Crypto Industry News & Market Trends

Bitcoin Eyes Major Breakout as ETF Cost Basis Fuels Support

Bitcoin to deviate from past cycle bottomsWheres Bitcoin headed？　　Bitcoin has begun the new week on a strong note, showing a decent increase of nearly 2% in its price, but the on-chain metrics suggest that it may be headed for a bigger price move.　　According to a recent chart showcased by crypto analytics platform CryptoQuant, Bitcoin has rebounded from a crucial support zone driven by institutional inflows, flashing early signs of a potential breakout.　　Source: Cryptoquant Bitcoin to deviate from past cycle bottoms　　The chart showcased on Monday, May 4, revealed that Bitcoin has found support around the average cost basis of investors who entered the market during the early days when spot Bitcoin ETFs were officially approved.　　Crypto Regulation 2026: What Is Happening in Russia？　　Bitcoin Might Never Trade Below $60K Again　　While this was majorly made up of institutional investors, the price of Bitcoin has stabilized and bounced from that level in recent weeks.　　You Might Also Like　　While there were no Bitcoin ETFs in previous market cycles, where momentum was majorly dependent on retail investors and speculative traders, this cycle might come with an extremely different pattern.　　With Bitcoin gaining support around the average cost basis of large-scale capital inflows, the current structure provides different insight about

05-04Industry

Bitcoin Posts Strongest Monthly Gain In 12 months In April

Bitcoin has posted its best-performing month in a year, prompting analysts to forecast what could lie ahead for May, which has historically delivered returns of about 8%.　　“Long way to go back to ATHs, but good to see some green,” Coin Bureau founder Nic Puckrin in an X post on Friday, referring to Bitcoins (BTC) performance during April, which saw a monthly return of 11.87%.　　It marked Bitcoins best-performing month since April 2025, when it returned 14.08%. However, it still came in slightly below its historical April average of 12.98%, to CoinGlass.　　“April is done. May is here. After 5 consecutive red monthly candles, Bitcoin has now closed 2 in the green, causing some relief in the market,” crypto trader Daan Crypto Trades in an X post on Friday.　　Market participants hold the belief that history repeats　　Market participants often compare current monthly performance with previous months and look ahead, as many believe Bitcoins history tends to repeat itself.　　Bitcoin is trading at $78,190, about 38% down from its October all-time high of $125,100, to CoinMarketCap. Crypto analyst Jelle , “We hit the ground running again next week.”　　Market participants appear uncertain about the crypto market, according to the Crypto Fear & Greed , which posted a

05-04Industry

Strategy Pauses Bitcoin Buying Ahead of Q1 Earnings

Investors are worried about the company‘s dependence on STRC, Strategy’s perpetual preferred security, due to the assets 11.5% dividend yield.The mark-to-market accounting for Bitcoin is the key reason why Wall Street analysts are predicting a loss of $18.98 per share in Tuesdays earnings release.　　In anticipation of Tuesdays first quarter earnings announcement, Strategy—the largest publicly traded Bitcoin holder in the world—has temporarily suspended all cryptocurrency acquisitions.　　In a post on X, where he often signals intended acquisitions, executive chairman Michael Saylor said “No buys this week” on Sunday. The Tysons Corner, Virginia-based corporation recently spent $255 million for 3,273 Bitcoin, as revealed in an 8-K filing with the US Securities and Exchange Commission on April 27. The acquisition took place between April 20 and 26.　　With 818,334 BTC in possession, acquired at an average price of $77,906 per coin, Strategy‘s cost basis has increased to $75,537. Market capitalization-wise, the most valuable cryptocurrency as of Monday’s trade was $79,731, as reported by CMC. In addition to US spot price exchange-traded fund inflows and strategys purchases last month, April saw a 12% gain in the price of Bitcoin.　　Dependence on STRC　　The mark-to-market accounting for Bitcoin is the key reason why Wall Street analysts are predicting a

05-04Industry

Norwegian Cruise Line (NCLH) Stock Plunges 6% After Slashing 2026 Earnings Forecast

NCLH shares plummeted as much as 6.3% in premarket sessions following a significant reduction in annual profit projectionsFirst-quarter adjusted earnings per share of $0.23 surpassed Wall Streets $0.15 estimate, though revenue of $2.3B fell short of the anticipated $2.36BAnnual 2026 adjusted EPS forecast slashed to $1.45–$1.79 range, significantly trailing the $2.12 Street consensusOngoing Middle East geopolitical tensions blamed for elevated fuel expenses and weakened consumer demand, particularly impacting European summer itinerariesThe cruise operator began 2026 with booking volumes trailing internal projections, intensifying the challenge of current market conditions　　Norwegian Cruise Line (NCLH) shares tumbled during Mondays premarket session after the cruise operator dramatically reduced its annual profit forecast, attributing the downturn to escalating Middle East tensions that have suppressed travel appetite and driven up operational costs.　　Norwegian Cruise Line Holdings Ltd., NCLH　　NCLH plunged 6.3% before the opening bell, with shares changing hands at $17.44, representing a decline of $1.37.　　The cruise operator delivered first-quarter adjusted earnings of $0.23 per share, topping analyst projections of $0.15. Quarterly revenue reached $2.3 billion, marking a 10% year-over-year climb, though falling marginally short of the Streets $2.36 billion target.　　$NCLH | Norwegian Cruise Line Q1 Earnings Highlights　　Revenue: $2.3B (Est. $2.36B)　　EPS: $0.23 (Est. $0.15)　　FY26 Guide:　　While the quarterly results exceeded

05-04Industry

Gold declines as hawkish interest rate outlook and firm US Dollar weigh

In the 4-hour chart, XAU/USD holds just above the lower Bollinger Band at $4,533, but the price remains capped beneath the 20-period Bollinger Simple Moving Average around $4,594, keeping the near-term tone bearish. The Relative Strength Index hovers near 39, pointing to weak momentum after a failed recovery attempt toward the mid-$4,600s.　　On the topside, initial resistance is located at the Bollinger mid-line near $4,594, followed by the upper band around $4,655, with a more substantial barrier at the horizontal level of $4,850. On the downside, immediate support aligns with the lower Bollinger Band at $4,533, ahead of the previously drawn horizontal floor at $4,400, where buyers would be expected to show more interest if the decline extends.　　Gold FAQs　　Gold has played a key role in human‘s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.　　Central banks are the biggest Gold

05-04Industry

Bitget and WIW3CH expand Blockchain4Her for women in Web3

Bitget has entered a strategic partnership with women-focused Web3 collective WIW3CH to deliver more structured education, networking, and career support under its Blockchain4Her initiative.Bitget has entered a strategic partnership with women-focused Web3 collective WIW3CH to deliver more structured education, networking, and career support under its Blockchain4Her initiative.The cooperation will launch with a podcast featuring Bitget CEO Gracy Chen and a series of joint educational articles on Web3 technologies and professional pathways.Since 2024, Blockchain4Her has funded 11 women-led startups through programs like “Lady Forward” and “Pitch n Slay,” reaching hundreds of thousands of people via global campaigns and events.　　Bitget said it has formed a strategic alliance with WIW3CH, describing the group as a Web3 womens organization it will work with “to provide more systematic educational resources, industry connections, and career development support for female practitioners” through the Blockchain4Her framework.　　Partnership turns advocacy into practical support　　The exchange explained that the collaboration will begin with a special podcast episode in which CEO Gracy Chen shares her own career path and “more practical advice for women who have just entered the blockchain industry,” followed by a series of co-authored educational pieces on Web3 fundamentals and job routes.　　According to Bitget, those articles will cover Web3 technology

05-04Industry

KuCoin Lists Billions Network (BILL), Expanding Access to Digital Identity Tech

KuCoin lists Billions Network (BILL), expanding access to identity-focused crypto tools.BILL/USDT trading starts on May 4, 2026, then supports Spot Grid, DCA, and AI bots on KuCoin.Billions Network aims to verify users and AI agents while keeping data private.　　Leading crypto exchange KuCoin has announced the listing of Billions Network (BILL) on its spot trading platform. The move expands access to the identity-focused crypto project.　　Notably, deposits for BILL tokens are already open on the Ethereum ERC-20 network. Meanwhile, trading is set to begin on May 4, 2026, at 08:00 UTC. The BILL/USDT pair will be available at launch, while withdrawals will open on May 5, 2026.　　BILL Trading Schedule and Listing Details　　KuCoin outlined the full launch schedule for the BILL listing:Deposits: Available immediatelySupported Network: ETH-ERC20Call Auction: May 4, 2026, from 07:00 to 08:00 UTCSpot Trading: May 4, 2026, at 08:00 UTCWithdrawals: May 5, 2026, at 10:00 UTCTrading Pair: BILL/USDT　　Once trading begins, users will be able to trade BILL directly against USDT on KuCoins Spot market.　　Trading Bots Enabled for BILL/USDT　　KuCoin also confirmed that BILL/USDT will be supported by Trading Bots once spot trading begins. Available automated strategies include:Spot GridInfinity GridDCASmart RebalanceSpot MartingaleSpot Grid AI PlusAI Spot Trend　　The support allows users to access automated

05-04Industry

Euro area: Weak confidence clouds activity outlook – Societe Generale

Societe Generale economists note that firm and consumer confidence fell more than expected in April, with Commission indices at multi‑year lows. Despite slightly positive 1Q Gross Domestic Product (GDP), domestic demand appears subdued and credit conditions are tightening. They see healthy balance sheets and AI (Artificial intelligence), energy and defence investment as potential buffers against a sharper slowdown.　　Confidence slumps as credit conditions tighten　　“Concerning for growth is that firm and consumer confidence kept dropping more than expected in April, with the Commissions Economic Confidence dropping to a 5-year low and consumer confidence to a 3-year low.”　　“However, weakening confidence was not fully reflected in the preliminary1Q GDP data, which saw the euro area GDP rise slightly less than expected, by 0.1% qoq, with growth in Germany (0.3%), Spain (0.6%) and Italy (0.2%). In France, in contrast, growth stagnated, while growth in the rest of the euro area looks to have decelerated compared with 4Q25 (with Irish GDP contracting by 2% qoq).”　　“The question now is to what extent we can expect the weakening confidence to spill over into domestic demand or whether we could have more resilience in activity, as was the case in 2022. Household and corporate balance sheets remain healthy so

05-04Industry

How Many XRP Tokens Does Evernorth Have in Reserves?

Evernorth holds more than 473 million XRP in treasury reserves, valued at approximately $656 million, as the Ripple-backed company moves closer to a planned Nasdaq listing under the ticker XRPN.　　The company is its public market plans through a merger with Armada Acquisition Corp II, a special purpose acquisition company sponsored by Arrington Capital. Evernorth filed a second amendment to its Form S-4 registration statement with the SEC in May 2026, adding new board appointments and further details on its XRP-focused treasury model.　　Led by CEO Asheesh Birla, a longtime Ripple executive, as an active digital asset treasury company. Its business model centers on holding XRP as a core balance sheet asset while using lending protocols, decentralized finance tools and other market strategies to generate yield.　　The planned listing would give public market investors exposure to an XRP treasury company through traditional brokerage platforms. Once listed, XRPN shares are expected to be available through platforms such as Robinhood and E*Trade.　　Evernorth Holds Over 473 Million XRP　　includes more than 473 million XRP, making the company one of the largest known institutional holders focused on the token. Based on the reported valuation of about $656 million, XRP forms the central asset behind the companys planned public

05-04Industry

GameStop Makes Surprise $55.5B Bid to Acquire eBay

The company has already built an approximate 5% economic stake in eBay through derivatives and shares. GameStop estimates the acquisition could generate around $2 billion in annual cost savings through operational consolidation and potential synergies, including using its 1,600 US stores to support eBays logistics and authentication services.　　GameStop Targets eBay　　made an unsolicited, non-binding $55.5 billion to acquire eBay in a cash-and-stock deal. The proposal was submitted on Sunday. It offers $125 per share and represents a 46% premium to eBays unaffected closing price on Feb. 4, 2026—the date when GameStop began building its position in the company.　　As part of its strategy, GameStop revealed it has already accumulated an approximately 5% economic stake in eBay through a mix of derivatives and common stock holdings.　　GameStop has made a lot of changes recently, one of which includes diversifying into digital assets through a strategy that was in 2025.　　However, the scale of the proposed acquisition raises some serious questions about financing and execution, given that eBay‘s market cap of roughly $46.2 billion is much larger than GameStop’s . This gap suggests that completing the deal would require complex financial structuring and strong investor backing.　　GameStop believes the acquisition could unlock a lot of value, and

05-04Industry

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