Nvidia (NASDAQ: NVDA) posted an earnings beat, but the stock moved lower immediately afterward, with revenue up 85% and shares falling 2.3% in after-hours trading. The decline later narrowed, yet the stock was still down around 2% at press time, as investors weighed elevated expectations, crowded AI positioning, and questions about how fast growth can continue.

On Thursday, U.S. lawmakers introduced the American Reserve Modernization Act (ARMA) of 2026 to create a Treasury-run Strategic Bitcoin Reserve and a separate federal Digital Asset Stockpile for non-Bitcoin holdings. The proposal would consolidate custody of seized crypto and, citing Bitcoin Treasuries data, formalize management of 328,372 BTC valued at more than $25 billion while requiring BTC in the reserve to be held for at least 20 years.

Options activity in IBM surged after news it could receive $1 billion from the U.S. Commerce Department to support quantum computing. Nearly 200,000 contracts traded, about 15 times the 30-day daily average, with calls leading puts by almost 8:1. One large trade spent $2.7 million on more than 500 Dec. 15, 2028 260-strike calls, implying a move above $312 by expiry.

Former Ethereum Foundation developer Dankrad Feist said Thursday that the Ethereum community should create a new organization to support ETH, calling for at least $1 billion in funding. He argued the entity should be economically aligned with Ethereum, funded partly by staking revenue, and governed by a more accountable board as ETH’s market cap sits above $250 billion.

Prediction-market traders are betting that SpaceX, OpenAI and Anthropic could enter public markets at trillion-dollar-plus levels, potentially topping Berkshire Hathaway's roughly $1.03 trillion market cap. SpaceX filed to list on Nasdaq on Wednesday, while reports the same day said OpenAI may seek a confidential IPO filing as soon as Friday and that Anthropic could post a first profitable quarter.

Market analyst Matt Hughes says Ripple's XRP is forming a breakout structure but still needs a decisive close above the $1.51 resistance zone. He cites repeated rejections over the past four months, with recent peaks at $1.54 on May 14 and prior pushes to $1.65 after a Feb. 6 low near $1.10 and to around $1.60 on March 17. If confirmed, Hughes flags $2.71 as the next key resistance, while commentator Celal Kucuker argues a full breakout could extend toward $15.

Grok AI forecasts gold could trade in a $5,500 to $6,300 per ounce zone by the end of 2026, after a sharp run-up and a subsequent pullback. The model frames continued central-bank buying of over 800 tonnes annually, along with constrained mine supply, as key supports, while outlining a downside consolidation scenario around $4,000 to $4,400.

Blockchain.com has confidentially filed for a US initial public offering, signaling another attempt by infrastructure-focused firms to re-enter public markets. The company said on 21 May it submitted a draft Form S-1 to the US SEC for a proposed IPO of its Class A ordinary shares, without disclosing share count or valuation. The filing arrives as IPO discussions intensify across AI, fintech, and crypto infrastructure after a prolonged slowdown.