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New $1 billion fund from Pantera Capital: Artificial intelligence-crypto combine Pantera Capital, one of the leading companies investing in cryptocurrencies and blockchain technology, will launch a new crypto fund worth $ 1 billion. It is expected that $200 million of the fund will be invested in artificial intelligence-related crypto projects. Cosmo Jiang, one of Pantera Capital's portfolio managers, announced the company's $1 billion crypto fund in an interview. Jiang made important remarks, stating that especially the fields of artificial intelligence and blockchain/crypto will come together. “Every crypto company will turn into an artificial intelligence startup” Speaking in an interview with DL NEWS, Jiang said that everyone will start using artificial intelligence in the coming period and used the following statements: “In 10, 15, 20 years from now, everyone will be using artificial intelligence. Investing in an artificial intelligence company will be commonplace. "It will be considered as natural as having a website for the company you invest in." Stating that they invested 15 to 20% of the investment they collected in a previous fund in artificial intelligence-related crypto projects, Pantera manager informed that they will close the first round of the 1 billion dollar fund in 2025: “In one of the previous funds, we invested 15 to 20% of the capital in AI-focused crypto/blockchain projects. The new fund will give more. We expect to complete the fund's first investment round in 2025. “I cannot say that this number will be exact, but when we look at it mathematically, it seems logical.” A while ago, Pantera also invested in Nexus Laboratories, a company that focuses on zero-knowledge proof verification and receives artificial intelligence support. The $25 million investment round also included Dragonfly Capital, Faction Ventures and Blockchain Builders Fund
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Argentinian President Supported Bitcoin (BTC)! In his latest post, Argentine President Javier Milei announced that he supports the use of the leading cryptocurrency Bitcoin (BTC) with other currencies as part of his strategy to develop free competition in the local foreign exchange market. Elected as a crypto-friendly president, Javier Milei declared that Argentines are free to choose the currency that best suits their needs. The Argentine President emphasized his strong support for BTC, responding to a tweet by former VanEck Director of Digital Asset Strategy Gabor Gurbacs, who said Bitcoin should be accessible to everyone. Argentinian President Milei assured that there will be free competition between currencies in Argentina, so citizens will not have any problems if they want to use BTC. Javier Milei claims that they are ready to support the use of different cryptocurrencies, including Bitcoin, in Argentina as long as it is suitable for business. The Argentinian president proposed legalizing the use of crypto assets at the end of last year. According to the initiative of the newly elected president, Argentines will be able to use cryptocurrencies even in agreements with the state.
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Happy Prediction for ETH: Famous Analyst Makes the Point! Ki Young Ju, CEO of crypto analysis firm CryptoQuant, stated that the Market Value to Realized Value Ratio (MVRV) for Ether (ETH) is rapidly increasing. Likewise, there is an increase in transaction volume and active addresses on the network. “ETH MVRV is rising faster than $BTC MVRV, indicating $ETH is warming up relative to its on-chain fundamentals,” Ju wrote in an X post dated June 19. The MVRV ratio in question shows that an asset is trading above or below its fair price, which is the difference between the price users pay for the asset and the current market price. Featured on-chain data in #Bitcoin (BTC) and #Ethereum (ETH) According to Santiment data, compared to Bitcoin in the last 30 days, Ethereum's MVRV increased by 29.9 percent to 91.43 percent, while Bitcoin's MVRV went in the other direction, decreasing by 10.8 percent in the same period. It decreased to 127.41. A high MVRV ratio means that Ether's market value is higher than its realized value. While this indicates that it is overvalued, it could also signal a potential sale in the future. When this data falls, it shows that the market has calmed down and the price is approaching its fair value. Crypto analyst Yoddha touched on ETH's current price position on the chart and noted that there is consolidation following the “morning star technical structure” (a candle formation indicating the possible reversal of a downtrend). This signals an upward reversal from the bottom of the downtrend. “Ethereum is holding the price pretty well and looks poised to perform wildly,” Yoddha wrote on June 19. “It will be over $10,000 before the end of the year. “Mark my words,” he added.
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🧙♂️ Elon Musk's latest plan to add Venmo-like payments to X excludes cryptocurrencies.
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