ProBit Bits — ProBit Global’s Weekly Blockchain Bits Vol. 148

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 Ethereum’s Bearish Months May Signal a Bottom

Ethereum’s price has been on a sustained decline, with four consecutive red monthly candles following an 18.47% drop in March. The current bearish trend, coupled with a five-year low ETH/BTC ratio, hints that Ethereum might be nearing a short-term bottom, similar to previous cycles seen in 2018 and 2022. Additionally, lower network fees indicate reduced activity, which some analysts view as a precursor to a rebound. Historical data shows a high probability of a positive recovery in April, suggesting that, despite current bearish signals, Ethereum may soon reverse its downtrend and begin an upward correction. Investors remain cautiously optimistic.

 Billion-Dollar BTC Buys: A Mature Market Signal?

Despite recent multi-billion-dollar Bitcoin purchases by Tether and Michael Saylor’s Strategy, Bitcoin’s price remains largely unmoved. Tether snapped up $735 million worth, and Strategy added $1.9 billion, yet these large buys seem “priced in,” according to analysts. This behavior, along with high open interest on futures and increased implied volatility, suggests that the market may have matured. Rather than signaling weakness, such steady performance might indicate underlying strength. Many experts believe that once broader market conditions improve, Bitcoin’s price could react more positively. Investors continue to watch for catalysts amid ongoing market volatility.

 OpenAI’s $40B Boost Energizes AI Stocks and Tokens

OpenAI’s record $40 billion funding round, announced Monday, has calmed market jitters and sparked a rally in AI-related assets. CoreWeave shares surged over 38% on Tuesday, recovering from early trading dips following its IPO. Meanwhile, digital assets like Near Protocol, Internet Computer, Bittensor, and Render all gained more than 3%, with Render up 7.4%. This massive funding milestone, which valued OpenAI at $300 billion, has restored investor confidence in the AI sector despite broader market volatility. The announcement has highlighted the resilience of the AI ecosystem and reaffirmed the strong appetite for innovation in this space.

 GameStop Fuels Bitcoin Ambitions with $1.5B Convertible Note Sale

GameStop has unlocked significant Bitcoin buying power after closing a $1.3 billion convertible note offering, with a fully exercised $200 million greenshoe option boosting the total sale to $1.5 billion. Net proceeds of approximately $1.48 billion are set to help the video game retailer add Bitcoin to its balance sheet, as announced alongside its Q4 earnings report. CEO Ryan Cohen and the board have approved updating the investment policy to include Bitcoin. Following the news, GameStop shares saw modest gains, reflecting renewed investor optimism despite broader market volatility. This move signals a strategic shift toward diversifying assets amid evolving market dynamics.

 Revolutionizing Web3 Memory with RLNC-powered deRAM

Web3 faces a core challenge: its decentralized memory is inefficient and fragmented, leading to slow, costly transactions and data congestion. Researchers are now turning to Random Linear Network Coding (RLNC)—a method developed at MIT—to build a robust, scalable memory layer called decentralized RAM (deRAM). This breakthrough enhances data propagation and storage efficiency, turning the current chaotic “laundry pile” into a well-organized closet. With RLNC-powered deRAM, blockchains can finally achieve reliable, high-performance memory management, enabling faster decentralized applications and paving the way for digital innovation.

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