Day: May 26, 2025

FTX Founder Sam Bankman-Fried To Leave Jail Earlier

Key Notes SBF is estimated to gain his freedom by December 14, 2044, earlier than planned. Bankman-Fried was found guilty of all seven charges levied against him, bagging a 25-year sentence. His parents, Joseph Bankman and Barbara Fried, seek a presidential pardon for their son. FTX founder Sam Bankman-Fried (SBF) is unlikely to serve the full 25 years of his prison sentence. Although he remains on probation, he could have up to 4 years reduced from his sentence due to good conduct and participation in prison programs since his incarceration.…

The full breakdown of James Wynn’s $1B Bitcoin positions — and how it all fell apart

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What happens when Bitcoin doesn’t follow the script, and a trader like James Wynn is already deep into a leveraged bet he can’t easily escape? James Wynn Bitcoin trade spirals into a $60M wipeout James Wynn, a well-known high-leverage crypto trader, recently experienced one of the steepest losses of his career. Over the span of seven days, he lost more than $60 million through a series of high-leverage Bitcoin (BTC) trades on Hyperliquid (HYPE). The sequence began on May 19, when Wynn opened a 40x long position of 5,520 BTC…

X Money beta testing now live, Elon Musk confirms.

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X Money, the payment and banking app tipped by Elon Musk in 2022 after he acquired Twitter, has started beta testing, Musk confirmed in an X post on May 25. Tesla Owners Silicon Valley, a fan X account focused on Elon Musk and Tesla, took to X on May 25 to report that Musk has confirmed that X is “launching X Money soon.” Source: Elon Musk The billionaire businessman subsequently jumped on the X thread to confirm the news, writing that the test will be a “very limited access beta…

Air Arabia Adopts AED stablecoin for Payments in the UAE

Key Notes Air Arabia plans on accepting cryptocurrency as payment for flight bookings. The airline is partnering with Mbank to accept AE Coin. Payments can be made via the AEC Wallet app. UAE airline Air Arabia has announced that it will now allow customers to pay for services using AE Coin, a regulated stablecoin backed by the UAE Dirham (AED). AE Coin is the first stablecoin to receive approval from the Central Bank of the UAE. Air Arabia has partnered with Al Maryah Community Bank (Mbank), the issuer of the…

El Salvador Overtakes North Korea in Bitcoin Holdings After Lazarus Group’s Reduction

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Two weeks prior, North Korea’s cybercriminal network Lazarus Group maintained a stash of 7,813 BTC—then worth $856 million. Since that point, the group has liquidated approximately 1,938 BTC, shedding more than $212 million in value. As a result of this reduction, El Salvador now outranks Pyongyang, claiming the title of the fourth-largest sovereign bitcoin holder. […] Original

Strategy Inc Adds 4,020 BTC, Now Holds 580K+

Key Notes Strategy just added 4,020 BTC worth $427.1 million, pushing total holdings to 580,250 BTC. The average cost of total Bitcoin holdings now stands at $69,979 per BTC. Despite expansion, MSTR stock fell over 7% in pre-market trading. Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B holdings by public companies have taken a new leap as Strategy Inc., formerly MicroStrategy, has added another 4,020 BTC to its balance sheet. This recent acquisition brings the firm’s total Bitcoin holdings to 580,250 BTC as…

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Strategy Acquires 4,020 Bitcoin for $427 Million Bringing Total to Over 580K BTC

Strategy (MSTR) has acquired an additional 4,020 bitcoin for roughly $427 million, pushing its total holdings to 580,250 BTC, the company said. The latest acquisition was funded through three ongoing at-the-market (ATM) equity programs, according to a press release. Between May 19 and May 25, Strategy sold 847,000 shares of its common stock (MSTR) for $348.7 million, 678,970 shares of STRK preferred stock for $67.9 million, and 104,423 shares of STRF preferred stock for $10.4 million. These offerings, with combined capacities of nearly $45 billion, are part of the company’s…

AI needs better human data, not bigger models

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Opinion by: Rowan Stone, CEO at Sapien AI is a paper tiger without human expertise in data management and training practices. Despite massive growth projections, AI innovations won’t be relevant if they continue training models based on poor-quality data.  Besides improving data standards, AI models need human intervention for contextual understanding and critical thinking to ensure ethical AI development and correct output generation. AI has a “bad data” problem Humans have nuanced awareness. They draw on their experiences to make inferences and logical decisions. AI models are, however, only as…

XRP Price Stalls as Ripple On-Chain Activity Slows

Key Notes Active XRP addresses have declined significantly, plummeting by 90% since March 2025 before a partial recovery. XRP institutional flows turned negative last week with outflows of $37.5 million, marking the end of an 80-week streak of inflows. XRP is consolidating in a falling wedge, with a possible pullback toward $1.76. Unlike other altcoins, XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B price has failed to grab investors’ attention so far, failing to cross $2.4 resistance consistently, with monthly gains sitting at just…