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Bitcoin ETFs have now shed more than two point one billion dollars in June alone, and analysts are debating what's actually driving the exodus. Sygnum's Fabian Dori is pushing back on the popular theory that investors are cashing out to position for anticipated IPOs like SpaceX and Anthropic, pointing instead to arbitrage activity as the more likely culprit. The pace of outflows has moderated slightly, but the question of whether selling pressure is truly exhausting remains very much open.
Shifting to a story with broader implications, OpenAI says it has banned a cluster of accounts linked to China that were allegedly running a coordinated influence campaign around the debate over American data center policy. The accounts are suspected of using the platform to shape public and political opinion on where and how the United States builds its AI infrastructure — a reminder that generative AI tools are increasingly part of the influence operation playbook.
And finally, a piece worth sitting with from Marginal Revolution on what's being called the nationalization of American science. The argument is that federal funding pressures and political oversight are quietly reshaping how research gets done and who gets to do it — a structural shift with long consequences for innovation.
That's where things stand today. Keep surfing. Tech Beat out.
