Identifying Unmarked Iron
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Month: May 2025
Elon Musk leaves DOGE as job was ‘uphill battle’
Elon Musk confirmed that he’s quitting as the White House’s government cost-cutting czar after admitting it was an “uphill battle” trying to slash federal jobs and programs. Musk’s status as a Special Government Employee leading the Department of Government Efficiency (DOGE) meant that by law, he could only serve for a maximum of 130 days, … Read more
Metaplanet Issues New Bonds to Buy Bitcoin, Now 78% Toward 2025 Goal
Metaplanet is doubling down on Bitcoin with zero-interest bonds, adding to a string of debt-funded buys as it nears its 10,000 BTC goal.
Elon Musk Bids Adieu During Final Days as Special Government Employee at DOGE
Elon Musk has confirmed his exit from DOGE, closing a divisive chapter marked by cost-cutting claims and political backlash.
European crypto firm K33 raises $6.2M for Bitcoin buys
Norwegian crypto brokerage firm K33 plans to join the growing number of public companies buying up Bitcoin after raising 60 million Swedish krona ($6.2 million) to buy and hold the cryptocurrency. K33 said on May 28 that it secured financing through convertible loans and a new issue of shares and warrants, which “will be used … Read more
Crypto vulnerable if CFTC not given authority, says ex-chair Behnam
Former Commodity Futures Trading Commission Chair Rostin Behnam has said the crypto market will remain unregulated unless the agency he led is given greater authority. In a May 28 Bloomberg TV interview, Behnam sided with the crypto industry on its long-standing argument that cryptocurrencies are commodities. “If you look at existing law, the few largest … Read more
Hacking Pinball High Scores
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Crypto mining stocks plunge as Fed warns of ‘difficult tradeoffs’
US crypto mining stocks tumbled at the close of May 28 trading after minutes published by the Federal Reserve signaled its growing uncertainty about the country’s economic outlook. The crypto market remained unscathed, despite the stock drops among crypto miners. Uncertainty about the economic outlook looms The minutes of the Federal Open Market Committee’s meeting … Read more
Searching for Autograms
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‘Crypto Mayor’ Eric Adams Calls for End to New York’s BitLicense
At Bitcoin 2025, Adams urged crypto users to return to New York City and fight restrictive policies.
New Jersey county to tokenize $240B property deeds
A New Jersey county is set to tokenize $240 billion worth of property deeds after signing a deal with the blockchain-backed land record management firm Balcony. Balcony said on May 28 that it signed a five-year deal with the Bergen County Clerk’s Office to tokenize 370,000 deeds on the Avalanche blockchain, adding that this was … Read more
Nvidia posts mixed Q1, predicts $8B hit with US chip curbs
Chip-making giant Nvidia has posted mixed results in its first quarter earnings, beating Wall Street expectations on revenue but missing predictions on its income amid US restrictions on its exports to China. In earnings released May 28 for its first quarter of the 2026 fiscal year ended April 27, Nvidia reported revenues of $44.1 billion, … Read more
Asia Morning Briefing: All Eyes on TON as Elon Musk Pours Cold Water on xAI Deal Talks
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Telegram’s blockbuster deal with xAI, which would see Elon Musk’s AI … Read more
Lightspeed backs Indian home services startup Snabbit as the next big consumer trend
Home services in India — whether it is cleaning, dishwashing, or laundry — have traditionally been offline and informally run. This has often resulted in delays and uncertainties for consumers, as well as inconsistent pay and job insecurity for workers. Recently, however, startups have begun viewing this area as ripe for transformation, leveraging technology to … Read more
US court freezes $57M USDC allegedly linked to LIBRA scandal
A US federal court has frozen around $57.65 million worth of the stablecoin USDC in a class action case over the controversial Libra memecoin. Onchain data shared with Cointelegraph by the class group’s lawyer, Max Burwick, shows nearly $57 million worth of USDC (USDC) was frozen on May 28 after a Manhattan court agreed to … Read more
Is Free Will an Illusion? Quantum Experiments Aim to Find Out
Scientists are exploring whether quantum mechanics can confirm the existence of free will, a concept deeply embedded in Western philosophy.
Solana chart hints at 180% rally to $300 if key technical trend holds
Key takeaways: Historical chart patterns and the Fibonacci Retracement metric hint at a Solana price rally to $300. Solana’s $7.5 billion in futures open interest and negative funding rates could be a sign that a powerful short squeeze is in the making. Solana (SOL) price tested the $180 resistance level on May 11, but it … Read more
Shots Fired: The AI Browser Wars Have Begun
New AI-first browsers promise to revolutionize how we surf the Chrome-dominated web. Here’s why the insurgents might actually have a shot this time.
Pakistan to Establish a Bitcoin Strategic Reserve, Allocate 2000 Megawatts of Energy for Crypto Mining
LAS VEGAS, Nevada — The government of Pakistan has plans to establish a strategic bitcoin BTC reserve and support bitcoin mining, the country’s Minister of State for Blockchain and Crypto Bilal Bin Saqib announced at Bitcoin 2025 in Las Vegas on Wednesday. Bin Saqib said that Pakistan’s plans for a strategic bitcoin reserve were inspired by … Read more