U.S. listed company Addentax plans to raise $200 million through a rights issue to support its cryptocurrency and AI strategies

US Economic Calendar in Focus as Bitcoin Loses Recent Gains

The PCE inflation report comes this week, and analysts say it could have massive impact on Bitcoin, after last week’s CPI report boosted the crypto and stock markets. The market is drowning in red, with Ethereum and Solana losing over 4%, while XRP and DOGE dipped over 8%; BTC has lost $40

Strategy's average BTC holding cost has decreased for the first time in 2.5 years

Odaily Planet Daily reports that according to Arkham monitoring, Michael Saylor's average purchase price of BTC has decreased. Strategy bought BTC for $168.4 million, causing MSTR's average cost basis to drop by $29, down to $76,027. This is the first time since September 25, 2023, that this data has decreased in nearly two and a half years.

Arthur Hayes warns of a credit crisis caused by AI, Bitcoin could hit a new high

Arthur Hayes warns that the recent divergence between Bitcoin and Nasdaq 100 tech stocks signals a potential AI-driven credit crisis, prompting central banks to resume large-scale money printing. He argues Bitcoin acts as a liquidity indicator and predicts consumer debt defaults if 20% of US knowledge workers lose jobs, resulting in significant credit losses. Hayes anticipates regional banks will face immediate pressure, leading to a credit freeze and a Fed response that could push Bitcoin to new highs. His company may also invest in altcoins Zcash and Hyperliquid when the Fed changes its policy.