Bitcoin fell back to its end-2024 price as traders pulled away from risky assets and ETF outflows picked up. The drop followed fading excitement over the Trump administration’s crypto stance and rising fears across global markets.
WeatherlyPeter Schiff criticised Michael Saylor and Strategy, calling their Bitcoin-focused business model a “fraud” and challenging Saylor to a debate. The attack comes as Bitcoin fell below $99,000 and Strategy’s stock dropped over 50% since July, while gold remains strong above $4,000 an ounce.
AnaisAI data centres in the U.S. are using power faster than the grid can supply, creating a major gap in electricity capacity. Analysts warn that without huge investment, the country may struggle to support further AI growth as outages and infrastructure limits become more common.
WeatherlyXRP fell about 7% after the first U.S. spot XRP ETF launched, even as trading volumes and retail interest surged. At the same time, institutional holders trimmed positions, signalling cautious behaviour ahead of larger ETF launches from Franklin Templeton and Bitwise.
WeatherlyAlibaba has launched its new AI chatbot app, Qwen, available globally and free to use, aiming to compete with ChatGPT and integrate into its wider digital ecosystem. The app has already drawn high user traffic and caused concern in the U.S. tech sector, highlighting Alibaba’s growing influence in AI development and adoption.
WeatherlyMore than 300 founders and investors at a major AI summit voted Perplexity as the startup most likely to fail, putting OpenAI in second place. The poll highlighted growing doubts about both companies, driven by legal issues for Perplexity and rising financial concerns around OpenAI.
WeatherlyDappRadar, a seven-year-old blockchain analytics platform, has shut down due to financial difficulties. Its closure leaves a gap in cross-chain data services, affecting developers, investors, and users who relied on its analytics.
AnaisGoogle released a new AI weather model called WeatherNext 2 that gives faster and more detailed forecasts. It delivers global predictions in under a minute and is now built into Google products like Search, Maps, and Pixel Weather.
WeatherlyEl Salvador bought about 1,090 Bitcoin in a single day, raising its total holdings to roughly 7,474 BTC worth $676 million. The purchase came as Bitcoin fell below $90,000, showing the government is continuing its daily accumulation strategy despite market volatility.
AnaisA British man, Joseph James O’Connor, has been ordered to return $5.4 million in Bitcoin and other cryptocurrencies after hijacking celebrity Twitter accounts in 2020. The civil recovery covers the increased value of the stolen crypto and will be managed by a court-appointed trustee for public restitution.
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