Gemini Taps Grok for Custom AI-Powered Prediction Markets

The tool is powered by Grok, the AI model created by SpaceXAI, a division of Musks rocket-building company SpaceX that runs Grok and the social media website X.  Gemini is one of several crypto exchanges expanding beyond spot and derivatives trading into prediction markets and AI amid a crypto market slump that has caused trading volumes and profits to sink.  Last month, Gemini introduced a feature letting users connect AI models like ChatGPT and Claude to their trading accounts to autonomously monitor markets and even execute trades on their behalf.  Gemini prediction markets revenue hits $400,000 in Q1  Gemini said in its first quarter results released earlier this month that its prediction markets platform made a revenue of $400,000 from 20,000 users, a fraction of the revenue and users recorded on market leaders Kalshi and Polymarket.  Gemini reported a 42% year-on-year increase in revenue to $50.3 million for the quarter as it continued expanding from a crypto-native trading platform into a financial services company.  Gemini also managed to trim its quarterly net loss by 27% year-on-year to $109 million.  Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraphs Editorial Policy and aims to provide accurate and timely information. Readers are

05-30

Analyst Compares This Bitcoin Bear Market To Previous Cycles To Show What’s Coming Next

Bitcoin  Analyst Compares This Bitcoin Bear Market To Previous Cycles To Show Whats Coming Next  Bitcoin Ethereum News  Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scotts dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.  Scott‘s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.  With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author

05-30

Bitcoin and Ether ETFs Lose $350M While XRP and HYPE Draw Inflows

Torrid week so far for with outflows totalling $1.3 billion.  Total value traded reached $2.36 billion, while total net assets closed at $94.25 billion. The decline kept the category firmly below the $100 billion mark, underscoring the scale of the recent pullback.  Ether ETFs remained under deeper strain. The group posted $121.35 million in net outflows, extending its losing streak to 13 straight trading days. Blackrocks ETHA accounted for the largest share, with an $80.39 million exit.  Grayscale‘s ETHE lost $21.36 million, Fidelity’s FETH saw $15.08 million leave, and Grayscales Ether Mini Trust recorded $7.65 million in outflows.  There was one small sign of support. Blackrocks ETHB drew $3.11 million in inflows, though it was not enough to offset the wider pressure. Total ether ETF value traded stood at $691.34 million, and net assets closed at $11.30 billion.  ETFs again offered a more balanced picture.  HYPE ETFs added $1.72 million, with Bitwise‘s BHYP bringing in $1.02 million and 21Shares’ THYP adding $700,240. Total value traded was $34.76 million, while net assets rose to $122.20 million.  ETFs posted $1.77 million in inflows, entirely through Bitwises product. Total value traded came in at $12.13 million, with net assets closing at $1.12 billion.  Solana ETFs added $484,370, all through Fidelitys FSOL.

05-30

Buy Side Explodes: XRP Liquidity 7x Heavier Than Sells On Coinbase

Traders watching Stellars 40% weekly surge are now turning their attention to $XRP, asking whether the older and larger token could be next. The two assets share a long history of moving in tandem, and some analysts say the setup is starting to look familiar.  $XRP And $XLM: A Recurring Pattern  Analyst Kevin Cage pointed out that while $XLM broke out after months of sideways trading, $XRP has remained range-bound. Reports indicate that if momentum picks up, some traders are projecting a move toward the $1.76 to $2 range for $XRP sometime in June.  $XRP itself posted a 2.50% gain in the past 24 hours, though it remains down 2.50% over the last seven days and about 5% over the past month. The price was last seen hovering near the $1.23 to $1.30 liquidity zone on Coinbases spot market.  $XRP orderbook on Coinbase is still heavily skewed towards bids (nearly 7x on the large bands)  Now this doesnt automatically mean “price go up”  But it does mean its much easier to move price meaningfully up then down  What The Order Book Is Showing  That liquidity zone is exactly where analyst Dom‘s findings get interesting. According to Dom, a heatmap of Coinbase’s $XRP order book shows buy orders stacked

05-30

Dell (DELL) Stock Explodes 32% Higher as AI Server Sales Skyrocket 757%

Dell Technologies Inc., DELL  The results were nothing short of spectacular. First-quarter revenue soared nearly 88% year over year, fueled by unprecedented demand for AI infrastructure. Revenue from AI-optimized servers alone reached $16.1 billion — representing a staggering 757% jump compared to the year-ago period.  Adjusted earnings per share landed at $4.86, crushing Wall Streets consensus forecast of $2.94.  Ben Reitzes, who leads technology research at Melius, didn‘t mince words: “They beat every line in the model — so this wasn’t just AI, it was great execution.”  Wall Street Rushes to Adjust Forecasts  The blowout results triggered a flurry of target price increases Friday morning.  Susquehanna delivered the most dramatic revision, elevating Dell to Positive from Neutral while boosting its price target to $700 from $138. The investment firm highlighted AI server growth occurring without margin compression, expanding opportunities in inferencing workloads, and stronger-than-anticipated performance across client solutions.  J.P. Morgan maintained its Overweight stance while increasing its target to $500 from $280. Analyst Samik Chatterjee observed that Dells revised fiscal 2027 guidance was lifted “materially once again,” with customer demand running significantly ahead of projections and order pipeline clarity extending deeper into the calendar.  Dell‘s revised full-year AI revenue forecast of $60 billion suggests 144% annual growth, per

05-30

Bit Digital Expands ETH Holdings to 158K Ether After $20M Purchase

Ethereum  Bit Digital Expands ETH Holdings to 158K Ether After $20M Purchase  Bitcoin Ethereum News  Bit Digital purchased $20 million worth of Ether earlier this month, increasing its holdings to roughly 158,462 ETH.  The Nasdaq-listed company said Thursday it acquired 8,568 ETH (ETH) on May 11 at an average price of $2,334.25 per token.  CEO Sam Tabar said the purchase reduced Bit Digital‘s average ETH acquisition cost and was part of the company’s strategy to grow net asset value per share through Ethereum accumulation, AI infrastructure and acquisitions.  Bit Digital operates across Ethereum treasury management, AI and high-performance computing infrastructure and strategic acquisitions. Its WhiteFiber subsidiary trades on Nasdaq under the ticker WYFI.  Based on CoinGecko data, Bit Digital‘s previously reported holdings of roughly 140,008 ETH placed it behind Coinbase Global, which held about 151,175 ETH. The company’s newly announced purchase would move its treasury above Coinbases holdings, making Bit Digital the fourth-largest public corporate Ethereum holder.  The companys shares closed Wednesday at $2.03, while the stock was up roughly 35.5% over the past month, according to Yahoo Finance data.  Ethereum fundamentals remain strong despite price weakness  The purchase comes as some analysts argue Ethereums network activity remains significantly stronger than its market performance. In a Thursday report, Standard Chartered

05-30

CLARITY Act: JPMorgan CEO Jamie Dimon Vows to Fight Stablecoin Provisions, Calls Out Coinbase CEO

Tech  CLARITY Act: JPMorgan CEO Jamie Dimon Vows to Fight Stablecoin Provisions, Calls Out Coinbase CEO  Bitcoin Ethereum News  JPMorgan CEO Jamie Dimon has signaled that banks will not relent in their opposition to the CLARITY Act, despite the crypto bill advancing out of the Senate Banking Committee. He also called Coinbases CEO, Brian Armstrong, who has notably championed the fight for stablecoin rewards.  JPMorgan CEO Says Banks Will Fight The Stablecoin Text In CLARITY Act  In an interview on Mornings with Maria, Jamie Dimon said that banks will fight the latest version of the crypto bill despite the Senate Banking Committee having marked it up. “We will fight it; if we lose, we will live,” he said.  The JPMorgan CEO also addressed comments that the bank was afraid of the competition from the crypto industry. He remarked that this wasnt the case and that all they were asking for was a level playing field. Dimon stated that if crypto firms take bank deposits, then they should also be subject to bank rules.  Dimon also claimed that the crypto bill doesn‘t include anything on AML and BSA, which is necessary to put crypto firms in check, similar to the compliance measures that banks face. His comments come

05-30

Restaking Risks: Shared Security Needs Better Models

Choosing Between Restaking Paths  Not all routes to shared security look the same. Your choice will depend on technical comfort, liquidity needs, and your tolerance for additional layers. Below is a practical comparison of common approaches observed in todays market.PathControlLiquidityReward SourcesExtra Risk LayersComplexityBest ForNative validator restakingHighest (you run/choose validators)Low; withdrawals follow Ethereum timelinesBase staking + selected AVSsOperator errors; AVS contracts; slashingHigh operational overheadTechnical users who want direct controlLST restaking (no wrapper)Medium (delegation choices)Moderate; depends on LST liquidity and exit queuesLST yield + AVS incentivesLST depeg; AVS risks; operator selectionModerateUsers prioritizing simpler ops with known LSTsLRT wrappers (liquid restaking tokens)Low to medium (protocol manages delegation)High in normal times; can gap in stressStacked: base + AVS + wrapper incentivesAll above + wrapper contract high systemic couplingYield-seeking users who accept layered risk  Pro tip: Before you chase points or boosts, write down the maximum loss you would tolerate from an unexpected slash or depeg—and size your position to that number, not to the advertised APR.  If youre undecided, start with small allocations across different paths. Observe real incident responses: how fast teams communicate, how slashing appeals are handled, and how liquidity holds during volatility.  Stress Testing: What a Bad Day Actually Looks Like  Failure models are blueprints for

05-30

Sui Network Suffers 6-Hour Outage, SUI Drops 6.6%

The Sui Network, a Layer-1 blockchain developed by Mysten Labs, experienced its second major outage of 2026 on Thursday, halting operations for nearly six hours. The disruption, caused by a bug in the gas charging logic of the networks latest 1.72 update, underscores ongoing reliability challenges for the platform, which aims to position itself as a high-throughput blockchain suitable for institutional use.  According to Suis official status page, the outage lasted 5 hours and 55 minutes before mainnet activity resumed. Validators, however, remain listed as having “degraded performance.” The network team promised to release a full incident report in the coming days to address the root cause and proposed fixes.  Market Reaction: SUI Token Slides  During the outage, the SUI token dropped 6.6% to a low of $0.90, according to CoinGecko. By early Friday, the token had recovered slightly to $0.93, though it remains below its recent highs. As of May 29, 2026, SUI is trading at $0.9185, with a market capitalization of $4.13 billion.  This marks another setback for SUI following a volatile month. Just days earlier, on May 25, SUI saw a $14.85 million token unlock, its largest release to date, which added selling pressure. Earlier in May, however, the token had

05-30

Pundit Says The Clock Is Ticking For XRP, Here’s What To Know

Tech  Pundit Says The Clock Is Ticking For XRP, Heres What To Know  Bitcoin Ethereum News  XRP has spent the better part of 2026 grinding sideways in what looks like a coiling spring, except the spring may not be loading for an upward surge.  XRPs four-month consolidation has trapped its price below a major resistance zone at $1.65, and according to crypto pundit CasiTrades, the clock is ticking because XRP is now exposed to one more move into lower macro support before any stronger recovery attempt begins.  Four Months Of Failure At $1.65  CasiTrades‘ analysis is based on XRP’s inability to break back above the upper boundary of its consolidation structure on the 4-hour candlestick chart. As shown on the chart below, XRP has spent several months moving inside a range with lower highs. That has created a compression pattern where the next decisive move could be important for the broader trend.  The most important level in the analysis is $1.65, because this price level has acted as the ceiling of the current structure since February, and each rejection from that area has weakened the immediate bullish case.  According to CasiTrades, the longer the XRP price fails to reclaim $1.65, the more likely it becomes that it needs

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