A crypto expert set off a fresh debate by arguing that Chainlink — not XRP — should wear the “banking coin” label. His short tweet on Wednesday got people talking and digging into the numbers behind both projects. Analyst Claims Chainlink Is Banking Coin According to Quinten, a top analyst and host at Coin Compass, Chainlink is better suited to work with banks than XRP. Related Reading: Could Pi Network Land On Coinbase? Hackathon Winner Thinks So Quinten also admitted that XRP is 10 times larger than Chainlink, a gap he says could narrow if LINK wins more institutional deals. Based on tracker figures, XRP currently trades around $3 with a market cap of a little over $178 billion, while Chainlink trades near $24 and sits at over $16 billion. XRP’s Role In Payments XRP’s case has long been tied to cross-border payments. Ripple’s tools let big banks move money on-chain in ways that aim to cut costs and speed up settlement. $XRP is 10 times bigger than $LINK Meanwhile Chainlink is the real banking coin $250 $LINK is the base case — Quinten | 048.eth (@QuintenFrancois) August 27, 2025 Some supporters say XRP could become central as traditional firms move toward blockchain settlement and even challenge systems like SWIFT. That view helps explain why XRP has a much bigger market value today. Partnerships With Institutions Reports have disclosed that Chainlink has links with several major institutions. Advocates point to connections with SWIFT and partnerships with Mastercard, the DTCC, and some central banks. Those ties are used to strengthen the contention that Chainlink can plug into the financial system in ways that go beyond payments, such as providing data, price feeds, and settlement information that banks need. Price Targets And Forecasts Quinten put a base target on LINK of $250, arguing that a move like that would make Chainlink more comparable to XRP’s value. He based that view on what he sees as stronger institutional fit. Other commentators agree. Rekt Fencer, for example, predicted a price band of $250 to $400 for Chainlink by the end of Q4 2025. My Q4 2025 targets:$BTC: $215K – $230K$ETH: $9K – $12K$BNB: $2.8K – $3.3K$SOL: $800 – $900$XRP: $8.5 – $9$DOGE: $1 – $2.5$LINK: $250 – $400$ENA: $2 – $3$PENGU: $0.7 – $1#FARTCOIN: $4.5 – $6.5 If this looks crazy to you, You’re a fool — Rekt Fencer (@rektfencer) August 19, 2025 At the same time, Rekt Fencer projects XRP could reach between $8.50 and $9 in the same period. These are bold calls. They rest on adoption and partnership wins that have not yet been locked in. Related Reading: Finance News Giant Outlines Where XRP Could Be In 2026 And Beyond Community Pushback And What To Watch Reactions in online forums were split. Some users say Quinten is just talking up XRP to get attention. Others took a calmer view, saying both chains could have their moments. LINK Price Looking Up Meanwhile, Chainlink is showing signs of steady strength, with forecasts pointing to a 7.53% rise that could lift the token to $26.12 by September 28, 2025, data from Coincodex show. Technical indicators lean bullish, though the Fear & Greed Index sits at a neutral 50, suggesting balanced sentiment. LINK has logged 16 green days out of the past 30, with volatility at 16.19%, signaling active but sometimes sharp price swings. Featured image from Unsplash, chart from TradingView
The digital asset treasury company, Everything Blockchain Inc., is set to become the second publicly-traded entity to adopt an XRP yield-bearing structure created by Flare. As a layer-1 network focused on decentralized finance (DeFi) interoperability, Flare has been focused on expanding institutional adoption for XRP. A press release sent to CryptoPotato revealed that Everything Blockchain has entered a memorandum of understanding (MOU) to adopt Flare’s XRP DeFi (XRPFi) framework. This development comes after the Nasdaq-listed energy solutions provider VivoPower International committed $100 million in XRP to the Flare ecosystem. Everything Blockchain Embraces Flare’s XRPFi According to Flare, the XRPFi strategy will enable Everything Blockchain to deploy XRP in a compliant manner while earning yield. Flare already uses its smart contract infrastructure to unlock yield-generating opportunities for other traditionally non-yielding assets. Flare’s institutional-grade XRPFi framework will propel the coin’s emergence as a standard for corporate treasury yield. This will help establish XRP as a productive treasury tool, with solid institutional participation. “XRP, now a roughly $150 billion asset, has been a cornerstone of digital finance for more than a decade, yet institutions have had few ways to make it productive. Flare changes that by enabling a compliant, on-chain, non-custodial yield framework designed for corporate treasuries. With VivoPower and now Everything Blockchain, public companies are validating that XRPFi is not just a concept but an emerging institutional standard,” said Flare’s co-founder and CEO, Hugo Philion. From passive Holding to Yield-Bearing Everything Blockchain will shift from holding XRP as a passive asset to a compliant, yield-bearing strategy. Such a development could affect how public companies approach blockchain participation. Flare says it is ready to pioneer this shift through its trustless bridging system, FAssets, and decentralized restaking layer Firelight. The two protocols will allow Everything Blockchain to convert XRP to the Flare-native FXRP and allocate it to lending, staking, and liquidity protocols. “This is about unlocking the true financial utility of digital assets like XRP, not just as speculative holdings, but as yield-bearing instruments that can compound over time. Flare gives us the rails to do this in a way that meets the governance, security, and auditability standards required of public companies,” commented Arthur Rozenberg, CEO of Everything Blockchain Inc. The post Flare’s XRP Yield-Bearing Structure Adopted by Everything Blockchain Inc. appeared first on CryptoPotato .
The crypto market is under selling pressure as Bitcoin and major altcoins retrace to key demand levels, testing the conviction of bulls. After months of volatility and sharp rallies, traders now find themselves in a critical phase where consolidation and uncertainty dominate the narrative. While short-term sentiment leans cautious, on-chain insights shed light on the broader forces shaping this cycle. According to CryptoQuant analyst Dan, the percentage of Bitcoin held for over a year — measured by realized market cap — provides a reliable framework for understanding long-term market phases. In earlier phases of past cycles (cycles 1 and 2), this metric showed rapid growth as accumulation drove sharp surges, culminating in cycle peaks. In contrast, the current cycle (3) paints a different picture. The slope of the uptrend has begun to flatten, reflecting a slower pace of growth and signaling that the cycle is stretching longer than in previous years. This extended rhythm has raised questions about the structural changes behind today’s market. Why is the crypto market cycle slowing? Analysts point to new dynamics — from the rise of spot ETFs to growing institutional participation — as potential drivers reshaping how this cycle unfolds. Why The Crypto Market Cycle Is Slowing Down According to CryptoQuant analyst Dan, the slowdown in the current crypto cycle is closely tied to structural shifts in the market. One of the main reasons is the introduction of spot ETFs, which have changed how capital flows into Bitcoin. The involvement of large institutions and even some nations has further altered the rhythm, extending the length of the cycle compared to previous ones. These developments have created a more mature, but slower-moving, market environment. Another factor is the way capital rotation affects momentum. In this cycle, whenever funds begin to flow heavily into altcoins, Bitcoin’s upward momentum tends to stall. This pattern has repeated multiple times, highlighting how diversification across assets has a dampening effect on the speed of Bitcoin’s rallies. Unlike the 2023–2024 period, when Bitcoin’s dominance was clear, today’s market is showing gradual but steady capital migration into altcoins. Looking ahead, the macro backdrop also plays a key role. A rate cut expected in September, coupled with the potential approval of spot ETFs for altcoins in October, sets the stage for renewed optimism into fall and winter 2025. From a cycle perspective, current consolidation and any further corrections could present attractive entry opportunities for investors positioning for the next leg higher. Bulls Struggle To Hold $110K As Volatility Rises Bitcoin is trading near $110,000 after retreating sharply from its August peak around $123,200, with the daily chart showing a decisive shift in momentum. Price action has carved out a series of lower highs and lower lows, underlining the selling pressure that has weighed on the market since mid-August. The chart highlights that BTC is now sitting just above the 100-day moving average at $111,700, with the 50-day moving average at $116,500 acting as a ceiling in recent sessions. As long as Bitcoin remains below this zone, recovery attempts are likely to be capped by resistance. The $110,000 level is proving to be a critical area of support. A confirmed breakdown here could expose BTC to further losses toward $106,000–$108,000, while the 200-day moving average near $101,100 remains a last line of defense for the broader trend. Reclaiming $115,000 would be the first meaningful step toward regaining control. Only then could Bitcoin make another attempt to challenge the $120,000–$123,000 range. For now, however, the market remains under pressure, and whether BTC can hold $110K will likely define the short-term outlook. Featured image from Dall-E, chart from TradingView
BitcoinWorld India AI Backbone Unleashed: Mukesh Ambani’s Visionary Alliance with Google and Meta The global race for artificial intelligence dominance just got a significant new contender. In a move poised to redefine India’s technological landscape, billionaire Mukesh Ambani, chairman of Reliance Industries, has unveiled an ambitious plan to construct the nation’s AI backbone. This monumental undertaking isn’t a solo venture; it’s a strategic alliance forged with global tech titans Google Cloud and Meta, signaling a new era for innovation in the world’s most populous country. For anyone tracking the evolution of digital economies and the future of technology, this development represents a pivotal moment, promising to unleash unprecedented opportunities and reshape the global AI narrative. India AI Backbone: A New Era Dawns India is aggressively moving to assert its position in the global artificial intelligence arena, a space traditionally dominated by the U.S. and China. Mukesh Ambani’s announcement at Reliance Industries’ 48th annual general meeting marks the official launch of Reliance Intelligence, a new subsidiary dedicated to this monumental task. This venture is not just about building infrastructure; it’s about fostering a vibrant ecosystem for AI development, from enterprise tools to services across diverse sectors. Ambani emphasized that Reliance Intelligence will become a hub for “world-class researchers, engineers, designers, and product builders,” aiming to transform ideas into practical innovations for India and beyond. The establishment of a robust India AI Backbone is seen as crucial for national competitiveness and digital sovereignty. The vision extends to creating a national-scale AI infrastructure, leveraging Reliance’s vast network and energy assets. This strategic push is designed to ensure that India can not only catch up but also lead in specific areas of AI innovation, providing tailored solutions for its unique challenges and opportunities. The collaborative nature of this initiative, bringing in global expertise, underscores the scale of Ambani’s ambition and the critical importance of a unified national effort. Reliance AI: Powering India’s Digital Future The creation of Reliance Intelligence as a dedicated subsidiary underscores the seriousness of Reliance Industries’ commitment to artificial intelligence. This new entity will be the driving force behind the company’s comprehensive AI strategy, integrating advanced AI capabilities across its diverse portfolio. From telecommunications with Jio to retail and energy, the influence of Reliance AI is set to be pervasive, aiming to enhance efficiency, create new services, and deliver personalized experiences to millions of users. The company’s existing digital footprint, particularly through Jio, provides a unique advantage. Jio’s extensive network and user base offer an unparalleled platform for deploying and scaling AI solutions rapidly across the country. This integration will allow Reliance Intelligence to test, refine, and roll out AI-powered products and services at an unprecedented scale, making AI accessible to a broader population and fostering digital inclusion. The strategic move positions Reliance not just as a consumer-facing giant but also as a key enabler of enterprise-level AI transformation. Google Cloud India: Forging the Infrastructure Foundation A cornerstone of Ambani’s ambitious plan is the strategic partnership with Google Cloud. This collaboration is set to establish a dedicated AI cloud infrastructure within India, starting with a major data center in Jamnagar, Gujarat. This move is pivotal for several reasons: Localized Infrastructure: Bringing Google Cloud’s advanced AI capabilities directly to India ensures lower latency and better data governance, critical for sensitive applications. Scalable Solutions: The dedicated cloud region will empower businesses of all sizes, developers, and government bodies to access cutting-edge AI services without the need for massive upfront investments in hardware. Leveraging Jio’s Network: By combining Google Cloud’s expertise with Jio’s expansive network and Reliance’s energy assets, the partnership aims to support large-scale AI deployments efficiently and reliably. Google CEO Sundar Pichai himself lauded the partnership, stating, “As Reliance’s largest public cloud partner, Google Cloud is not only powering the company’s mission-critical workloads, but we are also innovating with you on advanced AI initiatives. This is only the beginning.” This strong endorsement from Google highlights the strategic importance of Google Cloud India in shaping the nation’s AI future and its potential for global impact. Meta AI India: Enterprise Solutions and Global Ambitions Beyond Google, Reliance has also cemented a significant joint venture with Meta, another major tech investor. This partnership focuses on building and scaling enterprise AI solutions, initially for customers in India, with an eye on select international markets. The financial commitment reflects the scale of this ambition, with a combined investment of ₹8.55 billion (approximately $100 million) under a 70:30 ownership split, respectively. What will this joint venture deliver? Llama-based Platform-as-a-Service: The core offering will be Meta’s Llama-based enterprise AI platform-as-a-service. This allows businesses to customize, deploy, and manage generative AI models. Diverse Use Cases: These AI models will cater to a wide array of business functions, including sales, marketing, IT, customer service, and finance, offering transformative capabilities. Pre-configured AI Solutions: The venture will also provide a suite of ready-to-use AI solutions, accelerating adoption for businesses seeking immediate AI integration. Mark Zuckerberg, Meta CEO, underscored the practical application of this partnership: “Through this joint venture, we’re putting Meta’s Llama models into real-world use.” This collaboration signifies a powerful push to democratize access to advanced generative AI tools for Indian enterprises, further solidifying the role of Meta AI India in the country’s technological advancement. The transaction is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2025. Mukesh Ambani’s Grand Vision: Beyond Partnerships Mukesh Ambani ‘s strategic moves extend far beyond these high-profile partnerships. His vision for Reliance’s role in the AI era is multifaceted, encompassing both domestic dominance and international expansion. Ambani also revealed plans for Reliance Jio Platforms to file for an initial public offering (IPO) in the first half of 2026, a highly anticipated event that could further fuel its growth and AI initiatives. Furthermore, Reliance is reportedly exploring a partnership with OpenAI, the creator of ChatGPT, with details potentially emerging during Sam Altman’s upcoming visit to India. Such a collaboration would add another layer of cutting-edge AI capabilities to Reliance’s arsenal, competing directly with other major players in the Indian market, such as Bharti Airtel’s partnership with Perplexity. Reliance is also integrating AI into its consumer-facing products: JioAICloud: A consumer-focused service offering 100GB of free storage, now enhanced with voice search and an AI Create Hub for turning photos into AI-powered reels and collages. It currently serves 40 million users. JioFrames: AI-based smart glasses, directly competing with Snap’s Spectacles and Ray-Ban Meta glasses, showcasing Reliance’s foray into augmented reality. JioHotstar: The streaming platform, with over 600 million users, is integrating AI features like the “Riya” voice assistant and content translation into Indian languages using AI-voice cloning and lip-syncing technology. These initiatives highlight a holistic approach to AI, touching upon infrastructure, enterprise solutions, and direct consumer applications, all driven by Ambani’s overarching strategy to make Reliance a global tech powerhouse. What Does This Mean for India’s Digital Future? The strategic alliances and ambitious plans laid out by Mukesh Ambani are nothing short of transformative for India. By establishing a robust AI backbone, the nation is positioning itself as a formidable player in the global tech landscape. This move promises: Accelerated Innovation: Access to world-class AI infrastructure and models will foster a new wave of innovation across industries. Economic Growth: The creation of new AI-powered services and solutions will drive economic growth and create numerous job opportunities for researchers, engineers, and developers. Digital Empowerment: Making advanced AI tools accessible to businesses and consumers will democratize technology and enhance digital literacy. Global Competitiveness: India’s proactive stance in AI will strengthen its position on the global stage, attracting further investment and talent. While challenges such as talent acquisition, ethical AI development, and regulatory frameworks remain, the foundational steps being taken by Reliance, Google, and Meta lay a strong groundwork. This collaboration is not merely about technological advancement; it’s about shaping India’s destiny as a leading digital economy. A Visionary Leap Towards an AI-Powered Nation Mukesh Ambani’s audacious vision to build India’s AI backbone through powerful alliances with Google and Meta marks a watershed moment. This isn’t just an investment in technology; it’s an investment in the future of an entire nation. By bringing together global expertise with local innovation, Reliance Intelligence is poised to unlock unprecedented potential, driving economic growth, fostering innovation, and cementing India’s place as a global leader in the artificial intelligence revolution. The journey has just begun, but the trajectory is clear: an AI-powered India, ready to lead the world. To learn more about the latest AI market trends, explore our article on key developments shaping AI features and institutional adoption. This post India AI Backbone Unleashed: Mukesh Ambani’s Visionary Alliance with Google and Meta first appeared on BitcoinWorld and is written by Editorial Team
According to Coinglass data, Ethereum liquidation levels indicate concentrated counterparty risk on major centralized exchanges: a decline beneath $4,200 corresponds to approximately $1.103 billion in cumulative long liquidation exposure, while
BitcoinWorld Bitcoin Price Drop: What’s Next After the Stunning $110,000 Fall? The cryptocurrency market is once again capturing headlines as Bitcoin, the leading digital asset, experienced a notable Bitcoin price drop . According to recent market monitoring by Bitcoin World, BTC has fallen below the significant $110,000 threshold. This movement saw Bitcoin trading around $109,997.99 on major exchanges like Binance, marking a crucial moment for investors worldwide. This immediate shift has sparked widespread discussion and analysis across the crypto community. What Triggered This Bitcoin Price Drop? Understanding the forces behind a sudden market shift is essential. The recent Bitcoin price drop can be attributed to a confluence of factors. While no single event is solely responsible, market analysts often point to several key influences that contribute to such volatility. Profit-Taking: After periods of upward movement, some investors opt to sell their holdings to realize gains, naturally putting downward pressure on prices. Macroeconomic Concerns: Broader economic indicators, such as inflation data or interest rate changes, can influence investor sentiment across all asset classes, including cryptocurrencies. Regulatory Uncertainty: Ongoing discussions and potential new regulations in various jurisdictions can create apprehension among investors, leading to cautious trading. Liquidation Cascades: In highly leveraged markets, a small initial dip can trigger a chain reaction of forced selling, accelerating the Bitcoin price drop . These elements combine to create a dynamic environment where prices can fluctuate rapidly. Observing these underlying causes helps us better comprehend the market’s behavior. Navigating Volatility: What Does a Bitcoin Price Drop Mean for Investors? A significant Bitcoin price drop often brings mixed reactions. For short-term traders, it can represent increased risk and potential losses. However, for long-term investors, such dips are frequently viewed as opportunities. Understanding your investment strategy is key during these periods. Challenges for Short-Term Traders: Increased Risk: Rapid price movements make precise entry and exit points harder to predict. Emotional Trading: Fear and panic can lead to impulsive decisions, often resulting in losses. Margin Calls: Traders using leverage might face margin calls, forcing them to liquidate positions. Opportunities for Long-Term Holders: Accumulation Phase: Experienced investors often see a Bitcoin price drop as a chance to buy more BTC at a lower cost, a strategy known as ‘buying the dip’. Dollar-Cost Averaging (DCA): Regularly investing a fixed amount, regardless of price, can mitigate the impact of volatility over time. Re-evaluation: Dips provide an opportunity to re-evaluate portfolio allocations and long-term goals. Therefore, while the immediate dip below $110,000 might seem concerning, its implications vary greatly depending on an individual’s investment horizon and risk tolerance. Historical Context: Is This Bitcoin Price Drop Unprecedented? History shows that volatility is an inherent characteristic of the cryptocurrency market. The current Bitcoin price drop , while significant, is not an isolated event. Bitcoin has experienced numerous substantial corrections throughout its existence, often followed by periods of recovery and new all-time highs. Consider these points: Past Market Cycles: Bitcoin’s journey has been marked by dramatic peaks and valleys. Major corrections of 30%, 50%, or even more are not uncommon. Resilience: Despite these significant downturns, Bitcoin has consistently demonstrated resilience, eventually recovering and surpassing previous price levels. Growth Trajectory: Over its lifespan, Bitcoin’s overall growth trajectory has been upward, despite frequent short-term fluctuations. This historical perspective helps put the current market activity into context. It reminds us that market corrections are a natural part of any asset’s price discovery process, especially in a nascent and rapidly evolving sector like cryptocurrency. Expert Insights on the Recent Bitcoin Price Drop What are market experts saying about this latest Bitcoin price drop ? Many analysts suggest that such corrections are healthy for the market, flushing out excessive speculation and establishing a stronger foundation for future growth. They often advise investors to focus on the long-term fundamentals of Bitcoin rather than getting caught up in short-term price movements. Key takeaways from expert views: Long-Term Value: Experts reiterate Bitcoin’s role as a decentralized, scarce digital asset with increasing institutional adoption. Market Maturation: Volatility is expected to decrease as the market matures, but it remains a significant factor for now. Risk Management: Prudent risk management, including diversification and not investing more than one can afford to lose, is always recommended. The current dip below $110,000 serves as a powerful reminder of the dynamic nature of the crypto market and the importance of informed decision-making. In conclusion, the recent Bitcoin price drop below $110,000 has undoubtedly created ripples across the crypto world. While it presents immediate challenges for some, it also highlights the market’s inherent volatility and cyclical nature. By understanding the contributing factors, navigating the implications for various investment strategies, and drawing upon historical context and expert insights, investors can approach these market movements with greater confidence and a clearer perspective. Staying informed and maintaining a long-term outlook remains paramount in the ever-evolving digital asset landscape. Frequently Asked Questions (FAQs) Q1: What does a Bitcoin price drop mean for my existing investments? A Bitcoin price drop means the value of your existing holdings has temporarily decreased. However, it does not mean a permanent loss unless you sell your assets at the lower price. Many long-term investors view dips as opportunities to accumulate more. Q2: Is now a good time to buy Bitcoin after this dip? Whether it’s a good time to buy depends on your personal financial situation, risk tolerance, and investment strategy. A price dip can present an opportunity to buy at a lower cost, but it’s crucial to conduct your own research and consider your long-term goals. This is not financial advice. Q3: How often do such significant Bitcoin price drops occur? Significant Bitcoin price drops are a regular feature of the cryptocurrency market. Bitcoin has experienced numerous corrections throughout its history, often several times a year. These are part of its natural market cycles and volatility. Q4: What are the main factors influencing Bitcoin’s price? Bitcoin’s price is influenced by a combination of factors, including market demand and supply, macroeconomic conditions, regulatory news, technological developments, institutional adoption, and overall market sentiment. These elements interact to create its dynamic price movements. Q5: Should I sell my Bitcoin if the price continues to fall? Selling during a downturn can lock in losses. It’s generally advised to avoid making emotional decisions. Revisit your original investment thesis and consider your long-term objectives. If you are concerned, consulting a financial advisor is recommended. Q6: How can I protect my investments during a Bitcoin price drop? Diversifying your portfolio, using dollar-cost averaging, setting stop-loss orders (if actively trading), and only investing what you can afford to lose are common strategies to manage risk during volatile periods. Staying informed and avoiding panic selling are also crucial. Did you find this analysis helpful? Share this article with your network to help others understand the recent Bitcoin price drop and navigate the crypto market with confidence! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Price Drop: What’s Next After the Stunning $110,000 Fall? first appeared on BitcoinWorld and is written by Editorial Team
Eliza Labs has filed a lawsuit against X Corp, accusing the Elon Musk-owned company of abusing its dominant position to suppress competition and replicate its technology. Key Takeaways: Eliza Labs has sued X Corp for allegedly abusing its platform power to copy proprietary AI technology. The suit claims X demanded a $600K annual license, then suspended Eliza’s account after refusal. Eliza alleges X used the access to replicate its no-code AI tools and suppress competition. The complaint, filed Wednesday in federal court in San Francisco, claims that X used its platform power to extract sensitive technical data from Eliza Labs before suspending the firm’s account without warning. X Corp Accused of Pressuring Eliza Labs Into $600K Annual License The filing alleges that X pressured Eliza Labs and its founder, Shaw Walters, to adopt an “Enterprise License” costing $50,000 per month, or $600,000 annually. After Eliza declined, its account, along with Walters’, was abruptly suspended. The suit claims this was part of a broader effort to eliminate competition and launch similar AI products under X’s own brand. “This case involves X Corp wielding its incredible monopoly power with perceived immunity from suit to deplatform users,” the complaint reads, adding that the company sought to “restrain competition” in the race to launch AI agents on its platform. Eliza Labs is known for elizaOS, an open-source protocol for autonomous AI agents reportedly valued at $2.5 billion. Shaw is suing X for anti competition the OG eliza repo used X’s graphQL endpoints (that our front ends query) to read and write to X. It did not use X’s paid API. The repo has been banned off GitHub but forks still live on and are functional Funny to see Elon bully him here. X… pic.twitter.com/E68UYuJUf1 — AzFlin (@AzFlin) August 29, 2025 In April, the company rolled out a no-code AI launchpad aimed at democratizing agent development for non-programmers. The lawsuit further accuses X of orchestrating a “coordinated, fraudulent, and anticompetitive effort” to gain access to Eliza’s development methods and leverage them for its own offerings. X has not publicly responded to the claims. Ethereum Gaming Network XAI Sues Elon Musk’s xAI Over Trademark Clash Last week, Ex Populus, the company behind the Ethereum-based gaming platform XAI, also filed a trademark infringement lawsuit against Elon Musk’s artificial intelligence company, xAI. The legal dispute centers on alleged marketplace confusion between Ex Populus’s federally registered “XAI” trademark and Musk’s similarly named venture, launched shortly after. Ex Populus claims Musk’s xAI crossed into its territory when he announced plans to launch an AI game studio in late 2024, amplifying confusion among consumers. The company noted instances where xAI’s chatbot Grok incorrectly referred to Ex Populus’s XAI brand as part of Musk’s operations, further blurring the line between the two. The lawsuit also cited reputational damage stemming from Musk’s controversial public persona and incidents involving xAI’s AI assistant making inflammatory remarks. Ex Populus argued that the confusion has undermined its brand identity and notes that the U.S. Patent and Trademark Office has already suspended some of Musk’s xAI trademark applications. Meanwhile, xAI has recently voiced plans to sue Apple over alleged antitrust violations, claiming the tech giant unfairly favors OpenAI’s ChatGPT in App Store rankings while suppressing xAI’s Grok chatbot. The post Eliza Labs Sues Elon Musk’s X Corp, Alleging Monopoly Abuse and Copycat AI Products appeared first on Cryptonews .
Crypto asset manager 21Shares has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tied to the SEI token. Structure and Benchmarking According to the S-1 registration filed on Thursday, the ETF will track SEI’s market value using the CF SEI-Dollar Reference Rate, developed by CF Benchmarks. The benchmark aggregates pricing data from multiple cryptocurrency exchanges, ensuring standardized valuation. Shares of the fund will be priced daily based on this index. The ETF is designed as a passive vehicle, meaning it will reflect SEI’s spot price without employing leverage, derivatives, or speculative trading strategies. Coinbase Custody Trust Company has been appointed to safeguard the fund’s SEI holdings. About the SEI Network SEI is the native asset of the Sei Network, a Layer-1 blockchain launched in August 2023. The network specializes in high-performance trading infrastructure for decentralized exchanges and marketplaces. The token serves multiple roles, including gas fee payments and governance participation, while also being considered for staking rewards. Staking and Custody Considerations 21Shares stated in the filing that the fund may eventually stake SEI to enhance returns. However, it emphasized that such a step would only be taken after evaluating potential regulatory, legal, and tax risks. While staking remains under review, the firm has not ruled out exploring liquid staking options in the future if deemed compliant. All SEI transactions related to fund operations will be handled by vetted third-party counterparties. These entities must meet standards of financial strength, regulatory oversight, and settlement reliability. Subscription and Redemption Mechanisms Authorized Participants will be able to subscribe or redeem shares either through cash or in-kind transfers. For cash transactions, a designated counterparty will convert U.S. dollars into SEI before depositing them with Coinbase Custody. In in-kind transactions, SEI tokens will be delivered directly to the Trust, which will then issue corresponding shares after deducting fees. Redemptions will return SEI or its cash equivalent, depending on the arrangement. This dual-structure approach allows flexibility while maintaining regulatory safeguards. Seed Capital and Market Launch The filing also revealed that the Sponsor has seeded the ETF with an initial purchase of two shares priced at $50 each. An affiliate of the Sponsor is expected to acquire additional seed baskets following SEC approval. Once cleared, the ETF aims to list under a yet-to-be-determined ticker symbol. While the SEI ETF will not fall under the Investment Company Act or CFTC jurisdiction, it will operate within SEC regulatory parameters. The offering, unless extended, will remain open for up to three years. Investors trading on secondary markets will incur standard brokerage fees. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
The 2025 cryptocurrency market has passed through a period of optimism. The steadiness of Bitcoin and institutional investment in crypto through the ETFs has provided an environment in which altcoins are beginning to excel. As an investor, this implies that opportunities are not limited to the market giants. Ethereum and Solana have already demonstrated their leading technology and adoption, and other new networks like SUI have been performing well in the market. With October fast approaching, investors are looking for the best altcoins to buy now, aiming to position themselves before the next big run. Analysts noted that Ethereum and Solana would bring returns with the approaching bull run. At the same time, however, lesser, yet high-potential tokens are gaining attention as well, even despite the insane potential mentioned above. One particular gem, still priced under $0.01, is turning heads for its explosive growth potential. MAGACOIN FINANCE has entered the spotlight thanks to whale activity and rising FOMO. Forecasts point to a staggering 500x upside, making it one of the most talked-about hidden opportunities heading into the final quarter of the year. Ethereum (ETH) Ethereum is the backbone of non-fungible tokens NFTs, decentralized finance DeFi and business-related blockchain applications. In 2025, Ethereum has seen a positive change in the network efficiency through scalability developments like EIP-4844 (Proto-Danksharding) and the May Pectra upgrade. These advances have decreased the costs of gas and have increased network Layer-2 speeds and Ethereum is now more appealing to developers and to organizations. Institutional adoption is on the rise, with asset tokenization using Ethereum infrastructure seeing involvement of the likes of BlackRock and other financial giants. Ether too hit a new record high of more than $4950 earlier this year and remained around $4400. The ETF inflows are soaring nonetheless, which shows that the ETH wager is not lowered by institutions. Forecasts for December 2025 indicate that Ethereum price will trade in the range between $4,100 and $5,900 with a slight probability of $7,500. Investors will insist on maintaining Ethereum as a core position with a huge upside potential. Solana (SOL) Solana has made a comeback with impressive speed and efficiency after previously failed attempts and it is now among one of the fastest and most efficient blockchains. Firedancer validator client dramatically enhanced network reliability and performance. The real-world use cases are also increasing and Solana Pay has been implemented into Shopify, which brings the possibility of retail payments worldwide. Institutional interest is also a major driver. Galaxy Digital, Multicoin and Jump Crypto are in the process of raising $1 billion to create the largest Solana treasury, already approved by the Solana Foundation. At its current price of roughly $189, Solana has managed to cross above the mark of 200 all through this week. Analysts estimate a target range of between $60 and 120 by the end of 2025, with the possible approval of the ETF and large institutional-investor in flows driving it to a higher end of that range. The use of Solana as an investment option has already remained one of the leading choices among those considering October and further. SUI In 2025, SUI has emerged as a leading Layer-1 blockchain. Its mutable architecture, that relies on the Move programming language, allows it to run in parallel and to have low latency. This renders SUI suitable for high-performance dApps and digital assets. Adoption has gained momentum in Sygnum and AMINA, which offer custody and trade of SUI, and can now reach the institutional arena via pilot-program ice-breaking offerings, including the Athens Stock Exchange. Defi is also rising, it grew by 19% in 2023 and the cross-chain alliances, such as Wormhole and OKX Wallet are providing liquidity. It is estimated to reach the terminal price of $3-$4 at the end of 2025, and some long-term outlook projections place SUI price to exceed the $10 mark. With its ecosystem gaining momentum, it is clear SUI is one of the potential Layer-1s. MAGACOIN FINANCE — Hidden Gem Under $0.01 Analysts predict Ethereum and Solana could gain 20x to 30x by year-end, but a hidden gem priced under $0.01 is drawing even bigger attention . MAGACOIN FINANCE tokens could soar over 500x in value and the whales have already quietly been buying their position early, locking themselves into this before the masses wake up to what they have missed. With the visible rise in the bullish sentiment and the heightening of the FOMO, it is being celebrated as one of the best altcoins to buy in October 2025 . Unlike the bigger players, MAGACOIN’s appeal comes from its early-stage growth potential. Investors consider it an opportunity to enter the market at the bottom before the rest of the market does so, similar to the initial days of PEPE or SHIB. The excitement around MAGACOIN shows that investors are willing to diversify beyond established names, especially when the upside could be life-changing. Analysts Rank MAGACOIN FINANCE a Leading Crypto Presale for 2025 MAGACOIN FINANCE is often featured in analyst watchlists as one of the top crypto presales for 2025 , and for good reason. The team’s commitment to full transparency — including public audits and KYC verification — builds unmatched trust. These fundamentals give investors peace of mind and separate the project from unverified alternatives in the market. Final Take Ethereum, Solana, and SUI all provide solid fundamentals, institutional support, and burgeoning ecosystems, which makes them solid bets this month. Their upgrade efforts, their integration, and increased use promise to keep them at the center of the broader crypto market offering stability and growth to investors. These three are the must-haves of those who want safer investments that will steadily increase over time. MAGACOIN FINANCE is, however, a different kind of opportunity. The altcoin has a low entry price and projections that could see it have a potential 500x increase , a figure that few coins in 2025 can offer. Whales are setting up early, and when history repeats itself, the whole market will follow. For risk-tolerant investors, MAGACOIN may just be the hidden gem worth watching most closely this year. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: 5 Best Altcoins to Buy Before October 2025 — Ethereum, Solana, SUI and a Hidden Gem Under $0.01
BitcoinWorld Cango BTC Mining: Auto Giant Unveils Impressive 153 BTC Haul This Week The cryptocurrency world is buzzing with news from Cango, the prominent Chinese auto trading service platform. This week, Cango unveiled an impressive milestone in its Cango BTC mining operations, successfully mining a total of 153.2 Bitcoin. This significant haul underscores the company’s growing presence and strategic commitment to the digital asset space. What Drives Cango’s Remarkable BTC Mining Success? Cango’s journey into large-scale Bitcoin mining began with a substantial investment. The company previously acquired a staggering $256 million worth of BTC miners from industry giant Bitmain. This strategic move signaled a clear intent to diversify its business model and tap into the lucrative world of cryptocurrency production. Furthermore, Cango’s consistent performance highlights the efficiency and scale of its current Cango BTC mining infrastructure. This week’s 153.2 BTC adds to an already considerable portfolio. It demonstrates a robust and well-managed operation, capable of consistent output. The commitment to such a large-scale endeavor also positions Cango as a serious player in the global Bitcoin ecosystem. Why Are Cango’s Bitcoin Holdings So Significant? Perhaps even more telling than the weekly mining figures is Cango’s current holding strategy. The company announced it made no sales during this period, bringing its total Bitcoin reserves to an astounding 5,126.8 BTC. This decision to hold, rather than sell, speaks volumes about Cango’s long-term outlook on Bitcoin’s value. Such substantial holdings have several implications: Asset Base: They provide Cango with a significant asset base, offering potential for future growth as Bitcoin’s value fluctuates. Market Confidence: By accumulating these assets, Cango showcases confidence in the cryptocurrency market’s trajectory. Sentiment Influence: This approach also influences broader market sentiment, as large institutional players like Cango signal their belief in Bitcoin’s enduring worth, impacting overall perceptions of Cango BTC mining and investment. The Mechanics of Large-Scale Cango BTC Mining Operating a large-scale Bitcoin mining facility requires sophisticated infrastructure and considerable resources. Companies like Cango invest heavily in specialized hardware, known as ASICs (Application-Specific Integrated Circuits), which are designed to solve complex computational problems required to validate transactions and mine new Bitcoin. These operations also demand significant energy consumption and efficient cooling systems to maintain optimal performance. For Cango, the strategic acquisition of Bitmain miners provides access to cutting-edge technology. Managing these resources effectively ensures consistent output and profitability. While challenges like fluctuating energy costs and hardware maintenance exist, the rewards, as seen in Cango’s weekly Cango BTC mining results, can be substantial. What Does Cango’s Strategy Mean for the Crypto Market? Cango’s decision to accumulate Bitcoin rather than sell immediately offers an interesting perspective on institutional investment trends. When major entities like Cango choose to hold their mined BTC, it reduces the available supply on exchanges, which can, in theory, exert upward pressure on prices over time. This strategy aligns with a long-term, “hodling” mentality often seen among seasoned crypto investors. For individual investors, observing such institutional moves can provide valuable insights. It suggests that large players anticipate future appreciation for Bitcoin. Therefore, understanding the strategies of companies involved in Cango BTC mining can help inform personal investment decisions and market analysis. This ongoing accumulation by Cango highlights a broader trend of institutional adoption and confidence in digital assets. In conclusion, Cango’s consistent and impressive Cango BTC mining performance, coupled with its strategic decision to accumulate rather than sell, firmly establishes it as a significant entity in the cryptocurrency landscape. The company’s substantial Bitcoin holdings reflect a bullish long-term outlook and provide a compelling example of institutional commitment to digital assets. As the crypto market evolves, Cango’s actions will undoubtedly continue to be a focal point for observers and investors alike, showcasing the potential for traditional businesses to thrive in the decentralized economy. Frequently Asked Questions (FAQs) What is Cango’s primary business? Cango is primarily a Chinese auto trading service platform that has diversified its operations into cryptocurrency mining. How much Bitcoin did Cango mine this week? Cango announced it mined 153.2 Bitcoin (BTC) this week. What is Cango’s total Bitcoin holding? As of their latest announcement, Cango holds a total of 5,126.8 BTC, having made no sales this past week. Why is Cango holding onto its mined Bitcoin instead of selling it? Cango’s decision to hold its mined Bitcoin suggests a long-term bullish outlook on Bitcoin’s value, indicating confidence in its future appreciation. How does Cango’s Bitcoin mining operation impact the crypto market? When large entities like Cango accumulate Bitcoin, it can reduce the available supply on exchanges, potentially influencing market sentiment and price dynamics by signaling institutional confidence. Did Cango’s impressive Cango BTC mining figures catch your eye? Share this article with your network to spread the word about institutional crypto adoption and spark a conversation about the future of digital assets! To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Cango BTC Mining: Auto Giant Unveils Impressive 153 BTC Haul This Week first appeared on BitcoinWorld and is written by Editorial Team