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Hayes revealed that his firm holds leveraged Bitcoin exposure via Strategy and Metaplanet amid expectations of improving liquidity conditions. Despite notching an all-time high above $126,000, 2025 ended on a sour note for Bitcoin (BTC). In fact, the crypto asset lagged gold and the Nasdaq in the same period. BitMEX co-founder Arthur Hayes cited declining US dollar credit as the primary driver of underperformance. Tight Dollar Credit In his latest essay, “Frowny Cloud,” Hayes attributed Bitcoin’s weak showing last year primarily to a contraction in US dollar liquidity. He explained that dollar credit, described as the “most important force in…

XRP’s technical and onchain signals hint at a bullish breakout, with bulls eyeing a significant rally toward $2.80 by the month’s end.XRP’s (XRP) price may reach $2.80 by month’s end, according to several bullish technical setups on multiple time frames.Key takeaways:XRP technical chart setups converge on the $2.80 target.Spot taker CVD remains positive, suggesting confidence among buyers.XRP falling wedge breakout targets $2.70The XRP/USD pair broke out of a falling wedge pattern on Jan. 1, as shown on the two-day chart below.Related: XRP reclaims $2 as fund inflows diverge from broader crypto outflowsIn technical analysis, a falling wedge is a classic…

Hiring at large firms has long relied on interviews, tests, and human judgment. That process is starting to shift. McKinsey has begun using an AI chatbot as part of its graduate recruitment process, signalling a shift in how professional services organisations evaluate early-career candidates.The chatbot is being used during the initial stages of recruitment, where applicants are asked to interact with it as part of their assessment. Rather than replacing interviews or final hiring decisions, the tool is intended to support screening and evaluation earlier in the process. The move reflects a wider trend across large organisations: AI is no…

Coinbase CEO Brian Armstrong said the exchange cannot support the Senate Banking Committee’s latest draft of the CLARITY Act, warning that the bill, as written, would leave the U.S. crypto industry worse off than the current regulatory status quo. In a post on X, Armstrong cited several concerns, including what he described as a de facto ban on tokenized equities, new restrictions on decentralized finance that could grant the government broad access to users’ financial data, and provisions that weaken the Commodity Futures Trading Commission while expanding the Securities and Exchange Commission’s authority. “After reviewing the Senate Banking draft text…

Peek inside the package of AMD’s or Nvidia’s most advanced AI products and you’ll find a familiar arrangement: The GPU is flanked on two sides by high-bandwidth memory (HBM), the most advanced memory chips available. These memory chips are placed as close as possible to the computing chips they serve in order to cut down on the biggest bottleneck in AI computing—the energy and delay in getting billions of bits per second from memory into logic. But what if you could bring computing and memory even closer together by stacking the HBM on top of the GPU? Imec recently explored…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As the price of Ethereum slowly picks up pace following a brief rebound, a significant portion of the leading altcoin is currently being locked away in staking activity. Many institutions, such as Bitmine Immersion, have ventured into ETH staking, demonstrating the growing faith and interest in the investment method. Bitmine’s Ethereum Staking Gets A Boost In the burgeoning cryptocurrency market, Bitmine Immersion, a leading public company, continues to make decisive steps into the growing Ethereum ecosystem. Bitmine Immersion’s step into the ecosystem is evidenced by the company’s…

Ethereum has broken above $3,330 with rising volume and open interest, setting the stage for a potential move toward the $4,000 level. Ethereum (ETH), the second-largest crypto asset by market value, has moved out of a multi-week trading range and pushed above key resistance. The shift follows increases in trading volume and activity in both derivatives and spot markets. Ethereum Breaks Out Above $3,330 Ethereum moved past the $3,330 level, confirming a breakout from a symmetrical triangle on the daily chart, according to chartist Ali Martinez. This pattern had formed during a period of sideways movement. Ethereum $ETH breakout confirmed!…

The company’s move closer to artificial intelligence and high-performance computing followed many others repurposing some of their infrastructure away from mining crypto.Bitcoin mining company CleanSpark reached an agreement to buy land in Texas as part of a strategy to move deeper into AI and high-performance computing (HPC).In a Wednesday announcement, CleanSpark said it had entered a definitive agreement to buy 447 acres of land in Brazoria County, Texas as part of plans to develop a 300 megawatt (MW) data center, which could potentially be expanded to 600 MW. Combined with another initiative in the area, the data centers are “designed…

Key points:Bitcoin is showing considerable strength in the short term, opening the gates for a rally to $100,000 and then to $107,500.Select major altcoins are showing strength, but Monero (XMR) is leading from the front.After the sharp rally on Tuesday, Bitcoin (BTC) bulls are attempting to extend the gains above $97,000. The strong inflows of $753.8 million in BTC exchange-traded funds on Tuesday, according to Farside Investors data, show that the rally was backed by solid buying from institutional investors.Crypto sentiment platform Santiment said in a post on X that retail traders could FOMO if BTC begins “teasing $100k in…

Saks Global, the parent company behind the 159-year-old department store that’s become both a destination and a symbol for luxury fashion, filed for Chapter 11 bankruptcy protection on Wednesday after an unsustainable debt pile crushed its business. The company also announced former Neiman Marcus CEO Geoffroy van Raemdonck will immediately take over as chief executive, replacing Richard Baker. He had been in the job for just two weeks, but had been involved with Saks since Hudson’s Bay acquired it in 2013 when he was CEO of the Canadian department store. With van Raemdonck comes a revamped senior leadership team stacked…