Flames – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 27 Jun 2025 05:06:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Flames – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 AI-Focused Layer-1 Blockchain Altcoin SAHARA Flames Out Following New Binance Listing https://earlybirdsinvest.com/ai-focused-layer-1-blockchain-altcoin-sahara-flames-out-following-new-binance-listing/ https://earlybirdsinvest.com/ai-focused-layer-1-blockchain-altcoin-sahara-flames-out-following-new-binance-listing/#respond Fri, 27 Jun 2025 05:06:19 +0000 https://earlybirdsinvest.com/ai-focused-layer-1-blockchain-altcoin-sahara-flames-out-following-new-binance-listing/

An artificial intelligence (AI)-based altcoin is faltering after gaining support from the world’s largest crypto exchange platform by trading volume.

In a new announcement, Binance says that it is adding support for Sahara AI (SAHARA), a decentralized AI platform that enables users to develop and monetize AI models, datasets and applications.

“Binance is excited to announce that Sahara AI will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, Binance Margin, and Binance Futures.”

News of the addition had a negative impact on the price of SAHARA, as the digital asset went from a peak of $0.141 earlier today to its current price of $0.096, a dip of over 32% in just a few hours.

Earlier this week, SAHARA was also added to Binance Earn, a program that allows traders to generate passive income by staking crypto.

In its official litepaper, the development team behind Sahara AI says its purpose is to address the common issues found in centralized AI platforms.

“Centralized AI platforms come with significant limitations and risks, including concerns for privacy, deepening economic disparities, and restricted access to resources.

This creates significant barriers that hinder widespread innovation, limit participation in AI development from diverse backgrounds, and restrict access to AI technologies across different communities. Sahara AI addresses these challenges by decentralizing AI ownership and enabling broader participation in its development.”

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]]> https://earlybirdsinvest.com/ai-focused-layer-1-blockchain-altcoin-sahara-flames-out-following-new-binance-listing/feed/ 0 44366 Crypto Markets See Red as Trump-Musk Bromance Ends in Flames   https://earlybirdsinvest.com/crypto-markets-see-red-as-trump-musk-bromance-ends-in-flames/ https://earlybirdsinvest.com/crypto-markets-see-red-as-trump-musk-bromance-ends-in-flames/#respond Fri, 06 Jun 2025 06:59:36 +0000 https://earlybirdsinvest.com/crypto-markets-see-red-as-trump-musk-bromance-ends-in-flames/

Total crypto market capitalization declined by around $170 billion in a fall to $3.26 trillion on June 5, its lowest level since May 8, almost a month ago.

Markets are now poised for a further fall below longer-term levels if current support levels break down. However, the decline slowed during early trading in Asia on Friday morning, with a minor recovery to $3.3 trillion.

Donald vs Elon

The sharp decline appears to have been driven by a spat between US President Donald Trump and tech billionaire Elon Musk, who said the former’s tariffs “will cause a recession in the second half of this year,” and “Congress is spending America into bankruptcy!” on June 5.

As the war of words on each of their respective social media networks escalated, and the bromance collapsed, Musk also said:

“In light of the President’s statement about the cancellation of my government contracts, SpaceX will begin decommissioning its Dragon spacecraft immediately.”

For more than a week, Elon Musk has been trashing Trump’s signature piece of legislation, a spending bill called One Big Beautiful Bill.

“I don’t mind Elon turning against me, but he should have done so months ago. This is one of the Greatest Bills ever presented to Congress,” said Trump on Truth Social.

However, the clearly riled billionaire Tesla CEO didn’t stop there, stating on X that it was “time to drop the really big bomb: Donald Trump is in the Epstein files.”

“That is the real reason they have not been made public. Have a nice day, DJT!”

The pair started to cool off late on Thursday with Musk’s admissions that it may be time to reconcile.

$1B in Liquidations

There has been almost $1 billion in crypto liquidations over the last 24 hours, according to Coinglass. Around 228,000 traders were wrecked, almost 90% of them in BTC long positions, and the total liquidations were around $988 million, it noted.

However, analysts had predicted that a leverage flushout was overdue, with open interest on Bitcoin futures markets hitting all-time highs recently.

Bitcoin lost almost $5,000 in a matter of hours, falling to a 4-week low just below $101,000 in late trading on Thursday. However, it found support there and recovered marginally to reach $102,800 during Asian trading on Friday.

Analyst “CrypNuevo” said that a quick bounce from this level was unlikely and more consolidation could occur, unless the sell-off accelerates.

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