Crypto Industry News & Market Trends

Swiss Bitcoin Reserve Referendum Fails Amid Low Support

A campaign to require the Swiss National Bank (SNB) to hold Bitcoin as part of its reserves has failed to gather enough support to reach a national referendum. Organizers secured only about 50,000 of the required 100,000 signatures, according to a Reuters report.　　The initiative aimed to amend Switzerland‘s constitution, mandating the central bank to include Bitcoin (BTC) alongside gold and foreign currency reserves. Advocates argued Bitcoin could diversify Switzerland’s reserves, which are heavily concentrated in U.S. dollar- and euro-denominated assets—around 75% of the SNBs foreign currency holdings, per Reuters. However, the central bank has been steadfast in its opposition to cryptocurrencies, citing concerns over volatility and liquidity.　　Yves Bennaim, the campaign‘s founder, admitted the chances of success were slim from the outset but emphasized the broader goal of sparking debate about Bitcoin’s role in global finance. While the campaign fell short, it underscores the growing discussion around sovereign Bitcoin adoption, albeit with significant hurdles.　　Limited Sovereign Bitcoin Adoption　　Globally, few nations have embraced Bitcoin as a reserve asset. El Salvador remains the most prominent example, incorporating Bitcoin into its sovereign reserves following its 2021 decision to adopt BTC as legal tender. The country currently holds 7,645 BTC, according to BitcoinTreasuries.com.　　Bhutan has also emerged

05-09Industry

Solana Price Prediction: Bulls Hold the Line as $100 Nears

Tech　　Solana Price Prediction: Bulls Hold the Line as $100 Nears　　Solana stayed above key short term support as analysts pointed to a possible move toward the $100 area. The latest SOL charts show buyers defending the $86 to $88 zone while low time frame traders track the next breakout level.　　Solana Bulls Defend Key Micro Support as SOL Holds Near $88　　Solana traded near $88.45 on the one-hour chart as price continued to test a short-term micro support zone between $86.72 and $88.60, according to the chart shared by More Crypto Online on X.　　The chart shows SOL holding inside that range after its recent move higher from the low $80 area. The main level remains $86.73. As long as buyers defend that price area, the current upside structure stays active.　　SOL Micro Support Region. Source: More Crypto Online on X　　However, a clean break below $86.73 would weaken the short-term bullish setup. In that case, SOL could move toward the next support levels marked near $81.76, $80.08, and $79.07. The chart also shows a wider support area around $75.40 to $77.95.　　For now, SOL has not lost the micro support region. The price remains close to the upper part of the zone, which suggests buyers are

05-09Industry

Zcash surges 110% as Gemini launches ZEC credit card rewards

Tech　　Zcash surges 110% as Gemini launches ZEC credit card rewards　　Zcash has doubled in price over the past 30 days, and the catalyst is something youd find in your wallet, not on a trading terminal. The privacy-focused cryptocurrency surged 110% after Gemini rolled out a dedicated Zcash Edition of its credit card, turning everyday spending into a ZEC accumulation strategy.　　The card, launched on January 29, 2026, offers up to 4% cashback on eligible purchases paid out in ZEC. Gas, dining, and other routine expenses now funnel rewards into one of crypto‘s most established privacy coins. It’s issued by WebBank, available only to US-eligible users, and operates entirely within Geminis regulated framework.　　What the Gemini card actually does　　The Gemini Credit Card: Zcash Edition lets holders earn ZEC rewards across a range of spending categories. The up-to-4% cashback rate is competitive with traditional credit card rewards programs, except instead of airline miles, the rewards sit in an asset with actual price volatility.　　Cardholders who held their ZEC rewards for at least one year have seen an appreciation of 912.2%. If you earned $100 in ZEC cashback and just left it alone for a year, it would have grown to roughly $1,012.　　ZEC now ranks among the

05-09Industry

Zondacrypto (formerly BitBay) Faces Estonia FSA Warning

Estonia‘s Financial Supervision and Resolution Authority (FSA) has issued an investor warning against Zondacrypto, operated by BB Trade Estonia OÜ, for alleged non-compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations. The regulator flagged the exchanges failure to provide a white paper for its “TeamPL” token, a key requirement under MiCA Article 9.　　The FSA stated that crypto issuers are obligated to maintain a white paper on their website for as long as the tokens remain publicly traded. Zondacrypto has yet to publicly respond to the warning.　　Withdrawal Crisis and Missing Funds　　The warning comes at a turbulent time for Zondacrypto, which is already under scrutiny over unresolved withdrawal issues. In April, CEO Przemysław Kral revealed that the exchange could not access a cold wallet containing approximately 4,500 Bitcoin (worth $360 million at the time). Kral blamed the issue on the companys founder and former CEO, Sylwester Suszek, who has been missing since 2022 and allegedly never handed over the private keys.　　Kral has denied insolvency rumors, insisting that Zondacrypto will fulfill all customer obligations. However, these assurances have not quelled concerns among users, particularly as Polish authorities opened an investigation into the exchange last month following multiple complaints about frozen withdrawals.　　CEOs Silence

05-09Industry

Connecticut passes sweeping AI regulation law SB5

Connecticut SB5 passed both chambers on May 1 and heads to the governor, making it one of the most comprehensive state AI laws in the US.Connecticut SB5 passed 131-17 in the House and 32-4 in the Senate on May 1, with Governor Lamont confirming he will sign the bill.The law covers AI companions, synthetic media transparency, automated employment decision tools, and frontier model developers, with staggered effective dates from October 2026.The law takes effect despite the Trump administrations executive order urging states to avoid burdensome AI regulation, making Connecticut the latest state to defy federal pressure.　　Connecticut SB5 passed on May 1, becoming one of the broadest state AI laws in the US. The House voted 131-17 in favor and the Senate passed it 32-4, with bipartisan support in both chambers. Governor Ned Lamont confirmed he will sign the bill, which is now formally titled the Connecticut Artificial Intelligence Responsibility and Transparency Act.　　The law covers AI companions, automated employment decision tools, synthetic media provenance, and frontier model developers above defined thresholds.　　First effective date is October 1, 2026. Most provisions become enforceable exclusively by the state Attorney General as unfair or deceptive trade practices, with no private right of action.　　What the law

05-09Industry

Dogecoin Price Prediction: DOGE Bulls Defend Key Recovery

Tech　　Dogecoin Price Prediction: DOGE Bulls Defend Key Recovery　　Dogecoin is trading at a key point as two charts show both downside risk and a still active recovery setup. DOGE must clear the $0.118 resistance area to strengthen momentum, while the $0.07 to $0.10 zone remains important if selling pressure returns.　　Dogecoin Chart Warns of Deeper Drop as DOGE Tests Long Term Channel　　Dogecoin showed a bearish higher time frame setup on the three week chart, according to a TradingView chart shared by Crypto Patel on X.　　The chart places DOGE inside a long term descending channel that has shaped price action since earlier market cycles. Each major rejection near the upper channel area led to deeper pullbacks, and the latest setup again shows price near resistance.　　DOGE Long Term Descending Channel. Source:　　DOGE also faced a strong rejection zone near the $0.08 to $0.10 area on the chart. The analyst marked this region as important because price failed to break cleanly above it during the latest move.　　The chart also points to a possible move lower before any larger recovery attempt. Crypto Patel marked the $0.10 to $0.07 area as an accumulation zone, suggesting that this range could become important if selling pressure continues.　　However, the same chart

05-09Industry

US Senate Committee to consider Clarity Act crypto bill next week

Crypto　　US Senate Committee to consider Clarity Act crypto bill next week　　The US Senate Banking Committee is set to markup the Clarity Act on May 14, a bipartisan bill that would establish the first comprehensive regulatory framework for digital assets in the country.　　The Clarity Act, formally known as the Digital Asset Market Clarity Act, would define the jurisdictional boundaries between the SEC and CFTC. In English: it would finally answer the question of whether a given token is a security or a commodity, and which agency gets to police it.　　What the bill actually does　　At its core, the Clarity Act is an attempt to replace what critics have called “regulation by enforcement” with an actual rulebook. Instead of the SEC suing projects after the fact and letting courts sort out the definitions, the bill would establish those definitions upfront.　　Stablecoin regulation is also on the table. Banks have been pushing to ban stablecoin rewards, arguing that yield-bearing stablecoins undermine traditional deposit bases. Crypto firms, predictably, see it differently, framing stablecoin yields as a form of financial innovation that shouldnt be strangled in the crib.　　The bill has attracted bipartisan backing, with Senators Cynthia Lummis and Thom Tillis among its most vocal supporters. Both have

05-09Industry

Can ICP Price Rally Continue Toward $7, as Whales Have Turned On?

Tech　　Can ICP Price Rally Continue Toward $7, as Whales Have Turned On？　　The post Can ICP Price Rally Continue Toward $7, as Whales Have Turned On？ appeared first on Coinpedia Fintech News　　The Internet Computer crowd finally has something to celebrate besides survival. ICP price just ripped nearly 35% higher to touch $4.0 before cooling near $3.70, and for once, this wasnt some random candle fueled by some kind of meme-level delusion. The breakout actually came with a proper narrative to which traders could sink their teeth into.　　More importantly, ICP/USD today has managed to break above the 200-day EMA band, flipping a long-standing resistance zone into dynamic support. In crypto terms, thats basically the chart screaming, “maybe the pain trade is over.”　　WordPress Move Ignites Internet Computer Demand　　Well, the rally in ICP token price really started on May 5 after Dfinity announced on X that WordPress now runs entirely on the Internet Computer through the Wasp Technology team.　　And no, not partially. The deployment reportedly includes the frontend, WP-admin, database, and caching system running fully on-chain without external databases, off-chain caches, proxy layers, or TEE VPS infrastructure, per their x post. That development helped ICP price bounce from the $2.30 support region and climb

05-09Industry

BlackRock CEO Larry Fink dismisses AI bubble concerns, urges faster investment

Tech　　BlackRock CEO Larry Fink dismisses AI bubble concerns, urges faster investment　　Larry Fink, the CEO of BlackRock, wants you to know that AI is not in a bubble. And hed really appreciate it if everyone would start spending money faster.　　Speaking at the 2026 World Economic Forum in Davos on January 22, Fink made a sweeping case for accelerating AI infrastructure investment globally. His core argument: the world isnt moving fast enough, the capital expenditure required is enormous, and the economic payoff from building it out will ripple across the entire global economy.　　“I sincerely believe there is no bubble in the AI space. Hundreds of billions of dollars is needed to build this out. The capex is going to drive more global growth.”　　The case for hundreds of billions　　AI requires physical infrastructure: data centers, chips, power grids, cooling systems. Major tech companies like AWS, Google, and Microsoft are expected to spend $200 billion or more on data centers alone in 2026. BlackRocks own Q1 2026 earnings confirmed that the firm views AI infrastructure as a $1 trillion-plus opportunity over the next five years.　　Fink specifically argued that AI benefits must “spread beyond the biggest firms” to avoid a scenario where a handful of hyperscalers

05-09Industry

XRP just flashed major buy signal: Is $3 next?

Finance　　XRP just flashed major buy signal: Is $3 next？　　XRP is showing signs of a potential short-term reversal after a key technical indicator flashed a fresh buy signal, raising expectations that bullish momentum could return following the tokens recent pullback.　　The latest signal, highlighted by cryptocurrency trading expert Ali Martinez in an X post on May 8, comes from the TD Sequential indicator, a technical analysis tool traders use to identify trend exhaustion and possible reversal points.　　According to the setup, the indicator previously issued a sell signal near XRPs recent local peak around $1.46 on May 6.　　That bearish signal was followed by a correction of roughly 5.5% over the next two days, reinforcing confidence among traders who closely track the indicators accuracy during recent XRP swings.　　The indicator has now turned bullish again, with XRP stabilizing after a series of bearish four-hour candles pushed the asset lower from recent highs.　　The new “9” buy signal suggests selling pressure may be easing, while buyers could be preparing for another upward move.　　At the same time, downside momentum appears to be weakening, as recent candles have become smaller and more compressed while XRP consolidates above short-term support.　　Traders are now watching whether XRP can reclaim the $1.45 resistance

05-09Industry

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