MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Nvidia Develops New Location-Verification Technology for AI Chips 
Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Bitcoin is still trading at a fairly calm state as the cryptocurrency’s value wobbles between $6,000 and $6,800. Although this is quite unusual for Bitcoin, it isn’t the first for the cryptocurrency to behave in such a way either.
As of this writing, Bitcoin is changing hands at $6,351 and is down by 0.39 percent as can be seen in CoinMarketCap. Meanwhile, the Relative Strength Index is just above 50 at the moment indicating that traders should sell or wait.
The much-awaited boom of Bitcoin this year has yet to make an appearance as the cryptocurrency is struggling to reach the $7,000 price mark. Last year, Bitcoin’s value rose to $19,000 and investors are hoping that it will mimic its performance by next month.
However, it seems that the bearish trend will continue until next year if technical analyst and trader Willy Woo has anything to say about it. Woo predicts that the bears would impose heavy pressure on Bitcoin for seven more months before its value starts increasing, CCN reported.
Venture capital investor Tim Draper, on the other hand, still maintains his bullish speculation that Bitcoin will reach $250,000 in value by 2022. The vocal bullish investor declared this prediction once again during the Web Summit Conference while questioning fiat currencies.
Although Draper’s prediction is obviously far-fetch, there are factors out there that can support his claim. One of which is the approval of a Bitcoin ETF that would herald new investors to the Bitcoin ecosystem. The decision to greenlight this ETF heavily relies on the Securities and Exchange Commission (SEC), with the agency still rejecting any proposals in this regard.
But according to VanEck – one of the firms applying for an ETF – they’re “very close” to persuading the agency in approving their ETF. The firm argues that their ETF sets them apart from other such proposals since it’s fully protected, meaning any losses attained through theft and hacking will be protected by insurance.
