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Bitcoin Predicted to Hit $70k Price Level Before A Significant Retracement

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The price of Bitcoin is currently battling through another period of market uncertainty, as traders on prediction platform Polymarket, are signaling that the cryptocurrency may decline further before a significant move higher.

According to the latest data from the popular prediction platform, there is an 84% probability that Bitcoin hits $70,000 first, compared to just 16% for reaching $90,000 before touching $70k.

The $70,000 price level, according to market participants, is a milestone viewed as both a psychological and technical target, before entering a more pronounced retracement phase.

The prediction highlights the delicate balance between bullish momentum and profit-taking pressure as investors continue to assess the next stage of Bitcoin’s market cycle.

As at the time of writing this report, Bitcoin is currently trading at $73,625, amid bearish pressure. The crypto had traded above the $82k level this month, as geopolitical tension erases gains of investors.

According to CryptoQuant, an increasing number of Bitcoin holders are seeing their investments turn red as the holding structure continues to deteriorate across major cohorts.

CryptoQuant noted that the long-term holder supply reached a fresh record of 15.8 million BTC, but it is a bearish configuration signaling the absence of new market entrants.

Bitcoin is at a pivotal level as bearish setups emerge, prompting some analysts to warn of a potential 15% correction if a critical support area doesn’t hold.

Several factors appear to be driving this bearish tilt

Bitcoin has pulled back from higher levels and is testing support zones around $73k–$74k. A drop from $73.5k to $70k represents a relatively common 4–5% move for Bitcoin, often viewed as a healthy retest.

Broader concerns around macroeconomic pressures, ETF flows, and profit-taking after previous rallies are also weighing on confidence for an immediate surge to $90k. Additionally, $70k remains a major psychological and on-chain support area where significant buying interest has historically emerged.

Analyst Ali Martinez affirmed that BTC reached a major support zone after losing the $75,000-$76,000 area. He previously said that leading crypto has been consolidating inside an ascending channel that has been developing since the early February crash.

As he explained, if Bitcoin broke above the $78,258 resistance, it could trigger a rally toward the $84,000 barrier, while breaking below the $75,733 support could push the price toward the late March-early April lows. Now, the price is consolidating at the lower boundary of the ascending channel, which could set the stage for a 15% drop.

However, not everyone has a bearish sentiment on Bitcoin. Several prominent traders and market analysts remain firmly bullish, arguing that the current weakness represents a temporary correction rather than the end of the broader uptrend.

Among them is Michael van de Poppe, who has consistently maintained that Bitcoin remains in a long-term bull market and that pullbacks should be viewed as opportunities for accumulation.

Veteran trader Peter Brandt has also noted that sharp retracements are a normal feature of bull markets, while popular analyst Titan of Crypto continues to project higher price targets based on technical indicators and historical market cycles.

Meanwhile, Michael Saylor remains one of Bitcoin’s most outspoken bulls. Despite the latest downturn, Saylor has repeatedly encouraged investors to focus on Bitcoin’s long-term value proposition rather than short-term price fluctuations, often reiterating his commitment to holding and accumulating the asset.

Outlook

A bounce from current levels could quickly invalidate the downside bet if Bitcoin reclaims $76k–$78k resistance. Many traders/ investors see the polymarket 84% figure as a buying opportunity rather than a warning.

This Polymarket contract highlights the current tug-of-war in crypto sentiment. While short-term caution dominates betting, Bitcoin’s history shows it often defies crowd expectations.

Whether Bitcoin dips to $70k first or surprises with upside momentum, volatility remains the name of the game.

Anthropic Releases Rapid Opus 4.8 and Pushes Toward “Mythos-Class” Models

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Anthropic has released Opus 4.8, the latest version of its flagship public AI model, in another move underlining how quickly competition is intensifying at the top end of the generative AI market.

The launch comes just 41 days after the release of Opus 4.7, an unusually compressed update cycle for Anthropic and a sign that frontier AI labs are increasingly operating under pressure to deliver continuous improvements as rivals rapidly iterate their own systems.

The accelerated cadence follows a mixed reception to Opus 4.7, which some developers and enterprise users viewed as underwhelming compared with expectations surrounding Anthropic’s premium-tier models. The company now appears eager to reassert technical leadership as competition from OpenAI and Google intensifies.

Over the past month alone, OpenAI expanded deployment of Codex-related capabilities while Google pushed new iterations of its Gemini Flash family, raising expectations for faster reasoning, coding performance, and lower hallucination rates across the industry.

Anthropic is positioning Opus 4.8 not only as a stronger reasoning model, but as one designed to behave more cautiously and transparently when faced with incomplete or unreliable information, an area increasingly viewed as critical for enterprise adoption.

According to the company, early testers found the model was more willing to acknowledge uncertainty and less likely to generate unsupported conclusions. That emphasis reflects growing demand from financial institutions, legal firms, and large corporations for systems that can identify ambiguity instead of confidently producing flawed outputs.

Executives and researchers across the AI sector have become increasingly concerned that as models grow more powerful, users may place excessive trust in generated analyses that still contain subtle factual or logical errors. Anthropic’s messaging around Opus 4.8 suggests the company is trying to differentiate itself on reliability and controllability rather than raw benchmark performance alone.

Bridgewater Associates, one of the early testers cited by Anthropic, said the model stood out because it proactively identified problems in both inputs and outputs during analysis, reducing the burden on users to catch hidden issues themselves.

That positioning aligns with Anthropic’s broader strategy. Since its founding by former OpenAI researchers, the company has consistently emphasized AI safety, interpretability, and alignment as commercial advantages, particularly for enterprise and government customers wary of uncontrolled model behavior.

Alongside the model release, Anthropic also unveiled a research-preview feature called Dynamic Workflows, designed to coordinate large-scale tasks across multiple AI subagents operating in parallel. The feature points to a broader shift occurring across the AI industry: companies are increasingly moving beyond standalone chatbots toward orchestrated agent systems capable of managing complex workflows autonomously.

Anthropic says the system allows Claude Code, paired with Opus 4.8, to handle massive software migrations involving hundreds of thousands of lines of code, from initial planning to final integration and testing. That capability underpins a growing industry focus on automating high-value engineering work rather than simply generating snippets of code. Major AI firms are now racing to build systems that can act more like autonomous collaborators capable of navigating large repositories, debugging problems, coordinating tasks, and validating outputs with minimal human supervision.

The release also offered one of Anthropic’s clearest signals yet that its more advanced Mythos model may be approaching broader deployment. Mythos generated intense debate after a limited preview last month triggered concerns about cybersecurity risks and offensive capabilities.

The company has since delayed the wider rollout while developing additional safeguards, amid mounting scrutiny from policymakers and security agencies over frontier AI systems that could accelerate cyberattacks or exploit software vulnerabilities.

Anthropic said Thursday it is making “swift progress” on those safeguards and expects Mythos-class systems to reach customers within weeks.

That timeline places the company at the center of a consequential debate inside Washington and Silicon Valley over how powerful AI systems should be governed.

The release comes as the Donald Trump administration weighs new oversight mechanisms for frontier AI models, including proposals for voluntary government review before public deployment. Anthropic has emerged as one of the companies most closely associated with calls for stronger safety guardrails, even as rivals push for lighter regulation to preserve development speed.

The stakes extend beyond technical prestige for Anthropic, which is now competing in a market where model improvements are measured by how effectively systems can automate enterprise work, reduce costly errors, and operate safely at scale.

NBA Moves Toward AI Refereeing as Adam Silver Targets Faster Games and Fewer Replay Disputes

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The National Basketball Association is preparing for one of the most significant officiating changes in modern professional sports, with Commissioner Adam Silver confirming that artificial intelligence will soon automate a category of referee decisions currently responsible for some of the league’s most disruptive stoppages.

Speaking on ESPN’s The Pat McAfee Show, Silver said the NBA plans to introduce an AI-powered camera system capable of instantly determining possession calls such as out-of-bounds rulings, removing those judgments from on-court referees and sharply reducing replay reviews.

The shift mirrors the adoption of Hawk-Eye technology in professional tennis, where electronic line-calling has largely replaced human judges in determining whether balls land in or out. Silver suggested the NBA envisions a similar model for objective calls.

“We’re going to move to a system like that where that whole category of calls will be automatic,” Silver said. “It’s going to be Laker ball, Knick ball, whatever it is.”

The planned system would rely on cameras positioned throughout arenas to track player movement and ball contact in real time. Instead of referees huddling around replay monitors for several minutes while fans wait, possession rulings could be delivered almost instantly by the automated system.

The NBA has spent years trying to balance officiating accuracy with entertainment flow. Expanded replay review and coach’s challenges have improved precision in some areas, but they have also lengthened games and generated mounting frustration among viewers, broadcasters, and teams over repeated interruptions.

Silver’s comments indicate that the league now sees AI not merely as a support tool, but as a direct replacement for human judgment in narrowly defined categories where machine vision can outperform referees in speed and consistency.

The league appears to be drawing a sharp distinction between objective and subjective officiating. Out-of-bounds calls, goaltending reviews, and timing determinations can be measured through tracking systems and visual analysis. Fouls, however, remain more complicated because they involve context, intent, positioning, and varying levels of contact.

Silver emphasized that referees would still be essential for interpreting physical play.

“There’s often contact on every play, but that doesn’t mean there’s a foul on every play,” he said. “That’s something that can’t just be done on camera.”

That distinction is important because officiating crews remain central to how the NBA manages game flow, player conduct, and competitive balance. Fully automating foul decisions would likely trigger major resistance from players, coaches, and fans who already debate the consistency of officiating standards across games and playoff series.

A broader transformation is going on across global sports, where AI and computer vision are increasingly being integrated into officiating and performance analysis.

Professional tennis has already normalized automated line calling. Soccer has introduced semi-automated offside technology. Baseball continues experimenting with automated strike zones in the minor leagues. Cricket, Formula One, and the NFL have all expanded their use of real-time tracking and replay systems.

For the NBA, the technology push comes at a time when the league is also investing heavily in data analytics, player tracking, and media innovation as it competes for younger audiences accustomed to faster digital experiences.

But reducing replay interruptions carries commercial implications as well. Faster games improve broadcast pacing, reduce viewer fatigue, and help streaming partners retain audiences in an increasingly fragmented media environment.

Silver did not provide a launch date, but his comments suggest implementation may come sooner rather than later.

“It will be fairly quickly,” he said.

The challenge for the NBA will be ensuring that the technology is trusted by teams and fans during high-pressure moments, particularly in playoff games where possession rulings can decide outcomes.

Even if AI removes some of the league’s most controversial replay reviews, it is unlikely to eliminate debates over officiating entirely. In basketball, the most contentious decisions are often not whether the ball touched a player’s fingertip, but whether contact warranted a whistle in the first place.

That means the next era of NBA officiating may involve a hybrid model: machines handling precision, humans handling interpretation.

U.S. CFTC Seeks to Erase Crypto Exchange, Gemini’s $5m Penalty

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The U.S. Commodity Futures Trading Commission has moved to scrap a $5 million enforcement penalty against crypto exchange Gemini, marking one of the clearest signs yet of how dramatically Washington’s approach to digital assets has shifted under President Donald Trump.

In a filing submitted Wednesday, the CFTC asked a federal judge to vacate the settlement it reached with Gemini Trust Company earlier this year, arguing that the agency should never have pursued the case in the first place. The regulator now says the lawsuit against the exchange founded by twin brothers Tyler Winklevoss and Cameron Winklevoss relied on a flawed whistleblower account and reflected what it described as “inappropriate tactics” by the previous administration.

The reversal is striking because the case had already been settled in January 2025, during the final stretch of former President Joe Biden’s administration. Under that agreement, Gemini paid a $5 million fine and accepted restrictions barring it from making false or misleading statements to the regulator regarding its bitcoin futures operations.

Now, both Gemini and the CFTC are jointly asking the court to unwind the entire arrangement.

The development underscores the extent to which federal crypto oversight is being rewritten as Trump’s administration moves away from the aggressive enforcement posture that defined the Biden years. It also highlights the growing political influence of crypto executives who backed Trump’s return to office.

The Winklevoss brothers each donated $1 million worth of bitcoin to Trump’s 2024 campaign, making them among the most visible crypto-industry supporters of the president. Since returning to the White House, Trump has increasingly positioned himself as an ally of the digital asset sector, promising lighter-touch regulation and criticizing what his allies describe as politically motivated enforcement actions against crypto firms.

The court filing goes beyond merely requesting that the penalty be removed. It effectively accuses the previous CFTC leadership of weaponizing enforcement powers against Gemini.

According to the filing, the agency pursued the exchange instead of focusing on what Gemini says was the real misconduct: an alleged fraud scheme involving the company’s former chief operating officer and two customers who reportedly received improper rebates. The document claims regulators relied on unreliable testimony while ignoring evidence that Gemini itself had been harmed.

The filing also alleges that regulators used leverage unrelated to the enforcement case by delaying approval for Gemini’s prediction-market platform while litigation was ongoing. Gemini eventually received approval for the platform, called Gemini Titan, in December 2025.

The case comes as a part of reordering inside Washington’s financial regulatory structure as agencies recalibrate crypto oversight under new political leadership.

Trump’s initial choice to lead the CFTC, Brian Quintenz, became entangled in a dispute involving Tyler Winklevoss. Quintenz accused the Gemini co-founder last year of lobbying the White House to block his nomination because of the ongoing enforcement action. Trump later withdrew Quintenz’s nomination and instead selected Michael Selig to lead the agency.

For the broader crypto industry, the Gemini reversal is likely to be viewed as a signal that firms targeted during the Biden-era crackdown may seek to revisit past settlements or challenge ongoing investigations. It may also embolden exchanges and token issuers, arguing that prior enforcement actions exceeded regulatory authority or relied on ambiguous rules.

However, the decision is expected to further intensify criticism from lawmakers and consumer advocates who warn that regulators are retreating too far from oversight just as crypto markets regain momentum. Bitcoin prices and trading activity have rebounded sharply in recent months, while firms across the industry are pushing deeper into products tied to derivatives, prediction markets, and tokenized finance.

The unresolved question is whether courts will accept the government’s unusual request to undo a finalized settlement. Legal experts say such reversals are rare because settlements are generally designed to bring permanent closure to disputes. Another point of uncertainty is whether Gemini would recover the $5 million already paid to the government. The joint filing did not specify whether the penalty would be refunded.

Gemini’s founders first entered the public spotlight through their legal battle with Mark Zuckerberg over the origins of Facebook. They later became major players in the cryptocurrency industry, building Gemini into one of the most recognizable U.S.-based digital asset exchanges.

Now, their company is at the center of what may become a defining test of how far the Trump administration is willing to go in dismantling the previous administration’s crypto enforcement legacy.

Anthropic Raises $65 Billion in Series H Funding, Reaches $965 Billion Valuation

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Artificial intelligence company Anthropic has secured $65 billion in Series H funding, reaching a post-money valuation of $965 billion.

The funding round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, underscoring growing investor confidence in the company’s rapid expansion and enterprise adoption of its AI assistant, Claude.

The AI company also disclosed that the round includes $15 billion in previously committed investments from hyperscalers, including $5 billion from Amazon.

The newly raised capital is expected to strengthen Anthropic’s safety and interpretability research, expand compute infrastructure to meet rising demand for Claude, and scale the company’s products and strategic partnerships.

According to the company, global enterprises across multiple industries are increasingly deploying Claude in their core operations, while millions of users worldwide now rely on the platform for daily productivity tasks.

Krishna Rao, Chief Financial Officer of Anthropic, stated that Claude has become increasingly indispensable for the company’s growing global customer base.

In his words,

“Claude is increasingly indispensable to our growing global community of customers, and we work tirelessly to make tools like Claude Code and Cowork more helpful, more powerful, and more adaptable to their needs. This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens.”

Also commenting,

Philippe Laffont, Founder & Portfolio Manager of Coatue said,

“Since our initial investment in 2025, Anthropic’s focus on agentic coding and enterprise-grade AI systems has accelerated its progress toward large-scale adoption. The team’s ability to rapidly scale its offerings further positions Anthropic as a leader in a highly competitive AI market.”

Anthropic series H funding comes after its Series G funding round in February 2026. Recall that when it raised the funding earlier this year, the company stated that the investment will fuel the frontier research, product development, and infrastructure expansions that have made Anthropic the market leader in enterprise AI and coding.

Recently, Anthropic said adoption has accelerated significantly, with annualized revenue reportedly surpassing $47 billion earlier this month.

In recent weeks, the company has significantly expanded its compute capacity through agreements with Amazon for up to five gigawatts of new capacity, as well as collaborations with Google and Broadcom for five gigawatts of next-generation TPU capacity.

The company also secured access to GPU capacity through SpaceX’s Colossus 1 and Colossus 2 infrastructure. Notably, Anthropic noted that Claude is now the first frontier AI model available across the world’s three largest cloud platforms: Amazon Web Services, Google Cloud, and Microsoft Azure, with AWS remaining its primary cloud provider and training partner.

Business subscriptions to Claude Code have quadrupled since the start of 2026, and enterprise use has grown to represent over half of all Claude Code revenue.

Anthropic also highlighted that it trains and operates Claude using a diversified mix of AI hardware, including AWS Trainium chips, Google TPUs, and NVIDIA GPUs.

According to the company, this approach allows workloads to be matched with the most suitable hardware, resulting in improved performance and greater resilience for enterprise customers relying on Claude for mission-critical operations.

The company further stated that the growing demand from enterprises and developers reflects increasing trust in Claude for important business tasks.

As artificial intelligence moves toward large-scale implementation, Anthropic said it plans to continue investing in models, products, infrastructure, and strategic partnerships to strengthen its position in the evolving AI industry.