🚨 Today’s Top Crypto Buzz: The Hottest Headlines Shaking the Blockchain World

📰 News

🤖 Coinbase Partners With $14B AI Giant Perplexity To Boost Crypto Trading

Coinbase Taps Perplexity AI For Trading Utility On Exchange

In an X post, the exchange’s CEO, Brian Armstrong, announced that they have partnered with Perplexity AI to help traders get access to real-time, trusted crypto data and information for better decision making. He further revealed that the first stage is going live today and that there is more to come.

For Phase One, Perplexity AI will assimilate Coinbase’s market data, including COIN50, and utilize it to power market analysis. Users on the top crypto exchange can try it out by double-clicking on price moves to help make better informed trade decisions.

For Phase 2, which should happen soon, Armstrong revealed that the exchange’s market data will be used in Perplexity’s response to user queries. Traders on the exchange will be able to monitor market activity, screen for trade ideas, and analyze token-specific moves.

The Coinbase CEO further remarked that he expects crypto functionality to be a catalyst for AI to achieve another 10x unlock. He added that he is personally most excited to see crypto wallets fully integrated into LLMs one day.

Armstrong believes this will be a huge step towards a “permissionless. digital economy.” He again noted that access to real-time data through these increasingly intelligent LLMs will help many users make smart, informed decisions about crypto.

Amid this development, the COIN stock is trading flat, down almost 1% in today’s trading session. TradingView data shows that the Coinbase stock price is currently trading at around $371, up over 44% in the last month.

🌐 DeFi Dev Corp Becomes Largest Public Solana Holder With Latest SOL Purchase

DeFi Dev Corp’s SOL Holdings Reach $133 Million

According to a press release, DeFi Dev Corp has purchased 153,225 SOL for $23.7 million, furthering its operations as a Solana treasury company. Per the statement, the latest haul increases its holdings to 846,630 SOL, cementing its place as the largest Solana treasury company.

DeFi Dev Corp disclosed that its last SOL purchase was funded partly by a convertible note offering, netting the company $9.6 million. The Solana treasury company adds that the purchase brings it across the halfway line toward hitting its first executive bonus target of 0.085 SOL.

At the moment, the total value of the company’s SOL holdings has exceeded $133 million. Fresh off the announcement, DeFi Dev Corp stock (DFDV) is down by over 1% at the start of the trading day.

“We’re stacking $SOL like it’s our job. Because it is,” read an X announcement. “This latest purchase makes $DFDV the largest public holder of SOL.”

Early in the week, the company acquired 47,272 SOL after raising $112 million to fund its acquisition spree.

📊 Markets

🟠 Bitcoin Price Prediction As BTC Dominance Approaches 2020 Resistance

BTC Dominance Approaches Historical Resistance

A lot of interest is going towards Bitcoin as most traders become profitable following the recent formation of an all-time high price. As CoinGape reported, the ongoing BTC rally comes as the market looks forward to interest rate cuts in 2025 and the upcoming debate on the CLARITY Act that will pave the way for more friendly crypto regulations in the US.

Due to this surge, the market cap of BTC has surged to $2.21 trillion at press time per CoinMarketCap data, and this has seen its dominance in the crypto market also increase significantly. At press time, this dominance was at 65.38%, which was sitting at a strong resistance level.

The last time that the dominance crossed this level due to an increase in Bitcoin price was in December 2020. Once it rose above this resistance, the metric skyrocketed to 73% in less than two weeks.

🎯 Binance Coin Price Targets $800 as BNB Chain Burns 1.5M Tokens From Supply

BNB Price Hits 1-Month High as Bulls Target $800

The ongoing gains by the BNB token are not unique, considering that the broader crypto market is rallying today due to optimism that the Fed is going to cut interest rates. The recent gain has confirmed a rising triangle pattern that has been forming on the daily chart, indicating the possibility of a bullish continuation happening.

The height of this ascending triangle, calculated from the lowest point to the highest point, marks the target level of the BNB price if it can overcome the resistance level at $686. At press time, BNB was only 2% shy of this target price, and if the broader crypto market momentum remains bullish, it might soon close above it.

Going by this pattern, the next target that the BNB token could hit as long as the buying pressure remains high is $806. At this point, this top altcoin will have created a new all-time high price.

The rising RSI is supporting this Binance Coin price forecast, considering its value of 60 after creating a series of higher highs that indicate there is a bullish momentum in play.

The invalidation thesis for this technical setup will happen if the price drops below the lower trendline of the rising triangle channel, because doing so will confirm that selling pressure is about to increase, and BNB might fall to $643.