I was really interested to see Mark Carney, along with AI Minister Evan Solomon, announce their new ‘AI for All’ plan in Toronto. It got me thinking, because just a few days before that, I read a report from Berkeley showing how AI is already changing things in education – apparently, students are failing at different rates now because of how AI is being used. It feels like AI is impacting everything, not just crypto, and it’s happening fast.
Key Takeaways:
As of June 4th, the token was trading at $0.1862, a drop of over 20% in just one week. This puts it at a six-year low, significantly down from its peak of $3.09 in September 2021. While this price decrease is concerning, it’s not the biggest issue Cardano has faced recently. The past two months have brought even more damaging developments.
Coinbase CEO Brian Armstrong has fired back at JPMorgan Chase CEO Jamie Dimon, calling his recent statements “disappointing.”
Armstrong, with a sigh that could curdle milk, lamented Dimon’s accusation that he was “full of shit,” a phrase as elegant as a bull in a china shop. “Kind of sad,” he murmured, his voice dripping with the honeyed condescension of a man who has mastered the art of the backhanded compliment. “I have a lot of respect for Jamie Dimon,” he added, though one wonders if this respect is as genuine as a three-dollar bill. While their disagreement on the crypto bill is as wide as the Grand Canyon, Armstrong assures us that his personal esteem for the banker remains unblemished-a sentiment as convincing as a politician’s promise.
The Information spilled the tea: Apple’s routing Siri requests through Google’s Nvidia-powered setup after their own Private Cloud Compute system flopped harder than a pancake without syrup. Apparently, running a Gemini model on PCC was like trying to stream 4K video on dial-up. Yikes.
Chainalysis reports that sales of peptides, often purchased for uses not officially approved, are now exceeding $100 million per year. This growth is driven by increasing interest in online wellness and a desire for more affordable products, leading people to buy from suppliers outside the country. The company, which analyzes blockchain data, noted that sales reached $32 million in the first quarter of 2026 – a significant jump of 159% from $12 million in the previous quarter.
This loss is happening as the overall market is falling, with Bitcoin dropping to around $61,000 today. Bitcoin is now about 28% lower than it was at the beginning of the year, reaching its lowest point since February.
Coinbase worked with Better Mortgage to complete the transaction. Better Mortgage handled the loan itself, while Coinbase provided the technology to safely hold the borrower’s Bitcoin.
Michael Saylor, Executive Chairman of Strategy, noted on X (formerly Twitter) that over the last six months, around $400 billion has been invested in infrastructure for artificial intelligence. In contrast, Bitcoin ETFs have seen about $4 billion withdrawn since May 14th. While these withdrawals are putting downward pressure on Bitcoin’s price, Saylor believes this is simply a shift in investment focus, not a sign of Bitcoin losing value.
