US Spot Solana ETFs Attract $188 Million in Inflows Last Week

US spot Solana ETFs experienced a significant influx of $188 million in net inflows last week, marking the highest level in ten months. This surge indicates a renewed confidence among investors towards the Solana ecosystem, as highlighted by the CryptoTwitter commentator @SolanaFloor. Such inflows could bolster the overall market sentiment as traders monitor Solana’s rising […]

Chinese hedge funds maintain AI bets despite recent losses

Chinese hedge funds’ steadfast AI investments, despite losses, highlight a strong belief in AI’s long-term potential, risking market volatility. The post Chinese hedge funds maintain AI bets despite recent losses appeared first on Crypto Briefing.

Bitcoin’s $85,000 test comes as Wall Street gets two different inflation stories

Bitcoin hit an intraday low of $82,563 on Sept. 28, just below a concentration of long-term holders’ purchase prices that Glassnode identified last week. Three US data releases now threaten to send different signals about the inflation and labor outlook that drives interest-rate expectations. On Sept. 30, the personal income and outlays report will measure […]

AI Must Create $4.2 Trillion in New Revenue by 2031, Bain Says

The artificial intelligence (AI) industry needs $6 trillion in yearly revenue by 2031, according to Bain & Company. Existing AI products may bring in up to $1.8 trillion of that, leaving a $4.2 trillion gap. The figures come from Bain’s 7th annual Global Technology Report, released on Tuesday. The firm frames the $6 trillion as […]