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Elon Musk’s xAI raises $10B as Trump threatens to unleash DOGE on him

Elon Musk’s artificial intelligence firm xAI has secured $10 billion in fresh capital, doubling down on its challenge to OpenAI as the race to dominate the AI landscape intensifies. The funds were evenly split between secured debt and strategic equity investments.
The influx gives xAI more
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Viking-themed project puts engaging gameplay at the heart of the metaverse

After three years of community-led development, Floki’s flagship metaverse game, Valhalla, is launching its mainnet, focusing on tactical gameplay and a sustainable token economy for a rich Web3 experience.
With market analysts projecting the metaverse to become a $1.1 trillion industry
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Malaysian regulator proposes easing crypto asset listing process

The Securities Commission Malaysia (SC) is seeking public feedback on a proposal that could allow cryptocurrency exchanges to list certain digital assets without first obtaining explicit approval from the regulator.
According to a Monday announcement, the regulator is considering liberalizing the f
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FATF warning on stablecoin crimes is not anti-crypto, intel firms say

A recent warning from the Financial Action Task Force (FATF) about the rise of stablecoin-related crimes does not pose a threat to the cryptocurrency industry, according to executives at blockchain intelligence firms.
The FATF’s call to address rising illicit stablecoin activity reflects the need f
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Centrifuge brings S&P 500 onchain in tokenized fund launch

Blockchain infrastructure platform Centrifuge has teamed up with S&P Dow Jones Indices (S&P DJI) to bring the S&P 500 Index onchain for the first time, according to a press release shared with Cointelegraph.
The collaboration introduces proof-of-index infrastructure for tokenized index products
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DOJ charges 4 North Koreans in $1M crypto theft from blockchain startup

Four North Korean nationals have been charged in Georgia for wire fraud and money laundering after posing as remote IT workers at US and Serbian blockchain companies and stealing almost $1 million in crypto, prosecutors announced Monday.
According to the US Department of Justice (DOJ), Kim Kwang
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Trump’s Big Beautiful Bill in overtime as senators jam crypto clauses

US Senate discussions over President Donald Trump’s mega tax and spending bill could go all night as senators look to tack on amendments, including some that would affect crypto.
The Senate’s vote-a-rama — where lawmakers can propose amendments that are rapidly voted on — for the Republicans’ One
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Major German bank to offer crypto trading by 2026 amid bank ‘FOMO’

German banking giant Sparkassen-Finanzgruppe reportedly has plans to adopt crypto trading services, giving its more than 50 million customers access to crypto trading by the summer of 2026 in a major shift for the institution.
Dekabank, a bank already involved in crypto, has been tapped to
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Analysts raise chance of SOL, XRP and LTC ETF approval to 95%

Analysts covering the crypto exchange-traded fund (ETF) space have tipped a 95% chance for Solana, Litecoin, and XRP ETFs to be approved by the US Securities and Exchange Commission this year.
Bloomberg’s ETF specialists Eric Balchunas and James Seyffart increased their odds for several altcoin
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TradFi could move onchain due to ‘horrible banking experiences’

Crypto has a chance to court traditional finance players, who are already looking at non-traditional financial technology after being let down by banks, says Aave Labs founder Stani Kulechov.
“Thanks to horrible banking experiences, we’ve seen a lot of finance coming into fintech, and fintech
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Circle applies for US trust bank charter to manage its USDC reserve

Stablecoin issuer Circle has applied to establish a national trust bank in the United States that, among other duties, would oversee the firm’s USDC reserve on behalf of its US issuer
If the application is approved by the US Office of the Comptroller of the Currency (OCC), Circle’s First
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Bitcoin holds steady as major catalysts align for breakout above $110K

Key takeaways:
Bitcoin’s price could surge as investors shift from fixed income to risk-on assets like crypto.
Inflation concerns and Strategy’s potential S&P 500 entry may boost Bitcoin’s momentum.
Bitcoin (BTC) has remained
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Bitcoin ‘demand generation’ phase mirrors 2022 market bottom: Are new highs incoming?

Key takeaways:
Stablecoin inflow patterns mirror levels seen after the LUNA and FTX collapse. Pointing to fresh accumulation and the potential for a breakout rally.
Bitcoin holds above $100,000, but new user activity is still low, indicating a “HODL” phase where holders are waiting for fresh
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