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BlackRock, the world's largest asset manager, reaffirms its confidence in Bitcoin despite the cryptocurrency's 50% price plunge. The financial giant maintains its long-term investment case for Bitcoin, arguing that fundamentals remain intact despite forced liquidations and weaker Exchange Traded Product (ETP) flows.

BlackRock's statement comes amid a challenging market environment for cryptocurrencies, with growing competition from AI-themed investments and pressure on ETP flows. The firm's position signals that financial institutions continue to view Bitcoin as a strategic digital asset with potential for recovery and sustained long-term growth, regardless of short-term volatility.

The HYPE token surged 11% after President Donald Trump announced during a White House meeting that CFTC Chairman Mike Selig is working to bring the perpetual futures platform Hyperliquid to the U.S. under federal regulations. The immediate market reaction demonstrates how regulatory announcements can significantly impact cryptocurrency valuations and investor sentiment.

This development marks a potential shift in U.S. cryptocurrency policy under the Trump administration, signaling a more accommodating approach toward established crypto platforms. Hyperliquid's entry into the American market could intensify competition among derivatives exchanges and potentially increase liquidity for U.S. traders. Market participants are closely monitoring CFTC's progress, as this regulatory framework could set precedents for other crypto platforms seeking U.S. market access.

OpenAI is falling behind competitor Anthropic as financial losses continue to mount, with CEO Sam Altman announcing a pause in frontier AI training to strengthen safety protocols. This strategic shift comes amid intensifying competition in the artificial intelligence sector, where the race for technological advancement is being tempered by growing concerns about safety and ethical implications. The decision to halt reinforcement-learning development at the cutting edge signals a potential recalibration of priorities within the AI industry, where responsible innovation is increasingly becoming as important as speed and capability. As regulatory scrutiny intensifies around advanced language models and their potential risks, OpenAI's move could set a precedent for how other major players navigate the delicate balance between progress and safety in the rapidly evolving landscape of artificial intelligence.