Moonshot's Kimi K3 took the top spot in frontend coding away from Claude and OpenAI, and it's free. Semiconductor stocks fell, and crypto fell with them.
- Bitcoin and other major cryptocurrencies fell after Beijing-based Moonshot AI released Kimi K3, an open-weight coding model that topped Anthropic and OpenAI on a key leaderboard.
- Kimi K3, a 2.8 trillion-parameter mixture-of-experts model with a one-million-token context window, is set for full public release July 27, challenging assumptions that frontier AI capabilities will remain scarce, expensive and U.S.-controlled.
- Bitcoin is increasingly trading as a leveraged bet on the AI capital cycle, with its price now moving in tandem with semiconductor and AI infrastructure sentiment rather than crypto-specific, on-chain developments.
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Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters :
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Crypto under weekend pressure, bitcoin slides below $80,000 on U.S. Middle East evacuations
Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet
Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports
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