Bitcoin has fallen about 25% recently, dropping from around $82,000 to the $60,000-$62,000 range. Michael Saylor, executive chairman of Strategy, attributes this decline to a major capital shift driven by roughly $400 billion in AI infrastructure funding and blockbuster IPOs from companies like SpaceX, OpenAI, and Anthropic. These mega-IPOs are pulling institutional money away from liquid assets such as Bitcoin as banks push these deals aggressively. Saylor views this as a temporary liquidity event rather than a fundamental problem for Bitcoin, expecting institutional interest to return once the IPO frenzy subsides.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
