Moonshot AI, a Beijing startup, launched the Kimi K3 AI model with 2.8 trillion parameters, outperforming top US AI systems and offering open access. This surprise release caused a selloff in global tech stocks, including Nvidia and Intel, and led to a drop in Bitcoin. The model's open-weight design challenges US firms' proprietary models and signals increased competition and cost efficiency in AI development. Moonshot's rapid growth and $20 billion valuation highlight China's rising influence in the AI race.
Bitcoin is approaching a key resistance level at $66,000, with net inflows to Bitcoin ETFs surging to $850 million in the first week of August, five times July's total. This increased demand could help Bitcoin break past this ceiling, potentially tri...
Bitcoin is trading near $64,900, consolidating between strong resistance at $69,000-$70,000 and critical support around $57,000. Analysts note Bitcoin is following a bear-market pattern similar to 2022, where failure to hold $57,000 could lead to dee...
Bitcoin balances on major exchanges saw a daily net outflow of about 1,466 BTC, while weekly and monthly inflows remained positive, indicating short-term repositioning rather than a broad market shift. Binance trading volumes across Asia, Europe, and...
Bitcoin price hovered near $65,000 but failed to sustain above this level, facing resistance from sellers around the $67,523 short-term holder cost basis. This cost basis represents the average price paid by holders of coins less than 155 days old, c...
Bitcoin is trading near $64,925, pressed against the upper half of a two-month range with critical resistance at $67,073. A daily close above $67,073 would signal a breakout, potentially pushing Bitcoin toward $74,000, the next major resistance. Conv...
