Decentralized AI startup Nous Research has secured a $50 million investment from venture capital firm Paradigm. Blockchain firms have historically struggled to compete in the AI space, but that may soon change. On Friday, April 25, venture capital firm Paradigm announced a $50 million investment in an AI startup, Nous Research. The company will use the funds to build a decentralized AI model on Solana (SOL) . The project plans to train its own open-source large language models, serving as an alternative to OpenAI’s ChatGPT and Meta’s Llama. While the models are still in the testing phase, Nous Research has already published several influential research papers, including one on training LLMs with GPUs that are not located in the same place. What if you could use all the computing power in the world to train a shared, open source AI model? Preliminary report: https://t.co/b1XgJylsnV Nous Research is proud to release a preliminary report on DisTrO (Distributed Training Over-the-Internet) a family of… pic.twitter.com/h2gQJ4m7lB — Nous Research (@NousResearch) August 26, 2024 Nous Research team is ‘crypto native,’ cofounder says Nous Research aims to leverage the Solana blockchain to run the decentralized computing network needed to train its LLMs. Instead of relying on a single data center, the platform will allow anyone to contribute their idle GPU power to help train the models. In return, contributors will earn tokens as a reward. “We think of the incentive mechanism behind crypto to push people to actually utilize their idle compute less as a donation but more as a transaction,” said Nous Research co-founder Karan Malhotra. You might also like: Reclaiming the future: Breaking the AI monopoly starts with data ownership | Opinion Malhotra acknowledged the widespread skepticism around AI and crypto. In particular, he noted that many crypto projects are driven by hype and said there is “a lot of room for grift.” However, he emphasized that their research supports blockchain’s real use case in decentralized training. The Series A round puts Nous Research’s valuation at $1 billion, financed almost exclusively by Paradigm. The company had previously raised $20 million from investors including Distributed Global, North Island Ventures, and Delphi Digital. You might also like: Big Tech is too big to win the AI future | Opinion
Dubai, UAE, April 25th, 2025, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is taking center stage as a Gold Sponsor of TOKEN2049 Dubai , one of the most influential Web3 industry conferences shaping the global digital assets landscape. This strategic involvement underscores Bybit’s unwavering leadership in the blockchain space and its commitment to delivering real-world utility through cutting-edge crypto solutions. Hosted at the prestigious Madinat Jumeirah from April 30 to May 1, TOKEN2049 Dubai is expected to attract over 15,000 participants from more than 160 countries — including industry pioneers, innovators, regulators, developers, and institutional investors. Bybit’s involvement goes beyond sponsorship. It reflects the company’s ongoing commitment to advancing industry knowledge, regional growth, and community empowerment. TOKEN2049 offers a unique platform for idea exchange, innovation, and meaningful dialogue — a vision that closely aligns with Bybit’s mission. “TOKEN2049 is where the brightest minds in crypto come together, and Bybit is proud to contribute our voice to this global conversation,” said Ben Zhou, co-founder and CEO of Bybit. “We are here to share, support, and build. We believe in the power of community. This event is a great platform for Web3 market participants to collaborate, grow, and strengthen the crypto trading industry together.” A milestone for Bybit Pay: crypto payment utility in action One of the most exciting highlights of TOKEN2049 is the debut of Bybit Pay’s real-world utility in Dubai at a live event setting. For the first time, attendees can experience how effortless crypto payments can be — they can simply sign up for Bybit Pay, show their pay account at the Barista Bar, and enjoy a free cup of coffee. Additionally, visitors can also scan the QR code at the Bybit booth, post about their experience on X, and claim a free coffee. It’s a delicious way to explore how crypto is going mainstream, one cup at a time. Bybit Pay was first introduced in Brazil, where it began transforming the payments landscape by bridging fiat and crypto in a seamless, intuitive way. Bybit’s solution is a next-generation payments platform designed to simplify the transaction experience and unlock new efficiencies for both consumers and businesses. Bybit at TOKEN2049 Week Beyond the main event, Bybit is curating an entire TOKEN2049 Week (April 28–May 2) experience filled with important industry side events, keynotes, workshops, demos, and private roundtables — all designed to empower the Web3 community and foster global collaboration - accelerating blockchain innovation and crypto adoption - worldwide Key highlights include: Flagship Booth Experience (Booth P33) – Attendees can explore Bybit’s latest Web3 innovations in trading, payments, and community engagement. The booth will serve as an interactive hub, showcasing the exchange trading platform’s most powerful innovative features and newest products. Keynote Address – Bybit Co-founder and CEO Ben Zhou will share his perspective on AI evolution in crypto trading and the path forward for crypto and Web3 adoption worldwide, at TOKEN2049 Dubai . Curated Side Events – In addition to the main conference, Bybit is curating a full slate of side events during TOKEN2049 Week, designed to foster Web3 dialogue, share insights, and support every corner of the crypto ecosystem. The week will kick off with Crypto Hub x Bybit Crypto Ark Demo Day (April 28), where builders and innovators gather for hands-on product showcases, networking, and community-led discussions hosted at Bybit’s Dubai office. That same day, DMCC x VARA policy roundtable brings regulators and industry leaders together to explore the balance between innovation and compliance in the UAE’s digital asset space. Later in the evening, Bybit’s VIP + Financial Product Workshop offers a private networking session for top crypto traders and blockchain partners to discuss strategic investment tools and premium offerings. On April 29, affiliates gather for the Bybit Exclusive Meetup to exchange crypto trading strategies and connect with Web3 product managers, followed by the Wunderbit x Bybit bot trading workshop, which dives into the real mechanics — and risks — of automated trading. The RWA Gulf Summit 2025 the same day features institutional voices from finance and banking exploring tokenized real-world assets, with Bybit’s Jerry Li addressing yield opportunities on centralized exchanges. Bybit Pay: Life is Paid Bit Bybit (May 1) offers an insider look at upcoming crypto payment tools and merchant features. This TOKEN2049 Week culminates with Bybit Institutional Symposium (May 2) - gathering institutional customers and ecosystem partners for a day of macro strategy, deep dives into product roadmaps, and new collaboration opportunities — ending with a gala dinner to celebrate a transformative week for the crypto industry in Dubai. These important Web3 gatherings are designed to drive dialogue, share insights, accelerate innovation, and deepen connections across the industry. Bybit’s active participation underscores its broader mission to support crypto adoption through education, infrastructure development, and collaborative innovation. As Dubai strengthens its position as a global hub for digital assets, Bybit is proud to contribute to the conversation — supporting the ideas, people, and technologies shaping the future of finance. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YouTube ContactHead of PRTony AuBybitmedia@bybit.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
The post Here’s When Altcoins Like XRP, ADA and DOGE Will Rally appeared first on Coinpedia Fintech News The crypto market is consolidating after a strong rally earlier this week, with Bitcoin holding above $94,000. Although some altcoins experienced a pullback during the market-wide corrections, Dogecoin, Solana and ONDO have stood out with impressive gains. DOGE is up over 3%, while SOL and ONDO are up over 3% and 11% respectively. XRP and ADA have also posted gains of over 6% and 16%, respectively, over the past week, showing strong potential. Analyst Ash crypto believes that an altcoin season is coming, citing several key indicators. In his latest analysis, he said that the altcoin market cap is bouncing back from the $835 billion support level, like it did in Q1 and Q4 of November, likely setting the stage for another rally. Historical data shows that similar market set ups in March and November 2024 have led to successful altcoin seasons. This could mean that the Q2 2025 could be a promising period for altcoins. WHY I BELIEVE ALTCOIN SEASON IS HAPPENING SOON? – Altcoin market cap is bouncing off $835B support, like in Q1 & Q4 2024. – We've seen 2 altseasons from similar setups (March & Nov 2024). – Q2 2025 could bring the next wave. -"OTHERS" (alts outside top 10) are leading the… pic.twitter.com/Ta7T8vcjW1 — Ash Crypto (@Ashcryptoreal) April 24, 2025 Macroeconomic Factors Show Positive Signs Furthermore, altcoins outside the top 10 are currently leading the charge, a trend seen in previous rallies. The macroeconomic sentiments are further supporting the bullish outlook. The three month tariff pause and the ongoing negotiations are making room for growth. With the Quantitative Tightening (QT) easing, there could be potential Fed rate cuts that could fuel altcoin growth. Besides, multiple altcoin ETFs have been filed and the approvals could further boost altcoins. Analyst Michaël van de Poppe also shared that crypto just had its longest bear market, and now a huge bull run is likely starting, with altcoins set for massive gains. The CMC Altcoin Season Index is currently at 15 which shows that Bitcoin is still dominating the market with 63.5% of the market share. The crypto fear and greed index currently stands at 52, signaling a neutral sentiment among investors.
Dogecoin (DOGE) is losing footing as bearish sentiment creeps into its lower time frames, with a death cross now forming on the hourly chart. Still, this may not be the straw that breaks the camel’s back. DOGE has had a strong weekly showing, notching a 17% gain to reclaim the $0.18 level and riding high on renewed market optimism. Risk-on sentiment has returned following de-escalations in the US-China trade war and Trump’s concession to the Fed, and DOGE has been among the top altcoins reaping fresh retail liquidity. Is This the Straw That Broke the Camel’s Back? When the MACD slips below the signal line in a death cross, it often signals a shift in momentum as buyers lose dominance. However, options data suggests Dogecoin may still have fight left in it. Despite the bearish signal, the 4-hour Long/Short ratio remains bullish at 1.97, with 66.3% of traders still backing a price increase, according to Coinalyze data . Sentiment hasn’t fully flipped, and with open interest also up 1.97% over the period, the reversal could be snubbed before it gains traction as a broader downtrend. DOGE Price Prediction: Is a Reversal Coming? Dogecoin remains on a breakout path, closing in on the upper resistance of the descending channel that’s shaped its multi-month downtrend. DOGE / USDT 3-day chart, descending channel. Source: TradingView / Binance. The meme coin has now cleared the 20SMA, which had blocked its upside during Thursday’s trading, opening the door for a 45% move toward the $0.25 resistance. An upwards move seems credible as momentum indicators become increasingly bullish. The 3-day MACD is widening its lead above the signal line after flipping positive for the first time since the post-election rally—a strong signal that this uptrend has staying power. That said, the RSI has plateaued at 45, just shy of neutral—suggesting higher timeframes haven’t fully shifted bullish yet. If buying pressure can hold, a breakout could trigger a run to $0.48, marking a potential 160% gain from current levels. This Viral AI Meme Coin Could Be the Biggest Winner of the Bull Run The altcoin market is pumping right now, and sidelined investors are missing out on substantial gains as most coins loom far below their highs just four months ago. That’s where MIND of Pepe ($MIND) steps in, giving traders a chance to get in early and stay ahead of high-gaining opportunities. The MIND of Pepe AI will actively engage with the crypto community through X —driving conversations, uncovering alpha opportunities, and delivering exclusive, token-gated insights. Inside its Telegram community , holders get early access to high-potential tokens before they hit the market, keeping them ahead of the curve. At the time of writing, MIND has raised over $8.25 million in its ongoing presale , capitalizing on the Pepe brand and one of this cycle’s strongest meme coin narratives: AI agents. You can keep up with MIND of Pepe on the mentioned socials, or join the presale on the MIND of Pepe website . The post Dogecoin Price Flashes Death Cross – But Is a Surprise Reversal Coming? appeared first on Cryptonews .
Canada’s regulators are sounding the alarm as a new wave of financial scam emerges at the intersection of artificial intelligence (AI), crypto, and a volatile geopolitical climate. According to a local report , the Ontario Securities Commission (OSC), the country’s top securities watchdog, has raised concerns about a “massive surge” in online scams that utilize AI-generated deepfakes and fake crypto trading platforms to deceive investors and siphon off millions. During the annual OSC Dialogue in Toronto, CEO Grant Vingoe and Executive VP of Enforcement Bonnie Lysyk described an increasingly lawless digital environment where scammers exploit unstable global conditions, weak regulations, and powerful tech tools to commit fraud on an industrial scale. Their warnings come amid growing public interest in crypto and regulators struggling to keep pace. In 2023, Canadians reported a staggering $648 million in fraud-related losses, and regulators fear that is only the tip of the iceberg. Victims are targeted through AI-enhanced impersonations of loved ones, fraudulent crypto platforms, and even elaborate online relationships that end in financial ruin. The OSC is inundated with fraud cases, receiving over 2,000 files in just 18 months. A New Kind of Scam: Deepfakes, Romance, and Crypto Deception Today’s fraudsters are utilizing cutting-edge technologies, such as generative AI, to create audio and video deepfakes that convincingly impersonate family members or trusted contacts. A 2024 @chainalysis report reveals that cryptocurrency scams defrauded victims of at least $9.9 billion, with AI-powered fraud and pig butchering scams surging by 40%. #CryptoScams #CryptoFraud #AI https://t.co/Mt5c5XXmOL — Cryptonews.com (@cryptonews) February 13, 2025 These tools are being weaponized to orchestrate devastating scams that can ruin lives in a matter of days. Some schemes are so elaborate that they involve grooming victims through long-term online relationships, slowly building trust before executing the final deception. One major initiative, Operation Avalanche , involved collaboration between the OSC, several provincial regulators, law enforcement agencies, and blockchain analytics firm Chainalysis. Over two days in March, officials tracked compromised Ethereum wallets and warned 89 investors that their assets were at risk. Although proactive, such operations often arrive too late, as the anonymous and borderless nature of blockchain transactions makes asset recovery extremely challenging once funds have been moved. To better respond to these evolving threats, the OSC aims to expand its partnerships with local and international law enforcement agencies and refine its asset-tracing capabilities. Balancing Regulation and Innovation While the OSC doubles down on enforcement, industry leaders warn that heavy-handed regulation may drive away legitimate actors. Coinbase, one of the world’s leading crypto exchanges, recently issued a bold statement ahead of Canada’s upcoming federal election . In the report, Lucas Matheson, Coinbase’s Canadian country director, emphasized that without clear, innovation-friendly regulations, Canada could risk losing its edge in the global digital asset race. According to Matheson, Canada already has a strong foundation in crypto, with roughly five million Canadians owning digital assets. @coinbase warns Canada risks losing its global economic edge without crypto reforms, urging innovation-friendly regulations to harness the potential of digital assets and maintain competitiveness. #canada #crypto https://t.co/xy66i2EN0L — Cryptonews.com (@cryptonews) March 27, 2025 Surveys show overwhelming support for financial modernization, with 86% of Canadians saying the system needs reform, 80% finding it unfair, and 76% believing it’s outdated. Coinbase argues that stricter rules have already caused some exchanges to exit Canada, primarily due to unclear policies around stablecoins and a burdensome pre-registration process. To fix this, Coinbase proposes a detailed roadmap for the next federal government, including the creation of a national crypto strategy task force, the establishment of a government Bitcoin reserve, and regulations to support staking, crypto banking, and the development of AI-powered data centers. Canada becomes the first in North America to approve spot Solana ETFs with staking support, and trading is set to begin April 16. #SolanaETF #Canada https://t.co/nbsSS4fR71 — Cryptonews.com (@cryptonews) April 15, 2025 In the meantime, Canada has taken a significant step forward by approving North America’s first spot Solana ETFs with staking functionality . Approved by the Ontario Securities Commission, these ETFs will allow investors to earn staking rewards directly through the fund while holding physical Solana. Looking forward, the mix of these developments indicates that while regulators are cracking down on fraud, they are also open to innovation, provided it’s well-supervised. The post Canada’s Regulator Warns of Rising Investor Threat as AI Deepfakes Fuel Crypto Scam appeared first on Cryptonews .
In a significant turn of events for the crypto community, the SEC has moved to dismiss its lawsuit against Dragonchain, previously labeled an unregistered securities offering. This decision comes after
Bitcoin Struggles for Stability Amid Bullish Sentiment: A Comprehensive Analysis Bitcoin, the world’s leading cryptocurrency, is making headlines as it hovers around its highest price levels in nearly two months,
The Ethereum price has been under pressure this year, having dropped by 56% from its November high. Ethereum’s ( ETH ) performance has been worse compared to other top cryptocurrencies like Bitcoin ( BTC ) and Solana ( SOL ). In fact, Ethereum has dropped to a record low against SOL, and is hovering at its 2020 lows against BTC. This performance has led some investors and analysts to question whether Ethereum is dead. In a YouTube video on Thursday, Charles Hoskinson, Cardano’s ( ADA ) founder, predicted that Ethereum wouldn’t be around in the next 15 years. He pointed to the growth of layer-2 networks like Base, Optimism, Arbitrum, and Polygon, which have continued to gain market share. These chains have largely taken users from Ethereum, a chain known for slow speeds and high transaction costs. You might also like: Investors can turn to stocks as Bitcoin nears range top, analysts warn However, a closer look at top network data reveals that Ethereum is far from heading to its demise. Its decentralized exchange protocols handled over $57 billion in volume over the last 30 days, making it the second-biggest chain after Solana, whose protocols handled $61.3 billion in the same period. Ethereum is also the biggest chain in terms of total value locked. It has a TVL $107 billion, giving it a 57% market share. Its stablecoin market cap of $124 billion represents a 51% market share. It remains the biggest chain in the non-fungible token industry as well. Additionally, Santiment data shows that the number of Ethereum holders has continued rising. It now has over 144.8 million holders, up from 130 million in October last year. Furthermore, the five-year Mean Dollar Invested Age has increased to 658, indicating that older holders are not selling. ETH holders and MDIA | Source: Santiment Ethereum technical analysis: $2150 is the key price to watch ETH price chart | Source: crypto.news The daily chart shows that ETH price has bounced back after bottoming at $1,383 earlier this month. It has rebounded to $1,787, its highest level since April 6. The coin has moved above the upper boundary of the falling channel that had formed since last November. It has also jumped above the 25-day moving average and formed a small bullish flag pattern. The Awesome Oscillator is about to move above the zero line. It jumped above that level lastly in November, triggering a 40% jump. Therefore, the key Ethereum price level to watch will be at $2,150, the lowest point in August and September last year. A break above that level will signal more gains, potentially to $3,000. Failure to move above that level is risky because it will signal a break-and-retest pattern, which would indicate further downside. You might also like: PENGU price breaks out with 40% surge, eyes $0.015 ahead of potential ETF approval
The SEC originally filed its complaint against Dragonchain in August 2022, claiming that it conducted unregistered securities offerings.
As the meme coin hype cools and smart money repositions for the next breakout, DOGECOIN (DOGE) appears to be losing its grip on market momentum. Once the loudest name in speculative crypto, DOGE is now facing a familiar pattern: rotating capital, lower volume, and impatient holders seeking stronger ROI. Enter MAGACOIN FINANCE — a rising altcoin that’s quietly capturing the attention of Ethereum and Solana investors who missed the first wave of 10x gains and are now preparing for the next leg up. Why Dogecoin Is Losing Steam DOGE has always thrived on internet virality and cultural moments. But as institutional capital enters crypto and altcoin investors demand realistic upside, the speculative edge of DOGE is no longer as sharp. With limited development, no capped supply, and few utility upgrades, DOGE is now seen by many as a nostalgic hold, not a growth driver. While it still enjoys name recognition, DOGE’s price action in recent months reflects what it truly is — a legacy meme, not a future-ready altcoin. MAGACOIN FINANCE: The Fresh Contender in the Altcoin Arena MAGACOIN FINANCE brings what DOGE lacks today: Exclusivity (available only via magacoinfinance.comn Tight early-stage supply (built for massive token scarcity) Viral branding and community-led growth While DOGE rode the 2021 meme wave, MAGACOIN FINANCE is engineered for 2025 dynamics — where positioning early in explosive low caps is key to building 7-figure returns. Why Ethereum and Solana Investors Are Paying Attention Ethereum whales and Solana DEX traders are notorious for catching breakout altcoins early. Right now, they’re not talking about DOGE. They’re watching MAGACOIN FINANCE — a project that’s still flying under the radar but showing all the signs of pre-viral ignition: Organic community engagement Aggressive upside metrics Under $0.007 entry price No centralized exchange listings yet This setup is familiar to seasoned traders who’ve seen coins like PEPE, BONK, and even SHIBA INU skyrocket — but unlike those, MAGACOIN FINANCE comes with a clear investor funnel, brand consistency, and controlled launch timing. Could MAGACOIN FINANCE Deliver the Next 35x Play Before Q3? As we approach Q3, traders are shifting from safe blue chips to high-risk, high-reward altcoins. And MAGACOIN FINANCE checks every box for a breakout candidate: Fresh narrative Hyper-targeted community Presale demand still climbing Tokenomics built for viral price movement While DOGE battles consolidation and a lack of next steps, MAGACOIN FINANCE is moving fast, gaining momentum, and staying off the radar — for now. Final Word: The Rotation Is Already Happening If history repeats itself, DOGE may pump again. But the bigger story right now is where that liquidity is going next — and it’s clearly pointing to MAGACOIN FINANCE. Smart traders aren’t waiting. They’re getting in before Q3, before listings, and before the mainstream catches on. Get your tokens exclusively at: Website: https://magacoinfinance.com X/Twitter: https://x.com/magacoinfinance Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.