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Erik Reppel says AI agents will kill online ads

Erik Reppel said at Consensus Miami 2026 that AI agents bypass internet ads entirely, threatening the webs core business model and pointing to x402 stablecoin micropayments as the structural replacement.Coinbase Developer Platform head Erik Reppel told Consensus Miami that autonomous AI agents do not interact with online advertising, breaking the internets foundational revenue model.Reppel cited estimates projecting the agentic economy could reach between $3 trillion and $5 trillion by 2030, arguing this shift will displace ad-funded content at scale.He argued that x402, a Coinbase-backed protocol for stablecoin micropayments, could replace advertising as the primary way web content is monetised by software.　　Coinbase Developer Platform head and x402 founder Erik Reppel took the Consensus Miami 2026 stage on Wednesday to argue that autonomous AI agents will collapse the advertising model that has funded the web for three decades. His argument is structural: the internet was built for humans clicking links and seeing ads, not for software interacting directly with other software.　　“I think the thing people haven‘t quite realized is that we’re going to break the fundamental economic model of the internet,” Reppel said in an interview. “Moving from browsers and you visiting the website of the person whos publishing content, to consuming

05-07

Fairshake and AI PACs pour $100m into midterms

Fairshake has spent $28 million in 2026 primaries as a new poll shows most Americans distrust crypto and AI, raising questions about the political value of industry-backed super PAC money.Fairshake and pro-AI PAC Leading the Future have together spent over $100 million in 2026 midterm races, according to federal filings and published reporting.A Public First poll for Politico in April found 45% of Americans say investing in crypto is too risky, and 44% say AI is developing too fast.Only 3% of survey respondents recognise Fairshake by name, but analysts warn backlash could be swift once voters connect the spending to the industries behind it.　　Fairshake, the pro-crypto super PAC backed by Coinbase, Andreessen Horowitz, and Ripple, has spent $28 million across competitive 2026 primaries. Combined with pro-AI group Leading the Future, which launched in August 2025 and has raised more than $75 million, the two industry-aligned groups have together deployed over $100 million in the current midterm cycle.　　The spending arrives against a difficult backdrop. A Public First poll conducted for Politico in April, surveying 2,035 US adults, found 45% of Americans say investing in cryptocurrency is not worth the risk, 44% say AI is developing too fast, and nearly two-thirds want

05-07

Dollar Index Slips Below 98 As US-Iran Peace Hopes Rise

Tech　　Dollar Index Slips Below 98 As US-Iran Peace Hopes Rise　　The US Dollar Index (DXY) fell below the 98.00 mark on Tuesday, driven by mounting speculation that the United States and Iran may be nearing a diplomatic breakthrough. The decline reflects a broad shift in investor sentiment as geopolitical risk premiums tied to Middle East tensions begin to unwind.　　Market Reaction and Immediate Drivers　　The DXY, which measures the greenback against a basket of six major currencies, dropped as low as 97.85 during early European trading hours. The move marks a continuation of recent weakness, with the index now testing levels not seen since early January. Traders pointed to unconfirmed reports of indirect talks between Washington and Tehran as the primary catalyst, though no official confirmation has been released by either government.　　Currency markets are pricing in a potential reduction in safe-haven demand for the dollar, which had rallied earlier this year on fears of a broader conflict in the Middle East. A peace deal would likely reduce oil supply risks, lower energy prices, and diminish the dollars appeal as a haven asset.　　Geopolitical Context and Timeline　　Relations between the US and Iran have been tense since the Trump administration withdrew from the Joint Comprehensive Plan

05-07

Core Scientific to buy Polaris for $421M to boost AI capacity

Tech　　Core Scientific to buy Polaris for $421M to boost AI capacityCore Scientific agreed to acquire Polaris DS LLC for $421 million to expand its AI data center operations in Oklahoma.The deal will add 440 megawatts of contracted power through Oklahoma Gas and Electric to support high-density computing.The Polaris site spans 40 acres and operates next to Core Scientifics existing Muskogee campus infrastructure.Core Scientific expects to close the acquisition in Q3 2026 after completing required regulatory approvals.The company has started building a new 82.5 megawatt facility to increase its total campus capacity.　　Core Scientific announced a $421 million agreement to acquire Polaris DS LLC in Oklahoma. The company targets the expansion of its AI data center capacity through the transaction. The deal adds contracted power and operating infrastructure to support high-density computing growth.　　Core Scientific advances Oklahoma campus expansion with Polaris acquisition　　Core Scientific confirmed it will acquire Polaris DS LLC for $421 million in cash and stock. The agreement includes 440 megawatts of contracted power through Oklahoma Gas and Electric. The company plans to integrate these assets into its Muskogee campus operations. The transaction remains subject to regulatory approval and is expected to close in Q3 2026.　　The Polaris site spans 40 acres and

05-07

EUR/GBP Set To Edge Higher, Rabobank Analysts Predict

Tech　　EUR/GBP Set To Edge Higher, Rabobank Analysts Predict　　Analysts at Rabobank have issued a fresh forecast for the EUR/GBP currency pair, suggesting a gradual upward trajectory in the coming weeks. The Dutch banks currency strategists point to a combination of monetary policy divergence and relative economic data as key drivers behind the anticipated move.　　Whats Driving the EUR/GBP Outlook？　　Rabobanks analysis centers on the European Central Banks (ECB) more hawkish stance compared to the Bank of England (BoE). While both central banks are navigating inflationary pressures, the ECB has signaled a more determined path toward tightening, which tends to support the euro. In contrast, the BoE faces a more fragile UK economic outlook, with growth concerns potentially limiting the pace of rate hikes.　　Furthermore, recent economic data from the eurozone has shown relative resilience, particularly in the services sector, while UK data has been more mixed. This divergence in economic performance is seen as another factor that could push the EUR/GBP cross higher.　　Technical and Market Context　　From a technical perspective, the EUR/GBP pair has been consolidating in a narrow range over the past few weeks. Rabobank‘s view suggests that a break above this range is likely, though the move is expected to be ’creeping rather

05-07

Can Bitcoin break a new 2026 high this week – or will geopolitics cause weekend reset again？

Bitcoin is trading above $82,000 on May 6, while oil, Treasury yields, the dollar, and US stocks shift around the same volatile geopolitical and macro backdrop that has left investors exhausted after the last few months.　　The move reopens the inflation-hedge debate while leaving it unresolved. It also puts pressure on the claim that $BTC has made a lasting break from equities.　　For now, the low-$80,000 area is the markets cleanest test of whether $BTC is catching a new bid from macro volatility or whether buyers are chasing another bear-market rebound.　　The current setup is unusually compressed. As of press time, CryptoSlates Bitcoin page shows the price near $82,000, with Bitcoin dominance around 60.4% and 24-hour volume above $40 billion.　　At the same time, WTI crude has fallen below $100, the US Dollar Index is below 98, official Treasury data shows 2-year and 10-year yields easing from the prior daily reading, and the Ss record/high-area move showed that traditional risk appetite remained active. Treasurys daily curve, meanwhile, showed only a small close-to-close easing in the 2-year and 10-year yields, even though intraday chart action looked sharper.　　That distinction is important because the Bitcoin argument weakens if the bond-market move is overstated, which is happening across

05-07

Memecoins Became Top-Performing Crypto Sector in April

Amid the bullish sentiment in the cryptocurrency market after Bitcoin ($BTC) reclaimed its $81,000 mark this week, Coinbase released COIN50 Index data for April, where the overall crypto market witnessed strong performance over the last month.　　According to the official data shared by Coinbase Institutional, the COIN50 Index has jumped by approximately 11.05% in the last month. One of the major reasons behind this surge is the easing of geopolitical tensions in the Middle East after the U.S. and Iran returned to peace talks following a ceasefire in the biggest war of the decade.　　The upward momentum in the crypto market was witnessed after initial shocks earlier this year, when Bitcoin drastically plunged below $70,000. In April, Bitcoin price increased by around 16%, while Ethereum shot up by around 14%.　　Bitcoin Triggers Correlation in Altcoins, Ethereum Follows the Lead　　After the bear run at the beginning of this year, Bitcoin has entered in April month with around $67,000. By the end of April, $BTC price soared by around $76,000. On the other hand, the second biggest cryptocurrency, Ethereum, has started the month at around $2,100 and wrapped up at around $3,300.　　After the rough start of 2026, in April, the crypto sector has witnessed strong

05-07

Crypto-backed Republican candidate wins Indiana congressional primary

A Republican US House of Representatives member running for reelection has won his partys primary after crypto-affiliated groups contributed more than $500,000 in supportive media buys.　　Representative James Baird won Tuesdays Republican primary for Indiana House District 4 with more than 60% of the vote, beating challenger Craig Haggard and others.　　Beginning with his first term, in January 2019, Baird consistently supported legislation considered favorable to the crypto industry, including the GENIUS stablecoin act and the market structure bill, the CLARITY Act.　　Source: NBC News　　According to filings with the US Federal Election Commission (FEC), the Defend American Jobs political action committee (PAC) spent about $514,000 on media to support Baird. The PAC is affiliated with Fairshake, a committee backed by crypto companies including Coinbase and Ripple Labs that spent more than $130 million to influence the 2024 US elections.　　“Representative Baird has been a proven leader for pro-job, pro-consumer, and pro-innovation policies in Congress,” a Fairshake spokesperson told Cointelegraph before the primary. “Were proud to support leaders committed to responsible regulation that ensures the US remains the global leader in innovation.”　　Baird, who also received an endorsement from Donald Trump, reportedly thanked the US President following his primary win. Trumps ties to the crypto industry

05-07

Zcash price jumps 36% to $600 resistance; bulls eye cycle high

Zcash price climbed 36% to above $600 amid Bitcoins uptick.$ZECs rally comes as a surge in shielded supply highlights Zcashs strength.Bulls could target $700 and cycle highs, but RSI signals profit-taking.　　Zcash ($ZEC) is riding the latest wave in the cryptocurrency market, surging alongside Bitcoins charge toward $82,000.　　As the flagship asset nears this key psychological barrier, altcoins are joining the rally, with Toncoin (TON) climbing 22%, Internet Computer (ICP) gaining 18%, and Near Protocol (NEAR) up 15% in the past 24 hours.　　This broad uptick signals a renewed investor appetite for privacy-focused and scalable protocols amid a dip in Bitcoins dominance to 54%.　　Zcash explodes 36% to above $600　　Zcashs price has skyrocketed 36% over the past week, flirting with the $600 resistance level early Wednesday.　　The privacy coin rose to highs of $606 on Coinbase, hitting its highest level since November 2025.　　Meanwhile, open interest on major futures platforms like Binance and OKX has surged to $1.3 billion, up from $964 million the day before.　　These metrics reflect surging conviction and have helped propel bulls past key resistances at $450 and $540. $ZEC hovered at $578 at the time of writing, with the $600 mark now acting as the immediate hurdle.　　Why is Zcash price surging？　　As noted,

05-07

Michael Saylor breaks Strategys never-sell rule

Michael Saylor said Strategy will “probably sell some bitcoin” to pay dividends, marking the first public reversal of the firms long-held never-sell position.Strategy executive chairman Michael Saylor floated selling bitcoin to fund dividend obligations during the companys Q1 2026 earnings call on May 5.Strategy holds 818,334 BTC and faces approximately $1.5 billion in annual dividend obligations across its preferred stock instruments.MSTR stock fell more than 4% in after-hours trading following the call, while bitcoin briefly dipped below $81,000.　　Strategy, the largest publicly traded corporate holder of bitcoin, may sell a portion of its holdings to cover dividend payments, executive chairman Michael Saylor said during the companys Q1 2026 earnings call on May 5. The statement marks the first time the firm has publicly walked back the never-sell position Saylor has repeatedly asserted over several years.　　“We will probably sell some bitcoin to pay a dividend just to inoculate the market and send the message that we did it,” Saylor said on the call. He framed the approach as deliberate: “You buy bitcoin with credit, you let it appreciate, and then you sell bitcoin to pay the dividend.”　　Q1 results and market reaction　　Strategy reported a $12.54 billion net loss for Q1 2026. The company

05-07

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