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40 minutes ago

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Jerome Powell to Stay on Fed Board, Delaying Leadership Transition

Jerome Powell, the outgoing Chair of the Federal Reserve, has announced his decision to remain on the central bank's board of governors after his term ends. This decision reduces the likelihood of his early departure by May 14, 2026, with market predictions pricing a 2.4% chance of an early exit. However, the probability of his departure by May 31, 2026, remains high at 97.8%. Powell's continued presence suggests a delay in leadership changes at the Federal Reserve, potentially affecting the transition process for Fed Chair nominee Kevin Warsh. Traditionally, outgoing Fed chairs leave the board entirely, but Powell plans to maintain a low profile under the new chair, which may impact President Trump's plans for swift changes within the Fed. Market interpretations indicate a stable transition, despite political pressures, with adjustments reflecting a reduced probability of an early exit.
40 minutes ago

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Tesla Reports Over $500 Million Revenue from SpaceX and xAI in 2025

Tesla has announced that it generated over $500 million in revenue from its business dealings with SpaceX and xAI in 2025. According to an updated report released on May 1, Tesla disclosed that it earned approximately $430.1 million from xAI as of January. Additionally, the company reported receiving $143.3 million in revenue from SpaceX, bringing the total to over half a billion dollars.
49 minutes ago

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China Eases Rare Earth Export Restrictions Amid U.S. Trade Tensions

China has approved significant exports of rare earth elements, signaling a potential easing of trade tensions with the U.S. This decision follows previous strict export restrictions on materials like yttrium and scandium, which had disrupted the U.S. aerospace and defense sectors. The move suggests a de-escalation in hostilities and aligns with China's strategy to manage its rare earth market dominance while the U.S. develops its own refining capabilities. The easing of restrictions has influenced prediction markets, with a notable increase in the probability of a diplomatic visit by President Trump to China by May 31, 2026. Market participants interpret these developments as indicative of improving U.S.-China relations, potentially facilitating high-level diplomatic engagements.
56 minutes ago

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Cooker.hl Sells $HYPE Tokens for $1.8M USDC, Deposits to Coinbase

Cooker.hl, known by the handle @CookerFlips, executed a significant transaction involving the sale of 45,786 $HYPE tokens for $1.8 million in USDC. The sale was conducted at a price of $39.39 per token. Following the transaction, the proceeds were deposited into a Coinbase account, indicating a strategic move in managing digital assets.

HYPE -0.13% USDC -0.02%
58 minutes ago

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Bitmine Stakes Additional 162,088 ETH Worth $365.67 Million

Bitmine has staked an additional 162,088 ETH, valued at approximately $365.67 million, according to Onchain Lens monitoring. This recent activity brings Bitmine's total staked Ethereum to 4,196,973 ETH, with an estimated value of $9.5 billion.

ETH -0.08%
59 minutes ago

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White House Signals Potential Bitcoin Reserve, Boosting Market Optimism

The White House has hinted at a forthcoming announcement regarding the establishment of a U.S. Strategic Bitcoin Reserve, potentially boosting market confidence in Bitcoin's price trajectory. This initiative, rooted in President Donald Trump's March 2025 executive order, aims to create a reserve funded by Bitcoin seized through criminal and civil forfeitures, with plans to purchase up to 1 million additional BTC over five years. Market sentiment has responded positively, with prediction markets showing a 100% confidence in Bitcoin surpassing $86,000 by April 30, and a 99.8% likelihood of exceeding $68,000 by May 2. The potential reserve announcement is seen as a catalyst for increased institutional interest, suggesting a supportive environment for higher Bitcoin prices in the near term.

BTC +0.54%
1 hour ago

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X Introduces Cashtags for Real-Time Asset Tracking on Web

X has launched Cashtags on its web platform, providing users with real-time charts and posts for every asset directly on X.com. This new feature aims to integrate X more deeply into users' trading activities, positioning the platform as a central component of their trading terminals. The introduction of Cashtags is expected to enhance the user experience by offering immediate access to market data and discussions.
1 hour ago

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Ethereum Foundation Receives $22.92M USDC from Coinbase Prime

The Ethereum Foundation's wallet has received a transfer of 22.92 million USDC from Coinbase Prime, as reported by on-chain analyst Ember. This transaction occurred five hours ago and is speculated to be linked to the Ethereum Foundation's recent sale of 10,000 ETH to Bitmine through an over-the-counter (OTC) deal conducted last week.

ETH -0.08% USDC -0.02%
1 hour ago

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Arkham Identifies Largest Bitcoin Holder in 2026

Arkham has identified the largest Bitcoin holder in 2026, providing insights into the distribution of Bitcoin wealth. This revelation comes as Bitcoin's price approaches its bottom, driven by a surge in institutional demand. Meanwhile, Brazil has approved the issuance of BRL 210 million in Bitcoin-backed bonds, signaling growing acceptance of cryptocurrency-backed financial instruments. In other developments, Elon Musk has criticized most cryptocurrencies as scams, yet Dogecoin's price continues to rise. Additionally, XBIT has achieved over $36 million in trading volume within a month, placing it among Polymarket Builder’s top four. Ethereum's price has declined following WLFI's sale of 8,500 ETH, and a Shiba Inu whale's transfer of 800 billion SHIB to Coinmena has raised liquidity concerns.

BTC +0.54% DOGE +0.41% ETH -0.08% SHIB +0.08% XBT
1 hour ago

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Senate Moves Forward with Cloture on Kevin Warsh's Fed Chair Nomination

Senate Majority Leader Thune has filed for cloture on the nomination of Kevin Warsh to serve as the Federal Reserve Chairman for a four-year term. This procedural step is aimed at limiting debate and expediting the confirmation process for Warsh, who is poised to take on a pivotal role in shaping U.S. monetary policy.
1 hour ago

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Stretch Maintains Dividend Rate at 11.50% for May 2026

Stretch has announced that it will maintain its dividend rate at 11.50% for May 2026. This decision keeps the rate consistent with previous months, providing stability for investors holding $STRC tokens. The maintained rate reflects the company's ongoing commitment to delivering value to its stakeholders.
1 hour ago

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Pantera Capital Transfers 83.9 Million ONDO Tokens, Potential Sale Ahead

Pantera Capital, a leading investor in Ondo, has transferred 83.9 million ONDO tokens, valued at approximately $22.11 million, according to monitoring by EmberCN. The tokens were moved about five hours ago, and there is potential for a subsequent sale. The receiving address previously acquired 34.28 million ONDO tokens, worth around $42.52 million, from Ondo's multi-signature address a year ago and subsequently transferred them in batches to Coinbase Prime.

ONDO -0.90%
2 hours ago

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Big Tech's AI Push Spurs Record Debt Issuance

Major U.S. tech companies, including Alphabet, Meta, and Amazon, are increasingly turning to debt financing to fund their ambitious AI projects. In March, Amazon issued €14.5 billion in bonds in Europe, marking the largest corporate bond issuance in euro history, alongside $37 billion in the U.S. Meta followed suit with a $25 billion bond issuance in April to support its AI initiatives. Collectively, these companies plan to spend approximately $650 billion this year on AI infrastructure, including data centers and networking equipment. This shift towards debt financing represents a significant change in strategy for tech giants traditionally reliant on strong revenues and stock performance. The move is driven by the urgent need to build AI capabilities, with companies like Alphabet allocating substantial portions of their budgets to data centers and servers. Despite the high interest rates, the rapid pace and scale of borrowing underscore the intense competition in the AI sector, with analysts predicting that AI-related debt could account for over 20% of the investment-grade bond market by 2030.
2 hours ago

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U.S. Senate Rejects Resolution to Limit Trump's War Powers on Iran

The U.S. Senate has blocked a Democratic resolution aimed at limiting President Trump's authority to engage in military action against Iran. The resolution, introduced by Senator Adam Schiff, was defeated in a procedural vote with 47 senators in favor and 50 against. This marks the sixth attempt by Democrats to curtail the president's war powers as the 60-day deadline under the 1973 War Powers Resolution approaches. The resolution sought to compel the president to withdraw U.S. military forces from hostilities with Iran unless Congress authorizes further action. President Trump notified Congress of hostilities with Iran on March 2, initiating the 60-day period, which concludes on May 1. The president has the option to extend this period by an additional 30 days to facilitate troop withdrawal.
2 hours ago

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Coinbase Launches CUSHY Strategy with Tokenized Credit Shares

Coinbase Asset Management has unveiled its new digital credit strategy, CUSHY, which introduces a tokenized shareclass mechanism to integrate traditional credit markets with blockchain finance. The strategy focuses on on-chain public credit assets, structured private credit for digital-native and traditional borrowers, and yield sources combining tokenization with protocol incentives. Built on Superstate’s FundOS platform, CUSHY allows for on-chain representation of fund shares and 24/7 trading across networks like Ethereum, Solana, and Base.

BASE -20.21% ETH -0.08% SOL -0.43%
2 hours ago

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Google Cloud and Weezer Launch AI-Generated Music Video at Cloud Next 2024

Google Cloud has teamed up with rock band Weezer to unveil an AI-generated music video at the 2024 Google Cloud Next conference. The video, created using Google AI technologies, showcases the capabilities of generative AI in the creative industry. Tools such as Gemini Enterprise, Nano Banana 2, Veo 3.1, and Google DeepMind’s Genie 3 were employed for concept design, storyboarding, and rendering. This collaboration highlights Google Cloud's enterprise-grade AI solutions and their potential applications in creative fields. The conference, an annual event, emphasizes the role of AI technologies in enterprise settings.
3 hours ago

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LightSeek Foundation Unveils Shepherd Model Gateway to Enhance LLM Efficiency

The LightSeek Foundation has introduced the Shepherd Model Gateway (SMG) to tackle CPU bottlenecks in large language model (LLM) services. Launched on May 1, the SMG aims to optimize production efficiency by offloading non-GPU tasks to a Rust-based gateway. This approach minimizes CPU blocking during the inference process by establishing minimal gRPC boundaries, thereby enhancing overall service performance.
3 hours ago

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Top Altcoin Setups for May 2026: Chainlink, Ethereum, Kaspa, Sui, and NEAR

As May 2026 approaches, five altcoins—Chainlink, Ethereum, Kaspa, Sui, and NEAR—are poised for potential breakouts, challenging the "sell in May and go away" adage. Chainlink (LINK) is trading around $9.13, forming an ascending triangle with a potential breakout target of $11.92, driven by a partnership with OpenAssets and a $644 million buyback program. Ethereum (ETH) defends its $2,200 support, trading near $2,265 within an ascending channel, with the Fusaka upgrade boosting DeFi throughput. Kaspa (KAS) is positioned inside a falling wedge at $0.0325, with the Toccata hard fork in June potentially catalyzing a breakout. Sui (SUI) tests support at $0.91, with CME Group launching SUI futures on May 4, while NEAR Protocol (NEAR) trades at $1.30, nearing a multi-year resistance trendline. These altcoins share compressed volatility and fundamental catalysts, suggesting significant moves in May if macroeconomic conditions remain favorable.

ETH -0.08% KAS -0.44% LINK -0.35% NEAR -2.52% SUI -0.44%
3 hours ago

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US Car Loan Defaults Surge to Highest Level Since 2010

Car loan defaults in the United States have reached their highest level since 2010, as more Americans struggle to afford their payments. A significant 42.6% of buyers who owe more on their vehicles than they are worth are opting for extended 84-month loans. The average monthly car payment has soared to a record $932, exacerbating financial strain on consumers.
3 hours ago

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Morgan Stanley's Amy Oldenburg Discusses Potential for Banks to Hold Bitcoin

Morgan Stanley's Amy Oldenburg suggested that major banks holding Bitcoin on their balance sheets is "not totally out of the question," citing regulatory progress. Speaking at the Bitcoin 2026 conference, Oldenburg highlighted the need for alignment across various regulatory bodies, including the SEC, Federal Reserve, and Basel Committee, as crucial for such a move. Oldenburg noted that while regulatory advancements have been made, significant hurdles remain, particularly the Basel Committee's conservative risk-weight treatment of Bitcoin. This treatment currently makes direct bank balance-sheet exposure economically challenging. Despite these challenges, Oldenburg's comments indicate a procedural possibility for banks to eventually hold Bitcoin, contingent on further regulatory alignment and guidance.

BTC +0.54%

Jerome Powell to Stay on Fed Board, Delaying Leadership Transition

Tesla Reports Over $500 Million Revenue from SpaceX and xAI in 2025

China Eases Rare Earth Export Restrictions Amid U.S. Trade Tensions

Cooker.hl Sells $HYPE Tokens for $1.8M USDC, Deposits to Coinbase

Bitmine Stakes Additional 162,088 ETH Worth $365.67 Million

White House Signals Potential Bitcoin Reserve, Boosting Market Optimism

X Introduces Cashtags for Real-Time Asset Tracking on Web

Ethereum Foundation Receives $22.92M USDC from Coinbase Prime

Arkham Identifies Largest Bitcoin Holder in 2026

Senate Moves Forward with Cloture on Kevin Warsh's Fed Chair Nomination

Stretch Maintains Dividend Rate at 11.50% for May 2026

Pantera Capital Transfers 83.9 Million ONDO Tokens, Potential Sale Ahead

Big Tech's AI Push Spurs Record Debt Issuance

U.S. Senate Rejects Resolution to Limit Trump's War Powers on Iran

Coinbase Launches CUSHY Strategy with Tokenized Credit Shares

Google Cloud and Weezer Launch AI-Generated Music Video at Cloud Next 2024

LightSeek Foundation Unveils Shepherd Model Gateway to Enhance LLM Efficiency

Top Altcoin Setups for May 2026: Chainlink, Ethereum, Kaspa, Sui, and NEAR

US Car Loan Defaults Surge to Highest Level Since 2010

Morgan Stanley's Amy Oldenburg Discusses Potential for Banks to Hold Bitcoin