LayerZero exploit triggers $292M loss, Kelp DAO and Solv Protocol flee to Chainlink
A LayerZero exploit caused $292 million in losses for Kelp DAO, which plans to switch to Chainlink. Solv Protocol is also migrating to Chainlink CCIP, citing security concerns.
Goldman Sachs sees first Fed rate cut delayed to late 2026
Goldman Sachs pushed back its forecast for the next two Fed rate cuts to December 2026 and March 2027, citing sticky inflation above the 2% target. The hawkish outlook pressures crypto markets as rate cut hopes fade.
Fed Rate Cuts Delayed to 2027 as 115K Jobs Add to Inflation Concerns
Bank of America now expects the Federal Reserve to delay rate cuts until the second half of 2027, citing strong inflation and resilient job growth. April's 115,000 payrolls reinforce the cautious stance.
Cerebras IPO price surges to $150-$160, oversubscribed 20x
Cerebras Systems raises its IPO price range to $150-$160 per share, up from $115-$125, as demand for AI inference chips soars. The offering is oversubscribed more than 20 times.
Cerebras IPO price raised to $150-$160 as demand surges 20x
Cerebras Systems ups its IPO price range to $150-$160 per share and increases shares to 30 million, driven by strong demand. The AI chipmaker also counts Amazon and OpenAI as customers after clearing CFIUS review.
Cerebras IPO price surges to $150-$160 as AI inference demand spikes
Cerebras raises IPO range to $150-$160 per share, up from $115-$125, with orders 20x oversubscribed. The shift to AI inference drives demand for its chips, backed by Amazon and OpenAI.
AI Memory Supercycle: SK Hynix, Samsung Race to Meet Demand
Memory chip makers are in a supercycle driven by AI demand for high-bandwidth memory. SK Hynix fields investment offers, while Samsung accelerates fab construction by six months.
AI Memory Supercycle: SK Hynix, Micron, Samsung See Windfall Gains
Memory chip makers anticipate a supercycle driven by AI demand, with SK Hynix fielding investment offers from big tech and Samsung accelerating mega-fab construction. The Roundhill Memory ETF surged over 30% in a week.
Aave battles North Korea creditors over $71M frozen ETH on Arbitrum
Aave is in a legal fight with North Korea terrorism creditors over ~$71M in ETH frozen on Arbitrum, while Kelp DAO blames LayerZero for a $292M exploit and plans to migrate to Chainlink CCIP.
SEC's Atkins signals new rules for onchain markets, AI finance
SEC Chair Paul Atkins outlines a regulatory vision for crypto, including innovation exemptions and taxonomy, as Bitcoin volatility persists above $80,000.
Nvidia invests $2.1B in IREN; Akamai secures $1.8B AI deal
Nvidia will invest $2.1 billion in IREN to deploy up to five gigawatts of AI infrastructure. Akamai surged 20% after a $1.8 billion commitment from a frontier model provider.
Micron surges 35% in a week as memory chip shortage fuels AI boom
Micron shares jumped 35% in a week, pushing its market cap above $820 billion, as demand for DRAM and NAND memory chips surges amid the AI buildout. AMD and Intel also rallied 24% each.
Fed Unlikely to Cut Rates Until 2027, Bank of America Says
Bank of America predicts the Federal Reserve will delay rate cuts until the second half of 2027 due to strong inflation and resilient job growth, with April's 115,000 payrolls increase reinforcing a stable labor market.
Fed Holds Rates at 3.5%-3.75%; Hammack Dissents on Cut Signal
The Federal Reserve kept its benchmark rate steady at 3.5%-3.75% for the third straight meeting. Cleveland Fed President Beth Hammack dissented on language suggesting the next move is a cut, signaling division over infla
DeepSeek raises $7B, Akamai jumps 20% on $1.8B AI deal
DeepSeek is raising over $7 billion, while Akamai surged 20% after a frontier model provider committed $1.8 billion. IREN and Nvidia signed a $2.1 billion deal for up to 5 GW of AI infrastructure.
Coinbase's $394M Loss Casts Shadow Over Consensus 2026
Coinbase reported a $394M Q1 loss despite $1.4B revenue, overshadowing Consensus 2026's focus on tokenized commodities and prediction markets.
Bank of America pushes rate cut forecast to 2027, sees no cuts until then
Bank of America now expects the Fed to delay rate cuts until the second half of 2027, citing persistent inflation and a strong labor market. The shift comes as market bets on cuts extend to 2031.
Anthropic's Mythos AI finds thousands of zero-day flaws; DeepSeek raises $7B
Anthropic's Mythos model discovered thousands of zero-day vulnerabilities, which existing AI models can replicate. Meanwhile, DeepSeek is raising over $7 billion, signaling a major AI investment boom.
Perplexity's Personal Computer Now Available on Mac
Perplexity's AI-powered Personal Computer is now available to all Mac users, expanding access to its intelligent desktop assistant.
O'Leary: 97% crypto market in BTC/ETH, regulation needed for tokenization
Kevin O'Leary says 97% of crypto market value is in bitcoin and ether, and tokenization will stay off-limits to institutions without clear U.S. rules. Meanwhile, Bittrex fights to reclaim its $24M SEC settlement amid shi
Nvidia faces 60-70% growth vs 18x EBITDA as AMD, Amazon chips loom
Nvidia's forward EV/EBITDA of 18.23 contrasts with projected 60-70% growth, while AMD and Amazon's in-house chips intensify competition. Goldman Sachs maintains a buy rating with a $250 target.
Fed Holds Rates at 3.5%-3.75%; CD Yields Rise to 3.71%
The Fed kept rates steady at 3.5%-3.75% in April 2026, with inflation at 3.3%. CD yields on maturities of one year or less rose 6 bps to 3.71%, as banks compete for deposits.
Fed's Hammack signals prolonged rate pause; CD yields rise 6 bps to 3.71%
Cleveland Fed President Beth Hammack expects rates on hold for an extended period amid geopolitical uncertainty. Meanwhile, CD rates rose 6 basis points to 3.71% as banks compete for deposits.
Fed's Hammack dissents as rates held at 3.5%-3.75% amid Iran uncertainty
Federal Reserve Bank of Cleveland President Beth Hammack dissented over language signaling a future rate cut, expecting rates on hold for 'quite some time' as inflation exceeds 2% target for over five years.