Crypto Industry News & Market Trends

Ondo price pauses after rally to yearly highs, bullish setup keeps upside hopes alive

Ondo price, Supertrend, and RSI chart — May 12 　　The breakout triggered aggressive upside momentum that pushed ONDO toward yearly highs near the $0.47 resistance region, which now acts as the next major barrier bulls need to reclaim.　　The rally also pushed price firmly above the Supertrend indicator, which has now flipped bullish after remaining bearish for much of the first quarter.　　Momentum indicators continue to favor the bulls despite some short-term cooling signals. The RSI recently climbed above 71, briefly entering overbought territory before beginning to stabilize. Such conditions often lead to temporary consolidation phases following strong vertical rallies.　　Even so, ONDO continues holding well above the former breakout zone near $0.30, suggesting buyers still maintain broader control over the trend structure.　　If bullish momentum resumes, bulls could attempt another breakout toward the key $0.47 resistance zone. A decisive move above that level could potentially open the door toward higher resistance regions not seen since late 2025.　　On the downside, failure to hold above the $0.30 breakout support could weaken the bullish structure and potentially trigger a pullback toward the previous consolidation range near $0.24.　　Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes

05-13Industry

Nearly 3,800 Waymo Robotaxis Recalled Over Concerns About Driving In Flooded Roadways

Waymo is recalling nearly 3,800 driverless cars, the National Highway Traffic Safety Administration said on Tuesday, over a driving software issue that could cause cars to drive through flooded roadways.　　dpa/picture alliance via Getty Images　　Key Facts　　Waymo will recall a total of 3,791 driverless cars, all of which are equipped with the companys 5th and 6th generation automated driving systems.　　In a notification sent to the NHTSA, the company said it identified a software problem that could cause their vehicles to slow down and proceed to drive through “standing water on higher speed roadways.”　　A remedy for the software issue is still under development, Waymo said in its filings, but the company installed an interim remedy by restricting how their vehicles operate during inclement weather.　　What Prompted The Recall？　　On April 20, an empty Waymo vehicle encountered a flooded lane on a highway with a 40 mile per hour speed limit. The filing didnt mention where the incident occurred, but Reuters reported it happened in San Antonio, where local news reported the company briefly paused service a day later during intense rain. According to the filing, the vehicle “detected potentially untraversable flood water,” but proceeded to drive through it anyway at a reduced speed. Waymo added

05-13Industry

XRP Inflows at 5-Month High: Why Institutional Giants Are Flocking Back to Ripple

When fresh money flows into these products, the issuers are required to buy real tokens from the market to back the purchased shares. This process automatically generates consistent buying pressure, and when demand rises faster than the available supply, it can naturally push the price upward.　　Since their launch, the spot XRP ETFs have accumulated a cumulative total net inflow of roughly $1.35 billion. In comparison, ETFs with Solana (SOL) as the underlying token have attracted approximately $1.08 billion, while those centered on Dogecoin (DOGE) have pulled in a mere $10.65 million.　　Meanwhile, Standard Chartered recently projected that inflows into XRP ETFs could explode to the $4-$8 billion range by the end of the year, should regulatory clarity in the United States continue to improve. Growing political momentum behind initiatives like the CLARITY Act could make it easier for big investors to allocate capital, further strengthening the ETF narrative.　　You may also like:When Real Pump？　　XRP is well in green territory in both the weekly and monthly timeframes, yet analysts believe a more aggressive surge may come only when it crosses key levels.　　The renowned crypto commentator Ali Martinez suggested that it must close above the top of a certain channel at $1.49 to trigger

05-12Industry

MoonPay Buys Dawn Labs, Launches AI Tool for Prediction Markets

MoonPay has acquired Dawn Labs and launched an AI-driven tool, called Dawn CLI, aimed at simplifying trading strategies on prediction markets like Polymarket and Kalshi. The acquisition price was not disclosed, but the move signals MoonPays deeper push into the fast-growing prediction market sector.　　According to MoonPays announcement on Monday, Dawn CLI is designed to make trading “as simple as plain English.” The tool reportedly integrates signals from social media, automated strategies, and cross-platform positioning to reduce the technical complexity traders face. Dawn Labs founder Neeraj Prasad described the AI tool as a means to “democratize trading by general intelligence.”　　Prediction markets have been gaining traction, attracting a new wave of active traders. However, MoonPay noted that the existing infrastructure for these platforms remains fragmented and technically demanding, creating barriers for broader adoption. By introducing Dawn CLI, MoonPay aims to streamline this process and capitalize on the sectors growth potential.　　This expansion doesn‘t come without challenges. Platforms like Polymarket and Kalshi are currently facing legal scrutiny, with state-level lawsuits accusing them of illegally facilitating activities like sports betting. Adding to the regulatory complexity, MoonPay’s chief legal officer, Caroline Pham, previously served as a commissioner at the U.S. Commodity Futures Trading Commission (CFTC), which

05-12Industry

Pi Network Price Prediction: Smart Contracts Launch May 15 as 18.1M Pioneers Complete KYC

The daily chart is straightforward. PI has been grinding along a rising trendline support since bottoming near $0.134 in February, but every EMA above is still bearish and stacked overhead. The 20 EMA at $0.1761 and 50 EMA at $0.1774 are both just above current price, acting as the first ceiling. The 100 EMA at $0.1838 is next, followed by the 200 EMA at $0.2358, the macro resistance level that capped the April rally near $0.30.　　The Parabolic SAR at $0.1941 sits above price and remains bearish, meaning the daily trend has not technically flipped yet. Price needs a clean close above $0.1774 to begin reclaiming the EMA stack, and above $0.1941 to flip the SAR bullish.　　The March spike to $0.30 showed PI can move fast when a catalyst lands. The question is whether the May 15 upgrade delivers the same reaction.　　Key levels:Resistance: $0.1761 (20 EMA), $0.1838 (100 EMA), $0.1941 (SAR), $0.2358 (200 EMA)Support: Rising trendline near $0.1670, $0.134 February lowBreakout trigger: Daily close above $0.1941　　Three Catalysts Before Thursday: CPI, Fed Chair, Smart Contracts　　US CPI drops today, May 12. When the March print came out on April 10, PI dropped 3.78% in the three days that followed. If todays number comes

05-12Industry

The North Face And U.S. Ski & Snowboard Enter 8-Year Apparel Deal

The North Face has signed an eight-year agreement to become the official performance apparel partner of U.S. Ski & Snowboard, a deal that will see the outdoor brand outfit American athletes through the 2034 Winter Olympics and Paralympics.　　Announced Tuesday, the partnership covers all 11 disciplines governed by U.S. Ski & Snowboard: alpine, cross country, freeski, freestyle moguls, freestyle aerials, nordic combined, Para alpine, Para nordic, Para snowboard, ski jumping and snowboard. Athletes, coaches and staff will wear The North Face outerwear and training gear at World Cup events, world championships, training camps and the Winter Games through April 2034.　　Historically, U.S. Ski & Snowboard team athletes who have personal outerwear sponsors are permitted to wear their sponsors gear in competition for non-Olympic events, and the same will be true in the partnership with The North Face.　　The agreement positions The North Face at the center of U.S. winter sports during a pivotal period leading into the 2030 Winter Olympics in the French Alps and the 2034 Winter Olympics in Salt Lake City, which will mark the return of the Winter Games to the United States for the first time since 2002. Financial terms of the partnership were not disclosed.　　Under the agreement, The

05-12Industry

Canadian Dollar dives on risk-off markets with US CPI on tap

The Canadian Dollar (CAD) accelerates its decline against the US Dollar (USD) on Tuesday, with the USD/CAD pair rallying above 1.3700 and set to test its highest levels in nearly a month, at 1.3714. A sour market mood amid saber-rattling in the Middle East and investors cautiousness ahead of the US Consumer Price Index (CPI) release are buoying the USD across the board.　　Traders are on edge about the possibility of the resumption of hostilities between the US and Iran, which would complicate the reopening of the Strait of Hormuz even further.　　US President Donald Trump affirmed earlier on Tuesday that the ceasefire is on “life support,” and CNN reported comments from the presidents aides suggesting that the resumption of major combat operations is back on the table. CNN also stated that the peace process is unlikely to make significant progress ahead of the meeting between Trump and Chinese President Xi Jinping later this week.　　Later on the day, April‘s US Consumer Price Index is likely to provide some distraction from geopolitics. Consumer inflation is expected to have surged to a 3.7% year-on-year rate, from 3.3% in March, amid the energy shock from Iran’s war. The core CPI is seen advancing at a

05-12Industry

US to temporarily lower beef import tariffs, WSJ reports

The Trump administration is moving to temporarily lower tariffs on beef imports, a direct response to retail beef prices that have climbed past $5 per pound. The plan targets tariff-rate quotas, the mechanism that limits how much foreign beef can enter the country at lower duty rates, and would open the door to greater volumes from major exporters like Australia and Brazil.　　The US cattle herd has shrunk by roughly 5% over the past year. Combine that with adverse weather conditions and you get a supply crunch that has pushed beef prices to levels where consumers are feeling the squeeze at the grocery store.　　What the plan actually looks like　　The administration announced the tariff suspension plan on May 11, with implementation initially slated for May 13. By suspending tariff-rate quotas, more imported beef could flow into the US market at reduced prices. The expected result, according to agricultural economists, is a 10-15% increase in short-term beef supply. That additional supply could translate to a 5-7% drop in retail prices.　　But the plan hit a wall almost immediately. Domestic cattle producers pushed back hard, arguing that a flood of cheaper foreign beef could devastate their operations. By May 12, just one day after the

05-12Industry

Ethereum Foundation Unstakes $50M in ETH From Lido

The withdrawal moved the ETH from Ethereum‘s Beacon Chain into Lido’s withdrawal queue, where the assets can later be claimed once processing is complete. The move follows earlier treasury adjustments by the foundation, including the unstaking of 17,000 ETH in April and the sale of 10,000 ETH to Bitmine through an OTC deal.　　Ethereum Foundation Unstakes 21K ETH　　The Ethereum Foundation 21,270 Ether worth close to $50 million from the liquid staking protocol Lido. According to blockchain analytics platform Arkham, the withdrawal process was initiated on Monday through a wallet linked to the foundation, moving the staked ETH out of Lido‘s system and into Ethereum’s withdrawal queue.　　The move means the ETH is being removed from Ethereums Beacon Chain, where it was previously locked to help secure the network while earning passive . However, the unstaking does not automatically indicate that the Ethereum Foundation plans to sell the assets.　　In Lidos system, unstaking places the ETH or wrapped staked ETH into a withdrawal queue. This allows the holder to claim the underlying ETH once the request is processed and finalized.　　This latest move follows a series of treasury adjustments made by the Ethereum Foundation over the past few months. In late April, the foundation unstaked

05-12Ethereum

Ethereum Foundation unstaked 21,270 ETH as treasury activity draws attention

The Ethereum Foundation has withdrawn more than 21,000 ETH from Lido staking weeks after carrying out earlier unstaking activity and multiple OTC treasury sales tied to operational funding.Ethereum Foundation withdrew 21,270 ETH from Lido weeks after earlier unstaking activity and OTC treasury sales.Recent Ethereum Foundation grants continued funding work tied to zero-knowledge research, validator security, and Ethereum core clients.Arkham said the latest unstaking move may relate to operational funding needs or rising concerns around third-party protocol risks after the Kelp DAO exploit.　　According to blockchain analytics platform Arkham, an Ethereum Foundation-tagged wallet initiated the withdrawal of 21,270 ETH on Monday, an amount worth nearly $50 million at current prices. The transaction moved the funds out of Lido‘s liquid staking system and into Ethereum’s withdrawal queue, where staked ETH remains locked until the unstaking process is completed.　　Under Ethereums proof-of-stake system, validators stake ETH on the Beacon Chain to help secure the network and receive yield in return. Once an unstaking request is submitted through Lido, holders receive a withdrawal claim before the ETH becomes redeemable after the queue clears.　　Earlier in late April, the foundation unstaked 17,035 ETH shortly after approaching its internal target of roughly 70,000 staked ETH. Arkham data at the

05-12Industry

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