Jane Street has reportedly suffered a $15 billion loss in July, driven by its exposure to the AI-focused hedge fund Situational Awareness and other stocks. While this fall has caught the attention of Wall Street, it has also raised equal concerns in the crypto market. As Jane Street is one of the major liquidity providers
Recent filings with the SEC show that Leopold Aschenbrenner’s Situational Awareness AI hedge fund had almost fifty percent of its US equity portfolio invested in SanDisk and Micron before a liquidation event that occurred in July, wiping out 67% of the fund’s value in just one month. To the overall AI sector, the reveal indicates
The Bitcoin price prediction right now comes down to a single chart level, with $BTC trading at $62,983 directly on the lower boundary of an ascending channel that’s held every pullback since June, and $52,000 as the target if that boundary fails. $BTC Price Analysis: Channel Floor or $52,000 — That Is the Only Question
Binance founder Changpeng Zhao (CZ) said on X that Bitcoin’s cumulative mined supply has surpassed 20.07 million as of August 2026, reaching 95.6% of its maximum supply of 21 million. Zhao noted that only 4.4% of the total supply remains to be mined, and he estimated that 10% to 20% of existing $BTC has been
Robinhood Ventures Fund II has raised $225.5 million and opened at $22.50 on the New York Stock Exchange, 10% below its $25 initial public offering price. Reuters reported that Robinhood’s second publicly traded venture fund debuted on Thursday, giving individual investors access to early-stage companies usually available only to venture firms and wealthy investors. The
Bitcoin trades near $62,900 heading into the weekend, having touched an intraday low of $62,538 on Aug. 14. That low effectively tested the $62,500 to $62,560 zone that has held as the floor of a five-week trading range between roughly $62,000 and $66,000. Bitfinex found Bitcoin tested the $65,000 to $65,500 region six times between
The US and China are increasingly turning the AI race into a battle, with India now caught in between. The AI competition between these two countries has now become a geopolitical battle. The US is preparing to ask its AI partners to stay within its network, limiting their ties with China. This has created a
Nvidia (NASDAQ: NVDA) has disclosed a very large investment in SpaceX (NASDAQ: SPCX), showing that the chipmaker owns 122.8 million Class A shares in Elon Musk’s rocket company. Based on the current value of those shares, the position is worth around $21 billion, per new filing with the U.S. Securities and Exchange Commission. Nvidia has
Binance Chief Security Officer Jimmy Su has moved to calm concerns that quantum computing could soon undermine the cryptographic foundations of blockchain networks, stating that the technology does not yet pose an immediate threat to cryptocurrency holders. In a recent Q&A, Su addressed growing speculation within the crypto community about the potential for quantum machines
Moon Pursuit Capital founder Utkarsh Ahuja has said crypto venture investors will prioritize quantum-ready infrastructure heading into 2027 as global VC investment reached $227.4 billion in the second quarter. KPMG’s latest Venture Pulse report found that global venture funding recorded its second-highest quarterly total in Q2, although much of the capital went to large companies