Cointime

Cointime

Download App
iOS & Android
Home / Data

Elon Musk's new AI venture causes surge in cryptocurrency token XAI's value

The value of the cryptocurrency token XAI increased by an impressive 780% in one day following the introduction of Elon Musk's new artificial intelligence initiative, also called xAI. The new project is part of Musk's "X" umbrella brand, which includes Tesla.

The goal of xAI is to "understand reality." Other AI-related cryptocurrency tokens, such as SingularityNET and Fetch.ai, also saw gains after the announcement.

Cryptocurrency Elon Musk
Comments

All Comments

Recommended for you

  • German parliament passes Financial Market Digitalization Act

    According to a report by Ledger Insights, the German parliament (Bundestag) has passed the "Financial Market Digitalization Act" (Finanzmarktdigitalisierungsgesetz or FinmadiG) this week. The parliament responded to industry demands to ensure legislation is in place before MiCAR comes into full effect on December 30th.

  • Data: Yesterday, the US spot Bitcoin ETF had a net inflow of US$373 million

    According to Trader T's monitoring, the net inflow of US spot Bitcoin ETF was $373 million yesterday.

  • BTC breaks through $101,500

    the market shows that BTC has broken through $101,500 and is currently trading at $101,510.91, with a 24-hour increase of 6.15%. The market is volatile, so please be prepared for risk control.

  • The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%

     the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%.

  • U.S. stocks open, most crypto stocks open lower

     the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back.

  • BTC breaks through $98,500

    market shows BTC breaking through $98,500 and is now trading at $98,501.24, with a 24-hour increase of 0.84%. The market is volatile, so please be prepared for risk control.

  • Cardano's ADA Hits Highest Level Since May 2022 as Bitcoin Nears $100K and Capital Rotates into Alternative Cryptocurrencies

    Cardano's ADA has reached its highest level since May 2022, with evidence of significant participation from large traders in the on-chain activity. As Bitcoin approaches the $100,000 mark for the first time, capital is shifting towards alternative cryptocurrencies, generating excitement in the wider crypto market. Additionally, Bitcoin has broken a new record above $98,000, and there are reports that former US President Donald Trump is considering appointing a "Crypto Czar" and a crypto lawyer for SEC Chair. BlackRock's IBIT options launch has also contributed to Bitcoin's new ATH.

  • BCH breaks through $500

    market shows BCH has surpassed $500, currently trading at $521, with a daily increase of over 20%. The market is volatile, please be prepared for risk control.

  • ZachXBT: Suspected insiders made $3.8 million in profits on RTR

    On August 10th, Chain Detective ZachXBT posted on social media that 4 addresses made a profit of $3.8 million in the RTR sell-off, with the 9G1ELG and GHoW2 addresses belonging to the same person and receiving 500 SOL in new funds within minutes after the TGE. Previously, it was reported that Restore The Republic (RTR) had its TGE on the evening of August 8th, with rumors circulating in the community that it was related to a new project by the Trump family. The RTR token reached a high of $0.156 on August 9th at midnight. Afterwards, Eric Trump, the current Executive Vice President of the Trump Organization and son of Donald Trump, warned on social media to "be careful of false tokens" and that the only official Trump project has yet to be announced and will be announced on Twitter first. After the statement was released, RTR quickly dropped by about 95%, with a trading volume of $164 million within just 15 hours of its creation.

  • The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

    The US Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction income. The public has 30 days to provide feedback to the IRS on this version. Starting in 2026, cryptocurrency investors who use brokers (currently mainly Coinbase and Kraken, among others) will receive 1099-DAs from these brokers to report certain cryptocurrency sales and trades as taxable events to the IRS. IRS officials say this form will "bring more convenience and clarity" to users who pay US cryptocurrency taxes.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company