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Blackstone’s Jon Gray pushes back on AI bubble warnings as Griffin sounds the alarm

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Key claims & sources

Summary in preparation.

Market reaction i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market

The total crypto market fell 0.4% in the 4 hours after the first headline, after rising 0.7% in the 2 hours before.

$2.8T market cap at the headline
+0.7% 2 h before
-0.4% 4 h after
-0.2% 12 h after
First headline

48 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 22 13:17