Crypto investors had hoped that increased institutional adoption and a crypto-friendly administration could help the largest cryptocurrency avoid the painful cycles it once experienced.
Shares of some AI-infrastructure companies were under pressure Wednesday morning, after Bloomberg reported that Meta is developing a cloud-computing business to sell excess artificial-intelligence capacity. Investors were concerned that the major buyer of AI infrastructure could become a competitor
Strategy’s stock slid Monday after the company disclosed a rare bitcoin sale, rattling investors who have long treated the company as a one-way bet on the cryptocurrency.
Semiconductor stocks have become an unusually large force in the U.S. stock market, underscoring how much of the latest rally in indexes like the S&P 500 has been powered by the artificial-intelligence trade.
Strategy has sold more common stock to buy bitcoin, and Executive Chair Michael Saylor has posted a video on X in which he raps about using the “equity ATM” in an effort to hurt those who bet against the company and bitcoin.
J.P. Morgan’s blockchain unit, Kinexys, in collaboration with Mastercard, Ripple and Ondo Finance, said it has completed the first near-real-time, cross-border and cross-bank redemption of a tokenized U.S. Treasury fund.
Artificial intelligence may be one of the most crowded trades in financial markets right now — but bitcoin, which is currently mired in a bear market, could be a cheaper way to play the AI boom.
Bitcoin on Tuesday tested a key level that has blocked gains for months, as technical analysts watched for signs that the cryptocurrency may finally be ready to break out.