This week features significant volatility-triggering events for cryptocurrencies. Key data releases and central bank speeches will influence market movements. Continue Reading: Major Developments Shape the Crypto Market Dynamics This Week The post Major Developments Shape the Crypto Market Dynamics This Week appeared first on COINTURK NEWS .
Crypto thefts skyrocketed in the first half of 2025, with over $2.1 billion stolen across at least 75 attacks—nearly matching 2024’s total and surpassing the previous H1 record set in 2022. North Korea Groups Responsible for 70% of Losses In the first half of 2025, over $2.1 billion in crypto was stolen across at least
Billionaire Elon Musk criticized the US Senate’s latest version of President Donald Trump’s tax and spending bill on Saturday, June 28. Musk referred to the bill as “utterly insane and destructive.” In an X post , Musk alleged that the newest Senate draft bill would wipe out millions of jobs in the US and seriously hurt the nation. He further stated that the bill benefits outdated industries while greatly harming future industries. The tech billionaire’s recent criticism threatens to reignite his public conflict with Trump, which began after the world’s richest man exited his cost-slashing job in the administration. Musk strongly condemns Trump’s tax and spending bill The new bill significantly reduces financial support for clean energy initiatives such as wind, solar, and electric vehicle tax credits, while introducing new incentives for the coal industry . Musk has previously stepped in to halt the major spending bill. He opposed a government spending plan by posting about it online last December, which led many Republicans to withdraw their support and almost caused a government shutdown. Back then, Musk had more power as a close ally of Trump and the biggest donor for Trump’s reelection campaign. However, his influence in the Republican Party has decreased after his controversial time leading the Department of Government Efficiency, which created ongoing problems for the White House. Additionally, in the tech entrepreneur’s contribution in the congressional debate over President Donald Trump’s sweeping tax and spending bill, he called the bill “a disgusting abomination” that would cause a surge in the federal deficit. Several US Senate fiscally conservative Republicans supported Musk’s social media posts, which might make it harder for the bill to pass in that chamber. Musk shared an X post stating that he was really fed up with this. Based on his argument, this huge, ridiculous spending bill from Congress was awful. He continued, “Shame on those who supported it: deep down, you know it was wrong. You know it.” Though the previous proposal would have phased out the incentive at the end of this year for most sales of electric vehicles, the new version ends the credit after September 30. The tax credits for purchasing used and commercial electric vehicles would also expire simultaneously. Musk threatened to finance primary challenges to the GOP’s tax bill supporters Following Elon Musk’s fallout with President Donald Trump, the spotlight in Washington shifted to how the rift might impact the GOP’s tax bill and the billionaire’s evolving political agenda. Trump and his team stated that the president has shifted his focus to more important issues. The argument with his once omnipresent benefactor had kept both Washington and Wall Street closely watching every update. Trump directed his anger toward Federal Reserve Board Chairman Jerome Powell after the May jobs report came in better than expected. On Truth Social, he wrote, “Go for a full point, Rocket Fuel!” He also stated that his main trade advisors would meet with their Chinese counterparts in London. He mentioned that the meeting should go very well. Meanwhile, Congressional Republicans were taking Trump’s side on the bill, gambling that sticking to the president is a smarter move even as Musk threatens to help finance primary challenges to anyone who votes for it. However, it is worth noting that they were nowhere near agreement on the specifics. Two White House officials familiar with the situation revealed that Trump had no plans or intentions to speak with Musk, though they indicated the tech mogul had hoped for such a call. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
On-chain data reveals that a prominent Ethereum whale recently executed a significant liquidation, offloading 1,550.4 ETH at an average price of $2,438.50. This transaction, valued at approximately $3.78 million, followed
Donald Trump’s increasing endorsement of Bitcoin has sparked a heated debate, with economist Peter Schiff warning that this shift could undermine the U.S. dollar’s global dominance. While Trump highlights Bitcoin’s
Meta Platforms is rapidly building its artificial intelligence (AI) muscle by continuing to hire top researchers from rival OpenAI. According to the recent update , the company has brought on four more AI scientists : Shengjia Zhao, Jiahui Yu, Shuchao Bi, and Hongyu Ren. These researchers have reportedly accepted offers to join Meta’s AI division, although their specific roles have not been publicly disclosed. This wave of new hires comes just on the heels of the poaching of three additional, prominent researchers from OpenAI’s office in Zurich. A few days ago, The Wall Street Journal reported that Lucas Beyer, Alexander Kolesnikov and Xiaohua Zhai were leaving OpenAI to work for Meta. All three have strong expertise in computer vision and deep learning. Media outlets contacted Meta and OpenAI for comment on the matter, but they both declined to comment. Zuckerberg accelerates AI superintelligence plans The hires represent a major push by Zuckerberg to put his company on the map in the race to develop AI systems that reason, learn and make decisions at or beyond the level of human ability. The quest for artificial general intelligence (AGI) is one of Meta’s most critical long-term missions, according to Zuckerberg, who has called for a concerted, open-source effort to build this technology. Meta’s approach is in marked contrast to that of OpenAI, which has taken a more closed model. OpenAI has partnered with Microsoft and closely controls how its models, including GPT-4, are used. Still, Meta has been releasing more of its research and models to the open-source community. This has drawn researchers interested in transparency and scientific freedom, a potential reason top talent is moving. The new hires are being brought in to work on Meta’s next-gen AI models, namely its Llama series and more general AGI projects, which belong to Meta’s AI research group, FAIR (Facebook AI Research). The group is developing a powerful multimodal system to understand and generate text, images, audio, and video at human-level quality. Top researchers leave OpenAI for Meta The OpenAI departures have questioned how things are working internally at the company. OpenAI remains one of the most important AI labs in the world, having released the revolutionary ChatGPT and DALL-E models . Still, several of its key staff members have defected to competitors in recent months. Meta’s poaching raid seems to be the most deliberate yet. Industry experts say the race for top AI talent has entered a fierce new phase. With AGI seen as the ultimate prize in tech, companies are pulling out all the stops to attract the brightest minds. They’re offering huge salaries, top-tier equipment, full support teams, and unlimited access to data and testing tools—plus the freedom to explore bold, unconventional ideas in the pursuit of building the intelligent machines of tomorrow. With its huge resources and fresh strategic impetus, Meta is suddenly a compelling place to go. Meanwhile, OpenAI has been scrutinized for its structure, especially since a dramatic late 2023 board shake-up that saw CEO Sam Altman briefly ousted and later reinstated . Some insiders say the turmoil may have affected morale and retention, even as the organization persists in rolling out technical achievements. As Meta steadily lures in more researchers from competing labs, the borders in the AI arms race are being redrawn. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
New president’s pledge to allow won-based stablecoins has led to huge gains in related shares this month
Moves highlight growing trend for businesses to turn themselves into proxies for the cryptocurrency
Jupiter is now on the verge of breaking out of another bullish pattern.
Trump's stance influenced Bitcoin's market activity positively. The EU and U.S. Continue Reading: Trump Powers BTC as European Tensions Quietly Surmount The post Trump Powers BTC as European Tensions Quietly Surmount appeared first on COINTURK NEWS .