Crypto Industry News & Market Trends

Cardano Founder Slams Critics, Defends Scaling Strategy and Governance Push

The post Cardano Founder Slams Critics, Defends Scaling Strategy and Governance Push appeared first on Coinpedia Fintech News　　Cardano founder Charles Hoskinson has pushed back strongly against critics who claim the network ignored scaling to focus on governance. He called the idea misleading and said scaling work has been ongoing for years.　　His response shows a growing debate in crypto about balancing speed, decentralization, and long-term growth.　　Governance Concerns Are Growing　　Last week, Crypto analyst Cardano Yoda pointed out a key issue with how the system is working today.　　Earlier, Cardano was mainly guided by three groups, IOG, the Cardano Foundation, and EMURGO. But after on-chain governance was introduced, the structure changed.　　Now, DReps are responsible for voting and decisions, while another group handles execution.　　However, Yoda says the system is not fully working as expected. DReps can vote on spending, but they are often not aligned on strategy or priorities. Because of this, real execution still depends heavily on the original founding teams.　　He warned that without better coordination, the system could explode.　　Hoskinson Rejects “Scaling Was Ignored” Narrative　　As these concerns grew, Charles Hoskinson responded directly, rejecting claims that Cardano slowed down scaling to focus on governance.　　“I am getting insanely tired of hearing a false narrative that we

05-05Industry

Bitcoin Price Today: BTC Reclaims $80,000 After Bottoming Near $74,900 – What Comes Next?

Bitcoin　　Bitcoin Price Today: BTC Reclaims $80,000 After Bottoming Near $74,900 – What Comes Next？　　Bitcoin is trading near $80,830 as of May 5, 2026. The weekly CoinMarketCap chart shows a full recovery from the April 30 low near $74,900, with buyers pushing BTC back above $80,000 over a four-day stretch.　　$80,000 had been a ceiling for most of the past three months. BTC is now trading above it, and the question is whether that level holds as support.　　What Happened This Week　　Bitcoin opened near $76,790 and ran into immediate selling pressure. By April 30, BTC dropped to a weekly low around $74,900.　　Buyers stepped in at that level from May 1. The recovery was steady rather than explosive, which is a healthier sign than a single-candle spike. By May 2 to 3, BTC was back above $79,000. By May 4 to 5, it cleared $80,000 and pushed to the current price near $80,830.　　If BTC holds above $80,000 on a 4H closing basis, the recovery stays intact. Resistance sits near $81,500, then $82,000. A close above $82,000 opens the path toward $84,000.　　If BTC loses $80,000, the setup weakens fast. Buyers would need to defend $78,500 to $79,000 next. A daily close under $77,500 erases most

05-05Industry

Ripple begins sharing DPRK threat intel with crypto firms

Ripple has begun sharing its internal threat intelligence on North Korean hacking operations with the crypto industry, expanding how firms respond to insider-driven attacks.Ripple has begun sharing internal data on North Korean threat actors with Crypto ISAC to help firms detect insider-driven attacks earlier.Security teams have identified a shift from smart contract exploits to long-term infiltration, where attackers gain trust and access before moving funds.　　According to Crypto ISAC, the move follows incidents where attackers bypassed code vulnerabilities and instead infiltrated teams over months, a pattern highlighted in the Drift case.　　Details released by Ripple and Crypto ISAC describe the Drift incident as a prolonged social engineering campaign, where North Korean-linked actors built trust with contributors before deploying malware on their systems. That access allowed attackers to compromise multisig wallets and move funds without triggering conventional alerts, as no smart contract flaw had been used.　　Security teams cited in the announcement said this approach differs from the 2022 to 2024 wave of DeFi breaches, which centred on exploiting code-level vulnerabilities. In the Drift case, attackers operated from within after clearing hiring processes and establishing credibility across teams.　　“The strongest security posture in crypto is a shared one,” Ripple said in a statement on X,

05-05Industry

S&P 500: Pullback from records with yields higher – Deutsche Bank

Finance　　S&P 500: Pullback from records with yields higher – Deutsche Bank　　Deutsche Bank analysts report that the S&P 500 slipped from record highs as higher Oil prices and rising Treasury yields weighed on risk assets. The index fell 0.41%, with broad-based declines across sectors except Energy, though Technology remained relatively resilient and the S&P 500 is still more than 13% above its late‑March low.　　Equities retreat as rates and oil rise　　“The S&P 500 (-0.41%) also slipped from Fridays record highs, and while S&P futures are edging +0.13% higher overnight, the Asian markets that are trading today are overwhelmingly in the red.”　　“The higher oil and rates backdrop weighed on equities, with the S&P 500 retreating by -0.41% from Fridays record high in a broad-based decline that saw 70% of S&P constituents lower on the day.”　　“Industrials (-1.17%) and materials (-1.57%) stocks led the decline, while energy (+0.85%) stocks were the only major sector to advance. Tech stocks also showed some resilience, with the NASDAQ (-0.19%) and the Mag-7 (+0.04%) little changed on the day.”　　“With tech stocks leading strong Q1 earnings growth in the US, the S&P 500 is +13.5% above its low on March 30, even as Treasury yields and longer-dated oil futures have

05-05Industry

WLD Price Prediction: Brief Rally to $0.30 Before $0.20 Breakdown

Market Context: Why WLD is Moving Now　　Worldcoin trades at $0.24 after surrendering 51% from its 200-day moving average at $0.49, exhibiting textbook bear market characteristics. Todays modest 1.09% uptick represents typical oversold relief rather than meaningful reversal, with the token dangerously close to its Bollinger Band lower boundary at $0.22.　　The middle Bollinger Band at $0.26 now acts as formidable resistance, creating a technical ceiling that will likely cap any short-term recovery. Negative funding rates of -0.0265% reveal persistent institutional short pressure, while the tokens proximity to critical support levels suggests further downside vulnerability remains the primary concern.　　Technical Picture Breakdown　　WLDs RSI sits at 39.23, trapped in neutral territory but unable to generate sustained buying momentum despite oversold conditions. The MACD histogram rests at absolute zero, signaling complete momentum stagnation that typically precedes either explosive moves or continued drift lower.　　The cascading moving average structure tells the real story. The 7-day SMA matches current price at $0.24, while the 20-day SMA at $0.26 creates immediate overhead resistance. This configuration forces any relief rally to fight through multiple technical barriers, making sustained upward movement highly improbable without significant catalysts.　　Derivative Market Intelligence　　Open interest surged 4.07% to $43.4 million while funding rates turned negative, indicating sophisticated

05-05Industry

Bank groups challenge Senator Thom Tillis over stablecoin proposal

U.S. banking groups have pushed back against the latest CLARITY Act language on stablecoin rewards, arguing it does not sufficiently prevent risks to bank deposits.U.S. banking groups have said the CLARITY Acts updated language still allows stablecoin rewards that could pull deposits from traditional banks.Trade associations warned that incentives tied to balances or holding periods may replicate deposit-like returns despite the proposed ban on yield.Lawmakers including Senators Thom Tillis and Angela Alsobrooks have defended the compromise as a path forward, even as disagreements with banks continue.　　According to a joint statement from the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum, and Independent Community Bankers of America, the revised provisions tied to stablecoin yield “fall short” of preventing deposit flight despite efforts by lawmakers to address the issue.　　The groups said Senators Thom Tillis and Angela Alsobrooks are “seeking to achieve the correct policy goal,” though the current draft does not fully close gaps tied to reward structures.　　Banks warn of deposit outflows despite yield restrictions　　Concerns raised by the banking coalitions focus on how the proposal restricts interest-like payments on idle stablecoin balances while still allowing transaction-based incentives. The groups said such incentives, if linked to balance size, duration,

05-05Industry

Dogecoin Sees Big-Money Interest: Whales Load Up On 160M DOGE

Tech　　Dogecoin Sees Big-Money Interest: Whales Load Up On 160M DOGE　　On-chain data shows the Dogecoin whale supply has noted an uptick recently, a sign that big-money accumulation interest in the memecoin has gone up.　　Dogecoin Whales Have Bought 160 Million DOGE In Just 96 Hours　　As highlighted by analyst Ali Martinez in an X post, the Dogecoin whales have participated in net buying recently. “Whales” here refer to the large investors of the cryptocurrency holding a significant number of tokens in their wallet balance.　　Thanks to their large holdings, this cohort can carry some degree of influence in the market. As such, its behavior can often be worth keeping an eye on. Even if it may not directly impact the assets price, it can still contain hints about the sentiment among these humongous entities.　　Now, here is the chart shared by Martinez that shows the recent trend in the supply of the Dogecoin whales:　　As displayed in the above graph, the Dogecoin whale supply has observed a jump recently. In total, the whales loaded up on 160 million DOGE (worth about $17.7 million) inside a 96-hour window during this accumulation spree.　　The buying from the whales has interestingly come after a significant price surge. While the amount

05-05Industry

Assessing ZENs bullish market structure - How long will momentum hold now?

Tech　　Assessing ZENs bullish market structure – How long will momentum hold now？　　Horizen (ZEN) has started the week with a sharp bullish move, climbing by 12% over the last 24 hours as buyers regained clear control of the short-term price action.　　The rally followed a fresh bullish structure shift on the daily chart. Such a shift often marks the first meaningful sign that momentum may be beginning to rotate back in favour of buyers.　　This shift matters more than the daily gains themselves as the price had been compressing before the breakout. However, the latest move pushed ZEN beyond that short-term structure and confirmed a change in market direction – Evidence of momentum expansion.　　Open Interest surge – A sign of stronger conviction？　　One of the clearest signs supporting the rally has been the sharp rise in Open Interest. Over the last 24 hours, ZENs Open Interest climbed by 24% to $19.2 million, tracking closely with the price hike.　　In the past, similar alignments have hinted at fresh capital entering the market rather than a move driven by short covering alone. In simple terms, traders are not just reacting to the breakout. Instead, they may be adding exposure to it.　　This behaviour lends the current rally more

05-05Industry

Symbiosis Integrates KyberSwap Aggregation to Revolutionize Cross-Chain Liquidity and Pricing

Symbiosis Finance has announced a major strategic integration with KyberSwap which will improve the performance of all cross-chain (DeFi) transactions. The partnership is a key milestone in Symbiosis‘ efforts to enhance the performance of on-chain swaps and routing in the ecosystem and will utilize KyberSwap’s cutting-edge aggregation protocol to offer globally competitive pricing and significantly enhanced liquidity.　　Empowering DeFi with KyberSwaps Aggregation　　The aggregation engine that is being used within KyberSwap is where this integration truly begins. KyberSwap allows Symbiosis to utilize more than 420 different liquidity providers on over 17 different blockchains to provide its users with on-chain swap capabilities through internal routing. This extensive liquidity pool provides Symbiosis users with very low slippage on trade executions, including high volume and long-tail assets that typically experience fragmented markets.　　KyberSwap‘s smart routing algorithm will scan different decentralized exchanges (DEX) in real time to find out the best ways to execute trades. For Symbiosis’ users, this means that they can trade and re-route transactions across multiple pools in order to get the best rates without losing speed or security of the protocol.　　Enhancing the One-Click Cross-Chain Experience　　Symbiosis has developed a “single tap” UX that lets the users transfer assets cross-chain with minimal effort and ease

05-05Industry

Equities: Tech rotation holds despite risk-off tone – Danske Bank

Tech　　Equities: Tech rotation holds despite risk-off tone – Danske Bank　　Danske Research Team notes that global equities fell, with the S&P 500 down 0.4% and Stoxx 600 off 1% on Iran-related headlines. The session was characterized as de-risking, with most sectors lower except tech and energy. Defensive sectors outperformed, and software stocks gained 2%, leading the team to argue that the latest tech stock rotation remains strong and is likely to continue.　　Risk-off session still favors technology　　“Equities were lower yesterday. S&P 500 -0.4% and Stoxx 600 -1% in a volatile session, characterized by Iran headlines. This was a de-risking session in equities, with almost all sectors lower but tech and energy.”　　“Defensive stocks outperformed, including health care and tech while industrials, materials and consumer discretionary sold off ~-1%. It is interesting to see tech outperforming even in a defensive session like yesterday, especially as yield were materially higher.”　　“This mix would easily have made the tech the worst performing sector three months ago. Instead, software stocks even bounced 2% yesterday, outperforming the market by a meaningful 3pp.”　　“This says something about the strength of the latest tech stock rotation. As our readers will know, we see it continuing. ”

05-05Industry

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