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Crypto

Bitcoin dominance deepens as altcoin rebound hinges on BTC gains

Expectations are growing that bitcoin must break higher before altcoins can escape broad selling pressure. Market maker Wintermute and crypto trading platform Phemex said funds have been moving out of altcoins into bitcoin, with capital concentrating in major tokens such as bitcoin and ether. Analysts flagged $82,500 as a key bitcoin level and said a drop below it could reopen $70,000. U.S. inflation data and risk-asset weakness added pressure.

Crypto

Underdog to roll out cryptocurrency deposit feature by year-end

U.S. sports prediction market Underdog plans to introduce a feature by year-end that lets users deposit stablecoins and cryptocurrencies directly into prediction market accounts. The company is working with infrastructure platform Zerohash to enable qualified customers to add funds through the Underdog app outside bank hours, including evenings and weekends. Underdog and Zerohash executives highlighted speed and expanded choices. Some services may be unavailable in New York, and crypto holdings are not covered by FDIC or SIPC protection.

Crypto

BlackRock says robotics is next after AI, launches new ETF holding Tesla and Nvidia

BlackRock has launched a new robotics-focused exchange-traded fund, expanding its artificial intelligence investment lineup. The iShares Future Robotics and Related Technologies Active ETF (RBTX) is listed on NYSE Arca and charges a total expense ratio of 0.65 percent. Major holdings include Tesla, AMD and Nvidia, according to TradingView. BlackRock said it views robotics as the next stage of AI adoption and noted growing investor selectivity in AI stocks.