U.S. crypto and AI czar David Sacks argues that artificial intelligence poses its greatest danger when used for surveillance and government-driven information control. AI Seen as a Tool for Control, Not Destruction David Sacks, the U.S. government’s crypto and AI czar, has issued a stark warning about the true threat of artificial intelligence, emphasizing that it’s not a “Terminator-style” apocalypse that should worry society — but rather an Orwellian future where AI manipulates truth and monitors citizens. Speaking on The Ben & Marc Show, a podcast by venture capital firm a16z, Sacks outlined his concern that AI could become an…
Author: Blockto Team
BTC and ETH Face Technical Weakness Amid Market Pressure The cryptocurrency market faced renewed selling pressure as Bitcoin (BTC) dropped below $104,500, while Ethereum (ETH) slid under $3,500, signaling a possible continuation of short-term bearish momentum. Analysts suggest that the break beneath these levels could open the door to deeper corrections if buyers fail to step in. Bitcoin Loses Grip on $104,500 Support After several weeks of sideways movement, Bitcoin’s price slipped from the $106,000 region to around $104,500, breaching a crucial demand zone highlighted on daily charts. The move confirms a descending channel pattern, reflecting a sequence of lower…
Hedera token breaks key technical level amid volume surge, though late-session reversal signals emerge Hedera Hashgraph (HBAR/USDT) fell sharply during the latest session, slipping nearly 5% as the price broke below the $0.19 support zone, extending a week-long corrective move. The digital asset now trades around $0.175, with traders watching closely to see if the market can stage a technical rebound from nearby levels. The 4-hour chart shows a decisive breach of short-term support, placing HBAR inside the green demand zone between $0.16 and $0.18, where prior accumulation triggered bullish reversals in mid-October. Volume rose to 10.2 million HBAR, suggesting…
Evgeny Gaevoy denies claims that the market-making firm plans legal action against Binance following the October 10 flash crash that saw Bitcoin plunge over 15%. Wintermute Rejects Binance Lawsuit Speculation The head of Wintermute, one of the leading crypto market makers, has denied speculation that his firm plans to sue Binance following the October 10 market crash, when Bitcoin briefly dropped 15.2% to below $103,000. Wintermute CEO Evgeny Gaevoy took to X on Monday to shut down what he described as “baseless rumors.” “We never had plans to sue Binance, nor see any reason to do it in future,” Gaevoy…
Market sentiment plunges into “Extreme Fear” territory after Bitcoin slips under $106,000, sparking investor caution amid rate concerns and reduced institutional demand. Crypto Market Sentiment Turns to Extreme Fear Investor sentiment in the cryptocurrency market has sharply deteriorated this week as Bitcoin dropped below $106,000, marking its weakest level in over three weeks. The Crypto Fear & Greed Index — a key sentiment tracker — fell by 21 points to 21/100, signaling “Extreme Fear” for the first time in nearly seven months. According to data from Alternative.me, the index has halved within 24 hours, sliding from a “Neutral” 42 to…
XLM steadies after a sharp 5.5% sell-off, with traders watching the $0.277 level as the critical line between recovery and renewed downside pressure Stellar (XLM/USDT) is holding steady around $0.282 after a volatile trading session that saw the cryptocurrency briefly dip to $0.277, testing a major support level visible on the daily chart. Despite the recent 5.5% decline, buying activity has re-emerged within this zone, hinting that market participants are attempting to stabilize the price. Technical data shows that Stellar has been navigating a complex structure since breaking out of its descending channel earlier in 2025. The breakout initially triggered…
Whale Who Profited $200M From October Crash Now Turns Bullish A crypto whale known as “HyperUnit”, who made headlines for earning $200 million during the US–China tariff-driven market crash in October, has now shifted bullish—placing $55 million in long positions on Bitcoin (BTC) and Ethereum (ETH). According to data from Arkham Intelligence, the positions include a $37 million Bitcoin long and an $18 million Ether long on the decentralized derivatives exchange Hyperliquid. The move signals renewed confidence in a potential rebound across the crypto market, which has struggled with volatility and investor fear since mid-October. HyperUnit’s Bold Bet on Market…
Amazon Expands Into AI-Powered Data Centers Through Cipher Mining Cipher Mining’s shares soared over 34% after announcing a 15-year, $5.5 billion data center lease agreement with Amazon Web Services (AWS). The deal marks a major milestone for both companies, highlighting the growing convergence between Bitcoin mining operations and artificial intelligence (AI) infrastructure development. Under the agreement, Cipher will supply turnkey space and power solutions for Amazon’s AI workloads in two phases, beginning in July and August 2026. The announcement fueled a market rally, with Cipher’s stock climbing from $18.65 to a peak of $25.02, before closing at $22.76. Bitcoin Miners…
The $4B acquisition spree continues as Ripple integrates Palisade’s custody tech into its institutional services, positioning for a corporate-driven crypto future. Ripple Expands Institutional Reach Ripple, the blockchain-based financial services company, has acquired crypto wallet and custody provider Palisade, marking its latest strategic move to expand its suite of institutional crypto offerings. Announced Monday, the deal will see Palisade’s wallet-as-a-service platform integrated into Ripple Custody, Ripple’s crypto custody division built for banks and large financial institutions. The company said the acquisition aims to serve fintechs, crypto-native firms, and corporates seeking secure, compliant digital asset infrastructure. “Corporates are poised to drive…
The exchange ruled that TON Strategy failed to seek required shareholder approval for a major PIPE financing used to acquire Toncoin, but stopped short of recommending delisting. Nasdaq Issues Formal Warning TON Strategy — formerly known as Verb Technology Company — has received a reprimand from Nasdaq for failing to comply with shareholder approval requirements tied to its $272.7 million Toncoin (TON) acquisition and $558 million private investment in public equity (PIPE) financing. According to a filing with the U.S. Securities and Exchange Commission (SEC), Nasdaq found that TON Strategy issued common stock exceeding 20% of its outstanding shares without…