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Amazon (AMZN) CEO Andy Jassy anticipates that generative artificial intelligence will reduce its corporate workforce in the next few years. The e-commerce giant is increasing its usage of the technology in almost all functions of the company, putting several jobs at risk. “We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,” Jassy said in a message to employees. “It’s hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company.” While this could help boost Amazon’s profits, it could dramatically affect humans in the workforce, as cutting costs thanks to AI essentially cuts several salaries altogether. “As we go through this transformation together, be curious about AI, educate yourself, attend workshops and take trainings, use and experiment with AI whenever you ca...

XRP price prediction models are signaling a potential 35% surge to $1.7 following the recent pause in the Ripple-SEC legal battle. This XRP price prediction comes as both parties have requested courts to hold appeals in abeyance, and also creating optimism for a settlement that could unlock significant price appreciation right now. SEC Legal Filing Document – Source: SEC.gov Also Read: XRP ETF Approved for Toronto Stock Exchange Launch Ripple-SEC Lawsuit Pause Fuels Bullish XRP Price Prediction Source: Coinpedia The Ripple SEC lawsuit has taken a crucial turn, with both parties filing a joint motion to pause Second Circuit appeals. This pause is pivotal for future XRP price predictions. At the time of writing, JackTheRippler stated on social media: BREAKING: The SEC is mandated to submit a status report by August 15, 2025! #XRP The parties have requested that the Second Circuit continue to hold the appeals in abeyance! pic.twitter.com/UXdwQo3CL7 — JackTheRippler ️ (@RippleXrpie) J...

The long-running legal battle between Ripple and the Securities and Exchange Commission (SEC) has entered a fresh period of uncertainty as both parties await a pivotal court decision that could shape the outcome.  In a joint status update filed on June 16, Ripple and the SEC requested the Second Circuit Court of Appeals to continue holding the appeals in abeyance. According to defense attorney James Filan, who shared the update on X on June 17, the move is linked to a pending motion for an indicative ruling in the lower court, an essential step toward modifying the final judgment and implementing a proposed settlement. As part of the latest timeline, the SEC has been directed to submit a status report by August 15, 2025. #XRPCommunity #SECGov v. #Ripple #XRP In light of the pending motion for an indicative ruling, the parties have requested that the Second Circuit continue to hold the appeals in abeyance, with the @SECGov to file a status report by August 15,...

New on-chain data indicates that XRP’s ledger is experiencing significant growth, with large holders increasingly accumulating the asset. For the first time in XRP’s 12-year history, 2,708 unique wallets now hold 1 million or more XRP, which is valued at roughly $525,000 or more at current market prices, according to data from Santiment shared on June 16. XRP ledger activity. Source: Santiment This bullish trend is also evident in network activity. XRP’s daily active addresses have soared, averaging over 295,000 per day over the past week. This marks a staggering jump from the typical 35,000 to 40,000 daily average observed over the past three months, an eight-fold surge in user interaction. Impact on XRP’s price Historically, such a convergence of whale accumulation and rising address activity has often preceded significant price movements. The current uptick comes at a potentially pivotal moment for the XRP ecosystem. Notably, the SEC is...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

In the race to dominate institutional Bitcoin (BTC) holdings, BlackRock is rapidly pulling ahead of the pack. Through its iShares Bitcoin Trust (IBIT), the asset management giant has quietly built one of the largest BTC positions in the world. According to fresh data retrieved by Finbold from Arkham Intel, BlackRock now controls 665,938 BTC, currently valued at approximately $69.83 billion as of Friday, June 13, 2025. BlackRock Bitcoin holdings. Source: Arkham That position makes up an estimated 94.8% of BlackRock’s $73.66 billion crypto portfolio, showing a clear focus on Bitcoin over other digital assets, despite the firm’s daily purchases of Ethereum in the last two weeks. BlackRock is now the second-largest holder of Bitcoin globally With this level of accumulation, BlackRock has moved ahead of major players such as Binance and MicroStrategy. Its IBIT fund is now the second-largest holder of Bitcoin globally. Only the legendary wallet linked to Bitcoin’...

BlackRock & Vanguard antitrust concerns have escalated dramatically as the asset management giants controlling over $27 trillion face a high-stakes Texas lawsuit right now. State Street collusion allegations and growing regulatory uncertainty are creating significant market volatility, and also, cryptocurrency markets are experiencing turbulence amid intensifying United States news coverage of the federal investigation. FTC official statement document – Source: FTC Also Read: Elon Musk’s xAI Taps Morgan Stanley for $5B Debt Amid Trump Feud Regulatory Uncertainty Grows as BlackRock, Vanguard & State Street Face Collusion Claims Source: The Guardian The BlackRock & Vanguard antitrust case reached the Federal Court as lawyers argued for dismissal of claims that the firms coordinated to suppress coal production. State Street collusion allegations center on whether the asset managers used their massive holdings to influence corporate decisions, and this is creating unprecedente...

The price of Ethereum (ETH) recently reclaimed the upper boundary of its multi-week range, breaking above the $2,800 resistance level. At press time, Ether sits at $2,818, with its market capitalization now up to $338.8 billion. The cryptocurrency market seems to be rebounding from its recent slump. Bitcoin (BTC) has reclaimed the $108,000 mark and is inching closer to hitting $110,000 once again. BTC hitting $110,000 could lead to another market-wide rally, causing the likes of ETH to follow. One indicator hinting at a potential Ethereum breakout outside of Bitcoin’s rally has been the ETH relative strength index (RSI). Crypto analyst Merlijn highlights that the market experienced a “fakeout” below key support, which was immediately followed by a bullish reversal and breakout. A visible RSI downtrend was also breached, signaling renewed strength in momentum. The chart above, shared by Merlijn shows an ascending triangle pattern—marked by rising lows and flat resistance—that cul...

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Ethereum (ETH) price has surged 8.73% in 24 hours and is now approaching the $2,800 mark for the first time since February. ETH price performance. Source: Finbold This surge is mostly fueled by strong institutional demand, with major players like BlackRock alone buying $500 million worth of ETH in just 10 days, and record numbers of staked Ethereum, which now sit at 34.65 million .  While the price still sits about 43% below its all-time high of $4,721, a breakout above $2,800 could lead to more upside, potentially allowing the token to break the $3,000 mark. Ethereum price performance Technically, ETH broke above its 200-day simple moving average (SMA) of $2,660 and 50-day SMA of $2,287. The relative strength index (RSI) is also leaning bullish-neutral, sitting at 65.  ETH RSI chart. Source: CoinMarketCap Futures open interest (OI) is going up, having increased from $26 billion to $36 billion in the past month (a 40% increase, according to Coi...

Perceiving victory as guaranteed, a powerful group of Bitcoin developers has scheduled a major change to Core software for October that would finalize their victory over conservative dissidents. If version 30 of Bitcoin’s most popular full node software launches on this schedule, Bitcoin Core’s default mempool will no longer filter OP_RETURN outputs with large amounts of non-financial data. Developers have been embroiled in disagreements this year over their willingness to easily queue up transactions across nodes with large amounts of data unrelated to the on-chain movement of bitcoin (BTC).  For the vast majority of Bitcoin’s existence, so-called OP_RETURN data carrier limits for Bitcoin Core’s default mempool limited outputs to under 84 bytes of data. This year, progressives led by Antoine Poinsot and Peter Todd decided to spearhead an increase to nearly 4MB . Flagging that change as irresponsible, antithetical to Bitcoin’s purpose, and overrun with corporate intere...

A volatile year has gotten even more so this week for one of the biggest companies in the world. Amid the ongoing Elon Musk split from the US President Donald Trump’s inner circle, his most prominent company has paid the price. Now, Tesla (TSLA) has seen its price target lowered by Goldman Sachs amid its recent stock fall. The VE manufacturer rebounded somewhat on Friday, firmly situating itself above the $300 mark. However, experts have cautioned over its worth far exceeding its value, with a correction potentially in store. Now, it seems as though Goldman Sachs is in alignment with that thinking. Source: Market Watch Also Read: Tesla (TSLA) Market Share & Trump Opposition Send Stock Below $305 Tesla Gets Lowered Price Target From Goldman Sachs as Stock Faces Uncertainty Tesla has experienced a whirlwind over the last several weeks. After CEO Elon Musk announced he was stepping away from the Trump Administration’s DOGE commission, its value skyrocketed. Now, after speaking ...