Even after collecting more than 40% in the months of May and July, the $4,000 level remains elusive for Ethereum. The fact that Altcoin was unable to clear this level indicates that this is a resistance to beat as Ethereum continues its uptrend. It also shows that Altcoin has the power to keep this $4,000 from breaking, and one market expert has a unique interest in keeping the price under $4,000, due to a hedge fund. Ethereum over $4,000 makes sense for options traders At X Post, trader and market analyst Glengoodman has announced another angle against the beatdown, which…
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Key Takeaways The SEC and Ripple have agreed to withdraw their appeals in the XRP litigation, ending a major phase of their legal battle. The district court’s ruling that XRP sales on public exchanges are not securities transactions remains in effect. Share this article The US Securities and Exchange Commission (SEC) and Ripple Labs have filed to dismiss their respective appeals in the long-running XRP case, a move that will formally close one of the highest-profile crypto enforcement actions in crypto history, the SEC announced Thursday.In an Aug. 7 joint stipulation lodged in the US Court of Appeals for the…
Robert Keele said this week that he has stepped down as xAI’s head of legal after just over a year, saying he wants to spend more time with his children. In his announcement, Keele also acknowledged “daylight between our worldviews” with boss Elon Musk, who hasn’t commented on Keele’s exit. “I love my two toddlers and I don’t get to see them enough,” Keele wrote, posting the news on both X and LinkedIn. Despite calling his time at the AI startup “incredible” and working with Musk “the adventure of a lifetime,” he said he couldn’t keep “riding two horses at…
Key Takeaways Stephen Miran, a Bitcoin advocate and current CEA chair, has been nominated by Trump as a temporary Fed governor. Miran supports pro-crypto innovation and is critical of excessive financial regulations. Share this article Stephen Miran, chair of the Council of Economic Advisers (CEA), known for his pro-innovation and Bitcoin views, will temporarily join the Federal Reserve Board after President Donald Trump named him to replace Adriana Kugler, who is set to step down on Friday. “It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to…
Key Takeaways President Trump issued an executive order prohibiting financial institutions from debanking based on political or religious beliefs and lawful business activities. The order also addresses banking restrictions faced by crypto companies, requiring federal regulators to review and remediate discriminatory policies. Share this article President Donald Trump on Thursday issued an executive order that seeks to prevent financial institutions from cutting off accounts or services based on political, religious biases, or lawful business activities.The order is aimed at ensuring fair access to financial services for all Americans. It focuses on eliminating discriminatory ‘debanking’ practices and enforcing objective, risk-based banking…
Key Takeaways OpenAI has launched GPT-5, its most powerful AI model yet, bringing significant gains in reasoning, accuracy, safety, and real-world usefulness across domains. The model is now the default in ChatGPT, with Pro subscribers getting access to GPT-5 Pro. Share this article OpenAI has rolled out GPT-5, its latest AI model featuring enhanced capabilities across coding, math, writing, health, and visual perception tasks.The company promotes the new system as highly capable and user-friendly, featuring built-in reasoning that enables it to tackle complex tasks and deliver expert-level intelligence to all users.The unified system also comes with a smart router that…
Tesla is breaking up the team behind its Dojo supercomputer, ending the automaker’s play at developing in-house chips for driverless technology, according to Bloomberg. Dojo’s lead, Peter Bannon, is leaving the company, and the remaining team members will be reassigned to other data center and compute projects within Tesla, per Bloomberg’s reporting which cited anonymous sources. The disbanding of Tesla’s Dojo efforts follows the departure of around 20 workers, who left the automaker to start their own AI company called DensityAI. The new startup is reportedly coming out of stealth soon and is building chips, hardware, and software that will…
In February, AI coding startup Windsurf was in talks to raise a big new round at a $2.85 billion valuation led by Kleiner Perkins, at double the valuation it hit six months earlier, sources told TechCrunch at the time. That deal didn’t happen, according to a source familiar with the matter. Instead, news broke in April that the startup planned to sell itself to OpenAI for roughly the same valuation: $3 billion. While that deal famously fell apart, one bigger question remains: if the startup was growing that fast and attracting VC interest, why would it sell at all? Insiders…
Avalanche (Avax) is beginning to flash signs of a potential trend reversal as a clear double-bottom pattern is formed on the weekly chart. The build strength of the price action makes the Bulls aim for the next important Fibonacci resistance zone. Double bottom strengthening: Can I maintain Fibonacci levels? In a recent analysis of the weekly chart posted to X, the boss of market analysts highlights that the avalanche has now established a solid technical foundation. He noted the emergence of distinct double-bottom formations, often considered reliable inverted signals when confirmed. According to the boss, if this bullish pattern continues…
Key Takeaways Elon Musk claims xAI’s Grok 4 outperforms OpenAI’s newly launched GPT-5. Microsoft integrated GPT-5 across its major platforms, highlighting rapid AI advancements. Share this article Elon Musk has confirmed that Grok 5, xAI’s next AI model, will launch by year-end. He’s also claimed that Grok 4, the company’s current model, is far superior to GPT-5, which OpenAI released less than an hour ago. “Grok 5 will be out before the end of this year and it will be crushingly good,” Musk wrote on X. “Grok 4 Heavy was smarter 2 weeks ago than GPT5 is now and G4H…