A cluster of high-profile AI IPOs is forming, drawing comparisons to the dot-com era's speculative fever. But the AI IPO market in 2025 is structurally different — and that difference is exactly what most coverage misses.

JPMorgan CEO Jamie Dimon is warning that the Clarity Act's stablecoin provisions will "blow up" — and his structural objection deserves scrutiny beyond the usual crypto-vs-banks framing. Here's why the quality of this legislation matters as much as whether it passes at all.

Fresh U.S. airstrikes on Iran near the Strait of Hormuit triggered a crypto market crash that pushed Bitcoin below $73,000 and wiped more than 3% from total market cap in a single session. The selloff's severity, however, reflects weeks of institutional ETF outflows and nearly $1 billion in forced liquidations — not just geopolitical shock.