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Bitcoin has held up strongly compared to the companies that have adopted it as part of their treasury strategy, but the gap between the digital asset and these firms is becoming more pronounced.  Over the last 10 weeks, stocks of Bitcoin Treasury Companies (BTCTCs) have fallen sharply, shedding between 50% and 80% of their value. This divergence shows an unusual pattern, effectively creating a “1:4 ratio” in cycle behavior. Related Reading 12 Mini-Bear Markets In 18 Months Bitcoin’s price action in the past 18 months has mostly been in a bullish cycle on the macro end, with the leading cryptocurrency…

New updates have been made to Ripple’s XRP Ledger (XRPL) as the network looks to dominate and gain more traction. This is also a positive for XRP, which serves as the network’s bridge currency.  Ripple’s XRP Ledger Gets A New Update In an X post, XRP validator Vet revealed that the credentials amendment on the XRP Ledger is now active. He explained that credentials can be applied to attest to compliance requirements, such as KYC and AML, for a user or institution and issued to their decentralized identity. This helps to further build trust in the network.   Related Reading Vet…

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…

On Friday, a startup called Fable announced an ambitious, if head-scratching, plan to recreate the lost 43 minutes of Orson Welles’ classic film “The Magnificent Ambersons.”  Why is a startup that bills itself as the “Netflix of AI,” and that recently raised money from Amazon’s Alexa Fund, talking about remaking a movie that’s more than 80 years old?  Well, the company has built a platform that allows users to create their own cartoons with AI prompts — Fable is starting out with its own intellectual property, but it has ambitions to offer similar capabilities with Hollywood IP. In fact, it’s…

In brief Wall Street will advance privacy on Ethereum, according to Danny Ryan. Etherealize is building infrastructure for trading and settling tokenized equities. The company plans on leveraging zero-knowledge proofs. Privacy advocates should be cheering on Wall Street’s adoption of cryptocurrencies, according to Etherealize co-founder and President Danny Ryan.As markets move on-chain, financial institutions are...

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…

In brief AI firm Showrunner plans to produce an interpretation of missing footage from Orson Welles’ 1942 film, “The Magnificent Ambersons.” The reconstruction effort will use deepfake technology and newly shot footage based on archival research. The end product will not be commercially released, as Showrunner doesn’t hold the rights to the original film. AI...

Expectations surrounding possible rate cuts by the Federal Reserve in September are nearing peak levels, especially among crypto investors. Historically, Fed rate cuts have often meant the start of a bull run since it signals to investors to take more positions in risk assets such as Bitcoin and crypto. Thus, with only two weeks left to the next FOMC meeting, votes are already coming in for what the Fed will do and how the crypto market will react. Probability Climbs Above 97% The CME Watch Tool from the CME Group website is now showing the highest probability so far for…

According to a shareholder letter, Thumzup Media completed a $50 million common stock offering at $10 per share and laid out a two-part plan: expand into Dogecoin mining and put selected cryptocurrencies into a corporate treasury. Related Reading Thumzup Raises $50 Million The new cash will help fund a pending acquisition of Dogehash Technologies, a deal that calls for Thumzup to issue 30.7 million shares to Dogehash shareholders. Once the transaction closes, the mining firm is set to be renamed Dogehash Technologies Holdings and is expected to trade on Nasdaq under the XDOG ticker. Part of the raised money will…

In brief The LINEA token will begin its airdrop process on September 10. More than 9 billion tokens will be available to early users when the claim opens. An additional 75% of the total supply will ultimately be distributed to ecosystem participants. Ethereum layer-2 network Linea aims to use its upcoming LINEA token as an...