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Crypto

Changpeng Zhao to abandon public wallet after spam token cleanup sparks $30 million meme coin spike

Binance founder Changpeng Zhao (창펑 자오) plans to shut down his public wallet after an attempt to clear spam tokens triggered market confusion. Token burns from his BNB Chain wallet were read as an on-chain signal, sending the price of a near-inactive token up more than 30,000 percent and lifting its market value from $40,000 to $30 million. Zhao said he was testing the Trust Wallet app. He will donate assets to Giggle Academy and stop using the address.

Crypto

Bloomberg strategist warns bitcoin could fall to $10,000

A Bloomberg Intelligence strategist warned bitcoin could fall to about $10,000 in the medium term, citing signs that a speculative bubble is deflating. Mike McGlone said bitcoin has lagged U.S. stocks even as indexes hit records, and has failed to hold above $69,000. He said past rallies relied on temporary support such as cheap liquidity and the launch of U.S. spot ETFs, while current ETF inflows and regulatory optimism have faded.

Crypto

Mark Cuban says next investment boom will be AI chips, not bitcoin

Billionaire investor Mark Cuban (마크 큐반) has singled out high-performance chips for artificial intelligence as the next focus of investment mania. He wrote on X that chips could become a new crypto-like asset class. Cuban referred to high-performance GPUs used to run AI and said computing hardware could stand as an independent investment asset class as AI growth changes perceptions of chips. Crypto figures pushed back, and Cuban’s views on bitcoin have shifted repeatedly over time.