Crypto Industry News & Market Trends

Ripple crypto Analysis: 3 Scenarios for XRPs Pivot

XRP/USDT — daily chart with candlesticks, EMA20/EMA50 and volume.Daily (macro bias) — Neutral with a bullish tilt until the 200-day is reclaimedEMA: 20D = 1.42, 50D = 1.42, 200D = 1.78 — Price at 1.46 is above the 20/50 but well below the 200. The medium term is repairing. The long-term downtrend line still caps rallies.RSI (14): 60.2 — Healthy buying pressure without being stretched; room to extend if levels give way.MACD: line 0.02 vs signal 0.01, hist 0.01 — Positive but thin momentum; needs follow-through above resistance to matter.Bollinger Bands: mid 1.41, upper 1.48, lower 1.35 — Price is near the upper band; buyers are pressing the edge of the range but havent broken out.ATR (14): 0.04 — Compressed daily volatility; breaks can travel once they start, but fakeouts are common when ranges are tight.Pivots: PP 1.47, R1 1.48, S1 1.45 — Trading just under PP. Acceptance above 1.47/1.48 is the first real tell for an expansion higher. Losing 1.45 hands the ball back to mean reversion.　　1H (tactical confirmation) — Flat and indecisiveEMA: 20H = 1.47, 50H = 1.46, 200H = 1.43 — Price is pinned between the short EMAs. Trendless chop above the 200H shows support beneath but

05-12Industry

Trading expert sets date when Micron stock will hit $3,000

Following its explosive rally in 2026, semiconductor giant Micron Technology (NASDAQ: MU) could still have substantial upside ahead, with a trading expert projecting the stock may surge toward $3,000 over the next few years.　　In a analysis published on May 11, technical analyst argued that Micron is following a long-term chart structure similar to the companys historic rally during the late 1980s and 1990s technology boom.　　According to the analyst, the stock appears to be entering a temporary “pause phase” before another major breakout.　　The analysis noted that Micron has maintained a strong uptrend since rebounding from its April 2025 lows near the monthly 100-period moving average.　　said the current setup mirrors the companys historic post-IPO advance, which featured repeated cycles of sharp rallies followed by lengthy consolidations inside a broader ascending channel.　　The analyst also highlighted the monthly Relative Strength Index (RSI), which has climbed into heavily overbought territory near 89. The current structure resembles Microns “second pause” during its 1995 rally, when the stock traded sideways for an extended period before resuming its upward move.　　Based on the fractal analysis, projected that Micron could remain in consolidation through much of 2026 as momentum indicators cool while the broader bullish trend remains intact.　　The forecast then

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

BUILDon (B) Explodes 55% in 24 Hours, Is $0.74 the Next Stop?

BUILDon (B) rocketed roughly 55% on Monday, smashing through the 0.786 Fibonacci level at $0.60 and reigniting the case for a sprint toward the $0.74 open high.　　The Daily Relative Strength Index (RSI) flipped back into bullish territory, while the 4-hour structure carved a clean ascending channel. Both timeframes now point to the same question, namely, how far the next leg can extend.　　BUILDon Daily Chart Confirms Bullish Breakout　　The Daily B/USD chart on MEXC shows BUILDon clearing the 0.5 Fibonacci retracement at $0.40 and pushing above the 0.786 level at $0.60. The single-session expansion lifted the token to around $0.63 at the time of writing.　　The next upside target sits at the open high near $0.74, which also marks the 1.0 Fibonacci extension. However, in the case of a pullback, the 0.618 Fibonacci level at $0.48 stands as the first key support.　　B daily chart / Source: Tradingview　　RSI readings returned to bullish territory and have not printed any bearish divergence yet. Meanwhile, volatility remains near its upper extreme, while breakout volume looks relatively modest, a nuance bulls should monitor closely.　　4-Hour Channel Hints at a Short-Term Cooldown　　On the 4-hour timeframe, BUILDon prints higher highs and higher lows inside an ascending parallel channel. Price recently tagged

05-12Industry

Jerome Powells Fed Term Ends in 3 Days: What Did He Do for Crypto?

On May 15, Jerome Powells tenure as chair of the Federal Reserve came to an end, bringing to a close one of the most significant periods of monetary policy in the history of cryptocurrency.　　Powells effect in the office　　Powell took office as Fed chair on February 5, 2018, and on May 23, 2022, he took office for a second four-year term. Powells legacy in the cryptocurrency community was never one of overt support or animosity. His actual influence was felt through liquidity.　　The Fed continued to tighten policy and reduce its balance sheet in 2018, contributing to the harsh risk-off environment. After the 2017 bubble, Bitcoin was already weaker going into Powells first year, and it spent most of 2018 plummeting from close to $20,000 to about $3,000.　　Ray Dalio: Bitcoin Fails as Safe Haven　　Can Toncoin (TON) Lose All Gains？ Ethereum (ETH) $2,000 Plunge Is Possible, Shiba Inu (SHIB) Price Is in Strongest State Since March: Crypto Market Review　　BTC/USDT Chart by TradingView　　Then came 2020. Powells Fed lowered interest rates to almost zero and provided significant liquidity support during the crisis. Everything changed as a result. As cheap money, stimulus, institutional demand, and speculative appetite poured into risk assets, Bitcoin rose from a panic

05-12Industry

Lumentum joins NASDAQ-100 index, replacing CoStar Group on May 18

Lumentum Holdings, the company that makes the optical plumbing for AIs most power-hungry data centers, is getting a promotion. The photonics specialist will join the NASDAQ-100 Index on May 18, replacing CoStar Group, which was bumped due to its comparatively lower market capitalization.　　Nasdaq made the announcement on May 8, and the market responded predictably. Lumentum shares gained 5.39% in pre-market trading, a modest encore for a stock that has already climbed more than 1,200% since early 2024.　　The numbers behind the nod　　Look at Lumentums trajectory. The stock rallied 339% in 2025 alone, propelled almost entirely by demand for optical components that power high-speed data transmission in AI and cloud computing infrastructure.　　The companys most recent earnings report, from April 25, backed up the hype with actual revenue. Lumentum posted $452 million in Q1 2026 revenue, an 18% increase year-over-year. That growth came from the two sectors every hardware maker wants exposure to right now: artificial intelligence and cloud computing.　　CoStar Group, a commercial real estate analytics firm, drew the short straw in the NASDAQ-100‘s periodic rebalancing. The index regularly swaps constituents based on market capitalization, and CoStar’s valuation simply could not keep pace with the AI-fueled surge lifting companies like Lumentum.　　Why index inclusion

05-12Industry

5 Superstars You Won’t See At The World Cup

The World Cup is all about showcasing the planets best soccer players.　　But not all of the best players will be at the 48-team tournament, which starts on June 11. Injuries and the failure of certain nations to qualify will rob millions and millions of fans the joy of watching several of the worlds most talented players this summer.　　The failure of Italy to qualify for a third straight World Cup will mean that several top players will miss the tournament co-hosted by the United States, Canada and Mexico.　　Failure to qualify isn‘t the only reason. The long European club season certainly hasn’t helped as injuries, especially over the past few months, means players will miss out on what can often be a once-in-a-lifetime chance.　　Getty Images　　Here are five players who will miss out on the tournament:　　Xavi Simons (Netherlands)　　Xavi Simons, one of the biggest young stars from the Netherlands, plays as an attacking midfielder and became known after starring for PSV Eindhoven, RB Leipzig and later Tottenham Hotspur. He has also become a regular for the Dutch national team.　　Simons will not play at the World Cup after suffering a serious right knee injury, diagnosed with a ruptured ACL during a Premier League match for

05-12Industry

Euro dips below 1.1750 amid mixed Economic Sentiment data, growing geopolitical risks

EUR/USDs technical picture shows bearish momentum building up slowly on the 4-hour chart. The Relative Strength Index (RSI) around 46 hints at fading bullish pressure, while the Moving Average Convergence Divergence (MACD) has slipped marginally into negative territory, suggesting that upside momentum is waning.　　On the downside, the first notable support comes in at Friday‘s low, about 1.1725, ahead of a key support area between 1.1645 and 1.1675, which halted sellers several times in April. On the topside, the resistance area between 1.1790 and 1.1800 (May 1, 6, and 8 highs) is expected to test upside attempts ahead of April’s peak, at the 1.1850 area.　　Economic Indicator　　ZEW Survey – Economic Sentiment　　The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. Generally speaking, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish).　　Economic Indicator　　ZEW Survey – Current Situation　　The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of

05-12Industry

OCC Grants Conditional Approval to Augustus for First AI-Native US National Bank Charter

Bitcoin Ethereum NewsAugustus received OCC conditional approval to charter the first AI-native US clearing bank.CEO Ferdinand Dabitz aged 25 becomes the youngest federally chartered bank CEO in 100 years.Traditional clearing banks close 115 days yearly and take two days to settle transactions.　　A 25-year-old just received OCC approval to build Americas first AI-native clearing bank, Augustus, has received conditional approval from the Office of the Comptroller of the Currency to establish Augustus Bank N.A. as a full-service US national bank. The approval makes Augustus the first clearing bank built from the ground up for AI agents, programmable money, and always-on global settlement.　　Co-founder Ferdinand Dabitz, 25, will serve as CEO, becoming the youngest person to lead a federally chartered bank in over 100 years. Since 2010, fewer than ten full-service national bank charters have been granted in the United States.　　What Augustus Does Differently　　Traditional clearing banks are closed 115 days a year, built for human-initiated transactions, and take two business days to settle. Augustus is built around the opposite assumptions. Its primary banking system was designed from scratch for machine-initiated, agent-driven workflows that run continuously without human intervention.　　The US dollar is the most in-demand financial product in history but the infrastructure distributing it

05-12Industry

Plug Power (PLUG) Stock Jumps Over 12% Following Strong Q1 Revenue Beat

Plug Power Inc., PLUG　　Shares jumped 12.8% during Mondays regular session. Extended-hours trading on Tuesday morning showed additional gains of 6.3%, pushing the price to $3.74.　　The companys loss per share registered at -$0.08, outperforming the anticipated -$0.10. This represents a favorable variance of 20% and marks a 53% sequential improvement from the -$0.17 loss recorded during the first quarter of 2025.　　Top-line growth came in at 22% compared to the prior-year period. During Q1 2025, the company reported an operational deficit of approximately $180 million against revenue of roughly $134 million.　　This quarters operating deficit narrowed to about $109 million. Analyst projections had anticipated a loss near $110 million.　　The market‘s short interest positioning added intrigue to the report. Approximately 25% of the company’s float remains sold short—translating to roughly 350 million borrowed shares. This contrasts sharply with the Russell 2000s average short interest of around 8%.　　Given the positive results, some short sellers likely closed positions preemptively, potentially amplifying upward price momentum.　　Profitability Metrics Advancing　　Gross margin demonstrated substantial progress, expanding from -55% in the year-ago quarter to -13% currently—a remarkable 42-point improvement. Per-unit service expenses declined by more than 30%.　　The electrolyzer segment delivered particularly impressive results, with revenue climbing 343% year-over-year. Meanwhile, hydrogen fuel sales

05-12Industry

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