The crypto market is in high spirits as institutional investors and whales pour fresh capital into major assets. Over $1.2 billion in inflows hit the market last week. Bitcoin, XRP, and Polkadot are seeing revived accumulation. MAGACOIN FINANCE is also entering the game, and analysts say this could be the early stages of a strong bullish run heading into the next market season. Bitcoin Treasury Buys Hit New Highs Bitcoin’s institutional appeal surged this week after Japan’s Metaplanet and the UK’s Smarter Web Company added nearly $100 million worth of BTC to their corporate treasuries. In a tweet today, Metaplanet said it has bought 518 BTC for $61.4 million. The new buying brought its total holdings to 18,113 BTC, now worth $2.15 billion. Meanwhile, Smarter Web acquired 295 BTC for $35.2 million, which makes its stash 2,395 BTC. On Coinbase, institutional volume reached 75%, and historically, this level has been followed by price growth within weeks. The crypto market is also seeing an additional catalyst with inflation data boosting rate-cut expectations. In that line, market commentators forecast further BTC upside from the present level at $120,000 to up to $240,000 by the end of this 2025. XRP Whales Also Buying Big Despite recent price dips, XRP whales have added over 1.2 billion tokens worth $3.8 billion in just four days, according to data from Santiment. This accumulation comes as XRP trades at $3.13, only 16.8% below its all-time high of $3.66. Large holders position for a price shoot toward $3.41, a critical resistance level that, if flipped to support, will open the gate for a run to new highs to $5. The bullish sentiment is notable given that over 95% of XRP’s circulating supply is already in money. Analysts believe whale-backed support could prevent a deeper correction. Polkadot’s Staking Strength Fuels Bullish Case Polkadot (DOT) is emerging as a possible dark horse in the current altcoin rally, with more than 50% of its total supply locked in staking. It is now selling at $4.15, staying far below its 2021 peak. Yet, technical analysts say a price run above $4.30 can start the DOT uptrend. Notably, price projections see DOT touching $5.30 soon, with some bright targets arguing for $10 by September 2025 if catalysts like a DOT ETF materialize. This reduced sell pressure from staking, combined with market-wide bullish sentiment, could set DOT for a fast upside move. MAGACOIN FINANCE Gains Trader Attention Ahead of Predicted 59x Potential MAGACOIN FINANCE is also attracting attention from traders as market predictions point to a possible 59x return before the end of the upcoming altcoin season. Essentially, with momentum building across the broader crypto market, institutional players are beginning to eye emerging tokens alongside blue chips. The ongoing initial sale offers entry before its exchange listings, which makes MAGACOIN a project to watch for the next phase of capital rotation. Strong sentiment factors could amplify its trajectory if current market conditions hold. Conclusion Whales and institutions are once again moving momentum in crypto, targeting both established assets like BTC, XRP, and DOT, and high-upside coins such as MAGACOIN FINANCE. As capital inflows remain strong, the next few weeks could be really bullish for crypto. You can explore MAGACOIN FINANCE via the official website: Website: https://magacoinfinance.com Presale: https://magacoinfinance.com/presale X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Whales Accumulate XRP, Bitcoin, and Polkadot as $1.2B Flows Hit the Crypto Market This Week
The $2.3 trillion market cap king of the crypto space, Bitcoin, surged to a record-breaking price of $122,838 last month. This milestone has intensified chatter that a delayed post-halving rally might finally be gaining momentum. Just this week, BTC nearly set another record, topping out at $122,227. Meanwhile, investor focus has broadened to include everything from established altcoins to top-performing meme coins . Over the past 12 months, tokens like XRP, TRON, Solana, Sui Network, Pepe, Trump, SPX6900, and FartCoin have all posted fresh all-time highs (ATHs). Adding to bullish sentiment, U.S. regulators appear to be moving toward a unified digital asset rulebook. Only four days after BTC’s ATH, on July 18, Trump signed the GENIUS Act, laying down the first nationwide stablecoin regulatory framework. In parallel, the SEC has unveiled “ Project Crypto ,” a reform plan to revamp securities oversight and provide the much-needed clarity the crypto sector has long sought. With optimism growing, some market analysts believe select altcoins could soon retest or surpass their previous price peaks. Ripple (XRP): Strong Price Potential Following High-Profile Global Recognition From Outside Crypto Ripple’s XRP ($XRP) spiked to an ATH of $3.65 on July 18, the same day the GENIUS Act became law, beating its 2018 high of $3.40. It has since dipped to around $3.26, a 10% drop, though it rebounded 7% in the past day. Investors continue to view XRP as a long-term play thanks to its fast, low-cost cross-border payment system, which avoids slow, costly legacy channels like SWIFT. This competitive edge has attracted attention from influential institutions, including the United Nations and the White House. In March, Ripple CEO Brad Garlinghouse was one of only two crypto leaders invited to Trump’s White House crypto summit. A turning point came in 2023 when a U.S. court ruled that retail XRP sales did not violate securities laws, effectively ending a prolonged SEC lawsuit and restoring investor confidence. Over the last year, XRP has jumped 466%, far outpacing Bitcoin’s 106% gain. A bullish flag pattern formed between January and April, with a breakout starting in June that appears ongoing. In the past week alone, XRP rose 11% outpacing Bitcoin’s 7% growth. The relative strength index (RSI) remains above 50, indicating ongoing buying. After the asset spent much of July hovering above its 30-day, XRP’s price has now converged with it, showing solid support around $3. These factors point to a potential run toward $4, possibly as soon as September. Pump.fun ($PUMP): After Turbulent Price Movement on Launch, Solana’s Meme Crypto Launchpad is Going Up Launched January 19, 2024, on the Solana network, Pump.fun is a decentralized token creation platform allowing anyone to mint and launch primarily meme coins, but other cryptos too, on an equal-access basis. On July 12, the platform’s native token, PUMP, made its debut and amassed $1 billion in investments within just 12 minutes. Out of a total supply of 3 trillion tokens, the team minted 1 trillion (33%), pricing them at $0.004 each. Fifteen percent went to retail buyers during the ICO, with another 18% sold to institutions. This raised $600 million directly, with institutional interest pushing the total above $1 billion. The price action has declined 42% since hitting an ATH of $0.006812 on July 16. The following day, the token crashed 15%. At the current price of $0.003951 is up 73% from its all-time low of $0.002283, posted July 29, and has effectively reclaimed its presale price. No doubt, the team’s buyback has helped to stabilize the coin. Despite the rocky start, Pump.fun is a well-established protocol in a $82 billion meme coin market, $14 billion of which is tied to Solana meme coins, suggesting plenty of future growth potential. Bitcoin Cash ($BCH): Bitcoin’s Crypto Payments Fork Has Seen Consistent Price Gains This Year Bitcoin Cash ($BCH emerged from Bitcoin’s 2017 hard fork, prioritizing faster, more scalable payments through larger block sizes. This design, however, slightly reduces decentralization by increasing mining requirements, favouring large-scale miners. Since April, BCH has more than doubled from $251.54 to its current price of $623.51. The technical setup of its price chart appears to foretell the rally thanks to a falling wedge pattern from late December to early March, usually a bullish technical signal. If market conditions hold, BCH could hit $1,500 by early 2026 and approach $3,000 in a bull market, possibly surpassing its December 2017 ATH of $3,785.82 next year, if the market sees a crypto gold rush. If it can cross near-term resistance, which sits at $700, then BCH could recapture highs of around $800 by mid-fall. This would put it at a four-year high. Interestingly, since late April, Bitcoin Cash’s RSI score has been consistently above 50, which indicates investors have mostly been buying rather than selling, a strong indicator of bullishness. If macroeconomic sentiment remains supportive and market narratives pivot back to fast, cost-effective payment assets like XRP and BCH, the token could potentially double its valuation before the year ends. Key psychological support lies just below at $600. Bitcoin Hyper ($HYPER): The Layer 2 Project Mixing Tech Innovation with Meme Appeal Among emerging presale projects, Bitcoin Hyper ($HYPER) stands out as the first Layer 2 protocol for Bitcoin, merging internet meme culture with scalability solutions. Its mission: speed up Bitcoin transactions and broaden use cases while keeping a community-focused vibe. The presale has already raised over $9 million, and some analysts forecast a possible 10× surge after launch. Using the Solana Virtual Machine (SVM), Bitcoin Hyper brings high-performance smart contracts to Bitcoin without slow processing times or high fees. Its Canonical Bridge enables near-instant BTC transfers on its proprietary Layer 2 network, while ultra-low gas fees make it viable for dApps, meme tokens, and payment systems. A recent Coinsult audit found no smart contract vulnerabilities, boosting investor confidence. $HYPER serves as the platform’s native token, powering staking rewards, transaction fees, and exclusive benefits. Early presale participants can earn up to 119% annual yields and enjoy governance rights over the project’s direction. Visit the official presale website or follow Bitcoin Hyper on X and Telegram for more information. Click Here to Participate in the Presale The post Crypto Price Prediction Today 13 August – XRP, PUMP, Bitcoin Cash appeared first on Cryptonews .
Google’s AI platform, Gemini, says XRP, Chainlink and Solana could post strong highs in the coming months, setting up what might be a White Christmas for crypto investors. Market momentum appears to be backing up this outlook. In early trading Monday, Bitcoin nearly breached its record high, peaking briefly at $122,227, a sign that bulls are trying to spark a market-wide breakout. Over in regulatory news, President Trump last month signed the GENIUS Act, introducing federal guidelines for stablecoins to ensure they are fully reserve-backed. Shortly after, the U.S. Securities and Exchange Commission (SEC) unveiled Project Crypto , a sweeping reform initiative aimed at updating securities laws to offer much-needed clarity for digital assets. These policy shifts indicate that the Trump administration is actively moving to fulfill its campaign promise of making the U.S. the global epicenter for blockchain technology. With optimism mounting, many analysts believe the next rally could eclipse the heights reached in 2021. Gemini expects XRP, Chainlink, and Solana to lead the charge. XRP (Ripple): Gemini AI Predicts Potential 6x Price Surge Toward $20 by Christmas Gemini forecasts that XRP ($XRP) could approach $20 before the close of 2025, nearly doubling from its current value near $3.26. XRP’s recent performance has been impressive. On July 18, it surged to $3.65, its highest since 2018’s $3.40, before pulling back about 10% to today’s level. Even with that correction, it has gained 11% over the past month, while Bitcoin only added 6%. Recognized in 2024 by the UN Capital Development Fund as a leading solution for global payments, XRP’s reputation among more traditional financial players continues to strengthen. Ripple’s long-running legal standoff with the SEC concluded this year after the agency dropped its case. This followed a 2023 court decision confirming that retail sales of XRP are not classified as securities transactions, a landmark victory for Ripple and the broader crypto sector. If XRP retakes and exceeds its former ATH, Gemini suggests the $6 could be easily attainable, but getting the heady rush of a spring to $20 would require a full-on bull market. Technical data shows the RSI trending upward from 58, indicating intensifying buying momentum. Over the past year, XRP has soared 472%, far outpacing Bitcoin’s 104% rise and Ethereum’s 75% gains. Chainlink ($LINK): Blockchain Interoperability Leader Could Hit $100 According to Gemini AI Chainlink (LINK) has been one of today’s standout gainers, climbing 126% since this time last year and outperforming Bitcoin and Ethereum in doing so. It currently trades at $23.57. The project functions as a decentralized oracle network, delivering real-world data to blockchain-based smart contracts, enabling seamless integration between traditional systems and virtually any blockchain. Given that many see data transfer and interoperability as the linchpin for mass crypto adoption, Chainlink’s position as a bridge between blockchains and TradFi structures is bolstered by its longstanding partnership with SWIFT . Supported by a bullish falling wedge pattern emerging between January and mid-March, a structure often preceding bullish breakouts, Gemini believes $LINK could rally toward $30 by month’s end, encountering resistance first at $25. Its current RSI is around 72, suggesting sustained buying interest that may ease as traders do a bit of profit-taking but demand remains high, especially after this week’s announcements regarding ChainLink’s buyback initiative (the Chainlink Reserve) and the protocol’s new collaboration with Intercontinental exchange, the parent company of the New York Stock Exchange. All these things point to an increasingly bullish narrative positioning $LINK for outsized gains. Solana ($SOL): Gemini AI Suggests ETF Buzz and Network Improvements Point to 3x by Christmas Solana ($SOL) continues to solidify its presence in the smart contract ecosystem, now commanding a market cap exceeding $96.6 billion and attracting both institutional investors and developers. Fueling recent gains are rumors of a forthcoming U.S.-approved Solana spot ETF, a move that could replicate the inflows seen with Bitcoin and Ethereum ETFs and significantly boost institutional adoption. Adding to the chatter, President Trump posted on his social media platform earliet this year that the US government could hold Solana in its upcoming U.S. national Bitcoin reserve, but at this stage in the proposal SOL “hold-only”, meaning it could only be included if sourced from law enforcement seizures, not directly bought. On the technical side, SOL has broken free from a prolonged downtrend. After peaking at $250 in January and dipping to $100 in April, it has rebounded to $196. The breakout from its descending wedge pattern has Gemini AI forecasting a potential surge toward $600 by the end of 2025, more than double its ATH of $293.31 set in January. However, this extreme bull case is only likely if the SEC comes out with comprehensive crypto guidance by Christmas. Maxi Doge Presale Nears $1 Million: A Potential 100x for Doge’s Crypto Bro Cousin? For investors seeking speculative, high-upside meme coin opportunities, presales continue to offer attractive entry points. One such newcomer, Maxi Doge (MAXI) , has already raised over $818,000 within days of launch. Built on Ethereum’s ERC-20 framework, MAXI focuses on community building through active Telegram and Discord interaction, trading contests, and promotional partnerships. Out of its total 150.24 billion tokens, 25% is allocated to the “Maxi Fund” for marketing and collaborations. Holders can stake their tokens for passive rewards, with current APYs reaching up to 346%, though these rates will taper down as participation grows. Priced at $0.000252 in its current presale phase, MAXI’s next price increase will rise nominally in less than three days as the presale moves onto its next funding round. This means the presale rewards earlier participants with slightly more added value before launch, incentivizing early birds. Investors can purchase the project through the Maxi Doge website using wallets such as MetaMask or Best Wallet . Follow Maxi Doge on X and Telegram to keep up to date with developments. Click Here to Participate in the Presale The post Google’s Gemini AI Predicts the Price of XRP, Chainlink and Solana by the End of 2025 appeared first on Cryptonews .
Bitcoin is eyeing a $130K breakout as Kazakhstan launches its first spot BTC ETF, marking a major step for regional adoption and adding fresh momentum to the cryptocurrency’s bullish trajectory. Kazakhstan Debuts Central Asia’s First Spot Bitcoin ETF Kazakhstan has officially entered the regulated Bitcoin investment arena with the launch of its first spot BTC exchange-traded fund. The Fonte Bitcoin ETF (BETF) , now trading on the Astana International Exchange, is physically backed by BTC and managed by Fonte Capital. Secure cold storage is provided by BitGo Trust, a U.S.-regulated custodian known for safeguarding assets for major U.S. ETF issuers. JUST IN: Kazakhstan’s Fonte Capital gets approval to list the first spot Bitcoin ETF in Central Asia The ETF starts trading tomorrow pic.twitter.com/rutraPruZk — Bitcoin Magazine (@BitcoinMagazine) August 12, 2025 This milestone offers retail and institutional investors in Central Asia regulated access to Bitcoin — a first for the region. As one of the world’s top BTC mining hubs, Kazakhstan’s new ETF could draw both domestic and international capital, signaling broader adoption in emerging markets. Norway’s Sovereign Wealth Fund Expands BTC Exposure Norway’s sovereign wealth fund, the largest globally, has increased its indirect BTC exposure by 192% over the past year. BULLISH: $1.7 trillion Norway's Sovereign Wealth Fund NBIM increased its indirect Bitcoin exposure by 192% to 7,161 $BTC in 2025, up from 3,821 $BTC at the end of 2024, per K33 Research data. pic.twitter.com/M8Oj4bwe4L — Cointelegraph (@Cointelegraph) August 13, 2025 While the fund does not hold BTC directly, it now has exposure to 7,161 coins through equity stakes in Coinbase, Metaplanet, and Strategy, a major corporate BTC treasury holder. This reflects a growing institutional strategy of gaining Bitcoin exposure through public companies, ETFs, and bonds. 1/ In Q2, @Metaplanet_JP net assets tripled — up 299% QoQ — and now it’s planning #Bitcoin -Powered Preferred Stocks to tap Japan’s yield-starved fixed income market. Let’s break it down: pic.twitter.com/NFyn6i4AZ9 — Bitcoin For Corporations (@BitcoinForCorps) August 13, 2025 Similar approaches are being taken by other sovereign funds, including those in Wisconsin and Kazakhstan, as restrictions on direct crypto holdings persist. Bitcoin Price Forecast: Bulls Eye $130K Bitcoin is trading at $122,535 after breaking above the descending channel that capped price action since mid-July. On the 4-hour chart, the breakout is supported by a series of higher lows and a sustained move above the 50-period SMA at $117,774. Wide-bodied green candles show aggressive buying, while the 23.6% Fibonacci retracement at $117,335 now acts as strong support. Bitcoin Price Chart – Source: Tradingview Momentum indicators remain bullish. The RSI sits at 68.31, close to overbought but not yet signaling exhaustion, and the MACD shows widening bullish momentum. The chart resembles a bullish flag formation, suggesting that consolidation below $123,236 could precede the next leg higher. A confirmed breakout above $123,236 opens the door to $126,242, with $130,000 as the next psychological target. Traders may look for entries above $123,236 with stops near $121,500, or wait for a pullback to $117,774 for a lower-risk setup. Suppose institutional accumulation continues and long-term holders keep supply tight. In that case, this technical structure supports a sustained rally, one that could push Bitcoin beyond $130K in the near term and potentially higher later in the cycle. New Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed Bitcoin Hyper ($HYPER) is the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), built to supercharge the Bitcoin ecosystem with fast, low-cost smart contracts, dApps, and meme coin creation. By merging Bitcoin’s security with Solana’s performance, it unlocks powerful new use cases – all with seamless BTC bridging. The project is audited by Consult and built for scalability, simplicity, and trust. Investor interest is surging, with the presale already surpassing $9 million and only a small allocation remaining. HYPER tokens are currently available at just $0.012675, but that price is set to rise soon. You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card. Click Here to Participate in the Presale The post Bitcoin Price Prediction: Kazakhstan’s First ETF Launches as BTC Targets $130K Breakout appeared first on Cryptonews .
BitcoinWorld El Salvador Bitcoin Reserve: Astonishing $470 Million Profit Soars! Get ready for some exciting news from the world of cryptocurrency! El Salvador, a pioneer in national Bitcoin adoption, has just revealed astonishing figures about its national El Salvador Bitcoin reserve . This small Central American nation is making waves, showcasing an impressive unrealized profit of $470 million from its bold Bitcoin investment strategy. This development underscores the potential for nations embracing crypto adoption . How Did El Salvador Achieve This Remarkable Unrealized Profit? The journey to this significant financial milestone began in September 2021 when President Nayib Bukele made history by declaring Bitcoin legal tender. Since then, El Salvador has steadily accumulated Bitcoin, strategically buying during market dips. This long-term ‘HODLing’ approach, combined with Bitcoin’s recent price surge, has transformed their digital asset holdings into a highly profitable venture. The figures, shared by President Bukele himself via Watcher Guru on X, highlight the success of their unconventional economic policy. It’s a clear demonstration that a patient and strategic approach to Bitcoin investment can yield substantial returns, challenging traditional financial norms and showcasing the strength of the El Salvador Bitcoin reserve . What Does This Mean for El Salvador’s Bold Bitcoin Investment Strategy? This unrealized profit is more than just a number; it validates El Salvador’s groundbreaking decision to embrace Bitcoin. It signifies a potential new pathway for national economies, especially those seeking innovative ways to boost their financial standing. Key aspects of their strategy and its implications include: Economic Boost: The profits could potentially fund public projects or reduce national debt, directly benefiting the citizens. Increased Confidence: This success story builds confidence in the long-term viability of Bitcoin investment and national crypto adoption . Global Attention: El Salvador continues to be a focal point for discussions around digital currencies, attracting innovators and investors worldwide. The nation’s El Salvador Bitcoin reserve strategy serves as a live experiment, providing valuable data for other countries considering similar paths. Are There Challenges with National Crypto Adoption? While the current unrealized profit is impressive, it’s important to remember that the cryptocurrency market is known for its volatility. The value of the El Salvador Bitcoin reserve can fluctuate significantly, and an unrealized profit can quickly become an unrealized loss if market conditions shift. Critics often point to: Price Volatility: Bitcoin’s price swings pose risks to a nation’s treasury. Regulatory Hurdles: Navigating international financial regulations and traditional banking systems remains a complex challenge for nations pursuing widespread crypto adoption . Infrastructure Development: Ensuring widespread access and education for citizens is crucial for successful integration. Despite these challenges, President Nayib Bukele remains steadfast in his vision, continuously promoting the benefits of their unique financial approach. El Salvador’s bold move into the world of Bitcoin has undeniably paid off, at least for now, with a remarkable $470 million in unrealized profit from its El Salvador Bitcoin reserve . This achievement highlights the potential for nations willing to innovate and explore new financial frontiers through Bitcoin investment and broader crypto adoption . As the world watches, El Salvador continues to carve out its unique path in the global economy, championed by President Nayib Bukele . The ongoing success story provides a compelling case study for the future of digital assets in national finance, prompting many to reconsider the traditional financial playbook. Frequently Asked Questions (FAQs) 1. What is El Salvador’s Bitcoin reserve? El Salvador’s Bitcoin reserve refers to the accumulation of Bitcoin by the nation’s government since it adopted Bitcoin as legal tender in September 2021. These holdings are part of the country’s national treasury. 2. How much unrealized profit has El Salvador made from Bitcoin? As reported by Watcher Guru, El Salvador’s Bitcoin reserve has shown an impressive unrealized profit of $470 million, reflecting the significant increase in Bitcoin’s value since their initial investments. 3. Who is President Nayib Bukele? Nayib Bukele is the President of El Salvador, known for his pioneering decision to make Bitcoin legal tender in his country. He has been a strong proponent of Bitcoin investment and crypto adoption. 4. What are the main risks for a nation holding Bitcoin? The primary risks include Bitcoin’s price volatility, which can lead to significant fluctuations in the value of the national reserve. Other challenges involve regulatory hurdles and the need for robust infrastructure to support widespread crypto adoption. 5. Has any other country adopted Bitcoin as legal tender? As of now, El Salvador is the only country that has adopted Bitcoin as legal tender nationwide. Other countries and regions are exploring various forms of cryptocurrency integration, but none have followed El Salvador’s exact model yet. Found this article insightful? Share it with your friends, family, and fellow crypto enthusiasts on social media! Let’s spread the word about El Salvador’s remarkable Bitcoin journey and the evolving landscape of global finance. To learn more about the latest Bitcoin investment trends, explore our articles on key developments shaping global crypto adoption and the future of digital assets. This post El Salvador Bitcoin Reserve: Astonishing $470 Million Profit Soars! first appeared on BitcoinWorld and is written by Editorial Team
According to reports, Apple is getting ready to debut multiple smart home products between late 2025 and 2027. These products, including robots, a lifelike version of Siri, a smart speaker with a display, and home-security cameras, will reportedly not be mere iterations of its existing devices, but rather entirely new product categories designed to integrate deeply with Apple’s ecosystem. The centerpiece of Apple’s AI strategy It has been confirmed that Apple is plotting its artificial intelligence comeback with an ambitious slate of new devices. Most notable may be the iPad-like device mounted on a robotic arm. This tabletop robot, slated for 2027, is expected to serve as a virtual companion and has been tagged the centerpiece of the company’s AI strategy, according to people familiar with the proceedings. Like a human head, the robot will be able to turn toward a person speaking to or summoning it, and even try to draw the attention of someone not facing it. The device has been tagged as an entirely new version of the Siri voice assistant that can insert itself into conversations between multiple people. It is expected to have the ability to engage with users throughout the day and more easily recall information. Apple plans to put Siri at the center of the device operating system and give it a visual personality and a lifelike feel. Some people familiar with the product have called it the “Pixar Lamp,” a nod to the animated film company’s famous logo. While fans look forward to the launch in 2027, they can enjoy a similar device, code-named J490, which is a stripped-down variant of the robot, lacking the arm and conversational Siri set to launch mid next year. Apple’s ambitious plans depend on Siri getting better One of the biggest reasons Apple has delayed launching new smart home devices is the current state of Siri, whose performance lags behind Amazon’s Alexa or Google Assistant. However, Apple is working to fix that. Not only is Siri being rebuilt to include on-device AI processing, but it is expected to play a central role in Apple’s smart home vision, playing middleman between HomeKit devices, Apple Intelligence, and user habits. Apple’s engineers are also developing a version of the voice assistant code-named Linwood with an entirely new brain built around large language models. They aim to tap into personal data to fulfill queries, an ability that was delayed due to issues with the current version. The new software, known internally as LLM Siri, is scheduled for release next spring. Craig Federighi, senior vice president of software engineering, spoke about the Siri revamp: “The work we’ve done on this end-to-end revamp of Siri has given us the results we needed,” he said, before adding that “this has put us in a position to not just deliver what we announced, but to deliver a much bigger upgrade than we envisioned.” Linwood is based on technology developed by the Apple Foundation Models team, but the company also has a similar project dubbed Glenwood that would power Siri with outside technology. A final decision is yet to be made on which models will be used, but reports claim Anthropic PBC’s Claude is being tested for this purpose. Apple is still in the early stages of turning around its AI software, but executives see the upcoming releases as part of a key piece of its resurgence, which could help it challenge Samsung Electronics Co., Meta Platforms Inc., and other rivals in new categories. Chief Executive Officer Tim Cook spoke about the upcoming releases in an all-hands meeting this month: “The product pipeline — which I can’t talk about — it’s amazing, guys. It’s amazing,” Cook said. “Some of it you’ll see soon. Some of it will come later. But there’s a lot to see.” Beyond the home devices, Apple also plans to release thinner and redesigned iPhones this year. And further down the line, it aims to introduce smart glasses, a foldable phone, a 20-year anniversary iPhone, and a revamped headset dubbed N100. There are also plans for a large foldable device that melds a MacBook and an iPad and a camera, code-named J450, designed for home security, which can detect people and automate tasks. Sign up to Bybit and start trading with $30,050 in welcome gifts
Nothing screams bull market more than an influx of institutional investors and a growing risk appetite from traditional enterprises in crypto assets and the crypto market. We are now seeing this phenomenon play out in real time in the largest cryptocurrencies by market cap, such as Ethereum. The second-largest altcoin by market cap has increased by 17% in the past week and is now edging ever so closer to breaching the psychological $5000 barrier for the first time. While this is obviously bullish for Ethereum, it also spells good news for other altcoins in the market, as some of this liquidity and capital are bound to flow into the most hyped tokens at some point as investors look to diversify their portfolios. Analysts believe these three tokens, ENA, ETHFI, and RTX , could benefit from this liquidity spread as the bull market intensifies. Institutional Investors Send Ethereum Price Surging, ETH Tokens Set To Benefit There has been a phenomenal increase in the Ethereum price over the past week, with the second-largest cryptocurrency by market cap surging by 17%. This is thanks to an influx of liquidity in the token and its various crypto investment products, such as Ethereum exchange-traded funds (ETFs). Analysts estimate that around $1 billion in liquidity has gone into Ethereum in the past week as investor confidence increases as the bull market intensifies. This means several things. One is that Ethereum could finally breach past the psychological $5000 barrier for the first time since it launched in 2015. It also means that ETH-based tokens could enjoy a price surge shortly, as some of the Ethereum liquidity trickles down into other assets as investors look to diversify their portfolios. Analysts have tipped ENA and ETHFI as possible winners from the scenario, but they’ve also tipped their weight behind RTX, an upcoming native token in the fast-growing PayFi scene. Analysts Throw Their Weight Behind Remittix As Launch Draws Closer Crypto analysts are throwing all their weight behind Remittix, an upcoming PayFi project with impressive fundamentals, as the bull market intensifies. With the recent Ethereum price boost, analysts believe Remittix ’s native token, RTX, could benefit massively from the trickle-down liquidity, causing a price spike when it eventually launches. Remittix has caught the eye of the crypto industry recently, thanks to its impressive and innovative features, most of which are expected to transform the global payments experience. Some of these features include: Direct crypto-to-bank transfers in over 30 countries worldwide 40% token bonus for early adopters and supporters 20% referral rewards for onboarding new users Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
Investors anticipate major movements in the crypto market tonight. ETH nears another potential ATH, exciting crypto enthusiasts. Continue Reading: Crypto Markets Anticipate Thrilling Moves Tonight The post Crypto Markets Anticipate Thrilling Moves Tonight appeared first on COINTURK NEWS .
BitcoinWorld xAI Co-founder Igor Babuschkin’s Pivotal Departure Signals New Era for AI Safety In the fast-paced world of artificial intelligence, where innovation often collides with controversy, a significant development has unfolded at Elon Musk ‘s cutting-edge AI startup , xAI . The departure of Igor Babuschkin , a pivotal co-founder and engineering lead, marks a turning point not just for the company, but potentially for the broader landscape of AI development and safety. His move to launch a new venture capital firm dedicated to AI safety research sends a powerful message about the evolving priorities within the tech elite. Igor Babuschkin’s Bold Leap from xAI On Wednesday, the AI community buzzed with the news: Igor Babuschkin , a key architect behind xAI ‘s rapid ascent, announced his exit from the company he helped establish with Elon Musk in 2023. Babuschkin, known for leading the engineering teams that propelled xAI into a leading developer of AI models, shared his reflections on X. He recounted early conversations with Musk, highlighting a shared vision for an AI company with a distinct mission. His departure signifies a personal pivot towards new horizons, but also prompts questions about the future direction of one of the most talked-about AI startup s. Babuschkin’s role at xAI was foundational. He was instrumental in building the engineering backbone that allowed xAI to quickly develop state-of-the-art models capable of competing with established giants like OpenAI and Google DeepMind. His insights into AI architecture and team leadership were crucial during the company’s formative years, making his exit a notable event for the burgeoning AI industry. Shaping the Future: Babuschkin Ventures and AI Safety The reason behind Babuschkin’s departure is equally compelling: the launch of his own venture capital firm, Babuschkin Ventures. This new endeavor is not merely about financial investment; it’s a mission-driven initiative focused on supporting AI safety research and backing startups committed to ‘advancing humanity and unlocking the mysteries of our universe.’ This vision was notably inspired by discussions with Max Tegmark of the Future of Life Institute, emphasizing the critical need for building AI systems responsibly for future generations. Babuschkin’s move underscores a growing trend among AI leaders to prioritize ethical development and safety alongside technological advancement, a crucial aspect for the long-term viability of the AI industry. Babuschkin Ventures aims to fill a critical gap in the venture capital landscape by specifically targeting companies and research initiatives that are not just innovating, but doing so with a strong emphasis on responsible AI development. This focus on AI safety reflects a broader industry awareness that powerful AI systems require robust safeguards and ethical frameworks to prevent unintended consequences. The Road Less Traveled: xAI’s Journey Under Elon Musk Babuschkin’s exit comes at a particularly dynamic period for xAI , a company intrinsically linked to the public persona of Elon Musk . While xAI’s models have demonstrated state-of-the-art performance against competitors like OpenAI, Google DeepMind, and Anthropic on various benchmarks, its journey has also been marked by considerable public scrutiny. The company’s AI chatbot, Grok, has been at the center of several controversies. These incidents, including instances where Grok reportedly cited Musk’s personal opinions, generated antisemitic content, and enabled AI-generated videos resembling nude public figures, have at times overshadowed the significant technical achievements of the AI startup . This dual narrative of groundbreaking innovation coupled with ethical challenges highlights the complex environment in which companies like xAI operate. The challenges faced by Grok have brought into sharp focus the difficulties of deploying powerful AI models in the public sphere, especially when dealing with sensitive or controversial topics. These incidents underscore the immense responsibility that comes with developing and deploying advanced AI, a challenge that Igor Babuschkin ‘s new venture aims to address more directly. Beyond the Headlines: The True Performance of an AI Startup Despite the controversies surrounding Grok, it is important to acknowledge the core technological prowess that Igor Babuschkin and his teams helped cultivate at xAI . The company’s models have consistently performed strongly on key benchmarks, showcasing their competitive edge in the rapidly evolving AI landscape. This technical excellence often gets lost amidst the more sensational headlines. The challenges faced by xAI are not unique; many burgeoning AI startup s grapple with balancing rapid innovation with responsible deployment and public perception. Babuschkin’s new focus on AI safety through venture capital could provide a crucial new avenue for addressing these systemic challenges across the industry. The ability of xAI’s models to stand toe-to-toe with those from more established AI labs speaks volumes about the talent and engineering rigor within the company. This performance is a testament to the dedication of its founding team, including Babuschkin, in pushing the boundaries of what an AI startup can achieve in a short timeframe. What This Means for the AI Landscape The departure of a co-founder from a high-profile AI startup like xAI always sends ripples through the industry. For Elon Musk , it means a significant engineering talent and founding vision-setter has moved on, potentially necessitating a reshuffle in leadership and strategic direction for xAI. For the broader AI community, Igor Babuschkin ‘s commitment to AI safety through Babuschkin Ventures represents a significant boost to a field that is increasingly recognized as vital for humanity’s future. It signals a shift where top talent is not just building powerful AI, but also actively investing in its ethical and safe development. This dual emphasis on innovation and responsibility will be critical as AI continues to integrate more deeply into our lives, driving conversations around governance, ethics, and the long-term impact of artificial intelligence. This development highlights the dynamic nature of the AI ecosystem, where founders and leaders are constantly evaluating their roles and contributions. The emphasis on AI safety is becoming paramount, moving from theoretical discussions to actionable investment strategies, which is a positive sign for the responsible evolution of the technology. Conclusion: A New Chapter for AI’s Future Igor Babuschkin ‘s departure from xAI marks a compelling moment in the AI sector. It’s a story of a founding engineer moving from building cutting-edge models to actively shaping the future of AI through responsible investment and dedicated research into AI safety . While xAI , under Elon Musk ‘s continued leadership, navigates its path forward, including addressing past controversies and pushing technological boundaries, Babuschkin’s new venture promises to be a vital force in ensuring that the incredible power of artificial intelligence is harnessed for the good of all. This evolution among key figures in the AI space underscores the growing maturity and self-awareness of an industry grappling with its immense potential and profound responsibilities. To learn more about the latest AI safety trends, explore our article on key developments shaping AI Models features . This post xAI Co-founder Igor Babuschkin’s Pivotal Departure Signals New Era for AI Safety first appeared on BitcoinWorld and is written by Editorial Team
The blockchain analytics firm Glassnode shared its weekly report, which features various key metrics and on-chain data related to the leading cryptocurrency. Spot Metrics The spot price rebounded strongly over the past week, after re-testing the sub-$114,000 level and climbing back towards $121,000. This brought momentum back into the spot market, with several sectors showing signs of renewed user activity, although a close eye is to be kept on the conditions. The Relative Strength Index (RSI), which measures the speed and change of price movements by calculating the average gains & losses over (usually) 14 days, has increased to 47.5, marking a 14.5% gain. This signals a strengthening investor interest and a potential bullish shift; however, as the RSI is below the midpoint, it warrants caution as the momentum needs to hold to confirm the trend. Source: Glassnode Meanwhile, Spot Volume decreased from $7.3 billion to $5.7 billion, representing a 22% reduction, which indicates reduced market engagement and fewer participants compared to previous weeks. Futures Metrics Open Interest, the benchmark that measures the total number of active positions, has decreased to $44.1 billion from $44.6 billion, indicating a slight reduction in leveraged trading, likely due to profit-taking or liquidations. Source: Glassnode The Funding Rate (fees paid by longs to shorts, allowing them to maintain their positions) specifically for long positions declined by 2% to $2.9 million. While this hints at a cooling bullish sentiment, the demand for these positions remains high. Options Metrics Open interest in the options market has increased compared to futures, reaching $42.4 billion. This represents a 6.74% increase from last week and can be attributed to growing market engagement, driven by speculative positions and various trading strategies. Source: Coinglass The Volatility Spread (measures whether options overprice risk; higher readings indicate greater fear) has dropped to 10.45% from 31.97% last week, signaling that traders are expecting less volatility. US Spot ETFs It’s looking good on the ETF markets, with the weekly net flows (the difference between money going in and out of the funds) rising over 54% from -$686 million to -$311 million, which is a significant reduction in outflows. This could lead to the start of a new wave of accumulation. Source: Glassnode By contrast, the Trade Volume (overall trading activity over a specific period) has experienced a 27.7% drop to $13.7 billion, which could indicate a consolidation phase within the market or seller exhaustion. Fundamental Metrics The daily active address count has risen to 793,000, indicating elevated user engagement on the network, likely driven by recent price movements. If this keeps up, a more active phase may be on the horizon. Source: Glassnode On-chain transfer volume, a metric that tracks the total amount of transactions conducted directly on the blockchain, has dropped slightly from $8.6B to $8.5B, but remains steady. This follows a recent sharp decline, suggesting renewed interest. Source: Glassnode The post Bitcoin Bounces Back This Week, But Glassnode Sees Trouble Ahead appeared first on CryptoPotato .