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cryptobriefing.com BetBoom Team faces Team Falcons in round 2 of IEM Cologne Major as crypto remains absent from esports’ biggest stage

The absence of crypto sponsorships in major esports events highlights the volatility and instability of crypto investments in the esports industry. The post BetBoom Team faces Team Falcons in round 2 of IEM Cologne Major as crypto remains absent from esports’ biggest stage appeared first on Crypto Briefing.

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forklog.media HKU Develops Cryogenic Neuromorphic Platform for Quantum Systems

Researchers at the University of Hong Kong have developed a programmable cryogenic neuromorphic platform based on silicon carbide transistors. It mimics the spiking activity of neurons at temperatures as low as 10 mK. The core of the development is the controlled negative differential resistance in SiC MOSFET transistors. This effect occurs when cooled below 2 K, enabling the creation of energy-efficient neuromorphic circuits, including sensory, logical, and integrating neurons. The authors view the platform as a way to reduce heat dissipation and wiring volume in cryogenic qubit control systems. Potential applications include quantum error correction, real-time qubit management, and electronics for deep space.

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blockonomi.com Galaxy Research Says Bitcoin Bottom Is Not In, Projects $40K–$46K Base-Case Floor by Late 2026

TLDR: Galaxy Research says only 4 of 13 historical bottom indicators have triggered in the current drawdown. The firm projects a base-case Bitcoin floor of $40K–$46K, with a harsh washout scenario near $30K–$37K. October 2025 marked Bitcoin’s calmest cycle top ever, with MVRV reaching just 2.29 against prior highs of 5.91. The cost basis sits [...] The post Galaxy Research Says Bitcoin Bottom Is Not In, Projects $40K–$46K Base-Case Floor by Late 2026 appeared first on Blockonomi.

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cryptobriefing.com Iran’s frozen assets will only flow after verified compliance, US insists in performance-based deal

The US's performance-based approach to Iran's asset release could reshape global oil markets and impact crypto platforms linked to sanctioned regions. The post Iran’s frozen assets will only flow after verified compliance, US insists in performance-based deal appeared first on Crypto Briefing.

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themerkle.com Pump.fun Deposits Another $4.5M in SOL to Kraken as Cumulative Sales Near $785M

Pump.fun is moving SOL again. The meme coin launchpad just deposited 67,482 SOL worth approximately $4.51 million into Kraken over the past hour. Thereby,  extending what has become one of the most consistent and closely watched sell-side trends in the Solana ecosystem. The deposit is not an isolated event. On-chain data shows Pump.fun has now offloaded a cumulative 4.53 million SOL worth $784.7 million at an average execution price of $173 per token. That is a sustained, systematic liquidation of treasury holdings that has been playing out over time, and the market has been watching every deposit hit the exchange. The post Pump.fun Deposits Another $4.5M in SOL to Kraken as Cumulative Sales Near $785M appeared first on The Merkle News.

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blockonomi.com SpaceX IPO Crypto to Buy Before It’s Too Late? Investors Rush Ahead of the Launch

The SpaceX IPO countdown is turning the launch economy into one of the loudest market stories of the moment. Reuters reported that SpaceX is aiming to raise $75 billion at a valuation around $1.75 trillion, with trading expected to begin on Nasdaq after pricing. Another Reuters report, citing Bloomberg News, said the IPO has already [...] The post SpaceX IPO Crypto to Buy Before It’s Too Late? Investors Rush Ahead of the Launch appeared first on Blockonomi.

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blockonomi.com SpaceX IPO Crypto to Buy Before the Launch? Investors Are Moving Early Into SpaceBeat

The SpaceX IPO countdown is pushing the launch economy into the center of market attention. Reuters reported that SpaceX is targeting a record $75 billion IPO raise at around a $1.75 trillion valuation, with shares planned at $135 and a Nasdaq debut under the ticker SPCX. A separate Reuters report said the IPO has drawn [...] The post SpaceX IPO Crypto to Buy Before the Launch? Investors Are Moving Early Into SpaceBeat appeared first on Blockonomi.

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cryptobriefing.com Block’s Cash App Wand sells out in hours, signaling a new chapter in fintech product innovation

The rapid sellout of Block's Cash App Wand highlights a shift towards integrating fintech with fashion, potentially boosting user engagement and revenue. The post Block’s Cash App Wand sells out in hours, signaling a new chapter in fintech product innovation appeared first on Crypto Briefing.

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bitcoinmagazine.com Sam Bankman-Fried Loses Appeal to Overturn FTX Fraud Conviction

Bitcoin Magazine Sam Bankman-Fried Loses Appeal to Overturn FTX Fraud Conviction One of Sam Bankman-Fried's final viable avenues to overturn his conviction closed Friday after a federal appeals court upheld both his fraud conviction and 25-year prison sentence, keeping the disgraced FTX founder behind bars. This post Sam Bankman-Fried Loses Appeal to Overturn FTX Fraud Conviction first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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cryptobriefing.com Natus Vincere seeks first win over Legacy at IEM Cologne Major as crypto exits esports sponsorship stage

The shift from crypto to traditional sponsorships in esports may signal a stabilization phase, impacting future investment and partnership dynamics. The post Natus Vincere seeks first win over Legacy at IEM Cologne Major as crypto exits esports sponsorship stage appeared first on Crypto Briefing.

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cryptobriefing.com Israel prepares military options against Iran’s nuclear program as crypto markets feel the shockwaves

Geopolitical tensions over Iran's nuclear program highlight the vulnerability of highly leveraged markets, impacting global financial stability. The post Israel prepares military options against Iran’s nuclear program as crypto markets feel the shockwaves appeared first on Crypto Briefing.

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news.bitcoin.com World Cup 2026 Could Draw $50 Billion in Bets, a First for Prediction Markets

Macquarie expects the 2026 World Cup to draw more than $50 billion in global wagers, the biggest betting event ever – a major milestone made even more important by this being the first football event of its kind to play out with regulated U.S. prediction markets and crypto sportsbooks fighting for their share of the […]

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forklog.media Court Upholds Sam Bankman-Fried’s Conviction

The U.S. Court of Appeals for the Second Circuit has rejected Sam Bankman-Fried's attempt to secure a new trial and overturn his conviction in the FTX case. In a 42-page ruling, a panel of three judges deemed the prosecution's evidence compelling. The court also dismissed the defense's argument that the lower court did not allow evidence supporting the claim that FTX had sufficient funds to pay its clients.

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forklog.media Galaxy Predicts Bitcoin Could Drop to $40,000

Experts from Galaxy Research have concluded that the current market cycle for the leading cryptocurrency has not yet hit its bottom. According to their report, the asset's price could fall to a range of $40,000-$46,000. Source: Galaxy. Analysts noted that the four-year price movement rhythm, tied to halvings, persists. However, the amplitude of fluctuations is decreasing: each new peak is less "euphoric," and the declines are less severe. The peak recorded in October 2025 at $124,824 was described by researchers as the calmest in history. They attribute this to the dominance of institutional capital and the launch of spot Bitcoin ETFs, which have smoothed volatility compared to past retail rallies. Where is the Bottom? To determine the potential minimum, experts used the realized price (the average purchase cost of coins by all holders). Currently, this figure is around $53,000. Source: Galaxy. In previous cycles, Bitcoin's price typically fell below this level by 25-44%. At present, only four out of 13 key bottom indicators have signaled a minimum. Galaxy's scenarios are as follows: Base case: decline to $40,000-$46,000. Pessimistic: in the event of severe panic, the price could drop to $30,000-$37,000. Optimistic: support at the cost level around $51,000-$54,000. Source: Galaxy. Timing and Risks Historically, the bottom forms 12-13 months after reaching an all-time high. This suggests that the window for forming a minimum will open in the fourth quarter of 2026. Researchers warned that calculations are based on the cost of coin purchases. If panic selling begins, this figure will decrease, potentially pushing support levels even lower. Earlier, in May, analysts predicted Bitcoin's exit from the bear phase.

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cryptobriefing.com US Energy Secretary Wright warns military action may restore product flow through Strait of Hormuz

Military intervention in the Strait of Hormuz could stabilize energy markets but risks escalating conflict, impacting global inflation and liquidity. The post US Energy Secretary Wright warns military action may restore product flow through Strait of Hormuz appeared first on Crypto Briefing.

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blockonomi.com SBF Loses Appeal: Court Upholds FTX Fraud Conviction and 25-Year Sentence

TLDR: Appeals court upholds Bankman-Fried’s fraud conviction and 25-year prison sentence. Judges called the government’s evidence against him “conservatively stated, robust.” Former deputies’ testimony proved he diverted FTX funds to Alameda Research. Bankman-Fried remains imprisoned near Santa Barbara, eligible for release in 2044. Sam Bankman-Fried has lost his appeal to overturn his fraud conviction and [...] The post SBF Loses Appeal: Court Upholds FTX Fraud Conviction and 25-Year Sentence appeared first on Blockonomi.

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cryptopotato.com Ethereum Price Analysis: ETH’s Next Rally Attempt Hinges on This Key Level

Ethereum remains under significant pressure across higher and lower timeframes after losing several major technical levels in quick succession. While the recent rebound from the local bottom around $1.5K has provided some short-term relief, the broader structure still favors sellers unless ETH can reclaim a series of key resistance zones overhead. Moreover, the rising put/call […]

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cryptobriefing.com Trump calls Iranian drone attack on Indian ships totally unacceptable as crypto markets react to Strait of Hormuz tensions

The incident heightens geopolitical tensions, impacting global markets and potentially altering India's diplomatic and economic strategies. The post Trump calls Iranian drone attack on Indian ships totally unacceptable as crypto markets react to Strait of Hormuz tensions appeared first on Crypto Briefing.

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forklog.media What Is Technofeudalism?

Why “feudalism”? Technofeudalism is the hypothesis that digital platforms have reshaped the economy so profoundly that it is no longer capitalist. In such a system, power and wealth come not from producing goods but from the rent a handful of corporations charge for access to infrastructure they own. The feudal analogy is straightforward. In the Middle Ages, peasants worked land owned by a lord and surrendered part of the harvest for the right to remain on it. Proponents argue digital platforms are the new land. Merchants, developers and users depend on them much like peasants depended on estates, and hand over a share of their income to the owners. Who coined the term? The name most often associated with technofeudalism is Yanis Varoufakis — the economist, former Greek finance minister and author of the 2023 bestseller “Technofeudalism: What Killed Capitalism.” But viewing digital networks and platforms as a new form of domination emerged at least two decades earlier. In 2002, Alexander Bard and Jan Söderqvist described “netocrats” — a new elite of the digital society controlling information flows — in their book “Netocracy: The New Power Elite and Life After Capitalism.” In 2004, media theorist McKenzie Wark introduced the “vectoralist class” — owners of information transmission channels — in “A Hacker Manifesto.” In 2014, researchers Vasilis Kostakis and Michel Bauwens, in “Network Society and Future Scenarios for a Collaborative Economy,” proposed the concept of “netarchical capitalism” — a regime in which centrally controlled platforms organize user interactions to accumulate capital. They called it a “neo-feudal form of cognitive capitalism”: users create value, while platform owners monetize it. Economist Cédric Durand’s “Technofeudalism: Critique of the Digital Economy” (2020) has strongly influenced the modern understanding of the term. Political theorist Jodi Dean, in “The Grave of Capital: Neofeudalism and the New Class Struggle” (2025), develops the idea that capitalism is gradually giving way to a new system of power and dependency. Technofeudalism, then, is not one person’s theory but a concept shaped by years of debate among philosophers and scholars of the digital society. Varoufakis brought it to a wider audience and drew media attention to it, acting more as a popularizer than a pioneer. What are cloud capital and cloud rent? Cloud capital is a new form of capital embodied in digital platforms, algorithms and datasets. It not only extracts profit from user activity but also shapes preferences by steering attention and behavior through search engines, recommendation systems and other services. Wark would call this control over the “vector,” while Varoufakis describes it as owning the “means of behavior modification.” Varoufakis sees a fundamental difference from traditional capital. Factory machines or farm equipment are used to produce goods. Cloud capital produces nothing directly: it creates and controls the digital environment where people trade, socialize and work, and platform owners derive income from their control over that environment and access to it. This income is called cloud rent. For example, a developer distributes an app via the App Store, and the store’s owner takes a cut of sales and in‑app purchases. In the technofeudalism view, the source of these revenues is not creating the product itself but control over the digital infrastructure through which data and payments flow. Who are vassal capitalists, cloud proletarians and serfs? Varoufakis divides participants in the technofeudal economy into four groups: Owners of cloud capital — the proprietors of digital platforms and algorithmic systems. They control the infrastructure where shopping, search, communication and entertainment happen, and extract rent from it; Vassal capitalists — companies that produce real goods and services but depend on platforms. An e‑bike maker on Alibaba or a seller on Amazon hands part of their profit to the platform owner and ends up subordinate, even if formally still a capitalist; Cloud proletarians — couriers, ride‑hailing drivers, warehouse staff and other workers whose labor is organized by algorithms. They are paid per shift or task but do not own the platform or set work conditions; Cloud serfs — ordinary users. Every post, like, comment or search query becomes data and content that the service monetizes. Unlike employees, cloud serfs typically are not paid for this. “Every time you upload a video to TikTok, Facebook or Instagram, you increase the value of those platforms. We do this with our labor, our activity and simply our presence. So we are not just serfs. We are cloud serfs who create capital. And nothing like this has ever existed in history,” Varoufakis said in a WIRED interview. Is it really not capitalism? Not everyone agrees with Varoufakis’s claim that capitalism has yielded to a new system. Critics acknowledge digital platforms have radically changed the economy, but say that does not necessarily imply a turn to feudalism. One of the most detailed critiques comes from technology scholar Evgeny Morozov. In his essay “Critique of Techno‑Feudal Reason” and a Jacobin interview, he argues that advocates of the concept mistake features of contemporary capitalism for signs of a fundamentally new order. When corporations control platforms, levy fees, manage user data and dictate market rules, it is tempting to conclude: “This is no longer capitalism.” Morozov calls that conclusion premature. Capitalism, he notes, was never reducible to free competition and innovation. Big business has always sought to entrench its power, corner key resources and use its position for extra gains. Platforms like Google, Amazon or Meta do this in new ways, but the underlying logic remains. Tech giants continue to invest: they build data centers, expand digital infrastructure, develop new products, pour billions of dollars into research and hire hundreds of thousands of employees. For Morozov, this matters because these corporations do not merely collect platform rent; they grow and compete with one another. He therefore suggests viewing the platform economy not as a post-capitalist or feudal order, but as a form of contemporary capitalism. In his view, digital platforms have amplified longstanding tendencies of the capitalist system — concentration of power, market monopolization and rent extraction — without creating a fundamentally new way to organize the economy. What does Varoufakis say about Bitcoin? Varoufakis devotes a separate chapter to digital assets — “The False Promises of Cryptocurrencies.” He opens with a historical parallel. In “Utopia,” Thomas More pondered how to free society from feudal vices. Tommaso Campanella’s “The City of the Sun” argued power should belong to artisans rather than parasitic elites. The economist sees crypto‑enthusiasts as heirs to this quest for a fairer social order. “[Their] faith in the power of crypto technologies is as much a reaction to technofeudalism as the original Utopia was a reaction to feudalism,” Varoufakis writes. He says that after the 2008 financial crisis, Bitcoin inspired a wide range of people, but over time the “libertarian faction of the crypto movement” prevailed. “For them, the number‑one enemy was always central banks, which they portrayed as a kind of Catholic Church insisting on mediating between people and their sacred profits, while casting themselves as modern Martin Luthers, proclaiming a Protestant Reformation. Thus, a crypto movement that initially attracted both anarchists and socialists turned into an extremely volatile currency market where anyone savvy enough in the new blockchain technology minted their own ‘coins,’ trying to pump their dollar value before cashing out. Their ideological disdain for fiat, or state‑created, money turned out to be a ruse to issue their own fiat. By the time one bitcoin traded above twenty thousand dollars in 2017, the cryptocurrency’s early emancipatory aura had evaporated,” the book says. In Varoufakis’s view, the chief beneficiaries of the technology became the very institutions it initially opposed. He points to examples such as blockchain platforms from JPMorgan and Microsoft, and solutions from Goldman Sachs, Mastercard and Visa. “Instead of gradually leading us to utopia, cryptocurrency has become another instrument of cloud finance and an engine of cloud‑capital accumulation,” he concludes. Varoufakis calls blockchain a brilliant answer to a question “we have not yet formulated.” But if the question is how to fix capitalism or overthrow technofeudalism, he argues, it is not the tool for that. “This does not mean crypto technologies will never prove useful to progressives. If and when we manage to socialize cloud capital and democratize our economy, blockchain technologies will come in handy,” he allows.

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blockonomi.com Bitcoin Price Prediction 2026: $GRUNTLE Pays 7,856% APY as BTC Puell Multiple Drops and DOGE Stalls

Bitcoin (BTC) mining revenue metrics have shifted significantly, with the Puell Multiple dropping to 0.74 as the asset trades at $62,982. This decline places the network in a historical accumulation zone, prompting analysts to revise their Bitcoin Price Prediction 2026 models as the broader crypto market navigates a $2.24 trillion valuation. Against this backdrop, crypto [...] The post Bitcoin Price Prediction 2026: $GRUNTLE Pays 7,856% APY as BTC Puell Multiple Drops and DOGE Stalls appeared first on Blockonomi.

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cryptobriefing.com Thomas Tuchel praises Elliot Anderson as Manchester City and Manchester United circle with transfer bids

Tuchel's endorsement of Anderson amid transfer bids highlights the growing influence of young talent on club strategies and market dynamics. The post Thomas Tuchel praises Elliot Anderson as Manchester City and Manchester United circle with transfer bids appeared first on Crypto Briefing.

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themerkle.com Metaplanet Acquires Siiibo Securities to Build Japan First Bitcoin-Centric Financial Ecosystem Under Project Nova

Metaplanet is not just buying Bitcoin anymore, it is building the infrastructure to distribute it. The Tokyo-listed company has entered into an agreement to acquire 100% of Siiibo Securities, a licensed Japanese securities firm and pioneer of the country’s online corporate bond market, in what marks the company’s first major acquisition and the opening move of a much larger strategy. The deal, expected to close in July, transforms Metaplanet from a Bitcoin treasury company into something far more ambitious: a regulated financial platform with the pipes to bring Bitcoin-linked products directly to Japanese retail investors. Siiibo Securities Becomes Metaplanet Securities The post Metaplanet Acquires Siiibo Securities to Build Japan First Bitcoin-Centric Financial Ecosystem Under Project Nova appeared first on The Merkle News.

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blockonomi.com Securitize Brings AAA CLO Fund to Solana as Ethena Plans $250M Allocation

TLDR: Securitize expands its Tokenized AAA CLO Fund, STAC, to the Solana blockchain network. Ethena Labs plans a $250 million allocation to STAC, backing USDe’s reserves. STAC was developed with BNY, which serves as custodian and sub-adviser for assets. Global CLO issuance tops $1.3 trillion, marking a major tokenization milestone for credit. Securitize has expanded [...] The post Securitize Brings AAA CLO Fund to Solana as Ethena Plans $250M Allocation appeared first on Blockonomi.

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