Crypto Industry News & Market Trends

Cybercrime Might Be the One Job AI Isn’t Taking, Study Suggests

Cambridge, Edinburgh, and Strathclyde researchers analyzed 97,895 cybercrime forum threads posted after ChatGPTs launch.“Dark AI” tools like WormGPT generated cultural buzz but produced almost no working malware, while jailbroken chatbots are increasingly hard to keep working for more than a few days.The biggest measurable AI-driven crime is not hacking. It is mass-produced SEO spam, romance scams, and AI-generated nudes sold for a dollar each.　　For three years, cybersecurity firms, governments, and AI labs have warned that generative AI would unleash a new generation of supercharged hackers. According to a new academic paper that actually went and looked, the supercharged hackers are mostly using ChatGPT to write spam and generate nudes for fun.　　The study, titled Stand-Alone Complex or Vibercrime？, was published on arXiv by researchers from Cambridge and other universities and aims to understand how the cybercrime underground is actually adopting AI, not how cybersecurity vendors say it is.　　“We present here one of the first attempts at a mixed-methods empirical study of early patterns of GenAI adoption in the cybercrime underground,” researchers wrote.　　The team analyzed 97,895 forum threads posted after ChatGPT launched in November 2022, drawn from the Cambridge Cybercrime Centres CrimeBB dataset of underground and dark web forums. They ran topic

05-06Industry

Solana Market Structure Warns Of More Downside Despite Oversold Conditions

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.　　My parents are literally the backbone of my story. They‘ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.　　I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.　　When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.　　Trust me, I‘ve had my share of experience with the ups and downs in the market but I never for once lost

05-06Industry

Wormhole Launches Canonical TAO on Solana Network

Tech　　Wormhole Launches Canonical TAO on Solana NetworkWormhole enabled a canonical bridged version of TAO for native trading on the Solana blockchain.The Solana Foundation marked the activation during the Accelerate USA conference.TAO can now trade on Solana-based platforms, including Jupiter and Meteora.Users can access and store TAO through Phantom and Solflare wallets.Wormhole powered the activation through its Sunrise asset gateway platform.　　Solana confirmed that TAO, the native token of Bittensor, now trades natively on its blockchain. The Solana Foundation marked the activation by ringing an opening bell at its Accelerate USA conference. Wormhole Labs enabled the launch through its Sunrise platform, according to Edward Zuo.　　Wormhole Enables Canonical TAO Access on Solana　　Wormhole activated a canonical bridged version of TAO for trading on Solana. The Sunrise platform powered the deployment and provided direct liquidity from launch. Edward Zuo told The Block that TAO can now “trade natively” across the network.　　As a result, users can access TAO through Jupiter and Meteora. They can also store and swap the token using Phantom and Solflare wallets. The system allows trading pairs against SOL, USDC, and JUP.　　Wormhole stated that its Native Token Transfers system avoids traditional wrapped token models. Instead, it locks or burns tokens on the source

05-06Industry

GENIUS Act: Circle Seeks Clear Divide Between Payment Stablecoins and Tokenized Deposits

USDC issuer Circle has submitted a comment letter on the Office of the Comptroller of the Currency‘s (OCC) proposed rulemaking to implement the GENIUS Act. The stablecoin issuer also highlighted other core principles, such as a level playing field for all issuers, in its response to the OCC’s framework for the crypto bill.　　Circle Submits Comment Letter On OCCs Proposed GENIUS Act Framework　　In a blog post, Circle revealed that it had submitted comments to the OCC on its proposed rule implementing the GENIUS Act. The firm went further to highlight a number of technical areas of feedback in its comment letter, which it noted focus on core principles such as a clear distinction between payment stablecoins and tokenized deposits.　　The USDC issuer said that there should be no confusion between payment stablecoins and tokenized deposits. Circle said that they serve different purposes, which is why the OCC shouldnt treat them as interchangeable payments and settlement assets.　　Circle further noted that Congress has explicitly excluded tokenized deposits from the GENIUS Act because payment stablecoins are built for broad transferability and settlement. On the other hand, these tokenized deposits are digital representations of bank liabilities. “Tokenized deposits raise different questions that require their own regulatory

05-06Industry

XRP’s 70-Day Range Signals Potential Breakout to $2.03

XRPs 70-Day Consolidation Hints at a Potential Breakout Toward $2.03　　XRP has been locked in a tight 70-day consolidation, testing the patience of short-term traders while quietly setting the stage for a potential breakout.　　Market analyst VinCoop points to this as a classic precursor to a sharp move, with May shaping up to be a pivotal month that could define XRPs next major trend.　　At the heart of the setup is the monthly Bollinger Bands midpoint, sitting around $2.03, a level the analyst views as the dividing line between prolonged consolidation and a broader bullish breakout.　　With XRP per CoinCodex data, reaching that mark would mean a roughly 45% climb.　　Source: CoinCodex　　While steep at first glance, such moves arent unusual after extended periods of tight price action, where suppressed volatility often gives way to sharp expansion.　　On the daily chart, XRP is still hugging the lower boundary of its range, signaling lingering downside pressure. Nevertheless, this zone often marks the final stage of accumulation because the longer the price holds without breaking lower, the more tension builds for a sharp move.　　Right now, as the critical resistance level. A clean, decisive push above it could flip the short-term structure and trigger a fast move toward higher technical

05-06Industry

Anthropic expands Claude into finance workflows with Microsoft 365 integration

Anthropic launched ten new Claude agent templates for financial services, expanding the AI assistant into some of the sectors most time-consuming workflows, including pitchbook creation, credit memos, KYC reviews, financial modeling, and month end close.　　The templates are available as plugins in Claude Cowork and Claude Code, and as cookbooks for Claude Managed Agents, allowing financial teams to deploy Claude on real work in days rather than months.　　Each template combines task specific skills, governed data connectors, and subagents designed to handle specialized work such as comparables selection, methodology checks, and document review.　　The new agent lineup includes pitch builder, meeting preparer, earnings reviewer, model builder, market researcher, KYC screener, valuation reviewer, general ledger reconciler, month end closer, and statement auditor. Anthropic said the agents can be adapted to a firms internal modeling conventions, risk policies, and approval processes.　　The launch also pushes Claude deeper into Microsoft 365. Claude now works directly in Excel, PowerPoint, and Word through add ins, with Outlook support coming soon. In Excel, Claude can build financial models from filings and data feeds, audit formulas, and run sensitivity analyses. In PowerPoint, it can draft decks that update when underlying numbers change. In Word, it can edit credit memos against firm

05-06Industry

Sam Bankman-Fried FTX Venture Bets Could Have Hit $100B

Tech　　Sam Bankman-Fried FTX Venture Bets Could Have Hit $100BFTX-linked portfolio tied to Bankman-Fried could be worth nearly $100B based on early venture bets.Investments in Anthropic, Cursor, and Solana surged after the collapse, but assets were liquidated in bankruptcy.Legal fallout continues as court rejects retrial bid while attention grows on lost venture value.　　A convicted crypto fraud case in the United States is back in focus after new estimates valued Sam Bankman-Frieds former venture portfolio at nearly $100 billion. The figures point to early investments linked to FTX and Alameda Research that spread across major tech and crypto companies before the exchange collapsed in 2022.　　A Forbes report says that before FTX failed, Bankman-Fried used Alameda Research to invest in several fast-growing companies. His bets included Anthropic, Cursor, Robinhood, and Solana, along with indirect exposure to SpaceX through K5 Global.　　Besides crypto trading activity, Alameda also placed capital into early-stage tech firms. As a result, several of those companies later expanded sharply, pushing the paper value of those early stakes much higher in hindsight.　　Early Bets That Reshaped Valuation Outlook　　Investors and experts point to how those assets performed after the FTX collapse. Anthropic‘s valuation rose sharply as demand for artificial intelligence accelerated, while Cursor also

05-06Industry

Why Is MemeCore Up 20% Today?

MemeCore (M) price jumped more than 20% on May 5, climbing to around $3.45 after a sharp correction from its April all-time high. MemeCore is up because meme coin demand rotated back into high-volatility tokens after a sharp April selloff.　　Other high-risk meme assets also rallied in recent weeks, including PENGU and SkyAI. That suggests M is benefiting from sector rotation rather than leading a new trend on its own.　　MemeCore Price Chart on May 5. Source: CoinGeckoMemeCore Price Is Bouncing After a 49% Drop　　The biggest reason MemeCore is up today is simple: the token was heavily oversold.　　M dropped from $4.82 to $2.45 in just ten days. That kind of move often creates a short-term rebound, especially when traders rotate back into volatile meme coins.　　Memecore Price 4H Chart: TradingView　　The current rally is therefore partly a recovery trade. Buyers are stepping in after a deep pullback, while short-term traders are chasing momentum across the meme sector.　　This matters because a bounce after a large selloff is different from a confirmed breakout. A true breakout usually needs strong volume, clear demand, and a clean move above resistance. MemeCore has not shown all of that yet.　　Meme Coin Rotation Is Driving M Higher　　MemeCores rally appears tied to

05-06Industry

Prediction Markets See Institutional Entry with First Block Trade

Prediction markets are moving into institutional territory after a major milestone: the first bespoke block trade on Kalshi, a federally regulated exchange. According to a May 4 report by Bernstein, this development underscores growing demand for these markets as tools for precise macro hedging and risk management.　　The transaction, brokered by Greenlight Commodities, involved a Houston-based environmental hedge fund and Jump Trading as the liquidity provider. It was anchored to Californias May carbon allowance auction clearing price, highlighting the customizability of prediction market contracts for specific client needs. Block trades, typically large transactions negotiated privately between institutional players, mark a sharp departure from the retail-dominated roots of prediction markets.　　“The introduction of block trading and bespoke contracts could expand participation from institutional investors seeking targeted exposure to event risks,” Bernstein analysts wrote. Events such as elections, tariffs, and geopolitical developments are now being monetized into structured financial instruments with clear yes-or-no outcomes.　　Regulatory Tailwinds and Institutional Interest　　Kalshi, which operates under the oversight of the Commodity Futures Trading Commission (CFTC), is leading the institutional charge. Recent regulatory shifts in the U.S. have opened doors for broader adoption. Polymarket, another player in the space, received conditional CFTC approval in late 2025 to offer event contracts

05-06Industry

Coinbase taps Centrifuge as preferred tokenization backbone, takes equity stake

Coinbase said Tuesday it had chosen Centrifuge as its preferred tokenization infrastructure and made a strategic investment in the firm.　　Under the deal, Centrifuge is positioned to serve a larger role for tokenized assets across Coinbases ecosystem, including products on Base. The first wave of institutional assets is expected to launch on Base in the coming weeks, the firms said.　　Coinbase‘s push into tokenized capital markets spans ETFs, credit and structured products. The Centrifuge deal gives Coinbase an infrastructure partner for outside asset managers that want to issue products onchain, though it doesn’t appear to be exclusive.　　Coinbase Asset Management said last week it would issue its CUSHY stablecoin credit fund through Superstates FundOS platform, and in March tapped Apex Group to tokenize a share class of its Bitcoin Yield Fund on Base. Coinbase Ventures was also already an investor in Centrifuge, having backed a 2022 strategic round.　　Centrifuge powers onchain strategies for Apollo, Janus Henderson and S&P Dow Jones Indices. It crossed $1 billion in total value locked in mid-2025 and now has $1.66 billion, according to DeFiLlama data.　　The deal comes as tokenized real-world assets have grown to roughly $27 billion onchain. Tokenized treasuries and other fixed income products account for about $16

05-06Industry

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