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Elon Musk announced on Friday night the sale of his social network X to his own artificial intelligence company, xAI. This major transaction values X at 33 billion dollars, slightly less than Twitter’s initial purchase price in 2022, but also includes 12 billion dollars in debt. Elon Musk announced this transaction on Friday night directly on his X account. The billionaire revealed that his platform would come under the control of xAI , his artificial intelligence startup. “The future of xAI and X is closely linked“, he stated , emphasizing the necessity to “combine data, models, computing, distribution, and talent”. This merger occurs at a strategic moment. The Grok chatbot, created by xAI, is already operating on X, demonstrating early synergies. According to Musk, this alliance will “unlock immense potential” by combining xAI’s expertise with X’s 200 million users, to provide “smarter experiences”. The new merged entity would reach a valuation of 80 billion dollars. This figure represents a spectacular turnaround for X, whose value had dropped by nearly 80% according to estimates from investment firm Fidelity last October, before partially rebounding at the end of the year. This reorganization comes as Elon Musk now plays a key role in the Trump administration. Appointed to head the Department of Government Efficiency , the billionaire seeks to better organize his numerous businesses in the face of criticism about his ability to manage them simultaneously. This acquisition fits into Musk’s clear ambition to become a major player in artificial intelligence. His recent attempt to acquire OpenAI for nearly 100 billion dollars shows his willingness to compete directly with Sam Altman, the creator of ChatGPT. The X platform has recently won back major advertisers like Amazon and Apple, who are returning after stepping back due to moderation controversies. The valuation of xAI has also skyrocketed, reaching nearly 75 billion dollars according to Bloomberg. By merging X and xAI, Musk thus strengthens his position in the AI market, a priority sector for the Trump administration. In summary, X’s renewed success is closely tied to the growing influence of Musk in American politics . His new governmental role makes X an essential platform for tracking the activities of the Trump administration, attracting investors and users.

A crypto analyst used Cardano (ADA) price action to illustrate the broader crypto market’s conflicting signals currently. According to “cryptorecruitr” on X (formerly Twitter), ADA’s chart suggests a possible short-term decline. However, the longer-term perspective still presents a potentially bullish outlook. The analyst argued both short-term bearish and long-term bullish projections can hold validity simultaneously for traders. An individual’s decisions, they noted, depend on personal strategy and preferred timeframe. The analysis concluded both scenarios reflected possibilities for significant price movement. This means traders positioning for either direction might eventually be proven right, depending on how the market resolves from its current state. Related: Top Analyst’s Confident Take: ADA and XRP at $10? ‘Fine With Me’ This analysis arrives as the cryptocurrency market remains in a state of consolidation, lacking a clear directional trend for several months. Notably, apart from Bitcoin, most crypto assets failed to reach their previous all-time highs during the market’s last major upward phase. That development led many analysts to believe significant upside potential remains untapped across the altcoin sector. Overall, the market reflects a mid-trend consolidation picture. The total crypto market capitalization currently sits near $2.68 trillion, according to TradingView data. It retraced to this level after peaking near $3.73 trillion in December 2024 and has since found support around the notable $2.6 trillion region. This current crypto market status leaves many traders primarily in observation mode. They appear to wait for clearer signals indicating whether the market will resume an upward trend or break below current support levels. Related: XRP, SOL, ADA, DOGE Prices Analyzed Following IBKR Listing News ADA’s recent price behavior exemplifies the situation facing many other cryptocurrencies currently consolidating near key zones. Analysts generally expect a more definite market-wide direction to emerge in the near future. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Chainlink (LINK) seems to have taken a hit by the recent broad market liquidation as it has declined by 5% on its daily price chart to plunge below its crucial support level at $15. At press time, the asset was trading at $14.6 with a market cap of $9.6 billion. Meanwhile, its daily trading volume stages a 7% nosedive to reach $356 million. As outlined in our recent coverage, these declines were probably triggered by high sell-off concerns. Conversely to the overall market behavior, the asset continues to dominate in terms of user engagement as its social dominance significantly increases across all platforms. According to Santiment data , Chainlink’s discussion on social media has reached its highest point since October 2024. As discussed earlier, Chainlink has been on top of social metrics with our previous coverage highlighting the asset comfortably dominating in the Real World Assets (RWAs) category in terms of social mentions. Meanwhile, key whales and sharks with wallet sizes of between 10K to 10M have added 26 million more LINK since September 2024. According to the data, wallets of this size have reached an all-time high of 438.33M LINK, representing 43.8% of the supply. Explaining some of the reasons for the incredible surge in social discussion, Santiment mentioned the recent news surrounding a private meetup between US governance and the blockchain industry. At the event, Chairman Tim Scott stressed the importance of creating a healthy environment for digital asset firms to thrive in the US. Analysts have hinted that the rising social discussion around LINK signifies a growing interest and potential adoption which could subsequently reflect in its price. Currently, the asset faces a crucial resistance level at the $16.5 to $17.3 range. A break above the upper level of this area could see LINK hovering within a major resistance range of $20.2 to $21.7 range. On the downside, LINK could extend its current downward trend to find support at the lower side of the uptrend which is fixed at $12.6. Meanwhile, analyst Marzil still remains optimistic as he insists that the asset could stage a rebound to hit three key targets – $25.80, $32.66, and $40.70. Earlier, this analyst explained that LINK is trending within an ascending wedge structure after staging a rebound from the Fibonacci level of 0.786 ($13.55). When LINK was trading at $26, an analyst identified as Rose disclosed that the asset was “sitting” at an accumulation zone. At that time, Rose pointed out that a further drop to the $18-$20 range would act as another buying opportunity. 13 Days of accumulation below the $28 key level for $LINK. In my opinion, current levels are ideal for buying as we are still in accumulation and above the breakout zone. Worst-case scenario: Add more if $LINK revisits the breakout area. Anything below $20 is a buying opportunity! Currently, the asset trades below the highlighted accumulated zone, however, Rose expects a rebound to $39, as explained in our last analysis.

Americans now expect inflation to reach 4.1% over the next 5-10 years, the highest reading since February 1993 🚨

Vitalik proposed a 2-of-3 proof system architecture of optimistic, ZK, and TEE - based provers is proposed for EVM rollups to reach stage 2, which offers instant finality, meets criteria, and reduces risks. Also, ZK - EVMs are on track for one - slot proofs, but the Ethereum