Benjamin Njiri

5 days ago | ambcrypto.com | Benjamin Njiri

Robinhood’s HOOD led this week’s crypto stock rally by 15%. Bitcoin miners and MSTR also posted over 5% gains, but Coinbase’s COIN was sluggish. Crypto-related stocks rallied higher as Bitcoin [BTC] surged to $104K for the first time since late January. The world’s largest digital asset added over $8.5K, about 9% from Monday lows of $93K. HOOD, miners lead crypto stock rally Robinhood’s HOOD, a crypto and stock trading retail app, led the weekly rally with a 15% gain.

5 days ago | ambcrypto.com | Benjamin Njiri

Uniswap rallied over 30% as Bitcoin reclaimed $100K. The $8 resistance could become sticky if the break-even holders unwind positions. Uniswap [UNI] pumped 26% on the 8th of May as Bitcoin blasted above $100K for the first time in three months. On the 9th of May, before the U.S. market opened, the DeFi token posted an extra 3% gain, bringing the overall recovery to 35% in the past 48 hours. But can the rally extend into the weekend with a key obstacle at the $7.5-$8 zone?

5 days ago | ambcrypto.com | Benjamin Njiri

A crypto VC downplayed Ethereum’s scaling efforts as zero-sum. ETH price hit a 2-month high and could eye $2.7K-$2.8K if risk-on sentiment continues. The recently implemented Pectra upgrade and other planned Ethereum [ETH] L1 scaling efforts may be zero-sum, according to Kyle Samani, partner at crypto VC Multicoin Capital. In a Thursday X (formerly Twitter) post, Samani singled out Base as a key beneficiary and competitor to the Ethereum L1. “Scaling Ethereum L1 won’t fix Ethereum.

6 days ago | ambcrypto.com | Benjamin Njiri |Gladys Makena |Ishika Kumari |RITIKA GUPTA

ChainGPT, a pioneer in blockchain AI solutions, today announced the release of its highly anticipated AIVM Whitepaper, a comprehensive technical and strategic vision for building the foundation of the AI Crypto Economy. The Artificial Intelligence Virtual Machine (AIVM) is a purpose-built Layer-1 blockchain designed to seamlessly integrate decentralised AI development, compute infrastructure, and monetisation, bringing Web2 and Web3 together under one unified, scalable AI ecosystem.

6 days ago | ambcrypto.com | Benjamin Njiri

Solana proposed changing its consensus model to rival Nasdaq and NYSE. MEXC exchange exec projected SOL could hit $200 in May. Solana [SOL]  has unveiled a plan to rival traditional centralized exchanges like Nasdaq and NYSE (New York Stock Exchange) amid a push for on-chain stocks/equity issuance by public firms. But to ensure Solana’s competitiveness relative to NYSE and Nasdaq, the network must prevent transaction censoring, argued founder Anatoly Yakovenko and Anza researcher Max Resnick.