70% of Binance altcoins recover, but the Altcoin Season index points to another scenario
Summary 70% of Binance altcoins are now trading above the 200-day average, but one indicator points to the contrary. Altcoin market capitalization recovered by US$ 800 billion while Bitcoin dominance resisted the decline. The Altcoin Season Index from Blockchaincenter is at 41, a sharp drop compared to the August peak. Read the original story: 70% of Binance altcoins recover, but the Altcoin Season index points to another scenario by Kamina Bashir at br.beincrypto.com
The Anthropic path to an IPO records 2 new developments
Summary Anthropic reportedly postponed its IPO to November and is considering launching a new model. Anthropic’s annualized revenue is expected to exceed $100 billion this year. Astra from OpenAI holds 13% of corporate spending on AI, while Claude Fable has 8%. Read the original story The Anthropic path to an IPO records 2 new developments by Kamina Bashir on br.beincrypto.com
Metaplanet fails VanEck's 4 tests on executive compensation
Summary VanEck assessed the top 10 Bitcoin trusts in terms of executive compensation; only Metaplanet did not pass any of the criteria. VanEck asked four questions to ten Bitcoin trust companies. Nine answered at least some of them. Metaplanet cut the pool twice, but VanEck kept the note anyway. Read the original story: Metaplanet fails the VanEck's 4 tests on executive compensation by Kamina Bashir on br.beincrypto.com
The cryptocurrency platform Lemon leaves Brazil due to adverse regulatory conditions
Summary Lemon announced the definitive end of its operations in Brazil, citing new regulations from the Central Bank. Brazilian user accounts will be automatically deleted on October 16, 30 days after the announcement. Digitra, Coinext and Bitso also reconfigured or shut down their crypto operations in Brazil this month. Read the original story The cryptocurrency platform Lemon leaves Brazil due to adverse regulatory conditions by Luis Blanco at br.beincrypto.com
XRP recovers after CLARITY Act failure and rises 7%
Summary XRP rose 7.27% to $1.39, recovering from lows near $1.27 recorded earlier this week. The CLARITY Law failed to reach the 60 votes needed in the Senate, with a vote of 50 to 49 on September 15. Bitcoin, Ethereum, and Solana rose alongside XRP, with Solana leading gains at 10.75%. Read the original story XRP recovers after CLARITY Act failure and rises 7% by Luis Blanco on br.beincrypto.com
GPT-6 Astra deciphered a Nazi Enigma message in 10 hours: will Bitcoin be next?
Summary A developer used OpenAI’s GPT-6 Astra to decipher a 1941 Enigma message. The model required approximately 10 hours and 14.8 million key verifications. Carter Leffen set the goal and provided the cradle that made the project possible. Read the original GPT-6 Astra story: in 10 hours, it deciphered a Nazi message from the Enigma—will Bitcoin be next? by Phil Haunhorst on br.beincrypto.com
Summary CoinShares believes that Fed policy and delays in the CLARITY Act limit the Bitcoin upside potential in the short term. Bitcoin will likely need lower inflation or policy changes to decisively break through the $80,000 mark. Ethereum and altcoins face greater regulatory risks after a setback to the CLARITY Act. Read the original story CoinShares says Bitcoin will not reach $80K by Lockridge Okoth on br.beincrypto.com
The world’s first AI actress shows glitches live with Piers Morgan and starts speaking Chinese
Summary AI actress Tilly Norwood switches to Chinese during her response on Piers Morgan’s show. The language switch interrupted her response to the veteran actor Tom Conti. Norwood’s account called it exhibitionism. Actors’ unions claim it is stolen work. Read the original story: The world’s first AI actress shows glitches live with Piers Morgan and starts speaking Chinese by Lockridge Okoth on br.beincrypto.com
'World’s first AI actress' shows live glitches on Piers Morgan and switches to Chinese
Summary AI actress Tilly Norwood switched to Chinese during her response on Piers Morgan’s show. The language cut interrupted her response to veteran actor Tom Conti. Norwood’s account called it exhibitionism. Actors’ unions say it’s stolen work. Read the original story 'World’s first AI actress' shows live glitches on Piers Morgan and switches to Chinese for Lockridge Okoth on br.beincrypto.com
Bolivia and the IMF agree on a regulatory framework for cryptocurrencies
Summary Bolivia and the IMF agreed that the country will develop a regulatory framework for cryptocurrencies. The country is facing its worst fiscal crisis in decades, with public debt exceeding 80% of GDP. Bolivia appears on the FATF grey list, increasing pressure to demonstrate regulatory progress. Read the original story Bolivia and the IMF agree on a regulatory framework for cryptocurrencies by Luis Blanco on br.beincrypto.com
The premise behind JPMorgan’s Iran war forecast no longer exists
Summary JPMorgan loses its base-case scenario for the first time since the start of the war in Iran. Oil above $100, Treasury yields at 5%, and diesel at $6 have surpassed the bank’s limits. Higher fuel prices cost U.S. households $109.1 billion. Read the original story The premise behind JPMorgan’s Iran war forecast no longer exists by Kamina Bashir on br.beincrypto.com
Bitcoin could reach US$100,000 next year? VanEck reveals what could drive this surge
Summary Matthew Sigel predicts Bitcoin to reach US$100,000 by 2027. High public debt could favor Bitcoin, says an executive. Sigel also projects BTC at US$500,000 by 2029. Read the original story: Can Bitcoin reach US$100,000 next year? VanEck reveals what could drive this surge by Kamina Bashir on br.beincrypto.com
Warren Buffett steps down as chairman of Berkshire. How will the shares react?
Summary Warren Buffett becomes emeritus president as his son Howard assumes the presidency of Berkshire. Class B shares closed down 2.04% on Thursday, after which they were steady in Friday’s premarket. Howard Buffett has no public track record on Bitcoin. Greg Abel continues to allocate capital. Read the original story Warren Buffett steps down as chairman of Berkshire. How will the shares react? by Lockridge Okoth on br.beincrypto.com
Analyst says Bitcoin ETFs can triple gold. What does that mean for the price of Bit...
Summary A Bloomberg analyst says that Bitcoin ETFs could eventually hold 3 times more assets than gold ETFs. At today’s levels, this would mean that Bitcoin ETF assets would grow by around 19 times, rising from $95.8 billion to approximately $1.85 trillion. What happens to the price of Bitcoin if this forecast turns out to be true? We calculated the scenario numbers. Read the original story: Analyst says Bitcoin ETFs can triple gold. What does that mean for the price of Bitcoin? by Lockridge Okoth on br.beincrypto.com
Summary The two-week RSI for XRP has fallen to its lowest level in 13 years, below all previously recorded extremes in bear markets. The long-term uptrend channel for the token remains intact, with the price currently hovering near its historically lower support limit. A separate long-term RSI metric has also returned to a zone historically associated with prior market bottoming processes. Read the original story This XRP chart signal hasn’t occurred in 13 years by Luis Blanco on br.beincrypto.com