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Bitcoin Dips, Singapore Real Estate Fund Launches

Bitcoin's value plunged over 10% on Thursday, dropping below $65,000 and erasing gains since its 2021 high, according to multiple sources, including The Verge. This decline follows a peak of over $122,000 in October 2025 and marks a broader downturn in the cryptocurrency market.

The drop to around $64,000 is the lowest Bitcoin has been since the 2024 Presidential election, as reported by CNBC via The Verge. The cryptocurrency had been in a steady decline for several weeks after crossing $100,000 in November 2024. This downturn comes as other crypto entities, such as Ethereum-focused treasuries and the Gemini exchange, also faced setbacks, according to The Verge.

In other financial news, Singapore saw a significant development in real estate. Hongkong Land launched the Singapore Central Private Real Estate Fund (SCPREF), the country's largest private real estate fund, with approximately 8.2 billion Singapore dollars ($6.4 billion) in assets, as reported by Fortune. The fund, part of CEO Michael Smith's strategic pivot towards fund management and commercial properties, will focus on prime commercial assets in Singapore's central business district. The initial portfolio includes several buildings in the CBD, such as Asia Square Tower 1 and One Raffles Quay. "Going forward, we imagine ourselves having a series of funds with high-quality investors alongside us, creating fund management revenue," Smith told Fortune.

Meanwhile, the tech industry is grappling with growing public skepticism surrounding artificial intelligence. According to Fortune, American sentiment towards AI has soured, with more people expressing concern than excitement about the technology. Recent Pew research indicated that 50% of Americans are more concerned than excited about AI, a rise from 37% in 2021. In response, tech companies are investing heavily in public relations and communications experts. Some companies are willing to pay up to $400,000 for AI evangelists to defend against the rising skepticism, as reported by Business Insider via Fortune. Anthropic has tripled the size of its communications team in recent years.

Finally, the Super Bowl continues to be a major economic driver. The annual sporting event generates enormous revenue for its host city and the country, according to Time. The event draws in over 100 million viewers and generates revenue from ticket sales, concessions, hotel bookings, and more.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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