Crypto Industry News & Market Trends

CFTCs AI will review U.S. crypto registration applications, chairman tells CoinDesk

Already noted for embracing digital assets, the U.S. Commodity Futures Trading Commission is also leaning into artificial intelligence to pick up the slack after slashing more than a fifth of its workforce, Chairman Mike Selig said in an interview with CoinDesk.　　Selig, who is set to appear at Consensus 2026 in Miami next week, said AI and automation can make up for the personnel cuts under President Donald Trumps campaign to reduce federal staffing. He said the agency — on its way to become a leading U.S. regulator for the crypto sector — is pushing toward using the technology to review registration applications and even help in market surveillance.　　The CFTC registration process currently relies on the manual submission of documents, Selig said, so “we‘re building out systems to automate that, to make it much more efficient.” “AI tools can be used to review the applications, flag certain things for the staff, make their jobs easier, make it much faster for them to provide feedback and also reject certain things that aren’t materially complete,” he said. “We can see something come in with blank space or inadequate descriptions or things that are clearly wrong, picked up by AI, and it can reject

04-28Industry

Shiba Inu Price Prediction: Burn Rate Spikes 306% But SHIB Stalls Below The Bollinger Upper Band

Tech　　Shiba Inu Price Prediction: Burn Rate Spikes 306% But SHIB Stalls Below The Bollinger Upper BandSHIB trades at $0.0000061, down 0.16%, pressing against the Bollinger upper band at $0.0000635 with MACD barely above zero.The 24h burn rate surged 306.37%, spiking to 2.8M tokens before fading, while the 7-day trend is up 17.20%.The 7-day burn trend is up 17.20% with two spikes above 16M and 23M tokens on April 21 and April 24 respectively.　　Shiba Inu trades at $0.0000061 on April 28, holding just below the Bollinger upper band as a 306% 24-hour burn spike adds supply-side noise to a chart that has spent two months compressing without direction.　　SHIB Daily Chart: Upper Band At $0.0000635 Has Not Broken Once This Year　　SHIB has been inside a descending channel since the April 2025 peak near $0.000017, and the Bollinger Bands have been tightening through the entire base-building phase since February. The upper band at $0.0000635, midline at $0.0000606, and lower band at $0.0000577 form a narrow range around current price, with todays session at $0.0000613 sitting between the midline and upper band.　　The upper band at $0.0000635 has rejected every rally attempt this year without a single daily close above it. The MACD is above

04-28Industry

UPS (UPS) Stock Dips Despite Q1 Earnings Beat as Profit Margins Continue to Compress

Adjusted earnings per share of $1.07 surpassed analyst expectations of $1.02First-quarter revenue reached $21.2 billion, exceeding the $20.99 billion consensusOperating margin compressed to 6.2% compared to 8.2% in the prior-year periodCompany maintained its full-year 2026 revenue guidance of $89.7 billionShares declined approximately 3% in premarket hours following the earnings release　　United Parcel Service delivered first-quarter results that exceeded Wall Street expectations on Tuesday, yet the market response was decidedly negative. Shares retreated roughly 3% in premarket activity to $105.06, despite the delivery giant surpassing analyst forecasts on both the top and bottom lines.　　$UPS Q126 EARNINGS HIGHLIGHTS　　Revenue: $21.2B (Est. $20.99B)　　Adj. EPS: $1.07 (Est. $1.03)　　Adj. Consolidated Oper Margin: 6.2%　　FY Guide:　　Revenue: ~$89.7B (Est. $89.71B)　　Adj. Operating Margin: ~9.6%　　CapEx: ~$3.0B (Est. $3.01B)　　The company reported adjusted earnings of $1.07 per share, beating the consensus estimate of $1.02. Quarterly revenue totaled $21.2 billion versus analyst projections of $20.99 billion. At first glance, these results appear solid.　　However, a closer examination reveals the source of investor concern. In the comparable quarter last year, UPS generated $1.49 in earnings per share alongside $21.5 billion in revenue. While current results exceeded lowered expectations, they remain significantly below last years performance.　　United Parcel Service, Inc., UPS　　The operating profit margin registered 6.2%, matching forecasts but

04-28Industry

InStudio Ventures Launches $50 Million Sports Investing Fund Anchored By NFL Team Stakes

The NFL was the last of the four major North American professional sports leagues to allow institutional investors to buy stakes in its teams, changing its ownership rules in 2024, and although InStudio Ventures isn‘t among the eight private equity firms that have earned the league’s stamp of approval, founder and managing partner Danny Cortenraede has found his way into pro football anyway.　　InStudios stakes in the Buffalo Bills and the Los Angeles Chargers, acquired via a partnership with another firm, are the most attention-grabbing names anchoring a $50 million sports and performance fund the Los Angeles-based firm is launching on Tuesday.　　But while those prestige assets—along with a small slice of the Aston Martin Formula 1 team—will bolster the funds credibility in a crowded marketplace, Cortenraede plans to invest the majority of its assets in earlier-stage startups bringing AI into sports.　　“These anchor investments have outperformed the S&P 500 already for 20 years, but we don‘t expect to make 10x our money on them—let’s be realistic,” says Cortenraede, who was raised in the Netherlands and immigrated to the United States eight years ago. “How we will achieve a 3x multiple on our fund is by also investing in sports technology companies.”　　One portfolio

04-28Industry

XRP Price Stuck in Tight Range: $1.20 or $1.50 Next?

Tech　　XRP Price Stuck in Tight Range: $1.20 or $1.50 Next？　　The XRP price is trading near $1.38, down approximately -2% over the past 24 hours, with price action compressed into one of the tightest ranges seen in recent weeks. Volume, however, tells a different story: 24-hour trading activity has surged 86.8% to approximately $5.9 billion, a mismatch that rarely goes unresolved for long. Something is building here, even if the direction remains unclear.　　The token has been oscillating between $1.41 and $1.44 for several days, holding just above an ascending trendline that has served as dynamic support since April. According to technical data on TradingView, buyers currently represent 73.7% dominance at current levels, suggesting seller exhaustion near the $1.40 zone.　　Analyst Ali Martinez has pointed to favorable conditions for a sharp near-term rally, citing the structure that emerged following XRPs roughly +550% surge in late 2024.　　Meanwhile, capital rotation toward narrative-driven altcoins has kept XRP relatively underallocated in the short term. Whether that dynamic shifts may depend entirely on the next identifiable catalyst, and none has yet materialized.　　(SOURCE: TradingView)　　Can the XRP Price Break Above $1.50 Before a Catalyst Arrives？　　XRP is consolidating between $1.36 and $1.44, with the 0.236 Fibonacci level at $1.426 acting as

04-28Industry

Paxos Labs Amplify Pushes Built-In Yield Into $1B Toku Payroll Platform

Paxos Labs Amplify integrates with Toku, letting employees earn yield on USDC, , and USDG the moment pay arrives.Toku processes over $1 billion in annual token payroll across 100+ countries, with no lockup periods required.Paxos Labs and Toku plan to expand self-custodial yield access for workers in markets where custodial products face regulatory friction.　　Workers Can Earn Yield via USDC Pay Through Paxos Labs and Toku Deal　　The integration announcement, shared with Bitcoin.com News, connects Paxos Labs Amplify to Tokus global employer-of-record and payroll services. Toku is the first payroll platform to go live on Amplify, which handles the yield infrastructure so platforms do not have to build or maintain it internally.　　Stablecoin payroll has expanded steadily over the past several years. More than $33 trillion in was processed in 2025 alone, and now account for more than 90% of digital asset compensation payouts. For workers in countries where local currencies lose purchasing power year over year, dollar-denominated pay has become a practical way to preserve savings.　　One limitation has followed the category. Workers who wanted yield on their balances had to move funds off-platform, use separate accounts, and often hand over custody in the process. Between pay cycles, balances sat idle.　　The Paxos Labs

04-28Industry

Fed: Leadership change and rate-cut pressure – Commerzbank

Finance　　Fed: Leadership change and rate-cut pressure – Commerzbank　　Antje Praefcke at Commerzbank discusses the likely confirmation of Kevin Warsh as new Fed Chair in May, potentially succeeding Jerome Powell by mid‑month. The bank highlights questions over Powells future role on the Board and whether Warsh will push for earlier rate cuts despite elevated inflation, as political pressure from the U.S. president raises concerns about long‑term Fed independence.　　Warsh nomination and policy implications　　“So its time to turn to another topic: the new Fed Chair.”　　“Apparently, the senator on the Banking Committee who had intended to veto the nomination of Kevin Warsh has withdrawn his objection after the Department of Justice dropped a criminal investigation into construction work on the Fed building involving current Fed Chair Jerome Powell.”　　“This clears the way for Warshs election in the committee tomorrow.”　　“Following tomorrows committee vote, Warsh could be confirmed by the Senate in early May (possibly as early as next week).”　　“Our economists assume that the Fed will not be able to resist pressure from the U.S. president in the medium term, which is why the key interest rate is likely to be cut for the first time toward the end of the year, with two further cuts expected in

04-28Industry

OpenAI with Qualcomm AI Phone Chip: ALT Effect

Qualcomm‘s intraday 12% rise after the OpenAI chip partnership claim.OpenAI’s AI Agent Phone Design　　According to Kuo, the phone will remove app icons and replace them with AI agents. The device will track real-time context with hardware/OS control; processing power will be balanced between on-device NPU and cloud. OpenAI simplified apps in March, shut down Sora, and Fidji Simo focused on coding/enterprise. Lessons from Humane AI Pin/Rabbit R1 failures: Custom silicon is essential. Started wearables with $6.4B io acquisition in May 2025; products by end of 2026.　　Qualcomm Shares and Sector Competition　　OpenAI‘s move imitates Apple’s A/M-series superiority; it will overcome Snapdragons general-purpose limitations. Qualcomm Wednesday report: $10.56B revenue expectation. Custom AI chip competition (Nvidia, AMD) is heating up; mobile NPUs will reach 100+ TOPS.　　ALT Price and Technical Analysis　　AI hardware news could move the ALT futures market. ALT: $0.01, 24h -1.05%, RSI 54.06 (neutral), Trend: Sideways, Supertrend: Bearish. EMA20: $0.0074.LevelPriceScoreDistanceSourcesS1$0.007372/100 (⭐ Strong)-3.05%BB Middle, SMA20, S3, Ichimoku BS2$0.006765/100 (⭐ Strong)-11.02%HVN2, Fibo 0.114, SR1$0.007771/100 (⭐ Strong)+2.26%HVN4, R2, Prev Close, Ichimoku AR2$0.010164/100 (⭐ Strong)+34.13%Fibo 0.618, HVN4　　AI Chip Risk Analysis for ALT Investors　　ALT is in a sideways trend; if R1 $0.0077 breaks, its ready for a rally with AI coins like WLD. With Supertrend bearish signal, S1

04-28Industry

Bitwise XRP Forecast: $6.53 by 2026, $29.32 by 2030

Bitwise Forecasts XRP Surge to $29 by 2030 as Institutional Adoption and Utility Expand　　Bitwise, one of the leading crypto asset managers with more than $15 billion in client assets, has outlined a notably bullish long-term outlook for XRP, pointing to steady growth driven by expanding utility and rising institutional interest.　　In its latest projections, Bitwise that XRP could close 2026 at around $6.53, climb to $9.60 by the end of 2027, and potentially reach $29.32 by 2030.　　The firm attributes this outlook to XRPs strengthening position within global financial infrastructure, particularly as digital assets continue to move from speculation toward real-world utility.　　According to Bitwise, lies in its long-standing track record and the functionality of the XRP Ledger. The networks core design emphasizes low-cost, high-speed transactions, making it particularly suitable for cross-border payments.　　Beyond payments, the ledgers capabilities extend into tokenization, decentralized finance applications, and emerging digital settlement systems, areas that are increasingly attracting institutional attention.　　XRPs Long-Term Case Strengthens as Bitwise Cites Infrastructure, Adoption Growth, and Institutional Momentum　　Bitwise highlights that XRP has spent more than a decade building infrastructure and resilience in a crowded, fast-evolving market. This long runway of development, combined with steady technical upgrades, has helped position it as a multi-purpose digital

04-28Industry

JPY: BoJ holds but signals summer hike – Danske Bank

Finance　　JPY: BoJ holds but signals summer hike – Danske Bank　　Danske Banks Danske Research Team notes that the Bank of Japan (BoJ) kept its policy rate at 0.75% with a closer 6-3 vote, reinforcing expectations for a potential June or summer hike. The new outlook highlights stronger inflation pressures than activity, pushing JGB yields higher and strengthening the Japanese Yen. Markets now price roughly a 54% probability of a summer move.　　Closer vote underpins summer hike risk　　“As widely expected, the Bank of Japan is on hold this morning keeping the overnight call rate at 0.75%. The decision was taken with a 6-3 vote, a closer call than both at the March and January meetings when only Takata Hajime voted for a hike, supporting our expectation for a June hike.”　　“The new outlook report suggests that the energy crunch affects inflation more than activity with a 0.5pp revision to GDP growth in the fiscal year (FY) 2026 and only 0.1pp in FY2027 while inflation excluding fresh food and energy has been revised 0.4pp/0.5pp higher respectively.”　　“The board members forecasts also indicate that they are more worried about faster inflation than the risk on activity.”　　“The market has reacted with a stronger JPY and JGB yields edging

04-28Industry

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