ChainGPT AI News

On June 19, Joseph Lubin, co-founder of Ethereum and CEO of Consensys, shared an extensive valuation perspective on Ether via an X post. He praised a research note that compared ETH to 'digital oil,' but argued it underestimated Ethereum's potential. Lubin believes Ether will be central to a 'hybrid human-machine intelligence society,' creating value that could far exceed the current $113.8 trillion global economy. He suggested that the value flowing through Ethereum, a key component of the re-decentralized Web3, could surpass today's global GDP. Lubin contrasted Bitcoin as 'Gold 2.0' with ETH as the asset of a programmable economy, emphasizing the need to consider the impact of AI on digital activity. He proposed a thought experiment about a hypothetical 'trust-diamond commodity' that could significantly boost global GDP, equating this to ETH. Despite Ether's current market cap of around $307 billion, he sees potential for substantial growth, driven by a tightening supply and the emerging demand for trust in transactions. Read more AI-generated news on: https://app.chaingpt.org/news

Cybernews has uncovered a staggering database containing 16 billion individual login credentials, resulting from various hacks across multiple sectors, including Apple, META (Facebook), Telegram, and government entities. The data sets range from 16 million to over 3.5 billion records, affecting users globally, including those in Russia, Portugal, the US, and China. Alarmingly, this is not a single breach but a continuous series of leaks, creating a dangerous environment for mass exploitation. Cybercriminals now have unprecedented access to personal credentials, leading to potential account takeovers and identity theft. The situation is exacerbated by other significant leaks, such as China's 4 billion records and the infamous Mother of All Breaches, which revealed 26 billion records. Amidst this chaos, the pro-Israel hacker group Predatory Sparrow claimed a $90 million theft from an Iranian crypto exchange, aligning with regional military objectives. As cybercrime escalates, the importance of robust cybersecurity measures, especially in the crypto sector, cannot be overstated. Read more AI-generated news on: https://app.chaingpt.org/news

Russia's Deputy Finance Minister disclosed that only one-third of crypto mining firms are operating legally, despite a new law mandating registration with the Federal Tax Service (FTS). A report from TASS indicated that over half of these companies remain unregistered. Since the law's implementation in November 2024, only 30% of miners have complied. The legislation, approved in August 2023, aims to regulate the mining sector and curb illegal activities. By December 2024, more than 100 companies had applied for registration, but the FTS's head, Daniil Yegorov, noted that this figure was still low. At the St. Petersburg International Economic Forum, Chebeskov emphasized the need for more miners to register, stating that the goal is to fully legalize the industry. The Ministry of Digital Development is also working on amendments to impose fines for illegal mining and enhance enforcement against unregistered operations. This includes potential confiscation of crypto assets and penalties for unauthorized transactions. Read more AI-generated news on: https://app.chaingpt.org/news

Stackup, a platform designed for managing on-chain business operations, has raised $4.2 million in seed funding. Based in Los Angeles, the company, which previously developed account abstraction technology for Coinbase and Trust Wallet, aims to enhance its platform that offers businesses centralized control over decentralized assets. The funding round was led by venture capital firm 1kx, with contributions from Y Combinator and Digital Currency Group, among others. Co-founded by CTO Hazim Jumali and CEO John Rising, a former SpaceX manager, Stackup emphasizes the importance of safety in crypto. Rising recalls a tragic incident during his time at Virgin Galactic, highlighting the need for a focus on human safety alongside technical security. Stackup's account abstraction feature allows for programmable non-custodial wallets, enabling functionalities like easy wallet recovery and transaction reviews. The platform aims to prevent significant on-chain failures, drawing parallels to the high stakes of SpaceX launches, where financial losses can be substantial. Read more AI-generated news on: https://app.chaingpt.org/news

Alex Mashinsky, the former CEO of Celsius, has agreed to relinquish all claims to the assets of the bankrupt crypto lender, facilitating further distributions to creditors. This agreement, submitted to the U.S. Bankruptcy Court for the Southern District of New York, bars Mashinsky and three associated entities from receiving any bankruptcy proceeds. All claims made by Mashinsky will be withdrawn and will not receive any distribution under the Chapter 11 plan. Consequently, he and his related entities will be permanently excluded from any recovery in the Celsius bankruptcy, allowing the reserved assets to be redistributed to other creditors. The court will maintain oversight of the distribution process while Mashinsky serves a 12-year prison sentence for defrauding customers and manipulating the CEL token's price. Celsius filed for Chapter 11 in July 2022 due to a liquidity crisis and has since transitioned to a recovery-focused entity, distributing over $2.5 billion to around 251,000 creditors by August 2024. Read more AI-generated news on: https://app.chaingpt.org/news

The cryptocurrency sector has long been viewed through the lens of a male-dominated culture, often referred to as the 'crypto bro' stereotype. However, this perception is evolving as women increasingly take on influential roles. The National Cryptocurrency Association reports that nearly one-third of U.S. crypto holders are women, many of whom are now driving innovation in the industry. Leaders like Cathie Wood, founder of ARK Invest, are making significant strides by focusing on disruptive technologies. Wood's firm emphasizes thematic investing and has garnered recognition for its contributions to the field. Elizabeth Stark, CEO of Lightning Labs, has revolutionized Bitcoin transactions with the Lightning Network, enhancing its scalability. Wendy O, known as CryptoWendyO, has built a substantial following as a cryptocurrency educator, aiming to make the space accessible to newcomers. These women exemplify the diverse contributions reshaping the crypto landscape, proving that the industry is open to all, regardless of gender. Read more AI-generated news on: https://app.chaingpt.org/news

Fireblocks' recent report highlights the growing adoption of stablecoins by global financial institutions for cross-border payments and operational efficiency. Based on a survey of 295 organizations, nearly half are already using stablecoins, with 41% in testing or planning stages. The report indicates a significant transition of stablecoins from niche to central roles in finance. Instant settlement speed is the primary advantage, valued by 48% of executives, particularly for B2B payments in Latin America. The report emphasizes that stablecoins are vital for market expansion and customer demand fulfillment. In Asia, market growth is a key driver, while North America views regulation as an opportunity. Europe's MiCA framework enhances clarity, reducing compliance concerns. With 86% of organizations confident in the necessary infrastructure, security remains a priority for wider adoption. The stablecoin market is projected to exceed $2 trillion in three years, with USDC expected to grow significantly, reflecting the increasing demand for efficient payment solutions. Read more AI-generated news on: https://app.chaingpt.org/news

Cryptocurrency is experiencing significant growth in South Korea, driven more by the economic struggles of the younger generation than by enthusiasm for blockchain technology, according to expert Eli Ilha Yune. As of late March, over 16 million South Koreans are using crypto exchanges, representing more than 30% of the population. Yune highlighted that many traders are motivated by a desire for quick financial gains rather than a belief in Web3, contrasting this with Western attitudes. The newly elected President Lee Jae-myung is pushing for the integration of digital assets into the financial system, including support for domestic stablecoins. Despite the popularity of crypto among the youth, with the 'young rich' holding three times more than older generations, Yune noted that many are unaware of the underlying technology. High youth unemployment, coupled with soaring housing prices, has left young people seeking alternative investment opportunities, with crypto becoming a prominent option despite their limited understanding of it. Read more AI-generated news on: https://app.chaingpt.org/news

TikTok has refuted claims that it is purchasing the Official Trump (TRUMP) memecoin for $300 million, following accusations from California Democratic Representative Brad Sherman. The TikTok Policy account stated that Sherman's assertion about the platform's Chinese owners buying 'Trump Coins' is false and misleading. This denial comes as Trump signed an executive order delaying the potential ban or sale of TikTok, marking the third extension and providing the platform an additional 90 days to secure a buyer. Sherman argued that US laws permit only one extension and criticized Trump for not enforcing the ban. His allegations stemmed from reports about GD Culture Group, which has no formal ties to TikTok, planning to invest in Trump memecoin and Bitcoin. While some commentators questioned TikTok's denial, others dismissed Sherman's claims as untrustworthy. Sherman has a history of opposing cryptocurrencies, advocating for a ban in 2019, contrasting with the Trump administration's supportive stance on crypto. Read more AI-generated news on: https://app.chaingpt.org/news

In today's crypto news, TikTok has refuted claims made by US Representative Brad Sherman that it purchased hundreds of millions of dollars in President Trump's memecoin. The platform's official account stated that such allegations are false and misleading. This response comes as Trump signed another executive order delaying the potential ban on TikTok, granting the company an additional 90 days to find a buyer. Meanwhile, Bitcoin sentiment is nearly evenly divided between bullish and bearish views, with a recent analysis indicating a ratio of 1.03 bullish comments for every bearish one. This sentiment mirrors the low points seen in April during market turmoil caused by Trump's tariffs. Bitcoin has remained stable around $104,500, with predictions split on whether it will reach an all-time high or drop again. Additionally, Elon Musk's platform, X, is set to launch financial services by 2025, allowing users to manage payments and investments directly within the app, marking a significant expansion into the financial sector. Read more AI-generated news on: https://app.chaingpt.org/news

Kash Dhanda, COO of the Solana-based Jupiter decentralized exchange, announced a pause in governance voting, stating that the protocol is at a critical juncture. In a detailed announcement, he emphasized the urgency of defining the future of DeFi and the need for a concentrated effort on growth. The current decentralized autonomous organization (DAO) structure is deemed ineffective, leading to the decision to suspend voting until 2026, when a new, unifying approach will be introduced. Dhanda noted that the DAO has been caught in a negative feedback loop, hindering progress and causing community divisions. This suspension aims to enhance execution speed and growth while rethinking the DAO's operation. Keybi, a JUP staker, expressed support for the decision, believing it will yield long-term benefits. While DAO voting is paused, active staking rewards will continue, and existing work groups will remain operational. New proposals will not be accepted until voting resumes next year, following community engagement to establish a more effective process. Read more AI-generated news on: https://app.chaingpt.org/news

Parataxis Holdings, linked to Parataxis Capital Management, is launching a Bitcoin-focused treasury platform in South Korea. The firm announced a $18.5 million investment in Bridge Biotherapeutics, a public biotech company, which will be rebranded as Parataxis Korea to facilitate institutional Bitcoin exposure. Andrew Kim, a partner at Parataxis Capital, noted the rising global interest in Bitcoin treasury strategies, particularly in South Korea, which is seen as a key market for Bitcoin adoption. Although South Korea currently prohibits Bitcoin ETFs and institutional crypto investments, a pilot program will allow 3,500 corporations and professional investors to open 'real-name' accounts by mid-2025. This initiative follows a broader trend of corporate Bitcoin adoption, with over 237 public companies now holding Bitcoin. Following the acquisition announcement, Bridge Biotherapeutics' stock surged over 20%, despite being down significantly year-to-date. Meanwhile, other companies like Pri0r1ty Intelligence Group are also exploring Bitcoin as a reserve asset. Read more AI-generated news on: https://app.chaingpt.org/news

On June 5, 2025, a solo miner achieved the remarkable feat of solving a Bitcoin block alone, earning over $330,000 in rewards amidst the toughest mining conditions ever. At that time, Bitcoin's difficulty was exceptionally high, with miners facing over 126 trillion possible hashes. The miner temporarily boosted their hashrate to around 259 petahashes per second (PH/s) using rented computing power, which provided a slim 1 in 3,050 chance of success. Unlike large mining farms, this individual miner operated through Solo CKPool, a platform that allows solo attempts without sharing rewards. This win was part of a growing trend where independent miners leverage short-term rented hash power to increase their chances. While solo mining is risky, the potential rewards are substantial. This event, along with similar wins earlier in 2025, highlights the evolving landscape of Bitcoin mining, where strategic approaches and access to cloud-based resources are enabling individual miners to make significant impacts, even against high difficulty levels. Read more AI-generated news on: https://app.chaingpt.org/news

The Governor of the Bank of Korea, Rhee Chang-yong, has expressed openness to the idea of a won-based stablecoin, but he remains cautious about its impact on foreign exchange management. He noted that such a stablecoin could facilitate exchanges with dollar stablecoins, potentially increasing their demand and complicating forex management. This statement aligns with the ongoing efforts of South Korea's new president, Lee Jae-myung, to regulate the crypto sector, especially as the nation’s forex reserves have decreased from $415.6 billion to $404.6 billion in six months. Recently, the ruling Democratic Party introduced the Digital Asset Basic Act, allowing companies with a minimum capital of $368,000 to issue stablecoins, provided they maintain adequate reserves and receive approval from the Financial Services Commission. Meanwhile, US dollar-backed stablecoins like Tether and USDC dominate the market, although Circle's euro-pegged stablecoin has seen significant growth this year. Read more AI-generated news on: https://app.chaingpt.org/news

AERO is on a strong upward trajectory, nearing the $1 mark after a notable rally. Currently, it is trading just below the $0.85 resistance level. The altcoin shows potential for further gains if it maintains key support levels. The Relative Strength Index (RSI) is above neutral, indicating sustained bullish momentum and favorable market sentiment. As the RSI remains positive, AERO has room for price growth without immediate overbought conditions. Investors are closely monitoring for signs of continued bullish strength as AERO approaches the psychological $1.00 threshold. The liquidation map reveals a dominance of short positions, with bears facing over $4 million in potential liquidations if AERO hits $1. Despite the prevalence of short contracts, the market remains susceptible to a sharp upward move. AERO has risen 75% this month and is currently at $0.84. Establishing $0.85 as support is crucial for further gains, while failure to do so could lead to a decline towards $0.72, jeopardizing the bullish outlook. Read more AI-generated news on: https://app.chaingpt.org/news

Gradient Network has successfully raised $10 million in seed funding to create a decentralized AI infrastructure, led by Pantera Capital and Multicoin Capital. The Singapore-based startup aims to develop two key protocols, Lattica and Parallax, which will enable AI models to operate across a distributed network of devices instead of relying on centralized data centers. Co-founder Eric Yang emphasized that intelligence should be a public resource, not a corporate asset. This funding will help build infrastructure that promotes decentralization in AI, especially amid growing concerns over data privacy and the dominance of major tech companies. Lattica will function as a peer-to-peer communication protocol, while Parallax will allow large AI models to run on multiple devices simultaneously, keeping user data local. Although challenges like task coordination and network latency exist, Gradient's approach could reduce costs and enhance privacy compared to traditional cloud computing. Operating on Solana's blockchain, Gradient plans to introduce more protocols and engage developers in its mission. Read more AI-generated news on: https://app.chaingpt.org/news

Arizona's Senate has revived House Bill 2324, which aims to establish a 'Bitcoin and Digital Assets Reserve Fund' to manage forfeited digital assets. Initially rejected on May 7, the bill was reconsidered after a 16-14 Senate vote. The proposal, primarily supported by Republicans, allows the state to seize digital assets from individuals who are deceased, deported, or have abandoned their property, provided there is no known owner. If passed, the first $300,000 from criminal forfeitures would go to the Attorney General, with any excess divided among the Attorney General, the state general fund, and the new reserve fund. The bill's sponsor, Republican Senator Jeff Weninger, also seeks to expand Arizona's forfeiture laws to include digital assets. Governor Katie Hobbs recently signed HB 2749, allowing the state to retain unclaimed crypto without using taxpayer funds. However, she vetoed other bills that would expose state funds to cryptocurrency investments, citing market volatility concerns. Read more AI-generated news on: https://app.chaingpt.org/news

A significant data breach has compromised over 16 billion login credentials, marking one of the largest collections of stolen personal data ever found. Reported by Cybernews, this data includes credentials from major platforms like Facebook, Google, Telegram, and GitHub, as well as access to various corporate and government sites. Researchers believe the data stems from a combination of infostealer malware, credential stuffing, and previous leaks. Cybernews warns that this breach serves as a 'blueprint for mass exploitation,' providing cybercriminals with extensive access to personal information for account takeovers and identity theft. The datasets, which were briefly exposed via unsecured cloud storage, contained an average of 550 million entries each. While the leak's perpetrators remain unknown, experts emphasize the risks posed by such breaches, particularly for users without robust cybersecurity measures like multi-factor authentication. They note that those employing two-factor authentication and password managers are less likely to be affected, as these tools provide essential protection against such threats. Read more AI-generated news on: https://app.chaingpt.org/news

Visa has teamed up with Yellow Card Financial, a stablecoin payment provider in Africa, to enhance the use of digital dollars across the continent. This partnership aims to promote stablecoin transactions for cross-border payments in emerging markets where Yellow Card operates. The initiative will see stablecoin transactions launched in at least one African country this year, with further expansions planned for 2026. Chris Maurice, CEO of Yellow Card, emphasized that the collaboration will improve treasury operations and facilitate cost-effective money transfers. Despite a modest rise in overall cryptocurrency usage in Sub-Saharan Africa in 2024, stablecoin adoption is surging, driven by limited access to US dollars and foreign exchange challenges. Yellow Card, which began in Nigeria in 2019, now operates in 20 countries and has processed over $6 billion in transactions. Stablecoins represent about 43% of the region's transaction volume, with significant growth noted in Nigeria and Ethiopia, highlighting Africa's potential as a key market for digital currencies. Read more AI-generated news on: https://app.chaingpt.org/news

Elon Musk's social media platform, X, is set to introduce a range of financial services, allowing its 600 million users to conduct payments and investments directly within the app. In a recent interview, CEO Linda Yaccarino mentioned that users will eventually be able to manage their entire financial lives on the platform. Plans are underway for an X-branded credit or debit card, potentially launching later this year. Musk has confirmed beta testing for the X Money payment and banking app, emphasizing the need for caution during the pilot phase due to the involvement of users' savings. The X Money app is expected to debut in the US, creating a comprehensive commerce and financial ecosystem. While there is speculation about the inclusion of cryptocurrency payments, particularly given Musk's support for Dogecoin, no official confirmation has been made. Meanwhile, other companies like Visa and JPMorgan Chase are advancing their own digital asset payment solutions. Read more AI-generated news on: https://app.chaingpt.org/news