Mark Zuckerberg bets $15 billion on an AI company as stablecoins win over Fortune 500 companies.
Sam Bourgi
Sam Bourgi is a business editor at Cointelegraph, where he brings a decade of experience in economic analysis and financial market writing. Past roles included think tanks, boutique research firms and the wild world of freelance crypto. His passions include Bitcoin, Austrian economics and writing. Also heavy music and strong coffee.
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Crypto Biz: Meta’s AI bet, Fortune 500’s stablecoin push - News
Deutsche Telekom, Alibaba Cloud, Vodafone are running nodes on Nillion The Enterprise Cluster initiative enables decentralized use cases for privacy-sensitive operations across healthcare and finance.
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Peaq and UAE bet on tokenized machines to power future economy The UAE Machine Economy Free Zone envisions a world where tokenholders receive a share of the revenue from machine-economy activities.
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After stablecoin push, Stripe acquires crypto wallet developer Privy The acquisition of Privy follows Stripe’s entry into the stablecoin market in 2024.
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ASTR becomes OP Superchain’s first interoperable token via Chainlink CCIP Users will eventually be able to transfer ASTR to any Superchain network, according to OP Labs’ Zain Bacchus.
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Meta’s AI shortfall prompts Zuckerberg’s $15B investment in Scale AI — Report Mark Zuckerberg is reportedly assembling a superintelligence group that will include Scale AI founder Alexandr Wang.
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Investment giant Guggenheim taps Ripple to expand digital debt offering Guggenheim’s Treasury-backed fixed-income product will be available on the XRP Ledger.
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Telegram founder Durov on arrest, detention in France: ‘I’m confused’ In an interview with Tucker Carlson, Pavel Durov’s first since being indicted on six charges in 2024, said his company did nothing wrong.
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Nasdaq-listed fintech Netcapital acquires crypto native protocol Mixie Shares of NCPL surged more than 16% on the news of the Mixie acquisition and are up 48% year-to-date.
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Tether plans to open-source Bitcoin mining OS; CEO says ‘no need’ for 3rd party vendors The USDt issuer plans to launch its open-source project by the fourth quarter of 2025, according to CEO Paolo Ardoino.
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Retail is back, but not where you think — Bitget COO Vugar Usi Zade dispelled the myth that retail investors are no longer interested in Bitcoin and cryptocurrency.
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VC Roundup: Twenty One investors inject $100M into BTC treasury, Jump Crypto backs Securitize Twenty One Capital, Securitize, aZen, Savea and Dexari headline a less active month for crypto venture capital.
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Midas launches tokenized T-Bill on Algorand The first atomic swap, conducted on May 27, saw $2 million in USDC exchanged for the new mTBILL.
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Former Chainlink, Two Sigma execs build ‘Moirai’ to uncover crypto gems The executives behind Metalayer Ventures have launched a $25 million venture fund with a focus on stablecoins and tokenization.
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Trump supports bill to buy 1 million BTC — Senator Lummis The Trump administration is working on bills related to stablecoins, market structure and the Bitcoin Strategic Reserve “in that order.”
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BlackRock in-house portfolio boosts IBIT Bitcoin ETF exposure by 25% The $11 trillion asset manager reported holding more than 2.1 million shares of IBIT as of March 31.
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Taurus, Parfin partnership to provide crypto infrastructure to institutions Taurus said the partnership would enable its expansion into Latin America, a region that ranks highly for cryptocurrency adoption.
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Former CFTC Chair Christopher Giancarlo joins crypto bank Sygnum Nicknamed “crypto dad,” Giancarlo headed the Commodity Futures Trading Commission between 2017 and 2019.
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Decentralized AI could be ‘bigger than Bitcoin’ — DNA Fund CEO Chris Miglino DNA Fund is entrenched in the Bittensor ecosystem, believing decentralized AI could be the next major breakthrough.
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Crypto Biz: From shorting the Venezuelan Bolivar to shorting the US dollar Lessons from hyperinflation lead more people to Bitcoin, according to Ledn co-founder Mauricio di Bartolomeo.
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‘In ‘93, it became clear to me AI should be decentralized’ — Ben Goertzel Thirty-five years after his PhD, Ben Goertzel has witnessed many of his early ideas flourish in the mainstream.
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Alchemy acquires no-code NFT launchpad HeyMint for undisclosed amount HeyMint is Alchemy’s second acquisition this month, joining the recently announced Solana ecosystem company Dexter Lab.
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Ledn ditches ETH, shifts to full custody model for Bitcoin loans Ledn will no longer lend out client assets to generate yield, opting instead to keep Bitcoin under full custody.
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OpenAI plans to ship 100 million pocket-sized AI devices for everyday use Sam Altman didn’t specify how the new devices would operate or what they would look like.
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Bank lobby is 'panicking' about yield-bearing stablecoins — NYU professor Citing sources close to the banking lobby, Austin Campbell says financial institutions are spooked by stablecoins that pay interest.
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Guatemala’s largest bank integrates blockchain for cross-border payments "Invisible" crypto infrastructure provider SukuPay is now integrated into Guatemala's biggest banking provider, Banco Industrial.
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Validation Cloud deploys Web3 AI engine on Hedera Although DeFi accounts for over half of onchain activity, the data remains cumbersome and difficult to understand for ordinary users, according to Validation Cloud.
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Argentina's Milei shuts down task force investigating LIBRA scandal The Argentine president has faced a major backlash after promoting a token with all the characteristics of a classic crypto pump-and-dump.
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‘Before Bitcoin, my most successful investment was shorting the Bolivar’ — Ledn co-founder Bitcoin holders can now employ a similar strategy by shorting the US dollar and holding on to the harder asset, BTC, said Mauricio di Bartolomeo.
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Solv brings RWA-backed Bitcoin yield to Avalanche blockchain The SolvBTC.AVAX token generates yield through a multi-protocol strategy that involves Elixir, Euler and Re7.