Author: John Smith
Spot gold smashed through $4,710 per ounce while silver jumped more than 6%, extending a months‑long precious‑metals rally that is now outpacing most risk assets and reopening the gold‑versus‑Bitcoin safe‑haven debate. Summary Spot gold broke above $4,710 per ounce on Wednesday, with intraday quotes around $4,709.08, a 3.38% gain on the session. Spot silver jumped to $77.46 per ounce, up 6.43% on the day, extending a months‑long surge in precious metals. The move comes as gold and silver repeatedly notch record or near‑record highs, outpacing most risk assets and reigniting the safe‑haven debate versus Bitcoin. Spot gold pushed through the…
IBM introduced new enterprise artificial intelligence tools on Tuesday aimed at helping organizations build and manage internal AI systems across hybrid cloud environments. Summary IBM introduced new AI tools to help businesses manage AI systems across hybrid cloud environments. The company launched Context Studio for building AI agents tied to enterprise data, while Process Studio is set to automate legacy operational workflows. IBM also expanded AI partnerships with SAP, AWS, Pearson, and Providence as competition in enterprise AI infrastructure continues to grow. According to a May 6 press release, IBM announced new additions to its IBM Enterprise Advantage and IBM…
Robert Kiyosaki has renewed his warning on retirement pressure in 2026, saying baby boomers may face fresh financial strain as traditional savings models weaken. Summary Kiyosaki warned baby boomers may face retirement stress as traditional savings models weaken in 2026. He named Bitcoin, Ether, gold and oil as preferred assets during inflation and debt pressure. Critics question Kiyosaki’s forecasts because past crash warnings and price targets have missed timing. The Rich Dad Poor Dad author said on X that he saw a coming “Baby Boomer Retirement Disaster” as early as 1974. He claimed that in 2026, millions of boomers could…
CME Group plans to launch Bitcoin Volatility futures on June 1, pending regulatory review. Summary CME’s new futures will track Bitcoin volatility, not whether BTC rises or falls in spot markets. The contracts will settle to BVX, CME’s index for 30-day expected Bitcoin price swings. The launch follows CME’s move toward 24/7 crypto derivatives trading for institutional market access. The product will let traders take positions on Bitcoin’s expected price swings without betting on whether Bitcoin rises or falls. The contracts will settle to the CME CF Bitcoin Volatility Index, known as BVX. The index measures 30-day forward-looking implied volatility…
Forward Industries and RockawayX have backed a $5 million funding round for OnRe, a startup building reinsurance infrastructure on the Solana blockchain. Summary Forward Industries and RockawayX have co-led a $5M funding round for OnRe to build reinsurance infrastructure on Solana. Forward Industries plans to invest up to $25M into a Solana-based yield token tied to the platform. OnRe is working to move risk transfer processes on-chain using tokenization and smart contracts to attract institutional capital. According to a statement from the companies, the two firms co-led the Series A round, with Forward Industries planning to commit up to $25…
Strategy executive chairman Michael Saylor said the company may sell part of its Bitcoin holdings to fund dividend payments. Summary Saylor said Strategy may sell Bitcoin to fund dividends after reporting a large first-quarter loss. Strategy holds 818,334 BTC, but preferred stock dividends are raising questions about future funding pressure. Recent Bitcoin gains remain central as investors watch whether MSTR can balance debt and dividends. The comment marked a clear shift from his long-running message that Strategy would keep buying Bitcoin and avoid selling. “We’ll probably sell some Bitcoin to fund a dividend, just to inoculate the market,” Saylor said…
GoMining’s GoBTC protocol promises instant authorization and on-chain Bitcoin settlement with a 0.2% merchant fee, positioning miner-run rails as a low-cost challenger to Visa and Mastercard. Summary Bitcoin mining company GoMining plans to launch GoBTC, a Bitcoin-native payments protocol built on top of its own block production, at the Consensus conference. GoBTC will offer instant authorization and settlement on the Bitcoin mainnet within a few hours, charging merchants a 0.2% fee — far below the roughly 1.5%–3.5% average for Visa and Mastercard. The company pitches the protocol as a direct challenge to incumbent card networks, using block space and mining…
A Fairshake poll finds 45% of Americans call crypto too risky as industry PACs deploy over $100 million into midterms. Summary A Public First poll conducted for Politico found 45% of Americans say investing in cryptocurrency is not worth the risk. The same poll found 44% say AI is developing too fast, and two-thirds want Congress to impose strict oversight on artificial intelligence. Pro-crypto PAC Fairshake and pro-AI PAC Leading the Future have together deployed over $100 million in 2026 midterm races. A Politico poll conducted by Public First in April 2026 found that 45% of Americans say investing in…
Wall Street executives warned at Consensus 2026 that legacy markets built for slower trading are breaking under 24/7 crypto pressure. Summary Top executives at Consensus 2026 in Miami warned that traditional financial infrastructure was designed for human-paced, scheduled trading. Round-the-clock, machine-driven crypto activity is creating growing friction with settlement systems built for fixed market hours. The pressure is accelerating institutional demand for tokenized settlement, real-time clearing, and upgraded market infrastructure. Wall Street executives gathering at Consensus 2026 in Miami on May 5 warned that traditional financial infrastructure was not built to absorb round-the-clock, machine-driven trading. As crypto markets operate continuously…
Anthropic venture with Blackstone and Goldman Sachs will deliver enterprise AI tools to private equity-backed companies. Summary Anthropic is finalising a $1.5 billion joint venture with Blackstone, Goldman Sachs, and Hellman and Friedman to serve private-equity-backed companies. The platform will deliver AI tools across finance, operations, customer service, and enterprise software to PE portfolio companies. The announcement arrived on the same day OpenAI launched a rival enterprise AI joint venture valued at $10 billion. Anthropic is close to finalising a $1.5 billion joint venture with Blackstone, Goldman Sachs, and Hellman and Friedman, targeting private-equity-backed companies as its primary deployment market.…