Crypto Industry News & Market Trends

Charles Hoskinson slams lawsuit targeting dormant Bitcoin wallets

Cardano founder Charles Hoskinson has criticized a New York lawsuit that seeks legal ownership of thousands of dormant Bitcoin wallets.A New York lawsuit seeks ownership of 39,069 dormant Bitcoin wallets under lost-property law.The wallets reportedly hold about 3.7 million BTC, including Satoshi-linked and Mt. Gox-linked addresses.Charles Hoskinson criticized the case, arguing inactivity should not equal abandonment in self-custody.　　The case has drawn attention because it tests whether inactivity in a self-custodied wallet can be treated as abandoned property under state law.　　New York lawsuit targets dormant Bitcoin wallets　　A plaintiff using the name Noah Doe filed the case in the Supreme Court of the State of New York on May 1, 2026. The lawsuit asks the court to declare ownership of 39,069 dormant Bitcoin wallet addresses.　　According to reporting on the filing, the plaintiff claims he used an algorithm to identify wallets that had shown no activity for at least five to six years. The addresses were later reported to the NYPD as found property.　　The lawsuit cites New York Personal Property Law Article 7-B, which deals with found and abandoned property. The complaint says notices were sent through OP_RETURN messages, a public webpage, and a press release.　　Some wallets were removed from the list after

05-28Industry

How A New Game Could Decide Who Is The Next James Bond

Yesterday , the latest James Bond video game, was released by developer IO Interactive. In light of much of the media coverage, you could be forgiven for thinking it was a new movie.　　Not only has the game been covered by major mainstream print, online and broadcast news outlets all over the world, it has been widely billed as the latest instalment in the Bond franchise. There are a number of driving forces behind this excited exaggeration.　　The first is a drought of Bond-related content as it has been five years since the release of the previous film in the series, . The movie was Daniel Craig‘s last outing as the super spy and since then Bond’s world has been turned upside down.　　The upheaval began in March 2022 when Amazon paid $8.5 billion for storied studio MGM giving it rights to the Bond movies. However, Amazon couldnt freely develop future films as longtime stewards Barbara Broccoli and Michael G. Wilson remained in charge. So the tech titan had to shell out even more money and in February last year bought creative control from them for an estimated $1 billion, not the $20 million that was widely misreported as this article explained.　　Cutting no

05-28Industry

Internet Computer up 12% after massive short liquidations - Is $4 next for ICP?

Internet Computer [ICP] is up more than 12% in the past 24 hours, coming in third among CoinMarketCaps top 100 cryptos by gains. The decentralized AI compute play mainly drove the altcoin.　　Additionally, technical breakout, network activity, and a short squeeze have had a hand in the days rally.　　ICP bulls return, eyeing $4—is it possible？　　The daily price action chart has surged above the range consolidation that had kept ICP between $2 and $2.80 since February. Following a breakout in the first week of May, Internet Computer rallied above $4 but has been in a correction for the past two weeks.　　The correction appears to have ended at around $2.50, where it consolidated for around 10 days. Consequently, ICP broke above this range again.　　The MACD bars have shown seller exhaustion, with the signal and MACD line crossover suggesting bulls return. The Average Directional Index (ADX) is at 19 and stabilizing, confirming this bullish outlook.　　Source: ICP/USDT on TradingView　　As bulls reclaim the $3 mark, more capital inflows would push it toward $4. This was more likely if the altcoin stayed above the three-month consolidation market. Otherwise, the sideways consolidation may persist.　　A spike in short liquidations　　Another factor that drove the prices of Internet Computer was the

05-28Industry

CatFi Creators Charged Over $600K Solana Meme Coin Rug Pull

South Korean prosecutors charged five people linked to the CatFi meme token.The creators are accused of causing 900 million won, or about $600,000, in damages to 256 investors.The case marks South Koreas first rug pull prosecution under its new Virtual Asset User Protection Act.　　South Korean prosecutors have charged five people accused of running a CatFi meme coin rug pull that allegedly caused about $600,000 in losses to 256 investors. The case has drawn attention as the first time prosecutors have used South Koreas new Virtual Asset User Protection Act against an alleged rug pull.　　CatFi launched on the Solana token launchpad Pump. fun in February 2025. After prosecutors announced the charges, the dormant token jumped nearly 6,000% as traders attempted to revive what remained of the project.　　CatFi Creators Face Rug Pull Charges　　The Seoul Southern District Prosecutors Office said five defendants created and promoted CatFi before allegedly dumping large token holdings on buyers. Prosecutors calculated investor damages at 900 million won, or about $600,000, while the defendants allegedly gained more than 400 million won, equal to around $267,000.　　CatFi reportedly reached an $8.37 million market capitalization shortly after launch before collapsing to about $12,170 within hours. Prosecutors described the sharp crash as the

05-28Industry

Best Buy (BBY) Q1 2027 earnings

A person walks outside a Best Buy store on May 29, 2025 in Chicago, Illinois.　　Scott Olson | Getty Images　　on Thursday reported first fiscal-quarter results that beat expectations on the top and bottom lines as the electronics retailer tries to break out of a sales slump.　　The company said revenue climbed slightly, driven by comparable sales growth of 2%. It reaffirmed its full-year guidance of revenue between $41.2 billion and $42.1 billion, in addition to adjusted earnings per share of $6.30 to $6.60. It expects comparable sales in the range of a decline of 1% to an increase of 1%.　　The company said its biggest growth drivers in the quarter were gaming, computing, mobile phones and services, which were partially offset by a decline in sales of appliances.　　Shares of Best Buy rose roughly 7% in premarket trading.　　“Our comparable sales grew 2% versus last year, higher than our outlook, with positive comps across the majority of our major product categories and strong performance in our Best Buy Ads and Marketplace initiatives,” CEO Corie Barry said in a release. “We also drove operating income rate expansion and EPS growth.”　　More retailers including and have leaned into advertising and third-party marketplace businesses, which offer sales growth with

05-28Industry

Why is the Pi Network (PI) Price Down This Week

Let‘s have a closer look at the technical indicators, which might give us a clearer idea of why Pi Network’s PI token is performing poorly this week.　　PI failed to hold at $0.16 and is now well on its way to $0.13 next!　　PI Network (PI) Price Predictions: Analysis　　Key support levels: $0.13　　Key resistance levels: $0.16, $0.20　　Key Support About to be Tested　　At a macro level, we can see that PIs price exited a major downtrend in March 2026, when it made a higher high and appeared to have bottomed at $0.13. This could be interpreted as a major pause in the pre-existing downtrend.　　However, this assumption is about to be tested by sellers, who appear determined to revisit the $0.13 support soon. If the price holds there again, PI may range between $ 0.13 and $ 0.20 for some time. Any failure will lead to new lows and a resumption of the downtrend.　　Source: TradingViewWill $0.13 Hold？　　The biggest question, based on this chart, is if the key support at $0.13 can stop this renewed push by sellers. At the time of this post, it is too early to call it, and buyers could return there like in the past.　　Nevertheless, another visit to this level could

05-28Industry

AUD/NZD Faces Corrective Phase, MUFG Analysts Warn

The Australian Dollar is currently undergoing a corrective phase against the New Zealand Dollar, according to analysts at MUFG Bank. The assessment, based on recent currency market movements, suggests a shift in the short-term trend for the AUD/NZD pair, a key cross rate in the Asia-Pacific forex landscape.　　MUFGs Technical and Fundamental View　　MUFGs analysis points to a combination of technical factors and shifting economic fundamentals driving the corrective move. The Australian Dollar had previously strengthened against its Kiwi counterpart, but recent price action indicates a loss of momentum. The analysts note that the corrective phase does not necessarily signal a long-term reversal, but rather a period of consolidation or pullback within the broader trend.　　Key factors influencing the pair include diverging monetary policy expectations between the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ), as well as relative commodity price movements and risk sentiment in global markets. The Australian Dollar is often sensitive to iron ore and coal prices, while the New Zealand Dollar is closely tied to dairy and agricultural exports.　　Implications for Traders and Investors　　For forex traders and investors with exposure to the Australian and New Zealand Dollars, this corrective phase presents both risks and opportunities.

05-28Industry

Five Crypto Investments Under $1,000 That Could Deliver Life-Changing Returns by 2027

For many investors, the idea of “life-changing returns” feels out of reach in a market now dominated by trillion-dollar assets. Yet history shows that some of the biggest crypto success stories started with relatively small positions placed early, long before mass adoption arrived. As the next market cycle takes shape, a growing number of investors are asking a simple question: where can a sub-$1,000 investment still make a meaningful difference by 2027？　　Here are five crypto projects—ranging from early-stage innovators to established leaders—that analysts believe could deliver outsized returns if adoption trends continue.　　Ozak AI ($OZ): Early-Stage AI With Asymmetric Upside　　Ozak AI stands out as the only presale project on this list, and for many investors, thats exactly the appeal. The project launched its presale at $0.001 and has now reached Phase 7 at $0.014, marking a 1,300% increase since inception. Despite broader market volatility, Ozak AI has raised over $7 million, with more than 1.2 billion tokens sold, signaling sustained demand.　　Ozak AI is building an AI-powered market intelligence platform that analyzes real-time data across crypto and traditional financial markets. Its Ozak Stream Network feeds live data into predictive AI models running on decentralized physical infrastructure (DePIN). Users can deploy custom prediction

05-28Industry

UK eyes A7A5 stablecoin, Huobi/HTX for Russian sanctions case

The United Kingdom is punishing a ruble-backed stablecoin issuer and the HTX digital asset exchange for assisting Russias efforts to evade economic sanctions imposed following the 2022 invasion of Ukraine.　　On May 26, the U.K. governments Foreign, Commonwealth what assets are accepted as stablecoin reserves; whether to anchor stablecoins within existing regulations or create bespoke rules; and what jurisdictions permit and prohibit within their borders.　　We encourage you to read the whole document, but we‘ll briefly summarize the paper’s recommendations.　　First, echoing the BoEs concerns regarding the need for international stablecoin standards, ECRI believes “an architecture of mutual recognition” (aka accepting foreign-issued stablecoins alongside locally-issued tokens) is possible without countries having to choose between “full insulation and unrestricted openness.”　　Two-tier approaches—like the U.K.s plan to restrict domestic payments to U.K.-issued sterling-backed stablecoins while permitting the use of other stablecoins for cross-border transfers—will “address the risks regulators care about in a targeted way, preserve the global fungibility on which the principal use cases depend, and create a meaningful incentive to local issuance without resort to exclusion.”　　Second, regarding fiat reserves, the ECRI notes that none of the seven markets treat the issue the same, and while that remains their right, “regulators should articulate their reserve-composition choices

05-28Industry

How AI Can End Recessions As We Know Them

Ken Griffin wasn‘t buying the AI panic. At Davos in January, the billionaire founder of Citadel, the Miami hedge fund giant with $68 billion in investment capital, dismissed artificial intelligence’s output as “garbage.”　　Then this month, Griffin did a 180. He watched AI agents do complex work in hours that once took Citadel employees weeks or even months. Citadels entire business is built around hiring brainiacs. More than 40% of its employees hold advanced degrees, including about 270 Ph.D.s across 40 fields. These are some of the highest-paid workers in America –the median annual compensation for software engineers at Citadel is more than $500,000– and software that can replace even part of that labor could save firms like Citadel enormous amounts of money. Griffin still said he went home depressed because machines were starting to do work that once only those people could do.　　Economists may soon face a strange problem. Businesses grow. GDP rises. Profits stay strong. But the jobs don‘t come along for the ride. If AI allows companies to produce more with fewer workers, America could end up looking richer on paper while millions of households feel poorer in real life. An economy with rising GDP and 8% unemployment

05-28Industry

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