Author: Editor
Ripple has carried out a series of large RLUSD burns in recent weeks to remove millions of the stablecoin from circulation. According to data from the RLUSD burn tracker @RL_Tracker, more than 2.7 million RLUSD were recently destroyed in a single transaction, the biggest burn in many weeks. Ripple Burns Massive Amounts Of RLUSD Crypto burns are not new to the crypto industry, especially when it comes to stablecoins. Interestingly, data from the RLUSD burn tracker, @RL_Tracker, has revealed an uptick in the amount of RLUSD burned in the past two weeks, which is worth noting. Related Reading Particularly, the…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…
In brief Figure shares closed 24% above their IPO price at $31.11 on Thursday. The company uses a blockchain-based platform to facilitate loans. Analysts foresee the IPO advancing tokenization narratives in the mainstream. Figure Technologies shares closed above its initial offering price on Thursday, the latest indication of investors’ interest in crypto-native firms on Wall...
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Dogecoin (DOGE) is trading around $0.249, pressing against the upper end of a six-week range between $0.22 and $0.25. Technical indicators now hint at a potential rally, with the meme coin attracting renewed attention from investors. Related Reading The 20-day EMA near $0.225, alongside the 50-day, 100-day, and 200-day averages clustered below $0.220, highlight a strong support zone. With the RSI at 60–61, DOGE shows steady buying momentum without being overbought. Similarly, the MACD histogram has turned positive, signaling a resurgence in bullish sentiment following muted August trading. Resistance at $0.25 Could Unlock Higher Targets Dogecoin’s short-term trajectory hinges on…
In brief Gold hit an inflation-adjusted record high of $3,683/oz, surpassing a 45-year-old record. Bitcoin climbs 6% to $114,286 but analysts watch gold-to-Bitcoin ratio for breakout signals. Prediction markets now favor gold over Bitcoin through year-end, with 63% betting on precious metal. If Bitcoin can keep pace with gold as it soars to an inflation-adjusted...
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In brief Another Bitcoin whale moved a chuck of their crypto. The whale had not moved their $50 million in BTC for nearly 13 years, blockchain data shows. A number of long-term investors have started moving digital coins after years of dormancy since this year. Another long-term Bitcoin whale awakened on Thursday, moving a chunk...
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The XRP price is drawing attention this week as traders watch for signs of a potential upward move. Market analyst Egrag Crypto says the token is pressing hard against a falling wedge pattern and could be close to breaking out. According to the analyst, the lines are converging on the current price, and this could be the stage where momentum shifts quickly. XRP Price Pushes Toward Breakout From Falling Wedge Egrag Crypto says XRP is standing on the edge of what he calls a “significant structural breakout.” For weeks, the token has been moving inside a falling wedge, a formation…
OpenAI announced Thursday it reached a non-binding agreement with Microsoft, its largest investor, on a revised partnership that would allow the startup to convert its for-profit arm into a public benefit corporation (PBC). The transition, should it be cleared by state regulators, could allow OpenAI to raise additional capital from investors and, eventually, become a public company. In a blog post, OpenAI Board Chairman Bret Taylor said under the non-binding agreement with Microsoft, OpenAI’s nonprofit would continue to exist and retain control over the startup’s operations. OpenAI’s nonprofit would obtain a stake in the company’s PBC worth upwards of $100…
In brief The price of Dogecoin has risen by nearly 20% over the last week. A publicly traded Dogecoin treasury has announced $125 million worth of DOGE purchases this week. Rex-Osprey will launch a Dogecoin ETF in the U.S. on Friday. Dogecoin is one of crypto’s biggest gainers over the last week, beating majors like...
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California has taken a big step toward regulating AI. SB 243 — a bill that would regulate AI companion chatbots in order to protect minors and vulnerable users — passed both the State Assembly and Senate with bipartisan support and now heads to Governor Gavin Newsom’s desk. Newsom has until October 12 to either veto the bill or sign it into law. If he signs, it would take effect January 1, 2026, making California the first state to require AI chatbot operators to implement safety protocols for AI companions and hold companies legally accountable if their chatbots fail to meet…