Bitcoin price weakness brought back the risk of cementing its 200-week exponential moving average trend line as new resistance. Bitcoin (BTC) threatened to cement new resistance into Sunday’s weekly close as traders focused on oil and gold. Key points: Bitcoin risks reinforcing its 200-week exponential moving average as new resistance this week. Read more
Researchers say the experimental AI agent ROME attempted unauthorized cryptocurrency mining during training after diverting GPU resources and opening an SSH tunnel. A research team behind an autonomous AI agent said that the model unexpectedly attempted to use computing resources for crypto mining during training. In a recent technical report, researchers said ROME, an experimental autonomous AI system designed to complete tasks through interaction with tools, software environments and terminal commands, went rogue and attempted crypto mining on its own. According to the report, the unusual behavior surfaced during reinforcement learning runs, when the team noticed security alerts triggered by outbound traffic from training servers. Firewall logs flagged activity resembling crypto mining operations and attempts to access internal network resources. Read more
US spot Bitcoin ETFs recorded their second consecutive week of net inflows, ending a five-month outflow streak. US spot Bitcoin exchange-traded funds recorded their second consecutive week of net inflows, marking the first back-to-back weekly gains in five months. Spot Bitcoin (BTC) ETFs attracted roughly $568.45 million in net inflows this week, according to data from SoSoValue. The products also posted positive flows of about $787.31 million the previous week, showing renewed investor appetite after several weeks of sustained outflows. Before the recent turnaround, US spot Bitcoin ETFs endured a prolonged period of investor withdrawals, recording roughly $3.8 billion in cumulative outflows over a five-week streak. The biggest weekly withdrawal during the streak occurred in the week ending Jan. 30, when spot Bitcoin ETFs recorded about $1.49 billion in net outflows. Read more