Policy

Bitcoin and ether held steady above $62,000 and $1,730 respectively on Thursday, while gold extended its slide to a fourth day and oil climbed for a third consecutive session, as renewed U.S.-Iran tensions drove divergent market reactions.

Bitcoin fell 3.5% on Wednesday, testing the crucial $60,000 support level as a confluence of geopolitical and economic factors triggered broad de-risking.

SpaceXAI released Grok 4.5 on July 8, positioning it as a cost-effective alternative to leading models from Anthropic and OpenAI.

xAI launched Grok 4.5 this week, calling it their smartest model yet, trained alongside Cursor for coding and agentic tasks.

The rally is driven by a combination of aggressive accumulation by BitMine Immersion Technologies, progress on Ethereum's Glamsterdam upgrade, and the launch of Robinhood Chain, which strengthens ties with traditional finance.