APENFT price

The launch of Bitcoin in 2009 created a resilient and decentralized monetary asset. Early adherents rallied around it as a singular innovation — immutable, fixed-supply, and leaderless. Over time, this coalesced into a belief system: Bitcoin maximalism. The argument was simple. Bitcoin came first. It had the most Proof-of-Work security. The most conservative monetary policy. All other assets were distractions or regressions. But that framing increasingly diverges from how Bitcoin is now being applied in practice. Interoperability Becomes the New Norm Today, the crypto ecosystem is no longer a collection of isolated silos or, at least, it needn’t be. Interoperability is the backbone of Web3. The same technologies that maximalists once dismissed, like wrapped bitcoin and cross-chain bridges, are now exposing the limitations of that worldview. While these technologies are far from perfect, they prove that users want more than ideological purity; they want utility and functionality. This evolution is particularly significant for Bitcoin, which has historically been limited by its transaction speeds and a lack of smart contract functionality. The watershed moment came with the emergence and explosive growth of DeFi, offering yield farming, lending, and trading opportunities that Bitcoin — at least in its native form — couldn’t directly participate in (most early DeFi activity was concentrated on Ethereum). To bridge this gap, solutions like wrapped Bitcoin (WBTC) were conceived and launched, tokenizing BTC for use on Ethereum and other chains. While this was a step forward, wrapped tokens came with associated risks, such as centralized custodians, potential security vulnerabilities and an overall departure from Bitcoin’s trustless ethos. New systems, including trust-minimized tunneling and Bitcoin-anchored consensus proofs, are enabling BTC to be integrated into smart contract environments without compromising its core properties. These architectures avoid the need for wrapping. Instead, they treat Bitcoin as a foundational, external settlement layer that can interact directly with the rest of the blockchain ecosystem — through tunneling and specialized Bitcoin-aware virtual machines. The result is simple: Bitcoin is no longer isolated. And it no longer needs to be. Maximalism vs. Infrastructure Bitcoin maximalism asserts that BTC alone is sufficient. But the infrastructure now being deployed across the ecosystem proves otherwise. BTC is being used in DeFi. BTC is supporting NFT standards. BTC is moving across chains. And it is doing so without compromising its consensus layer or monetary properties. The future of crypto belongs to collaboration, not isolation. Blockchain infrastructure will be shaped by interoperability and modular design. Bitcoin need not compete for dominance in such an ecosystem; rather, it can complement and secure a broader multi-chain ecosystem. As developers build bridges between chains rather than walls, they prove that Bitcoin can coexist with other networks, enhancing its utility instead of competing for dominance. In this environment, the maximalist mentality of “one coin to rule them all” already feels out of touch. Regular crypto users want flexibility and different options to stake, lend, or trade their assets across multiple platforms, which interoperability enables — unlike Bitcoin maximalism that restricts all out-of-the-box use cases. As multi-chain ecosystems mature, users are increasingly drawn to infrastructure that supports cross-chain utility, including secure integrations of BTC. Finally, Bitcoin maximalism has always been rooted mostly in ideology — but the crypto industry is driven by innovation, and new technologies are proving that BTC can evolve without losing its importance or advantages. This way, maximalists risk being left behind if they dismiss these advancements as mere “distractions.” The Core of A Multi-Chain Stack Bitcoin continues to serve as the most secure and censorship-resistant settlement network in the world. That is not changing. What is changing is the environment around it. Decentralized systems are growing more interoperable. The expectation that networks will remain isolated is no longer viable. BTC is becoming a core layer in a multi-chain stack, and more integrated into systems it once stood apart from. Where once Bitcoin maximalism offered clarity during crypto’s early phases of growth, the ecosystem has evolved. Today, Bitcoin can serve as a cornerstone in a broader system emphasizing security, interconnectivity, and composability. As this trend continues to gain momentum, Bitcoin maximalism may fade because the idea that one coin must dominate all others ignores the power of collaboration and innovation. Interoperability isn’t a threat to Bitcoin — it’s a catalyst for growth. The future of crypto isn’t about choosing a single winner but rather about building a decentralized world where every chain, including Bitcoin, plays a vital role. The decentralized future will rely on systems that are secure, interoperable, and modular. Bitcoin’s role as a resilient base layer ensures that it will persist as an integral component of that future, not as the only chain, but a fundamental cornerstone among others.

Crypto wallet infrastructure company Turnkey has raised $30 million in Series B funding led by Bain Capital Crypto, Fortune reported on Monday. Turnkey, which was co-founded by former Coinbase employees Bryce Ferguson and Jack Kearney, aims to help developers build user-friendly wallets using application programming interfaces (APIs). This can help wallets become more streamlined and easy to use, Ferguson said. “We’re moving from this world of these slow, clunky systems that were designed for buying and holding crypto to very high throughput, machine-based transactions,” he said, according to Fortune's report. The company counts prediction market platform Polymarket, non-fungible token (NFT) marketplace Magic Eden and Stripe-owned stablecoin firm Bridge among its clients. The funding also included contributions from Lightsped Faction and Galaxy Ventures, who led Turnkey's $15 million Series A in April 2024. Turnkey will use its new capital to grows its headcount, which currently sits at 35 employees. Principally, Turnkey is looking to expand its engineering team, according to the report. The company did not immediately respond to CoinDesk's request for further comment.

Avalanche’s native token AVAX surged more than 6% in the last 24 hours, outpacing the broader crypto market as measured by the CoinDesk 20 (CD20) index, which rose 0.8% in the same period. AVAX’s price may have rebounded from political jitters and moved on the back of major developments in real-world asset (RWA) tokenization and institutional adoption. The token climbed from a low of $19.37 to $20.96, recovering from a wider market sell-off triggered by growing tensions between U.S. President Donald Trump and Tesla CEO Elon Musk earlier this week, which saw the former threaten to terminate government contracts for the latter, who in turn accused the president of being implicated in the Jeffrey Epstein files. The token rebounded after showing multiple signs of bullish momentum, according to CoinDesk’s Research's technical analysis data model, which shows AVAX established a strong footing around $19.40 that was confirmed by volume exceeding the 24-hour simple moving average. Volume further rose around the time of AVAX’s breakout last the $20 mark, showing strength in the move. The token has now formed short-term resistance near $21 and support at $20.81, the model shows. But the stronger-than-average rebound may not just be technical. Last month, FIFA announced it chose Avalanche to power its FIFA blockchain network, with plans to migrate its existing non-fungible token (NFT) collection from Algorand and Polygon into the new network and to build out new fan experiences. Institutional momentum added another leg. Asset manager VanEck is expected to roll out a $100 million PurposeBuilt Fund this month after first announcing it on May 21, focused exclusively on projects within the Avalanche ecosystem. The fund will back tokens and businesses in gaming, finance, and AI, while deploying idle capital into on-chain real-world asset products like tokenized money markets. The price still faces technical resistance near $24.80, but the combination of institutional activity, on-chain RWA growth, and network usage from high-profile partners like FIFA could help AVAX stay ahead of broader market volatility through June. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

The family of U.S. President Donald Trump has allegedly sent a cease-and-desist letter to two entities behind a forthcoming — and already heavily disputed — Trump-branded crypto wallet, according to a Thursday report from Bloomberg. Since the announcement of the so-called $TRUMP Wallet (named for the President’s eponymous memecoin) earlier this week, Trump’s three sons — Don Jr., Eric, and Barron — have all publicly repudiated the project, saying that neither the Trump family nor its firm, the Trump Organization, is connected to or otherwise authorized the $TRUMP Wallet. “This project is not authorized by @Trump,” Eric Trump wrote in an X post. “I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.” While Trump’s sons were distancing themselves from the allegedly unauthorized crypto wallet on social media, lawyers for World Liberty Financial — one of the Trump family-linked crypto ventures, which is currently at work on its own crypto wallet — were, according to Bloomberg, drafting cease-and-desist letters to the two firms responsible for the project: non-fungible token (NFT) marketplace Magic Eden and GetTrumpMemes.com, the website behind the $TRUMP memecoin. Bill Zanker, a long-time Trump associate, owns GetTrumpMemes.com through his Florida-based LLC, Fight Fight Fight. According to data from blockchain analytics firm Chainalysis, the creators of the $TRUMP memecoin netted $320 million in fees, while the majority of retail traders lost money. Though the Trump family has worked with Zanker and his companies on crypto ventures before — including four of Trump’s NFT launches before his re-election and the recent, controversial dinner for top holders of the $TRUMP memecoin — the decades-old relationship appears to have soured. CoinDesk reached out to Magic Eden, the Trump Organization, and World Liberty Financial for comment.

Imagine a future where AI agents—like little digital robots can: - Communicate with your crypto wallet - Move money around - Hunt for the best DeFi opportunities - Team up with other agents to make smart decisions on your behalf That's the world of #AiFi (Artificial Intelligence + Finance). Two big players in this space are: > @TheoriqAI > @MagicNewton They're both aiming for the same goal: a future where AI and crypto are seamlessly integrated. However, their approaches are entirely different. What They Have in Common ? Before diving into what sets them apart, let's explore their shared beliefs: - Both agree that AI agents will significantly impact how we use crypto. - Both want these agents to operate directly on the blockchain (onchain). Think of it like Iron Man suits for your crypto wallet. Cool, right? > @TheoriqAI — The Brainy Builder What is it? @TheoriqAI focuses on creating an “operating system” for AI agents, similar to Windows or macOS, but tailored for agents in crypto. Who is it for? - Developers - Researchers - Protocol builders Not your average crypto user—this is for those interested in building the tools. Key Ideas: OLP Swarm: A system where AI agents collaborate, share ideas, and make decisions together. Not every agent should work alone: Some need to seek help, delegate tasks, or follow a larger plan. Modular Design: Combine agent abilities like Lego blocks to suit your needs. @MagicNewton — The Cool, User-Friendly One What is it? @MagicNewton is creating a friendly AI assistant that resides in your wallet to help you accomplish tasks. Who is it for? - Everyday crypto users - DeFi enthusiasts - Anyone seeking a smart, easy way to navigate crypto Key Features: - Prompt-to-action: Type something like “Find the best yield for ETH,” and the agent handles it for you. - Sleek design: Features include NFTs, a chat interface, and a smooth UX—built to go viral. - Universal compatibility: Functions as an AI remote for any chain or dApp. Analogy: > Imagine ChatGPT meets Robinhood meets MetaMask—but smarter. The Endgame (They Both Aim for This) Despite taking different paths, both aim for the same destination: - A world of smart, autonomous AI agents - Agents that manage crypto, earn yield, and automate tasks - Everything is logged and secured on-chain. Final Thoughts Here's how to view it: > @TheoriqAI is constructing the infrastructure—pipes, roads, and rules—for a future AI city, focusing on long-term development. > @MagicNewton is introducing the first cutting-edge self-driving car to that city, making it fun and accessible for all. Both are crucial. One delves into deep tech; the other into viral tech. Together, they are shaping one of the most exciting showdowns in the AI and crypto world. 》Tagging chads bullish on this 🔻 ▪︎ @mamecoines ▪︎ @RiddlerNFT ▪︎ @Seymirel ▪︎ @Alex_Houseof308 ▪︎ @Cyber_Warriorr ▪︎ @erequendiweb3 ▪︎ @teddi_speaks ▪︎ @mayormaxi10 ▪︎ @Defibecc ▪︎ @CryptoGideon_ ▪︎ @FortKnoxCrypto ▪︎ @TweetByGerald ▪︎ @Notyourmatek ▪︎ @Kaffchad ▪︎ @CryptoISFreedom ▪︎ @FabiusDefi ▪︎ @0xRed_Panda ▪︎ @Nick_Researcher ▪︎ @_ifycalex ▪︎ @ViktorDefi ▪︎ @eli5_defi