Let's have a closer look at the technical indicators, which might give us a clearer idea of why Pi Network's PI token is performing poorly this week.
Cryptocurrency Funds Increase Influence on U.S. Elections
The crypto industry is ramping up its influence on American politics ahead of the Congressional elections. Hundreds of millions of dollars have already been directed to support favorable candidates, with the balance increasingly shifting towards Republicans, writes CoinDesk. The main player is Fairshake. The committee and its affiliated entities are actively involved in the primaries. In Texas, the organization invested $6.5 million in the campaign of Christian Menefee, who defeated Congressman Al Green, known for his criticism of the crypto industry. Other Republicans in the Texas House of Representatives also received support: Alex Miller, Tom Selle, Carlos De La Cruz, and John Bonk. The spending on their campaigns ranged from $348,000 to $607,000. The Fellowship committee, associated with Tether and Cantor Fitzgerald, plays a separate role. It directed $500,000 to support Texas Attorney General Ken Paxton in his bid for a Senate seat. In the Republican primary, Paxton defeated John Cornyn. Not long ago, the industry aimed to maintain a bipartisan balance. Fairshake operated through Protect Progress and Defend American Jobs structures—for Democrats and Republicans, respectively. By 2026, the focus is shifting to the right. Among other centers of influence are the Digital Freedom Fund of the Winklevoss brothers with $21 million in capital and the Blockchain Leadership Fund, supported by Anchorage Digital and Chainlink, which positions itself as more moderate and formally bipartisan. The Sentinel Action Fund, backed by the Solana Policy Institute and Multicoin Capital, initially announced a campaign against former Senator Sherrod Brown, then directed nearly $900,000 to support Republican Mike Rogers in the Senate race in Michigan. According to Follow the Crypto, industry-related companies and investors have already invested over $320 million in the 2026 election cycle. The reserves of specialized committees exceed $245 million. In the 2024 elections, over 20% of respondents surveyed in several states considered cryptocurrency a key issue.
Scientists Develop Full-Cycle Photonic Chip for Quantum Systems
A team from Monash University in Australia has developed a nanoscale photonic circuit that integrates the generation, routing, and reading of light signals on a single chip. The device is constructed using ultrathin materials just a few atoms thick. Engineers have integrated these with specially designed nanostructures (metasurfaces), allowing them to control light at the level of individual quantum states. Illustration of the photonic chip. Source: monash.edu. The key distinction is its operation at room temperature. Most quantum platforms still require cryogenic cooling. The development is related to valleytronics, a field where the valley degree of freedom of electrons in a crystal is used for data encoding. This quantum property enables the formation of stable optical signals that can be directed and converted into an electrical response. According to the researchers, the team has, for the first time, managed to assemble a complete cycle in a compact photonic circuit: from generating 'valley' signals to processing and reading them. Previously, such elements existed separately. As a demonstration, the chip simultaneously encoded and processed two different images, showcasing the ability to work with multiple data streams in parallel. Scientists view the technology as a potential foundation for scalable quantum computers, energy-efficient AI systems, and high-speed optical communications. In May, Oracle and Classiq simulated a 36-qubit quantum circuit in the cloud.
Bitcoin Crashes to $73,000 While Stellar (XLM) Defies Downturn With a 19% Surge: Market Watch
Bitcoin's price declines as almost the complete entirety of altcoins is trading in the red.
Third Point’s Dan Loeb reflects on FTX misstep and Musk investments
Loeb's experiences underscore the volatility of tech investments, highlighting the importance of diversified strategies and risk assessment. The post Third Point’s Dan Loeb reflects on FTX misstep and Musk investments appeared first on Crypto Briefing.
Samsung trio to acquire $408 million stake in crypto giant Dunamu from Kakao
Samsung's investment in Dunamu signals a strategic shift towards integrating blockchain and digital finance, potentially reshaping Korea's fintech landscape. The post Samsung trio to acquire $408 million stake in crypto giant Dunamu from Kakao appeared first on Crypto Briefing.
Meta plans AI subscriptions as rivals target ad business
Meta's AI subscription model diversifies revenue streams, reducing ad dependency and potentially stabilizing income amid competitive pressures. The post Meta plans AI subscriptions as rivals target ad business appeared first on Crypto Briefing.
JPMorgan strategist notes retreat from debasement trade as bitcoin, gold ETFs see outflows
Investor retreat from debasement trade signals a shift in market sentiment, potentially impacting asset valuation and hedging strategies. The post JPMorgan strategist notes retreat from debasement trade as bitcoin, gold ETFs see outflows appeared first on Crypto Briefing.
US Central Command reports Iranian missile launch toward Kuwait, crypto markets brace for impact
Geopolitical tensions heighten market volatility, impacting crypto as a risk asset and potentially influencing global economic policies. The post US Central Command reports Iranian missile launch toward Kuwait, crypto markets brace for impact appeared first on Crypto Briefing.
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 […]
Nvidia CEO Jensen Huang joins advisory board of Beijing’s Tsinghua University
Huang's advisory role may enhance Nvidia's strategic diplomacy, balancing US-China tensions while safeguarding its market position and innovation edge. The post Nvidia CEO Jensen Huang joins advisory board of Beijing’s Tsinghua University appeared first on Crypto Briefing.
South Korea exports set to rise for 12th straight month as chip boom reshapes global trade
South Korea's export growth highlights the pivotal role of semiconductors in global trade, signaling robust AI infrastructure investment trends. The post South Korea exports set to rise for 12th straight month as chip boom reshapes global trade appeared first on Crypto Briefing.
Mistral AI signs Airbus, BMW to expand AI into manufacturing
Mistral AI's expansion into manufacturing could revolutionize industrial processes, enhancing efficiency and bolstering European tech sovereignty. The post Mistral AI signs Airbus, BMW to expand AI into manufacturing appeared first on Crypto Briefing.
China assigns digital IDs to over 28,000 humanoid robots
China's centralized robot ID system enhances regulatory control and accountability, potentially accelerating innovation and investment in robotics. The post China assigns digital IDs to over 28,000 humanoid robots appeared first on Crypto Briefing.
XRP Enters Bearish Continuation via Kibar Outlook, Cash App Opens Wallet-Free USDC to 59 Million Users, Cardano Whales Hit 67% Supply Record Amid Split - Morning Crypto Report
Kibar's XRP outlook flags a bearish continuation to $0.75 alongside a major Cash App USDC integration and record 67% Cardano whale accumulation.
Meta plans AI subscriptions as rivals like OpenAI target its ad business
Meta's AI subscription model diversifies revenue streams, reducing ad dependency and potentially stabilizing income amid competitive pressures. The post Meta plans AI subscriptions as rivals like OpenAI target its ad business appeared first on Crypto Briefing.
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.
Polymarket clarifies KYC applies only to new beta product, not its core platform
Polymarket's decision to avoid KYC on its main platform may influence regulatory scrutiny and impact its competitive positioning. The post Polymarket clarifies KYC applies only to new beta product, not its core platform appeared first on Crypto Briefing.
Polymarket exec says KYC limited to beta product, not existing platform
Polymarket executive Josh Stevens said identity checks apply only to early beta access and are not being added to Polymarket’s existing platform.
Nvidia chief Jensen Huang joins advisory board of Beijing university chaired by Tim Cook
Huang's advisory role may enhance Nvidia's strategic diplomacy, balancing US-China tensions while safeguarding its market position and innovation edge. The post Nvidia chief Jensen Huang joins advisory board of Beijing university chaired by Tim Cook appeared first on Crypto Briefing.
ByteDance develops custom CPUs to support AI infrastructure amid chip shortages
ByteDance's custom CPU development highlights a shift towards vertical integration, impacting traditional chipmakers' market share and revenue. The post ByteDance develops custom CPUs to support AI infrastructure amid chip shortages appeared first on Crypto Briefing.
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 […]
Bit Digital (BTBT) Stock Dips as $100M WhiteFiber Financing Challenges Ethereum Strategy
Bit Digital (BTBT) stock dropped pre-market after unveiling a $100M WhiteFiber loan facility that leverages its Ethereum treasury for AI infrastructure growth. The post Bit Digital (BTBT) Stock Dips as $100M WhiteFiber Financing Challenges Ethereum Strategy appeared first on Blockonomi.
US-Iran ceasefire unravels, tensions rise, oil prices surge
Rising US-Iran tensions could destabilize Middle East geopolitics, impacting global oil markets and complicating diplomatic resolutions. The post US-Iran ceasefire unravels, tensions rise, oil prices surge appeared first on Crypto Briefing.
Polymarket says no mandatory KYC planned for main prediction market
Polymarket has clarified that it is not introducing mandatory Know Your Customer checks across its main prediction market platform despite renewed scrutiny over compliance and restricted-jurisdiction access. In a post on X, Polymarket vice president of engineering Josh Stevens said…
Samsung Invests $408M in Dunamu as South Korea’s Crypto Market Heats Up
Samsung invests $408M in Dunamu, Upbit's parent company, joining major Korean financial institutions in a strategic crypto expansion wave. The post Samsung Invests $408M in Dunamu as South Korea’s Crypto Market Heats Up appeared first on Blockonomi.
Stellar (XLM) Awakens With 924% Trading Spike on Wall Street Tokenization Trend
Stellar (XLM) price rose as much as 20% on the news, with its trading volume rising alongside.
David Schwartz’s XRP staking idea tests IRS reward tax rules
David Schwartz says newly minted XRP staking rewards should not face tax before sale, reviving debate over IRS rules and XRPL design debate.
WhiteBIT, Tether & TradingView Launch up to $50K Futures Battle with 400+ Prizes
Vilnius, Lithuania, 28th May 2026, Chainwire
Good or Bad? Cardano Whales Control 67.5% of the Total ADA Supply
Wallets holding at least one million ADA reached their biggest accumulation level since 2017.
Amazon unveils RNG networking design, boosting data center efficiency and slashing energy costs
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 and slashing energy costs appeared first on Crypto Briefing.
+283% Shiba Inu (SHIB) Spot Flow: Recovery Might Be Closer Than It Seems
Shiba Inu seeing real market inflows, but it's still too early to call it bullish.
Why is the Pi Network (PI) Price Down This Week
Let's have a closer look at the technical indicators, which might give us a clearer idea of why Pi Network's PI token is performing poorly this week.
Micron Technology ranks third in S&P 500, but valuation raises concerns
Micron's valuation highlights the tension between AI-driven growth potential and the cyclical nature of the memory chip market. The post Micron Technology ranks third in S&P 500, but valuation raises concerns appeared first on Crypto Briefing.
Shanghai Futures Exchange develops AI-token futures to hedge enterprise costs
AI-token futures could stabilize enterprise AI budgeting, mitigating financial risks amid volatile token pricing in China's growing AI sector. The post Shanghai Futures Exchange develops AI-token futures to hedge enterprise costs appeared first on Crypto Briefing.
Japan proposes issuing bridging bonds to fund investment schemes across 17 strategic sectors
Japan's bridging bonds could redefine fiscal strategies, balancing investment in key sectors with debt management, impacting investor confidence. The post Japan proposes issuing bridging bonds to fund investment schemes across 17 strategic sectors appeared first on Crypto Briefing.
Why is the Ripple (XRP) Price Down Today?
A closer technical look at the reason behind XRP's drop today.
Let's have a closer look at the technical indicators, which might give us a clearer idea of why Pi Network's PI token is performing poorly this week.
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 […]
CEOs lose confidence in economy amid ongoing Iran war
Diverging CEO confidence amid geopolitical tensions may signal market volatility, impacting consumer sectors and investor strategies. The post CEOs lose confidence in economy amid ongoing Iran war appeared first on Crypto Briefing.
Kevin Warsh’s first test as Fed Chair: taming inflation expectations that won’t sit still
Warsh's approach could redefine inflation metrics, impacting market recalibration and potentially favoring tech-driven growth investments. The post Kevin Warsh’s first test as Fed Chair: taming inflation expectations that won’t sit still appeared first on Crypto Briefing.
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.
SBI offers free XRP to Tokyo seminar attendees: Who qualifies?
SBI VC Trade will give 1,000 yen in XRP to 333 in-person Tokyo seminar attendees as SBI expands Japan’s crypto investor outreach.
Will Bitcoin fall to $70K as over $6.2B options expiry and ETF outflows hit markets?
Bitcoin price has fallen toward the $73,000 region after a wave of ETF outflows, derivatives pressure, and long liquidations triggered fresh panic across the crypto market. According to crypto.news price data, Bitcoin (BTC) price dropped more than 4% over the…
Aave Labs subsidiaries receive FCA approvals for UK expansion
Aave Labs subsidiaries Push Labs Limited and Push Virtual Assets Limited have received approval from the UK Financial Conduct Authority to operate as registered cryptoasset exchange providers in the country. According to an announcement shared with crypto.news, the registrations add…
Crypto liquidations hit $935M as Bitcoin price dips to $72.6K
Over $935 million was wiped out across the crypto market as traders shifted their focus to $70,000 as the last line of defense for Bitcoin.
BIS Project Agorá shows tokenized payments can settle in seconds
The Bank for International Settlements' collaboration with seven central banks and more than 40 institutions concludes a two-year project with a prototype settling wholesale payments in seconds.
Google Cloud unveils AI Threat Defense platform to combat AI cyberattacks
Google's AI Threat Defense could redefine cybersecurity by automating threat management, but risks of autonomous errors may challenge trust. The post Google Cloud unveils AI Threat Defense platform to combat AI cyberattacks appeared first on Crypto Briefing.
Hedge funds control over half of electronic gilts trading, Tradeweb reports
Hedge funds' dominance in electronic gilts trading could heighten market volatility and liquidity risks, especially during financial stress events. The post Hedge funds control over half of electronic gilts trading, Tradeweb reports appeared first on Crypto Briefing.
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.
Charles Hoskinson slams lawsuit targeting dormant Bitcoin wallets
Charles Hoskinson criticized a New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets holding an estimated 3.7M BTC.
‘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: […]
Dell (DELL) Stock Surges 4% Following Massive $9.7B Defense Department Contract
Dell (DELL) stock climbed 4% pre-market after winning a $9.7B Pentagon software contract. Q1 FY27 earnings expected to show 91% EPS growth. The post Dell (DELL) Stock Surges 4% Following Massive $9.7B Defense Department Contract appeared first on Blockonomi.
Oil prices rise as US and Iran exchange strikes, putting peace deal in doubt
Rising oil prices and military tensions could exacerbate global inflation, complicate diplomatic efforts, and destabilize financial markets. The post Oil prices rise as US and Iran exchange strikes, putting peace deal in doubt appeared first on Crypto Briefing.
Wix cuts 1,000 jobs, about 20% of workforce, as AI reshapes the website builder
Wix's job cuts highlight the disruptive impact of AI on traditional roles, prompting a reevaluation of workforce strategies and economic models. The post Wix cuts 1,000 jobs, about 20% of workforce, as AI reshapes the website builder appeared first on Crypto Briefing.
Google engineer charged with insider trading on Polymarket for $1.2M
The case highlights increasing regulatory scrutiny on prediction markets, potentially leading to stricter compliance measures and enforcement. The post Google engineer charged with insider trading on Polymarket for $1.2M appeared first on Crypto Briefing.
Musk Reveals SpaceX-Anthropic Computing Agreement Is Short-Term Lease, Not Multi-Year Deal
Elon Musk clarifies SpaceX's computing deal with Anthropic is a 180-day lease with exit clauses, not a multi-year contract, as the company prepares for IPO. The post Musk Reveals SpaceX-Anthropic Computing Agreement Is Short-Term Lease, Not Multi-Year Deal appeared first on Blockonomi.
Wix cuts 1,000 jobs, about 20% of workforce, as AI reshapes the company from the inside
Wix's job cuts highlight the disruptive impact of AI on traditional roles, prompting a reevaluation of workforce strategies and economic models. The post Wix cuts 1,000 jobs, about 20% of workforce, as AI reshapes the company from the inside appeared first on Crypto Briefing.
Nvidia CEO Jensen Huang to visit South Korea next week
Nvidia's strategic focus on South Korea strengthens its semiconductor supply chain, enhancing AI capabilities and ensuring stable growth. The post Nvidia CEO Jensen Huang to visit South Korea next week appeared first on Crypto Briefing.
Trump Administration Weighs Pentagon Loans for U.S. Drone Manufacturers as Defense Stocks Rally
Drone stocks surge as Trump administration considers Pentagon funding deals. Red Cat, Unusual Machines, and Kratos among companies benefiting from defense push. The post Trump Administration Weighs Pentagon Loans for U.S. Drone Manufacturers as Defense Stocks Rally appeared first on Blockonomi.
Crude Oil Prices Jump 2.5% Following Fresh U.S.-Iran Military Strikes
Oil prices surge over 2.5% after U.S.-Iran military exchange. Brent hits $96.74, WTI reaches $90.95 as Strait of Hormuz remains closed to shipping. The post Crude Oil Prices Jump 2.5% Following Fresh U.S.-Iran Military Strikes appeared first on Blockonomi.
Marvell (MRVL) Stock Slides After Strong Q1 Results and Raised Guidance
Marvell (MRVL) stock fell 2.6% premarket despite beating Q1 revenue estimates and raising guidance. Goldman Sachs lifted price target to $180. The post Marvell (MRVL) Stock Slides After Strong Q1 Results and Raised Guidance appeared first on Blockonomi.
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.
CFTC Moves to Overturn $5 Million Gemini Penalty Following Internal Investigation
CFTC files motion to reverse Gemini's $5M penalty after discovering credibility issues with evidence in the crypto enforcement case from 2022. The post CFTC Moves to Overturn $5 Million Gemini Penalty Following Internal Investigation appeared first on Blockonomi.
ServiceNow (NOW) Stock Analysis: Evaluating the Investment Opportunity
ServiceNow (NOW) stock analysis: Q1 earnings meet expectations with 22% revenue growth, institutional buying surges, and analyst targets remain elevated. The post ServiceNow (NOW) Stock Analysis: Evaluating the Investment Opportunity appeared first on Blockonomi.
Samsung’s $408M Dunamu deal signals bigger crypto push
Samsung units will buy a 4% stake in Upbit parent Dunamu for $408M as Korean banks and tech firms prepare for new digital asset rules ahead.
US strikes Iranian targets as peace deal remains elusive, crypto markets reel
Geopolitical tensions heighten market volatility, challenging crypto's safe-haven status and complicating diplomatic resolutions. The post US strikes Iranian targets as peace deal remains elusive, crypto markets reel appeared first on Crypto Briefing.
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.
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.
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 […]
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 […]
US strikes Iranian targets as peace deal remains elusive, Bitcoin drops below $73K
Geopolitical tensions heighten market volatility, challenging crypto's safe-haven status and complicating diplomatic resolutions. The post US strikes Iranian targets as peace deal remains elusive, Bitcoin drops below $73K appeared first on Crypto Briefing.
Wiwynn warns of AI infrastructure bottlenecks, expects shortages through 2028
AI infrastructure bottlenecks could hinder tech industry growth and innovation, necessitating strategic investments and diversification efforts. The post Wiwynn warns of AI infrastructure bottlenecks, expects shortages through 2028 appeared first on Crypto Briefing.
BlackRock's IBIT Hits Largest Outflow Ever
BlackRock’s iShares Bitcoin Trust (IBIT) suffered a record-breaking $527.84 million outflow on May 27.
Bit Digital backs WhiteFiber with $100M Ethereum-linked loan
Bit Digital extends a $100M WhiteFiber loan using an Ethereum credit line to fund AI growth while retaining ETH exposure and earning spread.
Iran’s IRGC strikes US airbase in retaliation, raising crypto market volatility concerns
Geopolitical tensions underscore the vulnerability of crypto markets, highlighting the risks of leverage amid unpredictable global events. The post Iran’s IRGC strikes US airbase in retaliation, raising crypto market volatility concerns appeared first on Crypto Briefing.
Nvidia CEO Jensen Huang joins advisory board of Tsinghua University amid US-China chip tensions
Huang's role may influence US-China tech relations, impacting global semiconductor strategies amid ongoing geopolitical tensions. The post Nvidia CEO Jensen Huang joins advisory board of Tsinghua University amid US-China chip tensions appeared first on Crypto Briefing.
Mistral AI explores custom chip designs, announces new data center in France
Mistral AI's expansion underscores Europe's strategic push for AI independence, potentially reshaping global tech dynamics and sovereignty. The post Mistral AI explores custom chip designs, announces new data center in France appeared first on Crypto Briefing.
WORLD token rug pull allegations drag James Wynn back into controversy
James Wynn has faced fresh backlash across crypto social media after blockchain investigators linked him to a newly launched token that allegedly ended in a rug pull worth only 3.2 SOL, or roughly $260. According to on-chain analytics platform Lookonchain,…
Critical Pi Network (PI) Update, Ripple (XRP) Price Crash, and Altcoins in Danger: Bits Recap May 28
The US Gov't might be dumping altcoins, Pi Network announced a critical upgrade, and more in this week's recap.
US Treasury erases 80 outdated names from sanctions blacklist
Streamlining the SDN list reduces compliance costs and operational friction, signaling a shift towards more dynamic sanctions management. The post US Treasury erases 80 outdated names from sanctions blacklist appeared first on Crypto Briefing.
Ukraine’s parliament to vote on ratification of €90B EU loan
The EU's substantial loan to Ukraine underscores geopolitical alliances, potentially stabilizing Ukraine's economy while influencing EU-Russia dynamics. The post Ukraine’s parliament to vote on ratification of €90B EU loan appeared first on Crypto Briefing.
IRGC targets US base in retaliation for Bandar Abbas strikes, triggering $200M in crypto liquidations
Geopolitical tensions underscore the vulnerability of crypto markets, highlighting the risks of leverage amid unpredictable global events. The post IRGC targets US base in retaliation for Bandar Abbas strikes, triggering $200M in crypto liquidations appeared first on Crypto Briefing.
Nvidia CEO Jensen Huang joins advisory board of Tsinghua University
Huang's role may influence US-China tech relations, impacting global semiconductor strategies amid ongoing geopolitical tensions. The post Nvidia CEO Jensen Huang joins advisory board of Tsinghua University appeared first on Crypto Briefing.
Mistral AI announces new data center in France, explores custom chip designs
Mistral AI's expansion underscores Europe's strategic push for AI independence, potentially reshaping global tech dynamics and sovereignty. The post Mistral AI announces new data center in France, explores custom chip designs appeared first on Crypto Briefing.
AtlasEdge secures over €1.2B for AI infrastructure rollout across Europe
AtlasEdge's strategic focus on secondary markets and sustainable investments could reshape Europe's AI infrastructure landscape amid regulatory constraints. The post AtlasEdge secures over €1.2B for AI infrastructure rollout across Europe appeared first on Crypto Briefing.
Bitcoin ETFs and gold see outflows as investors retreat from the debasement trade
Investor retreat from debasement trades signals shifting confidence in traditional and digital hedges, impacting market dynamics and asset strategies. The post Bitcoin ETFs and gold see outflows as investors retreat from the debasement trade appeared first on Crypto Briefing.
CFPB orders all staff back to Washington as Trump administration tightens grip on consumer watchdog
Centralizing the CFPB may weaken its oversight, potentially leading to increased state-level regulation and a fragmented compliance landscape. The post CFPB orders all staff back to Washington as Trump administration tightens grip on consumer watchdog appeared first on Crypto Briefing.
Bit Digital extends $100M loan facility to WhiteFiber backed by Ethereum credit line
Bit Digital's strategy highlights the potential for crypto assets to diversify revenue streams but also underscores risks tied to market volatility. The post Bit Digital extends $100M loan facility to WhiteFiber backed by Ethereum credit line appeared first on Crypto Briefing.
Ethereum price slips as outflows hit 2024 low: What next?
Ethereum trades near $1,986 after falling below $2,000, as weak outflows, rising failed transactions, and low RSI keep ETH under pressure.
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.
Red Cat Holdings (RCAT) Stock Surges 9% Following Bullish Analyst Debut with 100% Upside Target
Red Cat Holdings (RCAT) stock rose 9% after H.C. Wainwright initiated coverage with a Buy rating and $20 target, implying 100% upside for the drone maker. The post Red Cat Holdings (RCAT) Stock Surges 9% Following Bullish Analyst Debut with 100% Upside Target appeared first on Blockonomi.
Kraken Unveils New Bitcoin Vault Offering 2.5% Annual BTC Returns
Kraken debuts Bitcoin Vault, offering up to 2.5% annual BTC rewards through managed DeFi strategies. Product surpasses $30M in deposits within hours. The post Kraken Unveils New Bitcoin Vault Offering 2.5% Annual BTC Returns appeared first on Blockonomi.
Iran restores missile sites after US-Israel strikes, tensions rise
The restoration of missile sites in Iran signals escalating regional tensions, potentially impacting geopolitical stability and airspace security. The post Iran restores missile sites after US-Israel strikes, tensions rise appeared first on Crypto Briefing.
Ondas Holdings (ONDS) Stock Surges 10% Amid Defense AI Acquisition Excitement
Ondas (ONDS) stock jumped 10.54% to $10.80 on strong Q1 earnings and the Omnisys AI defense acquisition ahead of its Thursday shareholder meeting. The post Ondas Holdings (ONDS) Stock Surges 10% Amid Defense AI Acquisition Excitement appeared first on Blockonomi.
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 […]
US Treasury erases 80 outdated names from sanctions blacklist
Streamlining the SDN list reduces compliance costs and operational friction, signaling a shift towards more dynamic sanctions management. The post US Treasury erases 80 outdated names from sanctions blacklist appeared first on Crypto Briefing.
European Central Bank outlines strategy to modernize central bank money with digital euro
The ECB's digital euro strategy could reshape global financial dynamics, challenging USD dominance and enhancing eurozone monetary sovereignty. The post European Central Bank outlines strategy to modernize central bank money with digital euro appeared first on Crypto Briefing.
Astrotech (ASTC) Stock Explodes 500% on Lunar Mining Strategy for Quantum Computing
Astrotech (ASTC) stock exploded 500% Wednesday following board approval of a lunar resource strategy targeting materials for quantum computing supply chains. The post Astrotech (ASTC) Stock Explodes 500% on Lunar Mining Strategy for Quantum Computing appeared first on Blockonomi.
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.
Bitcoin price nears $73K as exchange reserves flash rare signal
Bitcoin trades near $73,257 as exchange reserves hit 2019 lows, while weak SOPR, RSI, and MACD readings keep market momentum under pressure.