Crypto Industry News & Market Trends

VVV jumps 16% as Upbit listing boosts Venice Token – More gains ahead IF…

Bitcoin Ethereum News　　Venice AI push with Seedance 2.0 expands market reachUpbit lists the VVV token for trading　　How far can VVV go amid this bullish wave？　　Venice Token has experienced strong upside momentum driven by rising demand in both the AI and privacy sectors. The latest listing on Upbit further boosted this market demand.　　For that reason, the altcoins Relative Strength Index (RSI) climbed to 81, reaching overbought levels. RSI at these levels suggests that the momentum is largely driven by strong bullish pressure.　　Source: TradingView　　At the same time, the Bulls v Breas ratio has jumped from 0.38 to 93, further confirming the strengthening bullish pressure.　　Under such market conditions, assets have tended to make more gains. If the upside momentum holds, VVV will finally flip $20 and eye $22.　　However, profit takers remain extremely active in the market. With every jump, sellers have rushed to cash out, causing the recent volatility.　　On the 12th of May, profit-taking skyrocketed to record levels. Spot Netflow rose to a new all-time high of $4.3 million according to Coinglass data.　　Source: CoinGlass　　Traditionally, heightened profit-taking has weakened upside momentum, leading to market pullbacks. Thus, if sellers maintain the current rate, VVV is likely to breach the $14 support level again.

05-12Industry

CleanSpark sinks pre-market as Q2 loss more than doubles

CleanSpark reported a net loss of $378.3 million for its fiscal second quarter ended March 31, 2026. The loss more than doubled from $138.8 million in the same quarter last year.CleanSpark posted a $378.3 million fiscal Q2 loss as Bitcoin fair value losses weighed heavily.Revenue fell to $136.4 million, down from $181.7 million in the same quarter last year.The miner is expanding AI and HPC assets while still growing hashrate and Bitcoin holdings.　　Revenue fell 24.9% year over year to $136.4 million, compared with $181.7 million a year earlier. The company also reported a loss of $1.52 per basic share, wider than the $0.49 per-share loss in the prior-year quarter.　　CleanSpark said the quarter included a $224.1 million loss tied to the fair value of its Bitcoin holdings. That represented nearly 60% of its total quarterly loss and followed weaker Bitcoin prices during the reporting period.　　The company still grew its Bitcoin position. CleanSpark said its BTC holdings rose 14% year over year, while average monthly hashrate increased 18%. It ended the quarter with $925.2 million in Bitcoin and $260.3 million in cash.　　CleanSpark shares fall pre-market　　CleanSpark shares closed at $14.30 on May 11, up 0.70% for the regular session. The stock then fell

05-12Industry

AST SpaceMobile (ASTS) Stock Plunges 11% as Q1 Revenue Misses Expectations by Over 60%

AST SpaceMobile, Inc., ASTS　　The satellite communications company disclosed a quarterly loss of 66 cents per share alongside revenue totaling $14.7 million. This performance fell notably short of Wall Streets consensus forecast, which anticipated a loss of merely 23 cents per share on sales of $39 million. For comparison, the same period last year saw AST record a loss of 20 cents per share with revenue of only $718,000.　　The first-quarter shortfall is substantial. Sales figures reached barely 38% of analyst projections.　　Yet the company chose not to revise its forward-looking projections. AST SpaceMobile reaffirmed its full-year 2026 revenue target ranging from $150 million to $200 million. Current Wall Street estimates center around $177 million for the full year.　　This unchanged guidance provided some reassurance to shareholders following an underwhelming quarterly performance.　　Context matters here: ASTS had climbed 10% during Mondays regular session leading up to the earnings announcement, and had surged 220% throughout the preceding twelve months. Investor enthusiasm was clearly elevated.　　Expanding Satellite Infrastructure　　AST is constructing a satellite-based cellular network designed to enable ordinary smartphones to communicate directly with orbiting satellites — eliminating the need for specialized equipment.　　The company has demonstrated peak download speeds of 98.9 megabits per second utilizing its operational Block 1

05-12Industry

Huma Finance exploit Polygon: $101,000 loss from V1 pools

A Huma Finance exploit Polygon incident has put a familiar DeFi problem back in the spotlight: old contracts can stay dangerous long after a protocol has moved on. Huma Finance said roughly $101,000 was drained from its deprecated V1 BaseCreditPool contracts on Polygon on May 11, but user deposits were not affected.　　The attacker pulled out 82,316 USDC and 19,075 USDC.e through unauthorized drawdowns, according to the protocols disclosure. Just as important for users, Huma said the losses were limited to pool owner fees and protocol fees, not customer funds.　　That distinction matters. In crypto, the words “exploit” and “drained” can quickly trigger fears of wider contagion. Here, Huma drew a sharp line between the older Polygon-based system that was hit and the parts of the project still running normally, including PayFi Strategy Token (PST) and Humas V2 deployment on Solana.　　Huma Finance discloses a $101,000 exploit on Polygon　　The Huma Finance exploit Polygon users are now parsing traces back to deprecated infrastructure rather than the protocols current core operations. Huma said the affected contracts were the older V1 BaseCreditPool contracts on Polygon, which were already supposed to be out of commission.　　The total amount drained was approximately $101,000. Broken down, that included 82,316 USDC

05-12Industry

Universal Digital Introduces Real-Time Proof Of Reserves To USDU Stablecoin With Brevis-ZK, Bringing User Trust To DeFi

In a groundbreaking move to enhance transparency and build greater trust for DeFi users, Abu Dhabi–based Universal Digital Intl Limited today entered into strategic partnerships with decentralized oracle networks, including Brevis-ZK and Primus Labs, to integrate real-time verification of its USDU stablecoin reserves, aiming to monitor the health of the stable assets across DeFi markets.　　In January this year, Universal Digital Intl Limited launched USDU, the first stablecoin issued in the Middle East region, and consequently got registered by the Central Bank of the United Arab Emirates as a foreign payment token. Announcement revealed today by Unitas Labs, a DeFi protocol that offers unitized stablecoins for different emerging markets, disclosed that Universal Digital has taken a further step as it is now building a new standard for real-time financial verification of the stablecoin USDU.　　Universal Digital Partners With Brevis-ZK, Primus Labs, And Unitas Labs　　Every time new capital moves on-chain, trust breaks when the funds are not verifiable. This explains the reason Universal Digital announced its partnership with decentralized oracle networks, including Brevis-ZK and Primus Labs, to power real-time proof of reserves for the USDU stablecoin. As part of the collaboration, USDU today went live with Brevis-ZK‘s and Primus Labs’ proof of reserve

05-12Industry

SUI Price Today: Sui at $1.20 After 27% Weekly Surge From $0.94 – Can It Hold the Breakout?

Sui is trading near $1.20 on May 12, 2026, after one of its biggest weekly moves in months. The CoinMarketCap 1W chart shows it clearly: SUI ground slowly higher from the $0.9471 weekly open, then exploded on May 10 to 11 on the back of two concrete catalysts, touching a high near $1.40 before the current pullback.　　From $0.94 to $1.40 is a 48% move. Giving back some of that to $1.20 is not a surprise. The question is whether $1.20 holds or whether this weeks candle becomes a shooting star that gets fully unwound.　　What Drove the Move　　Two things hit on May 9 to 10 and the chart responded immediately to both.　　A Nasdaq-listed company disclosed it had staked a significant portion of SUIs circulating supply. Institutional staking at that scale removes tokens from liquid supply and sends a public signal that a regulated entity is making a long-term bet. Price jumped 13% on that news alone.　　The same day, at the Sui Live event in Miami, Nigerian fintech Paga announced a deep integration with the Sui blockchain using the USDsui stablecoin to offer dollar accounts, tokenized real-world assets, and cross-border payments to its user base. Paga processed $11 billion in 2025. That

05-12Industry

Grayscale Files Updated S-1 For HYPE ETF To Include Staking

Asset manager Grayscale Investments has amended its S-1 filing for the proposed Hyperliquid ETF. It now aims to offer staking yield to HYPE ETF holders if the product launches.　　Grayscale Investments Amends HYPE ETF Filing　　The revised Form S-1 was submitted to the U.S. Securities and Exchange Commission on May 11. It integrates fresh language that enables the trust to collect the staking rewards generated by HYPE tokens in the fund. The ETF will be listed on Nasdaq under the symbol “HYPG.”　　The trusts new investment goal focuses on supporting the value of HYPE. This includes “HYPE earned as Staking Consideration.” Here, the asset manager seems to mirror its approach with Ethereum ETFs as it now offers ETH staking yields to holders.　　However, if it is not compliant with regulatory and tax requirements, then Grayscale wouldnt add staking rewards. The firm noted that its structure should continue to qualify as a grantor trust to move ahead with the staking provision.　　The filing also mentions it is intending to adopt the name “Grayscale Hyperliquid Staking ETF” for the trust. This would happen after the registration comes into effect.　　Why Is Staking Added To HYPE ETF Filing？　　For context, Hyperliquid is a decentralized perpetuals trading blockchain. The project has

05-12Industry

XRP by Far: How Ripples David Schwartz Makes His Biggest Profit Despite Selling Too Early

David Schwartz, Ripples CTO Emeritus and now an honorary member of the renewed XRPL Foundation, responded on social platform X to a user question about which digital asset had generated the biggest profit for him, and, “by far,” it was XRP.　　Notably, the chief architect of XRP Ledger openly describes himself as excessively conservative. Reflecting on what advice he would give to his younger self before entering the industry, Schwartz said he would tell himself to take more risks, though he admitted he still likely would not have followed that advice.　　The math behind David Schwartzs XRP holding strategy　　Schwartz had previously disclosed the structure of his historical holdings, which explains his current conclusions. At the peak of his accumulation, Schwartz held 26,000,000 XRP, for which he converted his Bitcoin and Ethereum reserves.　　At the same time, Schwartz still considers himself an extremely cautious investor. Once XRP reached the $0.10 mark, the amount of capital at risk – $2.6 million at the time – became psychologically uncomfortable for him.　　Because of his aversion to risk, he and his wife decided to systematically sell portions of their holdings each time XRP reached a new all-time high.　　You Might Also Like　　According to the current XRP/USD chart at the

05-12Industry

Microsoft (MSFT) Shares Slip After $38B OpenAI Payment Cap Agreement

Microsoft Corporation, MSFT　　Shares of Microsoft declined 0.59% in response to the disclosure.　　This development builds on contractual adjustments finalized in recent weeks. Those modifications granted OpenAI expanded freedom to pursue partnerships with alternative cloud infrastructure companies and technology firms, notably Amazon (GOOG).　　Since 2019, Microsoft has committed $13 billion to OpenAI. This substantial investment catalyzed OpenAI‘s expansion while simultaneously accelerating growth within Azure, Microsoft’s cloud computing division.　　Based on the updated agreement, Microsoft retains its position as OpenAIs predominant cloud infrastructure ally. New OpenAI offerings will debut on Azure first, provided Microsoft possesses the capability and willingness to satisfy technical specifications.　　The licensing rights Microsoft secured for OpenAIs technology and offerings now extend through 2032, though exclusivity provisions have been removed.　　How the Payment Ceiling Benefits OpenAI　　For OpenAI, establishing the $38 billion threshold creates financial predictability. Limiting payment exposure eliminates ambiguity regarding future monetary obligations — precisely the transparency prospective investors demand before a company transitions to public markets.　　Several OpenAI leadership members have referenced a possible stock market listing targeting fourth quarter 2026, per The Informations sources. Finalizing revenue-sharing parameters beforehand represents a strategic preparatory measure.　　The restructured terms also expand OpenAIs operational latitude. The artificial intelligence company can now pursue engagements with Amazon Web Services

05-12Industry

XRP Transactions Surge 65% as Utility Hits Record High

XRP Utility Hits Historic High as Real-World Adoption Accelerates　　The XRP Ledger (XRPL) is experiencing a major surge in real-world adoption, with XRP activity climbing to record levels. New research from Evernorth shows monthly XRP Ledger transactions jumped from 43 million to over 71 million in the past year alone, a fueled primarily by growing institutional demand and enterprise-level usage.　　Unlike the short-lived speculative surges common across crypto markets, XRPs latest growth appears to be driven by real business activity and payment infrastructure.　　According to Evernorth, speculative trading usually comes in sudden bursts, while true utility grows gradually as companies and financial systems consistently move real value across the network.　　Several major players are powering this growing momentum. For instance, Crypto exchange Bitstamp continues to be a key driver of XRP Ledger activity, with trading and settlement flows adding consistent volume to the network.　　Ripples RLUSD stablecoin is also gaining traction, with rising issuance and transfer activity strengthening its role within the ecosystem.　　Meanwhile, Justoken is boosting on-chain usage through DeFi activity, while Brazil‘s Braza Bank is pushing real-world adoption by integrating the XRP Ledger into cross-border payments and banking services. Institutional infrastructure provider VERT is also expanding the network’s footprint by supporting broader financial use

05-12Industry

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