MicroStrategy bought another 2,530 $BTC($243M) at an average price of $95,972 last week!

On May 6, Morgan Stanley said it’s raising its price target on AMD (AMD.O) from $360 to $410.

May 6 – Per Bitget market data, South Korea’s KOSPI index closed 447.57 points higher on Wednesday, May 6, posting a 6.45% gain to hit 7,384.56 points. The index notched a new all-time closing high.

On May 6, per Onchainlens monitoring, a crypto whale withdrew another 9,288 ETH from a centralized exchange (CEX)—valued at roughly $21.94 million. The whale now holds a total of 27,098 ETH, worth approximately $64 million.

May 6 — Multiple sources report that China’s largest state-owned semiconductor investment vehicle, the National Integrated Circuit Industry Investment Fund (known as the “Big Fund”), is in negotiations to lead DeepSeek’s first external financing round. If the round closes, the cutting-edge AI lab’s valuation will hit roughly $45 billion.

May 6th Several crypto and payment firms have announced large-scale layoffs under the guise of embracing artificial intelligence, drawing widespread skepticism from investors and analysts over "AI washing." Since Block cut 50% of its staff in February, companies including Gemini, Coinbase and PayPal have followed suit. Coinbase CEO Brian Armstrong said, "The biggest risk right now is inaction," as the firm proactively reorganizes to build a "lean, fast, AI-native" organization. PayPal aims to save $1.5 billion over two to three years via AI transformation and will lay off 20% of its workforce. 0G Labs— which develops blockchain systems for AI agents—also cut 25% of its employees in late April. Market observers note Bitcoin has fallen roughly a third from its October 2023 peak, with low trading volumes, intensified payment industry competition and firms grappling with unique challenges (e.g., Block’s overhiring during the boom and PayPal’s new CEO pushing transformation). It’s t

May 6 – Colombian President Gustavo Petro said in a social media post on Tuesday that Caribbean coast cities including Barranquilla, Santa Marta and Riohacha have the potential to become Bitcoin mining hubs. He proposed leveraging the region’s abundant renewable energy to attract foreign investment and boost economic development, adding Colombia’s largest indigenous community—the Wayúu—could be co-owners of such projects. Petro noted similar models have succeeded in Venezuela and Paraguay. Paraguay, which relies on hydroelectric power from the Itaipu Dam, currently holds 4.3% of the global Bitcoin hash rate, ranking as the world’s fourth-largest mining nation after the U.S., Russia and China. A World Bank report from April 2024 found 75% of Colombia’s electricity comes from renewable sources—more than double the global average. Petro said using this clean energy would ease concerns about global warming that were previously exacerbated by fossil fuel-dependent Bitcoin mining.