🧠 AI’s Crypto News Brief:
Ukraine eyes a national BTC reserve, while NFT fraud claims hit Hashling’s founder.
BTC treasury stocks draw Schiff’s ire.
CoreWeave’s AI boom can't offset losses. Dogecoin, ADA, and SOL dip post-rally; Multichain gets liquidation order.
📈 NFT founder stole millions from Bitcoin project, investors allege
Several investors in a non-fungible token (NFT) project, Hashling NFT, have accused its founder of misappropriating millions of dollars in profits from the project and a closely tied Bitcoin mining operation.According to the May 14 court filing in Illinois, the plaintiffs allege that their former business partner, Jonathan Mills, lied about transferring assets from Hashling NFT and at least $3 million from the Bitcoin mining project to a holding company — Satoshi Labs LLC (formerly known as Proof of Work Labs LLC), which Mills is the founder and CEO of. Explore more
🤖 Ukraine Set to Launch National Bitcoin Reserve
Ukraine is preparing to create a national Bitcoin reserve. MP Yaroslav Zheleznyak announced that a draft bill is being developed and will be submitted soon. Find out more
📈 Peter Schiff says buying Bitcoin treasury stocks is even worse than buying Bitcoin
The rise of Bitcoin treasury stocks highlights a growing trend of financial innovation, but also raises concerns about market volatility and sustainability. The post Peter Schiff says buying Bitcoin treasury stocks is even worse than buying Bitcoin appeared first on Crypto Briefing. Explore more
🤖 CoreWeave Revenue Soars on AI Demand, But Heavy Spending Hits Profit
CoreWeave's Q1 revenue surged fivefold to $981M, but widening losses and $23B in projected spending raise concerns over profitability. Find out more
📰 Sonic Labs wins judgment for Multichain Foundation to wind up
A Singapore High Court has ruled in favor of Sonic Labs’ motion to force the Multichain Foundation to wind up in an effort to recover funds stolen during a 2023 hack.In the May 9 judgment in the Singapore Supreme Court, Justice Kwek Mean Luck granted a request from Sonic Labs, formerly the Fantom Foundation, to declare Multichain bankrupt and appoint liquidators from global audit, tax and advisory service KPMG. Learn more
📈 Bitcoin Exchange Stablecoins Ratio Surges—A Warning For Investors?
On-chain data shows the ‘Exchange Stablecoins Ratio’ for Bitcoin has shot up recently. Here’s what it could mean for the asset’s price. Find out more
🐕 Dogecoin, Cardano and Solana Slump as Crypto Majors See Profit-Taking After Week-Long Rally
Major tokens slip as traders lock in gains following macro-fueled surge, with market focus shifting to upcoming events. Learn more
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