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Crypto markets are flashing red this week, and the numbers are hard to ignore. Bitcoin, Ethereum, Solana, and XRP exchange-traded funds have shed four point four billion dollars across thirteen consecutive sessions of outflows. BlackRock's IBIT alone lost three hundred forty two million dollars in a single day, with Hyperliquid's HYPE products standing as the lone bright spot in an otherwise bruising stretch for crypto investment vehicles.
Meanwhile, one stablecoin is making headlines for the wrong reasons — or, depending on who you ask, exactly the right ones. Apyx's apxUSD briefly dropped to ninety-three cents on Wednesday, a notable slip for an asset designed to hold a steady dollar value. The protocol behind it is calling the depeg a feature of its collateralized design rather than a failure, which is the kind of explanation that tends to raise more questions than it answers.
On a lighter note, Nintendo is preparing a special version of the Switch Two for European markets — one with replaceable batteries. The move is a direct response to EU right-to-repair regulations, and it's a rare moment where regulatory pressure appears to have delivered something consumers in many markets have quietly wanted for years.
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