24/7 Blockchain industry dynamics and breaking crypto news
Fed Governor Barr criticizes proposals to shrink the central bank's balance sheet by easing bank liquidity rules. He argues such moves could weaken banks, disrupt money markets, increase systemic risk, and paradoxically deepen the Fed's market involvement. He emphasizes policy effectiveness over balance sheet size as the true metric of influence.
Read MoreCrypto exchange Gemini reported Q1 revenue of $50.3 million, a 42% year-over-year increase, driving a significant after-hours stock surge. Growth was led by a near 300% jump in credit card revenue. The company unveiled its prediction market data and outlined a shift towards becoming a broader "market company."
Read MoreCoinbase has launched BTC-INR trading, enabling Indian users to buy Bitcoin directly with rupees. The feature debuts on Coinbase Exchange, with plans to expand to other platforms, marking a key step in serving India's growing crypto community.
Read MoreCryptocurrency data firm Dune is cutting 25% of its workforce, citing efficiency gains from its AI assistant Dune MCP, which allows teams to build data workflows without technical expertise, signaling a shift toward AI-driven industry tools.
Read MoreEthereum has broken through the $2,300 resistance level, currently trading at $2,300.02 with a daily gain nearing 2%. Heightened market volatility underscores the need for cautious risk management.
Read MoreFederal Reserve official John Williams stated that the economic impact of earlier tariffs has largely been absorbed. He sees no significant secondary inflation effects and emphasized stable long-term inflation expectations, downplaying concerns over recent fluctuations.
Read MoreAave has announced a major update to its bug bounty program, aiming to better align rewards with specific risk profiles across its ecosystem and streamline review processes. Key changes include establishing independent bounty programs for core modules like Aave V3 and quintupling the maximum reward for critical vulnerabilities in Aave V4 and Core Aave V3.
Read MoreThe US House narrowly defeated a war powers resolution on Iran with a 212-212 tie vote. This marks the third such vote this year, with the margin shrinking each time, highlighting intense partisan debate over presidential military authority.
Read MoreOn May 15, Indian Prime Minister Modi met with Iranian Foreign Minister Araghchi in New Delhi. They held in-depth discussions on the ongoing war situation and its impact on regional security. Modi emphasized the importance of stability, affirming India's readiness to support security efforts in the region.
Read MoreRecent financial disclosures reveal former President Trump conducted millions in securities trades involving tech giants like Nvidia and Apple. Details remain limited, showing broad value ranges rather than specific transactions.
Read MoreSpaceX could release its IPO prospectus as early as next week, with a roadshow starting June 8. Targeting a $1.25 trillion valuation and $70-75 billion in fundraising, it aims to become the largest IPO ever. The company is exploring unique distribution channels for the massive share sale.
Read MoreThe platform integrates AIGENSYN with flexible earning products, spot trading, instant swap, leveraged trading, and VIP lending services. Trading pairs and financial features will open sequentially, offering diversified asset management options.
Read MoreA two-year partnership between Apple and OpenAI has soured over unmet revenue expectations, sources reveal. OpenAI claims promised deep integration of ChatGPT failed, with users preferring its standalone app. The AI firm is now exploring legal options, including a potential breach notice, escalating tensions between the tech giants.
Read MoreOn May 15th, US stock markets surged, with the Nasdaq and S&P 500 hitting consecutive record highs, and the Dow Jones closing above 50,000 for the first time in three months. Nvidia extended its winning streak, reaching a $5.71 trillion market cap. AI chipmaker Cerebras Systems soared on its debut, and optical interconnect firm POET Technologies also saw significant gains.
Read MoreOn May 15th, spot silver prices experienced a sharp decline, falling over $4 with a drop exceeding 4.58%. This significant sell-off below $84 per ounce has sparked analysis regarding shifting market sentiment and the near-term outlook for precious metals.
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