Crypto News

This upgraded brainiac took some pretty impressive tests—like an overzealous student pulling all-nighters. It scored a whopping 1470 on LMArena, leaving lesser models eating its digital dust. Over on WebDevArena, it scored 1443, a perfect score for web wizardry—because, obviously, our AI overlords are online now. And it didn’t stop there; it also aced the polyglot coding test in different languages, showing off its “multilingual ability,” which, I suppose, makes it more conversational than most of us at dinner parties. Plus, it excelled in tough exams that test reasoning, math, science, and general knowledge, because clearly, Brainiac has a long resume. 🚀

So, AUSTRAC’s rolling out these strict new measures for crypto ATM operators—no more wild west, folks! They’re refusing to renew a few licenses, slapping some transaction caps, and adding scam warnings like it’s an episode of “Crypto Cops.” Because, clearly, people are falling for scams faster than you can say “Bitcoin,” especially old-timers. 🧓💸

Meanwhile, in the land of spirited legislative debates and big red buttons labeled “Genius Act,” the U.S. Congress is busy talking about controlling stablecoins with all the seriousness of cats trying to herd mice. The Bloomberg article notes that this constitutional conundrum is giving a turbo boost to the international scramble for digital assets. Who knew regulation could be such a party?

The fellow’s got over 866,300 followers on “X” (what we once called Twitter, if you remember), and he’s hollerin’ about a Bitcoin ETF that he claims is “the fastest-growing ETF in all of history”—which is a heap of fancy talk for “this thing’s catchin’ on like wildfire.”

According to Binance Research, the crypto market grew by 10.3% in May. Yup, you heard that right—a 10.3% jump. The market was basically soaring, thanks to Bitcoin (BTC) hitting a new all-time high (ATH), and a ton of money pouring into those Exchange-Traded Funds (ETFs) that no one really understands but everyone wants to be part of.

At the 2025 Forbes Iconoclast Summit, Chanos shared his thoughts on the darlings of the market that are doomed to crash under the weight of progress. And guess who’s in the crosshairs? None other than the tech grandpapa, International Business Machines (IBM). Ah yes, the same IBM that was once the epitome of corporate might—now clinging to life like a broken-down dinosaur trying to survive in the AI era.

Asking Washington for permission to choose the currency we consider most appropriate for our trade transactions is out of the question.

“Lo and behold,” quoth he, “Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer shall meet with the Chinese emissaries in London on Monday—oh what a splendid affair, n’est-ce pas?”

Ah, the grand drama! This colossal movement isn’t mere hubris or greed—it underscores XRP’s very soul. Unlike the stodgy old Bitcoin, obsessed with hoarding and eternal waiting, XRP is built for the lightning-fast, the ephemeral—transferring wealth across borders with the ease of a thought. Banks, those old beasts of finance, are lured by Ripple’s promise of swift, cheap transactions—almost as if you could transfer your soul in a blink, and with less than a penny to spare. The near-instantaneous finality and minuscule fees reveal XRP’s true nature: a digital chariot rushing to the future of financial settlements, indifferent to the petty concerns of regulation or the watchful eyes of regulators. Perhaps Ripple, like a cunning gambler at a Dostoevskian game, is maneuvering funds—closing, opening, adjusting—preparing for some grand, unseen move. Or simply, they’re playing with fire, my friends, trying to buy stability in a volatile, chaotic world. 🔥🤡

Donald Trump is cashing in on crypto. Over the last nine months, beginning slightly before the election, he has stirred up new ventures, new coins, new noise. All of it makes the president money, but how much? (Photo: Jamel Toppin for Forbes)