Wednesday🌗Web3 Highlights: AI Forecasts, Crypto News & Blockchain Innovations!

Welcome to today’s Web3 roundup, where the latest innovations and news take center stage! From AI predictions on Bitcoin prices to major regulatory moves and blockchain breakthroughs, Web3 is buzzing. Highlights include Elon Musk stepping up in the world of Dogecoin, government efforts to seize crypto assets tied to high-profile cases, Ethereum’s new “time machine” for conditional transactions, and Solana’s rapid network growth outpacing Ethereum. Dive in for insights on how these developments are shaping the future of finance and technology—don’t miss a beat in this fast-evolving space!

1. AI Predicts Bitcoin’s Future as Musk Leads DOGE Department

Elon Musk has been appointed as the Head of the Department of Government Efficiency (DOGE) by Trump, tasked with cutting excessive government spending and reducing bureaucratic obstacles. Working alongside entrepreneur Vivek Ramaswamy, Musk will help drive an economic overhaul that could impact crypto markets. Early signs are already visible, with Dogecoin jumping 20% following the announcement. AI predictions indicate Bitcoin could reach $90,000 if Musk’s initiatives create a favorable crypto environment, although Dogecoin’s popularity could put pressure on Bitcoin’s growth. This new role highlights Musk's influence in both political and financial spheres, sparking market speculation and excitement.

AI Predicts Bitcoin’s Price (BTC) As Musk Debuts As DOGE Dept’ Lead

How high can Bitcoin spike now that Musk has officially been announced as the head of the Department of Government Efficiency (DOGE)?

Watcher GuruJuhi Mirza

2. US Aims to Seize Crypto Tied to Sam Bankman-Fried’s China Bribery

The U.S. government is moving to seize a crypto account valued at $18.5 million linked to Sam Bankman-Fried, reportedly used to bribe Chinese officials in 2021 before FTX’s collapse. The account, containing assets like Solana, Cardano, and Ripple, has grown significantly in value amidst this year’s bull market. Prosecutors claim the bribe was intended to release $1 billion in frozen funds on Chinese exchanges, allegedly authorized by Bankman-Fried. Meanwhile, FTX continues to pursue lawsuits and asset recovery efforts to reimburse creditors, having filed over 20 lawsuits targeting various parties, including Binance and KuCoin, as it navigates its complex bankruptcy.

US Seeks to Seize Crypto Account Linked to Sam Bankman-Fried’s China Bribe

The US government is seeking control of a crypto account linked to Sam Bankman-Fried, which was allegedly used to bribe Chinese officials before FTX’s collapse in 2022. According to a court filing tod

InsightsBeincrypto

3. Ethereum Pioneer’s “Time Machine” Enables Future-Based Transactions

STXN has launched the "Ethereum time machine," a platform that enhances Ethereum's blockchain programming by allowing smart contracts to execute based on future events. This feature enables dynamic transactions, where users can set conditions (e.g., asset value) for executing trades at specified times. With the collaboration of Consensys, the Ethereum time machine guarantees future events can be included in smart contracts, bridging the gap between flexibility and immutability. This opens vast possibilities for developers, further extending Ethereum's capabilities beyond its traditional programming constraints. #Ethereum #SmartContracts #Blockchain #Crypto #STXN

Ethereum Pioneer’s New ‘Time Machine’ Makes Transactions Conditional on Future Events

The new platform, called the “Ethereum time machine,” extends Ethereum’s programming capabilities by allowing smart contracts to execute transactions based on uncertain or not-guaranteed future events.

CoinDeskMargaux Nijkerk

4. Solana’s Growth Surges, Outpacing Ethereum—Value Steady

Solana’s network growth and on-chain activity have recently outpaced Ethereum, but its market cap remains only a fraction of Ethereum's. Solana has surpassed Ethereum in dApp revenue and shows increased value through metrics like real economic value (REV) and total application revenue (TAR). Despite recent setbacks, including network outages, Solana's ecosystem continues to expand, attracting developers and users with its low transaction costs and high throughput. If Solana's growth continues, it may soon challenge Ethereum’s dominance in blockchain technology. Some also see a potential boost through possible ETF approval in the U.S.

Solana’s Value Stuck in Fourth Gear as Network Growth Races Ahead of Ethereum - Decrypt

Solana has continued to peck away at Ethereum, beating out the number two blockchain in key metrics along the way.

DecryptSebastian Sinclair

Web3 is moving fast, and these highlights show just how dynamic the field has become. From AI-driven predictions shaping crypto investments to Ethereum and Solana pioneering blockchain possibilities, today’s updates reflect how far Web3 has come and where it might head next. As we watch the space evolve, these innovations are setting the stage for a transformative era in finance, tech, and beyond. Stay connected for more updates, and make sure you’re ready to embrace the future of decentralized technology. Keep exploring with us!

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