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Crypto

NYDIG says bitcoin weakness not driven by single factor, cites five variables including AI and IPOs

Recent weakness in bitcoin and the broader crypto market reflects overlapping pressures rather than a single negative factor, an analysis said. NYDIG Global Head of Research Greg Cipolaro outlined five headwinds in a weekly report dated June 5, CoinPost reported. He cited competition for capital from AI, prospects for large IPOs, remarks on U.S. seizure of Iran-related crypto assets, a shift in Strategy’s role, and renewed quantum-computing risk.

AI & Enterprise

Founders Fund unveils card game show featuring Sam Altman and Palmer Luckey

Founders Fund, the venture capital firm co-founded by Peter Thiel, has unveiled its in-house game show \"Mafia the Game,\" TechCrunch reported on Thursday. The format brings together prominent tech figures to play a card game. The show is hosted by Mike Solana, Founders Fund\'s chief marketing officer and editor-in-chief of Pirate Wires. The first episode features OpenAI CEO Sam Altman and Anduril founder Palmer Luckey, among others.

AI & Enterprise

AI giants’ $3 trillion IPO tsunami raises liquidity fears as some draw crypto parallels

A possible concentration of initial public offerings by mega AI companies such as SpaceX, OpenAI and Anthropic is fueling concerns about a large liquidity drain from U.S. markets. Estimates put their combined valuation at up to $3 trillion, implying $432 billion to $576 billion in fundraising if 20 percent of shares trade. Analysts also flag limited free float and lockup structures, drawing comparisons with past crypto token listings.