DeepSnitch AI and Sony Bank Stir Crypto Markets with Bold Moves
Investor attention is pivoting toward emerging ICO projects like DeepSnitch AI, which leverages artificial intelligence to transform market data into actionable insights. The project has already attracted $420,000 in token purchases, with backers touting its potential for 500x growth. Meanwhile, institutional momentum builds as Sony Bank's U.S. subsidiary, Connectia Trust, applies for a national crypto banking charter to issue dollar-pegged stablecoins and custody services.
The DeFi sector's expansion continues drawing traditional finance players, with Sony's proposed stablecoin venture positioning it alongside regulated crypto banking aspirants like Coinbase and Paxos. This dual narrative of retail speculation on AI-driven tokens and institutional infrastructure development underscores the market's maturation.
