Tokenization Launches as Bitwise Acquires $267M Fund
@Bitwise is set to take over Superstate’s $267 million Crypto Carry Fund on June 1, rebranding it as the Bitwise Crypto Carry Fund, marking its entry into tokenized funds. #Update #Crypto $USCC
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Altcoins Surge as Bitcoin and Ether Retreat
Bitcoin ($BTC) fell 0.7% to $80,953.28 after hitting $82,800, while Ethereum ($ETH) dropped 1% to $2,325. Altcoins like $ALGO and $TON rose 8-9%. #Update #Crypto $BTC
Bitcoin Lenders Demand TradFi Style Crypto Credit
Bitcoin lenders are urged to adopt traditional finance practices to attract institutional capital, focusing on standardization and transparency post-2022 lending crises. #Update #Crypto $BTC
Crypto Custody Bank BNY Expands in Abu Dhabi
@BNY expands its digital asset custody services to the UAE, partnering with Finstreet and ADI Foundation, initially focusing on $BTC and $ETH. #Update #Crypto $BTC $ETH
Bitcoin Strategy Outperforms REITs as Cardone Adds BTC
Grant Cardone announced adding $100 million in bitcoin to his portfolio, combining it with real estate to outperform traditional REITs, increasing total bitcoin exposure to $200 million. #Update #Crypto $BTC
AI Agents Surpass Humans by 2035
Charles Hoskinson predicts AI agents will surpass humans online by 2035, disrupting Big Tech’s business models. He emphasizes crypto’s potential with AI in user experience and warns against custodial reliance. #Update #Crypto $ADA
NFTs Set to Surge as AI Strains Identity
Reid Hoffman at CoinDesk’s Consensus Miami suggests NFTs may see a revival as AI agents complicate online identity and trust issues, advocating for crypto solutions. #Update #Crypto $BTC
Anthropic Signs SpaceX for Colossus 1 Launch
@Anthropic has signed a deal with @SpaceX for compute capacity at Colossus 1, accessing over 220,000 NVIDIA GPUs, enhancing AI services ahead of SpaceX’s IPO. #Update #AI $BTC $ETH
AI Agents Threaten Ads Killing Internet Business Model
@Coinbase engineering head Erik Reppel predicts AI agents could disrupt the ad-driven web economy, proposing a shift to micropayments via stablecoins and the x402 protocol, potentially creating a $3-$5 trillion market. #Update #Crypto $USDC
NYSE Warns Retail Traders on Synthetic Tokens
@IntercontinentalExchange, @OKX, and @Securitize caution that synthetic tokenized stocks pose risks to retail traders as ICE advances a regulated platform for U.S. equities #Update #Crypto $USDT
DeFi Survives Stress Test Without Failures
DeFi’s recent stress test concluded without significant issues, indicating resilience in the ecosystem. No major disruptions were reported. #Update #Crypto
OKX Launches OpenAI SpaceX Perpetual Futures
@OKX plans to launch perpetual futures for private companies like @OpenAI and @SpaceX, enhancing pre-IPO speculation markets on-chain. This follows similar moves by Bitget and Injective. #Update #Crypto $BTC $ETH
North Korea Victims Seize $71 Million from Aave Hack
Lawyers for North Korean terror victims have shifted their strategy, arguing that the $71 million in frozen ether from the Aave exploit was fraud, not theft, challenging Aave’s legal standing. #Update #Legal $AAVE
Bitcoin Surges to $81K Amid Dividend Strategy
Bitcoin $BTC surged past $81,000, gaining 6.7% weekly. @MicroStrategy may sell some BTC to fund dividends after a $12.54 billion Q1 loss. Other cryptos like $SOL and $DOGE also rose. #Update #Crypto $BTC