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Key takeaways:Strong demand for US Treasurys and lower odds of a Fed rate cut indicate that investors are shifting toward safer assets, reducing interest in Bitcoin.Economic weakness in Japan and softer US job data add pressure to Bitcoin, limiting its use as a hedge in the near term.Bitcoin (BTC) has repeatedly failed to hold above the $92,000 level over the past month, prompting market participants to develop multiple explanations for the price weakness. While some traders point to outright market manipulation, others attribute the decline to rising concerns around the artificial intelligence sector, despite the absence of concrete evidence to…
Resolve AI, a startup developing an autonomous site reliability engineer (SRE), a tool that automatically maintains software systems, has raised a Series A led by Lightspeed Venture Partners, according to three people familiar with the deal. The headline valuation for the fresh round is $1 billion, sources said. However, the company’s actual blended valuation was lower because of a multi-tranched structure. In this setup, investors purchased some equity at a $1 billion valuation but acquired the remainder — likely a larger percentage of the round — at a lower price. This novel investment approach has recently become popular for the…
“King of Pop” Michael Jackson was among the rich and famous figures whose relationship with Jeffrey Epstein came to light on Friday when the Justice Department finally began releasing records related to its investigation into the late sex offender. One photo featuring Jackson shows the “Beat It” singer standing alongside Epstein in front of a painting of a woman lying topless on a beach. Another shows Jackson with singer Diana Ross and former President Bill Clinton on what appears to be a private plane. None of them have been accused of any wrongdoing in regards to Epstein. Michael Jackson, Bill…
Tech influencer and longtime YouTuber Lamarr Wilson died last month by suicide at age 48, officials confirmed on Friday. According to public records from the Los Angeles County Medical Examiner’s Office, Wilson died from asphyxia and suffocation at an L.A. residence on Nov. 21. No additional details were released. Concern for Wilson first began swirling in mid-November when fans noticed that the content creator, who typically posted on his channels multiple times a week, hadn’t shared an update in several days. His last video was posted on Nov. 12. His family confirmed his tragic death on Dec. 13. “We the Wilson Family…
Nahda Nabiilah is a writer and editor from Indonesia. She has always loved writing and playing games, so one day she decided to combine the two. Most of the time, writing gaming guides is a blast for her, due to it being two of Nahda’s favorite things. She strives to make detailed and easy-to-follow guides. Avatar Frontiers of Pandora takes fans of the Avatar movies on a journey to explore Pandora. Not only that, but players get to create and customize their own Na’vi and build them however they want to. Then, players can use their Na’vi to combat enemies…
Veteran trader Peter Brandt said the potential passage of the US Clarity Act is unlikely to have a significant impact on Bitcoin’s price, after indications that it could pass Congress as soon as January.“Is it a world-shaking macro development? Nope. Needed for sure, but not something that should redefine value,” Brandt told Cointelegraph on Friday. “Having an asset regulated, particularly an asset for which die-hard investors never wanted to be regulated, is not an earth-shattering event,” he added.His comments came after White House crypto and AI czar David Sacks said on Thursday, ”We are closer than ever to passing the…
AI coding assistant Cursor announced that it has acquired Graphite, a startup that uses AI to review and debug code. Although the terms of the deal were not disclosed, Axios reported that Cursor paid “way over” Graphite’s last valuation of $290 million, which was set when the five-year-old company raised a $52 million Series B earlier this year. The tie-up makes strategic sense. The output of code generated by AI is often buggy, forcing engineers to spend a lot of time on corrections. Even though Cursor offers AI-powered code review through its Bugbot product, Graphite’s specialized toolset provides a distinct…
By ANTHONY IZAGUIRRE ALBANY, N.Y. (AP) — Rep. Elise Stefanik announced Friday that she is suspending her campaign for New York governor and will not seek reelection to Congress, abruptly bowing out of what was expected to be a bruising Republican primary and ending a once-promising tenure in the House. Stefanik, an ally of President Donald Trump, said in a statement that she was confident of her chances in the Republican primary for governor against Bruce Blakeman, a county official in New York City’s suburbs. But she said, “It is not an effective use of our time” to stay in…
A federal judge has overturned the conviction of Karl Jordan, one of the two men accused of killing Run-DMC legend Jam Master Jay, the Daily News has learned. In a decision filed in federal court Friday, U.S. District Judge LaShann DeArcy Hall granted the acquittal asked for by Jordan’s attorneys. A new trial was not ordered. A similar request for acquittal by Jordan’s alleged accomplice, Ronald Washington, was denied. Jordan’s attorney Michael Hueston told the Daily News, “On behalf of Mr. Jordan and his family, today’s decision brings a measure of solace as they approach the holiday season.” Washington’s attorney, Susan…
The hardware world had a brutal week, with iRobot, Luminar, and Rad Power Bikes all filing for bankruptcy. Each company faces its own mix of tariff pressures, supply chain issues, and shifting markets, but together they tell a larger story about the challenges of building physical products in an era of global trade tensions and cheap overseas competition. From the Roomba maker that almost got acquired by Amazon to the e-bike company that couldn’t escape its Chinese supply chain, this week’s bankruptcies are a warning sign for hardware startups everywhere. Today on TechCrunch’s Equity podcast, hosts Anthony Ha, Rebecca Bellan, and Sean O’Kane discuss what went wrong for three once-promising…