Crypto Industry News & Market Trends

Dogecoin slides 4%, bitcoin rally pauses as Iran ceasefire optimism lifts equities

The crypto rally took a pit stop on Thursday while equities kept zooming higher.　　Bitcoin traded at $80,945 in Asian hours, down 0.7% over 24 hours but still up 6.9% on the week. Ether (ETH) slipped 2% to $2,326, and was the major laggard, dropping 4.4% to $0.1106 after last weeks run took its 30-day return into the double digits.　　XRP and BNB held steadier, with XRP at $1.41 and BNB up 1.3% to $643. Solana zoomed 6.1% on the week to $88.06.　　The pullback came as global stock markets ripped to fresh records on U.S.-Iran ceasefire hopes, with reports indicating the two countries are working on a proposal to end the nearly 10-week conflict.　　The MSCI All Country World Index advanced 0.3% and MSCI‘s Asia gauge jumped 1.9% to a record, with Japan’s Nikkei 225 hitting an intraday high. South Korea passed Canada as the worlds seventh-largest equity market by value, with Softbank surging 18% and TSMC adding 3.3%. Wall Street gauges closed at all-time highs Wednesday with about 80% of S&P 500 companies beating earnings estimates, Bloomberg reported.　　Brent crude held under $102 a barrel on speculation a US-Iran deal would help resume oil shipments through the Strait of Hormuz, while gold zoomed

05-07Industry

ETH Stuck Below $2.4K Despite Wider Crypto Market Recovery

Crypto Ethereum　　ETH Stuck Below $2.4K Despite Wider Crypto Market RecoveryA 50% drop in exchange activity and decentralized application revenue is stalling Ether price growth.Institutional investor interest in Ether remains under pressure as major holders like Bitmine face billions in unrealized losses.　　Ether (ETH) has failed to sustain levels above $2,400 for the past three months, consistently lagging behind most of its peers. Ether‘s down 21% in 2026, and investors have expressed uncertainty about the altcoin’s inability to mirror the broader market recovery.　　The total cryptocurrency market capitalization is down 11% year-to-date, suggesting specific headwinds for Ether remain in play. A decline in decentralized applications (DApps) activity partially explains this fading interest. Regardless of whether this trend has affected the industry as a whole, the shift negatively affects ETH price formation.　　Decentralized exchanges (DEX) volumes fell by 53% in six months, a sector largely responsible for Ethereums DApps activity. Consequently, these DApps experienced a 49% decline in revenue over the same period. While the sharp drop in memecoin prices and token launches contributed to reduced DEX appeal, other factors, including protocol hacks, also played a significant role.　　Multiple hacks had a negative impact on DApp activity　　The cryptocurrency industry suffered in April, with KelpDAO and Drift

05-07Industry

Crypto News From Consensus Miami: Arthur Hayes Latest Take on Bitcoin and Crypto Market

Bitcoin Crypto　　Crypto News From Consensus Miami: Arthur Hayes Latest Take on Bitcoin and Crypto Market　　Arthur Hayes arrived at Consensus Miami 2026 with another crypto news headline: $125,000. The BitMEX co-founder and Maelstrom CIO used his keynote slot at CoinDesks flagship crypto news conference, running May 5–7 in Miami, to lay out a liquidity-driven bull thesis for Bitcoin that cut against the cautious tone dominating broader markets this year.　　Bitcoin has been trading in a consolidation range around the $70,000–$80,000 band, with analysts watching those levels as the immediate battleground between bulls and bears.　　Hayes argued that Q1 2026 amounted to what he called a “no-trade zone,” shaped by a drawdown in U.S. tech stocks, SaaS names in particular, and a shock wave through the AI sector.　　???? BIG: At #Consensus2026, Arthur Hayes says Bitcoin is heading to $125,000 soon.@CryptoHayes pic.twitter.com/4eXtzIGgHk　　— The Crypto Times (@CryptoTimes_io) May 5, 2026　　The pivot, in his telling, came on February 28: a U.S.-Israel conflict with Iran triggered monetary accommodation, and Bitcoin has outperformed both the Nasdaq and gold from that date forward. Hayes also warned that 99% of altcoins could go to zero, while simultaneously defending their long-term role, an apparently contradictory stance that drew pointed audience questions.　　His broader

05-07Industry

Quantmap Co-Founder Warns Single-Platform Influencers Could Be Hiding Botted Fans

Tech　　Quantmap Co-Founder Warns Single-Platform Influencers Could Be Hiding Botted Fans　　A study conducted in late 2024 pulled back the curtain on the “shill culture” permeating the Web3 ecosystem after revealing that a staggering 76% of X-based influencers leveraged their platforms to promote meme coins that have since collapsed. Even more damning, two-thirds of these digital assets are now deemed functionally worthless, leaving retail investors holding the bag for liquidated projects.　　The study further highlighted a bizarre inverse relationship between popularity and performance. Personalities with followings exceeding 200,000 yielded the most disastrous outcomes, with their calls resulting in an average 89% loss within a mere 90 days. These catastrophic returns underscore a dangerous reality: Many of these high-profile figures possess significant social reach but lack even the most foundational financial credentials.　　For critics and financial watchdogs, these figures serve as a definitive smoking gun for the necessity of stringent investor protection laws. The unchecked dissemination of speculative advice has prompted a legislative counter-offensive in key global markets like the United Arab Emirates and the United Kingdom.　　However, just as regulators begin to get a grip on human influencers, the goalposts have shifted. The rise of artificial intelligence influencers is creating a legal quagmire, as these

05-07Industry

Here’s Why Toncoin Price Is Up 35% Today, May 7

Tech　　Heres Why Toncoin Price Is Up 35% Today, May 7　　The cryptocurrency market is not making strong gains today, May 7, but Toncoin (TON) has stood out. The price went from $2.42 to $2.90. But this is just the tip of the iceberg because, zooming out, it is evident that the gains did not start today but on May 4 when the price was at $1.35. That means Toncoin price has doubled in just three days. But what is causing this “up only” trend？　　Buyers, Network Upgrades Push Toncoin Price to 7-Month High　　Toncoin is not leaving the spotlight because of the gains that are going on. They started on May 4, and by May 7, during the Asian trading session, it had reached $2.90. It was the first time reaching this price since late September 2025.　　And a lot of these gains are being caused by buyers because on CoinMarketCap, trading volumes had a reading of $1.84 billion after increasing by 84%. If this continues, then Toncoins 114% rise in the last three days is just the beginning of its journey upwards.　　Earlier this week, CoinGapes article shed light on what may be causing the price to go up after saying that Telegram founder

05-07Industry

BTC mining metrics improve, but not enough to halt the AI pivot

Bitcoin　　BTC mining metrics improve, but not enough to halt the AI pivot　　The combo of BTC‘s rising token price and falling network difficulty is offering some relief for block reward miners, but nowhere near enough to convince the ’pivot to AI‘ crowd that they’re making a mistake.　　On May 2, the BTC network‘s mining difficulty rate fell 3.1 points to 132.5 trillion hashes (the average number of guesses required to ’find a new block and claim the block reward), bringing the net decline to 10.7% over the past four months.　　Combined with the recent not-at-all-manipulated surge in the BTC token‘s price, the average all-in cost to mine a single BTC is only several hundred dollars below the token’s value. For those miners fortunate enough to have ample access to cheap electricity, its a rare and welcome opportunity to book some rare profits.　　But the next difficulty adjustment on May 15 is expected to inch back up to 134.3 trillion, and the behind-the-scenes price pumping could end on a moment‘s notice. So don’t expect too many miners to reverse course on their ongoing ‘pivot’ to serving as data centers for AI companies, which provides far more reliable revenue streams than securing the BTC network. In

05-07Industry

USD/INR: Volatility curbed as RBI eyes dollar inflows – DBS

Finance　　USD/INR: Volatility curbed as RBI eyes dollar inflows – DBS　　DBS Group Research economist Radhika Rao notes that the Reserve Bank of India (RBI) is exploring measures to attract more US Dollar (USD) flows to support the Rupee and address the balance of payments gap. These may include foreign currency bond issuance by state-owned banks with swap arrangements, but a sustained INR recovery is seen as unlikely without a material improvement in capital flows.　　Rupee support from flows and measures　　“Indias central bank is, reportedly, studying measures to draw in more dollar flows to curb rupee weakness and plug the balance of payments gap.”　　“This includes a plan for state-owned banks to sell foreign currency bonds, reviving a measure that was utilized nearly three decades ago.”　　“At this juncture, any foreign currency bond might also be accompanied by swaps for participating lenders to hedge currency risks, in turn helping to improve returns for investors.”　　“These swap arrangements will need to factor in higher prevailing US rates vs past cycles (including 2013 taper tantrum), which in turn implies higher subsidy support from the RBI.”　　“The rupee is likely to enjoy a temporary reprieve on global and local cues though a protracted rally is unlikely until the flows outlook

05-07Industry

Core Scientific shares slip as Q1 loss offsets revenue growth

Core Scientific reported $115.2 million in first-quarter revenue, up from $79.5 million a year earlier. Core Scientific revenue rose to $115.2 million, driven mainly by fast-growing colocation business demand.The miner posted a $347.2 million net loss due largely to non-cash impairment charges.Self-mining revenue fell sharply as Bitcoin output dropped and the firm shifted toward AI infrastructure.　　Gross profit also rose to $30.1 million from $8.2 million in the same period last year. The growth came mainly from colocation revenue, which reached $77.5 million. That was up from $8.6 million in Q1 2025 as the company delivered more billable power capacity to customers.　　The companys Bitcoin self-mining revenue moved in the opposite direction. It fell to $30.1 million from $67.2 million due to a 45% drop in Bitcoin mined and an 18% decline in the average Bitcoin price.　　Net loss weighs on stock　　Core Scientific posted a $347.2 million net loss in Q1, compared with net income of $576.3 million a year earlier. The loss included $266.5 million in non-cash impairment charges and a $30.8 million non-cash loss tied to warrants and contingent value rights.　　MarketBeat reported that Core Scientific posted an EPS loss of $1.06, missing analyst estimates, while revenue came in slightly below expectations

05-07Industry

Why More People Are Choosing Crypto-Friendly Gift Card Platforms

The Rise of Crypto-Friendly Gift Card Platforms　　It goes without saying that the crypto industry has matured well beyond its early image when it was a niche field reserved for cyphurpunks and tech enthusiasts. Today, many consumers want real-world ways to use their coins – whether for entertainment, travel, shopping, or everyday services.　　This is gift cards come into play – they bridge the gap between digital assets and mainstream retail customers. Current adoption trends are also pointing toward a broader momentum, with Chainalysis reporting strong global consumer crypto adoption last year, going into this year as well.　　Undoubtedly, another reason for this increase is the sheer convenience. Traditional crypto checkout options tend to be unavailable everywhere, and many merchants dont yet accept crypto payments directly. This problem is solved by crypto gift cards because instead of waiting for every store to add native crypto support, users can buy branded cards and use them almost instantly and everywhere.　　This model suits the way people show now – modern buyers value speed, mobile access, and simple transactions. A crypto-friendly platform allows them to use Bitcoin, Ethereum, or other assets for purchases without having to move funds through multiple apps, exchanges, wallets, or whatnot.　　Benefits of Using

05-07Industry

Dogecoin Price Prediction: DogeOS CEO Says DOGE Has No On-Chain Economy And He Is Building One

Tech　　Dogecoin Price Prediction: DogeOS CEO Says DOGE Has No On-Chain Economy And He Is Building OneDOGE trades at $0.1112, down 1.09%, pulling back from the triangle upper boundary at $0.1130 with Supertrend at $0.1006 as support.DogeOS CEO told CCN at Consensus 2026 there is no on-chain economy for Dogecoin and his EVM layer aims to fix that.OI dropped 10.92% to $1.57B as longs absorbed $6.82M against $1.99M for shorts in 24 hours.　　Dogecoin trades at $0.1112 on May 7, down 1.09%, pulling back from the ascending triangle upper boundary after a 14.5% weekly run, as DogeOS CEO Jordan Jefferson told CCN at Consensus 2026 that billions in Dogecoin trading value flows entirely to centralized exchanges with no on-chain economy behind it.　　DOGE Ascending Triangle: Upper Boundary At $0.1130 Has Rejected Price Twice　　The ascending triangle has been forming since the February low near $0.0860, lower boundary rising steadily and upper boundary flat near $0.1120 to $0.1130. Price tagged the upper boundary yesterday before pulling back, the same rejection that occurred in March and April.　　The Supertrend at $0.1006 is bullish and rising below price. The 20-day EMA at $0.1045, 50-day at $0.1004, and 100-day at $0.1053 form a dense support cluster between $0.1004 and

05-07Industry

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