The post Bitcoin Hovers Near $62K as BlackRock Trims AI Stock Bets appeared on BitcoinEthereumNews.com.
Crypto News The world’s largest asset manager has pared back its most AI-exposed equity positions, its global fixed-income chief said this week, describing the move as a rebalancing rather than a retreat. The firm trimmed holdings in companies whose earnings lean most heavily on the artificial-intelligence buildout, and separately cut a meaningful slice of its broader equity exposure. Management framed the decision as trimming winners, not abandoning the theme. Because the manager oversees more client money than any rival, its positioning draws outsized scrutiny, sharpening an existing debate over whether market concentration in a handful of AI leaders has stretched too far ahead of underlying earnings. The scale behind those comments is what gives them weight. The manager reported a record 13.9 trillion dollars in assets under management as of March 31, according to its regulatory f
The post A New York Crypto Legal Director Role Is Advertising $1 Million to $5 Million a Year – Bitcoin News appeared on BitcoinEthereumNews.com.
Key Takeaways Pump.fun posted a New York legal role paying $1 million to $5 million a year. Solana memecoin volume tops $300 million daily as bitcoin sits 50% below October. Pump.fun faces a 2025 New York class action as the Clarity Act points to tighter rules. Pump.fun is shopping for a top lawyer in New York, and it is dangling a payday that would make most Big Tech compensation packages look modest: $1 million to $5 million a year. The timing is awkward for anyone pitching crypto stability, with Bitcoin down about 50% since 10/01 and regulators tightening screws from Europe’s MiCA to Washington’s evolving Clarity Act. Pump.fun’s meteoric growth on Solana has brought big volume and even bigger scrutiny, including a New York class action that accuses the platform of operating a Ponzi scheme. For a company trying to become a global brand, the
A fast-growing Solana-based crypto platform is advertising a New York director of legal affairs role paying $1 million to $5 million a year, even as the market remains weak and Bitcoin is down about 50% since October. The company launched in 2024, says it processes more than $300 million in daily transactions, and is facing […]
Institutional caution signals a broader reevaluation of crypto risk, potentially impacting Bitcoin's market stability and future investment flows.
The post BlackRock clients sell $59M worth of Bitcoin as institutional investors pump the brakes appeared first on Crypto Briefing.
The post BTC, ETH, XRP price news: Bitcoin, ether steady, gold falls as US-Iran strikes escalate appeared on BitcoinEthereumNews.com.
Bitcoin held above $62,000 on Thursday while the assets that are supposed to absorb a war premium moved in opposite directions. Brent crude climbed 1% to $78.80 a barrel, a third consecutive session of gains, after the U.S. military completed another round of strikes against Iran and both sides raised the prospect of closing the Strait of Hormuz. Gold extended its slide to a fourth day at around $4,060 an ounce. Government bonds in Japan, Australia and New Zealand fell, extending Wednesday’s global selloff, with two-year Treasury yields pushing toward their 2026 high. Bitcoin traded at $62,009, down 1.2% over 24 hours and up 1.6% on the week. Ether was at $1,730, also off 1.2% on the day but up 5.7% over seven sessions. Solana was the laggard at $77.25, shedding 1.8% and 1.7% on the week. XRP slipped 0.7% to $1.09, TRON added 4% over seven days, and hype
The post Bitcoin sits in deep value while ETF outflows keep pressure on BTC appeared on BitcoinEthereumNews.com.
Bitcoin remains in deep value territory after trading below two major on-chain cost-basis levels for about five months, according to Glassnode. The firm said BTC is still below the True Market Mean near $76,600 and the short-term holder cost basis near $72,200. Summary Bitcoin trades below key cost-basis levels, keeping deep value conditions active but still technically unconfirmed. ETF outflows have slowed, yet weak volumes show institutional demand has not fully returned. Long-term holder losses remain elevated, leaving sell-side pressure as Bitcoin’s main recovery barrier. These levels matter because they track the average price paid by active investors and recent buyers. When Bitcoin trades below both, many market participants hold coins at a loss. Glassnode said this phase can support long-term accumulation, but it has not yet confirmed a market bottom. Bitcoin recently
The post Bitcoin Miners Bet Big on AI Infrastructure and Win. TeraWulf, IREN, Hut 8 Surge appeared on BitcoinEthereumNews.com.
TeraWulf (WULF), IREN, and Hut 8 (HUT) all rallied yesterday, July 8, but Bitcoin’s price had nothing to do with it. Each saw their stock prices continue to rally on separate AI infrastructure news. All three companies were in the top 16 best performing stocks for Wednesday, July 8 as investors reward their shift no matter what Bitcoin does on the day. TeraWulf’s Anthropic Deal Set the Tone TeraWulf stock rose more than 12.8% after signing a 20-year lease with Anthropic for a Kentucky data center. The site will support 401 megawatts of critical IT load, online by early 2028. TeraWulf was yesterday’s second-best performing stock. Image Source: Trading View Analysts project roughly $19 billion in revenue over the lease’s term. Compass Point raised its price target to $40 from $28 after the deal and kept its buy rating. CEO Paul Prager said the lease confirms the
