'A Hurricane Coming': Bitcoin Could Fall to $10K This Year, Says Bloomberg Analyst
Bloomberg’s Mike McGlone argued that Bitcoin could fall as the crypto market purges market excesses that coincided with the pandemic-era boom. Source: Decrypt
Bitcoin climbs above $70,000 as more contrarian bottoming signs emerge
Sales of bitcoin by prominent holders and executive exits could give hope to the battered crypto sector. Source: CoinDesk
Appeals court blocks New Jersey from shutting down Kalshi's sports markets
The Third Circuit Court of Appeals ruled that New Jersey could not bring an enforcement action against Kalshi, finding that the federal Commodity Exchange Act preempted state gambling laws. Source: CoinDesk
OpenAI’s vision for the AI economy: public wealth funds, robot taxes, and a four-day workweek
OpenAI proposes taxes on AI profits, public wealth funds, and expanded safety nets to address job loss and inequality, blending redistribution with capitalism as policymakers debate AI’s economic impact. Source: AI News & Artificial Intelligence
OpenAI CEO urges U.S. to prepare for AI ‘superintelligence’ risks and gains
The crypto industry faces growing cybersecurity risks as AI tools lower the cost and skill needed to exploit software flaws, with over $1.4 billion in assets stolen last year. Source: CoinDesk
Circle’s Arc Network Reveals Quantum Resistance Plans as Bitcoin, Ethereum Face Threat
Circle’s upcoming Arc blockchain is gearing up for quantum resilience, revealing a multi-step roadmap to prepare for the looming threat. Source: Decrypt
Jamie Dimon says JPMorgan must move faster as tokenization reshapes finance
“A whole new set of competitors is emerging based on blockchain,” said Dimon in his annual letter to shareholders. Source: CoinDesk
Kalshi Scores Biggest Legal Win Yet in Appeals Court Decision Against New Jersey
A panel of appellate judges ruled that Kalshi’s sports wagers should be regulated by the CFTC, not state gambling regulators. Source: Decrypt
IMF Warns Tokenized Finance, Stablecoins Could Amplify Financial Crises
Tokenization moves settlement to machine speed, outpacing the tools regulators use today, the International Monetary Fund said. Source: Decrypt
Startup Battlefield 200 applications open: a chance for VC access, TechCrunch coverage, and $100K
Nominate your startup, or one you know that deserves the spotlight, and finish the process by applying. Selected 200 have a chance at VC access, TechCrunch coverage, and $100K for Startup Battlefield 200. Applications close on May 27. Source: AI…