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AI boom fuels inflation fears, complicating Fed’s next rate move

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Ongoing strong demand for AI infrastructure “would likely sustain upward pressure on prices for technology products and electricity,” Federal Reserve policymakers said.

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Coin Market

Strive buys 1,110 Bitcoin for $81.5M, holdings top 21K BTC; ASST shares surge 11%

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Strive’s Nasdaq-traded shares surged more than 11% as the Bitcoin treasury company said it paid an average of $73,409 per BTC, pushing its holdings to 21,356 Bitcoin.

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Bitmine extends 14-month ETH buying pace as Ether breaks above $2.5K

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Ether’s breakout above $2,500 has put the spotlight back on corporate ETH treasuries, with Bitmine now nearing its long-stated accumulation target.

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Crypto advocacy groups oppose Illinois digital asset tax in court

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Following a similar lawsuit filed by the Digital Chamber in July, two digital asset advocacy groups challenged Illinois’ 0.2% crypto tax on constitutional and due process grounds.

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