Cryptonews

Key Takeaways:

Brad Garlinghouse, CEO of Ripple, recently shared positive news on X (formerly Twitter) about the crypto industry. He believes recent legal rulings and election results are turning the tide in favor of digital assets. Garlinghouse stated that those who strongly opposed crypto – what he called the ‘Anti-Crypto Army’ – have been overcome by both court decisions and voters. He also argued that the strong regulatory resistance to crypto never made sense, suggesting it primarily served to protect outdated and flawed financial systems.

Bitcoin, once among the world’s most valuable assets, has fallen to 13th place in global rankings. It now ranks behind traditional investments like gold, plus companies such as NVIDIA, Apple, and Microsoft, and even silver.

Key Takeaways:

Groq Inc., in a move that screams “we’re totally fine, why do you ask?”, is raising up to $650 million from their current backers to fund this new venture. According to Axios (the gossip column of the tech world), investors like Disruptive and Infinitum are ready to foot the bill, presumably while muttering, “This better work.” The plan? To build AI “neoclouds,” which I can only assume are clouds that wear monocles and sip artisanal coffee.

I was really encouraged by the latest reserve report from Deloitte. It showed a huge jump in the token’s activity – the circulating supply went from $22 million in March to over $140 million by the end of April! That’s over a 540% increase in just one month. What’s even better is that the reserves backing the token grew right along with it, going from $22.2 million to $141.2 million. It’s great to see the token being so well-supported.

Despite a drop in Bitcoin’s price due to higher Treasury yields and signals of a stricter Federal Reserve policy, stocks in the mining and AI infrastructure sectors performed strongly last week, leading the market’s gains.

The program, a marvel of modern ingenuity, permits developers-wallets, Telegram bots, and trading frontends alike-to forge direct connections to the exchange. With the freedom to set their own fees atop the base protocol charge, they retain every last crumb of their earnings. No gatekeepers, no revenue sharing at the protocol level-a true free-for-all where competition thrives on product quality, user experience, and the delicate art of pricing. It is, in essence, a marketplace of entry points, all converging upon the same order book like pilgrims to a shrine.

The Gallic chipmaker, Sequans, has abandoned its Bitcoin treasury strategy with the haste of a socialite fleeing a scandal. Less than a year into this grand experiment, the company has traded its crypto dreams for the prosaic task of debt redemption and a refocus on its core business. Oh, the irony of it all!

On a fateful Thursday afternoon, Hyperliquid’s SPACEX-USDH perpetual contract suffered a cataclysmic flash crash, plunging from its lofty perch of $2,277 to a lowly $1,254-a near-45% collapse-within a single 30-minute window. It then partially recovered to $2,169, but the damage was done. The move liquidated 405 users across 1,393 positions, wiping out $1.51 million in notional value, as the data from Hyperliquid doth reveal.