Both Fetch and SingularityNET artificial intelligence (AI) cryptocurrencies rallied more than 30% today, recovering after three months of declines. What’s behind this AI coin rally?Why are FET and AGIX up over 30%?According to TradingView data, the Fetch.ai (FET) token is up 37% in the last 24 hours, while the SingularityNET (AGIX) token is up over 33%.FET and AGIX, 24-hour chart. Source: TradingViewThe two AI-based cryptocurrencies began their price recovery on June 19th. Both coins have been on a downward trend since late March.Over the past three months, FET has fallen over 31%, while the AGIX token price has fallen over…
Author: Crypto Flexs
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DeFi • June 23, 2024, 2:18 PM EDT Posted 1 minute ago In ~ Lending Protocol Community ghost ghost -0.65% They voted unanimously on the initial proposal to deploy the lending protocol on the Ethereum Layer 2 network. ZKsync Z.K. -8.058% In collaboration with service providers BGDLabs and Catapulta. The AFRC proposal, or Aave Official Request for Comment, was written by the Aave Chan Initiative and passed with 662,000 ‘yes’ votes, indicating strong support from the community. Proposals will now go to AIP on-chain voting for final approval. “Integration with zkSync will allow Aave to provide users with faster and…
OpenAI announced that it has developed a new natural language processing (NLP) system designed to improve detection of unwanted content in real-world applications. This holistic approach aims to build a robust and useful classification system for content moderation. Advances in NLP for content moderation This initiative highlights OpenAI’s commitment to developing technology that can handle the complexities of content moderation in a variety of environments. The system leverages advanced machine learning algorithms to accurately identify and filter inappropriate or harmful content, improving the safety and quality of online interactions. Practical Applications and Benefits One of…
The idea of Polkadot (DOT) has been swirling since 2014, and although it has been available for several years now, its existence would not have been possible without Robert Habermeier. Considering that Robert worked side by side with Ethereum co-founder Gavin Wood when working on Polkadot, unfortunately he is often overshadowed by his better-known colleague. But the truth is that Robert can be considered the “savior” of Polkadot. He arrived at the right place at the right time and, thanks to his skills, made the project a reality. But why is Robert so important to the Polkadot project? Let’s find…
Bitcoin (BTC) extended its decline by more than 3% this week as bears maintained selling pressure. Although the price fell below the Short-Term Hold Realized Price (STH-RP) of $64,230, the bears were unable to deepen the correction. This suggests that bulls are trying to defend STH-RP, the total cost basis for Bitcoin holders, i.e. wallets that store Bitcoin for 155 days or less.Bitcoin weakness has led to continued outflows from spot Bitcoin exchange-traded funds since June 13, according to data from Farside Investors. This suggests that Bitcoin investors are nervous about the near-term outlook.Daily view of cryptocurrency market data. source:…
Average daily trading volume for the stablecoin Tether (USDT) on the Tron (TRX) blockchain has surpassed that of credit card giant Visa, according to new data. Market intelligence firm Lookonchain said in a new post on social media platform Visa stayed at $42 billion. “USDT 24-hour trading volume on the Tron network is $53 billion, exceeding Visa’s average daily trading volume. In the first quarter of 2024, Visa transaction volume was $3.78 trillion, with average daily transaction volume of $42 billion.” Source: LookonchainX According to a chart from Lookonchain, in the same 24-hour period, USDT recorded over 2 million transfers,…
Binance Simple Earn has announced a new promotional campaign for its AVA (AVA) Simple Earn flexible product. According to Binance, users who subscribe to this product can enjoy an exclusive bonus tiered annual percentage rate (APR) of up to 6% in addition to real-time APR rewards. Promotion Details The promotion period runs from 00:00 UTC on June 21, 2024 to 23:59 UTC on September 18, 2024. Subscriptions are on a first-come, first-served basis and users must adhere to the terms and conditions set forth by Binance Simple Earn. Compensation payment structure APR rewards per bonus…
Solana has experienced a steady decline over the past seven days. Despite applying the Solana ETF, negative market sentiment persisted. After a sustained downward trend, Solana (SOL) became overvalued after Canadian digital asset management company 3iQ applied for a SOL ETF. In its report, 3iQ reported on “3iQ Corp is pleased to announce that it has filed a preliminary prospectus for the Canadian Solana Fund (QSOL) in an initial public offering.” Applying for QSOL is a golden opportunity for traders and enthusiasts as it provides the opportunity to enjoy profits through SOL staking. Likewise, increasing the investment pool broadens the…
In response to the growing regulatory and reporting needs in the Web3 space, Fireblocks announced a strategic partnership with TRES Finance. According to Fireblocks.com, the collaboration aims to provide comprehensive automation for Web3 accounting, tax and auditing. Automated Web3 Financial Solutions This partnership leverages TRES Finance’s proprietary Financial Data Lake (FDL), which integrates and contextualizes financial data from thousands of Web3 endpoints. This rich data is integrated into TRES Finance’s FinOS platform, allowing companies to easily generate auditable reports. As the complexity of Web3 financial operations increases, the automation provided by TRES Finance simplifies the…
Bitcoin (BTC) is preparing the perfect conditions for a new BTC price breakout, two classic indicators suggest.Popular trader Roman makes the case for continued bullishness in BTC/USD in his latest analysis on X (formerly Twitter).Traders: Check the BTC price closing each week to identify key signalsDespite disappointing holders for most of June, Bitcoin remains a solid bet for a higher period when things look much better.Some argue that BTC price action is simply consolidating below all-time highs in classic bull market action that can last for months.But for Roman, a return to the good times we’ve seen before may be…