Author: James Wilson
Bitcoin (BTC) traded near $80,874 on May 10, with an intraday high of $81,026 and a low of $80,237. The move kept BTC close to the $81,000 area after a steady weekly recovery. Summary Van de Poppe says Bitcoin can grind higher while price holds above the 21-MA. The $79K and $76K levels remain key supports for Bitcoin’s short-term structure. CryptoQuant data shows Bitcoin’s aSOPR stayed above 1 for nine straight days. Michaël van de Poppe said Bitcoin’s setup remains simple. In his view, BTC can keep moving higher as long as price stays above the 21-period moving average. Van…
Michael Saylor has moved to clarify Strategy’s position after recent comments raised questions about whether the company could sell part of its Bitcoin holdings. Summary Saylor says Strategy may sell Bitcoin but remain a net buyer over time. Strategy holds 818,334 BTC after reporting a $12.54 billion Q1 loss. Dividend costs and Peter Schiff’s Ponzi claims keep pressure on Strategy’s model. The Strategy co-founder said his well-known “never sell your Bitcoin” line was less precise than the company’s actual policy. He said the clearer position is that Strategy should never become a net seller of Bitcoin. Strategy may sell BTC…
Avalanche founder Emin Gün Sirer has warned that Bitcoin may face a long-term security issue as miner rewards continue to fall after each halving. Summary Emin Gün Sirer says Bitcoin’s future risk may come from falling miner rewards. Up to 20% of Bitcoin miners may be unprofitable. The debate centers on whether fees can replace shrinking Bitcoin block rewards. Sirer argued that Bitcoin’s reward model could become a larger concern than quantum computing or rival tokens. His view centers on whether miners will still earn enough to secure the network when block rewards keep shrinking. Bitcoin’s security budget faces fresh…
Trump Media & Technology Group reported a $405.9 million net loss for the first quarter of 2026, as its Bitcoin and Cronos holdings lost value on paper. Summary Trump Media’s Q1 loss widened as Bitcoin and Cronos holdings fell below purchase prices. The company still reported positive operating cash flow despite large non-cash crypto markdowns. Crypto.news earlier covered Trump Media’s deeper Crypto.com and Cronos treasury strategy. The company said most of the loss came from non-cash charges, including $368.7 million tied to unrealized losses on digital assets, pledged digital assets, and equity securities. It also reported $11.5 million in accreted…
Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more often Summary Oxford Internet Institute researchers tested five AI models and found that warmer-trained chatbots made between 10% and 30% more factual errors. Warmer chatbots were 40% more likely to agree with users’ false beliefs, especially when users expressed vulnerability or emotional distress. OpenAI has already rolled back some warmth-related changes following public concern, but commercial pressure to build engaging AI remains strong. Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more often,…
Anthropic raise talks are targeting a $900bn valuation and up to $50bn in fresh capital, sources told the Financial Times. Summary Anthropic is in talks to raise up to $50bn at a pre-money valuation of $900bn, which would surpass OpenAI’s March valuation of $852bn. The round could close within two months, with Dragoneer, General Catalyst, and Lightspeed among interested investors and a board decision expected in May. Anthropic’s annualized revenue is on track to exceed $45bn, up from $9bn at the end of 2025, driven largely by Claude Code and enterprise adoption. Anthropic raise talks are targeting a $900bn valuation…
JPMorgan AI spending has been reclassified from discretionary innovation to core infrastructure, placing it alongside data centers and cybersecurity in the bank’s budget. Summary JPMorgan reclassified its $2bn annual AI budget from discretionary innovation to core infrastructure, placing it alongside payment systems and cybersecurity in its $19.8bn tech spend. CEO Jamie Dimon says JPMorgan AI deployment has already generated $2bn in operational savings, effectively self-funding the investment across 150,000 employees. The bank runs over 500 active AI use cases in production, including fraud detection that has cut anti-money laundering false positives by 95%. JPMorgan has reclassified JPMorgan AI investment as…
OpenAI has crossed $25bn in annualized revenue and is actively preparing its OpenAI IPO for as early as the fourth quarter of 2026. Summary OpenAI crossed $25bn in annualized revenue in February 2026, up from $6bn at the end of 2024, driven by ChatGPT subscriptions and enterprise adoption. The OpenAI IPO is being prepared with Goldman Sachs, JPMorgan, and Morgan Stanley advising, targeting a potential filing in the second half of 2026. OpenAI is not yet profitable and projects annual cash burn reaching $57bn by 2027, making public capital access a financial necessity rather than a choice. OpenAI has crossed…
A US court has found that Meta’s AI ads tools materially developed fraudulent investment content, stripping Section 230 immunity and exposing the platform to securities fraud claims. Summary In Bouck v. Meta, a Northern California federal court denied Section 230 immunity after finding that Meta’s AI ads tools materially shaped fraudulent investment content rather than passively hosting it. The ruling opens Meta and other platforms to securities fraud claims under Rule 10b-5, where a platform whose AI assembles ad content could be considered the legal “maker” of the fraudulent statement. Alphabet, Snap, TikTok, and X all deploy generative AI in…
Virginia redistricting referendum was struck down 4-3 by the state Supreme Court on May 8, with Democrats immediately filing to appeal to SCOTUS Summary The Virginia Supreme Court ruled 4-3 that Democrats violated procedural requirements when they placed the redistricting amendment on the April ballot. The court found that early voting had already begun when the legislature took its first vote in October 2025, incurably tainting the referendum. Democrats immediately filed to seek emergency relief from the US Supreme Court, warning the ruling silences the will of voters who approved the measure by 52%. Virginia redistricting was struck down 4-3…