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In brief UK Financial Conduct Authority led multi-agency raids on eight London premises suspected of illegal P2P crypto trading. Officers issued cease-and-desist orders requiring immediate cessation of unauthorized trading activities. The evidence gathered will support ongoing criminal investigations into suspected money laundering operations, the agencies said. The UK’s Financial Conduct Authority said Wednesday that it conducted its first coordinated raids targeting illegal peer-to-peer crypto trading, hitting eight London premises alongside tax authorities and organized crime units.The Tuesday morning operation saw FCA officers issue cease-and-desist letters at each location, ordering traders to immediately halt unauthorized activities. The raids were conducted under…

In brief Google plans to spend up to $185 billion this year on AI and cloud infrastructure to power the “agentic era,” its CEO said. Sundar Pichai said nearly 75% of new code at Google is now AI-generated and approved by engineers. New deals with Citi, Thinking Machines, and a $750 million partner fund show Google’s plan to monetize agentic AI. Google is making one of its biggest-ever bets on artificial intelligence.Speaking Wednesday at the Google Cloud Next event in Las Vegas, CEO Sundar Pichai said the company plans to invest between $175 billion and $185 billion in capital expenditures…

In brief Google plans to spend up to $185 billion this year on AI and cloud infrastructure to power the “agentic era,” its CEO said. Sundar Pichai said nearly 75% of new code at Google is now AI-generated and approved by engineers. New deals with Citi, Thinking Machines, and a $750 million partner fund show Google’s plan to monetize agentic AI. Google is making one of its biggest-ever bets on artificial intelligence.Speaking Wednesday at the Google Cloud Next event in Las Vegas, CEO Sundar Pichai said the company plans to invest between $175 billion and $185 billion in capital expenditures…

In brief New York and Illinois banned government employees from using insider information to trade on prediction markets. The moves come as both states challenge prediction markets they say constitute illegal gambling platforms. Officials also criticized federal regulators for failing to police insider trading in the fast-growing sector. New York and Illinois became the latest states to ban government employees from using insider information on prediction markets this week, as the United States rushes to adapt to risks posed by the novel trading platforms.On Wednesday, New York Governor Kathy Hochul signed an executive order banning all state employees from using…

In brief Non-accredited investors can gain exposure to OpenAI, Anthropic, and xAI via AngelList’s new venture fund, USVC. The fund requires just a $500 minimum and is open to all U.S. investors. Data from the fund at the end of April notes investments in seven private firms, with the highest concentration belong to xAI. A new investment product called USVC is designed to disrupt venture capital norms and provide retail investors access to some of the most successful private companies—like OpenAI, Anthropic, and Elon Musk’s xAI—for as little as $500. The venture capital fund is offered by investment infrastructure firm AngelList,…

In brief Xiaomi unveiled MiMo-V2.5 and V2.5-Pro, combining text, image, audio, and video capabilities into a single multimodal AI model. The Pro version rivals top frontier models in coding and agentic benchmarks, while significantly improving token efficiency and cost. The new models mark Xiaomi’s rapid AI push, with open-source plans and aggressive iteration following strong adoption on platforms like OpenRouter. Xiaomi just launched a new AI model family. Again.A few weeks ago, the company dropped MiMo-V2-Pro—a trillion-parameter model that had been quietly circulating on OpenRouter under the alias “Hunter Alpha” before Xiaomi revealed its identity. It went from anonymous to…

In brief A top U.S. military official said the government runs a Bitcoin node to test cybersecurity uses of the network. Admiral Samuel Paparo said the military sees Bitcoin mainly as a tool to help secure networks. He also praised stablecoin legislation for helping ensure the global dominance of the U.S. dollar. A top military official told Congress Wednesday that the U.S. government currently runs a node on the Bitcoin network, to conduct tests related to network security.“We have a node on the Bitcoin network right now,” Admiral Samuel Paparo, commander of U.S. forces in the Pacific, told the House…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A compilation shared on X has brought together a string of bullish Bitcoin calls from banks, hedge fund managers, venture capitalists, and long-time crypto bulls, with estimates ranging from the low six figures all the way to $500,000. Bitcoin is currently trading around $78,000, with the cryptocurrency showing signs of more recoveries before the end of the month as bullish momentum is starting to creep back in. Industry Experts Set Their Targets Bitcoin has pushed back above $78,000 this week, Spot ETF flows have turned positive again,…

Make CryptoSlate preferred on Apple is heading into its biggest leadership transition in years, just as scrutiny is mounting over the security of its App Store and the rise of crypto theft on iPhones.On April 20, the company revealed that John Ternus, its senior vice president of hardware engineering, will succeed Tim Cook as chief executive officer by Sept. 1.Following Ternus’ ascension, Cook will be moving into the role of executive chairman.Ternus will be stepping into the new role with deep experience inside Apple’s product organization.Since joining the company, he has helped lead development across the iPad, AirPods, iPhone, and…

In brief OpenAI launched workspace agents for ChatGPT Business, Enterprise, Edu, and Teachers plans. The agents can run multi-step tasks in the cloud, integrate with apps, and work in Slack. The feature is free in research preview until May 6, when credit-based pricing begins. OpenAI is pushing ChatGPT beyond the chat box with the launch of “workspace agents,” a new feature that lets businesses automate recurring tasks even when employees are offline.Announced on Wednesday, OpenAI said in a post that, unlike the custom GPTs users have built in the past, workspace agents are powered by OpenAI’s Codex model and run…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Despite experiencing a notable decline of nearly 50% from its all-time high of $126,000, the demand and interest in Bitcoin on the institutional level have not yet lost their momentum. Even during multiple market drawdowns, a massive accumulation of BTC was still strongly observed among many large firms across the cryptocurrency and financial landscape. New Bitcoin Purchase Propels MicroStrategy A crucial shift is taking place in Bitcoin accumulation among large firms across the sector. In the Bitcoin institutional race, Strategy formerly known as MicroStrategy has become a…

Make CryptoSlate preferred on Top prediction market platforms, including Kalshi and Polymarket, are rushing to offer highly leveraged crypto derivatives at the exact moment state and federal authorities are clashing in court over whether the industry’s core products constitute illegal betting or legitimate financial instruments.Over the past year, these companies have gained national prominence by facilitating wagers on discrete, real-world occurrences, ranging from political races to macroeconomic data releases.Now, by preparing to list perpetual futures, which are complex contracts that never expire and allow traders to multiply their market exposure using borrowed funds, these platforms are blurring the line between…

In brief Non-accredited investors can gain exposure to OpenAI, Anthropic, and xAI via AngelList’s new venture fund, USVC. The fund requires just a $500 minimum and is open to all U.S. investors. Data from the fund at the end of April notes investments in seven private firms, with the highest concentration belong to xAI. A new investment product called USVC is designed to disrupt venture capital norms and provide retail investors access to some of the most successful private companies—like OpenAI, Anthropic, and Elon Musk’s xAI—for as little as $500. The venture capital fund is offered by investment infrastructure firm AngelList,…

A panel titled “Code Is Free Speech: Ending The War On Bitcoin” has been announced for Bitcoin 2026, bringing together three figures from law, government, and the Bitcoin industry. The panel features FBI Director Kash Patel, Deputy Attorney General Todd Blanche, and Coinbase Chief Legal Officer Paul Grewal. Kash Patel was confirmed as FBI Director by the Senate in February 2025 and has disclosed personal holdings in Bitcoin ETFs and Bitcoin miner Core Scientific. Deputy Attorney General Todd Blanche directed the Department of Justice to end targeting of crypto mixers in April 2025, signaling a shift in how the DOJ…

Make CryptoSlate preferred on Bitcoin is approaching a point where the market may have to choose between two very different outcomes. Traders are still paying to stay short, yet price, ETF flows, and market leadership are no longer behaving as if the market were stuck in a collapse.In a recent X post, Alphractal analysts argued that Bitcoin funding rates had reached their most negative level since 2023 and said its proprietary models were pointing to a possible local bottom.Using its ‘Market Capitulation Oscillator and Tactical Bull-Bear Sentiment Index’, they argued that it had dropped into the same extreme zone that…