In the year 2024, the Artificial Intelligence (AI) coins market has experienced a significant surge in performance, with returns from AI-related cryptocurrencies increasing by 76% since the beginning of the year. This remarkable growth has been fueled by the strong performance of AI tokens such as Worldcoin, Fetch.AI, and SingularityNET, which have seen notable gains
Crypto
Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has recently reached a settlement with the New York Department of Financial Services (NYDFS) to return over $1.1 billion to customers affected by the collapse of its Gemini Earn Program. This agreement also includes a $40 million contribution to Genesis Global Capital’s bankruptcy proceedings and
The partnership between Ripple and the Axelar Foundation is set to revolutionize the XRP Ledger ecosystem by boosting interoperability and advancing tokenization of real-world assets. This collaboration aims to strengthen the DeFi ecosystem within the XRP Ledger by providing essential liquidity for stablecoins and high-value assets. Leveraging the Axelar network with the XRPL will allow
Bitcoin’s price has recently skyrocketed above $56,000, reaching almost $57,000 according to CoinGecko’s data. This surge has pushed its market capitalization above $1.1 trillion, marking a significant milestone for the cryptocurrency. Despite already being up over 135% in the past year, many experts believe that Bitcoin is just getting started on a substantial rally that
Shiba Inu, the second-largest meme coin by market capitalization, has been experiencing a surge in daily active addresses. This significant increase, surpassing 3,500, reflects a 13% rise and indicates a growing interest in the asset. The uptrend in active addresses could potentially drive up demand for Shiba Inu, which in turn might positively impact its
The recent network outage on Solana, lasting five hours, had a significant impact on investor confidence. This outage was caused by a bug that led to transactions entering an infinite loop, ultimately affecting the network’s functionality. As a result, investment products tied to Solana saw outflows totaling $3 million in just the past week. This
Recent analysis by Bloomberg suggests that Bitcoin ETFs could potentially surpass gold ETFs in terms of assets under management within the next two years. Despite being only six weeks old, Bitcoin ETFs have already attracted over $8 billion in inflows, while gold ETFs have seen a significant decline in assets in recent weeks. As of
Ethereum has been on a significant upward trajectory recently, surpassing key resistance levels and breaking through the $3K mark. This surge in price indicates a prevailing bullish sentiment in the market, with investors setting their sights on the crucial yearly swing high of $3.6K as the next target. Upon closer inspection of the daily chart,
The price of Ethereum (ETH) has been on a relentless upward trajectory, recently hitting a new high of over $3,100. This surge in price comes at a time when most other major cryptocurrencies, such as Bitcoin (BTC), Solana (SOL), and Cardano (ADA), have been relatively stable or showing minor losses in the past 24 hours.
Bitcoin has experienced significant price fluctuations in recent months, surging from under $20,000 to over $50,000 since June 2023. The approval of multiple spot Bitcoin ETFs in the United States played a significant role in driving this price increase. However, despite these developments, retail traders have been largely absent from the market, raising questions about