Author: GT

Bitcoin, Ethereum, and other cryptocurrencies surged after the latest U.S. inflation data showed a smaller-than-expected rise. The Consumer Price Index (CPI) for March increased by 2.4% year-over-year, lower than the predicted 2.6%. Core CPI, which excludes volatile food and energy prices, rose 2.8%, down from 3.1% in February. The inflation data provided relief to markets, including crypto assets like Bitcoin, which rose 7.5%, reaching $82,000. Ethereum also gained, climbing to $1,600, and Solana increased by 11%, reaching around $114. This inflation report comes after President Donald Trump decided to delay tariff hikes for 90 days, a move that has eased…

There has been a lot of angst among tech companies and policymakers about a looming power shortage on the grid due in no small part to the rise in AI. But what’s less known is that there are terawatts of new capacity waiting to be approved for connection to the grid, and unknotting the bureaucracy could go a long way to solving the problem. All grid operators in the U.S. face the similar backlogs, but few are as significant as that of PJM, which manages the flow of electricity in the mid-Atlantic states, Ohio, and eastern Kentucky.  Now, Google and…

The reboot of early-internet social news site Digg is underway. Original founder Kevin Rose and Reddit co-founder Alexis Ohanian have launched an early-access community for some of the first people who signed up after last month’s announcement that the pair had bought Digg and planned to relaunch it as something new. The early-access program is being called “Groundbreakers” and costs $5 to join — a one-time fee that Digg says is about keeping out bots versus making money. In fact, Digg says the proceeds will go to a nonprofit “we’ll choose together inside the community.” People who join Groundbreakers will…

When most investors think about Trump’s renewed trade war tactics, they look to China. But according to Jeff Park, Head of Alpha Strategies at Bitwise, the real danger may lie in the U.S. misplaying its hand with a very different player. “It made sense to me at some level that he might go after Canada and Mexico … but Japan’s a little different,” Park explained. “The security guarantee that was shared with Japan is ultimately at the core of how Japan has therefore then basically invested in all our long term treasuries.” Notably, Japan actually holds more U.S. debt than…

Amazon CEO Andy Jassy thinks companies should invest “aggressively” in AI now to reap the full financial rewards in the future. In his annual letter to Amazon shareholders published Thursday, Jassy said “substantial capital” is required to keep up with the pace of AI innovation and customer demand for AI products. He added that Amazon, too, needs to spend this money now if it hopes to see strong returns on its investment years down the line. Jassy’s comments come after Amazon announced plans during its fourth-quarter earnings call in February to spend more than $100 billion on capital expenditures in…

Ripple’s Chief Legal Officer and National Cryptocurrency Association President opens up about crypto’s real users, Ripple’s legal victory, and why the new voice of NCA might be a need rather than a want. In an exclusive interview with TheStreet, Stuart Alderoty says the biggest misconception in crypto today is not about price or regulation but about people. Alderoty, who is also the President of the newly launched National Cryptocurrency Association (NCA), said, “We’ve all heard of the “crypto bro” stereotype – the misperception that crypto is only for certain people or that its only utility is investing. The reality is…

YouTube is launching a new feature that will allow creators to use AI technology to generate custom instrumental backing music that can be added to their videos. In an update published to its Creator Insider channel this week, the company shared that it’s beginning to roll out an update to its Creator Music marketplace that will allow creators to generate new tunes using AI prompts. YouTube says the feature is being “gradually” rolled out to creators who have access to Creator Music, the platform’s commercial music licensing resource launched in 2023. The marketplace was designed to make it easier for…

Bitcoin took a major dive, dropping to around $73,000. However, on April 9, it made an impressive recovery after President Trump announced a 90-day pause on tariffs for non-retaliating countries, although it’s important to note that China’s tariffs are still high. This decision sent shockwaves through the crypto and stock markets. Despite the pause, the trade war between the U.S. and China continues, and experts are anticipating significant market volatility through the second and third quarters of 2025. Jamie Dimon, CEO of JPMorgan, stated that a recession in the U.S. is now a likely outcome. While this news may sound…

OpenAI announced on Thursday that it’s starting to roll out a new memory feature in ChatGPT that allows the chatbot to tailor its answers to users based on the contents of their previous conversations. The company says the feature, which appears in ChatGPT’s settings as “reference saved memories,” aims to make conversations with ChatGPT more relevant to users. The update will add conversational context to ChatGPT’s text, voice, and image-generation features, the company added. The new memory feature will roll out first to ChatGPT Pro and Plus subscribers, except for those based in the U.K., EU, Iceland, Liechtenstein, Norway, and…

Photo: Justin Sullivan (Getty Images) Winning the White House was supposed to transform the crypto sector, but for much of this year, it hasn’t paid off for long-term holders of leading cryptocurrencies. Sure, Bitcoin and other top tokens hit record highs when the industry’s preferred candidate, Donald Trump, beat Kamala Harris and concluded the Biden administration’s era of close oversight and crackdowns. Yet, the prices of Bitcoin, Ether, and Ripple’s XRP have mostly sagged in 2025, save for fleeting rallies, including subsequent highs that coincided with Trump’s inauguration. Bitcoin momentarily popped again along with the stock market on Wednesday, after…