Crypto Biz: Institutions tighten their grip on Bitcoin, AI and prediction markets
Institutional crypto adoption accelerates as Tether expands Bitcoin holdings, miners pivot to AI and Polymarket joins Nasdaq amid $1 billion fund outflows....
Key takeaways
- 1Digital asset funds experienced over $1 billion in outflows as geopolitical tensions between US and Iran escalated.
- 2Tether acquired SoftBank's 26% stake in Twenty One Capital, which holds 42,000 BTC worth $3.34 billion.
- 3Bitcoin miners are pivoting to AI infrastructure, leveraging their power access and data centers for high-performance computing.
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Why it matters
Institutional Bitcoin adoption remains strong despite macro shocks, with major players consolidating control and diversifying into AI—signaling crypto's evolution beyond speculation. For Indian investors, this shows Bitcoin's institutional legitimacy growing while regulatory clarity on crypto-AI convergence becomes critical for India's tech policy.
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