Crypto news

A breakout above $0.475, my dear, may trigger a 30% climb toward $0.62. But only if the momentum, like a well-timed waltz, builds with grace. 💃

The winds of fortune keep blowing through the artificial intelligence (AI) and high-performance computing (HPC) sectors, and OpenAI is the latest to hitch its wagon to the rocket. The company has inked a deal to buy tens of billions of dollars worth of AMD chips, making some executives look like they just hit the jackpot. According to the Financial Times, OpenAI might even acquire up to a 10% stake in AMD. AMD’s shares are now dancing up 30%, currently trading around $225. Oh, sweet, sweet market drama.

In a report that reads like a financial thriller (minus the thrilling part), Standard Chartered’s Global Research department-a bunch of folks who probably wear glasses and say “synergy” unironically-claims that stablecoins are the new black. Or, more accurately, the new green. As in dollars. As in, “Hey, let’s ditch our local banks and hop on the USD-pegged crypto train because inflation is a jerk.” 🚂💸

Bitcoin has kept its jaunty rise above $123,000, a figure it boasted about last Friday, finishing week 39 up 10% for its most bonny weekly performance of the year, according to CoinDesk market data. 💃📈

OKX, the brave soul who first unleashed Pi Coin upon the world, hit pause on withdrawals for some “wallet maintenance” – sounds like they were just regrouping for a dramatic entrance. Pionex, the sidekick, did the same, and boom, the Pi Network gossips on X went wild, tweeting that these halts “often mean big tech upgrades or mainnet magic.” Spoiler: Pi might be gearing up for its superstar moment. Or not. 😏

This article points out that some major altcoins could face dangers in early October, potentially causing significant losses for traders who have borrowed heavily and are making short-term bets.

MrBeast-whose true alias is Jimmy Donaldson-had been musing aloud about the calamities and curiosities of AI-generated content, wondering what such mechanised artistry would do to YouTube and the millions of creators who earn their bread by the click. “When AI videos are just as good as normal videos, I wonder what that will do to YouTube and how it will impact the millions of creators currently making content for a living… scary times,” he sighed, as if the future were a tailor-made suit in a shop that also sells fables. 🤖💬

The higher-timeframe trend, my dear reader, is as bullish as a Russian bear in spring. Yet, the $4.7k region looms like a skeptical aunt at a family gathering, ready to dampen the spirits. Traders, take heed: caution is the watchword of the hour.

So, how exactly did the XRP ETF send out its wedding invitations without asking anyone for permission? One expert was like, “Silence is compliance,” so the ETF was like the cool kid who slid right into action after the clock struck the regulatory deadline. 🕓 It’s not like they needed a big ol’ thumbs up, right?

Now, in them feverish times where every crypto outfit’s clawin’ for the sharpest minds like dogs fightin’ over a fresh bone, Coinbase-y’know, that Nasdaq-listed giant COIN-has thrown down the gauntlet on Oct. 3, huntin’ a new Chief of Staff to stand shoulder-to-shoulder with President and Chief Operatin’ Officer Emilie Choi. This ain’t just any job; it’s built to fortify the homestead’s inner workings and sharpen the leadership edge as they dance through the ups and downs of market twisters and them pesky regulator shadows hangin’ like storm clouds. 😏