Author: Editor
Bitcoin is once again gaining momentum, now trading above the $115,000 level after a modest surge yesterday. The move comes as markets price in growing expectations of a US Federal Reserve interest rate cut at its upcoming meeting next week. Risk assets, including crypto, have responded positively to the prospect of looser monetary policy, though the broader backdrop remains volatile. For Bitcoin, the challenge now lies in sustaining higher levels as bulls attempt to push further. While the reclaim of $115K signals strength, the path ahead is clouded with uncertainty as investors weigh macroeconomic risks alongside on-chain developments. Related Reading…
A federal health agency on Monday hosted a leading marijuana prohibitionist group for an event focused on cannabis use trends and youth prevention, giving the organization a prominent platform for a discussion that largely promoted an anti-reform agenda. The Substance Abuse and Mental Health Service Administration (SAMHSA) invited Kevin Sabet, president of Smart Approaches to...
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In brief Chainlink’s data streams have been integrated into Polymarket. They will serve as a resolution source for markets that hinge on price. Polymarket’s oracle system, UMA, has previously drawn controversy. Polymarket is taking a new approach to how certain markets are resolved on its platform, giving oracle platform Chainlink authority over some of its...
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The CEO of the largest digital and print publisher in the U.S. has accused Google of being a bad actor for crawling its websites to support the search giant’s AI products. Neil Vogel, CEO of People, Inc. (formerly Dotdash Meredith), a publisher that operates over 40 brands, including People, Food & Wine, Travel & Leisure, Better Homes & Gardens, Real Simple, Southern Living, AllRecipes, and others, said that Google is not playing fair because it uses the same bot to crawl websites to index them for the Google search engine as it does to support its AI features. “Google has…
XRP is now back trading above $3 and is holding well above the price level. This is on the back of days of consolidating around $2.8. Although price action in the past 24 hours has seen XRP trading back above $3, it is yet to confirm a close to solidify the zone. Against this backdrop, technical analysis of the XRP 4-hour candlestick timeframe chart shows a critical level that could determine whether XRP finally breaks free into price discovery. Resistance Keeping XRP From Price Discovery Although the XRP price is currently inching slowly upwards, technical analysis shows it is yet…
Massachusetts lawmakers have approved a bill to establish a pilot program for the regulated therapeutic use of psychedelics. The pilot program proposal from Sen. Cindy Friedman (D) advanced through the legislature’s Joint Committee on Health Care Financing on Thursday. It’s now been referred to the Joint Committee on Health Care Financing for further consideration. The...
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In brief Allied Gaming & Entertainment has started investing into Bitcoin and Ethereum for its treasury. The publicly traded firm’s stock price briefly doubled on Friday following the announcement. Many companies have started amassing crypto, following the model pioneered by Bitcoin giant Strategy. Allied Gaming & Entertainment, a Nasdaq-listed esports and gaming company, announced that...
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In brief Solana surged 5.5% and hit $241, reaching its highest level since late January amid growing institutional interest. Forward Industries secured a $1.65 billion PIPE deal led by Galaxy Digital, Jump Crypto, and Multicoin Capital, boosting SOL momentum. BIT Mining adds 17,221 SOL to treasury as prediction market traders grow 89% confident SOL will...
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Micro1, a three-year-old startup that helps AI companies find and manage human contractors for data labeling and training, has raised a $35 million Series A funding round that values the company at $500 million. The round was led by O1 Advisors, a venture capital firm co-founded by Dick Costolo and Adam Bain, the former CEO and COO of Twitter. The startup is one of many companies looking to fill the gap in the data market created by recent changes involving Scale AI. After Meta invested $14 billion in Scale AI and hired its CEO, AI labs including OpenAI and Google…
XRP Exchange reserves have surged by 1.2 billion in just a day, presenting a bearish outlook for the XRP price. This development comes as the token looks to hold above the psychological $3 level. XRP Exchange Reserves Increase By 1.2 Billion In Just A Day A CryptoQuant analysis by CryptoOnchain revealed that XRP Exchange reserves jumped by 1.2 billion in a day across four crypto exchanges, with Binance leading the surge. Bithumb, Bybit, and OKX also experienced a major increase in their reserves, a development which CryptoOnchain noted shifted the volume of XRP’s reserves in an unprecedented manner. Related Reading…