Crypto Industry News & Market Trends

ArbitrumDAO Sends ARB Price Soaring With New Security Council Election

The new cohort inherits an unfinished file. Weeks before the vote closed, the outgoing council froze 30,766 ETH tied to the KelpDAO exploit. The emergency action highlighted the bodys real-world powers.　　A US court has since blocked movement of the frozen stash while victims pursue claims, leaving recovery in legal limbo.　　The seated members will also weigh ongoing treasury decisions tied to ARB allocations across the DAO.　　Once members take their seats after May 21, the council inherits the pending file. New threats to the Layer 2 (L2) will land in their inbox too.　　Continued legal pressure on the KelpDAO funds will be the first major test of the incoming signers.　　The post ArbitrumDAO Sends ARB Price Soaring With New Security Council Election appeared first on BeInCrypto.

05-05Industry

Coinbase to cut 14% of workforce as Armstrong pushes AI-native structure

Coinbase will cut about 14% of its workforce as it adjusts costs during a weaker market period. Coinbase will cut about 14% of staff to lower costs during weaker crypto market conditions.Armstrong said AI lets smaller teams ship faster, pushing Coinbase toward AI-native workflows.Coinbase is still expanding products, including Australia SMSF crypto support and internal AI agents.　　CEO Brian Armstrong announced the decision on May 5, 2026, in an email to employees that he later shared publicly.　　Armstrong said two forces shaped the move. He pointed to crypto market cycles and the faster use of artificial intelligence across company workflows. He said Coinbase remains well-capitalized, but the company needs a lower cost base while market conditions remain uneven.　　Armstrong says AI is changing work　　Armstrong said AI has changed how small teams operate. He wrote that engineers now use AI to ship work in days that once took teams weeks. He also said non-technical teams are shipping production code as more workflows become automated.　　He described the shift as an “inflection point” for Coinbase and other companies. Armstrong said the exchange must become “lean, fast, and AI-native.” He added that Coinbase wants to return to the speed and focus it had as a startup.　　Moreover, Coinbase

05-05Industry

Shiba Inu Price Prediction: 24,000 New Wallets Join As SHIB Presses The CRT Range High At $0.0000630

Tech　　Shiba Inu Price Prediction: 24,000 New Wallets Join As SHIB Presses The CRT Range High At $0.0000630SHIB trades at $0.0000623, up 0.65%, pressing the CRT range high at $0.0000630 with SAR at $0.0000612 as support below.24,000 new wallets joined in the week ending May 4, total addresses now above 1.58M with whale holdings steady at 61%.Burn rate jumped 86.95% in 24 hours but the 7-day trend is down 46.47%, peaking at 12M tokens on May 1 before fading.　　Shiba Inu trades at $0.0000623 on May 5, pressing the CRT range high at $0.0000630 for the third time this week as 24,000 new wallets joined the network in seven days and the memecoin sector sees its strongest momentum since late 2025 with DOGE and LUNC both posting major moves around it.　　SHIB Is At The CRT Range High For The Third Time This Week　　The CRT range runs from $0.0000561 to $0.0000630. Price has been pressing the range high repeatedly without a clean daily close above it, and the descending channel from October 2025 runs through the same zone, making $0.0000630 the line between a channel breakout and another rejection.　　The Supertrend at $0.0000561 is bullish and rising below price. The SAR at $0.0000612 adds

05-05Industry

Peter Thiel-backed Bullish inks $4.2 billion deal to buy transfer agent Equiniti

Tech　　Peter Thiel-backed Bullish inks $4.2 billion deal to buy transfer agent Equiniti　　Bullish, the institutional-grade digital asset exchange backed by Peter Thiel, is set to acquire Equiniti, a global transfer agent and official record-keeper for nearly 3,000 publicly traded companies, in a deal valued at $4.2 billion, according to a Tuesday statement.　　The transaction comprises $1.85 billion in debt and about $2.35 billion in Bullish equity, and is projected to generate roughly $1.3 billion in revenue and more than $500 million in EBITDA (excluding capex) in 2026, with expected growth of 6–8% and additional upside from tokenization services.　　With tokenization accelerating the transition to blockchain-era capital markets, the deal aims to address the absence of a transfer agent designed for this ecosystem, which Bullish identified as a critical gap.　　“Tokenization is a once-in-a-generation shift in how capital markets operate, the defining infrastructure trend of the next 25 years,” Bullish CEO Tom Farley stated. “Broad adoption at institutional scale requires three things: end-to-end tokenization services, a single, unified ledger, and a broad base of blue-chip issuer relationships, at scale. This combination delivers all three and I believe it uniquely positions us to lead the transition to tokenized securities”　　The move would establish the world‘s first fully

05-05Industry

WIF Price Prediction: Smart Money Loading at $0.19 - 40% Rally to $0.27 Within 14 Days

Market Context: Why WIF is Moving Now　　The meme coin sector is experiencing a stealth rotation as institutional fatigue with major altcoins creates opportunities in overlooked assets. WIF‘s 2.67% daily gain might seem modest, but it’s happening while trading at a massive 37% discount to its 200-day moving average of $0.30. This compression creates asymmetric risk-reward favoring bulls.　　The token is consolidating in a tight range between $0.18-$0.20, showing classic accumulation behavior. Volume remains steady at $2.5 million on Binance spot, indicating sustained interest without panic selling or FOMO buying – exactly what you want to see before a breakout move.　　Indicator Alignment　　Technical momentum is quietly building beneath the surface noise. The RSI at 53.71 sits in neutral territory with room to run higher, while the MACD histogram flatlined at zero suggests were at an inflection point. Smart traders know this setup – when momentum indicators reset to neutral after a decline, the next move often catches everyone off guard.　　The Bollinger Bands tell the real story here. WIF is trading at 0.54 position between the bands, slightly above the middle line at $0.19. This positioning with an ATR of just $0.01 shows volatility compression – the calm before the storm that veterans recognize

05-05Industry

ONDO Price Outlook: RWA Leader Gains Strength – Is a Bigger Move Underway?

Tech　　ONDO Price Outlook: RWA Leader Gains Strength – Is a Bigger Move Underway？　　The post ONDO Price Outlook: RWA Leader Gains Strength – Is a Bigger Move Underway？ appeared first on Coinpedia Fintech News　　ONDO is rapidly positioning itself as a standout performer in the current crypto cycle, gaining over 23% this week while much of the altcoin market remains subdued. The move isn‘t just technical, it’s being driven by a deeper structural shift as capital rotates into real-world asset (RWA) narratives.　　Unlike momentum-driven rallies seen elsewhere, ONDO‘s strength is emerging alongside institutional traction, growing liquidity, and expanding real-world integrations. With ONDO price now breaking out of consolidation and fundamentals aligning, the market is beginning to reprice ONDO’s long-term role, raising the key question: Is this just the start of a larger move？　　Institutional Momentum Builds: ONDO Expands Beyond Crypto Native Demand　　ONDOs recent rally is closely tied to its growing relevance in bridging traditional finance with blockchain infrastructure. The protocol has secured high-profile integrations that signal real institutional confidence rather than speculative interest.　　Fidelity‘s involvement in tokenized fund strategies, PayPal’s linkage of its stablecoin ecosystem to ONDO‘s yield layer, and Mastercard’s integration into multi-token payment rails collectively highlight a strong adoption curve.　　Further backing from major

05-05Industry

Italian Central Bank Deputy Governor Advocates for Tokenized SEPA Payment System

Tech　　Italian Central Bank Deputy Governor Advocates for Tokenized SEPA Payment System　　Italian central bank executive advocates for tokenized evolution of SEPA infrastructureProposed upgrade aims to modernize Europes cashless euro transaction frameworkDeputy Governor emphasizes maintaining central bank oversight alongside innovationDigital currency developments prompt reassessment of European payment structuresInitiative aligns with broader digital euro development efforts across the eurozone　　European financial authorities are confronting mounting calls to transform SEPA infrastructure as blockchain-based finance reshapes digital transaction landscapes. Chiara Scotti, serving as Deputy Governor at the Bank of Italy, urged regulatory bodies to evaluate incorporating tokenization into Europes established cashless payment architecture. Her proposal connects payment system advancement with preserving monetary authority oversight, institutional credibility, and economic stability.　　Italian Official Brings Tokenization to Forefront　　Speaking at a Rome conference on Monday, Scotti challenged conventional approaches to payment modernization. She argued that European authorities must look beyond creating entirely new payment mechanisms. Rather, policymakers should investigate adapting current infrastructure to accommodate tokenized transaction settlement.　　The Single Euro Payments Area provides Europe with unified architecture for non-cash euro transactions. This network enables cross-border transfers throughout EU member states plus additional participating nations. Consequently, implementing tokenization within SEPA could leverage existing reach, regulatory frameworks, and system compatibility.　　As a significant contributor to

05-05Industry

HBAR Price Prediction: Compression Breakout Imminent - $0.12 Target Within Reach

The Immediate Setup　　HBAR has entered a state of technical paralysis at $0.09, trading with microscopic volatility that typically precedes explosive moves. The current price action shows a 1.34% daily gain against virtually zero average true range, creating the kind of compression that forces algorithmic systems into binary outcomes. Beneath this apparent stagnation, buy-sell ratios favor accumulation at 1.14 to 1, indicating institutional positioning ahead of a potential catalyst.　　The momentum indicators paint a picture of indecision rather than weakness. RSI hovers at 48.63 in neutral territory while MACD flatlines at zero, suggesting neither bulls nor bears have established control. This technical standoff creates opportunity for traders who can read the underlying pressure building in the derivatives markets.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full HBAR price, calculator & analysis　　Critical Technical Convergence　　Every major moving average from the 7-day through the 50-day has converged at the $0.09 level, creating a technical nexus where any sustained move will trigger cascading algorithmic responses. The 200-day simple moving average at $0.12 represents the primary resistance target, while Bollinger Bands have contracted to their tightest range in months.　　The stochastic oscillator reading of 29.86 indicates oversold conditions developing,

05-05Industry

CLARITY Act Nears Markup as Stablecoin Yield Compromise Finalized

Tech　　CLARITY Act Nears Markup as Stablecoin Yield Compromise FinalizedThe CLARITY Act yield compromise was finalized, signaling the bill is near passage.Issuers are banned from offering interest-like returns, but activity-based rewards are allowed.Banks warn of a 20% impact on lending; lawmakers proceed without changes.　　Senator Cynthia Lummis said the latest version of the CLARITY Act is close to completion after months of negotiation. She stated the finalized bipartisan text indicates a compromise on stablecoin yield that both sides can accept.　　The update follows a joint statement from Senators Thom Tillis and Angela Alsobrooks confirming that the deal on stablecoin yield rules is now locked. The compromise focuses on limiting risks to bank deposits while allowing crypto firms to continue operating with defined reward structures.　　Tillis described the outcome as a consensus-based product shaped through negotiations with multiple stakeholders. He added that the process aimed to prevent delays and move the bill forward.　　Yield Ban Targets Deposit Flight Risk　　The core provision in the compromise blocks stablecoin issuers from offering rewards that function like interest on bank deposits. Lawmakers termed this as a direct response to concerns from the banking sector about deposit flight.　　At the same time, the bill allows activity-based rewards. Crypto platforms can still offer

05-05Industry

Bitcoin Price Tops $81,000 For First Time Since January

Bitcoin　　Bitcoin Price Tops $81,000 For First Time Since January　　Bitcoin price broke above $81,000 during Asian trading hours and early U.S. hours today, its highest price since late January and the latest sign that the market has moved past a brutal first-quarter stretch that bottomed near $60,000.　　The move came on the back of several forces hitting at once: a flood of institutional money into ETFs, a shift in Middle East tensions, and a derivatives market that had been loading up for a run past $80,000 for weeks.　　The structural setup for this was built in April. U.S. spot Bitcoin ETFs pulled in $2.44 billion in net inflows last month — the strongest monthly figure since October 2025, when Bitcoin price hit its $126,000 all-time high. BlackRocks IBIT alone captured $1.71 billion of that total, a 70% market share that keeps widening the gap between the fund and every other ETF in the space.　　Strategy, the Michael Saylor-led firm, also confirmed several massive Bitcoin purchases in April, bringing its total holdings to 818,334 BTC.　　The geopolitical backdrop did the rest of the work. Iran has allegedly been charging oil tankers $1 per barrel in Bitcoin to pass through the Strait of Hormuz since mid-March, a

05-05Industry

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