Category: crypto

IMF lowered its global growth forecast for 2026 to 3.1% due to the Middle East conflict, while raising inflation forecast to 4.4%. The report warned of potential downside risks, including a scenario where global growth could slow to 2.5% and inflation could rise to 5.4% if energy prices continue to rise.

Coinbase has introduced crypto-backed loans in the UK, allowing users to borrow up to $5 million in USDC against digital assets such as bitcoin and ethereum. The loans, issued through Morpho on Base, have variable interest rates and no fixed repayment schedule, with liquidation tied to collateral value thresholds. The service is expanding globally, with…

Bitcoin is trading near $75,000 as it approaches a $7.9 billion Deribit options expiry this Friday. Heavy call interest at $75,000 and negative gamma could lead to increased price volatility. Negative funding rates indicate a short buildup, raising the risk of a squeeze above $75,000. The market is watching key levels at $75,000, $62,000, and…

Piraeus Bank, in collaboration with Accenture and Anthropic, has launched an AI hub to integrate AI across its operations on an enterprise level. The hub will focus on cloud-first technology, workforce training, and updating core banking functions. This initiative aims to strengthen internal capabilities, build trust with customers and regulators, and create a resilient foundation…

Strategy purchased 34,164 bitcoins for $2.54 billion, increasing their total bitcoin holdings to 815,061 BTC. The acquisition was funded through sales of MSTR and STRC. With this purchase, Strategy now holds over 3.8% of the total 21 million BTC supply. The company remains the largest public corporate holder of bitcoin.

Google is in talks with Marvell Technology to develop two AI-focused chips, including a memory processing unit and a new TPU, to enhance the efficiency of AI models. This move is part of Google’s effort to position its chips as an alternative to Nvidia GPUs and expand partnerships with other chipmakers.

Binance reassures users that their platform and assets were not affected by Vercel’s security breach, where unauthorized access led to data being offered for sale for $2 million. The incident highlights the risk of supply chain breaches for Web3 projects relying on shared front-end infrastructure, prompting increased security measures industry-wide.

Coinbase is testing AI agents Fred and Balaji to assist employees with strategy and creative problem-solving. CEO Brian Armstrong predicts that AI agents may soon outnumber human employees within the company, aiming to handle tasks and increase efficiency in crypto and digital transactions. The move aims to support employees with daily tasks and improve workflow…

Polymarket is in talks to raise $400 million in funding, potentially reaching $1 billion. The company has seen increased activity with monthly trading volumes surpassing $10 billion, expanding beyond the 2024 US election into markets like sports and finance. However, legal challenges and increased competition are looming.

Vercel confirms a security breach involving unauthorized access to internal systems through a compromised employee account linked to an AI tool. Hackers claim access to source code, databases, and internal accounts. Company advises users to rotate credentials and monitor accounts. Breach detected quickly, investigation ongoing. Key projects secure. Users urged to follow security steps.