Author: MNK News
Crypto asset manager 21Shares is expanding into actively managed exchange-traded products as the market moves beyond simple price-tracking funds.Duncan Moir, president of 21shares, told Cointelegraph in an exclusive interview that because crypto is a nascent and growing asset class, it is particularly well-suited to active management.He said the company combines bottom-up research on individual assets with quantitative and discretionary top-down strategies to manage risk and position portfolios, adding that 21shares has been expanding its portfolio management and trading teams to support more sophisticated products.“We’ve had to hire and build out the team with people who have different trading and portfolio…
A crypto analyst has issued a bold long-term forecast for Bitcoin, predicting that a capital rotation out of gold and into Bitcoin will drive the asset to $800,000. This prediction is coming at a time when gold’s recent decline has caught many financial investors off guard. Biggest Gold To Bitcoin Rotation Is Coming Bitcoin has never lacked bold long-term projections, and over the years, some of the most optimistic forecasts have placed its future price well into six-figure territory and beyond. At different points in the cycle, these expectations have stretched as far as $1.5 million, especially during periods of…
OpenAI has postponed the launch of its controversial “adult mode” feature following intense pushback from its own advisory council and concerns about technical safeguards failing to protect minors. The Wall Street Journal reports that CEO Sam Altman first proposed the feature last year, arguing for the need to “treat adult users like adults” by enabling erotic text conversations. Originally scheduled for Q1 this year, the rollout has been pushed back by at least a month. The proposal triggered fierce opposition from OpenAI’s own handpicked advisory council on well-being and AI. At a January meeting, advisers unanimously expressed fury after learning…
Bitcoin is holding above $70,000. The number looks resilient. The geography behind it tells a more cautious story. An Arab Chain report tracking real-time exchange pricing has identified a spread that cuts against the bullish surface reading: Bitcoin is currently trading at $70,747 on Binance and $70,533 on Coinbase — a gap of -$213.95, with the global exchange leading the American one. That difference, small in percentage terms, is significant in what it reveals about who is actually buying. Related Reading The Coinbase-Binance spread is one of the oldest and most reliable demand gauges in crypto markets. When Coinbase trades…
American A.I. and robotics companies are reportedly asking Congress to impose curbs on Chinese robotics manufacturers, due to their unfair business practices and the security risks they pose, Chinese media complained this week. Interestingly, these concerns are particularly acute for humanoid robots, not the bulky industrial machines traditionally associated with the robotics industry. Humanoid robots, the stuff of countless science fiction stories, are finally happening, and witnesses told the Cybersecurity and Infrastructure Protection Subcommittee of the House Homeland Security Committee on Tuesday that China has developed a troubling lead in the new consumer technology. Max Fenkell of the San Francisco-based…
WASHINGTON (AP) — The Justice Department has settled for roughly $1.2 million a lawsuit from Michael Flynn, the former national security adviser to President Donald Trump who pleaded guilty during the Republican’s first term to lying to the FBI about his conversations with a top Russian diplomat and was later pardoned.Court papers filed Wednesday do not reveal the settlement amount, but a person familiar with the matter, who spoke to The Associated Press on condition of anonymity to disclose nonpublic information, confirmed the total as about $1.2 million. The settlement resolves a 2023 lawsuit in which Flynn sought at least…
Today marks the start of the 2026 baseball season and in what has sort of become an annual tradition, T-Mobile is once again offering a free subscription to MLB.TV.In order to take advantage of the deal, T-Mobile customers simply need to log into the T Life app, navigate to the Benefits tab and then hit Redeem after clicking the banner for a free season of MLB.TV. From there, you just need to download the latest version of the MLB app to your mobile device and sign in or create an account. That said, this is a time-limited offer, so if…
Federal prosecutors have charged three individuals connected to server manufacturer Super Micro Computer, including the tech giant’s co-founder, with illegally diverting billions of dollars worth of Nvidia-powered AI servers to China in violation of U.S. export controls. CNBC reports that the U.S. Attorney’s Office for the Southern District of New York unsealed an indictment on Thursday charging Yih-Shyan “Wally” Liaw, Ruei-Tsan “Steven” Chang, and Ting-Wei “Willy” Sun with violating the Export Control Reform Act. The charges relate to an alleged scheme to smuggle advanced AI technology containing Nvidia chips to China, despite strict export restrictions designed to protect U.S. national…
The private equity firm is expanding its fitness and wellness involvement by backing KidStrong, a youth fitness franchise with 184 locations KidStrong, a leading franchisor and operator of science-based kids training programs, has received a strategic investment from Princeton Equity Group as the private equity firm pushes deeper into the fitness and wellness industry. Financial details of the investment weren’t disclosed. Founded in 2015, KidStrong is known for its science-backed programming created by child development experts, educators, occupational therapists and sports performance specialists. Its mission centers on helping kids become stronger and more confident through 45-minute classes for children up…
Crypto analyst Crypto Patel has outlined a roadmap for how Bitcoin could rally to $300,000. The analyst also indicated that investors will have the opportunity to buy at lower levels, as he predicts BTC will first drop to $44,000. Roadmap For The Bitcoin Rally To $300,000 In an X post, Crypto Patel laid out the roadmap for the Bitcoin rally to $300,000. First, he stated that BTC will bounce into the $89,300 to $98,000 range, which is the higher timeframe bearish order block. Once that happens, he predicts the leading crypto will face rejection from that zone, triggering the final…