AICoinDeskabout 1 hour ago
AI IPOs Pull Capital From Crypto
1 min read
SK Hynix's $24.5 billion U.S. IPO is more than seven times oversubscribed, and China's CXMT launches a $4.3 billion Shanghai IPO days later. These AI mega deals follow SpaceX and Cerebras, drawing capital away from crypto. Bitcoin has fallen roughly 50% from its all-time high to around $63,000.
Level
Hype check
Tap to vote and see what everyone thinks.
