Crypto Industry News & Market Trends

EUR/GBP: Political strains and BoE doubts – Commerzbank

Finance　　EUR/GBP: Political strains and BoE doubts – Commerzbank　　Commerzbanks Michael Pfister argues that recent strength in the Pound (GBP) is unlikely to last, as ambitious Bank of England (BoE) rate expectations and renewed political risks weigh on the outlook. The bank forecasts EUR/GBP rising towards 0.89 in coming weeks, while GBP/USD is seen gradually appreciating over the longer term, with current Pound levels not expected to be revisited until 2027.　　BoE repricing and UK politics threaten Pound　　“Of the G10 currencies, the pound is one of only five to have posted a positive performance since the start of the war, alongside the four major commodity exporters. This surprising performance is based on two factors: the Bank of England (BoE) is expected to respond very decisively, and the political risk premium was priced out in early March. However, we doubt the sustainability of these factors, which is why we expect the pound to weaken in the coming months.”　　“Instead of anticipating two rate cuts by the end of the year, the market has at times priced in more than three rate hikes. This massive correction naturally gave the pound a strong boost.”　　“We doubt that the Bank of England will meet these expectations.”　　“The BoE may raise

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

Russia Launches XRP, SOL, BNB & TRX Crypto Indexes

Crypto　　Russia Launches XRP, SOL, BNB & TRX Crypto Indexes　　Russias Largest Exchange Expands Crypto Push with New SOL, XRP, TRX and BNB Indexes　　Russia is making a into digital finance, as the Moscow Exchange unveils plans to launch new cryptocurrency indexes tracking some of the markets most heavily traded tokens.　　From May 13, the exchange will roll out four new crypto benchmarks, tracking Solana (MOEXSOL), XRP (MOEXXRP), Tron (MOEXTRX), and Binance Coin (MOEXBNB).　　This builds on its existing Bitcoin (MOEXBTC) and Ethereum (MOEXETH) indexes, marking a clear step toward expanding regulated crypto exposure and deepening the integration of digital assets into Russias financial system.　　What sets these indexes apart is their construction. Pricing is aggregated across major global exchanges, led by Binance with a 50% weighting, followed by Bybit at 20%, and both OKX and Bitget at 15% each. The result is a blended, volume-weighted benchmark that captures a more representative market price, rather than leaning on a single trading venue.　　Russias Crypto Push Gains Momentum as Moscow Exchange Expands Index Plans　　The exchange is also stepping up the pace of its data. Instead of a single daily snapshot, its crypto indexes will now update every 15 seconds throughout trading hours, including weekends, bringing them far closer

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

Coinbase opens crypto access for Australia’s self-managed retirement funds

Coinbase Australia has launched support for self-managed super funds, giving trustees a new way to add crypto exposure to retirement portfolios. Coinbase Australia now supports SMSFs, giving trustees a compliant route to add crypto exposure locally.Australian SMSFs held AU$1.06 trillion in assets, making retirement funds a key crypto target market.The launch follows Coinbases AFSL approval as OKX also builds SMSF crypto services locally nationwide.　　The service focuses on self-directed investors who already manage their own superannuation funds.　　According to the company, the offering includes downloadable data aligned with local accounting standards. It also added a verification process built for Australian fund structures. Coinbase APAC Managing Director John OLoghlen said:　　“With growing regulatory clarity in Australia and institutional adoption of digital assets, we see SMSFs as a core area of potential growth in Australia.”　　Retirement funds hold large asset base　　Self-managed super funds, or SMSFs, are private retirement funds regulated by the Australian Taxation Office. They give members direct control over investment choices, including shares, property and crypto assets.　　Official data showed at least 664,000 SMSFs in Australia at the end of 2025. These funds held about AU$1.06 trillion, or $758.2 billion, in assets. That makes SMSFs a major target for crypto firms seeking long-term investors.　　Crypto.news reported

05-05Industry

Bitcoin Breaking Out Above $80K: How High Can BTC Really Go in May 2026?

Bitcoin　　Bitcoin Breaking Out Above $80K: How High Can BTC Really Go in May 2026？　　Having broken out of its bear flag on Monday, the $BTC price is starting to hold above this crucial formation. The price needs to spend more time above the flag before the breakout can be official. If this happens, how far could Bitcoin rally from here？　　Bitcoin holds above bear flag and now looking to break major resistance　　Source: TradingView　　The above short-term time frame chart reveals the current breakout for the $BTC price. After initially breaking through the upper trendline of the bear flag, the price did dip back inside the flag, but as can be seen, the price is in a small ascending channel, and it was the bottom of this channel that held as support.　　The price did emerge from the flag again, and now it can be observed that after getting rejected from the $80,600 horizontal resistance, a new 4-hour candle has opened above. The price has just rejected from the top of the channel, so it now remains to be seen whether the price can hold onto this major level and flip it into support.　　So far so good for the bulls　　Source: TradingView　　The daily chart gives us

05-05Industry

Aave Files Motion to Lift Restraining Order on $71M Frozen ETH

Ethereum　　Aave Files Motion to Lift Restraining Order on $71M Frozen ETHAave filed an emergency motion to vacate a restraining notice freezing $71 million in ETH.Arbitrum community intercepted the funds to return them to victims of the April 18 exploit.Plaintiffs suing North Korea claim the hackers brief possession makes the assets theirs now.　　Aave LLC filed an emergency court motion Monday asking a New York federal judge to immediately lift a restraining notice that has frozen $71 million in Ethereum belonging to victims of last months devastating protocol exploit, arguing that plaintiffs suing North Korea have essentially seized the wrong assets from the wrong people.　　The restraining notice was served on Arbitrum DAO on May 1, just as the DeFi community was finalizing plans to return those funds to thousands of users who lost money in the April 18 hack. Its timing could not have been worse.　　What Happened　　On April 18, an attacker exploited a vulnerability in the rsETH cross-chain bridge, using forged transaction messages to drain approximately $230 million worth of Ethereum from the Aave Protocol. The funds belonged to ordinary users who had deposited assets to earn interest, not to any party connected to North Korea or any other sanctioned entity.　　Members of

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

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