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Uber Cuts 23% of People Team While Distancing Move From AI
Uber cuts 23% of its People division under new president Jill Hazelbaker, saying the layoffs are unrelated to AI.

BitMine Tests Saylor’s Capital Strategy While Sitting on $8 Billion ETH Loss
Tom Lee's BitMine floats 9.50% preferred stock to raise $300 million, even as its ETH loss surges past $8 billion

Polymarket's UMA vote upholds 'No' outcome on Strategy bitcoin sale market despite backlash
The dispute centers on Strategy's disclosure that it sold 32 BTC for roughly $2.5 million between May 26 and May 31.

CFTC Scraps ‘No-Deny’ Rule in Legal Settlements
The US commodities regulator has rescinded a policy preventing it from accepting settlement offers if the defendant continues to deny the agency’s allegations.

Pi Network Activates Protocol 24 as PI Price Hovers Near All-Time Lows
Pi Network activated a huge upgrade. PI trades at $0.127, down 95% from its peak. Can three protocol upgrades in June finally move the price?

Bitmine to launch STRC-style preferred stock offering amid $9.2 billion unrealized ETH losses
The company plans to use the net proceeds for general purposes, which may include purchasing additional ETH and expanding staking operations.

Bitcoin Price Plunges Below $62,000, Erasing Months Of Gains
Bitcoin price has tumbled to its lowest level in months Wednesday night, crashing below $62,000 and wiping out a sharp intraday loss of more than $5,300.

Bitcoin drops below $62,000 as $1.5 billion in crypto longs get wiped out
Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.

Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated
Analysts and market observers are saying bitcoin's crash is happening due to traders chasing momentum and rotating out of crypto and into high-flying IPOs and AI stocks.

Bitcoin selloff continues as prices slide below $63,000 for the first time since February
The selloff has triggered demand for protective options plays, pushing the fear gauge higher.

Crypto Liquidations Top $1.1 Billion as Bitcoin targets $60,000: More Pain Ahead?
Bitcoin tumbled nearly $63,000, as total crypto liquidations across the market surged past $1.1 billion: Will $60,000 be the next target?

Israel’s Tax Authority ‘Disappointed’ in Voluntary Crypto Disclosures: Report
Israeli digital asset holders have until August 31 to take advantage of a tax authority policy to disclose previously unreported cryptocurrency, but many have reportedly not stepped up.

SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus
SpaceX targets IPO price of $135/share, and aims to sell 555,555,555 to raise $75 billion.

Tom Lee's Bitmine (BMNR) to offer preferred stock with 9.5%, following Strategy's playbook
The largest Ethereum treasury firm is taking a page from Michael Saylor's Strategy to issue preferred shares to tap new sources of funding.

Jamie Dimon Says He is ‘Jealous’ of Revolut, Then Attacks Crypto Reform
Jamie Dimon admires Revolut's speed but vows to fight the CLARITY Act, exposing the clash between banks and crypto fintech.

Wyoming Issues Executive Order to Guide AI Data Center Development
Wyoming has issued an executive order to guide AI data center development, highlighting the state's growing role in advanced computing.

The Best AI Models Still Encourage 'Harmful Intimacy' With Chatbots, Study Funds
A new study finds that leading AI models often encourage emotional attachment, portray themselves as human, and fail to maintain clear boundaries.

US Treasury Secretary Signals CLARITY Act by Summer, Progress on Bitcoin Reserve
The United States holds about $215 billion worth of Bitcoin, with Treasury Secretary Scott Bessent saying the government was moving forward on enacting Donald Trump’s executive order to establish a national Bitcoin reserve.

Revolut Eyes Stablecoin Services Through Future US Bank
Reuters reported that Revolut plans to offer stablecoins through its future US bank, which is expected to launch next year alongside FDIC-insured accounts, stock trading and crypto services.

Cardano Slumps to 5-Year Low Price as Charles Hoskinson Warns of 'Wave of Failures'
Founder Charles Hoskinson was brutally honest about the troubles the Cardano ecosystem could face as the market continues declining.

The selloff In Bitcoin, Altcoins Deepened, Will Bulls Buy The Dip?
Bitcoin and most major altcoins are under intense selling pressure, but HYPE, ZEC and XLM show promise.

Tether Debuts Tokenized Gold Stablecoin Visa Card That Pays Out Crypto Rewards
Holders will be able to do more with their gold, instantly spending Tether's tokenized version anywhere Visa is accepted.

Hyperliquid's HYPE overtakes Solana in price as SOL falls to lowest levels since 2023
Hyperliquid's market capitalization has climbed to over $16 billion, but still well behind Solana's $42 billion.

Ray Dalio Says AI’s Biggest Threat Isn’t What Most People Think
Ray Dalio warns the AI bubble will burst when investors sell paper wealth to raise cash for debts and taxes.