Crypto Industry News & Market Trends

XRP Price as Bullish Pattern Holds Ahead of May 13 Index Launch on Russia’s Top Exchange

Tech　　XRP Price as Bullish Pattern Holds Ahead of May 13 Index Launch on Russias Top Exchange　　XRP price has paused yet again at $1.40. But its failure to go past this price has not affected a bullish pattern that has been forming for weeks. Russias Moscow Exchange will also list an XRP index on May 13, and all eyes are on this date to see whether the price is going to react. And this is not all, because even in the futures market, volumes are going up.　　Russias Top Exchange to Launch XRP Index　　The Moscow Exchange will begin listing an index that will track how XRP price is moving. It will follow how the price moves on Binance, Bitget, Bybit, and OKX. The index is going to be listed on May 13, which is barely a week from today.　　But XRP is not the only one benefiting at the Moscow Exchange because BNB, SOL, and TRX are also going to be indexed. Bitcoin and Ethereum already have their indices here. This launch is going to be very good for XRP value because there are more than 41 million people that have accounts here. Three million people out of the 41 million are not

05-05Industry

CRV Price Prediction: $0.27 Target as Bulls Test Critical Resistance Zone

The Immediate Setup　　CRV is painting a textbook breakout scenario at $0.24, sitting perfectly on the upper Bollinger Band after a clean 2.5% daily pump. The price action screams institutional accumulation – were trading above every single short-term moving average while the RSI holds neutral ground at 59, giving plenty of room for further upside before hitting overbought territory.　　The momentum story gets interesting when you dig deeper. While MACD sits flat at zero showing hesitation, the stochastic indicators are screaming overbought at 89.71, creating a classic divergence that smart money traders exploit daily. This isnt your typical retail FOMO pump – the measured nature of this move suggests deeper pockets are positioning.　　Key Levels Exposed　　The technical landscape reveals a clear battle zone between $0.23-$0.25. CRV has successfully reclaimed the $0.23 support cluster where the 7-day, 20-day, and EMA convergence creates a fortress-like foundation. Breaking above this moving average sandwich was the first domino, and now bulls are testing the immediate resistance at $0.25.　　What makes this setup particularly compelling is how cleanly CRV bounced off the SMA 50 at $0.22 – a level thats held as a launching pad for the past several sessions. The 200-day SMA sitting way up at $0.33 shows

05-05Industry

Da Nang Positions Itself as a Web3 Hub Through Unchained Summit

Government leaders, regulators and global Web3 firms convene in Da Nang, May 28–29, to address digital asset frameworks, institutional adoption and Southeast Asia expansion　　Tuesday, May 4, 2026, Dubai, UAE: Unchained Summit Vietnam will take place on May 28–29, 2026, at the Furama Resort in Da Nang, bringing together government officials, regulators, institutional investors and global Web3 leaders to discuss the future of digital assets in Southeast Asia.　　A key highlight of the summit is the participation of the State Securities Commission (SSC) of Vietnam. Mr. To Tran Hoa, Permanent Deputy Head of the Crypto Asset Market Supervision Department, will share insights into Vietnams ongoing efforts to develop a structured and well-regulated digital asset market, including key considerations around supervision, licensing, and market stability.　　The event will also feature Mr. Ho Quang Buu, Vice Chairman of the Da Nang People‘s Committee, alongside senior representatives from the Da Nang Department of Science and Technology. Their participation reflects Da Nang’s growing role as a regional hub for digital asset innovation and policy development.　　The combined presence of local government leadership and national regulators positions the Vietnam edition as a platform for direct engagement between policymakers and market participants, at a time when Vietnam ranks among the

05-05Industry

Toncoin Explodes 27% After Telegram Bets 2.2 Million TON on Itself

Tech　　Toncoin Explodes 27% After Telegram Bets 2.2 Million TON on Itself　　Toncoin (TON) price has broken out of a four-month accumulation zone, climbing above $1.74 on May 5. The move follows Telegram‘s confirmation that it will replace the TON Foundation as the network’s largest validator.　　The breakout tags the 0.236 Fibonacci retracement of the August 2025 to February 2026 decline. Daily volume printed its largest expansion in seven months.　　Daily Chart Confirms Breakout From Long-Standing Range　　The daily chart shows Toncoin inside a tight accumulation zone between $1.20 and $1.55 since the start of the year. That four-month consolidation followed a steep January selloff. Whales steadily added positions despite weak market sentiment.　　The May 5 candle closed above the zones upper boundary and pushed the price to $1.74. That level corresponds to the 0.236 Fibonacci retracement of the August 2025 to February 2026 decline. The retracement spans from a $3.75 swing high down to the $1.26 February low.　　Volume tells the story behind the move. Daily volume had been trending lower since October 2025. The breakout candle printed the largest green bar in roughly seven months. Such expansion typically validates a structural shift rather than a short squeeze.　　TON daily chart / Source: Tradingview　　The relative strength index

05-05Industry

Toncoin (TON) Skyrockets 34% as Telegram Assumes Control from TON Foundation

Tech　　Toncoin (TON) Skyrockets 34% as Telegram Assumes Control from TON FoundationPavel Durov announced Telegram will take over from TON Foundation as the primary force driving the TON blockchain, sending Toncoin (TON) up more than 30%.The messaging platform will operate as TONs primary validator, with Durov emphasizing a renewed commitment to “technological excellence.”Network transaction costs have decreased by 83%, falling to practically zero and boosting attractiveness for both users and developers.Daily trading activity skyrocketed 600%, surpassing $630 million within 24 hours, while market capitalization reached $4.5 billion.Meme coins built on TON experienced dramatic gains, including Dogs soaring over 90% and Notcoin climbing 26%.　　Toncoin (TON) experienced one of its most significant daily price surges in recent months following an announcement from Pavel Durov, the founder and CEO of Telegram, who shared a critical governance change for the TON blockchain via his X account.　　Toncoin (TON) Price　　In his announcement, Durov revealed that Telegram would “replace the TON Foundation as the driving force behind TON and become its largest validator.” Despite the brevity of the message, the market response was swift and substantial. TONs price surged from $1.37 to a peak of $1.84 over the following 24 hours, representing approximately 34% growth.　　Fees in TON have

05-05Industry

Banks Say Stablecoin Yield Language Falls Short, Senator Tillis Disagrees

Five US banking lobbies issued a joint statement saying the proposed language on stablecoin yield in the Clarity Act falls short of its goal of protecting bank deposits.　　The five trade groups backed the senators goal but demanded stronger text. It included the American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association, the Financial Services Forum, and the Independent Community Bankers of America.　　US Banks Want Tighter Stablecoin Yield Language in Clarity Act　　Senators Thom Tillis and Angela Alsobrooks released the bipartisan compromise on stablecoin rewards. This came after months of talks with banks, the White House, and crypto firms.　　The provision bars deposit-style yield but leaves room for rewards tied to genuine on-platform activity. The banking groups acknowledged the senators efforts to address deposit flight risks. They said their forthcoming feedback would aim to preserve community lending while accommodating innovation.　　“Senators Tillis and Alsobrooks are seeking to achieve the correct policy goal – prohibiting the payment of yield and interest on stablecoins; however, the proposed language falls short of that goal. It is imperative that Congress get this right,” the statement read.　　The banking groups in particular pointed to Section 404. The text lets crypto exchanges pay yield through user membership programs, provided

05-05Industry

INJ Price Prediction: $4.20 Breakout Imminent as Whales Load at Critical Resistance

Critical Juncture at $3.88 Resistance　　Injective Protocol sits at $3.79, mere pennies from the $3.88 resistance that has rejected every rally attempt this month. This level represents the line in the sand between continued consolidation and explosive upside acceleration toward the 200-day moving average at $4.62.　　The setup screams institutional accumulation. Trading above all short-term moving averages with the 7-day SMA providing solid support at $3.63, INJ has methodically ground higher despite modest volume of $3 million on Binance spot. This controlled ascent without retail FOMO suggests sophisticated hands building positions ahead of a breakout.　　Momentum Building Behind the Scenes　　Multiple momentum indicators converge at this critical resistance zone. RSI at 65.36 shows healthy buying pressure without reaching overbought extremes that typically trigger profit-taking waves. The Stochastic oscillator displays a fresh bullish crossover with %K at 59 breaking above %D at 47, historically signaling impending breakout moves.　　More telling is the Bollinger Band position at 0.91, essentially testing upper band resistance while MACD histogram flattens to zero. This combination creates a coiled spring effect where the next directional move typically produces outsized returns. The daily ATR of $0.23 suggests normal volatility alone could drive 6% moves, but technical breakouts often exceed these parameters significantly.　　Smart Money

05-05Industry

CAD: Loonie regains altitude on oil support – NBC

Finance　　CAD: Loonie regains altitude on oil support – NBC　　National Bank of Canada (NBC) strategists Stéfane Marion and Kyle Dahms note the Canadian Dollar (CAD) has rebounded sharply, with USD/CAD moving back toward 1.35 as higher Oil prices bolster Canadas trade and fiscal outlook. They argue markets are overpricing Bank of Canada (BoC) tightening and expect CAD weakness into quarter-end, but retain a constructive view for H2 2026 on pro-energy policy and smoother CUSMA (Canada-United States-Mexico Agreement) talks.　　Short‑term setback, medium‑term support　　“The Canadian dollar has staged an impressive comeback against the U.S. dollar. After weakening to 1.396 on March 31, a move toward 1.40 that materialized earlier than we had expected, USD/CAD now appears to be converging toward 1.35, a level not seen since 2024.”　　“The CAD is certainly gaining traction from the potential boost that higher oil prices could provide to Canadas trade balance—and, by extension, fiscal balances. After surging nearly 50% since the onset of the U.S.–Iran conflict, the current crude oil price shock ranks among the largest since WTI futures began trading in the mid-1980s.”　　“The Bank of Canada (BoC) held its overnight rate at 2.25% for a fourth consecutive meeting on April 29. Governing Council reiterated its data-dependent stance, emphasizing

05-05Industry

CRV Price Prediction: $0.27 Target as Bulls Test Critical Resistance Zone

05-05Industry

Kresus teams up with Canton to push blockchain from pilot to production

Blockchain　　Kresus teams up with Canton to push blockchain from pilot to production　　Kresus and Canton aim to accelerate institutional blockchain deployment.Focus shifts from pilot projects to full-scale production systems.Hanwha partnership targets tokenized private market assets.　　Kresus and the Canton Network are joining forces to push institutional blockchain use beyond the pilot stage and into production, in a collaboration aimed at making deployment easier for enterprises and financial firms.　　Announced Monday in San Francisco, the effort centers on a familiar challenge in digital assets: many institutions have explored blockchain through proofs of concept, but far fewer have moved live systems into full operation.　　Kresus says the new collaboration will help organizations design, build and deploy blockchain applications “from first integration to full-scale launch,” combining its implementation capabilities with Cantons institutional-grade infrastructure.　　The companies said they are already working on several projects, with additional developments expected in the coming months.　　Focus shifts from experimentation to execution　　The collaboration is built around a practical problem that has slowed institutional blockchain adoption: implementation.　　According to the companies, the aim is to reduce friction for enterprises and organizations that want to move from strategy to deployment.　　That means helping clients navigate the technical and operational demands of production-grade blockchain systems rather than stopping at

05-05Industry

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