Ripple’s ongoing legal battle with the SEC may be approaching a critical turning point, with rumors suggesting a potential settlement announcement on June 13, 2025. Despite optimistic claims from prominent
Faced with high expenses, software development has fast become the cornerstone for generative AI startups, two years after OpenAI’s ChatGPT went viral, spurring massive developments in the sector. Known as “code generation” or “code-gen,” these AI tools are attracting enormous valuations as corporate executives explore ways to streamline or even replace costly human programmers. AI startups must fend off stiff competition from established firms San Francisco’s Cursor, which can autocomplete single lines and draft entire code segments autonomously, exemplifies the frenzy. In May, it secured a $900 million investment round that valued the company at $10 billion, with backing from Thrive Capital, Andreessen Horowitz and Accel. Meanwhile, Mountain View startup Windsurf, best known for its Codeium tool that turns natural-language commands into working code, has reportedly held acquisition talks with OpenAI at a $3 billion price tag. These deals underscore the sense among founders and investors that the window to capture developer mindshare is closing fast, establish your AI assistant now, or risk being sidelined. Despite these sky-high private valuations, code-gen outfits face ever-rising costs for every API call, since most rely on foundation models from OpenAI, Anthropic or DeepSeek. None are profitable, and all must fend off competition from the likes of Google, Microsoft, and OpenAI itself. In May alone, each of these giants unveiled, or confirmed they were developing, new AI coding solutions. Microsoft’s GitHub Copilot, the early leader since its 2021 launch, reportedly generated over $500 million in revenue last year and now serves more than 15 million users. Google says over 30% of its internal code is AI-generated, while Amazon claims to have saved the equivalent of 4,500 developer-years through AI tools. Satya Nadella added that Microsoft itself uses AI to write about 20–30% of its code, even as the company recently laid off 6,000 employees, over 40% of whom were software engineers in Washington state. AI startups deal with huge expenses amid rapid growth Investor sources paint a picture of fast-growing revenues paired with negative gross margins. Cursor, with just 60 staff, has ramped from zero to roughly $100 million in annual recurring revenue by January 2025, its second birthday, while Windsurf, four years old, has hit $50 million in run-rate sales since launching its coding product last November. Yet each dollar earned is overshadowed by the fees these startups pay per AI query. “Coding assistant costs are only going to rise,” warns Quinn Slack , CEO of Sourcegraph. Founders in their twenties, many fresh from MIT, are putting in “the hardest work since the first Internet boom,” according to Andreessen Horowitz partner Martin Casado. But as Redpoint Ventures’ Scott Raney notes, success won’t hinge solely on algorithmic prowess. “It’s who can market and sell the technology most effectively.” Raney And to reduce reliance on external foundation models and the resulting per-query expenses, several code-gen players are striving to train their own. Windsurf recently rolled out its first self-hosted models fine-tuned for software engineering. Cursor has quietly assembled a research team to develop its own large “frontier-level” models, aiming to cut hefty licensing fees. However, building a proprietary AI core is a monumental investment in compute and data. Poolside, with over $600 million raised, has partnered with AWS to test its forthcoming model but has yet to launch. Magic Dev , backed with nearly $500 million since 2023, promised a frontier coder last summer but remains silent on delivery. Others, like Replit, have abandoned in-house ambitions after assessing the scale of the challenge. As code-gen startups jockey for leadership, the broader picture remains uncertain. The question remains if these specialized players will retain enough of their early adopters once the tech giants roll out more integrated, enterprise-ready offerings. Or they will become acquisition targets in a consolidation wave, an outcome that could both validate and vault them into the next stage of AI-driven software creation. The market only waits to see whether this gold rush yields lasting fortunes. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Joseph Lubin, one of the co-founders of Ethereum and founder of Consensys, stated on social media that Ethereum has started a new era in global value transfer. “Just as the internet fundamentally transformed the way information is transferred, Ethereum is transforming the way value is transferred. It offers a shared, open, and programmable monetary standard,” Lubin said. Lubin said that Ethereum has been producing a block every 12 seconds for nearly a decade without interruption, and last year, over $25 trillion worth of value was moved through the network alone. Stating that Ethereum hosts the most stablecoins, real-world assets (RWA) and asset tokenization projects, Lubin stated that the network also offers local income generation capacity and has an advanced DeFi ecosystem with a re-staking mechanism. Related News: South Korea, a Country Influencing the Crypto Sector, Has Announced the Winner of Its Presidential Election - Here Are His Cryptocurrency Opinions Stating that thanks to these features of Ethereum, it paves the way for stablecoins that will replace the dollar in the global payment infrastructure, Lubin said, “Public markets are just starting to realize this fact.” *This is not investment advice. Continue Reading: One of Ethereum’s Founders Makes Highly Bullish Comments About ETH
Willy Woo, a bitcoin analyst, has given an exceedingly bullish prediction for the price of bitcoin. Woo stated that due to bitcoin’s traits, its market cap has the potential to reach and even surpass global GDP figures in the next two decades. Willy Woo Predicts Bitcoin Market Cap to Exceed Global GDP While individual investors
A significant rise in blockchain activity could be the catalyst for a major altcoin rally this June. Some digital assets appear primed for substantial gains. This article delves into the top contenders poised for impressive growth, revealing the three altcoins that might just lead the charge. Discover which coins to watch closely for potential investment opportunities. Hyperliquid Altcoin Exhibiting Bullish Growth and Key Levels Hyperliquid has shown notable price movements over the past month and six months. It recorded a gain of 72.61% in the past month and an impressive rise of 261.61% over the last six months. Although there has been a slight decline of 2.67% in the most recent week, indicating a short-term correction, the overall trend remains upward. The strong performance in these periods reflects growing investor interest and a bullish sentiment in the altcoin sector. The price fluctuations indicate a volatility that is linked to the ongoing trends in the crypto bull run. The current price action shows a trading range between $21.20 and $42.08, with bulls currently in control. Immediate resistance is at $51.47, while a higher resistance level is found at $72.35. Support rests at $9.73, where buying interest may return if prices decline. Key indicators, including the Awesome Oscillator and momentum readings, suggest positive strength, although the RSI indicates approaching overbought territory. Strategies may involve purchasing near support levels and targeting breakouts above the resistance at $51.47, while keeping an eye on potential short-term corrections. SUI Coin Behavior Amid Recent Market Trends SUI experienced a monthly slip of around 0.53% and a six-month decline of nearly 9.88%. A one-week drop of roughly 4.97% affected its trading range between $2.77 and $4.01. Price movements indicated downward pressure with intermittent rebounds and modest resistance shaping its path. The market has shown caution, marked by short-term corrections that have led to consolidations near established levels. This reflects a balance between losses and rebound opportunities, supported by recent market indicators that highlight shifts in trend over the past weeks and months. SUI currently trades between $2.77 and $4.01, with support at $2.29 and a secondary floor at $1.05. Resistance is noted at $4.77, with further resistance at $6.01. Technical indicators show a lingering bearish influence, as the Awesome Oscillator reads -0.345 and the Momentum Indicator stands at -0.307, indicating downward pressure from sellers. The RSI, at 42.79, highlights weak buying momentum. Bulls seem less active, and the market lacks a clear trend. Trading strategies should focus on the stability of key levels, considering positions near the lower support or rebounds near resistance, while closely monitoring market signals for potential shifts. Toncoin's Recent Roller-Coaster Journey Over the past month, Toncoin climbed steadily, gaining approximately 3.73%, signaling a recovery and renewed interest among traders. However, the last six months presented a different story, with a substantial drop of around 53.60%, which tested the confidence of many investors. This price behavior illustrates rapid fluctuations that have made traders more cautious, as they keep a close eye on developing trends in the market. The current price range is between $2.79 and $3.61, with key resistance levels at $4.06 and $4.88. Immediate support is found at $2.43, with a fallback level at $1.61. The 52.008 relative strength index and moderate momentum indicate a balance between buyers and sellers, with neither side holding a decisive advantage. A one-week change of 7.78% hints that bulls are attempting to initiate a move upwards. Traders might look to enter positions within this range, aiming for a break above the first resistance point while being cautious of a potential drop below key support levels. Conclusion The rise in on-chain activity points to a potential major rally in June. HYPE is drawing attention for its innovative features. SUI appears poised for strong performance due to its increasing user base. TON ’s recent updates make it a promising pick. Focusing on these altcoins could yield significant returns. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Congressman Brandon Gill (R-TX) is under scrutiny for allegedly improperly disclosing Bitcoin purchases of up to $500,000, according to a June 3 report from Open Secrets. Brandon Gill Under Fire for Bitcoin Disclosures According to the article , Gill made two different purchases of Bitcoin between $100,001 and $250,000 on January 29 and February 27. The report alleges that Gill failed to appropriately divulge both transactions until after a 45-day disclosure deadline required by the Stop Trading on Congressional Knowledge Act (STOCK), based on a periodic transaction report signed by the freshman politician on May 30. BREAKING: A US politician has disclosed large buys in bitcoin BEFORE the US announced its creation of a Bitcoin strategic reserve. Representative Brandon Gill bought up to $850,000 of Bitcoin on 01/29/2025, 02/27/2025, 05/13/2025, and 05/18/2025. He is on the Committee on… pic.twitter.com/AuuH0nHYeY — unusual_whales (@unusual_whales) June 2, 2025 Signed into law in 2012, the STOCK Act is intended to prevent members of Congress from committing insider trading. Gill’s first Bitcoin purchase this year was made less than one week after U.S. President Donald Trump issued an executive order establishing a working group on cryptocurrency in a bid “to establish regulatory clarity for digital financial technology.” On March 6, Trump announced the creation of a Strategic Bitcoin Reserve and digital asset stockpile in hopes of “positioning the United States as a leader among nations in government digital asset strategy.” Will Donald Trump’s Face Be on the $100 Bill? Gill has long touted his support for Trump, most recently introducing the Golden Age Act of 2025 in order to put Trump’s face on the $100 bill. “President Trump could be enjoying his golden years golfing and spending time with his family,” Gill said in a March 2025 statement. “Instead, he took a bullet for this country and is now working overtime to secure our border, fix our uneven trade relationship with the rest of the world, make America energy independent again, and put America first by ending useless foreign aid.” “There has been no one who has done more to bring America into the golden age than President Trump,” he added. “Featuring him on the $100 bill is a small way to honor all he will accomplish these next four years.” The post Texas Congressman Slammed for Delayed Bitcoin Disclosure of $500K Purchases appeared first on Cryptonews .
Pump.fun, the Solana-based token launch platform at the center of the memecoin craze, plans to hold a $1 billion token sale at a full valuation (FDV) of $4 billion. A total of three sources stated that the token sale will be open to both private and public investors. However, it is not yet clear when exactly the token will be released or whether it will be distributed through the Pump.fun platform. However, a post on the platform’s X (formerly Twitter) indicated that the token could arrive within the next two weeks. Related News: Expert Analyst Predicts When the Fed Will Cut Interest Rates - “It Will Be Bigger Than Expected” If the planned $4 billion valuation materializes, Pump.fun will become the crypto world’s latest “unicorn” startup, having dominated the memecoin market over the past year. Launching in early 2024, Pump.fun allows users to instantly create their own Solana-based tokens for free. The platform has quickly attracted the attention of crypto investors, generating more than $700 million in revenue to date. *This is not investment advice. Continue Reading: JUST IN: Important Development for Memecoins – New Token Arrives with a $4 Billion Valuation
Elon Musk’s Tesla is poised to increase its Bitcoin holdings amid concerns over the recent U.S. Congressional spending bill, signaling renewed institutional interest in cryptocurrency. Pro XRP lawyer John E.
TRUMP SIGNED ORDER RAISING STEEL, ALUMINUM TARIFFS TO 50%: WHAT
Pump.fun plans to sell 1 billion dollars worth of tokens at a 4 billion dollar FDV.