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bitcoinist.com Google Engineer Arrested For Using Company’s Own Search Data To Win $1.2 Million On Polymarket

A Google information security engineer has been arrested and charged with commodities fraud, wire fraud, and money laundering after allegedly using confidential internal company data to place a series of bets on Polymarket — the crypto-based prediction market platform — winning approximately $1.2 million by knowing the outcomes of his wagers before the trading public […]

cryptobriefing.com Amazon unveils RNG networking design, boosting data center efficiency by 33% and reducing energy use by 40%

Amazon's RNG design could reshape cloud economics, enhancing sustainability and cost-efficiency, impacting crypto and tech infrastructure strategies. The post Amazon unveils RNG networking design, boosting data center efficiency by 33% and reducing energy use by 40% appeared first on Crypto Briefing.

bitcoinist.com Galaxy Weighs Theories After $8.3M Bitcoin Burn Mystery

Galaxy Research is trying to explain one of the stranger Bitcoin transactions of the year after five addresses sent roughly 107 BTC, worth about $8.3 million, to an old burn address, making the coins provably unspendable. The move, flagged by Galaxy in a thread on X, immediately raised the question that sits at the center […]

news.bitcoin.com US-Iran Escalation Pushes Bitcoin to $72,622 as $870M Long Bets Collapse

Following the news, bitcoin fell 3.6% to a multi-week low of $72,622 before stabilizing just above $73,000. The sudden volatility triggered a massive market sell-off, wiping out over $930 million in leveraged positions. Geopolitical Escalation Triggers Crypto Sell-off Bitcoin plunged below $73,000 early Thursday following reports of fresh U.S. military strikes inside Iran. Market data […]

blockonomi.com Kenya’s Treasury Secretary Dismisses New Crypto Tax Claims in Finance Bill 2026

TLDR: Kenya’s Treasury CS Mbadi says Finance Bill 2026 targets compliance, not new crypto taxes, on May 25. The bill requires Virtual Asset Service Providers to submit annual activity reports directly to the KRA. KPMG warns that web3 platforms face higher operational costs under the new reporting obligations. Kenya’s new framework allows authorities to share [...] The post Kenya’s Treasury Secretary Dismisses New Crypto Tax Claims in Finance Bill 2026 appeared first on Blockonomi.

blockonomi.com Vitalik Buterin Links DeepSeek V4 Local AI Advances to Ethereum Privacy Infrastructure

TLDR: DeepSeek V4’s 2-bit quantized version runs within 90 GB of VRAM, making local AI more accessible on consumer hardware. Apple hardware delivers 35 tokens per second on DeepSeek V4, while AMD trails significantly at only 7 tokens per second. Buterin says ZK-based infrastructure supports both paid remote LLM calls and private Ethereum RPC reads [...] The post Vitalik Buterin Links DeepSeek V4 Local AI Advances to Ethereum Privacy Infrastructure appeared first on Blockonomi.

bitcoinist.com ‘All Of DeFi Unsafe,’ Developer Warns As AI Agents Reshape Security Threats

Attackers drained an estimated $200,000 from DeFi liquidity pools on Ethereum — specifically Uniswap V3 — after exploiting weaknesses in the WUSD.fi and GLOVE incentive system, according to security researchers at ExVul. The attackers cycled funds through multiple wallets to repeatedly farm rewards, taking advantage of flaws baked into the protocol’s incentive structure. Related Reading: […]

blockonomi.com Unusual Machines (UMAC) Stock Surges 9% as Pentagon Selects Partner for Billion-Dollar Drone Initiative

UMAC stock jumped 9% after partner Powerus secured Phase II selection in the Pentagon's $1B Drone Dominance Program. Details on valuation and risks inside. The post Unusual Machines (UMAC) Stock Surges 9% as Pentagon Selects Partner for Billion-Dollar Drone Initiative appeared first on Blockonomi.

forklog.media Thailand to Launch 100 MW Hydrogen Data Center

Chinese company U Power, through its joint venture Hydro Data JV, will develop an integrated energy solution for a 100 MW data center in Thailand's Rayong province. The project partners include infrastructure developer CEWA Group and hydrogen systems manufacturer Jiangsu Guofu Hydrogen Energy Equipment. The initiative will begin with a pilot data center with a capacity of 3 MW. This phase is necessary to verify the technological efficiency and economic model before full-scale expansion. Hydro Data JV is responsible for the integration and management of the energy system using AI. Guofu Hydrogen Energy will supply and service the generation equipment. CEWA provides local infrastructure. U Power plans to register a subsidiary in Thailand by the end of July, with operational launch within 90 days thereafter. The enterprise was established in April in collaboration with Jiangsu Guofu Hydrogen Energy Equipment and Cloud Digital Chain Limited. The company aims to profit from the design, supply, installation, operation, and energy management. The system is expected to provide both primary and backup power to the data center. The project enters a rapidly growing market. In early May, the Thailand Board of Investment approved six major initiatives worth 958 billion baht (~$29 billion). Three of these involve data centers and hosting, totaling 913 billion baht (~$27 billion). These include the expansion of TikTok's infrastructure, a 200 MW data center by DAMAC Group, and a 134 MW project by Bridge Data Centres. Back in March, journalists from The Economist predicted an era of space-based data centers.

blockonomi.com Ethereum Drops Below $2,000: Is the Bottom In or Is More Pain Ahead?

TLDR: Ethereum dropped below the $2,000 psychological level, raising fresh concerns about its short-term price outlook. Santiment reports retail traders are responding with “buy the dip” calls, a historically less common reaction to sharp drops. Analyst Ted warns that a daily close below $2,050 could push ETH toward deeper targets at $1,850 and $1,700. Market [...] The post Ethereum Drops Below $2,000: Is the Bottom In or Is More Pain Ahead? appeared first on Blockonomi.

bitcoinist.com Bitcoin Sentiment Back To Extreme Fear As Price Slips Under $76,000

Data shows the Bitcoin Fear & Greed Index has slipped back into the extreme fear territory following the latest retrace in the asset’s price. Bitcoin Fear & Greed Index Is Signaling Extreme Fear Again The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment present among investors in […]

news.bitcoin.com The Future of Bitcoin Mining Is Bigger Than Bitcoin

With Bitcoin mining economics under pressure from historically low hashprice levels of mining revenue and rising network competition, AI and HPC infrastructure revenue has emerged as a stabilizing and, in some cases, significantly larger growth driver. This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly […]

forklog.media Kraken Introduces Bitcoin Deposits with 2.5% Yield

Kraken exchange has launched a non-custodial product, Earn BTC Vault, offering a 2.5% annual yield for Bitcoin holders. Within the first 10 hours, the service attracted approximately $30 million from 4,000 unique wallets. The income is generated through conversion into kBTC and deploying funds on DeFi platforms like Aave, Morpho, and Tydro.

news.bitcoin.com Banca Sella to Become First Italian Bank to Launch Crypto Services

Banca Sella has completed its notification process with the Bank of Italy, clearing the way for it to offer crypto custody and transfer services. The bank plans to launch the services in 2026 for selected customer groups. Bank of Italy Clears Banca Sella for Crypto Services Launch in 2026 Banca Sella is preparing to become […]

forklog.media CFTC Admits Error in Lawsuit Against Gemini

The U.S. Commodity Futures Trading Commission (CFTC) approached the federal court of the Southern District of New York to request the annulment of a settlement with the crypto exchange Gemini regarding a 2022 case. The regulator acknowledged the lawsuit's lack of merit. The CFTC stated that the methods of the agency's previous leadership were "inappropriate." The matter concerns the settlement of a dispute in January 2025, when Gemini agreed to pay a $5 million fine to close claims related to providing inaccurate information during the launch of Bitcoin futures in 2017. In a joint memorandum, the CFTC and Gemini questioned the validity of the investigation. According to the document, after an internal review, the agency concluded that under current enforcement standards, the case would not have arisen. The regulator listed several violations: reliance on an unreliable informant; concealment of part of the evidence from one of the commissioners before voting on the lawsuit; lack of critically important evidence of the exchange's guilt; use of supervisory powers as a leverage tool. The commission determined that Gemini itself was a victim of fraud. The parties are asking the court to annul the remaining prohibitions and obligations. In January 2026, the U.S. Securities and Exchange Commission withdrew its lawsuit against Gemini. In March, the Federal Court of the Southern District of New York dismissed a class-action lawsuit against Uniswap and its founder Hayden Adams. The proceedings had been ongoing since 2022.