Today's Crypto and Bitcoin News

What, did Google really develop ChatGPT a year earlier than OpenAI?It's not that Google backtracked afterward; this time it's an insider from OpenAI—Tibo, head of Codex, just confirmed the news:That was the previous year's version of ChatGPT. It was originally called LMChat, then later changed to an

Google has announced the suspension of its AI image generation feature in Google Earth, which was shut down less than 48 hours after launch due to risks of misinformation. Previously, Google integrated the AI image generation model Nano Banana2 into Google Earth, allowing users to generate fictional

Heavy deleveraging in a choppy market can often turn bullish if the impact remains limited.Right now, Solana’s [SOL] price action is showing a similar setup. One analyst pointed out that Bitfinex whales have closed massive long positions, meaning these whales have cut their bullish exposure and exit

The U.S. Senate has entered a critical week for the Digital Asset Market CLARITY Act, with just days left before lawmakers break for the August recess. While crypto advocates continue pushing for the bill, former CFTC Chairman Chris Giancarlo has urged the industry not to treat the legislation as an

According to ME News, on August 3 (UTC+8), Moonshot AI plans to submit its Hong Kong IPO application as early as this month, potentially raising around $3 billion. Records show that Moonshot AI recently completed a $3.5 billion Series F financing round, pushing its post-money valuation to $35 billio

DeepSeek’s latest AI model is the cheapest to run among well-known models. The cost gap isn’t marginal.The numbers that spooked Wall StreetDeepSeek’s R1 model, which launched in January 2025, operates at roughly $0.14 per million tokens. For context, OpenAI’s comparable offering was priced at $7.50

Article by Li Jia, Wall Street JournalAfter the Federal Reserve Chair's first press conference, market doubts about the Fed’s resolve to combat inflation are growing. Bank of America Securities warned in its latest report that monetary policy operates like the “Anna Karenina principle”—success requi

PANews, August 3: CryptoQuant analyst Zizcrypto stated that the current percentage of unrealized losses for Bitcoin is 35.2%, meaning approximately 35% of the tracked supply is currently underwater. While this metric remains above 20%, it has now fallen below the deep pressure zone of >40% and is...

Crude Oil & IndicesAt the start of this weekend, tensions between the U.S. and Iran continued to escalate.On Friday, U.S. officials revealed that Trump has ordered a new large-scale strike against Iran, with operations potentially beginning over the weekend and energy infrastructure possibly targete

CoinDesk reports:Bitcoin rose to $63,697 early on August 3 before retreating to around $62,747. This week, the market will be digesting five key U.S. economic data releases alongside earnings reports from multiple companies. Investors are closely watching whether this information will alter their ex

BitGo CEO Mike Belshe threw down a public gauntlet this week—staking a 100 BTC address and daring Anthropic’s Claude models to take it. What happened - On Aug. 1 Belshe, identified on BitGo’s site as the company’s co-founder and CEO, tweeted a Bitcoin address he said was sitting in a BitGo wallet w

CoinDesk reports:The expansion of AI infrastructure is bringing material supply issues to the forefront. CuspAI recently completed a $450 million funding round, valuing the company at $2.6 billion. Investors include Bezos Expeditions, Jeff Bezos’s investment firm. NVIDIA, AMD, and Meta are also coll

What to KnowBitcoin (BTC) led widespread market declines while Ethereum (ETH), BNB (BNB), XRP (XRP) followed lower alongside Solana (SOL).Smaller cryptocurrencies including Impossible Cloud Network Token (ICNT) outperformed major assets with strong double-digit gains and active trading volumes throu

ME News report, August 3 (UTC+8): According to TradingBeats (formerly Hyperinsight), among Hyperliquid’s three major storage-related assets—SKHX, MU, and SNDK—the three whale addresses with the highest single-order values have collectively placed 158 limit buy orders, totaling approximately $23.676

SHIB surged 17% weekly as token burns reached the highest level in one year.Rising futures volume and healthy derivatives activity strengthened bullish market sentiment.Holding $0.0000050 could open the path toward $0.0000060 and $0.0000070.Shiba Inu has regained strong momentum after several months