xAI closed a $20B Series E to expand Colossus compute and scale Grok products 
across , Tesla, and enterprise apps.
The post xAI raises $20B Series E to scale Grok and build world’s largest AI 
infrastructure appeared first on Crypto Briefing.

xAI raises $20B Series E to scale Grok and build world’s largest AI infrastructure

The former CFTC commissioner and Donald Trump’s first pick to chair the agency 
will join investment company SUI Group&#8217;s board and support the company’s 
treasury strategy.

Brian Quintenz joins SUI Group board after CFTC nomination pulled

The crypto market pulled back on Tuesday after weeks of gains, with total 
market capitalization slipping to $3.2 trillion as Bitcoin fell roughly 2.3% 
to around $92,000.

Crypto market is down today (Jan. 6) yet risk-on sentiment spreads

Bitcoin’s liquidation map is still heavily biased toward a downside liquidity 
sweet, but a swift rally to $100,000 could quickly turn the tables in the 
bulls’ favor.

Bitcoin liquidation data point to ‘absurd’ potential rally to $100K: Analyst

A prominent crypto commentator known as Mason Versluis has issued a notable 
warning for XRP investors, pointing out that parts of the discussion around 
XRP to lofty price targets as high as $10,000 have drifted far away from 
reality and risk misleading investors. Pundit Pushes Back Against $10,000 XRP 
Predictions Bullish price predictions around XRP have been arriving at an 
unusually fast pace in recent months, especially as spot exchange-traded funds 
and institutional participation are now a major part of investor 
conversations. Related Reading: The Great XRP Exodus: Here’s How Much Is Left 
On Crypto Exchanges Social media platforms are now filled with increasingly 
high targets, ranging from triple-digit valuations to extreme calls for four- 
figure and even five-figure prices at $10,000. Just a few years ago, you would 
not have believed such XRP price predictions would be as rampant as this. In a 
recent video clip circulating across the crypto community, Mason Versluis 
delivered an unusually blunt assessment of the $10,000 predictions for the 
altcoin. He dismissed the figure outright, noting that such price targets 
should not even be part of current conversations. According to Versluis, 
anyone aggressively promoting those numbers is doing investors a disservice 
and misleading them. His argument is based on the fact that XRP has yet to 
demonstrate the ability to break above far lower price levels, making five- 
digit projections detached from present conditions. A closer look at XRP’s 
circulating supply explains why the $10,000 prediction raises doubts. XRP 
currently has a circulating supply of about 66 billion tokens with a market 
cap of $141.9 billion. Therefore, calculations based on the current 
circulating supply would imply a market cap of roughly $660 trillion if the 
altcoin reaches $10,000, which is far greater than the current top 100 assets 
by market cap combined. To put this in context, gold currently has a market 
cap of about $31 trillion. The most realistic way that the token might reach 
$10,000 is for the circulating supply to decrease significantly. Bullish Bias 
Exists, But Built Around Progression According to Versias, XRP reaching 
$10,000 is not outright impossible. However, the world has only seen roughly 
2% of the changes that would be required for XRP to approach a $10,000 
valuation. Related Reading: Here’s How Much The XRP Price Will Be If It 
Overtakes Ethereum In Market Cap XRP has not even reached $10, let alone 
maintained it. In order for any outstanding price levels to become a reality, 
XRP would first need to break above double digits $10, and hold above. From 
here, discussions about $50, $100, or higher only become meaningful after XRP 
proves strength at each preceding level. Despite the criticism, Versluis made 
it clear that his outlook on XRP is not bearish. He acknowledged that his 
stance has grown increasingly optimistic due to developments such as ETF 
momentum, DeFi activity, and institutional engagement surrounding XRP and the 
XRP ledger, continuing to improve. Featured image from Adobe Stock, chart from 
Tradingview.com

Cryptocurrency price in SAR