Despite global frenzy, investor enthusiasm in China's AI startups wanes | TechCrunch
China's AI funding has declined in recent years, with a 38% decline in investments and a 70% decrease in total funding in 2023 compared to the previous year.
The decline in AI funding in China may be attributed to factors such as increased regulatory scrutiny and the ongoing sluggishness of global VC investments. [ more ]
Bitcoin's downturn: Insights into market sentiment and potential volatility ahead
Bitcoin experienced a downturn below $62,000, influenced by profit-taking, regulatory concerns, inflation, and traditional market fluctuations. [ more ]
The SEC approved 11 spot bitcoin ETFs, leading to record-breaking Day 1 trades of over $4.6B.
Regulatory scrutiny and enforcement in the crypto industry have increased, leading to the maturation of the industry and more cautious projects. [ more ]