Tech • IA • Crypto
50 articles analyzed by AI
Circle paid Coinbase $908 million for distributing USDC stablecoins, with the contract renewal scheduled for August 2026. This deal significantly impacts revenue streams for both firms and indicates sustained confidence in USDC's market position.
Investor Bill Miller emphasized Bitcoin's strong fundamental case as a hedge against the US's $1.9 trillion deficit. This outlook supports increasing institutional adoption of Bitcoin amid concerns of currency debasement.
The total crypto market cap surged by $170 billion within 10 days through early July, reaching $2.28 trillion as of July 11, led by Bitcoin reclaiming above $64,100. This rally was driven by recovery in Bitcoin ETFs and positive market sentiment.
Eric Trump's American Bitcoin Corp suffered a catastrophic 95% collapse, losing over $600 million due to a failed mining strategy. Meanwhile, competitors pivoting to AI infrastructure reported gains of around 60%, highlighting shifting investment trends.
Ethereum’s annual energy use plummeted by over 99.9% post-Merge to just 7.87 GWh, according to a Cambridge study auditing 8,522 nodes. The US, Germany, Finland, and France collectively host 62% of Ethereum’s full nodes, underscoring a more sustainable network.
BlackRock led a major $86 million inflow into Bitcoin ETFs, ending weeks of net outflows and signaling renewed institutional confidence and possible market stabilization.
Morgan Stanley’s Bitcoin Trust increased its BTC holdings by nearly 1,000 coins to a total of 5,761, as Bitcoin traded about 11% above Fidelity's long-term support, highlighting sustained institutional accumulation.
Bitcoin and Ether ETFs collectively drew $282 million, breaking an eight-week outflow streak that had collectively lost $9.46 billion. This inflow marks a tentative recovery in institutional demand for crypto assets.
U.S. spot XRP ETFs held $996.65 million in assets as of July 10, having amassed $1.48 billion in inflows before their nine-week inflow streak ended. This underscores XRP’s growing institutional interest approaching a $1 billion assets milestone.
Jamie Coutts of Real Vision predicted Bitcoin could rise to $250,000 over the next several years despite nearing the late stages of a bear market. While a $1 million target by 2030 remains uncertain, this forecast highlights bullish long-term institutional perspectives.