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California AI bill aimed at preventing disasters draws ire from Silicon Valley

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Crypto VC giant a16z claims the AI legislation will “burden startups because of its arbitrary and shifting thresholds.”

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Coin Market

Bitcoin price may dip toward $70K as Fed estimates hotter inflation print

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BTC’s rising wedge points to a possible drop toward $70,000 as Strategy pauses buying and inflation cools Fed rate-cut hopes.

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Coin Market

South Korea crypto holdings halve in a year as investors turn to stock market

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South Korean crypto holdings fell from $83 billion to $41 billion in just over a year as investors shifted to stocks.

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Coin Market

Trump Media posts $406M quarterly loss as crypto bets turn sour

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Trump Media’s $405.9 million net loss was driven mostly by unrealized losses on Bitcoin bought at last summer’s peak and Cronos tokens acquired through a Crypto.com deal.

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