How AI is eating crypto liquidity: Inside the $300B Oracle hit and Bitcoin miner pivots

Oracle did what every legacy tech giant dreams of. In September, it announced a $300 billion cloud deal wrapped around OpenAI, the hottest name in software, and watched its stock rip higher. Two mo...

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How AI is eating crypto liquidity: Inside the $300B Oracle hit and Bitcoin miner pivots

Source: CryptoSlate

Oracle did what every legacy tech giant dreams of. In September, it announced a $300 billion cloud deal wrapped around OpenAI, the hottest name in software, and watched its stock rip higher. Two months later, the market gave its verdict. Oracle has shed more than $300 billion in market value, trading below its pre-AI announcement […]