Crypto Industry News & Market Trends

Apple to pay $250M to US iPhone buyers over AI lawsuit

Tech　　Apple to pay $250M to US iPhone buyers over AI lawsuit　　Apple (NASDAQ: AAPL) has agreed, without admitting guilt, to pay some iPhone buyers in the United States a total of $250 million to end a class action lawsuit accusing the company of misleading consumers about new artificial intelligence (AI) features and capabilities.　　In a settlement filed on May 5 in the U.S. District Court for the Northern District of California, Apple agreed to set up the multi-million dollar settlement fund, from which it will pay between $25 and $95 to some users in the U.S. who bought an iPhone 15 and iPhone 16 between June 2024 and March 2025. According to some estimates, roughly 36 million devices are covered by the lawsuit, representing units sold in the U.S. during that period.　　The consolidated suit was brought back in March 2025 by 65 purchasers of the iPhone 16 and certain models of iPhone 15, who alleged that Apple violated consumer protection laws when it advertised its new generation of iPhones as a breakthrough in AI, including significant enhancements to Siri, iPhones digital assistant.　　“Apple introduced Enhanced Siri features as part of ‘Apple Intelligence,’ a suite of AI-powered features for certain iPhone, iPad, and Mac

05-08Industry

X Adds Live XRP Charts via Cashtags, Turning Posts Market Hub

Tech　　X Adds Live XRP Charts via Cashtags, Turning Posts Market Hub　　Social Media Platform X Turns Every XRP Post Into a Live Trading Hub　　Social media platform X, formerly Twitter, has rolled out a significant upgrade for crypto and finance users by embedding live price charts and real-time market data directly into posts through its Cashtag feature.　　Although the update spans multiple financial assets, are quickly emerging as one of the biggest beneficiaries, turning ordinary posts into live market-tracking hubs for the assets highly active community.　　Cashtags function much like traditional hashtags, but instead of the “#” symbol, they use a dollar sign tied to an asset ticker like $XRP.　　As a result, instantly pulls up real-time market data, trending discussions, and now, embedded live price charts directly within Xs timeline experience.　　The update signals a major evolution in how crypto conversations happen online. For years, X has served as the internets real-time hub for breaking crypto news, market speculation, and investor sentiment. But users still had to jump to external platforms like TradingView, CoinMarketCap, or exchange apps to confirm price movements. That friction has now disappeared.　　By embedding live XRP charts directly into posts and discussions, X is transforming from a platform where crypto is simply

05-08Industry

Presale Analytics Reveal Ozak AI Is Attracting New Capital at a Rate 3.4× Higher Than Comparable AI Tokens Under $0.05

In a market where early traction frequently dictates long-term potential, Ozak AI is establishing itself as a prominent contender. According to recent presale data, Ozak AI is attracting new investor capital at a rate 3.4 times higher than competing AI tokens priced below $0.05. This increased inflow reflects growing confidence in the project‘s AI-driven vision on transforming the view of financial markets among early investors and emphasizes Ozak AI’s expanding awareness in the AI-blockchain market.　　Presale Momentum: 3.4× Faster Capital Inflow vs. -$0.05 AI Tokens　　Ozak AI continues to show great presale momentum in its later stages, particularly Phase 7, as it prepares for its primary launch, which is just days away. The token is currently trading at $0.014, a 1,300% increase over Phase 1 pricing. This means early investors are already witnessing 14x gains.　　The presale raised more than $5 million, with over 1.18 billion OZ tokens sold. Normally, the AI tokens under $0.05 could generate around $100,000 per week, but Ozak AI attracts over $340,000 every week, resulting in a 3.4x faster capital inflow during the same timeframe.　　Also, the presale participation has increased dramatically in recent weeks. With a fixed listing price of $1, investors can expect up to 71× profits.

05-08Industry

ECB chief Christine Lagarde raises fresh concerns over euro stablecoins

European Central Bank President Christine Lagarde has intensified her opposition to euro-denominated stablecoins, warning that the risks to financial stability and monetary control outweigh any benefit to the euros international role.Christine Lagarde said euro stablecoins pose risks to financial stability and monetary policy transmission in the euro area.The ECB president backed tokenized settlement systems such as Pontes and Appia instead of privately issued euro stablecoins.　　Speaking Friday at the Banco de Espana LatAm Economic Forum in Spain, Lagarde argued that Europe does not need to replicate the stablecoin models that have emerged around the U.S. dollar. She said the technological benefits tied to blockchain-based payments can instead be delivered through public infrastructure supported by central bank money.　　“The case for promoting euro-denominated stablecoins is far weaker than it appears,” Lagarde said during the event.　　Her remarks targeted growing calls within Europe to develop a local stablecoin ecosystem under the EUs Markets in Crypto-Assets Regulation framework. Bundesbank President Joachim Nagel publicly supported that idea earlier this year, while several European banks and payment firms have already started preparing regulated products.　　Lagarde separated what she described as the monetary role of stablecoins from their technological use. According to the ECB president, reserve-currency expansion tied to privately

05-08Industry

Bithumb To Halt XEC Deposits And Withdrawals For Network Upgrade On May 15

Bithumb, one of South Koreas largest cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for eCash (XEC) starting at 8:00 a.m. UTC on May 15. The halt is scheduled to support an upcoming network upgrade for the eCash blockchain.　　Details of the Suspension　　According to the official notice from Bithumb, the suspension will affect all XEC deposit and withdrawal services. The exchange has not yet specified the exact duration of the downtime, but such network upgrade-related halts typically last between a few hours to a full day, depending on the complexity of the upgrade and network stability. Users are advised to complete any pending XEC transactions before the cutoff time to avoid delays.　　What Is eCash (XEC)？　　eCash, formerly known as Bitcoin Cash ABC, is a cryptocurrency that emerged from a hard fork of the Bitcoin Cash network. It aims to provide fast, low-cost transactions and is built on a proof-of-work consensus mechanism. Network upgrades are routine events for blockchain projects, often introducing new features, security enhancements, or protocol improvements. The specific changes planned for this upgrade have not been detailed by the eCash development team as of press time.　　Implications for Traders and Holders　　For XEC holders on Bithumb, the suspension means

05-08Industry

Arbitrum DAO Votes to Unlock $70 Million for Kelp DAO Exploit Relief

In briefArbitrum DAO has voted in favor of releasing 30,765.67 ETH to a recovery address controlled by Aave, KelpDAO, EtherFi, and Certora.A U.S. court dispute could still complicate the transfer, after plaintiffs with judgments against North Korea sought to restrain the assets.Legal experts warn that executing the DAO vote now risks contempt of court for anyone in the execution chain reachable by U.S. jurisdiction.　　Arbitrum DAO passed a governance vote on Thursday approving the release of roughly $70 million in frozen ETH to a coordinated recovery effort aimed at making victims of the Kelp DAO rsETH exploit whole, though a U.S. federal court order could still block the transfer.　　The proposal, co-authored by Aave Labs, KelpDAO, LayerZero, EtherFi, and Compound, passed with 182.2 million votes in favor, about 90.96%, against negligible opposition.　　The 30,765.67 ETH was frozen by the Arbitrum Security Council last month, days after an attacker exploited a flaw in Kelps LayerZero-powered cross-chain bridge, releasing 116,500 rsETH on without a corresponding source-side burn.　　The attacker then used the unbacked rsETH as collateral on Aave to drain roughly $230 million in ETH belonging to protocol users.　　What next？　　The vote settles where the funds will go, approving their transfer to a 3-of-4 Gnosis Safe controlled

05-08Industry

Cloudflare shocks Wall Street with AI layoffs despite earnings beat

Cloudflare shares fell sharply in after-hours trading on Thursday after the cloud infrastructure company announced major layoffs tied to its push into artificial intelligence.Cloudflare shares fell about 18% after the company announced plans to cut more than 1,100 jobs as part of an AI-focused restructuring.The company reported Q1 revenue of $640 million and adjusted EPS of $0.25, both above Wall Street expectations.Cloudflare said internal AI usage surged over 600% in three months as tech firms increasingly reorganize operations around automation and AI tools.　　According to recent reports, the stock dropped about 18% even after Cloudflare reported first-quarter earnings and revenue that topped Wall Street expectations.　　The company posted revenue of $640 million for the quarter, up 34% from a year earlier and above analyst estimates of $622 million. Adjusted earnings came in at $0.25 per share, also ahead of expectations. However, investors focused instead on Cloudflares decision to cut more than 1,100 jobs globally, or roughly 20% of its workforce, as part of what it called an “agentic AI-first operating model.”　　Chief executive Matthew Prince said Cloudflares internal AI usage has jumped more than 600% over the past three months. According to the company, thousands of AI agent workflows are now being integrated

05-08Industry

SIREN rallies 61% in a week - Technical factors pushing the token to $2

After diving below the $0.225 swing low, SIREN bulls managed to break the $1.88 local high. In recent days of trading, the $0.89 local resistance has also been pushed aside.　　The $1.88 break, retracement, and now the recent bullish momentum make it seem like SIREN has a bullish structure. This argument gains strength when you consider that, after breaking below $0.225, the memecoin has not set a new swing low.　　Meanwhile, the OBV continued to climb higher, and the RSI was also above neutral 50. The OBVs ascent, in particular, suggests that the selling pressure in late March has since been erased, and buyers have the upper hand.　　Traders call to action – Remain fluid　　Technically, the swing structure was bearish, but the OBV hinted otherwise. Traders can use the current momentum to ride the rally higher, to the $1.9-$2.0 resistance zone. Betting on further gains might be dependent on the reaction around $2.　　If the buyers can flip this region to support, and there are no volume or momentum divergences on the higher timeframe charts, the rally might have more room to grow.　　Traders will have to wait and watch, but in the short term, they can expect a move toward the $2 highs once

05-08Industry

Bitcoin Supply Shock: 100K BTC Vanish From Exchanges

They say journalists never truly clock out. But for Christian, that‘s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.　　Christians journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).　　Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his

05-08Industry

BTC falls under $80K as Bitcoin ETFs record first May outflows

U.S.-listed spot Bitcoin ETFs recorded $277.5 million in net outflows on Thursday. Spot Bitcoin ETFs recorded $277.5 million in outflows, ending five days of strong inflows Thursday.Fidelity and BlackRock led redemptions as Bitcoin slipped below $80,000 during volatile intraday trading sessions.Morgan Stanleys MSBT still attracted inflows, showing uneven demand across U.S. Bitcoin ETF products Thursday.　　The move ended a five-day inflow streak worth nearly $1.7 billion, according to SoSoValue data.　　The reversal came as Bitcoin fell below $80,000 after trading above $82,000 a day earlier. Current market data showed Bitcoin (BTC) near $80,000, after an intraday low of $79,250.　　Fidelity and BlackRock lead outflows　　Fidelity‘s Wise Origin Bitcoin Fund led the daily redemptions with $129 million in outflows. BlackRock’s iShares Bitcoin Trust followed with $98 million in outflows, based on Farside figures.　　The outflows showed a sharp change from the early May trend. Bitcoin ETFs had drawn strong demand as Bitcoin reclaimed the $80,000 area and investors returned to spot funds after Aprils recovery.　　Moreover, Morgan Stanleys Bitcoin Trust ETF was one of the few funds to record inflows on the day. MSBT added $7.3 million and has not logged a daily outflow since launching on April 8, 2026.　　The fund has accumulated 2,920 BTC, worth about

05-08Industry

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