The Merkle News

1 day ago | themerkle.com | Will Izuchukwu

In a decisive strategic move that demonstrates an increasing institutional interest in artificial intelligence tokens, the BSC Foundation has made a sizable purchase of SkyAI (SKYAI)—to the tune of $75,000, in fact. The acquisition was made using decentralized trading platform Mimic.fi and was completed at what looks to be a pretty decent average price per token of $0.04634.

1 day ago | themerkle.com | Will Izuchukwu

Following the same rhythm observed since Solana’s recent price surge with transfers from FTX and Alameda coinciding with every SOL price dip since November. A Monthly Ritual: SOL Transfers on the 10thThis trend’s core is the regular SOL activity from FTX/Alameda’s staking address, which seems to function on a fixed timetable, with big SOL redemptions and distributions happening on the 10th of each month. The last transfer saw 187,000 SOL tokens unstaked and sent out to 27 different addresses.

1 day ago | themerkle.com | Will Izuchukwu

In the last day, the Virtuals ecosystem, part of the AI agent industry, has not only “defied much of the downturn” but has also “increased its total mindshare to 33.47%.” In the AI Agent Market overall, however, our author informs us:“According to the May 13th daily update, the total AI Agent Market capitalization sits at $11.23 billion, reflecting a modest 5.31% decline.”This is a reminder, dear reader, I think, that while some parts of the AI industry are doing quite well, other parts aren’t.

1 day ago | themerkle.com | Will Izuchukwu

In a major move for the altcoin space, XRP has now moved ahead of Tether (USDT) to once again attain the third-largest market cap position among all cryptocurrencies. As of Monday, the price of XRP had surged above $2.61—this surge in price signaling renewed investor confidence in the asset—which had not previously been attained since March 6. Another way to put this would be: XRP has overtaken USDT to become the third-largest cryptocurrency by market cap.

1 day ago | themerkle.com | Will Izuchukwu

The Aptos ecosystem is growing rapidly as a viable challenger in the blockchain space, especially in areas like real-world assets (RWAs), decentralized finance (DeFi), and cross-chain solutions. Over the second week of May, several significant developments occurred that underscored Aptos’ value proposition in multiple segments. Aptos is establishing itself as a top Layer 1 blockchain in the fast-changing world of Web3.