Undoubtedly, artificial intelligence is one of the biggest competitors for speculative investment capital in financial markets. However, according to Jeff Park, a former Bitwise portfolio manager and current advisor to the crypto asset manager, the AI boom could end up becoming a catalyst for $BTC, which is a rather unpopular opinion within the cryptocurrency sector.
Bullish (BLSH), the crypto platform and parent company of CoinDesk, reported second-quarter net loss of $280 million, on Thursday, compared to $108.3 million for the equivalent period a year earlier. Most of that headline loss was due to a $244.6 million markdown of the company’s bitcoin holdings as the price of BTC fell throughout the
Bank of America (NYSE: BAC) has announced that it plans to spend $250 billion building US infrastructure in the next 18 months. The bank plans to focus on data centers, chips and power generation. The plan lands as a major boost for stakeholders of the AI and computing buildout, even as data centers ramp up
Bitcoin’s price has shown signs of stabilizing after a rough stretch, but even setting aside where prices go in the near term, asset manager Grayscale says adoption of the cryptocurrency over the medium and long run remains largely unchanged. The reason: continued, unsustainable growth in government debt as a factor that keeps inflation and currency-debasement
A new U.S. survey has found that 79% of prediction-market users lost money during the past year, while 51% used borrowed funds to place bets. Prediction market losses rise among borrowers BadCredit.org surveyed 1,000 U.S. adults and found that 15% had used a platform such as Kalshi, Polymarket, or PredictIt, placing the consumer findings against
Bitcoin was trading near $63,500 when the markets were measured at 1:30 p.m. EDT on Wednesday afternoon on Aug. 12, 2026. Across six active markets on the leading prediction marketplaces, Polymarket and Kalshi, traders have wagered more than $120 million on where $BTC’s price could head next. Traders Price a Wide 2026 Range Polymarket’s biggest
BlackRock’s iShares Bitcoin Premium Income ETF (BITA) recorded $79,073 of realized gains and $265,776 of unrealized appreciation on written options in its first operating period, helping offset losses on its Bitcoin holdings and shares of the iShares Bitcoin Trust ETF (IBIT). BITA posted an $860,335 decrease in net assets from operations through June 30, its