Crypto Biz: Institutions tighten their grip on Bitcoin, AI and prediction markets

60-second summary

Institutional crypto adoption surges as Tether significantly expands its Bitcoin holdings, further solidifying institutional grip on the market. Meanwhile, miners shift focus to AI and Polymarket joins the Nasdaq, expanding its reach. This trend is accompanied by $1 billion in fund outflows, indicating a shift towards more institutionalized and regulated investment options in crypto.