In brief Coinbase posted a $394 million Q1 net loss, marking its second consecutive quarterly loss. Net revenue fell 31% to $1.4 billion, missing analyst expectations as crypto trading volumes declined. The exchange said this week that it would cut 14% of its workforce, citing market conditions and AI optimization. Coinbase on Thursday posted a…
Fund managers are warming back up to digital assets, with Bitcoin continuing to dominate allocation preferences even as broader crypto sentiment improves, according to a new survey by CoinShares. The April survey gathered responses from 26 institutional investors overseeing a combined $1.3 trillion in assets under management. Allocations to digital assets remain relatively modest, at…
In brief Ethereum treasury firm BitMine Immersion Technologies may start slowing its ETH purchases. Of the potential slowdown, the firm’s chairman Tom Lee said there are “other things to be doing in crypto right now.” Shares in the firm (BMNR) dropped nearly 4% on Thursday, but have gained 9% in the last month of trading….
In brief Chrome 148 removed the phrase “without sending your data to Google servers” from the on-device AI settings description that appeared in Chrome 147. The change was first spotted by users on the Chrome subreddit and picked up by Hacker News within hours. The phrasing implies that Google sends users’ data to its servers…
Bitcoin (BTC) price dropped to $79,800 on Thursday after being rejected at a key dynamic resistance level. The pullback occurred despite the weekly spot Bitcoin exchange-traded fund (ETF) inflows surging past $1 billion for the first time since January, but technical data suggests the correction may be short-lived. Bearish divergences point to where BTC price…
In brief AI tools like Anthropic’s Claude Mythos Preview are dramatically lowering the bar for cyberattacks, enabling even unskilled actors to exploit vulnerabilities across major systems. A single breach could cascade across interconnected financial institutions, elevating cyber risk to a macro-financial threat. The IMF urges policymakers to treat cybersecurity as a core financial stability issue,…
In brief Researchers at IMDEA Networks found 13+ third-party trackers embedded in ChatGPT, Claude, Grok, and Perplexity, including tools from Meta, Google, and TikTok. Grok was the worst offender: guest conversations are public by default, and TikTok’s tracker received verbatim message content via Open Graph metadata. Rejecting cookies doesn’t always help. When you type something…
In brief 21Shares launched the Canton Network ETF (TCAN), the first U.S. ETF offering direct exposure to Canton Coin. The ETF provides institutional investors access to Canton Network’s privacy-enabled blockchain infrastructure. Canton Network counts Goldman Sachs, Microsoft, and Deutsche Bank among its institutional validators and testers. 21Shares launched its Canton Network ETF (TCAN) on the…
Michael Saylor’s comment this week that Strategy might sell portions of its Bitcoin holdings, is a decision that gives the BTC treasury company Strategy, optionality, according to BTC advocate Samson Mow. “Never selling limits optionality. Public markets are war. In war, you need all available tools at your disposal,” Mow said after company co-founder Saylor’s…
In brief Bitcoin’s rally stalled on Thursday as the top crypto asset fell below $80,000. Analysts at CryptoQuant note that the asset’s recent rise has led to increased profit taking for traders. While it may take time to realize, the report indicates that a correction could come as the bear market continues. Bitcoin rallied to…