Crypto Industry News & Market Trends

SUI Surges 40%: Analytics Firm Explains What’s Driving The Rally

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.　　Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.　　In terms of official educational qualifications, Keshav holds a bachelors degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.　　Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.　　Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesnt mean

05-12Industry

General Motors (GM) Stock Declines 4.45% Following Major AI-Driven IT Restructuring

General Motors Company, GM　　Bloomberg initially broke the story, which GM subsequently verified in communications with TechCrunch.　　The company characterized the workforce changes as a fundamental restructuring of its technology operations. “GM is transforming its Information Technology organization to better position the company for the future,” according to an official company statement.　　This represents more than a simple reduction in workforce numbers. Sources with knowledge of the situation informed TechCrunch that the company is simultaneously conducting aggressive recruitment — but for entirely different competencies.　　The positions General Motors is now seeking to fill emphasize AI-native software development, cloud-based infrastructure engineering, data pipeline architecture, machine learning model creation, autonomous agent development, prompt engineering capabilities, and emerging AI-driven workflows.　　Essentially, GM seeks professionals capable of building AI systems from the foundation up — rather than employees who merely utilize AI tools for incremental productivity gains.　　Ongoing Organizational Transformation　　This marks another chapter in GMs white-collar workforce adjustments. Back in August 2024, the automaker eliminated roughly 1,000 software engineering positions while concentrating resources on strategic initiatives.　　Throughout the past eighteen months, General Motors has systematically reduced headcount across numerous departments while reallocating capital toward artificial intelligence and advanced software capabilities.　　The transformation accelerated within GM‘s technology operations following Sterling Anderson’s appointment as

05-12Industry

Michael Saylor defends Strategy’s Bitcoin sales plan amid dividend concerns

Michael Saylor has defended Strategys ability to sell limited amounts of Bitcoin while continuing to expand its BTC treasury, arguing the company should avoid becoming a net seller rather than follow an absolute “never sell” stance.Strategy said limited Bitcoin sales could still support a larger BTC accumulation plan rather than reduce its treasury exposure.Michael Saylor described STRC and MSTR as part of a Bitcoin-backed capital structure built around digital credit and equity products.　　According to comments shared by Saylor on May 10 and statements made during his recent appearance at Consensus in Miami, Strategys Bitcoin strategy now revolves around using its holdings to support a layered capital structure tied to preferred stock products and equity financing.　　Saylor said any future Bitcoin sale would only happen within a larger accumulation cycle.　　“Even if we were to sell one Bitcoin, wed be buying 10 to 20 more Bitcoin,” he said while responding to concerns that Strategy could eventually reduce its exposure to BTC.　　Recent debate around the companys treasury model intensified after Strategy disclosed that its preferred stock products carry roughly $1.5 billion in annual dividend obligations.　　Crypto.news previously reported that the company posted a $12.54 billion net loss during Q1 2026 while holding 818,334 BTC as

05-12Industry

This top UFO stock is up more than 100% in 2026

After suffering a significant drop in late 2021 and spending years without a breakout, the stock of the geospatial intelligence services and Earth observation satellite company BlackSky Technology (NYSE: BKSY) saw significant success in the last 12 months.　　Specifically, after spending multiple years below the $10 mark, the shares of the ‘UFO company’ broke out and rallied 253% between May 12, 2025, and the same date in 2026. A deluge of contracts secured year-to-date (YTD) reinforced the surge, and BlackSky stock is up 117% to $40.68 since January 2: the first regular trading session of the year.　　BlackSky stock price 12-month chart. Source: Finbold　　The shift in the equity market fortunes also translated into strong business results, with the satellite company revealing particularly strong results in its most recent quarterly filing – covering the first quarter (Q1) of 2026 – and led to significant guidance upgrades.　　Heres why BlackSky stock soared 117% in 2026　　Indeed, BlackSky revealed approximately $160 million in various contracts and a likely $90 million contract with the U.S. Air Force (USAF), while reporting $20.8 millon in revenue for Q1.　　Furthermore, Chief Executive Officer (CEO) Brian O‘Toole explained that the company is ’off to a strong start to 2026,‘ before adding that ’demand

05-12Industry

Football Ticket Scams Surge Ahead of 2026 World Cup, Raising New Concerns for Fans

World Cup ticket fraud losses surge as fans rush for limited seats.Fake fan tokens increase financial risks ahead of the FIFA 2026 tournament.Scammers exploit social media hype through fake football ticket sales.　　Football ticket scams have surged ahead of the 2026 FIFA World Cup, as fraudsters intensify efforts to exploit growing fan excitement. Lloyds Banking Group reported a 36% increase in football-related ticket fraud during the current Premier League season. The bank also revealed that overall financial losses climbed sharply compared with last year.　　Besides fake match tickets, investigators now warn about crypto-themed schemes targeting football supporters through fan tokens and tournament-branded digital assets. Authorities expect fraud activity to rise further as millions of supporters search for tickets before the tournament begins next month.　　Lloyds stated that football scams now represent nearly one-third of all ticket fraud cases tracked by the bank. Victims lost an average of £215 per incident, although several supporters reportedly lost much larger sums. Consequently, consumer protection groups have increased warnings around unofficial ticket sales.　　Scammers often advertise fake tickets on social media platforms before shifting conversations to private messaging apps. They usually pressure buyers into making direct bank transfers.　　Once victims send payments, the sellers disappear immediately. Additionally, fraudsters continue

05-12Industry

Pi Networks PI Token Falls Out of Top 50 Alts, Bitcoin (BTC) Stopped at $82K: Market Watch

Bitcoin　　Pi Networks PI Token Falls Out of Top 50 Alts, Bitcoin (BTC) Stopped at $82K: Market Watch　　27 minutes ago　　Bitcoin Ethereum News　　PI has slipped by 6% weekly, which has pushed it further south in terms of market cap placement.　　;　　}　　function loadTrinityPlayer(targetWrapper, theme,extras=“”) {　　cleanupPlayer(targetWrapper); // Always clean first ✅　　targetWrapper.classList.add(‘played’);　　// Create script　　const scriptEl = document.createElement(“script”);　　scriptEl.setAttribute(“fetchpriority”, “high”);　　scriptEl.setAttribute(“charset”, “UTF-8”);　　const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/？themeAppearance=${theme}${extras}`);　　scriptURL.searchParams.set(“pageURL”, window.location.href1);　　scriptEl.src = scriptURL.toString();　　// Insert player　　const placeholder = targetWrapper.querySelector(“.add-before-this”);　　placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);　　}　　function getTheme() {　　return document.body.classList.contains(“dark”) ？ “dark” : “light”;　　}　　// Initial Load for Desktop　　if (window.innerWidth 768) {　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),　　});　　}　　}　　// Mobile Button Click　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),　　});　　}　　function reInitButton(container,html){　　container.innerHTML = + html;　　}　　// Theme switcher　　const destroyButton = document.getElementById(“checkbox”);　　if (destroyButton) {　　destroyButton.addEventListener(“click”, () = {　　setTimeout(() = {　　const theme = getTheme();　　if (window.innerWidth 768) {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if(desktopWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(desktopWrapper, theme,　　}else{　　reInitButton(desktopWrapper,‘’)　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,‘　　});　　}　　}　　} else {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if(mobileWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(mobileWrapper, theme,　　}else{　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,　　});　　}　　}　　}　　}, 100);　　});　　}　　})();　　Bitcoin initiated another breakout attempt in the past 12 hours or so, only to be rejected once again at $82,000 and driven south by more than a grand.　　Most larger-cap alts have

05-12Industry

Binance Leverages AI Tools to Combat Fraud in Crypto Space

Binance, the worlds largest cryptocurrency exchange, is doubling down on the use of artificial intelligence (AI) to protect its users against increasingly sophisticated fraud schemes. As cybercriminals adopt AI tools to design more convincing scams, Binance has responded by deploying its own advanced AI systems to counter these threats.　　Fraud in the cryptocurrency sector has grown more complex, with scammers using AI-generated phishing emails, deepfake videos, and convincing impersonations to target unsuspecting victims. Binances AI-driven security suite is designed to analyze vast amounts of data in real-time, identifying anomalies and suspicious activity across its platform. The exchange has emphasized its commitment to staying ahead of fraudsters, ensuring that user funds and data remain secure.　　One of Binance‘s key tools is its AI-powered risk management system, which evaluates transaction patterns, user behaviors, and other indicators to flag potential fraudulent actions. These systems are supported by machine learning algorithms that improve over time, becoming better at detecting even subtle signs of malicious activity. For instance, Binance’s AI can differentiate between legitimate login attempts and those originating from botnets or hacked credentials, providing an additional layer of protection for its users.　　Crypto-native risks like rug pulls, phishing attacks, and fake token launches are also areas where

05-12Industry

“I Failed Them”: Goliath CEO Apologizes Over $328M Ponzi Scheme

Authorities claim Delgado lured investors with promises of guaranteed monthly returns through crypto liquidity pools, while using investor funds to sustain the scheme and finance luxury spending. Delgado publicly apologized in a televised interview, stating that investors trusted him and that he failed them.　　Ex-Goliath CEO Faces Prison　　Christopher Delgado, the former chief executive of Goliath Ventures, publicly apologized to investors after US prosecutors accused him of operating a massive $328 million cryptocurrency investment .　　In an that aired Monday by ABC-affiliated television station WFTV, Delgado admitted that investors trusted him and said he failed them. He explained that he wanted to speak publicly to share his side of the story “from beginning to end” and express remorse for the financial damage allegedly caused to hundreds of victims.　　Federal prosecutors allege that Delgado orchestrated the scheme between January 2023 and January 2026 by convincing investors to place large amounts of money into what he described as lucrative crypto liquidity pool opportunities. According to investigators, investors were promised guaranteed monthly returns and were told they could withdraw their funds whenever they wanted. Authorities claim those promises were false and that investor money was instead used to sustain the operation and fund a lavish lifestyle.　　The Orlando

05-12Industry

Bitmine ETH buying slows after 5.2 million target

Tom Lee has slowed Bitmine ETH purchases after the firm amassed over 5.2 million tokens and 4.3% of Ethereums supply.Bitmine bought 26,659 ETH last week, worth roughly $63 million, down from over 100,000 ETH in each of the prior three weekly periods.Tom Lee said the previous pace would have taken Bitmine to its 5% Ethereum supply target by mid-July, prompting the slowdown.Bitmine holds over 4.7 million ETH staked, generating an estimated $319 million in annualised staking rewards at current yields.　　Bitmine Immersion Technologies (BMNR) bought 26,659 ETH last week worth roughly $63 million, sharply down from the more than 100,000 ETH it had been acquiring each week for months. The purchase lifted total holdings to over 5.2 million ETH, worth approximately $12.1 billion, making Bitmine the worlds largest Ethereum treasury company.　　Chairman Tom Lee said the firm had deliberately reduced its pace. “We have decided to slow down our pace of weekly accumulation from over 100,000 per week,” he said. “Our previous pace of buys would have us reach 5% by mid-July.”　　Why Bitmine is pulling back on purchases　　Bitmine originally expected to reach its 5% Ethereum supply target in late 2026. The aggressive accumulation pace shortened that timeline to weeks, prompting a reassessment.

05-12Ethereum

Senate Unveils New 309-Page CLARITY Act Draft Before Vote

New CLARITY Act draft has been released which aims at fixing key crypto industry concerns.Ethics rules remains unclear, leaving Democrat support uncertain.Surprise housing bill inclusion adds controversy before vote.　　The US Senate Banking Committee has released a new 309 page draft of the Digital Asset Market Clarity Act, also known as the CLARITY Act, which is setting the stage for Thursdays pivotal markup vote as per well-known crypto journalist Eleanor Terrett. Committee members now have until close of business Wednesday to file for any amendments before the executive session commences.　　The release has come after months of deadlock and negotiations that took place at the last minute. Industry stakeholders are watching closely and are waiting to see if Democrats will support the revised bill or not.　　Stablecoin Yield Compromise Addresses Coinbase CEOs Core Concern　　In the new draft, the stablecoin yield compromise that was negotiated by Republican Senator Thom Tillis and Democratic Senator Angela Alsobrooks has been included. This clause was one of the main objections that was raised by Coinbase CEO Brian Armstrong. He even withdrew his support for the original January markup over this same issue.　　Under the bipartisan agreement, stablecoin issuers cannot pay yield on passive stablecoin balances, which means that there

05-12Industry

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