XRP Down 4% as Global Economic Tensions Trigger Market Selloff

Nobel-winning economist Paul Krugman just threw shade at stablecoins, calling them pointless in a recent blog post titled "Digital Corruption Takes Over DC." He argues they’re not practical for everyday spending and lack clear utility. But not everyone agrees—CoinMetrics’ co-founder pushed back, hinting at a bigger debate brewing between traditional finance minds and crypto advocates.

Editor’s Note: This isn’t just academic bickering—it’s a clash of ideologies. Krugman’s critique reflects skepticism from old-guard economists about crypto’s real-world value, while the pushback shows how passionate the crypto community is about proving its worth. For everyday folks, it’s a reminder that even experts can’t agree on whether stablecoins are the future or just a high-tech fad.

A major scandal has erupted in the Czech Republic after allegations surfaced that the government may have unknowingly laundered millions through Bitcoin donations. The controversy centers on whether state institutions accepted and processed crypto funds linked to illicit activities without proper oversight, raising serious questions about financial transparency and regulatory gaps in handling digital currencies.

Editor’s Note: This isn’t just another crypto hiccup—it’s a wake-up call for governments still figuring out how to police digital money. If a state can accidentally become a middleman for dirty Bitcoin, it exposes how easily well-meaning systems can be exploited. For crypto skeptics, it’s fuel for tighter rules; for advocates, it’s proof that clearer frameworks are overdue. Either way, expect this to spark heated debates far beyond the Czech border.

Ethereum's price has been stuck below $2,800 lately after a strong May, but traders are eyeing a potential breakout. If history repeats itself—like when ETH surged 80% in a similar scenario—June could bring a rally toward the $3,000 mark.

Editor’s Note: For crypto investors, Ethereum's current stagnation isn't just a lull—it could be the calm before a storm. Past patterns suggest big moves might be coming, and hitting $3,000 would be a psychological win for the market. Whether you're holding ETH or just watching, this is a key moment to keep an eye on.

Samsung is close to finalizing a major deal with AI startup Perplexity, which would include both an investment and integrating Perplexity’s search tech into Samsung’s devices. Think of it as Samsung doubling down on AI to make its phones, tablets, and other gadgets smarter—potentially giving users a more intuitive way to search without relying on traditional engines like Google.

Editor’s Note: This isn’t just another tech collaboration—it’s a sign that Samsung wants to carve out its own AI identity rather than play second fiddle to giants like Google or Apple. For users, it could mean faster, more conversational search built right into their devices. For the industry, it’s another ripple in the AI wars, showing how hardware makers are scrambling to lock down exclusive AI features.

Bitcoin’s mining power is inching closer to a massive milestone, hitting 943 exahashes per second (EH/s) and still rising. That means miners are throwing more computational muscle than ever into securing the network and minting new BTC. If this keeps up, we could soon see the first-ever zettahash (1,000 EH/s) threshold—a huge symbolic and technical leap for the world’s biggest cryptocurrency.

Editor’s Note: Mining power isn’t just a nerdy metric—it’s a barometer of Bitcoin’s health and security. More hashing power means the network is harder to attack, and miners are betting big on Bitcoin’s future despite energy costs and regulatory noise. Hitting zettahash territory would be a flex, showing Bitcoin’s infrastructure is growing even when prices are volatile. For hodlers, it’s a reassuring sign; for skeptics, proof the machine won’t stop.