Investors shift focus to Remittix, a new DeFi project raising millions in presale with hopes of changing global transfers.

Recent reports reveal that those who have invested in top altcoins, especially Solana, have turned towards new DeFi projects like Remittix (RTX). In their optimism about this debut crypto platform, these investors predict that it will perform impressively in the industry by potentially changing global transfers.

Interestingly, Remittix is already gaining traction, especially in its token presale, which has raised millions from investors. Keep reading and find out why Remittix is poised to meet expectations.

Solana stumbles after record high

Recently, Solana saw a significant surge with the altcoin price reaching a peak of $294.33 on January 19. However, it has since fallen by 14% from that level as it is currently trading at $251. Current analysis indicates that Solana may face more challenges ahead.

Notably, Solana’s network saw transaction fees surge to $1.4 million in 10 minutes after the TRUMP token launch, but transactions plummeted from 450,000 to 150,000. This decline indicates reduced activity and interest, contributing to the altcoin price decline from its all-time high. 

Total Value Locked (TVL) in Solana liquidity pools also dropped substantially from $12.191 billion to $10.964 billion on January 19th because investors began to lose faith in the token. 

As the TVL continues to decline, further drops in price are likely. 

Analysts suggest that if SOL falls to a support zone between $222.80 and $210.10, it might bounce back from its recent decline. However, if negative sentiment grows and the support fails, SOL could drop even lower.

Remittix: The next-gen remittance token

Looking at the much support Remittix has gained from holders of top altcoins like Solana over the weeks, it is indeed not any regular cryptocurrency. In fact, some believe it embodies a forward-thinking approach to global transfers that prioritizes user experience, transparency and accessibility. 

The core of this platform’s features is the RTX token which benefits both growth and practical use. The project design features a permanent 1.5 billion token limit to create scarcity that benefits users when others join the platform. When users own RTX they directly participate in the platform’s development process and management decisions as stakeholders.

Remittix stands out for its commitment to transparency. Traditional cross-border payment systems often hide true transaction costs behind opaque fees and inflated conversion rates. Remittix tackles this issue head-on, making sure that users are fully aware of what they are paying. This clarity builds trust and allows users to feel confident in their transactions.

The platform also excels by integrating cryptocurrencies with conventional banking systems, creating a quick, secure, and cost-effective method for international money transfers. Users can convert over forty different cryptocurrencies into fiat currency and send it directly to bank accounts around the globe. This capability not only simplifies the remittance process but also opens doors for those who may have felt excluded from the traditional financial system.

Excitingly, RTX is currently priced at just $0.0272 and the demand is now more noticeable than ever. With over 250 million tokens already sold, Remittix has raised more than $5.2 million in its presale. Analysts are buzzing about its potential, projecting an impressive 50x increase  in the altcoin price, possibly before the year runs out. As Remittix solidifies its position in the financial landscape with its unique blockchain-powered payment solutions, early investors are poised to reap significant rewards.

To learn more about Remittix, visit the Remittix presale and join the Remittix community.

Mukesh Ambani’s Reliance is planning to build what could become the world’s largest data center in Jamnagar, India, with a capacity of three gigawatts to capitalize on surging AI demand.

The facility would dwarf the current largest data center, Microsoft’s 600-megawatt site in Virginia, Bloomberg reported Friday. The project could cost between $20 billion to $30 billion, the report added.

Ambani raised more than $25 billion in 2020 from a group of investors including Meta, Google, Silver Lake, General Atlantic, KKR, Mubadala and PIF to fund the growth of Reliance’s retail and telecom ventures that now dominate the country. Reliance is India’s most valuable company.

Ambani aims to power the facility primarily with renewable energy from an adjacent green energy complex that will produce solar, wind and hydrogen power.

Ambani is buying chips from Nvidia for the data center, the report added. Nvidia and Reliance announced a partnership to build infrastructure for AI applications in India in October.

The Jamnagar project comes as OpenAI, SoftBank and Oracle this week pledged up to $500 billion for AI infrastructure in the United States through their Stargate Project.

Bitcoin (BTC) surged past $106,000 on Thursday morning in the U.S. on reports that U.S. President Donald Trump will talk later today with Nayib Bukele, president of bitcoin-friendly nation state El Salvador.

Bitcoin advanced more than 3% to session highs in the minutes after the report, erasing early morning losses. It was up 2.2% over the past 24 hours.

Earlier this morning, prices started to climb as U.S. Senator Cynthia Lummis posted on social media to “stay tuned for 10:00 a.m.” Eastern Time, only to gave back most of the gains after reports that the Senate Banking Committee would vote to confirm Lummis as chair of the panel’s new digital assets subcommittee.

Fueling the gains was speculation that bitcoin and crypto regulation might be among the talking points between the two leaders. El Salvador has become as a nascent crypto hub under Bukele’s leadership. It was the first nation state to adopt BTC as legal tender in 2021 and accumulated over 6,000 BTC worth $622 million as a strategic reserve.

Trump said last year on the campaign trail that, if elected, he aims to position the U.S. as a global leader in the digital asset space. He also made several crypto-specific promises including creating a national stockpile, or strategic reserve, of bitcoin.

He’ll speak to Bukele at 3:30 p.m. ET.

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Stargate, a high-profile artificial intelligence infrastructure project trumpeted by Donald Trump this week, will exclusively serve ChatGPT maker OpenAI, according to people familiar with the matter.

The venture planned to spend $100bn on Big Tech infrastructure projects, with the figure rising to as much as $500bn over the next four years, OpenAI and SoftBank, Stargate’s two main backers, said on Tuesday. Oracle and Abu Dhabi state AI fund MGX are also founding partners.

Trump lauded the SoftBank-backed initiative on Tuesday at a White House event attended by OpenAI chief Sam Altman and other tech executives as “a resounding declaration of confidence in America’s potential under a new president.”

Despite the flashy announcement, Stargate has not yet secured the funding it requires, will receive no government financing and will only serve OpenAI once completed, the people familiar with the initiative have said.

“The intent is not to become a data centre provider for the world, it’s for OpenAI,” said one of the people.

Another person close to the project said it was far from a fully developed plan: “They haven’t figured out the structure, they haven’t figured out the financing, they don’t have the money committed.”

SoftBank and OpenAI intend to put forward more than $15bn each for the project. The companies hope to raise a combination of equity from their existing backers and debt, which will be used to fund Stargate. Tokyo-based SoftBank will also inject existing funds into Stargate, according to one of the people.

OpenAI and SoftBank declined to comment.

Altman has spent well over a year working on boosting OpenAI’s access to data and computing power, a bottleneck he argues must be overcome if the company is to achieve its goal of creating AI capable of surpassing humans across most cognitive skills, supplanting them in the workforce and pushing the boundaries of scientific research.

That has meant looking beyond OpenAI’s exclusive relationship with Microsoft. The group, which has invested $13bn into OpenAI and is entitled to almost half the profits from the start-up’s for-profit subsidiary, is providing technological support to Stargate, but not capital.

Microsoft launched its own $30bn AI infrastructure fund with fund manager BlackRock in September last year, and on Wednesday chief executive Satya Nadella said his company would spend $80bn on infrastructure this year, separate from Stargate.

Altman had been speaking to SoftBank chair Masayoshi Son for as long as two years about AI projects, including a new AI device, according to people familiar with the discussions.

SoftBank also invested in OpenAI during a $6.6bn fundraising round in October, which valued the start-up at $157bn, and the Financial Times reported the Japanese group planned to purchase an additional $1.5bn of stock in the company in November. Son and Altman began having detailed talks on Stargate in the months before this week’s announcement, according to two people with direct knowledge of the matter.

While Altman’s infrastructure plans had been in the works for well over a year, “the idea of announcing it at the White House was not in the works for [as long]”, according to one person with knowledge of the project.

“There’s a real intent to do this, but the details haven’t been fleshed out,” said another person involved in the project. “People want to do splashy things in the first week of Trump being in office.”

Stargate is incorporated in Delaware, with OpenAI, SoftBank, Oracle and MGX each taking stakes in the company. The group will appoint an independent chief executive and board, according to people with knowledge of the plans.

The company would be split into an operational unit, tasked with building and running the data centres and headed by OpenAI, and a unit responsible for raising capital, run by SoftBank, a person familiar with the project said.

Work is already under way on a first facility in Abilene, Texas.

Data centre start-up Crusoe has been building that facility for Oracle since June 2023. Crusoe secured $3.4bn in financing from Blue Owl in October to help fund its development. Oracle is expected to buy about $7bn worth of chips to power the Texas site and will provide that computing power to Microsoft, which will use it to power OpenAI.

Additional reporting by David Keohane in Tokyo and Stephen Morris in Davos

Good morning! Let’s play Connections, the NYT’s clever word game that challenges you to group answers in various categories. It can be tough, so read on if you need clues.

What should you do once you’ve finished? Why, play some more word games of course. I’ve also got daily Strands hints and answers and Quordle hints and answers articles if you need help for those too, while Marc’s Wordle today page covers the original viral word game.

XYZVerse and HBAR target massive breakouts as Solana nears the $300 milestone.

Excitement builds as Solana (SOL) moves closer to a significant price achievement of $300. Simultaneously, tokens like XYZVerse (XYZ) and Hedera (HBAR) are poised for potential massive gains, with forecasts suggesting 50-fold increases. This potential surge hints at major shifts in the crypto landscape.

XYZ eyes 66% price surge

XYZ looks to redefine the meme coin game as the first-ever sports-focused token, blending the global appeal of sports with the viral momentum of meme coins. As the MVP of the XYZVerse ecosystem, it’s designed for crypto enthusiasts who live for the thrill of competition and massive gains.

In 2024, meme coins dominated the crypto landscape, with market capitalization soaring 500% within a year. XYZ is poised to take the crown as the G.O.A.T. of meme coins, aiming for an incredible 4,900% surge by the end of its presale.

• Initial price: $0.0001
• Current stage (10th): $0.002
• Upcoming stage (11th): $0.0025 (+25%)
• Final target: $0.1

Early investors who joined at the first stage enjoyed a massive 99% discount, and with the presale nearing its final stages, the opportunity to capitalize on these gains is slipping.

XYZ is setting itself apart with upcoming listings on major centralized (CEX) and decentralized exchanges (DEX), robust security through audited smart contracts, and a seasoned, fully vetted team. This first-mover advantage positions XYZ as a powerhouse in the meme coin market, ready to deliver massive returns for early adopters.

Interested investors can join the XYZ presale.

Solana

Unlike some of its competitors like Ethereum and Cardano, Solana is designed to handle a high number of transactions quickly. This makes it an attractive platform for developers building decentralized applications (dapps). Its flexible architecture allows coding in multiple programming languages, making it accessible to a broad range of developers.

At the heart of Solana’s network is the SOL coin. This cryptocurrency powers transactions, runs custom programs, and rewards those who support the network. In today’s market, where the need for fast and scalable blockchain solutions is growing, SOL’s technology and potential make it a coin worth watching.

Hedera

Hedera uses a method called hashgraph. This allows for faster and cheaper transactions without the need for energy-intensive mining. Because of this, Hedera is more friendly to the environment. 

Its native currency, HBAR, is used to pay for transactions and secure the network. HBAR is catching more eyes. Big industry players back Hedera, which adds trust and potential for real-world use. While its patented technology might limit community involvement compared to open-source projects, its advantages in speed and efficiency stand out. 

As the market trends toward greener and more efficient solutions, HBAR looks attractive. It offers what many are seeking: sustainability, lower costs, and high performance. Compared to older coins that struggle with speed and energy use, HBAR could be a strong contender in the current market.

Conclusion

With SOL and HBAR aiming for big gains, XYZVerse’s unique sports-meme platform could see even greater growth during this bull market.

For more information on XYZVerse, visit their website, Telegram, or X.

On-chain data has unveiled an impressive surge in the Shiba Inu burn rate, skyrocketing by more than 600% in just one day. This sharp rise in token burns indicates a growing interest in decreasing the overall supply of SHIB. Moreover, it has raised the possibility that the SHIB price could follow suit, as increased token burn often influences a cryptocurrency’s price movements. 

Shiba Inu Burn Rate Skyrockets Over 600%

Shibburn, the official Shiba Inu token burn tracker, has just reported a dramatic increase in burn rate, with over 3.24 million SHIB tokens permanently removed from circulation. The tracking platform revealed that the SHIB token burn rate shot up by approximately 612.78% in less than 24 hours. This spike represents one of the most significant one-day increases in recent weeks.

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Typically, a surge in a token’s burn rate is largely attributed to community-led initiatives focused on reducing the cryptocurrency’s supply and potentially inducing scarcity. Considering the large size and strong dedication of the Shiba Inu community, it’s not uncommon to see occasional spikes in burn rates. The community has been a strong advocate for token burns, believing that a supply reduction could trigger a price surge for SHIB. 

Despite the latest burn and substantial decrease in SHIB’s circulating supply, the meme coin’s price has yet to demonstrate any significant upward movement. In fact, Shiba Inu appears to be on a downtrend, as CoinMarketCap reports a 1.6% decline in the last 24 hours and a previous 9.3% drop over the past week. 

Currently, the price of SHIB is trading at $0.00002, experiencing no recent increases, while its 24-hour trading volume has crashed by 46.33%. Nevertheless, this lack of immediate price action and present bearish conditions does not rule out the potential for a future rally in Shiba Inu. 

Supporting this possibility of a bull trend driven by heightened token burns, crypto analyst Rananjay Singh commented on the recent 612% spike in the Shiba Inu burn rate on X (formerly Twitter). Singh explained that when a cryptocurrency’s supply declines and demand stays strong, prices tend to increase significantly.

Related Reading

The analyst suggests that increased token burns, upcoming updates in the Shiba Inu ecosystem, and the growing excitement among community members could potentially trigger substantial gains for the meme coin in 2025. 

What’s Next For The SHIB Price?

‘Shib Spain,’ a popular SHIB supporter on X, has predicted that a massive pump could be on the horizon for the meme coin. The analyst connects Ethereum’s price action with Shiba Inu’s, sharing a detailed chart that showed instances when ETH experienced a price reversal and underwent a significant rally.

Although the meme coin was not indicated on the chart, the analyst’s mention likely ties his projected SHIB price pump to an increase in ETH. This suggests that if Ethereum experiences a price surge, altcoins like Shiba Inu could follow suit, potentially sparking a significant uptrend.

Featured image from Unsplash, chart from Tradingview.com