Crypto Industry News & Market Trends

US stock market reels lower as Treasury yields soar

The US Treasury market is rearing its head once again on Friday, this time causing a broad sell-off in US market indices. The NASDAQ Composite opened up close to 1.4% lower, while the S&P 500 and Dow Jones Industrial Average (DJIA) are both off between 0.5% and 1.0%. All three indices sold off much worse in the futures market, so there is reason to believe the indices will fall further as the regular session gets underway.　　The culprit？ Treasury yields.　　The US 10-year has risen nearly 8 basis points to 4.57%, while the US 30-year yield is up about 1.6% to 5.11%.　　Many observers are pointing to political instability in the leadership of Prime Minister Kier Starmer in the United Kingdom (UK). Upheaval in his own Labour Party has led to further calls for Starmer to resign, pushing up Gilt yields.　　On the US side of the ledger, the NY Empire State Manufacturing Index for May came in Friday morning extremely hot at 19.6, several deviations above the consensus of 7.5 and the previous reading of 11. The hot reading gives the Federal Reserve (Fed) more impetus to raise interest rates in the face of a roaring economy and rising inflation.　　Then there‘s US President

05-15Industry

CoreWeave vs Nebius: Comparing Two AI Cloud Infrastructure Stocks in 2026

CoreWeave achieved $2.1B in first-quarter 2026 revenue, representing 112% annual growth, alongside a contracted backlog approaching $100BNebius delivered $399M in quarterly revenue with remarkable 684% annual expansion, surpassing market forecastsCoreWeave maintains approximately $14B in outstanding debt with planned 2026 capital expenditures between $30B and $35BNebius maintains a robust $3.7B cash position, supported by strategic partnerships with Meta and MicrosoftWall Street assigns Moderate Buy ratings to both companies, though they represent distinct investment risk categories　　CoreWeave and Nebius both compete within the emerging “neocloud” sector, delivering GPU-intensive infrastructure specifically designed for artificial intelligence applications. These companies arent attempting to replicate the comprehensive services of Amazon, Google, or Microsoft. Their strategic focus centers on what AI companies value most: concentrated computational capability.　　This operational similarity represents their only major common ground.　　CoreWeave: Established Scale with Massive Commitments　　CoreWeave commands significantly greater market presence. During the first quarter of 2026, the company generated $2.1 billion in revenue, marking a 112% increase compared to the previous years corresponding period.　　CoreWeave, Inc. Class A Common Stock, CRWV　　The company secured over $40 billion in fresh commitments throughout this quarter alone. This influx elevated its aggregate contracted revenue pipeline to approximately $100 billion.　　These figures explain CoreWeaves emergence as a closely monitored AI

05-15Industry

Canada: Energy lifts CPI, BoC focus on core – TD Securities

TD Securities‘ Senior Canada Economist Robert Both expects Canadian Consumer Price Index (CPI) inflation to rise to 3.1% year-on-year in April, driven mainly by higher energy and food prices and base effects from last year’s carbon tax changes. Core measures (CPI-trim/median) are projected near 2.1–2.2%, leaving the Bank of Canada (BoC) focused on underlying inflation rather than the temporary headline overshoot into the June policy decision.　　Energy shock lifts headline inflation　　“We look for CPI inflation to firm by 0.7pp to 3.1% y/y in April as prices rise by 0.6% m/m, underpinned by another sharp increase for gasoline and other energy products. Base effects from eliminating carbon taxes in April 2025 will also add to the acceleration on a year-ago basis.”　　“Higher oil/fertilizer prices will also keep upward pressure on food and airfares, but we do not expect broad strength outside of these two components. Core inflation is forecast to edge lower by 0.1pp to 2.1/2.2% for CPI-trim/median as 3m (saar) rates accelerate 0.5pp to 2.1%.”　　“Our forecast for 3.1% y/y would leave headline CPI tracking well above BoC projections from the April MPR, but we expect the BoC to look through this and remain focused on core inflation heading into the June policy

05-15Industry

Thorchain Hack Drains $10M – ZachXBT Reports

The post Thorchain Hack Drains $10M – ZachXBT Reports appeared first on Coinpedia Fintech News　　THORChain, a cross-chain crypto trading protocol, was hit by a major hack that may have stolen over $10 million in digital assets across Bitcoin, Ethereum, BNB Chain, and Base.　　The attack sparked panic in the DeFi market, causing THORChains native token RUNE to drop more than 14% shortly after the exploit.　　ZachXBT Flags Suspicious Multi-Chain Activity　　The first warnings came from on-chain investigator ZachXBT, who reported suspicious activity linked to THORChains router infrastructure.　　According to ZachXBT, attackers moved roughly $7.2 million worth of assets including USDT, USDC, and wrapped Bitcoin across multiple blockchain networks before swapping them into ETH.　　The stolen funds were reportedly spread across Bitcoin, Ethereum, BNB Chain, and Base.　　Initial estimates suggested losses exceeded $7.4 million, but ZachXBT later updated the figures, saying the total stolen amount may now exceed $10 million.　　Another blockchain security firm, PeckShield, also confirmed the exploit, estimating that attackers stole around 36.75 BTC worth nearly $3 million, along with another $7 million in assets from the Ethereum, BNB Chain, and Base ecosystems.　　Arkham Tracks Exploiter Wallets　　Meanwhile, Arkham Intelligence labeled the suspicious wallets as “THORChain Exploiter” addresses while tracking millions of dollars in connected assets.　　Data shared by

05-15Industry

Platinum: Repeated deficits tighten stocks – Commerzbank

Commerzbanks Commodity Analyst Barbara Lambrecht reports that focus in London is turning to Platinum group metals as the World Platinum Investment Council prepares updated forecasts. The bank expects WPIC to project a fourth consecutive annual deficit, further eroding above-ground stocks that already cover only four months of demand. Continued medium-term deficits and inventory drawdowns would likely underpin Platinum prices.　　WPIC outlook and shrinking inventories　　“At the start of the week, the World Platinum Investment Council (WPIC) will present its new forecasts for the platinum market. It is expected to forecast the fourth consecutive supply deficit for this year.”　　“Even though the supply deficit is likely to be smaller than in previous years due to weaker demand from the automotive industry and for platinum jewelry, above-ground inventories — which have already fallen significantly — are likely to shrink further.”　　“They now cover only four months of demand. By comparison, four years ago they still covered a years worth of consumption.”　　“Should the WPIC continue to assume that supply cannot keep pace with demand in the medium term and forecast a sustained drawdown of inventories, this is likely to support the price of platinum.”

05-15Industry

Why IPO Genie Is Quietly Becoming One of 2026’s Most Discussed Presales

Early Bitcoin and Ethereum investors benefited from one thing most independent investors lacked: early access. IPO Genie $IPO is positioning itself around a similar idea bringing earlier exposure to private market opportunities through tokenization and AI-driven research.　　Here is what is actually changing. Private market tokenization is opening access to a category of deals that retail investors have never had before.IPO Genie is one of the top verified presales building infrastructure around that shift in Q2 2026.　　Key TakeawaysMain street investors now have a structured path into private market deals through tokenizationIPO Genie is an AI-powered presale with dual smart contract audits and a verified deal callThe $IPO token unlocks tiered platform access, staking rewards, and governance rightsThe presale is live and　　What Does “Most Discussed” Actually Mean For a Crypto　　Most discussed doesnt mean loudest. It means consistently showing up in the right conversations.　　While celebrity-backed presales burned bright and faded, IPO Genie kept appearing in research-driven circles. Independent analysts, crypto researchers, and early-access communities kept bringing it up.　　That kind of organic attention is hard to manufacture. It usually means something real is being built.　　And what is being discussed is not hype, but that it is a pre-IPO access platform. Specifically, access to private

05-15Industry

Silver Price Plunges 10% From Two-Month High—Here’s Why

Gold and silver prices plunged Friday morning, halting momentum the metals had built in recent weeks that lifted silver to its highest price in two months, with analysts blaming fears over inflation for the price slump.　　Key Facts　　The price of silver is $76.69 as of 9:45 a.m. EST on Friday, down more than 10% but slightly higher than the intraday low price of $76.63 it hit earlier in the trading session.　　Silver also fell in price on Thursday, declining from a price of nearly $90 on Wednesday, the highest level the metal has reached since early March.　　Gold prices also fell Friday, reaching $4,542.90 as of 9:45 a.m. EST, down more than 3%.　　Prices tumbled Friday amid inflationary fears, analysts said, including ANZ Group Holdings Ltd. analysts Daniel Hynes and Soni Kumari, who said “inflation expectations, higher yields and a stronger dollar are likely to keep gold under pressure in the near term.”　　ANZ analysts also said “stronger-than-expected rise in consumer and producer prices raised concerns that the Fed may need to increase interest rates in the short term,” as higher interest rates typically correlate with lower metals prices.　　Oil prices—which have traded inversely with metals throughout the Iran war—rose Friday morning, with the Brent crude

05-15Industry

Upbit Postpones IRYS Listing By 30 Minutes

Tech　　Upbit Postpones IRYS Listing By 30 Minutes　　South Korean cryptocurrency exchange Upbit has announced a brief delay in the listing of Iris (IRYS). The start of trading, which was originally scheduled for 11:00 a.m. UTC today, has been pushed back to 11:30 a.m. UTC.　　Revised Trading Schedule　　The delay, confirmed via an official notice on Upbits platform, is a 30-minute postponement. While the exchange did not immediately provide a specific reason for the change, such adjustments are not uncommon during the initial listing process, often related to final technical checks or order book preparation. Traders who had prepared for the original time are advised to adjust their strategies accordingly.　　What This Means for Traders　　For those looking to trade IRYS, the key takeaway is the updated timeline. The delay is short, but it can impact short-term trading plans, especially for those using automated bots or aiming to be among the first to execute trades. The revised schedule provides a clear new window for market participants to prepare.　　Market Context　　Upbit is one of the largest and most influential cryptocurrency exchanges in South Korea, and its listing decisions often generate significant trading volume. The listing of a new token like Iris (IRYS) typically attracts attention from both retail

05-15Industry

US Dollar: Supported by higher yields and data – Deutsche Bank

Finance　　US Dollar: Supported by higher yields and data – Deutsche Bank　　Deutsche Bank analysts highlight that the Dollar Index (DXY) strengthened as United States (US) yields moved higher and data remained resilient. Retail sales matched expectations, and the Atlanta Fed‘s GDPNow estimate for Q2 was revised up, underscoring solid economic momentum. Short-end Treasury yields broke above 4%, while the 10-year yield reached a 10‑month high, underpinning the Dollar’s performance.　　Firm US data and yields back Dollar　　“And in turn, 2yr Treasury yields (+3.9bps) rose above 4% for the first time since June 2025.”　　“The moves were more muted further out the curve however, with the 10yr Treasury yield (+1.3bps) inching up to a 10-month high of 4.48%.”　　“Elsewhere, markets got further support from a robust batch of US data. In particular, retail sales showed signs of resilience, with the headline measure up +0.5% in April as expected.”　　“And in turn, the Atlanta Feds GDPNow estimate for Q2 moved up from an annualised +3.7% rate to +4.0%, suggesting the economy remained on a strong footing.”　　“Indeed, Brent crude oil prices are up another +1.21% overnight to $107.00/bbl. And in turn, those inflation concerns have pushed the 10yr Treasury yield up +3.5bps this morning to 4.52%, its highest level

05-15Industry

NASDAQ 100 extends losses with 2.1% drop as inflation fears rattle tech stocks

Tech　　NASDAQ 100 extends losses with 2.1% drop as inflation fears rattle tech stocks　　The NASDAQ 100 slid 2.1% in recent trading, extending a streak of losses that has rattled investors across both traditional equities and digital assets. The selloff hit information technology stocks hardest, with the sector leading the broader decline as Wall Street digests the uncomfortable reality that the Federal Reserve may not be cutting rates anytime soon.　　The broader Nasdaq Composite also dropped 1.39%, confirming this isnt just a narrow blip.　　Inflation data changes the calculus　　Recent US inflation prints came in hotter than expected, pushing back the timeline for rate cuts that many had treated as a near-certainty. Thats a problem for growth stocks, which are essentially long-duration bets on future earnings. When interest rates stay elevated, the present value of those future cash flows shrinks, making it harder to justify paying premium prices for companies whose biggest profits are years away.　　Tech stocks, which dominate the NASDAQ 100, are particularly sensitive to this dynamic. The index is heavily weighted toward companies that trade on growth expectations rather than current profitability.　　The selloff wasnt entirely uniform, though. Take-Two Interactive managed to buck the trend, rising 6.8% intraday even as the rest of the

05-15Industry

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