Crypto Industry News & Market Trends

Telegram’s TON Could Become the World’s Biggest Retail Blockchain After Explosive 100% Surge

Telegram has formally replaced the TON Foundation as the main force behind The Open Network (TON), with founder Pavel Durov confirming the messenger will become the chains largest validator. Toncoin (TON) responded by rallying more than 100%.　　The takeover, the third stage of Durov‘s “Make TON Great Again” program, places Telegram at the center of TON’s infrastructure. Investors read it as the strongest signal that the messenger plans to anchor a billion-user crypto economy on the chain.　　Why TON Is Rising　　TON‘s gains track Telegram’s renewed control over the network‘s roadmap and validation. Alexander Tobol, chief technology officer at Wallet in Telegram, spoke with BeInCrypto. He said the chain was originally built by Telegram’s team before spinning out as an open-source project.　　Tobol said the validator move signals deeper commitment from Telegram. It lifts interest in TON as a core part of the messengers stack.　　Toncoin (TON) Price Performance. Source: TradingView　　The messengers reach makes any default crypto layer immediately consequential. Telegram counts more than one billion users, giving the chain a distribution edge few rivals can match.　　$TON will surpass $BTC.　　– 1 Billion Telegram Users　　Direct access for nearly 1B people inside the app. No other chain has this distribution.　　– Lightning Tech　　0.6s finality + near-zero fees vs

05-09Industry

WTI declines as US-Iran deal hopes and Hormuz outlook weigh on Oil

In the daily chart, WTI US Oil trades at $92.47. The contract holds a constructive near-term bias as price remains above the latest triple simple moving average cluster around $91.98 and comfortably above both active rising trend-line supports, suggesting the broader uptrend is intact despite the recent pullback from this months highs. Momentum is more neutral, with the 14-day Relative Strength Index easing to about 48, hinting at consolidation rather than outright exhaustion on either side.　　On the downside, initial support is seen near the $92.00–$92.50 area, where spot trades just over the clustered simple moving averages at $91.98; a sustained break below here would expose the higher rising trend-line region around $89.00, ahead of the deeper structural uptrend support tied to the earlier line near $80.82. With no clear overhead reference levels in the dataset, any recovery above the current area would effectively extend the existing uptrend, leaving the focus on whether buyers can continue to defend the nearby moving average and trend-line floors as volatility rebuilds.　　WTI Oil FAQs　　WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also

05-09Industry

Lagarde Says Stablecoins Will Not Strengthen Euro’s Global Role

Lagarde pointed to the 2023 collapse of Silicon Valley Bank, when Circles USDC stablecoin briefly fell below its peg after revealing exposure to the bank, as an example of how quickly confidence can weaken.　　She said such episodes show how redemption pressures can spill into underlying asset markets and, as stablecoin use grows, create feedback loops between redemptions and prices, particularly where issuers are not banks.　　Technology function: Stablecoins are not the only solution　　On the technology side, Lagarde acknowledged the role of stablecoins in cross-jurisdictional financial market infrastructure that is accessible “without relying on a maze of legacy intermediaries.”　　However, she said that this technological function is not unique to stablecoins. Other forms of tokenized money, including commercial bank deposits or central bank money, could perform the same role within distributed ledger systems, Lagarde said.　　“The answer […] does not lie in rejecting technology or discouraging stablecoins altogether. Instead, we must build the public infrastructure that will enable alternative instruments, such as stablecoins and other forms of tokenised money, to operate within a framework anchored by central bank money.”　　Lagarde said the EU response is to facilitate wholesale settlement in central bank money through its Pontes project, which links distributed ledger platforms to the Eurosystems

05-09Industry

India’s Gold romance persists: 11 straight months of ETF inflows and no sign of stopping

Indian investors continue to pile up their bets on Gold via Exchange Traded Funds (ETFs), contributing to the rebound in demand for the precious metal as spot prices stabilize after Marchs sharp decline.　　Indias Gold ETFs extended their inflow streak to an eleventh consecutive month in April. Net inflows recorded $297.2 million, 68% more than the $176.6 million seen in March, according to data from the World Gold Council (WGC).　　Indian Gold ETFs have been registering inflows since May 2025, with a peak seen in January. Source: FXStreet using data from the World Gold Council.　　The interest of Indian investors in Gold ETFs has been persistent in the past year. Even in March, when Gold prices fell by a sharp 11%, these investment vehicles saw inflows from the country even as investors from most other geographies opted to leave.　　India contributed to the overall rebound in interest in Gold ETFs in April. Global physically backed Gold ETFs recorded inflows of $6.6 billion in the month, partly reversing Marchs outflows, with the largest inflows coming from the United Kingdom (UK), with $2.1 billion, the United States ($845 million) and Hong Kong ($732 million).　　Positive flows via ETFs are a bellwether for spot prices as investor demand

05-09Industry

Ethereum Sees Sharp Decline In High-Leverage Long Positions — See What Happens Next

Ethereum is experiencing a notable shift in derivatives positioning as high-leverage long positions decline sharply across the market. The reduction suggests that many overly aggressive bullish trades have either been closed voluntarily or forced out through recent liquidation events.　　Could Ethereum Be Preparing For A Short Squeeze Next？　　Crypto investor and data analyst known as CW on X pointed out that Ethereum is going through a significant deleveraging phase as high-leverage long positions continue to decline significantly across the market. At the same time, short positions have increased slightly, indicating that the market is not yet heavily crowded on the bearish side.　　The overall scale of high-leverage exposure remains relatively low, suggesting reduced systemic risk compared to earlier phases. Furthermore, most of the greedy long positions have already been liquidated, with the next attention now shifting toward short position liquidations.　　Amid this market phase, Ethereum whales are showing a behavior not seen in over a year, potentially signaling a major shift in market dynamics. An analyst known as Ali Charts has revealed that since October 6, 2025, wallets holding between 1,000 and 10,000 ETH have undergone a significant regime change in their market behaviour.　　Before this shift, this cohort was in a steady accumulation regime.

05-09Industry

BNB & Avalanche Hold Steady While BlockDAG Casino Goes Live, and It Is Already the Biggest Crypto Story of 2026

Crypto markets are grinding through a cautious stretch, with Avalanche near $9.27, up 0.54% in 24 hours, and buyers defending the $9.00 support zone. BNB holds around $627, backed by the BNB Foundations 35th quarterly burn, removing 1.56 million tokens worth $1.02 billion.　　Both are showing resilience, but neither is making a defining move. BlockDAG is a completely different story. BlockDAG Casino just went fully live, not a beta, not a soft launch, but a fully operational platform where BDAG holders spend tokens, collect rewards, and come back daily.　　With 13 exchange listings, confirmed Tier-1 integrations, and over 3.3 billion BlockDAG (BDAG) staked by long-term holders, this launch hands the token real, lasting utility that the market had been waiting on for months.　　AVAX Rebounds While Buyers Defend Crucial Market Support　　The Avalanche crypto price is showing early signs of a controlled recovery after several weeks of weak momentum. According to Brave New Coin, Avalanche is currently trading near $9.27, reflecting a 0.54% gain in the last 24 hours and a market capitalization close to $4 billion.　　The recent rebound from an intraday low near $9.05 suggests buyers are still active around the important $9.00–$9.10 support zone. Analysts believe the current trend could strengthen if

05-09Industry

Bitcoin Bulls Defend $79,200 as $28.3M in Long Liquidations Resets Risk

traded sideways on Friday as global markets appeared to shrug off the latest skirmishes between the U.S. military and Irans Islamic Revolutionary Guard Corps in the Strait of Hormuz. Similarly, the latest data showing nonfarm payrolls surging by 115,000 in April failed to give the a boost as it oscillated between $80,200 and $79,200.　　While the stability halted a recent slide that erased gains made at the start of the week, s price action over 24 hours meant it was poised to end the workweek marginally higher. Its market capitalization remained stuck just under $1.6 trillion, a nearly 2% increase from seven days ago.　　Predictably, the flat price action resulted in a marked decline in leveraged positions liquidated over a 24-hour period. alone saw $28.3 million in long bets liquidated in the period, versus $14.5 million in shorts. For context, approximately $91 million in overleveraged long positions were wiped out in the preceding 24 hours, compared with $12 million in shorts. Overall, the economy saw $202 million in leveraged positions wiped out, with longs accounting for $103 million.　　While the latest kinetic engagement between the U.S. and Iran represented a significant escalation in intensity compared to Mondays skirmishes, its brief duration reinforced the

05-09Industry

Trump’s UFO Disclosure Overshadows Iran Market Panic

Trumps UFO file release shifted attention as Iran tensions pushed oil higher and crypto markets sharply lower.Newly released UAP records and Apollo mission files reignited online debate over extraterrestrial activity.Bitcoin and Ethereum fell as investors reacted to Iran conflict fears and rising uncertainty in global markets.　　Rising tensions between the United States and Iran shook global markets on Friday. Oil prices jumped, cryptocurrencies fell, and investors moved toward safer assets after fresh military exchanges near the Strait of Hormuz. However, attention shifted after President Donald Trumps administration released a new batch of classified UFO and UAP files.　　The administration published what it described as “never-before-seen” videos, photos, and government records tied to unidentified anomalous phenomena. The Department of War said the release followed Trumps order to increase transparency around unresolved aerial incidents and extraterrestrial investigations.　　Officials also confirmed that more declassified material will be released in phases under the governments PURSUE disclosure program.　　UAP Release Sparks Political And Online Debate　　The Department of War said the newly released records contain unresolved UAP cases gathered over several decades. Officials said investigators could not reach firm conclusions in many incidents because of limited or incomplete data. However, the administration encouraged independent researchers and private analysts to examine

05-09Industry

No Entry Fee, Share $600,000! Zoomex Launches the World’s First Zero-Cost Trading Competition: Let Skill Be Your Only Asset

Today, Zoomex, one of the worlds leading cryptocurrency trading platforms, officially announced the launch of the “2026 Zero-Cost Trading Competition.” This competition not only features a prize pool of up to $600,000 but also, through its “zero-cost” model, completely eliminates financial barriers, extending an invitation to traders worldwide: This time, let skill be the only factor that matters.　　This competition not only provides participants with a professional trading experience at zero cost and zero risk but also embodies Zoomex‘s consistent core values—fairness, impartiality, and transparency. On the Zoomex platform, every user starts from the same starting line; rankings are not influenced by capital size, and all rankings are determined solely by trading strategies and execution, ensuring that every participant can personally verify the platform’s transparency and fairness.Zero-Cost Participation, Zero Risk　　Zoomex provides newly registered users with $100–$200 in bonus funds, allowing them to start the Individual Competition or Entertainment Challenge without making a deposit. Users can experience Zoomexs user-friendly trading interface and streamlined workflow in a risk-free environment, making it truly easy to get started.Large Prize Pool, Opportunities for EveryoneIndividual Competition: Total prize pool of $100,000 USDT, split among the top 10 participants based on rankings determined by return on investment (ROI)

05-09Industry

MARA Launches Consent Solicitation for Long Ridge Energy’s $600M Notes

Miami-based MARA Holdings, Inc. (NASDAQ: MARA) has initiated a consent solicitation to amend the terms of the $600 million 8.750% Senior Secured Notes due 2032 issued by Long Ridge Energy LLC. This move comes ahead of MARA‘s pending acquisition of Long Ridge Energy & Power LLC, part of MARA’s broader strategy to expand into high-performance computing and digital energy infrastructure.　　The consent solicitation, launched on May 7, 2026, seeks approval from bondholders to modify the indenture governing the notes. Key proposed amendments include removing the classification of the acquisition as a “Change of Control” event and recognizing MARA and its affiliates as permitted holders under the indenture. If approved by holders of a majority of the outstanding principal, these changes would eliminate the issuer‘s obligation to repurchase the notes at 101% of face value upon the transaction’s closing.　　As an incentive, MARA is offering a consent fee of $2.50 per $1,000 in principal for bondholders who agree to the amendments by the May 15, 2026, deadline. However, the payment of this fee is contingent on securing sufficient bondholder approvals and the successful completion of the acquisition, which is expected in the second half of 2026, pending regulatory clearances.　　The notes in question carry

05-09Industry

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