Balancer announced on its X platform that the deadline for the transition of MKR tokens to SKY tokens is September 18. Accordingly, MKR holders only have five days left. Users who fail to migrate on time may face significant losses. If approved by the administration, late migrations starting September 22nd will result in a 1% loss of SKY. This will increase quarterly. For example, 240 SKY tokens could be lost for every MKR held. Related News: Hacker Attack on Shiba Inu (SHIB) Network: Developers Issue Statement Balancer made the following statement: We are at a major turning point for Sky (formerly MakerDAO). The deadline to migrate from MKR to SKY is September 18th. Penalties starting at 1% will apply for migrations after September 22nd, subject to management approval. Balancer has hosted MKR liquidity for years. Now it's time to bridge the gap with the V3 reCLAMM pool on Sky's new journey. MKR is still listed on Binance, and the transition to SKY tokens hasn't been made yet. It's believed Binance will delist MKR and list SKY in its place at that point. *This is not investment advice. Continue Reading: Pay Attention to This Date for the Major Altcoin – Penalties Will Be Imposed on Users Who Fail to Comply
The global cryptocurrency market capitalization has exceeded $4 trillion in a broad rally led by Solana and Doge.
PEPE experienced a 17% spike, driven by significant whale purchases. It ranks 31st in market capitalization with trading volume soaring 150%. Continue Reading: PEPE Surges as Whale Purchases Stir the Market The post PEPE Surges as Whale Purchases Stir the Market appeared first on COINTURK NEWS .
The US initial public offering (IPO) market was the busiest it has ever been since 2021, as six big deals raised more than $4 billion over the week. This surge in activity is a welcome change of pace after a slowdown earlier in the year due to market volatility influenced by Trump’s tariff policies. The week’s success is also proof of renewed investor appetite for tech, fintech, and crypto-related listings. Klarna, Figure, and Gemini led the charge Some of the notable IPOs involved Klarna, Figure , Gemini, Legence, Black Rock Coffee Bar, and Via Transportation. Among the newcomers are significant players in various sectors, showcasing a diverse range of industries entering the public market. The lineup was much broader than expected, spanning industries and testing the waters for a potential fall IPO boom. Among the six IPOs, five were worth at least $290 million, priced above their marketed ranges. However, their performances post-listing have not been as positive. Nevertheless, Wall Street analysts have called this a sign of healthy skepticism among investors, which they say bodes well for the market going forward. Klarna has since inched toward its offering price, while Figure Technology Solutions Inc. ended its second day of trading near a high hit in the opening minutes of its debut. Among the four listings from Friday, Gemini Space Station Inc. has soared, while Blackstone-backed Legence Corp. and Via Transportation Inc. have been left with at best modest gains after opening below their IPO prices. This week’s set of deals is being considered as a gauge for how active the stock market is getting, and the results are mixed. All the IPOs witnessed strong demand in the formal marketing process before trading began, with many selling bigger stakes than they had initially offered. Despite rough starts, analysts claim things have been smooth compared to ailing deals from earlier this year that continue to struggle underwater. Experts expect the relative calm to entice more companies to go public, even though investors are still somewhat choosy over valuations and earnings. “Investor expectations remain high and continue to be demanding — profitability and fundamentals are huge,” said Mike Bellin, who leads PricewaterhouseCoopers’ IPO practice. “Some companies were very conservative with their prices because we’re still in an uncertain market.” Next week is expected to be equally active as Stubhub Holdings Inc., Netskope Inc., and others plan to go public. The group could raise up to $2.53 billion combined, and that would mark the first back-to-back weeks of such volumes in US IPOs that do not include SPACs, REITs, and closed-end funds since December 2021. The week’s activity is not permanent, analysts warn The US IPO market has had a strong start this month, but even with the welcome activity, the IPO market is still in recovery compared to pre-pandemic levels. There are those who don’t see the renewed activity as permanent either. Kati Penney, the corporate transactions lead at CrossCountry Consulting, is one of those who expect the market to dial back. She has tagged the week’s activity as an “anomaly” that can be linked to a return of large, well-known names whose processes were paused due to market volatility related to President Donald Trump’s chaotic tariff policies in April. The chaos kept several late-stage startups sidelined for months as investor demand for new deals soured. “We’ll see steady momentum but not at the pace of these past two weeks,” Penney said in an interview. “It also seems to be a bit more concentrated in some of these industries around technology — crypto, AI.” That was confirmed in the past week as the week’s largest deals came from Klarna and Figure, where both had investor orders for roughly 25 times more stock than was sold, according to Bloomberg News . KEY Difference Wire helps crypto brands break through and dominate headlines fast
More on M&A tickers, etc. Warner Bros. Discovery's Separation Rally Still Has Legs - Double Digit Upside Possible Warner Bros. Discovery bid would likely need to be in low to mid $20s/share - report Analysts are mostly positive on Paramount Skydance's bid for Warner Bros. Discovery
Crypto pundit Lark Davis has poked holes into Cardano over its low user base, but community members have swooped in to defend the blockchain.
Ethereum price (ETH) is positioned to retest $5,000 if it sustains support at $4,500–$4,650; cooling spot-ETF inflows and renewed Solana strength are the main obstacles, while U.S. retail accumulation (Coinbase
A proposal to route fees from protocol-owned liquidity for a token buyback has sparked significant interest in the World Liberty Financial community. The buy-back proposal has garnered 99.69% of votes in its favor, with WLFI up by nearly 4% since the launch of the voting. Buyback and Burn Proposal Gets Overwhelming Community Support World Liberty
BitcoinWorld California AI Bill: Crucial SB 53 Faces Uncertain Veto from Newsom The digital frontier is rapidly evolving, and with it, the urgent need for robust governance. For those in the cryptocurrency space, understanding the broader regulatory landscape for emerging technologies like Artificial Intelligence (AI) is paramount, as these areas often intersect. A recent development from the Golden State has sent ripples through the tech world: the passage of the California AI bill , SB 53. This legislation aims to introduce significant changes to how large AI companies operate, but its future remains in the hands of Governor Gavin Newsom, creating a period of considerable uncertainty. What is SB 53 and Why is This California AI Bill So Significant? California’s state senate recently gave its final approval to SB 53, a landmark piece of legislation focused on AI safety. Authored by state senator Scott Wiener, the bill seeks to establish new transparency requirements for major AI developers. Wiener describes SB 53 as a measure that “requires large AI labs to be transparent about their safety protocols, creates whistleblower protections for [employees] at AI labs & creates a public cloud to expand compute access (CalCompute).” This bill is significant because California is a global hub for technological innovation. Any AI safety regulation enacted here could set a precedent for other states and even federal policy. The legislation touches on several critical areas: Transparency: Large AI labs would need to disclose their safety protocols. This aims to provide greater insight into how powerful AI models are developed and deployed. Whistleblower Protections: Employees at AI labs would receive protections, encouraging them to report safety concerns without fear of retaliation. CalCompute: The bill proposes creating a public cloud to expand compute access, potentially democratizing AI development and research. The core objective is to balance the rapid advancement of AI with the need to mitigate potential risks, ensuring responsible development and deployment of this transformative technology. Gavin Newsom AI Stance: A History of Caution and Concern The fate of SB 53 now rests with Governor Gavin Newsom. His decision is keenly awaited, especially given his past actions regarding AI legislation. Last year, Newsom vetoed a more expansive AI safety bill, also authored by Senator Wiener. While acknowledging the importance of “protecting the public from real threats posed by this technology,” Newsom criticized the previous bill for applying “stringent standards” to large models regardless of their deployment context or data sensitivity. He instead signed narrower legislation targeting specific issues like deepfakes. This history highlights the nuanced approach Governor Newsom has taken toward AI regulation. He is clearly aware of the technology’s risks but also cautious about imposing overly broad or potentially stifling regulations on innovation. Senator Wiener has stated that the current SB 53 was influenced by recommendations from an AI expert panel convened by Newsom himself after his prior veto, suggesting a more tailored and considered approach this time around. The question remains: will this revised bill meet his approval, or will concerns about its scope still lead to a veto? Industry Reactions to California’s Tech Policy AI Initiatives The prospect of new tech policy AI in California has elicited strong reactions across Silicon Valley. The industry is divided, reflecting the complex challenges of regulating a rapidly evolving field. Opposition from Giants: OpenAI and Andreessen Horowitz A number of prominent Silicon Valley companies, venture capital (VC) firms, and lobbying groups have voiced opposition to SB 53. OpenAI, while not specifically mentioning SB 53 in a recent letter to Newsom, argued for regulatory harmony. They suggested that companies meeting federal or European AI safety standards should be considered compliant with statewide rules, to avoid “duplication and inconsistencies.” This stance underscores a preference for unified, potentially less fragmented, regulatory frameworks. Andreessen Horowitz (a16z), a major VC firm, has also been vocal. Their head of AI policy and chief legal officer recently claimed that “many of today’s state AI bills — like proposals in California and New York — risk” violating constitutional limits on how states can regulate interstate commerce. This argument raises a fundamental legal challenge to state-level AI regulation, suggesting that such laws could overstep their bounds by impacting companies operating across state lines. The firm’s co-founders have even linked tech regulation to their political leanings, advocating for a 10-year ban on state AI regulation, aligning with some positions taken by the Trump administration. Support from Anthropic: A Blueprint for AI Governance? In contrast to the opposition, AI research company Anthropic has publicly come out in favor of SB 53. Anthropic co-founder Jack Clark stated, “We have long said we would prefer a federal standard. But in the absence of that this creates a solid blueprint for AI governance that cannot be ignored.” This perspective suggests that while a federal standard might be ideal, state-level initiatives like SB 53 can serve as valuable models for future regulation, filling a current void in comprehensive AI governance. This divergence of opinion highlights the ongoing debate within the tech community about the most effective and appropriate ways to govern AI. Some prioritize innovation and fear over-regulation, while others emphasize the urgent need for safeguards to ensure responsible development. Navigating the Nuances: Key Amendments and Regulatory Tiers Understanding the details of SB 53 is crucial, especially how it has evolved to address previous concerns. Politico reports a significant amendment: companies developing “frontier” AI models that generate less than $500 million in annual revenue will only need to disclose high-level safety details. In contrast, companies exceeding that revenue threshold will be required to provide more detailed reports. This tiered approach aims to tailor regulatory burdens based on a company’s size and potential impact, potentially alleviating concerns about stifling smaller innovators while ensuring scrutiny for larger, more influential players. This amendment reflects an attempt to create a more balanced AI safety regulation , acknowledging that not all AI developers pose the same level of systemic risk. It’s a pragmatic adjustment, potentially making the bill more palatable to a wider range of stakeholders, including Governor Newsom. Comparison: Newsom’s Vetoed Bill vs. SB 53 Feature Previous Vetoed Bill Current SB 53 Scope of Application Applied stringent standards broadly to large models. Targets “large AI labs” with transparency requirements. Revenue Tiers Not explicitly mentioned as a distinguishing factor. Introduces revenue tiers ($500M) for disclosure levels. Specific Provisions Less detailed on specific safety protocols and compute access. Explicitly includes transparency protocols, whistleblower protections, and CalCompute. Influence on Bill Authored by Wiener, faced Newsom’s broad criticism. Influenced by Newsom’s expert panel recommendations. The Future of AI Governance: A Pivotal Moment for California The passage of the California AI bill , SB 53, marks a pivotal moment in the ongoing global discussion about AI governance. Whether Governor Newsom signs or vetoes it, the debate it has ignited underscores the urgent need for clear and effective frameworks to manage the power of AI. This legislation, and the reactions to it, offer valuable insights into the complexities of balancing innovation, safety, and economic impact. For the broader tech and cryptocurrency communities, this legislative effort highlights a growing trend: governments are actively seeking to understand and regulate emerging technologies. The outcome in California could influence how other jurisdictions approach AI, shaping the future landscape of technological development and its ethical implications. Conclusion: The Unfolding Impact of SB 53 As SB 53 makes its way to Governor Newsom’s desk, the tech world watches with bated breath. This AI safety regulation is more than just a piece of state legislation; it’s a test case for how democracies grapple with the profound challenges and opportunities presented by artificial intelligence. The debate between fostering innovation and ensuring public safety is at its core, with industry giants and advocates for responsible AI development offering contrasting visions. The final decision by Gavin Newsom AI policy will undoubtedly have a lasting impact, not just on California, but potentially on the global conversation around tech policy AI for years to come. To learn more about the latest AI market trends, explore our article on key developments shaping AI models features. This post California AI Bill: Crucial SB 53 Faces Uncertain Veto from Newsom first appeared on BitcoinWorld .
Dr. Whale’s recent post on X laid out a bold set of price targets for major cryptocurrencies, headlined by Bitcoin surging to $200,000. Among the projections, he placed XRP at $10, suggesting a dramatic upswing for the token if Bitcoin achieves this milestone. Using current market data and clear market-cap calculations, we can estimate what XRP’s price could reasonably be if Bitcoin reaches that level. Current Market Landscape As of report time, Bitcoin trades around $115,900 with a circulating supply of roughly 19.92 million BTC, giving it a market capitalization of nearly $2.31 trillion. XRP trades at to $3.14 with a circulating supply of about 59.61 billion tokens, translating to a market cap of approximately $189 billion. These figures provide the foundation for projecting XRP’s potential price under a $200,000 Bitcoin scenario. Bitcoin is going to $200k $ETH is going to $10k $SOL is going to $1000 $XRP is going to $10 $ADA is going to $5 $SUI is going to $5 $DOG is going to $1 $Pi is going to $30 I don't make the rules — Dr. Whale (@DrWhaleReal) September 12, 2025 Scaling XRP with Bitcoin’s Rise If Bitcoin climbs to $200,000 , its market capitalization would expand to roughly $3.98 trillion. That represents a growth multiplier of about 1.72 compared with its current market cap. Applying the same multiplier to XRP, assuming it maintains its present share of the total crypto market—yields a projected market cap near $326 billion. Dividing that by XRP’s circulating supply results in an estimated price of around $5.46 per XRP. This calculation keeps assumptions minimal: Bitcoin’s price is the only variable, and XRP’s market share remains constant. It is a straightforward way to link Bitcoin’s rise to an XRP price projection. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Path to the $10 Target Dr. Whale’s $10 forecast implies a far larger move. At $10, XRP’s market capitalization would need to reach about $596 billion. With Bitcoin at $200,000 and valued near $3.98 trillion, XRP would have to command roughly 15% of Bitcoin’s market cap—almost double its current relative share. Such a jump is not impossible. Periods of “alt season” have historically seen significant capital rotation from Bitcoin into top altcoins. However, achieving that level would require a surge of investor demand, liquidity, and market confidence beyond today’s baseline. Factors That Could Influence XRP’s Market Share Several elements could shift XRP’s relative market standing. Broader adoption of Ripple’s cross-border payment technology , favorable regulatory clarity, or a pronounced investor rotation into high-cap utility tokens could all help XRP gain ground on Bitcoin’s dominance. Conversely, stiff competition from other layer-1 platforms or delays in mainstream adoption could cap its growth. Key Takeaway Using current data and a conservative scaling model, Bitcoin at $200,000 points to an XRP price near $5.46 if the token simply keeps its existing share of the crypto market. Dr. Whale’s more ambitious $10 target remains within the realm of possibility, but it would require XRP to approximately double its market share relative to Bitcoin. 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 Twitter , Facebook , Telegram , and Google News The post Here’s XRP Projected Price If Bitcoin Hits $200,000 appeared first on Times Tabloid .