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ISLAMABAD — A Pakistani army helicopter crashed in Pakistan-controlled Kashmir due to a technical fault on Wednesday, killing all military personnel on board, the military said.
The military didn’t immediately disclose how many people were aboard the helicopter.
An Mi-17 helicopter of Pakistan Army Aviation crashed near Muzaffarabad today during take-off due to technical fault," the military's media wing said in a statement.
Rescue and recovery teams immediately reached the crash site,” the military said, adding that a board of inquiry had been ordered to determine the exact cause of the crash.
Residents in Muzaffarabad said that the helicopter was carrying an unspecified number of paramilitary Rangers deployed by the government for security duties in the region, where tensions have been high since the weekend, when members of an outlawed group attacked police and security forces, killing four personnel.
Pakistani President Asif Ali Zardari and Prime Minister Shehbaz Sharif expressed sorrow over the crash, paying tribute to those killed. In separate statements, they conveyed sympathies to the victims’ families.
Pakistan’s army chief, Field Marshal Asim Munir, also expressed deep sorrow over the loss of life and extended condolences to the families of those killed, according to the statement.
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As President Donald Trump searches for a way to reopen the Strait of Hormuz and curtail Iran’s nuclear ambitions, Washington and Tehran appear to be engaged in a standard negotiation.
Washington tends to view negotiations with Iran through the lens of power. Tehran views them through the lens of possession.
Washington aims to force Iran to succumb to demands through economic pressure and sanctions. Tehran aims to force the US to succumb after acquiring something valuable and refusing to give it back.
Twice over the last decade, I was involved in protracted negotiations with Iran for the release of American hostages held in Tehran’s notorious Evin Prison.
Hostage negotiations collapse power advantages. Iran understands this. It’s why Tehran, since the 1979 revolution, has repeatedly used hostages as bargaining chips with the US.
As a diplomat representing the most powerful country in the world, there was nothing in my hand to overcome the imbalance at the table. My counterparts possessed something we wanted (people), and they would hold onto it until we were prepared to pay a sufficient price.
Short of a hostage rescue operation, there was nothing Washington could do outside of paying an agreed price.
Time favored the Iranians. They felt little urgency. Their strategy was to wait as hostages suffered and pressure mounted on Washington to secure their freedom.
Seek to outlast the macro pressure and rising gasoline prices as economic pain compounds inside Tehran to some distant and uncertain breaking point.
Pay the up-front cost with billions to Iran in exchange for a return to status quo before the war — a humiliating retreat for Trump given the stated objectives at the outset.
Seek to control the strait militarily and renew major operations inside Iran, with risk that Tehran then seeks to expand the war to other fronts.
This is the dilemma of negotiating with a party that possesses what you want back.
Unless and until the leverage changes, Iran will not surrender it cheaply — and talks will remain as today: deadlocked.
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RAccording to Finance Ministry officials, the primary goal of these selective tax hikes is not merely to boost short-term revenue collection, but to stimulate domestic production capabilities during a period of foreign exchange volatility
According to internal sources within the National Board of Revenue (NBR), the underlying philosophy of the upcoming tax policy is "production over imports."
The strategy aims to reduce pressure on foreign exchange reserves by discouraging non-essential imports, while simultaneously helping local industries survive international competition.
To achieve this, the state has finalized plans to increase customs tariffs, value-added taxes (VAT), and supplementary duties on specific foreign goods
To drive self-reliance in the domestic agricultural and fisheries sectors, the government is building tariff walls to shield local farmers from uneven foreign competition
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The Nasdaq tumbled more than 3% at one point on Tuesday, helping to drag bitcoin (BTC) nearly all the way back to $60,000. An afternoon rally, however, narrowed the Nasdaq's decline to just 1%, and bitcoin bounced alongside, trading at $62,000 just after the market close.
Bounce or not, crypto-related stocks were clobbered across the board, with Coinbase (COIN) decining 4.1% and Strategy (MSTR) 8%. A notable outperformer was Galaxy Digital (GLXY), rising 7.1% as investors reassess the company's valuation in light of its rapid data center expansion.
Higher by more than 1% at the open, the Nasdaq has turned decidedly lower just ahead of the noon hour on the East Coast, now down 1.9% and below its close on Friday.
The drop can't be blamed on Middle East tensions as crude oil is at a session low, down 4% to $87.58 per barrel. Gold and silver are also taking part in the quick dive, each dropping more than 2% over roughly the past hour.
With the AI trade leading losses, bitcoin miners turned AI infrastructure players are all sharply lower. Hut 8 (HUT) is down 6.3%, MARA Holdings (MARA) 4.9%, and IREN (IREN) 8%.
If you look at bitcoin vs other assets, from a valuation perspective, it's cheap," says Jim Ferraioli, Schwab's director of crypto research (h/t Eric Balchunas).
Speaking at the Digital Assets Council of Financial Professionals conference, Ferraioli, said investors waiting for a specific catalyst, such as the passage of the Clarity Act, may find it too late.
There is a fundamental mismatch between the growth of money in the economy and the amount of bitcoin available to buy," said Ferraioli. "So what we look for when you want to be long crypto is when you expect an expansion of money and liquidity. The U.S. debt is larger than the US economy, and there’s historically one way govts get out of that situation: monetary inflation."
Crypto prices have returned to familiar territory on Tuesday, headed lower as risk markets across the globe are in rally mode.
Trading at $62,500, bitcoin (BTC) is down 1% over the past 24 hours and lower by nearly 3% from Monday's high.
Shortly before the U.S. market open, Nasdaq 100 futures are higher by 0.9%, tacking on to yesterday's 1.5% gain. WTI crude oil is down 2.15% to $89.34 per barrel as investors continue to price in what might be the end of the Iran conflict.
Possibly dragging on bitcoin on Tuesday was a $36 million exploit of the Humanity Protocol and its H token. Bitcoin maxis, however, might say the opposite — that the Humanity attack (and numerous other incidents against other chains in recent weeks) shows why "there is no second best."
There isn't much expected in the way of macro news on Tuesday, but May U.S. inflation data is on tap for the U.S. on Wednesday. With interest rate traders now convinced the next Fed move will be a rate hike, a downside surprise could make things interesting.
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USDT's dominance rate has flashed a golden crossover in a sign of caution for the broader crypto market.
USDT's dominance rate, which measures its share of the total crypto market cap, is sporting a golden crossover, a technical signal that indicates the dollar-pegged token's allocation may increase in the weeks ahead.
At $186.84 billion, the Tether-issued token trails only bitcoin and ether (ETH) in market cap. It is designed to trade 1:1 against the U.S. dollar and is widely seen as a dollar-equivalent asset, a sort-of tokenized version of the greenback.
That's a negative signal for bitcoin because it implies crypto market participants are shifting their funds into a token whose value doesn't fluctuate against the dollar, rather than piling into riskier investments.
Its dominance rate tends to rise when the price of bitcoin falls, reflecting capital rotation out of more speculative investments into dollar equivalents, a classic risk-off move, much like in traditional finance.
Last week offered a clear glimpse of that dynamic. USDT's dominance rate surged 13.5% to 9%, the biggest single-day jump since March 2025, as the bitcoin price fell almost 14%, briefly dipping below $60,000.
The golden cross, in which the 50-week moving average overtakes the 200-week average, suggests this rotation may not be over because it's a sign that momentum in USDT's share of market cap is becoming more bullish.
In other words, risk aversion across the broader crypto market could deepen, driving continued capital flows into USDT
It is worth noting that the capital sitting in the stablecoin may not simply be waiting for the right moment to re-enter the market. Investors may convert their holdings to fiat and leave the crypto market altogether.
That appears to be what happened last week. While USDT's dominance rose sharply, its market cap fell for a third consecutive week. That combination suggests a meaningful portion of the capital did not stay there. More likely, it left the crypto market entirely.
The golden cross arrives alongside bitcoin's worst weekly performance in months, persistent outflows from spot U.S. exchange-traded funds (ETFs) and growing competition from AI stocks for institutional capital.
Until USDT's dominance starts reversing, signaling capital rotating back into risk assets, the path of least resistance for bitcoin and the broader market may remain to the downside.
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The launch comes as crypto companies increasingly focus on tokenizing traditional financial assets, a market many in the industry see as a major growth opportunity.
Streamex, a company focused on tokenizing commodity-based assets, will be the first issuer to use the new system, according to Orca. The company said in a press release shared with CoinDesk that its tokenized gold-linked security, GLDY, will be the first regulated asset to trade through Orca’s new infrastructure.
The launch marks an expansion for Orca beyond pure crypto trading and into infrastructure for tokenized financial assets. This comes as crypto companies increasingly focus on tokenizing traditional financial assets, a market many in the industry see as a major growth opportunity.
Under the new setup, investors must complete know-your-customer (KYC) checks before they can buy, hold or trade regulated tokens. Issuers can also decide who is eligible to access their assets, with Orca’s system automatically enforcing those rules onchain.
The trading pools run on Orca’s existing liquidity infrastructure, while the exchange’s interface will show users whether an asset has restrictions and whether they qualify to trade it.
Orca has spent five years building the liquidity infrastructure that Solana’s market structure runs on,” said Orca CEO Michael Hwang in a press release. “As tokenized equities, funds and real-world assets arrive onchain at exponential rates, issuers need more than a place to list.”
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Compare that with the first week of February, when bitcoin suffered a similar crash to $60,000. Back then, outflows were just $318 million, but the total weekly volume was $46.15 billion in a clear sign of panic and capitulation, reflecting a fiercely contested market with active participation from both bulls and bears.
That wasn’t the case last week, when outflows accelerated amid subdued trading volume. The combination suggests a steady exodus rather than a shock-driven capitulation that typically marks local bottoms.
As such, the sustainability of bitcoin's bounce is questionable. A dramatic resurgence in ETF demand might be needed to put the price on a convincing upward trajectory
That probability appears low, as looming initial stock sales from SpaceX and Anthropic, two of the largest IPOs in history, could keep sucking liquidity out of broader markets, including crypto.
Further, this week's U.S. inflation data for May, expected to show the cost of living rose above 4%, could add to volatility in both bonds and the broader financial market. Stay alert!
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As the race to build ever more powerful artificial intelligence systems accelerates, one of the industry's leading players is urging the world to consider a possibility that until recently belonged largely to science fiction: machines improving themselves without human intervention.
Anthropic, the AI company behind Claude, said on Thursday that the ability to slow the pace of frontier AI development could prove valuable as the technology approaches capabilities that may fundamentally reshape society.
The warning came in a blog post authored by Marina Favaro, head of Anthropic's internal research institute, and company co-founder Jack Clark.
The post disclosed internal research showing that the firm's most advanced models are progressing rapidly and could eventually move toward what researchers call "recursive self-improvement" — a scenario in which AI systems become capable of enhancing their own capabilities.
The company stressed that such a threshold has not yet been reached and may never be achieved.
However, it argued that the possibility is becoming serious enough to warrant preparation.
AI that can build itself would be a major development in the history of technology—one that could bring enormous good for the world in science, healthcare, and beyond," the post said.
Anthropic acknowledges that any effort to pause or slow AI development would only work if major players participated.
The company therefore, proposed exploring international agreements and verification mechanisms designed to ensure compliance.
However, it also admitted that monitoring AI development could be considerably harder than enforcing traditional arms-control agreements.
Training runs are far easier to conceal than missile silos," the blog post noted.
The company warned that any actor continuing development while competitors paused could gain a significant advantage, making coordination exceptionally difficult.
For now, Anthropic plans to organize discussions with policymakers, researchers, and industry leaders to examine how recursive self-improvement should be studied and whether mechanisms for coordinated slowdowns could ever be practical.
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The red-hot Roundhill Memory ETF (DRAM) is firing on all cylinders amid the rising demand for its constituent companies. It jumped to a record high of $62 this week, up by 120% from its all-time low. This surge, together with its robust inflows, have brought its assets under management (AUM) to $12.18 billion, making it the fastest-growing ETF ever.
The Roundhill Memory ETF is doing well this year, helped by the ongoing demand for memory amid the AI boom that has led to a global shortage. This shortage has led to robust revenue growth and profitability in the industry.
Most notably, analysts believe that the shortage will last for a while as companies are not in a position to ramp up production in the near term.
The most recent results showed that companies in the DRAM ETF are experiencing a revenue surge. For example, South Korea’s SK Hynix said that its revenue jumped by 60% QoQ and 198% YoY to 52 trillion KRW ($37.8 billion).
It also improved its balance sheet, with its cash rising to KRW 54.3 trillion from KRW 14.3 trillion in Q1’25, while its debt dropped from KRW 23.3 trillion to KRW 19.32 trillion.
The same happened with Samsung Electronics, whose revenue jumped by almost 50x, while its operating profit in its chip division rose to KRW 53.7 trillion ($36.15 billion) from KRW 1.1 trillion in the same period last year.
Other companies in the ETF like Micron, Sandisk, Seagate, and Western Digital also published strong results, and this trend will continue. For example, analysts expect that Sandisk’s revenue will jump by 165% this year to $20 billion, followed by $42 billion next year.
Similarly, analysts believe that Micron’s revenue will surge 193% this year to $109 billio and $173 billion next year. Seagate is expected to make $12 billion and $16 billion in the next two financial years.
The DRAM ETF faces some major risks ahead. One of them is the fact that it has climbed to fast. In most cases, assets that surge like this are usually vulnerable to pullbacks. Technically, this retreat normally happens because the assets get highly overbought.
Concentration is the main risk that this ETF faces as the top three companies account for 77.7% of the fund. SK Hynix accounts for 29.9%, while Micron and Samsung account for 28% and 19.7% of the fund.
This concentration means that the DRAM stock price will continue doing well as long as the three companies are thriving. The risk, however, is that a major issue in one of the three companies will drag it substantially. One of the potential risk is earnings. While their numbers are expected to surge, an earnings or guidance miss can lead to a strong reversal.
This concentration is enormous. For example, the ten biggest companies in the Nasdaq 100 Index account for 46% of its value. Similarly, the ten biggest in the S&P 500 Index account for 38%.
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The legislation, now Chapter 93 of the 2026 Session Laws, takes effect Aug. 1, 2026. It applies only to services offered on or after that date
Under the new law, qualifying institutions may provide virtual-currency custody services, which cover safekeeping, controlling, or administering digital assets in a fiduciary, custodial, or non-fiduciary capacity. The law does not permit banks to trade, invest, or lend those assets.
Rep. Bernie Perryman (R-St. Augusta) sponsored the House version. He said the bill ensures Minnesota-based financial institutions are able to evolve alongside their customers rather than forcing Minnesotans to rely on out-of-state or offshore providers.
Institutions opting in must provide 60 days’ written notice to the Minnesota Department of Commerce before launching services. They must also maintain written policies covering risk management, internal controls, cybersecurity, business continuity, and regulatory compliance
Customer assets must be held separately from an institution’s own holdings. Banks and credit unions may use qualified third-party service providers but retain full compliance responsibility. The Department of Commerce can prohibit or restrict the activity if it determines the service is unsafe or unsound.
Local institutions cited direct member demand as a driver. St. Cloud Financial Credit Union reported that roughly 20% of its members already hold virtual currency but lack trusted local custody options, often turning to unregulated or out-of-state platforms.
The Minnesota Credit Union Network and the Department of Commerce supported the bill, pointing to consumer protection, competitive positioning, and alignment with existing federal guidance permitting banks to offer custody services.
The House passed HF 3709 on April 30, 2026, by a 130-4 vote. The Senate passed an amended version on May 6 by a 51-16 margin. The House concurred with Senate amendments on May 11 by a 119-6 vote before the bill went to the governor.
The custody law arrives alongside a separate measure signed May 5, 2026, that bans virtual-currency kiosks statewide. That legislation, SF 3868, targets crypto ATM fraud aimed at seniors and requires operators to wind down existing machines by Aug. 1.
Together, the two laws reflect a calculated approach: regulated institutions gain a new service line, while unregulated, high-risk channels face removal.
The custody authorization is opt-in. No institution is required to offer the service. It does not alter Minnesota’s money transmission licensing framework or expand bank authority into broader crypto activities.
Minnesota joins a growing list of states carving out regulated crypto custody roles for community banks and credit unions as digital asset ownership spreads among retail consumers.
The full enacted text is available at the Minnesota Revisor of Statutes website under Session Law Chapter 93.
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ALLOUSDT - Allora Perp price analysis 👇
Current Price: $0.18552 = Rs 51.52
24h Change: +104.61% 🔥 Doubled in a day
Key Levels from the chart:
1. 24h High: $0.19784 - currently trading near this level
2. 24h Low: $0.08876 - means it's up ∼109% from the low
3. Mark Price: $0.18555 - equal to last price, funding is safe
Volume:
- 24h Vol ALLO: 2.80B tokens - very heavy volume
- 24h Vol USDT: 420.97M - strong buying pressure
What's the trend saying:
It's clear on the 1D candlestick. It was sideways around $0.08 until May 25, then pumped up to $0.19784 with one big green candle. This breakout + high volume = looks like a FOMO pump.

Diversification is a fundamental principle of any investment strategy. Yet in a rapidly changing economic world, traditional tools are reaching their limits. Cryptocurrencies offer a credible alternative, provided they are supported by a secure and suitable framework.
For a long time, balanced portfolios relied on a mix of stocks, bonds, and cash. This model, seen as robust, helped reduce risk by leveraging market cycles. But recent years have challenged this approach.
Geopolitical tensions, persistent inflation, interest rate volatility, and macroeconomic uncertainty have raised questions about traditional indices like the S&P 500 or Nasdaq. Moreover, the strong correlation between certain asset classes has diminished the benefits of diversification.
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Cardano strengthens Plutus with five performance and cryptography oriented CIPs. These additions come as the smart contracts on the Cardano blockchain are becoming central in the network’s evolution. They involve CIP-109, CIP-132, CIP-133, CIP-138, and CIP-153, which not only change some parameters but expand what developers can do directly on-chain.
The Cardano Preview test network switched on May 8, 2026, to protocol version 11. This activation makes the new primitives available for Plutus development tests. It is thus a real validation phase, not just a simple technical announcement.
The van Rossem hard fork does not aim to change Cardano’s identity. It is an intra-era hard fork. In other words, the network stays within the same era without fundamentally changing the form of transactions. The idea is more modest: to improve Plutus, ledger consistency, and node security.
This is an important signal for operators. Exchanges, pools, indexers, and infrastructure providers must align. In a network like Cardano, the success of a hard fork depends less on media noise than on silent coordination among technical agents.
Cardano thus plays a very classic but solid card: improving the foundation before promising the explosion of uses. Plutus gains power. The network gains consistency. Now remains to see if these primitives will really strengthen Cardano’s crypto ecosystem and give developers new tools visible to users.
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