Bitcoin Losses Now Equal 19% Of Market Cap, Echoing May 2022

  vor 8 Monaten

Analytics firm Glassnode has highlighted how the current Bitcoin market pain echoes May 2022 based on the trend in the Relative Unrealized Loss. Bitcoin Relative Unrealized Loss Has Shot Up Recently As explained by Glassnode in a new post on X, the current structure of the Bitcoin Relative Unrealized Loss could mirror May 2022. The “ Relative Unrealized Loss ” is an on-chain indicator that measures the amount of unrealized loss being held by BTC investors as a whole as a percentage of the asset’s market cap. The metric works by going through the transaction history of each coin on the blockchain to determine the last price it was moved at. If this last selling price was less than the current spot price for any token, then the indicator considers that particular coin to be underwater right now. The exact degree of loss carried by the token is equal to the difference between the two prices. The Relative Unrealized Loss sums up this value for all underwater coins and calculates what part of the market cap that it makes up for. Another indicator called the Relative Unrealized Profit tracks the tokens of the opposite type. Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin Relative Unrealized Loss over the last several years: As displayed in the above graph, the Bitcoin Relative Unrealized Loss has witnessed a rise as the cryptocurrency’s price has gone through a bearish shift in recent months. The latest crash to $60,000, in particular, induced a sharp surge in the indicator. Currently, the Relative Unrealized Loss is sitting at a value of about 19% as the asset trades near $67,000. From the chart, it’s apparent that this is the highest level that the indicator has hit since 2023. But more importantly, the recent trajectory in the metric has looked reminiscent to that witnessed during the bear-market transition from the last cycle. “Current market pain echoes a similar structure seen in May 2022,” noted Glassnode. The bear market of 2022 didn’t reach its bottom until the FTX crash put investors in an unrealized loss exceeding 60% of the market cap. It now remains to be seen when Bitcoin will reach a low this time around. In some other news, the market downturn that has followed since the October all-time high (ATH) has resulted in the largest drawdown in history for the US spot exchange-traded funds (ETFs), as the analytics firm has pointed out in another X post . At the moment, Bitcoin spot ETFs are down 100,300 BTC. “Institutional de-risking has added structural weight to the ongoing weakness, reinforcing the broader risk-off environment,” explained Glassnode. BTC Price Bitcoin has been stuck in consolidation recently as its price is floating around $66,700.

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OpenAI resets spending plan, cuts its 2030 compute spending target to $600 billion

  vor 8 Monaten

OpenAI has told investors it now plans to spend about $600 billion on total compute by 2030. That replaces the earlier $1.4 trillion infrastructure figure that CEO Sam Altman had discussed months ago. The new number comes with a clearer timeline. US media alleges that the lower target follows concern that expansion plans were too aggressive compared with expected revenue. OpenAI is now projecting more than $280 billion in total revenue by 2030, with consumer and enterprise segments contributing almost equally. Reportedly , the revised spending plan ties directly to that revenue outlook. OpenAI resets spending plan As Cryptopolitan reported during the second half of last year, OpenAI announced many multibillion-dollar infrastructure agreements after partnering with major chipmakers and cloud providers to expand supercomputing capacity. Meanwhile, Nvidia has confirmed that it is in talks to invest up to $30 billion in OpenAI as part of a funding round. That round could value OpenAI at a $730 billion pre-money valuation. The potential $30 billion investment is separate from the $100 billion infrastructure agreement announced in September between Nvidia and OpenAI. A person familiar with the matter said the $30 billion is not tied to deployment milestones. The September framework was different. It outlined Nvidia investing over several years as new supercomputing facilities came online. At the time, it was said that Nvidia’s first $10 billion would be deployed once the first gigawatt facility was completed. The possible $30 billion investment does not follow that same structure. However, the person said Nvidia could still participate in future rounds that align with the September framework. OpenAI reported $13.1 billion in revenue for 2025. That exceeded its $10 billion target. The company burned $8 billion during the year, below its earlier $9 billion spending target. These numbers were shared by sources familiar with internal figures. Nvidia faces earnings spotlight OpenAI started in 2015 as a nonprofit research lab. It became mainstream after launching ChatGPT in 2022. ChatGPT now serves more than 900 million weekly active users, up from 800 million in October, according to people with knowledge of the data. The coding tool Codex has passed 1.5 million weekly active users. Codex competes with Anthropic’s Claude Code, which has gained adoption over the past year. Nvidia is set to release quarterly earnings on Wednesday. Investors are watching closely as concerns grow about returns on artificial intelligence spending. Nvidia is currently the largest company in the world by market capitalization. Its stock surged after ChatGPT launched in late 2022. So far in 2026, shares of Nvidia and other Magnificent Seven companies have stalled. Markets are also watching upcoming earnings from Salesforce and Intuit. Software stocks have fallen this year. Investors worry that artificial intelligence will disrupt traditional business models. In November, Nvidia stated in its quarterly report that there was “no assurance that we will enter into definitive agreements with respect to the OpenAI opportunity or other potential investments.” Sam Altman responded to speculation on X, writing that OpenAI loves working with Nvidia and that he does not “get where all this insanity is coming from.” Earlier this month, Jensen Huang told Jim Cramer there was “no question” Nvidia would invest in OpenAI’s next funding round. Sharpen your strategy with mentorship + daily ideas - 30 days free access to our trading program

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SEC Issues 2% Stablecoin Capital Guidance, Softening Regulatory Pressure on Institutional Exposure

  vor 8 Monaten

SEC signals regulatory clarity for payment stablecoins, allowing broker-dealers to apply a 2% net capital haircut and paving the way for broader tokenized securities activity under existing rules. SEC Clarifies Broker-Dealer Treatment of Payment Stablecoins Under Net Capital Rule The U.S. Securities and Exchange Commission (SEC) Division of Trading and Markets issued a new FAQ

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XRP Ledger Gets x402 Facilitator For AI Agent Payments: Why This Is Bullish

  vor 8 Monaten

t54.ai has launched an x402 “facilitator” on the XRP Ledger (XRPL), a payments relay that lets AI agents pay for API calls and digital services in-line with normal HTTP requests using XRP or RLUSD. The pitch is simple: turn pay-per-request into a native part of the web stack, no accounts, no API keys, and settlement that happens on-chain. AI Agents Can Now Pay Via XRP Ledger The release plugs XRPL into x402, an open payments standard built around the long-reserved HTTP status code 402 Payment Required. In an x402 flow, a client requests a resource, the server replies with a 402 and machine-readable payment requirements, and the client retries the request with proof of payment. Coinbase’s x402 documentation frames the goal as programmatic access “without accounts, sessions, or complex authentication,” so both humans and autonomous agents can pay for usage-based services directly over HTTP. Related Reading: The 200 Million XRP Exodus: Investors Swap Speculation For Private Custody On X, t54.ai described the facilitator as “now live on the XRPL,” adding that agents can pay with “XRP and RLUSD – no API keys, no accounts, no friction.” Another post positioned x402 as “the open standard for machine-native payments,” where the server responds with HTTP 402 “Payment Required” and the agent pays immediately, with the facilitator handling verification and settlement on-chain. Popular XRP community account BankXRP wrote via X: “t54ai just launched the x402 facilitator AI agents can now pay for API calls and services with frictionless $XRP or $RLUSD micropayments using the HTTP 402 standard. No API keys. No accounts. Instant, sub-cent fees. Real machine-to-machine economy on the fastest, most scalable ledger in crypto.” t54’s XRPL deployment is designed to be “plug and play,” emphasizing no custody and no API keys. The public documentation for the XRPL x402 facilitator says it processes x402 payments on XRPL using payer-signed presigned Payment transaction blobs, and supports XRP plus IOU tokens including RLUSD (and USDC). Resource servers verify and settle by calling standard facilitator endpoints like /verify and /settle, mirroring the core x402 architecture where the facilitator is the chain-aware component that validates payment payloads and executes settlement. Related Reading: This Korean XRP Exchange Data Has The Community Losing It t54.ai also claims the system is already “in production” with BlockRunAI, a unified gateway that provides agents access to “30+ models (GPT, Claude, Grok, etc.).” In that integration, agents pay per request via x402, and the resulting payment volume “is now settling on XRPL,” effectively turning model inference and tool calls into metered on-chain commerce. Why This Is Bullish For XRP The “bullish” framing here isn’t about a single partnership logo, it’s about inserting XRPL into a broader emerging standard for agent-native commerce. x402 is explicitly designed to be network-agnostic, but in practice, standards only become real once developers can ship them with minimal ceremony. A working facilitator on XRPL means one more credible rail for high-frequency, low-value payments where the unit economics break traditional billing. It also cleanly links XRPL’s identity—fast settlement and low fees—to a use case that’s structurally growing: autonomous software paying other software. x402’s ecosystem pages and docs emphasize pay-per-use pricing and minimal integration overhead; that aligns with agent workflows where “thousands of API calls” and tool invocations need granular billing rather than subscriptions. None of this guarantees meaningful volume. But it does make the path to volume legible: more x402-enabled endpoints, more agent clients, and more facilitators that can clear payments cheaply and predictably. At press time, XRP traded at $1.4126. sd Featured image created with DALL.E, chart from TradingView.com

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Dubai anchors real estate tokenization on XRP ledger as token climbs 2%

  vor 8 Monaten

The Dubai Land Department (DLD), an official government entity that regulates, documents, and promotes the real estate sector in Dubai, has announced the launch of its first blockchain-based platform. Token payments in this project would be backed up and secured by Ripple Custody, with XRP Ledger facilitating on-chain real estate transactions. News of the project’s progress coincided with a modest price uptick for XRP. According to real-time market data, XRP has been trading around $1.43, posting roughly a 2 % gain over recent sessions. The digital transformation program, known as Prypco Mint, is expected to drive the Dubai Property Regulatory Authority’s ambition to digitize $16 billion in real estate by 2033. To create that incredible experience, the DLD collaborated with the prop-tech firm Prypco, based in Dubai. This move prompted several reporters to reach out to the Land Department for comment. In response to this request, the government entity shared a press release stating that this project will allow investors to purchase fractional ownership of Dubai properties in local currency, starting at 2,000 dirhams (AED), or $540. In the initial phase, the platform will be restricted to United Arab Emirates (UAE) residents with a valid Emirates ID and will only accept transactions in AED. Nonetheless, sources confirmed that the Dubai Real Estate Governing Body made clear its intentions to accelerate international expansion and broaden platform integration soon. Dubai embraces a significant strategic move in its real estate sector Just recently, the Dubai Land Department announced its intention to initiate the second phase of a pilot program focused on real estate tokenization. The Land Department adopted this decision after $5 million in Dubai-based property was successfully tokenized, making around 7.8 million tokens representing fractional ownership in various Dubai properties available for resale. Interestingly, the pilot phase saw properties sell out in under two minutes. It is worth noting that Ctrl Alt, a London-based, regulated technology provider serving as the partner supplying this pilot’s tokenization technology, will issue Asset-Referenced Virtual Asset management tokens to facilitate secondary-market transfers of these tokens. Following this announcement, several analysts shared that Dubai’s property market and crypto-friendly regulations have positioned the city as a global leader. After conducting thorough research, the analysts noted that Ctrl Alt made public the Asset-Referenced Virtual Asset management tokens project just after DarGlobal, a London Stock Exchange-listed international real estate developer, and World Liberty Financial, a decentralized finance protocol backed by US President Donald Trump and his sons, revealed plans for the tokenization of a Trump-branded resort, which is under development in the Maldives. Regarding DLD’s first blockchain-based real estate platform, reports highlighted that Zand Digital Bank serves as the venture’s banking partner, while the UAE Central Bank, the Dubai Virtual Assets Regulatory Authority (VARA), and the Dubai Future Foundation provide oversight. The Dubai Future Foundation will offer these measures using its dedicated PropTech Sandbox, designed to test and scale real estate technologies. In a statement, the Founder and CEO of Ctrl Alt, Matt Ong, pointed out that, “We are excited to build the tokenization infrastructure that allows DLD’s partners to provide fractional real estate opportunities to investors. Dubai’s leadership in adopting advanced financial technologies is truly exceptional, and this project signals great things ahead.” At this moment, sources with knowledge of the situation who wished to remain anonymous due to the confidential nature of the matter revealed that the Dubai Real Estate Governing Body chose the XRPL for its project due to its unique characteristics: swift transaction speeds, lower fees, and compliance with local regulatory frameworks. Several individuals demonstrated heightened interest in XRPL’s infrastructure Ripple has conscientiously developed the XRPL’s infrastructure, specifically gearing it toward institutional and enterprise use cases. Last year, reports highlighted that the San Francisco-based financial technology company allocated about $10 million into OpenEden as part of a broader move to support tokenized Treasury bills. Afterwards, it pledged $5 million to Abrdn’s Luxembourg-based tokenized fund. In the meantime, analysts discovered that tokenization on XRPL has surged by more than 2,200%, attributing this increase to transparent regulations adopted after the SEC’s crucial decision in August 2025 and to new collaborations, such as Archax and Ripple’s acquisition of Hidden Road. At this point, several individuals wondered whether the increased adoption of XRP in DeFi would continue this year and whether it could boost the token’s value. The smartest crypto minds already read our newsletter. Want in? Join them .

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Bitcoin Trails Gold and S&P 500 as Traditional Assets Extend Record Gains

  vor 8 Monaten

Bitcoin underperformed gold and the S&P 500, failing to match their record-setting gains. Its reputation as ‘digital gold’ is now being questioned amid changing market dynamics. Continue Reading: Bitcoin Trails Gold and S&P 500 as Traditional Assets Extend Record Gains The post Bitcoin Trails Gold and S&P 500 as Traditional Assets Extend Record Gains appeared first on COINTURK NEWS .

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Ethereum’s hard turn signals rising pressure from high-performance rivals

  vor 8 Monaten

Ethereum’s recent protocol upgrades suggest more than incremental improvements as high-performance competitors chip away at its dominance. Vitalik Buterin detailed the plan to build what he called a “cypherpunk principled non-ugly Ethereum” — not as a replacement chain, but as a tightly integrated evolution of the existing system. The proposal follows ETH developers formally scheduling Fork-Choice Enforced Inclusion Lists (FOCIL) for the forthcoming Hegota hard fork (currently targeted for late 2026). And with account abstraction updates and long-term architectural changes, that transition signals a broader recalibration of Ethereum’s roadmap at a time when rivals are catching up. The development comes as BNP Paribas Asset Management taps Ethereum for a new blockchain pilot, this time issuing a tokenised share class of a French‑domiciled money market fund. The tokenized shares, issued onchain using BNP Paribas’ AssetFoundryTM platform, will give gated access via a “permissioned access model on ETH … whereby holdings and transfers are restricted to eligible and authorised participants, in line with applicable regulatory requirements,” according to the announcement. Ethereum targets rival chains with Base-Layer overhaul and ZK integration FOCIL, known as EIP-7805, aims to improve Ethereum’s censorship resistance at the protocol level by forcing validators to include all transactions. The mechanism would allow validator committees to apply fork-choice rules and inclusion lists to force the inclusion of transactions. If the proposed block fails to include legitimate public mempool transactions, the chain can fork, allowing inclusion within a limited number of slots at once. The native account abstraction mechanism is introduced in EIP-8141 and is also in the pipeline for Hegota. Ethereum’s scaling strategy has relied for years on a rollup-first roadmap, driving execution into Layer 2 networks but leaving the base layer relatively lean. But Buterin’s recent rhetoric points to a different emphasis. Instead of relying solely on rollups to improve scalability and ease user experience, Ethereum is turning its attention to improving the architecture of its base layer. Buterin has also advised longer-term structural changes. This includes embedding zero-knowledge (ZK) proofs into Layer 1 validation in a proposed “Beam Chain”. The timing is notable. High-performance Layer 1 chains like Solana have become popular for their high throughput, low fees, and simplified user experience, despite their monolithic architecture. With Ethereum’s growing modularity, these networks handle transaction processing on a single layer, reducing fragmentation. While the blockchain network’s multiple rollup model has improved scalability, it has also made issues more complex — specifically around liquidity, bridging, and user experience. As rival ecosystems seek simplicity and speed, Ethereum seems set to recalibrate. Buterin recently likened those upcoming changes to what he described as a “jet engine changes in-flight” of sorts, referencing the network’s 2022 move to proof-of-stake. He even considered multiple potentially larger transformations of Ethereum (state tree rewrites, leaner consensus, ZK-native validation, virtual machine changes). Base-layer upgrades reinforce security and neutrality Instead of fragmentation through Layer 2s and competing EVM-based chains, Ethereum’s leadership seems set upon recapturing architectural control back at the base layer. The “hard turn” has less to do with delivering throughput and more with upholding the features that the network itself was built around: censorship resistance, neutrality, and cryptographic robustness. The extent to which this recalibration is a defensive move, a stand against its high-performance rivals, or a natural evolution of Ethereum’s roadmap remains open to debate. But what is unambiguous is that Ethereum is no longer willing to rely solely on rollups for its future growth. To that end, as high-speed rivals recalibrate expectations for blockchain performance, Ethereum is betting that hardening its core — while streamlining its long-term architecture — will help position it as the industry’s bedrock settlement layer. The bet may pay off in the next phase, starting with Hegota. If you're reading this, you’re already ahead. Stay there with our newsletter .

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