Crypto Market Rebound Driven by ETF Inflows and Renewed Demand

The crypto market experienced a significant rebound this week, driven by renewed demand for US-listed spot Bitcoin exchange-traded funds (ETFs). Bitcoin's price initially fell to $63,245 on Sunday before recovering to $73,000 on Thursday, with the metal's value supported by the influx of new capital into ETFs.

The Aave Chan Initiative (ACI) announced its decision to exit the Aave DAO due to concerns over governance standards and voting dynamics during the proposal process. The ACI, a major governance delegate and service provider within the Aave ecosystem, stated that it would continue governance activity and complete outstanding commitments before transferring its infrastructure and responsibilities to the DAO or successor providers.

A strategist from Strive predicted that technological deflation driven by artificial intelligence could push Bitcoin above $10 million within a decade. According to the report, faster productivity gains from AI will put downward pressure on prices across goods and services, prompting policymakers to respond with sustained monetary expansion. The forecast assumes an aggressive growth scenario, with Bitcoin's market capitalization increasing by 176-fold over the next decade.