Crypto Industry News & Market Trends

Zcash Outperforms Cardano With 65% Price Run-Up, Flips Market Position

Privacy token Zcash (ZEC) is up in the last 24 hours, taking its weekly gain to 65% according to CoinMarketCap data.　　The recent rise has caused Zcash to surpass Cardano (ADA)s market capitalization and it is currently the 11th largest cryptocurrency by market capitalization with a valuation of $9.824 billion, while Cardano sits in the 12th spot of largest cryptocurrencies with a market cap of $9.81 billion.　　ZEC has risen over the past month following Multicoin Capital‘s disclosure of a “significant” position in the privacy coin. Prominent crypto fund Multicoin Capital disclosed it had been building a large Zcash position since February, saying that ZEC’s shielded transactions could offer security against increased government efforts to audit and tax visible crypto holdings.　　Avalanche Founder Warns of Bitcoin (BTC) Crisis　　Shiba Inu (SHIB), XRP, Toncoin (TON), Bitcoin (BTC) and Ethereum (ETH) Price Analysis for May 9th: Breakouts Fail, Key Support Levels Crack and Bullrun Momentum Collapses　　You Might Also Like　　Zcash is set to roll out quantum-recoverable wallets in readiness against future quantum computing threats. The privacy coin aims to achieve full post-quantum status within 12 to 18 months, putting it ahead of major cryptocurrencies in quantum readiness.　　ZEC is currently trading at $587, up 88% in the last

05-10Industry

Ethereum Large-Holder Activity Drives Short-Term Consolidation, Instability — Details

Ethereum　　Ethereum Large-Holder Activity Drives Short-Term Consolidation, Instability — Details　　Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.　　Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.　　In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.　　In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.　　Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that

05-10Ethereum

Gold ETFs Rebound With $6.6 Billion Inflows After Record Selloff

Global Gold ETFs Flipped Positive in April with European Investors Leading the Rotation. Source: World Gold CouncilGold Flows Reverse Course in April　　The return of inflows came as gold prices stabilized. Bullion slipped 1.12% in April after plunging 13% in March, its sharpest monthly decline since 2008.　　Year-to-date, global gold ETFs have recorded $19 billion in net inflows. Total assets under management rose 1% month over month to $615 billion, while collective holdings increased by 45 tonnes to 4,137 tonnes, the third-highest level on record.　　The flow reversal coincided with a much shallower price drop. The bullion edged down just 1.12% during the month, compared with Marchs 13% rout. That marked the steepest monthly decline since 2008.　　All regions contributed to Aprils recovery. European funds added $3.7 billion, Asian funds $1.8 billion, and North American funds $1 billion. Year-to-date, global gold ETFs have pulled in $19 billion.　　Those inflows lifted total assets under management by 1% month over month to $615 billion. In addition, combined gold holdings climbed 45 tonnes to 4,137 tonnes, the third-highest level on record.　　Chinas Steady Bullion Bid　　Meanwhile, China has remained a consistent gold buyer even through the war-driven volatility. The Peoples Bank of China (PBoC) added over 8 tonnes of gold

05-10Industry

BlackRock looks to sidestep Clarity yield issues, filing for two new tokenized money market funds

BlackRock is accelerating its push to bring Wall Street yields to the blockchain, filing paperwork with US regulators to introduce a pair of tokenized money market funds.　　The move represents a major escalation in the asset management giants strategy to bridge traditional financial instruments with the rapidly expanding digital asset ecosystem.　　According to May 8 filings submitted to the Securities and Exchange Commission (SEC), the worlds largest asset manager intends to issue digital shares for an existing multibillion-dollar treasury fund, alongside an entirely new vehicle tailored specifically for the crypto-native market.　　The dual rollout targets a growing demographic of investors who park their wealth in digital wallets and stablecoins rather than traditional brokerage accounts. It also cements BlackRocks position as a dominant infrastructure provider for the burgeoning tokenized real-world asset (RWA) sector.　　Nate Geraci, president of investment advisory firm NovaDius Wealth, characterized the filings as a bellwether for the broader financial industry.　　“You‘ll be seeing much more of this from top asset managers,” Geraci said, noting that BlackRock’s initiative would be the first of many similar strategic pivots expected from institutional heavyweights in the near future.　　BSTBL and BRSRV　　The first of the two proposed products will digitize a portion of the BlackRock Select Treasury-Based Liquidity Fund

05-10Industry

TeraWulf (WULF) Stock: Q1 2026 Results Show AI Revenue Surge Despite $427M Loss

Q1 2026 net loss reached $427M for TeraWulf, significantly higher than the $61.4M loss recorded in Q1 2025.High-performance computing lease income surged 117% sequentially to $21M, representing approximately 60% of quarterly revenue.Bitcoin mining income declined by half to approximately $13M.Cash and restricted cash reserves totaled around $3.1B at quarter end.WULF shares declined 2.6% Friday but remain up more than 105% for the year.　　TeraWulfs first quarter 2026 financial results revealed a net loss of $427 million, representing a significant increase from the $61.4 million loss the company reported during the corresponding period in 2025.　　TeraWulf Inc., WULF　　Quarterly revenue totaled $34 million. The companys high-performance computing lease segment generated $21 million — comprising roughly 60% of overall revenue — following a remarkable 117% sequential increase.　　Revenue from Bitcoin mining operations, in contrast, plummeted 50% to approximately $13 million amid challenging conditions affecting the broader mining industry.　　$WULF Earnings are out!　　Revenue: $34.0M vs $36.59M est　　EPS: -1.01 vs -0.19 est　　Shares of WULF declined 2.6% Friday in response to the quarterly report. Nevertheless, the stock has climbed more than 105% since the beginning of the year and has risen over 30% during the past 30 days.　　HPC Business Emerges as Primary Revenue Driver　　The high-performance computing revenue stemmed from 60

05-10Industry

SUI Breakout Gains Momentum—Can the Price Surge Another 20% in May?

The post SUI Breakout Gains Momentum—Can the Price Surge Another 20% in May？ appeared first on Coinpedia Fintech News　　The SUI price is showing renewed bullish momentum after breaking out of a prolonged consolidation range that capped the crypto for nearly three months. As the broader crypto market recovers alongside Bitcoins rise above key levels, SUI has started outperforming several altcoins with a strong breakout above the psychological $1 mark.　　The recent rally has pushed the SUI price above $1.10 while traders now speculate whether the bullish momentum could trigger another 20% upside move in the coming weeks.　　SUI Price Breaks Above Multi-Month Consolidation Range　　The daily chart suggests SUI has finally escaped a prolonged accumulation phase after trading within a broad range between roughly $0.85 and $1.03 since February. The latest breakout above the upper boundary of the consolidation zone signals that bulls may now be attempting to initiate a fresh upward trend.　　The price has also reclaimed the key resistance zone near $1.05, which previously acted as a major support level before the broader correction phase. SUI is now attempting to flip the next crucial resistance near $1.15, which could determine the next phase of the rally. Meanwhile, the Chaikin Money Flow (CMF)

05-10Industry

Shiba Inu (SHIB), XRP, Toncoin (TON), Bitcoin (BTC) and Ethereum (ETH) Price Analysis for May 9th: Breakouts Fail, Key Support Levels Crack and Bullrun Momentum Collapses

Bitcoin Ethereum　　Shiba Inu (SHIB), XRP, Toncoin (TON), Bitcoin (BTC) and Ethereum (ETH) Price Analysis for May 9th: Breakouts Fail, Key Support Levels Crack and Bullrun Momentum Collapses　　Despite short-term stabilization above the March lows, Shiba Inu is still trading within a larger bearish market structure. The 200-day moving average is still sharply declining, and the daily chart displays SHIB trapped beneath all major moving averages. That in and of itself indicates that the macro trend is still weak, despite the recent phase of consolidation.　　Almost immediately after the price touched the declining 50-day moving average, the attempt to break out from the small ascending triangle failed. Higher resistance zones could not be reclaimed by buyers due to a lack of momentum, and volume remained largely quiet during the move.　　SHIB/USDT Chart by TradingView　　When momentum indicators stay neutral rather than overbought, failed breakouts inside downtrends typically function as continuation signals rather than reversal signals. When the RSI is close to the mid-50 range, it indicates weakness rather than strength.　　Shiba Inu (SHIB), XRP, Toncoin (TON), Bitcoin (BTC) and Ethereum (ETH) Price Analysis for May 9th: Breakouts Fail, Key Support Levels Crack and Bullrun Momentum Collapses　　XRP Price Eyes Breakout, TON Jumps 69%, Bollinger Finally Bullish on

05-10Ethereum

Why Analysts Believe Ethereum Can Reach $15,000 This Cycle

Ethereum　　Why Analysts Believe Ethereum Can Reach $15,000 This Cycle　　Ethereum is trading just above $2,330, a price that, on the monthly chart, is sitting just above within a long accumulation zone.　　However, recent market dynamics show that Ethereum is destined for far higher prices than $2,300 this cycle, and this is not only about traders waiting for another rotation into ETH. The outlook is that the Ethereum price will cross above $10,000 this cycle based on factors that are turning Ethereum into a base layer for regulated on-chain markets.　　Wall Street To Push Ethereum Price To $15,000　　According to a crypto analyst that goes by the name Crypto Patel on X, Ethereum is going to trade somewhere between $10,000 and $15,000 this cycle, and there are about 10 reasons why this is going to happen.　　His price prediction is based on the idea that Ethereum is no longer being controlled only by retail speculation or short-term market sentiment. Instead, the network is becoming one of the main settlement layers for tokenized finance, institutional custody, exchange-traded products, and corporate ETH accumulation.　　The analyst pointed to BlackRock‘s filing for two tokenized money-market funds on Ethereum, JPMorgan’s MONY fund going live on Ethereum, and BlackRocks BUIDL fund reportedly reaching

05-10Ethereum

BST Group to build new Nvidia office tower in Yokneam for NIS 170M

Nvidia is putting down even deeper roots in Israel. BST Group has been tapped to construct a new office tower for the chipmaker in the northern Israeli city of Yokneam, a project valued at NIS 170 million (roughly $47 million at current exchange rates).　　Partial delivery of the tower is expected in 2027, with full occupancy slated for 2028.　　Nvidias expanding Israeli footprint　　Nvidia previously signed a 10-year lease agreement worth NIS 230 million with Melisron for 29,000 square meters in the same area. All told, Nvidias footprint in Israel now includes over 68,000 square meters in Yokneam.　　The company is planning a massive 160,000 square-meter campus in nearby Kiryat Tivon, a facility designed to eventually house 10,000 employees.　　The Mellanox connection　　In 2019, Nvidia acquired Mellanox Technologies for $6.9 billion. Mellanox, headquartered in Yokneam, specialized in high-performance networking technology, the kind of infrastructure that connects GPUs in data centers and makes large-scale AI training possible. The acquisition gave Nvidia both critical technology and a significant Israeli workforce.　　What this means for investors　　Between the existing 68,000 square meters in Yokneam and the planned 160,000-square-meter Kiryat Tivon campus, Nvidia is building capacity for a workforce that could number well into the tens of thousands in Israel alone. BST

05-10Industry

Banking Lobby Tries to Kill CLARITY Act Four Days Before Senate Vote

The post Banking Lobby Tries to Kill CLARITY Act Four Days Before Senate Vote appeared first on Coinpedia Fintech News　　Four days before the Senate Banking Committee votes on the CLARITY Act, major banking trade groups have submitted a joint letter demanding changes to a stablecoin yield compromise they had already accepted.　　The American Bankers Association, Bank Policy Institute, and three other major banking lobbies sent the letter to Senate Banking Committee leadership after the markup vote was officially scheduled for May 14. The timing is deliberate. The Memorial Day recess begins May 21. If the bill does not clear committee before then, it gets pushed off the Senate calendar entirely and a full year of negotiations resets to zero.　　What the Compromise Actually Said　　The bipartisan compromise reached on May 1 by Senators Thom Tillis and Angela Alsobrooks was straightforward. Crypto companies cannot pay passive yield on stablecoins the way a bank pays interest on deposits. However, rewards tied to actual usage, transactions, and platform activity remain permitted.　　Banks agreed to this framework. Then the Senate Banking Committee scheduled the May 14 markup. Within days, the same banking groups submitted a letter demanding the entire rewards framework be scrapped.　　What Banks Are Really Worried About　　The

05-10Industry

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