TLDR: Japan lifted Rapidus backing to $16.3B as its 2nm AI chip production deadline remains fixed for 2027. New funds support Fujitsu-linked design work and strengthen Japan’s domestic AI semiconductor stack. Hokkaido foundry progress cleared ministry review, unlocking another ¥631.5B in state support. The Rapidus plan ties AI compute growth to supply chain security and […]
CFTC Wins Arizona TRO as Prediction Markets Criminal Case Pauses
TLDR: Arizona must pause criminal charges against CFTC-regulated prediction markets after the federal TRO order. The CFTC says federal law grants exclusive authority over event contracts and market enforcement. Connecticut and Illinois now face similar federal lawsuits over state prediction market restrictions. The ruling strengthens legal momentum for federally supervised crypto-linked trading platforms. A federal […]
David Bailey’s Nakamoto Eyes Reverse Stock Split to Avoid Nasdaq Delisting
Bitcoin treasury firm Nakamoto is seeking shareholder approval for a reverse stock split to meet Nasdaq listing requirements. The move follows a steep share price decline and mounting pressure on its business model. Key Takeaways Nakamoto stock currently trades at $0.21, as the company seeks a reverse stock split before June 8 to meet the […]
All about Zcash’s latest price breakout and the odds of ZEC hitting $400
There may be some confirmation of ZEC’s higher timeframe bullishness.
Bitwise Moves Closer to Hyperliquid ETF Launch with New Filing Details
Bitwise updates Hyperliquid ETF filing with BHYP ticker and 67 bps fee, signaling a possible launch soon amid rising HYPE demand. Bitwise has moved closer to launching its Hyperliquid ETF after releasing a fresh filing update. The company made a second amendment with significant product information. It is important to note that the filing validates […]
Bittensor (TAO) Crashes 20% Following Covenant AI’s Exit, ‘Decentralization Theater’ Claims
Subnet developer Covenant AI announced its exit from Bittensor due to decentralization concerns and alleged punitive actions by the AI-focused network ecosystem co-founder, Jacob Steeves. Covenant AI Slams Bittensor’s Decentralization On Friday, Covenant AI’s founder, Sam Dare, released a statement announcing the subnet developer’s departure from decentralized artificial intelligence network Bittensor, citing governance disputes and […]
OpenAI CEO, Sam Altman’s Home Targeted in Violent Molotov Incident
A suspected arson attack has targeted the residence of a prominent tech executive, Sam Altman. The security authorities say the suspect is a 20-year-old man allegedly threw an incendiary device at the home of Sam Altman, causing a small fire at the property’s exterior. The suspect has so far been apprehended after he reportedly made […]
EngageLab Flaw Opened 30M Wallet Apps to Android Data Theft: Microsoft
TLDR: Microsoft found the EngageLab SDK bug could expose private wallet data across 30M Android installs globally. The flaw abused Android intents to grant hostile apps persistent read and write provider permissions. EngageLab fixed the issue in v5.2.1 by changing MTCommonActivity to non-exported status. Google Play removed affected wallet apps, while Android added safeguards for […]
Chainlink Unlocks S&P Stablecoin Ratings Onchain
Chainlink brings S&P Global stablecoin ratings onchain via DataLink; reports surface of possible LINK user rewards, unconfirmed. Chainlink has expanded its data services by bringing S&P Global Ratings’ Stablecoin Stability Assessments onchain. The move connects traditional financial data with blockchain networks through Chainlink DataLink. Chainlink Integrates S&P Stablecoin Ratings Chainlink announced that S&P Global Ratings’ […]
Stablecoin Flows Emerge as Leading Signal for L1 Market Performance: Research
TLDR: Artemis stablecoin factor posted 83.6% annualized returns with minimal dependence on Bitcoin direction. The strategy gained 6.8% monthly across BTC down months, showing resilience during crypto market weakness. Mid-cap chains including Polygon and Sei generated 84% of total stablecoin factor returns over five years. Stablecoin flows remained Artemis’ least-correlated alpha factor with only 6.1% […]