Three new exchange-traded funds (ETFs) managed by an AI algorithm called BAILA have been registered with the SEC. The flagship fund, trading as HIAI, adjusts stock exposure based on market conditions, aiming to outperform the S&P 500 with 20-40 US stocks. While marketed as highly intelligent and data-driven, the prospectus warns that performance depends on data quality and that AI use does not guarantee better returns or lower risk. The funds include a crypto-focused ETF with offshore exposure and less regulatory protection. Investors should carefully review the detailed risks and understand that human oversight remains part of the investment process.
The Ethereum MEV bot jaredfromsubway.eth, known for sandwich attacks that profit from front-running trades, was exploited to lose over $7.5 million. An attacker tricked the bot into approving fake trading routes and malicious contracts mimicking popu...
Pump.fun's new GO bounty feature has paid over $370,000 for tasks ranging from charity work to extreme stunts like forehead tattoos and quitting jobs on camera. Critics warn that crypto rewards may pressure vulnerable users into unsafe or degrading a...
BlackRock's iShares Bitcoin Trust (IBIT) ETF, launched in January 2024, has attracted $48 billion in assets and over 765,000 BTC, with 75% of its investors being first-time ETF buyers. This product is blending traditional finance with crypto, drawing...
Polygon's network activity surged to nearly 8 million daily transactions, the highest this month, supporting a 5% price gain for POL. The altcoin broke above a key resistance at $0.08135, driven by increased whale buying and rising liquidity. With st...
Anthony Scaramucci, founder of SkyBridge Capital, remains confident in Bitcoin despite its recent sharp correction. He highlights five reasons for his bullish stance: Bitcoin's role as a hedge against currency debasement, its fixed supply enforced by...
