Expect Half of DATs to Consolidate: David Bailey

Bloomberg TechnologyTuesday, December 9, 2025 at 8:50:10 PM
Expect Half of DATs to Consolidate: David Bailey
  • David Bailey, CEO and Chairman of KindlyMD, predicts that half of digital-asset treasury firms (DATs) will consolidate by next year, highlighting a significant shift in the cryptocurrency sector. This statement was made during his appearance on Bloomberg Crypto, where he discussed the evolving landscape of digital assets.
  • The anticipated consolidation of DATs could reshape the competitive dynamics within the cryptocurrency market, potentially leading to increased efficiency and innovation among the remaining firms. Bailey's insights reflect a growing trend towards consolidation in the industry.
  • This development underscores broader themes in the cryptocurrency space, including the challenges faced by smaller firms in a rapidly changing market and the ongoing discussions about the stability and regulation of digital assets, particularly as Bitcoin and decentralized finance continue to gain traction.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended apps based on your readingExplore all apps
Continue Readings
Source: Trump allowed Nvidia to sell H200s to China after concluding the move carried a lower security risk as Huawei offers systems with comparable performance (Bloomberg)
NeutralArtificial Intelligence
President Donald Trump has authorized Nvidia Corp. to sell its H200 artificial intelligence chips to approved customers in China, reversing a previous export ban due to national security concerns. This decision was influenced by the competitive landscape, particularly Huawei's advancements in AI technology, which presented a comparable performance to Nvidia's offerings.
Accenture, Anthropic Launch New AI Partnership
PositiveArtificial Intelligence
Accenture and Anthropic have announced a significant expansion of their partnership, forming the Accenture Anthropic Business Group, which will involve training approximately 30,000 professionals to facilitate the transition from AI pilots to full-scale deployment. This initiative was discussed by the CEOs of both companies on Bloomberg's 'The Close.'
Wall Street Gets a Head Start Over Retail in Prediction Bets
NeutralArtificial Intelligence
In 2025, prediction markets have seen significant growth, with Wall Street potentially gaining an advantage over retail investors in prediction bets, as reported by Bloomberg's Lydia Beyoud. This development highlights the increasing integration of traditional finance with emerging market trends, particularly in the realm of cryptocurrency and predictive analytics.
Trump’s Reprieve for Nvidia’s H200 Spurred by Huawei’s AI Gains
NeutralArtificial Intelligence
President Donald Trump has authorized Nvidia Corp. to sell its H200 artificial intelligence chips to approved customers in China, reversing a previous export ban due to national security concerns. This decision was influenced by the competitive landscape, particularly the advancements made by Huawei Technologies Co. in AI technology.
CME Data Center Woes Started 12 Hours Before Markets Opened
NegativeArtificial Intelligence
The owner of the data center serving CME Group Inc. began experiencing technical issues approximately 12 hours before a significant cooling system outage that disrupted global markets. This incident has raised alarms regarding the reliability of the infrastructure supporting major financial operations.
Nvidia Can Ship H200 Chips to China
NeutralArtificial Intelligence
The U.S. government has granted Nvidia permission to sell its H200 artificial intelligence chips to approved customers in China, effectively lifting a previous export ban that was imposed due to national security concerns. This decision follows extensive lobbying efforts by Nvidia and is seen as a significant policy shift under the Trump administration.
Trump approves Nvidia H200 sales, but China may not bite
NeutralArtificial Intelligence
The Trump administration has approved the export of Nvidia's H200 AI accelerators to China, contingent upon a 25% tax on sales, while restricting the most powerful models from being sold. This decision follows extensive negotiations and reflects a shift in U.S. policy regarding technology exports to China.
Trump Claims States Are 'Killing AI' As He Prepares Explosive One-Rule Executive Order
NegativeArtificial Intelligence
Donald Trump has announced plans to issue a one-rule executive order aimed at establishing a unified federal framework for artificial intelligence (AI), arguing that state-level regulations are stifling innovation. This move comes amid growing concerns over the competitive landscape of AI technology and the implications of varying state laws.