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Despite the potential of the move, Microsoft is set to be greatly impacted by its OpenAI investment. Indeed, the company’s CFO, Amy Hood, recently said that the investment will have an impact on its earnings for this quarter. Although the move will be beneficial in the long run, the cost will undoubtedly cut into profits. According to Hood, the company will report nearly $1.5 billion in expenses. That will be in large part because of the loss that the company is predicting to take on its investment into the ChatGPT developer. To this point, the company has put nearly $14 billion into the company, with its most recent investment coming as recently as October. Source: NBC News Also Read: IBM: Will It Be Worth More Than Microsoft (MSFT) By 2035? Microsoft’s OpenAI Plan is Costing MSFT Big This Quarter The AI shift in the information technology sector has been massive in 2024. Indeed, it has undoubtedly impacted Wall Street. Demand has driven the stock market’s reaction, d...

Ethereum (ETH) has been criticized by the cryptocurrency community for underperforming in the current cycle compared to competitors such as Bitcoin (BTC) and Solana (SOL).  However, an artificial intelligence (AI) tool forecasts that the second-ranked digital asset by market capitalization will end the year on a bullish note. Currently, the decentralized finance (DeFi) asset is attempting to reclaim the $2,631 support zone. As of press time, ETH was trading at $2,634, dropping over 1% in the past 24 hours. On the weekly timeframe, the asset is up 4.3%. Picks for you Here's why this analyst is 'feeling super bullish' on altcoins 15 hours ago Buy signal for two strong cryptocurrencies this week ...

Bitcoin and Ethereum are on the brink of a potential bull run, fueled by growing institutional investment, advancements in blockchain technology, and positive global economic conditions. As the crypto market demonstrates renewed strength, investors and analysts are paying close attention to these critical factors. Interest from institutional investors in cryptocurrencies is on the rise. Major financial institutions worldwide are increasing their allocations to crypto, underscoring their belief in its long-term value. Furthermore, the involvement of significant financial entities adds a layer of credibility to the cryptocurrency market, attracting even more investors to participate. In light of this, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar . 6 Best Cheap Cryptos to Buy Now Under 1 Dollar  Mog Coin (MOG) has recently gained significant momentum, surpassing the expectations of many traders as its upward trend conti...

The Sui price surged 10% in the last 24 hours to trade at $2.08 as of 00:31 a.m. EST on trading volume that rose 36% to $1.7 billion. Sui Price Gearing Up Towards A Sustained Bullish Rally According to data from GeckoTerminal , the Sui price movements since March have formed a cup-and-handle pattern, with the bulls finding enough support around the $0.63 level. Meanwhile, the price of Sui has crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), which is an affirmation of the bullish stance. Additionally, on the 4-hour chart Analysis , the Relative Strength Index (RSI) is rebounding to currently trade above the 50-midline level, showing that the asset may be picking up some bullish pressure. If the SUI price bulls capitalize on the cup and handle pattern and the SMAs, the price of Sui could continue soaring. Moreover, the 50-SMA is crossing above the 200-day SMA, which forms a golden cross around $1.12. In this scenario, the Sui price could keep rising, as they...

Pepe Unchained ($PEPU) is closing out “Uptober” with a bang, stuffing its presale bag with an eye-popping $23 million. With its new Ethereum Layer 2 chain in development and ongoing developer grant applications, the biggest token presale of 2024 is gaining unstoppable momentum, raising the stakes in the race for ultimate Pepe domination.  As Bitcoin ($BTC) broke the $70,000 ceiling on Tuesday, November is once again poised to self-fulfill as the best month for crypto gains. If the market’s appetite for risk continues, Pepe Unchained could attract another $1 million in funding before the month ends, as profits from October’s strong performance are invested in promising new projects. Investors can seize the opportunity to purchase $PEPU at $0.01189 before it jumps to $0.0119 in less than 41 hours to mark a new round of funding. Trump Lead In WSJ Poll Could Boost BTC And Pepe Unchained On Monday, a Wall Street Jou...

Aave is trading at approximately $150 on the AAVEUSD pair, with technical indicators pointing toward consolidation and potential gains. The Bollinger Bands show a moderate squeeze, with the upper band at around $164.98 and the lower band at $136.96. This narrowing band suggests possible volatility ahead. AAVE Key Statistics Current Price : $150 Market Cap : $2.24 billion 24h Trading Volume : $167 million Circulating Supply : 14.96 million AAVE Total Supply : 16 Million AAVE CoinMarketCap Ranking : #38 As a decentralized finance pioneer, Aave offers unique services like flash loans and interest-bearing assets, attracting significant user activity. With its governance model empowering token holders, Aave continues to foster community-driven growth. This aligns with the broader trend of DeFi expansion, positioning Aave as a resilient choice in an evolving market. AAVE/USD Market Analysis Key Levels Resistance : $155, $165, $179 Support : $147, $136, $120 AAVEUSD ...

As Bitcoin (BTC) is trading higher than it has been in many months amidst the ‘Uptober’ hype, daring investors continue finding the biggest fortunes investing in meme coins, whether they be new, strange, or silly. The latest impressive maneuver was executed by a cryptocurrency trader who spent 20 Solana (SOL) – worth approximately $3,500 – on October 25 to purchase more than 47 million ai16z. By October 27, the investment was worth $3.2 million. The timing of the ai16z investment and value of the portfolio near the $3.2 million highs. Source: Lookonchain Still, in a turn not too uncommon in the meme coin and altcoin sphere, the investment collapsed some $1.3 million in value in less than 24 hours – by October 28 – as the market capitalization of ai16z fell from a high near $100 million to its press time value of $44 million. Picks for you ...

The cryptocurrency volatility hit the market again this last week with notable “ups” and “downs” while traders built their positions. In particular, some millionaire investors have accumulated millions of dollars worth of Solana (SOL), with their activities observed onchain. Three whale addresses stood out with their purchases, followed by staking the tokens to earn passive income, as Lookonchain posted. By purchasing, withdrawing to self-custody, and staking the SOL, these millionaire investors have shown intention to hold mid to long-term positions. This is a notably different behavior than the one recently observed as predominant, which eyes short-term, highly speculative gains. Many millionaire Solana addresses were using SOL to buy and bet on memecoins, mostly made of rug pulls, according to signals Finbold highlighted. Picks for you ...

Ripple partnerships took a major step forward today. The company signed deals with Garanti BBVA Kripto, Turkey’s second-largest private bank, and IBM. XRP currently trades at $0.527. The international expansion deal sparked price movement talks toward $3.00. New Customer Alert @garantibbvakrp is leveraging Ripple Custody and @IBM to bring the highest security and performance to its growing crypto trading platform. Learn how secure custody is key to unlocking value in the digital economy: https://t.co/5g1Qt0HKuB — Ripple (@Ripple) October 23, 2024 Markets reacted fast to the Ripple partnerships, with trading volumes jumping on major exchanges. Early signs suggest strong institutional support for these new partnerships. Also Read: US Stocks: Meta May Report New Surge, Targets $627 In The Long Run Exploring Ripple’s Global Expansion and Its Impact on XRP’s Future Strategic Impact on XRP Price This partnership sets a new standard in security and performance for cryp...