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Search results for March 16

AI & Enterprise

China warns it will take all necessary steps over U.S. pressure on AI sanctions

China warned it could retaliate against U.S. moves to review sanctions on Chinese artificial intelligence firms, urging Washington to stop what it called repeated threats. China’s commerce ministry said it would take all necessary steps if the United States acted, rejecting allegations over model distillation and intellectual property violations. China said U.S. firms also used Chinese models. Data cited showed Chinese models gaining share on OpenRouter and in open-source downloads.

Crypto

Prediction market trading hits record highs as Polymarket, Kalshi set crypto volume records

Polymarket and Kalshi both set record daily trading volumes in their crypto categories on June 2, as the broader crypto market slumped. Polymarket posted $176 million and Kalshi $108 million, according to Cryptopolitan. Prediction market trading also expanded, with May turnover reaching a monthly record of $28.4 billion, led by Kalshi. Polymarket had a larger amount of locked capital, while new entrants such as Hyperliquid\'s HIP-4 launched outcome-based contracts.

Crypto

Ethereum capped at $2,400 as ETF inflows lag and Binance holdings rise

Ethereum has tested resistance at $2,400 five times over the past month but failed to break through. Cointelegraph reported that inflows into spot Ethereum ETFs have totaled $500 million since March, while Binance’s ether holdings rose by about 400,000 ETH, weighing on sentiment. Futures market leverage has also eased near the resistance zone. Analysts cited rising exchange reserves and large inflows to Binance as adding to supply pressure around $2,400.