Market Updates
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Crypto Firms Unite to Challenge Big Tech’s AI Dominance with Open-Source Alternative
More than 70 crypto and Web3 companies including big names like Yuga Labs, Magic Eden, and Arbitrum are teaming up to push back against Big Tech’s growing control over artificial intelligence. The coalition is backing Thinkagents.ai, a new open-source protocol designed to let AI agents operate independently across decentralized networks, putting control back in users’…
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U.S. Senate Investigates Meta Over Past Plans to Enter China
Key Takeaways: A U.S. Senate investigative subcommittee has launched a probe into Meta Platforms, the parent company of Facebook, over its historical attempts to expand into China. Senators leading the inquiry have asked for company documents to find out if Meta made decisions that could have hurt users’ rights just to get into the Chinese…
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Grayscale Plans to Turn Its Crypto Fund Into an ETF
Key Takeaways: Grayscale Investments, one of the biggest names in cryptocurrency asset management, is making a bold move to expand access to digital assets. The firm has filed paperwork with the U.S. Securities and Exchange Commission (SEC) to convert Digital Large Cap Fund into an exchange-traded fund (ETF) that would become broadly available to public…
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CoreWeave Stock Jumps 18% After Bumpy Start on Public Market
Key Takeaways Coreweave saw its stock jump 25% on Tuesday, which is a big change from its second trading day when the stock had dropped more than 10%, falling below its starting price of $40. The company went public on Friday, meaning public investors could start buying and selling its shares. But even though investors…
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Grayscale Plans to turn its Crypto Fund into an ETF
Key Takeaways: Grayscale Investments, one of the biggest names in cryptocurrency asset management, is making a bold move to expand access to digital assets. The firm has filed paperwork with the U.S. Securities and Exchange Commission (SEC) to convert Digital Large Cap Fund into an exchange-traded fund (ETF) that would become broadly available to public…
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BNB holds above $600 but faces resistance
Key Takeaways Binance Coin (BNB) is trading at $603.27 right now and has just slightly lessened by 0.51% over the last 24 hours. Even though the price has dipped a little, BNB still has a huge market value of $85.94 billion, keeping it high up the list of leading digital currencies. Right now, the coin…
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Hut 8 and Trump Family Start New Bitcoin Mining Company
Key Takeaways: Hut 8 Corp, a company that works with digital assets, announced today the launch of American Bitcoin Corp, a subsidiary focused on large-scale Bitcoin mining and strategic reserve building. The firm will operate as a partnership between Hut 8 and Eric Trump along with Donald Trump Jr. , with Eric Trump taking on…
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Apple Fined €150M in France Over Privacy Rules
Key Takeaways: Apple is facing trouble in Europe again as French authorities issued a fine of roughly 150 million euros($162 million) because of how it handles app tracking on iPhones and iPads. The issue is about a feature called App Tracking Transparency (ATT), which Apple says protects user privacy. But regulators argue that it makes…
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XRP Price Predictions Reveal a Possible $29 Surge or a Drop to $0.13
Key takeaway XRP is at a critical price juncture and traders are closely monitoring whether price will break through a strong level between $2.60 and $1.90, a level that could determine its short-term direction. Technical Analysis and Market Indicator Price action shows that XRP has maintained an overall upward trend over the years but shows…
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Solana Price Drops as Market Faces Key Support Levels
Key Takeaways: Solana (SOL) has been experiencing significant market fluctuations lately. Right now, its price is sitting at $139.92, which is a 4.47% decline in the last 24 hours. Its total market cap has dropped by 4.15%, which is $71.56 billion, with a trading volume of $3.1B, showing a slowdown in market activity However, even…