Over the past 14 days, TAO fell 12.9% to about $251 and NEAR dropped 19.4% to about $4.53, while Bitcoin lost only 3.7%. The selloff followed a tech-stock slide on October 22, when Meta fell about 7% on AI spending concerns despite beating revenue expectations, and the Nasdaq Composite dropped 2.6%. Investors moved to safer assets, pushing the 10-year Treasury yield down to 4.97%, while Brent crude rose 4% to around $113 per barrel. Because TAO and NEAR are closely tied to AI sentiment, they have been hit harder than Bitcoin, and NEAR, up 204.5% in 2026, had more gains to lose. TAO also faces supply pressure from token emissions, even after the December 2025 halving cut daily issuance in half. Trading volume on October 25 was the lowest since the selloff began on October 7, suggesting sellers may be tiring.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
bitcoincryptoartificial intelligence
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NEAR/USDT
▼ Likely negativeNEAR Protocol
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $5.8B |
| Close on 10/25/2026 | 4.5960 |
| Change that session | +2.13% |
TAO/USDT
▼ Likely negativeBittensor
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $2.8B |
| Close on 10/25/2026 | 253.10 |
| Change that session | +0.80% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/25/2026 | 80,154.09 |
| Change that session | -0.91% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Why NEAR Protocol Jumped 16% Over the Weekend
NEAR Protocol's price rose 15.8% from 4 p.m. ET on Friday to 3 p.m. ET on Monday. NEAR Intents handled a record $4.8 billion of swaps in September, and part of the resulting fees funds NEAR token buybacks. A governance proposal to cut annual token issuance from 2.5% to 1.6% over two years still needs validator approval. Traders betting against NEAR had about $6.5 million of short positions forcibly closed in a single day, which the article describes as a short squeeze. The price has more than doubled over the past month, helped by the Sept. 29 launch of the Bitwise NEAR ETF, the first U.S. spot exchange-traded product tracking the token.
- Bitcoin Mining Firm Luxor Raises $16 Million to Scale Its AI Compute Push
Luxor Technology, a company built on Bitcoin mining, raised $16 million in a strategic round led by CMT Digital, with participation from Canaan, MicroBT, Halo, Steelhead and angel investors. The raise follows the September launch of Luxor AI, which extends its energy, hardware, software and trading stack into AI and high-performance computing. The company said its hardware desk has traded $1 billion of mining ASICs, its energy arm serves more than 75 megawatts of load across two U.S. grid regions, and its cloud platform processed 1.8 million workloads so far this year as of September. Proceeds will go toward scaling the cloud platform, working capital for the AI hardware business, compute-derivatives trading and hiring. CEO and co-founder Nick Hansen said compute markets are converging, as the miners, power sites and capital that served digital mining now power AI.
- Luxor raises $16M from CMT Digital amid AI-Bitcoin miner convergence
Luxor Technology raised $16 million in a strategic round led by CMT Digital, with participation from Canaan, MicroBT, Halo, Steelhead and angel investors. The company plans to use the proceeds to scale its agentic cloud platform, grow its AI hardware business, expand compute derivatives trading and hire more staff. Luxor has expanded its hardware business to source GPUs and AI servers as global chip supply chains become increasingly hard to navigate. It raised $5 million in a Series A round led by NYDIG in June 2021, and earlier seed investors included Celsius, Valour and Bitnomial.
- Why This Team of Ninjas Is Tripling Down on Mining Bitcoin
NIP Group, owner of esports team Ninjas in Pyjamas, acquired a third batch of Bitcoin miners in exchange for over 247 million Class A ordinary shares. The company says its capacity is now about 13.85 EH/s, enough to mine roughly 195 Bitcoin a month, or $2.8 million at current prices, up from a target of 160 Bitcoin a month set last year. CEO Hicham Chahine said the firm is buying mining capacity while the market is “cooling,” and that the facilities could shift to AI and high-performance computing if those workloads clearly beat mining returns. Since the announcement last week, NIPG shares have fallen 40.7% from $6.74 to $4, an all-time low, while Bitcoin dropped 2% to $79,820 over the same period.
- Bitcoin, AI stocks and Elon Musk: Analyst makes 3 bold predictions investors can't ignore
- AI agents help rescue ETH’s Glamsterdam fork, ‘Steal My Bitcoin’ site: Hodler’s Digest
The second and final testnet for Ethereum’s Glamsterdam hard fork was cancelled after ChainSecurity found vulnerabilities in two gas-scaling proposals (EIP-8037/8038) that could have affected at least 13 DeFi contracts. Derek Chiang of Eth Labs said the flaw was found only a few minutes before midnight, forcing everyone to scramble, and the Hoodi dress rehearsal will not be rescheduled until the second-order effects are fully analysed. To speed up the review, researchers from Eth Labs and the Ethereum Foundation deployed AI agents that coordinated through a message board in a GitHub repo, and a second board now examines EIP-8198 (“Quick Slots”) for the proposed Hegota fork. Separately, the ‘Steal My Bitcoin’ site, which has not been patched against the PHP2Shell vulnerabilities, holds the key to a Bitcoin wallet worth around $2000 and had gone 25 hours without a successful hack at the time of writing.
Related markets
Latest news
- Broadcom upgraded, HubSpot downgraded: Wall Street's top analyst calls
The Fly compiled the day's top analyst rating changes. DA Davidson upgraded Broadcom to Buy from Neutral with a price target of $400, up from $350, saying the AI cycle 'isn't over quite yet.' Citi upgraded MercadoLibre to Buy from Neutral with a $2,050 target, down from $2,100, after a recent selloff, and Raymond James upgraded Macom to Outperform with a $300 target after its 30% decline since the beginning of October. On the downgrade side, William Blair cut Moderna to Market Perform from Outperform, citing valuation after the stock rose 545% year-to-date, while UBS moved HubSpot to Neutral from Buy with a $310 target. Citi cut PagSeguro to Neutral with an $8 target from $13, reflecting a higher-for-longer rate environment in Brazil, and cut XP to Neutral with a $15 target from $25.
- Apple's $2,000 foldable iPhone Duo faces a durability test
Apple has responded to reports of lines and possible cracks appearing on the inner screen of its new foldable iPhone Duo as it folds and unfolds. Apple says the number of affected units is small and has replaced them under warranty. The hosts questioned whether the product was fully ready at launch, noting that some apps, including the App Store as of yesterday, were not yet configured to fill the unfolded screen, though this may have been patched since. They also raised doubts about the durability of a $2,000 phone that users would open and close many times a day.
- Meta Is Selling Up to $95 Billion of Stock. Its Chip Suppliers Want In
Meta plans to raise up to $95 billion through a financing program to fund its AI build-out, its first sale of new stock since 2013. About $35 billion is underwritten, including $22.5 billion of Class A common stock under forward sale agreements and about $12.5 billion of mandatory convertible preferred, while a further $60 billion is a planned at-the-market program not expected to start before the first quarter of 2027. NVIDIA, AMD and Broadcom have indicated interest in buying up to $5.0 billion of common shares, but the indications are not binding and match about 22% of the common issue. Meta shares closed down 1.88% at $630.56 while the three chipmakers rose, and critics call the arrangement circular because the suppliers are funding a customer that then orders from them. Meta generated $97 billion of operating cash flow in the first three quarters but expects $135 billion to $145 billion of 2026 capital spending and recorded negative third-quarter free cash flow of $2.12 billion.
- Ripple strikes deal with Robinhood to expand its RLSUD digital dollar
Ripple has struck a deal with Robinhood to expand use of its RLUSD stablecoin, settling institutional trades in RLUSD, automating Robinhood's treasury operations and widening access to digital asset trading and financing through Ripple Prime and Bitstamp, the exchange Robinhood acquired last year. Robinhood Crypto's general manager said utility is what moves stablecoins forward, while Ripple President Monica Long said stablecoins have become critical financial infrastructure. Circle, a Ripple competitor, is pursuing a similar model with the Circle Payments Network launched earlier this year. RLUSD's market cap has grown above $2.5 billion, while Tether's USDT and Circle's USDC still dominate a stablecoin market exceeding $300 billion. RLUSD will also be listed on Robinhood's trading platform.
- Microsoft Reports October 28 With Hyperscalers Down a Quarter Since May. Cash Flow Is the Test
Microsoft reports fiscal first-quarter results on October 28 as hyperscaler stocks have fallen roughly a quarter since early May on worries about how AI spending will be financed. In fiscal 2026 its operating cash flow of $182.9 billion exceeded $115.9 billion of capex by $67.0 billion, but capex took nearly two-thirds of operating cash, up from about a third in fiscal 2023. From fiscal 2027, more future data center leases will be classed as operating leases, so those payments will come out of operating cash and weigh more on free cash flow. Analysts expect $34.6 billion of free cash flow for fiscal 2027, and Microsoft ended June with $76.8 billion of cash and short-term investments against $46.1 billion of bonds. At 27x forward earnings, the stock trades below its five-year average of 29x.
- AMD and Meta Advance Strategic Partnership to Power Meta's Superintelligence Infrastructure
AMD and Meta announced an expanded strategic partnership covering CPUs, GPUs, networking, systems and software for Meta's services and AI infrastructure. Initial AMD Helios rackscale systems are installed and being tested at Meta ahead of a broader deployment in the near future, while AMD EPYC processors support the computing environment behind Meta's Muse AI agent. Meta will deploy a custom AMD Instinct GPU optimized for its workloads, and the companies are aligning product roadmaps around future generations. AMD also said it will invest $1 billion in Meta's equity offering.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.