$BNB Crypto & AI Market Update: Tether Funding, Bitcoin Collateral, and Institutional MovesTether Invests in Generative Bionics
Tether participated in a €70 million funding round led by CDP Venture Capital and AMD Ventures to support Italy’s Generative Bionics. The investment aims to accelerate the development of physical‑AI humanoid robots. The company is set to showcase its first full humanoid robot at CES in January, Bloomberg reports
BMW Automates FX with Blockchain
BMW has adopted JPMorgan’s Kinexys blockchain platform to automate foreign-exchange transfers. The system moves euros to New York whenever dollar balances fall, enabling instant, 24/7, rule-based transactions. This reduces BMW’s reliance on manual treasury management and capital buffers, according to Markets Media.
CFTC Approves Crypto Collateral Pilot
The U.S. Commodity Futures Trading Commission (CFTC) has approved a pilot program allowing Bitcoin, Ether, USDC, and tokenized Treasuries to be used as collateral for derivatives trading. Decrypt reports this marks a significant step toward integrating crypto into mainstream U.S. financial markets.
Weaknesses in the Market
Twenty One Capital’s Stock Drop: Shares of newly public Bitcoin treasury firm Twenty One Capital fell 24% on its NYSE debut after merging with Cantor Equity Partners, despite holding $3.9 billion in Bitcoin and backing from Tether, Bitfinex, and SoftBank.
Bitcoin Mining Challenges: Falling crypto prices have pushed some miners below profitability, forcing power cuts and a pivot toward AI and high-performance computing. Many are repurposing mining facilities into data centers to secure stable, long-term revenue.
ETF Withdrawals Signal Weak Demand: Bloomberg reports U.S. spot Bitcoin ETFs experienced their largest withdrawals of the year in November, with BlackRock’s IBIT losing about $2.3 billion. Total market outflows exceeded $5 billion, highlighting fragile institutional demand.
