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Crypto

Shiba Inu holds near bottom of downtrend channel, rebound view persists

A technical outlook suggests Shiba Inu could rebound near a long-term support line. The Crypto Basic reported that an analyst saw potential for the token to rise more than 10-fold to about $0.00007 if it holds its current area. Shiba Inu remains in a downtrend and is far below past peaks, but the analyst cited a bullish technical structure and strong community support. Futures open interest rose 7.4 percent, while about 507 billion SHIB flowed from exchanges to personal wallets.

Crypto

Ethereum rebounds as ETF inflows and Bitmine buying lift prices, but sustainability remains unclear

Ethereum held above $2,300 after rebounding, but derivatives markets have yet to signal a clear bullish turn. Cointelegraph reported that ether futures open interest rose to $25.4 billion and spot ether ETFs recorded $248 million of net inflows over the past 10 days. Funding rates have struggled to stay above 5 percent and at times fell below zero. Bitmine Immersion announced a $312 million ether purchase, but broader network activity and DApp revenue remain weak.

AI & Enterprise

Ex-Google X executive says AI cannot be stopped, three 2020 predictions become reality

Artificial intelligence has entered an irreversible stage of adoption and key forecasts raised a few years ago are becoming reality, an ex-Google X executive said. Mo Gawdat said AI cannot be stopped as countries and companies race to adopt it. He said machines are taking on more decision-making through systems such as recommendations. He also warned of labour-market disruption, risks to information trust and broader social strain driven by how AI is used.