Cryptocurrency

According to crypto trader and analyst Ali Martinez, the BTC bull-bear market indicator has been moving between the bearish and bullish ranges since early August. However, it appears that the sentiment has shifted now. Martinez mentioned that this crucial indicator has switched back to bullish again, predicting a huge Bitcoin price breakout.The renowned analyst shared a chart of Bitcoin’s key metric. It clearly shows that this metric has turned bullish after a prolonged period of hovering around both extremes. The chart shows that Bitcoin enters a bull run once this happens. This has been witnessed in history, hence, there is a strong likelihood of another BTC bull run.Meanwhile, the price of Bitcoin has started to support these bullish outlooks. As of now, BTC is trading at $60,815, a slight decrease of 0.66% in the last 24 hours. BTC was facing strong resistance around the $60,000 level in the recent past. However, it has successfully cleared this level now.It appears that BTC is now trying to turn this range into a support zone. Once it successfully accomplished this, it is likely that it will then target the next resistance at the $63,000 level. The signals from these metrics are also supporting this price outlook, and it is likely that a notable upward trend is in the cards for Bitcoin.This article was originally published on U.Today More

Back in 2013, these Bitcoins were worth around $10,174. Today, their value has skyrocketed to an astounding $3,274,741, marking a massive 32,087% gain.The sudden reactivation of this wallet has ignited curiosity and speculation. Why did the owner choose to revive it now, after more than a decade of inactivity? The timing and reasons behind the sudden activation remain unknown, adding to the already intriguing story.Dormant Bitcoin wallets are often believed to be owned by early Bitcoin adopters or miners.However, the identity of the wallet owner remains unknown, but the sudden activation has led to various speculations. It could be an early adopter who decided to cash in on the massive gains; it might also be a forgotten wallet that was recently rediscovered, or perhaps the owner decided to transfer the funds to a more secure wallet.The crypto market is trading higher in the last 24 hours as investors await Fed Chair Jerome Powell’s crucial comments.Powell is set to deliver a highly anticipated speech in Jackson Hole today, Friday, with market players expecting new details on the U.S. central bank’s interest rate cut plans.Earlier this week, the minutes from the Federal Reserve’s July meeting revealed that the “vast majority” of central bank officials “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.”This article was originally published on U.Today More

PlayFi, an AI-powered data network and blockchain tailored for the live content industry, announces its Genesis Node Sale sold out in under 24 hours. The sale, which took place on August 14, 2024, was a necessity to power its network strength and growth, after seeing over 70K transactions in just one week. The exclusive, small-batch offering consisted of 1,000 nodes priced at $400. The quick sell out signals promise of an eager community and anticipation for PlayFi’s network, which will make its debut on Mainnet in coming months. While PlayFi’s main node sale will take place later in 2024, the need for the Genesis Node Sale was apparent after the network’s surge in activity. These nodes power PlayFi’s network and are necessary to expand the network’s capacity. Genesis nodes serve as a critical piece to the network infrastructure for AI processing, data management and storage, and to ensure consistency across the entire protocol. “Selling out our first node sale in under 24 hours was an amazing signal from the community that they believe in our vision and understand the importance of nodes to grow the network,” said Ben Beath, founder of PlayFi. “While this node sale helps kickstart our network, participants are also having a direct impact on the future of live content. We’re thrilled to see that we have supporters who understand and believe in the same mission that PlayFi does to create a more powerful live content ecosystem.” The success of the Genesis Node Sale not only validates the need for a robust and scalable network but also highlights the community’s strong engagement with PlayFi’s vision. As more nodes come online, the network’s ability to handle high transaction volumes and support complex live content applications will only grow stronger.PlayFi is the first AI and data platform to enable web3 features to be built on top of live content. The protocol bridges the gap between content and actionable data, with infrastructure that allows studios and creators to seamlessly integrate blockchain primitives on top of games, streams, sports and entertainment content. PlayFi’s proprietary AI models extract data from content in realtime, validating it for authenticity and storing it on a high-availability data-edge network.Find out more about PlayFi’s nodes at https://www.playfi.ai/nodes and stay up to date with the latest news by following PlayFi on X. About PlayFiPlayFi is transforming the live content landscape by seamlessly integrating advanced blockchain technology and AI. Utilizing our secure, scalable zkEVM blockchain, PlayChain, and AI-driven decentralized network, PlayBase, we offer fast transactions, innovative content development, and enhanced live content experiences. PlayFi empowers content creators, developers, node runners, and studios to unlock new revenue streams and build category-defining experiences without compromising core engagement. Adopters include leading content creators and developers aiming to create a richer, web3-enhanced live content environment. Backed by top-tier investors and partners, PlayFi is building a more connected, secure, and vibrant content economy. Learn more: playfi.ai.ContactSr. PR ManagerLeslie TermuhlenSerotoninleslie@serotonin.coThis article was originally published on Chainwire More

In 2007, Japan’s virtual idol Hatsune Miku debuted with synthesized voice technology, establishing the UGC model in the virtual idol industry. By 2012, her success led to the rise of more virtual idols, with organizations like Japan’s Hololive and Korea’s PLAVE adopting the PGC model, using motion capture and real-time rendering.However, the PGC model faces challenges like high costs, slow content creation, and limited creativity. In contrast, AI, the Metaverse, and Web3 technologies offer a new approach by emphasizing UGC. This shift allows users more freedom to create and share content, leading to a more open and inclusive virtual idol ecosystem.MEET48 exemplifies this new direction, integrating these technologies to foster user participation and creativity.MEET48 rented an entire street in Lan Kwai Fong, Hong KongMEET48 has made significant strides in the Web3 industry, including renting a street in Hong Kong’s Lan Kwai Fong for promotion. The project expanded its ecosystem with initiatives like the CoinIdols airdrop on TON and the CoinFish project, aiming to attract idol culture fans through various channels.MEET48 leverages a self-developed multimodal large model to train virtual humans in music and dance, offering AI tools and MaaS editors for easy creation, demonstrating its core competitiveness. MEET48’s COO mentioned their model is trained on 500TB of data, nearly 1,000 times more than the 570GB used for GPT-3, showcasing MEET48’s extensive data resources.No similar vertical large model exists in the market; MEET48 has developed IdolGPT and SRMBuilder , allowing users to generate virtual idols from photos and create songs and dance moves via text input.MEET48 is launching a next-gen virtual idol UGC community that merges virtual human and AIGC music and dance technology with MaaS services, spanning Web2.0 and Web3.0. It offers tools and resources for UGC and PGC creators, while supporting UGA and PGA content creation. MEET48’s social metaverse fosters Web3.0-native virtual humans and real idols.With over 24,000 UGC videos uploaded and more than 10 million views, MEET48’s fan-driven UGC system is thriving. Fans can become ‘idol creators’ and ‘partners,’ realizing their idol dreams in the MEET48 metaverse.MEET48’s Web3 platform and wallet feature a transparent, on-chain voting system. Fans earn points through activities, exchangeable for NFT voting tickets, ensuring transparency and immutability. The Dapp ranks first in DappBay’s social category, with over 3 million registered users for the ‘2024 GIPR2’ voting event, revolutionizing traditional voting with blockchain-recorded fan support.In 2025, MEET48 plans to integrate SNH48 idols and host a global idol voting event in Hong Kong, merging virtual and real idols and marking a new era in the idol industry.Recently, MEET48 expanded internationally by establishing offices in Japan. On August 27th, MEET48 will co-host the WebX official opening party, featuring SNH48 and popular Japanese idols. On September 4th, MEET48 will sponsor SNH48’s TOP16 Tokyo tour, promoting its global virtual idol and Web3 strategy. Additionally, MEET48 will co-host the “Back To The Streets” event in Singapore during Token2049 on September 18th and participate as a platinum sponsor, underscoring its role in the Web3 ecosystem.By leveraging Web3 and AI, MEET48 is poised to disrupt the entertainment industry. In the near future, user-created virtual idols will compete in voting contests to become top idols, eventually sharing the stage with real idols in a metaverse that blends the virtual and real worlds.Website：https://www.meet48.xyz/Twitter (X)：https://x.com/meet_48 Telegram：https://t.me/MEET_48Discord：https://discord.gg/meet48ContactMarketing DirectorSiyu YangMEET48siyu@meet48.comThis article was originally published on Chainwire More

A broader risk-off move in financial markets weighed on crypto, while Bitcoin was also dented by fears of more token distributions by defunct exchange Mt Gox. Bitcoin added just 0.1% to $61,040.0 by 08:57 ET (13:57 GMT). Crypto markets were also somewhat spooked by a sharp appreciation in the Japanese yen, after Bank of Japan Governor Kazuo Ueda warned that interest rates could rise further.Strength in the yen had unwound a carry trade earlier in August, battering most risk-driven markets. Bitcoin had also slumped as low as $49,000. Bitcoin was set for a middling weekly performance, with the token seeing short-lived breaks above $60,000 amid persistent concerns over Mt Gox.Wallets associated with the exchange were seen mobilizing nearly $3 billion worth of tokens this week, heralding more distributions.The exchange had begun returning tokens stolen during a 2014 hack back to clients in early-July, with the distributions raising concerns over a mass sale event in Bitcoin, amid increased token supplies. A risk-off move in broader financial markets also weighed, as Wall Street indexes ended lower on Thursday. Markets were seen turning somewhat cautious before an address by Fed Chair Jerome Powell at the Jackson Hole Symposium later on Friday, where he is expected to offer up more cues on interest rates and the economy.Traders are broadly pricing in a rate cut in September, but are split over a 25 or 50 basis point reduction, according to CME Fedwatch. The case for a deeper cut was furthered by weak labor market data released earlier in the week, although the reading also pushed up concerns that a weakening labor market will weigh on economic growth. Broader cryptocurrency prices rose on Friday, but were also headed for a middling weekly performance as a rebound from early-August losses ran dry. World no.2 token Ether rose 1.5% to $2,666.55, while altcoins SOL, ADA and MATIC climbed between 0.7% and 2.1%. XRP lagged, falling 0.1%. Among memecoins, DOGE jumped 2.6%.At current Bitcoin prices, the value of the remaining 1.3 million tokens left to be mined is estimated at about $74 billion, according to a research report by JPMorgan on Friday.The bank has adjusted its price targets for several mining companies it covers, reflecting second-quarter earnings and recent shifts in both Bitcoin’s price and the network’s hashrate. The hashrate measures the total computational power used to mine and validate transactions on a proof-of-work blockchain.JPMorgan lowered its price target for CleanSpark (NASDAQ:CLSK) shares from $12.50 to $10.50, while maintaining a Neutral rating on the stock. It also reduced the price target for Iren from $11 to $9.50, but retained an overweight rating. Marathon Digital (NASDAQ:MARA)’s price objective was cut from $14 to $12, with an underweight rating, and the target for Riot Platforms (NASDAQ:RIOT) was trimmed from $12 to $9.50, though the stock remains overweight-rated.The report estimates the four-year block reward revenue opportunity at around $37 billion, marking a 19% decline since early June, but an 85% increase compared to the previous year.JPMorgan favors Iren and Riot, noting that the recent underperformance of these stocks may offer a buying opportunity for investors. Riot, in particular, has lagged behind the sector year-to-date due to “operational snags,” but the bank anticipates improved sentiment and potential share price gains in the coming months as uptime and production metrics improve.Ambar Warrick contributed to this article. More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced the resounding success of its innovative Blinks feature, developed in collaboration with Solana. The feature, which made its debut during a high-profile livestream, has shattered industry records for engagement and participation, redefining how users on the Web2 platform interact with the Web3 ecosystem.Blinks empowers users to seamlessly trade, buy, and swap cryptocurrencies directly within the Twitter ecosystem, bridging the gap between Web2 and Web3. This revolutionary integration has lowered the barrier of entry for millions of users, making decentralized finance more accessible than ever before.Record-Breaking Success: Blinks Captures Web3 AudienceThe launch event for Blinks attracted an unprecedented 1.7 million viewers, setting a new all-time high for Bybit Web3 livestreams. The overwhelming response underscores the significant demand for innovative solutions that simplify the Web3 experience.The Blinks activation campaign shared via Airdrop Arcade generated extraordinary engagement, with over 60,000 participants vying for exclusive digital art rewards. By sharing the Blink to their X feeds, users get a chance to unlock rare digital art that would win them airdrops. The campaign also saw a remarkable 30,000 new wallet creations, demonstrating the feature’s effectiveness in onboarding new users into the Web3 world.A Promising Future of Continued Innovation to open up and bridge Web2 and Web3“The rapid integration of Solana’s Blinks feature into Bybit Web3’s product suite is a testament to the agility and forward-thinking approach of both teams,” said Lily Liu, President of the Solana Foundation. “By leveraging Solana’s cutting-edge technology, Bybit Web3 is making significant strides in democratizing access to decentralized finance, and we are thrilled to see the momentum this integration is generating.”“The success of the Blinks feature is just the beginning,” said Ben Zhou, Co-fonder and CEO of Bybit. “Bybit Web3 is dedicated to continually pushing the boundaries of innovation, providing cutting-edge solutions that enhance user engagement and drive growth in the Web3 ecosystem. This groundbreaking approach not only sets a new standard for the industry but also underscores Bybit Web3’s role as a leader in decentralized finance.”#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press. For media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

Polynomial, a pioneering force in decentralized finance (DeFi), has announced the launch of Trade 2.0, its next-generation decentralized leverage trading platform. Designed to set new standards in the DeFi landscape, Trade 2.0 brings cutting-edge features and unmatched capital efficiency to traders worldwide.Revolutionizing Trading with Trade 2.0Trade 2.0 is engineered to deliver an unparalleled trading experience, featuring innovations that make trading more accessible, cost-effective, and powerful:A Proven Track Record: $4.7 Billion in Volume and Growing.Since their initial launch in March last year, Polynomial has facilitated over $4.7 billion in trading volume across more than 100 markets. The community’s feedback has been instrumental in shaping Trade 2.0, ensuring it meets the demands of both novice and experienced traders alike.Expanded Market Access: ETH, BTC, and SOL Now LiveTrade 2.0 launches with active markets for ETH, BTC, and SOL, with more assets to be added in the coming weeks. This expansion provides traders with greater opportunities to diversify and enhance their trading strategies.Earning Rewards with Every TradeTrade 2.0 introduces a new rewards system where 1,000,000 trading points are distributed daily among users. Rewards are allocated based on trading volume, OI rebalancing activities and [redacted], allowing traders to boost their potential earnings and reinvest in their strategies.Powered by Polynomial SuperchainAt the heart of Trade 2.0 is the Polynomial Derivatives Superchain, a layer-2 solution that ensures lightning-fast transactions and scalable trading. This robust infrastructure empowers traders to hedge portfolios, offset on-chain exposure, and respond swiftly to market changes.Polynomial Trade 2.0 combines the benefits of multiple rollups, offering unparalleled speed, security, and scalability. The platform is developed alongside key partners such as Socket, Zerodev, Alchemy, and Pyth, whose expertise has been instrumental in bringing this advanced trading solution to life.Explore the Future of Trading TodayPolynomial Chain is more than just a platform; it’s a movement towards a decentralized, efficient, and liquid financial ecosystem. Users can join as they lead the charge in reshaping the future of derivatives trading. For more details, users can visit Polynomial and be part of the future of finance.About PolynomialPolynomial is dedicated to building the next generation of decentralized financial tools. Their mission is to create a more accessible, efficient, and liquid DeFi ecosystem by bridging the gap between decentralized and centralized exchanges.For more inquiries, users can contact:Email: contact@polynomial.fiWebsite: http://polynomial.fi/Twitter: https://twitter.com/PolynomialFiDiscord: https://discord.com/invite/polynomialContactCo-founderGauthamPolynomial Protocolcontact@polynomial.fiThis article was originally published on Chainwire More

Hivello, a leading aggregator of decentralized physical infrastructure networks (DePINs), has announced a strategic partnership with Mysterium Network, a pioneer in decentralized networking and VPN services. This collaboration aims to integrate MystNodes into the Hivello platform, driving mutual growth, enhancing network capabilities, and expanding user engagement within the decentralized technology space.Hivello and Mysterium Network have formed a strategic partnership to integrate MystNodes into the Hivello platform. MystNodes, with an opportunity to share their internet bandwidth. This collaboration empowers Hivello users to contribute to the idea of an open Internet that is free of censorship and borders, as the traffic contributed from their devices is used for Mysterium VPN – a decentralized VPN that is also a product of Mysterium Network.Key Features of MystNodes Integration:Mysterium Network is a decentralized, open-source platform designed to provide secure, private, and censorship-resistant internet access through its global network of nodes. The platform enables peer-to-peer networking and unblocking solutions, ensuring anonymous and encrypted connections. Users can choose their exit node by city for a hyperlocal browsing experience, while developers can build on Mysterium’s robust infrastructure to create decentralized applications.Website | X | DiscordAbout Hivello :Hivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks. They aim to create a simple app that allows users to contribute their computer resources, with no technical knowledge required. It’s as easy as downloading, installing, and running nodes, making complex technologies accessible to all.Website | X | DiscordContactMarketing CoordinatorKarla Janse van RensburgHivellokarla@hivello.comThis article was originally published on Chainwire More