Gemini is set to follow Circle’s successful IPO by filing for its own public offering, marking a significant development in the evolving crypto market landscape. The Winklevoss twins, founders of
U.S. stock markets showed resilience as the latest jobs report surpassed expectations, boosting investor confidence and lifting major indices. The report highlighted steady job growth and a stable unemployment rate,
Circle’s USDC issuer continues to impress investors as its stock nears a fourfold increase from its $31 IPO price within just two trading days. The company’s market capitalization surged to
Switzerland has taken a significant step in global crypto regulation by approving the automatic exchange of crypto asset information with 74 countries, excluding the US and Saudi Arabia. This initiative
The UK’s appetite for AI infrastructure could come at a hefty price as a proposed £10 billion data center at Elsham, Lincolnshire, could emit more greenhouse gases each year than five of the country’s busiest airports combined. According to The Guardian, the data center is expected to house 15 enormous server halls and, at full capacity, is projected to produce vast amounts of carbon emissions, igniting debates on the environmental costs of the UK’s AI aspirations. Is the UK chasing AI supremacy over green goals? Plans submitted last month for the complex, located roughly nine miles east of Scunthorpe, estimate electricity use of around 3.7 billion kilowatt-hours annually, generating up to 857,254 tons of carbon emissions if powered by today’s National Grid mix. For perspective, that’s five times the carbon output of Birmingham Airport, take-offs and landings included. A public consultation on the scheme closes in three weeks. Organizers acknowledge the extreme heat produced by so many high-performance computers and have proposed glasshouses to capture and reuse the waste warmth, in theory growing over 10 tons of tomatoes a day. Yet building enough renewable generation on-site has been dismissed as impractical. Biomass would demand 100 lorry deliveries of wood chips daily; wind turbines would number 10,000 if each stood just 20 meters tall, and solar panels would need an area five times the size of the Glastonbury Festival grounds. The backers, Elsham Tech Park Ltd, say they will “endeavor to purchase green power where possible” and hope that by the center’s anticipated opening in 2029, cleaner energy on the grid will cut actual emissions below today’s forecast. A government spokesperson has underlined the need to meet AI’s power demands responsibly, pointing to advanced modular nuclear reactors as a “particularly important” solution, and promised planning reforms to accelerate nuclear builds nationwide. Industry giants are already wrestling with these tensions. Microsoft admitted this week that despite a 2019 pledge to hit net-zero carbon by 2030, its overall emissions have climbed by 23%, driven largely by AI expansion. Meta has just agreed to a 20-year power purchase deal with an Illinois nuclear station, while Amazon and Google are exploring their own nuclear ventures to secure low-carbon electricity for ever-hungry AI servers. Experts want new data centers to trigger an equivalent rollout of renewables Research paints an even starker picture of the sector as a whole. The Öko-Institut in Germany projects that by 2030, carbon emissions from AI data centers will be six times higher than in 2023. Greenpeace argues that every new data center must trigger an equivalent rollout of renewables to prevent the carbon footprint of our digital lives from spiraling out of control. Yet many experts believe AI itself could bolster the transition to a zero-carbon economy, optimizing power networks, accelerating materials discovery for clean technologies, or driving efficiencies across industry. Martha Dark, co-executive director of London-based non-profit Foxglove, warns that Britain’s two big government objectives, fueling AI growth and hitting net zero by 2050, are now on a collision course. “The prime minister has hailed generative AI data centers as miracle beans for our economy while also promising to purge toxic pollution and reach carbon neutrality,” she said. “It’s decision time: does the government want a growth plan that truly benefits Britain, or one that best serves the interests of Amazon, Google and Meta?” – Dark. Local officials are keen to see the investment. Robert Waltham , leader of North Lincolnshire Council, stresses that data centers bring high-value jobs, Elsham Tech Park Ltd expects to employ around 900 people and can underpin crucial social services. His council is already piloting AI chatbots to help elderly residents manage their medications, helping them live independently for longer. For its part, the developer highlights Elsham’s position amid the UK’s most advanced “clean energy cluster,” with access to a third of the nation’s offshore wind capacity and two-thirds of licensed carbon capture and storage sites. Still, the debate over whether to prioritize rapid AI expansion or carbon reduction will only intensify as ministers press ahead with plans to fast-track both data centers and new nuclear capacity. In the coming weeks, the public consultation will reveal whether local voices side with the promise of high-paying tech jobs or with those who demand a greener path. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Ripple’s stablecoin RLUSD has experienced a significant volume decline, dropping over 57% amid waning user demand and halted minting activities. This downturn raises questions about the broader impact on XRP,
Stocks are in recovery mode after the latest jobs report beat expectations, while Tesla regained some of its losses. U.S. stock indices rebounded on Friday, June 6, following stronger-than-expected jobs data. The Dow Jones rose 300 points, or 0.7%, while the S&P 500 gained 0.75%. At the same time, the tech-heavy Nasdaq climbed 0.97%, with major indices buoyed by encouraging figures on U.S. employment. According to Friday’s report, U.S. employers added 139,000 new jobs , lower than the revised April figure of 147,000 but still ahead of expectations. Meanwhile, the unemployment rate held steady at a relatively low 4.2%. Overall, the report signaled that the U.S. job market remains resilient despite ongoing concerns over the trade war. Nonfarm payrolls data is a key metric for the Federal Reserve, which maintains a dual mandate of supporting employment and keeping inflation low. The stronger-than-expected figures are likely to keep the Fed cautious about cutting interest rates, as inflation remains a concern. Following the positive news on the job market, U.S. President Donald Trump once again launched an attack on the Fed. Trump urged Fed Chairman Jerome Powell to lower interest rates to stimulate the economy. “Go for a full point, Rocket Fuel!” Trump stated on social media. You might also like: U.S. jobs report sends mixed signals, Bitcoin traders eye Fed’s next move Tesla somewhat recovers from the Musk-Trump feud Tesla shares recovered around 5% as traders viewed the sharp sell-off as a buying opportunity, following steep losses tied to the public feud between Elon Musk and Donald Trump. The tech CEO and former Trump ally had called for the president’s impeachment and claimed Trump was named in the Jeffrey Epstein files. This public feud resulted in Tesla shares losing 14% on Thursday, and Musk’s personal wealth dropping by $34 billion. Later, Elon Musk signalled he would cool tensions with President Donald Trump, which Trump rejected , claiming Musk has “lost his mind.” Read more: Musk dragging Trump into the Epstein files has nothing to do with the crypto market — and everything to do with it
Latin America’s crypto boom is the real deal, and in Brazil, it’s especially strong, but according to a new Q1 2025 report from Outset PR, the region’s crypto media landscape is collapsing just as adoption surges. From mid-2023 through mid-2024 this crypto-forward zone saw nearly $415 billion in crypto inflows, representing a 42.5% year-over-year increase . At this rate, LATAM ranks as the world’s second-fastest-growing market. Within Latin America, four countries rank among the world’s top 20 for crypto adoption, Brazil notably placing ninth. The country pairs strong user engagement with a regulatory environment that remains broadly constructive. While it’s often overshadowed by El Salvador – the world’s first nation to adopt Bitcoin as legal tender – Brazil distinguishes itself through a more measured, infrastructure-driven approach. Its focus on fintech collaboration, institutional readiness, and regulatory progress positions it as a long-term leader in crypto integration. Lawmakers recently introduced a bill ( PL 957/2025 ) to allow up to 50% of wages to be paid in Bitcoin with the rest in the country’s native reais. This would make Brazil one of the first countries to officially accommodate crypto payrolls. The central bank has signaled a more open stance toward stablecoin usage by reconsidering a prior ban that limits transfers of stablecoins to self-custody wallets. Mercado Bitcoin, Brazil’s largest crypto exchange, has inked major partnerships: it is Ripple’s first Brazilian client for a blockchain-based payment solution, and it just announced a deal to tokenize $40 million of Brazilian assets on the Plume Network. Even traditional banks are catching up. Brazil’s BTG Pactual has launched blockchain investing tools, and a pilot digital-real/CBDC program has pushed banks like Itaú into crypto services. But with all this momentum, why is Brazil, along with much of Latin America, still lacking consistent, in-depth media coverage of these shifts? As recently highlighted by Outset PR , the region’s crypto media landscape is thinning at the very moment it’s needed most. Outset PR report: Media isn’t keeping pace The media ecosystem communicating these developments is shrinking, despite a thriving crypto economy. Outset PR’s Q1 2025 media-audit report reveals a sharp disconnect: despite clear signs of strong user interest, Latin America’s crypto news outlets aren't performing well. In the first quarter, only a handful of crypto sites managed growth while 73% of active crypto media lost traffic. January’s Bitcoin rally brought a short-term boost in crypto coverage on mainstream finance outlets, but niche crypto news sites and blogs suffered as market momentum shifted. By February, only 12 crypto outlets saw traffic growth, while the majority lost visibility due to market downturns and early algorithmic shifts. Google’s March core update then shuffled rankings further. Only about half of the 55 monitored outlets recaptured traffic by March. Outset PR tracked a steep and uneven recovery, with many outlets failing to regain January traffic levels. Six sites dominate a shrinking ecosystem In practical terms, Outset PR highlights that Latin American crypto media are highly concentrated and exclusive. There are just six top publishers that accounted for around 69% of all visits to crypto-focused outlets in Q1. Despite such a large market share concentrated across a small handful of players, none of these niche sites averaged more than 1 million monthly visits. The rest of the field is fragmented: many crypto outlets in the region struggle to reach even 10,000 visits per month, with the lowest tier capturing just 8% of total traffic. Several previously recognized sites, such as bitcoinmexico.net and latamblockchain.com, are now defunct, dormant, or largely irrelevant, according to the report. Mainstream media overshadows crypto-native press Adoption is surging, but discoverability isn’t. In Brazil, most web users learn about crypto from large general-media brands (Ámbito Financiero, InfoMoney, iProfesional, El Diario, Valor Econômico, etc.) rather than pure-crypto outlets. These legacy outlets cover crypto on occasion and often gear content to market hype. Their editorial focus can spike PR impressions during bull runs, but they offer no guarantee of engaged crypto readers or evergreen visibility. Outset PR’s data suggest that relying on broad “LATAM” press packages without context can backfire. Budgets get spent on clicks that vanish once Google’s algorithm changes or interest drops. Strategy must evolve with the market For crypto brands in Brazil and Latin America, the takeaway is clear: do not equate adoption with media reach. Campaigns must target the right mix of outlets – the few niche sites that actually have crypto-savvy audiences, plus mainstream portals at critical moments, such as around big regulatory or price news. And they must continuously update their playbook: Outset PR stresses using real traffic and search analytics—not just clippings or old rankings. In short, while Brazil’s crypto narrative is vibrant on the ground, PR teams need data-driven media strategies to ensure the message doesn’t get lost in a crowded and volatile landscape. The region’s next challenge for the industry isn’t building a viable crypto ecosystem, it’s being seen.
Immutable token retreated this week as market participants reacted to the broader crypto market crash. It also dropped despite welcoming a popular game to its platform and a surge in Guild of Guardians NFT sales. Immutable ( IMX ) fell to $0.495 on Friday, down 36% from its May peak and 86% from its high last year. The sharp decline has dragged its market capitalization from $4.6 billion in September to $958 million. The decline came even after developers announced that Legends of Elumia had migrated to the Immutable network from Ronin. This is notable, as Legends is a fast-growing title acquired by Triumph Games in April and boasts thousands of monthly active players. Legends of Elumia is now available on PC and Mobile. A fantasy MMORPG with hand-crafted Hero NFTs, an onchain economy, and more. @PlayElumia is powered by Immutable. pic.twitter.com/u9al46uC78 — Immutable (@Immutable) June 4, 2025 Meanwhile, Immutable’s NFT activity showed notable strength this week. Data indicates that Guild of Guardians Heroes generated $8.89 million in sales, a 61% increase from the same period last week. Guild of Guardians Avatars sales rose by 64% to $4.2 million. In total, Immutable processed $13.7 million in NFT sales this week, up 69% from the previous period. You might also like: U.S. jobs report sends mixed signals, Bitcoin traders eye Fed’s next move The next key catalyst for the IMX token is a major unlock scheduled for June 13. It will release 24.52 million tokens, valued at over $12.7 million. Fortunately for investors, IMX unlocks will conclude in October, transitioning the token into a deflationary asset. Immutable price technical analysis IMX price chart | Source: crypto.news The daily chart shows that the IMX price peaked at $0.8100 in May as most cryptocurrencies rallied. It then pulled back to $0.50, its lowest point since May 8. IMX has since dropped below its 50-day Exponential Moving Average, while both lines of the MACD have crossed below the zero line. The Relative Strength Index has also tilted downward and is approaching oversold territory. Given these signals, the token will likely continue falling as sellers target key support at $0.3458, its year-to-date low. A drop to this level would complete a double-bottom pattern, which could signal a rebound back to the neckline at $0.8100. However, a decisive move below that support would invalidate the bullish setup. You might also like: Top 3 reasons why the crypto market is down today
Cookie is currently retesting a pivotal support level with strong technical confluence. Despite declining volume, the bullish structure remains intact—raising the odds of a potential rally toward $0.30. Cookie ( COOKIE ) is trading at a decisive technical level that could determine its next major move. What was once firm resistance has now flipped into support, providing a potential foundation for bullish continuation. This zone aligns with both the 200 moving average and the 0.618 Fibonacci retracement, making it a critical test of market strength. Key technical points: Support Flip: Previous resistance has now flipped to support, showing early signs of validation. Technical Confluence: The 200 moving average and the 0.618 Fibonacci level align with this support zone. Bullish Market Structure: Cookie maintains a series of higher highs and higher lows. Volume Decline: The recent pullback came on decreasing volume, indicating a potential correction rather than trend reversal. Upside Target: A successful reversal could see price reach high time frame resistance at $0.30. CookieUSDT (4H) Chart, Source: TradingView Price action on Cookie is now testing a former resistance zone that had repeatedly capped upward moves. Following the latest pullback, this area has turned into support, creating a compelling case for a bullish retest. The fact that it coincides with both the 200 MA and the 0.618 Fibonacci level adds significant technical weight. You might also like: Top 3 reasons why the crypto market is down today Importantly, the overall trend remains bullish. Despite recent corrective movement, Cookie has maintained its pattern of higher highs and higher lows. The pullback itself occurred on declining volume, behavior that often characterizes healthy retracements within broader uptrends. This suggests the current move is more likely a pause than a breakdown. For the bullish scenario to unfold, a rise in volume will be crucial. Volume confirmation would indicate renewed demand and could serve as the catalyst for a breakout. The next major target sits at $0.30, a high time frame resistance level that may act as a magnet if momentum builds. What to expect in the coming price action If Cookie holds this key support and volume begins to rise, it sets the stage for a push toward $0.30. Traders should monitor volume closely, its behavior will likely determine the strength of any upside move. Read more: Ethereum forecast suggests rally to $10k, new DeFi coin poised to soar alongside Tron