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On July 31, Finbold turned to OpenAI‘s ChatGPT-4o to determine the best cryptocurrency investment for the 2024 bull market cycle. The artificial intelligence (AI) model compared Ethereum (ETH) and Avalanche (AVAX), considering their current market positions and potential for growth.  Surprisingly, ChatGPT-4o leaned towards Avalanche as the potentially more lucrative investment, citing its lower market cap and rapid ecosystem expansion as key factors. At the time of the Analysis , Ethereum traded at $3,300 with a market cap of nearly $400 billion, while Avalanche stood at $26.60 with a $10.5 billion market cap. The AI examined various aspects, including fundamentals, supply and demand dynamics, ecosystem growth, and market sentiment to reach its conclusion. Picks for you $400 million Bitcoin trader signals price optimism with massive B...

Amid positive predictions for the price of the XRP Ledger (XRP) token in the next few month s, the cryptocurrency market’s largest traders seem to be doing their part to help its recovery, evident in the massive surge in the number of crypto wallets holding at least 10,000 XRP. Indeed, the number of wallets holding 10,000 XRP or more has skyrocketed in the past five weeks, reaching the number of 279,400 such addresses, which also marks a six-month high, according to the data shared by blockchain and crypto market intelligence platform Santiment in an X post on July 31. XRP 10K+ wallets vs. price chart. Source: Santiment Furthermore, the Santiment team has observed that the “correlation between these wallets and XRP’s market value has been undeniable throughout 2024,” suggesting that the rise in the number of shark and whale XRP addresses is a bullish signal for the crypto asset in line with analysts’ expectations. ...

Republican presidential candidate Donald Trump recently announced plans to create a Bitcoin (BTC) strategic reserve, a potentially monumental factor in the financial markets. Trump stated that if elected, he would ensure the United States maintains all Bitcoin it currently holds or acquires in the future as a strategic asset. This potential policy shift could significantly impact various sectors, especially those closely linked to Bitcoin and blockchain technology. Here are three stocks that stand to benefit if the US moves forward with this plan. Coinbase Global (NASDAQ: COIN) As one of the largest cryptocurrency exchanges in the world, Coinbase (NASDAQ: COIN) stands to gain significantly from increased governmental and institutional adoption of Bitcoin. With the US government potentially holding a large Bitcoin reserve, the demand for secure and compliant platforms for trading and custody will likely increase. Coinbase’s established infrastructure and regulatory...

The Bitcoin price tumbled 4% in the last 24 hours to trade for $66,716 as of 00:14 a.m. EST on trading volume that soared 87%. The BTC price falls followed reports that the US Government moved $2 billion worth of BTC to a new address. Data from blockchain Analysis platform Arkham Intelligence revealed the transaction. It tracked the 29,800 Bitcoin tokens from a government wallet that stored the Bitcoin seized from the shuttered dark web marketplace Silk Road in 2022 to an unknown wallet address on July 29. Like it happened with the German government, such transactions tend to turn heads, amid concerns of a possible sell-off. BREAKING: The US. Government just moved $2B of Bitcoin to a new address: bc1qsl993y04xnq4fyhmrt6cnmctgjjv9ukdvrk0cd pic.twitter.com/JQvjKIuRNn — Arkham (@ArkhamIntel) July 29, 2024 It comes only days after the Bitcoin 2024 Conference, where former US president Donald Trump pledged never to sell any of the US government’s Bi...

Fairshake PAC has raised more funds than any other Super PAC for the 2024 cycle, according to Federal Election Commission data compiled by OpenSecrets. The Fairshake PAC has raised nearly $203 million, edging out the Make America Great Again Inc. Super-PAC, which has raised approximately $201 million. The Super PAC has so far spent approximately $14.5 million, with the vast majority — around $10 million — spent against Katie Porter when she was running for Senate. This group has received broad support from the crypto ind US try, led by Coinbase, which has committed over $45 million to the organization, with an additional $1 million from Brian Armstrong , the chief exec and founder of Coinbase. Ripple has also committed $45 million, and $44 million has come from Ben Horowitz and Marc Andreessen, named partners for Andreessen Horowitz. While these firms have led the fundraising for this firm, they have been joined by many others, including Jump, Kraken, Circle, Parad...

Following former US President Donald Trump’s landmark pro-crypto Bitcoin 2024 speech at the wekend, advisers to Vice President Kamala Harris have started reaching out to leading crypto companies in an effort to reset the strained relationship between the digital asset industry and the Democratic Party. That’s according to a report by the Financial Times that says me mbers of Harris’s team recently began contacting individuals tied to major crypto companies, including Coinbase, stablecoin issuer Circle, and Ripple Labs. Kamala Harris Tries To Rectify The Biden Administration’s Mistakes Current US President Joe Biden and his administration have been lambasted by crypto industry leaders for their anti-crypto stance. Under Biden’s presidency, the Securities and Exchange Commission (SEC) has opted for a regulation by enforcement approach to regulating the burgeoning digital asset sector. Many argue that this is forcing crypto companies to establish their...

Ethereum (ETH) has experienced a significant decline of around 6.60% over the past week, hitting lows near $3,100 following the launch of Ethereum spot ETFs. Despite this recent turbulence, market analysts remain optimistic about Ethereum’s potential for a substantial upward surge. Key metrics and technical patterns suggest that Ethereum is gearing up for a major rally, potentially driving its price beyond the $4,000 mark. In a TradingView post on July 27, analyst RLinda highlighted that the ETHUSDT chart shows bulls actively maintaining the price above a crucial support line. Picks for you AI predicts Bitcoin price ahead of interest rate decision meeting 1 hour ago XRP or Stellar (XLM)? We asked ChatGPT-4o which crypto is a better ...

Singapore, July 26 – Lufina, renowned for revolutionizing real estate investment through tokenization, proudly announces the launch of ClickCity, an avant-garde tap-to-earn game, to celebrate the FINA token's initial exchange listings. Introducing ClickCity ClickCity combines gaming with real estate investment, offering players the chance to earn $FINA tokens by completing tasks and laying digital bricks. The more you play, the more you earn, with a guaranteed first-place prize exceeding $125,000 USD. This gamified approach not only makes real estate investing fun but also introduces a broader audience to the benefits of tokenization. Key Features of ClickCity: Rewarding Gameplay : Players tap their screens to collect Bricks, the in-game currency, which will be converted into actual prizes for the best 1,500 players, who are to share over $1M USD worth of $FINA at the end of the season. Freemium Gameplay : Users can start playing with no entry barriers, with fai...

The cryptocurrency market is witnessing another rebound. Dogecoin (DOGE) has rallied 4.2% in the daily charts, 9% in the weekly charts, over 22% in the last two weeks, and 3.5% over the previous month. DOGE’s price has also increased by over 62% since late July 2023. Source: CoinGecko Also Read: Dogecoin : When Will Elon Musk’s X Enable DOGE Payments? The latest market surge is likely due to positive economic data in the US for Q2 2024. The American GDP grew 2.8% in the second quarter of this year, outshining expectations. The development has increased the probability of an interest rate cut from the Federal Reserve. Traders anticipate an interest rate cut from the central bank by September 2024. Analyst predicts Dogecoin to rally 230% Source – StormGain According to prominent cryptocurrency analyst Ali Martinez, DOGE is forming a descending triangle. Historically, this pattern has led to a 140% to 230% rally. Ali highlights that the rally is usually followed by a 56% to 60...

Fund management titan VanEck says the Bitcoin price may reach $2.9 million by 2050 amid rising geopolitical tensions, ballooning debt and governments’ abuse of the printing press. The prediction is based on the assumption that BTC will play a critical role in global finance as the current system erodes over the course of the next few decades, says a July 24 research report led by head of digital asset research Matthew Sigel. Governments’ Abuse Of The Printing Press Have Put The Financial System At Risk G7 governments have “abused the printing press” to spend borrowed money on “impossible goals,” Sigel told CNBC in an interview. This, combined with “enormous economic imbalances, rising distrust in existing institutions and continued deglobalization,” has put the traditional financial system at risk, he added. Woah @Matthew_Sigel brought the 🔥 on national TV. “Many of these distortions stem from a massive misallocation o...

Jersey City Mayor Steven Fulop has announced a plan to allocate a percentage of the city’s pension fund to buy Bitcoin ETF s. In a post to X, the mayor shared his support for the crypto industry, Bitcoin in particular. “The question on whether Crypto/Bitcoin is here to stay is largely over + crypto/Bitcoin won,” the post reads. “The Jersey City pension fund is in [the] process of updating paperwork to the SEC to allocate % of the fund to Bitcoin ETF s.” JUST IN: Jersey City to allocate a percentage of its pension fund to buy # Bitcoin ETF s, Mayor announces. — Watcher.Guru (@WatcherGuru) July 25, 2024 The state of Wisconsin has done a similar thing with its pension fund, allocating 2% to Bitcoin ETF s. Mayor Fulop says that he plans to have the project done before the end of the summer, and “I’m sure eventually it will be more common.” The Jersey City mayor reveals his “long-time” support for the crypto industry, from the ups to the downs. “Broadly, beyond crypto, I do believe bl...

Bitcoin mining firm Marathon Digital (MARA) announced its most recent purchase of $100 million worth of BTC today. In a post to X (formerly Twitter), the miner confirmed that “effective immediately,” they are embracing a full HODL strategy in regard to the leading cryptocurrency. MARA now holds more than 20,000 total BTC on their balance sheet. Moreover, that accumulation accounts for almost 0.1% of the total 21 million token supply of Bitcoin. The firm did not provide details into specific transactions of its latest accumulation. However, it did signal that even more purchases could be in its future. JUST IN: #Bitcoin miner Marathon Digital purchases $100,000,000 worth of $BTC. — Watcher.Guru (@WatcherGuru) July 25, 2024 Also Read: Biden’s 30% Bitcoin Mining Tax Plan Won’t Work: Marathon CEO Fred Thiel Marathon Digital Adds $100 Million in BTC to Its Holdings Bitcoin has undoubtedly been the talk of the finance sector so far in 2024. The token received the first crypt...