Crypto Industry News & Market Trends

CAD: BoC hawkish tilt with conflict risks – MUFG

Finance　　CAD: BoC hawkish tilt with conflict risks – MUFG　　Derek Halpenny at MUFG highlights that the Canadian Dollar (CAD) has held up well versus the US Dollar since the Middle East conflict began, with markets expecting the Bank of Canada (BoC) to keep rates unchanged but adopt a more hawkish tone. He sees higher, more persistent inflation risks and a short-term bias favouring the US Dollar (USD), though CAD should outperform other energy-importing G10 currencies in a re-escalation scenario.　　BoC steady but more inflation focused　　“In addition to the FOMC, the Bank of Canada meets today and an unchanged monetary stance is widely expected. We also get the release of the Monetary Policy Report and we will likely see a downward revision to GDP growth for this year along with an upward revision to inflation.”　　“In a de-escalation scenario it seems reasonable to us to assume that a retracement in energy prices will be to levels that are still higher than pre-conflict levels if you assume some amount of additional geopolitical risk premium is likely to remain. That means a higher level of inflation than assumed prior to the conflict that may become difficult to look through.”　　“However, at todays meeting the backdrop will be

04-29Industry

Wall Street analysts update Meta stock price target ahead of Q1 earnings

Finance　　Wall Street analysts update Meta stock price target ahead of Q1 earnings　　Ahead of Meta Platforms‘ (NASDAQ: META) Q1 2026 earnings release, a majority of Wall Street analysts are bullish on the company’s stock.　　Notably, Wall Street expects quarterly revenue of about $55.56 billion, up 31% year over year. Advertising revenue is projected at roughly $53.93 billion, a 30% increase, while earnings per share are estimated at around $6.67, with some forecasts as high as $6.73.　　This earnings report is a key test for Meta, as investors look for proof that heavy AI spending can translate into sustained revenue growth.　　The focus is on whether AI-driven gains in ad targeting, engagement, and automation can justify one of the tech sectors largest capital expenditure cycles.　　Ahead of the earnings, scheduled for market close on April 29, META is showing volatility, trading at $664 as of press time, down about 1%. Year to date, the equity remains up 2%, while over the past month, Meta shares have rallied nearly 25%.　　Regarding the stock outlook, according to aggregated data from 33 analysts over at , META carries a ‘Strong Buy’ rating, with 28 buy recommendations, five holds, and no sell calls.　　The average 12-month price target stands at $852.64, implying

04-29Industry

Stables Accelerates Asia Expansion After 466% Growth With eStable Integration

Stables has announced a strategic partnership with eStable that could mark an important step in the companys evolution from a USDT-focused payments platform into a broader stablecoin infrastructure layer for Asia.　　The company said the collaboration will combine eStable‘s institutional-grade banking infrastructure with local stablecoin issuing capabilities, giving Stables’ developer customers access to new rails for moving between fiat and stablecoins more efficiently.　　The integration is designed to support both institutional settlement and the minting of local currency stablecoins, with backing from USDT and Tethers Hadron. The announcement comes as Stables reports 466% yearly growth, showing how quickly demand for stablecoin-based payment infrastructure is expanding across the region.　　For Stables, the partnership appears to be more than a simple product extension. It is a signal that the company is positioning itself as a key infrastructure layer for fintech builders who need compliant and programmable ways to move money across Asian markets.　　“We started by building the developer platform for accessing USDT in Asia,” said Bernardo Bilotta, CEO and co-founder of Stables. “With eStable, we are going deeper, giving developers worldwide access to institutional banking rails and local stablecoin issuing rails backed by USDT and Hadron that opens up entirely new use cases across the

04-29Industry

Solana Price Prediction: Analyst Flags 10% SOL Move At Triangle Apex As Quantum Protection Sits Ready

Tech　　Solana Price Prediction: Analyst Flags 10% SOL Move At Triangle Apex As Quantum Protection Sits ReadySOL trades at $84.63, inside a CRT range between $84.43 and $85.05 with the SAR at $84.27 as the immediate floor.Analyst Ali Charts flagged SOL approaching a triangle apex with a 10% move setup, targeting $93 on a breakout.Solana Foundation confirmed Falcon post-quantum protection is implemented and ready to activate without disrupting network performance.　　Solana trades at $84.63 on April 29, sitting at the apex of a descending triangle that analyst Ali Charts says is coiling for a 10% move, as the Solana Foundation released a quantum readiness report confirming post-quantum protection is already built and deployable without disrupting network performance.　　SOL Hourly Chart: CRT Range Forms Right At The Triangle Apex　　The CRT setup has defined a candle range with the high at $85.05 and the low at $84.43. Price sits at $84.63, inside the range and above the SAR at $84.27. The 20-day EMA at $84.24 sits just below the SAR, creating a support cluster between $84.24 and $84.27.　　The CRT range measures 62 cents from $84.43 to $85.05. The three-times measured target projects to approximately $86.91 above the range high, aligning with the upper boundary of

04-29Industry

Meme Coins Rally: DOGE Hits $0.1 in Short Squeeze, SHIB Jumps on Golden Cross

Tech　　Meme Coins Rally: DOGE Hits $0.1 in Short Squeeze, SHIB Jumps on Golden Cross　　The altcoin market turned green on Wednesday with most tokens already flashing oversold conditions. Meme coins rallied on strong inflows with Dogecoin and Shiba Inu posting up to double-digit gains.　　Dogecoin jumped as much as 15% to reach an intraday high of $0.112, posting stronger gains among the top ten cryptocurrencies by market cap. Following days of muted price action, Dogecoin saw a sharp move from $0.099 to $0.112, breaking the $0.1 barrier, which had previously limited its price for most of 2024 (since February).　　Traders continue to pour capital into DOGE futures, lifting the OI by more than 28% in a single day to $1.81 billion, the highest since Oct. 10. The move higher caught Dogecoin shorts unaware, creating a squeeze that lifted the price higher.　　You Might Also Like　　According to CoinGlass data, a significant amount of short positions were liquidated in the last 24 hours, totaling $21.33 million while long positions surpassed $451,420.　　SHIB jumps on golden cross　　SHIB likewise saw a major surge, posting its largest gain in recent weeks. SHIB surged from $0.00000612 to $0.00000656, gaining more than 6%.　　XRP Wins Weekly ETF Race vs. Bitcoin as $1 Billion

04-29Industry

A tiny group is winning on Polymarket as under 1% of wallets take half the profits

A small group of traders may be driving prediction markets, but an even smaller group is taking most of the money.　　A new report from blockchain analytics firm Solidus Labs finds that profit concentration on Polymarket is extreme, with fewer than 1% of wallets capturing roughly half of all gains in key markets.　　Across Polymarkets politics markets between December 2025 and February 2026, just 0.55% of profitable maker wallets captured 50% of gains, the report finds, while 0.26% of winning taker wallets accounted for nearly the same share. In dollar terms, roughly $8 million of about $16 million in profits accrued to each of those tiny cohorts.　　The data sharpens a picture already forming in academic work: A London Business School and Yale paper previously analyzed by CoinDesk found that about 3% of Polymarket traders drive most price discovery.　　A small minority moves the prices. A smaller minority keeps the money.　　The contrast underscores a key point: concentration does not necessarily imply wrongdoing. Some traders are simply more sophisticated, better capitalized, or faster to act on information. But the report argues that the scale of the imbalance suggests a structural divide between a small group operating with significant advantages and the broader base of participants.　　“The

04-29Industry

Stables Accelerates Asia Expansion After 466% Growth With eStable Integration

Stables has announced a strategic partnership with eStable that could mark an important step in the companys evolution from a USDT-focused payments platform into a broader stablecoin infrastructure layer for Asia.　　The company said the collaboration will combine eStable‘s institutional-grade banking infrastructure with local stablecoin issuing capabilities, giving Stables’ developer customers access to new rails for moving between fiat and stablecoins more efficiently.　　The integration is designed to support both institutional settlement and the minting of local currency stablecoins, with backing from USDT and Tethers Hadron. The announcement comes as Stables reports 466% yearly growth, showing how quickly demand for stablecoin-based payment infrastructure is expanding across the region.　　For Stables, the partnership appears to be more than a simple product extension. It is a signal that the company is positioning itself as a key infrastructure layer for fintech builders who need compliant and programmable ways to move money across Asian markets.　　“We started by building the developer platform for accessing USDT in Asia,” said Bernardo Bilotta, CEO and co-founder of Stables. “With eStable, we are going deeper, giving developers worldwide access to institutional banking rails and local stablecoin issuing rails backed by USDT and Hadron that opens up entirely new use cases across the

04-29Industry

Fed: Policy focus and leadership change – DBS

Finance　　Fed: Policy focus and leadership change – DBS　　Philip Wee of DBS Bank discusses the Federal Reserve‘s expected decision to keep the Fed Funds Rate unchanged while Jerome Powell holds his final press conference as Chair. He notes Kevin Warsh’s emphasis on trimmed-mean inflation and AI-driven productivity, and highlights shifting political dynamics that have cleared the way for Warsh‘s confirmation and altered Powell’s calculus about remaining as Governor.　　Warsh paradigm and Powell exit　　“Jerome Powell will conduct his final press conference as Fed Chair following the expected decision to maintain the Fed Funds Rate at 3.50-3.75%.”　　“The calculus for Powell staying on as a Governor until January 2028 has shifted significantly with the Department of Justice‘s decision on April 24 to drop its probe into the Fed’s building renovations, moving Republican Senator Thom Tillis from blocking to endorsing Warsh on April 26.”　　“Warsh appeared to divert the current war-related energy shock by shifting the Feds focus away from core PCE inflation toward trimmed-mean inflation and AI productivity gains, alongside a barbell strategy of lower rates and balance-sheet reduction.”　　“His strategy is reminiscent of Alan Greenspans shift towards the Core PCE deflator, which ran lower than CPI, to justify a more accommodative stance during the productivity gains

04-29Industry

Meme Coins Rally: DOGE Hits $0.1 in Short Squeeze, SHIB Jumps on Golden Cross

Tech　　Meme Coins Rally: DOGE Hits $0.1 in Short Squeeze, SHIB Jumps on Golden Cross　　The altcoin market turned green on Wednesday with most tokens already flashing oversold conditions. Meme coins rallied on strong inflows with Dogecoin and Shiba Inu posting up to double-digit gains.　　Dogecoin jumped as much as 15% to reach an intraday high of $0.112, posting stronger gains among the top ten cryptocurrencies by market cap. Following days of muted price action, Dogecoin saw a sharp move from $0.099 to $0.112, breaking the $0.1 barrier, which had previously limited its price for most of 2024 (since February).　　Traders continue to pour capital into DOGE futures, lifting the OI by more than 28% in a single day to $1.81 billion, the highest since Oct. 10. The move higher caught Dogecoin shorts unaware, creating a squeeze that lifted the price higher.　　You Might Also Like　　According to CoinGlass data, a significant amount of short positions were liquidated in the last 24 hours, totaling $21.33 million while long positions surpassed $451,420.　　SHIB jumps on golden cross　　SHIB likewise saw a major surge, posting its largest gain in recent weeks. SHIB surged from $0.00000612 to $0.00000656, gaining more than 6%.　　XRP Wins Weekly ETF Race vs. Bitcoin as $1 Billion

04-29Industry

A tiny group is winning on Polymarket as under 1% of wallets take half the profits

A small group of traders may be driving prediction markets, but an even smaller group is taking most of the money.　　A new report from blockchain analytics firm Solidus Labs finds that profit concentration on Polymarket is extreme, with fewer than 1% of wallets capturing roughly half of all gains in key markets.　　Across Polymarkets politics markets between December 2025 and February 2026, just 0.55% of profitable maker wallets captured 50% of gains, the report finds, while 0.26% of winning taker wallets accounted for nearly the same share. In dollar terms, roughly $8 million of about $16 million in profits accrued to each of those tiny cohorts.　　The data sharpens a picture already forming in academic work: A London Business School and Yale paper previously analyzed by CoinDesk found that about 3% of Polymarket traders drive most price discovery.　　A small minority moves the prices. A smaller minority keeps the money.　　The contrast underscores a key point: concentration does not necessarily imply wrongdoing. Some traders are simply more sophisticated, better capitalized, or faster to act on information. But the report argues that the scale of the imbalance suggests a structural divide between a small group operating with significant advantages and the broader base of participants.　　“The

04-29Industry