Quick Summary: President Trump has appointed 13 tech and AI executives, including Meta’s Mark Zuckerberg and Nvidia’s Jensen Huang, to a new presidential science advisory council. President Donald Trump has appointed a group of prominent technology and artificial intelligence executives to the President’s Council of Advisors on Science and Technology, known as PCAST. The council was established by executive order and announced by the White House on Wednesday. It will be co-chaired by entrepreneur David Sacks, who previously served as the White House AI and crypto czar, and former U.S. Chief Technology Officer Michael Kratsios.The initial roster of 13 members…
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Quick Summary: M1X Global has launched with $3 million in angel funding to develop a digital sovereign bond powering the Marshall Islands’ universal basic income program. M1X Global, the company behind the Republic of the Marshall Islands’ universal basic income program, has announced its launch following a $3 million angel investment round. The funding was raised from current and former executives connected to the crypto and financial services industries. The announcement was shared exclusively with Cointelegraph on Tuesday.The capital will be directed toward developing and expanding adoption of the USDM1 digital sovereign bond, a US dollar-pegged instrument that enables Marshall…
Quick Summary: STS Digital has launched a structured products platform for digital assets, with crypto exchange Kraken as its first distribution partner. STS Digital, a crypto derivatives firm, has launched a structured products platform for digital assets, naming Kraken as its first distribution partner. The platform allows clients to access options-based strategies packaged into predefined payoff structures. Kraken has connected to the platform through an API and is using it to power its Dual Investment product, which offers eligible clients fixed returns on Bitcoin and Ether.The launch reflects a wider industry trend of firms packaging derivatives into structured products designed…
Quick Summary: An independent review recommends the UK government impose a temporary moratorium on political donations made in crypto assets due to foreign money risks. A former senior civil servant, Philip Rycroft, has recommended that the UK government introduce a temporary moratorium on political donations made in crypto assets. The recommendation appears in an independent review published on Wednesday, which was commissioned by the government in December 2025. Rycroft called on the government to legislate through the Representation of the People Bill to put the pause in place.The review identifies several reasons why crypto assets pose a risk to the…
Quick Summary: Cipher Digital rose 9% in pre-market trading after signing a 15-year hyperscale lease and securing a $200 million revolving credit facility. Cipher Digital saw its shares climb 9% in pre-market trading following a pair of significant announcements from the former cryptocurrency mining company. The gains came after the firm disclosed a long-term lease agreement tied to its expanding data center operations. Investor interest appears driven by the company’s continued pivot toward high-performance computing infrastructure.The company confirmed it has signed a 15-year lease with a hyperscale tenant to develop its third high-performance computing data center campus. The agreement marks…
Quick Summary: Bitcoin ETFs have attracted nearly $2.5 billion in inflows over the past month, nearly wiping out all year-to-date outflows despite a 40% price drawdown. Bitcoin exchange-traded funds have recorded approximately $2.5 billion in net inflows over the past month, nearly erasing all year-to-date outflows even as the leading cryptocurrency trades 40% below its October 2025 all-time high of $126,080. Bloomberg Intelligence analyst Eric Balchunas described the sustained investor interest as showing “incredible fortitude” in the face of both price weakness and widespread negative media coverage. The figures highlight a notable divergence between institutional demand for Bitcoin exposure and…
Quick Summary: Circle shares fell 20% after a new Clarity Act draft proposed banning stablecoin yield, while Tether announced its first full independent audit on the same day. Circle shares recorded their worst single-session decline since the company went public, falling 20% on Tuesday. The drop was widely attributed to new language in a draft of the Clarity Act that proposed banning stablecoin yield, whether distributed directly or indirectly, including anything deemed economically or functionally equivalent to interest. Coinbase, which shares reserve income from USDC with Circle, also fell 10% on the day. Banking representatives were scheduled to review the…
Quick Summary: Monument Bank plans to tokenize up to £250 million in retail deposits on the Midnight blockchain while keeping them fully protected under UK compensation rules. Monument Bank, a United Kingdom-based challenger bank, has announced plans to tokenize as much as 250 million pounds, equivalent to approximately $335 million, in retail customer deposits. The tokenization will take place on Midnight, a public blockchain network. The initiative represents a notable step toward integrating blockchain technology with regulated retail banking in the UK.Despite being placed on the blockchain, the deposits will continue to earn interest and remain fully backed. Customers will…
Quick Summary: Ireland’s Criminal Assets Bureau has accessed a Bitcoin wallet holding around 500 BTC worth $34 million, part of a larger haul seized from a convicted drug dealer. Ireland’s Criminal Assets Bureau (CAB) has successfully accessed one of 12 Bitcoin wallets seized from a convicted drug dealer in 2019, recovering approximately 500 BTC valued at around $34 million (€30 million). The breakthrough marks the first time authorities have been able to penetrate any of the wallets, which have grown dramatically in value since their seizure. The combined worth of all 12 wallets now stands at an estimated $418 million…
Quick Summary: Gold has fallen as much as 27% from its January peak in its longest losing streak in over a century, while Bitcoin holds above $70,000. Gold is experiencing one of its most prolonged downturns in modern history, having declined as much as 27% from its January peak. The precious metal is also down approximately 12% since late February, extending a slide that now represents its longest losing streak in over 100 years. The scale and duration of the decline have drawn significant attention from market observers tracking the asset’s performance.Bitcoin, by contrast, is demonstrating relative resilience by holding…
