On Thursday, bitcoin’s price jumped to $102,819, hitting a peak not seen since Feb. 3, and plenty of analysts point to a growing wave of institutional involvement as the driving force behind the climb. Wall Street’s Growing Appetite Sends Bitcoin Soaring Past $102K The institutions are here in full force, or so the chatter goes,
SEC and Ripple seek court approval for a $50M settlement and injunction lift, ending their multi-year legal battle. The post SEC reaches settlement with Ripple, ending case with $50 million deal appeared first on Crypto Briefing .
BITCOIN is above $103 thousand. ETHEREUM is above $2200. $BTC #Bitcoin $ETH #Ethereum
Wellgistics Health has taken a bold step into the future of healthcare transactions by integrating XRP into its payment infrastructure, aiming to enhance efficiency and reduce costs. This innovative move
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More on Marathon Digital Holdings MARA's Mining Machine Gains Traction MARA Holdings: Buy As The NAV Of Its Bitcoin Holdings And Market Cap Converge MARA Holdings: Short Squeeze Cancelled? Maybe Not Marathon Digital Holdings GAAP EPS of -$1.55 misses by $1.18, revenue of $213.9M misses by $3.69M Biggest stock movers Thursday: Crypto stocks, BYND, CLF, VTRS, G, and more
Wellgistics Health, a healthcare infrastructure company, will integrate XRP ( XRP ) and related technologies into its payment network to streamline transactions between pharmacies, medical suppliers and prescription medication manufacturers, the company said in an announcement on May 8. Wellgistics cited the finality time of XRP transactions and reduced transaction costs, which are fractions of a penny, compared to legacy financial architecture like automated clearinghouse (ACH) payments or wire transfers, as reasons for using XRP. Brian Norton, CEO of Wellgistics Health, said in the announcement: "I believe that the future winners in healthcare will not be the companies with the biggest buildings, they will be those with the fastest rails, cleanest data, and most efficient platforms. We are betting on infrastructure — not inertia.” The integration of XRP will reduce cross-border friction and allow transactions between different businesses in the supply chain to settle instantly, in real time, the announcement reads. Blockchain payment rails and cryptocurrencies can significantly reduce international transaction costs, giving rise to business opportunities that were previously out of reach or too expensive to implement and opening up global trade for residents in developing economies. Related: Can XRP price reach $4 in May? Analysts are watching these key levels Legacy banking system pushes back against crypto innovation Cryptocurrencies like Bitcoin ( BTC ) disintermediate banks and financial institutions by providing peer-to-peer transactions over a trustless network of decentralized nodes that are censorship-resistant and give the holder self-sovereignty over their money. Other cryptocurrencies like stablecoins and altcoins still feature a third-party issuer, but have the benefit of trading on blockchain payment rails, through the internet, without markets closing. Banks and legacy financial institutions pushed back against the GENIUS stablecoin bill in March 2025, arguing that stablecoins would erode the banking industry's market share of financial services and eventually drive out banks altogether. US Senator Elizabeth Warren also fought to include several provisions in the bill that would force any stablecoin firm that wants to do business in the United States to issue their stablecoin with the oversight of an established financial institution. The bill, hailed as a bipartisan success, failed to advance to a floor vote on May 8 after pushback from Democratic senators. Magazine: ZK-proofs are bringing smart contracts to Bitcoin — BitcoinOS and Starknet
You’re swimming in data. You’re creating new data every day. If your health app counts your steps? That’s new data. The Oura ring that’s tracking your bio-metrics? Valuable data. Your social media posts, even the stupid jokes that got zero likes? More data. This is all data that AI companies would love to harvest. You can’t build good AI without good data, which is why many view data as the “new oil’ in the race for AI. The problem, though, is that while your data is valuable in theory , the reality is that it’s hard to monetize your own personal data, as you have no leverage as an individual. (Open AI isn’t knocking at your door to buy your old tweets.) Enter Vana . “I think data is this fundamental resource powering the next generation of AI, and really the next generation of our digital economy,” says Anna Kazlauskas, co-founder of Vana and CEO of Open Data Labs. “A lot of people frankly just don't realize that they actually own their data.” But you do own your data. And it’s valuable… if you can somehow join forces with millions of others who also own their data. This would give you bargaining power. And that’s the mission of Vana: To create an ecosystem for user-owned data, which in turn fuels user-owned AI. That ecosystem involves a mix of Data DAOs (a “labor union” for data), decentralized data marketplaces, the recently launched VRC-20 token , and a new collaboration with Flower Labs to build the world’s first user-owned foundational model. (Exhibit A that Decentralized AI is creeping into the mainstream: The Vana/Flower collaboration was covered by WIRED .) Kazlauskas will give a keynote at the AI Summit at Consensus 2025 outlining this vision, and she gives a glimpse here. And she sees the momentum shifting. “We're already starting to see this shift where more people realize that, ‘My data is really important to AI’ and ‘I’m actually the owner of that.’” She predicts that in a few years, over 100 million users will be onboard. In 10 years? “World population. Above 10 billion.” Interview has been condensed and lightly edited for clarity. Why is user-owned data so important to you? Anna Kazlauskas: Most people assume data is owned by the platforms that it's sitting on, but that's not the case. In the same way that when you put your car in a parking lot, the parking lot doesn't own your car. You can always take it back. You have full ownership over it. And there's a huge amount of money being made today, mostly by big tech companies, off of that data, but users are the legal owners. So I think it's important that we restore that ownership, both from a user perspective and from a developer's perspective. Can you connect the dots of how this helps developers? As a developer, especially in an AI world, having access to the right data is really important. And it's super hard to do right now, because most of the data is locked up within the walled gardens of big tech. So many of my really smart friends who do stuff in AI go work at the big labs, because that's where the data is and that’s where the compute is. But that doesn't have to be the case. How do Data DAOs fit into this vision exactly? So a DataDAO is kind of like a labor union for data. Where basically you have a large group of people who pool their data together, and then can make collective decisions over what happens to that data. The reason why that's important is that your data, on its own, is not that useful, right? It's much more useful when there's a big pool of it. When there’s enough of it to train an AI model. What are some of the Data DAOs you’re most excited by? There are a few in the health space that are really interesting. There's an early one that's actually doing full exports of patient medical records, which I think can really help advance a lot of research in the space. There's some related to biometrics, sleep, and health. There’s one with the DLP [Driver Loyalty Program] Labs; they’re building car data. And within their data-set, the Tesla data is really interesting because most people think about Tesla as valuable because they have a data lead, right? Actually, the users can get a lot of that data-set. You’re pivoting from theory to practice with the new collaboration with Flower Labs to build COLLECTIVE-1. What’s the goal there? COLLECTIVE-1 is the first user-owned foundation model. Usually when people think about a foundation model, they typically think of one company running a very large training job in a single data center, right? Like OpenAI. And the reason why it's typically done in a centralized way is because it requires, one, a whole lot of compute power, and two, a whole lot of data. Flower AI is kind of the leader in federated [decentralized] training. They've done a really great job of building these great open source libraries. They’ve come in from the training side and the algorithm side. And with Vana, we really focus on that data piece, right? So we basically have all this data that people can train on. Then you give users end-ownership of the model, and users can decide on what the model is allowed to do? So this is the first foundation model of its kind. And the theory is that eventually, with better data, you can build AI that’s not just competitive with the central players but better , is that right? So it’s not just about ideology, but also performance. Exactly, yeah that’s 100% right. From a decentralized context, I think often people agree in principle that, “Yes, we should have AI that's owned by the people. We should have decentralized AI.” But what’s the thing that we can actually do better in a decentralized context? Data is the answer. For each company, they only have their single slice of a data-set. Apple’s got their data. Google’s got their data. But if you’re going through the user, you can cut across platforms and actually build better data-sets than any single company. Data is the secret sauce that makes it all work. Love it. Thanks Anna, see you at the AI Summit in Toronto. Jeff Wilser will host the AI Summit at Consensus 2025, and is host of The People’s AI: The Decentralized AI Podcast .
The crypto exchange giant's trading revenues fell 19% from its previous quarter amid challenges that afflicted crypto markets.
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have reached a settlement in their long-standing lawsuit concerning the XRP cryptocurrency. According to a joint motion filed in the U.S. District Court for the Southern District of New York, Ripple will pay $50 million, which is less than half of the original $125 million penalty initially imposed. The settlement agreement includes provisions for both parties to drop their appeals if the court agrees to lift the injunction related to the case. The SEC has formally filed the settlement agreement letter, signaling the closure of the case. Ripple executives Brad Garlinghouse and Chris Larsen are also part of the settlement. Despite earlier uncertainty when Ripple claimed the SEC withdrew its appeal without confirmation, the recent filings confirm the resolution of the dispute. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io