Gold suffered a massive $2.5 trillion market cap dip comparable to the entire Bitcoin market, showing that “safe-haven” assets are not immune to volatility. Gold, one of the oldest and most trusted stores of value, suffered a brutal sell-off in just 24 hours, wiping out trillions of dollars in market value, more than the entire value of Bitcoin. The gold market extended Tuesday’s massive correction, with $2.5 trillion being erased from its market cap on Wednesday, according to the financial analysis publication, The Kobeissi Letter. Putting gold on track for its largest two-day decline since 2013, the 8% drop has sparked panic among investors who had turned to the metal as a hedge against inflation and market volatility after its 60% surge earlier in 2022. Read more
Fewer buyers and weakening price technicals could spell trouble for the BNB price, as bulls must hold $1,000 support or face a deeper correction. Key takeaways BNB price must hold $1,000 support to avoid a deeper correction to $845. Spot taker CVD remains negative, suggesting waning demand. Read more
DeepSeek was the only AI model to generate a positive return on Wednesday, despite having the smallest development budget among its peers. Chinese artificial intelligence models are outperforming their United States counterparts in cryptocurrency trading, according to data from blockchain analytics platform CoinGlass, as competition between leading generative AI chatbots intensifies. AI chatbots DeepSeek and Qwen3 Max, both developed in China, led the ongoing crypto trading experiment on Wednesday, with the former being the only AI model to generate a positive unrealized return of 9.1%. Qwen3, an AI model developed by Alibaba Cloud, came in second with a 0.5% unrealized loss, followed by Grok with a 1.24% unrealized loss, according to blockchain data platform CoinGlass. Read more
Bitcoin price analysis hinted that the correlation between BTC price action and M2 money supply may end in a repeat of the late 2020 bull run. Key points: Global M2 money supply could send Bitcoin to $500,000 if it repeats its 2020 expansion. The price increased six times after the worldwide COVID-19 money printing spree. Read more
Open banking facilitates access to rural financial services and digital asset integration, but traditional banks pose potential restrictions. Opinion by: Senator Cynthia Lummis When people think of digital assets and financial innovation, they often picture Silicon Valley or Wall Street. Wyoming, with its vast open spaces, unique economy and remote communities, however, makes a compelling case for why digital assets, fintech and open banking are so important. Read more