The Business & Technology Network
Helping Business Interpret and Use Technology
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Artificial intelligence (AI) is evolving beyond chatbots and copilots, and the next frontier of this fast-developing industry is a world of AI agents. These autonomous digital actors can browse the web, negotiate contracts, make payments, and collaborate with other machines. The market supporting this shift is immense, with data from Statista projecting the global AI sector to surpass $1 trillion...
Changpeng Zhao (CZ) detailed the accidental rise of Chinese memecoins on BNB Chain and explained why Aster’s hidden orders provide a structural advantage over Hyperliquid. During his Oct. 10 interview with CounterParty TV, the former Binance CEO attributed BNB’s recent meme explosion to an unplanned Mid-Autumn Festival post and outlined his investment thesis, favoring privacy-focused perpetual...
A sudden flash crash rattled crypto markets on Oct. 10, erasing billions in leveraged positions as Bitcoin, Ethereum, and other major tokens plunged before staging partial recoveries. Bitcoin fell more than 10% at its lowest point, slipping to $101,500 before rebounding to trade near $112,500 as of press time. Ethereum similarly dropped over 10% intraday before stabilizing above $3,800. Major...
Norwegian officials launched an investigation on Oct. 10 into a suspected leak of confidential information after online wagers on this year’s Nobel Peace Prize winner surged just hours before the official announcement. Authorities said the spike in betting activity on Polymarket appeared to indicate insider knowledge of the Nobel Committee’s decision. Venezuelan opposition leader María Corina...
Bitcoin’s steady climb to a new all-time high this October has revived the familiar question of whether the next breakout could mark the first sustained run to $150,000. The optimism follows a surge in derivatives positioning and ETF inflows, suggesting that institutional momentum may be reshaping the cycle’s upper bound rather than simply fueling another speculative rally. Derivatives market lit...
Bitcoin (BTC) dropped 7% amid a broader market rout after President Donald Trump announced that the US is considering escalating tariffs against China in response to newly imposed rare-earth export controls. Total liquidations reached $9 billion over the past 24 hours, as BTC fell to as low as $105k in the drop. On a lengthy statement on Oct. 10 via Truth Social, Trump accused China of attempting...
Strategy’s market net asset value (mNAV) compared to Bitcoin (BTC) its holdings dropped to 1.174 on Oct. 10, the lowest level in almost two years. The company’s shares fell 3% to $307.95 amid broader weakness in the crypto market, translating to a market cap of $88.4 billion. Strategy is the 121st-largest US public company, holding 640,031 BTC, worth approximately $75.4 billion. As of press time...
A high-stakes capital race has redefined the prediction market. Kalshi’s $300 million raise at a $5 billion valuation positioned it as the most valuable CFTC-regulated event-contract exchange in history. The firm’s expansion into 140 countries and growing list of macro and cultural markets seemed to cement its place as the global leader. Around the same time, Polymarket, Kalshi’s on-chain rival,...
The UK has taken a decisive step toward mainstream crypto adoption after the Financial Conduct Authority (FCA) lifted its three-year ban on retail trading of crypto exchange-traded products (ETPs). The decision, announced on Oct. 8, reverses a January 2021 restriction that prevented retail investors from accessing crypto exchange-traded notes (ETNs) over volatility and consumer-protection...
BlackRock’s spot Bitcoin ETF is pulling in cash at a speed never seen in the fund industry. After another $4 billion streak of inflows this week, IBIT now holds more than 800,000 BTC, worth roughly $98 billion, and is within striking distance of a milestone that no ETF has ever reached this quickly. Bloomberg Intelligence analysts Eric Balchunas and James Seyffart estimate IBIT now generates over...