Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million
About $800 million in leveraged positions were wiped out over 24 hours, 86% of them bullish. Chipstock contracts on crypto exchanges took a chunk of the…
Bitcoin rebounds above $83,000 as it decouples from tumbling Korean stocks and Nasdaq futures
Bitcoin climbed back above $83,000 after an early dip, decoupling from a sharp slide in Korean chip stocks and weakness in Nasdaq futures ahead of Thursday’s…
South Korea moves to block 27 crypto websites, including KuCoin, MEXC
Authorities said the restrictions are aimed at unregistered exchanges and have acknowledged that customers could have difficulty withdrawing assets.…
Meta launches Muse Wonder AI models, challenging top rivals
Meta cofounder Mark Zuckerberg said its newest models are a step toward “personal superintelligence.” Source：Cointelegraph
FTX’s crypto mining venture is now used to advance AI
The defunct exchange acquired a 20% stake in Genesis Digital Assets before FTX declared bankruptcy in November 2022. Source：Cointelegraph
Why Ciena, Lumentum and other optical stocks were among the market’s biggest losers on Monday
The sharp moves could partly be a reaction to recent cautious commentary on AI spending. Source：MarketWatch
Meta is back on the AI leaderboard with its new family of Wonder models
The company’s stock was up more than 3% following the release of Muse Wonder and Muse Wonder Full, which analysts expect to drive new business opportunities.…
Crypto PACs report $2.7M spending blitz on House races as midterms loom
With just 22 days until the US midterm elections, a cryptoaligned committee has announced another major ad expenditure to support “procrypto” candidates in…
US accounting overhaul could make stablecoins more attractive to corporations: Tempo
A Tempo report examines how proposed US accounting rules could change corporate stablecoin holdings, with direct redemption rights determining which tokens…
Trump’s ‘energy ceasefire’ collides with real-world problems of dwindling fuel supplies
Oil markets were struggling on Monday to gauge how President Donald Trump’s new declaration of an “energy ceasefire” between Russia and Ukraine might help…
Bitcoin miners face widening AI financing costs as lenders scrutinize deals
The Bitcoin mining industry needs roughly $50 billion to complete planned AI infrastructure projects, with IREN, Riot Platforms and HIVE Digital facing major…
These stocks could be the future winners — and losers — of a massive shift in IT spending
As more money flows toward AI software offerings, Salesforce could deepen its customer relationships while Adobe looks vulnerable, analysts say.…