Bitcoin climbed above $64,000, marking the only major cryptocurrency with a notable daily gain while others slipped or stayed flat. Publicly listed bitcoin miners have reduced their computing power by 21% over three quarters to shift capacity towards AI infrastructure, reflecting weak mining economics and competition for resources. Venice, an AI platform, reported over $100 million in annualized revenue, boosting its VVV token by 10%. Meanwhile, oil prices surged above $91 a barrel amid geopolitical tensions, adding inflation concerns that pressured bonds and stocks. Bitcoin remains stuck between $62,000 and $65,000, with sellers controlling medium- and long-term trends until it breaks this range.
The U.S. Consumer Price Index (CPI) for August rose 3.4% year-over-year, matching expectations, with core CPI at its lowest since 2021. This inflation data led to a Bitcoin price rebound above $78,000, alongside gains in Ethereum and Solana. Despite ...
On September 8, XRP spot ETFs attracted approximately $1.55 million in net inflows, making it the only cryptocurrency ETF to record daily gains. In contrast, ETFs for Bitcoin, Ethereum, Solana, and Hyperliquid experienced net withdrawals on the same ...
Cryptocurrency prices are fluctuating with Bitcoin dropping 1.04% to $76,945 and Ethereum slightly down by 0.14% to $2,454.48. Several altcoins like ZEC and BCH experienced notable declines, while a few tokens such as MORPHO and RAY posted gains. Thi...
A collaborative research project involving over 100 participants and AI agents has reduced the quantum resources required for a key arithmetic step in attacking Bitcoin and Ethereum's elliptic-curve signatures by 86%. The study focused on reversible ...
Global bond yields have surged, with the US 10-year yield nearing 5% and the UK 10-year yield heading toward 6%, signaling economic stress. This rise in yields has weighed on Bitcoin, pushing its price down to $76,500. Bitcoin is currently bouncing w...
