Strategy’s MSTR stock may rally by over 80% in the coming months despite suffering a $12.54 billion net loss in Q1 2026. Key takeaways: Strategy’s MSTR is forming an ascending triangle pattern, pointing to a potential move toward the $350 level. Canaccord raised its MSTR price target to $224 from $185, citing Bitcoin’s rebound and…
In brief Nvidia and IREN Limited announced a $3.4 billion cloud services deal, with plans to deploy up to 5 gigawatts of AI infrastructure using Nvidia’s DSX architecture. Nvidia received a five-year option to purchase up to 30 million IREN shares at $70 per share, representing potential investment rights of $2.1 billion. IREN stock surged…
Bitcoin (BTC) traders expect a short-term correction as a key BTC price strength metric rises to its highest levels in almost fifteen weeks. Key takeaways: Bitcoin’s “overbought” RSI historically precedes significant corrections. Bitcoin could see a short-term price drop if the price breaks below the $78,000 support. Bitcoin metrics suggest BTC price is “overheated” Bitcoin’s…
In brief ECB President Christine Lagarde said euro stablecoins are “not an efficient way” to boost the euro’s global role, warning their risks outweigh short-term gains. She flagged two “material” risks: financial instability from sudden redemptions and weaker monetary policy transmission if deposits shift out of banks. Industry leaders pushed back, warning Europe risks dollar…
In brief Coinbase users reported widespread issues with trading, fund transfers, and the mobile app on Thursday night. The exchange said AWS failures in the US-EAST-1 region affected multiple availability zones and disrupted core trading services. Downdetector data showed reports spiking around 6 p.m. ET. Coinbase users faced hours of service disruptions late Thursday and…
Decentralized finance protocols are reevaluating their blockchain oracle providers’ security after the fallout from the $293 million Kelp DAO exploit last month. Several protocols have announced migrations to Chainlink infrastructure in recent days, citing security concerns around third-party oracle and bridge providers. On Thursday, Bitcoin DeFi platform Solv Protocol announced it would migrate to Chainlink’s…
In brief Andreessen Horowitz partner David George argues fears of AI-driven mass unemployment are historically unfounded. George says AI will reorganize labor markets and create new industries rather than permanently eliminate human work. Economists and developers remain divided over how disruptive AI could become for white-collar jobs. As fears grow that artificial intelligence could wipe…
Coinbase became the latest crypto company to cut its workforce on Tuesday, as a wave of layoffs sweeps through an industry navigating a down market and the pressure to embrace AI. CEO Brian Armstrong said the company is using AI to flatten its organizational structure, with managers expected to act more like “player-coaches.” “AI is…
In brief Bitcoin briefly displayed a price of $0.019 on Revolut overnight—a 99.99% drop from its actual trading level near $79,000. The glitch didn’t last long, but push notifications to users helped amplify the alarm. Revolut attributed the error to a third-party service disruption and said it is still evaluating what happened. Trading platform Revolut…
Cybercrime detectives in Australia seized 52 Bitcoin valued at 5.7 million Australian dollars ($4.1 million) in what they said is one of Australia’s largest crackdowns on an illegal darknet marketplace using cryptocurrency. Strike Force Andalusia, a division of the State Crime Command’s Cyber Crime Squad, said they seized $4.1 million worth of cryptocurrency and arrested…