Latest news
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Nvidia CEO Jensen Huang Joins Tsinghua University Advisory Board
Jensen Huang has joined the advisory board of Tsinghua University's School of Economics and Management in Beijing, positioning Nvidia closer to one of China's premier engineering schools amid escalating US export controls on advanced AI chips.
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IRGC Navy halts US oil tanker in Strait of Hormuz
The IRGC Navy has reportedly halted a US oil tanker in the Strait of Hormuz following warning shots, intensifying geopolitical tensions. Prediction markets on shipping disruptions have moved sharply, though longer-term stability expectations remain elevated.
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Bank of Korea holds rate at 2.5% as inflation edges above target
South Korea's central bank kept its benchmark interest rate unchanged at 2.5% on May 28, extending a seven-meeting pause despite headline inflation rising to 2.2% in March. Economists anticipate at least one rate hike before year-end, which could pressure bonds and shift retail capital away from crypto assets.
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Bitcoin falls below $75,000, triggering $150M in liquidations
Bitcoin dropped below $75,000 on a sharp intraday move, sparking the liquidation of over $150 million in long positions and causing significant repricing across prediction markets.
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US strikes Iran: Bitcoin plunges below $80K amid geopolitical tensions
US military strikes on Iranian targets in early May triggered a sharp selloff in cryptocurrency markets, with Bitcoin dropping below $80,000 and roughly $300 million in crypto futures liquidated as traders fled risk amid escalating Middle East tensions.
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Trump: No Iran Sanctions Relief Until Behavioral Change
President Trump declared at a Cabinet meeting that the US will maintain sanctions on Iran and freeze its assets until Tehran changes course. The US has already confiscated roughly $500 million in Iranian-linked digital assets, representing 6.5% of Iran's estimated $7.7 billion crypto holdings.
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Beijing rules AI automation cannot justify mass layoffs, orders compensation
A Beijing arbitration authority ruled in December 2025 that companies cannot terminate employees solely because their roles were automated, ordering one employer to pay 791,815 yuan in damages. The decision signals China's approach to AI adoption prioritizes job preservation over efficiency gains.
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Bitcoin stalls below 200-day average as NEAR surges on AI momentum
Bitcoin's rebound from February lows has stalled below the 200-day moving average near $81,000–$82,000, with technical indicators signaling weakening momentum. Meanwhile, NEAR has decisively broken above key resistance on AI narrative tailwinds, while DOGE and XLM show mixed signals.
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Vitalik Buterin Builds Self-Sovereign AI Setup, Calls for Ethereum-Specific Models
Ethereum co-founder Vitalik Buterin published a detailed blog post on April 2, 2026, outlining his local large language model setup designed to run inference on hardware under his physical control, while advocating for Ethereum to develop fine-tuned AI models for transaction verification and smart contract auditing.
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Moonwell enables multichain governance for WELL token holders
Moonwell has rolled out multichain governance capabilities using the xERC20 token standard, allowing WELL holders to propose, vote, and execute decisions across Base, Optimism, Moonbeam, and Ethereum without fragmenting voting power.
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Trump pledges Strait of Hormuz open under Iran deal, Bitcoin rebounds
President Trump declared the Strait of Hormuz would stay open to all nations under any Iran agreement, easing geopolitical risk. Bitcoin rebounded on the de-escalation signal after earlier losses during conflict tensions.
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OpenAI bans political ads as ChatGPT begins ad testing in US
OpenAI launched ad testing on ChatGPT for free and Go-tier users in the US on February 9, 2026, while enforcing a ban on political ads during the election cycle to reduce misinformation and maintain platform integrity.
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SoFi's SOFID stablecoin hits $100M market cap on Ethereum in five months
SoFi's dollar-backed stablecoin SOFID crossed the $100 million market cap threshold on Ethereum, marking rapid adoption for the first stablecoin issued directly through a US national bank's retail app. The token launched in May 2026 and is backed by Federal Reserve deposits.
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Fantom Opera shuts down June 30 as Sonic Labs completes network migration
Sonic Labs will shut down Fantom Opera on June 30, 2026, marking the end of a year-long migration to its successor network Sonic. Stargate V1 liquidity providers hold between $486K and $576K on the legacy chain and must act before the deadline.
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Bitcoin falls below $75,000 as spot ETF outflows signal institutional selling
Bitcoin dropped below $75,000 on Wednesday amid persistent net outflows from spot BTC ETFs totaling $1.88 billion since May 15. Technical charts suggest a test of key support zones near $76,000–$74,289, with potential further decline to $70,500 if bulls fail to defend.
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Cash App Adds Stablecoin Support on Ethereum and Solana
Cash App has begun supporting stablecoin transactions on Ethereum and Solana networks, marking a shift from its Bitcoin-focused roots under founder Jack Dorsey, who has publicly criticized stablecoins.
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Fantom Opera Network Shutting Down June 30, 2026
Sonic Labs announced that Fantom Opera will shut down on June 30, 2026, at 17:00 GMT. Liquidity providers in Stargate V1 pools holding roughly $486K–$576K must withdraw before the deadline or face disruptions when the underlying network ceases operations.
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CFTC seeks federal framework for prediction markets under White House review
The CFTC is seeking to establish the first comprehensive federal framework for prediction markets, with the White House now reviewing the proposal. The move could reshape operations for platforms like Kalshi and Polymarket while settling a growing federal-state regulatory dispute.
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Blackstone, Guggenheim cut software CLO exposure over AI disruption risks
Blackstone and Guggenheim are trimming software exposure in new collateralized loan obligations as artificial intelligence threatens to reshape business models faster than traditional risk frameworks can adapt.
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Orca launches permissioned pools for regulated RWA trading on Solana
Orca has launched permissioned pools on Solana to enable compliant secondary trading of regulated assets. Streamex's gold-backed GLDY token is the first to trade through the infrastructure, available only to verified accredited investors.
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OpenAI Foundation commits $250M to AI economic transition and worker support
OpenAI Foundation announced a $250 million initiative on May 27 to measure AI's economic impact, support displaced workers, and develop new economic systems for an AI-driven future.
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OpenAI, Thrive Holdings launch 97% accurate self-improving tax AI
OpenAI and Thrive Holdings unveiled a self-improving tax AI system that drafts returns with up to 97% accuracy. A pilot through 30+ accounting firms processed 7,000 returns and cut preparation time by one-third while boosting throughput 50%.
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Robinhood Launches Agentic Trading for Autonomous AI Stock Execution
Robinhood launched Agentic Trading on May 27, a beta feature allowing users to deploy third-party AI agents in separate accounts for autonomous stock execution. Crypto support is planned for future expansion.
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H100 GPU rental rates retreat after May spike, Bloomberg Terminal index shows
H100 rental prices pulled back 3% to 9% after hitting an all-time high on May 25, according to Ornn's Compute Price Index, now accessible on Bloomberg Terminal. The index marks a shift toward financialization of the GPU rental market.