‍Cobalt Finance Unveils AI-Powered Blockchain Intelligence Platform Cobalt Finance is launching an advanced AI platform to deliver institutional-grade blockchain intelligence. The platform integrates LLM-driven analysis of exclusive datasets with direct briefings from C-suite executives and core developers. Key features include proprietary datasets, expert briefings, and sophisticated computational analysis, designed to meet the rigorous demands of hedge funds, family offices, and leading blockchain protocols. This initiative aligns with the broader movement towards startups at the intersection of AI and blockchain.
‍Kraken-Backed Argentum AI Secures Funding for Decentralized Compute Marketplace Argentum AI (AAI) has successfully closed an oversubscribed pre-seed funding round, led by Kraken, Banyan Ventures, and others. The platform aims to democratize access to high-performance computing by merging AI and decentralized infrastructure. AAI is developing an open marketplace to connect organizations needing compute power with providers of underutilized resources. This Web3 framework will offer cost-effectiveness, accessibility, and improved performance for tasks like AI training and 3D rendering. The platform utilizes zero-knowledge frameworks and a universal compute token for secure, transparent on-chain settlement, addressing the growing demand for AI and enabling cross-border transactions. Argentum AI seeks to create a decentralized, independent marketplace for compute requirements, inspired by Web2 marketplace models.
‍Machi Big Brother's Crypto Portfolio Sees Wild Swings Jeffrey Huang, known as "Machi Big Brother," has experienced significant fluctuations in his crypto holdings. A leveraged long position on the Plasma (XPL) token, initially showing a nearly $44 million profit, has now resulted in an $8.7 million floating loss. Despite this setback, Huang maintains other profitable positions, and his overall account remains in profit. Data indicates other large investors, or 'whales,' are accumulating XPL, suggesting a potential price recovery. However, a large token unlock event scheduled for October 25th could introduce significant selling pressure, highlighting the inherent volatility in leveraged crypto trading.
‍SimpleFX Reintroduces First Deposit Bonus for Crypto Traders SimpleFX has announced the return of its First Deposit Bonus (FDB) for new traders. This initiative aims to provide an immediate capital boost, particularly for those interested in cryptocurrency markets. The bonus is automatically credited within minutes of a client's first deposit, strengthening their initial trading position and offering greater flexibility. SimpleFX, established in 2014, offers access to forex, cryptocurrencies, and CFDs, with accounts denominated in fiat currencies and popular cryptocurrencies like BTC and ETH.
‍TokenFi Launches National Media Campaign for RWA Tokenization TokenFi has partnered with New to The Street for a three-month campaign targeting over 219 million U.S. households. The initiative aims to simplify asset tokenization and bring the trillion-dollar industry to the mainstream. The campaign includes sponsored content on Fox Business and Bloomberg TV, high-frequency commercials on CNBC, FOX Business, and Bloomberg, and prominent placements on the Reuters billboard in Times Square. TokenFi ads will also be distributed across New to The Street's digital network, including YouTube. TokenFi will also engage directly with investors through broker meet-and-greets, retail investor gatherings, and virtual sessions with family offices. The platform is designed to eliminate coding expertise requirements for asset tokenization.
‍OnRe Opens Permissionless DeFi Access to Institutional Reinsurance Yield OnRe has expanded global access to its flagship product, ONyc, via a new permissionless channel. DeFi users can now directly access the $1.2 trillion reinsurance market, historically exclusive to institutional investors. ONyc is a collateralized, yielding dollar asset backed by reinsurance premiums. This move aims to bridge traditional finance and DeFi, offering uncorrelated, resilient returns. An exclusive two-week points campaign runs from October 1st to October 16th for early ONyc adopters.
‍Bitcoin Poised for Q4 Surge: Key Indicators Signal Explosive Growth Bitcoin (BTC) closed September with a 5% gain, defying historical trends and sparking optimism for a significant upward movement in Q4. Robust on-chain and technical indicators suggest accumulation and strong buying power are setting the stage for growth. Key signals include a low Stablecoin Supply Ratio (SSR) RSI (21), indicating ample liquidity ready to enter the market. Tether (USDT) supply has expanded significantly, with over 10 billion minted recently. Long-term holders are accumulating a record 298,000 BTC, signaling strong conviction. Historical data shows that positive September closes often precede substantial Q4 gains, averaging 78% historically. Recent market structure analysis also suggests a potential local bottom has been established, preceding sustained recovery.
‍Bitcoin Nears $117K, Rekindling Gold Correlation Bitcoin (BTC) is demonstrating resilience, approaching $117,000 after a strong Q3. Analysts note a renewed correlation with gold, which has also hit record highs. Key resistance is observed around $117,500. Significant liquidity clusters near $107,000-$108,000 (long liquidations) and $118,000-$119,000 (short liquidations) suggest potential volatility. This move mirrors gold's performance, with charts showing BTC priced in gold attempting to break long-term resistance. However, some analysts caution that gold's rally may be slowing, potentially leading investors to shift towards Bitcoin.
‍Systango Launches GenAI Studio to Accelerate Blockchain AI Integration Systango, an AWS, Microsoft, and Google Cloud partner, has introduced its GenAI Studio, an accelerator program designed to help blockchain enterprises and crypto projects integrate Generative AI. The initiative aims to bridge the gap between theoretical AI concepts and tangible, value-driven applications within 12 weeks, offering a comprehensive roadmap from use-case identification to deployment and scaling. CEO Vinita Rathi stated, "AI is already delivering measurable results... yet many enterprises remain paralysed at the start-line by uncertainty." GenAI Studio provides a structured approach to test and deploy AI, focusing on measurable business outcomes, including enhanced smart contract auditing, DeFi risk management, AI-powered NFT/metaverse content creation, on-chain data analysis, and intelligent customer support. The program also includes go-to-market and VC-led investment support.