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Convergence of AI and blockchain: Unlocking new possibilities

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Let’s do a simple exercise, shall we?

Try to imagine a world where innovations in banking, finance, power, medical services and social media are the best they have ever been. One where these industries and several others are powered entirely by unbreakable, difficult-to-hack-or-crack streams of data. 

A world where this kind of superpowered data is run by powerful algorithms, and is capable of learning, updating and improving itself. Do you think such a world is possible? It might be closer than you think. Over the last decade, AI and blockchain have proven themselves to be the future. One of them (blockchain technology) possesses the ability to produce unbreakable chains of data.

On the other hand, AI is able to create self-updating algorithms that are capable of learning from the world around them. But have you ever wondered what might happen if we found a way to put both of these bits of technology together?

Well, welcome to the future. 

Understanding the building block(chain)

What exactly does AI entail?

AI, in simple terms, refers to a combination of algorithms and data structures that give machines (particularly computers) the ability to think, learn and solve problems. Maybe even better than a human being ever could. Believe it or not, you directly use some form of AI, every single day.

The music streaming apps you use, your flight booking apps and even the traffic lights on roads. AI is everywhere. Blockchain technology, on the other hand, can be decentralized, is generally unbreakable and is a transparent piece of technology that allows secure and tamper-proof transactions. 

Blockchain technology has several use cases that we have barely even scratched the surface of. Things like supply chains, transparent voting and asset tokenization are all under the umbrella of blockchain technology. With blockchain technology, you can convert the ownership of your house into a token that you can transfer, sell or even split into several pieces.

The AI and blockchain revolution

Both of these technologies have proven themselves, several times over. However, when AI and blockchain come together, they become an unstoppable force. 

If AI is used properly, it can enhance the abilities of blockchain networks, allowing them to process data faster, make better decisions in hashing algorithms and can even make smart contracts “smarter.” Imagine smart contracts that have the ability to think or make independent decisions.

At the same time, blockchain can return the favor to AI systems, boosting their trust and security and ensuring that the data used to train AI models is tamper-proof and verifiable. When AI and blockchain technology come together, here are some wonders they could give birth to.

Join the community where you can transform the future. Cointelegraph Innovation Circle brings blockchain technology leaders together to connect, collaborate and publish. Apply today

Personalized practices for medical professionals

At this point, almost everyone has tasted the power of AI tools like OpenAI’s ChatGPT, Google’s Bard and Microsoft’s Bing Chat. AI can be used to analyze massive amounts of medical data, such as patient records, genetic information and clinical trials. With this information, it can test out several drug combinations, simulate a person’s immune responses to them and even assist medical professionals by suggesting treatments for certain conditions.

When integrated with blockchain, patient data can be stored securely and will only be accessed by authorized parties. Storing vast amounts of patient data under bulletproof privacy can potentially lead to more accurate diagnoses, tailored treatments and faster drug discoveries.

Decentralized finance (DeFi)

There are several problems with traditional financial systems like banks, brokers and lenders. These problems are so bad that fraud, unfair interest rates and security issues are only the beginning. With blockchain technology handling finances, there is less of a need for intermediaries and middlemen, contracts are open for everyone to see and well-written smart contracts are uncheatable and unbendable. When AI comes into the picture, its algorithms can analyze market data in split seconds, allowing almost anyone to make better and well-informed trading, banking and purchasing decisions.

Fraud detection

Patterns are in everything, and it is possible to accurately predict several circumstances ages before they happen. When AI is integrated with the vast amounts of data that flow through blockchains per second, several of these patterns that indicate fraud can be identified, caught and prevented awhile before they happen. With these, scams, rug-pulls and outright theft can be identified significantly earlier.

Product tracking

Imagine a world where you can check the verified age of a bottle of wine, the age of a house, the expiry date of a can of sardines or even the freshness of a crate of eggs using blockchain technology. Using blockchain and AI solutions, a company can create a digital record of products containing info such as where/when they are manufactured, allowing users to track a product’s origin and the materials used in its production.

The challenges and opportunities

While bringing AI and blockchain together holds great promise, it is not without problems. One of the biggest problems to tackle is scalability. In the real world, both AI and blockchain processes require massive amounts of computational power. However, AI can also be used to implement blockchain scalability solutions like sharding and off-chain computation.

Another concern may be the issue of privacy. A combination of AI and blockchain technology will require more instances of data sharing. Data sharing, in turn, raises issues about who owns data and how it should be used. Both technologies will have to strike a balance between data accessibility and individual rights.

At the same time, blockchain technology and AI will require more skilled personnel with experience using AI algorithms and blockchain protocols. Training and finding talent to join the workforce may prove to be a challenge and may be one of the crucial aspects for the success of this convergence.

Overall, the combination of AI and blockchain represents a massive paradigm shift in modern technology and presents significant opportunities for lives and industries to improve. This combination of AI’s intelligence and blockchain technology’s trust will serve as the foundation of solutions that are more innovative than we have ever dreamed.

Abhishek Singh is a serial entrepreneur currently working on Acknoleger and is a vocal advocate of crypto.

This article was published through Cointelegraph Innovation Circle, a vetted organization of senior executives and experts in the blockchain technology industry who are building the future through the power of connections, collaboration and thought leadership. Opinions expressed do not necessarily reflect those of Cointelegraph.

Learn more about Cointelegraph Innovation Circle and see if you qualify to join

Cryptocurrency

Ripple (XRP) News Today July 30th

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The last few weeks have been quite turbulent for XRP and the company behind it. In this article, we will check the latest updates involving the two and analyze the token’s price dynamics.

Has the Ripple/SEC Battle Concluded?

The major developments in the legal battle between Ripple and the US Securities and Exchange Commission (SEC), more specifically, the company’s court wins, have left some with the expectation that the tussle is over.

Just recently, the American lawyer Bill Morgan said the regulator has not withdrawn its appeal yet. He emphasized that the Commission faces no formal deadline to do so, though it is required to submit a status update to the appeal court by August 15.

The legal contest refers to a court decision in 2023. Back then, Judge Analisa Torres ruled that Ripple’s sales of XRP tokens on secondary markets are not securities. The SEC appealed the ruling, while the company filed a cross-appeal, which was later withdrawn.

Earlier this year, the two parties jointly requested that the appeals be paused to allow time for a potential settlement. The court respected their wish but required the regulator to file a status report by mid-August. Many believe that if the SEC agrees to withdraw its appeal, it could mark the final resolution of the case.

To the uninitiated, it all started in December 2020 when the Commission filed a lawsuit against Ripple, accusing it of conducting an unregistered securities offering by selling XRP tokens. Initially, it sought a whopping fine of $2 billion, while years later, Judge Torres ruled a penalty of $125 million. Moreover, the SEC and Ripple shook hands on an even smaller sum of $50 million.

RLUSD Keeps Progressing

One trending asset within Ripple’s ecosystem is the USD-pegged stablecoin, RLUSD. The product, which officially debuted in December of last year, recently saw its market capitalization soar past $500 million and caught the eye of some major financial players.

As CryptoPotato reported, the asset was recognized by the Dubai Financial Services Authority (DFSA) as a crypto token within the Dubai International Financial Center (DIFC), while the oldest US bank, BNY Mellon, agreed to serve as a custodian for RLUSD.

Meanwhile, the stablecoin’s market cap continued to grow in the following weeks and currently stands at approximately $577.6 million. 

Spot XRP ETF Incoming?

Several XRP exchange-traded funds have popped up in the United States over the past several months. However, all of them are futures-based, and you can check the details here.

The XRP army has been eagerly awaiting the launch of a spot XRP ETF, which is expected to have a more significant impact on the price of the underlying token.

Some of the well-known firms willing to launch such a product include Bitwise, Grayscale, Franklin Templeton, WisdomTree, and more. According to Polymarket, the approval odds before the end of the year stand at around 87%. 

XRP ETF Chances
XRP ETF Chances, Source: Polymarket

XRP Price Outlook

Ripple’s native token exploded to a new all-time high of $3.65 in mid-July, but since then, it has been on a downtrend, currently trading at around $3.08 (per CoinGecko’s data). 

However, some important factors suggest this could be a temporary correction, followed by another rally. Large investors, for instance, have acquired 60 million XRP tokens in the last 24 hours. This shows strong confidence in the asset and could encourage other smaller players to jump on the bandwagon, too. 

The amount of tokens stored on exchanges has been declining lately, suggesting that holders might have moved their funds into cold storage. This, in turn, reduces the immediate selling pressure. 

Last but not least, the number of XRP wallets keeps growing, hinting at solid user engagement and rising interest in the network. The figure reached a peak of 7.2 million on July 21 and is currently inching towards 7.3 million.

XRP Addresses
XRP Addresses, Source: CryptoQuant
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Cryptocurrency

Solana (SOL) Plunges by 10% Weekly, But This Market Signal Says ‘Buy the Dip’

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TL;DR

  • Analysts point to certain indicators that suggest SOL could be poised for a rally in the near future. Some of the biggest optimists believe the price could soar to a new all-time high of $400.
  • SOL’s RSI hovers just above 30, signaling oversold conditions. Combined with increased token withdrawals from crypto exchanges, this could reduce sell pressure and hint at a possible short-term recovery.

Buying Opportunity?

Solana’s SOL has declined by over 10% in the past week, currently valued at around $177 (according to CoinGecko’s data). However, the X user, Ali Martinez, estimated that the TD Sequential indicator has flashed a buy signal.

The analyst isn’t the only one with a bullish stance following the price drop. One X user claimed SOL “is setting the pace,” predicting a pump to as high as $400. 

“Ignore the noise. This isn’t hype, it’s a shift in momentum. Smart money isn’t chasing later – it’s positioning now. Solana season is real,” they added. 

BitBull thinks SOL’s current price performance resembles that of 2023, which was followed by a major breakout. The analyst argued that the activity in the Solana network is still strong, while institutional inflows “are coming.”

“All it needs now is a weekly close above $230, and SOL parabolic run will start,” the X user suggested.

AlejandroBTC stands in the opposite corner, claiming there’s no real momentum, while exit liquidity is “getting thinner by the day.” The analyst forecasted that SOL’s price could continue to plunge, warning investors that the altcoins are not in a bull market. 

Observing Other Metrics

Over the past several months, the shift of SOL tokens from crypto exchanges toward self-custody methods has been more than evident. This results in reduced immediate selling pressure.

SOL Exchange Netflow
SOL Exchange Netflow, Source: CoinGlass

Solana’s Relative Strength Index is the next technical analysis tool we will touch upon. It tracks the speed and magnitude of recent price changes and helps traders identify overbought or oversold conditions. The metric varies from 0 to 100, and ratios around or below 30 suggest SOL could be headed for a rebound, while anything above 70 is considered bearish territory. Currently, the RSI stands at just over 30. 

SOL RSI
SOL RSI, Source: CryptoWaves
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Cryptocurrency

Ethereum ETF Inflows Soar in July, Outpacing Last 11 Months Combined

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Ethereum’s 10th anniversary is proving to be more than symbolic. As the network celebrates a decade since mining its genesis block on July 30, data shows a record-breaking surge in institutional demand.

Spot Ethereum ETFs recorded $5.41 billion in net inflows in July alone, surpassing the combined capital entries of the previous 11 months, which stood at $4.21 billion as of June 2025.

Institutional Investment Pushes ETH Into a New Phase

Data from SoSoValue shows that ETH ETFs have had $9.62 billion in cumulative fund deposits since their launch in July 2024. However, the inflows haven’t been consistent.

After a rocky start, with $483 million in outflows in their first month, the ETFs saw steady growth. They hit 10 figures for the first time in November 2024, when $1.05 billion came into the funds, followed by an even more impressive $2.08 billion the following month.

The first quarter of 2025 was more muted. January and February saw a combined $161.23 million in new capital before a poor showing in March led to more than $403 million flowing out of the ETFs.

Since then, the products have been on a tear, with investment activity growing exponentially month after month, to finally hit $5.41 billion in July. The explosion suggests a shift from institutional caution to aggressive accumulation, with ETH emerging as the clear beneficiary of this sentiment shift.

Data from SoSoValue shows that BlackRock’s ETHA alone now holds $11.39 billion in assets, while Grayscale’s ETHE remains in recovery after $4.31 billion in cumulative withdrawals. Together, these movements have pushed Ethereum ETF assets to $21.61 billion, which is about 4.75% of ETH’s market cap.

Price Momentum Builds as ETH Nears $4K

The price of ETH has also seen a fair amount of growth recently. At the time of writing, it was trading at $3,786, up 3.1% over the past week and 19.6% in the last fortnight despite a 2.4% dip in the previous 24 hours amid profit-taking.

It has also climbed 53.3% across 30 days, moving from around $2,470 to approach the $3,900 range, even briefly touching $3,933 before retracing.

QCP Capital has cautioned that derivatives positioning and overheated funding rates may create near-term resistance around $4,000, yet the structural tailwinds from ETF demand remain intact. If these fund flows persist, Ethereum could not only challenge its November 2021 all-time high of $4,878 but also cement itself as the centerpiece of a potential altcoin-led market cycle.

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