AI giant SenseTime has announced a major capital raise of approximately HK$2.5 billion ($320 million). Through a placement of 1.667 billion new Class B shares. Infini Capital, a long-term investor, agreed to back the subscription after trading hours on Wednesday. The company confirmed that 20% of the net proceeds, around HK$500 million. They will allocate
Quantum Solutions, a publicly traded tech company in Japan, has announced plans to purchase up to 3,000 Bitcoin (BTC) over the next 12 months. The post on X by Cointelegraph, highlights a move that could make Quantum the largest public holder of Bitcoin in Japan. The decision comes at a time when the Japanese yen
Bitcoin exhibited a similar pattern to its price action between July and September 2020, and bulls are anticipating the same bullish outcome. The total crypto market cap dropped by 2.76% over the past 24 hours to $3.84 trillion, amid a broader market retracement. Specifically, Bitcoin retested $117,000, while major altcoins, including XRP, Solana, and Dogecoin,
Story Highlights Most people worldwide could retire with less than 1 BTC by 2035. By 2045, some countries may need as little as 0.01 BTC to retire. A new study shows Bitcoin’s long-term value could reshape retirement planning. A new Bitcoin retirement model is grabbing attention on Twitter and one thing is surprisingly clear: you
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s (BTC) consolidation continues to take the wind out of the bull run in the broader market that had raised hopes for the so-called alt season marked by prolonged outperformance of alternative cryptocurrencies. Over the past 24 hours, major altcoins have experienced a significant decline, led
Sahara Labs, a popular AI-native L1 blockchain infrastructure entity, has recently launched Data Services Platform (DSP). The purpose of launching the Data Services Platform (DSP) is to bolster the training of cutting-edge AI models. Sahara Labs views this endeavor as a significant step toward democratizing access to AI-driven data finance. The development paves the way
Capital is flooding into digital assets at a record pace this year, according to Wall Street bank JPMorgan (JPM), marking a sharp contrast with declining flows into private equity and private credit markets. JPMorgan estimates that net capital inflows into digital assets have hit $60 billion year-to-date, a nearly 50% jump since the firm’s last
Bitcoin is consolidating between $116,000 and $120,000 after a sharp breakout in early July. The market has entered a sideways phase as bulls and bears test control. Traders are closely watching the $116K support for clues on Bitcoin’s next move. According to crypto analyst Kevinn Nguyen, the $116,000 level is now critical. He explains that
Zircuit, a prominent zero-knowledge rollup forum that is compatible with Ethereum Virtual Machine (EVM), has unveiled a new project to benefit users. In this respect, it is launching “Hyperliquid for AI Trading,” to advance on-chain finance with AI-driven, rapid trading capabilities. As Zircuit announced in its recent X thread, with Hyperliquid for AI Trading, it
Exchange-traded funds (ETFs) tracking Bitcoin have slipped again, continuing their losing streak as investor sentiment cools. Summary U.S.-listed Bitcoin ETFs have deepened their losses with another round of outflows. Bitcoin is hovering just below $118K, but analysts say momentum could return. Ethereum ETFs are still thriving, even as the asset’s price cools. U.S.-listed spot Bitcoin