Author: NBTC

Elon Musk’s xAI and SpaceX have been sued by a former engineer who alleges he was fired after raising safety concerns about Grok ahead of SpaceX’s planned IPO. According to a complaint filed in California’s Santa Clara County Superior Court, former xAI employee Devin Kim alleges that he pushed for stronger testing procedures and additional safeguards to reduce the risk of harmful outputs from Grok. The lawsuit claims the chatbot lacked adequate protections against misinformation, bias, and other potentially damaging responses. Kim’s legal team argues that the case extends beyond a workplace dispute. In a statement included in the filing,…

Kakao Pay, the fintech arm of South Korea’s leading messaging giant Kakao, has reportedly initiated exploratory discussions with several major commercial banks to form a consortium for a won-pegged stablecoin, according to a report from the Seoul Economic Daily. The move signals a significant step toward institutional involvement in the country’s evolving digital currency landscape. Banks Reportedly Engaged in Early-Stage Talks According to the report, which cites a high-level industry official familiar with the matter, Kakao Pay has already approached BNK Financial Group and JB Financial Group as potential consortium partners. The official stated that Kakao had prepared a meeting…

It’s been reported that Amazon CEO Andy Jassy alerted senior Trump administration officials to security findings from his company’s internal research team, setting off a chain of events that ended with the U.S. Commerce Department ordering Anthropic to shut down its two most advanced artificial intelligence (AI) models for every customer on the planet. Key Takeaways: Amazon CEO Andy Jassy reportedly flagged Fable 5 jailbreak findings to Trump officials on June 12, triggering a global shutdown. Polymarket traders price a 71% chance that Anthropic restores Fable 5 access by July 1, 2026. Anthropic called the Commerce Department directive a “misunderstanding,”…

Crypto News A dollar-pegged stablecoin called Main Street USD lost its peg on Saturday, collapsing roughly 71% in 24 hours after its verification provider, Accountable, abruptly terminated their service agreement. The token, which had traded near $1 for months, now changes hands around $0.29, cutting its market value to about $30.5 million. Accountable said Main Street could not meet its verification standards and severed the relationship effective immediately. With the data feed switched off, the protocol’s public reserves dashboard no longer confirms any collateral backing the token. The episode underscores how quickly confidence evaporates when third-party proof-of-reserves attestations disappear from…

Bipartisan U.S. lawmakers have introduced legislation to establish a cross-agency federal body dedicated to investigating cryptocurrency fraud and hacking. The proposed force would be led by the attorney general and staffed across the DOJ, FBI, DHS, and Treasury. The aim of this group is to give a method of reporting losses for victims who are currently without a clear path to do so. How bad are the crypto losses in the U.S.? Official government data confirms that Americans lost more than $11 billion to cryptocurrency fraud in 2025 alone. The FBI’s 2025 Internet Crime Report shows that there were 181,565…

Major crypto exchange Binance is set to delist selected $USDC trading pairs from its margin platform in June. According to the latest announcement, Binance Margin will delist four margin trading pairs on June 19 at 06:00 (UTC). This action affects cross margin pairs of relatively lesser-known cryptocurrencies, including Civic (CVC), Rocket Pool (RPL), XAI (XAI) and Ravencoin ($RVN). The cross margin pairs affected include CVC/$USDC, RPL/$USDC, $RVN/$USDC and XAI/$USDC.The exact reason for the impending removal of these crypto pairs from the Binance Margin platform was not stated in the announcement, with Binance only outlining the delisting process. Binance Margin will…

The US-Iran conflict has yet to reach an agreement to end the war. This indicates that tensions persist, while the leading cryptocurrency Bitcoin ($BTC) continues its strong performance above $80,000. Analyses also indicate that Bitcoin surpassing and remaining above the $80,000 level signals an improvement in the market structure. Bitfinex analysts stated in their weekly report that Bitcoin surged by approximately 12% last April, recording its strongest monthly return in the past year. Analysts said the factors driving this rise were not increased leverage in derivatives markets, but rather spot purchases, ETF inflows, and accumulation by long-term investors. “Bitcoin has…

The Trump administration’s decision to cut foreign access to Anthropic’s most powerful AI models was reportedly triggered by calls from Amazon CEO Andy Jassy. According to a report from The Wall Street Journal, Jassy contacted senior government officials on Thursday after Amazon researchers discovered a way to prompt Anthropic’s Fable 5 model into returning information that could be used for cyberattacks. The call, along with warnings from at least five other firms, led to a frantic shuffle within the White House to gauge the threat and contact Anthropic CEO Dario Amodei, who reportedly pushed back on the administration’s concerns and…

Earlier today, Messari shared an update on Mantle’s progress in Q1 2026, highlighting its development as a distribution layer for on-chain finance. The update focuses on various product launches that include RWAs, DeFi solutions, stablecoins, and AI agents, all anchored by the CeDeFi model in collaboration with Bybit. This information is crucial for understanding Mantle’s direction in a rapidly evolving market. What Went Down The broader crypto market currently displays mixed signals, reflecting varied momentum across key assets. In this context, Mantle’s Q1 2026 update is particularly significant as it showcases the project’s commitment to enhancing its infrastructure for on-chain…

The Trump administration has convened roughly 20 lawmakers, congressional staff members, and law enforcement representatives at the White House as Senate leaders work toward a possible floor vote on the CLARITY Act before the August recess. According to journalist Eleanor Terrett, the meeting took place on Wednesday at the Eisenhower Executive Office Building and was hosted by Trump crypto adviser Patrick Witt alongside the White House Crypto Council. 🚨NEW: Some color on Wednesday’s meeting between law enforcement groups, administration officials and Congressional members and staff on the Clarity Act:📌 The meeting was hosted by @patrickjwitt and the White House Crypto…