AI Tokens Jump on Irrational Euphoria as Musk’s X Corp Reveals xAI Shareholding
Developments in key artificial intelligence (AI) companies sometimes drive gains in AI-focused tokens as traders bet on the long-term growth of such tokens.
Bitcoin Held in Exchange Wallets Rising at Pace of $1.16B a Month, Data Show
The inflow comes as bitcoin has gained 7% this month, extending October’s 28% rally.
Javier Milei Wins Argentine Presidency; Bitcoin Gains Nearly 3%
The self-described anarcho-capitalist has been supportive of bitcoin, calling it “the return of money to its original creator, the private sector.”
Fidelity Wants to Create an Ether ETF, Joining BlackRock in Doubling Down on Crypto
Fidelity, BlackRock and other financial firms want to list BTC and ETH ETFs, which could make it easier for investors to invest in crypto.
OpenAI Ousts Sam Altman From CEO and Board Roles; Worldcoin Drops 12%
The board said it “no longer has confidence in [Altman’s] ability to continue leading” the company.
SEC Delays Decision on Global X Spot Bitcoin ETF
The move was expected and isn’t having any immediate effect on the bitcoin price.
Jump Trading, Wormhole Part Ways Amid Tough Crypto Market: Bloomberg
Although Jump has been scaling back its crypto-related operations, the reason for the business’ parting of ways remains unclear, Bloomberg reported.
CBDCs Like a Digital Dollar Face Doubts Without Privacy Protections, Key Organization Finds
A Bank for International Settlements, or BIS, study found that privacy increases participants’ willingness to use a CBDC by up to 60% when purchasing privacy-sensitive products.
Republic’s Profit-Sharing Token on Avalanche Will Pay Investors VC Dividends
The latest entrant to crypto’s RWA craze gives upside on Republic’s venture portfolio.
More Bitcoin ETF Rejections ‘Quite Likely,’ BitGo’s Belshe Says
Belshe says the SEC could reject ETF applications until exchanges and custody separate out.