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State of the Market. Bitcoin Breaks $65K: Back in the Game! 🏈🏆

After what feels like a never-ending preseason, Bitcoin finally hit $65,000 for the first time since August, driven by none other than the monetary stimulus dream team: Team U.S. Federal Reserve and China! The Fed decided to cut rates by 50 basis points, which is basically like handing out free drinks at the concession stand. Meanwhile, China is thinking about injecting a cool $142 billion into state banks, because apparently, that’s what happens when you’re down in the fourth quarter and need to bring out the Hail Mary pass. 🏈💸

The crypto crowd is all fired up again, and even BlackRock's iShares Bitcoin Trust is seeing some love. That’s right, folks—Bitcoin ETFs are like the VIP box seats these days. And if you're still into the classics, even gold and silver hit record highs because apparently, it’s not just the tech stars getting the glory. 🏅💰

Bitcoin Shoots for $65K, But Can It Dunk? According to the benchwarmers at Kraken, $65,000 is the magic number. But here’s the kicker—Bitcoin's got to pull off a daily close above that level to confirm its next winning streak. Think of it as the slam dunk the crowd’s waiting for. 🏀🔥 If it fumbles, we might see a time-out and a pullback to $60K for some re-strategizing on the sidelines. Not ideal, but hey, even the best teams have off nights.

In the altcoin league, Ethereum and Solana are also on the court, though with a bit of mixed performance. Ethereum looks like it’s sizing up for a fast break, while Solana is kind of just... standing there in a defined range, waiting for its coach to call a play. 🏀⏳

Can Bitcoin take home the trophy? Or will it pull a Tom Brady and retire only to come back again? What could go wrong, it’s not like there is a bear left in the game, right? 🎮🏆

Source: https://x.com/boldleonidas/status/1837376396127035780 

Chart of the Day. "Crabs" and "Shrimps" Are on a Bitcoin Buffet: Retail Investors Go All In! 🦐 

In a plot twist worthy of a Hollywood comeback, retail Bitcoin investors—affectionately known as “crabs” and “shrimps”—are gobbling up 35,000 BTC over the last 30 days like they’ve discovered the secret sauce to crypto riches. 🍤🍾 And let’s not forget the other power move: 40,000 BTC have been withdrawn from exchanges. Yep, that's right, folks—liquidity is tightening faster than LeBron’s defense in a Game 7. 🏀

Will the whales notice? Or are the crabs and shrimps quietly building the next bull run while the big fish sleep? Stay tuned, the ocean's getting choppy! 🌊📈

The Next 3 Coins That Experts Say Are Going To Surge 🚀

Most Important News of the Day.

Crypto Chronicles: A Comedy of Errors and Innovations 🎭💰

On a recent episode of “Real Time with Bill Maher,” Bill claimed Bitcoin mining gobbles up 8% of global electricity—as if it’s throwing a wild party with 15.7 million gas-guzzling cars crashing the bash! 🚗💨 He lamented that all our green energy efforts are being sucked dry by crypto like a vacuum cleaner on steroids. Who knew mining was the ultimate energy thief? 💡🔋

PayPal is now letting U.S. business accounts buy, hold, and sell crypto. That's right, merchants can finally join the digital gold rush! 🏦💸 Just what we needed—more places to spend our Bitcoin like it’s Monopoly money! 🎲

Kamala Harris declared the U.S. should reclaim its title as the "blockchain champion" in a bid to define the next century. 🔗🏆 Unlike Donald Trump, she’s not tossing out random crypto facts on the campaign trail—more like a strategic game of chess. Who knew blockchain would be her secret weapon?

The SEC alleges that TrueUSD hasn't been backed by USD since 2022! Shocking, right? It’s like finding out your favorite magician's tricks are just sleight of hand! 🎩✨

Visa is launching a Tokenized Asset Platform for banks to issue fiat-backed tokens. It’s basically them saying, “Look, we can play with the cool kids now!” 🤖💳

According to CryptoQuant’s Ki Young Ju, Chinese mining pools control 55% of the network hashrate, while the U.S. holds 40%. So much for being the heavyweight champ—this match is still on! 🥊🌍

Robinhood is contemplating launching its own stablecoin. Because why not? It’s like a bakery deciding to sell gluten-free options—just trying to cater to everyone! 🍰💵

The CEO of BitMEX Group claims the U.S. crypto industry will follow its own unique path, probably with a lot of side quests and detours. It’s the "America's Got Talent" of the crypto world—just waiting to find its breakout star! 🌟

Our Daily Pick. io.net, the GPU Justice AI Agent. 🤖💻

io.net is like the Robin Hood of computing power—stealing from the idle GPUs of the world and redistributing that power to the hardworking machine learning engineers. It’s a decentralized network that gives you on-demand access to graphics processing units (GPUs) specifically tailored for AI and machine learning tasks. Forget traditional cloud services; this one runs on a distributed network of GPUs contributed by independent sources. It’s like a potluck dinner, but instead of bringing a casserole, you’re contributing computing power! 🍲💪

What is it used for? 🛠️

Machine learning engineers are using io.net to:

• Train and run complex models: Because what’s the point of AI if you can’t train it to beat humans at chess? ♟️

• Access scalable GPU clusters at lower costs: Finally, you can work smarter, not harder, without breaking the bank. 🏦

• Leverage distributed computing power: It’s like having a global team of GPUs working for you—fast and furious! 🌍⚡

io.net's Tokenomics 🪙

io.net rolls out its own native token called IO. Here’s a breakdown of its potential key aspects:

• Circulating Supply: 120,286,834 IO

• Total Supply: 800,000,000 IO

• Market Cap: $274,947,164ranked at #187

Problem Solved: 🔍

io.net tackles the real headaches of:

• High costs: Traditional cloud GPU resources are like the overpriced avocado toast of computing—no thanks! 🥑

• Limited scalability: It breaks the chains of traditional resource availability for large-scale AI projects. 🚀

• Geographical constraints: Access to distributed computing power for optimal performance without the need for a world tour. 🌏✈️

Core Concepts:

• Decentralized Physical Infrastructure Networks (DePINs): Think of networks like Render and Filecoin contributing resources to io.net, like a techy Justice League. 🦸‍♀️

• GPU Pooling: Combining idle GPU resources to create a powerhouse network. It’s like a gym for GPUs, but they don’t skip leg day! 💪

Use Cases: 🏆

• Training large neural networks: So they can learn how to outsmart their creators! 🤖

• Running complex simulations: Perfect for anything from weather forecasting to virtual reality. ☔

• High-performance computing for AI: Think image recognition and natural language processing that work as seamlessly as your morning coffee. ☕

Final Thoughts: 💭

io.net presents a promising solution for affordable and scalable computing power for AI development. But let’s face it—more transparency and ongoing development info would really help build trust. After all, no one wants to invest in a ghost story! 👻