hodler

9 Jun 2026, 01:36

Meta to launch skilled trades program academy to train and create jobs in AI data center construction

Tech and AI giant Meta is spending $115 million to create a free training program for skilled tradespeople, offering guaranteed jobs to graduates who will help in building the company’s expanding network of AI data centers all over the United States. The program, labeled the America’s Workforce Academy (AWA), will pilot this year in Louisiana, Ohio, Indiana, and Texas, according to a company announcement on June 8. Meta has called the budding program the largest private-sector commitment to skilled trades training with a job guarantee in U.S. history. Meta academy offers plenty Graduates will receive two credentials after training with the academy, with one from the National Center for Construction Education and Research (NCCER) and an America’s Workforce Certificate, all without paying a single dollar. Both certificates are designed to be portable across employers and industry sectors. The program will also provide generalist training for data center technicians. Graduates will fill full-time roles with general contractors working on Meta’s data center buildout, although there were no specific numbers mentioned regarding positions available and possible hiring firms involved. The Associated Builders and Contractors (ABC), one of Meta’s partners on the initiative, has also mentioned that it expects to train thousands of people over the course of the program. $115 million only the beginning The $115 million first-year investment is a fraction of the $600 billion Meta has pledged to spend on U.S. infrastructure and jobs over the next three years, according to Reuters. This level of spending is tied to CEO Mark Zuckerberg’s push to build massive data centers powering AI assistants that can act autonomously on behalf of users, which Zuckerberg himself has called “personal superintelligence.” Meta ‘s own prior training effort, a fiber installation program called Level-Up, got 35,000 applications in its first seven days. The U.S. labor market needs hundreds of thousands of electricians, welders, plumbers, fiber technicians, and other tradespeople, and these initiatives are intentionally directed at closing that workforce gap, the company said. However, ironically, data centers historically tend to generate far more temporary construction work than permanent employment. A Meta data center in Texas where the company broke ground last year is projected to have more than 1,800 workers on site during peak construction but roughly only about 100 jobs once operational, Reuters noted . A similar AI facility in Oklahoma follows the same pattern. Partners for AWA initiative Meta is working with the National Urban League, the ABC, and CBRE on the program. Community partners include the U.S. Hispanic Chamber of Commerce, STRIVE, and regional economic development organizations in the four pilot states, according to the announcement . “Workers are actually paid to learn. There is zero cost to them, no college debt and a fast certification, with a guaranteed job on the other end,” mikeroweWORKS Foundation CEO Mike Rowe said in Meta’s announcement. National Urban League President Marc H. Morial also framed the initiative in equity terms, saying AWA “opens doors, particularly for communities who historically have been excluded from opportunity.” Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

9 Jun 2026, 01:10

Arthur Hayes Warns AI Bubble Collapse Could Trigger Crypto Market Downturn

BitcoinWorld Arthur Hayes Warns AI Bubble Collapse Could Trigger Crypto Market Downturn BitMEX co-founder Arthur Hayes has issued a stark warning that a potential collapse of the artificial intelligence (AI) stock bubble could trigger a downturn in the cryptocurrency market. In a recent blog post titled Reality Test , Hayes outlined a scenario where rising oil prices, stemming from geopolitical tensions between the United States and Iran, act as the catalyst for a broader market correction. Oil Prices as the Catalyst Hayes specifically pointed to the ongoing situation in the Strait of Hormuz, a critical chokepoint for global oil shipments. He suggested that if restrictions on passage through the strait persist beyond the second quarter, spot prices for crude oil and other major commodities could see a significant rise in the third quarter of this year. Such an increase, he argues, would fuel inflationary pressures, making energy costs a central issue in the upcoming U.S. midterm elections. Political Pressure on AI and Data Centers The former BitMEX CEO posits that a surge in inflation driven by higher oil prices could prompt political action. He suggests that President Donald Trump might respond by tightening regulations and imposing new taxes on data center investments and the broader AI industry. According to Hayes, this regulatory pressure would be the trigger for the AI stock bubble to burst, as markets begin to price in these potential restrictions. The AI sector has seen massive capital inflows over the past year, largely fueled by enthusiasm for generative AI technologies. Implications for the Crypto Market Hayes draws a direct line from a potential AI stock crash to the cryptocurrency market. He believes that a significant downturn in tech stocks would create a risk-off environment that would also negatively impact digital assets. However, he notes that this is a tactical view. Hayes confirmed that he continues to hold his core positions in Bitcoin (BTC) and Ethereum (ETH) but plans to use derivatives to establish tactical short positions if the scenario he describes begins to materialize. This distinction between long-term conviction and short-term hedging is a key nuance for investors to consider. Conclusion Arthur Hayes’ analysis presents a complex, interconnected view of global macroeconomics, geopolitics, and financial markets. While his scenario remains speculative, it highlights the growing sensitivity of both tech and crypto markets to external shocks like energy prices and political intervention. For investors, the key takeaway is the potential for a cascading effect, where a geopolitical event in the Middle East could ripple through oil markets, tech stocks, and ultimately, the crypto space. The coming months will reveal whether these warnings are prescient or premature. FAQs Q1: Why does Arthur Hayes believe the AI bubble will burst? Hayes argues that rising oil prices from a US-Iran conflict could cause inflation, leading the US government to impose stricter regulations and taxes on the AI industry and data centers, which would pop the current speculative bubble in AI stocks. Q2: How could an AI stock crash affect the crypto market? Hayes suggests that a significant sell-off in AI and tech stocks would create a broader risk-off sentiment in financial markets, likely dragging down risk assets like Bitcoin and Ethereum in the short term. Q3: Is Arthur Hayes selling his Bitcoin and Ethereum? No. Hayes has stated he is holding his core Bitcoin and Ethereum positions. However, he plans to use derivatives to place tactical short bets against the market if his predicted scenario unfolds, allowing him to profit from a downturn without selling his long-term holdings. This post Arthur Hayes Warns AI Bubble Collapse Could Trigger Crypto Market Downturn first appeared on BitcoinWorld .

9 Jun 2026, 01:07

Bitcoin Price Stumbles Near $64K—Was The Rebound Just A Trap?

Bitcoin price started a recovery wave above the $62,500 zone. BTC is consolidating and might aim for more gains if it clears the $64,000 resistance zone. Bitcoin started a recovery wave and climbed above $62,000. The price is trading above $62,200 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $62,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $64,000 zone. Bitcoin Price Recovery Faces Resistance Bitcoin price remained supported above the $60,500 zone. BTC formed a base and settled above $61,500 to start a recovery wave. There was a move above the $62,200 and $62,500 levels. The price even surpassed the 23.6% Fib retracement level of the downward move from the $74,100 swing high to the $59,106 low. However, the bears seem to be active near $64,000. The price is again moving lower below the $63,200 level. Bitcoin is now trading above $62,500 and the 100 hourly simple moving average . Besides, there is a bullish trend line forming with support at $62,500 on the hourly chart of the BTC/USD pair. If the price remains stable above $62,500, it could attempt a fresh increase. Immediate resistance is near the $63,500 level. The first key resistance is near the $64,000 level. A close above the $64,000 resistance might send the price further higher. In the stated case, the price could rise and test the $65,500 resistance. Any more gains might send the price toward the $66,500 level or the 50% Fib retracement level of the downward move from the $74,100 swing high to the $59,106 low. The next barrier for the bulls could be $68,000. Downside Continuation In BTC? If Bitcoin fails to rise above the $64,000 resistance zone, it could start another decline. Immediate support is near the $62,500 level. The first major support is near the $62,200 level. The next support is now near the $61,500 zone. Any more losses might send the price toward the $61,000 support in the near term. The main support now sits at $60,000, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $62,500, followed by $62,000. Major Resistance Levels – $64,000 and $65,500.

9 Jun 2026, 01:00

Strategy Erases Last Week’s Bitcoin Sale With 1,550 BTC Purchase

Bitcoin treasury firm Strategy has already more than made up for last week’s 32 BTC sale as it has announced a new major acquisition. Strategy Has Just Added To Both Bitcoin And USD Reserves In a new post on X, Strategy co-founder and chairman Michael Saylor has shared details related to the latest Bitcoin acquisition completed by the treasury company. With this purchase, the firm has expanded its reserves by a total of 1,550 BTC. The buy has come just a week after Strategy shocked the market with a sale of 32 BTC , ending a long accumulation streak since late 2020. While the scale of the sale was small, the fact that such a resolute buyer of the asset participated in selling was enough to affect sentiment in the sector, with BTC observing a major price drawdown. The return to accumulation just one week later, however, has already completely reversed the effect that the sale had on Strategy’s holdings. Following this purchase, which cost about $101 million, the firm’s reserves have grown to 845,256 BTC, which is a new record. In his usual Sunday X post, Saylor already foreshadowed a continuation of buying for Strategy, sharing the company’s BTC portfolio with the caption, “A good time to add more dots.” Phong Le, the firm’s CEO, quote-reposted the post, noting, “Our corporate @Strategy is to increase net Bitcoin and Bitcoin per share over time. Rumors otherwise are just rumors.” The latest Bitcoin purchase has also arrived with an addition to Strategy’s USD reserves. The firm established this reserve last year with the aim of creating a buffer that would allow timely dividend payments regardless of market conditions. According to Saylor, the company has just added another $100 million to this reserve, taking its total value to $1 billion. Earlier, the reserve had a notably higher value than this, indicating that the firm has been relying on it to pay dividends amid the current market downturn. The 8-K filing with the US Securities and Exchange Commission (SEC) suggests that Strategy fueled the new Bitcoin buy with sales of its MSTR at-the-market (ATM) stock offering. The USD reserve has been funded similarly, although the filing noted that the $100 million expansion amount includes cash proceeds that are yet to be settled. In some other news, the US Bitcoin spot exchange-traded funds (ETFs) posted another week of net outflows last week, according to data from SoSoValue . A total of $1.72 billion left these funds with this red netflow spike. From the chart, it’s visible that this was the fourth consecutive week of negative netflows for the Bitcoin spot ETFs. BTC Price At the time of writing, Bitcoin is floating around $63,400, down nearly 12% in the last seven days.

9 Jun 2026, 01:00

Bitcoin Crash To $30,000? China Mining Giant Says Strategy Can Survive

Jiang Zhuoer, CEO of BTCTOP and one of China’s best-known Bitcoin mining figures, pushed back against fears that Strategy could become a major forced seller of BTC, arguing that the company’s balance-sheet risk remains manageable even under a severe Bitcoin drawdown. In a post on X, Jiang said he does not believe MicroStrategy, now Strategy, will “substantially net sell BTC,” pointing to a group discussion he shared on the company’s liabilities, STRC interest payments, funding structure and market concerns. The comments come as investors debate whether Strategy’s Bitcoin-backed capital markets model could come under pressure if BTC weakens further or if demand for STRC remains fragile. Bitcoin Panic Over Strategy Overblown? At the center of Jiang’s argument is the distinction between selling some Bitcoin and becoming a net seller of Bitcoin. He argued that a limited sale of older, low-cost BTC could be used to demonstrate realized investment gains, support STRC-related payments and reassure traditional investors without changing the broader accumulation strategy. Related Reading: Bitcoin’s “Electrical Cost” Suggests Possible Bear Market Floor Near $50,000 — Analyst “MicroStrategy will not significantly net-sell its coins,” the translated group discussion stated. “He already explained the reason for the last coin sale in an interview. He wanted to sell STRC.” According to the discussion, Strategy’s logic rests on the assumption that Bitcoin’s long-term appreciation can support the cost of STRC funding. The message attributed the thesis to a calculation that BTC can compound at around 30% annually, while using roughly 10% to pay interest would still leave sufficient room for the strategy to work. The concern, however, is not simply whether Strategy owns enough Bitcoin. It is whether the firm’s financing structure looks credible to traditional investors. The discussion framed the market’s core worry bluntly: if later STRC proceeds are used to pay earlier STRC interest, critics could view the model as resembling a Ponzi-like funding loop. That is why, in Jiang’s view, selective Bitcoin sales may be necessary rather than alarming. Selling some of the earliest and cheapest BTC would allow Strategy to show accounting gains. Those gains could then be used to pay STRC interest, while newly raised STRC proceeds are deployed into additional Bitcoin purchases. If the new BTC purchases are several times larger than the old BTC sold, Jiang argued, Strategy remains a net buyer. “So MicroStrategy has to sell some of the earliest and cheapest Bitcoin it bought,” the translated discussion said. “That way, accounting-wise, it can show investment gains. Then using the investment gains from selling Bitcoin to pay STRC interest becomes completely reasonable.” Related Reading: Bitcoin’s Great Wealth Transfer May Fuel Next Rally, Says CryptoQuant CEO Jiang also pushed back against fears that Strategy’s liabilities could spiral if STRC trades below par. He said the current debt-to-asset ratio is only about 5%, and characterized STRC’s discount as a short-term market sentiment issue rather than a sign of insolvency risk. In the worst case, he argued, several months of continued payments could restore confidence in the instrument. The discussion used a real estate analogy to explain the point. If a borrower owns $10 billion of houses and has borrowed $500 million, lenders may still worry if the borrower insists the houses can never be sold. But if the borrower shows willingness to sell one house to cover interest, the risk profile changes. “After all, I have 10 billion worth of houses, and I only borrowed 500 million,” the translated message said. “As long as I’m willing to sell houses, there absolutely won’t be a situation where I can’t repay 500 million. That is why MicroStrategy has to start selling coins: to borrow more money and buy more coins.” Jiang’s argument also distinguishes STRC holders from Bitcoin holders. In his view, STRC buyers are not primarily betting on BTC upside; they care whether Strategy is willing and able to pay dividends. If the company shows that it can monetize BTC when needed, that may reduce the biggest concern among STRC investors. At press time, BTC traded at $63,468. Featured image created with DALL.E, chart from TradingView.com

9 Jun 2026, 00:55

Humanity Token Plunges 88% After $20M Hack, On-Chain Data Reveals

BitcoinWorld Humanity Token Plunges 88% After $20M Hack, On-Chain Data Reveals A significant security breach has hit the Humanity (H) token ecosystem, with a hacker siphoning over $20 million from token holders, according to on-chain analyst Specter. The incident, which unfolded rapidly, has triggered a dramatic sell-off, with the token’s price crashing 88% in the past 24 hours to trade at $0.08257. Details of the Exploit Blockchain security researcher Specter reported the breach via on-chain data, noting that the attacker has already swapped approximately $9 million of the stolen funds for Ethereum (ETH). The conversion to ETH is a common tactic used by hackers to liquidate assets more efficiently or move funds through mixers to obscure their trail. The remaining stolen tokens are still held in the attacker’s wallet, posing continued selling pressure on the market. The exploit appears to have targeted a vulnerability within the Humanity token’s smart contract or associated platform, though the exact vector of the attack has not yet been confirmed by the project’s team. As of press time, the Humanity project has not released an official statement regarding the incident or any potential remediation steps for affected holders. Market Impact and Investor Reaction The sudden and massive sell-off has wiped out a substantial portion of the token’s market capitalization. The 88% price decline reflects a panic-driven exodus as holders rushed to exit positions, exacerbating the downward spiral. The conversion of $9 million into ETH added further selling pressure on the broader market, though Ethereum’s price has remained relatively stable in the same period. For investors, this incident underscores the persistent risks associated with holding tokens in decentralized finance (DeFi) ecosystems, particularly those with unaudited or recently deployed smart contracts. The speed of the attack and the subsequent market reaction highlight the importance of due diligence and security audits before investing in new token projects. What This Means for the Broader Crypto Market This hack adds to a growing list of high-profile exploits in the crypto space, which have collectively resulted in billions of dollars in losses over the past few years. While the $20 million figure is significant, it is not unprecedented. The incident serves as a reminder that the DeFi sector continues to grapple with security challenges, and that regulatory scrutiny may intensify as a result. For Humanity token holders, the immediate outlook is uncertain. Recovery of stolen funds is unlikely, and the token’s reputation has been severely damaged. The price collapse may also deter new investors, potentially leading to a prolonged period of low liquidity and trading volume. Conclusion The $20 million hack of the Humanity token is a stark illustration of the vulnerabilities present in the cryptocurrency ecosystem. With on-chain data confirming the theft and subsequent conversion to ETH, the incident has resulted in an 88% price crash, erasing significant value for holders. As the community awaits further details from the project team, the event reinforces the critical need for robust security measures and investor caution in the DeFi space. FAQs Q1: How was the Humanity token hack discovered? The hack was first reported by on-chain analyst Specter, who identified the suspicious movement of funds from token holders’ wallets. The analyst tracked the stolen assets on the blockchain, revealing the scale of the exploit. Q2: What happened to the stolen funds? Of the $20 million stolen, approximately $9 million has been swapped for Ethereum (ETH), a common method used by hackers to facilitate laundering or liquidation. The remaining funds are still held in the attacker’s wallet. Q3: Is there any way for investors to recover their losses? Recovery of stolen funds in crypto hacks is rare, especially if the attacker successfully moves assets through mixers or exchanges. Investors should monitor official channels from the Humanity project for any announcements regarding compensation or next steps, but expectations should be tempered. This post Humanity Token Plunges 88% After $20M Hack, On-Chain Data Reveals first appeared on BitcoinWorld .