Crypto Industry News & Market Trends

BNB Price Prediction: $580 Test Looms as Bulls Lose Grip on $600 Support

Market Context: Why BNB is Moving Now　　BNB trades in dangerous territory at $616, sitting 23% below its 200-day moving average while clinging to short-term support around $600. The token‘s recent weakness reflects broader market uncertainty as institutional players reduce risk exposure ahead of May’s historically volatile crypto conditions. Despite Binances continued dominance in the exchange landscape, BNB faces the harsh reality of profit-taking pressure after months of consolidation.　　The 1.56% daily decline signals more than routine volatility – it represents a critical juncture where technical support meets fundamental uncertainty. Trading volumes of $65 million on Binance spot provide adequate liquidity but lack the conviction needed for directional momentum.　　Technical Picture Turns Neutral　　The indicator landscape reveals a market caught between competing forces. RSI readings near 46 show neither overbought nor oversold conditions, creating an environment where any catalyst could trigger significant movement. The momentum oscillators have essentially flatlined, indicating that the previous trend has exhausted itself and new direction awaits.　　Price action within the recent trading range shows BNB occupying the lower third of its established channel, suggesting gravity pulls toward further testing of support levels. Daily volatility measures indicate moderate price swings ahead, but without clear directional bias from the technical framework.　　The oversold

05-01Industry

Elon Musk Says Most Crypto Are Scams, But X Launches New Crypto Trading Terminal

Tesla BTC Holdings. Source: Bitcoin TreasuriesElon Musk Tells Jury Most Crypto Is a Scam as X Rolls Out Cashtags　　The courtroom remark coincided with a parallel push at Musks social platform. X head of product Nikita Bier said the company was rolling out a web version of Cashtags, a feature that converts $tickers for stocks and crypto into clickable real-time charts and asset-specific post feeds.　　Bier framed the tool as a way to position X as a core trading terminal. Bundled controls, including contract address matching and account locks on first-time crypto posters, are intended to filter out fraudulent tokens before they reach users.　　The rollout fits a broader X finance push that also includes payments and pilot trading features. Musk‘s distinction between merit assets and scams maps directly onto Cashtags’ pitch, separating what the feature wants to surface from what its anti-scam controls are designed to suppress.　　ICO Plan Resurfaces in Court　　The scam comment surfaced as OpenAIs scrapped 2018 token proposal entered the trial record.　　“In January 2018, mere months after their September 2017 ‘enthusiasm,’ Altman proposed a scamworthy ‘ICO,’ or initial coin offering, that would have seen OpenAI, Inc. sell its own cryptocurrency. Musk shot down this idea too, stating ‘it would simply

05-01Industry

Gemini Exchange Bags Major CFTC License For Derivatives Trading

Cryptocurrency exchange Gemini has taken another major step in the US regulatory. The Commodity Futures Trading Commission (CFTC) authorized Gemini to operate as a Derivatives Clearing Organization (DCO). The exchange now wants to expand its footprint in the area of derivatives and prediction markets.　　Gemini Exchange Gets Key CFTC License　　The approval allows Gemini exchange to clear trades associated with derivatives products, such as prediction markets, in-house rather than through clearinghouses. This allows it to manage the settlement and risk of the trades and products it offers, rather than relying on a clearing house.　　It also allows the exchange to expand its offerings to derivatives futures trading products. Co-founder Cameron Winklevoss wrote, “We are excited to announce that Gemini has received a Derivatives Clearing Organization (DCO) license from the CFTC. This license allows us to act as a clearinghouse for regulated derivatives trading, including prediction markets.”　　The licence comes on top of previous advances in Geminis regulatory journey. The crypto exchange has previously received approval to operate a Designated Contract Market. This enabling it to launch its prediction platform. With the DCO approval, Gemini exchange can now clear trades made on that platform through its own platform.　　Winklevoss added, “Gemini now has a full-stack, end-to-end

05-01Industry

Wasabi Protocol Hack: 5M$ Cross-Chain Attack

DeFi derivatives platform Wasabi Protocol suffered a cross-chain attack, with hackers stealing assets worth more than 5 million dollars. PeckShield confirmed that the incident spread across Ethereum, Base, Berachain, and BLAST detailed analysis networks. According to Blockaid and CertiK, the attacker infiltrated Wasabi‘s deployer wallet with a compromised admin key, upgraded core systems, and drained the funds. As a result, liquidity pools from LongPool, ShortPool, and Vault contracts were targeted. The attacker’s Tornado Cash-linked accounts gained access to admin roles.　　Stolen Assets and Hackers Traces　　Security firms PeckShield, Blockaid, CertiK, BlockSec, and Cyvers reported the attacks traces in detail. Cyvers noted that the hacker withdrew assets like WETH, PEPE, MOG, USDC, ZYN, REKT, cbBTC, AERO, and VIRTUAL, converted them to ETH, bridged to Ethereum, and distributed them to various addresses. Blockaid emphasized that all Wasabi/Spicy LP-share tokens are at risk; underlying assets have been drained or still pose a danger.WETH and USDC: Main liquidity sourcesPEPE, MOG: Meme coin poolsOthers: ZYN, REKT, cbBTC　　Affected Protocols and User Warnings　　Virtuals Protocol announced that its own security remains intact while freezing Wasabi-backed margin deposits as a precaution. The Wasabi team announced on X that they have initiated an investigation and advised users to avoid interacting with contracts.

05-01Industry

Russia circumvents foreign trade restrictions with the help of cryptocurrency

Powerful Russian businessmen and state-run banking institutions have been profiting from schemes designed to evade Western sanctions, according to a new investigation into Moscows “shadow financial system.”　　Russia has deployed a multi-billion-dollar network for cross-border money transfers, often using cryptocurrency, that has allowed it to import almost anything it needs, from iPhones to drones, the authors have found.　　Heres how the system works　　Russias isolation from global finances, achieved by measures like its disconnection from SWIFT, has actually benefitted oligarchs like Roman Abramovich, state-owned sanctioned banks such as PSB, and people connected to the Federal Security Service (FSB).　　The findings were made public through a new report produced by the independent investigative media outlet Proekt, long labeled as an “undesirable organization” in the Russian Federation, based on financial documents obtained from key players in the payments market.　　The study sheds light on how Russias parallel banking system functions, allowing it to circumvent financial restrictions and continue to register around $2 billion in foreign trade daily.　　A significant portion of this massive volume passes through Moscow City, the international business center in the heart of the Russian capital, the researchers note.　　The services of payment processors with offices there, such as SpectrePay or VD Technolab, enjoy significant demand

05-01Industry

Global Settlement Network Deploys Onchain Compliance Layer on Canton for Institutions – Bitcoin News

Global Settlement Network joins Canton Network as a Validator on April 30, 2026, deploying GSX ID to streamline onchain compliance.GSX ID enables institutions to verify KYC, AML, and investor qualifications once, reducing duplicated processes across Cantons tokenized asset network.Texture Capital, Black Manta Capital Partners, and Particula expand GSX IDs reach into U.S. and European compliant distribution by Q2 2026.　　Canton Network Adds GSX ID to Let Institutions Verify KYC Once Across Tokenized Assets　　The Canton Network supports trillions in tokenized assets and connects major financial institutions across global markets. By joining as a Validator, Global Settlement Network (GSN) contributes directly to the networks infrastructure and gains a stake in how the system operates going forward.　　GSX ID is now live within the Canton ecosystem, according to the announcement shared with Bitcoin.com News. The platform allows institutions to issue and carry verifiable compliance credentials onchain, covering KYC and AML verification, KYB onboarding, bad-actor screening, and investor qualification requirements. Once a participant clears verification, that status carries across applications running within Canton without repeating the process.　　The core problem GSX ID addresses is duplication. Institutions operating across multiple counterparties today run the same compliance checks every time they transact. That friction slows deal flow and raises

05-01Industry

Ethereum applications guild launches to boost App ecosystem

The Ethereum Applications Guild launches as a global non-profit to fund, coordinate, and grow Ethereums app layer using membership fees and ETH staking yield.The Ethereum Applications Guild (EAG) establishes as a global non-profit to drive Ethereums shift to application layer development.EAG introduces membership fees based on institutional scale and ETH staking yield donations for sustainable funding.2026 Global Applications and Developers Program targets emerging regions with education, hackathons, and community building.　　The Ethereum Applications Guild (EAG) announced its official launch on April 30, 2026, as a global non-profit organization dedicated to advancing Ethereum-native applications with real-world impact.　　This initiative, led by ecosystem stakeholders worldwide, aims to transition Ethereum from infrastructure maturity to vibrant application deployment through four core directions: accelerating real-world apps, connecting builder networks, creating unified evaluation frameworks, and securing sustainable funding. EAG‘s formation responds to the ecosystem’s need for coordinated growth amid Ethereums price hovering around $2,260.　　Membership operates on contributions scaled to institutional size, such as valuation, market cap, or assets under management (AUM), funneling funds into an ecological growth pool. A key mechanism donates portions of ETH staking yields—via partnerships like HashKey Cloud—directly supporting developers. “EAG connects builders, institutions, and ecosystem stakeholders to foster the sustainable growth and broader reach

05-01Industry

Gemini Exchange Bags Major CFTC License For Derivatives Trading

Cryptocurrency exchange Gemini has taken another major step in the US regulatory. The Commodity Futures Trading Commission (CFTC) authorized Gemini to operate as a Derivatives Clearing Organization (DCO). The exchange now wants to expand its footprint in the area of derivatives and prediction markets.　　Gemini Exchange Gets Key CFTC License　　The approval allows Gemini exchange to clear trades associated with derivatives products, such as prediction markets, in-house rather than through clearinghouses. This allows it to manage the settlement and risk of the trades and products it offers, rather than relying on a clearing house.　　It also allows the exchange to expand its offerings to derivatives futures trading products. Co-founder Cameron Winklevoss wrote, “We are excited to announce that Gemini has received a Derivatives Clearing Organization (DCO) license from the CFTC. This license allows us to act as a clearinghouse for regulated derivatives trading, including prediction markets.”　　The licence comes on top of previous advances in Geminis regulatory journey. The crypto exchange has previously received approval to operate a Designated Contract Market. This enabling it to launch its prediction platform. With the DCO approval, Gemini exchange can now clear trades made on that platform through its own platform.　　Winklevoss added, “Gemini now has a full-stack, end-to-end

05-01Industry

Franklin Templeton issues Bitcoin price prediction for 2026

As the Bitcoin (BTC) price continues to signal near-term selling pressure, a $1.68 trillion asset manager, Franklin Templeton, has issued a bold bullish prediction for 2026.　　Christopher Jensen, the director of Digital Asset Research at Franklin Templeton Digital Assets (FTDA), stated that the firms base case is for BTC price to return above $100,000 in 2026. During the interview with on Thursday, April 30, Jensen explained that there is a path for the flagship coin to reclaim its 200-day Moving Average (MA) before rallying back above $100,000.　　He added that Franklin Templeton is not among those predicting $1 million per BTC in 12 months. As such, Jensen highlighted that BTC price path above $100,000 could be characterized by high volatility and choppy consolidations.　　“Everything is kind of probability weighted. But if we are talking about our base case, you know, I think we think were back above the $100,000 mark, which is kinda the key threshold,” Jensen stated.　　Meanwhile, the asset managers representative said that Bitcoin and the broader crypto market remain trapped in a macro bear market. Moreover, BTC price has been forming lower lows and lower highs since it hit its all-time high (ATH) at around $126,198 seven months ago.　　Why is Franklin

05-01Industry

Wasabi Protocol Hack: 5M$ Cross-Chain Attack

DeFi derivatives platform Wasabi Protocol suffered a cross-chain attack, with hackers stealing assets worth more than 5 million dollars. PeckShield confirmed that the incident spread across Ethereum, Base, Berachain, and BLAST detailed analysis networks. According to Blockaid and CertiK, the attacker infiltrated Wasabi‘s deployer wallet with a compromised admin key, upgraded core systems, and drained the funds. As a result, liquidity pools from LongPool, ShortPool, and Vault contracts were targeted. The attacker’s Tornado Cash-linked accounts gained access to admin roles.　　Stolen Assets and Hackers Traces　　Security firms PeckShield, Blockaid, CertiK, BlockSec, and Cyvers reported the attacks traces in detail. Cyvers noted that the hacker withdrew assets like WETH, PEPE, MOG, USDC, ZYN, REKT, cbBTC, AERO, and VIRTUAL, converted them to ETH, bridged to Ethereum, and distributed them to various addresses. Blockaid emphasized that all Wasabi/Spicy LP-share tokens are at risk; underlying assets have been drained or still pose a danger.WETH and USDC: Main liquidity sourcesPEPE, MOG: Meme coin poolsOthers: ZYN, REKT, cbBTC　　Affected Protocols and User Warnings　　Virtuals Protocol announced that its own security remains intact while freezing Wasabi-backed margin deposits as a precaution. The Wasabi team announced on X that they have initiated an investigation and advised users to avoid interacting with contracts.

05-01Industry