Category: Web3

Could This $0.035 AI Crypto Be the Next Ethereum Challenger?

Summary

CYBRO, an AI crypto priced at just $0.035 is catching major hype currently. Even experts have come forth saying this could blow up to $100 by 2025. While OGs like XRP and ADA seem to be on a losing streak, this new coin may shake up the market.

CYBRO is a new player in the DeFi space that offers an AI-powered platform designed to simplify user portfolios. Its main attraction is cashbacks, airdrops and reduced trading fees. Its AI tools will help users select the best vaults based on various aspects. Its presale made a lot of transactions, almost $3million which led to experts believing a potential of 1200% return of investment in the near future. That’s the reason its been listed on one of the top AI with potential in 2024. In addition to their tokens, CYBRO is giving away different ways to earn more such as specil points, referral programs, CYBRO airdrops and much more. Holders of CYBRO are able to enjoy lucrative staking rewards, exclusive airdrops, reduced trading and lending fees and cashback on purchases within the platform.

With such facilities provided to users and new projects being introduced constantly, experts believe this coin could amount to $100 by 2025. While a portion remains hesitant in investing on it.

SUI Network Announces AI Integration Plans

Summary

SUI network has just dropped its plans for mixing AI with blockchain to boost security and efficiency in their next projects. SUI foundation has also denied every accusations regarding insider token sales.

On X, Kostas Kryptos promoted this act by sharing a sample screenshot. If this continues on, people believe SUI will out AI everyone else.

VC giant Andreessen Horowitz (a16z) explained how integrating blockchain and Artificial Intelligence could be beneficial. Furthermore, he also noted that the number of crypto projects offering AI services and functionalities has surged from 27% in 2023 to 34% in 2024. He also said how Near Protocol is a great example of a project that successfully addresses  “content verification and intellectual property” issue within the AI sector. Other altcoins, like technical setup in Aptos (APT), are also looking for SUI like rally ahead.

Last week, SUI Foundation faced some serious accusations of $400 million in insider selling of the SUI tokens. In defense, SUI claims that neither insiders nor Mysten Lab employees or Mysten Lab investors had sold anything near $400 million worth of tokens. They assured the public that reportedly, no early token sales had occurred.

SUI Performance Lately

SUI has surged by nearly 500% over the past year, making it one of the top performers in the market. As of October 21, 2024, SUI’s market price is $2.12 with a 24 hour trading volume of $796,002,450. This shows it has increased by 3.44% in the last 24 hours but if we consider 7 days it has dropped by 5.29%. Regardless, with a circulating supply of 2.8 Billion SUI and a market cap of $5,871,067,161, it is comfortably placed at top the 22th position in the market.

Learn more about SUI’s market rollercoaster here.

What is Goatseus Maximus (GOAT) and why is it trending?

Summary

Goatseus Maximus is the most talked about crypto platform right now and rightfully so because it has been moving up continuously. This simple crypto token has made people millionaires.

Goatseus Maximus ($Goat) is a meme token that operates on Solana blockchain. Its recent attention in memecoin market is all thanks to an ai bot called Truth Terminal, which helped propel it to a peak market cap of $150 million in just few days. It is also the reason Truth Terminal has become a millionaire. The token operates on solana market and has been traded on several active markets.

The token reportedly grew by 12,000% in the first 24 hours of its launch. More importantly, it is showing no signs of falling out with its rising demands among crypto enthusiasts. GOAT price has surged to a new ATH of $0.4664 just a few hours ago, and much more might come with this popularity. The creator of this coin is unknown, however the AI bot that has been caretaking it has become the first AI to become a millionaire. It really did make this token into a super memecoin. The creator of truth terminal said he wanted to develop a meme themed cryptocurrency one day and interestingly so that dream turned into reality.

The bot began posting about the GOAT singularity and revealed that he had an idea, that “I have an idea for a new species of goatse,” later naming it Goatseus Maximus. With this idea, someone created the memecoin and tagged Truth of Terminal, which decided to endorse it in its posts. The bot also invested lots into GOAT tokens and now is a millionaire. With continuous promotions, both the ai bot and GOAT helped each other become multi-million dollar owners. One can buy Goatseus Maximus on Lbank, Raydium and Orca.

As of October 20, the price of Goatseus Maximus (GOAT) is $0.384 with a 24 hour trading volume of $207,013,769. This does represent a 4.42% price decline in the last 24 hour but it is still increasing considering the past 7 days. With a circulating supply of 1 Billion GOAT, Goatseus Maximus is valued at a market cap of staggering $388,063,586.

Bitcoin Miners Divided: Holding Bitcoin or Invest in AI?

Summary

The crypto mining industry has split into two and confused on which side to go with. After the recent halving event of Bitcoin many miners have shifted to AI in hopes of increasing stocks while there is a major portion still holding onto bitcoin.

The halving event that occurred six months ago has made reward for bitcoin miners 3.125 BTC, which is very little compared to what it could reward in prior years. A halving event occurs in order to prevent inflation and stabilize the coin in the market. It reduces the number of bitcoins entering circulation. As the supply decreases, halving events have historically led to increased demand and price appreciation. This is the reason why people are still holding onto it.

Meanwhile people who have left bitcoin and invested in AI are experiencing immediate gain. Core Scientific got out of bankruptcy after shifting its focus to AI by upgrading data centers to handle high performance computing. Similarly TeraWulf’s stock has become more than double after investing in AI data centers. This shows how investing in AI right now might be the right choice but many speculate bitcoin will take over in the long run.

An another portion of miners are holding onto bitcoin to avoid losses, if they leave the shares stay afloat and sell at the correct time. This uncertainty and splitting of miners has created buzz over the internet, each path carries risk but each option also allows miners to maintain profitability while they wait for Bitcoin’s next bullish cycle.

Learn about Bitcoin’s role in shaping the future of Defi here.

Hong Kong’s Fraud Empire Exposed : Police Arrests 27 Individuals

Summary

Hong Kong police have managed to take down a notorious fraud syndicate responsible for stealing HK $360 million using romance scams connected to cryptocurrency platforms. The arrested 27 people revealed how they used deepfake and digital media expertise to fool victims across Asia.

Hong Kong police reported that they have dismantled a cross-border fraud syndicate, arresting 27 individuals responsible for defrauding victims of HK$360 million through romance scams. The operation targeted a highly organized group operating locally and overseas.

The scam started by first initiating a fake love relationship with the victim and luring them into buying sketchy cryptocurrency platforms, similar to Vietnam case. Most of the victims were men, scammers used deepfake to change their appearance and made video calls to convince them to invest into their platforms. The fraud ring produced a “training manual” in Chinese and English, teaching scammers different deception techniques. Arrested individuals’ ages ranged from 21 to 34, with several holding academic qualifications.

They operated from an industrial building Hung Hom for about a year, the group hired university graduates, especially from digital media, to serve as technology experts. The fraudulent platform ran like a legit business. Police seized over 100 phones, computers and luxury watches during the raid.

This case shows how cybercrime involving cryptocurrency and artificial intelligence are becoming more common lately.

Truth Terminal has become the first AI crypto Millionaire

Summary

Truth Terminal, an AI bot that was initially funded with a $50K, has become a millionaire. This is the first time an AI reached millionaire status. It’s all thanks to the strategic investments it made in meme tokens.

An autonomous AI bot called Truth Terminal has managed to become the first ever AI bot to be a millionaire. Marc Andreessen, the one who funded this AI bot now holds a million dollar portfolio. Truth Terminal operates automatically on twitter and interacts with blockchain systems. It is completely capable of making its own financial decisions, primarily including crypto trades and token management.

Meme tokens like Fartcoin and Goatseus Maximus (GOAT) are behind the success of Truth Terminal. Just few days ago, this bot was sent 20 million Fartcoin at a value of $40K, which within hours became $127K. This gain became a huge leap for Truth Terminal’s portfolio, so much so that it reached a million. However, this appears nothing compared to the profits made from investments in GOAT. GOAT tokens surged 180% in the past week pushing forward Truth Terminal’s holdings from initial $20K to $500K. GOAT’s overall market value has crossed $400M, further boosting bot’s overall portfolio.

Andreessen stated that even thought he acknowledges his early funding to the bot, he has no involvement in GOAT business, but GOAT is a notable part of truth terminal’s portfolio. Its value surged by 260% over the last month. As of October 18, the price of the GOAT token had reached $0.40, a 20% surge in the last day with increased demand from retail and institutional investors. This really shows how precise Truth Terminal’s investment decisions were. Hence, the overall report reveals a remarkable potential of artificial intelligence in the realm of finance, especially meme tokens.

To read articles on meme coins click here.

Meta Unveils ‘Movie Gen’: A Game-Changer in AI-Powered Movie Creation with Synchronized Audio

The new AI suite “Movie Gen” announced by Meta on October 4 can generate photorealistic movies with sound effects and music. It converts your text prompt into a movie. The movie can be up to 16 seconds long.

Even though this is not the first AI to have the ability to create movies, this one uses the latest technology which makes it different. Meta’s blog post reveals that it outperformed its competitors in every test human participants conducted. Movie Gen can create a 16-second movie with 16FPS and even though it does not match Hollywood’s standard of 24FPS, it is not that far below. Professionals consider it acceptable for quality movie imagery. This new model could revolutionize content creation, allowing for the production of entire movies from simple text prompts or editing of existing visuals. It also aids to video editing, for example, replacing or adjusting objects in the background, making certain characters carry something, etc., which makes VFX easier and gives creators unprecedented flexibility and creative control.

The most notable innovation in Movie Gen is its ability to generate up to 45 seconds of synchronized audio with complete sound effects and background music. Meta claims it seamlessly aligns audio with motion-generated videos, offering an immersive experience.

Content creators and filmmakers are eagerly waiting for its launch. Meta stated Movie Gen needs further safety testing before its release to avoid violating Meta’s policies.

To learn about how AI is a double-edged sword click here.

Explosive Growth: Near Protocol caters to 3 million daily users

Near Protocol shows no signs of backing down from the top as its active users has exceeded a staggering 3 million. This represents the success of AI and blockchain as a whole.

NEAR protocol has 3 million active users as reported by cryptorank. This achievement cements it as the top platform in AI and also a major player on the wider blockchain world. Both Tron and Solana couldn’t manage to get that number in the same period.

Growth of AI cryptocurrency market coincides with the growth of NEAR. This shows that blockchain and AI are becoming more and more intertwined. The most important factor influencing users to engage on NEAR is the rapid growth in AI related decentralized applications. Reportedly, dApps have increased by 70% compared with the previous quarter in Q3. It is also one of the most anticipated coin to surge in Q4.

According to a survey, AI dApps garnered 4.3 million daily unique active wallets, this really shows the growing interest in this sector of the cryptocurrency industry. NEAR protocol followed this trend by establishing collaborations with major corporations such as Nvidia and Alibaba to increase its AI capabilities.

With such collaborations and following the market trend, NEAR has shown strong growing ecosystem. The ecosystem is still experiencing positive growth, however market sentiment remains cautious as the price of the protocol decreased by 2.36% to $4.87, along with a more than 30% decrease in trading volume.

Truflation launches AI index to track generative AI

Truflation is a blockchain based project project that collects economic data from various sources in order to provide accurate information about inflation of goods and services. It is a project that uses blockchain technology and a DePin network (called the Truflation Stream Network, or TSN) to collate accurate, real-world economic data.

With the growing advancement in AI, truflation launched its own AI index designed especially to track generative AI crypto performance. The global generative AI market is currently valued at $44.89 billion and if it keep continuing the way it does it is speculated to reach whopping $1.3 trillion by 2032.

Stefan Rust, the CEO of Truflation, said that the index targets investors who seek growth by leveraging real time data and diversifying across core asset classes. The AI Index consists of six companies namely, Artificial S-Intelligence Alliance, Akash Network, AIOZ Network, Bittensor, Echelon Prime, and Render. It will serve as a benchmark for both traditional and decentralized finance problems.

The main concern of Truflaiton index is to provide users with accurate pricing details for real-world assets and ultimately helping them make informed decisions. It utilizes decentralized data feeds, indexes and oracles, which are key components of decentralized finance. With over 80 data partners and and more than 20 million items being tracked, Truflation provides accurate information. Furthermore, it also helps track inflation in major countries like UK,US and Argentina.

Therefore, the launch for AI index is set to help investors get a definitive idea on what to invest on.

AI: Double edged sword

At a recent symposium sponsored by the United States Department of Justice one of the most talked about topics was Artificial Intelligence and how it is a double-edged sword. Representatives from the Criminal Division discussed how artificial intelligence technology can help prevent crimes rising on the development of digital technologies, especially on crypto.

AI was discovered at the conference as a double-edged sword. On one hand, it can enhance security on the other it gives thieves and hackers easier access. Argentieri revealed a brand-new strategy to stop cybercrime using artificial intelligence. It depends on conventional law enforcement and also makes use of technologies to stop, monitor, and stop cybercrime.

Given the distributed character of cryptocurrency, privacy threat is considerably more actual in the crypto space. Crypto and blockchain technology helps transactions to be anonymous, which is sought by criminals. Artificial Intelligence helps in trading by helping users with identifying transactional trends and helping them choose which one to invest in. Therefore, AI has both pros and cons in the crypto market. Recent news on AI-written malware scripts has been circulating the web, this really shows how AI can be more dangerous than useful. On the bright side, AI has helped in the growth of the crypto market significantly and new AI products have made research, video editing, etc. much easier. Therefore, AI is a double-edged sword.

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