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Crypto

Hayes warns AI bubble burst could hit crypto, sells altcoins and focuses on BTC and ETH

BitMEX co-founder Arthur Hayes said he has sold all major altcoin holdings and refocused his crypto portfolio on bitcoin and ether. He warned that if enthusiasm for investment in the AI industry fades in the short term, risk assets broadly could face a correction. Hayes cited oil prices, potential large IPOs by SpaceX, Anthropic and OpenAI, and possible anti-AI policies by U.S. President Donald Trump as key factors that could shake the AI boom.

Crypto

JPMorgan says Strategy may need to build larger cash reserves after 32 bitcoin sale

JPMorgan has shifted its view of the cryptocurrency market from optimism to a more cautious stance, highlighting Strategy, the largest corporate holder of bitcoin. It said Strategy may need to increase its U.S. dollar reserves to help secure funds for preferred-share dividends after the company sold 32 bitcoin in late May, a move that unsettled investors. JPMorgan also lowered its overall crypto outlook to neutral, citing delayed U.S. legislation, slowing inflows and weaker bitcoin prices.

Crypto

XRP may wobble again around $1 level as technical indicators, U.S. Clarity Act come into focus

XRP could slide once more toward the $1 level before any sustained rebound, an analysis said. Market analyst Arthur said XRP may retest $1 before the current correction ends, citing a weekly Fibonacci retracement near $1.17 and a break above a long-term downtrend line. He said heavy orders around $1 could draw price lower in a final liquidity hunt. Investors are also watching the U.S. Senate’s Clarity Act schedule, while broader crypto sentiment remains weak.