Ripple has announced plans to acquire Toronto-based payment infrastructure company Rail in a $200 million deal aimed at strengthening its footprint in the stablecoin sector. The acquisition is expected to close in the fourth quarter of 2025, subject to regulatory approval. Rail is known for its cross-border payment capabilities using tokenized dollars and is backed by investors including Galaxy Ventures and Accomplice. The move signals Ripple’s intention to scale its stablecoin initiative, RLUSD, at a time when regulatory clarity around stablecoins is increasing in the United States and globally. With the recent enactment of the GENIUS Act and updated guidance…
Author: ₿e Proud
Bitcoin miners have taken the 7-day average Hashrate to a new all-time high (ATH), despite the fact that the token’s price has been down recently. Bitcoin Hashrate Has Just Set A New Record The Bitcoin “Hashrate” refers to the collective amount of computing power that the miners as a whole have connected to the blockchain. Miners use their computing resources to compete against each other, so this power never actually works as a collective, but the Hashrate is nonetheless a useful metric as it provides insight into the sentiment among the chain validators. When the value of the metric…
Key Takeaways OpenAI has launched GPT-5, its most powerful AI model yet, bringing significant gains in reasoning, accuracy, safety, and real-world usefulness across domains. The model is now the default in ChatGPT, with Pro subscribers getting access to GPT-5 Pro. Share this article OpenAI has rolled out GPT-5, its latest AI model featuring enhanced capabilities across coding, math, writing, health, and visual perception tasks.The company promotes the new system as highly capable and user-friendly, featuring built-in reasoning that enables it to tackle complex tasks and deliver expert-level intelligence to all users.The unified system also comes with a smart router that…
Tesla is breaking up the team behind its Dojo supercomputer, ending the automaker’s play at developing in-house chips for driverless technology, according to Bloomberg. Dojo’s lead, Peter Bannon, is leaving the company, and the remaining team members will be reassigned to other data center and compute projects within Tesla, per Bloomberg’s reporting which cited anonymous sources. The disbanding of Tesla’s Dojo efforts follows the departure of around 20 workers, who left the automaker to start their own AI company called DensityAI. The new startup is reportedly coming out of stealth soon and is building chips, hardware, and software that will…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP is trading steadily around the $3 mark as the crypto community awaits a key SEC decision regarding Ripple’s appeal withdrawal. If the U.S. Securities and Exchange Commission confirms the withdrawal, analysts predict XRP could break through its immediate resistance at $3.30 and move toward $3.50, with bullish momentum potentially pushing the token as high as $4.80, according to recent technical forecasts. The Relative Strength Index (RSI) remains neutral, while Moving Average Convergence Divergence (MACD) indicators suggest a possible bullish crossover. These signs point to an imminent…
In February, AI coding startup Windsurf was in talks to raise a big new round at a $2.85 billion valuation led by Kleiner Perkins, at double the valuation it hit six months earlier, sources told TechCrunch at the time. That deal didn’t happen, according to a source familiar with the matter. Instead, news broke in April that the startup planned to sell itself to OpenAI for roughly the same valuation: $3 billion. While that deal famously fell apart, one bigger question remains: if the startup was growing that fast and attracting VC interest, why would it sell at all? Insiders…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A new contender has entered the conversation about institutional Bitcoin adoption, and it’s not from Silicon Valley. London-listed Satsuma Technology, formerly TAO Alpha, has completed a massive £163.6 million ($218 million) convertible note financing round, but with an unexpected twist: nearly 60% of it was settled in BTC. According to a recent announcement, a total of 1,097 BTC, valued at around £96.9 million at the time of the transaction, is now sitting on the company’s books. Satsuma Settles Convertible Noted In Bitcoin This event, which closed on…
Avalanche (Avax) is beginning to flash signs of a potential trend reversal as a clear double-bottom pattern is formed on the weekly chart. The build strength of the price action makes the Bulls aim for the next important Fibonacci resistance zone. Double bottom strengthening: Can I maintain Fibonacci levels? In a recent analysis of the weekly chart posted to X, the boss of market analysts highlights that the avalanche has now established a solid technical foundation. He noted the emergence of distinct double-bottom formations, often considered reliable inverted signals when confirmed. According to the boss, if this bullish pattern continues…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum (ETH) is inching closer to the $4,000 milestone, boosted by a perfect storm of factors including surging transaction volume, growing institutional interest, and bullish technical signals. On August 7, ETH climbed to $3,718, backed by robust on-chain metrics. According to recent data, Ethereum processed 1.87 million daily transactions, its second-highest in history, driven by stablecoin usage, primarily USDC and Tether, and DeFi activity on platforms like Uniswap. This spike follows the passage of the U.S. GENIUS Act, which has provided regulatory clarity for stablecoins, paving the…
Key Takeaways Elon Musk claims xAI’s Grok 4 outperforms OpenAI’s newly launched GPT-5. Microsoft integrated GPT-5 across its major platforms, highlighting rapid AI advancements. Share this article Elon Musk has confirmed that Grok 5, xAI’s next AI model, will launch by year-end. He’s also claimed that Grok 4, the company’s current model, is far superior to GPT-5, which OpenAI released less than an hour ago. “Grok 5 will be out before the end of this year and it will be crushingly good,” Musk wrote on X. “Grok 4 Heavy was smarter 2 weeks ago than GPT5 is now and G4H…