Author: GT

Tesla’s flailing sales figures have put the company closer to the red than it has been in years, according to financial results released Tuesday, threatening one of its biggest advantages over other EV players. The electric automaker reported $409 million in net income on $19.3 billion in revenue after delivering almost 337,000 EVs in the first quarter of the year. The company’s net income reflects a 71% drop from the same quarter last year. It was the worst quarter for Tesla deliveries in more than two years and came on the heels of the company’s first-ever year-to-year drop in sales.…

Bitcoin and Solana have continued to climb as the broader cryptocurrency market rebounds following volatility earlier in April. Bitcoin rose to $91,100—up 7% since April 2—while Solana surged by 14.5% to $145 during the same period. Overall, the global crypto market cap has grown 6% to $295 trillion, with Bitcoin maintaining a 60% share. The rally comes despite political tensions and economic uncertainty following U.S. President Donald Trump’s announcement of broad reciprocal tariffs, which had initially caused market jitters. Solana’s price rise has been especially notable, given recent developments involving the bankrupt exchange FTX. Around 11 million SOL tokens—valued at…

StrictlyVC is turning up the heat in 2025 — and we’re going international! First stop: Athens, May 8. Get ready for sharp, unfiltered conversations onstage — and your chance to jump into the dialogue. This isn’t just an event; it’s a forum where every attendee has a voice with some of Europe’s most influential tech and VC leaders at the helm. Join the conversation — register now to be part of this can’t-miss event. Inside the agenda: StrictlyVC Greece lineup + big names in tech We’re excited to kick off this year’s global edition of the boutique VC event series…

The price of LUCE, a Solana-based meme coin themed around the Vatican’s Holy Year 2025 mascot, has surged dramatically following the death of Pope Francis. On some exchanges, LUCE jumped as much as 134%, reaching a high of $0.02517 before settling at around $0.015. CoinMarketCap data shows LUCE previously dropped below $0.009 before its latest rebound, which saw the token’s trading volume rise to nearly $50 million in 24 hours—a 515% increase. The coin, which debuted in October 2024 shortly after the Vatican revealed its Jubilee mascot, quickly gained traction and reached a peak market cap above $80 million within…

Bitcoin has been showing resilience amidst global economic concerns, particularly the ongoing U.S.-China trade tensions. In the two weeks leading up to April 22, Bitcoin’s price rose by 12%, a strong recovery compared to the broader markets. While the U.S. imposed tariffs on China up to 125% and China reciprocated with similar increases, Bitcoin seemed unaffected by these trade issues. This has led many to observe that Bitcoin is beginning to behave more like gold, rather than the volatile Nasdaq, with growing interest in it as a safe-haven asset. Alex Svanevik, CEO of the crypto intelligence platform Nansen, noted that…

Delta SkyMiles members in the United States can now start earning points when they ride with Uber or order delivery through Uber Eats as part of a recently announced exclusive partnership between the two companies.  The tie-up with Delta is designed to further align the ride-hail giant with airport travel, which has historically been a lucrative segment for Uber. The ride-hailing company also announced plans Tuesday to expand its new affordable Airport Shuttle product to Atlanta after successful launches in New York City.  Uber’s airport plays come at a time when market uncertainty, lower consumer confidence, and increased border scrutiny…

Delta SkyMiles members in the United States can now start earning points when they ride with Uber or order delivery through Uber Eats as part of a recently announced exclusive partnership between the two companies.  The tie-up with Delta is designed to further align the ride-hail giant with airport travel, which has historically been a lucrative segment for Uber. The ride-hailing company also announced plans Tuesday to expand its new affordable Airport Shuttle product to Atlanta after successful launches in New York City.  Uber’s airport plays come at a time when market uncertainty, lower consumer confidence, and increased border scrutiny…

Retail giant Marks & Spencer has confirmed a cybersecurity incident, as customers report ongoing disruption and outages. The British-headquartered retailer on Tuesday told customers in a notice, which TechCrunch has seen, that the company has been “managing a cyber incident” over the last few days. The notice, signed by chief executive Stuart Machin, said it was necessary to make operational changes “to protect [customers] and the business.” The company said its stores remain open and its website and app are operating normally. In a filing with the London Stock Exchange, Marks & Spencer said it had engaged external cybersecurity experts…

One of the long-term bearish arguments against Bitcoin is that it is just another “risk-on” asset. Historically, Bitcoin has acted like a leveraged Nasdaq product, dramatically outperforming in equity bull markets and underperforming in bear markets. However, yesterday, Bitcoin and the iShares Bitcoin ETF (IBIT) went a long way in disproving that. Despite the carnage in equities yesterday, Bitcoin rose 3%, regaining its 50-day moving average. The relative strength in the world’s largest cryptocurrency stood out like a sore thumb Monday, but it’s not just a one-day occurrence; it is becoming a trend. While the Nasdaq and the major US…

Dennis Xu is a repeat tech startup founder, but he’s the first to admit he’s not a programmer.  After co-founding AI note-taking app Mem — one of OpenAI’s earliest venture investments — he has now launched a new startup called Adaptive Computer.  Its grandiose mission is nothing less than a complete reimagining of personal computer software. He wants non-programmers to be using full-featured apps that they’ve created themselves, simply by entering a text prompt into Adaptive’s no-code web-app platform. To make that happen, Xu and co-founder Mike Soylu just announced a $7 million seed round, led by Pebblebed with participation…