Ripple, Dogecoin Lead Crypto Carnage as Major Tokens Plunge 50% in Market Meltdown
Digital assets face brutal reckoning as established cryptocurrencies tumble dramatically
Bloodbath on the Blockchain
The cryptocurrency market experienced one of its most severe corrections in recent memory, with flagship tokens including Ripple and Dogecoin leading the downward spiral. Trading screens flashed red across global exchanges as panic selling gripped investors.
Perfect Storm of Pressure
Multiple factors converged to trigger the massive sell-off—regulatory uncertainty, leveraged position liquidations, and institutional profit-taking created a cascade effect that wiped billions from market capitalization in hours. The 50% plunge represents one of the steepest single-day declines since the 2021 crypto winter.
Contagion Spreads Rapidly
What began as isolated selling pressure in major altcoins quickly infected the broader market. Trading volumes surged to annual highs as both retail and institutional participants scrambled to exit positions. Margin calls echoed through trading desks worldwide.
Another day, another reminder that in crypto, your portfolio can go from 'digital gold' to digital dust faster than you can say 'decentralized finance'—proving once again that the only thing more volatile than the prices might be investor sentiment itself.
Apple eyes Prompt’s tech for home automation
Seemour, the flagship app of Prompt AI, is certainly central to Apple’s attention. The app integrates with home security cameras and utilizes a sophisticated computer vision system to recognize specific individuals, pets, vehicles, and objects. It can send alerts, text messages, or answer users’ questions about what has been happening in front of the camera — a development that suggests a conversational interface for home monitoring.
However, while a technical success, the prompt AI failed to find a sustainable business model. At a town hall meeting, Xiao reportedly informed staff that the app and all user data WOULD be deleted to safeguard privacy. This aligns with Apple’s robust stance on privacy, making them a well-matched partner on a cultural and ethical level.
Industry watchers believe that Apple will utilize Prompt’s technology for its HomeKit platform — the one behind devices such as light bulbs, thermostats, and security systems that run on Siri. That could potentially transform HomeKit from a largely reactive automation system into an intelligent home assistant that is responsive and intuitive — one capable of observing real-world activity and responding instantly to it.
Apple has historically been acquisitive of small AI and vision startups, usually to integrate their work into forthcoming products. In 2020, it bought Xnor. AI, a startup that does edge AI processing, which later helped improve Apple’s on-device image recognition features.
Apple’s subtle AI strategy gains focus
Indeed, unlike rivals such as Google, Microsoft, and Meta, Apple has steered clear of splashy AI-focused purchases. And while it has made large acquisitions before, its biggest-ever deal is still the purchase of Beats Electronics for $3 billion in 2014. Rather, Apple has shown a preference for “acquihires” — strategic and tactical acquisitions made to soak up specialized talent and proprietary technology.
Some analysts argue that this cautious approach has hindered Apple’s outward progress in generative AI. And its new “Apple Intelligence” suite — intended to deliver personalized, on-device AI functions to iPhones and Macs — has seen delays in rolling out and mixed early reviews. Apple’s stock is down just 2% this year, after being left behind by most major tech indices and competitors that have adopted their belief in AI.
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