24/7 Blockchain industry dynamics and breaking crypto news
Microsoft is actively pursuing AI startup acquisitions and internal development to reduce reliance on OpenAI. The tech giant is in talks with several promising companies, facing competition from rivals like SpaceX, to build talent and accelerate its next-gen large language model ambitions.
Read MoreOn May 14th, U.S. markets showed mixed results, with the Nasdaq and S&P 500 soaring to fresh all-time highs, largely fueled by tech giants. Nvidia, Google, and Apple, among the world's most valuable companies, each set new record highs. Ford Motor also surged, posting its biggest gain since 2020.
Read MoreThe U.S. Senate narrowly confirmed Kevin Warsh as the next Federal Reserve Chair, succeeding Jerome Powell. The vote revealed a stark partisan divide, with only one Democratic senator crossing party lines.
Read MoreFinancial services giant Charles Schwab has rolled out its "Schwab Crypto" service, enabling eligible US retail clients to trade Bitcoin and Ethereum directly. Users can manage crypto assets through existing accounts with a 0.75% fee per trade.
Read MoreAn Iranian presidential official stated that current internet restrictions are temporary wartime security measures, not permanent. The government prioritizes national safety over online access during conflicts and denies plans for indefinite controls.
Read MoreA new Federal Reserve survey finds nearly 90% of Americans are worried about rising costs, while over 40% express job market anxieties. These economic pressures are set to dominate the upcoming midterm election debates.
Read MoreRecent 13F filings reveal Jane Street's significant portfolio shift in Q1 2026. The firm drastically reduced Bitcoin ETF holdings like IBIT and FBTC, while increasing investments in Ethereum ETFs and crypto stocks such as Riot Platforms and Coinbase, signaling a strategic pivot.
Read MoreA Federal Reserve official notes the economy faces multiple supply-side shocks, requiring close attention. Productivity gains extend beyond AI, while unemployment remains relatively low. Policymakers are monitoring these structural shifts.
Read MoreA top Federal Reserve official warns that patience with persistent inflation is running low. Restrictive policy may need to stay in place longer, with potential for further tightening if needed to return inflation to the 2% target, though rate cuts later this year remain possible.
Read MoreAI chipmaker Cerebras Systems reportedly declined acquisition interest from Arm and its major shareholder SoftBank just weeks before its highly anticipated IPO. The company is proceeding with an offering that could value it around $34 billion, potentially making it one of the year's largest public listings.
Read MoreMeta will introduce a new private chat feature for WhatsApp and Meta AI app in the coming months, focusing on enhanced user privacy and secure AI interactions. This move highlights Meta's commitment to advancing AI privacy technology, aiming to boost user trust and engagement with AI tools.
Read MoreJPMorgan reports a sharp rise in investor panic, with many clients turning bearish on stocks. Despite the gloom, traders advise staying calm and avoiding rash decisions during market volatility.
Read MoreMorgan Stanley has significantly raised its S&P 500 target to 8,300, betting that robust corporate earnings growth will fuel the ongoing bull market. Stronger-than-expected Q1 profits are the key driver behind this optimistic forecast.
Read MoreA legislative battle over the CLARITY Act intensifies as U.S. Senate Banking Committee members file over 100 amendments. Key industry groups warn certain provisions threaten DeFi's core principles and are mobilizing opposition.
Read MoreHardware wallet leader Ledger has shelved its IPO plans due to harsh market conditions. This move highlights the broader challenges facing the crypto sector, as the company opts to strengthen its core operations before pursuing a public listing.
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