Bitcoin showed the path, and decentralized AI must ditch rented compute
Most AI startups are just prompt arbitrage built on rented compute. By 2027, platform landlords will crush 70% of them. Only decentralized AI will survive.
CoinDesk 20 Performance Update: Uniswap Drops 8.2%, as Nearly All Assets Decline
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 4274.67, down 2.7% (-117.53) since 4 p.m. ET on Wednesday. One of 20 assets is trading higher. Leaders: ADA (+5.3%) and SOL (-1.6%). Laggards: UNI (-8.2%) and XLM (-6.0%). […]
Ethereum Still At Risk Of Being Overtaken By XRP? Analyst Walks Back Shocking Prediction
For much of late 2024 and early 2025, many in the crypto world believed XRP could overtake Ethereum in market capitalization. The belief grew after XRP’s powerful rally late last year, which saw it outperform most major coins while Ethereum struggled to hold key price levels. At the time, market analysts were confident the gap […]
BtcTurk halts withdrawals amid suspected $48M crypto hack
BtcTurk halted deposits and withdrawals, citing a “technical issue” with hot wallets, while trading and local currency withdrawals and deposits remained active.
USD.AI Raises $13M to Expand GPU-Backed Stablecoin Lending
Stablecoin protocol USD.AI, which provides credit to artificial intelligence (AI) companies, has raised $13 million in Series A funding led by Framework Ventures. USD.AI, developed by Permian Labs, issues loans to emerging AI firms using graphics processing unit (GPU) hardware as collateral, cutting approval times by more than 90% compared with traditional lenders. The on-chain […]
XRP 2.0? Remittix Nears $20M Listing Trigger While Ripple Investors Look For Faster Gains
The XRP price has been steady in recent weeks, holding around $3.27. Ripple keeps trying to strengthen its position in cross-border payments. While the recent legal clarity in the U.S. has boosted sentiment, some investors are questioning whether XRP can still deliver the kind of explosive gains seen in its early years. That’s why a […]
Billionaire Winklevoss Twins-Backed Gemini Launches Self-Custodial Smart Wallet
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has launched the Gemini Wallet, a new self-custodial smart wallet that aims to streamline user access to Web3 protocols, decentralized finance (DeFi) platforms, and onchain applications, the company said in a blog post Thursday. Available at onchain.gemini.com, the Gemini Wallet allows users to move seamlessly […]
Tokenization Firm Dinari to Launch L1 Blockchain, Aims to Be the ‘DTCC of Tokenized Stocks’
Dinari, a U.S.-based provider of tokenized public securities, is set to launch its own blockchain, joining the latest wave of firms to build their own infrastructure. The chain, called the Dinari Financial Network, aims to serve as a coordination and settlement layer for the securities issued on other networks like Arbitrum (ARB), Base, Plume (PLUME) […]
Crypto Prices Quickly Slide After Troubling U.S. PPI Report
Inflation concerns were re-ignited during U.S. morning hours Thursday, sending risk assets — crypto among them — sharply lower. The July Producer Price Index (PPI) rose 0.9%, blowing past estimates for 0.2% and 0.0% in June. On a year-over-year basis, PPI was higher by 3.3% versus forecasts for 2.5% and June’s 2.4%. Core PPI, which […]
Bitcoin Suddenly Crashes Under $118K as Liquidations Surge Toward $1B
Bitcoin’s price took an unexpected turn for the worse minutes ago as it dumped from over $121,000 to under $118,000. The altcoins have it even worse, with more painful declines that have harmed over-leveraged traders, as the total value of wrecked positions surges toward $1 billion. BTCUSD. Source: TradingView It has been quite the day […]
Turkish Crypto Exchange BtcTurk Witnesses $48M of Suspicious Outflows Amid Hack Fears
Around $48 million worth of cryptocurrency has been moved from wallets tied to Turkish exchange BtcTurk, raising fears of a potential hack. The incident involved large transfers of ether (ETH), Avalanche’s AVAX (AVAX), Arbitrum’s ARB (ARB), Base (BASE), Optimism’s OP (OP), Mantle (MANTLE), and Polygon’s MATIC (MATIC), with the bulk of the funds consolidating into […]
Aave (AAVE) Surges as $6.3 Million Whale Move Sparks Bullish Momentum
AAVE surged to $340 after a large wallet transferred $6.32M, suggesting possible market movements. At the time of writing, the altcoin is trading at $326.50, with a 24-hour trading volume is $1.38 billion, with a market capitalization of $5.03 billion. The token has seen a 1.48% increase in the last 24 hours, indicating rising investor