21shares trims 2026 crypto forecasts despite institutional adoption gains
21Shares reduced its 2026 cryptocurrency price forecasts despite growing institutional adoption through ETFs and other investment vehicles. The asset manager cited a disconnect between crypto valuations and the underlying technology's advancement.
General Intuition’s $2.3B bet that video games can train AI agents for the real world
General Intuition raised $320 million to train AI agents using millions of hours of video game footage, betting that gaming environments can develop human-like thinking capabilities. The startup believes action-based learning in games transfers to real-world problem-solving better than traditional training methods.
Databricks’ former AI chief thinks he can cut AI’s power bill by 1,000x
Un-0, an image-generation tool, claims to reduce AI energy consumption by 1,000 times while matching traditional system performance. The technology was launched by Databricks' former AI chief.
Luxury spending now driven by experiences and 'inheritourism'
Luxury experience spending is projected to grow 3 to 7 percent annually, outpacing physical goods sales growth of 1 to 4 percent. A trend called inheritourism, where wealthy individuals travel to visit properties or locations tied to family heritage, is emerging as a driver of this experiential luxury market.
Kraken, Maple launch onchain warehouse facility for crypto-backed institutional loans
Kraken and Maple Finance launched an onchain warehouse facility that allows institutions to borrow against crypto assets using traditional finance lending structures. The facility enables Kraken to extend lending services to larger institutional clients through blockchain infrastructure.
Hacked Klue says criminals are deleting stolen customer data, but now other hackers are making threats
A second criminal group is demanding ransom from market research firm Klue after the original hackers who stole customer data began deleting it. The competing criminals are threatening to release the information unless paid, while the initial breach left customers' personal details compromised.
Samsung’s new budget phone costs $50 more despite downgrades
Samsung's new budget phone costs $50 more than its predecessor despite including fewer features and lower specifications. The phone's price increased while the company reduced key technical components in the device.
EverQuest Legends is a powerful nostalgia machine
EverQuest Legends is a mobile game that recreates the classic MMO experience for players on smartphones. The game features the dungeon-crawling gameplay and character progression systems that defined the original EverQuest.
Bungie hit with ‘significant’ layoffs after ending Destiny 2
Bungie laid off a significant portion of its workforce following the decision to end development on Destiny 2. The studio cited financial pressures and restructuring needs as the primary reasons for the cuts.
How the World Cup became a US streaming success story
US streaming platforms recorded record viewership for World Cup matches by making games easily accessible online. The strategy successfully attracted younger audiences and established soccer as a mainstream sport in America through digital distribution.
Slate’s electric truck: all the news about the ultra-minimal EV
An electric truck with stripped-down design and minimal features costs significantly less than conventional EVs. The ultra-minimal approach removes non-essential components to prioritize basic utility and affordability over advanced technology.
Oppo’s Bubble selfie screen is crying out for Qi2
Oppo's selfie camera hides beneath a bubble-shaped screen that pops up when activated. The device lacks Qi2 wireless charging compatibility, though the design would benefit from this technology.
BYOK is my new go-to distraction-free writing tool
BYOK is a distraction-free writing tool that removes visual clutter to help users maintain focus while composing text. The tool appeals to writers seeking simpler alternatives to conventional word processors with fewer interface elements.
PCE Inflation Shakes Markets: Nasdaq Rally Collapses, Bitcoin Falls to New 2026 Low
Bitcoin declined to $58,000 after May PCE inflation data diminished expectations for Federal Reserve rate cuts, causing $1.26 billion in liquidations across crypto markets. The price drop marked a new low for 2026.
South Korean authorities fine Bithumb $136K over sharing user information overseas
Bithumb was fined $136,000 for illegally transferring customer data to foreign exchanges without proper safeguards. South Korean authorities determined the company violated data protection laws by sharing user information overseas.
BlackBerry is making a massive comeback as an 'uncrashable' software layer for AI and robotics
BlackBerry is developing software designed to prevent crashes in AI and robotics systems. The company reported stronger-than-expected earnings results, prompting investor interest in its pivot toward automation industry applications.
Magic Internet Money Falls 50% Below Peg as Abracadabra Declares Emergency
MIM stablecoin fell 50% below its $1 peg, causing Abracadabra.money to halt Curve bribes and suspend direct incentives. The protocol raised interest rates across all Cauldrons lending mechanisms in response.
Parker Conrad knows which employees are worth their AI spend and says Rippling can help you, too
Rippling is releasing software to track employee AI tool spending and productivity impact, with some workers spending up to $30,000 annually on subscriptions like Claude. The platform helps businesses identify which AI tools actually improve worker output and eliminate wasteful spending.
Spark, Uniswap, and Sky Launch $150M Liquidity Migration to Build Shared Stablecoin FX Layer
Spark, Uniswap, and Sky are migrating $150 million in USDS liquidity to Uniswap v4 pools to create infrastructure for multiple stablecoin issuers. The initiative uses Uniswap v4's pooling architecture to enable trading between different stablecoins within a unified foreign exchange layer.
Strategy has a 10-month cash runway for dividends, but retail investors are losing faith
STRC's cash reserves will sustain dividend payments for only 10 months before the fund must cut distributions. The fund, marketed as a stable $100 investment, has experienced significant price declines that eroded retail investor confidence.
Bitcoin drops to $58K on high US PCE inflation as trader sees 'manipulation'
Bitcoin dropped to $58,000 following US inflation reaching three-year highs, which triggered approximately 600 million dollars in hourly cryptocurrency liquidations. Some traders attribute the decline to market manipulation rather than economic fundamentals alone.
Oil price falls back to pre-Iran war levels
Oil prices have returned to pre-conflict levels as shipping traffic through the Strait of Hormuz gradually resumes normal operations. The easing of supply concerns through restored maritime activity is reducing pressure on global crude markets.
Quant fund says bitcoin is near a major inflection point as rare onchain signals align
Four onchain technical indicators that rarely align simultaneously are currently converging, suggesting Bitcoin is approaching a significant price inflection point. These rare signal combinations have historically preceded major directional shifts in Bitcoin's price movement.
FOSS dev builds a BASIC compiler using LLVM
A developer created a compiler for OS-9's BASIC09 language using LLVM as the backend. The compiler translates BASIC09 source code into machine-executable programs through the LLVM intermediate representation layer.
Vodacom-owned company sued in the United States for fraud and breach of contract
A Vodacom subsidiary faces fraud and breach of contract charges in Texas federal court over unpaid executive compensation. Two headhunted executives are suing the company in the Eastern District of Texas for allegedly breaking pay agreements.
Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges
Bitcoin fell to $58,000, marking a multi-year low. An oversized number of traders holding short positions creates conditions for a potential squeeze-driven price rebound.
Why Wall Street values some crypto firms for AI power, not just crypto
Crypto companies are being valued for AI infrastructure capabilities rather than cryptocurrency holdings. Galaxy Digital's recent stock gains reflect Wall Street's assessment of tech infrastructure potential in the sector.
Recovery has to keep up with AI
AI workloads require recovery architectures that differ significantly from traditional systems because of their computational intensity and data requirements. Organizations must design backup and disaster recovery solutions that account for large model files, training datasets, and the infrastructure needed to restore AI systems quickly.
Netris raises $15M Series A from a16z to help AI neoclouds go live faster
Netris raised $15 million in Series A funding from Andreessen Horowitz to accelerate network deployment for AI cloud operators. The company's software runs directly on network switches to streamline infrastructure setup for emerging cloud providers.
Trump admin bars Polestar from selling its new EVs in the US
The Trump administration refused a trade exemption that blocks Chinese-owned Polestar from selling its electric vehicles in the United States. The Swedish-branded carmaker's US market operations are now prohibited under the exemption denial.