Latest Crypto News & Market Updates

AMD and Intel hit ATHs as agentic AI demand lifts chip stocks

AMD and Intel shares climbed to new all time highs Friday as Wall Street continued to reward chipmakers tied to artificial intelligence infrastructure and rising demand for central processing units.　　AMD rose about 9% to roughly $443, lifting its market capitalization to about $720 billion, while Intel gained about 14% to around $124, pushing its market value near $627 billion at press time.　　The rally followed AMDs stronger than expected first quarter results earlier this week. The company reported revenue of $10.3 billion, up 38% from a year earlier, while data center revenue jumped 57% to $5.8 billion, driven by demand for AMD EPYC processors and the continued ramp of AMD Instinct GPU shipments.　　Wall Street analysts have turned increasingly bullish on AMD after the report, with Reuters noting that at least 20 brokerages raised their price targets following the companys forecast and its expanding exposure to AI infrastructure demand.　　AMD CEO Lisa Su told CNBC this week that agentic AI is accelerating demand across the compute market. “Agents are really driving tremendous demand in the overall AI adoption cycle, and we‘re very excited to be in the middle of it,” Su said during an interview on CNBC’s Squawk on the Street.　　Intel‘s rally has

05-09Industry

Largest Swiss Bank Loads Up on Strategy (MSTR)

UBS Group, the largest bank in Switzerland with $6.6 trillion in assets, has significantly increased its bet on the digital asset ecosystem. According to the latest disclosures, the banking titan has solidified its position as a major institutional holder of MicroStrategy (MSTR), often viewed as a corporate proxy for Bitcoin.　　A billion-dollar bet　　The Swiss giant recently disclosed the purchase of an additional 551,121 shares of MicroStrategy, a move valued at approximately $98 million.　　This latest acquisition brings UBSs total holdings to 6.31 million shares, representing a massive $1.12 billion position in the Bitcoin treasury company.　　Largest Swiss Bank Loads Up on Strategy (MSTR)　　Ethereum (ETH) Could Hit $12K This Year, Lee Predicts　　The banks accumulation of MSTR has been aggressive throughout 2026:　　UBS held 2.52 million shares valued at $415 million as of January. In February, the bank nearly doubled its stake, adding 3.23 million shares to reach a total of 5.76 million shares ($805 million). In May, total holdings surged to 6.31 million shares ($1.12 billion).　　XRP exposure　　The move into MicroStrategy is part of a broader institutional pivot toward digital assets for UBS.　　Newly surfaced SEC Form 13F filings reveal that the bank has also officially disclosed exposure to XRP. The dollar amounts are relatively small for

05-09Industry

Oxford study finds warmer AI chatbots tell more lies

Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more oftenOxford Internet Institute researchers tested five AI models and found that warmer-trained chatbots made between 10% and 30% more factual errors.Warmer chatbots were 40% more likely to agree with users false beliefs, especially when users expressed vulnerability or emotional distress.OpenAI has already rolled back some warmth-related changes following public concern, but commercial pressure to build engaging AI remains strong.　　Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more often, according to a study published in Nature by the Oxford Internet Institute.　　The research analyzed more than 400,000 responses from five AI models, including Llama, Mistral, Qwen, and GPT-4o, each retrained to sound friendlier using methods similar to those deployed by major platforms.　　Chatbots trained to sound warmer made between 10% and 30% more mistakes on topics including medical advice and conspiracy corrections. They were also about 40% more likely to agree with users false beliefs, particularly when users expressed vulnerability.　　“When we train AI chatbots to prioritise warmth, they might make mistakes they otherwise wouldnt,” lead author Lujain Ibrahim said in a statement. “Making a chatbot sound

05-09Industry

Ripple-linked XRP pushes toward $1.40 as tightening range lowers breakout chances

XRP keeps grinding toward the top of its recent range, and the move is starting to matter more because liquidity has thinned out while price keeps compressing underneath resistance. That combination tends to make breakouts sharper once the market finally picks a direction.　　News Background　　• Analysts continue pointing to longer-term bull flag and falling wedge patterns that resemble setups seen before previous XRP rallies.　　• XRP ETF inflows and thinning Binance liquidity have added to speculation that the market is entering a higher-volatility phase after weeks of sideways trading.　　Price Action Summary　　• XRP traded in a tight 1.4% range between $1.3787 and $1.3948 over the 24-hour session.　　• A late-session push lifted price from $1.3879 to $1.3930 on a 1.45M volume spike, breaking above the immediate consolidation ceiling.　　• Support repeatedly held between $1.3825-$1.3870, while sellers continued defending the $1.3930-$1.3950 zone.　　Technical Analysis　　• The market has spent weeks compressing between support near $1.38 and resistance just below $1.40, with volatility continuing to tighten.　　• Volume expanding into the latest move higher matters because thin liquidity conditions tend to exaggerate price reactions once resistance finally gives way.　　• XRP is still stuck below larger breakout levels near $1.47 and $1.50, but repeated tests of resistance usually weaken seller control

05-09Industry

Intel (INTC) Stock Soars to Record High on Apple Manufacturing Partnership

The main driver behind the rally was news that Apple and Intel have established a preliminary manufacturing partnership for Intel to produce certain chips destined for Apples product lineup. Negotiations between the tech giants have been ongoing for over twelve months.　　Specifics regarding which Apple product lines would receive Intel-manufactured chips remain undisclosed. Apples annual shipments exceed 200 million iPhones, complemented by millions of iPads and Mac computers. Neither company provided official statements.　　The current administration played a pivotal role in facilitating this partnership. Commerce Secretary Howard Lutnick conducted numerous meetings with Apple CEO Tim Cook throughout the past year to encourage the collaboration. President Trump directly promoted Intel to Cook during a White House meeting.　　“As soon as we went in, Apple went in, Nvidia went in, a lot of smart people went in,” Trump said in January.　　Last summer, the federal government transformed approximately $9 billion in grants into equity, securing a 10% ownership position in Intel. This government backing enhanced Intels standing with prospective partners.　　Strong Q1 Performance Exceeds Forecasts　　The Apple partnership announcement arrived alongside impressive quarterly results. Intel reported first quarter 2026 revenue of $13.6 billion, marking a 7% year-over-year gain. Adjusted earnings per share reached $0.29 — dramatically surpassing the

05-09Industry

Coinbase pushes CLARITY Act Senate vote next week

The Senate Banking Committee is expected to hold a formal CLARITY Act vote as early as next week, Coinbase said at Consensus 2026.The Senate Banking Committee is preparing to notice a markup for the CLARITY Act the week of May 11, with draft text already circulated to industry.Coinbase VP Kara Calvert said the bill needs at least 60 Senate votes and warned that bipartisan backing is essential to advance it.A HarrisX survey shows 70% of voters believe the US should have already passed federal crypto legislation.　　Coinbase says the CLARITY Act is heading for a Senate Banking Committee vote as early as next week, with Kara Calvert, the companys vice president for US policy, telling Consensus 2026 in Miami that the markup is expected the week of May 11.　　The Senate Banking Committee has reportedly circulated draft legislative text to select industry members ahead of a potential Thursday vote, according to multiple sources cited by journalist Eleanor Terrett on X.　　Calvert told Consensus 2026 attendees the bill needs at least 60 votes in the full Senate to advance and that bipartisan support is non-negotiable. “That means you need Democrats,” she said. “You need a bipartisan bill, and we have all been working really

05-09Industry

What is Account Abstraction (ERC-4337)?

Account Abstraction is a technical upgrade that converts traditional crypto wallets into programmable smart contracts. By implementing the ERC-4337 standard, the blockchain can treat user accounts like intelligent software rather than simple private key pairs, significantly simplifying the user experience.　　The Problem with Traditional Wallets　　Currently, most users interact with the blockchain through Externally Owned Accounts (EOAs), such as a standard MetaMask wallet. These accounts are controlled by a single private key. If you lose your seed phrase, you lose your funds forever. Furthermore, every action requires the user to hold the networks native token (like ETH) to pay for “gas” fees, which is a major barrier for beginners.　　How Account Abstraction Changes the Game　　Account Abstraction “abstracts” the account away from the private key. Instead of a simple address, your wallet becomes a Smart Account. This allows for several “bank-like” features that were previously impossible on-chain:Social Recovery: You can designate “guardians” (friends or other devices) to help you regain access to your wallet if you lose your credentials, eliminating the stress of managing a 24-word seed phrase.Gas Flexibility (Paymasters): Users can pay for transaction fees using stablecoins (like USDC) instead of the native network token. In some cases, decentralized apps (dApps) can even

05-09Industry

Coinbase rebounds as altcoins surge with bitcoin holding above $80,000

With bitcoin holding above $80,000 and stocks pushing to fresh record highs, risk appetite spilled deeper into crypto markets Friday, lifting altcoins and blockchain infrastructure plays.　　Solana (SOL), Chainlink , and rose around 5%, while Near Protocol (NEAR) and Uniswap (UNI) gained roughly 7%. Internet Computer Protocols ICP jumped nearly 12%, leading majors higher.　　The move came alongside another strong session for equities. The tech-heavy Nasdaq climbed 2.2% to fresh record highs, while the Ss trading platform also suffered early Friday a several hours long outage due to an AWS failure that was fully resolved later.　　Despite the weak quarter, several Wall Street analysts focused on longer-term tailwinds tied to stablecoins and crypto regulation.　　That narrative gained momentum after SEC Chair Paul Atkins said Friday that the agency is weighing new rulemaking around onchain trading systems, crypto custody infrastructure and blockchain-based settlement rails as finance increasingly converges with AI and distributed ledger technology.　　Atkins also reiterated support for congressional efforts to advance crypto market structure legislation, comments investors viewed as supportive for tokenization and blockchain-based financial infrastructure.　　The theme drove gains in related equities. Bullish (BLSH), CoinDesks parent company, that this week announced a deeper push into tokenization, rose 6%. Digital asset infrastructure firm BitGo (BTGO)

05-09Exchange

Josh Shapiro sues Character.AI over fake doctors

Josh Shapiro has sued Character.AI after a chatbot falsely posed as a licensed Pennsylvania psychiatrist and offered medical advice to a state investigator.A Character.AI bot named “Emilie” claimed to be a licensed Pennsylvania psychiatrist and provided a fake state medical license number during a state investigation.The bot offered depression assessments and told an investigator its consultations were “within my remit as a Doctor.”Pennsylvania is seeking a preliminary injunction to bar Character.AI bots from practicing medicine without a license.　　Pennsylvania Governor Josh Shapiro sued Character.AI on May 6, targeting the companys chatbots for allegedly practicing medicine without a license.　　The state said an investigation found that chatbots presenting themselves as fictional characters had claimed to be licensed medical professionals, including psychiatrists, available to discuss mental health symptoms with users.　　A Character.AI bot named “Emilie” told a state investigator that assessing whether medication could help was “within my remit as a Doctor.”　　The bot also claimed a Pennsylvania medical license and supplied an invalid license number. As of April 17, 2026, Emilie had logged approximately 45,500 user interactions on the platform.　　What the state is demanding　　The Shapiro administration is seeking a preliminary injunction and a court order to stop AI companion bots from posing as licensed professionals

05-09Industry

Bitcoin Wins the Institutional Flow Battle as Ethereum Slips

Bitcoin Ethereum　　Bitcoin Wins the Institutional Flow Battle as Ethereum Slips　　Bitcoin Ethereum NewsBitcoin fund holdings rose 7.21% as institutions added 92,116 BTC between Feb. 7 and May 5.ETH/BTC fell below key moving averages, showing Ethereums weaker demand against Bitcoin.Bitcoin ETFs drew over $1.16B in early May inflows, far above Ethereum ETF totals.　　Bitcoin is pulling further ahead in the institutional market as fund balances, ETF inflows, and corporate accumulation continue to favor BTC over Ethereum. CryptoQuant data shared on May 7 showed fund holdings rose from 1.278 million BTC on Feb. 7 to 1.370 million BTC on May 5. That added 92,116 BTC, a 7.21% increase, while the assets price climbed from $69,249 to $80,874.　　Fund Holdings Show Stronger BTC Demand　　CryptoQuant analyst MorenoDV said Bitcoin regained institutional confidence faster, while Ethereum still showed signs of hesitation. The data showed large investors added exposure after the early February decline.　　Fund holdings dipped as prices weakened, but the recovery that followed was stronger and more consistent. By May, balances had reached new highs for the period. That trend showed institutions were not just holding positions.　　Source: X　　They were increasing exposure as BTC moved back above $80,000. The shift helped explain why Bitcoin remained the preferred institutional asset

05-09Ethereum

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