Crypto Industry News & Market Trends

BoC: Oil and delayed policy tightening – Commerzbank

Finance　　BoC: Oil and delayed policy tightening – Commerzbank　　Commerzbanks Michael Pfister expects the Bank of Canada (BoC) to keep rates unchanged as policymakers assess the impact of the Middle East conflict and softer inflation. With core inflation stabilizing just above 2% and the real economy recovering slowly, he argues that any Canadian rate hike is unlikely before the last quarter, leaving Oil prices as the main driver for the Canadian Dollar (CAD) for now.　　BoC seen on extended hold　　“We are unlikely to see any change in interest rates from the Bank of Canada (BoC) today. Like many other G10 central banks, policymakers are likely to prefer waiting to see the ultimate impact of the conflict in the Middle East.”　　“This view is supported by the latest inflation figures: the March figures were lower than expected, and the core rate has finally stabilised at just over 2% after many months. There are also a number of other reasons:”　　“The real economy is recovering very slowly; Canada should be somewhat better protected from a price shock due to its energy independence; and, above all, there is the ongoing difficult relationship with the US and the approaching USMCA [United States-Mexico-Canada Agreement] negotiations.”　　“There are therefore few reasons to

04-29Industry

Sam Bankman-Fried’s retrial request rejected by judge citing lack of new evidence

A U.S. federal judge has rejected Sam Bankman-Frieds request for a new trial, closing off his latest attempt to challenge his fraud conviction tied to the collapse of FTX.A U.S. judge has denied Sam Bankman-Frieds request for a new trial, rejecting claims that new witnesses could alter the outcome.Judge Lewis Kaplan has ruled that the cited witnesses were not newly discovered and said the defence could have sought their testimony during the trial.The court has dismissed allegations of government pressure on witnesses as unsupported, while Bankman-Frieds appeal remains ongoing.　　According to a ruling issued Tuesday by U.S. District Judge Lewis Kaplan, the former FTX chief failed to present any valid new evidence, with the court stating that the witnesses cited in his motion were neither newly discovered nor unavailable during trial.　　“None of the witnesses, for example, is ‘newly discovered,’” Kaplan wrote, adding that Bankman-Fried could have sought to compel their testimony but did not.　　Court filings show the judge also dismissed claims that the absence of those witnesses stemmed from government pressure, describing the argument as “wildly conspiratorial and entirely contradicted by the record.”　　The motion itself, Kaplan wrote, formed part of “a plan to rescue his reputation” that had been conceived after

04-29Industry

TotalEnergies (TTEF) Shares Surge as Q1 Earnings Soar 29% Above Forecasts

TotalEnergies SE, TTE　　What fueled the outperformance？ Elevated oil prices combined with robust trading operations linked to Middle Eastern geopolitical tensions.　　Brent crude approached multi-year peaks near $120 per barrel following U.S.-Israeli military operations against Iran that commenced in late February. Irans retaliatory closure of the Strait of Hormuz and subsequent attacks on neighboring Gulf states — including a Saudi Arabian refinery partially owned by TotalEnergies — triggered significant energy market volatility.　　While this turmoil hampered production volumes, it generated substantial profits for the companys trading desks.　　Refining and Chemicals Division Shines Brightest　　The refining and chemicals business unit emerged as the quarterly champion. This segment saw earnings explode to $1.6 billion, up more than fivefold, primarily propelled by exceptional trading performance in oil and petroleum products.　　The upstream exploration and production division recorded a 5% earnings increase to $2.58 billion. The liquefied natural gas business unit saw a modest 2% uptick to $1.3 billion, despite damage to Qatari LNG infrastructure from Iranian strikes that directly impacts TotalEnergies supply chains.　　The marketing and services division posted 9% earnings growth to $262 million. Meanwhile, the integrated power segment — encompassing gas-fired generation, renewable energy, and battery storage — increased 8% to $545 million.　　Notably, every significant business division delivered

04-29Industry

KuCoin and Lightnet Explore Collaboration to Advance Digital Asset and Payment Infrastructure Across Southeast Asia

Tech　　KuCoin and Lightnet Explore Collaboration to Advance Digital Asset and Payment Infrastructure Across Southeast Asia　　PROVIDENCIALES, Turks and Caicos Islands, April 29, 2026 – KuCoin, a leading global crypto platform built on trust, announced it is exploring potential collaboration with Southeast Asia-based fintech company Lightnet. By combining KuCoin‘s global digital asset trading ecosystem with Lightnet’s cross-border payment infrastructure and fintech expertise, the two parties aim to explore long-term opportunities in the digital asset space across Southeast Asia.　　The collaboration is dedicated to exploring potential synergies in the region. It is designed to integrate both parties capabilities to establish a forward-looking ecosystem for digital financial services, and to enhance digital asset infrastructure development across the region. It also reflects a shared vision to support the broader adoption of blockchain-based solutions in emerging markets.　　Lightnet is a fintech company operating a licensed global settlement network and global payment infrastructure, leveraging blockchain technology to improve the efficiency and transparency of cross-border transactions　　“Southeast Asia represents one of the most dynamic regions for digital financial innovation. Through our collaboration with Lightnet, we aim to combine our respective strengths in digital asset trading and cross-border payments to explore more efficient and sustainable financial solutions. This partnership reflects KuCoins continued

04-29Industry

AAVE could reclaim $100 as focus shifts to rebuilding rsETH collateral

Tech　　AAVE could reclaim $100 as focus shifts to rebuilding rsETH collateralAAVE price consolidates as market awaits recovery clarity.rsETH recovery plan addresses $246M bad debt from the Kelp DAO exploit.The immediate resistance sits at $100 as governance execution drives the outlook.　　AAVE token is currently priced at $97.13, down 0.3% over the past 24 hours, while the broader market has remained slightly positive.　　That difference has kept AAVE in focus, not because of broad weakness, but because traders are waiting to see whether the proposed recovery plan designed to restore rsETH collateral after the Kelp DAO exploit can be executed cleanly.　　The key question is whether the recovery effort can remove uncertainty fast enough to allow the token to reclaim the $100 mark and hold above it.　　rsETH collateral recovery plan takes centre stage　　The main driver behind AAVEs current setup is the technical plan proposed to rebuild rsETH collateral after the exploit linked to Kelp DAO.　　The exploit left about $246 million in bad debt across Aave and Compound, creating pressure for a coordinated solution rather than a simple market fix.　　The proposed plan is designed to restore backing for rsETH and reduce the fallout without spreading the losses across users.　　https://t.co/9eUfrt0ESE　　— Aave (@aave) April 28, 2026　　At the

04-29Industry

Tank OS: BEL and OpenClaw Security Revolution

Tech　　Tank OS: BEL and OpenClaw Security Revolution　　Red Hat‘s chief software engineer Sally O’Malley spent a weekend fixing a problem that corporate IT teams weren‘t even aware of yet. The resulting Tank OS wraps the popular OpenClaw software, which deploys AI agents quickly, in a secure shell and presents it as a bootable system image. You can instantly load this image onto cloud servers, virtual machines, or physical hardware. Each agent carries its own credentials in a separate container; it can’t access the host machine or other agents. Thus, an error or attack keeps the damage at a “negligible” level.　　Tank OSs Contributions to the BEL Ecosystem　　Tank OS saves you from manually installing and correctly configuring OpenClaw on every computer; you publish a single image, and every booting machine gets the same settings. Updates are simple too: change the new image, reboot, done. For BEL token holders, this means standardized security in AI agents blockchain integration. As we see on the BEL detailed analysis page, the project ecosystem is strengthening with such innovations.　　OpenClaw Security Vulnerability: CVE-2026-25253 Details　　Security comes into play here; every OpenClaw instance runs in Podman containers. Thanks to this tool developed by Red Hat that doesn‘t require administrator privileges, a

04-29Industry

LDO Price Prediction: $0.48 Rally Target Within Two Weeks

Technical Foundation Solidifies　　LDO has established a firm foothold above its moving average support structure, currently trading at $0.40 with the 7-day SMA providing immediate backing. The token maintains distance from deeper support levels at the 20-day ($0.38) and 50-day ($0.33) averages, creating a tiered defense system for any pullbacks.　　RSI momentum sits at 55.97, positioning in neutral territory with room for expansion without triggering overbought warnings. The MACD line converging at 0.0207 shows early signs of bullish momentum building beneath current price action. Bollinger Band positioning at 0.66 places LDO in the upper portion of its recent range, approaching the $0.45 upper boundary that could serve as the next major test.　　Derivatives Signal Institutional Interest　　Open interest jumped 67.97% over 24 hours to reach $26.6 million, marking significant fresh positioning in LDO contracts. This expansion coincides with top traders maintaining a 1.43 long/short ratio compared to retails 1.21 positioning, highlighting institutional preference for upside exposure.　　Binance spot volume reached $8.1 million daily with a 1.40 taker buy/sell ratio demonstrating consistent buying pressure. The 0.0100% funding rate remains balanced, avoiding the excessive leverage that typically caps sustainable rallies. Analysts at Blockchain.news note that this derivatives positioning often accompanies institutional accumulation phases in major DeFi protocols.　　Path

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Ethereum is Trading -10.90% Below Our Price Prediction for May 02, 2026

Ethereum is down -3.34% today against the US DollarEthereum is currently trading 10.90% below our prediction on May 02, 2026Ethereum gained 13.11% in the last month and is up 26.85% since 1 year agoEthereum price$ 2,287.11Ethereum prediction$ 2,566.90SentimentFear & Greed indexKey support levels$ 2,327.35, $ 2,284.27, $ 2,259.86Key resistance levels$ 2,394.84, $ 2,419.25, $ 2,462.33　　ETH price is expected to rise by 11.10% in the next 5 days according to our Ethereum price prediction　　Ethereum price today is trading at $ 2,287.11 after losing -3.34% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.21% in the same time period. ETH performed poorly against BTC today and recorded a -1.34% loss against the worlds largest cryptocurrency.　　According to our Ethereum price prediction, ETH is expected to reach a price of $ 2,566.90 by May 02, 2026. This would represent a 11.10% price increase for ETH in the next 5 days.　　ETH Price Prediction Chart　　Buy/Sell Ethereum　　What has been going on with Ethereum in the last 30 days　　Ethereum has been displaying a positive trend recently, as the coin gained 13.11% in the last 30-days. The medium-term trend for Ethereum has been bearish, with ETH dropping by

04-29Ethereum

USD: Hawkish risks from Powell signal – ING

Finance　　USD: Hawkish risks from Powell signal – ING　　ING strategist Francesco Pesole notes the US Dollar (USD) has recovered as United States (US) equities wobble and geopolitical tensions persist. Pesole highlights that higher fuel and airline prices are pushing US Consumer Price Index (CPI) back toward 4%, but the Federal Reserve (Fed) still sees this as a supply shock. Powells likely final press conference may lean hawkish, with potential spillovers from big US tech earnings into FX.　　Fed stance and equities drive Dollar　　“The dollar has recovered some ground over the past 24 hours. While growing nervousness about the lack of progress on a US-Iran deal clearly played a role, it looks to us that it was mostly some jitters in US equities due to AI concerns that allowed the USD to rebound. As discussed yesterday, in many USD pairs, global equities are currently having the highest beta in our short-term models.”　　“Domestically, the big event is the Federal Reserves rate announcement at 19 BST/20 CET. Here is our preview. Higher fuel and airline prices are pushing CPI back toward 4%, but the Fed has so far indicated it views this as a transitory supply shock rather than a demand-driven inflation spiral.”　　“There is a

04-29Industry

Pump.fun ditches its use all revenue to burn tokens policy as model fails to support price

Co-founder Alon Cohen explained the change in a follow-up post on X, arguing the business needs the other half of revenue for product investment, hiring, marketing, and potential acquisitions, to keep Pump.fun alive for “decades to come.”　　Part of the reason the move was necessary is the price chart.　　PUMP has spent most of 2026 trading sideways below its launch valuation despite using 100% of revenue for token buybacks for nine months and generating over $1 billion in lifetime revenue.　　“Despite being one of the biggest revenue generating platforms in crypto and allocating 100% of revenue to buybacks, we believe there was a lack of trust in the longevity of the business, the certainty of buybacks, and what the bought-back tokens would be used for,” the team said on X.　　today is a turning point for $PUMP and pump fun　　I want to give more context on the bigger picture and where were actually going.　　over the past ~9 months, 100% of revenue went into buybacks. basically no other platform in crypto has done that at this scale.　　however, we… https://t.co/3WTAHH1fUX　　— alon (@a1lon9) April 28, 2026　　There is a bear case, however. Memecoin launchpad volume is cyclical and mean-reverting. Pump.funs gross protocol revenue totaled $971.37 million in 2025

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