Bitcoin (BTC) briefly traded above $70,000 yesterday for the first time since June 2. Short liquidations reached $2.74 billion over the past 24 hours. The rally started with policy signals from Washington. Forced short covering then amplified the move, turning a macro catalyst into a cascade across derivatives
The Commodity Futures Trading Commission (CFTC) has requested public comment on compute derivatives contracts, its formal move toward overseeing a market that prices the computing power behind artificial intelligence. The regulator announced the request on August 19, as the Chairman told a White House gathering that
Hyperliquid Strategies (PURR) closed 30.4% higher on Wednesday, outpacing the gain in Hyperliquid (HYPE) token’s price after President Donald Trump said regulators are working to bring the exchange onshore. The Nasdaq-listed company holds HYPE as a digital asset treasury. Its shares moved further on the news than the
OpenAI Chief Financial Officer Sarah Friar said that the artificial intelligence (AI) lab will go public in 2027. She added that the debut could arrive sooner if the “business continues to inflect.” Friar delivered the timeline at an all-hands meeting on Wednesday, more than two months after OpenAI submitted a