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Crypto

Optimism spreads across major cryptocurrencies; CryptoQuant says it resembles late 2022 bull market

Analyst views on five major cryptocurrencies including Bitcoin, Ether, BNB, XRP and Solana have broadly shifted from bearish to bullish since July, CryptoQuant said. In a weekly report carried by CoinPost, it compared the move to the early phase of the late-2022 to early-2023 bull market, though faster and across more assets. Bitcoin’s consensus gauge turned positive in late July and later reached +49.2, while bullish shares rose sharply across several tokens.

AI & Enterprise

What happens as software development costs move toward zero?

Mike Vernal, an investor and engineer at Conviction, likened the future of the software industry to changes in the newspaper business after the internet. He said newspapers split between top global brands and individual operators as distribution costs fell. Vernal said AI could push software the same way by driving development costs toward zero and weakening moats such as high build costs, switching costs and network effects. He argued scale, brand and rapid reinvestment would matter more.

Crypto

Hunter Biden to launch \'LAPTOP\' memecoin tied to laptop controversy

Hunter Biden (헌터 바이든) will launch a memecoin called LAPTOP, themed on the laptop controversy surrounding him, on Coinbase-built Base on Sept. 9. The token supply totals 1 billion, with 200 million set aside for two airdrops. Eligible recipients include wallets that lost money investing in U.S. President Donald Trump\'s TRUMP memecoin, Biden\'s Substack subscribers and subscribers to Andrew Callaghan\'s mailing list. The project also outlines founder allocations and conditional token burns.