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Crypto
Bitcoin will rise in the end even if AI bubble bursts or rates rise
Bitwise said Bitcoin is likely to rise over the long term regardless of how artificial intelligence trends or U.S. interest rates evolve. CIO Matt Hougan said markets are weighing recession risks and what a collapse in an AI bubble would mean for Bitcoin. He said AI-driven growth could push investors toward hard-to-copy assets, while an AI bust could prompt policy support, rate cuts and faster money supply growth.
AI & Enterprise
42Maru targets Saudi AI market through Kosmes support program
Agentic AI startup 42Maru said on Aug. 31 it will pursue entry into Saudi Arabia and the Middle East and North Africa market through a programme run by the Korea SMEs and Startups Agency. The initiative supports Korean SMEs in building local partnerships in fields such as AI. 42Maru plans to supply its LLM42 model and RAG42 solution via on-premise and private-cloud deployments and to combine agentic AI functions for document review and workflow automation.
Crypto
Bitcoin buying detected targeting $88,000 despite war fears
Bitcoin showed short-term weakness as geopolitical risks revived risk-off sentiment across global markets, but analysts said market supply-demand and technical indicators still point to a rebound. Strategy expanded its holdings and estimates suggest additional demand this week. U.S.-listed spot bitcoin ETFs posted strong net inflows. Analysts cited continued purchases, supply absorption and oversold signals as limiting downside risk, while rising mining stocks and a higher S&P 500 supported risk appetite.
