Connect with us
DAPA Banner

Crypto World

Microsoft Stock Price Drops Sharply After OpenAI Revises Partnership

Published

on

Microsoft (MSFT) Stock Performance

OpenAI CEO Sam Altman said that the company has updated its partnership with Microsoft (MSFT), ending Azure cloud exclusivity and clearing OpenAI to sell products across competing providers.

Microsoft stock slipped on the news, with traders citing the loss of an Azure-only edge for OpenAI’s flagship artificial intelligence (AI) products.

What Changed in the Updated Partnership

Per Altman’s post, Microsoft remains OpenAI’s primary cloud partner, but the license is now non-exclusive. OpenAI can offer models through Amazon Web Services, Google Cloud, Oracle, and other rivals.

The terms keep cash flowing both ways. OpenAI will supply Microsoft with models through 2032 and pay a revenue share to its largest backer through 2030.

Advertisement

Microsoft will no longer pay a revenue share back to OpenAI, removing one outflow from its income statement.

Why MSFT Stock Sold Off

MSFT shares dropped as much as 5% intraday before paring losses, with the chart still pointed lower into the close.

Microsoft (MSFT) Stock Performance
Microsoft (MSFT) Stock Performance. Source: TradingView

Investors had treated OpenAI workloads as a structural Azure differentiator. Removing exclusivity opens that book of business to AWS, Google Cloud, and Oracle, each of which has courted frontier AI labs.

Not every analyst read the move as bearish. CFA Palwinder Singh argued that the selloff overlooked the value Microsoft retains as the lab’s largest equity holder.

Advertisement

“Investors are crying about exclusivity while ignoring that Microsoft still has a 27% stake in OpenAI valued at $135 Billion, This 5% dip is a gift for anyone who can read a balance sheet instead of just a headline,” wrote Singh.

Microsoft keeps ChatGPT’s intellectual property rights through 2032 alongside that equity stake.

Investors must weigh whether discontinued payments and a longer model runway can offset the cloud-exclusivity hit across the broader AI sector, including Altman-linked projects such as Worldcoin.

The post Microsoft Stock Price Drops Sharply After OpenAI Revises Partnership appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Crypto ETPs Extend Inflow Streak as BTC Trades Above $76K

Published

on

Crypto ETPs Extend Inflow Streak as BTC Trades Above $76K

Cryptocurrency investment products continued their run of inflows last week as Bitcoin traded at its highest levels since early February.

Crypto exchange-traded products (ETPs) recorded $1.2 billion in inflows last week, marking their fourth consecutive week of gains, CoinShares reported Monday.

The inflow streak is the largest so far this year, as the four-week total has reached about $3.9 billion, surpassing the previous four-week run of $2.9 billion in March.

Total assets under management rose to $155 billion, the highest level since Feb. 1, supported by Bitcoin trading above $76,000 for the first time since its February correction, CoinShares head of research James Butterfill said.

Advertisement

He said that crypto ETP growth likely reflects improving institutional demand against a backdrop of a Bitcoin surge. “The market now turns to the FOMC decision on April 28–29, which is likely contributing to caution at the margin,” Butterfill added.

Bitcoin leads inflows as most assets see gains

Bitcoin led last week’s ETP inflows, drawing $932.5 million and lifting year-to-date flows to $4 billion. A large share of these inflows came from US-listed spot Bitcoin exchange-traded funds, which recorded about $824 million in inflows last week, according to SoSoValue.

Ether ETPs ranked second with $192 million of inflows, marking the third consecutive week of gains above $190 million, with year-to-date inflows now at $390 million.

Crypto ETP flows by asset (in millions of US dollars). Source: CoinShares

Advertisement

XRP funds returned to inflows after recording $56 million in outflows the previous week.

Despite the positive trend, short-Bitcoin products also recorded modest inflows of $16.5 million. That was broadly in line with the prior month’s average, suggesting persistent but not elevated hedging demand, Butterfill said.

Blockchain equity ETFs hit record weekly inflows.

The analyst also noted that blockchain equity ETFs recorded a record week of inflows.

The ETFs have seen $617 million in inflows over the past three weeks, Butterfill said, highlighting rising demand for exposure to the broader technology and digital asset sector.

Advertisement

Related: Morgan Stanley launches stablecoin offering through money market fund

Regionally, the US dominated with $1.1 billion of inflows. Germany saw around $62 million, more than double the prior week, while Switzerland reversed last week’s $138 million of outflows with $35 million of inflows.

Magazine: XRP hints at 30% spike, Bitcoin ETFs post 9-day inflow streak: Hodler’s Digest, April 19 – 25

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Source link

Advertisement
Continue Reading

Crypto World

developers outline plan to protect network from quantum threats

Published

on

Quantum computing could break Bitcoin sooner, says Google

The Solana Foundation says it has a plan for dealing with future quantum computing risks, outlining in a new blog post how its developers are already aligned on a potential solution.

The foundation said on Monday two of the network’s core developer teams, Anza and Jump Crypto’s Firedancer, have independently landed on the same solution, a new type of digital signature called Falcon designed to withstand quantum computing, and have already started building early versions of it.

The alignment is notable given Solana’s technical constraints. The network’s high-speed, low-latency design has raised questions about whether more computationally intensive post-quantum cryptography could be adopted without trade-offs. The foundation said, however, that any eventual migration would be manageable and unlikely to significantly impact performance.

The blog post comes as debate intensifies across the crypto industry about whether advances in quantum computing could eventually undermine blockchain security. The Solana Foundation’s position: the risk is real but still distant.

Advertisement

“Quantum is still years away,” the foundation said, adding that migration plans are “well-researched, understood, and ready to deploy.”

Beyond core protocol work, the foundation pointed to existing efforts within the ecosystem, including Blueshift’s “Winternitz Vault,” a quantum-resistant primitive that has been live on Solana for more than two years and was recently cited by Google Quantum AI.

For now, no immediate changes are planned. Solana outlined a phased roadmap that includes continued research into Falcon and alternatives, introducing post-quantum schemes for new wallets if needed, and eventually migrating existing wallets.

Read more: Solana’s quantum-threat readiness reveals harsh tradeoff: security vs speed

Advertisement

Source link

Continue Reading

Crypto World

A Zero-Day Hack Triggered a 13-Block Reorg on Litecoin: Are User Funds Actually Safe?

Published

on

A Zero-Day Hack Triggered a 13-Block Reorg on Litecoin: Are User Funds Actually Safe?

Litecoin (LTC) took a hit on April 25, and not a small one. What exactly triggered the chaos, and whether the hack damage is truly contained, deserves a closer look.

A zero-day vulnerability in Litecoin’s codebase was exploited on April 25, triggering a 13-block reorganization that temporarily halted transaction finality across major mining pools.

The attack vector: un-updated nodes incorrectly accepted invalid MWEB (MimbleWimble Extension Block) transactions, which a Denial-of-Service attack exploited to flood the network.

The Litecoin team confirmed the bug on their official X account and stated a patch has been fully deployed, with node operators urged to update immediately.

Advertisement

No user funds were lost, but the reorg reversed transactions across those 13 blocks, a depth that qualifies as a serious network event by any measure.

A 13-block reorg isn’t a rounding error. Broader crypto markets are already navigating fragile sentiment around Bitcoin stalling near key levels, and a security incident on a top-20 chain adds pressure that technical analysis alone can’t absorb.

Can Litecoin Price Recover to $94 After the Hack Incident?

Advertisement

LTC holding up after the incident is actually the story, not the dip. Price bounced despite negative headlines, which tells you sellers did not fully take control.

But it is not strong either, it is just stable. Volume is messy across exchanges, which points to fragmentation, not a clean trend.

Source: Tradingview

Right now, everything comes down to $60. That is the level that flips the structure if it breaks with volume.

If that happens, LTC can move back toward the top of its range and regain momentum.

More realistically, this just stays sideways between roughly $56 and $59 while the market moves on and the news fades.

Advertisement

The risk is if issues resurface or sentiment weakens, because $52 is the floor, and if that breaks, downside opens quickly.

So this is a neutral setup, holding steady for now, but still waiting for a real direction.

Here is Why LiquidChain Could Be Replacing OG Coins Like Litecoin

LiquidChain is positioning around that idea, aiming to connect Bitcoin, Ethereum, and Solana liquidity into one layer so developers and users are not tied to a single ecosystem.

Advertisement

The pitch is about reducing fragmentation and making execution smoother across chains.

The presale is still early, around $0.01453 with just over $700K raised, which means it is in the early accumulation phase rather than widely priced.

But that also comes with the trade-off. Early-stage projects carry real execution risk, and liquidity only comes after launch.

So the contrast is simple, LTC offers stability with limited upside, while something like LiquidChain offers higher potential, but with much higher uncertainty.

Visit LiquidChain Here.

Advertisement

The post A Zero-Day Hack Triggered a 13-Block Reorg on Litecoin: Are User Funds Actually Safe? appeared first on Cryptonews.

Source link

Advertisement
Continue Reading

Crypto World

Curve founder pitches market-based fix for $700K bad debt in contrast to Aave bailout

Published

on

Curve founder pitches market-based fix for $700K bad debt in contrast to Aave bailout


The plan allows trapped lenders to sell tokenized claims on deposits, offering buyers an option-like bet on CRV’s recovery.

Source link

Continue Reading

Crypto World

MiCA-licensed Banking Circle joins bank stablecoin settlement race in Europe

Published

on

MiCA-licensed Banking Circle joins bank stablecoin settlement race in Europe

MiCA-licensed Banking Circle joins bank stablecoin settlement race in Europe

Banking Circle’s stablecoin settlement launch follows its CASP approval, entering a crowded market with SocGen, Sygnum and a 12-bank euro stablecoin consortium.

Source link

Continue Reading

Crypto World

MicroStrategy Purchases 3,273 Bitcoin for ~$255 Million; Polymarket Odds Show 10% Chance of Sale This Year

Published

on

MicroStrategy Purchases 3,273 Bitcoin for ~$255 Million; Polymarket Odds Show 10% Chance of Sale This Year

MicroStrategy has acquired an additional 3,273 Bitcoin in a new purchase valued at approximately $255 million, while prediction market Polymarket sets 10% odds on the company selling any Bitcoin before year-end.

MicroStrategy purchased an additional 3,273 Bitcoin for approximately $255 million, according to a Polymarket announcement on April 27, 2026. The acquisition marks the latest expansion of MicroStrategy’s Bitcoin holdings, which have become a cornerstone of the company’s treasury strategy.

Polymarket, a cryptocurrency prediction market, has priced the odds of MicroStrategy selling any Bitcoin in 2026 at 10%, indicating strong market confidence in the company’s continued hodling stance. MicroStrategy has been one of the largest corporate Bitcoin accumulators since 2020, using the digital asset as a primary vehicle for treasury management.

Sources: Polymarket | Polymarket

Advertisement

This article was generated automatically by The Defiant’s AI news system from publicly available sources.

Source link

Continue Reading

Crypto World

Kbank Tests Ripple Wallet For Remittances In South Korea

Published

on

Kbank Tests Ripple Wallet For Remittances In South Korea

South Korean internet-only bank Kbank has signed a strategic partnership with blockchain payments company Ripple to test blockchain-based overseas remittances. 

According to local media outlets like News1, The Korea Herald and Maeil Business, Kbank CEO Choi Woo-hyung and Fiona Murray, Ripple’s Asia-Pacific managing director signed the agreement at Kbank’s Seoul headquarters. The bank said the partnership will use Ripple’s global network and blockchain infrastructure to test whether overseas remittances can be made faster, cheaper and more transparent.

The companies are already conducting a phased technical verification. The first phase reportedly tested a separate app-based remittance structure, while the second phase is digitally linking customer accounts and internal systems to test remittance stability. It includes onchain transfers to countries such as the United Arab Emirates and Thailand, according to local reports. 

The tie-up comes as South Korean financial companies test blockchain-based cross-border payment infrastructure while the country’s stablecoin and digital asset rules remain under discussion.

Advertisement

South Korea companies prepare for stablecoin rules

South Korea is weighing how to regulate stablecoins under broader digital asset legislation. On April 8, South Korea’s ruling Democratic Party prepared a draft bill that would classify stablecoins as foreign exchange payment instruments and require tokenized real-world assets to be backed by assets held in trust. 

Citing an integrated draft of the proposed Digital Asset Basic Act, the Seoul Economic Daily previously reported that stablecoins used in cross-border transactions would be treated as a “means of payment” under the country’s Foreign Exchange Transactions Act. 

Related: South Korea tightens crypto withdrawal-delay exemptions after scam losses

The policy backdrop may explain why stablecoin and blockchain-payment tie-ups are accelerating before the rules are final. Banks, card companies and payment firms appear to be testing infrastructure, partners and use cases while avoiding full commercial launches ahead of legislation. 

Advertisement

On March 16, Hana Financial Group, one of South Korea’s largest financial conglomerates, signed a business agreement with the United Kingdom’s Standard Chartered Group for cooperation on various sectors, including foreign exchange and digital assets

The South Korean conglomerate also previously partnered with USDC-issuer Circle and major US crypto exchange Crypto.com to promote stablecoin-based payments for foreign visitors in the country, according to The Korea Times. 

On March 5, Asia Business Daily reported that South Korean payments company Danal will officially launch a digital asset payments service for foreign visitors in Korea in partnership with Binance Pay. 

Magazine: Adam Back says current demand is ‘almost’ enough to send Bitcoin to $1M

Advertisement
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Source link

Continue Reading

Crypto World

MiCA has made euro stablecoins safe but weak, new report argues

Published

on

MiCA has made euro stablecoins safe but weak, new report argues

MiCA has made euro stablecoins safe but weak, new report argues

A new Blockchain for Europe report says MiCA has made euro stablecoins safer but less competitive, and urges targeted reforms to reserves and remuneration.

Source link

Continue Reading

Crypto World

Cross-border B2B stablecoin payments to hit $5 trillion by 2035, says Juniper Research

Published

on

Stablecoins account for most illicit crypto activity, FATF says

International stablecoin payments among businesses will total $5 trillion by 2035, fintech analysts Juniper Research said in a new report.

That figure would be 373 times greater than the estimated total value of $13.4 this year.

“Stablecoins are increasingly embedded in cross-border business-to-business (B2B) transactions, treasury operations, and supply chain settlements, where their programmability and 24/7 settlement finality offers advantages over correspondent banking rails,” the research firm said, adding they are “causing disruption to correspondent banking channels.”

Juniper said the growth is driven by stablecoins increasingly addressing the current inefficiencies within cross-border payments that traditional finance handles.

Advertisement

The firm estimates that 85% of the total stablecoin transaction value in 2035 will come from B2B, with the fiat-pegged cryptocurrencies shifting from a speculative asset to a foundational layer of institutional payment infrastructure.

Stablecoins are increasingly integrated in international payments among businesses, treasury operations, and supply chain settlements, because their speedy 24/7 settlement finality offers advantages over correspondent banking rails, the firm said.

“Stablecoins are not replacing payments infrastructure; they are being adopted where the advantages are most pronounced,” said Juniper Research Analyst Jawad Jahan. “Cross-border B2B is where those advantages are greatest, and where we expect the most sustained volume growth over the forecast period.”

He suggested stablecoin issuers should focus on enterprise integrations and treasury partnerships to capture the majority of this value.

Advertisement

Earlier this month, Chainalysis said stablecoins were on track to become a foundational layer of global finance, with adjusted transaction volumes projected to reach $719 trillion by 2035. The blockchain intelligence firm also said that when crypto becomes the default for the next generation, “the question is no longer if stablecoins compete with traditional rails, but how quickly they replace them.”

Source link

Continue Reading

Crypto World

Ethereum’s EEZ could pull other blockchains into its orbit

Published

on

Ethereum’s EEZ could pull other blockchains into its orbit

Ethereum’s EEZ could pull other blockchains into its orbit

The Ethereum Economic Zone aims to unify fragmented rollups, but its broader goal is to extend interoperability to other blockchains, says Ernst.

Source link

Continue Reading

Trending

Copyright © 2025