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34 minutes ago

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$400 Million USDT Transferred from Bitfinex to Tether Treasury

A significant transfer of 400 million USDT, equivalent to approximately 399.8 million USD, has been executed from Bitfinex to the Tether Treasury. This transaction highlights ongoing large-scale movements within the stablecoin market, reflecting potential strategic adjustments by Tether. The transfer was reported on May 10, 2026, and underscores the active management of USDT reserves by Tether, a key player in the cryptocurrency ecosystem. Such movements are closely watched by market participants for insights into liquidity and market dynamics.

USDT +0.00%
34 minutes ago

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Corning's Stock Soars Amid AI-Driven Fiber Optic Demand Surge

Corning's stock price has surged to $195.81, marking a 316.81% increase over the past year, as demand for fiber optics in AI data centers skyrockets. The company's market capitalization has surpassed $160 billion, driven by a 75.9% year-over-year increase in fiber optic demand for AI infrastructure, according to CRU. This surge has widened the supply-demand gap from 6% to 15%, causing fiber optic prices to more than triple. NVIDIA's strategic investments in Corning, Lumentum, and Coherent, totaling $4.5 billion, underscore the critical role of fiber optics in AI infrastructure. Corning has committed to a tenfold expansion in production capacity, with plans for three new factories. The company's revenue from optical communications has more than doubled from $1.3 billion in 2023 to over $3 billion in 2025, with a 93% year-over-year increase in the first quarter of 2026. Long-term supply agreements with major tech firms like Meta and NVIDIA further solidify Corning's position in the market.
44 minutes ago

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Strategy Holds Over 4% of Bitcoin's Total Supply

Strategy has acquired more than 4% of Bitcoin's maximum supply of 21 million coins. This significant holding underscores the company's substantial investment in the leading cryptocurrency, reflecting its confidence in Bitcoin's long-term value proposition.

BTC +0.48%
58 minutes ago

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CME Group Plans June 1 Launch for Bitcoin Volatility Futures

CME Group has announced plans to launch Bitcoin Volatility Futures on June 1, 2026, subject to approval by the Commodity Futures Trading Commission (CFTC). The new futures contract will be based on the CME CF Bitcoin Volatility Index, with a contract size of $500 multiplied by the index, which tracks 30-day implied volatility using real-time data from CME Bitcoin and Micro Bitcoin options. This product aims to provide traders with the ability to take positions on Bitcoin volatility without direct exposure to Bitcoin's price movements, offering a novel risk management tool for institutional investors. The launch is pending regulatory review, marking a significant development in the cryptocurrency derivatives market.

BTC +0.48% MBC +0.00%
1 hour ago

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OpenAI CTO Murati's Role in Altman's Removal and Return Revealed

Mira Murati, former CTO of OpenAI, played a pivotal role in the removal of Sam Altman in November 2023, according to trial evidence in the Musk v. Altman case. Murati, now founder of Thinking Machines Lab, was instrumental in the coup against Altman, initially advocating for his dismissal and later supporting his return. The conflict traces back to a September 2022 document where Murati criticized Altman's management style and revenue-focused priorities. Murati provided OpenAI co-founder Ilya Sutskever with internal documents highlighting Altman's management issues, which contributed to the board's decision to dismiss him. Despite her role in the coup, Murati later sought external support for Altman's reinstatement, leading a petition signed by 750 employees. Her actions during the coup were described as self-serving, as she initially pushed for Altman's removal but later refused to publicly support the board's decision, ultimately advocating for his return.
1 hour ago

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Malaysian Police Under Investigation for Alleged USDT Robbery

Twelve Malaysian police officers are under investigation for allegedly robbing eight Chinese nationals of 50,000 USDT in February. The victims' lawyer criticized the police for delaying the investigation and warned of a complaint to the Malaysian Anti-Corruption Commission if internal protection is suspected. The officers reportedly entered the victims' residence under the guise of an anti-fraud operation and coerced them into transferring cryptocurrency without evidence of a crime. The police chief stated that the officers have been suspended and the case is being investigated as gang robbery, pending lengthy crypto forensic and technical reports.

USDT +0.00%
2 hours ago

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Leopold Aschenbrenner Predicts AGI by 2027 in Influential AI Investment Paper

Leopold Aschenbrenner, a Gen Z prodigy and former OpenAI researcher, has gained attention for his 165-page paper, "Situational Awareness: The Decade Ahead," which predicts the emergence of Artificial General Intelligence (AGI) by 2027. Aschenbrenner argues that advancements in computing power, algorithm efficiency, and unlocking AI capabilities will lead to AGI capable of performing tasks independently, akin to a remote employee. The paper outlines potential global impacts, including a rapid transition to superintelligence, which could drastically alter military balances and industrial capabilities. Aschenbrenner warns of urgent challenges, such as the need for massive computing infrastructure and enhanced security to prevent technological leaks to rival nations. He advocates for a U.S.-led "AGI Manhattan Project" to ensure national security and maintain a strategic lead in the superintelligence era.
2 hours ago

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Richard Sutton's Team Proposes Solution to Streaming Reinforcement Learning Challenges

A new paper by Richard Sutton and collaborators from the University of Alberta and Openmind Institute addresses the "streaming barrier" in reinforcement learning. The research, titled "Intentional Updates for Streaming Reinforcement Learning," suggests that the root cause of the barrier is not insufficient data but incorrectly chosen step size units. The team proposes a novel approach where the step size is determined by the desired change in function output, rather than parameter movement, enhancing stability in learning processes. The paper introduces the "Intentional Updates" method, which specifies the intended outcome of each update, allowing for more precise control over learning. This approach has shown promising results, achieving performance parity with state-of-the-art algorithms like SAC on continuous control tasks without relying on large batch replay buffers. The research highlights the potential of streaming reinforcement learning to offer a more adaptive and cost-effective learning paradigm, particularly for applications with limited computational resources.
2 hours ago

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Nate Geraci Anticipates Imminent Launch of Prediction Market ETFs

Nate Geraci, a prominent figure in the financial sector, has expressed expectations for the imminent launch of prediction market ETFs. This development could introduce a new avenue for investors to engage with prediction markets through exchange-traded funds, potentially broadening the scope and accessibility of these financial instruments.
2 hours ago

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Saudi Aramco Reports Increased Q1 2026 Profits Amid Iran Conflict

Saudi Aramco, the world's largest oil company, has announced higher profits for the first quarter of 2026, despite ongoing geopolitical tensions with Iran. The company attributed its financial performance to robust global demand for oil and effective cost management strategies. This comes as the region faces heightened instability, yet Aramco's operations have remained resilient, continuing to meet international energy needs.
2 hours ago

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Ethena (ENA) Faces Resistance at $0.136 Amid Bullish Momentum

Ethena (ENA) is testing the $0.136 resistance level again, following a recent bullish shift in market sentiment. The altcoin, which had previously reached this local high on April 17, has been unable to break through this resistance despite recent gains. A month ago, the market bias for ENA was bearish, but a break above $0.095 and $0.12 has shifted the 4-hour and 1-day timeframes to a bullish outlook. The recent price action has seen ENA establish an uptrend, with a significant structural break occurring when the price closed above $0.12. This was followed by a rally past the $0.12 level, although volume indicators such as the A/D and OBV suggest some caution. The 4-hour chart indicates a range formation between $0.10 and $0.13, with the mid-range level at $0.115 acting as support. Traders are advised to remain cautiously bullish, with a potential invalidation of the range breakout if the price closes below $0.128 on the 4-hour chart.

ENA -2.01%
2 hours ago

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South Korea's Tax Agency Trials Crypto Asset Custody with Private Firms

The South Korean National Tax Service has launched a pilot program to entrust seized virtual assets to private crypto custody firms for management. Announced on April 29, the bidding for this initiative closes on May 12, with the trial set to run until the end of the year. Major Korean custody firms such as KODA, KDAC, Hecto WalletOne, BDACS, and InfiniteBlock are preparing to participate. Despite the project's modest budget of approximately $5,800, industry experts view securing a reference from the National Tax Service as symbolically significant.
2 hours ago

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Korean Crypto Exchanges Double Workforce Amid Slowing Market Growth

Korean cryptocurrency exchanges Upbit and Bithumb have nearly doubled their workforce over four years, with employee numbers rising from 682 at the end of 2021 to 1,334 by the end of 2025. Despite this growth, the Korean crypto market is experiencing a slowdown. The number of verified users on Korean won-based exchanges increased from 5.58 million in 2021 to 11.13 million in 2025, but the growth rate of new users has significantly declined from 25% in the second half of 2024 to just 3% in the same period of 2025. The report suggests that the reduced influx of new users may be linked to weaker market performance and the limited scope of services offered by Korean exchanges, which remain primarily focused on spot trading.
2 hours ago

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South Korean Homebuyers Increasingly Use Crypto for Purchases

Data from South Korea's Ministry of Land, Infrastructure and Transport reveals that between February 10 and March 31, 324 homebuyers declared using proceeds from cryptocurrency sales in their housing purchase plans. Notably, individuals in their 30s accounted for 229 of these buyers, representing 70.7% of the total. This age group reported using 10.31 billion Korean won (approximately $7.4 million) from crypto sales, the highest among all age groups. However, crypto sales only constituted 0.1% of the total funds used by buyers in their 30s, indicating a limited scale of crypto usage in real estate transactions.
3 hours ago

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Tom Lee Predicts End of Bear Market if Bitcoin Surpasses $76,000 by May End

Tom Lee, Chairman of BitMine, stated at Consensus Miami 2026 that Bitcoin closing above $76,000 by the end of May would signal the end of the bear market. He highlighted that since the onset of the US-Iran conflict, cryptocurrencies have outperformed, with even minimal exposure to ETH offering significant asset appreciation and hedging benefits. Lee also identified "proxy AI and tokenization" as key drivers for the next bull market, suggesting tokenization could create a $300 trillion market. He emphasized that blockchain's cost-efficiency could lead to crypto firms achieving higher per capita profits than traditional finance, predicting that half of the world's major financial institutions will become digitally native.

BTC +0.48% ETH +0.45%
3 hours ago

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Meme Coins and Hook Tokens Surge Amid Market Rebound

Meme coins within the Solana ecosystem, TROLL and GIGA, have experienced significant gains as the cryptocurrency market recovers. TROLL surged by 81.2% in the past 24 hours, reaching a market cap of $83.9 million, while GIGA rose 49.8%, with a market cap of $37.13 million. Meanwhile, Ethereum's Hook mechanism tokens continue to attract attention. LOOP, a token that innovatively lends idle ETH from Uniswap V4 liquidity pools, saw its market cap quickly reach $3 million before settling at $2.55 million. SATO, another leading token, approached its all-time high, trading at $28.59 million after a 21.14% increase in 24 hours.

ETH +0.45% GIGA +47.64% LOOP -1.01% SATO +0.14% SOL -0.17%
3 hours ago

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Ethereum-Based USDT Sees Largest Exchange Outflow in Three Months

Tether (USDT) on the Ethereum blockchain experienced its largest net outflow from exchanges in nearly three months, with $1.29 billion withdrawn on Friday, according to Santiment. This significant movement suggests that institutional or large-scale investors are transferring funds to self-custody wallets, DeFi platforms, or OTC markets, potentially preparing for strategic investments. Historically, such outflows have preceded market corrections or buying opportunities. Santiment highlights the importance of monitoring subsequent market activity, as previous large outflows have led to notable market shifts. For instance, a similar event on February 9 saw Bitcoin undergo a minor correction, followed by a buying opportunity two weeks later. Observers are advised to watch for any re-entry of USDT into exchanges, which could indicate a forthcoming surge in crypto investments.

BTC +0.48% ETH +0.45% USDT +0.00%
3 hours ago

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TeraWulf Reports $427M Q1 Loss Amid Shift to AI Revenue

TeraWulf reported a $427 million net loss for Q1 2026, as the company pivots towards high-performance computing (HPC) and AI revenue streams. Despite the loss, TeraWulf's revenue reached $34 million, with HPC lease revenue doubling to $21 million, now comprising 60% of total earnings. In contrast, Bitcoin mining revenue fell by 50% year-over-year to $13 million. The company is expanding its HPC capacity, with significant projects like the Lake Mariner campus and a strategic partnership with Fluidstack and Google. This includes a 25-year lease agreement worth $9.5 billion in contracted revenues. TeraWulf's cash reserves stand at $3.1 billion, supporting its transition to AI compute infrastructure, a trend mirrored by other industry players seeking stable, long-term revenue streams.

BTC +0.48%
3 hours ago

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Sakana AI and NVIDIA Enhance GPU Efficiency with TwELL, Boosting H100 Inference by 30%

Sakana AI, in collaboration with NVIDIA, has launched TwELL, an open-source sparse data format and acceleration kernels that enhance GPU efficiency by skipping ineffective computations. This innovation increases H100 inference speed by up to 30% and training speed by up to 24%, without compromising model accuracy. TwELL addresses the inefficiency in feedforward network layers of large models, where over 80% of neurons remain inactive during text generation. TwELL optimizes GPU operations by dividing data into small blocks, allowing GPUs to handle them efficiently and eliminating costly global memory operations. Tests on a 1.5-billion-parameter model showed that only 2% of neurons required computation, maintaining performance across multiple tasks. As models scale, this optimization could yield even greater performance improvements, with larger models showing a significant reduction in active neuron ratios.
4 hours ago

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U.S. Power Prices Surge 40% Over Five Years Due to Grid Investments

Power prices in the United States have increased by approximately 40% over the past five years, driven primarily by the costs associated with investments in the national grid infrastructure. This significant rise reflects the ongoing efforts to modernize and expand the grid to accommodate growing energy demands and integrate renewable energy sources. The increase in power prices highlights the financial impact of necessary upgrades to the aging grid system, which is crucial for ensuring reliable and efficient energy distribution across the country. As the U.S. continues to transition towards a more sustainable energy future, these investments are expected to play a key role in supporting the integration of clean energy technologies.

$400 Million USDT Transferred from Bitfinex to Tether Treasury

Corning's Stock Soars Amid AI-Driven Fiber Optic Demand Surge

Strategy Holds Over 4% of Bitcoin's Total Supply

CME Group Plans June 1 Launch for Bitcoin Volatility Futures

OpenAI CTO Murati's Role in Altman's Removal and Return Revealed

Malaysian Police Under Investigation for Alleged USDT Robbery

Leopold Aschenbrenner Predicts AGI by 2027 in Influential AI Investment Paper

Richard Sutton's Team Proposes Solution to Streaming Reinforcement Learning Challenges

Nate Geraci Anticipates Imminent Launch of Prediction Market ETFs

Saudi Aramco Reports Increased Q1 2026 Profits Amid Iran Conflict

Ethena (ENA) Faces Resistance at $0.136 Amid Bullish Momentum

South Korea's Tax Agency Trials Crypto Asset Custody with Private Firms

Korean Crypto Exchanges Double Workforce Amid Slowing Market Growth

South Korean Homebuyers Increasingly Use Crypto for Purchases

Tom Lee Predicts End of Bear Market if Bitcoin Surpasses $76,000 by May End

Meme Coins and Hook Tokens Surge Amid Market Rebound

Ethereum-Based USDT Sees Largest Exchange Outflow in Three Months

TeraWulf Reports $427M Q1 Loss Amid Shift to AI Revenue

Sakana AI and NVIDIA Enhance GPU Efficiency with TwELL, Boosting H100 Inference by 30%

U.S. Power Prices Surge 40% Over Five Years Due to Grid Investments