Binance co-founder Changpeng Zhao highlighted the difference between Bitcoin and artificial intelligence (AI) as investment themes, stating Bitcoin protects against inflation while AI offers growth without that hedge. Despite crypto capital shifting toward AI, Bitcoin recovered above $65,000 after softer US inflation data eased rate hike fears. Zhao noted that AI investments compete with crypto for capital, but macroeconomic factors like monetary policy and global liquidity remain key drivers for Bitcoin's price. The debate underscores that Bitcoin and AI serve different investor needs rather than being direct substitutes.
Bitcoin fell to about $63,500 following a U.S. inflation report that matched expectations, easing concerns about immediate Federal Reserve rate hikes but failing to spark a strong crypto rally. The inflation data showed a 0.1% monthly rise and 3.4% a...
Binance Coin (BNB) increased by 2.91% on August 11, with spot trading volume on Binance jumping 61.49% to 142.49k BNB. The price rally originated from the $600 level, coinciding with a cryptic teaser from Binance hinting at a potential integration wi...
A report claiming Binance Charity donated $650,000 in USDT for Colombia earthquake relief has been found unverified and lacks documentation. The earthquake, a magnitude 7.4 event on August 10, 2026, caused significant casualties and damage. While Bin...
Bitcoin's 90-day correlation with gold has surged from -0.9 to +0.7 due to fiscal and geopolitical risks, signaling a return of its 'digital gold' status. Meanwhile, Shiba Inu (SHIB) whale wallets have dropped to just 0.04% of holders, though they st...
Bitcoin hovered around $63,700 to $64,215 amid cautious trading ahead of the U.S. July inflation report. Large holders, or whales, accumulated 46,420 BTC, the biggest 60-day increase since March, while smaller holders sold about 9,700 BTC. Spot Bitco...
