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Where are you going this year? 

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Stalled $300M xAI Agreement Puts Telegram in Uncertainty - The Unveiled Reasons Messaging app Telegram is in a complex situation as it attempts to secure a $300M deal with Elon Musk's AI company, xAI, while concurrently raising $1.5B through a bond offering. Telegram's founder, Pavel Durov, announced the deal with xAI, which involves integrating xAI's chatbot across Telegram's platform, but noted that formalities are yet to be completed. The deal with xAI would significantly improve Telegram's financial position through a cash and equity payment and revenue sharing from xAI's platform subscriptions. Simultaneously, Telegram is raising money through a bond offering backed by BlackRock, Mubadala, and Citadel, with plans to use the funds to repurchase outstanding debt from 2021 bonds. The ongoing confusion with xAI has impacted the value of Toncoin, a cryptocurrency linked to a network founded by the Telegram team.

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Ripple's XRP Surpasses ETH, DOGE, ADA in Key Performance Indicator: Insights Recent data from Santiment suggests that Ripple investors have the second-highest total supply in profit, just behind Bitcoin investors. Despite a lack of significant price movements in the past week, 98.3% of XRP's total supply stands in profit. This puts XRP in a high position in this metric, second only to Bitcoin, whose investors' profits stand slightly higher at 98.4%. Interestingly, XRP's total supply in profit surpasses notable competitors like ETH, DOGE, ADA, and LINK, whose percentages stand at 71.5%, 77.9%, 71%, and 80.5% respectively. However, Santiment warns that high percentages in this metric, as seen with XRP and BTC, might increase the likelihood of profit-taking and short-term pullbacks.

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Continued Inflow for BlackRock Bitcoin ETF with $4B in Last Two Weeks BlackRock's iShares Bitcoin Trust (IBIT) has seen a surge in inflows with $481 million entering on May 28, resulting in a 33-day streak without an outflow. This has brought the total to nearly $9.5 billion new inflows this year, placing IBIT among the top 5 ETFs by inflows out of over 4,200. In the past two weeks alone, it has seen an inflow of $3.86 billion. Since its launch in 2024, the fund has accumulated $48.8 billion in inflows and now manages assets worth $71 billion. On the contrary, Fidelity and Ark 21Shares saw an outflow of $14 million and $34.3 million respectively. Large corporations are increasingly adding Bitcoin to their balance sheets, indicating an institutionally driven rally.

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Artificial Intelligence Cryptocurrency Sector Quadruples in Two Years, Approaching $20 Billion Market Value The AI-driven cryptocurrency sector, currently comprising 20 tokens with a collective market cap nearing $20 billion, has expanded by four times in the past two years. This sector, however, makes up just 0.67% of the overall crypto market, with the financials sector valued at around $519 billion. Despite its modest size, significant growth potential is anticipated for AI crypto, especially with the involvement of institutional players like Stripe, Meta, and major banks. Furthermore, developments in decentralized AI technologies, such as Bittensor's upcoming halving and the surge in subnet activity, are garnering attention. The report also highlights the notable progress of non-financial, revenue-generating projects in the AI crypto space, such as Grass, which is generating millions in annualized revenue by selling web-scraped data to AI labs.

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Cynthia Lummis Proclaims US Military Generals Back Bitcoin Reserve Strategy US Senator Cynthia Lummis announced that US military leaders back the idea of a strategic Bitcoin reserve, revealing this during the Bitcoin 2025 conference. Lummis highlighted the importance of economic strength alongside military power and shared that President Trump also supports her Strategic Bitcoin Reserve Act, which aims to add up to 1 million BTC to the US Treasury over a five-year period. She urged for the US to hold at least 5% of the world's Bitcoin in reserve, similar to its gold holdings. Lummis pointed out that states like Arizona, Texas, and New Hampshire are already pushing legislation to hold Bitcoin as a strategic asset, and noted similar movements in other countries, such as the United Arab Emirates and the Czech Republic.

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