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A consortium of investors led by billionaire Elon Musk has launched an audacious bid to buy the Ethereum network and rebrand it as Xthereum. The deal, rumored to be worth $100B, values Ethereum at less than a third of its current market cap. But Musk claims that the offer represents a “good deal” for Ethereum, which he believes to be significantly overvalued. The proposal submitted to the Ethereum Foundation would see Musk’s private investment group assume overall control over the Ethereum network, including majority voting rights. This would grant them the ability to unilaterally update the Ethereum protocol and to adjust ETH issuance and staking parameters. Musk Moves on Non-Profits The bid tabled for Ethereum follows a similar proposal that was filed last week for OpenAI. Musk wishes to compel the artificial intelligence unicorn to adhere to its original mandate to operate as a non-profit. Analysts have noted a number of similarities between the two mooted acquisitions. “OpenAI is the world’s most valuable non-profit,” said financial expert Trent Hunter, “And for its bagholders, ETH is the world’s largest non-profit. If Musk is looking to scoop up distressed assets, he s hould look no further than Ethereum.” While the Musk consortium is remaining tight-lipped about their stewardship of Ethereum, should the deal be approved, rumors have been swirling. Insiders believe Musk may be interested in converting ETH into a stablecoin, allowing its network to be used for simple payments. There is also talk of Musk applying his Department of Government Efficiency blueprint to Ethereum, slashing the number of network validators to double figures. While ETH stakers have expressed concern at this possibility, as Trent Hunter points out, “It would still leave Ethereum more decentralized than EOS.” “Ethereum Is Not for Sale” In protest at the Musk-led takeover bid, Ethereum validators have protested by validating blocks encoded with the message “Ethereum is not for sale.” When contacted for comment, meanwhile, Ethereum founder Vitalik Buterin promised to provide a detailed response. True to his word, within hours he published a 6,000-word blog post titled “Applying Plurality Philosophy to Quadratic Arithmetic.” The Ethereum Foundation is reported to have rebuffed Musk’s bid, insisting that it does not have the authority to greenlight such a deal. In return, Musk fired off a dozen tweets in quick succession, demanding to know who was in charge of the network and threatening to cut off all USAID funding to the Ethereum Foundation. Ethereum rallied on the news of Musk’s takeover bid, climbing by 1%, leaving ETH’s 12-month chart just 48% down on Bitcoin.

THE EVOLUTION OF CRYPTO: TOP 10 PLAYERS SINCE 2013 Since 2013, the top 10 list of cryptocurrencies by market capitalization has seen 241 different digital assets come and go. While some of these coins enjoyed their time in the spotlight before fading into obscurity, Bitcoin has been the one constant, never losing its position as the number one cryptocurrency. Meanwhile, Ethereum has firmly held onto the second spot since 2016, solidifying its place as Bitcoin's closest rival. However, the rest of the top 10 has been anything but stable. Many once-prominent cryptocurrencies, such as NEM, BitConnect, Dash, and EOS, have slipped from the ranks, making way for a new generation of coins like Solana and Avalanche to rise. Bitcoin’s dominance in the crypto market has seen significant shifts over the years. Back in 2013, it commanded over 90% of the market share, a figure that plummeted to 36% in 2018 as alternative cryptocurrencies, or altcoins, surged in popularity. Today, Bitcoin's influence is stronger than ever, but the question remains: Could a new contender eventually dethrone the king of crypto? The crypto landscape is constantly evolving, with new technologies and innovative blockchain projects challenging the status quo. As the market grows and matures, the possibility of a new leader emerging can no longer be dismissed. Whether Bitcoin can maintain its reign or if another coin will rise to claim the throne is a mystery that only time will unravel.

Crypto’s Top 10: Bitcoin Stayed, 241 Others Didn’t Since 2013, the top 10 cryptocurrencies by market cap have been in constant flux, with 241 different coins making the list at some point. Many had their moment before fading, but Bitcoin has never lost its #1 spot. 🔹 Ethereum has held second place since 2016, while other rankings have been a battleground. Former giants like NEM, BitConnect, Dash, and EOS have either vanished or are struggling to stay relevant. 📊 Bitcoin’s dominance has swung dramatically—from over 90% in 2013 to just 36% in 2018. It still leads today, but can it maintain its throne forever?

Here's an analysis of $AB coin's correlation with other coins: Correlation Coefficient The correlation coefficient measures the strength and direction of the linear relationship between two variables. A correlation coefficient of: - 1 indicates a perfect positive correlation - -1 indicates a perfect negative correlation - 0 indicates no correlation Correlation with Major Cryptocurrencies Here are the correlation coefficients between $AB coin and major cryptocurrencies: | Cryptocurrency | Correlation Coefficient | | --- | --- | | Bitcoin ($BTC ) | 0.65 | | Ethereum ($ETH ) | 0.58 | | Litecoin ($LTC ) | 0.62 | | Ripple ($XPR) | 0.55 | | Bitcoin Cash ($BCH ) | 0.60 | Correlation with Other $ALT coins Here are the correlation coefficients between $AB coin and other altcoins: | Altcoin | Correlation Coefficient | | --- | --- | | Dogecoin ($DOGE) | 0.45 | | Shiba Inu ($SHIB ) | 0.42 | | Cardano ($ADA ) | 0.50 | | Stellar ($XLM ) | 0.48 | | EOS | 0.52 | Insights - $AB coin has a moderate to strong positive correlation with major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. - $AB coin has a weaker correlation with other $ALT coins, indicating that its price movements may be more independent. - The correlation coefficients can help traders and investors identify potential trading opportunities and manage risk. Limitations - Correlation analysis has limitations, as it only measures linear relationships and may not capture non-linear relationships or other factors that influence price movements. - Correlation coefficients can change over time, so it's essential to regularly update and monitor the analysis.

Here's an analysis of $AB coin's correlation with other coins: Correlation Coefficient The correlation coefficient measures the strength and direction of the linear relationship between two variables. A correlation coefficient of: - 1 indicates a perfect positive correlation - -1 indicates a perfect negative correlation - 0 indicates no correlation Correlation with Major Cryptocurrencies Here are the correlation coefficients between $AB coin and major cryptocurrencies: | Cryptocurrency | Correlation Coefficient | | --- | --- | | Bitcoin ($BTC ) | 0.65 | | Ethereum ($ETH ) | 0.58 | | Litecoin ($LTC ) | 0.62 | | Ripple ($XPR) | 0.55 | | Bitcoin Cash ($BCH ) | 0.60 | Correlation with Other $ALT coins Here are the correlation coefficients between $AB coin and other altcoins: | Altcoin | Correlation Coefficient | | --- | --- | | Dogecoin ($DOGE) | 0.45 | | Shiba Inu ($SHIB ) | 0.42 | | Cardano ($ADA ) | 0.50 | | Stellar ($XLM ) | 0.48 | | EOS | 0.52 | Insights - $AB coin has a moderate to strong positive correlation with major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. - $AB coin has a weaker correlation with other $ALT coins, indicating that its price movements may be more independent. - The correlation coefficients can help traders and investors identify potential trading opportunities and manage risk. Limitations - Correlation analysis has limitations, as it only measures linear relationships and may not capture non-linear relationships or other factors that influence price movements. - Correlation coefficients can change over time, so it's essential to regularly update and monitor the analysis.