Matthew Siegel, head of digital asset research at investment giant VanEck, says the company’s Solana (SOL) exchange-traded fund (ETF) filing is a bet that Donald Trump will win the presidency. VanEck became the first U.S. company to file an SOL ETF application last week, filing an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC). Bloomberg ETF analyst Eric Balchunas said he thinks the report is a “call option on the POTUS election.” “The knee-jerk reaction here is, ‘Oh, this will never get approved, because there’s no Solana gift.’ I agree, but if there’s a change in POTUS,…
Author: Crypto Flexs
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Generative models have revolutionized the AI landscape, with popular applications such as ChatGPT and Stable Diffusion. According to the NVIDIA blog, basic AI models and generative adversarial networks (GANs) have sparked leaps in productivity and creativity. NVIDIA’s GauGAN, an AI model that transforms rough sketches into realistic artwork, is an example of this revolution. GauGAN powers the NVIDIA Canvas app, a cornerstone for creative professionals around the world. How it started GAN is a deep learning model that contains two complementary neural networks, a generator and a discriminator. The generator creates vivid images, and the…
The Bitcoin (BTC) price continued its slump on June 3, and is now trading 20% below its all-time high of $73,835. While the current price action reflects the “apathy and boredom” that dominates the market, on-chain indicators suggest that Bitcoin is gearing up for a “bigger move” in the near future, according to a Glassnode report. Bitcoin Investor Profitability Remains ‘Very Solid’The Bitcoin price has enjoyed an impressive run so far in 2024, with the flagship cryptocurrency hitting a new all-time high on March 5. Since then, Bitcoin has corrected and fallen below $60,000 three times in the past 10…
XRP is down despite its 24-hour volume surging by 19.53% due to ongoing legal issues. While technical patterns suggest a possible uptrend, legal uncertainty has had a major impact on XRP prices. Ripple (XRP) The ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to be a challenge. At the time of writing, XRP was trading at $0.4802, up a modest 0.31% over the past day. CoinMarketCap. Meanwhile, the market cap rose by 0.32% to $26,738,837,168, and XRP ranked 7th. The 24-hour volume surged by 19.53% to $924,854,796. XRP: Market Sentiment Analyst Avon Marks…
An Illinois district judge sided with the U.S. Commodity Futures Trading Commission and ordered an Oregon resident and his company to pay more than $120 million to victims, some of which must go toward restitution, in what the agency called a “Ponzi-like” scam.Oregon state Sam Ikkurty and his company Jafia, LLC made “material misrepresentations.” Judge Mary Rolland of the Northern District of Illinois said in an opinion released Monday but posted by the CFTC on Wednesday that Ikurti and his company committed fraud without registering.It is noteworthy that Judge Rowland stated in his order that cryptocurrencies OHM and Klima are…
Injective (INJ) has released its June Community Update, detailing a series of groundbreaking developments within the Injective ecosystem. June has been a month of activity and innovation, with the community having much to celebrate and look forward to. Injective Builder House Event A key highlight of the update is the announcement of the Injective Builder House, an exclusive event designed to bring together key Injective developers, industry partners, venture capitalists, and more. This one-day event aims to provide participants with hands-on opportunities to begin their builder journey within the Injective ecosystem. Attendees will have the…
Bitcoin (BTC) revisited the $60,000 support level on July 3rd, indicating that bears are maintaining selling pressure. It may not be easy for Bitcoin to break the $60,000 to $56,552 support level as bulls are expected to defend it and Bitcoin may remain in a large range for a longer period.The risk to Bitcoin’s continued sideways movement could come from selling pressure from Mt. Gox bondholders, who may need to rush to secure their profits after receiving their repayments in early July. Crypto Market Data Daily View. Source: Coin360However, at lower levels, buying is likely to be seen in the…
Developer Compute Labs Solana brush -7.35% The GPU tokenization protocol raises $3 million in a pre-seed funding round.Protocol Labs, the company behind the decentralized file storage network Filecoin Phil -6.58% Compute Labs said Wednesday that it led the funding round. Other investors include Blockchain Coinvestors, OKX Ventures, CMS Holdings, HashKey Capital, Amber Group, and P2 Ventures (formerly polygon Matic -6.74% Ventures). Angel investors including Polygon’s Sandeep Nailwal and Illia Polosukhin. near -7.29% Protocol and Solana Foundation’s Austin Federra also participated in this round.Compute Labs began raising funds for its pre-seed round in March, the year it was founded, and closed…
Cryptocurrency investment products that track Ethereum and others saw another week of outflows last week, but the amounts were small and the third straight week of outflows. Digital investment products saw $30 million worth of outflows last week. But this outflow is out of trend. We usually observeBitcoin has taken a step back, and most of the movement has come from Ethereum-based investment products. In particular, according to the latest CoinShares report, institutional investors have pulled a whopping $60.7 million out of Ethereum-based investment products in just one week, the largest amount so far this year. Ethereum leads the outflow…
Open Campus announced that it has received a significant grant from the Arbitrum Foundation to support the launch of EDU Chain, the first Layer 3 (L3) blockchain specifically tailored for the education sector. According to Animoca Brands, this groundbreaking initiative is set to revolutionize the educational landscape by integrating blockchain technology into the learning environment. EDU Chain: A New Paradigm in Education EDU Chain, an L3 Rollup built on the Arbitrum Orbit Stack, aims to foster a decentralized application (dapp) ecosystem for learners and educators through blockchain-based ownership. This innovative “Learn Own Earn” model records…