Bitcoin and major cryptocurrencies dropped after Beijing-based Moonshot AI released Kimi K3, a free, open-weight AI coding model that outperformed Anthropic's Claude and OpenAI's GPT on a key coding benchmark. This challenges the belief that advanced AI remains scarce, expensive, and U.S.-controlled, causing a selloff in AI and semiconductor stocks. Bitcoin now moves closely with AI infrastructure sentiment, as miners pivot to AI data center roles. The full Kimi K3 model will be publicly available on July 27, potentially disrupting AI capital demand and impacting crypto valuations tied to AI growth.
Bitcoin's circulating supply has reached about 20.07 million coins, leaving roughly 929,465 BTC yet to be mined under its 21 million cap. Due to programmed halving events every four years, the block reward halves, slowing new coin issuance until it e...
SK Hynix has approved a $38 billion investment to build new memory fabrication plants. However, these new fabs are not expected to produce any chips before December 2028, indicating a long-term expansion plan. This move highlights SK Hynix's commitme...
The Valkyrie Bitcoin Miners ETF (WGMI) has risen 97% over the past year despite bitcoin falling 46%, due to its holdings shifting from traditional bitcoin mining to AI leasing deals. Companies like Riot, Core Scientific, and IREN have signed multi-bi...
Roman Storm, co-founder of Tornado Cash, contested his 2025 conviction for conspiracy to operate an unlicensed money-transmitting business by highlighting the widespread misuse of AI tools like ChatGPT and Google Gemini by sanctioned actors. He argue...
Tether completed a clean audit of its 2025 financials by KPMG, easing concerns about its reserves. An Ethereum wallet moved 2,680 ETH after 11 years, highlighting old investors' activity. Bitcoin could drop to $50,000 before rising to $1 million, acc...
