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Indias IT shares hit three-year low as OpenAI move revives AI fears

Tech　　Indias IT shares hit three-year low as OpenAI move revives AI fears　　Indias biggest technology stocks just had their worst stretch in years, and the catalyst was not an earnings miss or a regulatory crackdown. It was OpenAI announcing a new enterprise AI venture backed by more than $4 billion.　　The Nifty IT index dropped 3.7% on May 12, marking its third consecutive session of losses and dragging the benchmark to levels not seen since May 2023. Service-oriented heavyweights like TCS, Infosys, and Wipro bore the brunt of the sell-off, as investors rushed to reprice what AI-native competitors could mean for the traditional outsourcing model that has powered Indias tech economy for decades.　　What happened and why it matters　　The new venture, armed with billions in capital, is aimed squarely at enterprise customers. The same enterprise customers that currently pay Indian IT firms to build, maintain, and manage their technology stacks.　　The sell-off was concentrated in service-based IT firms, the companies most exposed to the risk that AI tools could automate significant chunks of what their employees do today. Profit booking accelerated as traders who had been sitting on gains decided the risk-reward calculus had shifted.　　As of May 13, no meaningful rebound had materialized. The

05-15

Tether freeze unit tops $450M milestone

The Tether freeze coalition known as T3 FCU has surpassed $450 million in blocked illicit USDT since launching in 2024.T3 FCU, backed by Tether, TRON, and TRM Labs, intercepted 43.9% more illicit proceeds in 2025 than the year before, operating across 23 jurisdictions.The units cases span drug trafficking, exchange hacks, North Korea-linked funds, terrorist financing, and kidnappings and extortion.FATF designated T3 FCU an invaluable law enforcement resource as TRM Labs estimated total illicit crypto flows reached a record $158 billion globally in 2025.　　The T3 Financial Crime Unit, a joint initiative backed by Tether, TRON, and blockchain analytics firm TRM Labs, has crossed $450 million in frozen assets linked to suspected criminal activity. The milestone was announced by Tether on Thursday, less than two years after the unit launched in 2024.　　T3 FCU focuses on USDT activity on the TRON blockchain, where Tethers dominant stablecoin circulates at scale. The unit has executed asset freezes within 24 hours of requests from global authorities, including during active kidnapping and extortion emergencies.　　T3 FCU reported intercepting 43.9% more illicit proceeds in 2025 than the previous year. It has worked with law enforcement across 23 jurisdictions, including the United States, Spain, Germany, the Netherlands, and Bulgaria.　　“This $450

05-15

Bitget Wallet Launches Free API Platform for Web3 Developers

Bitget Wallet, the native crypto wallet of the famous crypto exchange Bitget, is launching the latest API Platform. The launch indicates a crucial move toward boosting the decentralized trading framework for Web3 builders. As Bitget Wallet revealed in its official social media announcement, the new project is already processing over $20M in cumulative daily trading volume ahead of the full-scale launch. Additionally, the exclusive release unveils many upgrades, such as Hypercore and HyperEVM support, cross-chain APIs, stronger broadcast infrastructure, faster chain query, and gas sponsorship.　　Bitget Wallet Brings Forth API Platform to Improve Cross-Chain Integration　　Launching the next-gen API Platform denotes a key development for Bitget Wallet to enhance efficiency for builders developing dApps and streamline blockchain integrations. Additionally, the platform is currently open for developers and builders looking to apply for API access free of cost and use the rapidly expanding ecosystem. Even before the full rollout, the platform is processing $20M+ in terms of everyday trading volume.　　Particularly, the API Platform is poised to deliver a relatively scalable and seamless infrastructure to support DeFi applications. The architecture of the platform aims to enhance transfer execution speed, accessibility, and interoperability across diverse blockchain ecosystems. The integration of Hypercore and HyperEVM support lets

05-15

Blockchain.com rolls out crypto backed loans for Bitcoin, Ethereum, and USDC holders

Bitcoin Blockchain Crypto Ethereum　　Blockchain.com rolls out crypto backed loans for Bitcoin, Ethereum, and USDC holders　　Blockchain.com launched Crypto Backed Loans globally, allowing users to borrow against their digital assets without selling them.　　The product lets clients use Bitcoin, Ethereum, and USDC as collateral to access liquidity for large expenses, including property purchases, business investments, tax planning, and other financial needs. Blockchain.com said loan rates start as low as 1.9% per year, positioning the offer among the more competitive products in the crypto lending market.　　The launch expands Blockchain.coms consumer and wealth business and comes as the crypto-backed lending market has surpassed more than $70 billion. The company said the product is available globally and is designed for large crypto holders seeking competitive pricing, higher borrowing capacity, and a premium client experience.　　CEO and founder Peter Smith said crypto-backed lending has been one of the most requested products on Blockchain.coms platform, adding that the company plans to compete aggressively in the category.　　Smith said Blockchain.com is not entering the market from a standing start, citing its existing liquidity, infrastructure, risk management, and client service capabilities. The company said those tools already support institutions and wealth clients and will now be brought to a broader user base.　　The

05-15

A Confidential Informants Deepfake Indicted An Innocent Person

getty　　Federal prosecutors indicted an innocent person on fabricated audiovisual evidence last winter. Nobody challenged the file as a deepfake. The fake only came out when the confidential informant who produced it pleaded guilty to obstruction of justice at his own sentencing hearing.　　The case appears in the first federal survey of judges on how courts handle deepfake challenges, released March 25, 2026 by the Federal Judicial Center. Of the 931 federal judges and magistrates who responded, only 15 had ever fielded a challenge to audiovisual evidence as a deepfake. The response rate was 45 percent. Two-thirds of those 15 had seen just one such challenge across calendar years 2024 and 2025. Most cases were civil.　　Late last year, federal and state judges told reporters they were not ready for AI-generated evidence in court. The new survey shows what “ready” looks like from the bench. The Texas indictment shows why the count of past challenges does not measure the size of the problem.　　The Federal Judicial Center pulled four of the challenged cases from PACER. One was tossed on a procedural deadline before the court reached the merits. Another turned out to involve a zoomed-in clip of evidence already admitted. That is not what

05-15

Kraken migrates to Chainlink CCIP for kBTC

Kraken is deprecating its cross-chain provider and migrating to Chainlink CCIP as the exclusive infrastructure for its wrapped assets.Kraken chose Chainlink CCIP for its ISO 27001 and SOC 2 compliance, 16 independent nodes, native rate limits, and enterprise-grade security standards.The migration covers Kraken Wrapped Bitcoin (kBTC) and all future Kraken wrapped assets deployed across DeFi protocols.The move follows similar migrations by Kelp, Solv, and Re after the $292 million KelpDAO exploit in April that hit a LayerZero-powered bridge.　　Kraken posted the announcement on X on May 14, confirming that Chainlinks Cross-Chain Interoperability Protocol will become its exclusive bridge infrastructure going forward.　　The exchange did not specify a migration timeline but said the switch covers kBTC, its 1:1 Bitcoin-backed wrapped token, and all future Kraken wrapped assets that it plans to bring to DeFi.　　Kraken cited enterprise-grade security as the primary reason for the migration, pointing to Chainlink CCIPs ISO 27001 and SOC 2 compliance certifications, its network of 16 independent node operators, native rate limits, and other risk management features.　　The exchange said it chose CCIP to accelerate global crypto adoption by unlocking DeFi services and distribution for its entire wrapped asset suite.　　Why platforms are moving away from LayerZero　　The Kraken migration is part of

05-15

Saylors Strategy May Slow BTC Buys after $28B STRC Issuance Cap: Delphi

Bitcoin　　Saylors Strategy May Slow BTC Buys after $28B STRC Issuance Cap: Delphi　　Strategy‘s preferred stock funding engine could hit a key constraint within the next year, potentially slowing the company’s Bitcoin purchases unless it expands issuance capacity or leans more heavily on common-stock sales, according to Delphi Digital.　　Delphi said Strategy‘s Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, has become one of the company’s main Bitcoin-buying tools but has an authorized issuance cap of about $28.3 billion.　　If the cap is reached without an extension, Strategys Bitcoin accumulation could “slow or stop while the dividend obligation remains,” the report said.　　The report highlights how one of Strategys main capital-raising mechanisms is approaching an inflection point that may dictate the BTC accumulation rate of the largest corporate Bitcoin holder.　　The report comes after Strategy announced another 535 Bitcoin acquisition for $43 million on Monday, marking its first investment since April 27, when the company bought 3,273 BTC for $255 million. The filing showed that only about $100,000 worth of capital was funded from the issuance of STRC stock, while the majority of the acquisition, or $42.9 million, was funded through the sales of Class A common stock (MSTR).　　STRC was first introduced by

05-15

Euro Stablecoin Issuers Eye €16T Market After MiCA Boost

Tech　　Euro Stablecoin Issuers Eye €16T Market After MiCA BoostThe euro stablecoin market currently holds about €620 million in total capitalization.Euro stablecoins account for roughly 0.2% of the global stablecoin market.Transaction volume for MiCA-compliant euro stablecoins has increased by 1,200% since the regulation took effect.Issuers report rising inbound requests from entrepreneurs and institutional firms seeking regulated euro digital assets.The broader addressable market for euro-denominated activity stands at approximately €16 trillion.Euro stablecoins contribute nearly 13% of global stablecoin payment activity.　　Euro-pegged digital tokens remain small in market size, yet issuers now report rising demand from institutions and startups. The total euro stablecoin market stands near €620 million, or about 0.2% of global stablecoin capitalization. However, issuers say MiCA has triggered sharp volume growth and renewed interest across Europe.　　EUR Stablecoin Market Expands Under MiCA Framework　　The euro stablecoin market cap holds near €620 million, yet transaction activity has accelerated quickly. Since MiCA took effect, compliant euro stablecoin volumes have increased by 1,200%. Issuers attribute this rise to a migration from unregulated tokens toward regulated alternatives.　　Market participants point to MiCAs reserve and compliance standards as a key driver of adoption. Issuers must maintain controlled reserves and meet transparency obligations under the framework. One issuer stated, “MiCA

05-15

CertiK reports North Korea laundered billions through crypto theft, now shifting to physical infiltration

Crypto　　CertiK reports North Korea laundered billions through crypto theft, now shifting to physical infiltration　　North Korea has turned crypto theft into something resembling a nationalized industry. And business is booming.　　A new report from blockchain security firm CertiK attributes roughly $2.06 billion of the $3.4 billion lost to crypto hacks in 2025 to groups linked to the Democratic People‘s Republic of Korea. That’s 60% of the entire industrys security losses for the year, spread across just 79 of 656 documented incidents.　　Put differently, DPRK-linked hackers accounted for 12% of all reported attacks but walked away with the majority of the money.　　The numbers keep getting worse　　CertiKs Skynet DPRK Crypto Threats Report, shared with Cointelegraph on Tuesday, paints a picture of escalating sophistication. Between 2016 and early 2026, North Korean hacking groups stole approximately $6.75 billion in digital assets across 263 incidents. CertiK itself notes that figure is likely understated.　　And 2026 isnt starting any better. So far this year, DPRK hackers have already claimed $620.9 million of the $1.1 billion in crypto losses reported, led by a $291 million exploit targeting KelpDAO.　　The proceeds are funneled directly into funding North Korea‘s nuclear and ballistic missile programs. Crypto theft has become, in CertiK’s assessment, a state-managed revenue

05-15

Forward Industries Posts $585M Loss as Solana Treasury Swings Hit Earnings

Tech　　Forward Industries Posts $585M Loss as Solana Treasury Swings Hit Earnings　　Forward Industries, which has repositioned itself as a solana-focused treasury company, reported a sharp quarterly loss as falling prices weighed heavily on the value of its digital asset holdings.　　The Nasdaq-listed company said net loss for the fiscal first quarter ended Dec. 31, 2025 widened to $585.6 million, compared with a loss of roughly $700,000 a year earlier. The decline was driven primarily by accounting-related losses tied to the market value of its holdings.　　Under U.S. GAAP rules, Forward recorded a $560.2 million loss on digital assets alongside a $33 million impairment charge, reflecting lower estimated fair values for during the quarter.　　Despite the losses, the company continued to aggressively build out its treasury strategy. As of Dec. 31, Forward held approximately 6.96 million SOL, acquired largely through purchases made in September 2025 at an average net cost of $232.08 per token. The total investment amounted to roughly $1.59 billion.　　Chairman Kyle Samani described the quarter as the companys first full reporting period operating under its new treasury-focused model.　　We moved from launching the strategy to actively executing it, demonstrating our ability to operate through market while building the foundation to compound SOL-per-share over time.

05-15

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