Crypto Industry News & Market Trends

Here’s why GameStop stock is crashing today

Early May proved a turbulent period for GameStop (NYSE: GME) as CEO Ryan Cohen unveiled an unsolicited bid to acquire eBay (NASDAQ: EBAY) for approximately $46 billion.　　Overall, the attempt proved a net negative for GME stock, which is, overall, down 0.17% in the weekly chart and suffered a dramatic regular session on May 11 when it fell another 4.57% to $23.17.　　The May 12 extended session brought further setbacks with the eBay board rejecting the offer, describing it as ‘neither credible nor attractive’: a move that sent GameStop shares crashing nearly 5% in the extended session.　　Still, the subsequent decreases in losses to 2.68% with GME equitys press time price of $22.55 might indicate investors look more favorably at disengagement than at continued attempts to purchase.　　GameStop stock price one-day chart. Source: GoogleThe GameStop-eBay acquisition saga　　Indeed, GameStop‘s bid can largely be described as odd given the very setup. The vast difference in the valuation of the two companies immediately drew attention, considering that, at the time the offer was unveiled, GME’s market capitalization stood at approximately $12 billion, and the online marketplaces was close to $50 billion.　　Furthermore, the video game retailer offered a premium price of $125 per share to eBay and hinted

05-12Industry

Gold Price Forecast: XAU/USD slides to $4,700 ahead of US CPI data

XAU/USDs technical picture shows a neutral-to-bearish bias on the 4-hour chart, with the pair consolidating below the $4,770 resistance area. The bigger picture, however, suggests that the yellow metal would be in an A-B-C correction after the completion of a 5-wave (Elliott Wave) bullish cycle in early April　　The 4-hour Relative Strength Index (RSI) has dropped below the key 50 level, while the Moving Average Convergence Divergence (MACD) remains below zero with a negative reading, suggesting that bears are starting to tighten their grip.　　On the downside, initial support lies between Mondays low at the $4,645 and the 38.2% Fibonacci retracement of the mentioned cycle, near $4,610. Further down, the late-April and early-May support at the $4,500 level will come into focus. A plausible target for an A-B-C correction would be the 78.6% Fibonacci retracement, at $4,320.　　On the topside, Mondays highs, at the mentioned $4,770 area, are expected to keep guarding the path towards the mid-April highs in the area of $4,880.　　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

05-12Industry

Hyperliquid Gains Wall Street Momentum as Grayscale Updates HYPE ETF Proposal

Grayscale Investments filed Amendment No. 2 to its Form S-1 registration statement with the United States Securities and Exchange Commission on May 11, 2026, to formally advance its proposed Hyperliquid ETF.　　Hyperliquid enters institutional stage　　As competition for altcoin ETF products heats up, institutional interest in Hyperliquids native token, HYPE, continues to grow, according to the updated filing. The proposed product, which is currently known as the Grayscale HYPE ETF, is intended to give investors direct exposure to HYPE tokens without requiring them to hold the asset themselves, according to the filing. By keeping actual HYPE tokens inside the fund structure, the trust would operate similarly to spot Ethereum and Bitcoin ETFs.　　You Might Also Like　　Ray Dalio: Bitcoin Fails as Safe Haven　　Can Toncoin (TON) Lose All Gains？ Ethereum (ETH) $2,000 Plunge Is Possible, Shiba Inu (SHIB) Price Is in Strongest State Since March: Crypto Market Review　　The addition of staking language is one of the amendments most significant changes. Grayscale included clauses that might allow the ETF to profit from staking HYPE holdings if U.S. regulators approve the structure. The company even hinted that the product might eventually be known as the Grayscale Hyperliquid Staking ETF.　　The filing also demonstrates Hyperliquid‘s rapid transformation from a

05-12Industry

Blue Jays Sign 23-Year-Old Righty As Eric Lauer DFA Tests Pitching Depth

MLB Photos via Getty Images　　The Toronto Blue Jays are looking to upset one of the best teams in the American League in the midst of their series with the Tampa Bay Rays but, in the meantime, their injury issues just continue to pile up.　　Most recently, that meant another injured list stint for Addison Barger, who played in a single game after overcoming an ankle issue only to be sent back with an elbow problem. But Barger is just one of many key players who have been sidelined as the Blue Jays look to return to the World Series.　　Toronto Blue Jays Depth Tested With Eric Lauer DFA　　In the rotation, the team has lost Cody Ponce for the season, with Shane Bieber and Jose Berrios yet to make their debuts and Max Scherzer struggling with a forearm injury. And even as the team scrambles to assemble pitching depth behind Dylan Cease, Kevin Gausman, Trey Yesavage and newcomer Patrick Corbin, it has now felt forced to designate Eric Lauer for assignment.　　“Meanwhile, Lauer was designated for assignment after allowing six runs in five relief innings against the Angels on Sunday, pushing his season ERA to 6.69 and picking up his AL-leading fifth loss,” Mitch

05-12Industry

Bhutan moves another $8.2M in Bitcoin as state reserves keep falling

Bhutans government has moved another 100.44 BTC worth roughly $8.2 million, extending a months-long pattern of treasury outflows tied to wallets tracked by blockchain analytics firms.Bhutan moved 100.44 BTC worth about $8.2 million to an unlabeled wallet as state-linked outflows continued into May.Arkham estimated that Bhutan-connected wallets have transferred more than $230 million in bitcoin since the start of 2026.Bhutan still holds about 3,119 BTC, although its reserve has fallen sharply from more than 13,000 BTC recorded in 2024.　　According to on-chain data published Tuesday by Arkham Intelligence, the Royal Government of Bhutan transferred the bitcoin at 5:27 a.m. UTC through three separate transactions to an unlabeled wallet beginning with “bc1qn.” Arkham, which started monitoring Bhutans holdings in 2024, said the movement appeared consistent with prior transactions linked to selling activity.　　Analysts at Arkham estimated that Bhutan-linked wallets have recorded more than $230 million in outflows since the beginning of 2026, averaging close to $50 million in BTC movements per month. The firm added that Bhutan would still hold roughly $767 million in unrealized on-chain profit if its remaining reserves were liquidated at current market prices.　　Although the destination wallet has not been identified publicly, Arkham noted that earlier Bhutan transfers had eventually

05-12Industry

How trader turned $420 into $1.3 million on Polymarket

After joining in late 2025, the trader built an impressive record by maintaining a concentrated portfolio, typically holding six to seven large positions and increasing exposure when his analysis identified mispriced probabilities.　　His strategy centers on fading heavily backed favorites in major soccer leagues, targeting overvalued top seeds in tennis, and exploiting inefficiencies in esports markets such as League of Legends, Counter-Strike, and Valorant, where his analytical background appears to provide a strong edge in closely contested matchups.　　The strategy has produced several major wins, including a single trade that reportedly generated $250,850 in profit.　　Overall, analytics estimate his total gains at roughly $1.3 million, placing him among the top traders on leaderboards.　　His current portfolio includes positions in soccer, esports handicaps, and league winner markets.　　Community interest has since surged, with some traders attempting to mirror his wallet activity through Telegram bots and automated tracking tools.　　Polymarket most profitable bets　　Meanwhile, is not the only trader to turn small sums into major profits on . For instance, a trader known as reportedly grew just $12 into about $100,000 through aggressive all-in bets on 15-minute Bitcoin (BTC) price direction markets, using analysis of order books, funding rates, liquidation flows, and short-term news catalysts.　　One also reportedly earned nearly

05-12Industry

US April CPI Report Sparks Fresh Fears of Fed Rate Hikes in 2026

Markets now price in growing odds of Fed rate hikes as April CPI data approaches.Rising oil and gasoline prices continue adding pressure to U.S. inflation expectations.Softer wage and shelter inflation may help limit further Fed tightening concerns.　　The upcoming release of the U.S. April Consumer Price Index (CPI) report has raised attention on the Federal Reserves next policy move, as financial markets continue to price in a prolonged period of high interest rates.　　Current expectations from major investment banks indicate that the Fed is unlikely to begin cutting rates before 2027, while market participants have also started assigning higher probabilities to possible rate hikes later this year. The inflation report is expected to provide further clarity on whether price pressures tied to energy costs and core inflation trends could change the central banks policy direction.　　According to CME FedWatch data, markets currently assign a 97.7% probability that the Federal Reserve will leave interest rates unchanged in June and a 94.6% probability of no change in July. The probability that rates will remain unchanged in September stands at 89.2%. However, traders are also pricing in a 5.7% chance of a 25-basis-point rate increase in September, rising to 14% in October and 23.7% by December.　　Related:

05-12Industry

Microvast (MVST) Stock Tumbles 5% as Q1 Revenue Plunges 48% Below Expectations

First-quarter 2026 revenue at Microvast declined 48% versus prior year to $60.6 million, falling short of the $99 million analyst projectionLoss per share of $0.04 exceeded the anticipated $0.05 loss; adjusted EBITDA reversed to negative $5.5 millionRevenue from the United States plummeted 96% to merely $234,000; Asia-Pacific region declined 66%; European sales decreased 28%After-hours trading saw MVST shares fall 5.16% to $2.09, marking a 55% decline over the prior six-month periodMicrovast introduced its KAF electric powertrain designed for school buses and concluded the quarter holding $174 million in cash reserves　　Microvast (MVST) delivered disappointing first-quarter 2026 results, reporting revenue of $60.6 million — a 48% year-over-year decline that significantly underperformed the sole analyst‘s $99 million estimate. The company’s shares retreated 5.16% in extended trading, settling at $2.09.　　Microvast Holdings, Inc., MVST　　The per-share loss registered at $0.04, worse than the projected $0.05 loss. Adjusted EBITDA experienced a dramatic reversal, moving from positive $28.5 million during the first quarter of 2025 to negative $5.5 million in the current period.　　Shipment volume essentially halved, dropping from 536 MWh in the year-ago quarter to 274 MWh in Q1 2026. This steep volume reduction significantly impacted profitability, although gross margin performance proved more resilient than anticipated at 31.6%,

05-12Industry

Healthcare CEO Shares A Compassionate Framework For Handling The Hardest Conversation In Leadership

NEW YORK (May 12, 2026)— by Peter D. Banko is now available on Amazon and at major booksellers. The book is published with Forbes Books, the exclusive business book publishing imprint of Forbes.　　In leadership, few responsibilities are more uncomfortable—or more consequential—than firing someone. Yet despite this importance, most leaders receive little or no training on how to handle the moment well. In , Baystate Health CEO Peter D. Banko offers candid, experience-driven guidance through one of the most avoided tasks in management.　　Informed by two decades of CEO-level leadership across complex healthcare systems, Banko presents a clear and compassionate approach to facilitating employee departures with professionalism and respect. He argues that avoiding necessary personnel decisions can damage organizations, erode culture, and undermine team performance, whereas thoughtful, decisive leadership strengthens both individuals and institutions.　　Rather than presenting termination as a purely procedural or legal exercise, reframes it as a leadership responsibility that must be handled with clarity, conviction, and humanity. Through real-world stories and reflections informed by psychology, philosophy, literature, and popular culture, Banko explores why leaders struggle with letting people go and how they can approach the process in a way that preserves human dignity and trust.　　“I wrote this book because I

05-12Industry

Goliath $328M Ponzi Apology, First AI-Built Zero-Day, BoE-US Stablecoin Clash

Cross-border payments firm Corpay integrated stablecoin wallets and settlement rails through a partnership with BVNK, marking another expansion of digital-dollar infrastructure into corporate treasury operations. Corporate clients will now view stablecoin balances alongside fiat positions inside Corpay‘s platform, with the ability to send, store, and convert tokens via embedded wallets outside traditional banking hours. The firm also plugged into JPMorgan’s Kinexys private blockchain to broaden settlement options across select corridors. BVNK has rapidly become the connective tissue of stablecoin payments, with Mastercard agreeing to acquire the firm for up to $1.8 billion in March and Visa using its rails for global payouts.　　Cathie Wood‘s Ark Invest purchased approximately $5.5 million in Circle Internet Group shares across three of its exchange-traded funds, deploying capital on the same day the stock surged 16% on strong quarterly results. The 41,904-share purchase — split among the ARKK, ARKW, and ARKF funds — was Ark’s first Circle buy since late March. Circle reported first-quarter revenue of $694 million, up 20% year-on-year, while USDCs onchain transaction volume grew 263% to $21.5 trillion and circulating supply rose 28% to $77 billion. The issuer also raised $222 million in a presale for Arc, its new institutional blockchain valued at

05-12Industry

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