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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.

Dogecoin Nears Breakout as ETFSwap (ETFS) Forecasts Unprecedented 65,000% Surge by 2025

In short, Dogecoin is looking for a breakout as its potential to push ETFSwap (ETFS) is ready to skyrocket by 65,000% by 2025. ETFSwap is next gen DeFi platform which offers tokenized EFTs in areas like real estate and healthcare, with crazy staking rewards and AI tools for smart investments. DOGE’s buzz and the recent rise of market activity is fueling up this hype especially after ETFSwap presales already booming at $0.05769 per token. This means Doge is ready to disrupt the crypto game pretty soon !

Considering the changing nature of cryptocurrency market, analysts are closely monitoring the movements of a particular memecoin named Dogecoin. The reason for this is that many believe DOGE token is on the verge of a probable massive breakout which could lead to an impressive 65K% rally in the price of ETFSwap (ETFS) by 2025.

About ETFSwap

ETFSwap is a DeFi platform that lets users to invest in tokenized ETFs such as real estate and health care which comes with their crazy features like 10X and even 50x returns, not only that, 87% APY is also given for staking. As Dogecoin (DOGE) gears up for its breakout, ETFSwap is also getting ready for huge benefit, with a wuld 65,000% rally predicted by experts till 2025.

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Dogecoin Price Forecast

On November 12, 2024 the price of Dogecoin’s token DOGE is $0.4039 and it holds a 24 hour trading volume of about $30 billion. This impressive report suggests a 44.37% increase of its price over the last 24 hours and a staggering 144.44% increase over the past seven days. It currently holds a total 150 billion DOGE coins circulating worldwide and is valued at a market capitalization of massive $59 billion.

HIVE Digital Expands with 6,500 New ASICs and Paraguay Mining Facility

In brief

With the acquisition of 6,500 additional ASIC miners and the building of a 100 megawatt renewable energy mining facility in Paraguay, HIVE Digital is increasing its mining capacity. These steps will assist HIVE reach its goal of sustainable growth by boosting capacity and efficiency.

HIVE Acquires 6,500 ASIC Miners

HIVE Digital has ordered 6,500 advanced ASIC miners from Canaan Inc., each offering 185 terahashes per second. The first 500 units will arrive this week, with the remainder expected by early 2025. This upgrade will raise HIVE’s mining power to 6 exahashes per second by March 2025.

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Increasing Mining Efficiency and Capacity

HIVE anticipates increasing its mining capacity and efficiency with a higher hashrate. Following the announcement, the company’s stock increased by more than 15%, indicating that the market was confident in its strategic improvement.

Sustainable Infrastructure in Paraguay

HIVE is currently building a 100 MW renewable energy mining operation in Paraguay in conjunction with the ASIC update. HIVE’s capacity is anticipated to reach 12.5 EH/s by late 2025, with the first 30 MW projected to be operational by early Q2 2025.

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Conclusion: With new, energy-efficient miners and a renewable energy facility, HIVE is expanding sustainably and positioning itself for growth in the Bitcoin mining sector.

Deutsche Telekom Partners with Meta Pool to Advance Decentralized AI on NEAR Protocol

The team up of Deutsche Telekom with Meta Pool is creating huge buzz over decentralized tech. These two giants have teamed up in order to run a validator node on NEAR. This collab is ready to boost NEAR’s security and scalability by blending blockchain technology, AI, and privacy. This initiative really pushes boundaries for decentralized apps and eco-friendly blockchain. With Deutsche Telekom’s tech power, they’re surely leveling up NEAR and setting the vibe for a user-first, privacy-driven, decentralized future.

Decentralized technology has just taken a huge leap by the collaboration of Deutsche Telekom MMS and Meta Pool. They have collaborated as a part of  Enterprise Node Operator (ENO) program, which is a program by Meta Pool that is specially designed to connect major industry players with decentralized blockchain ecosystems. This collab leads to the program becoming first ever telecommunications giant to operate a validator node on the NEAR blockchain. Furthermore, it also gives signs of a new era of enterprise-driven blockchain adoption, powered by Meta Pool.

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This ENO program by Meta links big names with decentralized tech. By joining, Deutsche Telekom powers up NEAR’s network with top-tier infrastructure, making it more stronger and faster. This partnership is a big win for Meta Pool as it succeeds in fulfilling its very main goal of taking NEAR’s blockchain to the next level, especially focused on enhancing both scalability and security of the system. Deutsche Telekom joins in on this to push innovation in scalability, privacy, and their multi chain systems even further all of this in order to create a user-first, decentralized future focused on data privacy and transparency. With their expertise, NEAR is sure to level up its decentralization game and reshape the landscape of blockchain.

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.

Nano Labs Embraces Bitcoin Payments as Strategic Move in Digital Economy

In brief, In a strategic move toward digital finance, Nano Labs, a Chinese company that designs cryptocurrency-mining chips, has begun to accept Bitcoin as payment for its goods through Coinbase. The action demonstrates Nano Labs’ dedication to a “long-term vision” in the developing digital economy and is in line with growing interest worldwide in crypto-enabled transactions in the technology industry.

Bitcoin Payments and Strategic Vision

Nano Labs, based in Hangzhou, announced its acceptance of Bitcoin payments, facilitated through a Coinbase business account, to meet the increasing demand for cryptocurrency in cross-border transactions. This decision is part of a broader plan to align with digital economic trends. The company has yet to clarify if it will hold Bitcoin on its balance sheet.

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Effect on the Stock and Market Reaction

Strong investor interest and trust in Nano Labs’ trajectory toward embracing bitcoin was demonstrated by the 5.6% increase in the company’s stock price to $3.40 in pre-market trading after the announcement.

Background of the Organization

The Cuckoo and Darkbird chips are the products of Nano Labs,a fabless IC designer founded in 2019 by Kong Jianping and Sun Qifeng. The company has made a substantial amount of money in China since going public in July 2022, demonstrating its position as a major technology supplier in the area.

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Crypto Inflows Surge Post-Election to $31.3 Billion YTD

In brief, to date, cryptocurrency investment products have seen record inflows of $31.3 billion, with $1.98 billion coming in immediately following the U.S. election. Driven by positive market circumstances and political changes, Bitcoin leads these gains, followed by robust investments in Ethereum and other altcoins.

AUM and Inflows Hit Records

Post-election inflows of almost $2 billion into cryptocurrency products increased year-to-date totals to an all-time high of $31.3 billion and worldwide AUM to $116 billion. With $1.95 billion, the U.S. led this increase.

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Bitcoin Leads Investor Optimism

Bitcoin alone attracted $1.8 billion last week, reflecting renewed investor confidence following the U.S. Federal Reserve’s recent rate cut and political shifts, according to CoinShares’ James Butterfill.

Activity on Ethereum and Other Cryptocurrencies

With $157 million in inflows, Ethereum had its best week since the July launch of the ETF. Blockchain stocks saw $61 million, indicating a wider interest in digital assets, while altcoins like Solana, Uniswap, and TRON also profited.

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Prospects for the Future and Analyst Forecasts

Analysts predict that traditional investors would increase their investments in crypto-focused exchange-traded funds (ETFs) after Trump’s victory. Cameron Winklevoss of Gemini forecasts that the price of Bitcoin will rise further, with a target of $100,000 in sight.

In conclusion, with significant inflows and strong anticipation regarding Bitcoin’s future trajectory, the U.S. election and favorable market circumstances have established a bullish tone for the cryptocurrency space.

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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