Crypto Biz: Institutions tighten their grip on Bitcoin, AI and prediction markets

Momentum has continued to fade for Bitcoin following a broader market pullback, which has kept its price below the $80,000 mark. During the ongoing waning price action, one aspect of the market that is drawing significant attention is the activity of Bitcoin Long-Term Holders. Bitcoin Long-Term Holders Tighten Grip On Circulating Supply Bitcoin long-term holders […]

Meta is the latest company to trim its workforce as a result of the growing use of AI within the industry. The company laid off 8,000 employees earlier this week, while also moving 7,000 more to AI-focused roles. “AI is the most consequential technology of our lifetimes,” Zuckerberg said in a memo that he sent to employees, informing them of the cuts.  “The companies that lead the way will define the next generation,” he added. The company has not revealed too much detail of the changes in the workforce, but it’s clear that jobs focused on AI infrastructure will be protected. Meta is not alone in announcing cuts. In a blog this month, Cisco said it was cutting 4,000 jobs and Microsoft is looking at inciting employees to take voluntary retirement for the first time. The Meta reorganization is following the trend that businesses that don’t adapt to AI usage will struggle. Earlier this year, PwC US CEO Paul Griggs caused consternation when he suggested that executives who failed to get to

The regulatory shift could boost US crypto integration, fostering innovation and investment, but risks arise from reduced oversight and potential instability. The post White House ends unnecessary regulations for Bitcoin and crypto appeared first on Crypto Briefing.

Trump delays AI safety testing EO, claiming it would be an innovation “blocker.”

Rep. James Comer, Chairman of the House Committee on Oversight and Government Reform, sent letters to Polymarket and Kalshi to ascertain the measures these platforms are taking to curb these practices. Comer referred to the prediction markets ecosystem as the “Wild West.” Rep. James Comer Launches Probe On Insider Trading Happening On Prediction Markets Kentucky […]

Circle is launching cirBTC, a 1:1 Bitcoin-backed wrapped token. cirBTC will use real-time on-chain reserve verification for transparency. The token will launch on Ethereum and Circle’s Arc blockchain. Circle, the company behind the USDC stablecoin, has revealed plans to launch cirBTC, a wrapped Bitcoin product that meets regulatory compliance standards.  The strategic move has the […] The post Circle’s Wrapped Bitcoin Could Change Institutional Crypto Forever appeared first on Live Bitcoin News.

Strive’s Bitcoin linked preferred stock SATA is emerging as a key credit market instrument while its common equity ASST gains traction in public markets, reshaping how institutions finance large Bitcoin treasuries through yield bearing securities rather than straight spot purchases.…

The founder of on-chain analytics firm CryptoQuant has highlighted how the signals related to a Bitcoin bull run haven’t switched on yet. Bitcoin Bull Score Index Is Still Inside The Neutral Territory In a new post on X, CryptoQuant founder Ki Young Ju has shared the latest trend in the Bull Score Index for Bitcoin. This on-chain metric combines the data of several different indicators to give a single score for the network. Related Reading: XRP Declines 8%, But Whales Scoop Up 71 Million Tokens More specifically, the index makes use of ten metrics. Some of the popular ones part of it include the MVRV Z-Score, Trader Realized Price, and Stablecoin Liquidity. The Bull Score Index calculates its value in a simple manner: it counts up the number of metrics flashing a bullish signal for the cryptocurrency and multiplies the total by 10. When the indicator has a value greater than 60, it means more than six metrics are pointing to positive market conditions. Such a trend implies BTC may be