Month: May 2025
OCC: Banks Can Buy and Sell Their Customers’ Crypto Assets Held in Custody
The U.S. Office of the Comptroller of the Currency, which regulates national banks, has continued its about-face to earlier resistance to cryptocurrency in banking, issuing interpretive letters that say the institutions can — at their customers’ behest — buy and sell crypto assets in custody. The newly explained policy stance released by the OCC on … Read more
Stripe unveils AI foundation model for payments, reveals ‘deeper partnership’ with Nvidia
Fintech giant Stripe announced Wednesday a slew of new product launches at its annual Stripe Sessions user event. The highlights include: a new AI foundation model for payments; stablecoin-powered accounts; a new Orchestration offering, and a recent migration with chip behemoth Nvidia. Stripe’s payments foundation model has been trained on tens of billions of transactions, … Read more
Falling DXY part of US financial system’s ‘long-term transition’ — Will Bitcoin continue to shine?
What to know: Lyn Alden says a weaker dollar is necessary for the US to stabilize its financial system. Bitcoin and gold are well-positioned to benefit from de-dollarization. Sovereign wealth funds and various nations are already increasing their Bitcoin exposure as the dollar’s global dominance starts to wane. The weakening of the US dollar (DXY) … Read more
Ex-SafeMoon CEO claims innocence, blames founder as trial begins
Braden John Karony, the former CEO of crypto firm SafeMoon, made an out-of-court statement claiming innocence as his criminal trial began in New York. In a May 6 X post after court proceedings had likely ended for the day, Karony said he was innocent and “did not commit fraud” in response to media coverage of … Read more
Trump cuts Energy Star program that saved households $450 a year
The Trump administration is moving to shut down the Energy Star program, which saves homeowners an average of $450 a year. “If you wanted to raise families’ energy bills, getting rid of the Energy Star label would be a pretty good way,” says Steven Nadel of the American Council for Energy Efficiency. The program, which … Read more
OpenAI and the FDA are reportedly discussing AI for drug evaluations
OpenAI has met with officials from the U.S. Food and Drug Administration (FDA) to discuss the agency’s use of AI to speed up drug evaluations, Wired reported on Wednesday. According to the report, OpenAI and the FDA have discussed a project called cderGPT, which seems to be an AI tool for the Center for Drug … Read more
Fed Stagflation Risk Signal Could Be Bullish for Bitcoin, Analyst Says
The Federal Reserve is growing increasingly alert to stagflation risks—an uneasy mix of slowing growth and rising inflation that could challenge policymakers. While Chair Jerome Powell insisted that the economy is in “good shape” and emphasized that the central bank is in “a good position to wait and see,” prior to shifting policy, subtle changes … Read more
The Papal ‘conclave cam’ is slow TV
On YouTube, hundreds of thousands of viewers around the world are staring at an unmoving broadcast of the Sistine Chapel chimney. Occasionally, a seagull will swoop in and perch atop the roof for a few minutes. But for the most part, nothing happens. On Wednesday, the College of Cardinals started the process of picking the … Read more
OpenAI for Countries
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Binance's BNB Chain rebounds amid institutional, DeFi adoption
Binance-affiliated BNB Chain has rebounded after a period of stagnation in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption. During the past year, BNB Chain has benefited from multibillion-dollar inflows into DeFi, US exchange-traded funds (ETFs), and rising trading volume at affiliated centralized exchange (CEX) Binance. Consequently, the blockchain network’s native BNB token (BNB) … Read more
GovEagle (YC W23) Is Hiring
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SpyCloud Analysis Reveals 94% of Fortune 50 Companies Have Employee Data Exposed In Phishing Attacks
Austin, USA / Texas, May 7th, 2025/CyberNewsWire/–SpyCloud, the leading identity threat protection company, today released an analysis of nearly 6 million phished data records recaptured from the criminal underground over the last six months. Phishing attacks have been growing in scale and sophistication, and SpyCloud’s research reveals that cybercriminals are increasingly targeting high-value identity data … Read more
Bitcoin for Shares? Strive Asset Management Unveils Listing Plans, Treasury Strategy
Strive Asset Management is adopting Bitcoin as a treasury reserve asset after pushing other firms to do the same, unveiling a reverse merger.
Google launched a Gemini app for iPad
Google has announced a dedicated iPadOS version of the Gemini app. Previously, you could only run the iOS version of Gemini in compatibility mode on an iPad. Here’s some of the announcement, which Google spokesperson Elijah Lawal emailed to The Verge: With the new app, you can use the split view on the iPad to … Read more
Bybit Bounces Back: Kaiko Validates Fast Liquidity Recovery Post-$1.5B Hack
Dubai, UAE, May 7th, 2025/Chainwire/In the aftermath of the largest hack in crypto history, Bybit has emerged as a case study in market resilience, transparency, and user trust. A new independent report by Kaiko, a leading provider of institutional-grade crypto market data, reveals that Bybit’s liquidity rebounded to pre-incident levels within just 30 days—a feat … Read more
Trump Crypto Advisor David Bailey In Talks to Launch Bitcoin Investment Company: The Information
David Bailey, CEO of BTC Inc., the owner of Bitcoin Magazine, is planning to launch a publicly traded bitcoin (BTC) investing company, The Information reported, citing people familiar with the matter. Bailey, who advised Donald Trump on crypto policy during his 2024 presidential campaign, is reportedly seeking $200 million through a private share sale and … Read more
Delta debuts its Patreon-supported iOS app update after US App Store policy change
A game emulator called Delta is taking advantage of the recent court decision around Apple’s App Store to be able to support its business by linking to its Patreon membership page. The update, approved Wednesday for release on the U.S. App Store, allows Delta users to join the Delta team’s Patreon directly from the mobile … Read more
Reddit will keep old Reddit online ‘as long as people are using it,’ says CEO
The old Reddit layout sometimes looks a bit outdated, but it’s beloved by many Reddit users, including me. I’ve worried for some time that Reddit would eventually pull the plug on it in favor of the newer and more modern interface, but based on a recent post from Reddit CEO Steve Huffman, it doesn’t sound … Read more
Cloudways Hosting: A Masterclass In Slow Uncached Misery
Oh boy, Cloudways. Let’s talk about the absolutely snail-paced performance of their uncached pages. I don’t care how many marketing dollars they throw into saying they’re “optimized,” or how many cloud platforms they let you pick from—if your uncached pages are slower than a dial-up connection in 1998, what’s the point? Let’s get into it. … Read more
Sony WH-1000XM6 headphone specs and details leak early
Sony’s WH-1000XM5 (left) and last-gen WH-1000XM4 (right). Sony will launch a successor to its WH-1000XM5 noise cancelling headphones on May 15th, according to leaked information reported by Dealabs and Android Authority. Details of the new headphones model, called the WH-1000XM6, come from a now pulled Amazon Spain listing for the product that was first spotted … Read more
Rove, founded by a 22-year-old, is helping Gen Z earn airline miles without credit cards
During his junior year study abroad, Max Morganroth, traveled to 30 countries, primarily flying in business and first class. His jet setting was funded almost entirely by airline points he collected through strategic credit card applications and miles redemptions. Morganroth told TechCrunch that just about everyone he knew was “begging” him to teach them how … Read more
Tesla ‘Robotaxi’ trademark refused for being too generic
Tesla’s attempt to trademark the term “Robotaxi” in reference to its vehicles has been refused by the U.S. Patent and Trademark Office for being too generic, according to a new filing. Another application by Tesla to trademark the term “Robotaxi” for its upcoming ride-hailing service is still under examination by the office. In addition, applications … Read more
Anthropic rolls out an API for AI-powered web search
Anthropic is launching a new API that allows its Claude AI models to search across the web. Developers using it can build Claude-powered apps that deliver up-to-date info, the company said in a press release published Wednesday. The rollout of the API comes as AI companies look to augment their models in various ways that … Read more
Ethereum Pectra upgrade adds new features — How long before ETH price reacts?
Key takeaways: Reclaiming the $2,200 level remains the first price challenge for ETH. ETH price could recover if the Pectra upgrade leads to a surge in DApp and Ethereum network activity. Ethereum successfully implemented a key network upgrade on May 7, but Ether (ETH) price and its derivatives metrics showed little response to the upgrade. … Read more