Author: driver789
Crypto.com CEO Kris Marszalek is steering the company into the artificial intelligence sector, unveiling a platform for personalized AI agents. A $70 million acquisition of the “ai.com” domain supports the initiative, which debuts February 8 during a Super Bowl LX commercial. Crypto.com CEO Takes on OpenAI and Google With Decentralized AI Push The launch represents a significant strategic pivot for Marszalek. His firm previously made headlines—and drew skepticism—for spending $700 million on naming rights for the Los Angeles arena formerly known as the Staples Center. I purchased https://t.co/ac2AqjBNxj in April. Since that time, we created a team that has been…
In the evolving landscape of digital finance, Big Four consultancy firm EY has zeroed in on what it believes is the next defining frontier: wallets. Wallets are fast becoming the critical interface for the next era of financial services, not just tools for holding cryptocurrency, according to Mark Nichols, principal at EY.“The wallet is the strategy,” Nichols who co-leads the firm’s digital assets consulting business, told CoinDesk in an interview. “Who owns the wallet, who provisions the wallet, will win the client relationship.”Nichols and his West Coast counterpart, Rebecca Carvatt, view wallets as more than infrastructure. They’re the gateway to…
Ethereum’s head‑and‑shoulders points to 20% downside toward $2,300 if $2,780 fails, but crowded shorts mean a break above $3,020–$3,270 could trigger a sharp squeeze. Summary Ethereum price has activated a large daily head‑and‑shoulders after losing its $2,880 neckline, projecting over 20% downside toward roughly $2,300 if $2,780 support breaks cleanly. WLFI rotated about $8.08m from BTC into 2,868 ETH, whales trimmed holdings on the bounce, and 6–12 month holders increased their share, stabilizing price but not reversing trend. Binance ETH‑USDT perps show roughly $1.69b of shorts versus $700m of longs set up for liquidations, with $3,020–$3,270 as squeeze zones and…
The Bitcoin price displayed a staggering show of bearish pressure over the week. As the premier cryptocurrency lost its footing around the $84,000 support level, it entered a slippery slide, reaching approximately $60,000. Currently, the market is in recovery mode, with its price rising again to $70,000. Interestingly, a recent on-chain evaluation has emerged, lending more credence to expectations of a price rebound. MVRV Data Reveals Bitcoin Market Is Under ‘Severe Stress’ In a QuickTake post on CryptoQuant, popular market analyst Darkfost postulates that the recent Bitcoin price action has given an apparently strong buy signal. This is based on…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum has slipped below the critical $2,000 level, reinforcing a broader bearish market structure as selling pressure intensifies across the crypto sector. The breakdown comes amid weakening macro sentiment, persistent outflows from risk assets, and declining confidence in short-term crypto demand. Together, these factors have pushed ETH into a defensive phase, with traders increasingly focused on downside liquidity zones rather than recovery signals. Recent data highlighted by Lookonchain points to three major on-chain liquidation clusters that could shape Ethereum’s next moves. These zones represent areas where leveraged…
Today in crypto, The US has granted national bank charter to crypto startup Erebor Bank, China issued a ban on unapproved stablecoin and tokenized real-world assets. Meanwhile, Trend Research unloaded over 400,000 ETH to repay loans.Crypto-focused Erebor wins first new US bank charter of Trump’s second term: WSJThe United States has approved a newly created national bank for the first time during President Donald Trump’s second term, granting a charter to crypto-friendly startup Erebor Bank.The Office of the Comptroller of the Currency (OCC) confirmed the approval on Friday, allowing the lender to operate nationwide, the Wall Street Journal reported, citing people…
Recent on-chain data has shown that Vitalik Buterin’s withdrawal of 16,384 Ethereum has sparked renewed debate around the ETH distribution and founder intent. While large wallet movements often trigger speculation, this transfer aligns with a long-standing reality of the ETH development model, and the network is largely self-funded by its founders and ecosystem contributors. Ethereum founder Vitalik Buterin’s recent withdrawal and sale of 16,384 ETH was not a market signal, but a deliberate funding decision. The Ethereum Daily revealed on X that the ETH was withdrawn to personally finance open-source initiatives aimed at building a secure, verifiable, and open full…
Bitcoin’s 50% plunge from its October peak has done more than just erase $2 trillion in market value — it has reignited a fierce debate over the fiduciary math of the American retirement system. As investors scramble to parse the drivers of the latest crash, industry observers are asking if volatile digital assets have any business being in a $12.5 trillion 401(k) market designed for stability.“If investors want to speculate on crypto, they are welcome to do so on their own. 401ks exist to help people save for a secure retirement, not gamble on speculative assets with no intrinsic value,”…
While some consider the altcoins season may never come, others believe the altcoin market has changed, suggesting that a different version of the highly anticipated rally is in its early stages. Related Reading ‘Inverted Altcoin Season’ Just Begun On Friday, the market recovered 15% from its multi-year lows, with most cryptocurrencies bouncing in the short-term timeframe. Amid the recent crash, investors’ sentiment has sunk to its lowest levels since 2022, with many expressing concerns about the future performance of altcoins. Market observer Ali Martinez discussed how the long-awaited altcoin season might have started, but not in the way most investors…
Sony Group Corp. made a follow-on investment in Startale Group, deepening its involvement in the Soneium blockchain about a year after the network’s mainnet launch.In a Thursday announcement sent to Cointelegraph, Startale disclosed an additional investment of $13 million from the Sony Innovation Fund. The funding round came after Soneium moved from testnet experimentation into live operation, allowing Sony to observe how the network performed under real-world conditions. Data from Soneium’s public block explorer shows the network has processed about 524 million transactions since its mainnet launch in January 2025. Over the same period, Nansen data shows Avalanche and Algorand recorded…