Empery Digital sells 1,400 BTC for $65M to fund AI pivot

Bitcoin miner Cleanspark (Nasdaq: CLSK) purchased 454 BTC worth about $29 million on July 7, lifting its treasury to 13,924 BTC even as much of the mining industry sells coins to survive the bear market. Swimming Against The Tide The purchase was made at an average price of roughly $64,000 per coin, according to trackers, […]

Empery Digital sold 1,400 BTC for debt, an AI data center deal, and legal costs, echoing Strategy's shift toward treating BTC as liquidity.

The post Standard Chartered Doubles Down on $100,000 BTC Target appeared on BitcoinEthereumNews.com. Strategy fears are overblown  Evolving price targets  Despite Bitcoin facing plenty of turbulence, financial giant Standard Chartered is sticking by its bullish prediction, forecasting that the price of the leading cryptocurrency by market capitalization will surge to $100,000.  Even though some analysts expect BTC to plunge way below the $60,000 level, the firm believes that the flagship cryptocurrency is actually a “screaming buy” at the current level (roughly $64,000).  Strategy fears are overblown  The market fear surrounding Strategy’s recent Bitcoin sales is actually overblown, according to Standard Chartered.  ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy Last month, BTC plunged lower amid concerns about STRC, the dividend-paying preferred stock issued by

Empery Digital sold 1,400 BTC for $87.1 million to repay debt, fund a property acquisition, cover legal expenses and support operations. The post Empery Digital trims Bitcoin holdings by $87M to fund debt and operations appeared first on Crypto Briefing.

The post Bitcoin’s Smoothed MACD Flips Bullish—Here Are The Levels That Could Confirm An Uptrend appeared on BitcoinEthereumNews.com. Bitcoin’s price may be coiling for a larger move after one of the market’s steadier momentum gauges shifted green. The smoothed long-term moving average convergence divergence (MACD) line has crossed into bullish territory, a signal that historically has aligned with extended rallies rather than short-lived bounces. The original report notes the flip now puts specific chart levels in the spotlight—levels that could determine whether the current recovery has enough fuel to become a genuine uptrend. The long-term MACD differs from the standard 12-26 setting traders often watch. By applying a smoother, the indicator filters out short-term noise and focuses on structural momentum shifts. When that line turns positive, it typically reflects buying pressure building over weeks or months, not hours. That is why the current signal carries more weight than a rout

Wallet in Telegram is offering tokenized access to SK Hynixs U.S. listing through xStocks as the AI memory leader makes its Nasdaq debut. The post Wallet in Telegram brings SK Hynix listing onchain through xStocks appeared first on Crypto Briefing.

The post a16z co-founder Marc Andreessen named to Federal Reserve AI task force appeared on BitcoinEthereumNews.com. Marc Andreessen, the co-founder of the venture capital firm Andreessen Horowitz (a16z), will help lead a new Federal Reserve task force focused on studying how artificial intelligence changes productivity and employment.  The Federal Reserve has launched four other similar initiatives and announced Andreessen’s appointment on July 9. How is AI changing the workplace? The Federal Reserve recently announced that Marc Andreessen, the co-founder of Andreessen Horowitz, will co-lead a panel called Productivity and Jobs alongside Charles I. Jones, a Stanford economics professor currently on leave at the AI company Anthropic, and Asha Sharma, who serves as Microsoft’s executive vice president and Xbox CEO.  The panel is one of five task forces created by Fed Chair Kevin Warsh to challenge how the central bank reaches monetary policy decisions. The other four groups will focus o

The post JPMorgan’s AI Portfolio Bet Echoes Jack Dorsey’s Vision, But With a Big Warning appeared on BitcoinEthereumNews.com. JPMorgan’s artificial intelligence (AI) agents beat a traditional 60/40 portfolio across two decades of backtests. The bank celebrated the result, then warned investors not to trust it. The test asks whether AI can move from assisting analysts to allocating capital itself. It lands as Jack Dorsey champions a similar shift in how people work with machines. How JPMorgan’s AI Agents Beat the 60/40 Portfolio JPMorgan’s cross-asset strategy team built eight AI agents that move between stocks and bonds as conditions change. The strategists, led by Thomas Salopek, shared the results in a July 9 note. The system reads four macro regimes set by growth and inflation. The benchmark is fair and meaningful. The 60/40 split anchored balanced portfolios for decades. In 2022 it had its worst year since 1937, when stocks and bonds sank together. The agents favored stocks when gr