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Sahara AI, an artificial intelligence agent infrastructure company, said May 8 that it built an autonomous AI agent system with global manufacturer Motherson Group to support engineering work. The system, called Industrial Design Agent, is a multimod
XRP’s weak price performance appears to reflect a lack of new investors, according to blockchain analytics firm Glassnode. Glassnode wrote on X on May 7 that the number of newly created addresses on the XRP network had dropped to about 2,700 a day fr
Polygon (POL) has shortened its block generation time for the first time since the network launched. Cointelegraph reported on May 7 that Polygon implemented a network upgrade that reduced block time to 1.75 seconds from 2 seconds. The change gives t
Sui, a layer-1 blockchain network, plans to roll out a fee-free remittance system this year as it pushes to build a global payments network. Adeniyi Abiodun, Sui's chief product officer, told The Block that the company wants to make Sui the foundatio
BlackRock, the world’s largest asset manager, has recommended Bitcoin as a portfolio diversification tool for clients. In a report released on May 7, BlackRock said digital assets including Bitcoin show low correlation with traditional stocks and bon
TD Cowen raised its price target on Strategy, citing a favorable view of the company's Bitcoin accumulation strategy. The Block reported on May 7 that TD Cowen lifted its target to $395 from $385. The bank said Strategy's accelerated issuance of its
US initial jobless claims came in below market expectations last week. The Labor Department said on May 7 that initial jobless claims totaled 200,000 last week. That was 5,000 below economists’ forecast of 205,000 and up 11,000 from the prior week’s
Payward Inc., the operator of US crypto exchange Kraken, is acquiring stablecoin payments infrastructure company Riff Technologies. Payward Co-Chief Executive Officer Arjun Sethi told Bloomberg on May 7 that the company will buy Riff in a deal combin
VanEck offered a bullish outlook for Bitcoin. Cointelegraph reported on May 7 that Matthew Sigel, the asset manager’s head of digital assets research, said in an interview that he expects Bitcoin to reach $1 million within the next five years. Sigel
US authorities are investigating large crude-oil short positions placed just before key announcements by President Donald Trump related to Iran, ABC News reported on May 7. The Justice Department and the Commodity Futures Trading Commission are exami
BNY Mellon has sharply increased its investment in Strategy, the largest corporate holder of Bitcoin. BitcoinTreasuries.net said on May 7 that BNY Mellon recently disclosed the purchase of an additional 101,810 Strategy shares. The purchase was worth
On-chain investigator ZachXBT has criticized LAB, a cryptocurrency project that has surged sharply in recent weeks. In a post on X on May 7, ZachXBT said LAB's founder "says all the right things publicly" while participating in market manipulation on
Nexxus reported consolidated first-quarter revenue of 11.6 billion won ($8.4 million), up 76% from a year earlier, the company said on May 7. Operating profit totaled 132 million won ($95,700). Net loss for the period was 3.04 billion won ($2.2 milli
Coinbase Global Inc., the largest cryptocurrency exchange in the US, has launched gold and silver derivatives. In a post on its official blog on May 6, Coinbase said it introduced perpetual futures linked to gold and silver for eligible traders outsi
Alchemy Pay, a global cryptocurrency payments company, has launched its own mainnet. Binance News reported on May 7 that Alchemy Pay officially launched the Alchemy Chain mainnet, a network optimized for stablecoin payments. Alchemy Chain is designed
Bitcoin (BTC) has maintained its upward momentum after breaking above the key psychological resistance level of $80,000, with $85,000 emerging as the next major hurdle, according to Glassnode. In a report published May 6, the on-chain analytics firm
Virtual-asset businesses will be brought under South Korea's foreign-exchange monitoring regime. The National Assembly on May 7 passed a revision to the Foreign Exchange Transactions Act in a plenary session, with 212 votes in favor and one abstentio
Core Scientific shares fell sharply in after-hours trading after the Bitcoin miner reported a steep first-quarter net loss despite higher revenue. The Block reported on May 7 that Core Scientific posted total revenue of $115.2 million in its first-qu
Concerns are growing that advances in quantum computing could render blockchain cryptography ineffective, underscoring the need for safeguards that would allow users to quickly prove ownership when assets are stolen. Near One, the research and develo
American Bitcoin, a Bitcoin mining company backed by US President Donald Trump’s family, has bought more Bitcoin. BitcoinTreasuries.net wrote on X on May 7 that ABTC had added 300 BTC. That brings ABTC’s total Bitcoin holdings to 7,300 BTC. The compa
Retail investors' 5.991 trillion won in net buying reverses losses South Korea’s Kospi closed at another record high on May 7 after swinging between gains and losses during the session. Retail investors bought a net 5.991 trillion won, helping push t
DeFi platform 1inch said a hacking incident involving liquidity provider TrustedVolumes on May 7 was unrelated to its systems, infrastructure or user funds. In a post on X the same day, 1inch said claims that reports about the TrustedVolumes hack wer
Ships stranded in the Strait of Hormuz may be able to leave the waterway within hours. Saudi outlet Al Arabiya reported on May 7, citing sources, that the US and Iran are discussing a gradual reopening of the Strait of Hormuz and measures to ease the
American Bitcoin Corp., the Bitcoin miner backed by the family of US President Donald Trump, cut its mining costs sharply in the first quarter. CoinDesk reported on May 7, citing company filings, that ABTC's cost to mine one Bitcoin fell to about $36
Bitcoin-backed lending needs to adopt structures familiar to traditional finance to win broader institutional adoption, CoinDesk reported on May 7. Industry executives at Consensus 2026 in Miami said institutional investors favor lending and custody
Blockchain infrastructure company Aptos said May 7 that it will invest $50 million to expand artificial intelligence-based financial infrastructure. The Aptos Foundation and Aptos Labs plan to use the funding to invest in companies focused on AI and
The United Arab Emirates will introduce a real-time conversion system between stablecoins pegged to the dirham and the U.S. dollar, a move aimed at improving payment convenience for institutional investors and maximizing cash management efficiency. A
Bio Protocol, a decentralized science, or DeSci, project, jumped in intraday trading. As of 11:20 p.m. on May 2, Bio Protocol was trading at 91.9 won on Upbit, up 53.85% from the previous day.
A major hack at KelpDAO last month dealt a heavy blow to the cryptocurrency market. Even so, some in the industry say the breach should be viewed as part of DeFi’s path into mainstream finance. KelpDAO was hit last month after 116,500 rsETH, its rest