VELO Crypto Price

Elon Musk's Grok 4 Launch: Elon Musk introduced Grok 4, an advanced AI chatbot on the X platform, claiming it is smarter than most graduate students and highlighting its potential integration into Tesla vehicles.

Community Concerns and Market Impact: Despite the excitement surrounding Grok 4, there are concerns about content moderation, prompting xAI to address hate speech issues, while no immediate impact on the crypto market was observed following the launch.

UK's Bitcoin Sale Initiative: The UK Home Office is working with police to sell over $7 billion worth of seized Bitcoin, primarily from a Ponzi scheme, to address budget deficits and support public finances.

Challenges in the Sale Process: Legal hurdles and victims' claims for refunds complicate the sale, while a lack of competitive bids for the tender to manage the sale is causing delays in establishing the necessary infrastructure for the transaction.

Investor Activity: Smart money investors added $1.3 million in AERO this week, while whale investors increased their holdings by 18%, despite the token's price dip to $0.8920.

Trading Volume and Technical Analysis: Aerodrome's trading volume surged to over $4 billion, bolstered by upcoming features from Coinbase's TBA platform; technical indicators suggest potential bullish momentum but also indicate risks of a near-term decline.

Technical Analysis of Cardano (ADA): Analyst Ali highlights that Cardano is nearing a critical resistance level at $0.85, with a potential upward movement towards $1.31 if it closes above this threshold. The current price is around $0.74, having recovered from previous lows.

Community Skepticism and Market Sentiment: Responses from users on X reflect mixed sentiments about ADA's future, with concerns about profit-taking at the $1 mark and doubts regarding the sustainability of the rally, emphasizing the importance of monitoring key resistance levels.