Crypto Industry News & Market Trends

Paybis Secures MiCA and Payment Licenses in Latvia in Stablecoin Play

Founded in 2014, Paybis supports 90 cryptocurrencies and serves seven million users across 180 countries. It also holds money services business licences in the US and Canada.　　EU weighs “MiCA 2” amid rising scrutiny　　In April, a European Commission adviser said the EUs MiCA crypto regulation is likely to evolve over time, with the Commission planning a public consultation to assess whether the rules are working for market participants. Speaking at Paris Blockchain Week 2026, Peter Kerstens said it would be “rather unusual” if there were no “MiCA 2” at some point, noting that EU financial legislation typically develops in stages.　　The comments came amid growing scrutiny and opposition from the crypto industry. Stablecoin issuer Circle has pushed back on euro stablecoin thresholds, while policymakers debate whether supervision of major crypto firms should be centralized under the European Securities and Markets Authority.

05-14Industry

OpenAI move revives fears, pushing Indias IT shares to three-year low

Tech　　OpenAI move revives fears, pushing Indias IT shares to three-year low　　India‘s technology sector just had one of its worst days in recent memory, and the catalyst wasn’t a missed earnings report or a client bankruptcy. It was OpenAI announcing it wants to do what Indian IT companies do, but with AI doing the heavy lifting.　　The Nifty IT index fell approximately 3.7% to around 28,235, its lowest level since May 2023. Every single one of the index‘s 10 constituents closed in negative territory. LTIMindtree led the rout with a decline of around 5%, followed by Tech Mahindra at roughly 4.4%. Infosys and TCS, the sector’s heavyweights, shed between 2% and 5%.　　What OpenAI actually did　　OpenAI introduced what it‘s calling a “Deployment Company,” a new business unit staffed with forward deployed engineers whose job is to help enterprises integrate AI into their operations. The company also acquired Tomoro, a consulting firm, signaling that OpenAI isn’t content with just building AI models. It wants to sell the implementation, too.　　In English: OpenAI is moving into the enterprise consulting and integration business. Thats the exact territory where Indian IT giants like Infosys, TCS, Wipro, and HCL Technologies have built multi-billion-dollar empires over the past three decades.　　The

05-14Industry

Ethereum Community Unveils Feature to End Blind Signing

The security feature comes as bad actors target the crypto industry with increasingly sophisticated hacks and scams despite considerable improvements in security measures in recent years.　　North Korean state-backed workers have stolen over $7 billion in funds alone since 2009, with a large share of that coming from crypto protocols. The Bybit hack was its largest crypto heist by compromising a third-party service provider and manipulating transaction signatures.　　Trezor chief technology officer Tomáš Sušánka told Cointelegraph that attackers have been exploiting this relentlessly due to there not being a widely accessible security feature that is capable of distinguishing malicious smart contracts from legitimate transactions.　　This issue has led users to “unknowingly sign them, and lose everything,” Sušánka said, adding that the Clear Signing feature “directly addresses this by making transactions human-readable before approval.”　　The Clear Signing feature was introduced through the Ethereum Foundations Trillion Dollar Security Initiative and initiated by Ledger through the open-source ERC-7730 token standard.　　The foundation said the key components of the Clear Signing feature include “human-readable transaction descriptions” and a “neutral, mirrorable descriptor registry.”　　It also includes an attestation framework enabling auditors to verify those descriptors.　　A host of crypto platforms are supporting Clear Signing　　Several other crypto wallets and Ethereum privacy and security

05-14Ethereum

ETH Price Prediction: $2,450 Target Within 14 Days as Momentum Shifts Bullish

ETHs Technical Reality Check　　Ethereum sits in a precarious but promising position at $2,301.70, trading well below its 200-day moving average of $2,639.58 but showing signs of base-building. The RSI hovering at 49.95 indicates neither overbought nor oversold conditions—classic consolidation territory where smart money accumulates before the next leg up.　　The MACD histogram at dead zero tells the real story here: momentum has completely stalled, but this flatline often precedes explosive moves. With price sitting 40% of the way through the Bollinger Bands (0.39 position), Ethereum has room to run toward the upper band at $2,382.18 before hitting any technical ceiling. Blockchain.news technical analysis suggests this consolidation phase is nearing its end.　　Volume & Price Alignment　　The derivatives market is painting a bullish picture that spot traders are missing. With $514 million in 24-hour spot volume—respectable but not extraordinary—the real action is happening in futures. Open interest dropped 4.72% to $4.83 billion, typically signaling weak hands getting flushed out before stronger moves.　　More telling is the positioning data: retail traders are 72.5% long while top traders (the smart money) are 69% long. When both retail and whales align on direction, price typically follows. The 1.10 taker buy/sell ratio confirms aggressive buying pressure is building, even

05-14Ethereum

Genesis Wallet Dormant Since 2015 Transfers 790 ETH Worth $1.78 Million

The address recorded zero outgoing or incoming transactions from 2015 through May 12, 2026. That stretch covers roughly 3,940 days, or 10.8 years. Around 21:47 UTC on May 13, 2026, the wallet became active. It first executed nine small test transactions, including dust amounts near 0.0000001 .　　The holder then moved approximately 790.1739 across two transfers, 1 followed by 789.17388714 , to a brand-new receiving address identified as 0x0b9bcde72cd4390a9f91f5f52a29e0535e695942. That destination wallet had zero prior history and was created for this transfer.　　At approximately $2,257 per at the time of the move, the transferred balance carried a value near $1,782,979. Alert was the first major onchain monitoring account to flag the transfer publicly. The math on the return is straightforward. A $244 entry at genesis pricing grew to roughly $1.783 million at the time of the move.　　That represents approximately a 7,300-fold return over 10.8 years. Had the holder moved during s all-time high near $4,878, the same stack would have been worth over $3.85 million. The original address retains a small residual balance near 0.000024 along with negligible legacy token holdings, including minor amounts of LPT and OMG from early decentralized finance experiments.　　Those positions carry minimal dollar value. No signs currently point

05-14Ethereum

UK government bonds and sterling fall as pressure on Starmer rises

Tech　　UK government bonds and sterling fall as pressure on Starmer rises　　Britain‘s bond market just flashed a warning signal that investors haven’t seen in nearly three decades. The 30-year gilt yield surged to 5.825% on May 12, the highest it has been since 1998, while the 10-year yield climbed to 5.13%, a peak not reached since the 2008 financial crisis.　　The catalyst isn‘t an external shock or a central bank surprise. It’s politics. Approximately 80 Labour MPs have called for Prime Minister Keir Starmer to resign following the partys bruising losses in local elections, and markets are repricing the risk of governing a country whose leadership may be in freefall.　　Whats actually happening in gilt markets　　Sterling fell alongside the bonds, declining against the dollar as traders connected the same dots. The FTSE and broader equity markets also dropped on May 12, completing a trifecta of bad news across UK asset classes.　　For context, the last time UK bond markets moved this aggressively on political uncertainty was September 2022, when Liz Truss‘s mini-budget sent gilt yields spiraling and ultimately ended her 49-day premiership. The current selloff hasn’t reached that level of acute panic, but the direction is unmistakable.　　The political backdrop　　Nearly 80 Labour MPs demanding a

05-14Industry

DeFi App Legend Shuts Down After Missing Growth Targets

Solana DeFi aggregator Step Finance said it was closing down in February after a $40 million treasury wallet breach in January, and DeFi derivatives protocol Polynomial also ceased operations in February.　　Balancer Labs, the team behind the DeFi protocol Balancer, shuttered in March after mounting financial pressure following a $116 million hack in November.　　Meanwhile, Seamless Protocol, a DeFi lending protocol on Base, said it was winding down in April, blaming volatile market conditions.　　Users dont care whether product is onchain or not　　Legend is a non-custodial, mobile-first DeFi aggregator launched around late 2024 by former Compound Finance executives, including CEO Hobby. It is used for earning, trading, borrowing and swapping assets like stablecoins and Ether via integrations with other DeFi protocols such as Aave, Compound and Uniswap.　　It aimed to bring DeFi to its users rather than forcing them to sign into multiple different wallets or applications to use their crypto.　　It announced its first funding round, raising $15 million from Andreessen Horowitz and Coinbase Ventures, in February 2025.　　However, Hobby said that mainstream users dont care if a product is onchain or not. “They want outcomes,” he said. “Better yield, faster payments, more control over their money.”　　“The product that wins isn‘t the one that explains

05-14Industry

DeFi Group Warns Clarity Act Amendments Threaten Developers

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology.　　From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.　　In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasnt until 2020 that she started to dive into the depth of the industry. As Rubmar began to

05-14Industry

SOL Price Prediction: $105 Target Within 7 Days Despite Momentum Stall

The Immediate Setup　　Solana‘s current position at $95.26 screams indecision. Trading just $2.30 below the upper Bollinger Band at $97.56, SOL is testing critical resistance with momentum indicators flashing mixed signals. The MACD histogram sits at absolute zero – a classic sign that the previous bullish momentum has completely stalled out. Meanwhile, RSI at 65.47 shows buyers haven’t capitulated but arent aggressively pushing either.　　What‘s particularly telling is how SOL has carved out this tight range between $93.55 and $96.31 over the past 24 hours. This compression pattern typically precedes explosive moves, and with Blockchain.news tracking similar setups across major altcoins, the question isn’t if SOL breaks out, but which direction it chooses.　　Key Levels Exposed　　The technical picture reveals a battlefield between bulls and bears at precisely defined zones. Strong resistance clusters around $97.80, just above the Bollinger upper band, creating a formidable ceiling that‘s rejected multiple attempts. Below, immediate support at $93.77 aligns perfectly with the 7-day moving average at $93.85, forming a defensive line that’s held firm.　　The most critical insight comes from SOLs position above all short-term moving averages but still trading 15% below the 200-day SMA at $112.49. This creates a unique setup where momentum remains constructive on shorter timeframes

05-14Industry

DeFi Group Warns Clarity Act Amendments Threaten Developers

Tech　　DeFi Group Warns Clarity Act Amendments Threaten Developers　　Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology.　　From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.　　In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasnt until 2020 that she started to dive into the depth

05-14Industry

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