Crypto Industry News & Market Trends

New Balance Tennis Apparel Expands As Roland Garros Colorway Debuts

New Balance continues to make its presence in tennis felt. Along with key footwear pieces tied to Coco Gauffs signature line, sponsoring the Australian Open each January and on-court kits for tournament-level players, New Balance has expanded its lineup of performance kits with a seasonal collection in a mix of tournament-specific colorways available at retail.　　And fans can thank Tommy Paul and Sorana Cirstea for this seasons fabrics.　　As the seasonal collection moves toward the clay of Roland Garros, the newest colorway of “pink heat, NB white, pink salt and faded black” takes the stage in a range of pieces for both men and women. “We‘re taking classic tennis DNA and updating it for today,” Harry Champion, New Balance product merchant for tennis apparel, tells me about the release. “You still have those familiar elements—pleats, collars—but we’re bringing them to life with new fabrics and refined details that feel modern and elevated. Our goal is telling a head-to-toe story.”　　The fabric portion of that story came thanks to Paul and Cirstea. Champion says that when the pair visited New Balance headquarters in Boston, the brand had a front runner and a backup for each style. “They each tested both versions in our Sports

05-20Industry

Canada Inflation Edges Higher: April CPI Rises 2.8%

Canada‘s headline Consumer Price Index (CPI) rose 2.8% in April compared to the same month last year, according to data released Wednesday by Statistics Canada. The reading matched economist expectations and marked a slight acceleration from March’s 2.7% annual pace, signaling that inflationary pressures remain persistent even as the economy shows signs of cooling.　　What the Data Shows　　The April CPI increase was driven primarily by higher shelter costs, including rent and mortgage interest, as well as rising prices for gasoline and food purchased from stores. Excluding volatile items like energy and food, the core CPI — a key measure watched closely by the Bank of Canada — rose 2.6% year-over-year, also in line with forecasts. On a monthly basis, the CPI rose 0.5% in April, up from a 0.3% gain in March.　　Statscan noted that while goods price inflation moderated slightly, services inflation remained elevated, reflecting continued strong demand in areas like travel and dining out. The data underscores the challenge facing the Bank of Canada as it balances the need to contain inflation against the risk of tipping the economy into a recession.　　Implications for the Bank of Canada　　The April CPI report comes ahead of the Bank of Canadas next interest rate

05-20Industry

ADA Price Prediction: $0.30 Breakout Imminent as Whales Position for 20% Rally

Cardano‘s consolidation around $0.25 masks significant underlying activity that suggests a major move is brewing. Trading 26% below its 200-day moving average at $0.34, ADA has been quietly building support during this extended correction phase. The 2.58% daily decline reflects surface-level selling pressure, but the real story lies in what’s happening beneath the charts.　　Open interest has jumped 2.65% in 24 hours to $94.3 million while funding rates remain moderately negative at -0.0081%. This combination creates an environment where long positions benefit from favorable funding while smart money continues positioning. Blockchain.news analysis shows this setup historically precedes significant upward moves, as traders build positions without paying excessive premiums.　　Technical Foundation Building　　Current indicators suggest ADA sits at a critical inflection point rather than extended weakness. The RSI reading of 42.62 places the token in neutral territory where neither buying nor selling pressure dominates, creating space for directional momentum to develop. Meanwhile, the MACD histogram at zero indicates momentum is coiled and ready for release in either direction.　　ADAs position relative to key moving averages reveals the compression building within the system. Trading exactly at the 50-day SMA of $0.25 creates a natural pivot, while the tight range between the 7-day ($0.26) and 20-day ($0.26)

05-19Industry

MIT students build a device that lets Claude AI control your hand with electric pulses

Tech　　MIT students build a device that lets Claude AI control your hand with electric pulses　　A group of MIT students just built a wearable device that lets an AI take the wheel on your hand. Literally. The system, called “Human Operator,” pairs Anthropic‘s Claude AI with electrical muscle stimulation to physically guide a user’s fingers and wrist through specific tasks.　　How it works　　Human Operator combines three technologies: Claude AI for reasoning and command interpretation, computer vision for understanding whats happening in front of the user, and electrical muscle stimulation, or EMS, to actually move the hand.　　EMS isn‘t new. Physical therapists have used it for decades to help patients recover motor function after strokes or injuries. The technology sends small electrical pulses to specific muscles, causing them to contract. What’s new here is hooking that mechanism up to an AI that can decide which muscles to fire and when.　　Here‘s how the loop works. A user speaks a command or presents a visual cue. Claude processes that input, determines the appropriate hand motion, and sends signals to the EMS device. The device then delivers electrical impulses that guide the user’s muscles in real time.　　The system also incorporates voice input, meaning users can verbally instruct

05-19Industry

Tokenized RWA Market Cap Climbs to Record $33.7B

Tech　　Tokenized RWA Market Cap Climbs to Record $33.7BEthereum Treasury inflows drive tokenized asset market to fresh highs globally.Hyperliquid and Solana accelerate institutional demand for blockchain RWAs worldwide.XRP Ledger and Canton Network highlight shifting dominance across tokenization markets.　　The on-chain real-world asset sector continues attracting strong institutional and retail interest as tokenized asset value surged to a new record above $33.7 billion. Fresh capital inflows, expanding blockchain adoption, and rising demand for around-the-clock market access pushed the sector higher during recent weeks.　　Nearly $1.5 billion recently entered Ethereum-based tokenized US Treasury products alone. The rapid expansion reflects growing confidence in blockchain infrastructure for traditional financial products. Besides, major financial firms continue launching new tokenized investment products, accelerating adoption across multiple blockchain ecosystems.　　Franklin Templeton contributed to the latest growth wave after introducing its new tokenized product, iBENJI. Additionally, BlackRock‘s BUIDL fund maintained strong inflows, reinforcing Ethereum’s position within the tokenized Treasury market. Investors increasingly favor tokenized products because they offer faster settlement, greater accessibility, and continuous trading availability.　　Hyperliquid and Solana Post Strong Growth　　Activity surrounding tokenized assets also expanded sharply across decentralized trading platforms. Hyperliquids RWA open interest climbed to a record $2.6 billion, doubling its total from two months ago.　　The sharp increase highlights rising

05-19Industry

Goldman Sachs Offload, ETH, XRP, SOL ETF For Bitcoin

The post Goldman Sachs Offload, ETH, XRP, SOL ETF For Bitcoin appeared first on Coinpedia Fintech News　　Goldman Sachs, Wall Street‘s most-watched bank, has completely offloaded its XRP and Solana ETF stakes and slashed Ethereum holdings by 70%. The latest filing now shows Bitcoin remaining as the bank’s dominant institutional crypto allocation despite growing volatility across the broader digital asset market.　　Goldman Fully Exits XRP and Solana ETFs　　According to Goldman Sachs latest Q1 2026 13F filing, the bank fully closed its ETF exposure tied to XRP and Solana.　　The move marks a major shift from the previous quarter, when Goldman reportedly held roughly $154 million in XRP ETF exposure and over $100 million tied to Solana ETFs from issuers including Grayscale, Fidelity, and Bitwise.　　Goldman Sachs Exits XRP and Solana ETF Positions, Cuts Ethereum ETF Holdings by 70%　　Goldman Sachs latest 13F filing shows the bank fully exited its XRP and Solana ETF positions in Q1 2026 after previously holding around $154 million in XRP ETFs. The bank still holds roughly…　　While the filing confirms those ETF positions no longer appeared by the March 31 reporting deadline, analysts noted the disclosure does not necessarily prove Goldman turned bearish on XRP or Solana directly.　　13F filings only reveal

05-19Ethereum

VC warns PwC, Accenture: deploying OpenAI, Anthropic is letting the fox in the hen house

Chamath Palihapitiya says consulting giants are helping OpenAI and Anthropic build the firms that may replace them.Chamath Palihapitiya says consulting giants like PwC and Accenture are endangering their own businesses by directly embedding OpenAI or Anthropic tools without maintaining control over token generation.OpenAI launched the OpenAI Deployment Company with over $4 billion in funding at a $10 billion valuation, while Anthropic raised $1.5 billion for a rival enterprise services venture — both directly competing with traditional consulting firms.Palihapitiyas own firm, 8090, has partnered with EY on an AI-native software delivery platform called EY.ai PDLC, which he says gives consultants the “control plane” needed to route AI tokens to any model provider.　　Billionaire venture capitalist Chamath Palihapitiya issued a stark warning to the consulting industry on May 17, calling out PwC and Accenture by name for what he describes as a self-defeating AI strategy — one that he says hands OpenAI and Anthropic the keys to their own replacement.　　If you are running a consulting business and you are deploying Anthropic or OpenAI directly into your organization (Im looking at you PwC and Accenture) you are letting the fox into the hen house.　　“If you are running a consulting business and you are deploying

05-19Industry

Ethereum Price Prediction: ETH Faces Pressure as Layer-2 Activity Rises

ETH price pressured as Layer-2 growth raises concerns over Ethereum fee demand and burn.Analysts cite a bearish structure as ETH breaks a descending triangle and tests key support.Institutional moves and mixed forecasts add uncertainty, with ETH needing to reclaim key resistance for strength.　　Ethereum has been struggling again, but traders are now focused on something much bigger than another correction. A growing number of investors are starting to question whether Ethereums own Layer-2 success is slowly weakening demand for ETH itself.　　That discussion gained attention and AIXBT noted that most activity is now happening on Layer-2 networks like Base, Arbitrum, and Optimism, where transaction fees are far cheaper than Ethereum mainnet.　　Layer-2 growth and ETH demand pressure　　AIXBT shared that Ethereums scaling strategy may have created an unexpected problem. Networks like Base, Arbitrum, and Optimism are processing record transaction activity, but most users are no longer interacting with Ethereum mainnet directly because Layer-2 fees are dramatically cheaper.　　That matters because Ethereums burn mechanics depend heavily on activity happening on the main chain. As more transactions move to Layer-2 networks and settle in batches for very low costs, the amount of ETH being burned through fees has dropped sharply compared to earlier cycles.　　At the same time,

05-19Ethereum

S&P 500 rally faces pressure as Wall Street warns of inflation risks

The S&P 500s rally this year has been the kind of run that makes investors feel smart. Earnings came in hot, mega-caps kept delivering, and the broader market rode the wave higher. But Wall Street strategists are now flagging a familiar villain that could unravel the whole thing: inflation.　　After months of relatively cooperative macro data, the inflation picture is getting murkier. Rising energy prices, climbing Treasury yields, and a market thats suddenly repricing rate expectations have combined to create the kind of environment where rallies go to get tested.　　The May 15 selloff told the story　　On May 15, the major indexes took a hit that captured the shifting mood. The Dow dropped 1%, the S&P 500 fell 1.25%, and the Nasdaq slid more than 1.5%.　　The catalyst was straightforward: surging energy prices stoked fears that inflation isnt done being a problem. Higher oil prices feed directly into consumer costs, transportation expenses, and corporate margins. When energy moves, everything downstream moves with it.　　Treasury yields rose in tandem, which is the market‘s way of saying it thinks the Federal Reserve might need to keep rates higher for longer than previously hoped. For equity investors, that’s not just an abstract concern. Higher yields make bonds

05-19Industry

Iran’s Nobitex moved $2.3 billion through crypto networks tied to Trump

Nobitex, Irans biggest crypto exchange, handled at least $2.3 billion on Tron and BNB Chain since 2023, based on a blockchain investigation by Reuters.　　The two networks were built around Justin Sun and Changpeng Zhao, two crypto billionaires who also gave early support to World Liberty Financial, the Trump familys crypto project.　　The money kept running through those chains as the United States and Israel continue their war against Iran.　　Iranian users sent billions through chains linked to Sun and Zhao　　Since January 1, 2023, Nobitex handled more than $2 billion on Tron, and it also handled at least $317 million on BNB Chain, the network once known as Binance Smart Chain.　　Since Trumps war started in February, at least $22.6 million passed through Nobitex on BNB Chain, while at least $550,000 went through Tron.　　Nobitex is used by regular Iranians and sanctioned Iranian bodies, and it is allegedly controlled by two brothers from a powerful Iranian family with ties to Irans new supreme leader.　　But Nobitex has vehemently denied direct Iranian government ties, as well as helping the state, saying that any illegal funds that passed through its platform did so without approval or knowledge from management.　　Nevertheless, the exchange has been a major part of Irans

05-19Industry

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