Crypto News

Research service Ecoinometrics stated on Monday that bitcoin's (BTC) long-term recovery is closely tied to the Nasdaq's ability to trend upward, highlighting the significant positive correlation between the two.Unfortunately for crypto bulls, the Nasdaq triggered a major bearish reversal pattern known as a "double top" on Monday, putting BTC's 200-day simple moving average (SMA) support at risk.Bitcoin, the leading cryptocurrency by market value, has dropped over 10% in the past 24 hours, reversing Sunday's price rally to $95,000. At one point early today, prices tested the 200-day SMA support at $82,587, as shown by data from the charting platform TradingView.The 200-day SMA is commonly regarded as a key indicator of long-term trends, with price declines below this level often interpreted...

Copyleaks found that 74.2% of text generated by Deepseek-R1 closely resembles OpenAI’s stylistic patterns, suggesting potential unauthorized reliance on OpenAI’s model during training. This raises concerns about intellectual property, transparency, and ethical AI practices. Copyleaks used a rigorous method involving three AI classifiers to analyze stylistic fingerprints, achieving high precision. This discovery allows for model-specificSource link

Major tokens Cardano's ADA, XRP, and Solana's SOL plummeted 21% on Tuesday, just days after a dramatic surge fueled by President Donald Trump’s announcement of a U.S. crypto strategic reserve, erasing all gains sparked by the initial excitement.The sharp reversal aligned with a cautious mood among traders after Monday’s market rally following the ambitious plan, as a CoinDesk analysis previously noted.Trump’s Sunday declaration that the reserve would include ADA, XRP and SOL, alongside bitcoin (BTC) and ether (ETH) ignited a market frenzy, with ADA soaring over 60%, XRP climbing 33%, and SOL jumping 22% within hours.The promise of a government-backed crypto stockpile was hailed as a game-changer, with analysts predicting it could legitimize digital assets and drive institutional adoption.However, the...

The AI infrastructure provider is eyeing a $35 billion valuation after transforming its crypto mining business six years ago.Source link

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition examines how the dynamics between the IMF and the Salvadoran government can serve as a framework for countries seeking to engage with bitcoin and the institution. Latam Insights Encore: IMF to ModelSource link