Author: James Wilson

The US April jobs report showed 115,000 positions added in April, nearly doubling the consensus forecast of 62,000. Summary The Bureau of Labor Statistics reported 115,000 nonfarm payroll jobs added in April, well above the 62,000 consensus estimate. Unemployment held at 4.3%, with gains concentrated in healthcare, transportation, warehousing, and retail trade. The strong April jobs report reduces pressure on the Federal Reserve to cut rates, a headwind for crypto and risk assets. The US April jobs report showed 115,000 positions added in April, nearly doubling the consensus forecast of 62,000, according to data the Bureau of Labor Statistics released…

Tennessee Republicans have erased the state’s last Black majority congressional district, splitting Memphis into three GOP-leaning seats. Summary Tennessee’s Republican-controlled legislature passed a new congressional map splitting Memphis, a majority-Black city, into three separate districts. The move comes eight days after the Supreme Court gutted the Voting Rights Act’s racial gerrymandering protections in a major redistricting ruling. The new map positions Republicans to win all nine of Tennessee’s US House seats and draws out the state’s only Democratic congressman, Steve Cohen. Tennessee Republicans have erased the state’s last Black majority congressional district, splitting Memphis into three GOP-leaning seats. The Republican-controlled…

Google Chrome has been silently installing a 4GB AI model called Gemini Nano on users’ devices without consent, a researcher found. Summary Researcher Alexander Hanff documented Chrome secretly downloading a 4GB AI model called Gemini Nano to eligible devices without user notification or consent. The model reinstalls itself automatically if users delete it, and Chrome does not offer an opt-out prompt during installation. Hanff argues the practice likely violates the EU’s ePrivacy Directive and GDPR, raising legal questions that have not yet been tested in court. Google Chrome is silently installing a 4GB AI model on users’ devices without consent,…

Kalshi’s valuation has hit $22bn after a $1bn Series F led by Coatue, doubling its worth in just five months. Summary Kalshi raised $1bn in a Series F round led by Coatue at a $22bn valuation, doubling the $11bn it achieved just five months ago. Institutional trading volume on the platform surged 800% in six months, while annualized trading volume tripled from $52bn to $178bn. Kalshi accounts for over 90% of US prediction market activity and reports $1.5bn in annualized revenue with two million monthly users. Kalshi’s valuation has hit $22bn after a $1bn Series F led by Coatue, doubling…

SIREN price surged 22% on Binance perpetuals on May 8, hitting $1.2965 before a sharp 4H reversal warned of seller resistance. Summary SIREN’s Binance perpetual contract rose 22.82% on May 8, touching a session high of $1.2965 on volume of 139.23M tokens. The 4H spot chart on MEXC printed a long upper wick at $1.2207 and reversed 3.11%, signaling sellers stepped in at resistance. The daily MA ribbon has fully flipped bullish with all four SMAs stacked below price, but the MACD on the 4H is issuing the first caution flag of the latest rally. SIREN price posted a 22%…

Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Summary Kraken parent Payward filed a second amended complaint in Colorado federal court accusing Etana Custody and CEO Dion Russell of misappropriating over $25m in client funds. The complaint alleges Etana commingled custodial assets with operating funds, made risky bets totaling $16m through Seabury Trade Capital notes, and issued falsified account statements. Etana entered court-supervised liquidation in November 2025 with just $6.83m in cash against more than $26m in liabilities. Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds.…

Trump has abandoned his Iran war maximalist demands as polls drop and peace talks remain deadlocked Summary Trump has quietly dropped demands for Iran’s unconditional surrender and regime change, two of his stated original goals at the start of the war. His approval rating on the Iran war has fallen from 39% in early March to 30% in the latest YouGov survey. A Pew Research survey found 62% of Americans disapprove of Trump’s handling of the conflict, a number that has held steady since March. Trump has abandoned his Iran war maximalist demands as polls drop and peace talks remain…

The White House says voluntary partnerships, not strict mandates, are the right approach to AI regulation. Summary The White House released its National AI Policy Framework in March 2026, favoring voluntary tech agreements over prescriptive federal rules. The framework directs Congress to preempt state AI laws deemed to impose undue burdens on innovation and industry. Democratic lawmakers introduced the GUARDRAILS Act to block federal preemption and preserve state authority over AI oversight. The Trump administration released its National Policy Framework for AI regulation in March 2026, built around voluntary industry agreements rather than top-down mandates. The framework signals a move…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto conferences filled venues and dominated social feeds in 2025, but fresh traffic data suggests the hype barely translated into meaningful audience growth for crypto media outlets. Crypto conference season was noisy last year. The booths were full, the panels were stacked with premier speakers, and the side events and parties ran late. Social feeds made it look like the entire digital asset market took over conference halls and parts of major cities. So we asked the…

SoftBank has cut a planned OpenAI‑backed margin loan from around $10 billion to roughly $6 billion after banks and private credit funds pushed back on the deal’s structure and the difficulty of valuing OpenAI, an unlisted AI unicorn. Summary SoftBank Group is shrinking a planned margin loan backed by its OpenAI stake from about $10 billion to roughly $6 billion after lenders pushed back. Banks and private credit funds have raised concerns over how to value OpenAI, an unlisted company, and about the structure of the deal. The two‑year loan, extendable by one year, was meant to fuel SoftBank’s next…