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View More NewsBitcoin climbed above $61,000 on Thursday, up about 4.1% over 24 hours, per CoinDesk data, its firmest footing so far this week after a sell-off sent the asset to as low as $58,200 earlier.The lift came from the Federal Reserve. Chair Kevin Warsh told the European Central Bank’s forum in Sintra, Portugal, that inflation risks had come down, his first notably softer comment since a hawkish June rate outlook set off weeks of outflows from U.S. bitcoin exchange-traded funds. The move stood out because it came against a rough day for tech. South Korea’s Kospi index fell 7.9% on Thursday…
The downgrade marks a sharp reversal from Citi’s previous outlook, which assumed passage of U.S. digital asset market structure legislation would spur adoption among financial advisors and traditional investors. The bank now believes that timeline has slipped, leaving the market without a meaningful catalyst.Saunders said ETF flows continue to be the main force behind crypto prices, with recent demand turning negative as investors pulled back from risk.According to the bank’s analyst, sentiment has also been hurt by concerns that digital asset treasury (DAT) companies could become net sellers of bitcoin. Recent corporate actions by Strategy amplified those fears despite involving…
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A review of The Promise of America: Reflections on Our Enduring Ideals by various authors; 208 pages; Simon & Schuster (May 2026)As the semiquincentennial of the American founding neared, a number of excellent books on the watershed events of 1776 were loosed upon the world. Titles like Michael Auslin’s National Treasure: How the Declaration of Independence Made America, Sarah M.S. Pearsall’s Freedom Round the Globe: A World History of the American Revolution, and H.W. Brands’s American Patriarch: The Life of George Washington filled bookstores while their authors toured the podcast circuit. But one book in this recent glut stood out…
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Key takeaways:Persistent spot Bitcoin ETF outflows and US dollar strength reduce the odds of a quick bounce to $65,000.Strong AI sector earnings momentum and…
In brief Venice AI raised $65 million at a $1 billion valuation in its first outside funding round. Founder Erik Voorhees said the company…
from the you-said-it dept Legal systems have always struggled to keep up with rapid technological change, and things are no different in the world…
The Committee to Protect Journalists (CPJ) board of directors voted on Wednesday to affirm the organization’s existing definition of who is a journalist and…
The Trump administration’s decision to cut foreign access to Anthropic’s most powerful AI models was reportedly triggered by calls from Amazon CEO Andy Jassy.According…
Those markets function because trading activity sits atop a vast network of credit relationships, clearing brokers and prime brokerage arrangements, Mercer says.”That’s what the…
“ETFs were referred to as weapons of mass destruction,” Hoffman said, recalling the skepticism that surrounded the structure before it became one of the…
Illustration: Lex Villena Few Americans have taken much notice, given the vast amount of other political news. But two Canadian provinces – Alberta and…
Bitcoin climbed above $64,000 on Saturday, reaching an intraday high of more than $64,200. The largest cryptocurrency by market capitalization is up more than…
In brief The U.S. government ordered Anthropic to suspend access to its two most advanced AI models, Fable 5 and Mythos 5, citing a…
This Week in 2016 FBI Won’t Tell Me How Much It Paid To Break Into Syed Farook’s iPhone, Saying It Might Jeopardize Its Investigation…
Crypto tried to solve this with its own version of yield. We tried staking rewards, liquidity mining, and levered DeFi strategies. At first glance,…