Michael Burry Bets Against Chipmakers, Warning of Unsustainable AI Hysteria
The Wall Street icon is once again swimming against the current. Burry asserts that the explosive upward trajectory of major chip manufacturers has decoupled from real-world demand parameters.
By taking short positions against Applied Materials, Micron, and Nvidia, the veteran short-seller is positioning his capital for a major tech sector reversal.
☝️ CRYPTO JOKER ⇥ Bybit
🤑 Current crypto news 24/7
Amazon Positioned to Launch Starlink Internet Rival After Reaching 396-Satellite Milestone 🚀🌐
Amazon is closing in on the commercial rollout of its satellite broadband network, recently rebranded as Amazon Leo (formerly Project Kuiper).
With 396 low-Earth orbit satellites now successfully deployed, the company has established the minimum infrastructure required to initiate beta services later this year.
The tech giant has committed over $10 billion to the program, aiming to scale the fleet past 3,200 satellites by 2029.
☝️ CRYPTO JOKER ⇥ Bybit
🤑 Current crypto news 24/7
Billionaire Jeremy Grantham Claims Bitcoin Survives Solely on Pure Speculation
According to the veteran investor, Bitcoin's ecosystem lacks true macroeconomic foundations.
Grantham argues that the premier cryptocurrency cannot fulfill basic monetary roles, stating that its primary utility remains limited to speculative price trading, despite acknowledging blockchain’s structural benefits.
☝️ CRYPTO JOKER ⇥ Bybit
🤑 Current crypto news 24/7
Liquidity Crunch Forces Indian USDT Prices Up to 103 INR Following Corporate Audits
A sharp supply squeeze is shaking Indian digital asset platforms. Following targeted state investigations into enterprise entities using stablecoins for illicit capital outflows, local liquidity dried up completely.
As a result, domestic traders face an inflated 8.5%+ surcharge to acquire USDT compared to the official USD/INR exchange rate.
☝️ CRYPTO JOKER ⇥ Bybit
🤑 Current crypto news 24/7