ROAD TOWN, British Virgin Islands, May 18, 2026 /PRNewswire/ — AFX, a sovereign Layer 1 purpose-built for decentralized derivatives trading, has officially commenced the operation of its L1 Mainnet, signaling a definitive end to the era of trade execution compromised by general-purpose blockchain congestion. Engineered for the world’s most demanding participants, AFX introduces the Sovereign Trading Layer—a dedicated financial environment where the non-custodial transparency of a Perp DEX meets the uncompromising speed and depth traditionally reserved for institutional-grade centralized entities. At launch, the protocol supports a high-liquidity suite of perpetual markets across both digital and traditional macro assets, featuring BTC, ETH, Gold…
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Lawyers for Elon Musk and OpenAI made their closing arguments this week, and now it’s up to jurors to decide whether OpenAI did anything wrong as it’s transformed into a slightly-more-for-profit organization. But as Kirsten Korosec, Sean O’Kane, and I noted on the latest episode of TechCrunch’s Equity podcast, a big theme in the trial’s final days was whether OpenAI CEO Sam Altman is trustworthy — for example, Musk’s attorney Steve Molo grilled Altman about whether statements he’d made during congressional testimony were truthful. Kirsten noted that Musk has made plenty of misleading statements of his own, and that trust…
May 17, 2026 07:22 With MATIC trapped below all major moving averages and RSI at 38, bears control the narrative despite analyst calls for 18% upside. The $0.38 level becomes make-or-break for any meaningful recovery… The Immediate Setup MATIC is bleeding slowly at $0.38, down 0.29% in the past 24 hours with pathetic volume of just $1.07 million on Binance spot. This isn’t capitulation – it’s apathy. The token sits firmly below every meaningful moving average, with the 20 SMA at $0.43 acting as immediate overhead resistance. With RSI hovering at 38 and MACD histogram flatlining at essentially zero, momentum…
If the ETHBTC pair breaks out of the key descending triangle structure, pressure will increase on Ethereum. The poor performance against Bitcoin suggests that bearish momentum may still be in control of the market, and Ethereum could fall even further unless the bulls regain significant resistance levels soon. Pressure on Ethereum continues as ETHBTC trendline rejects Crypto analyst Aldi recently noted that Ethereum continues to face weakness against Bitcoin as ETHBTC continues to reject the major downtrend line. This repeated rejection from the structure increases the likelihood of Ethereum hitting new cycle lows versus the USD if broader market conditions…
The most significant piece of crypto market structure legislation in years nearly died on the table before a handful of senators pulled it back from the brink. The CLARITY Act, formally the Digital Asset Market Clarity Act, squeaked through the Senate Banking Committee on May 14 with a 15-9 vote, surviving only because of a last-minute bipartisan compromise that included seven amendments crafted to keep wavering members from walking away. Two Democrats crossed the aisle to join Republicans in advancing the bill. Seven amendments, one very fragile coalition The compromise that saved the bill involved seven amendments adopted during the…
The vibes around the current AI boom aren’t great, even in the tech industry, according to a lengthy social media post from Menlo Ventures partner Deedy Das. Das described San Francisco as “pretty frenetic right now,” as “the divide in outcomes is the worst I’ve ever seen.” Using a “back of the envelope AI calculation,” he projected that there are around 10,000 people — founders and employees at companies like OpenAI, Anthropic, and Nvidia — that have “hit retirement wealth of well above $20M,” while everyone else worries “they can work their well-paying (but <$500k) job for their whole life and…
Terrill Dicki May 16, 2026 02:07 The US CLARITY Act advances in the Senate, sparking bullish sentiment for Bitcoin (BTC), now trading above $79,000. Analysts weigh in on the implications. Bitcoin (BTC) surged past $79,000 this week as optimism around the Digital Asset Market CLARITY Act triggered a wave of bullish sentiment across the crypto industry. The bill, which aims to establish a clear regulatory framework for digital assets in the United States, advanced out of the Senate Banking Committee on May 14 with a 15–9 bipartisan vote. According to data from CoinMarketCap, Bitcoin is trading at $79,135 as of…
,XRP is struggling to regain the $1.50 level as the market prepares for a move that both participants in the trade perceive as decisive. Prices Close, But Not Through A report from Arab Chain, which tracks derivatives activity on Binance, identified developments in leverage data that change the risk profile of any move that comes next. Related books The estimated leverage ratio for XRP on Binance has increased to around 0.179, the highest in nearly two months, which coincides with XRP trading around $1.48. In terms of timing, leverage spikes at the exact moment the price is about to break…
Key TakeawaysUSTC launched Jiuzhang 4.0, manipulating 3,050 photons to reach 92% source efficiency in quantum computing.Lu says Jiuzhang 4.0 processes data in 25 microseconds, disrupting the industry’s classic supercomputers.Bitcoin developers must address this rising quantum threat, weighing fixes like BIP-360 to secure data. China’s Jiuzhang 4.0 Photonic Quantum Computer Breaks Records China has cemented its leadership in the quantum computing world with Jiuzhang 4.0, the latest iteration of the nation’s take on quantum computing that leverages photons to make advanced calculations. According to Nature, Jiuzhang 4.0 achieved a breakthrough in the sector, increasing the number of photons manipulated to 3,050,…
NASA is developing a powerful new computer chip designed to dramatically increase the intelligence and performance of future spacecraft. Through a commercial partnership, the project is creating advanced processing technology capable of helping spacecraft operate more independently during missions far from Earth. NASA’s High Performance Spaceflight Computing project is focused on boosting the computing capabilities of spacecraft used in space exploration. Current missions rely on older processors because they are durable enough to survive the extreme conditions of space. While those chips are dependable, they lack the performance needed for more advanced missions. The agency says newer and far more…