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Balaji Srinivasan Says Crypto Will Become Money in the Age of Artificial Intelligence – Here’s Why $SOL Former Coinbase executive Balaji Srinivasan thinks crypto will serve as the money of an artificial intelligence (AI) age. Srinivasan tells his 1 million followers on the social media platform X that crypto represents “digital scarcity” and AI represents “digital abundance.” He notes that AI won’t make everything abundant, however.#BinanceTournament #AirdropGuide #BTCFOMCWatch

Balaji Srinivasan Says Crypto Will Become Money in the Age of Artificial Intelligence – Here’s Why

$SOL

Former Coinbase executive Balaji Srinivasan thinks crypto will serve as the money of an artificial intelligence (AI) age.

Srinivasan tells his 1 million followers on the social media platform X that crypto represents “digital scarcity” and AI represents “digital abundance.”

He notes that AI won’t make everything abundant, however.#BinanceTournament #AirdropGuide #BTCFOMCWatch

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#ETHETFsApproved #BinanceTournament #BTCFOMCWatch The Pulse of the Market – How Fear and Greed Shape Cryptocurrency Trading In the high-stakes world of cryptocurrency, market sentiment often swings wildly, driven by speculation and the whims of influential voices. $PORTAL Unlike traditional financial markets, crypto values can skyrocket or plummet based on the collective mood of traders, making it essential to stay attuned to these emotional undercurrents. Consider the sway of figures like Elon Musk and Michael Saylor – their tweets and public statements can send ripples through the market, causing dramatic shifts in value almost instantaneously. For instance, Musk’s tweet about Bitcoin’s environmental impact led to a swift sell-off, underscoring how susceptible crypto prices are to influential opinions. $ADA These events highlight the importance of understanding market sentiment to navigate the crypto landscape effectively. Given this volatile environment, tools that measure market sentiment are invaluable.
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Hedge Funds Front-Running Ethereum ETF Approvals, According to VanEck Analyst Financial institutions are likely in the process of positioning themselves for the launch of spot Ethereum (ETH) exchange-traded fund (ETF), according to a VanEck analyst. Matthew Sigel, head of digital assets research at VanEck, says that hedge funds are front-running the approval of ETH ETFs in the US.Sigel cites data from K33 Research showing a large spike in inflows to Ether exchange-traded products (ETPs) out . Sigel also shares a chart from blockchain analytics firm CryptoQuant showing a downtrend of ETH supply on exchanges, suggesting an accumulation of Ethereum from large players.#BinanceTournament #ETHETFsApproved #BTCFOMCWatch
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#BinanceTournament #ETHETFsApproved #AirdropGuide $ETH BlackRock CIO Says Registered Investment Advisors ‘Wary’ of Bitcoin ETFs Cohen, who serves as BlackRock’s CIO of ETF and index investments, says that self-directed investors likely make up 80% of the Bitcoin ETF investments, reports CNBC. $BTC She also notes that hedge funds and brokerages have been accumulating Bitcoin ETF shares. But Cohen says one investor cohort has yet to take the plunge in the investment vehicle.Cohen believes that registered investment advisors (RIAs) are still in the early stages of the Bitcoin ETF adoption story.
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#BinanceTournament #ETHETFsApproved #AirdropGuide $600,000,000 Leaves Crypto ETPs Following More-Hawkish-Than-Expected FOMC Meeting In its latest Digital Asset Fund Flows report, CoinShares says that institutional investors are likely reacting to a more “hawkish-than-expected” Federal Open Market Committee (FOMC) meeting last week. According to CoinShares, the FOMC’s dot plot is the likely cause of the crypto losses. The dot plot records each member of the committee’s personal opinion on the appropriate interest rate for the central bank at a given time period. According to the FOMC’s most recent dot plot, most of the committee doesn’t see interest rates lowering before next year. The US region saw massive outflows of $565 million, with Canada, Switzerland and Sweden piling on $15 million, $24 million and $15 million in outflows, respectively. Meanwhile, Germany brought in $17 million in inflows.
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#BinanceTournament #BTC Solana-Based NFT Platform Defies Sideways Crypto Market, Surges by About 30% This Week Amid Increased Activity $SOL Metaplex (MPLX), which aims to facilitate the creation, sale and management of NFTs, clocked price gains this week after it drew attention to its swelling on-chain activity. The project notes on the social media platform X that 834,000 unique wallets directly signed transactions with its protocol in May, its highest month of all time.$BTC Metaplex has also registered a notable amount of development activity recently. On Wednesday, the crypto analytics platform Santiment ranked the project third among all NFT-related protocols in terms of its number of notable GitHub events in the past 30 days.
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