XRP price forecast with SEC set to approve first spot ETF by Oct. 18
The General Investment Corporation (GIC) has sounded the alarm on the AI hype and the economic fallout from the pandemic as concerns mount over the potential risks associated with the rapid advancement of artificial intelligence technologies. GIC’s warning comes against the backdrop of increased reliance on AI in various industries and the growing debt burden faced by many countries due to the economic downturn caused by the global health crisis.
In a move to enhance its AI capabilities, Fujitsu has announced a strategic partnership with Nvidia, a leading provider of graphics processing units (GPUs) and AI technology. The collaboration aims to leverage Nvidia’s expertise in AI and GPU technology to develop innovative solutions that cater to the evolving needs of businesses across different sectors.
However, the CEO of Nvidia revealed that the company’s AI agreement with the United Arab Emirates (UAE) has been slowed down due to national security concerns. This development underscores the delicate balance between promoting technological innovation and safeguarding national interests in an increasingly digitized world.
Meanwhile, Perplexity, a key player in the AI industry, has expanded its capabilities by acquiring a designer tool that will allow it to offer more advanced and user-friendly solutions to its clients. The move is part of Perplexity’s strategy to stay ahead of the competition and maintain its position as a market leader in the fast-paced AI landscape.
In the cryptocurrency market, XRP has surged above $3, with traders eyeing a potential move to $4 as Bitcoin reaches new highs. Dogecoin has also recovered by 3% to $0.26, with traders setting their sights on the next resistance level at $0.30. Bitcoin, on the other hand, has hit a new all-time high, while exchange balances have dropped to a six-year low, indicating a strong demand for the digital asset.
HBAR, another popular cryptocurrency, is facing a tight range at $0.22, with support levels holding firm despite market volatility. The overall cryptocurrency market is experiencing a surge in prices, with Bitcoin hitting new ATHs above $125K, driven by a bullish trend known as ‘Uptober’ that has lifted investor sentiment and market confidence.
In a groundbreaking move, Walmart has announced plans to offer Bitcoin and Ethereum trading through its OnePay app in 2025, providing customers with easy access to the world of cryptocurrencies. JPMorgan and Citi have also forecasted significant price growth for Bitcoin in the fourth quarter of 2025, citing increased inflows into Bitcoin exchange-traded funds (ETFs) as a key driver of this trend.
Walmart-backed OnePay is set to add Bitcoin and Ether to its superapp, expanding its range of services to include popular cryptocurrencies. Meanwhile, XRP’s ambition to replace the SWIFT payment system has faded as SWIFT launches its own blockchain ledger, signaling a shift in the global financial landscape. In Kazakhstan, the establishment of the Alem Crypto Fund and its first purchase of BNB reflect the growing interest in cryptocurrency investments in the region.
Former Ripple CTO, Nikolaos Bougalis, has joined the Algorand Foundation to help drive growth and innovation in the blockchain space, highlighting the interconnected nature of the cryptocurrency and AI industries. As these sectors continue to evolve and intersect, stakeholders must navigate the opportunities and challenges that arise from the adoption of cutting-edge technologies in a rapidly changing digital landscape.
