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Big Tech Sell-Off Hits Risk Assets Hard and Crypto Suffers Most
- Bitcoin fell near $62,300 as a Big Tech selloff hit global risk assets.
- Ethereum, XRP, and Solana extended losses as semiconductor stocks led a global rout.
- South Korea's Kospi sank 10% as Samsung and SK Hynix dropped over 12%.
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After MiCAR, Europe’s Crypto Market Enters the Supervision Era
- Europe’s crypto market is moving toward long-term supervision, governance, and operational responsibility under MiCAR.
- Audrey Lim says successful implementation will depend on trust, investor protection, resilience, and credible regulatory engagement.
- KuCoin EU sees compliance and commercial growth as connected parts of building a sustainable digital asset business in Europe.
Alphabet Shares Drop 6% as Top AI Developers Shift to Anthropic and OpenAI
- Alphabet shares plummeted 6% as top developers John Jumper and Noam Shazeer joined rival firms.
- Nobel laureate John Jumper left Google DeepMind for Anthropic, while Shazeer joined OpenAI.
- The exodus erased roughly $250 billion in Alphabet's market cap in a single trading day.
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Senate Passes Housing Bill Banning Federal Reserve CBDC Until 2030
- The US Senate passed a housing bill banning a Federal Reserve CBDC through 2030.
- H.R. 6644 cleared the Senate 85-5 and now heads to the House floor.
- The bill also bars institutional investors from buying single-family homes.
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Best Crypto Platforms to Buy Tokenized Gold in 2026
Tokenized gold platforms reviewed: Bitget, Binance, Kraken, Coinbase, Bybit. Evaluation criteria: regulatory compliance, supported gold tokens, trading fees, liquidity depth, and geographic availability.
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Pay With Any Crypto? Bitget Wallet Takes a Big Step Towards Real Crypto Payments
- Bitget Wallet has expanded payment support to more than 40 onchain assets across card top-ups and QR payments in 50+ markets.
- Supported assets now include BRZ, XSGD, and SHIB alongside USDT, USDC, ETH, POL, SOL, BNB, and BGB.
- The company plans to add thousands of tokens across more networks in the coming months through its Onchain Payments Matrix.
OpenAI Pitches Chatbot Ads at Cannes as $1 Trillion IPO Looms
- OpenAI made its Cannes Lions debut pitching a $100B ChatGPT ad business.
- Senior ad executives say the platform lacks tools to justify that target.
- An OpenAI researcher resigned over privacy fears when ChatGPT ads launched.
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Is Bitcoin Mining Becoming an Energy and Infrastructure Business?
- Bitcoin miners are moving from maximum hashrate to maximum profitable hashrate.
- Firmware tuning, curtailment, heat reuse, and dynamic load management are becoming core profitability tools.
- Energy-backed mining sites and lean operators appear best positioned for the next cycle.
- Mining is expected to remain energy-intensive, but the strongest operators will use power more flexibly.
KOSPI Falls 8%, Triggers Circuit Breakers, as Big Tech Selloff Hits Asia
- KOSPI plunged over 8% as foreign investors dumped trillions of won in shares.
- Samsung Electronics fell 8.77% and SK Hynix fell 11.55 % as the biggest drops.
- Alphabet and SpaceX led Wall Street's tech rout, sparking the Asian decline.
