Welcome to Tech Beat, your daily read on the technology stories that matter.
Bitcoin took a hit today as BlackRock's IBIT fund led a two hundred thirty six million dollar outflow from bitcoin ETFs, pushing the price below seventy seven thousand five hundred dollars. Every major crypto asset finished red on the day, though smaller ETFs continued drawing fresh money even as the flagship funds gave some back.
Adding pressure to the broader risk picture, China's so-called credit impulse — a closely watched measure of how aggressively Beijing is pumping credit into its economy — is now flashing warning signs for stocks and crypto alike. Bitcoin has largely shrugged it off so far, but analysts say that kind of resilience tends to have a shelf life.
And stepping back from the markets entirely, The Atlantic is out with a piece arguing that whatever we imagined the AI singularity would look like, we are already living inside it. The argument isn't that the future arrived with a bang — it's that it arrived quietly, and most of us missed the moment it happened. Worth a read if you have the time.
Keep surfing. Tech Beat out.
