Crypto becomes contrarian bet as AI steals spotlight
Cryptocurrencies are increasingly becoming a contrarian investment as institutional capital flows toward artificial intelligence stocks, according to Bitwise chief investment officer Matt Hougan.
Cryptocurrencies are increasingly becoming a contrarian investment as institutional capital flows toward artificial intelligence stocks, according to Bitwise chief investment officer Matt Hougan.
Bitcoin treasury firm Strive has expanded its holdings to 19,000 Bitcoin worth approximately $1.3 billion while unveiling plans to increase its capital issuance programme by $4.2 billion.
New York’s top crypto regulator and the European Banking Authority have agreed to coordinate oversight of stablecoins, marking a significant step toward cross-border supervision of the fast-growing digital asset sector.
Ethereum could be poised to outperform Bitcoin after Strategy’s first Bitcoin sale since 2022 highlighted advantages in Ethereum’s staking-based treasury model, according to Standard Chartered.
Paris-based crypto data platform Kaiko has acquired US digital asset data provider Amberdata to expand its institutional-grade crypto analytics offering as demand for market, derivatives and onchain data continues to rise.
Privacy-focused blockchain protocol Zama said it will accelerate its compliance roadmap after a US court lifted a temporary freeze on approximately $12.5 million in USDC held within its confidential USDC smart contract.
Bittensor co-founder Ala Shaabana said decentralised networks are becoming a dominant force in global computing, arguing that Bitcoin demonstrates the power of incentive-driven systems to coordinate massive amounts of hardware worldwide.
Movement said it has secured access to licensed payment infrastructure across the United States, Canada and the European Union as it expands its stablecoin payments and cross-border settlement business.
Crossmint has launched a new API that enables AI agents to make purchases using eligible Visa credit and debit cards, extending payment capabilities for autonomous software beyond cryptocurrency-based transactions.
Global insurance broker and risk advisory firm WTW has acquired crypto insurance platform Redefind and launched a digital asset protection service aimed at helping clients recover stolen or lost cryptocurrency.
Defunct cryptocurrency exchange Mt. Gox moved approximately 10,306 Bitcoin worth $739 million on Tuesday, marking its first significant onchain transaction in more than two months.
Monthly inflows into digital asset treasury companies dropped to $180 million in May, marking the lowest level since October 2024 and signalling a significant slowdown in investor appetite for crypto treasury strategies.