IEA Sees Major 2027 Oil Overhang as Supply Outpaces Demand: What Does it Mean for Crypto?
The IEA expects an oil supply glut in 2027 as output surges past demand. Global supply could jump by 8 mb/d to 110.3 mb/d while demand lags. Cheaper crude could cool inflation, easing Fed policy and aiding Bitcoin. The International Energy Agency expects a large oil supply overhang in 2027. Global output is projected to…
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Trump Picked Warsh for Rate Cuts, US Markets Got the Opposite
The S&P 500 fell 1.2% on Warsh’s first Fed day, the worst result for a new chair since 1994. Warsh signaled price stability as his top priority, dashing rate cut hopes Trump had banked on. Traders now price in a Fed rate hike by October, a complete flip from where markets stood in Q1. Kevin…
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Anthropic’s Dario Amodei Urged AI Unity at G7, Even as US Banned His Models
Amodei urged G7 leaders not to splinter on AI, days after his models were banned Macron warned allies the US could “turn off the switch” on their AI access anytime Trump’s team pulled Fable 5 and Mythos 5 from export over a narrow security jailbreak Dario Amodei sat across from Donald Trump at a G7…
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SpaceX IPO Faces Last-Minute Challenge From US Senator Elizabeth Warren
Elizabeth Warren asked the SEC to delay the SpaceX IPO over investor risks. Her June 9 letter landed one day before SpaceX closed its order books. SpaceX still plans to price Thursday and begin Nasdaq trading on Friday. Senator Elizabeth Warren urged the Securities and Exchange Commission (SEC) to delay SpaceX’s initial public offering (IPO),…
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Large Dormant Cardano Wallets Move as Hoskinson Reappears: Reversal Signal?
Santiment data shows long-dormant Cardano wallets are moving ADA again after months of silence. Cardano’s Age Consumed metric spiked between June 4 and 9, its strongest reading since the April low. Charles Hoskinson reappeared with a bold claim that Cardano can become the operating system for the world. Long-dormant Cardano wallets are suddenly moving ADA…
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SpaceX IPO Can Pump $100 Billion Into Google’s Alphabet Stock
Alphabet stock heads into the SpaceX IPO down 12.67% from its May 18 record yet still up more than 15% in 2026. A SpaceX stake worth up to $107 billion could fund Alphabet’s AI spending without new share sales, supporting TD Cowen’s $475 target. Day-one sellers face no restrictions on 5% of the offering, and…
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Bitcoin ETFs Record Largest Outflow in Over 3 Months as Solana Funds Keep Flashing Green
Spot Bitcoin ETFs lost $635M on May 13, the largest outflow since January 29. Solana ETFs logged zero outflow days in May, drawing $90.83 million so far this month. 21Shares’ new HYPE ETF launched May 12, posting positive flows in two sessions. Spot Bitcoin (BTC) exchange-traded funds (ETFs) saw $635.23 million in outflows on May…
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BitGo Net Loss Widens to $60.7 Million Despite 112.6% Revenue Growth
BitGo Q1 revenue surged 112% to $3.77 billion as net loss reached $60.7 million. Client base grew 42% to 5,569 even as Bitcoin treasury weighed on results. Derivatives launch drove $3 billion in notional volume. BitGo Holdings posted first-quarter 2026 revenue of $3.77 billion, more than doubling from a year earlier. Yet, losses tied to…
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Ripple Ex-CTO Sounds Alarm Over ‘One of the Worst Security Flaws’ He’s Ever Seen
Ripple ex-CTO David Schwartz called the BitLocker flaw one of the worst security issues he has seen. The exploit reportedly bypasses Windows drive encryption with a USB-based method and no authentication prompts. Schwartz also flagged a surge in XRPL airdrop scams and impersonation accounts targeting holders. Ripple’s former chief technology officer, David Schwartz, issued a…
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Trump to Takeover Cuba, Iran War Tensions Rise, Bitcoin Crashes Again
Trump suggested a possible “friendly takeover” of Cuba after weeks of US oil pressure that pushed the island into a deep energy and economic crisis. At the same time, the US increased military presence in Israel as tensions with Iran escalated, adding to global geopolitical uncertainty. Bitcoin dropped over 3% as markets reacted to rising…
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