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Key takeaways:Over-leveraged Bitcoin short positions between $63,000 and $66,000 have created a potential $2.6 billion squeeze trap for bears.Negative perpetual funding rates indicate that bulls have fully deleveraged, significantly reducing downside risk.The Bitcoin (BTC) crash to $61,100 on Friday wiped out $335 million in leveraged long positions. However, after a 21% decline in Bitcoin’s price, bulls might have set a perfect trap as negative market sentiment intensified. Bearish positions built up heavily between $63,000 and $66,000, setting the stage for a potential $2.6 billion short squeeze.Estimated cumulative Bitcoin liquidation at major exchanges, USD. Source: CoinGlassEstimated liquidations for a further 8%…

The Knicks already did the hardest thing a road team can do to start an NBA Finals series. They took Game 1. Now comes the harder part for any team riding the high of a road win, convincing itself nothing has been taken yet. The Knicks lead the Finals after a 105-95 win over the San Antonio Spurs in the opener, but their public message entering Game 2 has been almost stubbornly plain. They haven’t talked like a team carrying a 12-game postseason winning streak. They haven’t acted like one win in San Antonio gave them anything beyond the right…

SpaceX has lined up another compute deal ahead of its historic IPO, this time with Google. The company announced the deal in a regulatory filing on Friday. Under the terms of the deal, Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to “approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components.” The deal is similar in length and scope to the one SpaceX announced with Anthropic in late May. As part of that deal, Anthropic agreed to pay SpaceX $1.25 billion per month through 2029 to rent all the available compute…

Fans of Demon Slayer: Kimetsu no Yaiba looking for some new swag to represent their favorite series are in luck, as a collection of new T-shirts featuring iconic battles from the series is coming soon. Koyoharu Gotouge’s dark fantasy series became an instant hit following its serialization in Weekly Shonen Jump in 2016, and its 2019 anime adaptation and subsequent films transformed Tanjiro’s story into a global phenomenon. While new Demon Slayer content has waned, the fandom remains dedicated, with new merchandise and crossovers seeming to be announced every week. While Demon Slayer instantly became a hot topic internationally following…

Strategy’s sale of 32 Bitcoin shouldn’t have mattered. The company still holds hundreds of thousands of BTC, and the transaction barely moved the needle on its balance sheet. Yet the market reaction was swift, exposing how much of the Bitcoin treasury trade had been built on a simple assumption: companies buy Bitcoin… and they never sell it.Elsewhere in crypto this week, JPMorgan CEO Jamie Dimon escalated his fight against the industry’s preferred market structure bill and a French Bitcoin treasury company pushed the limits of capital formation by asking shareholders to approve a massive $122 billion fundraising mandate.Strategy’s Bitcoin sale…

City Hall has given the green light for a massive watch party outside Madison Square Garden to cheer on the Knicks in Game 2 of the NBA Finals on Friday. The NYPD is expecting to flood the area with 1,000 cops to ensure rabid fans don’t break the law. Two other watch parties will also be held in Manhattan on Friday, one inside Madison Square Garden and one in Central Park, Police Commissioner Jessica Tisch said during an unrelated press conference. “Let me be very clear. We will have no tolerance for violence,” Tisch said, “particularly violence against police officers,…

Rep. Hakeem Jeffries Friday told President Trump to stay away from Knicks games as the city’s beloved hoops team battles for its first NBA Finals title in 53 years. With the city united behind the streaking Knicks, Jeffries called on Trump not to show up at Madison Square Garden, when the series with the San Antonio Spurs comes to New York for Game 3 on Monday. “Why does Donald Trump always have to ruin a good thing?” the lifelong Knicks fan told CNN. “Like, literally, the Knicks haven’t been in the NBA finals for 27 years. The city is trying…

Across the industry, companies are starting to balk at the price of AI. Uber blew through its entire 2026 AI coding budget by April. Microsoft revoked its developers’ Claude Code licenses months after enabling them. A Priceline employee told TechCrunch that a routine Cursor contract renewal came back 4-5x more expensive. Even though per-token prices have fallen, the push for more AI adoption and increasingly autonomous agents have driven token consumption higher and higher. Companies that gorged themselves in early 2025 on all-you-can-eat subscriptions are now scrambling to understand where their money is going, pull back spending, and figure out whether…

A 98-year-old man beloved by his Brooklyn neighbors was punched and beaten with a broomstick and a metal chair by a woman during an attack fueled by an argument over a political flyer, police said Friday. The attack comes as the NYPD investigates a troubling string of chilling assaults against older New Yorkers. Cops have released a video of the woman in the hopes someone recognizes her. The senior citizen had just entered his building near the corner of Maple St. and Rogers Ave. in Prospect-Lefferts Gardens just before 4 p.m. Thursday when he got into an argument with a…

While the AI fundraising machine keeps breaking its own records, some founders are building in the other direction.  Mirror founder Brynn Putnam just raised money for Board, a startup focused on bringing people together through in-person games and social experiences. Cyberdeck creators are going viral crafting whimsical DIY computers that literally encourage users to touch grass. Unlike the AI-free browser crowd, this doesn’t just feel like backlash, but also people genuinely gravitating toward things that feel a little more human.  On this episode of TechCrunch’s Equity podcast, Kirsten Korosec, Anthony Ha, and Sean O’Kane dig into the week’s headlines, from the “together tech” wave to what Anthropic’s confidential IPO filing means against the backdrop of Alphabet’s $80 billion AI raise,…