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Ripple EVM Sidechain Receives Crucial Update. Ripple has forged a strategic alliance with Peersyst to bolster the capabilities of the XRP Ledger (XRPL) EVM sidechain. This collaboration focuses on harnessing evmOS, a modular technology stack provided by Evmos, to refine and advance the sidechain, currently in its developmental phase. By incorporating evmOS, Ripple aims to instill EVM compatibility and enhance customization options within the platform. EvmOS, constructed on the Cosmos SDK, grants access to a multitude of chains through the Inter-Blockchain Communication Protocol. This integration aligns the XRPL EVM sidechain with industry norms and broadens its connectivity within the wider ecosystem. EvmOS offers an array of features and modules tailored for EVM implementation on the Cosmos SDK platform. The XRPL EVM sidechain stands to benefit from seamless interoperability with diverse blockchain networks, facilitating the smooth transfer of assets and information flow. Moreover, the introduction of evmOS Outposts will further enrich the interoperability of the XRPL EVM sidechain. These Outposts function as gateways, linking various blockchain networks and simplifying user interactions by streamlining complex functionalities. Through XRPL's integration into the interchain ecosystem, users gain access to a network spanning over 90 interconnected chains, thereby amplifying the platform's versatility and potential applications. As Ripple and Peersyst collaborate to leverage evmOS for the XRPL EVM sidechain, the XRP community eagerly awaits the promising impact of this partnership on their preferred crypto project as a whole.

Ripple EVM Sidechain Receives Crucial Update.

Ripple has forged a strategic alliance with Peersyst to bolster the capabilities of the XRP Ledger (XRPL) EVM sidechain. This collaboration focuses on harnessing evmOS, a modular technology stack provided by Evmos, to refine and advance the sidechain, currently in its developmental phase.

By incorporating evmOS, Ripple aims to instill EVM compatibility and enhance customization options within the platform. EvmOS, constructed on the Cosmos SDK, grants access to a multitude of chains through the Inter-Blockchain Communication Protocol. This integration aligns the XRPL EVM sidechain with industry norms and broadens its connectivity within the wider ecosystem.

EvmOS offers an array of features and modules tailored for EVM implementation on the Cosmos SDK platform. The XRPL EVM sidechain stands to benefit from seamless interoperability with diverse blockchain networks, facilitating the smooth transfer of assets and information flow.

Moreover, the introduction of evmOS Outposts will further enrich the interoperability of the XRPL EVM sidechain. These Outposts function as gateways, linking various blockchain networks and simplifying user interactions by streamlining complex functionalities.

Through XRPL's integration into the interchain ecosystem, users gain access to a network spanning over 90 interconnected chains, thereby amplifying the platform's versatility and potential applications.

As Ripple and Peersyst collaborate to leverage evmOS for the XRPL EVM sidechain, the XRP community eagerly awaits the promising impact of this partnership on their preferred crypto project as a whole.

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DOGE Fan Elon Musk Reaches Massive Milestone on X. An insider from the Dogecoin team, known as DogeDesigner (@cb_doge) on the X social media platform, who keeps track of Elon Musk's interviews, podcasts and public social media data, has noted that Musk has once again become the most followed account on X. The CEO of Tesla and SpaceX bought this platform in October 2022 for $44 billion. Now, he has the most followed social media account in the world. Elon Musk's army of followers on X has reached the level of 185 million. A lot of the people who follow Musk and are subscribed to his updates are members of the Dogecoin community since Musk is a big fan of the iconic meme cryptocurrency DOGE. @cb_doge shared his admiration for Musk's ability to engage with his huge fan base on X, even though he is "one of the busiest individuals on the planet." xAl quickly catches up to OpenAl. According to a recent tweet published by an Al enthusiast Rowan Cheung, Elon Musk's latest venture, xAl, is already evaluated at 1/3 of OpenAl's value, even though the former is only 15 months old. OpenAl was founded nine years ago with the help of Elon Musk and his personal funds. xAl has raised $6 billion from leading investors to train new versions of the company's Al bot, Grok, in the recently started B funding series. So far, the 1.5 version has been launched and integrated on the X platform for Premium+ subscribers. Musk and xAl secure $6 billion funding. Musk also revealed to investors that xAl plans to build a huge supercomputer using 100,000 Nvidia H100 GPUs. The circle of investors interested in working with xAl includes Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research, Valor Equity Partners and Vy Capital. The post-money evaluation of Musk's company now comprises $24 billion.
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Bitcoin (BTC) Eyes Big Move to $75,000 If This Plays Out. Amid heightened anticipation and market activity, Bitcoin (BTC) tested the critical $72,000 resistance level three times in recent weeks. This repeated attempt to breach the formidable barrier has ignited speculation about the potential for a new all-time high (ATH) if the resistance can be decisively broken. Bitcoin's recent price action has been characterized by its struggle to break past the $72,000 mark. The $72,000 mark has become a line in the sand for Bitcoin, representing a level of resistance that has been difficult to overcome. This resistance level has proven to be a significant psychological and technical barrier for traders and investors alike. Each of the three tests of this level was met with strong selling pressure, preventing BTC from making a sustained move higher. However, should Bitcoin manage to break above this level, it could trigger a short squeeze, potentially catapulting the currency to a new all-time high (ATH) of $75,000. Market analysts and traders are closely monitoring Bitcoin's price behavior at this resistance level. The repeated tests suggest building momentum that could potentially lead to a breakout. Historically, such persistence often precedes significant price movements, as resistance levels tend to weaken with each successive test. Bitcoin requires breach of $72,000. Glassnode cofounders, named Negentropic on X, highlight the significance of BTC testing the $72,000 resistance level thrice. While this remains a formidable barrier, they note that a confirmed break above this key level could push BTC to a new ATH of $75,000. According to Negentropic, the $72,000-$74,000 range is marked by high supply and selling pressure. A sudden breach here could trigger a short squeeze, propelling BTC to unprecedented heights. In the very short term, the chances for Bitcoin range trading remain, with prices expected to range between $64,000 and $72,000. This consolidation phase might give altcoins a chance to shine.
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