Latest news
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Compass Point Reiterates Sell on Coinbase Amid Derivatives Competition
Compass Point analysts reiterated a bearish $140 price target for Coinbase, citing intensifying competition in perpetual futures from rivals like Kraken, Robinhood, and offshore platforms as a structural headwind to the exchange's pricing power and revenue growth.
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Crypto funds suffer second-largest 2026 outflows as Iran tensions mount
Digital asset investment products recorded their second-largest weekly outflow of 2026 by the end of May, with investors pulling $1.67 billion from crypto funds amid geopolitical tensions and declining bitcoin sentiment.
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OpenAI builds custom chips and software to reduce Nvidia dependency
OpenAI is developing internal software and custom silicon to run AI workloads across multiple hardware manufacturers, challenging Nvidia's dominance and potentially lowering the cost of consumer AI services by 2026.
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MicroStrategy sells bitcoin for first time since 2022 as corporate treasury trend narrows
MicroStrategy offloaded roughly $2.5 million worth of bitcoin on June 1, breaking its accumulation streak since December 2022. Despite the sale, the company remains a major buyer, having purchased over $2 billion worth of BTC through May. Other corporate treasuries show mixed signals as the once-booming digital asset strategy consolidates.
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Vitalik Buterin proposes options-based alternative to DeFi liquidations
Ethereum co-founder Vitalik Buterin published a research proposal suggesting options contracts could replace collateralized debt positions in DeFi, reducing sudden liquidations and oracle dependency.
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BitMine Buys $52M Ethereum as Strategy Sells Bitcoin
BitMine purchased 26,497 ETH worth $52 million as Ethereum dipped below $2,000 for the first time since March. The move came a week after BitMine's largest 2026 acquisition of 112,000 ETH, while Strategy sold Bitcoin for the first time since 2022.
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Sanders proposes 50% equity tax on OpenAI, Anthropic, xAI for sovereign wealth fund
Senator Bernie Sanders introduced the American A.I. Sovereign Wealth Fund Act, proposing a one-time 50% stock tax on major AI firms to establish a fund giving American citizens direct ownership stakes in AI technologies.
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Revolut launches India beta with 450,000-person waitlist, £500M commitment
Revolut has started onboarding beta users in India from a waitlist of roughly 450,000 people, backed by a £500 million five-year commitment and plans to house 40% of its global workforce in the country by end of 2026.
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MicroStrategy sells first Bitcoin since 2022; ECB warns on stablecoin dollar dominance
MicroStrategy sold 32 Bitcoin for $2.5 million, its first sale since 2022, to fund preferred stock distributions. Meanwhile, the ECB warned that stablecoins could entrench dollar dominance in tokenized finance.
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Bitcoin slides to two-month low as Strategy sells BTC, ETFs shed billions
Bitcoin dropped to $71,479 on Monday after Strategy sold 32 BTC to fund dividends, while Bitcoin ETFs shed nearly $3 billion over a 10-day streak and flipped negative for 2026.
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CFTC Approves Kalshi Bitcoin Perpetual; Hyperliquid Hits ATH
The CFTC approved Kalshi's BTCPERP contract on May 29, the first Bitcoin perpetual on a U.S.-regulated exchange. Hyperliquid jumped 30% over the weekend to $73.50, outperforming Bitcoin by 270% year-to-date, while the Clarity Act inches closer to a floor vote.
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Japan's ruling party backs legal framework for crypto ETFs and yen stablecoins
Japan's Liberal Democratic Party submitted a proposal to create a legal framework for crypto ETF trading and promote yen-based stablecoins, positioning the country to join major markets like the U.S. and Hong Kong.
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Strava restricts API access, introduces monthly fee ahead of IPO
Strava is charging developers for API access and tightening restrictions, moves that may hinder third-party innovation as the fitness platform prepares for a public offering.
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Revolut invests €1 billion in Paris HQ, targets 20M French users by 2030
Revolut announced a €1 billion investment in France over three years, establishing a Western Europe headquarters in Paris's Bourse district and pursuing a full French banking license to serve its 7 million existing customers and reach 20 million by 2030.
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Strategy Sold 32 Bitcoin for $2.5M in Late May, Filing Shows
Strategy disclosed its first bitcoin sale in an 8-K filing Monday, selling 32 coins between May 26 and May 31 at an average price of $77,135 per coin to fund preferred stock distributions.
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SK Hynix fire and HF leak evacuates 3,600 at Cheongju chip plant
A fire at SK Hynix's Cheongju facility triggered a hydrogen fluoride gas leak on June 1, forcing the evacuation of roughly 3,600 employees. Six to seven workers were hospitalized for eye irritation, but production remained uninterrupted and no lasting health effects were reported.
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Coinbase Launches Direct Indian Rupee Rails After Regulatory Clearance
Coinbase has returned to India with direct INR banking infrastructure, allowing traders to deposit and withdraw rupees without intermediary conversions. The move marks a reversal from the exchange's 2022 exit following informal RBI pressure.
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MicroStrategy Holds STRC Dividend at 11.5% for Fourth Month
MicroStrategy maintained its perpetual preferred stock STRC at an 11.5% dividend rate for the fourth straight month, keeping shares near the $100 par value that supports the company's bitcoin acquisition strategy through its at-the-market program.
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Bitcoin and ether fall as spot ETF outflows hit record $2.97B
Bitcoin fell to $72,700 and ether lost 1% on June 1 as major cryptocurrencies extended losses into a new month. A record 10 days of net withdrawals from spot bitcoin ETFs drained $2.97 billion, while U.S. equity futures rose.
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Cadence ChipStack AI Super Agent cuts chip verification from weeks to hours
Cadence Design Systems launched an autonomous AI agent on June 1 that reduces RTL validation cycles by 40x, compressing a standard five-week verification process to under a day. Built on Nvidia's Nemotron models, the technology reshapes semiconductor design workflows.
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Bitcoin falls below $73,000 as Iran tensions weigh on crypto
Bitcoin dropped below $73,000 following strikes on Iranian targets, adding geopolitical risk to crypto volatility. President Trump said Iran wants a deal, but a proposed 60-day ceasefire remains unsigned as traders watch key support levels.
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Wise faces Belgian money laundering probe over fraud and drug trafficking
Belgian prosecutors opened a criminal investigation into Wise's accounts over possible money laundering tied to fraud, drug trafficking, and corruption, sending the fintech company's shares sharply lower and raising questions about its compliance remediation efforts.
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Nvidia Vera Rubin platform unveiled at GTC Taipei, targets $1 trillion orders by 2027
Jensen Huang announced Nvidia's Vera Rubin platform on June 1 at GTC Taipei, claiming up to 10x lower inference costs than Blackwell and targeting $1 trillion in combined orders for both architectures by 2027. Production ships autumn 2026.
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NYDIG: $1.26B IBIT block trade signals whale exiting Bitcoin position
Greg Cipolaro of NYDIG says a $1.26 billion block trade in BlackRock's IBIT last week shows a large holder exited a concentrated position, accepting a $1.01 discount to market price to execute immediately.