Market News

US eyes trillions in crypto via 401(k)s as Bitcoin breaks 200-week EMA. Geopolitical fears boost USD, impacting risk assets.

Bitcoin’s hashrate dropped 4% last quarter, its first negative growth in 6 years, as miners pivot to AI. Asian operations are leading this hardware repurposing.

Asian firms are navigating the complexities of AI infrastructure costs and geopolitical risks impacting oil prices, while the crypto market experiences significant leverage liquidations.

International oil prices surged past $100/barrel as US Republicans introduced the ‘Mined in America Act,’ signaling a strategic shift towards Bitcoin mining and reserves.

The Iran conflict’s fallout is severely impacting South Korea’s manufacturing sector, with energy supply chain disruptions and soaring fuel costs posing significant risks.

Over $335 million in crypto leverage was liquidated, with over 40% of altcoins near all-time lows, as US politicians voice concerns over prediction market insider trading.

Bernstein sees crypto equities near a bottom while US ETFs bleed funds, but Upbit’s revenue drop signals Asian market cooling.

Bitcoin’s geopolitical rally is scrutinized by Asian traders amidst ETF outflows and significant DeFi developments like Aave V4.

Champions Oncology achieves record $16.6M revenue, advancing AI precision oncology, while Solana shows rebound signs above $84 with increased trading volume.

Bitcoin defended the $65,200 mark despite escalating Middle East tensions, sparking debate about a ‘geopolitical floor’.