Gold has just strutted its stuff to a remarkable $5,600 last month. This lustrous metal has had quite the adventure, climbing a whopping 427% since 2016. According to the esteemed Bull Theory on X, it seems gold has waltzed into that special zone where all major bull runs have historically decided to take a long nap.
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Finance What to know: The crypto-AI intersection is entering a quieter, more selective phase with a shift towards utility-driven applications, crypto VCs said. Moving away from overhyped GPU marketplaces and large AI model alternatives towards purpose-built, full-stack solutions is the goal. “A mere wrapper around ChatGPT was once a golden ticket. Alas, that era has … Read more
Now, developers-those brave souls of the coding realm-are granted early access to this infrastructure, much like children let loose in a candy store just before Halloween. It’s all very exciting, and one can almost hear the distant cheers of the tech-savvy as they prepare for the mainnet launch later this year. Let us hope they’ve packed enough snacks for the journey.
The good folks at Ault Capital Group, located in the glittering oasis of Las Vegas, have announced to Bitcoin.com News that this release is the first public version of their shiny L1 protocol. It’s open for developers, infrastructure operators, and the brave early network participants. Bring your sunglasses!
As the insatiable appetite for yield-bearing collateral in the crypto realm grows-like a hungry child at a buffet-Binance and Franklin Templeton have unfurled an off-exchange program tethered to these very tokenized money market funds. Eligible clients can now trade on Binance while their funds rest comfortably in the hands of a third-party custodian. What a delightful arrangement, fostering a cozy bond between the staid world of traditional finance and the wild frontier of digital assets!
What’s the big deal? Oh, Cathie Wood joined the advisory board. Big whoop. She’s like the cool aunt who brings crypto to Thanksgiving dinner, but let’s not act like this is her first rodeo. Tether threw some money in too-because nothing says “we’re serious” like the stablecoin king backing your play. But let’s be honest, if Tether’s involved, someone’s probably sweating in a boardroom somewhere.
Thus, the astute trader, weary of this silent tragedy, seeks refuge in the arms of DeFi, where capital is not left to languish but is coaxed into a lively dance of yield and efficiency.
Bloomberg Intelligence analyst James Seyffart summed this up with the clinical warmth of a dentist appointment: Ethereum ETF holders are in a worse position than their Bitcoin ETF brethren. The current ETH price of $2,000 is well below their average cost basis of about $3,500. It’s a painful proposition. But it’s one that Eth ETF holders have already experienced, which is the investment world’s way of offering a consolation prize you didn’t want in the first place.
In the hushed halls of justice, it was revealed through courtroom whispers that Karony had spun a tale as comforting as a warm blanket on a cold night, assuring his investors that their precious liquidity was safely locked away. Alas, it turned out to be as secure as a sandcastle at high tide, with over $9 million slipping through his fingers to fund a lifestyle more extravagant than a peacock on parade.