Author: Editor
Cardano (ADA) is trading at $0.876 with a daily volume of $1.28 billion, but sellers remain in control after a sharp 7% decline over two days. On-chain data from Santiment shows the Network Realized Profit/Loss (NPL) metric spiking to its highest level since July, signaling that many investors are cashing out profits. Related Reading This wave of profit-taking, while not a sign of structural weakness, has capped ADA’s recovery attempts. Analysts emphasize that defending the $0.87–$0.85 support range will be crucial to maintaining ADA’s broader bullish outlook. ADA’s price trends to the upside on the daily chart. Source: ADAUSD on…
Meta on Wednesday unveiled a new pair of Ray-Ban branded smart glasses with a built-in display for apps, alerts, and directions on the right lens. The smart glasses are controlled by a wristband that picks up on subtle hand gestures, called Meta Neural Band, the same one it unveiled at last year’s Connect as part of its Orion demo. CEO Mark Zuckerberg announced the new product, called Meta Ray-Ban Display, onstage at the company’s annual developer conference, Meta Connect 2025. Unlike Orion, Zuckerberg says this is a product that people can buy in a couple of weeks, starting September 30,…
AI chip startup Groq confirmed Wednesday that it raised a fresh $750 million in funding at a post-money valuation of $6.9 billion. This topped the rumored numbers when word leaked in July that Groq was raising. At that time, reports suggested that the raise would be about $600 million, at near a $6 billion valuation. Groq, which also sells data center computing power, previously raised $640 million at a $2.8 billion valuation in August 2024, making this more than double the valuation in about a year. Groq has now raised over $3 billion to date, PitchBook estimates. Groq has been a…
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to the…
On Wednesday, AI security firm Irregular announced $80 million in new funding in a round led by Sequoia Capital and Redpoint Ventures, with participation from Wiz CEO Assaf Rappaport. A source close to the deal said the round valued Irregular at $450 million. “Our view is that soon, a lot of economic activity is going to come from human-on-AI interaction and AI-on-AI interaction,” co-founder Dan Lahav told TechCrunch, “and that’s going to break the security stack along multiple points.” Formerly known as Pattern Labs, Irregular is already a significant player in AI evaluations. The company’s work is cited in security…
In brief Myriad traders are betting on whether Jerome Powell will wear a purple tie at the September FOMC press conference—odds heavily favor Yes. Purple has become Powell’s signature color, signaling the Fed’s commitment to neutrality over partisan “red vs. blue” politics. The quirky market highlights how prediction platforms are moving beyond rate calls to...
Free Membership Required
You must be a Free member to access this content.
Already a member? Log in here
Arthur Hayes believes the macro domino that sends Bitcoin to $1 million has just tipped. In a post on X late Monday, the BitMEX co-founder argued that the US Federal Reserve is preparing markets for “yield curve control” (YCC) under what he called a “third mandate,” pointing to the confirmation of economist Stephen Miran to the Fed’s Board of Governors and a fresh Bloomberg report raising the same specter. “With Fed board member Miran now confirmed, the MSM is preparing the world for the Fed’s ‘third mandate’ which is essentially yield curve control. LFG! YCC -> $BTC = $1m,” Hayes…
In brief Researchers found $40 million in “risk-free” profits from mispriced markets on Polymarket in one year. Prices on some markets didn’t add up to 100%, letting traders lock in guaranteed gains. The same inefficiencies likely exist on other platforms like Myriad and Kalshi, though arbitrageurs help correct them. A new academic paper suggests there’s...
Free Membership Required
You must be a Free member to access this content.
Already a member? Log in here
Nvidia just got shut out of the Chinese market — this time by the Chinese government instead of the US. China’s internet regulator, the Cyberspace Administration of China, banned domestic tech companies from buying Nvidia AI chips on Wednesday, as first reported by the Financial Times. The agency also told tech companies including ByteDance and Alibaba to stop testing and ordering Nvidia’s RTX Pro 6000D server, a device designed specifically for the market in China. Beijing had previously discouraged companies from buying these chips in late August, instead promoting alternatives from local manufacturers. This ban will deliver quite a blow to China’s tech ecosystem. While companies like Huawei…
Bitcoin’s price action has managed to break above $115,000 after spending the majority of the past two weeks trading below this level. Bitcoin is now holding firm above $114,000, and the leading cryptocurrency has regained momentum over the past week that shows signs of renewed bullish strength. According to technical analysis, a hidden bullish divergence is forming with the recent price action this week, and this could be the setup that pushes Bitcoin to new price highs. Bitcoin Revealing Hidden Bullish Divergence Technical analysis of Bitcoin’s weekly candlestick timeframe chart, which was posted on the social media platform X by…