Category: crypto

The US Navy blockaded Iranian ports, causing Brent crude to rise above $103 a barrel and keeping bitcoin near $70,000. Talks between the US and Iran in Islamabad collapsed, leading to the blockade. Bitcoin’s resilience at $70,000 is significant, with potential impacts on the market if oil prices continue to rise.

Bitcoin is currently trading between $68,000 support and $75,000 resistance, with three upcoming events impacting its price: the Iran ceasefire expiry, the CLARITY Act Senate markup, and the FOMC meeting. The key level to watch is $68,000, with analysts projecting a potential move towards $75,000 to $80,000 if all catalysts align positively.

Iran is reportedly considering abandoning uranium enrichment as a concession to end the war, lifting bitcoin prices. The potential nuclear deal could impact oil prices and risk assets positively. However, the reports are unconfirmed, and Iran has not made an official statement yet. The market is closely watching for visible signals from Iranian leadership to…

RaveDAO surges over 200% while Polkadot, Zcash, and Dash decline, showing how unique token stories dominate the crypto market amid macro risks and regulatory uncertainty. Aave and XDC Network see gains while Polkadot and Zcash struggle. Dispersion in the market highlights the influence of individual narratives on token prices.

Bitcoin futures open interest on the CME has dropped to a 14-month low of around $7.2 billion in early April, continuing a five-month decline. This is due to the unwinding of the basis trade that drove institutional demand. The Crypto Fear and Greed Index remains at 12, indicating extreme fear for 46 days.

Large-scale crypto investors are increasing their holdings of the TRUMP memecoin to secure access to an exclusive event with the president at Mar-a-Lago. Despite a 33% decline in the token’s price since March, whales have moved millions of dollars worth of TRUMP from exchanges. The event guarantees entry for the top holders.

Bitcoin mining is moving towards industrial-scale operations, while AI development is shifting towards smaller, more personal devices. The edge AI market is projected to reach $119 billion by 2033, driven by localized data processing needs. Bitcoin hash rates are moving towards the Global South due to high energy costs in the US.

Third-party AI routing services are posing security risks by injecting malicious code and stealing credentials, including cryptocurrency and cloud access. Researchers found 26 routers actively engaging in these activities. In response, developers are advised to avoid passing private keys or sensitive data through AI agents and consider implementing cryptographic signatures for security.

Nexus Core Systems signed a $1.28 billion MoU with Moroccan authorities to develop an artificial intelligence facility. The project, called Nexus AI Factory Platform, will roll out in two phases, creating 125 jobs by 2027. The initiative aligns with Morocco’s Digital 2030 strategy and aims to strengthen the country’s digital infrastructure and capabilities in AI.

Meta Platforms is working on developing a 3D AI version of Mark Zuckerberg to communicate with staff in real-time. The project involves training the system on Zuckerberg’s voice, expressions, and communication style. This initiative aims to provide employees with direct access to leadership for guidance and updates. Additionally, Meta is expanding its social commerce tools…