Pi Network (PI) price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under heavy selling pressure on Friday, falling over 7%, 9% and 8%, respectively, so far this week. BTC has fallen to a fresh yearly low, ETH slipped below key support, while XRP continues to lose momentum.

The broader cryptocurrency market is facing relentless selling, pushing Bitcoin (BTC) down to $58,000 on Friday and liquidating over $1 billion in 24 hours. Worldcoin (WLD) and Pepe (PEPE) have emerged as the biggest losers over the same period, as bearish grip tightens on retail sentiment.

Bitcoin fell briefly toward the $58,000 level on Thursday as mounting macroeconomic uncertainty, weakening short-term investor conviction and widespread liquidations intensified selling pressure across crypto.

Semiconductor technology firm, Onsemi, will acquire chipmaker Synaptics in an all-stock transaction valued at about $7 billion, both companies announced on Wednesday. This combination of power semiconductors with edge computing will position the merger at the center of what both companies have referred to as “Physical AI.” Under the agreement, Synaptics shareholders will receive 1.350...

On Friday (June 26), Stani Kulechov, the founder of the decentralized lending protocol Aave, expressed disbelief at a report suggesting Aave may be sold at a fraction of its current market valuation. His response suggests that larger DeFi protocols are rebuffing acquisition interest at discounted terms, despite traditional finance companies seeking ways into the onchain...

OpenAI is leaning toward postponing its initial public offering until 2027, per a New York Times report on June 25 citing people involved in the company’s internal deliberations. The shift represents a reversal from the late-2026 timeline OpenAI has signaled since January, with CEO Sam Altman rejecting any valuation below $1 trillion and CFO Sarah...

Circle and Nomura have disclosed plans to set up a corporate digital asset payment settlement service in Japan by 2027. The joint venture will allow Japanese companies to convert their yen into USDC for cross-border transactions, foreign exchange settlements, and transfers between overseas affiliates. The move follows Japan’s approval of USDC for corporate use and...

Microsoft announced on June 25 that Xbox console prices will rise worldwide on August 1, with 512GB Xbox Series S models going up $100 to $500 and 1TB models rising $150. The Xbox Series X Digital will reach $750 and the standard Series X $800. The 2TB Series X is being discontinued. Updated XBOX Console...

Coinbase’s layer-2 network Base experienced an outage lasting approximately two hours on Thursday after an invalid block caused a consensus failure that stopped all transactions on the chain in what seems to be its biggest outage in 90 days. The network was affected starting at 16:03 UTC when Base’s status page indicated the mainnet’s block...

Uniswap received $150 million in stablecoin liquidity from Spark, with the assets set to transition to DualPool, a new custom liquidity hook, according to an announcement on Thursday.

Poland’s Central Bureau for Combating Cybercrime (CBZC) has detained four people in a joint operation with FBI and Homeland Security Investigations (HSI) agents.  Poland’s authorities have charged the four detained individuals with running SIM swap attacks in order to steal from cryptocurrency exchange accounts. They have also been charged with laundering the proceeds through a...

Popular on-chain analyst Specter just reported a major Polymarket breach today that stole up to $2.94 million from about 11 accounts combined. According to Specter, the stolen funds were originally held as PUSD (Polymarket’s USD-pegged collateral token), swapped into ETH and sent to a final address. While 11 victims have been identified so far, the...

Iran is trying to turn the Strait of Hormuz into a paid transit system after the ceasefire tied to Trump reopened the waterway. Tehran wants ships to pay for security, safety, and environmental services while crossing the oil route, with officials putting the possible yearly income at about $40 billion for the countries involved, according...

Tesla plans to increase weekly output at its Gigafactory Berlin by 20% to 7,500 vehicles starting in October.

Apple has shot up the prices of its devices, iPads and Macbooks, on Thursday. Chief Executive Tim Cook had already warned that the higher prices are inevitable. The reason is the heavy memory chip demand, a victim of the AI boom and massive data centers. iPhone had been lucky in this price surge as it...

Hang Ten Systems, a Palo Alto startup founded by former Infosys CEO Vishal Sikka, closed a $32 million seed round on Tuesday.

Swedish electric car maker Polestar (PSNY) says it will stop selling cars in the United States after the Commerce Department blocked its sales in the country. The company, which is owned by Chinese carmaker Geely, said US officials chose not to “grant Polestar authorization under the current US Connected Vehicle Rule.” That decision means Polestar...

Bitcoin crashed to $58,700 on Thursday and now options traders are convinced it will crash as far as $52,000 before the year is over, which would be its lowest level since August 2024. That decline saw Bitcoin fall by almost 52% from its all-time high and left the OG crypto below the $60,000 level, which...

SBI Holdings has agreed to acquire all shares of cryptocurrency exchange Bitbank in a ¥46.7 billion ($289 million) transaction.  This deal would make the combined group Japan’s largest crypto exchange operator by assets under custody. The acquisition runs through SBICAH, a wholly owned SBI subsidiary. How does the deal work? Starting around August, SBICAH will...

Tech giant Amazon has announced an influx of an additional $13 billion into India by year 2030, which aims to improve AI and cloud infrastructure in the Mumbai and Hyderabad regions. This fresh commitment will raise the company’s total planned investment in the country to $48 billion over the next half a decade. Amazon’s new...

The Kraken crypto exchange and Maple Finance have launched an onchain warehouse lending facility that channels USDC liquidity from Maple’s collection of lenders to Kraken’s over-the-counter borrowers, applying the structural framework behind traditional asset-backed securities to crypto lending for the first time. Lending facility details Maple will provide the senior financing through a special purpose...

Markets have not opened yet, but investors are already lining up to take the action on IBM’s stock (NYSE: IBM) as the tech giant revealed what it calls the first chip technology to go under the 1-nanometer technological barrier.  The news has sent IBM shares up nearly 4% in pre-market trading, a necessary shot in...

The European Union is stepping up its regulation of big tech, this time turning its attention to artificial intelligence and cloud computing. On Thursday, the European Commission announced plans to designate Microsoft Azure and Amazon Web Services as gatekeepers under the bloc’s Digital Markets Act (DMA). The two companies are the world’s largest cloud service...

The broader cryptocurrency market remains under immense downward pressure as investors' interest shifts toward lucrative AI and memory stocks. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are holding above their June 6 lows, with bulls hoping short-term resilience will ward off sellers. 

Canopy, an AI-native blockchain development framework, today announced an $8.5M seed round. The funding will support Canopy’s mainnet launch, expand the engineering team, and continue developing its AI-native tooling and developer experience.  Additionally, the company welcomed Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital as key stakeholders through the recent acquisition, bringing in additional...

U.S. Treasury Secretary Scott Bessent said the country’s pressure campaign pushed Iran into talks, claiming the government in Tehran was forced to negotiate after its finances collapsed. “We have laid Iran’s economy to waste, that’s what brought them to the table,” Bessent said while talking about where the American economy goes after the war with...

Security firm Novee has revealed Cordyceps as a class of exploitable CI/CD vulnerabilities across open-source repositories that allowed attackers to steal credentials, push malicious code, and compromise operations at some of the world’s largest software organizations. These vulnerabilities have been found across repositories belonging to Microsoft, Google, Apache, Cloudflare, and the Python Software Foundation, which...

The American Arbitration Association (AAA) and blockchain documentation firm Integra Ledger on Wednesday, June 24, released the Legal Context Protocol (LCP), an open standard designed to attach verifiable legal terms to transactions conducted by autonomous AI agents.  Google, IBM, Circle, Wayfair, and more than a dozen blockchain and infrastructure companies signed on as founding contributors....

Russian authorities are delaying the introduction of a new law regulating cryptocurrency transactions in the country, according to the finance ministry. The legislation was supposed to enter into force no later than the first day of next month. While legalizing crypto investment, it will ban advertising. Russia to miss July 1 deadline for crypto regulation...