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.
AAPL Stock Drops 6% After Apple Passes AI-Driven Chip Costs to Consumers
Apple increased prices for Mac and iPad products due to rising costs from an AI memory shortage. The company's stock declined 6 percent following the price increases.
Apple raises Mac and iPad prices, spares iPhone for now
Apple increased MacBook Air and Pro prices along with iPad Air and Pro models while maintaining iPhone pricing. The company cited rising manufacturing costs as the reason for the selective price adjustments across its product lines.
Bitcoin likely to fall another 30% to $44,000 by year-end, prominent BTC miner says
Bitcoin could decline 30% to $44,000 by year-end according to a veteran miner citing a technical indicator that historically precedes market bottoms by six months. The valuation metric has fallen to levels previously observed before past price recoveries.
What’s Next — Harambee CTO Kuben Nair on the role of AI in the workplace
AI will reshape workplace roles and capabilities, according to Harambee's new research conducted with Bridgespan Group examining both opportunities and risks of business AI adoption. Companies must prepare workers now to remain competitive as AI tools become standard in professional environments.
Windows 11 can now turn back the clock when updates go bad
Windows 11 now offers a 72-hour point-in-time restore feature that lets users revert their system to a previous state after problematic updates. The system automatically preserves the pre-update state for three days before removing the backup to free disk space.
Apple ratchets up prices, blames the cost of memory
Mac prices have increased by hundreds of dollars across several models due to rising memory chip costs. Some configurations now exceed their previous pricing by margins ranging from $200 to $600 depending on the specific model and memory configuration.
Bitcoin Plummets Lower as Strategy's STRC Dives Further From $100 Mark
Bitcoin fell to approximately $58,000 as Strategy's STRC preferred shares reached record lows. The decline indicates that investor concerns about technology stocks connected to digital assets are affecting the broader cryptocurrency market.
Apple takes over Swift Package Index, vows to remove GitHub dependency
Apple is taking control of the Swift Package Index and will host it independently on Apple servers rather than relying on GitHub infrastructure. The company hired co-creator Dave Verwer to lead the transition away from GitHub's dependency.
Strange shift in iPhone contract prices in South Africa
iPhone contract prices in South Africa have increased faster than cash prices over the past decade, reversing the typical relationship where contracts are cheaper. Contract purchases now cost significantly more than upfront payments, with the pricing gap widening substantially since the early 2010s.
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Early bird pricing for TechCrunch Founder Summit 2026 expires in two days, offering up to $190 in savings. The event attracts over 1,000 founders and investors and registration closes June 26 at 11:59 p.m. PT.
Trump admin proposes axing brake-pedal requirement for AVs in a boost for Tesla
The Trump administration proposed eliminating the mandatory brake pedal requirement for fully autonomous vehicles in a change affecting vehicles designed to operate without human control. The Department of Transportation made this proposal to potentially support Tesla's driverless vehicle development plans.
Kraken sues crypto derivatives firm PowerTrade over 'misappropriated' funds claim
Kraken is suing PowerTrade for allegedly converting a $6 million credit into a $2 million debt through unauthorized account corrections on settled trades. PowerTrade reportedly made these changes without authorization to old trading positions that had previously been finalized.
New effort will get genome sequences for entire Endangered Species list
Colossal Biosciences will generate complete genome sequences for all species on the U.S. Endangered Species List while collecting and preserving tissue samples from each organism. The biobanking initiative will create a comprehensive genetic database alongside physical specimens for future research and conservation efforts.
Amazon pours another $13B into India's AI and cloud infrastructure
Amazon is investing an additional $13 billion into India's AI and cloud infrastructure, including datacenter expansions in Mumbai and Hyderabad. This brings the company's total five-year commitment for India operations to $48 billion.