ChainGPT AI News

A recent incident in Spain, Portugal, and parts of France has sparked a debate on the importance of large-scale, fast-acting mining operations in grid stability. Daniel Batten, a key figure in the Bitcoin mining sector, argues that the power outage could have been prevented if the Iberian grid had such operations. He highlights the need for rapid load-balancing during outages, which Bitcoin miners can provide. Batten suggests that the lack of conventional inertia from thermal or nuclear plants m

Launchpads play a crucial role for investors and projects in the digital asset realm. They aid crypto projects in getting started and offer early-stage startup exposure to investors. Despite a decrease in scams, the crypto industry remains volatile, making token presales risky. Gems Launchpad, a community-centric platform, introduced Gems Miners and Gems Protect to enhance portfolio diversification and financial security. Gems Miners allows investors to earn tokens from premium projects, promoti

Malaysian authorities recently raided a Bitcoin mining operation in Hulu Terengganu and Marang, seizing 45 machines valued at $52,145. The syndicates behind the operation illegally tapped into the local grid, causing monthly losses of $8,342. While Bitcoin mining is legal in Malaysia, tampering with electricity connectivity can lead to imprisonment or fines. The rise of illegal mining activities in East and Southeast Asia, driven by international criminal groups, poses challenges. China's ban on

Recent on-chain data reveals a significant increase in 'Hot Capital' within the XRP network, as discussed by Glassnode. This surge in Hot Capital, representing the capital reserve influx over the past week, is a key indicator of speculative activity. The Realized Cap model, measuring a cryptocurrency's total valuation based on the spot price of its last transaction, highlights this influx. XRP's Hot Capital saw a notable rise, reaching $2.17B from $0.92B in a week, indicating growing speculative

Nexpace, a blockchain company supported by South Korean gaming giant Nexon, revealed the upcoming launch of MapleStory N on May 15. This new game will merge the classic 2D side-scrolling gameplay of the MapleStory franchise with crypto assets on the Avalanche blockchain, enabling players to own and trade in-game assets securely. The studio introduced its own Avalanche L1 chain named Henesys in April. Nexpace CEO Sunyoung Hwang expressed excitement, stating that MapleStory N signifies a significa

European cryptocurrency investment firm 21Shares has applied for a spot Sui exchange-traded fund (ETF) in the United States, expanding its presence in the US market. The 21Shares Sui ETF registration was submitted to the SEC on April 30, aiming to issue common shares tracking SUI performance. This move follows the successful trading of the 21Shares Sui Staking product in Europe last year. The 128-page filing does not disclose the US exchange for the new ETF. The ETF, focusing on SUI exposure wit

Ethereum developers are collaborating on improving blockchain interoperability through the introduction of two new token standards: ERC-7930 and ERC-7828. The lack of a universal method for interpreting and displaying information has resulted in a disjointed user experience across wallets, decentralized applications, block explorers, and smart contracts. Wonderland, a DeFi ecosystem development organization, is spearheading this initiative in partnership with various DeFi protocols. The goal is

Banking giant Morgan Stanley is reportedly looking to list cryptocurrencies on its E*Trade investment platform by 2026. The firm is in the early stages of development and is considering partnerships with established crypto companies. Discussions about supporting digital assets began in late 2024. This move would not be the first exposure to crypto for Morgan Stanley, as its wealthiest clients have had access to crypto ETFs and futures since August 2024. The decision to list crypto assets on E*Tr

The demand for yield-generating strategies around Bitcoin is increasing, particularly from firms looking for liquidity without selling their BTC, as stated by Ryan Chow, Solv Protocol's co-founder and CEO. Institutional interest in Bitcoin yield products has grown significantly in recent years. Previously, generating Bitcoin yield was challenging, but innovations like staking through PoS protocols and delta-neutral trading have made it feasible. Advancements in layer-1 and layer-2, such as Babyl

MultiBank Group, the world’s largest financial derivatives institution based in Dubai, has entered a groundbreaking $3 billion real-world asset (RWA) tokenization deal with UAE's real estate giant MAG and blockchain provider Mavryk. This partnership marks the largest RWA tokenization project globally and signals the upcoming launch of MultiBank’s utility token, MBG. MAG's luxury real estate projects will be tokenized on MultiBank.io’s RWA marketplace, offering global investors daily yields. The

Abu Dhabi's MGX investment firm plans to utilize a stablecoin associated with US President Donald Trump's family to finalize a $2 billion investment in Binance, the world's largest cryptocurrency exchange. The World Liberty Financial USD (USD1) stablecoin, pegged to the US dollar, was introduced by the Trump-affiliated crypto platform World Liberty Financial (WLFI) in March 2025. Eric Trump, the president's son and executive vice president of the Trump Organization, disclosed this decision durin

Chris Yin, the CEO of Plume, a Galaxy-backed RWA platform, believes that institutional adoption of tokenized real-world assets is still in its early stages. Yin emphasized the need to demonstrate value and adoption before institutions enter the RWA market, drawing parallels to the slow acceptance of stablecoins and Bitcoin. Contrary to market estimates valuing the RWA sector at over $21 billion, Yin suggests a more realistic figure of around $10 billion, primarily comprising Treasury bills and g

Mel Gelderman emphasized the importance of storytelling in token discovery during a recent Cointelegraph AMA. His app, Token.com, blends social media dynamics with investing, featuring a TikTok-style feed where creators and companies promote tokens and business ideas. Gelderman highlighted the platform's focus on meaningful narratives and legitimate projects, contrasting it with existing platforms lacking in this aspect. Token.com offers reputation tracking, algorithmic feeds, and rewards for cr

Following significant anticipation leading up to the airdrop and centralized exchange listings, sentiment indicators for Zora tokens have decreased, indicating a short-lived trend. Zora, which introduced content coins with support from Base creator Jesse Powell, has seen an 11.5% drop in token price in the last 24 hours. Engagement and mentions have dwindled since the airdrop, with a notable decrease in platform traffic and user activity on Zora Network. Despite adjustments in communication by J

Ethena, a decentralized stablecoin platform, has collaborated with The Open Network (TON) to offer its stablecoins to Telegram's massive user base of over one billion individuals. The announcement was made at Token2049 in Dubai on May 1. This partnership will involve the integration of Ethena's USDe and Ethena Staked USDe (sUSDe) directly into the TON blockchain. Telegram users will have access to a USD-denominated savings option named tsUSDe within the platform. The deployment includes integrat

OpenAI CEO Sam Altman's project, World, previously known as Worldcoin, has debuted in six US cities. The initiative, focused on verifying humans in the AI era, is starting in key innovation hubs like Atlanta and San Francisco. World offers a crypto token, Worldcoin (WLD), to users who verify their identity using an Orb device. The company faced regulatory hurdles but now plans to partner with Visa for a World Visa card. Match Group will test World ID on its dating apps. World aims to combat frau

In the latest crypto news, World, a crypto-linked eye scanning project, is launching in the US, Ripple made a failed $5 billion bid for Circle, and an elderly US citizen fell victim to a $330 million Bitcoin scam. Additionally, Ripple's valuation and acquisition attempts, a major Bitcoin heist, and legal battles involving Tornado Cash and SEC's ETF decisions were highlighted. Worldcoin's US debut with a unique Orb device, Ripple's bid for Circle, and the massive Bitcoin theft were key events. Th

Ether's price has shown a rare Dragonfly Doji candlestick on its monthly chart, a pattern often seen before major bull markets. The MVRV Z-Score indicates undervaluation, while Ether is retesting its long-term parabolic support zone from the 2017 rally. The combination of technical and onchain signals resembles those from the early stages of the 2017 bull run, which resulted in significant gains. If bulls confirm the signal with a strong May open above $1,950, Ethereum could be poised for a mult

Strategy's stock surged by 32% in April, marking its largest monthly gain since November. Speculation is mounting that Strategy will reveal a significant capital raise during its Q1 earnings call on May 1, as it expands its Bitcoin holdings. Analysts anticipate a 1% year-on-year revenue increase to $116.6 million, following the firm's $120.7 million revenues in Q4 2024. Michael Saylor's Strategy closed April with its highest monthly gain in five months, reaching $380.11 on April 30. The recent s

Tesla CEO Elon Musk criticized The Wall Street Journal (WSJ) for publishing a false report claiming that the Tesla board was looking for his replacement. The article alleged concerns over Musk's political involvement and divided attention across various ventures. Musk and Tesla board chair Robyn Denholm denied the claims, asserting confidence in Musk's leadership. The report comes amidst scrutiny of Musk's political ties and its impact on Tesla's performance. Despite a decline in profits and mar