Crypto Industry News & Market Trends

Gold spikes above $4,700 as silver rallies more than 6% in a day

Spot gold smashed through $4,710 per ounce while silver jumped more than 6%, extending a months‑long precious‑metals rally that is now outpacing most risk assets and reopening the gold‑versus‑Bitcoin safe‑haven debate.Spot gold broke above $4,710 per ounce on Wednesday, with intraday quotes around $4,709.08, a 3.38% gain on the session.Spot silver jumped to $77.46 per ounce, up 6.43% on the day, extending a months‑long surge in precious metals.The move comes as gold and silver repeatedly notch record or near‑record highs, outpacing most risk assets and reigniting the safe‑haven debate versus Bitcoin.　　Spot gold pushed through the $4,710 mark on Wednesday, with data from Gate showing prices around $4,709.08 per ounce, up 3.38% on the day. Spot silver outpaced the yellow metal, trading near $77.46 per ounce for a 6.43% daily gain, as the precious metals rally broadened across the complex.　　External trackers confirm that gold has been grinding higher for months, with GoldPrice.org recently placing spot around $4,628 per ounce and noting a gain of more than $1,200 over the past year. Silver prices have also rocketed from the low‑$30s to the mid‑$70s in under twelve months, according to Fortune.　　Analysts point to a familiar macro cocktail behind the move: sticky inflation expectations,

05-07Industry

Roobet Launches Prediction Markets on May 6, The First Major Crypto Casino to Integrate the Format

Press Releases are sponsored content and not a part of Finbold‘s editorial content. For a full disclaimer, please . Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest.　　Roobet, the global crypto-first entertainment platform, today announced the launch of its new prediction markets offering, going live on May 6, 2026, at roobet.com/predictions.　　With this launch, Roobet becomes the first major crypto casino to offer fully integrated prediction markets, expanding beyond traditional casino and sportsbook experiences into one of the fastest-growing formats in digital entertainment.　　The new feature allows players to take positions on real-world outcomes across sports, culture, and major global events, all directly using their existing Roobet accounts.　　Seamless Integration for Players　　Unlike standalone platforms, Roobets prediction markets are built natively into the Roobet ecosystem. Players can participate instantly using their existing accounts and balances, eliminating friction and creating a unified experience across casino, sportsbook, and prediction markets.　　This integration enables:Immediate access with no additional onboardingUse of existing Roobet balancesA single wallet across all gaming and prediction experiences　　Expanding the Future of Interactive Entertainment　　Prediction markets have rapidly gained traction as a new way for users to engage with live events, combining elements of trading, gaming, and real-time

05-07Industry

BREAKING: Wall Street Giant UBS Group Discloses XRP Holdings Ahead of Crypto Trading Launch

UBS Group AG, the worlds largest wealth manager with $7 trillion in AUM, is deepening its crypto presence by investing in the Grayscale XRP ETF. This comes ahead of its plans to launch trading and push for tokenization.　　UBS Group Reveals Holdings in Grayscale XRP ETF　　UBS Group AG expanded its crypto exposure by investing in the Grayscale XRP ETF, according to the latest SEC filing. This indicates the wealth managers growing confidence in XRP amid huge demand from clients for crypto trading and tokenization.　　UBS reported owning 317 shares of the Grayscale XRP ETF, worth about $8,248. The firm also holds 197,369 shares of the Volatility Shares XRP ETF, valued at roughly $1.5 million.　　UBS Group is now among other major financial institutions like Goldman Sachs and Bank of America that are increasing their exposure to spot XRP ETFs. As CoinGape reported earlier, Farmers & Merchants Investments holds 2,374 shares of the Bitwise XRP ETF, valued at about $35,681.　　UBS has also diversified its crypto portfolio by investing in Solana, Dogecoin, and Polkadot through exchange-traded funds, expanding beyond Bitcoin and Ethereum. Moreover, the company holds more than $1 million in shares of Trump family-linked American Bitcoin Corp.　　Crypto Trading and Tokenization Plans　　With growing regulatory clarity,

05-07Industry

Why SMCI stock is rocketing today

The gains followed the server makers latest results, with quarterly revenue reaching about $10.2 billion, up 123% year over year, despite missing some estimates due to supply constraints and customer timing.　　Adjusted earnings per share came in at $0.84, beating forecasts, while net income surged and margins showed clear improvement.　　The main catalyst for the rally was Super Micros forward guidance, which projected fourth-quarter revenue of $11 billion to $12.5 billion, well above Wall Street expectations.　　The outlook points to sustained demand for its AI-optimized servers, with strong interest from hyperscale cloud providers and enterprise customers.　　This has helped ease concerns about slowing growth and reinforced its position in the expanding AI infrastructure market.　　SMCIs turbulent run　　The upbeat results follow a turbulent period for the company. Super Micro has faced ongoing scrutiny over governance, accounting, and compliance, with its stock experiencing sharp swings tied to auditor departures, export control concerns, and revenue recognition questions.　　More recently, legal uncertainties, customer concentration risks, and margin pressure from aggressive pricing have weighed on sentiment and contributed to volatility.　　Surging demand for AI servers has pushed the company through supply chain constraints, execution hurdles, and lingering investor skepticism tied to its past. The stock had remained below earlier AI-driven highs.　　Recent results,

05-07Industry

Top 6 Cryptos With 50x Potential in 2026—Why Little Pepe ($LILPEPE) Is Drawing Early Attention

As the crypto space moves into 2026, there is now more interest in investing in coins that offer asymmetric returns relative to their downside risks. It is common practice for the crypto industry to rely on large-cap crypto assets, but exponential returns in bull runs tend to be generated from projects with developing stories, growing ecosystems, and tokens that are still in the early stages of development.　　Dogecoin　　Dogecoin is one of the top meme coins, supported by a vast community around the world. Despite being an old coin, Dogecoin has always been able to produce explosive growth trends during bull market runs, becoming the leader of all other meme coins in terms of price action.　　TRON　　TRON remains one of the most active blockchain networks, especially when it comes to transactions in stablecoins and DApps. The reason behind its popularity is due to its fast transactions and low fees, which have resulted in steady demand for TRX.　　Chainlink　　Chainlink is very important in linking blockchain technology with the outside world using oracles. With the growing adoption of DeFi and tokenized assets, the need for quality data feeds keeps growing. The growth of LINK is therefore pegged on the bigger web3 infrastructure.　　Hyperliquid　　Hyperliquid is becoming more well-known

05-07Industry

CLARITY Act Set for Senate Markup Next Week as Yield Dispute Clears

Senate lawmakers are preparing to begin CLARITY Act markup as early as next week.Trump could sign the CLARITY Act before July 4 if Senate negotiations stay on track.Stablecoin yield compromise has reduced one major obstacle delaying the CLARITY Act.　　The Digital Asset Market CLARITY Act moved closer to Senate consideration as Senator Bernie Moreno said lawmakers plan to begin the bills markup process next week, while also indicating that President Donald Trump could sign the legislation before July 4.　　The comments came during the Solana Accelerate event, where Moreno outlined the latest progress surrounding the crypto market structure proposal and described ongoing efforts to consolidate multiple committee jurisdictions into a final legislative package.　　According to Moreno, the Senates passage of the GENIUS Act has helped clear the path for the next phase of digital asset legislation.　　Stablecoin Yield Dispute Moves Toward Resolution　　Moreno also stated that one of the major disagreements tied to the legislation has now been addressed. The dispute centered on stablecoin yield provisions and whether third-party platforms should be permitted to distribute returns generated from stablecoin balances.　　The compromise was reportedly led by Senators Thom Tillis and Angela Alsobrooks, helping negotiations move forward after months of delays. The issue had remained unresolved since

05-07Industry

Surging gas prices are hurting lower income households harder, study shows

A gas station sign displays prices in Washington, D.C., U.S., May 1, 2026.　　Annabelle Gordon | Reuters　　Lower-income consumers are compensating for higher gas prices by buying less while those in higher income brackets havent changed their behavior much at all despite soaring costs, according to research released Wednesday by the Federal Reserve of New York.　　In fact, during the March energy price spike, households earning less than $40,000 a year increased gas spending by the least of all income groups. The group accelerated nominal gas spending by just 12%, the product of cutting consumption by 7%, according to a blog post by New York Fed researchers.　　By comparison, high-income households, defined as those earning more than $125,000 a year, raised their spending by 19%, as they only cut real gas consumption by 1%.　　“Thus, the K-shaped consumption pattern in both nominal and real gasoline spending was strongly evident in March 2026,” researchers Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim Pinkovskiy said in the post.　　The so-called K-shaped economy has been a byproduct of the post-Covid period. Economists say those at the lower end of the spectrum have seen significantly less growth than their wealthier peers, who have benefited from a surge in asset values,

05-07Industry

Uber and Disney are seeing the same remarkable dynamic in this economy. Both stocks are surging

Higher gasoline prices and mounting geopolitical tensions are doing little to slow the American consumer — at least judging by the latest results and commentary from and .　　The two companies pointed to a remarkably resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips even as oil prices climb and broader concerns about the economy linger.　　Shares of Uber jumped more than 8%, as Disney shares popped over 6%.　　“We watched consumer patterns really closely. Are people taking shorter trips？ Are people trading down in terms of the size of their grocery basket, so to speak？ With the kinds of restaurants that they‘re eating at, are consumers tipping as much as they were？ All of those indicators continue to be really strong,” Uber CEO Dara Khosrowshahi said on CNBC’s “Squawk Box” Wednesday. “The consumers are spending, they‘re spending locally, and we don’t see any signs of that weakening at this point.”　　At Uber, delivery remained the companys fastest-growing business in the latest quarter, with revenue jumping 34% to $5.07 billion from $3.78 billion a year earlier. Revenue in the ride-hailing division rose 5% to $6.8 billion as commuting activity and local spending stayed strong.　　Khosrowshahi said

05-07Industry

Bitcoin approaches $82,000 as oil crashes 6% on fresh Iran peace deal hopes

Bitcoin extended gains to trade close to $82,000 during the European morning on Wednesday.　　Futures tied to Wall Streets tech heavy index Nasdaq rose over 1% as risk assets rallied across the globe while oil crashed as reports of progress in U.S.–Iran peace talks boosted risk sentiment. Futures tied to WTI crude oil fell 6% to $95.28 per barrel.　　The moves followed an Axios report that Washington and Tehran are close to a one-page memorandum of understanding aimed at ending the war. The draft agreement is said to include negotiations between U.S. envoys Steve Witkoff and Jared Kushner and Iranian officials, conducted both directly and through intermediaries.　　The report raised hopes for the normalization of oil flows through the Strait of Hormuz, which has reportedly been mined by Iranian forces. The disrupted flows since late February have wreaked havoc in energy markets across the world, especially in Asia.　　Iran would agree to remove highly enriched uranium from the country, a long-standing U.S. demand that Tehran has previously resisted, according to the report However, some market participants questioned the likelihood of a durable breakthrough, particularly around nuclear concessions.　　“I‘m a bit skeptical on the final point about Iran ceding ground on the nuclear front. But we’ll

05-07Industry

Iran considers sending enriched uranium to US amid negotiation talks

Bitcoin Ethereum News　　## Market Snapshot　　Irans potential uranium transfer to the U.S. has impacted several prediction markets. The “Iran Uranium Enrichment Agreement” market shows a 17.5% YES probability for a May 31 resolution, while the “US Obtains Iranian Enriched Uranium” market reflects a 9.5% YES probability for the same date. The longer-term markets see a 28% YES probability for December 31.　　## Key Takeaways　　– The discussion of Iran sending uranium to the U.S. appears to support the likelihood of a future agreement. – Market activity suggests a modest increase in the perceived probability of the U.S. obtaining Iranian uranium by year-end. – This development is consistent with potential shifts in negotiations, though no official agreement has been reached.　　## Article Body　　Axios reported that Iran is discussing the option of sending highly enriched uranium to the U.S. as part of ongoing negotiations. This development comes amidst heightened tensions following U.S. airstrikes on Iranian nuclear facilities in February 2026. Despite the public rejection of transferring uranium by Irans foreign ministry, this potential move could be part of broader discussions involving sanctions relief and unfreezing Iranian assets. The situation remains complicated by deep mutual distrust, with the U.S. maintaining military readiness and Iran considering its uranium

05-07Industry

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