Search results for Hyunwoo Chu
Crypto
Bitcoin breaks above $66,000 to hit highest in a month
Bitcoin climbed above $66,000 to its highest level in a month, reaching $66,306 on Bitstamp, Cointelegraph reported. After repeatedly facing resistance near $65,000, it kept rising, with some in the market targeting $67,000 and again citing $70,000 as a psychological barrier. Traders pointed to higher resistance at $67,500 to $68,000. Liquidations rose, while options demand appeared into late July as markets watched the Federal Reserve.
AI & Enterprise
DeepMind\'s Hassabis urges U.S.-led AI standards body
Google DeepMind CEO Demis Hassabis urged the creation of a U.S.-led AI standards body to oversee new AI models and assess national security risks such as cybersecurity and biological threats. He proposed a public-private partnership under federal oversight, similar to FINRA, with a board including independent technical experts and open-source representatives. He said the body would require substantial funding and computing resources, likely from industry.
Crypto
SpaceX joins Nasdaq 100 with bitcoin holdings
SpaceX was officially added to the Nasdaq 100 index on July 7, local time, just weeks after its listing and shortly after it disclosed holding 18,712 bitcoin. JPMorgan estimated that the index rebalancing would drive about $4.3 billion of passive inflows from funds and ETFs that track the Nasdaq 100 into SpaceX shares. The move is seen as opening a rules-based channel for institutional investors to gain bitcoin exposure through corporate balance sheets.
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AI & Enterprise
Computex Taiwan is no longer a PC festival as AI permeates everything
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Crypto
Stablecoin war opens as South Korea weighs options against dollar dominance
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General News
Elon Musk says universal high income needed to address jobs lost to AI
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Crypto
XRP volume up 23 percent, price stuck in $1.30 to $1.35 range
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General News
Shanghai Journal, Alpha Economy build South Korea-China economic information pipeline
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Crypto
Bithumb mispayment fallout spreads as XRP overtakes Ethereum
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Crypto
Bitcoin conditions for rising to $150,000: Watch this signal
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Crypto
Digital payments market leadership shifts as bitcoin four-year cycle theory ends