Crypto Industry News & Market Trends

Nvidia Stock Forecast: NVDA Surges After Record AI Revenue

Tech　　Nvidia Stock Forecast: NVDA Surges After Record AI Revenue　　and rose to $224.05 in after-hours trading on May 20 after the company reported driven by explosive artificial intelligence demand and surging data center sales.　　The AI chip giant posted quarterly revenue of $81.6 billion, up 85% from a year ago, beating its original guidance of $78 billion. Revenue climbed 20% from the previous quarter as hyperscalers and enterprises accelerated AI infrastructure spending.　　The company also announced an additional $80 billion share repurchase authorization and raised its quarterly dividend from $0.01 to $0.25 per share. That combination immediately grabbed Wall Streets attention.　　So what powered the massive quarter？ Nvidias data center business once again carried the company.　　Data Center Revenue Hits New Record　　Nvidia reported record data center revenue of $75.2 billion during the quarter, up 92% year over year and 21% sequentially. Under its previous reporting structure, compute revenue reached $60.4 billion while networking revenue climbed to $14.8 billion.　　The company said AI factory expansion continues to accelerate globally as businesses race to deploy generative and agentic AI systems.　　CEO Jensen Huang described the current AI infrastructure wave as “the largest infrastructure expansion in human history.” He also said agentic AI now performs productive work at scale across

05-21Industry

Microsoft Fox Tempest takedown targets certificate abuse

Tech　　Microsoft Fox Tempest takedown targets certificate abuse　　Microsofts Microsoft Fox Tempest takedown targeted a part of cybercrime that usually stays out of sight: the service layer that makes malware look trustworthy. By disrupting Fox Tempest, seizing infrastructure, and revoking more than 1,000 code-signing certificates, Microsoft moved against a system that allegedly helped hackers dress malicious files up as legitimate software.　　That mattered because victims were not just downloading obvious scam files. Instead, the operation allegedly made fake installers for familiar tools like Teams, AnyDesk, and Webex appear genuine enough to slip past security checks and antivirus protections. In at least one chain described by Microsoft, a bogus Teams installer delivered Oyster malware and later led to Rhysida ransomware.　　The case also shows how modern malware distribution increasingly depends on trusted cloud and signing services. Rather than building everything from scratch, attackers can abuse real platforms to gain credibility fast, then cycle through infrastructure before defenders catch up.　　Microsoft takes down Fox Tempests certificate-abuse service　　Microsoft said it disrupted the Fox Tempest cybercrime service and launched legal action against the people behind it. The operation centered on a malware-enabling service that allegedly provided digitally signed certificates to other threat actors.　　As part of the Microsoft Fox Tempest

05-21Industry

Ripple CLO Alderoty Breaks Down What Clarity Act Really Means for US Market

The legislation received an additional boost from the position of the U.S. administration, which is pushing for the final approval of the Act before Independence Day on July 4.　　Despite successfully passing the Banking Committee and resolving disagreements surrounding stablecoins, one final round of negotiations remains before the full Senate vote. The discussions are focused on ethical standards for government officials and their family members.　　What does the Clarity Act change for Ripple and XRP？　　For Ripples product lineup, the legislation opens a direct gateway to American capital. The compromise reached in Washington regarding payment tokens effectively gives the green light for expanding the RLUSD dollar-backed stablecoin in the U.S. market.　　For XRP, a clear distinction between payment stablecoins and investment assets would legitimize cross-border settlements using the token and fully protect the ecosystem from sudden attacks by U.S. regulators. Ripple would gain predictable rules of the game and the ability to seamlessly connect XRP with the new stablecoin, transforming the United States from a zone of legal risk into the companys main growth driver.

05-21Industry

CFTC Sues Minnesota Over a New State Prediction Market Felony Law

Tech　　CFTC Sues Minnesota Over a New State Prediction Market Felony LawCFTC sued Minnesota over a new law making prediction market activity a felony.CFTC Chair called Minnesotas prediction market law the most aggressive state crackdown yet.The case signals ongoing federal-state clashes over classifying and regulating event contracts.　　According to the Commodity Futures Trading Commissions (CFTC) press release, the CFTC chairman, Michael S. Selig, filed a lawsuit against Minnesota to block a new state law, signed by Governor Tim Walz, that would make operating or assisting in the operation of a prediction market a criminal felony.　　The legislation makes trading or operating event contracts a felony, directly challenging CFTC authority. Minnesota claims it protects citizens from gambling risks, while the CFTC argues it harms farmers and undermines federal markets.　　Selig stated that the law turns “lawful operators and participants in prediction markets into felons overnight” and represents the most aggressive state attempt to shut down CFTC-regulated markets.　　Why the CFTC Is Challenging Minnesotas Prediction Market Felony Law　　The CFTC filed the lawsuit because it considers Minnesotas statute an unconstitutional overreach that intrudes on the agencys exclusive federal jurisdiction under the Commodity Exchange Act. The Minnesota law would make it a felony to create, operate, manage, assist, or

05-21Industry

1 Quadrillion MAPO Minted: Bridge Exploit Crashes Token

Holders and liquidity providers faced immediate losses as trading pairs destabilized.　　MAP Protocol positions itself as a secure infrastructure for BTC, stablecoins, and tokenized assets using light clients and MPC-based verification.　　The bridge flaw exposed gaps in message validation despite these safeguards.　　The project team has not yet issued a formal statement on mitigation steps, such as contract pauses, token blacklisting, or supply adjustments.　　Investors should avoid interacting with MAPO pools or the affected bridges until official updates emerge.　　This event highlights persistent risks in cross-chain infrastructure. As bridge exploits continue in 2026, users and protocols must prioritize audited verification layers and rapid response mechanisms.　　The post 1 Quadrillion MAPO Minted: Bridge Exploit Crashes Token appeared first on BeInCrypto.

05-21Industry

Qivalis Euro MiCA Stablecoin Project Expands to 37 European Banks

This imbalance creates structural risks and strategic vulnerabilities for Europe. Reliance on foreign-issued stablecoins exposes European institutions, corporates, and payment flows to external monetary policy spillovers, dollar liquidity shocks, and counterparty risks outside EU regulatory oversight.　　Whats Next as EU Banks Challenge U.S. Dollar Dominance　　The Qivalis Consortiums growth to 37 banks signals strong institutional momentum for tokenized euro assets and could accelerate adoption of on-chain payments across European commerce and DeFi. It positions Europe to compete more effectively with US-led stablecoin giants while fostering innovation in real-world asset tokenization and digital finance infrastructure.　　Launch remains firmly targeted for the second half of 2026. Once live, the fully regulated, 1:1 euro-backed stablecoin will deliver instant, 24/7 settlement for cross-border payments, tokenized asset transfers and programmable treasury operations, capabilities that today are almost entirely routed through dollar-pegged tokens.　　Furthermore, S&P Global Ratings projected that the euro stablecoin market could grow from about €770 million to as much as €1.1 trillion by 2030, driven by rising institutional demand for on-chain euro liquidity.

05-21Industry

FOMC meeting minutes released for April 2026 record

Tech　　FOMC meeting minutes released for April 2026 record　　The latest FOMC meeting minutes are now out, giving the public an official record of what the Federal Open Market Committee had before it during its April 28-29, 2026 meeting. The Federal Reserve released the minutes on May 20, 2026, following its standard schedule for publishing records from regularly scheduled policy meetings.　　That timing matters because these documents arrive after the headline policy decision, not alongside it. In practice, the Federal Reserve minutes are generally published about three weeks after the day of the policy decision, offering a more detailed look at the meeting record once the initial announcement has already reached markets and the public.　　For readers tracking monetary policy, the release is less about new action and more about official documentation. Here, the Federal Reserves notice was narrowly focused on the publication itself and on when and where the record can be accessed.　　Federal Reserve publishes April FOMC meeting minutes　　The Federal Reserve released the minutes of the Federal Open Market Committee meeting held on April 28-29, 2026. The release date shown is May 20, 2026.　　The publication marks the formal release of the April 2026 FOMC meeting minutes, a standard part of the central bank‘s

05-21Industry

SpaceX IPO Filing Shows Musk Building an AI and Space Infrastructure Giant

In briefSpaceX publicly disclosed its IPO filing ahead of a planned Nasdaq debut under the ticker SPCX.Elon Musk will retain majority voting control through a dual-class share structure.The filing shows SpaceX absorbing X and xAI while spending billions on AI infrastructure and Starship development.　　SpaceX‘s long-awaited IPO filing was released on Wednesday, giving investors their clearest look yet at Elon Musk’s effort to turn the company into a combined space launch, satellite internet, and AI infrastructure business.　　The prospectus does not include a public IPO share price or total offering size, though it assigns a fixed $42.40 per-share value to the 261.8 million shares issued as part of the EchoStar spectrum acquisition. The filing also names Goldman Sachs, Morgan Stanley, Bank of America, Citi, and JPMorgan among the lead underwriters.　　SpaceX initially filed confidentially with the SEC in April, targeting a valuation of $1.75 trillion, making it the largest IPO in history.　　According to the prospectus, the company will use a dual-class share structure that preserves Musk‘s control after the offering. Public investors will receive Class A shares with one vote each, while Musk’s Class B shares carry 10 votes apiece. SpaceX also designated itself a “controlled company” under Nasdaq rules, allowing it to

05-21Industry

Sorted Wallet raises $4.4 million from Tether and Gnosis

Tether and Gnosis have participated in a $4.4 million seed round for Sorted Wallet as the crypto firms continue expanding stablecoin payment infrastructure across emerging markets.Tether and Gnosis have backed a $4.4 million seed round for Sorted Wallet to expand crypto access across emerging markets.Sorted Wallet said its lightweight 10MB app has reached 500,000 downloads across Africa, South Asia, and parts of Central America.Fresh funding is expected to support telecom integrations and new stablecoin payment tools targeting users with low-cost mobile devices.　　According to an announcement shared by Sorted Wallet, the round included $3.4 million in equity funding led by Tether and Gnosis, alongside participation from Movement, Angel Invest Group, and several angel investors, including the founders of RWA.io. Vox Solutions also contributed $1 million in strategic support as part of the funding package.　　“Over the years, digital asset use cases have evolved from trading tools to real-life applications, promoting financial freedom and inclusion. However, to achieve true inclusion, we must reach hundreds of millions of people who cannot afford smartphones or data plans,” Tether CEO Paolo Ardoino said in an accompanying statement.　　Founded in 2022, Sorted Wallet has focused on low-cost mobile access for crypto users in regions where smartphones, data plans,

05-21Industry

Wintermute Launches Armitage as $10B Trading Network Expands Into DeFi Lending

“Yield aggregation brought vaults into the mainstream, but curation has largely meant setting risk parameters and managing business relationships. Armitage is what you get with deep expertise in onchain capital management and security,” said Igor Igamberdiev, Wintermutes head of research and a contributor to Ethereum-focused security initiatives.　　Unlike many existing vault systems, Armitage intends to directly handle liquidations rather than outsource them to third-party operators. Wintermute says its global trading infrastructure gives the platform an advantage in managing collateral positions across multiple markets and chains.　　The firm processes more than $10 billion in average daily across over 70 venues and 10 networks, according to the company. That reach, Wintermute argues, allows Armitage to support a broader range of collateral assets and potentially unlock higher-yield opportunities for depositors.　　Armitage Entry Expands Ecosystem of Specialized Vault Creators　　Morpho, the protocol hosting the initial launch, framed Wintermute‘s entry as part of a growing ecosystem of specialized vault curators. CEO Paul Frambot said, “Every new curator strengthens the network, bringing new strategies, new depositors, and new borrower demand, and having a firm of Wintermute’s caliber join only accelerates that.”　　Armitage vaults will be permissionless and non-custodial, meaning users can deposit or withdraw funds directly onchain without identity verification requirements.

05-21Industry

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