Crypto Industry News & Market Trends

FLOKI Price Prediction: Dead Cat Bounce Fading Fast - 25% Drop to $0.000025 by June

The Immediate Setup　　FLOKI is painting a textbook distribution pattern at $0.0000338, riding dangerously close to Bollinger Band resistance with a %B position of 0.97. The 1.41% daily gain masks underlying weakness – this bounce lacks conviction with MACD histogram sitting flat at zero. Smart money is clearly taking profits into this relief rally, and the RSI at 62.32 confirms buyers are already getting stretched thin.　　Key Levels Exposed　　The technical picture screams caution. Moving averages are providing zero meaningful support structure, while the Stochastic reading of 78.61 versus %D at 62.89 shows momentum diverging from price action. Blockchain.news data reveals FLOKIs daily ATR remaining suppressed, indicating low conviction from both bulls and bears. This sideways grind typically precedes sharp moves, and with resistance levels undefined in the current range, any breakdown will find little support until major psychological levels.　　Sentiment vs Reality　　Caroline Bishops April 30th analysis calling for a 15% correction through June appears overly conservative given current technicals. Her observation about “flat MACD momentum” and “extended sideways action” was spot-on, but the risk-reward has deteriorated significantly since then. While Blockchain.news coverage shows limited KOL engagement on FLOKI recently, the absence of bullish narratives during this bounce is telling. Volume at $5.1M on

05-07Industry

BNY Expands Crypto Custody Push to Abu Dhabi as UAE’s Digital Asset Race Heats Up

The post BNY Expands Crypto Custody Push to Abu Dhabi as UAEs Digital Asset Race Heats Up appeared first on Coinpedia Fintech News　　BNY, the worlds largest custodian bank with nearly $59 trillion in assets under custody and administration, is making a bigger move into crypto. The Wall Street giant is expanding its digital asset custody business into Abu Dhabi through partnerships with Finstreet and ADI Foundation.　　As per the report, the new initiative will operate inside Abu Dhabi Global Market (ADGM), one of the Middle Easts fastest-growing crypto and blockchain hubs. Initially, the focus will be on custody services for Bitcoin and Ethereum, but the plan is to later expand into stablecoins and tokenized assets.　　BNY Is Going Bigger on Crypto　　This is another sign that traditional finance is moving deeper into blockchain infrastructure. BNY was already the first major U.S. global systemically important bank to launch digital asset custody services, and now it‘s taking that business into one of the world’s most crypto-friendly regions.　　Hani Kablawi, Executive Vice Chair at BNY, said the UAE is entering a “new phase of financial development” driven by stronger digital connectivity and deeper capital markets. According to him, BNY wants to help connect traditional finance with digital

05-07Industry

Hackers Drain Nearly $6 Million in ETH and BTC from Trusted Volumes

Bitcoin Ethereum　　Hackers Drain Nearly $6 Million in ETH and BTC from Trusted Volumes　　The decentralized finance (DeFi) sector has just endured yet another multi-million-dollar breach.　　According to alerts from prominent blockchain security firms SlowMist and PeckShield, hackers managed to drain approximately $5.9 million in Ethereum, Wrapped Bitcoin (WBTC), and stablecoins from trading protocol Trusted Volumes.　　This has happened due to a fundamental flaw in the protocols core signature validation logic. The flaw has made it possible for the attacker to bypass authorization checks and forge trading orders.　　Zcash (ZEC) Is Crypto‘s Number One, Toncoin (TON) Dwarfs Solana (SOL), XRP Finally Breaks Key Resistance, but What’s Early: Crypto Market Review　　Bollinger‘s Model Says ’Buy Bitcoin　　A fatal flaw　　Trusted Volumes is a DeFi trading protocol built upon a Request for Quote (RFQ) architecture. They operate similarly to decentralized Over-The-Counter (OTC) desks.　　An RFQ system facilitates peer-to-peer trading, which sets it apart from traditional Automated Market Makers (AMMs) like Uniswap.　　A “taker” requests a price quote, and a “maker” offers a firm price. Both parties cryptographically sign the order, and the smart contract settles the swap. Users have to grant the protocol broad approval to move their funds. Hence, flawless cryptographic signature verification is essential for the security of an RFQ

05-07Ethereum

XRP (XRP) Price: Technical Patterns Signal Potential Rally to $2.64

Tech　　XRP (XRP) Price: Technical Patterns Signal Potential Rally to $2.64XRP is currently trading between $1.43 and $1.45, showing a 1.2% increase over the past dayCritical resistance zone identified at $1.44–$1.50, while support maintains around $1.35Technical analysts have spotted a Gartley harmonic formation with a price objective of $2.64A symmetrical triangle pattern is forming on the daily timeframe, suggesting an imminent volatility expansionMarket analyst EGRAG CRYPTO identifies $2.30 as the first breakout target following resistance clearance　　XRP continues to trade within a tight consolidation zone as multiple technical formations converge, drawing increased attention from market analysts anticipating a decisive price movement.　　XRP Price　　The digital asset, recognized for facilitating efficient cross-border transactions with minimal fees and rapid settlement times, is presently fluctuating between $1.43 and $1.45. While the token has registered a modest 1.2% gain in the previous 24-hour period, the developing technical patterns on its charts are capturing significant market interest.　　Price action has maintained stability above the middle Bollinger Band on the daily timeframe. This level has functioned as reliable dynamic support, maintaining bullish market structure for the time being. The upper Bollinger Band, positioned around $1.46–$1.47, represents the next immediate resistance hurdle.　　The MACD indicator shows gradual momentum accumulation. Although a definitive breakout

05-07Industry

Academy Awards bans AI performances from Oscars eligibility

Tech　　Academy Awards bans AI performances from Oscars eligibility　　The Academy of Motion Picture Arts and Sciences, the United States-based honorary organization behind the Academy Awards, on Friday published new rules stating that artificial intelligence-generated performances and screenplays will not qualify for Oscars.　　On May 1, the Academy announced several significant rule changes for the 99th Oscars, scheduled for March 2027, including two notable additions that address the controversial topic of AI.　　Specifically, for all the acting categories, only roles “credited in the film‘s legal billing and demonstrably performed by humans with their consent” will be considered eligible; while in the writing categories—namely, ’best adapted screenplay‘ and ’best original screenplay—the Academy stated that “the rules codify that screenplays must be human-authored to be eligible.”　　Other prominent categories, such as ‘best director,’ ‘best cinematography,’ and ‘best film editing,’ were presumably deemed beyond the capabilities of current AI, and thus no new rules were added regarding their use. However, for ‘best visual effects,’ a category in which AI can, and already is being applied, the Academy chose not to officially prohibit work that uses the technology.　　A previous iteration of the rules, published by the Academys Board of Governors on April 23, was more lenient to AI, stating

05-07Industry

Grayscale adds ENA and removes AERO in Q1 fund rebalance

Grayscale Investments completed its Q1 2026 review of the Grayscale Decentralized Finance Fund and the Grayscale Smart Contract Fund. Grayscale added ENA to its DeFi Fund after removing AERO in the latest quarterly rebalance.UNI and AAVE remain the funds largest holdings, while ENA entered as fourth-largest component overall.Smart Contract Fund kept ETH and SOL leading its basket, with ADA holding third place.　　The update changed the DeFi Funds holdings and adjusted the Smart Contract Fund based on its existing basket.　　The DeFi Fund removed Aerodrome Finance and added Ethena. Grayscale said it sold AERO and other fund components in line with their weights, then used the proceeds to buy ENA. The change followed the CoinDesk DeFi Select Index method.　　UNI and AAVE remain top holdings　　As of May 1, the DeFi Fund held Uniswap at 35.22%, Aave at 21.36%, Ondo at 19.83%, Ethena at 13.59%, Curve at 5.27%, and Lido DAO at 4.73%. ENA entered the fund as its fourth-largest holding.　　The fund now gives larger weight to decentralized exchanges, lending, tokenized assets, and synthetic dollar infrastructure. Ethena is known for USDe, its synthetic dollar product, while Ondo gives the fund exposure to tokenized finance through its existing allocation.　　Crypto.news recently reported that ENA will unlock

05-07Industry

Ethereum (ETH) Struggles at $2,400 Despite $260M in ETF Inflows — What’s Holding It Back?

Ethereum　　Ethereum (ETH) Struggles at $2,400 Despite $260M in ETF Inflows — Whats Holding It Back？Spot Ethereum ETFs accumulated $260 million in net inflows across three consecutive trading sessionsTreasury firm BitMine potentially acquired an additional 40,000 ETH mid-weekUS-based retail crypto demand remains subdued according to Coinbase Premium Index dataMajor holder transferred 166,023 ETH to Binance exchange, intensifying sell pressureKey technical resistance positioned at the 20-week EMA near $2,438　　Ethereum is currently hovering near $2,350 following an unsuccessful attempt to sustain momentum above the $2,420 threshold. Price action slipped beneath a key bullish trend line positioned at $2,365 on the 1-hour timeframe and continues to trade under the 100-hour Simple Moving Average.　　Ethereum (ETH) Price　　US-listed spot Ethereum exchange-traded funds registered $97.5 million in net positive flows on Tuesday. This contribution elevated the three-day accumulation to approximately $260 million, effectively offsetting the withdrawals observed during the earlier portion of last week.　　The month of April demonstrated robust performance for ETH ETF products, concluding with a 10-day consecutive inflow streak that delivered $355 million in cumulative net positive flows.　　Source: SoSoValue　　Market observer Ted (@TedPillows) highlighted that ETH is attempting to pierce through the $2,400 threshold, suggesting that a successful breakout might propel Ethereum into the $2,500–$2,600 range. However,

05-07Ethereum

BNY Mellon to Launch Bitcoin and Ethereum Crypto Custody in UAE

Wall Street giant BNY Mellon (now BNY) will offer crypto asset custody in Abu Dhabi, the UAE, the global financial services company announced on Thursday. It will initially launch Bitcoin and Ethereum crypto custody services, with plans of expanding to stablecoins, tokenized real-world assets, and other regulated digital instruments.　　BNY Mellon Expands Crypto Custody to the UAE　　BNY Mellon announced a strategic collaboration with Finstreet Limited and ADI Foundation to offer crypto custody in the Abu Dhabi Global Market (ADGM), according to a press release on May 7.　　The worlds largest custodian, with $59.4 trillion in assets under custody, and the first U.S. global systemically important bank (G-SIB) to offer crypto custody in the region. The collaboration aims to boost crypto custody in the UAE and offers access to fully localized, secure, compliant, and scalable crypto custody services.　　BNY will integrate Finstreet‘s advanced digital market ecosystem with ADI Foundation’s sovereign-grade blockchain infrastructure. It aligns with the UAEs push to become a global hub for digital finance.　　“This strategic collaboration is an important step in further cementing Abu Dhabis place as a global digital asset hub,” said Ajay Bhatia, Principal Council Member at ADI Foundation.　　Focus on Bitcoin, Ethereum, Stablecoins, and RWA Tokenization　　BNY Mellon will initially focus

05-07Ethereum

Is It Time For Crypto To Get Its Own Better Business Bureau?

Crypto　　Is It Time For Crypto To Get Its Own Better Business Bureau？　　When people talk about crypto being the “Wild West” of finance, they‘re not kidding. The appeal of “financial freedom” craters the moment someone falls victim to a rug pull or phishing scam, or simply invests their savings into a project that’s dead on arrival. Its all too common, because crypto is full of so much noise that, for every major breakthrough, there are thousands of scammy or fruitless projects that never get off the ground.　　Scams, in particular, are a plague on crypto. According to the FBI, crypto-related fraud drained more than $11.3 billion from Americans in 2025 alone, up 25% from the year before.　　Crypto needs to shake off this albatross around its neck if its ever going to grow beyond the niche, and what better way would there be to do that than to create its own form of the Better Business Bureau？　　Holding businesses accountable　　For more than a century, the BBB has been the gold standard for consumer trust. Its goal is to reassure buyers that companies arent going to rip them off or give them the runaround. It does this by maintaining a public directory of consumer-facing businesses,

05-07Industry

XRP Bull Flag Breakout Targets $1.60 Amid Rising Momentum

Tech　　XRP Bull Flag Breakout Targets $1.60 Amid Rising Momentum　　XRP Eyes a Bull Flag Breakout as Liquidity Tightens and Institutional Inflows Fuel $1.60 Target Outlook　　XRP is back in the spotlight after breaking out of its recent bull flag consolidation, a move analyst Emilio Bojan says could signal the start of a stronger upward phase. The token has reclaimed $1.42, with CoinCodex showing it , up about 4.81% on the week.　　Source: CoinCodex　　The current move is drawing attention because of what came before it. XRPs first leg delivered a 15% rally, and that momentum now appears to be rebuilding after a brief consolidation phase.　　If the structure continues to unfold as expected, the next key upside target is around $1.60, with $1.66 sitting as a closely watched resistance zone that could define the strength of the trend.　　Source: Emilio Bojan　　More notably, a bull flag pattern matters because it often signals continuation rather than exhaustion. It begins with a strong, sharp rally that establishes momentum, followed by a controlled sideways drift as traders take profits and the market stabilizes.　　When buying pressure returns and price breaks above that range, it typically confirms that the broader uptrend is still intact and can trigger another leg higher.　　Interestingly, market structure

05-07Industry

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