Cryptocurrency
Coinbase CEO warns against AI regulation, calls for decentralization
Brian Armstrong, the CEO of crypto exchange Coinbase, expressed his stance on artificial intelligence (AI) regulation in a recent post on the social media platform X (formerly Twitter).
On Sept. 23, Armstrong explained that he believes that AI should not be regulated. According to the Coinbase CEO, the AI space needs to develop as soon as possible because of reasons such as national security. In addition, Armstrong also noted that despite the best intentions of regulators, regulation “has unintended consequences,” arguing that it kills innovation and competition.
Count me as someone who believes AI should not be regulated
We need to make progress on it as fast as possible for many reasons (including national security). And the track record on regulation is that it has unintended consequences and kills competition/innovation, despite best…
— Brian Armstrong ️ (@brian_armstrong) September 22, 2023
The Coinbase executive cited the internet as an example. Armstrong believes there was a “golden age of innovation” on the internet and software because it was not regulated. The Coinbase CEO suggested the same should be applied to AI technology.
Furthermore, Armstrong also presented an alternative to regulation in terms of protecting the AI space. According to the executive, it would be better to “decentralize it and open source it to let the cat out of the bag.”
Related: Tether acquires stake in Bitcoin miner Northern Data, hinting at AI collaboration
Meanwhile, various jurisdictions across the globe have either started to regulate AI or express concerns about its potential effects. On Aug. 15, China’s provisional guidelines for AI activity and management came into effect. The regulations were published on July 10 and were a joint effort between six of the country’s government agencies. This is the first set of AI rules implemented within the country amid the recent AI boom.
In the United Kingdom, the competition regulator studied AI in order to identify its potential impact on competition and consumers. On Sept. 18, the U.K.’s Competition and Markets Authority concluded that while AI has the potential to change people’s work and lives, the changes may happen too fast and could have a significant impact on competition.
Magazine: ‘AI has killed the industry’: EasyTranslate boss on adapting to change
Cryptocurrency
Crypto Expert Says Altcoin Season About to Begin – Could MIND of Pepe Pump?
Bitcoin’s price is pumping – but it’s not the only crypto in the green.
Most top altcoins are also surging, and some market experts are calling it: altcoin season is finally here.
With the market taking off, could the new MIND of Pepe project be the dark horse of this next cycle?
Altcoins Take Off – Is This the Start of Something Big?
Everything is looking rosy in the altcoin market right now.
Ethereum has broken above the $2,400 mark, while XRP is trading around $3.20, a level not seen in seven years.
Even Solana and Chainlink have posted impressive gains – with only Stellar experiencing a slight loss in the past 24 hours.
This broad rally marks a clear shift from the bearish sentiment that dominated the start of the week.
Perhaps most telling is Bitcoin’s declining dominance.
Slipping to 57.5% from Wednesday’s 58.6%, it signals a potential shift in investor focus.
Bitcoin’s grip on the market is loosening slightly, and altcoins are seizing the opportunity to shine.
Many have outpaced BTC’s gains since the start of the week.
BlockchainCenter’s “Altcoin Season Index” is still at 55, indicating that they believe the altcoin season isn’t yet here.
But with this side of the market beginning to heat up, could we be witnessing the early stages of an altcoin rally?
Experts Predict That Altcoin Season Is Imminent
Some experts believe that the altcoin season might now be upon us.
Crypto Rover, an influencer with over one million followers on X, declared today that “Altcoin season is breaking out.”
He even posted a chart showing the total crypto market cap, excluding Bitcoin and Ethereum, breaking out of a bullish triangle pattern.
Echoing this sentiment, fellow crypto expert Alex Becker simply tweeted “Alt season” to his 1.2 million followers.
But what exactly would an altcoin season look like?
Essentially, it’s a period where altcoins outperform Bitcoin, often experiencing explosive price growth.
Imagine a market in which Ethereum, Solana, and XRP surge in value and potentially reach new all-time highs.
That’s the promise of an altcoin season.
This wouldn’t be the first cycle for experienced investors.
The market has witnessed several altcoins seasons in the past, each leaving its mark.
For example, the legendary runs of late 2017 and early 2021 created numerous crypto millionaires.
Many are hoping history will repeat itself in 2025.
AI-Powered Meme Coin MIND of Pepe Looks Primed to Explode After Presale Raises $1.2M
In altcoin seasons, big names like ETH and XRP usually grab all the headlines.
But sometimes, the smaller, lesser-known coins deliver the most explosive gains.
Thanks to their lower market caps and less established communities, they have much more room to grow.
One such gem could be MIND of Pepe.
This new project combines a meme coin theme with cutting-edge AI tech.
Its AI agent can scour the crypto market, identifying trends and potential investment opportunities, then share them with MIND token holders.
MIND of Pepe can even create its own tokens – giving MIND holders early access to them.
Unsurprisingly, the project’s presale has been an instant success.
Since going live earlier this week, it has raised over $1.8 million and offers MIND tokens for just $0.0031384 each.
The team at 99Bitcoins reviewed MIND of Pepe and said it could lead the bull market’s gains this year.
Early investors feel the same way, with many in the project’s Telegram channel expecting the MIND token to explode after it hits exchanges.
As it stands, the team hasn’t announced when or where MIND will list.
However, they have had the token audited by Coinsult and SolidProof, who confirmed it’s safe and secure.
So, with an altcoin season imminent, MIND of Pepe has the potential to become a true market leader.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
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Cryptocurrency
Can Ripple (XRP) Reach $100 This Cycle? BTC Proponent Calls It Impossible
TL;DR
- XRP jumped 43% in a week, nearing its all-time high, with analysts eyeing $4–$8 targets amid rising adoption and US political shifts.
- One skeptic dismissed $100+ predictions as unrealistic due to market cap limits, calling XRP a “distraction” compared to Bitcoin (BTC).
‘XRP is a Distraction’
Ripple’s XRP has been flying high in the past week. Its price jumped from $2.30 (on January 10) to almost $3.40 on January 16. Thus, the asset stood just 1% away from its all-time high registered at the start of 2018. Currently, XRP is worth approximately $3.31 (per CoinGecko’s data), representing a staggering 43% increase on a seven-day scale.
Key drivers behind the significant rally include increased whale activity, excitement over political shifts in the USA, rising network adoption, and others. For more insights, further details are available here.
The massive resurgence has given analysts the opportunity to speculate that the coin’s price may pump to unseen and even ridiculous levels. The popular X user EDO FARINA, for instance, said he would not sell his XRP holdings before the valuation reaches $100.
On the other hand, the Bitcoin proponent Rajat Soni claimed that such optimistic predictions come only from people with “undiagnosed mental disability.” The finance expert explained that XRP’s potential price explosion to $100 would require its market capitalization to skyrocket to $10 trillion.
Soni’s calculations are based on the total supply of XRP, which is almost 100 billion tokens. Multiplying the $100 price to the circulating supply of 57.5 billion coins will mean that the asset’s capitalization needs to soar above $5.5 trillion, which is still quite unrealistic (to say the least).
To put things into perspective, the entire market cap of the crypto industry is less than $4 trillion (as of press time).
In addition, Soni said even bigger optimists suggest that XRP’s valuation could reach the astonishing $1,000 per coin.
“XRP is a distraction. Stick to Bitcoin,” he concluded.
Some Realistic Forecasts
While $100 per coin might indeed seem like an outrageous target, many analysts have recently set somewhat optimal predictions (considering XRP’s bull run).
One example is the X user CRYPTOWZRD, who believes the asset could be poised for a short-term rise to a new all-time high of $4 and then an increase to $8.
Dark Defender also weighed in, envisioning a rally toward $3.6239 and $4.5503. “XRP has some work to do, but we will get there soon,” the analyst added.
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Cryptocurrency
DeFi Agents AI Secures $1.2M to Drive Innovation in AI-Powered Decentralized Finance
[PRESS RELEASE – Singapore, Singapore, January 17th, 2025]
DeFi Agents AI (DEFAI) has raised $1.2M, supporting its efforts to improve the way users interact with decentralized finance. With the trading tool powered by AI, the platform aims to transform how users interact with decentralized finance, offering innovative tools and enhanced accessibility.
DEFAI: Decentralized Finance Meets Artificial Intelligence
DEFAI (Decentralized Finance & Artificial Intelligence) represents an emerging sector with significant potential. Experts anticipate that the DEFAI market could grow to $20 billion, positioning it as a key trend within the crypto industry.
By leveraging AI, DEFAI simplifies trading, automates complex tasks, and improves accessibility, making decentralized finance more approachable to a broader audience.
DeFi Agents AI: Combining AI and DeFi for Smarter Trading
DeFi Agents AI is an AI-powered trading assistant designed to empower traders with innovative tools, including automated trading, and real-time market insights. The platform offers intuitive solutions for navigating the fast-paced crypto market, catering to both experienced traders and newcomers.
With support from notable launchpads such as GameFi.org, eesee.io, and SETAI Agents, DeFi Agents AI is positioned as a notable participant in the emerging DeFAI movement, as the platform prepares for its token launch on Base Network.
The upcoming launch of $DEFAI further solidifies DeFi Agents AI’s commitment to scalability and innovation. By leveraging Base Network’s high throughput and low transaction costs, DeFi Agents AI seeks to deliver efficient and accessible trading solutions for its users.
Over 11,000 DAU from Alpha App Version
DeFi Agents AI has onboarded over 11,000 active users, reaching 720,000 interactions within two weeks of the Alpha launch. These notable milestones reflect the platform’s adoption and appeal to newcomers.
With $5M in assets under management and $2.3B in trading volume generated, DeFi Agents AI is setting a high standard in the DeFAI sector. Backed by a diverse network of top-tier investors, leading VCs, influential KOLs, and blockchain pioneers, the platform continues to demonstrate its potential to lead and define new trends in decentralized finance.
DeFi Agents AI’s Unique Features
DeFi Agents AI distinguishes itself with its ability to automate trading while maintaining a user-centric design. Its advanced AI algorithms analyze real-time market data to predict trends and execute trades efficiently.
The platform integrates with major exchanges, including Binance, OKX, and Bybit, allowing users to execute transactions securely and seamlessly without transferring funds to third-party platforms.
Future Developments for DeFi Agents AI
As the Mainnet launch draws closer, DeFi Agents AI is preparing to introduce new features aimed at enhancing the decentralized finance experience.
One key advancement is the introduction of the first-ever restaking layer, where users can stake $DEFAI to potentially benefit from profit sharing and additional rewards. Through staking, users will also receive AI training tickets, enabling them to contribute to the system’s development and create fully automated trading tools customized to their unique preferences.
“We’re not just building a trading assistant – we’re creating a smarter, safer future for DeFi,” said Ming, CEO of DeFi Agents AI.
In addition, the platform is expanding its ecosystem through collaborations with leading DeFi and AI innovators. These advancements reflect the platform’s commitment to integrating AI and DeFi to deliver innovative and accessible financial solutions
About DeFi Agents AI
DeFi Agents AI (DEFAI) is an AI-powered trading assistant that integrates automation, advanced analytics, and secure access to major exchanges to redefine how users engage with decentralized finance. With a mission to make crypto trading smarter and more accessible, DeFi Agents AI is set to define the next wave of innovation in blockchain technology.
Website: https://defiagents.ai.
Twitter / X: https://x.com/AIDeFiAgents
Telegram: https://t.me/defiagentsai
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