AI token VVV rallies as Venice expands – But tokenomics backlash grows

Tech  AI token VVV rallies as Venice expands – But tokenomics backlash grows  Venice Token [VVV] remains among the artificial intelligence-focused tokens that have continued to attract strong investor capital in recent weeks, especially as Venice AI expands its product into real-world partnerships.  However, the gains have also triggered backlash over the projects tokenomics structure. Critics across the market have questioned the dual-token approach, arguing that it could become a long-term liability for Venice Token [VVV].  Converging capital flows support rally  There has been a notable convergence in buying activity across both the spot and perpetual markets for VVV, suggesting aligned demand that continues to strengthen the assets market structure and bullish momentum.  The asset, which has gained roughly 13% over the past day and traded around $13 at press time, has recorded a sharp shift from selling pressure to net buying activity in recent days.  Source: CoinGlass  Between the 5th and 6th of May, investors sold approximately $4.38 million worth of VVV. However, the trend has since reversed, with buyers accumulating roughly $372,000 worth of the asset, signaling renewed market confidence.  The perpetual market has reflected a similar trend, with capital inflows rising alongside a positive funding rate.  Data from CoinGlass showed that nearly $21 million in fresh capital

05-08

Ripple’s XRPL Linked to Interbank System in Major Pilot With JPMorgan, Mastercard, Ondo

The pilot linked XRPL to global banking infrastructure, enabling institutions to execute cross-border transactions in a single, integrated flow.  ;  }  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);  });  }  })();  Blockchain settlement rails are increasingly becoming intertwined with the global financial system. A group of firms recently achieved a feat that could introduce 24/7 settlements for traditional financial markets.  According to a tweet, the tokenization platform Ondo Finance, card services provider Mastercard, and JP Morgan‘s blockchain platform, Kinexys, are involved in

05-08

Amazon’s new AI wallet: AWS, Coinbase, and Stripe build payment rails for bots

Amazon Web Services (AWS) rolled out a new payments infrastructure for AI agents on Thursday which is built in partnership with Coinbase and Stripe.  AWS explained that autonomous software agents will be allowed to buy APIs, web content, MCP servers and other online services in real time using stablecoins. It added, however, that future versions would eventually support larger purchases such as hotel bookings, travel reservations and merchant payments.  “Amazon Bedrock AgentCore Payments” is designed for AWS described as the emerging “agentic economy”, where AI agents transact independently inside a single execution loop.  The first version of the system focuses on micropayments, allowing agents to instantly pay for APIs, data feeds, paywalled content and other digital services, often for fractions of a cent, AWS said.  Bedrock is built on Coinbase‘s x402, the HTTP-native payment protocol for powering agent-to-agent transactions with stablecoins, while Stripe’s Privy wallet is being used as a payment connection.  “There will soon be more AI agents transacting than humans, and they need money that‘s built for the internet – programmable, always on, and global,” said Brian Foster, Coinbase’s head of infrastructure growth.  Fosters words echo those of Coinbase founder Brian Armstrong, Binance founder Changpeng Zhao and of Cardano Founder Charles Hoskinson, who agree

05-08

Layoffs Accelerate in May 2026 as Firms Restructure Around AI

More layoffs swept across industries in early May 2026 as a fresh wave of firms announced job cuts.  Many of the cuts share a common driver. Companies are rebuilding around artificial intelligence (AI).  Cloudflare Announces Layoffs in May 2026  Cloudflare announced Thursday it would cut more than 1,100 jobs globally, about 20% of its 5,156-person workforce, as reported at the end of 2025. The firm revealed that internal AI usage increased by more than 600% in three months.  “We have to be intentional in how we architect our company for the agentic AI era in order to supercharge the value we deliver to our customers and to honor our mission to help build a better Internet for everyone, everywhere,” the email read.  On the same day, payments firm BILL said it would slash headcount by up to 30%. In addition, Upwork CEO Hayden Brown informed employees that the company would cut roughly a quarter of its workforce.  “We chose to take this step now for two reasons: (1) we know we move faster with smaller teams. Our 2024 layoff followed by excellent 2025 execution give us confidence this works. (2) To meet our profitability goals in a challenging environment,” Brown said.  Media reports also revealed that Ticketmaster

05-08

Coinbase Reports 8.6% Record Market Share and $200 Million Derivatives Revenue

Coinbase reported record crypto market share as derivatives, stablecoins, and on-chain products gained traction. The company posted $202 billion in quarterly trading volume and said retail derivatives annualized revenue topped $200 million.  Key Takeaways:Coinbase reached 8.6% crypto trading volume market share, setting a new company high.Derivatives adoption lifted retail annualized revenue above $200 million, expanding Coinbases revenue mix.Base and $USDC activity could further strengthen Coinbases role in digital payments.  Coinbase Hits Record Market Share as Derivatives Revenue Tops $200 Million  Coinbase Global Inc. (Nasdaq: COIN) reported on May 7 that its first-quarter performance reflected stronger participation across spot trading, derivatives, stablecoins, and on-chain products. The crypto firm posted $202 billion in quarterly trading volume, $294 billion in assets held on platform, and a workforce of more than 4,900 employees.  Retail and institutional participation accelerated during the quarter. “Coinbase crypto trading volume market share increased to 8.6%, a new all-time high driven by product innovation and derivatives growth,” the crypto firm noted, adding that derivatives have become a larger part of its trading business, with trailing-12-month volume up 169% from the prior year. Retail derivatives also reached an annualized revenue run rate above $200 million, while prediction markets crossed $100 million in annualized revenue less

05-08

Why Ethereum at $1 Felt Too Risky for Ripple CTO David Schwartz

Schwartz sold Ethereum near $1, prioritizing risk control over long-term upside.Even 1% belief in major upside would have changed his Ethereum holding decision.Schwartz reduces crypto exposure, relying on Ripple equity and a conservative stance.  Ripple CTO David Schwartz reignited debate across the crypto community after revisiting one of his most discussed investment decisions. Schwartz reflected on selling his Ethereum holdings near $1, long before the asset surged into the thousands. His comments revealed a cautious approach toward wealth preservation, despite his early involvement in several successful digital assets.  Schwartz Explains His Ethereum Decision  Schwartz recalled selling his Ethereum at roughly $1.05 during cryptos early years. However, he argued that the decision matched his understanding of risk at the time. He explained that he never believed Ethereum realistically carried strong odds of reaching prices above $2,000.  Besides, Schwartz emphasized that even a small belief in Ethereums future potential would have changed his decision entirely. He noted that a mere 1% confidence level in such an outcome would have convinced him to hold the asset longer.  His remarks sparked fresh reactions among crypto investors. Many users questioned how someone deeply connected to blockchain innovation could part with Ethereum so early.  However, Schwartz framed the situation differently. He argued

05-08

$396 mln ETH moves: Are Ethereum whales preparing for another sell-off?

Paradigm Capital deposits $27 million in ETH  their positions entirely, Ethereum is facing significant sell-side pressure.  On the 6th of May, Ethereums Exchange Netflow rose to a monthly 160.9k ETH, with 983.3k ETH entering exchanges. This trend persisted at press time, with Netflow remaining positive at 7.4k ETH.  Netflow at such extreme levels suggests sellers have been highly active. As a result, supply on exchanges has also increased significantly.  Source: CryptoQuant  Exchange Supply Ratio made a significant trend reversal, rising from 0.121 to 0.122 over two consecutive days. The rising ESR signaled increased sell-side activity, while buyers have slowed down significantly.  Often, a higher exchange supply has strengthened downside risk, leading to lower prices.  What momentum indicators say  With selling pressure overwhelming the market, downside momentum has slightly strengthened. Ethereums Directional Movement Index (DMI) formed a bearish crossover, with +DI falling below ADX.  With the momentum indicators set as they are, this suggests that although the market trend is strong, bullish pressure has weakened significantly.  Thus, the trend grew faster than the bullish momentum. However, with the -DI holding both the ADX and the +DI below, it suggests buyers still have a slight edge over the market.  Thus, if sellers manage to push bullish pressure aside, ETH could drop below $2.3k

05-08

Vitalik Buterin gets sandwiched by JaredfromSubway as Ethereum MEV risks linger

Buterin has spent the past several months pitching encrypted mempools as a fix for toxic MEV in Ethereums 2026 roadmap.  MEV is the profit that whoever orders transactions on a blockchain can pocket by reshuffling them. Anyone running a bot that watches the public mempool, the holding pen where pending transactions sit before being added to a block, can spot opportunities to insert their own trades around someone elses.  Sandwich attacks are the most aggressive form, with cumulative MEV extracted on Ethereum is now over $1.2 billion and these type of attacks accounting for roughly 51% of the total volume.  Buterin, among other developers, argue that MEV creates a hidden tax on regular users that can favour large, specialized operators over everyone else.  Jaredfromsubway.eth rose to prominence in 2023 as it sandwiched traders of meme coins like pepe and wojak during the then meme frenzy.  It briefly accounted for 7% of all gas fees on the network in April that year, and has reportedly extracted more than $7 million from victims across hundreds of thousands of transactions since.  The bot adapts faster than the protocols trying to stop it. It has survived contract upgrades, mempool filtering, and several attempts by builders to design exploits that drain

05-08

Toncoin (TON) Price Rally Might End at $3, Ethereum (ETH) Becomes Falling Star, Bitcoin (BTC) First $82,000 Attempt in 380 Days: Crypto Market Review

Over the past few days, Toncoin has produced one of the markets biggest rallies, blowing through significant resistance zones and surprising traders with how quickly it moved. The price quickly recovered the 50, 100, and 200 EMAs after surging from a protracted accumulation range into a nearly vertical breakout.  Momentum is still very bullish on shorter timeframes as of right now. During the breakout, RSI moved far into overheated territory, while volume expanded rapidly. Technically speaking, the move represents a classic momentum squeeze, in which buyers flooded in at the same time that shorts became trapped.  However, there are increasing indications that the rally may be nearing exhaustion in the vicinity of $3. The structure, as it is now, appears to be stretched. Rarely do vertical rallies last forever without significant corrections, particularly following such a rapid expansion from low levels. The likelihood of severe volatility and aggressive profit-taking is increased because TON is currently trading well above its recent average price range.  Toncoin (TON) Price Rally Might End at $3, Ethereum (ETH) Becomes Falling Star, Bitcoin (BTC) First $82,000 Attempt in 380 Days: Crypto Market Review  XRP Holdings Disclosed by Worlds Leading Asset Manager  In fact, one of the main bullish factors driving the

05-08

Why Yat Siu says the metaverse is over

Animoca Brands chairman Yat Siu told Consensus Miami 2026 that the metaverse is over as a consumer destination, and that 100 billion AI agents will become blockchains primary users.Yat Siu said the pandemic-era vision of humans living in virtual worlds was wrong, and that the metaverse was a proof of concept for AI agent infrastructure rather than a consumer product.He predicted 50 to 100 billion AI agents will eventually operate on the internet, outnumbering humans and transacting autonomously on blockchain networks.Animoca announced a $10 million investment initiative for developers building AI agent applications through its Animoca Minds platform.  Animoca Brands chairman Yat Siu told Consensus Miami 2026 on Thursday that the metaverse, as the crypto industry imagined it during the pandemic, was never really built for humans.  “Where were landing is that the metaverse, the blockchain-based one, was really the proof of concept for agents,” he said. “In other words, it was never really destined for humans as a prime consumer.”  The remarks mark a clean break from Animocas earlier positioning. The firm was among the most prominent advocates of the pandemic-era metaverse vision, which assumed users would spend growing amounts of their social and economic lives in immersive virtual environments.  Siu attributed that

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