Kraken trims workforce as AI adoption grows across crypto sector

The chief executive of the largest bank in the US warns that markets are flashing froth while trading at all-time high levels. In a new Bloomberg interview, Jamie Dimon says he’s seeing signs of excess in the markets. He also notes that investors appear to be taking more risks, despite ongoing geopolitical tensions in Europe […] The post JPMorgan’s Jamie Dimon Warns of ‘Too Much’ Market Exuberance, Names Complex Issues That Could Affect Equities appeared first on The Daily Hodl.

Apple is preparing a significant overhaul of Siri for its Worldwide Developers Conference in June, with privacy positioned as its primary differentiator in an increasingly crowded AI assistant market, according to reports from Bloomberg’s Mark Gurman. The revamp will include Apple’s first standalone Siri app, powered by Google Gemini, offering a conversational chatbot experience comparable […]

Kraken has cut 150 staff due to the rising use of AI, adding to more than 5,000 layoffs across the crypto sector so far this year, Bloomberg reports.

Ethereum price started a fresh decline and traded below $2,050. ETH is now consolidating below $2,150 and might struggle to recover. Ethereum started a downside extension below the $2,150 zone. The price is trading below $2,150 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with support at $2,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,150 zone. Ethereum Price Extends Losses Ethereum price failed to remain stable above $2,220 and started a downside correction, like Bitcoin. ETH price dipped below the $2,200 and $2,150 levels. The price even traded below $2,050. A low was formed at $1,914 on Kraken, and the price is now consolidating losses. There was a recovery wave above the 50% Fib retracement level of the downward move from the $2,197 swing high to the $1,914 low. Ethereum price is now trading below $2,150 and the 100-hourly Simple Moving Average. Besides, there is a conn

Bitcoin price started a fresh decline below the $78,500 zone. BTC is consolidating and might struggle to stay above the $76,500 support. Bitcoin failed to stay above $78,500 and extended losses. The price is trading below $78,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $77,700 and $78,500 levels. Bitcoin Price Dips Further Bitcoin price failed to stay above the $78,500 support zone. BTC remained in a bearish zone and extended losses below the $78,000 level. There was a move below the $77,500 level. The price even dipped below $77,000. A low was formed at $76,561 and the price is now consolidating losses. It is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $82,017 swing high to the $76,561 low. Bitcoin is now trading below $77,500 and the 100 hourly simple moving

Online Blockchain CEO Clem Chambers believes U.S. markets have entered the early phase of a two-year Nasdaq bubble driven by artificial intelligence (AI) infrastructure spending, deficit-funded money printing, and industrial reindustrialization. Clem Chambers Calls 2-Year Nasdaq Bubble as AI Spending and U.S. Deficits Drive Rally Chambers spoke with Kitco News anchor Jeremy Szafron this week […]

Apple is hoping that its record on privacy can be the differentiator on the AI front, and maybe even buy it a little slack as it continues to lag behind the competition. According to Bloomberg's Mark Gurman, the more chatbot-like Siri set to debut in iOS 27 will include the option to autodelete chat histories. Users will be able to save conversations for 30 days, one year, or forever. That's in stark contrast to the other major players in the space that generally only offer temporary incognito chats, if that. It appears Apple is betting that people are willing to give up some convenience in the name of greater privacy, as anxiety around AI … Read the full story at The Verge.

It's tough to get graduating students excited about a future shaped by artificial intelligence.