The concern extends to banks. Van der Chijs believes AI could expose vulnerabilities in legacy banking software, threatening confidence in institutions that depend on interconnected systems. Within crypto, he sees exchanges and other businesses built around bitcoin as more vulnerable than the underlying network. His concerns have not displaced an expansive view of AI’s economic […]
U.S. diesel prices have surged to an all‑time high, marking the latest flare‑up in a broader energy shock that is reigniting inflation fears across global markets. The national average price for a gallon of diesel hit a record $6.29 this week, up nearly 80% year to date, according to TradingView. Bitcoin is down nearly 12% […]
According to Brooks, the primary narrative is not today’s anticipated rate hike, but rather the additional policy tightening expected later this year. Warsh may therefore struggle to deliver a message that aligns with the aggressive pricing currently seen in the markets. “Tomorrow’s Fed meeting is a nightmare for Warsh. There’s no way he can live […]
Banking giant UBS, with over $7 trillion in assets under management, has reported a more than 24-fold quarterly increase in call option exposure tied to BlackRock’s iShares Bitcoin Trust (IBIT) in the second quarter. That increase, which gives it the right to acquire IBIT shares at a later date at a set price, came as […]
Gabe Selby, head of research at CF Benchmarks, told CoinDesk that bitcoin moves hardest when inflation data forces a rethink on rates, gaining an average 3.25% across the three occasions in the past nine releases when inflation came in below expectations. A downside surprise on July 14 was followed by a 4.24% rally. “An in-line […]
CoreWeave surged 16% after hours on stronger-than-expected sales growth, and Super Micro Computer rose almost 8% on a revenue forecast above estimates, lifting Nasdaq 100 futures. Oil kept climbing. Brent rose over 1% to $90 a barrel, a sixth straight session of gains and its longest run since April, with traders still doubtful about a […]
That makes $70,000 the next area to watch, another round number with the 200-day moving average sitting nearby. Clearing it would put bitcoin above the range where buyers and sellers fought through March and April, a move Kuptsikevich said would shift sentiment meaningfully. Traders are not there yet. The crypto sentiment index sits at 30, […]
Bitcoin rose above $65,000 on Monday, up nearly 3% over the week, with July inflation data due Wednesday at 8:30 a.m. ET after Friday’s weak jobs report eased worries the Federal Reserve would need to raise rates. Ether traded near $1,919 and is also up almost 3% on the week. BNB gained 0.3% to $603 […]
Bitcoin has reached block 961,632, triggering the long-awaited mandatory signaling period for BIP-110, a controversial proposal designed to temporarily curb non-financial data from being embedded on the network. The proposal entered the signaling phase at around 19:35 UTC on Saturday, with support from miners seldom exceeding 2.5%, a long way short of the 55% mark […]
The exploit, which researchers say stemmed from a flaw in the wallet’s firmware, has resulted in at least 1,816 bitcoin, worth about $114 million, being drained from more than 5,200 addresses since July 30, underscoring the risks even self-custodied assets face when wallet security is compromised. FRNT Financial echoed that view, saying the exploit exposed […]
SpaceX (SPCX), Elon Musk’s space technology company, reported its first quarterly results as a public company on Tuesday, announcing second-quarter revenue of $7.8 billion. That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to $541 million as growth accelerated across its launch, Starlink and AI businesses. The company reported a […]
Matt Prusak, president and interim chief financial officer of Trump-linked bitcoin miner American Bitcoin (ABTC), is leaving the company to join AI and energy infrastructure developer Giga Energy, marking another senior executive move toward the power sector that is increasingly underpinning both bitcoin BTC$63,824.22 mining and artificial intelligence. Prusak said he will step down from […]