First PiFest on Open Network Concludes with Over 1.8 Million Users, Demonstrating Global Utility of Pi

- Ark Invest spent $10.2M via three ETFs to buy Bullish shares, a Thiel-backed crypto exchange, amid broader market declines. - Bullish's stock fell 4.5% despite Ark's purchases, though Q2 profits rose sharply from $116M loss to $108M gain. - Ark's crypto strategy focuses on firms with regulatory progress (e.g., NY license) and financial resilience, including Circle and BitMine investments. - The firm divested Tesla/AMD shares while Bitcoin fell below $90K, highlighting shifting priorities toward crypto an

- Tom Lee, BitMine's permabull, predicts Bitcoin will hit $150k–$200k by January 2026 despite current $90k price drop. - He attributes the bearish phase to temporary factors like Fed uncertainty and October sell-off anxiety, citing technical exhaustion signs. - Lee also forecasts Ethereum's "supercycle" growth, comparing its trajectory to Bitcoin's 2017 pattern amid rising long-term holder accumulation. - Market skepticism persists with $3.79B Bitcoin ETF outflows and warnings of 50% drawdowns, testing Lee

- Zcash (ZEC) surged 31% in a week as institutional demand for quantum-resistant privacy coins grows, driven by Cypherpunk Technologies' $18M ZEC purchase. - Cypherpunk, now holding 1.43% of ZEC supply, emphasizes Zcash's zero-knowledge proofs and quantum-safe cryptography as "encrypted Bitcoin" for institutional portfolios. - Zcash's 125% 30-day rally outperformed Bitcoin's decline, with shielded pool usage hitting multi-year highs amid rising concerns over blockchain surveillance. - Analysts highlight Zc

- MSCI's revised GICS rules raise concerns over investment flows and Michael Saylor's Bitcoin strategy stock valuation due to sector classification changes. - The updated framework introduces ambiguity in asset categorization, prompting warnings about distorted performance metrics and unintended portfolio rebalancing. - High-growth sectors like AI face heightened volatility, with Alger and Pzena reports highlighting risks from rapid obsolescence and fee sensitivity. - Market uncertainty intensifies amid eq