AI bets are recording rapid profit-taking as Broadcom as outlook for AI-chip sales fell short of high expectations, driving down crypto markets.
Broadcom’s disappointing AI chip outlook pulled the Nasdaq lower for a third session, dragged Asian equities down with it, and took crypto along for the ride.
Shielded Labs revealed that the bug could have helped an attacker print unlimited counterfeit tokens. That could have damaged trust in the token’s supply and its value.
The industry has been trying to make a case this week the Clarity Act provides law enforcement strong tools to combat illicit finance involving cryptocurrency.
The regulator rejected claims he’s doing President Trump’s bidding during a congressional hearing that also addressed the GENIUS Act stablecoin push.
Hoskinson’s remarks followed a string of setbacks for the ecosystem, including the cancellation of Cardano’s flagship conference and the shutdown of a prominent analytics platform.
The fund combines blockchain native issuance with established fund structures.
UMA voters ruled that Strategy’s June 1 disclosure counted for the June contract, even though the company said it sold bitcoin during the final week of May.
Apyx’s apxUSD stablecoin briefly slipped to 93 cents Wednesday.
BlackRock’s IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid’s HYPE products as the only major crypto ETF category still pulling in net new money.
Presto Research says bitcoin’s drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.
Bitcoin rebounded to $64,000 after a sharp sell-off, with the move reflecting a typical bounce from oversold conditions rather than a confirmed trend reversal.