Florida Candidate Liquidates $800K in Bitcoin to Bankroll Congressional Bid
A Republican candidate jockeying to represent Florida’s 22nd Congressional District liquidated Bitcoin to help fuel his political bid.
Crypto
Wall Street’s trillion-dollar dilemma: Why AI-powered hackers are keeping big banks off the blockchain
CertiK CEO and co-founder Ronghui Gu says April was the worst month for DeFi in four years with exploits on 27 out of 30 days.
SEC charges Texas man with $12.3M crypto fraud using fake AI trading bots
The SEC charged Texas man Nathan Fuller with raising $12.3 million from 150 investors through a crypto fraud scheme built around fake AI trading bots.
What Is an AI Prompt Injection Attack? The Hidden Threat Hijacking Your Chatbots
Hackers can hijack ChatGPT, Claude, and Gemini with nothing but a sentence. OpenAI says the problem may never be fully solved. Here is what it is, how it works, and how to stay safe.
When the market is bad, we build: Inside Binance’s bold 2030 master plan
Established crypto firms will merge with traditional finance, but neither Wall Street bankers nor corporate giants will take over the crypto industry, said Binance’s Head of VIP and Institutional, Catherine Chen.
Hyperliquid could become a ‘financial services juggernaut’ as DeFi expands, says Grayscale
The digital asset manager says Hyperliquid is emerging as a blockchain-based financial infrastructure platform with the potential to expand beyond crypto trading and challenge parts of traditional derivatives and exchange markets.
Ripple said to lead $1 billion XRP treasury raise: Report
The planned vehicle would be the largest XRP-focused digital asset treasury yet, even as investor appetite for token accumulation stocks has weakened after the recent crypto selloff.
Spot Bitcoin ETFs see record 10-day outflow streak, analyst calls it ‘contrarian indicator’
Spot Bitcoin ETFs logged a record 10-day outflow streak totaling nearly $3 billion, while Ether ETFs bled for 14 consecutive sessions.
Bitcoin treasury space still has fair share of ‘carnival barkers’: BSTR founder
BSTR co-founder Sean Bill says many Bitcoin treasury companies lack the “ability to actually deploy Bitcoin.”
US has seized nearly $1 billion in Iranian crypto, Treasury secretary says
US Treasury Secretary Scott Bessent said the US has seized roughly $1 billion in Iranian crypto assets, double the figure disclosed in late April.
Bitcoin, ether, XRP, dogecoin lag a nine-week stocks rally as ETF demand cools
The S&P 500 posted its longest weekly winning streak since 2023 and Brent oil stabilized near $92 on US-Iran ceasefire hopes. The biggest cryptocurrencies still drifted lower, with Hyperliquid’s HYPE the only major name to rally.
Bitcoin’s biggest quantum risk may not be wallet keys. An early investor fears something bigger
Andrew Gault, the venture capitalist who funded the quantum hardware labs now threatening bitcoin, says the industry is looking in the wrong place. Google’s own security team moved in the same direction in March.
Bitcoin retail sentiment still matters, says Swan Bitcoin CEO
Swan Bitcoin CEO Cory Klippsten said it is important to pay attention to retail sentiment around Bitcoin, as ownership is still far from concentrated and “it’s not like Blackrock owns the Bitcoin.”
Bitcoin dip buyers place $500M in bids as $70K retest looms
Over $500 million in Bitcoin bids now sit near $70,000, while options traders and futures positions converge around the same level.
‘Extraordinarily unusual’ for CFTC to reverse Gemini settlement deal: Ex-chair
As the CFTC and Gemini work together to seek a court’s reversal of a 2025 settlement, one of the agency’s former chairs said the public “deserves a better explanation.”
‘He’s Full of Shit’: JP Morgan’s Jamie Dimon Takes Aim at Coinbase CEO Over Clarity Act
Dimon vowed to fight the passage of the crypto market structure bill until the bitter end.
CFTC backs crypto perpetual contracts, issues advisory on 24/7 trading
The CFTC issued notices affecting platforms seeking to offer cryptocurrency perpetual futures contracts, including a no-action position for Coinbase and approval for Kalshi.
Treasury Secretary Bessent Says US Has ‘Grabbed’ $1 Billion in Crypto From Iran
Treasury Secretary Scott Bessent said the U.S. has “outright grabbed” roughly $1 billion worth of cryptocurrencies from Iran via seizures.
Celsius Founder Alex Mashinsky Files to Have 12-Year Crypto Fraud Sentence Vacated
Celsius founder and former CEO Alex Mashinsky hopes to have his prison sentence vacated, claiming a legal conflict tied to Sam Bankman-Fried.
‘The banks will not accept it’: Dimon escalates battle over stablecoin rewards in CLARITY Act debate
JPMorgan CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned the current CLARITY Act framework could ultimately fail, as banks and crypto firms clash over whether stablecoin issuers should be allowed to offer yield-bearing rewards that resemble bank deposits.
Coinbase Becomes First US Exchange Allowed to Offer Global Crypto Perps Trading
Coinbase can offer U.S. customers access to offshore crypto perpetual futures, a risky form of leveraged crypto trading, the CFTC said Friday.
Lenovo Stock Doubles in May on AI Server Boom—Best Month in 27 Years
The world’s biggest PC maker surged 109% in May after AI revenue hit 38% of quarterly sales. Goldman Sachs more than doubled its target.
Sui network temporarily stalls again after Thursday’s outage
The outage was caused by the same network update software bug that disrupted the protocol on Thursday, which resulted in nearly six hours of downtime.
You Can Now Read the US Constitution via the Bitcoin Blockchain
One of America’s most important historical documents will forever be inscribed on a Bitcoin block, thanks to someone’s $83 transaction fee.
NYSE Parent Isn’t ‘Freaked Out’ by Hyperliquid—It’s Learning From the Crypto Perps Giant
Intercontinental Exchange CEO Jeffrey Sprecher said his company and Hyperliquid are learning from each other as crypto perps gain ground.
Coinbase brings global crypto derivatives markets to US institutional clients
The exchange’s integration with Deribit gives eligible US institutional investors access to global crypto options and perpetual futures markets.
AI Models Can’t Agree on Basic Facts Most of the Time, Study Shows
A new study gave five frontier AI models 1,000 real-world claims to fact-check. They disagreed on 67% of them.
Bitcoin plums new six-week lows as analyst eyes BTC price dip ‘end’ at $72K
Bitcoin saw its lowest levels since the middle of April as BTC price action continued ot diverge from thriving US stock markets.
Ex-Celsius CEO files motion to vacate sentence after lawyers withdraw
Former CEO Alex Mashinsky filed documents seeking to vacate his 12-year sentence, which included claims involving FTX and a “hostile takeover” by a former Celsius executive, who was sentenced to time served.
U.S. regulator says 24/7 trading is great for crypto, may not be fit for other sectors
As the CFTC issued landmark approvals for crypto perpetual futures contracts, it explained in a related advisory that round-the-clock activity isn’t right for all.