U.S. Treasury Sanctions Burmese Militia Group Said to Run ‘Pig Butchering’ Compounds

A militia group in Burma that allegedly runs a large-scale haven for cyber scammers, the Karen National Army, has been blocked from the U.S. financial system by the Department of the Treasury. The U.S. authorities said Monday that the organization has provided a haven for transnational criminal organizations who use the border region controlled by … Read more

Spotlighting Tech’s Rising Star: Dealita, Winner of Startups of The Year 2024 in Riga, Latvia

Congratulations to Dealita, Startup of the Year 2024 in Riga, Latvia! Dealita manages investment deals The Latvian startup Dealita.ai uses artificial intelligence to automate one of the most time-consuming stages of the investment process – data collection and processing. This AI solution automates the handling of incoming deals, performs initial filtering and evaluation based on specific criteria, … Read more

Box art

Literary journals might have a stuffy reputation. But since its conception in 1998 by author Dave Eggers, McSweeney’s Quarterly has been anything but, opting instead to be an endlessly mutating delivery system for writing and art. It has been a hardcover book, a paperback, a newspaper. Once it was a bundle of mail; another time, … Read more

Waymo says it will add 2,000 more robotaxis in 2026

A Waymo robotaxi being assembled at the company’s factory in Mesa, Arizona. | Image: Waymo Waymo said it recently received its last delivery of Jaguar I-Pace SUVs, which will be retrofitted with sensors and autonomous driving technology at its factory in Arizona, before joining its robotaxi fleet. In a blog post published today, the Alphabet … Read more

The Pebble’s creator demos his new smartwatch

Eric Migicovsky demonstrates one of the first Core 2 Duo smartwatches from the factory where they’re being manufactured. | Screenshot: YouTube After announcing a new company called Core Devices and a pair of new smartwatches running the now open-source PebbleOS, the Pebble’s creator, Eric Migicovsky, has launched a podcast. In the first episode of Tick … Read more

VC Funding is Shifting from Gen-AI Apps to Deep Infrastructure

The past two years were dominated by “ChatGPT-for-X” pitches and billion-dollar application rounds. Yet, somewhere between rising GPU spot prices and shrinking retention curves, investors began to realise that the defensible margins in AI sit far below the prompt window. Evidence of the rotation is now unmistakable. Crunchbase reports that while global venture dollars to … Read more

Crypto market manipulation schemes are becoming increasingly coordinated

Opinion by: Tracy Jin, Chief Operating Officer, MEXC Market manipulation is everywhere and yet nowhere to be seen. It is an invisible threat affecting crypto and traditional markets, leaving ordinary traders counting the costs. Sometimes, manipulation is obvious — illiquid tokens being pumped high before being dumped just as fast — but often, it’s subtler … Read more

Ripple commits $25M US school nonprofits

Ripple, the US-based crypto services firm behind the XRP Ledger, has committed $25 million in Ripple USD (RLUSD) to education nonprofits DonorsChoose and Teach For America. According to a May 5 announcement, the grant will be processed through the crypto charity intermediary service The Giving Block. DonorsChoose CEO Alix Guerrier said “teachers are going the … Read more

Meta’s AI app is a nightmarish social feed

If you took Pinterest, mashed it together with everything annoying about Threads, and sprinkled generative AI prompts on top – that’d pretty much sum up the newly launched Meta AI site’s social feed. So far, prompting AI chatbots – those are the questions or requests you make – has primarily been a private affair. You … Read more

Bitcoin Treasury Firms’ ‘Dry Powder’ Could Push Prices Up Significantly: NYDIG

Bitcoin-holding public companies may be sitting on a powerful market catalyst: untapped issuance capacity that could meaningfully raise bitcoin’s (BTC) price, according to new research from NYDIG. In a report published this week, Greg Cipolaro, the firm’s global head of research, points to the “dry powder” in the form of share issuance potential among bitcoin … Read more

Chainlink to Start New Community Rewards Program for LINK Stakers

Chainlink is rolling out a new community rewards program to incentivize participation in its ecosystem, starting with a token distribution from decentralized data platform Space and Time (SXT). The program, called Chainlink Rewards, allows those projects based on the network to reward eligible Chainlink node operators and community members who help secure the network. Founded … Read more

Trump promises 100 percent tariff on movies ‘produced in foreign lands’

Thunderbolts and countless other Hollywood films were shot at least partially abroad. President Donald Trump says his administration will institute high tariffs on movies that fit the nebulous category of “produced in foreign lands,” a definition that could include anything from anime to the latest Marvel films. In a Sunday evening Truth Social post, Trump … Read more

Bitcoin’s Support at $88.8K in Focus After Trendline Break; XRP Eyes Death Cross: Technical Analysis

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s (BTC) weekend price movement has brought attention to the $88,800 support level, while XRP, the payments-focused cryptocurrency, seems close to confirming a bearish chart pattern known as the “death cross.” BTC fell 1.5% on Sunday (UTC), diving out of … Read more