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December 18, 2024 05:20 ET  | Source: Polaris Market Research & Consulting LLP Polaris Market Research & Consulting LLP
New York, USA, Dec. 18, 2024 (GLOBE NEWSWIRE) — Artificial Intelligence Market Outlook:
The market for artificial intelligence is poised to witness robust growth, according to the latest research report by Polaris Market Research. The artificial intelligence market size was valued at USD 235.27 billion in 2024 and is projected to grow to USD 3,582.75 billion by 2034. It is anticipated to exhibit a CAGR of 31.3% from 2025 to 2034.
What Is Artificial Intelligence?
Artificial intelligence (AI) is a set of technologies that allow machines and computers to simulate human learning and reasoning. AI is a broad field that draws from several disciplines, including neuroscience, statistics, computer science, and philosophy. AI systems can learn from their errors and improve their accuracy. They can understand and translate spoken and written language. Also, AI systems are capable of analyzing vast amounts of data to make recommendations. AI finds applications across various industries, including healthcare, e-commerce, space exploration, education, marketing, and security systems, among others.
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What Are Key Report Highlights?
Who Are Top Market Players?
The top market participants are focusing on R&D to improve their product offerings. Also, they are adopting several strategic initiatives to improve their market share.
A few of the artificial intelligence market key players are:
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What’s Driving Market Forward?
Availability of Historical Datasets: The availability of historical datasets has led to increased innovation in AI. With data storage and recovery becoming more economical, governments and organizations are developing unstructured datasets that can be easily accessed by research. This availability of historical datasets is driving the artificial intelligence market development.
Advancements in Artificial Neural Networks: Advancements in artificial neural networks (ANN) have resulted in increased adoption of AI across several sectors, including automotive, healthcare, manufacturing, and aerospace.
Continuous Research and Innovation: The top market participants are continuously focusing on continuous research and development to drive the adoption of advanced technologies, including AI. This increased focus on research and innovation is driving the artificial intelligence market expansion.
Which Region Leads Market Demand?
North America: North America held a sizable portion of the artificial intelligence market share in 2024. The introduction of favorable regulations and government initiatives has led to increased adoption of AI across various sectors. Also, significant investments in AI research and development contribute to the market dominance in the region.
Asia Pacific: Asia Pacific is projected to register a substantial CAGR from 2025 to 2034. Several emerging economies in the Asia Pacific have introduced steadfast plans for the adoption of AI technology across various industries. Also, the AI use cases in Asia Pacific are projected to rise as 5G technology is being increasingly implemented in nations such as China, India, and Japan.


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By Solution Outlook
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A few days ago, the team of the famous memecoin Shiba Inu announced to the public the arrival of a new protagonist within its ecosystem, namely the token Shifu.
The currency will be officially released this week, accompanied by an airdrop in favor of the holders of SHIB, BUBBLE, LEASH, and other resources.
A public presale has also been organized, which everyone can freely participate in, but it will expire in a few hours.
We delve into everything in this article.
Summary
The community of Shiba Inu will soon host a new companion from Japanese meme culture, already known to the public as Shifu token.
The news had been anticipated a few days ago by the influencer Lark Davis, then confirmed by Shytoshi Kusama, lead developer of the famous memecoin.
Shifu was born from a collaboration between the Shiba Inu team and that of Imaginary Ones, a blockchain platform that integrates digital art, games, and NFT.
This partnership makes the new token unique and innovative, being integrated with various gamified elements of the web3 world.
The name Shifu, which in Japanese means “master”, evokes the image of a master who guides and teaches, bringing discipline and wisdom to the chaotic market of memecoin.
The design of the new coin is very reminiscent of the elderly master from the film “Kung Fu Panda,” also called Shifu. 
Presenting the token to the crypto markets, it was also revealed that there will be a reward for all supporters of the Shiba ecosystem. The official launch is scheduled for this week
#SHIB #Shibarmy #LEASH LFG

Did someone say Airdrop? https://t.co/pJd44aGKaY
As anticipated by the influencer Davis, the launch of the Shifu token will be accompanied by a large airdrop to the Shiba and Imaginary ones communities.
All holders of SHIB, BUBBLE, LEASH, BONE and the owners of the NFT Shiboshi, Sheboshi, and Imaginary Ones Carnival will be eligible.
We do not know exactly when the snapshot will be taken, but it is likely that it has already been taken.
In total, 30% of the supply of the new Shifu token will be allocated for the airdrop, aiming to reward and strengthen the cohesion of a successful meme ecosystem.
More specifically, 22% will be offered to all users who at the time of the snapshot have a balance of at least 100,000 SHIB and 100 BUBBLE.
The 4% is reserved for the holders of Shib Games, which include the tokens LEASH, BONE, and the NFTs Shiboshi and Sheboshi.
The remaining 4% is instead allocated for the Imaginary Ones Carnival participants and its related NFTs.
The currency will be released on the blockchains of Ethereum and Shibarium, with the “Token Generation Event” scheduled in the coming days.
This airdrop is designed to reward existing supporters and encourage the adoption of the new token among the loyal users of the platform.
SHIFU, a groundbreaking partnership between Shiba and Imaginary Ones, is bringing an incredible airdrop exclusively for our loyal Shib community! 🌟

Here’s how the airdrop supply will be distributed:
22% Supply: Hold 100,000 $SHIB + 100 $BUBBLE to qualify.

4% Supply: Reserved… pic.twitter.com/4cp5UieUzs
Introducing the new Shifu token, the Shiba Inu team also revealed its tokenomics, which is as follows.
The total supply is 1,000 billion units, with 50% to be released at the TGE and the remaining 50% unlocked over four weeks.
This gradual release strategy aims to prevent excessive market volatility and to ensure a smooth initial transition for new holders.
As anticipated in the paragraph, 30% of the supply of Shifu is reserved for airdrop purposes, with 30 billion tokens that will end up in the wallets of the Shiba ecosystem.
25% of the supply, or 25 billion Shifu, will be used to provide liquidity on various centralized and decentralized exchanges.
This is a fundamental step to ensure that there are enough resources available to facilitate trading in the market, reducing initial volatility.
Obviously, like all memecoins, an allocation dedicated to the project’s marketing could not be missing: 10% of the existing Shifu will be used to pay crypto influencers and other collaborators who will help make the new meme popular.
Another 20 billion tokens (20%) will be reserved in the project’s treasury, with the money being used to support the long-term growth of Shifu by funding any future developments.
Finally, 15% of the supply, that is 15 billion tokens, will be made available for a public presale. This will allow all interested investors to purchase Shifu before it is launched on the market.
As just described, the Shifu token will be initially distributed not only to the Shiba community but also to all investors who will participate in the public presale.
Anyone will have the opportunity to purchase Shifu at an initial market cap of 2.25 million dollars (575 ETH), with a FDV cap of 15 million (3830 ETH).
To participate, it is sufficient to send a minimum of 0.1 ETH (there is no maximum cap) to the following address: 0x0Ec5b7fe8F8f13C57daCf2B617Deff1640911516
Only transfers from DEX wallets, such as MetaMask and Rabby, will be accepted, while those coming from CEX will be discarded and sent back.
15% of the supply is openly sold in this phase, with 100% of the funds being used for liquidity purposes.
The official launch is expected in the coming days. The presale ends today at 15:00 UTC.
The Shifu team explained that in case of overwrites, the tokens will be adjusted proportionally and the excesses will be refunded.
At this moment, the cap set at 575 ETH has already been significantly exceeded, as over 2,220 ETH have been deposited.
Indicatively, the participants in the presale will purchase the Shifu token at an FDV of 60 million dollars.
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Tomarket, a prominent Telegram-based crypto game, is rolling out its TOMA token on The Open Network (TON) with a series of airdrop events planned for its player base.
The token is expected to begin trading on Dec. 20, following its initial airdrop event which occurred on Oct. 31.
The airdrop is divided into three phases, with 80% of the total token allocation designated for players. The first phase revealed 30% of the tokens on Oct. 31, while another 30% will be disclosed before the listing date.
To be eligible for the airdrop, players must complete several tasks, including adding a tomato emoji to their Telegram display name, reaching Bronze (L4) level in the game, connecting a TON wallet, and joining the Tomarket Announcement community channel.
Eligible players will reportedly claim their tokens through the Tomarket mini app on Telegram and can choose to withdraw them to their wallets.
However, only those who purchase the premium medal are promised full access to their TOMA allocation at launch. Non-buyers may receive a portion of their tokens initially, with the rest vesting over time.
I'm just your average dog… Only decentralized; also… I'm not your average dog.
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Opinion | I Was a Health Insurance Executive. What I Saw Made Me Quit.  The New York Times
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By Merrill Goozner
Dec. 18, 2024
Goozner is the former editor-in-chief and columnist at Modern Healthcare.
Online vitriol isn’t pretty. But the mass schadenfreude that greeted the assassination of United Healthcare CEO Brian Thompson, while cruel and inappropriate, did succeed in drawing attention to growing rage over the nation’s private health insurance system.
Consumers are angry because the premiums for their health insurance are too high. Patients are angry because they pay too much out-of-pocket for health care when they use their insurance. Both patients and their doctors are angry when they are denied services by a distant bureaucrat working for a health insurer.  
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Among all advanced industrial countries, the U.S. goes furthest in using premiums, copays, and deductibles to influence access to care. Proponents argue that making patients have more “skin in the game” incentivizes them to stop purchasing unnecessary care and lower overall health care spending.
It has never worked. Studies have repeatedly shown that patients respond to high out-of-pocket costs by avoiding necessary and unnecessary care in equal measure. Avoiding necessary care is one reason why the U.S. has worse health outcomes than many nations that spend much less on health.
It is time to put an end to this failed experiment. If we want a humane health care system that delivers better outcomes, we must design payment policies that serve patients, not the insurance industry.
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Where to start? Government must set a hard cap on the share of household income that can be spent on premiums, copays, and deductibles in any given year. This simple, easily enacted reform will make using health insurance affordable and put an end to medical debt.
To pay for this reform, payers in both the public and private sectors must change how they reimburse hospitals and doctors. The current system is almost entirely fee-for-service. It needs to change to guaranteed annual budgets for hospitals and physician practices with strict rules governing what services must be delivered.
Meeting patient needs while staying within a budget can only be achieved if providers control the purse strings. Surely a country that spends 50% more than any other on health can meet every citizen’s health care needs if providers have the flexibility to efficiently allocate resources.
Under guaranteed budgets, hospital systems and physician practices will be able to redirect personnel and financial support toward primary care, prevention, and addressing patients’ social needs, which will hold down costs. It also gives providers the power to drive down prices, both internally (by eliminating administrative waste and better use of personnel) and from external suppliers like the drug, device, test and imaging equipment makers. The Veterans Administration, which operates the nation’s largest health care system, operates within a guaranteed annual budget.
Under the current system, most hospitals, physicians, and their suppliers (including drugmakers) receive a payment for every service or product they deliver. Like any piecework system, the more they deliver and the higher the price, the more they make.
Conversely, insurers are incentivized to deny care under fee-for-service medicine. The less they allow, the more they make. The easiest way to pad profits is to hold down utilization through tactics like prior authorization.
The irony is that insurers are already paid a lump sum for each enrollee by employers, Medicare and Medicaid (more than half of Medicare and nearly three-quarters of Medicaid beneficiaries are now in insurer-run plans). This system gives control of the money to the wrong party.
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Giving hospitals and doctors the power to determine how our health care dollars get spent is not single payer. Both government programs and private insurers will contribute to the annual budgets, whose growth can be adjusted by state or federal regulators for inflation, demographic changes, emergency health challenges like pandemics, and new technology.
Unacceptably high out-of-pocket costs are not a new problem. When Medicare was created in 1965 to cover the elderly, experts warned the high deductibles for hospital coverage and the premiums and copays for physician coverage would force beneficiaries to self-ration care. “Those can be fixed,” President Lyndon B. Johnson said, “once it sinks in that Medicare is here to stay.”
Unfortunately, the government never addressed the problem. Instead, it allowed the insurance industry (with a big assist from AARP, the nation’s largest senior citizen lobby) to sell supplemental plans to cover out-of-pocket costs. Eventually, nearly three quarters of seniors in the program purchased such coverage either directly or through their former employer’s retirement plan.
However, as rising health care costs drove supplemental plan premiums skyward, a growing share of seniors opted for insurer-run Medicare Advantage plans, which promised additional benefits and low or no upfront premiums. Today, over half of seniors are in insurer-run plans, which are highly profitable because the government pays insurers more than if those beneficiaries had remained in traditional Medicare.
Cost-conscious seniors opting into Medicare Advantage rarely consider the downsides until they get seriously ill. Those can include large copays for some drugs, tests, and procedures; narrow provider networks; delayed care through prior authorization; and outright denials, which even when medically rational (many aren’t, driven by algorithms rather than an objective review of need) are rarely explained to beneficiaries.
Many employers are deploying similar tactics to limit their exposure to rising health care costs for the 180 million lives they cover. In 2006, only 10% of workers with employer-provided insurance were enrolled in high-deductible plans. Today, that number is more than 40%.
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The individual plans sold on the exchanges fell into a similar trap. Nearly half the 16.1 million people who signed up for Obamacare plans in 2024 chose bronze plans because of their low upfront premiums. However, they only cover about 70% of total health care costs. Another 7 million bought silver plans (80% coverage). Both groups can get socked with big copays and deductibles when they require health care.
The net result is escalating out-of-pocket costs for millions of the insured; the emotional devastation of having to deal with huge bills when seriously ill; and escalating medical debt.
The “skin in the game” experiment has failed to achieve its primary raison d’être. Over the past two decades, it has not prevented health care spending from growing at the same rate or faster than the rest of the economy. For patients’ sake, it needs to stop.
Merrill Goozner is the former editor-in-chief and columnist at Modern Healthcare. He now publishes GoozNews.
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At the moment, you cannot sell Pi coins on Binance or some other cryptocurrency exchange, like you would Bitcoin or Ethereum, for instance. However, that doesn’t mean that you are completely out of luck when it comes to selling your Pi coins. You can try peer-to-peer methods, spend your PI directly at merchants that accept PI, and more.
Pi Network is a popular cryptocurrency project that allows users to mine Pi coins for free with their mobile devices. The nature of the project means that millions of users have mined a considerable number of Pi coins and are now wondering where to sell them.
In this article, we are going to list different ways to sell the Pi coin in 2024 and provide our opinion on which methods are the safest and which methods you should avoid if you don’t want to get scammed. In the meantime, you can open an account on Binance, which will probably be among the first exchanges to list the Pi coin once it finally starts trading.
Create Binance Account
You can sell your Pi coins to interested buyers both online and offline. The peer-to-peer method allows you to come to an agreement about the price and payment method that will be used when selling PI. It is worth noting that the P2P approach is the oldest method of trading cryptocurrency. When Bitcoin was just starting out, and there were no crypto exchanges around, users would sell BTC via PayPal or some other payment service with no involvement of any third party.
However, P2P is just one method for selling PI. In the following sections, we will examine several different ways of selling Pi coins.
Trade Pi Coin on BitMart
The Pi Network blockchain is not yet publicly available on mainnet. However, some exchanges are currently offering Pi Network IOUs.
Since Pi Network’s mainnet is still closed (or rather, “enclosed”) and the exact launch date for the open mainnet is still unknown, there’s currently no PI currently trading on crypto exchanges (except for PI IOUs, but we’ll get to that later). That means that there’s very limited price discovery, and no one really knows how much a single PI coin is worth – it could be 1 cent, $1, or even $100. The point is that no one knows.
For that reason, there are countless users on social media platforms who claim they are willing to buy PI at different rates. Of course, there are also those who are willing to buy PI in person. Let’s see how the two P2P methods compare:
Since Pi Network’s mainnet is not yet live, most P2P crypto exchanges currently don’t give users the ability to buy or sell Pi
Another way to gain exposure to Pi Network’s price is to trade IOUs on supported exchanges. IOUs are essentially informal agreements acknowledging debt. Once Pi starts trading, you’ll probably be able to exchange IOUs for real Pi coins.
It is important to understand that IOUs don’t necessarily reflect the price a cryptocurrency will have at launch, which is why holding them until the cryptocurrency actually launches can be very risky.

It is also worth noting that Pi coin IOUs are not real Pi coins. However, they can serve as a great way to provide insight into Pi coin’s price potential. At the time of writing, Pi coin IOUs on Huobi and Bitmart are changing hands at around $63, up around 79% over the past three months. The rise in price is likely a result of the broader crypto bull market, as well as speculation about a potential release of the Pi Network open mainnet in 2024.
If you want to see how the price of Pi coin IOUs might perform in the future based on technical indicators and past market data, feel free to check our Pi Network price prediction.
If you have a bunch of Pi coins sitting in your wallet and you don’t like other selling methods, you might want to consider spending your PI directly on products and services at supported merchants. There are some businesses that accept PI for different products and services, from selling silver in exchange for PI to accepting PI in exchange for gaming items. There was even a case of a car that was sold for PI, according to the Pi Core team’s X (formerly Twitter) account.
Recently, the Pi Network team organized an event called PiFest, in which users were encouraged to spend their Pi coins at local businesses that accept the cryptocurrency. The team launched an app called the Map of Pi to help users find merchants that accept Pi. 
Pioneers, PiFest starts today and goes on from Oct 29 to Nov 5. Visit and shop at local Pi-Powered businesses using Pi, and share your experiences on Fireside Forum and social media. Use the Map of Pi app to find participating Pi merchants near you. Participate in PiFest… pic.twitter.com/OhKFHaMJwu
While the final option might not be what you want to hear, the reality is that you’d probably be best served to wait for the official launch of the Pi Network open mainnet. It is widely believed that the Pi coin will be listed on cryptocurrency exchange once the mainnet is open. When (if?) that happens, PI will be traded like any other coin or token, meaning that you won’t have to worry about potentially getting scammed or getting a bad deal on your coins.
Recently, the team has increased their efforts in trying to attract new developers to the network, which some people in the community see as a sign that the company is ramping up for the open launch of the mainnet. 
In December of 2023, the Pi Network team said that 3 main conditions will need to be satisfied before Pi transitions to its Open Network phase, but didn’t provide any specific dates. Here are the conditions provided by the team:
As of May 2024, the Pi Network team claimed that 11.1 million Pi users completed the KYC process and 5.58 million users migrated over to the mainnet. This is the most recent information about Pi user figures that we have been able to find. 
The network has reached over 11.1 million KYC’d Pioneers and over 5.58 million Mainnet Migrated Pioneers! Check out the full update in the app. Complete your Mainnet Checklist to join the millions of Pioneers already on the Mainnet! pic.twitter.com/goAJruZpsY
If you are wondering how to sell your Pi coins before the open mainnet launch, please keep in mind that virtually every option available at the moment involves a high degree of risk. Since the only real way to sell PI is peer-to-peer, you’ll have to trust the person who is buying your Pi coins to keep their end of the deal. If they don’t, there’s pretty much nothing you can do, and you’ll end up without your coins.
It is worth pointing out that the delays in the launch of the open mainnet have drawn a lot of attention and criticism from the Pi community over the past couple of months, with some users claiming that the Pi team never intends to release the full version of its network, essentially questioning Pi Network’s legitimacy. According to the most recent announcements, the Pi Network team is aiming to launch the open mainnet sometime in 2024.
Jon is a senior writer at CoinCodex, specializing in blockchain and traditional finance. With a background in Economics, he offers in-depth analysis and insights into cryptocurrency trends and the evolving financial landscape. Jon’s articles provide clarity on complex topics, making him a valuable resource for both crypto enthusiasts and finance professionals.
Peter has been covering the cryptocurrency and blockchain space since 2017, when he first discovered Bitcoin and Ethereum. Peter’s main crypto interests are censorship-resistance, privacy and zero-knowledge tech, although he covers a broad range of crypto-related topics. He is also interested in NFTs as a unique digital medium, especially in the context of generative art.
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Orange County Commission voted Tuesday to directly pay the upcoming payroll for the elections office employee a day after Christmas since elections supervisor Glen Gilzean’s bank account has a $800,000 deficit.
“We’re going to do the right thing by employees. That’s the bottom line here,” Orange County Mayor Jerry Demings said.
In court and public meetings, the Orange County government is openly feuding with Gilzean over allegations of mismanagement and misspending. The Orange County Commission voted earlier this month to withhold Gilzean’s December budget payment but agreed Tuesday to pay Gilzean’s $250,000 payroll to payroll company ADP.
Gilzean did not attend Tuesday’s meeting but said on X after the vote that he was glad for the county’s vote.
“Today was a win for the Supervisor of Elections office,” wrote Gilzean, who is suing to fight for his December budget payment. “Unfortunately, our office was put in this position due to lies told by the Mayor & an astonishing misunderstanding of elections by the Comptroller. We will continue to fight in court and shine a light on the laws the county broke to score cheap political points using taxpayer dollars.”
The saga of Gilzean’s final weeks in office started when Orange County officials discovered the elections supervisor spent $2.1 million on student scholarships at Valencia College — an inappropriate use of taxpayer money for a department focused on running elections, Demings charged.
From there, officials learned more about Gilzean’s projects, including $1.9 million on career center training (which the center later returned) and, most recently, nearly $1.1 million to the Central Florida Foundation for administrative and consulting services.
“Plaintiff’s self-imposed dilemma has a simple solution: rescind the $1.1 million contract with Central Florida Foundation and utilize those funds to pay SOE employees on Dec. 26, 2024,” Orange County said in a court filing Tuesday.
Orange Comptroller Phil Diamond accused Gilzean of breaking the law this week by spending 51% of his fiscal year budget in 2.5 months.
“We’re in uncharted waters,” Diamond said Tuesday about the situation and Gilzean’s red deficit in the bank account.
Orange County Commissioner Nicole Wilson expressed frustrations about some of Diamond’s findings, including Gilzean writing a $45,000 check to the Orlando Regional Realtors Association and paying video production companies instead of making his payroll.
Diamond’s office described Gilzean’s books as having some expenses in the wrong fiscal year or some checks written but not immediately sent, adding to Orange County’s confusion as the Comptroller investigates the situation.
Meanwhile, Gilzean sued Dec. 5 and accused the county of illegally withholding his December budget payment. He blamed the county and Diamond for his inability to pay his employees and vendors.
The two sides are due in court on Wednesday because Gilzean wants to speed up his lawsuit before his term ends.
Gilzean, appointed this year by Gov. Ron DeSantis, didn’t run for a full term, so the next elections chief, Karen Castor Dentel, will be sworn in on Jan. 7.
Gilzean has defended his taxpayer-funded scholarships and career training, arguing he is thinking outside the box to solve the community’s problems of low voter turnout and support his office’s temp workers after their contracts recently ended.
Gabrielle Russon is an award-winning journalist based in Orlando. She covered the business of theme parks for the Orlando Sentinel. Her previous newspaper stops include the Sarasota Herald-Tribune, Toledo Blade, Kalamazoo Gazette and Elkhart Truth as well as an internship covering the nation’s capital for the Chicago Tribune. For fun, she runs marathons. She gets her training from chasing a toddler around. Contact her at [email protected] or on Twitter @GabrielleRusson .
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Photo Credit: Pixabay/ Sergei Tokmakov
The current crypto market cap has reached $3.62 trillion
The overall crypto market witnessed price correction across most cryptocurrencies over the last 24 hours. Bitcoin on Wednesday, December 18 registered a loss of 2.60 percent to trade at $103,740 (roughly Rs. 88 lakh) on foreign exchanges. Earlier in the day, Bitcoin had surged to a new all-time high of over $108,200 (roughly Rs. 91.8 lakh) before retreating to its current level. The price correction impacted Bitcoin on Indian platforms as well, such as CoinDCX and CoinSwitch, where it was trading at $103,701 (roughly Rs. 88.6 lakh) at the time of writing.
“Bitcoin recently surged to $108,260 (roughly Rs. 91.9 lakh) on Tuesday, representing an increasingly strong institutional interest. The market’s strong fundamentals include persistent demand from spot Bitcoin ETFs and tight supply,” Avinash Shekhar, Co-Founder and CEO, Pi42 told Gadgets360. “The most important thing for Bitcoin now is to hold above $102,000 (roughly Rs. 86.6 lakh) support, since a break below could set off a liquidity crunch and holding above could signal more upside.”
Ether saw a price drop of 4.25 percent over the last day on global exchanges. At present, ETH is trading at $3,841 (roughly Rs. 3.26 lakh) on foreign exchanges, showed CoinMarketCap. As per Indian exchanges, ETH value dropped by 4.88 percent bringing its price to $3,839 (roughly Rs. 3.26 lakh).
“Ethereum is in the consolidation phase right now but can mimic the rally of Bitcoin as the investors sentiments are bullish for Ethereum, as short positions are being liquidated all over the board. Ethereum gets a boost from its history of lagging and then catching up to Bitcoin’s momentum,” Shekhar added.
As shown by the crypto price tracker by Gadgets 360 – most altcoins are trading in the reds indicating losses on Wednesday.
Tether, Binance Coin, Dogecoin, Cardano, Tron, Avalanche, and Chainlink saw losses.
Shiba Inu, Polkadot, Bitcoin Cash, Near Protocol, and Cronos also registered price dips on Wednesday.
The overall valuation of the crypto sector tumbled by 2.77 percent in the last 24 hours. The present market cap of the sector has reached $3.62 trillion (roughly Rs. 3,07,42,307 crore), showed CoinMarketCap. Bitcoin’s dominance on the market stands at 56.65 percent.
Market experts anticipate a more favorable regulatory environment for cryptocurrencies in the near future.
“The crypto market has shown encouraging signs as US lawmakers have pledged to advance digital asset legislation, a long-awaited move for the sector. Key members, including the new Senate Banking Chair, have referred to crypto as the ‘next wonder’ of the world, signaling a strong commitment to regulatory clarity. This positive momentum reflects growing institutional interest and a favorable political environment for cryptocurrencies,” Shivam Thakral, CEO of BuyUcoin told Gadgets 360.
Meanwhile Ripple, Solana, Stellar, Uniswap, Litecoin, and Iota recorded minor profits on Wednesday.
Industry insiders have said that investors should remain cautious but optimistic about navigating their way out of macroeconomic uncertainties in the coming days.
Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 
Cryptocurrency Prices across Indian exchanges
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Elon Musk is making yet another business move and this time he’s reimagining what education in the U.S. could be.
The multi-billionaire has started funding Ad Astra, a Montessori private preschool, outside Bastrop, Texas, recently state-issued documents show.
The preschool will be located on 40 acres of land and a 4,000-square-foot home will be remodeled for the project, according to Texas Health and Human Services documents obtained by Bloomberg.
ELON MUSK PLANNING STEM-FOCUSED SCHOOL, UNIVERSITY IN TEXAS
Recently state-issued documents show that multi-billionaire Elon Musk has begun funding a Montessori private school named Ad Astra outside Bastrop, Texas. (Ad Astra Website)
Ad Astra’s website says it will be "centered around hands-on, project-based learning, where children are encouraged to explore, experiment, and discover solutions to real-world problems. Ad Astra offers a progressive learning environment that emphasizes the integration of Science, Technology, Engineering, and Mathematics (STEM) into its curriculum."
The initial permit shows that the school can educate up to 21 students, but the website lists the population as 18 students from ages 3 to 6 and 30 students between ages 6 and 9.
SpaceX and Tesla founder Elon Musk speaks during an America PAC town hall on Oct. 26 in Lancaster, Pennsylvania. (Samuel Corum/Getty Images / Getty Images)
Ad Astra’s website explains that it is currently open to all children ages 3 to 9 and there are job postings for assistant teachers of all levels.
The cost of tuition will be subsidized initially, according to Ad Astra’s website, but eventually "tuition will be in line with local private schools that include an extended day program."
EDUCATION IN AMERICA: PUTTING PARENTS IN THE DRIVER'S SEAT
Tesla CEO Elon Musk speaks at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand opening party on April 7, 2022, in Austin, Texas. (SUZANNE CORDEIRO/AFP via Getty Images / Getty Images)
The website describes the curriculum as being "carefully sequenced and activity-based" aimed at allowing children to develop essential skills and problem-solving techniques "at their own pace."
"This unique approach prepares children for, and ultimately mastery of, reading, writing and mathematics," the website says.
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This is not the first mention of Musk’s interest in starting a school. Last year, his foundation set aside approximately $100 million to create a technology-focused primary and secondary school in Austin and a possible university.

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