RESOLVING THE LEDGER
This is one outlet's own report from CoinDesk — the article as it was filed. Other outlets are covering the same event; open the full story to compare every source side by side.
See the full story · 1 sources
Attention is also on Elon Musk-owned SpaceX, where roughly $101 billion of stock becomes tradable Thursday as the first lockup expires. The company holds 18,712 BTC, worth about $1.1 billion at the end of June.
Ether rose over 1% to $1,904 but remains down 0.7% over seven days. XRP was the weakest of the group, falling almost 3% to $1.04 and 3% on the week. BNB slipped over 1% to $595 though it still leads the majors over seven days at 3.5%.
Solana fell almost 1% to nearly $74 and dogecoin the same to 7 cents. Tron was flat at 33 cents. Hyperliquid's HYPE was little changed at $56 and is up over 4% on the week, the best weekly performance among the majors.
Alex Kuptsikevich of FxPro said in an email that bitcoin has gained momentum since Monday, when buyers stepped in during the dip toward $62,500 and pushed price back above the 50-day moving average. Optimism is centred more on bitcoin than on the wider market, he said, which is typical of the early stages of a long-term shift.
The equity backdrop turned less helpful. The MSCI All Country World Index snapped a five-day run to fall 0.2% as chipmakers retreated on both sides of the Pacific. Korea's Kospi, a bellwether for the AI trade, dropped 4.4% with SK Hynix and Samsung leading losses.
S&P 500 and European futures edged higher.
Meanwhile, Gold rose 0.4% to its strongest since June as traders trimmed rate-hike expectations, with Brent under $80 a barrel after Iran said it had reached an agreement with Oman on a shipping route through the Strait of Hormuz.
SoftBank reports later Thursday. It has put $34.6 billion into OpenAI through Vision Fund 2 since September 2024 and owns chip designer Arm, so its numbers are read as a gauge of whether the private side of the AI trade is holding up.
1 XRP whales keep buying the dip, but ether shows deeper capitulation 20 minutes ago 2 CASHCAT jumps 120% in a week as Robinhood Chain hits $774 million of value locked 35 minutes ago 3 Here are the possible outcomes for Clarity right now 1 hour ago 4 Crypto firm RedotPay says it will defend itself ‘vigorously’ against Binance lawsuit 7 hours ago 5 Crypto's campaign efforts see rare loss, but crypto roster in Congress likely to grow 10 hours ago 6 Coldcard exploit could boost demand for regulated bitcoin exposure, analysts say 13 hours ago 7 Crypto Long & Short: Putting the bitcoin sizing question to the test 14 hours ago 8 Strategy’s STRC rebounds 30% as company builds cash reserve, bitcoin price stabilizes 14 hours ago 9 Nomura’s Laser Digital backs ZIGChain for onchain private credit push in UAE 15 hours ago 10 Crypto may have institutionalized, but it still trades like a rumor mill 16 hours ago Latest Research The Evolution of the Crypto CEX Landscape: A Case Study on Binance The Evolution of the Crypto CEX Landscape: A Case Study on Binance Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
AIPROPX is an independent multi-source news index — we track, compare, and connect coverage from across the web into one place you won't find anywhere else.