News linked to both this project and an event.
Bitcoin slumped shortly after the US stock market opened, briefly breaking below the $79,000 mark, with a daily decline of approximately 3%, trading near its lowest level since May. Market consensus suggests this pullback is closely linked to the sell-off in risk assets triggered by a surge in US Treasury yields.Data shows that the yield on the 10-year US Treasury note rose above 4.55%, reaching its highest level in nearly a year, fueling concerns over tightening liquidity and a reassessment of risk assets. Analysts point out that this level previously triggered adjustments in US stocks and policy expectations last year, and is now once again serving as a key pressure signal.Trading firm The Kobeissi Letter stated that the "panic-driven rally" in the bond market is intensifying, with expectations for prolonged high interest rates growing. The market has begun pricing in the possibility of further rate hikes in the future, quickly cooling the previous "euphoria" in risk assets.From a technical perspective, analysts believe that after encountering multiple rejections from resistance above $82,000, Bitcoin's support structure is weakening. In the short term, it may retest the $75,000–$77,000 range, as the market enters a phase of range-bound trading and directional selection. (Cointelegraph)
According to CoinDesk, Jesse Spiro, Head of Government Affairs at Tether, stated at the Consensus Miami 2026 summit that the 2026 U.S. midterm elections will be a critical test of whether Washington’s recent crypto-friendly policies can endure. He noted that although legislative progress has been made—such as with the GENIUS Act—the election outcome could still have a disruptive impact on the industry’s trajectory, emphasizing that “crypto should not be partisan.” Colin McLaren, Head of Government Relations at the Solana Policy Institute, said the industry’s political efforts have now shifted toward “durability,” ensuring Congress continues advancing priority issues like tax reform and developer protections in the future. Mason Lynaugh, Executive Director of Stand With Crypto, stated that the organization’s nearly 3 million members view the election as a “moment of accountability,” and that highly mobilized crypto voters could sway election outcomes in key districts.
Chicago Fed President Austan Goolsbee said Wednesday that the war with Iran increasingly appears to be an inflationary shock to the economy. While the impact on employment and economic growth is not yet apparent, concerns are mounting over supply chain disruptions and persistently rising prices. "This is not yet a 'stagflationary' shock"—the kind that simultaneously hits the job market and pushes up inflation, forcing the Fed to decide which of its policy objectives faces greater risk—Goolsbee said after a conference at the Milken Institute in Los Angeles. "This is purely an inflation shock. And the longer it persists, the more uneasy I become."
Vercel CEO Guillermo Rauch (@rauchg) announced that Vercel is conducting an in-depth investigation into the April 2026 security incident. The investigation revealed that the attackers initially breached Vercel’s systems via Context.ai’s account—a startup—but their activities extended far beyond this initial intrusion. Threat intelligence indicates that the attackers distributed malware to steal Vercel account credentials and API keys from other service providers, then used those keys to rapidly and extensively enumerate non-sensitive environment variables. To trace the root cause, Vercel has processed nearly 1 petabyte of network and API logs. Vercel is collaborating with industry partners—including Microsoft, AWS, and Wiz—to respond jointly and has proactively notified other potentially affected parties, urging them to rotate credentials and adopt security best practices.