Crypto Industry News & Market Trends

Cardano Price Stuck Below $0.30—Will ADA Finally Trigger a Sustained Breakout?

The post Cardano Price Stuck Below $0.30—Will ADA Finally Trigger a Sustained Breakout？ appeared first on Coinpedia Fintech News　　Cardano has reclaimed the 11th position in the crypto market rankings as ADA continues consolidating between $0.25 and $0.28. Optimism surrounding the US-Iran peace talks briefly fueled a bullish breakout toward $0.2884, but fading momentum triggered a pullback toward the key support zone near $0.277. Since then, ADA has struggled to ignite a fresh rally, although the broader bullish structure remains intact. This raises a key question—can Cardano price finally overcome the crucial $0.30 resistance, and if so, when could the breakout occur？　　Cardano Open Interest Spikes as Traders Prepare for a Bigger Move　　The latest Coinglass data suggests traders continue positioning aggressively on Cardano despite the prolonged consolidation below $0.30. ADA Open Interest has climbed close to $590 million, marking one of the highest levels seen in recent weeks. Interestingly, this rise in Open Interest comes while the ADA price remains trapped within a narrow range.　　Typically, rising Open Interest during sideways price action indicates growing trader participation ahead of a volatility expansion. In Cardanos case, this suggests the market may be preparing for a decisive move rather than an extended consolidation phase.　　ADA Price

05-12Industry

MiCA tokenization Europe: crypto treasury shift to CASP-ready

Europes crypto market is moving into a tougher, more structured phase, and MiCA tokenization Europe is becoming the frame through which many companies now have to rethink their business. What once looked like a wide-open field for crypto treasury companies and payments platforms is starting to narrow as regulation tightens and investors focus more closely on who generates yield, who has compliance in place, and who can operate across borders.　　That shift is at the center of the case being made by Wojciech Kaszycki, chief strategy officer at BTCS SA and founder of Mobilum. His argument is straightforward: firms that merely hold digital assets may struggle to keep pace, while businesses that combine treasury exposure with operating infrastructure could move ahead.　　It is a notable claim at a time when public companies are increasingly holding digital assets on their balance sheets. The text points to more than 150 and nearly 200 public companies with digital assets in treasury, collectively holding over $100 billion in crypto. However, scale alone is not the same as strategy, and that distinction is now becoming central to Europes next crypto chapter.　　Why BTCS says the market will consolidate　　BTCS SA is described as Europes first dedicated Digital Asset Treasury

05-12Industry

US Dollar: Risk sentiment offsets data support – MUFG

MUFGs strategists note that the US Dollar (USD) has weakened despite solid United States (US) jobs data, as optimism over a potential US/Iran deal and surging US equities support risk appetite. They highlight downside risks to the US economy, scope for Federal Reserve (Fed) easing later this year, and warn that prolonged conflict and energy shocks could eventually limit Dollar selling.　　Dollar pressured by risk appetite　　“The US dollar weakened further last week with no resolution to the Middle East conflict in sight. Attacks in the Strait of Hormuz increased but the US maintains the ceasefire remains in place. That has seen oil prices drop over the last week.”　　“The magnitude of such strong risk appetite is lifting global optimism and encouraging US dollar selling. A strong US jobs report was not enough to trigger US dollar strength. The US Dollar could still see renewed gains and the longer the Strait of Hormuz remains closed the greater the potential of a turn in risk sentiment.”　　“We would still conclude that downside risks to the economy remain more relevant at this stage of the cycle. The Michigan Consumer Sentiment index fell to a new record low on Friday with the cost of living concerns very

05-12Industry

Three Tennessee Men Indicted Over $6.5 Million Crypto Robbery Spree

A federal grand jury has indicted three Tennessee men over an alleged crypto robbery spree, including one incident where a victim was forced at gunpoint to surrender $6.5 million in digital assets.　　Elijah Armstrong, Nino Chindavanh, and Jayden Rucker face conspiracy and kidnapping charges.　　Tennessee Trio Hunted Crypto Holders　　According to the press release, the defendants traveled from Tennessee and posed as delivery workers to enter victims homes. Investigators say the crew used guns, zip ties, and duct tape to restrain occupants.　　“Armstrong, 21, of Tennessee; Chindavanh, 21, of Tennessee; and Rucker, 25, of Tennessee, are alleged to have conspired to kidnap and rob individuals in San Francisco, San Jose, Sunnyvale, and Los Angeles in efforts to steal cryptocurrency from the victims,” the press release read.　　Prosecutors detailed one incident where the alleged attackers forced one victim to log into his cryptocurrency accounts at gunpoint. A co-conspirator then transferred roughly $6.5 million from those wallets to addresses controlled by the group.　　Armstrong and Rucker were arrested in Los Angeles on December 31. Chindavanh was detained earlier that month in Sunnyvale. All three remain in federal custody.　　US Attorney Craig H. Missakian commented in the indictment announcement.　　“These individuals, as alleged, terrorized their victims in the hopes of stealing

05-12Industry

XRP, Bitcoin and Ethereum as Institutional Collateral Is the Next Step Says Ripple Prime CEO

The post XRP, Bitcoin and Ethereum as Institutional Collateral Is the Next Step Says Ripple Prime CEO appeared first on Coinpedia Fintech News　　Ripple Prime CEO Mike Higgins says cryptocurrencies like XRP, Bitcoin, Ethereum, and Solana could soon play a much larger role in institutional finance through cross-margining and collateral systems.　　Speaking about the future of tokenized finance, Higgins explained that institutions may eventually use digital assets, stablecoins, and tokenized money market funds as collateral for settlement and margin requirements, rather than relying solely on dollars or U.S. Treasuries.　　“Bitcoin, Ethereum, XRP, and Solana tokenizing anything of value as collateral for margin and settlement is the next step,” Higgins said.　　XRP Utility Expands Beyond Payments　　According to Higgins, the next phase of crypto adoption is not just about trading or payments but about using blockchain assets as high-grade collateral across financial markets.　　He explained that cross-margining allows institutions to use assets efficiently across multiple products without first liquidating positions. This could improve capital efficiency while increasing the real-world utility of blockchain networks like the XRP Ledger.　　Higgins also pointed out that major crypto assets are increasingly being treated similarly to products listed on regulated exchanges, especially as institutional infrastructure continues improving.　　“Were still early on in the space,”

05-12Ethereum

Ray Dalio questions Bitcoin safe-haven role as Saylor fires back

Bridgewater Associates founder Ray Dalio said Bitcoin has not acted as the safe-haven asset many investors expected. Ray Dalio said Bitcoin lacks privacy because transactions can be monitored and possibly controlled.Dalio argued investors often sell Bitcoin during market stress to raise liquidity elsewhere.Michael Saylor pushed back, calling gold analog capital and Bitcoin digital capital for collateral.　　In a May 11 post, he said Bitcoin gets heavy attention but has fallen short when compared with gold during market stress.　　Dalio pointed to three issues. He said Bitcoin lacks privacy, trades with a strong link to tech stocks, and remains small compared with gold. He also said gold has a deeper role in the global financial system.　　Privacy remains a key concern　　Dalio wrote, “First, Bitcoin lacks privacy.” He added that transactions can be monitored and potentially controlled. In his view, that makes Bitcoin less attractive to central banks as a reserve asset.　　Bitcoins public ledger is part of its design. All confirmed transactions are recorded on a shared blockchain, allowing the network to verify ownership and spending without a central authority. That structure supports transparency, but it also creates the privacy concern Dalio raised.　　Moreover, Dalio also said Bitcoin has not behaved like gold during stress periods.

05-12Industry

Euro: Bearish-leaning against as ZEW stays weak – ING

INGs Francesco Pesole notes EUR/USD has held up with risk sentiment despite Gulf tensions, but warns current levels may not withstand an equity correction. He expects ZEW surveys to show further deterioration in German sentiment and maintains a bearish-leaning view on EUR/USD, arguing a break above 1.180 looks unsustainable while a retest of 1.170 is more likely.　　ZEW weakness and fragile EUR/USD levels　　“EUR/USD has continued to hold up well alongside risk sentiment despite growing pessimism about a resolution in the Gulf. But any meaningful equity correction would likely prove incompatible with current levels, even if ECB pricing remains more hawkish than the Feds.”　　“Todays eurozone calendar includes the ZEW surveys, which will give a first glimpse of sentiment in Germany in May. Consensus is looking at a further deterioration in both the expectations and current situation indices.”　　“These surveys can be hard to interpret in such a geopolitically volatile environment, but the message should be one of (predictable) worsening in the eurozones growth outlook.”　　“Our view of EUR/USD remains bearish-leaning unless we start to see tangible steps towards a US-Iran peace deal. A break above 1.180 hardly looks sustainable in this environment, and a retest of 1.170 looks more likely if anything.”

05-12Industry

Binance receives $1.35B ETH deposit from Garrett Jin as crypto market rebounds

Garrett Jin, the founder of collapsed crypto exchange BitForex, deposited approximately 577,896 ETH into Binance over a four-day stretch ending May 11. The total haul: roughly $1.35B worth of Ethereum, capped by a final transfer of 225,627 ETH valued at $528 million.　　Roughly eight months ago, Jin swapped a substantial BTC position into ETH at a price of $4,591 per coin. At current prices, that trade has produced an estimated $1.3B in unrealized losses.　　Analysts tracking the deposits have flagged two competing interpretations. The bearish read is straightforward: Jin is preparing to liquidate, which would dump significant supply into the market and potentially trigger cascading sell pressure. The alternative view is that Jin could be positioning for staking, lending, or further trading rather than an outright sale. No confirmed sell orders have been initiated in connection with these deposits, which lends some credibility to the repositioning thesis.　　Jin‘s deposits aren’t happening in isolation. The Ethereum Foundation sold 100,000 ETH on April 26 at a price of $2,337, a move that reignited debate about centralization risks and how large holders influence ETHs supply dynamics.　　The immediate risk is clear: if Jin begins liquidating even a fraction of his 577,896 ETH position on Binance, the sell

05-12Ethereum

Ethereum Treasury Race Heats Up as Sharplink and Galaxy Launch $125 Million Onchain Yield Fund

Digital asset firm Galaxy and Ethereum treasury platform Sharplink are joining forces to launch the Galaxy Sharplink Onchain Yield Fund, a private vehicle targeting institutional capital with $125 million in initial commitments. Sharplink will contribute $100 million from its staked Ether reserves, while Galaxy adds $25 million and assumes the manager role. The fund will allocate capital across liquidity protocols and onchain yield strategies, marking a clear push to extract returns beyond standard staking. Galaxy CEO Mike Novogratz framed the structure as institutional-grade DeFi infrastructure, offering yield and risk controls that mirror traditional finance frameworks while keeping Ethereum exposure intact.　　Sharplink reported a first-quarter net loss of $685.6 million, or $3.25 per diluted share, with roughly $506.7 million tied to unrealized markdowns on its Ether holdings as prices retreated from January highs near $3,354 to $2,104 by quarter-end. Revenue, however, surged to $12.1 million from just $700,000 a year earlier, driven by staking income from its treasury operation. The Ethereum co-founder Joseph Lubin-chaired firm now holds more than 868,000 ETH and has accumulated roughly 18,800 ETH in cumulative staking rewards since launching its treasury strategy in June 2025, ending Q1 with $16.9 million in cash reserves.　　Crypto platform Krakens parent company Payward

05-12Ethereum

Ronin Ethereum migration goes live on May 12

Ronin Ethereum is migrating to a Layer 2 on May 12 with roughly 10 hours of scheduled downtime.Ronin will hard fork at block 55,577,490 on May 12, transitioning from an independent sidechain to an Ethereum Layer 2 on the OP Stack.All transfers, swaps, and smart contract interactions will pause for roughly 10 hours during the migration window.RON token inflation will drop from over 20% to below 1%, with 90 million RON redirected to the treasury as marketplace fees rise to 1.25%.　　Ronin, the gaming-focused blockchain behind Axie Infinity, is executing a hard fork on May 12 to complete its transition from an independent sidechain to an Ethereum Layer 2. The migration was announced in April and will trigger at block 55,577,490, expected around 15:16 UTC.　　All Ronin transactions will pause for roughly 10 hours during the migration window. That covers transfers, swaps, NFT trades, and smart contract interactions. Node operators on Ronin mainnet are required to upgrade to release 1.2.2 before the hard fork.　　What changes after the migration　　Ronin said the move is about plugging “back into the mothership.” The new structure will link the network directly to Ethereum for settlement and data availability, replacing the older nine-validator sidechain model with OP Stack

05-12Ethereum

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