Tech Telegraph

Markets reacted sharply after Trump called for 50% tariffs on Europe, sending Bitcoin and equities tumbling. In today’s crypto news, Bitcoin’s record-breaking rally hit a wall Thursday as President Trump reignited trade war fears with a threat to slap the European Union with a 50% tariff. The market didn’t take it well. “Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025,” said Trump.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A high-stakes wager has landed a crypto trader in the headlines. He’s known online as James Wynn, and he’s placed almost $1 billion on Bitcoin rising further. He started piling into a bullish position last week and hasn’t said when he plans to exit. Table of Contents Toggle Bitcoin Bets Hit Billion Dollar Mark According to Wynn’s posts on X, his position reached about $1 billion on May 21.

According to a new research from 10x Research, Bitcoin and MicroStrategy have entered a rare period of calm, with both assets exhibiting the lowest volatility in over a year. Bitcoin’s 30-day realized volatility has dropped to 37, while MicroStrategy’s volatility has decreased to 60 from its high of 168 just a few weeks ago. MicroStrategy has now been rebranded as Strategy. The market’s coordinated reduction in price swings shows that it is settling.

What was setting up to be a somewhat sleepy session ahead of the holiday weekend is no more as President Trump woke up and chose to reignite what had been cooling trade tensions. “The European Union … has been very difficult to deal with,” said the president in a Truth Social posting. “Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% tariff on the EU, starting on June 1.” The leader of the free world also took aim at Apple (AAPL) and its CEO Tim Cook.

Researchers have discovered a “universal jailbreak” for AI chatbots The jailbreak can trick major chatbots into helping commit crimes or other unethical activity Some AI models are now being deliberately designed without ethical constraints, even as calls grow for stronger oversight I’ve enjoyed testing the boundaries of ChatGPT and other AI chatbots, but while I once was able to get a recipe for napalm by asking for it in the form of a nursery rhyme, it’s been a long time since I’ve been...

President Donald Trump proposes a 50% tariff on the European Union, citing little progress in trade discussions. Trump also threatened Apple with a 25% tariff if the company refuses to manufacture its phones in the US. Bitcoin drops below $110,000 as the crypto market retreats following Trump’s fresh tariff threats.

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On today’s episode of CNBC Crypto World, bitcoin falls after President Donald Trump said he is “recommending a straight 50% Tariff on the European Union” amid stalled trade negotiations. Plus, the president hosted a dinner for top holders of his meme coin as some Democrats raised ethics concerns. And, Kevin Lehtiniitty of Borderless.xyz reacts to the Senate advancing the GENIUS Act stablecoin regulation bill this week. Source link

Despite Bitcoin (BTC) reaching a new all-time high at $111,965.80 on May 22, retail adoption and on-chain gauges indicate speculative leverage has not stretched market conditions. VanEck head of digital assets research Matt Sigel shared App-store data compiled by Bloomberg Intelligence, showing crypto-platform downloads fell 14% year-over-year in April. Binance and Crypto.com downloads dropped 29% and 41%, respectively, with Coinbase off 16%.

Electronic Arts’ (EA) and DICE’s 2017 multiplayer shooter Star Wars Battlefront 2 may be eight years old at this point (blast, I feel old), but that hasn’t stopped the game from making a massive comeback in recent weeks with thousands of players flocking to the game even though content updates for it stopped in 2020. Coming off of May the 4th celebrations and the critically acclaimed Season 2 of Andor, hype for Star Wars and the Battlefront series itself is infectious right now.