Latest news
-
Intel appoints Seok-Hee Lee as EVP of foundry packaging
Intel has named Seok-Hee Lee, a former 10-year Intel veteran who later led SK hynix, as executive vice president of Intel Foundry to oversee advanced packaging and back-end manufacturing operations, effective June 18, 2026.
-
XRP falls 3.4% after breaking below $1.15 support level
XRP declined 3.4% to $1.1465 after sellers pushed the token through a key $1.15 support level, reinforcing a downtrend that has repeatedly stalled rallies near $1.25.
-
Bitcoin Trading Below $78K Mining Cost, Squeezing Operators
Bitcoin has spent five consecutive months trading below its estimated production cost of $78,000, forcing about 20% of miners into unprofitability and prompting publicly traded operators to sell over 32,000 bitcoin in the first quarter alone.
-
Goldman Sachs cuts gold target to $4,900 on steady Fed rates
Goldman Sachs lowered its year-end gold price target by $500 to $4,900 per ounce, reflecting expectations that the Federal Reserve will maintain current interest rates through 2026 rather than cut them.
-
Valar Atomics Ward 250 reactor achieves criticality, beats DOE by 3 months
Valar Atomics' Ward 250 microreactor reached criticality on March 31, 2026, becoming the first full-scale reactor to hit that benchmark under the US Department of Energy's accelerated pilot program, three months ahead of the DOE's July 4 deadline.
-
Bank of Japan raises rates to 1%, warns inflation may exceed 2% target
The Bank of Japan raised its policy rate to 1% on June 16, marking its fourth hike since March 2024. Deputy Governor Ryozo Himino warned on June 19 that inflation could exceed the BOJ's 2% target, citing rising energy costs and a weakening yen as primary drivers.
-
US launches Section 301 probe into Germany's pharmaceutical pricing
The US Trade Representative opened a formal Section 301 investigation into Germany's drug pricing practices on June 18, alleging that price controls force American companies and patients to subsidize global research. The action could set a precedent for similar trade challenges against other nations.
-
US pressures ASML over China's access to advanced chip-making tools
US Commerce Secretary Howard Lutnick raised concerns with ASML that China may be acquiring advanced chip-making equipment, prompting the Dutch manufacturer to reaffirm it has never shipped EUV systems to the country amid escalating US-China tech tensions.
-
Uber, Meta, Amazon impose caps on employee AI tool spending
Uber burned through its entire 2026 AI budget in four months and imposed a $1,500 monthly spending cap per employee on agentic coding tools. Meta, Amazon, Walmart, Microsoft, and AT&T have all signaled similar restrictions as per-employee AI costs climb into the thousands.
-
Ancelotti benches Endrick in Brazil's World Cup opener vs Morocco
Brazil manager Carlo Ancelotti kept 19-year-old Real Madrid forward Endrick on the bench during a 1-1 World Cup opener against Morocco, framing the decision as a deliberate developmental choice rather than a lack of confidence in the young talent.
-
Brent crude drops 9.5% as US lifts Iran blockade, tankers resume
Brent crude fell 9.5% over the week to $79.03/bbl Friday as the US lifted its blockade on Iran, allowing tanker traffic to resume through the Strait of Hormuz and easing geopolitical tensions that had supported higher oil prices.
-
State AGs Challenge CFTC Authority Over Prediction Markets
State attorneys general argue prediction markets function as gambling, not commodities, and should fall under state gambling laws rather than federal CFTC oversight. Minnesota sued by CFTC after banning prediction market operations.
-
FERC Orders Grid Operators to Accelerate AI Data Center Connections
FERC issued show cause orders to six regional grid operators on June 18, directing them to justify or reform interconnection tariffs for facilities exceeding 20 MW. The move aims to speed AI data center and manufacturing plant connections, historically a 5-10 year process.
-
Fox to acquire Roku for $22 billion in streaming mega-deal
Fox Corporation is acquiring Roku for approximately $22 billion, combining legacy media's ad sales operation with a connected-TV platform in over 100 million households worldwide. The deal is expected to close in the first half of 2027.
-
Apple iPhone 18 Pro faces $270 price hike amid chip shortage
Apple CEO Tim Cook confirmed that the iPhone 18 Pro will cost $1,299 when it launches in September, roughly $270 more than the iPhone 17 Pro, citing unsustainable memory chip costs driven by AI hyperscaler demand and a persistent global supply shortage.
-
Standard Nuclear files for US IPO as AI power demand surges
Standard Nuclear, a TRISO fuel specialist spun from Ultra Safe Nuclear's bankruptcy, is pursuing a US IPO after closing a $140 million Series A in January 2026. The company faces a patent dispute with competitor X-energy that could impact its manufacturing capabilities.
-
US-Iran agreement reopens Strait of Hormuz, raises Israeli and Gulf security concerns
The US and Iran signed a 14-point Memorandum of Understanding around June 17, 2026, extending a ceasefire by 60 days, reopening the Strait of Hormuz, and opening discussions on releasing $25 billion in frozen Iranian assets. Israel and Gulf states have expressed security concerns over the deal's regional implications.
-
Malta proposes legal framework for DAOs under MiCA regulation
Malta's financial regulator opened a public consultation on DeFi governance, proposing a new legal category for software-based organizations like DAOs. The framework seeks to separate governance rules from protocol rules and address the centralization features many DeFi projects retain.
-
Algorand Plans Quantum-Resistant Blockchain by End of 2027
The Algorand Foundation announced a roadmap to make its blockchain resistant to quantum-computing attacks by late 2027, with first upgrades rolling out in 2026 using Falcon post-quantum signatures and hybrid account support.
-
Ireland flags crypto risks in first government assessment since 2019
Ireland's government released its first digital-asset risk assessment since 2019, identifying money laundering, terrorism financing, sanctions evasion, and bribery as major threats. The country plans to implement industry standards by mid-2027.
-
Ethereum Foundation's Hsiao-Wei Wang steps down amid leadership exodus
Co-executive director Hsiao-Wei Wang has stepped down from the Ethereum Foundation, effective immediately. The departure marks the 19th exit from the foundation this year, intensifying questions about the network's governance and future direction.
-
Celsius CEO Mashinsky hit with CFTC ban in final regulatory resolution
Alexander Mashinsky, the imprisoned former chief executive of failed crypto lender Celsius, has been formally banned from seeking business with the U.S. Commodity Futures Trading Commission. A federal judge approved the ban on Thursday.
-
ZetaChain Launches Anuma Private Memory Layer for Cross-Platform AI
ZetaChain unveiled Anuma, a private memory layer that encrypts user data and lets it travel across ChatGPT, Claude, and Gemini. The product reached 100,000 users within 38 days of launch.
-
Rangers pursue record £12m deal for Bologna captain Lewis Ferguson
Rangers are accelerating talks to bring midfielder Lewis Ferguson back to Ibrox in a potential deal worth up to £12 million, which would shatter the club's transfer record. Ferguson, 26, currently captains Serie A side Bologna.