Bitcoin exits declining wedge, hinting at positive monthly close. Institutional investments and whales drive significant market demand. Continue Reading: Bitcoin Surges as Institutional Demand Intensifies The post Bitcoin Surges as Institutional Demand Intensifies appeared first on COINTURK NEWS .
The world of technology and finance is often full of surprises, but few compare to the scale of the numbers recently revealed regarding Meta’s ambitions in the artificial intelligence space. Unsealed court documents have lifted the curtain on the tech giant’s internal projections, showing a truly staggering potential for Meta AI revenue from its generative AI products. Understanding the Generative AI Revenue Forecast According to court documents made public on Wednesday, Meta made internal predictions last year forecasting significant revenue from its generative AI initiatives. For the year 2025, the company anticipated bringing in between $2 billion and $3 billion. Looking further ahead, the projections become exponentially larger, with a forecast ranging from a substantial $460 billion to an astonishing $1.4 trillion by the year 2035. These documents were submitted by legal counsel representing book authors who are suing Meta, alleging the company used their copyrighted works without authorization to train its AI models. It’s important to note that the documents do not provide a precise definition of what Meta specifically categorizes as a “generative AI product” when making these forecasts. However, based on public information, Meta is actively developing and deploying generative AI across several areas that could contribute to this projected revenue. How Meta Plans to Generate Trillions While the exact breakdown leading to a potential $1.4 trillion in generative AI revenue by 2035 isn’t detailed in the unsealed documents, Meta has several public-facing initiatives that point towards potential revenue streams. These include: Llama Model Ecosystem: Meta has released its Llama collection of models as open source, fostering a large ecosystem. The company has revenue-sharing agreements in place with certain partners who host or utilize these models commercially. API Access: A recently launched API allows businesses and developers to customize and evaluate Llama models, potentially opening up significant B2B revenue streams through usage fees or premium features. Meta AI Assistant: CEO Mark Zuckerberg mentioned during the company’s Q1 earnings call that Meta AI, the company’s AI assistant, could eventually incorporate advertising and potentially offer a subscription tier with additional features. This positions the AI assistant as a direct consumer-facing revenue channel. These diverse approaches demonstrate Meta’s strategy to monetize its AI investments across different parts of the market, from developers and businesses to end consumers. Massive AI Spending Powers the Meta Forecast Achieving such ambitious revenue targets requires significant investment, and the court documents also shed light on Meta’s substantial AI spending . According to the filings, Meta’s budget specifically for its “GenAI” product groups exceeded $900 million in 2024 and is projected to surpass $1 billion in the current year. This figure represents the direct budget for the AI product teams themselves. Beyond the product group budgets, the infrastructure required to train and run large AI models like the Llama models adds billions more to Meta’s expenditures. The company has previously announced plans to spend between $60 billion and $80 billion on capital expenditures in 2025, primarily focused on building expansive new data centers essential for its AI operations. The Cost of Data and the Lawsuit Context The court documents also touch upon the significant costs associated with acquiring training data for AI models. Meta reportedly discussed spending upwards of $200 million in 2023 to acquire data for Llama, with approximately $100 million specifically allocated for licensing books. However, the lawsuit alleges that Meta ultimately chose not to pursue these licensing deals on a large scale and instead opted for pirating ebooks, which is the core of the authors’ legal challenge. These details highlight the complex and costly nature of AI development, including the legal and ethical considerations surrounding training data. Meta has not yet publicly commented on the specifics revealed in these unsealed documents. Conclusion: A Glimpse into AI’s Trillion-Dollar Future The unsealed court documents offer a rare look into the internal financial expectations of one of the world’s largest tech companies regarding generative AI. The forecast of potentially reaching $1.4 trillion in Meta AI revenue by 2035 underscores the immense economic potential Meta sees in this technology. However, this potential is coupled with massive investment requirements and significant legal challenges, particularly concerning the acquisition of training data. As generative AI continues to evolve, the path to these trillion-dollar revenues will likely involve navigating complex technical, financial, and legal landscapes. To learn more about the latest AI market trends, explore our article on key developments shaping AI features.
In a detailed and assertive X post, prominent crypto commentator Stellar Rippler shared a comprehensive theory suggesting that Elon Musk’s rebranding of Twitter to “X” is part of a broader strategy to consolidate global systems of identity, communication, finance, and internet access. The post argues that the components commonly perceived as separate, such as XRP, XLM, Starlink, and Grok, are interlinked parts of a premeditated infrastructure shift leading to a globally unified digital system. The tweet begins by dismissing the “X” brand as a superficial rebranding decision. Instead, it claims “X” is the marker for a coordinated global transformation. Stellar Rippler states that those who view XRP, XLM, Grok (xAI), and Starlink as unrelated entities are mistaken, and that these technologies are intentionally converging under Musk’s vision for a future shaped by digital control and connectivity. A Unified System of Identity, Payments, and Access According to the tweet, Musk is consolidating influence over four key domains. First is identity through verified user systems on the X platform. Second is communication, which the commentator attributes to X’s overarching role as a communication hub. Third is finance, through the development of XPay, which is said to integrate monetary transactions. Finally, the fourth component is access, through the expanding coverage of Starlink’s satellite internet network. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The post emphasizes that XRP and XLM are ISO 20022-compliant , enabling them to serve as interoperable currency settlement layers across different financial systems. XRP is identified as the preferred infrastructure for institutional banking transactions, while XLM is associated with retail-level financial activity. Meanwhile, Starlink’s satellite network provides internet access and is a foundational component for global payment networks. Internet as the Foundation for Crypto Settlement Stellar Rippler claims that Starlink is essential to blockchain functionality, stating that “no internet = no crypto.” Starlink’s capacity to deliver internet in remote or underdeveloped areas, including regions without traditional financial infrastructure, is presented as key to enabling peer-to-peer payments using digital assets like XRP and XLM—even in offline conditions. The tweet references Ripple Labs’ ongoing work on offline payment capabilities via the XRP Ledger, suggesting this aligns with Starlink’s functionality. From PayPal to X: A Long-Term Strategy for Global Control The tweet connects the rise of Ripple and other fintech innovations to the early work of the PayPal Mafia, particularly Musk, Peter Thiel, and Max Levchin. According to the post, Ripple was once framed as a “PayPal 2.0.” Now, the development of the X ecosystem, coupled with AI identity verification from xAI’s Grok, represents what the commentator calls Phase 3 of a long-term plan. Stellar Rippler frames the trajectory as deliberate and multi-phased: beginning with PayPal as an early digital payment system, progressing through Ripple’s development of cross-border remittance solutions , and culminating now in a fusion of orbital internet, digital assets, artificial intelligence, and programmable finance under the “X” brand. The final part of the post argues that this infrastructure will facilitate a system of global programmable liquidity. The commentator contends that this system will operate largely outside of legacy financial institutions and be coordinated through Starlink’s orbital network, AI tools such as Grok for identity verification, and settlement layers built on XRP and XLM. Summing up the message, Stellar Rippler writes that “X will become the layer you live on,” suggesting that the world is gradually shifting into a digitally governed ecosystem that will be omnipresent and infrastructure-independent. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Expert Connects the Dots Between XRP, XLM, Elon Musk’s X and Starlink appeared first on Times Tabloid .
Crypto investment firm Galaxy Digital is preparing to shift its public listing from the Toronto Stock Exchange (TSX) to the U.S.-based Nasdaq on May 16, pending final shareholder approval at a special meeting scheduled for May 9. The move also requires Nasdaq’s clearance before trading can commence under the planned ticker symbol, GLXY, according to a recent announcement . Galaxy CEO Calls Nasdaq Move a “Milestone” for Expanding Access to Crypto and AI Galaxy CEO and founder Mike Novogratz described the step as a “milestone” in a statement on April 30, emphasizing that it will strengthen Galaxy’s role in bridging investor access to the digital asset and artificial intelligence sectors. The dual-market presence would broaden the firm’s visibility and attract a wider pool of institutional investors. Galaxy has traded on the TSX since July 2020 but is down roughly 12.28% year-to-date, according to Google Finance data, reflecting broader market headwinds. Meanwhile, the Nasdaq 100 has fallen 7.33% in 2025, though April brought a slight rebound, helping to boost sentiment among tech and crypto investors. Galaxy’s U.S. listing ambitions coincide with renewed optimism in Nasdaq-listed crypto firms. Coinbase (COIN) rose 17.80% in April, while MicroStrategy (MSTR), led by Bitcoin advocate Michael Saylor, gained 31.86%. Bitcoin mining company CleanSpark (CLSK) also surged by 21.58%, according to Google Finance data. Novogratz, a well-known Bitcoin proponent, remains committed to growing Galaxy’s investment footprint. The firm’s Galaxy Ventures Fund I LP is reportedly targeting up to $180 million in capital by June, aiming to support about 30 startups in the crypto and blockchain space. Prominent crypto entrepreneur Anthony Pompliano noted the market’s resilience in an April 30 post on X, highlighting that the Nasdaq 100 finished April up more than 1%. “And people are still talking about the Great Depression,” he quipped, calling the market’s reaction “insane.” The Nasdaq 100 ended April up more than 1% and people are still talking about the Great Depression. Insane. — Anthony Pompliano (@APompliano) May 1, 2025 If Galaxy secures the necessary approvals, it will soon join the ranks of major crypto firms anchoring their future to U.S. capital markets, underscoring a growing convergence between traditional finance and digital assets. Galaxy Digital UK Arm Secures FCA License Last month, Galaxy Digital secured a regulatory license for its UK subsidiary on Wednesday. The license from the UK’s Financial Conduct Authority (FCA) would allow Galaxy to offer derivatives trading capabilities in the UK. Further, the license will help the firm’s investment banking unit to offer capital-raising and advisory services from its London office. Galaxy Digital UK would also support its asset management business with activities like fund distribution. In March, the Office of the Attorney General of the State of New York (OAG) fined Galaxy Digital $200 million following an investigation into its alleged market manipulation of the cryptocurrency Luna. The investigation, conducted under the Martin Act and New York Executive Law Section 63(12), found that Galaxy engaged in deceptive trading practices by promoting Luna while secretly offloading its holdings. Galaxy Digital allegedly began acquiring Luna in 2020 directly from Terraform Labs at a significant discount, with the understanding that it would use its influence to drive interest in the token. The post Galaxy Digital Set to List on Nasdaq Pending Shareholder Approval appeared first on Cryptonews .
Sam Altman’s eye-scanning crypto project, known as World , has officially started offering its services in the United States .
The post Traders Eye Massive XRP Price Rally as XRP ETF Approval Odds Surge to 85% appeared first on Coinpedia Fintech News XRP ETF News : Excitement is mounting around XRP as traders gear up for what could be a historic price run in 2025 .The buzz centers on growing optimism that a U.S.-based XRP exchange-traded fund (ETF) will soon get the green light, with Bloomberg analyst Eric Balchunas now assigning an 85% probability of approval. The boost in confidence follows recent leadership changes at the U.S. Securities and Exchange Commission (SEC), which oversees crypto regulation . An XRP ETF would allow institutional investors to gain exposure to XRP through traditional markets, potentially opening the floodgates to billions in capital. Bitcoin ETFs, launched earlier in 2024, have already seen nearly $39 billion in net inflows. If XRP ETFs attract even a modest 15% to 30% of that volume, it could send XRP into a major rally. For instance, a 15% share of Bitcoin ETF inflows would bring in about $5.85 billion, which could push XRP’s price to $12.23, representing a 450% gain from its current level of $2.22. If XRP ETFs pull in 30%, XRP could skyrocket to $22.20, a staggering 900% surge. When Will XRP ETF Be Approved? Momentum is building. Prediction platform Polymarket now places the odds of an XRP ETF approval at 80%, up sharply from 68% last week. Major asset managers—Bitwise, WisdomTree, and Franklin Templeton—have all filed proposals. While the SEC has delayed its decision on Franklin Templeton’s XRP ETF to June 17, industry insiders believe that approval is becoming increasingly likely. Should that happen, XRP may follow in Bitcoin’s footsteps and witness a parabolic price explosion. When will the XRP Price go up? Market sentiment is turning increasingly bullish. We can expect XRP to reclaim its April peak of $2.36 in the short term, with fresh all-time highs likely in 2025. Popular trader Dark Defender sees the recent dip as part of a broader bullish pattern, while Allincrypto projects XRP could hit $19.27 in the longer run. .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 : XRP Is Made in America, Here’s Why That Matters , XRP Price Today: Key Levels to Watch Despite the bullish ETF narrative, XRP price has dipped 5%, weighed down by weaker U.S. economic data. The altcoin is currently forming a bullish technical setup, and a breakout above $2.40 could send it straight to $3.74. For this upside to materialize, XRP must hold its ground above the critical $2.20 support and overcome resistance at $2.80–$3.00. 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Weak U.S. economic data led to a 5% drop in XRP’s price, though bullish sentiment around ETF approval remains strong. When will the XRP ETF get approved? The SEC is expected to make a decision on Franklin Templeton’s XRP ETF proposal by June 17 , but approval odds have already surged to 80% , suggesting it could be sooner. How high could XRP go if an ETF is approved? Analysts suggest XRP could reach between $12.23 and $22.20 , depending on how much capital flows in from institutional investors through ETFs. Who are the major companies behind XRP ETF filings? Bitwise, WisdomTree, and Franklin Templeton are among the top firms seeking SEC approval for an XRP ETF. Is XRP a Good investment right now? With ETF approval chances rising and bullish price predictions ahead, many traders see current levels as a potential buy-the-dip opportunity.
In the fast-evolving world of technology, advancements in artificial intelligence continue to capture significant attention, influencing everything from cloud computing to data analysis. Amazon, a major player in the tech landscape, has recently made a notable move with the introduction of its latest AI offering, Nova Premier. This development is particularly relevant for anyone tracking major tech trends, as AI’s integration across various sectors, including those impacting blockchain and digital assets, continues to deepen. Introducing Amazon AI’s Most Capable Offering: Nova Premier Amazon recently unveiled Nova Premier, positioning it as the most capable model within its Nova family of artificial intelligence models. This release is a key part of Amazon’s expanding portfolio, designed to tackle complex tasks that demand a deep understanding of context, sophisticated multi-step planning, and precise execution across diverse data sources and tools. Key features of the Nova Premier AI Model include: Multi-modal Processing: It can process text, images, and videos, offering a versatile approach to data interpretation. (Note: Audio processing is not supported by this specific model). Large Context Window: With a context length of 1 million tokens, Nova Premier can analyze a substantial amount of information simultaneously, equivalent to approximately 750,000 words. Designed for Complexity: Engineered to excel in tasks requiring intricate understanding and execution. Accessing Nova Premier via Amazon Bedrock The new Nova Premier model is made available through Amazon Bedrock , the company’s comprehensive platform for building and scaling generative AI applications. Bedrock provides a foundation for developers to access a variety of leading AI models, including now Nova Premier, simplifying the process of integrating advanced AI capabilities into their projects. Pricing for Nova Premier in Bedrock is structured as follows: $2.50 per 1 million tokens for input (fed into the model). $12.50 per 1 million tokens for output (generated by the model). This pricing is competitive with other flagship models available on similar platforms, such as Google’s Gemini 2.5 Pro. Benchmarking the New AI Model: Strengths and Weaknesses While Amazon positions Nova Premier as highly capable, its performance on various benchmarks presents a mixed picture when compared to some rival flagship models. According to Amazon’s internal testing: Strengths: Nova Premier performs well on tests related to knowledge retrieval (SimpleQA) and visual understanding (MMMU). Weaknesses: It trails behind models like Google’s Gemini 2.5 Pro on coding tests (SWE-Bench Verified) and shows weaker performance on benchmarks measuring math and science knowledge (GPQA Diamond and AIME 2025). It’s also important to note that Premier is not designed as a ‘reasoning’ model in the same vein as some others, meaning it doesn’t allocate extra time and computing resources for extensive fact-checking or deliberation on answers. Strategic Focus: Generative AI and Model Distillation Amazon is particularly highlighting Nova Premier’s potential for ‘distillation’. This process involves using a larger, more capable model like Premier to ‘teach’ or transfer its capabilities for a specific task into a smaller, more efficient model. This can result in faster and more cost-effective AI solutions tailored for particular use cases. This strategic focus underscores Amazon’s deep commitment to the broader field of Generative AI . CEO Andy Jassy has emphasized the company’s extensive investment in AI, revealing that Amazon is developing over 1,000 generative AI applications. He also stated that Amazon’s AI revenue is experiencing triple-digit year-over-year growth and represents a multi-billion-dollar annual revenue run rate, signaling that Amazon AI is a central pillar of the company’s future growth strategy. Conclusion: A Key Step in Amazon’s AI Ambitions The launch of Nova Premier represents a significant step for Amazon in expanding its AI capabilities and strengthening its offering within Amazon Bedrock . While it may not outperform rivals on every single benchmark, its multi-modal processing, large context window, and strategic positioning for tasks like model distillation make it a valuable addition to the AI landscape. As Amazon continues to heavily invest in and develop its Generative AI portfolio, Nova Premier is poised to play a crucial role in enabling developers to build more sophisticated and efficient AI applications. To learn more about the latest AI trends, explore our article on key developments shaping AI models.
Losses from hacks and scams surged in April, with one single incident accounting for most of the damage. In April, the crypto sector lost a staggering $364 million to exploits, scams, and hacks, a 1,163% surge from the $28.8 million recorded in March, according to an April 30 X post from blockchain security firm CertiK. The surge was largely driven by a single attack targeting an elderly American, who lost 3,520 Bitcoin worth $330.7 million. As previously reported by crypto.news, the attacker reportedly used advanced social engineering tactics to gain access to the victim’s wallet, making it the fifth-largest crypto theft on record. Excluding that incident, April’s losses totalled $34 million, still representing a 21% rise from the previous month. CertiK identified phishing, access control exploits, social engineering, and price manipulation as the primary attack vectors. Some of the losses were mitigated due to successful recovery efforts by affected protocols and white hat hackers. Roughly $18.2 million in stolen funds were recovered over the course of April, according to CertiK. This included full repayments to KiloEx, which had suffered a $7.5 million exploit but saw the funds returned just four days later. You might also like: Morpho Labs crypto hack thwarted as white hat intercepts $2.6M after frontend exploit ZKsync Association also recovered $5 million worth of stolen tokens after a breach involving its airdrop distribution contract. According to ZKsync, the attacker agreed to return all funds in exchange for a 10% bounty. Similarly, DeFi protocol Loopscale managed to reclaim all of the assets stolen in an attack that exploited vulnerabilities in its token pricing functions. The platform recovered $5.8 million after negotiating directly with the attacker, who agreed to return the funds in exchange for a 10% whitehat bounty and immunity from legal action. Although April saw a sharp rise in losses, February remains the costliest month of the year so far. As crypto.news reported earlier, February saw crypto losses soar to $1.53 billion, driven almost entirely by two major incidents. The $1.46 billion exploit on crypto exchange Bybit accounted for the majority of losses, while stablecoin issuer Infini lost $49.5 million in a separate attack. Read more: North Korea’s latest crypto hack reveals Web3’s security weakness: pro
U.S. spot Bitcoin ETFs closed out April with money flowing out as Bitcoin slipped below the $95,000 support level, partly because of worries over Trump’s new tariffs and weak U.S. economic data. According to SoSoValue data , the 12 spot Bitcoin ETFs saw $56.23 million in outflows on April 30, breaking an 8-day streak that had brought in nearly $4 billion. Most of the pullback came from Fidelity’s FBTC and ARK & 21Shares’ ARKB, which lost $137.49 million and $130.79 million, respectively. Grayscale’s GBTC and Bitwise’s BITB also lost $31.96 million and $23.02 million. On the flip side, BlackRock’s IBIT, the biggest BTC ETF by net assets, managed to pull in $267.02 million, helping offset some of the overall losses. The other Bitcoin ETFs didn’t see any flows that day. Total trading volume across these funds hit $2.39 billion, with total net inflows since launch standing at $39.14 billion. Investors turned cautious after Bitcoin failed to hold above $95,000 especially following some disappointing U.S. economic numbers . First, the ADP jobs report showed only 62,000 private sector jobs added in April, way below the 108,000 expected and the weakest since July 2024. You might also like: Trump blames Biden as markets weaken on GDP and tariff turmoil Then, the first estimate for Q1 GDP came in at negative 0.3%, missing forecasts of +0.2%. A big reason for the GDP dip was a 41% jump in imports, as businesses rushed to stock up ahead of President Trump’s fresh wave of tariffs. At present, Trump’s tariff plans are causing jitters across markets . His administration has been pushing for new tariffs on Chinese goods and select European products, aiming to boost U.S. manufacturing but also raising the risk of higher costs and supply chain disruptions. Many companies are racing to import goods before these tariffs fully kick in, adding extra pressure to economic data and contributing to the recent jump in imports. These tariff concerns are feeding into broader fears of stagflation, a mix of weak growth and stubborn inflation, making investors unsure about when or how much the Fed might cut rates. As a result, riskier assets like tech stocks got hit hard on April 30, with the Nasdaq dropping 2% and the S&P 500 sliding 1.5%. Bitcoin ( BTC ) also fell 2% to $93,438 before recovering some ground today. Read more: $800m Bitcoin lost in trash becomes star of new docuseries