CoinDesk - 2026-06-02
10 items collected.
1. Bitcoin’s compute power dwarfs top 100 supercomputers by 600k times, says Bittensor co-founder
Author: Olivier Acuna
Published: 6/2/2026, 11:25:44 PM
Categories: Tech, Bitcoin News, News
Ala Shaabana explains how using Bitcoin network’s coordinate-and-reward playbook can bust open corporate monopolies on AI.
2. UK House of Lords committee calls on Bank of England to reconsider proposed stablecoin restrictions
Author: Jamie Crawley
Published: 6/2/2026, 11:01:00 PM
Categories: Policy, UK, Stablecoins, News
The Bank of England proposed limits of 20,000 pounds per coin for individuals and 10 million pounds for businesses.
3. U.S. sanctions Iranian crypto exchanges in ongoing war against the country
Author: Nikhilesh De
Published: 6/2/2026, 9:49:30 PM
Categories: Policy, News
OFAC said it was blacklisting Nobitex and three other Iranian exchanges, as well as a few executives, citing links to terror and other crimes.
4. Coinbase backs Ethena ahead of savings product launch for exchange's 100 million users
Author: Krisztian Sandor
Published: 6/2/2026, 8:09:53 PM
Categories: Finance, Coinbase, Stablecoins, DeFi, News
Coinbase Ventures, the exchange's venture arm, bought Ethena tokens on the open market as the protocol is set to roll out a Coinbase integration next week.
5. Galaxy enters institutional prediction markets with $10 million Arca trade
Author: Helene Braun,AI Boost
Published: 6/2/2026, 7:17:12 PM
Categories: Markets, Galaxy Digital, Prediction Markets, News
The digital asset firm launched OTC prediction markets trading for institutions and completed a $10 million trade tied to U.S. crypto legislation with hedge fund Arca.
6. Tom Lee predicts ether will hit $250,000 as corporate validators take over network control
Author: Olivier Acuna
Published: 6/2/2026, 6:42:40 PM
Categories: Markets, Ethereum News, News
The Bitmine chairman said DeFi and AI could push the Ethereum network's value into the multi-trillion range, making current prices “future optionality at a discount”.
7. Bitcoin set for 'choppy summer' as capital chases high-flying AI stocks, K33 says
Author: Krisztian Sandor
Published: 6/2/2026, 6:42:37 PM
Categories: Markets, Bitcoin News, News
The firm still views bitcoin as undervalued relative to equities, but says investors are rotating into AI stocks as the opportunity cost of missing gains by holding BTC is too high.
8. Bitcoin faces an 'identity crisis' and DeFi devs need to stop acting like tech bros
Author: Olivier Acuna
Published: 6/2/2026, 4:15:58 PM
Categories: Finance, DeFi, Bitcoin News, News
Solstice Labs CEO Ben Nadareski says developers must act like financial managers to win back institutional trust amid ongoing security exploits.
9. Hyperliquid predicted 80% of oil move before traditional exchanges opened, says expert report
Author: Helene Braun
Published: 6/2/2026, 4:02:08 PM
Categories: Markets, Hyperliquid, News
TD Securities says "perpetual futures" are exploding beyond crypto as platforms like Hyperliquid outpace traditional Wall Street exchanges on everything from pre-IPO tech stocks to weekend oil trading.
10. Here's how one decentralized cloud provider says private citizens can make money from AI
Author: Olivier Acuna
Published: 6/2/2026, 3:36:36 PM
Categories: Tech, Artificial Intelligence, Cloud Mining, News
Titan Network says its crowdsourced computing network has signed tech giants like Tencent and Alibaba as clients, saving them as much 75% on AI costs.