Why Changpeng Zhao Said Most AI Firms Will Go Bust

Binance founder Changpeng Zhao (CZ) argued on Friday that most artificial intelligence (AI) companies will go bust, even as Anthropic closed in on a $1 trillion valuation and OpenAI moved toward its initial public offering (IPO).  His warning landed during one of the busiest stretches in AI fundraising history, with two private firms now collectively valued near $1.8 trillion and several smaller startups still struggling to convert heavy spending into profit.  CZ Predicts an AI Shakeout Despite Sector Growth  Zhao posted on X that AI itself “will stay and grow exponentially,” but said the current crop of AI firms is far too crowded to survive. He added that even the eventual winners will see “huge price fluctuations” and face fresh competition from new entrants.  “AI will stay and grow exponentially. But most AI companies will go bust. There are just too many. Even survivors will see huge price fluctuations. There will be new survivor entrants too. Same as any other new industry, really,” CZ posted.  CZ framed the situation as a normal pattern in early-stage industries, where a flood of capital tends to produce only a small number of long-term winners. He has previously argued that AI agents need tokens in only a narrow set

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Dow Jones futures rise on reports of US-Iran ceasefire extension

Finance  Dow Jones futures rise on reports of US-Iran ceasefire extension  Dow Jones futures climb 0.09% to near 50,790, while S the Nasdaq 100 and S&P 500 advanced 0.91% and 0.58%, respectively, while the Dow Jones edged up 0.05%. Market gains were driven primarily by the health care, technology, and consumer discretionary sectors.

05-29

UNI Price Prediction: $2.80 Target Looms as Technical Foundation Crumbles

The Immediate Setup  UNI carved out a devastating -7.12% daily candle that obliterated multiple moving averages in a single session. Currently trading at $3.05 and pressed against its lower Bollinger Band, the token displays textbook distribution characteristics that institutional traders recognize as coordinated selling pressure. The momentum picture has deteriorated rapidly, with oscillators flatlining while the MACD histogram sits lifeless at zero – a clear sign that buying interest has evaporated. Every attempt to rally from the days $3.02 low gets immediately sold into, creating a $3.32 to $3.02 range that tells the complete story of bear market control.  Key Levels Under Siege  The mathematical reality of UNIs position reveals structural weakness beyond simple pullback territory. Trading 14% below its 20-day SMA at $3.53 and 32% under its 200-day SMA at $4.47, the token has officially entered breakdown mode rather than healthy consolidation. Blockchain.news technical framework identifies critical support clustering between $2.94 and $2.82, representing the final defensive line before potential capitulation selling emerges. The former support at $3.24 has transformed into ironclad resistance, where any bounce attempts will face aggressive selling from trapped positions seeking exit liquidity.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from

05-29

Strategy’s $30.3M Bitcoin Transfer Sparks Market Tension As Selling Speculation Intensifies

Bitcoin  Strategys $30.3M Bitcoin Transfer Sparks Market Tension As Selling Speculation Intensifies  According to on-chain data monitored by Lookonchain, the enterprise transferred 411.48 BTC worth about $30.3 million into Coinbase Prime. Though such transfers are not unusual, the timing given increased financial pressure on the company has drawn more eyes in the market.  This transaction, also is not an outright indication of intent to liquidate holdings. However, due to increasing scrutiny of Strategys balance sheet and obligations, even routine manoeuvres in the treasury are viewed with suspicion.  Is Michael Saylors @Strategy about to sell $BTC?#Strategy just deposited 411.48 $BTC($30.3M) into #CoinbasePrime.  On Polymarket, the odds of #MicroStrategy selling $BTC before Dec. 31, 2026 have now reached 84%.https://t.co/FgZG2ZWlVi pic.twitter.com/R3Tm8YJJFu  — Lookonchain (@lookonchain) May 29, 2026  Institutional investors frequently shift assets into custodial platforms (such as Coinbase Prime) for a number of operational reasons, e.g. collateral management, liquidity positioning, portfolio rebalancing and so on. However the market is not reading this move in isolation but rather as a signal of increased financial stress.  Adding to the uncertainty, prediction markets are indicating a change in sentiment. Strategy also saw the probability that he would sell Bitcoin before December 31, 2026, rise from 55% to 84% on Polymarket. This notable uptick comes

05-29

ECB’s Consumer Expectations survey: Households became attentive when Iran conflict started

Finance  ECBs Consumer Expectations survey: Households became attentive when Iran conflict started  According to the latest European Central Bank‘s (ECB) own Consumer Expectations survey (CES), consumers immediately increased their attention to price changes when the ⁠Iran conflict started, even though inflation was still around 2%, the central bank’s target level, Reuters reports.  Remarks  This evidence suggests that consumers are experiencing the war in Iran with a potential ‘double scar’.  These two scars may reinforce each other and are likely to shape consumer expectations and behaviour in the coming months, as ‌conflicts and heightened macroeconomic uncertainty persist.

05-29

SpaceX pre-IPO bet crashes 45% while HYPE holds near highs

The token remained near its May 26 all-time high of $64.44. That price action suggests the market treated the SpaceX event as a product-level risk, not a full rejection of Hyperliquids broader trading story.  As crypto.news reported, Hyperliquid recently hit new highs as ETF inflows and prediction-market growth supported demand. HYPE ETFs also crossed $100 million in cumulative net inflows within their first 10 trading sessions, giving the token another demand channel.  Hyperliquids token model also remains central to trader interest. As previously reported by crypto.news, the Assistance Fund uses 97% of protocol trading fees for open-market HYPE buybacks. That structure links exchange activity to token demand, though it does not remove trading risk.  Social posts add caution around sentiment  Market commentary stayed bullish after the crash, but some posts should be treated with care. Hyperliquid Daily called Hyperliquid “the full financial layer” and said Wall Street was watching. It also cited a claim that ICEs CEO called the platform “bigger than NASDAQ” in effect.  Hyperliquid is becoming the full financial layer:  Perps + prediction markets + pre-IPO synthetics + full DeFi via HyperEVM  99% of fees → $HYPE buybacks/burns  Running ~$800M annualized revenue with a tiny team  Wall Street is watching. ICEs CEO called it “bigger than NASDAQ”…

05-29

Venice Token Gained 78.30% in Last Month and is Predicted to Drop to $12.30 By Jun 03, 2026

Venice Token is up 3.42% today against the US DollarVVV/BTC increased by 2.98% todayVVV/ETH increased by 2.44% todayVenice Token is currently trading 29.94% above our prediction on Jun 03, 2026Venice Token gained 78.30% in the last month and is up 366.73% since 1 year agoVenice Token price$ 15.98Venice Token prediction$ 12.30SentimentFear & Greed indexKey support levels$ 14.84, $ 13.63, $ 12.67Key resistance levels$ 17.01, $ 17.97, $ 19.18  VVV price is expected to drop by -23.10% in the next 5 days according to our Venice Token price prediction  Venice Token price today is trading at $ 15.98 after gaining 3.42% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 1.72% in the same time period. VVV performed well against BTC today and recorded a 2.98% gain against the worlds largest cryptocurrency.  According to our Venice Token price prediction, VVV is expected to reach a price of $ 12.30 by Jun 03, 2026. This would represent a -23.10% price decrease for VVV in the next 5 days.  VVV Price Prediction Chart  Buy/Sell Venice Token  What has been going on with Venice Token in the last 30 days  Venice Token has been displaying a positive trend recently, as the

05-29

China Works on AI Token Futures in Race Against U.S. GPU Compute

Tech  China Works on AI Token Futures in Race Against U.S. GPU ComputeChina is working to design AI token futures contracts, the smallest units of information in AI models.Chinas daily AI token usage has surged since early 2024, reaching over 140 trillion tokens by March 2026.China experts are pushing token futures to compete against US GPU compute futures in the global AI race.  Chinas Shanghai Futures Exchange (SHFE) is in the very early stages of researching and designing artificial intelligence (AI) token-based futures. AI token daily usage in China has surged since early 2024, reaching over 140 trillion tokens per day by March 2026. This move is also partly driven by intensifying AI rivalry with the United States, which is developing GPU compute futures.  China Designs AI Token Futures Contracts  According to sources, SHFE is researching and designing token-based futures, the smallest units of information processed by AI models, often described as the “digital fuel” or raw material that powers AI and is used to price AI services.  The contracts will allow companies across the AI supply chain to hedge against volatile AI costs by standardizing and trading these tokens as a new asset class. This fits into Chinas push to treat AI as a

05-29

Near (NEAR) Approaches Golden Cross as Dogecoin (DOGE) Under Pressure; XRP Tests Critical Support: Crypto Market Review

Crypto  Near (NEAR) Approaches Golden Cross as Dogecoin (DOGE) Under Pressure; XRP Tests Critical Support: Crypto Market Review  Despite experiencing a strong post-rally correction, Near is getting close to a potentially significant technical milestone. Few traders anticipated a potential golden cross formation just weeks ago, but the chart now shows the 50-day moving average quickly rising toward the 200-day moving average.  After months of compression, NEAR surged higher in May, sparking a huge breakout rally that momentarily moved the price closer to the $3 range. That action fundamentally changed the charts medium-term structure. In contrast to earlier NEAR selloffs, the overall technical damage is still surprisingly small, even though the rally eventually overheated and sharply retraced.  NEAR/USDT Chart by TradingView  The alignment of the moving averages is crucial. The recent impulses strength has caused the 50-day MA to rise sharply, while the 200-day MA flattened following months of decline. The distance between them is still rapidly closing. The market may print a full golden cross in the upcoming weeks if NEAR stabilizes close to current levels rather than falling further.  Near (NEAR) Approaches Golden Cross as Dogecoin (DOGE) Under Pressure; XRP Tests Critical Support: Crypto Market Review  Ripple CEO: ‘Anti-Crypto Army’ Has Been Defeated  Golden crosses have historically

05-29

Bitcoin Price Prediction: Bitcoin Nears Key $73K Level as Shorts Close

Bitcoin  Bitcoin Price Prediction: Bitcoin Nears Key $73K Level as Shorts Close  Bitcoin is trading near $73,000 as charts from Man of Bitcoin and CW show BTC at a short-term decision point. One setup warns that bullish momentum is weakening, while the other shows shorts closing as selling pressure starts to fade.  Bitcoin Price Tests $73K as BTC Bearish Roadmap Puts Support in Focus  Bitcoin is trading near $73,280 on the four-hour chart as analyst Man of Bitcoin says a short-term five-wave decline may show weakening bullish momentum.  The chart shared on X shows BTC moving lower after failing to hold its recent upward channel. The analyst said a bounce from the current support area still looks likely, but the new bearish roadmap puts lower levels back in focus.  Bitcoin Four-Hour Chart. Source:  The chart shows Bitcoin falling from the upper part of its May structure after price rejected near the $82,750 resistance zone. BTC then moved lower toward the marked support area between roughly $69,900 and $72,900.  Man of Bitcoin labeled the current move as a five-wave decline. In Elliott Wave analysis, that structure can signal that buyers are losing short-term control, especially after a strong move higher.  The nearest support area sits around the Fibonacci levels shown

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