Crypto News
Solana futures open interest nears all-time high — Will SOL price follow?
Key points:Solana held the $140 support level for a week, a first in more than two months, highlighting traders’ growing confidence.SOL futures open interest hit $5.75 billion on April 30, showing strong institutional interest.With rising DEX volumes and a $9.5 billion TVL, SOL could rally to $200 before a potential spot ETF approval on Oct. 10.Solana’s native token, SOL (SOL), fell 4% between April 29 and April 30 after failing to sustain the $150 level. Despite this short-term decline, traders seem more confident as the $140 support remained intact for a whole week, an outcome that hadn’t happened in over two months. As demand for leveraged SOL positions reached near record highs on April 30, traders are now reconsidering the chances of a SOL rally above $200.Solana futures aggregate open interest, SOL. Source: CoinGlassSOL futures open interest climbed to 40.5 million SOL on April 30, marking a 5% increase from the previous month and nearing its all-time high. In dollar terms, this represents $5.75 billion in futures positions, ranking third in the cryptocurrency market and over 50% higher than the demand for XRP derivatives. This strong adoption of SOL derivatives points to growing institutional interest.Data shows increased demand for bearish leveraged SOL positionsTraders often believe that increased demand for SOL futures signals rising optimism. However, since longs (buyers) and shorts (sellers) are always matched, a rise in open interest does not necessarily indicate a bullish outlook. To better understand leverage demand in SOL futures, one can look at the funding rate for perpetual contracts.ETH perpetual futures 8-hour funding rate. Source: Laevitas.chCurrently, the funding rate on SOL perpetual futures is negative, which shows more demand for bearish positions. The last period of moderate optimism ended on April 25 after a failed attempt to break above $156. The lack of bullish leveraged positions may be partly due to the 43% price gain SOL saw in the three weeks from April 8 to April 29.A $200 target for SOL may seem ambitious, but the token was trading near $195 in mid-February, even after decentralized application volumes had dropped by 80% from their January peak. While Solana has faced criticism for its heavy reliance on memecoins, there is more to the network than just speculation on new tokens.Total value locked (TVL) on Solana Network, USD. Source: DefiLlamaSolana ranks second in total value locked (TVL), with $9.5 billion in deposits, including liquid staking, collateralized loans, automated yield platforms, and synthetic derivatives. Several Solana decentralized applications are among the top fee earners, with Meteora collecting $19.1 million in seven days, followed by Pump-fun with $18.6 million and Juto with $14.6 million.Solana network dominates volumes on decentralized exchangesSince April 14, Ethereum’s average base layer transaction fee has been $0.65 or less, yet Solana’s decentralized exchanges have seen nearly 90% higher trading volumes. Even when including the entire Ethereum layer-2 ecosystem, Solana led the past week with $21.6 billion in decentralized exchange activity.Decentralized exchange volumes, 7-day market share. Source: DefiLlamaPositive highlights from the Solana network include an 87% weekly increase in Raydium’s volumes and a 58% rise in Meteora activity. So, even if demand for bullish leveraged positions stays flat, SOL’s price could eventually reflect the improved onchain metrics.Related: More than 70 US crypto ETFs await SEC decision this yearFrom a trading perspective, SOL could also benefit from the possible approval of a spot Solana ETF in the United States. Analysts believe the final deadline for the US Securities and Exchange Commission’s decision is Oct. 10, with a 90% chance of approval. Still, SOL might rally above $200 before this event, as the network is well-positioned to attract new retail investors.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Published Date: 2025-05-01 00:30:00Creator: Cointelegraph by Marcel Pechman
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Ethereum bulls show interest as traders’ confidence in ETH’s $1.8K level improves
Key takeaways:Traders remain cautious about ETH’s price action, but optimistic sentiment is beginning to return.The May 7, Ethereum Pectra upgrade could boost investor sentiment, but ETH’s price action shows investors are still hesitant to open new positions.Ether (ETH) has been trading below $1,900 since March, leading investors to question whether the failed attempt to reclaim $4,000 in December 2024 signaled the end of an era for the leading altcoin. Concerns continue to mount as derivatives market data shows that professional traders remain cautious about ETH’s price outlook. ETH monthly futures should trade at a premium of 5% or more compared to spot markets to compensate for the longer settlement period, but this indicator has held below the neutral threshold.Ether 3-month futures annualized premium. Source: Laevitas.chPart of the lack of enthusiasm stems from disappointment with the United States government, as Ether was classified alongside other altcoins in the “Digital Asset Stockpile” Executive Order on March 6. The Trump administration decided that only Bitcoin (BTC) was significant enough to be included in its own “Strategic Reserve.” In practical terms, altcoins already held by the government could be retained, but not newly acquired.Ether's market cap falls below its top four rivals For the first time ever, in April 2025, Ether’s market capitalization dropped below the combined value of its four largest competitors: Solana (SOL), BNB, Cardano (ADA), and Tron (TRX).Ether market cap vs. the sum of SOL, BNB, ADA, TRX. Source: TradingView / CointelegraphAfter rebounding from lows near $1,400, Ether’s total market capitalization now stands at $217 billion, which is enough to surpass the combined value of its four main competitors. However, unless Ether consistently outperforms these rivals, sentiment is unlikely to improve. Some traders have high hopes for the upcoming ‘Pectra’ network upgrade, but current derivatives data does not reflect a bullish outlook.Ether’s decline has also coincided with weak demand for the Ethereum spot exchange-traded fund (ETF) in the United States. Institutional interest was lacking, despite ETH’s price rising from $2,400 to $4,000 between October and December 2024. In contrast, Bitcoin ETFs saw assets more than double, growing from $50 billion in October 2024 to $110 billion currently.Ethereum leads in TVL, but there’s a catchAlthough Ethereum remains dominant in terms of total value locked (TVL), it has struggled to match Solana’s integrated user experience or Tron’s dominance in the stablecoin sector. Traders appear uninterested in Ethereum’s higher decentralization or improved security, especially for activities involving frequent deposits and withdrawals, where layer-2 solutions provide limited benefits.The absence of demand for leveraged bullish ETH positions does not necessarily mean that professional traders expect further price declines. If whales and market makers were unwilling to offer downside protection, this would be reflected in the ETH options markets, signaling increased risk of a market downturn.ETH 30-day options skew (put-call) at Deribit. Source: Laevitas.chContrary to some expectations, put (sell) options are trading at levels similar to call (buy) options. Notably, professional traders are now more comfortable with downside risks than they were two weeks ago. While ETH derivatives are not signaling strong bullish sentiment, they also do not suggest that professional traders are worried about further declines at current price levels.Related: 3 Ethereum charts flash signal last seen in 2017 when ETH price rallied 25,000%There is a chance that the upcoming ‘Pectra’ network upgrade could positively affect Ether’s price. Scheduled for May 7, this event might renew investor interest in the project by closing the gap with some of its competitors. Staking mechanisms designed for institutional investors could result in more ETH being locked in validator nodes, reducing the circulating supply. Historically, Ethereum upgrades have often been associated with brief spikes in ETH’s price.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Published Date: 2025-04-30 23:56:35Creator: Cointelegraph by Marcel Pechman
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‘Huge Shift’ in crypto firms’ compliance mindset, says Elliptic co-founder
The crypto industry has seen a significant shift toward regulatory compliance since its early days, according to James Smith, co-founder of Elliptic, a crypto compliance firm established in 2013.“In the early days, only a few companies approached compliance in a serious way,” Smith told Cointelegraph at the Token2049 event. “Coinbase was our first customer — they knew from the start that they wanted to build their business that way. But for most others, it just wasn’t a major priority.”Elliptic co-founder James Smith at Token2049. Source: CointelegraphThat began to shift as regulators, including those in New York State, took a more active interest in the crypto industry. The involvement of traditional financial institutions like Fidelity and DBS Bank also contributed, as they entered the space with established compliance expectations from traditional finance services.Fidelity, for instance, offered its first crypto service for customers in 2019, while the Asian giant DBS created a digital exchange for accredited and institutional investors in 2020.“We've seen a big change in the last couple of years. Exchanges on the global map all care about compliance now, because they want to be part of a global ecosystem,” Smith said.Related: DeFi security and compliance must be improved to attract institutionsCompliance questions after Bybit hack Crypto exchanges and peer-to-peer protocols remain the industry’s key compliance targets. For authorities, these firms are seen as critical choke points where Anti-Money Laundering and broader financial surveillance controls take effect. At the same time, they’re frequent candidates for sophisticated hacks and laundering operations, as seen in the Lazarus Group’s tactics.The latest example comes from the Bybit hack, where the Lazarus Group engaged in a sophisticated money laundering scheme to funnel funds. The hackers quickly swapped low-liquidity tokens for Ether (ETH), then swapped them for Bitcoin (BTC) using no-KYC (Know Your Customer) decentralized exchanges. “They went through some no KYC exchanges, which probably shouldn't exist, but also through a decentralized protocol where there was lots of liquidity provision that enabled them to get it into Bitcoin,” Smith said, adding that “we’re making it too easy for them as an industry.” Smith also noted that even after firms flagged the funds as stolen, users continued to trade them through decentralized platforms. “Why was there so much liquidity available to help launder this money?” he said, arguing that those providing liquidity to such protocols should be subject to basic checks on the source and destination of funds. “Go and look at who's making money. And that's the first place to start putting some controls.”Magazine: Lazarus Group’s favorite exploit revealed — Crypto hacks analysis
Published Date: 2025-04-30 22:30:00Creator: Cointelegraph by Christopher Tepedino
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'To have freedom of money, you have to have freedom of speech' — CZ
Binance co-founder and former CEO Changpeng “CZ” Zhao took the stage at Token2049 in Dubai, United Arab Emirates (UAE), where he told the audience that his investment in social media platform X was aimed at protecting freedom of speech.The former Binance executive joined a fireside panel with macroeconomic analyst Raoul Pal to discuss the rationale behind his 2022 investment in X and artificial intelligence. Zhao said:"I think freedom of money is important, but to have freedom of money, you have to have freedom of speech. Freedom of speech is kind of the bottom line. If you don't have that, nothing — no other freedom — works." "So, when we invested in Twitter back then, it was based on that philosophy," Zhao continued.The former Binance CEO also criticized Europe's crypto policies, characterizing them as dead in the water compared to more pro-business jurisdictions like the United Arab Emirates (UAE), as he advocated for greater financial autonomy and personal liberties.Macroeconomic analyst Raoul Pal and Changpeng Zhao at the Token2049 event. Source: CointelegraphRelated: CZ aims to teach 1 billion kids through Giggle Academy — Token2049CZ sees potential in X, but issues persistIn October 2022, Zhau announced that crypto exchange Binance invested $500 million into businessman Elon Musk's takeover of Twitter, now known as X.The crypto exchange was one of 19 co-investors in the deal, which also included firms such as Sequoia Capital Fund and Fidelity Management.At the time of the investment, the former Binance CEO said that while "the platform has huge value, in itself," it faced several issues, including monetization problems, spam bots, development issues, and scam accounts targeting users with the goal of stealing funds. Zhao urged Elon Musk to ban bots on X in March, a problem that persists on the platform, particularly impacting the cryptocurrency community on the platform to promote fake tokens, scam users, or spam the site with promotional content.Despite these issues, Zhao expressed hope that Binance could help the social media site integrate into Web3 by facilitating crypto payments in the near future.Magazine: ‘China’s MicroStrategy’ Meitu sells all its Bitcoin and Ethereum: Asia Express
Published Date: 2025-04-30 22:24:53Creator: Cointelegraph by Vince Quill
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Bitcoin rebounds from bearish US GDP data as dip buyers push BTC price back toward $95K
Key takeaways: Bitcoin bulls are attacking the $95,000 level again after today’s brief US GDP-induced sell-off. Traders are semi-agnostic to negative US economic data as they expect the Federal Reserve to resume easing and rate cuts at some point in the future. Bitcoin (BTC) price knocks on the door of $95,000 after starting the NY trading session with a slight sell-off to $92,910 following alarm-raising US GDP data, which showed the economy shrank in Q1 2025. The move mirrors a similar recovery seen in the DOW and S&P 500, which bounced 0.35% and 0.15% respectively at the closing bell. The quick recovery in Bitcoin price highlights the strong bid by a variety of market participants, and it lines up with the view that the April 30 GDP data could be a one-off event resulting from businesses ramping up their imports ahead of President Donald Trump’s tariffs on about 90 countries. While a shrinking economy and record-low consumer confidence are valid concerns for TradFi investors, the threat of a US recession also plays into crypto traders investment thesis which predicts that a variety of negative economic events will eventually force the Federal Reserve to cut rates and issue more dollars — a maneuver which historically has benefitted Bitcoin price.Current odds of a Fed interest rate cut have increased this week, from 59.8% on April 29 to 63.8% on April 30. Fed target rate probabilities for June 18, 2025 Fed meeting. Source: CME FedWatchAccording to popular X trader Skew, the bounce in Bitcoin and US stocks was partially driven by “pretty solid revenue beats from big US companies so far,” which could also “bolster some confidence in risk.” BTC/USD chart. Source: Skew / XThe trader also said that Bitcoin’s, “Spot flow [was] primarily driven by passive buyers today, and price lifted with taker bid. Funding rate normalizing now after some shorts closing out.” Related: Bitcoin price consolidation likely as US Core PCE, manufacturing, and jobs reports print this weekCurrently, $95,500 is the key level traders are watching, and many analysts believe that a sustained push through the resistance zone opens the door for a swift move back to $100,000. It’s possible that the May 2 jobs report, which will show how many jobs were added to the US economy in April, could have a slight impact on the stock market and, in turn, cryptocurrencies.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.
Published Date: 2025-04-30 21:58:33Creator: Cointelegraph by Big Smokey
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Bloomberg Intelligence boosts Solana ETF approval odds to 90%
Bloomberg Intelligence has boosted its estimated odds of US regulators approving a Solana exchange-traded fund (ETF) in 2025 to 90%, according to an April 30 post on the X platform. The company also set more favorable chances of approval for other altcoin ETFs, including proposed funds holding XRP (XRP) and Dogecoin (DOGE), Bloomberg analyst Eric Balchunas said in an X post. The estimates reflect an improved outlook from Bloomberg analysts. In a February analysis, Bloomberg pegged the odds of a Solana (SOL) ETF approval at only 70%. They ascribed a 65% and 75% chance of approval to funds holding XRP and DOGE, respectively. As of April 30, six asset managers — including Grayscale, VanEck and 21Shares — are awaiting clearance from the US Securities and Exchange Commission (SEC) to list ETFs holding the Solana blockchain network’s native cryptocurrency. The same number of issuers are waiting on approval for XRP ETFs, and three are seeking approval for DOGE funds, according to Bloomberg data. The SEC has until October to review and potentially approve the proposed funds. Revised altcoin ETF approval odds. Source: Bloomberg IntelligenceRelated: SEC acknowledges slew of crypto ETF filings as reviews, approvals accelerateAltcoin ETF maniaAsset managers are seeking the SEC’s permission to list dozens of altcoin ETFs, with up to 70 crypto ETFs awaiting the agency’s review as of April. The deluge of filings reflects US President Donald Trump’s efforts to soften the SEC’s regulatory posture toward cryptocurrencies since taking office in January. In March, the Chicago Mercantile Exchange (CME), the US’s largest derivatives exchange, listed futures contracts tied to Solana.According to Chris Chung, founder of Solana-based swap platform Titan, the listing on the regulated futures exchange signals that approvals for Solana ETFs could be next.“[T]he timeline could extend into 2026 due to the SEC’s precedent of taking […] 240–260 days to review filings,” Bloomberg analyst James Seyffart also said in a previous forecast. In April, US securities exchange Nasdaq asked regulators for permission to list a 21Shares ETF holding Dogecoin, adding to the roster of DOGE funds awaiting a US public listing.Magazine: TV hit Peaky Blinders to launch crypto game, FIFA Rivals on Polkadot: Web3 Gamer
Published Date: 2025-04-30 21:47:00Creator: Cointelegraph by Alex O’Donnell
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Coinbase files brief with US Supreme Court in support of taxpayers' privacy
US-based cryptocurrency exchange Coinbase has filed an amicus brief in the country’s Supreme Court in support of a taxpayer fighting the Internal Revenue Service (IRS) gaining access to his data from a digital asset platform.In an April 30 filing in the Supreme Court of the United States (SCOTUS), lawyers for Coinbase argued that a First Circuit Court of Appeals decision set a “dangerous precedent” for crypto users, potentially allowing the government to “trace users’ every crypto transaction in the past and monitor every crypto transaction in the future.” The appeal to the Supreme Court stemmed from petitioner James Harper, a Coinbase user, who took legal action against the IRS after the crypto exchange was forced to turn over transaction data to the government using a sweeping “John Doe” summons in 2017.“This case directly affects Coinbase’s interest in protecting the privacy rights of its users and in the correct application of this Court’s doctrine on constitutional guarantees against warrantless government demands for third-party service providers to surrender users’ personal information,” the brief reads. “If the First Circuit’s ruling is allowed to stand, the Fourth Amendment will give no protection to millions of law-abiding Americans who routinely share intimate personal information with the third parties that ubiquitously store, transmit, or provide services based on that data,” it added.April 30 Coinbase amicus brief. Source: US Supreme CourtAn amicus brief is a filing in support of a plaintiff by an entity that is not directly involved. The case before the court has the potential to set significant precedents for digital privacy rights for crypto users and how the IRS will be allowed to gather data on taxpayers. Both the US District Court for the District of New Hampshire and the First Circuit have ruled against Harper’s petition, leaving the Supreme Court as his last option for an appeal. Related: IRS crypto tax reporting rules threat to industry — Coinbase legal chief“We believe in tax compliance, but this goes far beyond a narrow and tailored request and far beyond crypto,” said Coinbase chief legal officer Paul Grewal, in an April 30 X post. “This applies to banks, phone companies, ISPs, email, you name it [...] you should have the same right to privacy for your inbox or account as you have for a letter in your mailbox. “It’s unclear whether the court will take up the case. SCOTUS typically releases its opinions to the public in June. Since first being filed in 2020, many industry advocates have filed similar amicus briefs in support of Harper, including social media company X and the DeFi Education Fund.Magazine: XRP win leaves Ripple and industry with no crypto legal precedent set
Published Date: 2025-04-30 21:31:00Creator: Cointelegraph by Turner Wright
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Stablecoins on track for $2T market cap by 2028 — US Treasury
US Dollar-pegged stablecoins are on track to reach an aggregate market capitalization of approximately $2 trillion by 2028, according to the United States Department of the Treasury’s Q1 2025 report. Stablecoins’ cumulative market cap currently stands at roughly $230 billion, but “[e]volving market dynamics [have] the potential to accelerate stablecoins’ trajectory to reach ~$2tn in market cap by 2028,” the Treasury said in the April 30 report. A stablecoin is a cryptocurrency whose value is pegged to a traditional asset like the US dollar. According to the report, such tokens are already “ubiquitously utilized as ‘cash on-chain,’ effectively serving as a new payment mechanism.” Additionally, the emergence of “tokenized [money market funds] has recently created an alternative option to stablecoins, primarily given their yield-bearing feature,” the report reads.Treasury on stablecoins’ impact. Source: US TreasuryRelated: Stablecoins boosting demand for US T-bills: Treasury DeptEmbracing tokenizationThe report is the latest example of how the US government is embracing blockchain technology, especially after US President Donald Trump commenced his second term of office on Jan. 20. The Treasury previously endorsed cryptocurrency in December, noting that the technology promises to create a “new financial market infrastructure,” potentially increasing global demand for US Treasury bills. US Dollar-pegged stablecoins such as Tether (USDT) and USDC (USDC) invest fiat backing into yield-bearing instruments such as US Treasurys. “[B]ecause most stablecoin collateral reportedly consists of either Treasury bills or Treasury-backed repurchase agreement transactions, the growth in stablecoins has likely resulted in a modest increase in demand for short-dated Treasury securities,” the Treasury said in December.The current state of stablecoins. Source: US TreasuryIn its April report, the Treasury said that pending stablecoin legislation would “require stablecoin issuers to hold [short-dated] T-bills,” thus solidifying the link between stablecoin adoption and US Treasury bill demand. The report also noted that the proliferation of stablecoins could put pressure on retail banks to pay higher interest rates to depositors. As of April 25, Tether’s USDT is the dominant stablecoin, commanding approximately 66% of market share, according to a report by researcher Nansen. The token has a market capitalization of roughly $150 billion, according to CoinGecko. Circle’s USDC ranks second, with a market capitalization of approximately $60 billion as of April 30. Magazine: TV hit Peaky Blinders to launch crypto game, FIFA Rivals on Polkadot: Web3 Gamer
Published Date: 2025-04-30 21:15:00Creator: Cointelegraph by Alex O’Donnell
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3 Ethereum charts flash signal last seen in 2017 when ETH price rallied 25,000%
Key takeaways:Ether price printed a rare monthly Dragonfly doji candlestick, which is often seen before major ETH bull market cycles.ETH is retesting its long-term parabolic support zone that preceded its historic 2017 rally.The MVRV Z-Score has entered the accumulation zone, signaling undervaluation.Ethereum’s native token, Ether (ETH), is flashing a combination of technical and onchain signals once seen in the early stages of its 2017 bull run, a cycle that produced over 25,000% gains.Dragonfly doji hints ETH bulls are regaining controlEther is flashing a rare Dragonfly Doji candlestick on its monthly chart, the same structure that preceded its historic 25,000% rally during the 2017 bull cycle.This pattern is confirmed when the price prints a long lower wick, little to no upper wick, and closes at or near its opening level.On Ether’s monthly chart, the candlestick reflects a sharp intra-month rejection of lower prices, suggesting that bulls are beginning to regain control after an extended downtrend.ETH/USD monthly price chart. Source: TradingViewIn December 2016, Ethereum formed a similar monthly Dragonfly doji before erupting from under $6 to over $1,400 in over a year. The same pattern has been seen, with smaller upside, in 2021 and 2023, where ETH gained over 80% and 145%, respectively.If bulls confirm the signal with a strong May open, especially above April’s high of around $1,950, Ethereum could be primed for another multimonth rally, beginning with an initial run toward $2,100. Ethereum tests long-term parabolic support, just like in 2017Chartist Merlijn the Trader points to Ethereum retesting its long-term parabolic support, (the green zone in the chart below) that has consistently acted as a launchpad for new uptrends.ETH/USD weekly price chart. Source: TradingView/Merlijn The Trader“In every cycle, this zone triggers a reversal — and this time is no different,” he wrote in his X post on April 30, adding:“Now begins what could be Ethereum’s most explosive rally yet.”In early 2017, ETH also bounced from this exact same parabolic trendline during its initial breakout phase. The trendline supported ETH throughout that year, fueling the vertical move to $1,400 from around $6.Related: Ethereum’s ‘capitulation’ suggests ETH price is undervalued: Fidelity reportThe current retest in 2025 mirrors that breakout setup, suggesting a cyclical pattern may be repeating.Onchain data points to ICO-era-style ETH accumulation sentimentEthereum’s MVRV Z-Score, a key onchain metric used to identify market tops and bottoms, has re-entered the historical accumulation zone (the green band in the chart below), strengthening the argument that ETH may have found its cycle bottom.Ethereum MVRV-Z Score chart. Source: GlassnodeIn past cycles, Ethereum’s MVRV Z-Score dipped into this green zone in late 2018, March 2020, and mid-2022. All of these dips coincided with market bottoms and preceded multimonth to multi-year rallies.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.
Published Date: 2025-04-30 21:00:00Creator: Cointelegraph by Yashu Gola
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CZ aims to teach 1 billion kids through Giggle Academy — Token2049
Binance co-founder Changpeng “CZ” Zhao wants to provide free education for up to a billion children worldwide with his Giggle Academy venture, he told an audience at Token2049 in Dubai, United Arab Emirates (UAE)."In a few years, I think, I want to teach 100 million or 1 billion kids for free,” Zhao told the audience. Giggle is a free online platform that provides elementary education through gamified lessons."With the technologies we have today, it's not that hard to make an app that will stick, that's educational, but also glues the kids to the device," the crypto entrepreneur said.Raoul Pal pictured (left) and Binance co-founder Changpeng Zhao (right) at the Token2049 conference in Dubai. Source: CointelegraphGiggle's concept paper outlines the project's goal of providing K-12 education globally for free by offering non-traditional educational courses in topics such as negotiations, finance, entrepreneurship, sales, legal, accounting, blockchain, and AI in phases.In April 2024, the Binance co-founder announced he was stepping away from the company and focusing on educational initiatives as he prepared to serve a four-month prison sentence for violating US money laundering laws, which he completed in September 2024.Related: Ex-Binance CEO chides Europe over crypto adoptionThe growing role of generative AI in education Zhao also discussed the heavy use of generative AI in crafting the course materials for Giggle Academy, a growing trend in online and traditional education.In June 2023, Japan's Ministry of Education, Culture, Sports, Science, and Technology announced it would allow the limited use of generative AI in classrooms, including ChatGPT, to aid in classroom discussion and teaching.The KTCT Higher Secondary School in Thiruvananthapuram, Kerala, a grade school in India, introduced an AI-humanoid teacher to one of its classrooms in February 2024 as part of an early pilot program.Andrej Karpathy, a former executive for Tesla and OpenAI, founded Eureka Labs, a startup dedicated to creating AI-powered teaching assistants, in July 2024.The goal of the startup is to bring subject matter expert-level education to students worldwide and bypass language barriers."This teacher and AI symbiosis could run an entire curriculum of courses on a common platform. If we are successful, it will be easy for anyone to learn anything," Karpathy wrote in July 2024.Magazine: How CZ built Binance and became the richest person in crypto
Published Date: 2025-04-30 20:55:00Creator: Cointelegraph by Vince Quill
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