Ethereum's price action is capturing the attention of investors. As the year 2025 begins, Ethereum has witnessed a remarkable surge in stablecoin inflows. This comes as Ethereum co-founder Vitalik Buterin advocates for defense strategies against AI risks,
The Ethereum network saw a stunning $1.11 billion increase in stablecoins over just seven days, according to data by LookOnChain. Second on the list is Solana with $202.13 million, while TON came in third place with $202 million.
This boost in liquidity has translated into positive price momentum in ETH. At the time of publication, the token traded at $3,689 after a 1.6% and 11% rise in the past day and week, respectively. Ether currently trades at an important price resistance level.
In the past 7 days, stablecoins(USDT&USDC) on #Ethereum increased by $1.11B, and stablecoins(USDT&USDC) on #Solana increased by $202.13M.https://t.co/MmejJTKE7z pic.twitter.com/dvxReLDhiH
— Lookonchain (@lookonchain) January 6, 2025
Key Price Levels
According to TradingView data, to the upside, the price could face resistance at $4,003. However, with a failure to sustain an upward momentum, the nearest support level is at $3,444. Technical analysis supports this bullish sentiment, as Ethereum's price has remained resilient above key moving averages, including the 50 and 200 moving averages.
If Ethereum can maintain this bullish sentiment and overcome the $4K resistance, the next few months could be crucial in confirming whether the digital asset will push to new highs.
Meanwhile, as artificial intelligence (AI) evolves, the prospect of superintelligent systems capable of surpassing human control looms large. Buterin, recognizing the potential dangers, recently outlined a strategy that emphasizes decentralization and democratic safeguards to prevent AI from spiraling into an existential threat.
In his latest blog post, Buterin called for a balanced approach that accelerates defensive technologies while ensuring transparency and accountability through regulation.
Buterin's post delves into the dual challenge of rapidly advancing technology while mitigating its risks. He highlights the urgency of preparing for a future where AI might become superintelligent in as little as five years.
Ethereum Co-Founder's Proposal about AI
His proposal includes building technology that safeguards humanity without assuming that “the good guys” will always be in control. A central component of Buterin's defense strategy is the idea of “decentralized and democratic differential defensive acceleration,” or d/acc.
This approach focuses on empowering individuals rather than centralized authorities to control vital resources, ensuring that AI development doesn't fall under the sway of governments or corporations with potentially harmful agendas.
d/acc: one year laterhttps://t.co/pM3eVtJ1BU
— vitalik.eth (@VitalikButerin) January 5, 2025
While he acknowledges challenges in regulating open-source systems or military applications, Buterin maintains that accountability is a necessary mechanism to ensure responsible AI development.
A more radical proposal from Buterin suggests a “global soft pause” on AI development, specifically targeting industrial-scale computing hardware used to train superintelligent models.
This article was written by Jared Kirui at www.financemagnates.com.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments