Is bitcoin losing the AI capital race?

Bitcoin slips to 13th largest asset as SK Hynix hits $1 trillion. Robinhood just let AI trade on your behalf. And the CLARITY Act needs tax reform to actually matter. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wednesday, May 27, 2026 Bitcoin remains under pressure as Korea's SK Hynix joins Micron in $1 trillion club Bitcoin slipped to 13th place among the world's largest assets Wednesday, trading near $75,000 as the AI chip rally continued to pull capital elsewhere. SK Hynix surged 9.3% in Seoul to cross $1 trillion in market cap — joining Samsung and Micron, which hit the threshold Tuesday after UBS tripled its price target to $1,625. Micron is up another 8% in U.S. premarket. Mizuho called memory "the backbone of AI" and sees demand outpacing supply through 2027. Meanwhile, bitcoin is down 11% year-to-date and nearly 30% over the past year, with TSMC and Broadcom now valued at roughly $2 trillion each — both above bitcoin. Swissblock's Risk Index has moved into high-risk territory: spot ETFs have absorbed a net 4,500 BTC all year, May has flipped to net outflows, and a single unknown investor dumped $1.29 billion of BlackRock's IBIT in one dark-pool trade Tuesday — the largest block trade of its kind on record. Tom Lee's $76,000 support level, which he says must hold by month-end to confirm a new bull market, is under active test. Read the full story → Markets Robinhood is letting AI trade for you so you don't have to keep checking the markets Robinhood launched Agentic Trading and an Agentic Credit Card Wednesday, letting users connect third-party AI agents to a dedicated trading account — separate from their main portfolio — to execute stock orders autonomously. Agents can rebalance portfolios, analyze sector exposure, monitor themes, and place trades within user-defined limits. A paired virtual credit card lets agents make purchases automatically, like snagging concert tickets before sellout or buying when prices hit a threshold. The beta supports equities only; crypto, options, futures, and prediction markets are planned next. The launch uses Robinhood's MCP server — the same protocol Coinbase's Base deployed Tuesday — and arrives as Visa, Google, and Stripe are all racing to build agentic payment infrastructure. Robinhood VP Abhishek Fatehpuria: "I think our audience right now is the early adopters of agents." Read more → Op-Ed The CLARITY Act won't lead to adoption without crypto tax reform Koinly CEO Robin Singh argues that regulatory clarity is necessary but not sufficient — the U.S. crypto tax framework is still too broken for mainstream adoption to follow. Form 1099-DA, which any crypto broker must now issue, creates serious reporting gaps: it doesn't cover wallet-to-wallet transfers, DeFi activity, or cost-basis reconciliation across chains, leaving users to manually reconstruct complex transaction histories to avoid audit risk. Singh's case: the CLARITY Act may define what crypto is, who regulates it, and how platforms operate — but until everyday users can transact without triggering a taxable event on every coffee they buy with stablecoins, the law is solving the supply-side problem while leaving the demand-side problem intact. Tax reform bills like the PARITY Act are moving slowly. The gap between regulatory clarity and actual usability remains wide. Read more → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.