Category: Cryptocurrency

Tether and Fasset have introduced a new Visa card that allows users to spend tokenized gold in everyday transactions while earning rewards in Tether Gold (XAU₮). The card operates on Visa’s global payment network and can be used wherever Visa is accepted.

When making a purchase, the card automatically converts XAU₮ into USDT, then into the local currency at checkout. This process bridges the gap between digital gold as an investment and a practical spending tool. Users can earn up to 6% cashback in XAU₮ on eligible purchases, with rewards credited directly and in real time.

A unique round-up feature invests spare change from each transaction into Tether Gold, enabling users to gradually build gold exposure without manual purchases. Tether has committed up to $1 million worth of XAU₮ to support the rewards program, aiming to boost everyday use of tokenized gold.

The tokenized gold market has grown to over $5.3 billion, with XAU₮ representing more than $2.6 billion. This launch follows Tether’s broader expansion into digital asset services, including a partnership with the Government of Georgia on a digital currency linked to the Georgian lari and the acquisition of SoftBank’s stake in Twenty One Capital.

Senator Cynthia Lummis has sharply rebuked JPMorgan Chase CEO Jamie Dimon for his recent attack on the Clarity Act and Coinbase CEO Brian Armstrong. The Wyoming Republican claimed Dimon either failed to read the legislation or deliberately misrepresented its contents.

During a CNBC interview, Lummis, who chairs the Senate Banking Subcommittee on Digital Assets, responded after Dimon argued that the bill lacks robust protections for stablecoins and crypto deposits. She described his remarks about Armstrong as “really distasteful.”

Dimon had previously told CNBC that “no one is going to bow down to Armstrong or Coinbase” and labeled Armstrong as “full of sh–” while discussing the Clarity Act and banking industry opposition. He contended that the bill would allow crypto firms to offer interest-like rewards without the safeguards that banks must follow, and claimed it does not adequately address Anti-Money Laundering rules or the Bank Secrecy Act.

Lummis rejected that interpretation, asserting that AML and BSA requirements already apply to digital assets and are explicitly included in the bill. The dispute centers on whether crypto platforms should be permitted to reward users for holding stablecoins, a practice that banking groups warn could let crypto firms compete with banks while avoiding deposit insurance rules.

The American Bankers Association has urged lawmakers to close what it sees as a loophole that allows digital asset service providers to bypass restrictions on paying yield on payment stablecoins. These concerns were tied to the GENIUS Act, which established stablecoin rules prior to the current market-structure debate.

A legal analysis from Davis Wright Tremaine noted that the Digital Asset Market Clarity Act, advanced by the Senate Banking Committee on May 14, 2026, covers illicit finance, decentralized finance, stablecoin yield limits, tokenization standards, developer protections, customer property rules, and bankruptcy protections.

When asked about her financial and political ties to the crypto industry, Lummis told CNBC that lawmakers working on industry-specific legislation commonly receive contributions from those affected by the policies. She has been one of Congress’s most vocal crypto supporters and is building a pro-crypto coalition in Congress. Coinbase has emerged as one of the largest political donors in the crypto space, as debates intensify over whether digital asset rules should empower market regulators or banking regulators.

The cryptocurrency market has entered a period of sideways movement as investors await clearer macroeconomic signals. Dogecoin is hovering near $0.101, testing a crucial support trendline, while Solana trades around $81.82 with reduced speculative leverage. Amid this calm, BlockDAG has made waves by launching its stablecoin, expanding liquidity, and activating buyback protocols. The project’s casino is now fully operational, adding real-world utility. With a current price of $0.00000044 in the Legacy Sale and a 30% discount via live swap, BlockDAG is drawing massive attention.

BlockDAG’s ecosystem is thriving: over 4.72 billion tokens have been staked, miners are shipping to users, and the asset is listed on 13 exchanges. The mobile app boasts 4 million active users, and BlockDAG ranks as the second most viewed coin on CoinMarketCap. The stablecoin launch and buyback mechanism are key catalysts, with users able to register to sell BDAG at $0.001 per token, settling in USDT before November 1, 2026. This transparency is bolstered by proof of funds on the official page.

Dogecoin’s price action shows consolidation near $0.1010, with the RSI at 50 indicating balanced momentum. Bollinger Bands are narrowing, suggesting an impending breakout. Support at $0.0981 and resistance at $0.1020 define the current range. Open interest remains flat at $1.28 billion, and trading volume has dropped 49%, reflecting trader caution. If buyers defend support, a move toward $0.121 is possible.

Solana’s price today at $81.82 reflects a 1.46% daily decline, remaining below key moving averages. Despite short-term pressure, institutional inflows into Solana ETFs exceeded $115 million in May, providing a buffer. Futures open interest fell 30%, indicating lower speculative activity. The RSI and MACD suggest weakness, with consolidation expected between $79.00 and $85.50. A breakout above $89.21 could signal a reversal, while a drop below $79.00 may accelerate losses.

BlockDAG’s achievements are staggering: millions of blocks produced, 4.72 billion tokens staked, 13 exchange listings, and physical miners shipping. The Super App is set to launch soon, adding further utility. The project’s visibility is unmatched, securing the second spot on CoinMarketCap’s most viewed list. The Legacy Sale at $0.00000044 offers explosive upside potential, with the live swap discount providing immediate value. As markets wait for direction, BlockDAG is forging its own path with tangible utility and community growth.

Pi Network’s token has slipped to around $0.138, marking a 22% decline over the past month and approaching its historical bottom. The breakdown of a falling wedge pattern on the daily chart has intensified selling pressure, with the token now trading just above its all-time low zone near $0.13. The pattern, which had been forming since April, broke lower after buyers failed to overcome resistance in the $0.18-$0.20 range.

Supply pressure mounts as data from PiScan reveals over 163 million PI tokens are scheduled for release in the next 30 days. Daily unlocks average 5.45 million PI, with a major event on June 11 expected to unlock nearly 16 million tokens. This steady influx of tokens into circulation has created a challenging environment for buyers, particularly as early holders continue to take profits.

Broader market conditions have also deteriorated, with Bitcoin sliding toward $65,000 and Ethereum briefly touching $1,800. Over $750 million in crypto positions were liquidated during the recent selloff, reducing speculative demand for altcoins like Pi Network. This macro weakness has compounded the token’s troubles, leaving it vulnerable to further declines.

On the technical front, Pi Network has lost key support levels, including $0.18, $0.16, and the psychological $0.14 mark. Fibonacci retracement levels from the February low to March peak show the 78.6% retracement at $0.166 already breached, and the price is now hovering just above the 100% retracement around $0.1299, which coincides with the all-time low. The MACD histogram remains below zero, and the MACD line is under its signal line, suggesting continued bearish momentum despite a slowdown in selling pressure compared to May.

The most immediate downside risk is a decisive break below the $0.129-$0.131 support band, which could lead to a new record low. Token unlocks remain a key risk factor, as increased exchange inflows from unlocked tokens could amplify selling pressure. To stabilize sentiment, bulls would need to reclaim the former breakdown area near $0.16. A move above that could target resistance at $0.194, aligned with the 61.8% Fibonacci retracement. Until then, the chart favors sellers, making the all-time low the critical level to watch.

The phrase AI automated trading platform can mean very different things. At its simplest, it describes software that uses market data, algorithms, and sometimes machine learning to either help you decide when to trade or actually place trades for you. The big difference is between tools that just suggest trades (like scanners and alerts) and those that execute them (like bots and automated strategies). Most products sold as AI trading robots fall somewhere in between.

In 2026, demand for these platforms has grown for three real reasons — not hype. First, crypto markets never close. Bitcoin and Ethereum trade 24/7 across all time zones. An automated system that can act at 3 a.m. on a Sunday gives a true edge. Second, stock markets have too much data. There are thousands of listed companies, and scanning them all manually is impossible. AI scanners filter down to the best setups. Third, automation helps fight emotional mistakes. Studies show retail traders often lose because they hold losing stocks too long and sell winners too soon. Automated rules remove that problem.

There are six main types of platforms. AI stock scanners filter equities in real time and send alerts, but they don’t execute trades. They’re best for active stock traders who need fast idea generation. Chart automation tools let you set up conditional alerts based on technical indicators like moving averages. Some can execute through a broker, but that usually requires API setup and some coding. Crypto trading bots connect directly to exchanges and trade around the clock using strategies like grid, DCA, or trend following. They’re great for crypto traders who want true 24/7 execution, but misconfigured bots can lose money fast. No-code strategy engines are the fastest-growing category. They offer pre-built, pre-optimized strategies that activate with a few clicks — no coding needed. This makes them perfect for beginners and passive investors. Multi-market AI workflows unify crypto, forex, and stocks in one dashboard. They offer broad coverage but may lack depth in any single market. Backtesting and strategy R&D platforms are for quants and algo traders. They let you test strategies on historical data before risking real money.

When comparing platforms, focus on five things. First, market coverage: Does it support the assets you actually trade? Second, automation depth: Does it just scan, or does it execute trades automatically? Can you pause or override it? Third, risk controls: Can you set position size, stop-loss, and maximum drawdown? Can you halt everything instantly? Fourth, ease of onboarding: How many steps to start? Is there a trial? Complexity leads to mistakes. Fifth, strategy transparency: Is the logic explained in plain language? Is past performance visible? Be wary of platforms that execute trades without any insight into how they work.

One platform that fits the no-code category is SaintQuant. It covers crypto, stocks, and futures from a single dashboard. You don’t need to code or set up APIs. You just choose a pre-built strategy, review the built-in risk settings, and activate it. The AI then monitors markets and executes trades 24/7. New users get a $99 free starter trial credit, plus a $7 cash bonus on signup, with no deposit required.

For beginners, here’s a safe way to start. First, identify the right category for your needs. Then, use any trial mode to observe how the platform behaves before risking real money. Learn the strategy logic — even on a no-code platform, you should know if it’s trend-following, mean-reverting, grid-based, or DCA. Confirm all risk settings. Finally, start with a tiny amount and monitor actively until you see how it performs during volatile periods.

Are AI trading platforms worth using in 2026? Yes, for the right person with realistic expectations. They help with consistency, better coverage of markets, less emotional trading, and a more organized process. But they cannot remove market risk or guarantee profits. The best users treat them as tools for discipline, not shortcuts to riches.

Kalshi has introduced a CFTC-approved bitcoin perpetual futures contract, marking a significant milestone for American investors who previously had limited access to such products. The BTCPERP contract, which tracks bitcoin’s spot price without an expiration date, went live following regulatory approval on May 29, 2026. This move allows U.S. traders to engage in regulated crypto derivatives that were previously dominated by offshore exchanges like Binance and Hyperliquid.

According to Kalshi’s announcement, the launch represents one of the first opportunities for domestic investors to trade crypto perpetuals under U.S. oversight. The contract operates without a fixed settlement date, offering continuous exposure to bitcoin’s price movements. Kalshi CEO Tarek Mansour emphasized that perpetual futures are a fundamental trading tool, and bringing them onshore enhances risk management for American businesses. The platform displays funding rate history in transaction records, providing users with key pricing insights.

The perpetual futures market has grown substantially, with offshore volumes reaching $92.9 trillion in 2025, according to some estimates. Many of these trades occurred on unregulated platforms, highlighting the demand for compliant alternatives. Kalshi’s entry into this space could shift market dynamics, as regulated products offer greater transparency and investor protection.

CFTC Chairman Michael Selig, appointed by President Donald Trump, had signaled the regulatory shift earlier in 2026, predicting domestic perpetual futures would emerge within months. Following Kalshi’s approval, Selig described it as a major advancement in the administration’s goal to establish the U.S. as a global crypto hub. The CFTC will evaluate additional perpetual contracts on a case-by-case basis, opening the door for more cryptocurrencies.

Kalshi, valued at $22 billion after a recent funding round, plans to expand its offerings to include over a dozen digital assets if regulators approve. Competitors like Kraken have also announced intentions to launch CFTC-regulated perpetual futures, with Robinhood and Gemini expressing interest. This emerging competition suggests that regulated perpetual futures could become a key battleground in the U.S. crypto trading landscape.

Kevin O’Leary, the billionaire investor known for his sharp focus on returns, has publicly endorsed Zero Knowledge Proof (ZKP), calling it a transformative infrastructure project for the future. During a keynote, O’Leary outlined why ZKP is poised to solve a critical problem in the AI industry: the lack of verifiable outputs. He argued that as AI-generated content becomes ubiquitous, the ability to trust its accuracy is paramount, and ZKP provides a cryptographic solution.

O’Leary’s presentation highlighted that ZKP uses advanced cryptography to allow verification of computations without revealing sensitive data. This capability is crucial for sectors like AI, finance, and healthcare, where data privacy is essential. The project has already secured $100 million in pre-funding, which has been used to develop its zk architecture, validator hardware, and a dual consensus model that combines computation and storage rewards.

The presale for ZKP tokens is structured in 25 stages, with Stage 1 priced at $0.0004 and a launch target of $0.04, representing a potential 100x increase. O’Leary’s endorsement, combined with the project’s strong technical foundation and substantial pre-funding, positions ZKP as a compelling investment opportunity. The key takeaway from O’Leary’s analysis is that ZKP is not just another cryptocurrency but essential infrastructure for the AI-driven economy, making it a standout option for early investors.

Recent Bitcoin price declines are primarily due to massive outflows from spot ETFs, not the small sale by Strategy, according to Citigroup analysts. The bank emphasized that nearly $3.8 billion in ETF withdrawals have weighed heavily on BTC, overshadowing Strategy’s sale of just 32 coins worth around $2.5 million. This selling represents only the second such transaction in the company’s history and does not alter the fundamental outlook for Bitcoin, Citi noted.

ETF flows are a critical driver, accounting for about 45% of weekly Bitcoin return fluctuations. Between May 15 and June 2, U.S. spot Bitcoin ETFs saw nearly $4 billion in net outflows, with particularly large withdrawals on May 27 ($733.4 million) and June 2 ($519.1 million). This institutional demand weakness pushed Bitcoin below $67,000, reversing months of strong ETF accumulation.

Strategy’s sale occurred amid a debt repurchase program, where the company plans to buy back about $1.5 billion in convertible notes due 2029, costing roughly $1.38 billion. During this period, Strategy paused new Bitcoin purchases, and Chairman Michael Saylor indicated the company is preparing for future capital deployment. The sale appears tied to managing debt obligations rather than a shift in Bitcoin strategy.

Citi also highlighted the CLARITY Act as a potential catalyst, estimating about a 50% chance of passage in the Senate. Until then, the bank expects subdued sentiment unless regulatory clarity or other macro catalysts emerge. The bank concludes that ETF outflows remain the dominant factor shaping Bitcoin’s near-term price direction, not isolated corporate sales.

The Blockchain Association is facing scrutiny after a letter supporting the CLARITY Act was sent to U.S. Senate leaders, featuring signatures from numerous former law enforcement officials who now hold positions at major crypto firms. The letter, which garnered backing from 160 former national security, intelligence, and law enforcement professionals, argues that clear crypto regulations would enhance U.S. oversight, consumer protections, and the ability to investigate illicit activities.

Critics, however, have pointed out that the letter’s list of signatories includes multiple individuals currently employed by Coinbase, raising concerns about whether the endorsement truly represents independent law enforcement support or is a veiled lobbying effort. Journalist Brendan Pedersen highlighted that within 15 minutes of reviewing the list, he identified nine Coinbase employees, such as Faryar Shirzad, the company’s chief policy officer, and other staff from Coinbase Global Intelligence and its financial crimes legal team.

In defense, crypto policy advocate Alexander Grieve argued that working in the crypto industry after government service does not negate these individuals’ law enforcement experience. He drew parallels to former law enforcement officials who later work at banks and still provide valuable insights on financial crime. Another commentator noted that the signatories have backgrounds in agencies like FinCEN, the Department of Justice, and the CIA, which are relevant to the discussion on crypto regulation.

The controversy adds another dimension to the ongoing debate around the CLARITY Act, a bill that aims to establish a market structure framework for digital assets. Meanwhile, Coinbase’s recent involvement in a ProShares fund designed as a stablecoin reserve under U.S. law further highlights its increasing engagement in the crypto policy space. This latest scrutiny underscores the delicate balance between industry influence and perceived independence in Washington’s crypto policy discussions.

Bitcoin miners began June with a milestone: May revenue exceeded $1 billion for the first time since January, reaching $1.086 billion according to Newhedge. However, this achievement is overshadowed by declining BTC prices that are squeezing profitability.

The bulk of May’s earnings came from block subsidies, which contributed around $1.079 billion, while transaction fees added only a minor share. Yet, conditions have soured quickly in early June, with Bitcoin dipping over 4% to as low as $65,700 before recovering slightly to $65,800. Geopolitical tensions, including Iran’s retaliatory strikes on U.S. targets, triggered a widespread risk-off sentiment. Additionally, Citigroup analysts highlighted sustained spot Bitcoin ETF outflows—nearly $4 billion—as a key driver of Bitcoin’s weakness, more so than Michael Saylor’s sale of 32 BTC.

Falling Bitcoin prices are directly hurting miner profitability. Hashprice, the daily value per petahash of mining power, has dropped roughly 18% over the past 30 days to around $30.77, a level not seen since early April. In response, network hashrate has declined from about 1,000 EH/s to below 975 EH/s as some operators shut down less efficient rigs. Slower block production—averaging nearly 11 minutes versus the 10-minute target—points to a potential 9% difficulty reduction in the next adjustment around June 13. Such a cut could ease competition and slightly boost earnings for remaining miners.

Technical signals add to the uncertainty. Bitcoin is forming a rounding top on the daily chart, a bearish pattern that could trigger a drop toward $60,000 if support at $65,000 fails. Conversely, a recovery above $68,700 would invalidate the bearish setup and open the path to $72,000. Transaction fees have offered some relief, rising to about 1.16% of block rewards recently, but they remain a small part of miner income.

Miners now face a balancing act: the prospect of lower difficulty offers a lifeline, but persistent ETF outflows and geopolitical risks keep Bitcoin under pressure. Whether May’s strong revenue can carry into June depends heavily on Bitcoin’s ability to hold above key support levels.