Latest Crypto News & Market Updates

Crypto ATM Operator Bitcoin Depot Files for Chapter 11 Bankruptcy

Bitcoin Depot has filed for Chapter 11 bankruptcy in Texas federal court and shut down its entire ATM network.The company operated over 9,000 Bitcoin ATM locations across North America before closure.CEO Alex Holmes blamed transaction limits, state bans, and rising litigation costs for the collapse.　　Bitcoin Depot, North Americas largest Bitcoin ATM operator, filed for Chapter 11 bankruptcy protection and shut down its entire network of over 9,000 machines.　　CEO Alex Holmes blamed an increasingly hostile regulatory landscape for the publicly-traded company‘s collapse in a statement, arguing that the regulatory environment for Bitcoin ATM operators operators has “shifted significantly,” rendering Bitcoin Depot’s business model “unsustainable.”　　“States have imposed increasingly stringent compliance obligations, including new transaction limits, and in some jurisdictions, outright restrictions or bans on BTM operations; and operators have faced increasing litigation and regulatory enforcement,” Holmes said, noting that the crackdown has “materially affected Bitcoin Depots business and financial position.”　　The company exhausted other alternatives before seeking court protection, Holmes said, explaining that, “After evaluating all options, we determined to initiate this court-supervised process to facilitate an orderly wind-down of operations and a sale of the Companys assets.”　　The U.S. Bankruptcy Court for the Southern District of Texas will oversee proceedings that include Bitcoin

05-18Industry

Elon Musk and Sam Altman face off in OpenAI lawsuit trial

Two of the most powerful people in artificial intelligence are now sitting across from each other in a federal courtroom instead of a boardroom. Elon Musk and Sam Altman, who co-founded OpenAI with a stated mission to develop AI for the benefit of humanity, are locked in a jury trial that could reshape how the world thinks about nonprofit promises in the age of billion-dollar technology.　　The trial, which began with jury selection on April 27, 2026, in the US District Court for the Northern District of California, centers on Musks allegation that OpenAI abandoned its founding principles. In English: Musk says he gave roughly $44 million to a charity, and that charity turned itself into a profit machine partnered with Microsoft.　　What Musk is actually claiming　　Musk filed the lawsuit on February 29, 2024, naming OpenAI, Altman, and others as defendants. His core argument is straightforward: OpenAI was created as a nonprofit with the explicit goal of pursuing artificial general intelligence, or AGI, for the public good. Instead, Musk alleges, the organization pivoted to a profit-seeking model that benefits insiders and corporate partners rather than humanity at large.　　The approximately $44 million Musk donated to OpenAI forms the financial backbone of his case.

05-18Industry

CoreWeave, Nvidia and Palantir Stocks: Which Is The Better AI Buy?

The AI boom kicked off in May 2023. Thats when AI chip designer Nvidia announced a surprising leap in demand for its graphics processing units – convincing me that the rapid growth in ChatGPT users was evidence of the next big thing.　　While Nvidia leads the pack of publicly-traded AI companies, CoreWeave, which went public in March 2025 by monetizing its stash of GPUs, has also benefited from the growth in spending on AI data centers which train and operate AI chatbots like ChatGPT, Gemini and Claude. Palantir, which uses data analysis to help some government agencies and private companies get their jobs done, is different from Nvidia and CoreWeave because it uses AI chatbots, but does not invent and deploy its own.　　Nvidia, CoreWeave And Palantir At A Glance　　Although Nvidia, CoreWeave and Palantira are leaders in their respective industries, they offer potential investors very different potential rewards and risks.　　The Case For Nvidia (NVDA)　　Nvidia, whose shares have risen 79% in the year ending May 12, is the leader in AI chip design. It competes primarily in the hardware accelerator and semiconductor market, providing the GPUs (like the H100, B200 Blackwell, and Rubin architectures) that AI data centers use to train and operate

05-18Industry

Garlinghouse: Ripple is the Infrastructure for the Internet of Value

Ripple CEO Brad Garlinghouse, during an ‘XRP in a Minute’ segment at XRP Las Vegas, positioned the XRP Ledger as a specialized payment infrastructure capable of settling transactions in three to five seconds for mere fractions of a penny.　　He highlighted its processing of over 4 billion transactions since 2012 and its potential as the foundational layer for the Internet of Value. Garlinghouse emphasized the ledger‘s technical architecture, tracing its origins to former Bitcoin developers, as XRP’s competitive advantage over Ethereum and Bitcoin.　　This approach aims to shift XRPs audience from retail investors to institutional players, such as treasury managers and banks. By framing XRP as a payment infrastructure rather than an investment, Ripple is seeking to engage mainstream financial services and expand beyond niche crypto payments.　　Following Garlinghouses comments, XRP USD is trading at $1.38, down -3.2% on the day amid a broader market-wide cooldown that has wiped more than $100Bn from the total crypto market cap.　　$XRP/USDT 4H Analysis　　XRP is riding an ascending trendline since late March, currently testing that support after a rejection from the $1.48–$1.50 resistance zone　　Key levels to watch:　　– Support: Trendline $1.38　　– Resistance: $1.48–$1.50　　Ripple Architecture and the Internet of Value: How Garlinghouses Payment-Focused Design Philosophy Actually Functions　　The XRP Ledger

05-18Industry

Intel stock just $8 billion away from overtaking Oracle in market cap

American semiconductor giant Intel (NASDAQ: INTC) is closing in on overtaking Oracle (NASDAQ: ORCL) in market capitalization, with the gap between the two technology companies narrowing to just over $8 billion.　　Based on market closing data for May 15, Intel held a valuation of approximately $546.67 billion, compared to Oracles $554.93 billion, a difference of $8.26 billion.　　The gap places Intel at rank 23 among the largest U.S. companies, directly behind Oracle at rank 22.　　The narrowing difference reflects Intel‘s dramatic resurgence in 2026, with the chipmaker’s stock rallying almost 200% year-to-date. As of press time, INTC shares were trading at about $108.　　A major driver behind the rally has been Intels strong first-quarter 2026 earnings report. The company posted revenue of $13.6 billion, beating guidance by roughly $1.4 billion.　　Intels data center and AI segment revenue rose 22% year-over-year, while AI-related businesses now account for nearly 60% of total revenue after expanding 40% annually.　　The report also showed improving profitability, with adjusted gross margins climbing to about 41%, supported by stronger factory yields, tighter cost controls, and improved manufacturing execution.　　At the same time, Intels advanced 18A process node is reportedly progressing ahead of schedule, with improving yields expected to support higher margins and faster production

05-18Industry

Kraken cuts 150 staff amid AI efficiencies, potentially delaying IPO: Report

Crypto exchange Kraken has reportedly laid off some of its staff as a cost-cutting measure, which could delay its planned initial public offering in the US until next year.　　The company, whose corporate name is Payward, laid off about 150 workers due to efficiencies from deploying artificial intelligence across the business, Bloomberg reported on Friday, citing a person familiar with the matter.　　The person said AI is being used more extensively throughout Kraken, but the company is not planning further job cuts at the moment.　　Crypto-related companies have cut more than 5,000 jobs so far this year, with many citing increased efficiencies from AI as a reason for the layoffs. Block Inc. undertook the biggest round of layoffs by a crypto company so far in 2026, cutting 4,000 staff or about half its workforce in February in an AI-driven cutback.　　A decline in crypto prices since late last year has also stung public crypto companies balance sheets, with many reporting losses in their first-quarter earnings.　　Krakens cuts have reportedly pushed back its plan to go public sometime this year, with the company now eyeing a debut in the US in 2027.　　Cointelegraph reached out to Kraken but did not receive an immediate response.　　Krakens plans to go

05-18Exchange

Bitcoin sees sudden price crash below $77,000

Bitcoin dropped under $77,000 and traded at $76,901 after a brutal one-hour wipeout hit the crypto market.　　About $600 million in positions were liquidated in 60 minutes, forcing leveraged traders out fast while the broader market turned red, according to data from Coinglass.　　The pain was clear in U.S. spot Bitcoin ETFs. Last week, those funds reportedly posted about 13,000 $BTC in net withdrawals. More than 4,000 $BTC came out of Ark-linked products, showing that ETF demand had cooled before the latest break lower.　　Long-term holders keep buying Bitcoin while ETF demand weakens　　CryptoQuants Bitcoin exchange netflow data across all exchanges still shows large withdrawals from trading platforms earlier this year. Traders usually watch that kind of activity closely because coins leaving exchanges are often linked to whale buying and longer-term storage.　　Source: CryptoQuant　　Bitcoin ($BTC) long-term holder supply has climbed to about 15.26 million $BTC, which is the highest reading since August 2025. CryptoQuant analyst Darkfost said these wallets added around 316,000 $BTC in the past 30 days. That is a big change from late November, when the same group reduced its balance by about 650,000 $BTC over a 30-day window.　　The latest buildup shows that investors who bought near the cycle high around six months

05-18Exchange

Ethereum hosts 72.6% of all tokenized ETFs as market eyes $20 trillion by 2030

Nearly three out of every four tokenized ETF products live today sit on Ethereum. That 72.6% market share isn‘t a rounding error. It’s a structural moat.　　The broader tokenization market, which includes everything from Treasury bills to equity funds represented as blockchain tokens, is projected to reach somewhere between $16 trillion and $20 trillion in tokenized assets by 2030. Ethereum has quietly positioned itself as the default rails for this migration, and the biggest names in traditional finance are the ones laying the track.　　Why Ethereum keeps winning the institutional vote　　Ethereum was the first programmable blockchain with meaningful liquidity, and institutions tend to go where the liquidity already is. The ERC-20 token standard has become something like the PDF of on-chain finance. Not because its perfect, but because everyone already knows how to use it. Wallets support it. Exchanges list it. Custody providers understand it.　　Franklin Templeton offers one of the clearest case studies. Its BENJI token, which manages over $500 million, originally launched on Stellar. In 2023, the firm moved operations to Ethereum. Thats not a small decision for a company managing hundreds of billions in traditional assets.　　Then theres Ondo Finance, which has emerged as one of the most aggressive players in

05-18Ethereum

Ethereum News: Trump-Linked World Liberty Sells 4,870 ETH for $10.61M

A wallet linked to the Trump-affiliated World Liberty Financial project sold 4,870 ETH for about $10.61 million in USDC, according to market data shared by crypto trackers. The sale was executed at an average price of roughly $2,178 per ETH.　　Ethereum traded near $2,185 after the transaction, moving slightly lower during the session as the asset continued to face pressure from exchange-traded fund outflows and broader market caution. ETH has been trading near the lower part of a recent channel, with analysts watching whether buyers defend the $2,150 support zone.　　The World Liberty sale comes as the project remains under public and legal scrutiny. The Trump-linked crypto venture has faced questions over its governance token, treasury activity, investor restrictions, and reported disputes with early backers.　　World Liberty Sells ETH as Market Watches Treasury Activity　　The 4,870 ETH adds to recent treasury management activity tied to World Liberty Financial. The project has previously drawn market attention because of its political links, token structure, and reported asset movements.　　The latest sale converted ETH into USDC, a dollar-pegged stablecoin widely used in crypto trading and treasury management. Such transactions are often watched by traders because large wallet sales can affect market sentiment, especially when they involve politically connected

05-18Ethereum

Ethereum Price Prediction: Is ETH Setting Up for a Drop to the $1.8K Zone?

Ethereum　　Ethereum Price Prediction: Is ETH Setting Up for a Drop to the $1.8K Zone？　　10 hours ago　　Bitcoin Ethereum News　　;　　}　　function loadTrinityPlayer(targetWrapper, theme,extras=“”) {　　cleanupPlayer(targetWrapper); // Always clean first ✅　　targetWrapper.classList.add(‘played’);　　// Create script　　const scriptEl = document.createElement(“script”);　　scriptEl.setAttribute(“fetchpriority”, “high”);　　scriptEl.setAttribute(“charset”, “UTF-8”);　　const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/？themeAppearance=${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);　　});　　}　　})();　　Ethereums recent recovery phase has weakened considerably after repeated failures beneath the $2.4K major resistance level. The latest price action suggests bearish momentum is gradually building, while buyers struggle to maintain control above important support regions.　　Ethereum Price Analysis: The Daily Chart　　On the daily timeframe, ETH has experienced a notable bearish rejection

05-18Ethereum

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