Coinbase CEO Brian Armstrong believes the artificial intelligence industry is heading toward a future where most workloads run on significantly cheaper models, a shift he says is already influencing how crypto firms manage AI costs. Armstrong shared his outlook during a discussion on rising AI infrastructure expenses, arguing that demand ...
Read moreDetailsAn early Ethereum holder successfully navigated the recent crypto market downturn, selling nearly $188 million worth of Ethereum-related assets and Bitcoin before the decline and later rebuilding the position at significantly lower prices. According to on-chain analytics platform Lookonchain, the activity was linked to three wallets and reflected a rare ...
Read moreDetailsGate Futures has officially launched USDT-margined perpetual contracts tied to three US-listed equities: Blackstone (BX), Credo Technology Group (CRDO), and AXT Inc. (AXTI). The contracts support long and short positions with leverage ranging from 1x to 20x, allowing traders to gain synthetic exposure to traditional equities directly within a crypto ...
Read moreDetailsXRP saw a sharp reset in the derivatives market after a recent sell-off. On Bybit, open interest dropped to $181 million, its lowest level since February. This is about a 36% fall from the May peak near $283 million, showing that many leveraged long positions were cleared out. Liquidation data ...
Read moreDetailsZcash developers have successfully patched a critical vulnerability that could have allowed attackers to create unlimited counterfeit ZEC, with the privacy-focused cryptocurrency rebounding sharply after the disclosure triggered a major market selloff. Josh Swihart, founder of Zcash Open Development Lab (ZODL), detailed the network’s emergency response in a June 8 ...
Read moreDetailsYuga Labs CEO Michael Figge confirmed the team completed a whitehat operation to rescue dozens of at-risk NFTs from an exploit discovered in Flooring Protocol. The intervention successfully secured 68 high-value digital assets, preventing their liquidation in vulnerable liquidity pools. The recovered bundle includes 29 Bored Ape Yacht Club (BAYC) ...
Read moreDetailsBitGo MENA has launched an institutional electronic trading platform for digital assets in the Middle East and North Africa. The new service operates under a Broker-Dealer license from Dubai’s Virtual Assets Regulatory Authority and combines automated trade execution with BitGo’s existing OTC operations. BitGo MENA just launched electronic trading in ...
Read moreDetailsInvestor Thomas Braziel has called for clarity on the whereabouts of 1090 BTC linked to the predecessor of the Cardano Foundation. I've spent most of yesterday collecting the original Isle of Man filings relating to the earliest Cardano Foundation structure. Trying to be as charitable and document-driven as possible, the ...
Read moreDetailsCrypto derivatives platform edgeX has started distributing compensation to users impacted by the sharp market disruption that hit its native EDGE token on June 2, completing the first phase of its goodwill payment program. The company confirmed that eligible users have now received 50% of their approved compensation in USDC. ...
Read moreDetailsPRNewswire, PRNewswire, 8th June 2026, Chainwire
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