Category: Optimism

Optimism Price Surges 23%, Market Cap Hits $2.6B

Summary: Optimism (OP) is a leading Ethereum Layer-2 Solution and it’s currently experience a 23% valuation surge just within 24 hours and is not trading at a sweet price of $2.08. The market cap of the token as also obviously increased and has reached $2.4 billion with a trading volume of $1.31 billion.

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What is Optimism ?

We’re all familiar with the terminology “Layer-2 Blockchain”, Likewise, Optimism is a laye-2 blockchain built on the ever so successful Ethereum which is a layer-1 blockchain. Optimism uses Optimistic Rollups to make sure the transaction process is efficient. Optimism is also highly regarded as one of the top scaling solutions as it uses Ethereum’s mainnet which is very secured while handling transactions. Optimism has a Total Value Locked (TVL) of over $500M and supports an extraordinary number of 97 protocol which includes Uniswap (UNI), Synthetix (SNX), and Velodrome (VELO).

OP Token Popularity

OP Tokens received a major reaction when it was first launched on a community airdrop on May 31. There were hundreds and thousands of Ethereum enthusiasts who used OP tokens as a go-to asset as it was available on major exchanges such as Binance, Coinbase and Kucoin at that time. That’s not all because accessing Optimism is also fairly easy, all users have to do it connect their wallets like MetaMask and Bridge asset such as ETH to use its efficiency.

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South Korea Busts $230M Crypto Scam: 215 Arrested, 15,000 Victims

South Korea busted a huge $230M crypto scam, with over 15,000 victims suffered by their scam, most of the them were old people. This scheme was apparently run by a Youtuber with over 620K subs. Cops arrested him including 215 helpers, and tracked over 1400 accounts and seized $1.9M in Bitcoin. The mastermind for this was caught in Australia and the hunt for fund is still on.

South Koreans have just cracked down a massive organization that had managed to defraud over 15K investors including vulnerable older citizens , out of 325 billion won. According to a report by Gyeonggi Southern Provincial Police Agency’s Anti-Corruption and Economic Crime Investigation Unit, they have arrested 215 people associated with the scam. Among them 12 were considered higher level organizers of the plan. Every one of the suspects now face charges under South Korea’s Aggravated Punishment Act for Specific Economic Crimes.

The scam was mostly successful because of the influence of a youtuber who goes by the name “Mr. A”, he is the alleged ring-leader of this scam. He used his influence to lure in  investors with claims of quick riches, encouraging some to even sell their homes and take out loans to buy crypto assets that would supposedly yield “20 times the principal.” 

The scam was active from December 2021 to March 2023, and offered 28 different types of cryptocurrency tokens, six of which were self-created and listed on overseas exchanges to attract buyers. The scam was cruel on so many levels, victim’s personal info were also misused, many of them lost their life’s savings in this scheme. The alleged leader Mr.A ran away from South Korea and was eventually arrested in Australia.

Police reported that they found across 1444 bank accounts and seized 22 bitcoins which is worth $1.9 million, and requested court approval to confiscate approximately $34 million linked to the scam. They are now working on to get victims money returned to them and prevent further financial crimes.

Amazon Accelerates AI Chip Development to Reduce Nvidia Reliance

Amazon is cooking up its own AI chips to cut costs and break free from Nvidia’s grip. Their brand new chip Trainium 2 drops in next month with big names such as Anthropic and Databricks already hopping on to test it. Amazon claims its Inferentia chips will save 40% on AI model costs, which makes it ready for big-time massive budgets. They’re pouring billions into tech, but with Nvidia’s still being the top dog, with its rank staying as much as Amazon’s entire AWS division.

Amazon is busy on developing its new artificial intelligence chips which is supposed to boost returns on its semiconductor investments and result in overall reduce in dependency on Nvidia. Its development is being led by Annapurna Labs, it acquired this lab in 2025 for $350 million.

Amazon says, this chip development aims to improve data centers efficiency and offers customers with tailored options in the cloud AI market. It will do so by optimizing chips for specific tasks, unlike Nvidia’s which focuses more on general purpose tools. Amazon claims their “Inferentia AI chips” to be 40% cheaper to run for general AI models response generation. This may actually not sound like it matters for small stuffs but is actually huge for budgets in the millions. They are also spending a lot, $75B on tech in 2024. Additionally, this is still lot more considering their 2023 budget, and it is probably going to have gone up even further the next year. According to an Annapurna official, maintaining smooth operations requires developing entire systems from the ground up rather than merely designing chips.

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Amazon has made numerous tries, but it has yet to match Nvidia’s dominance in AI chips. According to reports, Nvidia made $26.3 billion in sales from AI data center chips in just its second fiscal quarter of 2024, which is equal to the whole revenue for Amazon’s AWS division during the same time frame.

HyperCycle’s Strategic Fork Paves the Way for AI Expansion

So basically, HyperCycle which is a peer to peer (P2P) AI network infrastructure. It has just recently announced a major expansion to accommodate rapidly increasing demand. They are splitting into two paths: H.M (open-source for decentralized AI devs) and H.H (hybrid for enterprise AI with zero fees). Both of them will work together in bridging decentralized and traditional systems while scaling their network.Token holders will even get airdrops of METC which is a new token for H.M. This move absolutely solidifies HyperCycle as a key player in secure, scalable AI networking for devs and big tech alike.

HyperCycle is basically a peer to peer AI network infrastructure designed to enable a secure, scalable and a decentralized connectivity for every artificial intelligence systems. It uses blockchain and advanced cryptographic technologies which allows AI agents to interact, transact and even share resources in a decentralized manner. The infrastructure has announced their expansion by working with a strategic leadership and non-contentious fork aimed at maximizing the platform’s scalability and broadening its reach across AI sectors.

They are going for a dual path approach, referred to as HyperCycle.MetaCycle (H.M) and HyperCycle.HyperCycle (H.H). They will allow HyperCycle to better serve both traditional and decentralized AI markets which will ultimately ensure secure and networked growth for the AI ecosystem.

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In short, HyperCycle is forking twox paths: H.M (open-source for decentralized devs) and H.H (hybrid for enterprise AI) to stay connected and let AI agents work seamlessly. The main focus of H.H is on B2B licensing and zero fees while H.M. is more focused on transparency and decentralized AI. H.M. is even backed by big names like SingularityNET, which is one of the top AI crypto platform.

This dual model is similar to Android vs iOS but for AI, as its bridging centralized and decentralized worlds in order to create the “internet of AI” which is secure and scalable for future.

MicroStrategy Increases Bitcoin Holdings to $22 Billion

In brief, investing $2 billion to purchase an extra 27,200 Bitcoin, Michael Saylor’s MicroStrategy has once again made a substantial addition to its holdings. With this most recent acquisition, MicroStrategy’s total Bitcoin holdings now total an incredible 279,420 BTC, which is currently valued at nearly $22 billion. Saylor’s aggressive plan to establish his business as one of the biggest institutional Bitcoin holders is strengthened by this action.

MicroStrategy’s Latest Bitcoin Investment

Michael Saylor’s software giant, MicroStrategy, continues to double down on its ambitious Bitcoin acquisition strategy. Saylor revealed the company’s most recent acquisition of $2.03 billion worth of Bitcoin on November 11, increasing its current holdings by 27,200 BTC. MicroStrategy has secured its position as a prominent corporate Bitcoin holder by increasing its total Bitcoin reserves to 279,420 BTC since the business began investing in Bitcoin in 2020. The average purchase price for this recent acquisition was approximately $74,463 per BTC, according to MicroStrategy’s public disclosures.

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Bitcoin’s Boom After the Election

MicroStrategy’s acquisition coincided with a time when Bitcoin was experiencing strong upward momentum. The price of Bitcoin has surged since Donald Trump was elected president, hitting a fresh high of $83,400. Rekindled confidence about pro-crypto policies and favorable macroeconomic conditions have increased investor demand for digital assets. Bitcoin’s market value alone has increased to $1.6 trillion due to post-election inflows and continued interest from both institutional and individual investors. Since Trump’s victory, the cryptocurrency market has seen an infusion of over $500 billion, much of it focused on Bitcoin, enhancing its standing as an inflation hedge and store of value.

Getting Money to Purchase More Bitcoin

MicroStrategy revealed intentions to raise an additional $42 billion through debt and stock transactions to support its aggressive buying strategy, which will enable the company to keep accumulating Bitcoin. Saylor, a strong supporter of Bitcoin, believes that it is a better store of value than conventional investments. In a recent interview, Saylor stated, “As part of our long-term strategy, we are focused on increasing our Bitcoin reserves as institutional demand grows.”

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Market optimism and record inflows

The investment by MicroStrategy coincides with a surge in market interest in digital assets, as evidenced by the record $31.3 billion in inflows into cryptocurrency products so far this year. According to experts, this spike in inflows, which was sparked by Trump’s victory and investor optimism, may encourage further appreciation of Bitcoin and other digital assets. Analysts advise investors to use caution when navigating the current bullish environment, pointing out that the sharp increase may potentially contain hazards of market excitement.

Near Protocol Aims to Create the World’s Largest Open-Source AI Model with 1.4 Trillion Parameters

Near Protocol just dropped in major updates! They’re currently working on the largest open-source AI model with 1.4 trillion parameters, revealed at the Redacted conference in Bangkok. Not only that, NEAR’s mainnet now also works with MetaMask and all Ethereum wallets, so ETH users can jump in without switching wallets. This led to NEAR’s price to surge by 9% to $5.17, boosted by a huge 139% increase in trading volume after the conference.

On a Redacted conference recently held on Bangkok, Thailand, Near Protocol made an announcement of their ambitious plans for the new AI model they are building. This one is supposed to be the largest open source Artificial Intelligence model in the world. It will contain 1.4 trillion parameters which in perspective is 3.5 times larger than the current open source Llama model by meta.

The project also involves support of collaborations s from the new hub Near AI Research and will be created through crowdsourced research and development. As of November 10 some participants in Bangkok are already able to start training a small model with almost 500 million parameters. Furthermore, the plan is looking to proceed by collaborating with the ones who would make the leap to work on progressively more complex models. Which means the project is bound to grow in size and sophistication through several models, seven to be exact.

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Price Outlook of NEAR

As the time of writing, Near Protocol’s token NEAR is priced at $5.33 with a 24 hour trading volume of almost $1.5 billion. This gives off a very positive vibe as it has managed to increase by 9.78% in just 24 hours and a whopping 44.39% increase in the past seven days. This momentum could break this coin way above its resistance level if it continues on till next week. With a circulating supply of bout 1.2 billion NEAR tokens, the platform is valued at a market capitalization of $6.4 billion.

Shiba Inu Developer Proposes U.S. Blockchain Innovation Hub as SHIB Pumps 40%

In brief, Shytoshi Kusama, the principal inventor of Shiba Inu, recently suggested creating a “Silicon Valley for crypto” in the US. This ambition, which corresponded with a noteworthy 40% increase in SHIB’s price, seeks to establish the United States as a leader in blockchain innovation.

A Developer of Shiba Inus Shares Their Vision

Kusama presented a strategy plan to create a blockchain innovation hub in the United States, which he hopes would become a multibillion-dollar “Silicon Valley for crypto.” He said he hoped this program will push the United States to adopt blockchain technology and catch up to the world’s leading innovators in digital assets.

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SHIB Increase of 40%

SHIB’s price surged 40% after the revelation, hitting $0.00002727 in a single day. SHIB has increased by more than 65% per week, despite being 68% below its peak of $0.00008616 in October 2021. Although Kusama’s strategy may not have been the main force behind the pump, favorable market conditions most likely contributed to SHIB’s upward trajectory.

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Future Objectives of the Shiba Inu Foundation

The Shiba Inu foundation intends to publicly offer the hub proposal to the incoming U.S. administration, Kusama hinted. The foundation further highlighted the project’s goal of promoting worldwide blockchain adoption by indicating that financing from their D.O.G.E. initiative might help fund this ambitious effort.

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Finally, Kusama’s plan has renewed interest in and optimism for SHIB, marking a persistent push for strategic expansion and practical implementation within the Shiba Inu ecosystem.

Tether Partners with Canadian Authorities to Recover Stolen Cryptocurrency

Tether made headlines after helping Canadian police recover $10K CAD in stolen crypto. They froze the funds and managed to get it back to the owner. This cooperation highlights Tether’s support for law enforcement, despite its history of scrutiny over transparency. CEO Paolo Ardoino emphasized their commitment to fighting cybercrime, highlighting on Tether’s work with agencies worldwide. However rumors still swirl about Tether’s legal issues, but more importantly they’re staying focused on expanding globally.

After a long time of staying underground, Tether has finally stepped back into the spotlight. This time its for assisting the authorities in solving a crypto crime. Reportedly, the stablecoin firm helped the Ontario Provincial Police officially in solving a crypto robbery crime worth  $10,000 CAD. Their amazing help showcased the company’s overall increase in commitment to help authorities address crypto-related crimes.

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Ontario Provincial Police Acknowledge Tether’s Role in Recovering Stolen Crypto

The OPP wasted no time in thanking Tether for their assistance in successfully recovering the crypto funds. With the help of Tether, the investigators managed to freeze $7,186, or 10,000 Canadian Dollars in USDT, from the suspect. According to detectives, Tether’s help ensured the quick recovery of the stolen crypto assets and also commended  the crypto firm for its voluntary assistance, which ultimately facilitated the return of the funds to their rightful owner.

Tether’s Response

Paolo Ardoino, Tether’s Chief Technology Officer quickly released a statement after the successful recovery of funds. In the statement he emphasized on the company’s  commitment on helping law enforcement fight through cyber crime. Ardoino further stated that Tether would hold criminals accountable and support all victims. Recently they have even strengthened its efforts especially to help law enforcement.

With this the company has now collaborated with over 195 law enforcement agencies in over 48 countries and are aiming on expanding even further.

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Polygon Jumps 40% in a Week – Is a Push to $0.45 on the Horizon?

Polygon’s token POL has shot up by over 22% this past week and market vibes show it could climb even further and possibly hit that $0.45 mark soon. Analysts are debating on where this token is headed next. Crypto analyst Man of Bitcoin believes on its potential for more gains pointing to an Elliott wave 5 pattern that could mean another push up.

Polygon, also known as POL or MATIC is a very popular cryptocurrency and blockchain network designed specially to make Ethereum based projects more fast and cheap. Polygon assists on solving these problems through its “sidechains”, which are basically a chain of mini-networks running alongside Ethereum to handle transactions more efficiently. Additionally polygon tech also helps in development in DeFi apps, NFTs, and other projects without worrying about high fees. It is widely used by developers as it makes things much easier and it has a strong community supporting it.

POL token is on a uphill ride recently, with reaching over 40% gain in a single week. A Crypto analyst Man of Bitcoin says Polygon still has room left to rise, highlighting what’s called an “Elliot wave 5 pattern”. This pattern basically means a signal in technical analysis that hints the asset might be heading for another rally. In simple terms, it breaks through price movements into 5 different waves with the final “wave 5” often marking a strong push upward before any cooldown. So, if this works out POL can experience another boost pretty soon.

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Polygon Price Outlook

As the time of writing, Polygon’s token MATIC is priced at $0.4146  with a 24 hour trading volume of $23,890,287. This indicates an impressive 9.31% rise in the past 24 hour and an amazing 40.33% rise in the last seven days. It currently holds a circulating supply of staggering 2.6 billion MATIC tokens and covers a market capitalization of about $1.07 billion. Backed by its recent positive rise, its placed comfortably at the 92th position in worlds top crypto list.

Notcoin’s 15% Surge Catches Investor Attention – Is More Growth on the Horizon?

Notcoin (NOT) just popped off with its double digit gain by showing a bullish falling wedge pattern on the charts. Tech indicators even suggest that it might be able to hit a consolidating phase soon. This spike doesn’t only point towards strong market vibes but also gives this token NOT, a chance to bounce back from its recent losses.

Notcoin is an altcoin, an emerging cryptocurrency that works on blockchain technology and basically represents a high-risk, high-reward opportunity typical of new or smaller cryptocurrencies. Its token is called NOT and its getting major traction lately.

According to CoinMarketCap’s data, Notcoin is looking over serious gains over the last week. Profits have risen up by almost 10% in seven days and that’s not all as the token’s price surged nearly 15% in the last 24 hours alone. However, despite this price hike only 479k NOT addresses are in profit which is mere 17% of the total number of addresses. But hope is not all gone as analysts believe this trend can most probably change soon.

Reportedly, NOT has just hit a key level after a major price jump. Crypto analyst World Of Charts even pointed out a bullish falling wedge pattern that has been cooking since June, with NOT now consolidating tightly. Clearly NOT is nearing a resistance test and if it manages to break out, it will quickly recover its past losses.

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NOT Price

As of the time of writing NOT token is trading at  $0.00783 with a 24 hour trading volume of $703,986,862. This indicates a 5.91% increase over the past 24 hour and an amazing 40.10% increase over the past week. This sort of increase is rarely seen in any altcoins, also with experts hyping this up, this really might be on verge of its next big surge in the market. It currently has a circulating supply of 100 billion NOT tokens and market cap of about $800 million.

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