Crypto Industry News & Market Trends

BTC climbs, ETH lags as investors pile into altcoins: Crypto Markets Today

The crypto market was volatile late on Tuesday after Strategy (MSTR) chairman Michael Saylor declared that his company could sell bitcoin in order to pay dividends from the STRC instrument, prompting short-lived panic in price action.　　BTC however regained the $82,000 mark during the European morning Wednesday having risen by around 1.3% since midnight UTC, spurred mainly by a weakening U.S. dollar, which is down by 0.5% over the same period.　　Dollar weakness comes after U.S. Secretary of State Marco Rubio said America had “achieved its military objectives” and was not interested in further escalation, leading to a drop in oil prices as well.　　Risk assets like the crypto market were poised to react well to the news as it means the Fed could start a rate cutting cycle, as opposed to any hikes being floated at the start of the war to combat inflation.　　Ether (ETH) trades at $2,380 having risen by around 0.8%, although it crucially remains below the April 17 high of $2,460 after underperforming against bitcoin.　　Derivatives positioningPositioning in bitcoin futures remains elevated, with open interest hovering near a record high of 800K BTC. Still, perpetual funding rates remain flat to slightly positive, suggesting the market is anything but overheated or

05-07Ethereum

XRP Ledger Powers First Cross-Bank Tokenized Treasury Pilot

Ondo, J.P. Morgan, Mastercard & Ripple Pull Off First Near Real-Time Tokenized Treasury Settlement Across Borders　　A landmark pilot between Ondo Finance, Kinexys by J.P. Morgan, Mastercard, and Ripple is pointing to a , where blockchain networks and traditional banking systems are increasingly converging toward real-time settlement and integration.　　Ondo Finance has completed the first near real-time, cross-border redemption of a tokenized U.S. Treasury fund, marking a notable step in connecting blockchain-based assets with traditional financial systems.　　More notably, the pilot was carried out in collaboration with Ripple, Mastercard, and J.P. Morgans Kinexys infrastructure, using the as the execution layer.　　The process linked public blockchain activity with regulated banking rails in a coordinated settlement flow. Ripple initiated the redemption of tokenized assets on XRPL, triggering the on-chain transaction.　　Mastercards Multi-Token Network then relayed the settlement instructions across institutional systems, effectively translating blockchain execution into traditional financial messaging and enabling seamless coordination between digital asset infrastructure and conventional banking networks.　　From there, J.P. Morgan‘s Kinexys infrastructure handled the fiat leg, routing USD through its correspondent banking network to Ripple’s Singapore account. The settlement completed in near real time, bypassing the usual banking cut-off windows that often delay cross-border transfers.　　Why is this a game-changer？ Well, the result was

05-07Industry

Ethereum Price Prediction: ETH at a Decision Zone as $2,460 Breakout Looms

ETH shows higher lows but faces strong resistance between $2,400–$2,460 zone pressureRising open interest and neutral spot flows signal quiet accumulation phase buildingVitalik nonce proposal improves scalability, enabling parallel ETH transactions　　Ethereum is approaching a decisive moment as price action, derivatives positioning, and network innovation converge to shape its near-term outlook. On the 4-hour chart, Ethereum shows a recovering structure with improving momentum, yet strong resistance continues to cap gains.　　Price Structure Near Key Resistance　　ETH continues to print higher lows after rebounding from the $2,220 region. This pattern signals early recovery strength rather than a confirmed uptrend.　　Price recently reclaimed short-term moving averages, which reinforces a mild bullish bias. However, sellers remain active between $2,400 and $2,460.　　Repeated rejections in this range highlight a distribution zone where traders take profits. Besides, Bollinger Band pressure near the upper range suggests temporary exhaustion.　　Ethereum Price Dynamics (Source: Trading View)　　Consequently, ETH faces a critical test. A clean breakout above $2,460 could trigger acceleration toward $2,520.　　On the downside, support rests at $2,320 and $2,270. These zones define the current bullish structure. A breakdown below $2,220 would invalidate the recovery narrative and shift sentiment bearish.　　Derivatives and Spot Flow SignalsSource: Coinglass　　Open interest trends reveal a leverage-driven market cycle. Periods of expansion

05-07Ethereum

Bitcoin Near $83,000 While Oil Crashes 12% below $90 – Cryptoquant eyeing $93K

The post Bitcoin Near $83,000 While Oil Crashes 12% below $90 – Cryptoquant eyeing $93K appeared first on Coinpedia Fintech News　　The worlds largest cryptocurrency Bitcoin has climbed close to $83,000, hitting this level for the first time since January 31. The overall crypto market also moved up about 2%, reaching around $2.73 trillion.　　At the same time, oil prices dropped 12% below $90 after Islamic Revolutionary Guard Corps confirmed safe passage through the Strait of Hormuz.　　Now, traders are closely watching the $93,000 level, as CryptoQuant says it matches a key “CME gap” that Bitcoin often tends to revisit.　　U.S.-Iran Peace Deal Boosts Market Sentiment　　Over the past week, Bitcoin has climbed steadily from around $75,000 to nearly $83,000, driven by growing optimism around the U.S.–Iran negotiations.　　The latest rally follows reports that the United States and Iran are close to finalizing a 14-point agreement that could end the conflict within the next 48 hours.　　Under the proposed deal, Iran would pause uranium enrichment and allow United Nations inspections. In return, the U.S. may ease sanctions and release frozen Iranian assets.　　This progress has also improved the outlook for global trade, with expectations that oil flow through the Strait of Hormuz could return to normal after earlier

05-07Industry

Ripple CEO: Bullish $4.2B Deal Marks Biggest Crypto Move Ever

Ripple CEO Calls Bullish $4.2B Equiniti Deal the “Biggest Crypto Move Ever” as Tokenized Finance Goes Institutional　　At Consensus Miami 2026, Ripple CEO Brad Garlinghouse when he called Bullishs $4.2 billion acquisition of Equiniti “the biggest crypto deal ever.” He framed it as more than a transaction, pointing to a broader shift of traditional finance moving on-chain at scale.　　Well, this deal points to a deeper merging of traditional financial rails with blockchain-native infrastructure.　　Equiniti, which supports over 20 million shareholders and processes more than $500 billion in annual payments, sits at the core of global transfer agency services, so bringing that scale into a crypto-aligned platform gives Bullish a direct on-ramp to tokenized securities and real-world assets operating at institutional volume.　　What makes this move stand out is how it feeds directly into Ripples wider push to build out a full tokenized finance stack. Ripple has been steadily expanding infrastructure on the XRP Ledger, which now hosts over $3 billion in tokenized assets and continues to see record transaction activity.　　Therefore, the direction is increasingly clear: bridge regulated financial markets with blockchain rails designed to handle institutional-scale volume efficiently.　　RLUSD and Bullish Integration Signal Ripples Push to Unify Institutional Crypto Markets　　A central part of this

05-07Industry

Bitget Wallet Brings USD Crypto Card to Africa via Immersve Integration

Bitget Wallet, the renowned financial app, has integrated with Immersve, a core participant of payments giant Mastercard. With this integration, Bitget Wallet aims to expand the USD-denominated crypto cards availability across Africa. Bitget Wallet card permits consumers to spend their stablecoin holdings across the globe from a self-custodial wallet without any foreign exchange charges. Hence, the product links the Web3 wallet to the worldwide payment rails of Mastercard.　　Stablecoin Payments Gain Momentum in Africa Amid Currency Volatility　　The integration with Immersve, a primary member of Mastercard, is set to make Bitgets USD-denominated crypto cards available across Africa. The integration allows daily buyouts like groceries, digital subscriptions, and travel at numerous merchants working across the globe. The expansion underscores the rising demand for digital payment instruments to connect real-world commerce with on-chain finance.　　Bitget Wallet Card is provided digitally via the Bitget Wallet app, serving as a robust USD-denominated payment system for worldwide spending. The consumers can use it to fund transfers through $USDC. This framework removes the requirement for onboarding or exclusive merchant hardware, making adoption smooth across different markets. In African economies, as the cross-border payments consume considerable capital in costs while the local currencies are significantly volatile, stablecoins deliver a relatively

05-07Industry

Michigan Online Casinos Embrace Cryptocurrency for Players

Bitcoin Ethereum News　　Since Michigans regulated online casino market launched in January 2021, the state has become one of the leading pioneers in iGaming in the United States. Regulated by the Michigan Gaming Control Board (MGCB), licensed operators have delivered consistent growth and record revenues. In 2025, annual gross revenue from Casinos increased by 26.5% to $3.1 billion.　　One of the most notable emerging trends in recent years is the growth of cryptocurrency as a payment method. Review sites increasingly provide clear details on whether each platform supports crypto deposits and withdrawals. That helps players identify which casinos accept digital assets before signing up. A variety of casinos in MI examined by Casino.org highlighted that many platforms list crypto as a supported option. That reflects strong and growing player demand.　　As more online casinos in Michigan adopt cryptocurrency, digital assets are effectively enhancing the overall gaming experience. While adoption is expanding, the level of crypto integration varies across platforms. Thats particularly in areas such as withdrawal speed, verification requirements, and overall user experience.　　The Benefits of crypto in casinos　　Players now increasingly seek faster, more secure, and flexible ways to fund their accounts. Thats why digital assets such as Bitcoin and Ethereum are becoming an

05-07Industry

Michael Saylor breaks Strategys never-sell rule

Michael Saylor said Strategy will “probably sell some bitcoin” to pay dividends, marking the first public reversal of the firms long-held never-sell position.Strategy executive chairman Michael Saylor floated selling bitcoin to fund dividend obligations during the companys Q1 2026 earnings call on May 5.Strategy holds 818,334 BTC and faces approximately $1.5 billion in annual dividend obligations across its preferred stock instruments.MSTR stock fell more than 4% in after-hours trading following the call, while bitcoin briefly dipped below $81,000.　　Strategy, the largest publicly traded corporate holder of bitcoin, may sell a portion of its holdings to cover dividend payments, executive chairman Michael Saylor said during the companys Q1 2026 earnings call on May 5. The statement marks the first time the firm has publicly walked back the never-sell position Saylor has repeatedly asserted over several years.　　“We will probably sell some bitcoin to pay a dividend just to inoculate the market and send the message that we did it,” Saylor said on the call. He framed the approach as deliberate: “You buy bitcoin with credit, you let it appreciate, and then you sell bitcoin to pay the dividend.”　　Q1 results and market reaction　　Strategy reported a $12.54 billion net loss for Q1 2026. The company

05-07Industry

South Korea: Gradual CPI rise keeps BoK cautious – ING

Bitcoin Ethereum News　　INGs Senior Economist Min Joo Kang notes that South Korean inflation accelerated in April on higher energy prices, but government measures such as food vouchers, a gasoline price cap and frozen utility tariffs helped limit the increase. Core inflation remains near 2%, yet ING expects headline inflation to climb towards 3% by June, keeping the Bank of Korea (BoK) alert to upside risks.　　Government support cushions energy-driven pressures　　“South Koreas consumer price inflation accelerated to 2.6% year-on-year in April from 2.2% in March, matching market consensus but below our estimate of 2.8%. The downside surprise was mainly due to a larger-than-expected drop in food prices.”　　“Though inflation reached a 21-month high in April, government measures such as food vouchers, a gasoline price cap, and freezing utility prices helped limit increases in food and energy. Inflation excluding food and energy stayed at 2.2% for the second month.”　　“As expected, energy prices rose the most. Oil and petroleum prices increased by 21.9% YoY, adding 0.84 ppt to overall inflation. Fuel price cap measures reduced energy price hikes, keeping them lower than in other major economies.”　　“Among services, housing rental prices edged up 1.0%, showing a gradual hike since Jan 2024 (-0.2%). Due to Korea‘s unique

05-07Industry

Crypto Market Liquidations Pass $320M as Bitcoin Holds Above $81K

Bitcoin Ethereum NewsBitcoin crossed $81K as crypto liquidations exceeded $320 million in 24 hours.Short traders lost over $242 million as Bitcoin reclaimed the key resistance zone.Analysts watch $83K resistance as Bitcoin retests prior support zone.　　The crypto market recorded more than $320 million in liquidations over the past 24 hours as Bitcoin climbed above the $81,000 level for the first time in months, leading to heavy losses for bearish traders across derivatives markets. Data from CoinGlass showed that short positions accounted for the majority of liquidations during the session, showing the extent of bearish positioning before Bitcoin reclaimed the key resistance range.　　The total liquidations reached approximately $320.57 million during the 24-hour period. Short positions contributed nearly $242.41 million, while long liquidations stood at around $78.16 million.　　Bitcoin accounted for the largest share of liquidations, recording roughly $98.83 million. Zcash followed with approximately $48.58 million in liquidations, while Ethereum registered around $37.40 million. Other assets impacted included Toncoin at $11.75 million, XYZ at $9.45 million, and LAB at about $7.83 million.　　Bitcoin Rally Triggers Short Liquidations　　The market movement followed Bitcoins return above the $80,000 range after several months of failed recovery attempts. The last time Bitcoin traded above that level was in late January,

05-07Industry

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