Crypto Industry News & Market Trends

Carl Runefelt Net Worth 2026: How Rich Is The Moon?

Quick Answer: Carl Runefelt‘s net worth is estimated at approximately $1 billion in 2026, based on aggregated estimates from TradersUnion, Marketplace Fairness, and Impact Wealth. His wealth comes primarily from early Bitcoin investments made starting in 2017, his YouTube channel “The Moon” (500,000+ subscribers), affiliate marketing and sponsorships, The Moon Group (his blockchain and AI startup investment firm), investments in 400+ crypto projects, and a $2.5 million annual Formula 2 racing sponsorship. He was featured on Forbes’ 30 Under 30 list. His net worth estimates are contested by skeptics who question whether his stated Bitcoin holdings are as large as claimed.　　Key Takeaways:Net worth estimated at ~$1 billion in 2026 by most sources; some estimates range $600M–$1.1BStarted as a supermarket cashier in Sweden before investing in Bitcoin in 2017 at ~$4,300YouTube channel “The Moon” has 500,000+ subscribers; Twitter has 1 million+ followersFounder and CEO of The Moon Group — invests in blockchain and AI startups; 400+ portfolio companiesNet worth estimates are disputed: skeptics note stated Bitcoin holdings, if verified, would only account for a fraction of billion-dollar claims　　Who Is Carl Runefelt？　　Carl Runefelt — widely known online as “The Moon” or “Carl Moon” — is a Swedish cryptocurrency influencer, investor, and entrepreneur

05-28Industry

HP (HPQ) reports Q2 earnings: What key metrics have to say

HP (HPQ) reported $14.41 billion in revenue for the quarter ended April 2026, representing a year-over-year increase of 9%. EPS of $0.86 for the same period compares to $0.71 a year ago.　　The reported revenue compares to the Zacks Consensus Estimate of $13.92 billion, representing a surprise of +3.52%. The company delivered an EPS surprise of +20.11%, with the consensus EPS estimate being $0.72.　　While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a companys underlying performance.　　As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stocks price performance more accurately.　　Here is how HP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Days in accounts payable: 151.00 Days compared to the 140.50 Days average estimate based on two analysts.Days of sales outstanding in accounts receivable: 38.00 Days compared to the 31.00 Days average estimate based on two analysts.Days of supply in inventory: 73.00 Days versus 72.00 Days estimated by two

05-28Industry

Crypto Market Crash: $1B in Bitcoin, ETH, XRP, SOL, & Altcoins Liquidated, Heres Why

Crypto market crash shows no signs of stopping, with over $120 billion in market cap wiped out in a week. Over the past 24 hours, another $1 billion in Bitcoin, ETH, XRP, SOL and other top altcoins were liquidated.　　BTC price tumbled below $73K and Ethereum plunged 5% to below $2,000 level amid macro, technical, and geopolitical factors. The Crypto Market Fear & Greed Index is 22 (extreme fear) today, slipping further into extreme fear since CoinGape warned that Bitcoin price could fall below $75,000.　　Meanwhile, top altcoins XRP, BNB, Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Hyperliquid (HYPE), and Zcash (ZEC) fell more than 3-7%. AI coins are leading the crypto liquidation, with RENDER, VIRTUAL, and WLD down 10-13%.　　Crypto Market Crash amid Massive Bitcoin, ETH, SOL, XRP Liquidations　　Coinglass data showed the crypto market saw another $1 billion in liquidations across Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and other top altcoins. Over 165K traders were liquidated, with the largest single liquidation order of BTCUSD valued at $15.34 million occurring on Hyperliquid.　　BTC price crashed to $72,745 lows as investors liquidated $365 million in BTC holdings over the last 24 hours. Notably, almost $340 million in long positions were liquidated, sending the price to

05-28Industry

US Dollar: Data focus and Fed expectations – Commerzbank

Commerzbanks Michael Pfister notes that if negotiations with Iran fail to progress, markets will turn to a heavy slate of US data, including the second estimate of first-quarter GDP and key PCE inflation readings. With FOMC rhetoric turning more hawkish, he stresses that solid growth and stronger PCE are needed to sustain current US rate hike expectations and support the US Dollar.　　US data and Fed rhetoric in focus　　“If no significant progress is made in todays negotiations either, the market will likely focus this afternoon on the series of US data set to be released.”　　“Admittedly, it is ‘only’ the second estimate of US growth in the first quarter, and the PCE index can usually be estimated quite well from the already released inflation and producer price figures.”　　“However, given that statements from FOMC members have become increasingly hawkish in recent days and weeks – which is certainly one of the key reasons for the shift in market expectations towards interest rate hikes – it will be decisive whether the figures support these expectations.”　　“In other words, growth must be solid and the PCE index should ideally exceed expectations. If this does not happen, expectations of interest rate hikes (and thus a stronger US

05-28Industry

SUI Elliott Wave Signals Wave 5 Drop to 49 Cents

The SUI Elliott Wave structure is doing something the tokens buyers have been trying to ignore. According to moretradingonl on X, $SUI still has not confirmed a meaningful low. The broader concern, per that read, is that wave 4 may have already peaked.　　That puts the market on its way lower in wave 5 toward the 65 to 49 cent area. Not a fringe view. The current price structure from the May high increasingly resembles a five-wave decline. Not what bulls want to see.　　One Level Could Change Everything. Its $1.31　　Key micro resistance sits between $1.12 and $1.31. Only a break above $1.31 changes the outlook, and even then it opens the door to a larger extended wave 4 bounce toward the $1.44 to $2.08 range rather than outright reversal. Below $1.31, the support map reads 97 cents, then 88 cents, then 81 cents, in that order.　　The 4-hour chart from More Crypto Online on Coinbase maps the structure in detail. Wave C of the corrective sequence has already printed near the 2.08 area, and the retracement box below shows extensions at 61.8% near $1.02 and 78.6% sitting down at $0.6494, the level labeled wave 5 on the chart.　　There is a version where

05-28Industry

BlackRock Bitcoin ETF outflow signals macro shift for traders

BlackRock Bitcoin ETF outflow became the story traders could not ignore on Wednesday, when the iShares Bitcoin Trust, or IBIT, shed $527.84 million in a single day. For a fund that built its reputation on relentless demand, the move landed hard: it was the second-largest outflow day on record, just below the funds $528.30 million exit on January 30.　　That jolt did not happen in isolation. Bitcoin spot ETFs have now logged eight straight days of cumulative net outflows, a sharp turn for a market that helped define Bitcoins institutional era. At the time of writing, monthly outflows stood at $2.07 billion.　　What makes the reversal stand out is not only the size of the selling. It is the timing. The recent shift in ETF flows lines up with a change in macro expectations, especially around inflation and Federal Reserve rate cuts, rather than with any clearly stated break in conviction about Bitcoin itself.　　IBIT logs a near-record BlackRock Bitcoin ETF outflow　　SoSoValue data showed BlackRocks iShares Bitcoin Trust posted $527.84 million in outflows on Wednesday. That made IBIT its second-worst day on record, trailing only the $528.30 million outflow recorded on January 30.　　For a product that had spent much of its life acting

05-28Industry

Euro hesitates above 0.8650 against the British Pound as Middle East tensions rise

The Euro (EUR) is trading flat against the British Pound (GBP) on Thursday. EUR/GBP bulls are struggling to find acceptance above 0.8660 following a 0.4% rally over the previous two days, although downside attempts remain contained above 0.8655 so far.　　Speculative demand for the common currency is faltering on Thursday as market sentiment sours and Oil prices jump with tensions between the US and Iran escalating again.　　ECB-BoE monetary policy divergence　　The Euro, however, remains fairly steady, favoured by monetary policy divergence between the European Central Bank (ECB) and the Bank of England (BoE). Futures markets are pricing a 91% chance that the ECB will hike interest rates at its June 11 meeting, according to data by the ECB Watch Tool. The BoE, on the contrary, is not expected to tighten its monetary policy anytime soon.　　The ECB Chief Economist, Philip Lane, warned on Thursday that inflationary consequences from the US-Iran war will outlast the conflict and that the bank must prevent the general belief that inflation will remain high for a long time to take hold.　　Later on Thursday, ECB President Christine Lagarde is expected to take part in a central bankers meeting, and her comments on monetary policy will be listened to with

05-28Industry

XLM Jumps 14% as Stellar Reclaims Long-Term Channel Midline

Stellar (XLM) surged more than 14% in the past 24 hours. The move reclaimed the midline of its long-term parallel channel. Price also broke above a key descending trendline.　　The Layer 1 network is now trading near $0.169 with a market capitalization above $5.6 billion. Multiple charts point to follow-through. X traders are already calling for a path to $0.60 on the weekly timeframe.　　Four-Hour Chart Breaks Descending Trendline　　The four-hour XLM chart shows a clean break above a descending trendline. That trendline ran from the April 21 swing high near $0.185. The move came on a sharp volume spike. The largest green candle of the recent range pushed price back above $0.165.　　XLM 4-hourly chart / Source: TradingView　　The Relative Strength Index (RSI) reads close to 75. That sits in overbought territory and suggests the rally may be short-term extended. The Moving Average Convergence Divergence (MACD) histogram prints rising green bars. That signals expanding bullish momentum.　　A pullback into the $0.165 area would give buyers a more measured entry zone. If sellers push the price below the channel midline, the support band at $0.14 to $0.15 becomes the next test. That level previously triggered the current leg of the Stellar rally.　　Daily Chart Reclaims Channel Midline

05-28Industry

Pennsylvania Seeks Injunction Against AI Maker Whose Chatbot Brazenly Claims To Be A Psychiatrist Licensed To Practice Medicine

In todays column, I examine a recent court filing seeking an immediate injunction to prevent an AI maker from allowing its generative AI or large language model (LLM) to claim it is a psychiatrist licensed to practice medicine.　　Pennsylvania has filed this quite noteworthy lawsuit. They are doing so against the popular Character.AI and are asking the courts to stop the company Character Technologies from allowing its AI to seemingly make false claims about being a psychiatrist. This is the latest state-level step to put a dent in the unbridled permitting of AI giving out mental health advice that is wildly over-the-line.　　Lets talk about it.　　This analysis of AI breakthroughs is part of my ongoing Forbes column coverage on the latest in AI, including identifying and explaining various impactful AI complexities (see the link here).　　AI And Mental Well-Being　　As a quick background, Ive been extensively covering and analyzing a myriad of facets regarding the advent of modern-era AI that produces mental health advice and performs AI-driven therapy. This rising use of AI has principally been spurred by the evolving advances and widespread adoption of generative AI. For an extensive listing of my well over one hundred analyses and postings, see the link here

05-28Industry

Bitwise’s $19M HYPE buy strengthens bull case, but ONE risk remains

Institutional interest in Hyperliquid from traditional investors continues to grow, with recent data showing that Spot U.S. HYPE exchange-traded funds [ETFs] have already accounted for 1.04% of the assets total market capitalization, currently valued at $15.63 billion.　　This compares favorably to Bitcoin and Ethereum ETF penetration at 0.59% and 0.41%, respectively.　　Despite broader market struggles, Hyperliquid [HYPE] continues to hold above $60, with traditional investor participation playing a central role in sustaining that level.　　Bitwise records a $19 million single-day HYPE purchase　　Bitwise has recorded its largest single-day spot HYPE ETF purchase, according to data from SoSo Value for the trading session on the 26th of May.　　The $19 million single-day purchase represented 93.15% of the total $20.45 million in HYPE ETF purchases recorded that day.　　Trading volume from the Spot HYPE market showed bulls in full control during this period, with the total $22 million in volume largely absorbed by buyers in the ETF market.　　Source: SoSoValue　　Total HYPE volume has risen 44% in the past 24 hours to $1 billion, climbing alongside price and reinforcing the bullish grip on current sentiment. HYPE assets under management have now reached $30.5 million.　　Bitwise CEO Hunter Horsley commented on the development, noting that　　Volume today was ~$22M, which means almost all

05-28Industry

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