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In brief Standard Chartered’s Geoff Kendrick argues that Strategy’s $2.5 million Bitcoin liquidation marked a turning point for Ethereum. As Bitcoin’s price dropped, Ethereum registered one of Ethereum’s largest daily outperformance spikes since 2024. Kendrick believes that Ethereum’s current price is deeply disconnected from thriving network metrics. When Strategy disclosed on Monday that it had sold Bitcoin, the move marked a counterintuitive turning point for Ethereum, according to Standard Chartered’s Geoff Kendrick.Although the second-largest digital asset by market cap has lagged its oldest peer for months, investors’ reaction to Strategy’s liquidation created favorable conditions for Ethereum that could persist, the…
In brief Microsoft said its new Majorana 2 quantum chip is 1,000 times more reliable than its previous generation and could help bring scalable quantum computing by 2029. The company said AI tools played a key role in accelerating research, materials discovery, and manufacturing improvements behind the chip. The announcement adds to the growing concerns over when quantum computers could become powerful enough to threaten modern cryptography. Artificial intelligence is helping accelerate quantum computing breakthroughs as researchers race to build machines that could one day challenge the cryptography securing Bitcoin and much of the modern internet.During its annual Build conference…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP is struggling as selling pressure keeps the price pinned near $1.28 without the directional conviction needed to defend the level with confidence. The market is cautious — and an Arab Chain analysis tracking whale withdrawal behavior on Binance has identified a structural signal in the off-exchange activity data that places the current weakness in a historical context spanning back to 2021. Total XRP whale withdrawals from Binance over the past 30 days have fallen to approximately 978 million XRP — their lowest level since 2021. The…
In brief Cardsmiths and America250 launched Currency Series 6, a 120+ card collection honoring the U.S. 250th anniversary. Highlights include limited packaging serial-numbered to 1,776 and rare cards redeemable for actual cryptocurrency. Packs may include redeemable Bitcoin, Dogecoin, Ethereum, and Litecoin. Trading card company Cardsmiths has unveiled its latest collection with a patriotic twist: Currency Series 6, developed in collaboration with America250, the congressionally-established organization overseeing the country’s 250th anniversary celebrations.The collection, timed to coincide with the semiquincentennial of the Declaration of Independence, features 90 base cards and more than 120 unique designs in total.The cards spotlight historical figures, currencies,…
In brief The U.S. Treasury Department’s Office of Foreign Assets Control designated four Iranian cryptocurrency exchanges for sanctions violations. Nobitex, Iran’s largest digital asset exchange, was among the sanctioned platforms alongside Wallex, Bitpin, and Ramzinex. The Treasury alleged that the platforms facilitated terrorist financing, sanctions evasion, and ransomware payments. The U.S. Treasury Department’s Office of Foreign Assets Control designated Nobitex, Iran’s largest digital asset exchange, along with three other Iranian cryptocurrency platforms for allegedly facilitating terrorist financing and sanctions evasion.The Treasury Department alleges Nobitex processed more than 50% of all Iranian digital asset inflows in 2025 and facilitated payments tied…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After a persistent bearish performance, Ethereum’s price is now hovering below the $2,000 mark, raising questions about its stability. ETH may be struggling with volatility, but its short-term outlook appears to be quite bullish as the altcoin mirrors a historical pattern that presents an impending rebound. ETH’s Price And Investors’ Current Behavior Ethereum is once again exhibiting a market pattern that emerged at a significant juncture in its price action over the past few months, sparking conjecture that a potential bounce may be imminent. Rekt Capital, a…
Ripple is pushing its dollar-backed stablecoin into Turkey, betting that one of the world’s most active digital-asset markets is ready for a more regulated version of the digital dollars already used to navigate currency weakness and limited access to traditional dollar savings.On June 2, the Brad Garlinghouse-led company announced that its US dollar-pegged stablecoin, RLUSD, is now available to institutional clients in Turkey through integration agreements with local cryptocurrency platforms BiLira, Bitexen, and Bitlo.The stakes for capturing market share are exceptionally high. Turkey handled nearly $200 billion in annual crypto transactions, almost four times the United Arab Emirates’ $53 billion,…
In brief Microsoft said its new MAI-Thinking-1 model outperformed Anthropic’s Claude Sonnet 4.6 in blind evaluations and matched Claude Opus 4.6 on a leading coding benchmark. The company said its MAI-Image-2.5 models surpassed Google’s Nano Banana 2 on image-editing leaderboards. The launch marks Microsoft’s most ambitious effort yet to develop proprietary frontier AI models alongside its partnership with OpenAI. On the first day of the annual Microsoft Build event on Tuesday, the Windows developer unveiled seven new AI models, claiming they outperformed Anthropic’s Claude Sonnet 4.6 and Google’s Nano Banana 2 in blind testing and image-editing benchmarks.The claim comes as…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Treasury has announced a new round of Iran-related sanctions targeting crypto channels used to move value across borders, with Treasury officials arguing that Iran has turned to digital asset tools to bypass restrictions and maintain access to international funds. New Iran Sanctions On Crypto Exchanges The Treasury’s Office of Foreign Assets Control (OFAC) said Tuesday it designated Nobitex, described as Iran’s largest digital asset exchange, along with three other Iranian exchanges, as part of an initiative branded “Economic Fury.” The Treasury positioned the designations as…
In brief Shares in Strategy (MSTR) closed down more than 9% on Tuesday, one day after selling Bitcoin for the first time since 2022. TD Cowen maintained a $400 price target on Monday, nearly 200% above its Tuesday closing price of $136.08. Other top crypto firms, like Coinbase (COIN) and BitMine (BMNR), also saw their shares fall as crypto prices declined. Shares in Bitcoin behemoth Strategy (MSTR) fell more than 9% on Tuesday, continuing a slide following the firm’s $2.5 million BTC sale disclosed on Monday.The firm’s shares closed at $136.08 on Tuesday, now down nearly 15% in the last…
The U.S. Department of the Treasury’s Office of Foreign Assets Control designated Nobitex, Iran’s largest digital asset exchange, and three other Iranian crypto platforms on Tuesday, marking the Trump administration’s sharpest blow yet to Tehran’s digital financial infrastructure. Nobitex processed more than 50% of all Iranian digital asset inflows in 2025, according to OFAC, and has served as a conduit for payments tied to Iran’s Islamic Revolutionary Guard Corps, ransomware operations, and attempts to shield regime wealth during internet blackouts that followed U.S. combat operations in Iran, according to the Treasury release. Treasury Secretary Scott Bessent, in announcing the action,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Given the prolonged waning price action, the Bitcoin network is starting to feel this bearish pressure, leading to a sharp decline in activity across the network. After a period of downward performance, the level of activity and participation within the network has significantly dropped below levels seen in previous bull market cycles. How Bitcoin’s Network Usage Has Evolved Since 2021 While the Bitcoin price has been experiencing persistent downside action, its network performance is also exhibiting a notable decline. Currently, the network is telling a very different…