Crypto Industry News & Market Trends

Anthropic Hits $1 Trillion Valuation, Overtakes OpenAI in AI Race

Anthropic has surged past OpenAI in the private market valuation race, with its implied worth crossing $1 trillion in recent secondary trades. The jump marks a dramatic shift in the artificial intelligence sector, where OpenAI had long held the top position.　　Private trading platforms such as Forge Global and decentralized exchanges like Jupiter have reflected strong demand for Anthropic shares. Investors have pushed valuations far beyond the companys $380 billion funding round just three months earlier. What changed so quickly？ The answer lies in demand. Buyers are actively competing for limited shares, which has driven prices sharply higher.　　At the same time, OpenAIs valuation has settled around $880 billion in similar markets. That still places it among the most valuable private companies globally. Yet the gap highlights a clear momentum shift.　　What Is Driving Anthropics Rapid Surge？　　is linked closely to its revenue acceleration and enterprise focus. The companys annualized revenue reportedly climbed from about $9 billion in late 2025 to nearly $39 billion by March 2026. That pace has caught investor attention.　　Its Claude models, especially tools like Claude Code, have gained traction among developers and businesses. These tools target enterprise clients that demand reliability and scalability. Why does that matter？ Enterprise contracts often

04-29Industry

CLARITY Act stablecoin fight shifts from yield to who captures digital-dollar economics

Washington is turning stablecoins into regulated payment instruments while trying to keep issuer-paid yield away from holders. That combination changesthe economics of digital dollars and puts the value of user balances up for grabs across the intermediary stack.　　The GENIUS Act bars permitted payment stablecoin issuers and foreign payment stablecoin issuers from paying holders any form of interest or yield solely for holding, using, or retaining a payment stablecoin.　　The FDICs April 7 proposal would turn parts of that law into operating standards for FDIC-supervised issuers, including reserves, redemption, capital, risk management, custody, pass-through insurance, and tokenized-deposit treatment.　　That leaves a practical question for a market that reached roughly $320 billion in stablecoin supply in mid-April. If holders cannot receive direct issuer-paid yield, the value created by tokenized dollars still has to land somewhere.　　The redistribution runs through the operating stack. The fight shifts to issuers, exchanges, wallets, custodians, banks, asset managers, card networks, and tokenized-deposit providers. They are the parties positioned to collect reserve income, distribution payments, custody fees, payment fees, settlement benefits, loyalty economics, or deposit economics.　　The rulebook pushes yield into the plumbing　　The stablecoin framework begins with reserves. GENIUS requires permitted issuers to maintain identifiable reserves backing outstanding payment stablecoins at least

04-29Industry

SWIFT vs XRP Ledger: Why Replication Isn’t Possible

Ripple‘s XRPL Patent Strategy Sparks Debate Over SWIFT’s Future in Global Payments　　A resurfaced document shared by crypto researcher SMQKE has over Ripple‘s XRP Ledger (XRPL) and its role in global payments. It argues that Ripple’s intellectual property, especially its patented design, could make it difficult for competitors to develop truly comparable blockchain-based payment systems.　　The document acknowledges that Ripples patent strategy is built to protect its core transaction architecture, effectively securing exclusive control over key elements of its payment system.　　In practice, this could make it difficult for competitors to replicate similar end-to-end settlement models without running into legal or technical restrictions tied to protected design features.　　This development ties into a long-running debate around Ripple: that legacy systems like SWIFT, despite their dominance in global banking, still struggle with the realities of cross-border settlement.　　Persistent delays, heavy reliance on intermediaries, and reconciliation frictions continue to expose inefficiencies in the final stage of international payments.　　XRP Ledger Gains Ground as Ripple Pushes for Faster, Smarter Global Payments　　The XRP Ledger is positioned as a streamlined alternative built for near-instant settlement and direct value transfer, removing the need for multiple intermediary layers.　　Well, this structure reduces cross-border friction, compressing settlement times from days to seconds while improving transparency

04-29Industry

Dogecoin Futures Jump 33% as Open Interest Outpaces Price

Over the same week, Dogecoin price advanced about 3% despite rising futures activity. In the last 24 hours, the token slipped 0.23% on major exchanges. This gap between leverage growth and price movement raised fresh questions about positioning.　　Maartun stated that rising open interest without a breakout signals aggressive positioning. He said, “Traders are building positions on both sides of the market.” His comment reflected the current balance between long and short exposure.　　The data indicated that leveraged contracts expanded faster than the underlying asset price. As a result, traders increased risk exposure within a compressed price range. The trend showed higher participation without matching upside momentum.　　Market Signals Point to Tension in Dogecoin Futures Structure　　Analysts explained that such divergence can heighten market sensitivity. They noted that rising open interest often precedes stronger volatility. However, Dogecoin has not confirmed a decisive upward trend yet.　　Market participants observed steady futures inflows across exchanges tracking Dogecoin. Meanwhile, funding rates remained mixed as traders adjusted their bias. These signals reflected ongoing competition between buyers and sellers.　　One analyst said the structure could trigger sharp moves if positions unwind quickly. He stated, “When leverage builds faster than price, liquidation risk increases.” His remark underlined the potential for sudden reactions.　　Despite

04-29Industry

Warning: Bitcoin exchange inflows surge

The Bitcoin (BTC) exchange net inflows surged to the largest single-day in the past 30 days on April 27, fueled by whale investors.　　On Monday, the net inflow of Bitcoin to cryptocurrency exchanges was more than 9,905 BTC, valued at more than $754.4 million at press time, according to data from . Notably, the exchange whale ratio, which shows the share of exchange inflows dominated by the 10 largest deposits, jumped to the highest level in over a week of 0.707, suggesting large BTC holders dominated inflows, as per an update from .　　Bitcoin exchange inflows for 30 days. Source: CryptoQuant　　As a result, the crypto exchanges holdings surged from 2.666 million BTC on April 25 to 2.677 million BTC by April 28. The spike in crypto exchange holdings coincided with the end of 9 consecutive days of cash inflows into spot Bitcoin exchange-traded funds (ETFs) on Monday.　　After reporting a net inflow of more than $2.1 billion between April 14 and 24, the U.S. spot BTC ETFs registered a net cash outflow of $263.18 million on Monday, based on metrics from　　Spot BTC ETF daily flow. Source: SoSoValueBitcoin price signals trend shift on renewed spot sell-off　　Following the renewed sell-off for spot Bitcoin by whale

04-29Industry

Litecoin Postmortem: MWEB Bug Let Attacker Fake 85,034 LTC Pegout Before Devs Froze Funds

A Litecoin MWEB validation bug let an attacker inflate and peg out 85,034 in March 2026, but the actor returned the funds for an 850 bounty.An April 2026 exploit attempt triggered a 13-block chain reorg, causing NEAR Intents to lose 11,000 swapped for 7.78 .Litecoin Core v0.21.5.4 patches both the bug and the mining stall that enabled the April reorg.　　Litecoin Developers Release Postmortem After MWEB Bug Causes Chain Reorg　　The postmortem identified the root cause as a missing metadata check during block connection. When an MWEB input spends a previous output, the metadata it carries must match the actual being consumed. That check existed in the mempool and block-building paths, but developers confirmed it was not fully enforced at the block connection stage.　　Developers discovered the vulnerability through internal review on March 19. A chain scan showed exploitation had already occurred at block 3,073,882. The attacker used a malicious MWEB input whose real value was no more than 1.2084693 to support a pegout of 85,034.47285734 .　　Developers said they coordinated privately with major mining pools to contain the inflated outputs before public disclosure. An emergency release, Litecoin Core 0.21.5, was pushed to miners to block new malformed inputs. A follow-up release, 0.21.5.1, added

04-29Industry

Silver Price Forecast: Bearish momentum builds as XAG/USD struggles below SMAs

In the daily chart, XAG/USD maintains a bearish near-term bias as it trades below both the 100-day and 50-day Simple Moving Averages (SMAs), which are closely aligned and showing early signs of a bearish crossover, keeping the near-term bias tilted to the downside.　　Momentum indicators echo this soft tone, with the Relative Strength Index (RSI) hovering near 42 and the Moving Average Convergence Divergence (MACD) line slipping just below zero, while a subdued Average Directional Index (ADX) around 12 suggests a weak and potentially range-bound trend.　　On the upside, the moving average cluster between $78.50-$79.50, where the 50-day and 100-day SMAs converge, marks initial resistance and would need to be reclaimed to ease the current bearish pressure. The next meaningful resistance is seen near the $90 psychological level.　　On the downside, the $70 level marks initial support, followed by the 200-day SMA near $62.40, which stands out as the next major structural support.　　Silver FAQs　　Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation

04-29Industry

GM Receives $500 Million Tariff Refund—But Will It Go To Customers?

General Motors on Tuesday said it anticipated a $500 million tariff refund from the Trump administration after the Supreme Court struck down President Donald Trump‘s sweeping levies, boosting the legacy automaker’s earnings projections, though its unlikely consumers will receive any benefits from the large-scale rebates.　　Copyright 2024 The Associated Press. All rights reserved　　Key Facts　　GM disclosed its $500 million estimate while reporting first-quarter earnings on Tuesday, and the automaker said the rebate would raise its full-year earnings guidance to between $13.5 billion and $15.5 billion, or $11.50 to $13.50 per share.　　The automaker reported quarterly revenue of $43.6 billion and $3.70 earnings per share, surpassing consensus analyst expectations of $43.5 billion and $2.60, according to FactSet.　　In a letter to shareholders, CEO Mary Barra said the company was “clearly operating in a very dynamic environment,” but said GM saw solid growth and a strong balance sheet “to achieve [its] long-term goals.”　　Shares of GM fell slightly (0.06%) as of Tuesday afternoon, paring back further losses earlier in the day.　　What Other Companies Will Receive Tariff Refunds？　　Some 300,000 U.S. importers will receive $166 billion in refunds from the Trump administration, and that amount will be paid back with interest, Customs and Border Protection disclosed in a court

04-29Industry

Bybit Launches BTC vs Tokenized Gold Trading Event With 150,000 USDT Prize Pool

Bybit, the worlds second-largest cryptocurrency exchange by trading volume, has launched a new trading competition “BTC vs Gold: Pick, Trade and Share 150,000 USDT” that pits Bitcoin against tokenized gold assets, offering participants a total prize pool of 150,000 USDT.　　The campaign runs now through May 15, 2026. The initiative invites eligible users to select between Bitcoin, often referred to as digital gold, and tokenized gold assets including XAUT, XAU and PAXG, and compete based on trading activity.　　Participants earn voting tickets through trading eligible pairs, with each completed task contributing to their selected teams total. At the conclusion of the campaign, the team with the higher number of accumulated tickets will be declared the winner. The winning side will share up to 90,000 USDT, while the remaining 60,000 USDT will be distributed among participants on the opposing team, reflecting a 60 percent and 40 percent split of the total pool.　　The campaign introduces a team-based structure designed to support competitive participation and multiple activity pathways. Alongside trading, participants may complete deposit and referral tasks, creating additional avenues for involvement. The inclusion of both Bitcoin and tokenized gold assets such as PAX Gold and Tether Gold allows users to engage with different asset

04-29Industry

A7A5 handles transactions worth over 7.5 trillion rubles

Decentralized finance helped Russias favorite stablecoin, A7A5, reach trillions of rubles in annual turnover, according to a top manager of the sanctioned project.　　The role of such cryptocurrencies has been growing for Russian trade under Western sanctions, the latest of which specifically targeted digital coins tied to the ruble.　　A7A5 handles transactions worth over 7.5 trillion rubles　　Integration with decentralized finance (DeFi) has allowed the Russian fiat-pegged stablecoin A7A5 to process 7.5 – 8 trillion rubles ($100-106 billion) in cross-border transfers within a year.　　The revelation was made by the project‘s Director for International Development, Oleg Ogienko, who shed light on the mechanisms that enabled the coin’s growth.　　The crypto executive spoke at a financial forum this week organized by the PSB bank, which is backing the project. He was quoted by the business news portal RBC as stating:　　“DeFi has become our salvation. It was the bridge to decentralized finance that allowed the stablecoin to scale. Without it, there would be neither liquidity, nor the instrument currently in use.”　　Ogienko noted that while only around 1.65 trillion rubles worth of digital financial assets (DFAs) are issued in Russia, global transactions on public blockchains involving Russian users exceed 20 trillion rubles (over $266 billion).　　As defined in Russian

04-29Industry

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