Crypto News
Bitcoin Rangebound as Market Ignores Good News in ‘Textbook Late Cycle Behavior’
Bitcoin trades in a tight range despite bullish catalysts, as analysts warn of late-cycle fatigue and rising risks.Source link
From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble
During its annual Q2 earnings call, Meta CEO Mark Zuckerberg doubled down on AI, chasing superintelligence for everyone.Source link
Ripple: Tokenized Assets to Approach $19T by 2033—90% of Finance Leaders See Massive Blockchain Impact
A new Ripple report reveals global banks are rapidly shifting to blockchain, forecasting a $19 trillion tokenized asset explosion as finance braces for its digital future. $19T in Tokenized Assets Coming? Ripple Says Financial Rails Are Already Shifting Ripple, CB Insights, and the UK Centre for Blockchain Technologies released a report on July 30 examiningSource link
Asia Morning Briefing: MSFT, Meta Soar on Strong AI Earnings, But Crypto AI Tokens Fail to...
Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.Artificial Intelligence (AI) majors are slightly down despite blockbuster earnings by tech giants Microsoft (MSFT) and Meta, which cited their respective AI efforts as a catalyst for beating earnings.Microsoft’s cloud revenue jumped 27% to $46.7 billion, with Azure crossing $75 billion annually as demand for AI workloads pushed datacenter capacity past two gigawatts. Meta, meanwhile, reported a 22% year-over-year revenue increase to $47.5 billion, with a 43% operating margin, as AI-powered ad models lifted conversions by up to...
US Exchanges Ask SEC to Consider Rule Change to Speed Up Crypto ETFs
Cboe and NYSE Arca have filed proposals that would allow exchanges to list crypto ETFs in a similar way to existing standards in TradFi.Source link