Crypto News
Meta Breaks Up AI Lab as Part of Superintelligence Push
The shake-up follows Meta’s $14 billion investment in Scale AI and aggressive hiring spree earlier this year.Source link
Crypto ETFs Snap Winning Streak With $319 Million in Outflows
Bitcoin ETFs lost $122 million and ether ETFs lost $197 million on Monday, ending their inflow streaks. Heavy redemptions in Blackrock’s funds and Ark 21Shares drove the pullback, with no ETH ETFs recording inflows. Market Pause: Crypto ETFs See Heavy Outflows After Record-Breaking Run The exchange-traded fund (ETF) rally that had defined crypto markets overSource link
Strategy Tumbles to 4-Month Low as Crypto Stocks, Digital Asset Treasuries Sink
Crypto-related stocks tumbled on Tuesday in a broad-market crypto slide that brought bitcoin (BTC) down to $113,000.Strategy (MSTR), the largest corporate owner of BTC, closed the session 7.8% down at $336, at its weakest price since April 22.Ethereum (ETH) treasury firms SharpLink Gaming (SBET) and BitMine (BMNR) lost 8%-9%, while Solana-focused accumulators DeFi Development (DFDV) and Upexi (UPXI) plunged 13.7% and 9%, respectively.Digital asset investment firm Galaxy (GLXY) slid 10%, while Robinhood (HOOD) sank 6.5% and Coinbase (COIN) fell 5.8%. BTC miner MARA Holdings (MARA) declined nearly 6%, while some high-flying HPC names like Bitdeer (BTDR), IREN (IREN) and Hut 8 (HUT) plummeted nearly 10%.Risk appetite quickly evaporated this week as traders anticipate Fed Chair Jerome Powell's Friday speech at...
Trump Family-Backed Thumzup to Acquire Dogecoin Mining Company
Thumzup is planning to acquire Dogehash in an all-stock deal that is expected to close later this year. Source link
Dogecoin and XRP Are Bleeding: Where’s the Bottom?
Are markets taking a breather after a hot summer or are we entering trend reversal territory? Here's what the charts suggest.Source link