Invest ideasNews
30 May 2026, 01:52
Bailey says UK banks still cannot access Mythos, blames US political hold-up
British banks still cannot access Anthropic’s Mythos model to test their systems against cyber threats, Bank of England Governor Andrew Bailey said Friday, six weeks after the model first drew regulatory concern. Bailey said Anthropic was willing to share Mythos on a trial basis, but the rollout had stalled. “It hasn’t happened yet, and I think this has been somewhat caught up in the process with the U.S. administration,” Bailey said on the sidelines of the central banking conference in Reykjavik. Anthropic promised UK banks access in April, but it has not arrived As Cryptopolitan reported in April, the Bank of England, the Financial Conduct Authority, HM Treasury, and the National Cyber Security Centre convened to assess the risks Mythos posed to British financial institutions. At the time, Anthropic’s head of UK, Ireland, and Northern Europe, Pip White, said that UK banks would receive access to Mythos within the week. That was six weeks ago. Bailey named Mythos explicitly in an April 15 speech at Columbia University, describing it as a major cybersecurity concern and saying cyber had climbed regulators’ risk rankings faster than any other category in recent years. Mythos is currently limited to a select few companies through Anthropic’s Project Glasswing for cybersecurity applications. Early access was given to Goldman Sachs and a few other US companies. Cryptocurrency firms and UK banks have been left out of the first release. Bailey pushes for coordinated global response Bailey, who also chairs the international Financial Stability Board, said cyber threats cannot be contained within national boundaries. “Spillovers from this sort of cyber risk are so big that we can’t just have a single sort of national approach,” he said. Banks are deeply interconnected across borders, he added, meaning that one country securing its own institutions would not be enough if others remain exposed. Anthropic has said the model can find and exploit software vulnerabilities better than all but the most skilled human experts. When Anthropic released Mythos to select customers, the company said it had already found thousands of high-severity vulnerabilities across open- and closed-source software, more than 99% of which remained unpatched. In the hands of defenders, Mythos could let banks find and fix flaws before attackers reach them. Outside that circle, the same capability becomes a threat. The banks still waiting for access are exposed to a tool that their potential attackers may eventually obtain. Why the US administration sit in the middle Bailey’s comments come while Anthropic is also at odds with the Trump administration over military access to its AI tools. The dispute is about where to draw the line on how the U.S. military can use the company’s technology. President Donald Trump recently postponed signing an executive order on artificial intelligence that would have created a voluntary process in which developers could seek input from the federal government before making their advanced models public. That postponement adds another layer of uncertainty for companies and regulators seeking clearer rules around frontier AI systems. And for British banks, despite being flagged as exposed by their own central bank, remain on the outside of a tool that the Bank of England considers important enough to raise at an international conference. Anthropic has not publicly detailed the specific hold-up. The company said in April it was prepared to begin offering Mythos to British banks, with White citing “significant” engagement with UK bank chief executives since the model’s release. If you're reading this, you’re already ahead. Stay there with our newsletter .
29 May 2026, 22:00
Strategy’s Bitcoin Treasury Model Compared To Falling Dominoes By Peter Schiff
Strategy can cover its debt and preferred dividends even if Bitcoin drops to $8,000 — down from current levels around $73,000 — a claim the company makes as gold advocate Peter Schiff steps up his warnings about its business model. A Model Built On Cheap Debt Schiff, speaking in an hour-long video on May 28, argued that Strategy’s practice of using borrowed money to buy Bitcoin is one of three interconnected financial pressures, or “dominoes”, that could unravel together. The other two, in his view, are the $39 trillion US national debt and a ballooning AI investment bubble. His argument traces back to a period of low interest rates that made borrowing cheap and encouraged large-scale speculation. That environment, Schiff contends, allowed Strategy to keep piling into Bitcoin while the federal government continued spending beyond its tax revenues and investors kept pouring money into artificial intelligence ventures. Schiff pointed to Strategy’s recent decision to use roughly 60% of its cash reserves to retire zero-interest convertible notes three years ahead of schedule. He read that move as a sign the company needed to protect its liquidity while staying heavily exposed to Bitcoin. The Two Sides Of The Debate Other financial analysts see the same move very differently. Reports indicate that mainstream commentators viewed the early buyback as smart capital management — the notes were repurchased at a discount, which removed the threat of significant shareholder dilution down the road. Switching from convertible debt to preferred equity also reduces the pressure on the company if Bitcoin enters a prolonged slump, according to those analysts. On top of that, the restructured balance sheet could make it easier for Strategy to take on additional debt to fund more Bitcoin purchases. Strategy itself says the math still works at far lower Bitcoin prices. The company maintains it stays profitable as long as Bitcoin grows by at least 1.25% annually. Schiff’s Case Against Bitcoin Schiff, a long-standing critic of Bitcoin and vocal supporter of gold , argues the bigger danger arrives if interest rates rise sharply. Higher rates, he says, would burst the AI bubble, punish overleveraged investment models, and drag down companies like Strategy in the process. His recommendation is a move away from tech stocks, crypto, and high-debt investment structures and toward gold and physical assets. Reactions across social media to his video were mixed, with some users agreeing with his concerns over central bank policy, while others criticized what they described as his constant bearish outlook on Bitcoin. Featured image from Unsplash, chart from TradingView
29 May 2026, 20:40
Treasury Secretary Bessent Says US Has 'Grabbed' $1 Billion in Crypto From Iran
Treasury Secretary Scott Bessent said the U.S. has "outright grabbed" roughly $1 billion worth of cryptocurrencies from Iran via seizures.
29 May 2026, 20:26
Can Ripple’s Fed Master Account Approval Trigger A New XRP Bull Run? AI Model Says $80 Is Possible
Ripple’s possible approval to hold a Federal Reserve (Fed) master account could be the spark that pushes XRP into another major phase of upside momentum. Fed Settlement Access In his latest report, market analyst Sam Daodu said AI models broadly agree that XRP may rise if Ripple gains access to Fed settlement infrastructure. A major reason behind the optimism is that Fed access would allow Ripple to settle directly through those rails, rather than routing transactions through banks that currently act as middlemen. Related Reading: Ethereum (ETH) Drops Below $2,000—Why Standard Chartered Still Expects $40,000 By 2030 Daodu suggested the process may already be moving toward reality. In March 2026, Kraken became the first crypto firm to receive a master account through the Federal Reserve Bank of Kansas City, which he cited as evidence that the approval pathway is no longer purely theoretical. Building on this development, Daodu shared model-driven forecasts for XRP, drawing comparisons between various AI systems and their respective approaches to weighing catalysts and risks. XRP Forecasts Watch According to Daodu, ChatGPT points to a measured recovery under base conditions. The model places XRP in a $2.50 to $3.00 range by August 2026, while also flagging $1.50 as a key level XRP needs to hold for the prediction to remain on track. Currently, the altcoin is trading well below that level, having retraced to $1.32 per token. Still, Daodu said that the rationale centres on exchange-traded fund (ETF) inflows and growth in Ripple’s payment corridor. In a more bullish scenario—assuming ETF inflows and corridor growth accelerate meaningfully through the second half of the year—ChatGPT sees upside to $5. Grok’s projections are more aggressive at the top end, according to Daodu. Grok’s base forecast lands between $2.50 and $2.80, but it lifts the upper target to $10 under the right conditions. Daodu reported that Grok links the $10 level to a scenario in which Bitcoin clears $100,000. Why $80 Could Happen By 2032? Claude’s outlook is described as more cautious, though it still leaves room for gains. The model’s base projection, Daodu said, calls for XRP to remain in the $1.35 to $1.65 range for the rest of 2026, with a 50% probability assigned to that outcome. Claude’s reasoning points to a familiar pattern: momentum can spark short-term rallies, but those moves may fade quickly if there is no fresh catalyst to extend the trend. At the same time, Claude’s longer-term view is more constructive than the base case. Related Reading: Treasury Secretary Urges CLARITY Act Passage, Saying The US Should Be Home For Crypto It leaves room for XRP to reach between $8 and $14 if ETF inflows exceed $10 billion and banking adoption accelerates. Still, Claude stresses that price alone cannot carry XRP to those levels; the market would need sustained demand drivers to support the move. Among the models Daodu reviewed, Vincent Van Code’s AI forecast is presented as the boldest. Rather than focusing on a single near-term target, Vincent Van Code maps a year-by-year trajectory that reaches $80 by 2032. The foundation for that call is Ripple CEO Brad Garlinghouse’s projection that 30% of Ripple Treasury’s $13 trillion annual payment flow could move on-chain within five years. For 2026 specifically, the AI model targets price targets ranging from $6 to $10.
29 May 2026, 17:30
Bitcoin ETFs Hit 9-Day Outflow Streak As Ethereum Funds Bleed For 13th Day
Spot Bitcoin ETFs extended their redemption streak on May 28, with another $229 million leaving the products as outflows across crypto-linked exchange-traded funds deepened. Spot Ethereum ETFs also remained under pressure, recording $121 million in net outflows and pushing their own withdrawal run to 13 consecutive trading days. Bitcoin ETFs See Ninth Straight Outflow The latest data from SoSoValue adds to a broader cooling in ETF demand after a period in which spot products became one of the market’s most closely watched liquidity channels. For Bitcoin funds, the May 28 outflow brought cumulative net inflows down to $55.79 billion, while total net assets stood at $94.25 billion. Daily trading volume across the spot Bitcoin ETF complex reached $2.36 billion. The nine-day Bitcoin ETF outflow streak has now removed about $2.84 billion from the products. The heaviest single-day redemption in the run came one session earlier, on May 27, when the funds lost $733.4 million. That followed a $333.7 million outflow on May 26 and a $648.6 million outflow on May 18, making the streak more than a minor one-day reversal. The last positive day before the current Bitcoin ETF sequence was May 14, when the products posted $131.3 million in net inflows. Since then, the data show a persistent shift toward redemptions, with every subsequent trading session through May 28 closing in negative territory. Total net assets have also fallen from $107.75 billion on May 14 to $94.25 billion on May 28, although that decline reflects both flows and underlying Bitcoin price movements. Ethereum ETF Streak Hits 13 Ethereum funds showed a similar, and proportionally sharper, pattern. Spot Ethereum ETFs saw $121.4 million in net outflows on May 28, bringing cumulative net inflows to $11.39 billion and total net assets to $11.30 billion. Daily trading volume stood at $691.3 million. The 13-day Ethereum ETF outflow streak has pulled roughly $694.6 million from the products since May 11. The largest daily loss in that sequence came on May 12, when the funds shed $130.6 million, followed by the May 28 outflow of $121.4 million. In percentage terms, the May 28 Ethereum ETF withdrawal was more pronounced than the Bitcoin ETF move, amounting to about 1.07% of total net assets, compared with roughly 0.24% for Bitcoin ETFs. The divergence in scale remains important. Bitcoin ETFs still hold far larger aggregate assets and maintain a much larger cumulative net inflow base, even after the recent redemption streak. Ethereum ETFs, by contrast, are operating from a smaller asset base, which makes nine-figure daily outflows more significant relative to the size of the market. The outflows came as macro conditions turned less favorable for non-yielding risk assets, with rising long-end Treasury yields pressuring expectations for Federal Reserve rate cuts and pushing investors toward a more defensive stance. At the same time, Bitcoin-specific support from major corporate buyers looked less forceful, with Strategy pausing fresh purchases after its preferred stock traded below par. At press time, BTC traded at $73,661.
29 May 2026, 17:12
Central banks push gold reserves to 26.6 percent high
🟡Central bank gold reserves hit a 30-year high at 26.6 percent. Private sector gold allocation more than doubled in the last five years. Continue Reading: Central banks push gold reserves to 26.6 percent high The post Central banks push gold reserves to 26.6 percent high appeared first on COINTURK NEWS .
