BTC's rebound shows signs of weakening under a string of technical resistance levels, raising the odds of a dip below $60,000 in June. Bitcoin (BTC) erased its intraday losses and rose by around 2.5% to $62,410 immediately after the US inflation report, even as the headline Consumer Price Index (CPI) hit its highest level in more than three years. BTC/USD hourly chart. Source: TradingView Read more
A deepfake campaign attack ad in the US state of Minnesota has raised questions around the ethics of using AI in political ads and the regulations surround AI use. The election season is ramping up in the United States, meaning that airwaves and social media are flooded with campaign ads. Candidates, in addition to the political action committees (PACs) supporting and opposing them, are projected to spend a record-breaking $10 billion in ads this cycle. Some of that is going into AI deepfakes. At least 15 AI-generated campaign ads have run since November, according to NBC News. Some have used deepfakes to portray a candidate doing or saying things that compromise their campaign’s image. Read more
TRM Labs said onchain gambling reached $51 billion in 2025, with repeat users and stablecoin flows helping the sector remain resilient during a broader crypto market pullback. Prediction markets overtook onchain gambling for the first time in the opening quarter of 2026, recording $36.6 billion in volume compared with gambling's $14 billion, according to TRM Labs. In a Wednesday report, the blockchain intelligence company said the shift followed a rapid expansion in both sectors. Onchain gambling reached $51 billion in 2025, while prediction markets climbed to $54 billion, putting the two categories at comparable scale heading into 2026. Still, onchain gambling remained near record levels. Quarterly gambling volume reached an all-time high of $15 billion in the fourth quarter of 2025, then held at $14 billion in Q1 2026. Read more
Robinhood’s new IPO underwriter role comes as SpaceX prepares a record-breaking public offering, with retail brokers and crypto-native derivatives platforms racing to shape price discovery and access. Robinhood Securities said it had secured approval to act as an IPO underwriter, moving from a distribution role into the main underwriting group alongside Wall Street banks. Chief executive Vlad Tenev said in a Tuesday X post that Robinhood Securities is “now approved to serve as an underwriter,” without specifying which regulator granted the approval, a process that typically involves oversight from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Framing the move as the “natural next step” after launching IPO Access in 2021, Tenev said the question in equity capital markets had shifted from “why allocate to retail at all?” to “how big can the allocation be?” Read more
CoinShares’ James Butterfill said recent crypto outflows reflect a macro-driven sentiment shock, while other analysts warned Bitcoin’s rebound may remain fragile. Cryptocurrency market outflows reflect a sentiment shock, as geopolitics, rate expectations and capital rotation into artificial intelligence weigh on digital assets, according to James Butterfill, head of research at CoinShares. In a statement sent to Cointelegraph, Butterfill said that sentiment in crypto markets has “soured drastically” after billions of dollars flowed out of digital asset investment products in recent weeks. “This is a pure sentiment shock rather than a structural break,” Butterfill said. Read more
Coinbase, Kraken and dYdX are adopting Pyth's new indexes, which provide continuous pricing for US stocks, gold and oil outside market hours. Pyth Network, a blockchain oracle and market data provider, has launched new pricing indexes for US stocks and commodities, a move aimed at supporting around-the-clock trading products across crypto exchanges. The company announced Wednesday that Coinbase, Kraken, dYdX and Nado are already using the indexes to power new trading markets. According to Pyth, the indexes are designed for perpetual futures, tokenized assets, prediction markets, derivatives settlement and exchange-traded product benchmarking, providing continuous reference prices even when traditional financial markets are closed. Read more