Coindesk

A representative of the Trump Organization said the group “knows nothing” about a crypto wallet project called the “$TRUMP Wallet,” despite the app’s branding and claims being tied to the U.S. president.“The Trump Organization knows nothing about this project," a spokesperson for the Trump Organization told CoinDesk.The app, according to its sparse but live website, promises users the ability to hold and trade digital assets. It includes no technical documentation or launch timeline but features a waitlist for early access. Magic Eden, the crypto marketplace reportedly involved in the project, had confirmed the project through a post by its CEO Jack Lu on X. U.S. President Donald Trump has leaned into crypto since reentering the political arena ahead of last...

French authorities have charged 25 people, including six minors, for their roles in a spate of crypto kidnappings in Paris, with the majority of the suspects connected to the recent failed kidnapping attempt of a crypto exchange CEO's family, Paris's public prosecutor's office said, Le Monde reported Saturday.The investigation is focused on the kidnapping attempt of the daughter and grandson of the CEO of crypto exchange Paymium, Pierre Noizat, that occurred on May 13, the report said.The probe also looked at other unsuccessful kidnapping attempts, including an earlier attempt on Noizat’s family members, plus an attempted abduction near the western city of Nantes last Monday that authorities thwarted.The arrests follow a spate of high-profile crypto kidnappings that have plagued France...

Bitcoin miner MARA Holdings (MARA) produced 950 BTC in May, a 35% increase from the previous month and its strongest output since the Bitcoin halving in April 2024, the company said Tuesday.The firm also set a new internal monthly record for blocks won, totaling 282, a 38% jump from April.CEO Fred Thiel attributed the gains to the company’s vertically integrated tech stack and its self-owned MARA Pool. “Operating our own pool means we keep all block rewards without paying fees to third parties,” Thiel said, adding that MARA Pool’s block reward luck has outperformed the Bitcoin network average by over 10% since its launch.The company’s energized hashrate ticked up slightly to 58.3 EH/s in May, while its share of available...

OpenAI just spent $6.4 billion acquiring io, Jony Ive's nascent hardware venture. As someone who grew up idolizing the Jobs-Ive partnership—Mac Addict subscription, Marathon on shareware, one of everything they ever made—I understand the allure. But this move reveals OpenAI's existential crisis: they're playing a game they've already lost.The Distribution Kings Have Already WonLet's be clear about the consumer AI endgame: Google and Apple will dominate, with Microsoft trailing on desktop and maybe, eventually, phones. They have what OpenAI desperately lacks: hardware expertise, distribution channels, and capital scale that dwarfs even OpenAI's eye-watering funding rounds.Hardware isn't just another moat—it's a moat where your competitors have decades of experience and you're learning to swim. Leaning into your weakness is how you...

AVAX broke through key resistance levels on high volume, establishing new support zones around $21.30 as traders navigate complex market conditions influenced by international trade disputes and monetary policy speculation.Technical Analysis• AVAX climbed from $20.52 to $21.31, representing a 3.8% gain with a total range of $1.28 (6.2%).• Price formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $20.90.• Exceptionally high volume (1.33M) confirmed the breakout.• Strong support established at $21.15 following the surge.• Most significant price movement occurred when AVAX surged past the $21.00 psychological level.• Pronounced correction saw price drop 5.8% on the highest volume spike (40,669).• Decreasing volume suggests consolidation after volatile price action.Source link