Bank of New York Mellon (BNY) CFO Dermot McDonogh told Fortune that the bank does not track AI token consumption as a metric, calling token costs “modest within modest” relative to broader engineering…
The Nasdaq Composite dropped roughly 1-2% as Alphabet raised its 2026 capex guidance to $195B-$205B and Tesla announced elevated AI spending plans, fueling investor fears that AI spending is outpacing…
Major cryptocurrencies fell 7-10% over the week as investor capital rotated from crypto into AI-related equities, with Dogecoin and Hyperliquid's HYPE token leading losses. The selloff was exacerbated…
US stock indices Dow, NASDAQ, and S&P 500 opened lower on Thursday as a tech-led selloff deepened, dragging cryptocurrency markets down with Bitcoin falling 2.5% to $62,300 and altcoin liquidations re…
Bitcoin faces a turbulent summer as institutional capital rotates into AI stocks and tech IPOs, with spot Bitcoin ETFs recording their second-largest three-week outflow streak of 62,794 BTC. K33 Resea…