Latest news
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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.
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Crypto exploit losses plunge 90% in May to $68.3 million
Crypto platform exploit losses dropped to $68.3 million in May, a 90% decline from April's $650 million. May marks the third month of 2026 with losses under $100 million, though cross-chain bridges remain the most targeted infrastructure.
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Cardano Foundation Cancels 2026 Summit After Governance Vote Fails
The Cardano Foundation canceled its 2026 annual conference after governance voters rejected a revised proposal to spend $1.84 million on the event, falling short of the required 66.67% approval threshold.
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Security researcher recovers $2M from 2016 Ethereum ICO contract bug
A whitehat researcher named 0xflorent identified an integer-overflow flaw in the HongCoin token sale contract, enabling the recovery of 1,003.62 ETH stuck since 2016 for 48 original investors. It's his second major recovery in eight days.
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XRP drops to $1.32 as sellers overwhelm exchange outflows
XRP hit a 15-week low as heavy selling overwhelmed signs of investor accumulation, leaving the market caught between outflows and downward price pressure.
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Wintermute Extends Trading to Prediction Markets with Two-Sided Liquidity
Wintermute, which handles $3.5 trillion in annual trading volume, announced it is extending its institutional trading to prediction markets, posting continuous bid-ask spreads on leading venues without naming specific platforms.
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Bitcoin ETF Outflows Hit Record $2.97B as Wall Street Rallies on AI
U.S. spot bitcoin ETFs logged a record 10-session, $2.97 billion outflow streak through May 29, while oil's climb and stalled Iran talks weighed on crypto even as global equities hit new highs on AI enthusiasm.
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NY Lawsuit Claims Ownership of 3.8M Bitcoin Including Satoshi's Addresses
An anonymous plaintiff filed a lawsuit in New York Supreme Court claiming ownership of approximately 3.8 million Bitcoin, including wallets believed to belong to Satoshi Nakamoto, worth an estimated $293 billion. The case relies on New York's abandoned property laws dating to 1958.
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Nvidia Unveils Nemotron 3 Ultra at Computex 2026
Nvidia CEO Jensen Huang launched the Nemotron 3 Ultra AI model at Computex 2026 in Taipei on June 1, featuring 500-550 billion parameters and up to 5x higher throughput than previous versions. The keynote positioned Nvidia as a full-stack AI platform company rather than a chipmaker, with no mention of blockchain initiatives.
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Nvidia RTX Spark: First consumer PC chip ships this fall
Nvidia unveiled the RTX Spark, its first consumer PC chip for laptops and mini-PCs shipping this fall, putting the company in direct competition with Intel, AMD, Apple, and Qualcomm. The company claims it's the most efficient PC chip ever built but hasn't released benchmarks to support the claim.
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Nvidia and Microsoft partner on Arm-based N1X Windows PCs
Nvidia CEO Jensen Huang and Microsoft announced a three-year partnership centered on Nvidia's Arm-based N1X platform, marking the first Windows PCs powered by Nvidia chips as the primary processor and positioning the company as a direct competitor to Intel and AMD.
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US Dollar Steadies as Geopolitical Tensions Reshape Rate Expectations
The US dollar index held steady on June 1 after weekly losses, while Bitcoin traded between $70,000 and $73,000 amid Iran tensions, oil price swings, and shifting Federal Reserve rate expectations that have reversed market bets from cuts to potential hikes.
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Nvidia CEO Huang: AI tokens now profitable, signaling shift to inference-driven revenue
Jensen Huang declared during Nvidia's Q1 FY2027 earnings call that tokens—units of AI model output—are now profitable for companies, marking a fundamental shift where inference has become a revenue engine rather than just a cost of business.
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Intel Crescent Island GPU launches year-end with cost-effective AI inference design
Intel announced the Crescent Island GPU in October 2025, designed for cost-effective AI inference using cheaper LPDDR5X memory and air-cooled deployment. Customer sampling is targeted for the second half of 2026.
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White-hat hacker recovers $2M from 2016 Hong Coin ICO smart contract
A pseudonymous white-hat hacker known as 0xflorent helped recover $2 million worth of Ether locked in a failed 2016 ICO smart contract, enabling refunds to 48 investors after nearly a decade through exploitation of an integer overflow vulnerability.
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BOJ rate hike looms as yen intervention fails to sustain currency rally
Japan spent $73.6 billion on yen interventions in May but the currency remains under pressure ahead of a June 15-16 BOJ meeting where markets price in a 78-81.5% probability of a rate hike.
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Israel's Lebanon expansion dims Iran peace deal odds in prediction markets
Israel's military expansion in southern Lebanon has coincided with a sharp drop in prediction market odds for a permanent Israel-Iran peace deal by June 30, 2026, falling from 12% to 9.8% in 24 hours.
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US Commerce closes Nvidia chip export loophole to China
The US Department of Commerce published new guidance on May 31 requiring licenses for advanced AI chip shipments to Chinese-headquartered entities worldwide, closing a year-long loophole that allowed hundreds of thousands of chips to reach China through Southeast Asian subsidiaries.
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Vast raises $200M, becomes China's latest AI unicorn
Beijing-based Vast, which builds AI-powered 3D modeling tools, closed a $50 million Series A round led by Alibaba Group and Hengxu Capital, crossing the $1 billion valuation threshold just three years after its 2023 founding.
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Powell Warns Fed Credibility at Risk if President Can Fire Officials
Federal Reserve Chair Jerome Powell warned that allowing a sitting president to dismiss Fed officials over policy disagreements would collapse the institution's credibility and destabilize markets. Powell's comments come as President Trump has threatened to remove him, and as central bank independence faces renewed political pressure.
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Mainland China posts first Hong Kong stock net selloff in nearly 3 years
Mainland investors recorded a net sell-off of HK$3.55 billion in Hong Kong stocks in May 2026, the first monthly outflow since June 2023. A regulatory crackdown on offshore brokers Futu and Tiger threatens to sustain selling pressure over the next two years.
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Coinbase launches direct INR deposits for Indian customers, targeting $3B market
Coinbase announced Monday the launch of direct INR rails for Indian customers, enabling deposits and withdrawals via IMPS starting June 1, 2026. The move targets India's $3 billion crypto market, ranked first globally for adoption.
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Fed and BoE clash on stablecoin future at Dubrovnik conference
Federal Reserve governor Christopher Waller said dollar-backed stablecoins strengthen US monetary influence, while Bank of England policymaker Megan Greene predicted they'll fade within years. The remarks reflect diverging views on stablecoin adoption as US lawmakers debate digital asset regulation.
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Security researcher recovers $2M in locked ETH from nine-year-old HongCoin bug
A white-hat security researcher discovered and fixed an integer-overflow vulnerability in the HongCoin ICO smart contract, recovering approximately $2 million worth of ETH that had been trapped since the 2016 token sale failed to reach its funding goal.