At present, the most hyped collaboration is between Artificial intelligence and cryptocurrency, as traders flock to AI cryptos for profits. Two specific cryptos made one trader a multi-millionaire after they gave multiple-fold returns, bringing the total profit to $37M and counting. Let’s look at this crypto investor’s portfolio and what crypto tokens made him a multi-millionaire. ai16z and Fartcoin Crypto Tokens Made $37M For Crypto Investor The crypto investor made massive gains on the two most popular AI cryptos , ai16z and Fartcoin, where the former made 6,400x returns, whereas the latter made 1,490x returns. The investor has made $37M with two crypto tokens, showcasing impressive trading skills and strategies. Lookonchain data reveals that the crypto trader spent 18 SOL, equivalent to $3,000, on buying 9.16 million ai16z tokens. The trader still holds most of these holdings, selling only 1.32 million tokens for $1.71 million and keeping $17.26 million in unrealized profits. Thus, this ai16z investment profits total $19 million. On the other hand, the trader spent $12.2k and bought $17.31M in Fartcoin, which was also profitable. The trader sold 6.71M tokens, grabbing $5.4M, and still holds $12.83M worth of tokens in unrealized profits, bringing total Fartcoin profit to $18M. The crypto investor demonstrates unmatched crypto trading skills, earning $37M from two AI cryptos. However, this investor’s crypto portfolio contains many tokens and millions in unrealized profits. Trader’s ROI Turns 89% With These Crypto Tokens The crypto trader made $37.21M in ai16z and Fartcoin, but there were many more investments in other tokens. It includes many low-cap tokens and constant buying of new tokens. Despite the risk, the trader’s ROI for the last month is 89% and $0.5M in unrealized profits, boosting impressive crypto trading skills. In the last few days, the crypto trader has added eef, DEAL, OPAIUM, and many others, presenting a stellar track record in investing. The biggest stake in these newly bought tokens is in the OPAIUM tokens, for which the trader spent 400 SOL, equivalent to $86k. What’s The Lesson Here? This crypto investor stands out after making $37M in profits within a few months. In this profit milestone, ai16z and Fartcoin are the biggest contributors. Trader identified these low-value AI cryptos when they had not gained traction. Additional trading approaches include a diversified portfolio, large investments, and long-term holdings. As a result, these low-cap crypto tokens made this crypto trader a multi-millionaire. However, not all turns this successful, as one trader lost $60k in just two hours after succumbing to FOMO. More importantly, many such tokens are risky, especially the newly launched ones, which often face rug pull and other hidden scams. Investors should stay careful and aware of market trends and run proper research and technical analysis before investing in any crypto to ensure safety and profits. The post How Two Crypto Tokens Made This Investor A Multi-Millionaire? appeared first on CoinGape .
Illuvium has partnered with Virtuals Protocol to revolutionize NPC behavior in its Overworld game using advanced AI frameworks. Announced on January 7, this collaboration aims to replace static, pre-scripted NPCs with intelligent, adaptable AI agents capable of real-time interaction and evolving personalities. Overworld, Illuvium’s flagship game launched in July 2024 , will now feature NPCs that respond dynamically to player actions, creating unique and context-aware gameplay experiences. Virtuals Protocol, known for its decentralized platform allowing users to create, own, and monetize AI agents, will integrate its G.A.M.E LLM (Large Language Model) technology into Illuvium. This innovation means NPCs will no longer follow predictable scripts but instead react organically to players’ choices, emotions, and behaviors. Virtuals provided an example to illustrate the transformation. Imagine entering a virtual bar where the bartender is no longer a scripted character but an AI agent with desires and emotions. If you insult his wife, he may become aggressive; if you offer thoughtful gifts, he might share valuable secrets. Every interaction shapes the character's behavior and potentially the entire game world. Beyond individual interactions, these AI agents have the potential to transcend specific games. Virtuals highlighted their adaptability across platforms, explaining that an AI agent could assist you in defeating a boss in Elden Ring , help you construct a shelter in Minecraft , or even advise you on strategies in Dota . These agents are not just reactive; they evolve through shared experiences, becoming more personalized companions. Illuvium CEO Kieran Warwick expressed excitement about the collaboration, calling Virtuals' AI technology "truly at the bleeding edge." He emphasized that this partnership will set a new standard for immersive gaming in the GameFi sector. The integration of AI agents into Illuvium promises infinite content and replayability . With NPCs capable of unique responses and storylines that adapt to player choices, the gaming experience becomes limitless. From dynamic interactions to evolving narratives, this partnership signals a future where every gameplay session feels fresh and unpredictable.
In a move to bolster its presence in the European market, Backpack Exchange, a crypto trading platform established by former employees of Sam Bankman-Fried’s FTX and Alameda Research, has acquired the European entity of the defunct FTX exchange for $32.7 million. As earlier reported by Bloomberg, this acquisition aims to expand Backpack’s derivatives offerings in a region where the regulated crypto derivatives market is increasingly gaining traction. FTX EU’s Bankruptcy Claims Transferred FTX EU was one of the units that fell under bankruptcy proceedings following the collapse of the exchange in 2022. As part of the acquisition deal, Dubai-based Backpack will assume responsibility for distributing court-approved bankruptcy claims totaling approximately €53 million ($55 million) to affected FTX EU customers. The FTX estate had previously pursued legal action to recover millions from the original owners of FTX EU. However, this lawsuit was ultimately dropped as part of a settlement that facilitated the sale of the unit to its co-founders, Patrick Gruhn and Robin Matzke, who then sold it to Backpack. This acquisition is particularly noteworthy as FTX EU holds a MiFID II license, allowing it to offer crypto derivatives trading within the European Union. The transaction has received approval from the Cyprus Securities and Exchange Commission, paving the way for Backpack to operate legally in the region. Armani Ferrante, the CEO of Backpack, emphasized that returning funds to customers is the company’s “top priority” following the acquisition. In an interview, he stated, “We will not serve a single user, not serving a single trade in the EU until we have the ability to return customers’ funds.” A Rising Star In Crypto? Founded in 2022, Backpack has already made a mark in the industry. Ferrante, who previously worked at Alameda Research and played a pivotal role in developing the Solana blockchain , brings valuable experience to the table. Co-founder Tristan Yver also has a background as a former executive at FTX. Backpack secured a virtual-asset service provider license in Dubai and is currently pursuing a license to operate in Japan, having raised $17 million last year at a valuation of $120 million. With the acquisition of FTX EU, Backpack is positioned to offer regulated crypto derivatives products, including perpetual swaps— futures contracts that do not expire—across the European Union. The regulated crypto derivatives market in Europe has become increasingly appealing to various crypto firms, as evidenced by Coinbase Global Inc.’s recent acquisition of a Cyprus-based brokerage unit, which also secured a MiFID II license. “Derivatives make up an enormous amount of crypto trading volume,” Ferrante remarked, expressing enthusiasm for the opportunity to reintegrate crypto derivatives trading in the EU. As the market evolves, firms like Backpack are poised to play a crucial role in shaping the future of crypto trading by offering innovative and regulated products that cater to the growing demand. At the time of writing, FTT, the defunct exchange’s native token, is trading at $3, following the broader market correction with a drop of nearly 11%. Featured image from DALL-E, chart from TradingView.com
FXGuys, Dogecoin, and Stellar emerge as top picks for 2025, with FXGuys projecting 100x gains and DOGE targeting a breakout at $0.40. #partnercontent
Multicoin Capital envisions a groundbreaking 2025, with artificial intelligence (AI) agents at the forefront of innovation. Their latest report, “Frontier Ideas for 2025,” highlights trends that could redefine industries, particularly zero-employee companies and advancements in crypto trading. Zero-employee companies are a bold concept expected to gain momentum. These businesses will rely on AI agents capable of thinking, planning, executing, and self-correcting without constant human involvement. According to Multicoin Capital analyst Kyle Samani, while these AI models may initially require human oversight to manage errors and limitations, their autonomy will improve with advances in self-correction and expanded context capabilities. Over time, human input will significantly diminish. Decentralized autonomous organizations (DAOs) will govern these companies, ensuring transparency and efficiency, while crypto capital markets will fund their operations. Industry leaders echo this vision. OpenAI’s advancements, Nvidia CEO Jensen Huang’s praise for AI as the next workforce evolution, and Sam Altman’s predictions all point toward AI agents reshaping how businesses operate. These developments suggest AI-driven innovation is accelerating at an unprecedented pace. AI agents will also transform crypto trading in 2025. While they were primarily used for generating content and boosting social media engagement in 2024, their role is evolving rapidly. A standout trend is the rise of “Alpha Hunters,” AI agents designed to identify and capitalize on trading opportunities . These agents will specialize in navigating decentralized exchanges (DEXes), which are poised to outpace centralized exchanges (CEXes) due to the latter’s slower listing processes. As the number of tokens and DEX activity grows, traders will increasingly rely on sophisticated AI tools to uncover emerging tokens, assess sentiment, and analyze on-chain data. Vishal Kankani, another Multicoin Capital analyst, notes that DEXes will gain market share in 2025, creating a critical need for advanced trading solutions. Alpha Hunters will not only execute trades but also mitigate risks, such as rug pulls, by scanning markets in real-time. In summary, 2025 will witness a seismic shift as AI agents revolutionize industries, enabling zero-employee companies and transforming crypto trading. These tools promise to redefine efficiency, governance, and risk management, making them indispensable in the coming era.
The post Bitfinex Moves Derivatives to El Salvador After Winning Digital Asset License appeared first on Coinpedia Fintech News El Salvador is one of the prominent crypto-friendly countries . It is the first in the world to make Bitcoin a legal tender . In 2023, it introduced a revolutionary law, called the Digital Assets Securities Law, boosting its efforts to become the global crypto hub. Recent developments indicate that many crypto companies are keen to benefit from the pro-crypto environment in the Central American country. Interestingly, Bitfinex has moved its derivatives arm from Seychelles to San Salvador as it has won a Digital Asset Service Providers license. Let’s dive into the details of this crucial move. Ready? Bitfinex Derivatives Moved to El Salvador In an official statement released to the media, Bitfinex Derivatives has acknowledged the rumours of its relocation from Seychelles to El Salvador. It has also confirmed the report that its DASP licence request has been approved by the Central American country. El Salvador’s Crypto-Friendly Framework Explained El Salvador has a true potential to emerge as a prominent cryptocurrency hub, not only because it holds at least 6,002 BTC, worth $574,644,924 , but also for the fact that it is very eager to develop crypto-friendly policies. The introduction of the Digital Assets Securities Law, in 2023, which supports tokenisation of assets like funds, debit, equity and even real estate, is a good example. Bitfinex Securities became one of the first crypto companies to recognise the vast potential of this law. It earned a local DASP license just a couple of months after the law’s introduction. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Coinbase Secures Legal Victory as Court Approves Interlocutory Appeal in SEC Case , Bitfinex’s Tokenised Offerings in El Salvdaor Demonstrating the tremendous potential of the tokenisation law of El Salvador, Bitfinex launched a tokenised public offering of US Treasury bills in November 2024. Earlier, a similar effort by the exchange to tokenise a Hilton hotel project in July 2024 failed miserably, as the $342,000 fund raised was far lower than the project’s minimum requirement of $500,000. In conclusion, El Salvador’s progressive crypto regulations are attracting global players like Bitfinex. 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This law, introduced in 2023, supports the tokenisation of assets like funds, equity, and real estate, encouraging crypto growth. What is Bitfinex’s tokenisation? Bitfinex launched tokenised public offerings, including US Treasury bills, demonstrating El Salvador’s potential as a crypto hub.
Finnish Police reportedly seized $2.6 million in expensive watches belonging to Hex founder Richard Schueler, who is also known as Richard Heart. Heart is accused of tax evasion and assault in the country, with authorities still unable to determine the founder’s location, according to the report . Luxury watches worth millions confiscated The Finnish Police confiscated 20 high-end timepieces, most of them Rolexes and all of them believed to belong to Heart, from an Espoo residence, according to Finland’s national broadcaster Yleisradio Oy (Yle). The value of the watches, as estimated by receipts and expert appraisals, is $2.68 million. According to the investigation report, some of the watches were purchased in the United States; however, a large chunk were purchased in Finland. Inspector Harri Saaristola, who conducted the inquiry, stated that these luxury watches were abandoned, adding a peculiar twist to the ongoing operation against Richard Heart. Richard Heart is a wanted offender with a trail of allegations Schueler’s legal troubles gained momentum on Sept. 13, 2024, when Finnish authorities remanded him. The arrest followed allegations of tax evasion of several hundred million euros and a violent assault that allegedly occurred in February 2021. In this criminal case, Schueler is accused of assaulting a 16-year-old victim, and physically assaulting the minor. Adding to his legal problems, Interpol issued a “Red Notice” against Heart on Dec. 22, 2024, making Heart one of Europe’s most wanted fugitives. Finnish officials estimate that his unpaid taxes are several hundred million euros, while his income in 2023 alone was €15.2 million ($16.9 million). Richard Schueler, a well-known person in the cryptocurrency space, founded several cryptocurrencies including HEX, PulseChain (PLS), and PulseX (PSLX). However, his cryptocurrency attempts haven’t gone unnoticed. The US Securities and Exchange Commission (SEC) sued Schueler in July 2023 alleging that all three tokens, which collectively raised more than $1 billion, were unregistered securities. Since reaching their all-time highs, all three tokens have undergone substantial price drops. CoinMarketCap data shows that PLS, HEX and PSLX are down more than 80% from their respective peaks. HEX posted the biggest losses, and is over 99% down from the high of $0.5561 it set on Nov. 16, 2021. The SEC also accused Schueler of misusing investor funds to flex his opulent lifestyle including the acquisition of a 555-carat diamond, luxury cars, and high-end watches, which have been successfully seized by Finnish authorities. Apparently there's a contest with prizes going on right now. The answer to your dreams is marketing. Promotions positively pressure price performance. I wish Satoshi sent me a letter letting me know about Bitcoin in 2008. Please peruse potential prose: https://t.co/dKqhSn2QtD … — Richard Heart (@RichardHeartWin) January 8, 2025 Despite all these allegations, Schueler stays active on social media and continues to promote the HEX cryptocurrency without saying a word about his legal issues. Marketed as a “high-interest blockchain certificate of deposit”, HEX has polarized the crypto community. Some investors and experts regard it as an innovative financial tool. However, others see it as a potential Ponzi scheme owing to its structure and focus on recruiting new users. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Two of the largest cryptocurrencies, Bitcoin and Ethereum, fell sharply today as fears of prolonged inflation weighed on global markets. Bitcoin and Ethereum Prices Drop Amid Inflation Concerns, Market Volatility Bitcoin (BTC): After briefly breaking the $100,000 mark earlier this week, it fell 5% to $96,527. Ethereum (ETH): It fell 8.5% in the last 24 hours to $3,314. Other Cryptocurrencies: Major tokens like Dogecoin (DOGE) and Avalanche (AVAX) saw losses exceeding 10%. Macro Fears Trigger Market Pullback The decline follows macroeconomic signals pointing to persistent inflation and tighter monetary policies. Stock Market Impact: U.S. stocks also declined, with the NASDAQ and S&P 500 down more than 1% on Tuesday. Inflation Concerns: Faster-than-expected growth in the U.S. economy, according to ISM data, has fueled concerns about long-term inflation. Bond Yields Rise: The yield on 10-year Treasury notes rose to their highest level since April, reflecting investors' concerns. “Both crypto and traditional markets are reacting to the Federal Reserve’s decision to maintain higher interest rates for longer, coupled with inflation fears,” said Min Jung, an analyst at Presto Research. The Federal Reserve and Market Sentiment Comments by Federal Reserve Chairman Jerome Powell in December hinted at a determined approach to inflation control, dampening hopes that interest rates would be cut soon. Analysts expect the Fed to keep its target interest rate between 4.25% and 4.5% at its meeting on Jan. 29, according to the CME FedWatch Tool. “Jerome Powell’s comments in December, coupled with stronger-than-expected U.S. economic data, have heightened market jitters and led to increased volatility across both crypto and traditional asset classes,” said Rachael Lucas, crypto analyst at BTC Markets. Trump’s Inauguration Holds Major Importance President-elect Donald Trump's inauguration on January 20th increases uncertainty in the market. Analysts suggest that Trump’s crypto-friendly administration could signal a shift in US economic and cryptocurrency policies, with key appointments such as Scott Bessent as Treasury Secretary and Elon Musk as advisor. *This is not investment advice. Continue Reading: Bitcoin Couldn't Hold Above $100,000! Here Are the Factors That Triggered the Fall!
Bitcoin has surged over 50% since November 2024. Technical analysis reveals potential bearish patterns and key support levels. Continue Reading: Bitcoin Faces Potential Decline as Patterns Signal Caution The post Bitcoin Faces Potential Decline as Patterns Signal Caution appeared first on COINTURK NEWS .
Bitcoin's drop from $102K to $96K in a day marks the second shake-up in under a month. Is this the beginning of the end?