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Crypto

Hayes floats $1 million bitcoin call, focuses on AI debt crisis

Arthur Hayes says bitcoin could rise to $1 million if an AI infrastructure investment boom falters on debt problems and authorities restart large-scale liquidity support. He argues AI absorbed new liquidity first, and a later credit shock could redirect policy funds into crypto. Others cite narrowing market breadth, high valuations in top S&P 500 companies and rising private credit exposure to AI. Critics say risk-off selloffs can drag bitcoin down first.

Crypto

BitMine buys another 127,000 ether, raises holdings to 4.59% of supply

BitMine Immersion Technologies has increased its ether holdings to 5,543,872 ETH, equivalent to 4.59% of total ether supply. The company bought about 127,000 ETH over the past week, moving closer to its goal of holding 5% of supply, which it calls “Alchemy of 5%.” It said 4.72 million ETH is staked and outlined expected annualised returns from staking. The firm also reported holdings of 204 bitcoin and $247 million in cash.

Crypto

Standard Chartered keeps $40,000 Ethereum target for end-2030 despite drop

Standard Chartered kept its forecast that Ethereum will reach $40,000 by the end of 2030 even after the token fell below $2,000. In a client research note cited by BeInCrypto, the bank reaffirmed targets of $4,000 by the end of 2026 and $40,000 by end-2030. Its digital assets research head compared the drop to Amazon’s share price during the dotcom bust, while pointing to improving on-chain indicators and differing retail and institutional flows.