Bitcoin is moving sideways in the $63,000 to $64,000 range amid the fallout from U.S. strikes on Iran and Washington-led tensions with China. Risk assets fell across Asia and U.S. stock futures pointed lower, while oil neared $79 a barrel. In Washington, Donald Trump released classified information and claimed China obtained 220 million voter records, which China’s embassy denied. Spot bitcoin ETF flows turned positive, led by BlackRock’s IBIT.

Bitmine Immersion Technologies founder and chairman Tom Lee has singled out Ethereum as an asset that will benefit from the spread of artificial intelligence. He said broader AI adoption will increase demand for safeguards to control systems, and consumers are unlikely to trust governments, big tech companies or banks to play that role. He reiterated his view in a chairman’s message, while market data showed heavy selling in global semiconductor stocks and declines in major cryptocurrencies.