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Economist and macro trader Alex Krüger has argued that “crypto” has largely failed as an asset class, even as blockchain-based adoption accelerates across stablecoins, tokenization, prediction markets, perps, AI and privacy-focused assets. In a post on X, Krüger drew a sharp distinction between the speculative crypto market of recent cycles and the parts of the industry he believes are still showing meaningful traction. His central claim was blunt: most crypto tokens have failed to produce durable value for holders, while founders and insiders have repeatedly used the sector’s weak guardrails to extract liquidity from retail investors. “I largely think of ‘crypto’ as a failed asset class at this point,” Krüger wrote. “I’ve written about the causes multiple times. Mainly, most crypto assets are worthless, or have dreadful value accrual, and most founders have abused the lack of guardrails and dumped on people indiscriminately, or are outright scammers.” Krüger said the damage was compou
Read full articleThis incident could undermine trust in prediction markets, potentially deterring future participants and affecting market integrity. The post Polymarket accused of changing settlement rules to void winning bet on Strategy Bitcoin sale appeared first on Crypto Briefing.
Alphabet's massive AI investment signals a tech arms race, potentially reshaping global AI infrastructure and impacting market dynamics. The post Alphabet raises $84.75B in upsized equity offering to fund massive AI buildout appeared first on Crypto Briefing.
OpenAI's distancing from lobbying highlights the growing influence and strategic convergence of AI and crypto in shaping future regulations. The post OpenAI CEO Sam Altman distances firm from lobbying efforts during Capitol Hill visit appeared first on Crypto Briefing.
Insider Brief PRESS RELEASE — Gaxos.ai Inc. (“Gaxos” or the “Company”), a company developing artificial intelligence applications across various high-growth sectors, has announced that Amazon Web Services (“AWS”) has committed additional funding to accelerate Gaxos Labs’ AI-powered sales coaching platform. The additional AWS support strengthens Gaxos’ push into the multibillion-dollar sales technology market and advances the Company’s […]
Ark Invest's strategic focus on AI infrastructure highlights a long-term commitment to tech innovation, influencing market dynamics and investor sentiment. The post Ark Invest buys 267,582 shares of Google in $96M bet on Alphabet’s AI future appeared first on Crypto Briefing.
The lawmakers are also asking the FTC for information on whether it has plans to take investigative or enforcement action against prediction markets for possible deceptive practices.
AI firm Anthropic mapped a year’s worth of AI-enabled cyber threats, finding that malicious actors are quickly becoming more dangerous with AI.
An in-depth overview of Augur, its prediction market model, the REP token, ecosystem context, risks, and practical considerations. The post Augur: Decentralized Prediction Markets and Token Mechanics appeared first on BiteMyCoin.
