About 24 hours after Minnesota Governor Tim Walz signed a bill into law passed by the state’s legislature to effectively ban prediction markets in the state, the CFTC pushed back with its own lawsuit.
The potential liquidity crisis for Tether and Circle highlights systemic risks in the stablecoin market, prompting regulatory scrutiny and reforms.
The post Expert warns Tether, Circle face liquidity crisis despite T-bill reserves appeared first on Crypto Briefing.
Bernstein says miners control 27 GW of planned power and $90 billion in AI deals, giving them a strategic edge as electricity becomes the main constraint on data center growth.
The lawsuit's outcome could redefine state vs. federal regulatory power, impacting the legal landscape and future of prediction markets nationwide.
The post CFTC sues Minnesota to block prediction market ban set for August 1 appeared first on Crypto Briefing.
Gemini Spark's launch could intensify AI competition, impact digital asset markets, and raise security concerns in AI-driven financial transactions.
The post Google unveils Gemini Spark, a 24/7 AI agent that works while you sleep appeared first on Crypto Briefing.
Minnesota's ban has made it a felony to create or operate a prediction market in the state. The CFTC and DOJ say it violates federal law.
Zerohash's funding pursuit highlights the challenges and opportunities in scaling digital asset infrastructure amid evolving market dynamics.
The post Zerohash seeks new funding at over $1.5B valuation after Mastercard drops investment plans appeared first on Crypto Briefing.
Zcash Foundation's financial stability and regulatory clearance enhance its focus on innovation, yet global regulatory pressures persist.
The post Zcash Foundation ends Q1 with $36.6M in liquid assets, $817K in expenses appeared first on Crypto Briefing.
Strengthened Russia-China digital currency ties could challenge the dollar's dominance, reshaping global economic and geopolitical dynamics.
The post Putin arrives in Beijing for Xi Jinping talks as Russia-China digital currency ties deepen appeared first on Crypto Briefing.
The stablecoin market's consolidation around USDT and USDC suggests a durable oligopoly, limiting new entrants despite regulatory efforts.
The post Tether’s USDT grows as stablecoin supply tops $300B, rivals decline appeared first on Crypto Briefing.
The stablecoin market's consolidation around USDT and USDC suggests a durable oligopoly, limiting new entrants despite regulatory efforts.
The post Tether’s USDT grows as stablecoin supply tops $300B, rivals decline appeared first on Crypto Briefing.
The sanctions intensify US efforts to disrupt financial networks supporting terrorism, impacting global compliance and crypto operations.
The post US Treasury sanctions Gaza flotilla leaders linked to Hamas and PFLP front groups appeared first on Crypto Briefing.
Bitcoin’s latest rally has run into a major technical and on-chain resistance zone, with CryptoQuant research head Julio Moreno warning that several indicators now point to elevated correction risk after a sharp rebound from April lows. Moreno said CryptoQuant had been flagging a potential pullback for weeks, citing high unrealized profits, a spike in profit-taking across spot and futures markets, slowing US spot demand, and resistance from both technical and on-chain price levels. The firm’s latest analysis frames Bitcoin’s move toward the 200-day moving average as a critical test for whether the rally has durable support or resembles a bear-market rebound running out of momentum. Why The Bitcoin Correction Risk Is Rising “Bitcoin has reached a major bear market resistance level, the 200-day moving average at $82.4K, following a 37% price rally from the April lows. The parallel with March 2022 is direct: in that cycle, Bitcoin also rallied 43% before hitting the 200-day MA, after which the price resumed its downward trend. The current setup raises the question of whether history repeats,” CryptoQuant wrote in its May 13 report, titled “Wall of Resistance: Bitcoin Tests the 200-Day MA as Profit-Taking and Weak US Demand Cap the Rally.” Related Reading: Bitcoin Supply Shock? Binance Flags 500,000 BTC Leaving Exchange The comparison with March 2022 is central to the firm’s caution. In CryptoQuant’s reading, the 200-day moving average is not just a technical line on the chart, but a zone where prior bear-market rallies have failed when supported by weak demand and heavy profit-taking. Bitcoin’s 37% move from April lows has brought the market back to that same kind of inflection point. A key concern is the rise in unrealized profits among traders. CryptoQuant said traders’ unrealized profit margins reached 17.7% on May 5, the highest level since June 2025. That matters because holders with sizable paper gains often become more willing to sell into strength, especially when a rally approaches a widely watched resistance level. The firm said those margin levels mirror the conditions seen in March 2022, when Bitcoin last tested the 200-day moving average before resuming its broader decline. The implication is not that the market must repeat that outcome, but that the current setup carries a similar distribution risk if demand does not strengthen. Realized profit data suggests that some selling has already begun. CryptoQuant said daily realized profits surged to 14.6K BTC on May 4, the highest level since December 10, 2025. According to the report, spikes of that scale during bear-market rallies have historically preceded local tops, as newly profitable short-term holders accelerate selling into price strength. Related Reading: The Bitcoin Meltdown: What’s Behind The Drop To $76,000, And What’s Next The demand side of the market also remains a weak point in CryptoQuant’s assessment. The Coinbase Bitcoin Price Premium turned negative in late April and stayed below zero as Bitcoin approached $80,000, which the firm interpreted as a sign of decelerating US investor demand. CryptoQuant argued that sustained positive Coinbase premium has historically been a prerequisite for more durable Bitcoin rallies, and that its absence suggests the current move lacks broad-based US institutional conviction. Spot apparent demand has improved, but remains negative. The contraction narrowed from minus 91K BTC in April to minus 11K BTC, according to the report. CryptoQuant said that indicates conditions have become less severe, but not strong enough to confirm sustained spot accumulation. The firm also noted that demand growth appears concentrated more in speculative perpetual futures positioning than in spot buying. If a correction develops, CryptoQuant identified the main on-chain support level near $70,000, represented by the Traders’ On-chain Realized Price. The firm said this level has historically acted as a resistance-turned-support band in bear markets because it reflects the average cost basis of short-term traders. At press time, BTC traded at $76,961. Featured image created with DALL.E, chart from TradingView.com
The asset manager recently launched a HYPE-based exchange-traded fund and said it will use some of the fees generated to buy the token.
Google's expanded CodeMender access intensifies AI security competition, potentially reshaping cybersecurity strategies across industries.
The post Google expands CodeMender access to compete with Anthropic’s Mythos in AI security race appeared first on Crypto Briefing.
Google's Gemini 3.5 Flash intensifies the AI arms race, challenging decentralized AI projects to justify their value against Big Tech's offerings.
The post Google launches Gemini 3.5 Flash, its most powerful AI model yet appeared first on Crypto Briefing.
Google's AI-driven search evolution could disrupt traditional web traffic and commerce, challenging existing digital marketing and payment models.
The post Google transforms Search into AI-powered interactive experience this summer appeared first on Crypto Briefing.
The head of digital assets and tokenization at one of Germany’s largest asset managers said that USDT and USDC are not stablecoins, from his perspective.
The Block's data shows onchain equities trading volume growing since the start of the year, and hitting an all-time high on Monday.
Bitcoin futures and orderbook data show dip buyers waiting for a BTC price drop below $70,000.
The research firm said bitcoin traders remain unusually defensive, reducing the risk of the kind of leverage-driven collapse seen in prior downturns.
Google's Project Aura could redefine spatial computing, fostering a robust XR ecosystem and potentially transforming decentralized app interfaces.
The post Google unveils Project Aura Android XR glasses with new features appeared first on Crypto Briefing.
Google's lifesize AI agent Sophie highlights the growing need for decentralized identity solutions to manage data privacy and user consent.
The post Google unveils lifesize AI agent Sophie in secretive Beam Lab experiment appeared first on Crypto Briefing.
Rising tensions could disrupt oil markets and boost crypto adoption in Iran, while increasing regulatory scrutiny on Western exchanges.
The post Trump holds meeting on Iran war plans after pausing attacks, and crypto markets are watching closely appeared first on Crypto Briefing.
Google is partnering with Warby Parker and Gentle Monster on Android XR smart glasses that bring Gemini into wearable AI devices.
The post Google revives smart glasses ambitions with Gemini powered Android XR eyewear appeared first on Crypto Briefing.
DeepMind's integration could revolutionize virtual environments, impacting gaming, robotics, and metaverse development by enhancing visual fidelity.
The post Google DeepMind integrates Street View with Project Genie for immersive simulations appeared first on Crypto Briefing.
Google's AI agents could revolutionize information access and market intelligence, but raise concerns about security and data centralization.
The post Google unveils AI-powered information agents at I/O 2026 appeared first on Crypto Briefing.
Google's AI Studio democratizes app development, potentially reshaping industries by lowering entry barriers and altering competitive landscapes.
The post Google’s AI Studio enables rapid Android app creation in minutes appeared first on Crypto Briefing.
Gemini Spark's integration into financial monitoring could challenge crypto's decentralization ethos, raising privacy and regulatory concerns.
The post Google launches Gemini Spark, its always-on AI agent built to rival OpenClaw appeared first on Crypto Briefing.
Gemini Spark's integration into financial monitoring could challenge crypto's decentralization ethos, raising privacy and regulatory concerns.
The post Google launches Gemini Spark, its always-on AI agent gunning for OpenClaw’s crown appeared first on Crypto Briefing.