28 May 2025, 18:22

Bitcoin Treasury List Grows With Entry of Crypto Brokerage K33

The Norway-based brokerage and research services firm said it believes Bitcoin will become part of the global financial system.

28 May 2025, 18:10

Is Meta lagging behind in the AI race?

Meta Platforms has quietly restructured its AI division, carving it into two specialized teams in a bid to accelerate product delivery and deepen its long-term research capabilities. The move is reportedly also meant to directly compete with rivals like Google and OpenAI at a time when the company is facing stiff competition even from the Chinese social media platform TikTok. The split is to enhance efficiency for Meta’s AI teams In a memo circulated internally by Chief Product Officer Chris Cox, the AI arm was reconstituted into an AI Products Team and an AGI Foundations Team, a move designed to sharpen each group’s focus and minimize cross-team dependencies. Rather than trimming headcount, Meta has simply realigned existing talent – the AI Products Team, now under the leadership of Connor Hayes, will be charged with embedding and refining AI features that users interact with directly. This includes personalized recommendation engines, smart assistants across Facebook, Instagram, and WhatsApp, as well as the company’s standalone AI application, an interface akin to other leading generative AI platforms. By concentrating on consumer-facing tools, this cohort aims to make everyday social-media experiences richer and more competitive. Concurrently, the AGI Foundations Team, co-headed by Ahmad Al-Dahle and Amir Frenkel, will pursue Meta’s loftier ambitions of artificial general intelligence (AGI), overseeing open-source large language models like Llama and pushing advances in reasoning, multimedia processing, and voice synthesis. This split aligns Meta more closely with the organizational models adopted by rivals such as Google, Anthropic, and OpenAI, where product engineering and fundamental research are often housed in separate siloes to prevent either from slowing the other down. While Meta’s Fundamental AI Research group (FAIR) will continue to operate autonomously, a FAIR sub-team focused on multimedia capabilities has been reassigned to the AGI Foundations unit, symbolizing the renewed emphasis on the fusion of research and future-proof development. Is Meta lagging behind in the AI race? According to insiders, the restructuring is not a reaction to imminent layoffs; rather, it reflects CEO Mark Zuckerberg’s strategy to bolster both short-term innovation cycles and long-term technological leadership without sacrificing staff or morale. Late-April departures , most notably that of Joelle Pineau, the veteran head of FAIR who announced her exit effective May 30, 2025, underscore the pressure on Meta to retain top AI talent even as competitors like Mistral and Anthropic aggressively recruit from its ranks. Meta’s pivot comes amid growing perceptions that it lags behind in the high-stakes AI race. Tech heavyweights such as Google have unveiled market-first models like Gemini and the visual-analysis VEO3, while OpenAI’s ChatGPT continues to expand its presence across industries. In response, Meta has already woven its AI assistant into core services, from messaging to content creation, and recently launched an independent app at its LlamaCon conference, granting users standalone access to its generative engine. The freshly minted AI Products Team will steward this application alongside in-platform integrations, with the goal of outpacing rivals on usability and engagement. At the same time, the AGI Foundations Team will refine the underlying Llama architecture, build next-generation large language and multimodal models, and experiment with advanced reasoning algorithms and voice-interface technologies that could one day underpin broader Meta initiatives. This two-pronged approach reflects a carefully calibrated growth strategy. Frontline engineers and designers sprint to deliver feature updates and consumer hooks while deep-research scientists methodically tackle the complex challenges of true general intelligence. “Our new structure aims to give each organization greater ownership and make explicit any remaining dependencies.” Cox. Cox emphasized that the reallocation of personnel is intended to foster accountability and speed. By isolating research goals from product roadmaps, Meta hopes to avoid dilution of effort, a chronic risk when the same group juggles both exploratory science and market-driven deliverables. Furthermore, the company has assured employees that no executive positions will be cut and that the reshuffle merely redistributes existing roles rather than shrinking the workforce, a reassurance aimed at preserving institutional knowledge and reducing anxiety during the transition. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

28 May 2025, 16:45

XRP Price Could Rally 3,130% With 3rd Wave Breakout, Here’s the Timeline

In the past 24 hours, XRP’s price movement has seen a pullback toward the $2.28 support area that recently emerged. Despite this minor retracement, XRP’s broader price structure remains robust, especially when viewed on longer-term charts. In particular, the six-month timeframe paints an encouraging picture, with technical signals pointing toward the potential start of a major surge that could propel XRP as high as $74. XRP Maintains Momentum Over Long-Term Resistance This optimistic scenario comes from a detailed long-term Elliott Wave and Fibonacci extension analysis shared by popular crypto strategist Dark Defender. According to the latest chart posted by the analyst on X, XRP is extending its climb beyond a major downtrend resistance that has suppressed its price since early 2018. 6 Monthly Time Frame Update on #XRP : You can find the updated 6M chart below. XRP has broken the 6M Resistance, 1 day later than our previous 6-monthly update. The Resistances: $5.85, $18.22 within the 3rd Wave. Targets: $66.96, $77.70 Supports: $2.2222, $1.8815 (Not Financial… pic.twitter.com/AuKjVfW4PT — Dark Defender (@DefendDark) May 26, 2025 Known as the Ultimate Resistance , this level was tested repeatedly over the years, yet it wasn’t until a powerful bullish six-month candle in late 2024 that XRP successfully broke above it. This breakout, Dark Defender explains, marks the beginning of a significant Elliott Wave 3 rally. The Start of Elliott Wave 3: A Powerful Upsurge Dark Defender’s analysis suggests that XRP completed Waves (1) and (2) between 2022 and mid-2024, paving the way for the critical and highly energetic Wave (3) — a phase typically known for its aggressive price acceleration in Elliott Wave theory. Based on Fibonacci extension metrics, particularly the 361.80% level calculated from the earlier wave structure, Wave (3) has the potential to drive XRP’s price toward an estimated $18.22. Once this phase concludes, a corrective Wave (4) is likely to emerge, introducing a temporary pause before the grand finale — the fifth and final impulsive wave. Bigger Picture: XRP’s Explosive Future Potential Looking even further ahead, Dark Defender envisions an extraordinary price trajectory for XRP. According to the forecast, Wave (5) could propel the coin into the $66.96 to $77.70 range , using the 476% Fibonacci extension as a guiding target. The anticipated timeline for this entire five-wave pattern extends into 2027 or 2028, suggesting that XRP’s current cycle may still be in its early stages. Should the market adhere to this projected path, XRP could be entering its most dramatic and historic growth phase to date, with gains exceeding 3,100% from current levels. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Short-Term Levels To Watch While the long-term picture looks promising, it’s important to recognize that these bullish waves will not unfold in a straight line. As with any extended Elliott Wave pattern, several smaller sub-waves and corrections are expected along the way. Dark Defender emphasizes that the current bullish trend hinges on maintaining key support levels — specifically, $2.2222 and $1.8815. Should these levels hold, the momentum for higher targets remains intact. As of report time, XRP is trading at $2.30, marking a modest 2% decline over the past day. XRP’s technical outlook, shaped by the multi-year breakout and supported by Elliott Wave and Fibonacci projections, points toward a multi-year rally that could redefine its place in the crypto market. If Dark Defender’s roadmap holds, XRP enthusiasts may witness a historic price surge, potentially culminating in prices as high as $74 within the next few years. For investors and traders alike, the coming months could prove to be a pivotal chapter in XRP’s journey — one that promises excitement, volatility, and potentially record-breaking gains. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Price Could Rally 3,130% With 3rd Wave Breakout, Here’s the Timeline appeared first on Times Tabloid .

28 May 2025, 15:45

Norway-based K33 secures 60 million SEK for its Bitcoin treasury

Norway-based K33 firm has raised $5.6 million from insiders to acquire Bitcoin. Norwegian digital asset company K33 became the latest firm to join the Bitcoin (BTC) train. On Wednesday, May 28, the company announced it secured 60 million Swedish krona, worth about $5.6 million, for its Bitcoin treasury. To fund the acquisition, the Oslo-headquartered company, which is listed on Nasdaq First North in Stockholm, issued 150.56 million new shares worth 15 million SEK. K33 also issued 301.12 million free warrants valued at 45 million SEK. According to the company, the capital comes from insiders and aligned investors, including Klein Group and Modiola AS. Free warrants are zero-interest instruments that investors can later convert into equity at the same price. If converted before March 2026, investors are entitled to additional free warrants at the same conversion rate. If fully exercised, the warrants would allow K33 to raise an additional 75 million SEK, approximately $7.1 million. You might also like: Bitcoin price prediction: Bulls eye $114k if current support holds Why is K33 buying Bitcoin? K33 CEO Torbjørn Bull Jenssen said the move aligns with the company’s broader strategic vision and underscores its commitment to Bitcoin as both a financial asset and institutional offering. “We strongly believe that Bitcoin will become an instrumental part of the global financial system. I am excited to now start the process of building a strong balance sheet backed by Bitcoin, not only as a strong conviction investment but, more importantly, as a strategic enabler for K33 as a leading cryptocurrency broker,” Torbjørn Bull Jenssen, K33. You might also like: Bitcoin faces key support test at $108k amid $211m in liquidations: analysts K33 is a digital asset investment and brokerage firm that serves institutional clients across Europe. Its offerings include trading and brokerage services, crypto custody, and industry research. The firm is just one of many companies that recently started investing in Bitcoin. On the same day of K33’s announcement, Japanese company Metaplanet issued $50 million in bonds to expand its Bitcoin balance sheet. Read more: Bitcoin bottleneck: Demand outmints supply, who’s to blame?

28 May 2025, 15:16

Ripple CEO Ruthlessly Trolled by VanEck's Head of Crypto Research

Ripple's latest attempt to forge unity within sphere has fallen flat

28 May 2025, 15:05

Bitcoin sags below $108K as rate-cut bets evaporate before Fed minutes

Key points: Markets increasingly see fewer Fed rate cuts this year, with the first only coming in September. Despite potential labor market weakness to come, crypto and risk assets lack an overall bullish catalyst, analysis says. BTC/USD continues to drop toward new multiday lows. Bitcoin ( BTC ) sold off at the May 28 Wall Street open as markets continued to price out US interest rate cuts. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price retreats with Fed rate cut bets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping below $108,000 to challenge multiday lows. Ahead of the minutes of the Federal Reserve’s May meeting , the mood among risk assets was cautious. CME Group’s FedWatch Tool showed decreasing odds of a rate cut — a key tailwind for crypto, stocks and more — before September. Fed target rate probabilities for September FOMC meeting. Source: CME Group Informal sentiment likewise continued to deteriorate on the day, with prediction service Kalshi seeing just two cuts in 2025, down from four in early April. 📊 UPDATE: Markets now pricing in just 2 Fed rate cuts in 2025, down from 4 earlier this year, as uncertainty builds ahead of today’s Fed minutes. pic.twitter.com/vAYLJGJjwF — Cointelegraph (@Cointelegraph) May 28, 2025 In its latest analysis, trading resource The Kobeissi Letter nonetheless revealed a potential silver lining. Consumer sentiment over the labor market, it reported, was flashing classic signs of a forthcoming unemployment spike — something which could force the Fed to bring rate cuts forward. “The assessment of current job availability has also decreased over the last 3 years. In previous economic cycles, this metric has been a leading indicator for unemployment,” it told X followers. “This indicator clearly suggests a further increase in the unemployment rate in the coming months. The labor market continues to show signs of weakness.” Consumer labor market sentiment data. Source: The Kobeissi Letter/X Risk assets lack volatility trigger BTC price action meanwhile cut through bid liquidity on its way down, something which popular trader TheKingfisher previously warned could form a “trigger” for further losses if broken. Related: Bitcoin whales keep buying as BTC price dip targets include $94K “However, the more striking feature is the massive wall of short liquidations immediately above, starting from $108900 and extending significantly upwards, particularly around $109000-$109200+,” he acknowledged . “This creates a substantial imbalance biased towards short liquidations.” BTC liquidation heatmap. Source: CoinGlass With BTC/USD rangebound since its $112,000 all-time highs , macro analysis from trading firm QCP Capital ultimately suggested little chance of a price breakout without a suitable catalyst. “Volatility across most asset classes continues to drift lower, as markets enter a lull amid a dearth of meaningful news flow and macroeconomic data,” it wrote in its latest bulletin to Telegram channel subscribers on the day. “The news cycle remains relentless, yet markets appear increasingly inured to negative developments, brushing off headlines that might once have sparked more significant reactions.” VIX S&P 500 volatility 1-day chart. Source: Cointelegraph/TradingView This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.