Binance links Bitcoin weakness to AI boom
Bitcoin’s recent decline may be driven more by investor enthusiasm for a handful of booming US equity sectors than by problems within the cryptocurrency market itself, according to Binance Research.
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Bitcoin’s recent decline may be driven more by investor enthusiasm for a handful of booming US equity sectors than by problems within the cryptocurrency market itself, according to Binance Research.
The third-heaviest weighed company on the Taiwan stock exchange has flagged incoming power crunch and key components shortage amid rising demand of AI servers in the current geopolitical scenario.
Former US Secretary of State Mike Pompeo outlines mounting geopolitical risks, cautioning about the outlook of the Iran war, the evolving dynamics of US-China relations and the broader challenges facing American foreign policy. He speaks with Haslinda Amin from the sidelines of 'Nomura Investment Forum Asia' in Singapore.
Cardano-focused analytics platform TapTools will begin winding down operations over the next two weeks after the departure of five senior executives made continued operations unsustainable.
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.
SpaceX is planning to set the terms of its initial public offering as early as Wednesday afternoon, according to people familiar with the matter. Separately, a report by Reuters said Elon Musk's rocket launch, satellite and AI company aims to sell 555.6 million shares at $135 apiece for its record-breaking $75 billion listing. Bloomberg's Danny Lee has more.
A Kenyan high court instructed the authorities to disclose details of an agreement with the US government to establish an Ebola quarantine facility in the East African nation. The latest outbreak of Ebola has been concentrated in northeastern Democratic Republic of Congo and been declared a global emergency by the World Health Organization. Bloomberg's Jennifer Zabasajja reports.
The US is proposing new tariffs of at least 10% on imports from 60 trading partners following an investigation into goods allegedly produced by forced labor, as President Donald Trump seeks to rebuild the sweeping tariff wall struck down by the US Supreme Court. Bloomberg's Ros Mathieson reports.
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.
Artificial intelligence-powered robots are becoming more capable, but researchers say they remain years away from replacing humans across most workplaces because they cannot yet reliably adapt to changing environments.
The US is proposing tariffs of at least 10% on imports from most major trading partners after an investigation into alleged forced labor. Mike Pompeo, former US state secretary, offers his view as investors also parse the latest development.
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