Author: GT

Logo of the Organization of the Petroleum Exporting Countries (OPEC)Andrey Rudakov | Bloomberg | Getty ImagesU.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year. The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes a month after OPEC+…

In the crypto market, bold predictions aren’t just talk – they’re backed by real dollars, often through option plays that resemble lottery tickets offering outsized upside for relatively small costs. The stand-out as of writing is the Deribit-listed $300,000 strike bitcoin call option expiring on June 26. Theoretically, this call is a bet that BTC’s spot price will triple to over $300,000 by the end of the first half of the year. Over 5,000 contracts were active in the June $300K call at press time, with a notional open interest of $484 million. That makes it the second-most popular option…

Elon Musk’s SpaceX is getting its own official company town. Residents of an area around SpaceX’s Starbase launch site in southern Texas voted overwhelmingly on Saturday to incorporate as a city — also named Starbase. According to results posted online by the Cameron County Elections Department, there were 212 votes in favor and only six against. In a post on his social media site X, Musk wrote that Starbase, Texas “Is now a real city!”  The new city’s residents are believed to mostly be SpaceX employees. On Saturday, they also voted to elect three current and former Starbase employees —…

While many tech companies are mandating that their employees return to their offices, and putting an emphasis on building in-person teams, they are also turning in droves to Latin America to find developer talent — especially for post-training AI models. Revelo, a full-stack platform of vetted developers in Latin America, is seeing a new surge in demand for engineers that can help with LLM training, Revelo co-founder and CEO Lucas Mendes, told TechCrunch. Revelo has more than 400,000 developers on its platform and facilitates the hiring and payment process for its U.S. customers. Mendes said this recent surge of demand for…

Adopting Michael Saylor’s strategy of buying for the balance sheet has clearly taken off among many publicly traded firms, substantially enriching their stock prices and shareholders. But what does it mean for the future of the bitcoin price? NYDIG Research crunched the numbers, and the results are striking. “If we apply a 10x “money multiplier”—a rule of thumb reflecting the historical impact of new capital on bitcoin’s market cap—and divide by the total supply of bitcoin, we arrive at a rough estimate of the potential price impact: a nearly $42,000 increase per bitcoin,” NYDIG said in a research report. (Source:…

Spotify generates the vast bulk of its income from ads and subscriptions, but for the past few years the music-streaming giant has also been quietly building out a developer tooling business. Backstage, a project it open-sourced in 2020, has been adopted by more than 2 million developers across 3,400 organizations, including Airbnb, LinkedIn, Twilio, and American Airlines. Backstage helps companies build customized “internal developer portals” (IDPs), bringing order to their infrastructure chaos by combining all their tooling, apps, data, services, APIs, and documents in a single interface. Want to monitor Kubernetes, view cloud costs, or check your CI/CD status? Enter…

Coinbase is teaming up with PayPal to promote its PayPal USD stablecoin. Mixing Coinbase’s crypto credentials with PayPal’s huge payment network could mean more crypto adoption. PayPal USD lags behind other stablecoins, but it has big plans. Coinbase (NASDAQ: COIN) and PayPal (NASDAQ: PYPL) have teamed up to make the payment giant’s stablecoin, PayPal USD (CRYPTO: PYUSD), easier to buy and use. Coinbase is one of the leading U.S. crypto exchanges, and PayPal is a major player in e-commerce and online payments. Stablecoins are cryptocurrencies that are pegged to real-world assets such as the U.S. dollar. As such, they offer…

Bitcoin is close to regaining the $100,000 level after briefly dipping below $75,000. While investor sentiment has improved, it is still nowhere near where it was after the election. Bitcoin ETF inflows have returned, as investors increasingly view Bitcoin as a potential safe asset. It’s already been a wild year for Bitcoin (CRYPTO: BTC), and it’s only been four months. Bitcoin soared to a new all-time high of $109,000 ahead of President Donald Trump’s inauguration, briefly dipped below $75,000 after new tariffs were announced, and recently regained the $95,000 price level for the first time since February. For the year,…

Bitcoin is surviving this year. It’s also being stockpiled by major companies — and soon possibly even governments. The same can’t be said for most other cryptocurrencies. Most cryptocurrencies haven’t escaped unscathed from the market’s chaos and economic disruptions of 2025 so far. But, at least up until now, Bitcoin (CRYPTO: BTC) is holding together reasonably well. And that’s just one of the ways that it is proving that it has staying power. Let’s take a look at a few of those in detail. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10…

Bitcoin’s price has surged from $93,000 to over $97,000 on May 2. Institutional activity, favorable macro conditions, and regulatory developments likely drove the price increase. One catalyst was Strategy’s announcement that it had acquired another 15,355 BTC, bringing its total holdings to over 553,000 BTC. Meanwhile, spot Bitcoin ETFs saw net inflows of $2.68 billion this week—the highest since December, reflecting renewed institutional demand. Investors are also reacting to expectations that the Federal Reserve could cut interest rates in June due to slowing economic growth, making Bitcoin more attractive relative to traditional assets. Positive technical indicators, such as Bitcoin’s all-time…