Crypto Industry News & Market Trends

Silver Price Forecast: XAG/USD plunges below $73 amid caution ahead of Fed’s policy

XAG/USD trades sharply lower at around $72.90, keeping a bearish near-term bias as price holds below the 20-day Exponential Moving Average (EMA) at roughly $76.22. The location of the spot beneath this short-term EMA suggests rallies remain capped for now, while the Relative Strength Index (RSI) around 42 leans to the downside without yet signaling oversold conditions, hinting that sellers still have room to press the move.　　On the topside, initial resistance is defined by the 20-day EMA near $76.22, and a daily close above this barrier would be needed to ease the immediate downside pressure and open the door to a deeper recovery towards the April 17 high at $83.06. Looking down, the April 7 low at $68.28 and the four-month low near $61 are key support areas.

04-28Industry

SEC Reaffirms XRP as Digital Commodity in 2026 Guidance

SEC Reclassifies XRP as a Digital Commodity, Unlocking New Institutional and Market Opportunities　　The U.S. Securities and Exchange Commission (SEC) has reaffirmed XRP as a digital commodity in its latest 2026 crypto guidance, its regulatory status under federal oversight.　　Well, this update is widely seen as a boost for XRP, improving regulatory certainty and strengthening confidence among institutional investors and the broader digital asset market.　　At the heart of the update is a sharper line between crypto assets classified as securities and those treated as digital commodities. Under the , digital commodities are tokens used to access or participate in working crypto ecosystems, with value driven not just by market demand but also by the real utility of the underlying network.　　In practical terms, classifying XRP as a digital commodity eases its regulatory load. Securities face stringent SEC rules, including registration, continuous disclosures, and heavier enforcement risk.　　Commodities, however, are typically subject to lighter oversight in spot markets under a CFTC-style framework. For XRP, this distinction reduces legal uncertainty and relieves much of the compliance pressure that has long weighed on the asset.　　SEC Clarity Positions XRP for Broader Market Adoption　　The impact goes beyond regulation. With XRP reaffirmed as a digital commodity, it becomes easier for

04-28Industry

Core Scientific (CORZ) Stock: Texas Facility Transforms Into 1.5GW AI Data Center Hub

Core Scientific announced the Pecos facility could expand to approximately 1.5 gigawatts of total power capacity. The firm anticipates close to 1 gigawatt will be designated for commercial data center operations. Furthermore, the facility will concentrate on high-density colocation services tailored for artificial intelligence applications.　　Currently, the company utilizes 300 megawatts at the Pecos location for digital asset mining. Core Scientific intends to redirect this existing capacity toward AI-focused data center services. This transition mirrors a broader industry trend as cryptocurrency miners pursue more predictable infrastructure-based revenue streams.　　Development has progressed on the initial data hall structure. Core Scientific confirmed that foundation work has concluded, with vertical construction now underway. The firm maintains its timeline for initial capacity availability by 2027.　　Additional Power Agreements and Land Acquisition Fuel Growth　　Core Scientific has locked in an additional 300 megawatts of total power capacity through agreements with its electricity provider. The firm also intends to implement behind-the-meter power solutions to enable further expansion. Therefore, the Pecos facility could exceed its previously outlined leasable capacity projections.　　The company purchased over 200 acres of adjacent property near the existing Pecos operation. This land acquisition provides Core Scientific with additional space for comprehensive AI data center campus development. The site

04-28Industry

Iran oil storage strains under US blockade, exports halved amid crisis

Tech　　Iran oil storage strains under US blockade, exports halved amid crisis　　Iran faces oil storage strain as the US blockade cuts exports. The crude oil all-time high by April 30 market now sits at 0.4% YES, down from 2% a day ago.　　The blockade, part of the 2026 Strait of Hormuz crisis, has slashed Irans oil exports to under half their previous levels. Crude oil all-time high by April 30 odds dropped to 0.4% YES. Traders see limited immediate risk of oil prices exceeding $120/barrel; global supply is pressured but not crippled.　　The Trump agreeing to Iranian oil sanction relief in April market sits at 1.6% YES, down from 14% a day ago. That collapse tracks with heightened tensions and active enforcement, leaving almost no room for a diplomatic reversal on sanctions.　　Volume points to thin but real activity. The crude oil market trades $2,513 in USDC daily, with $695 moving the price 5 points. For Trumps agreement to sanctions relief, $119 can swing the odds, a sign that traders expect little near-term policy change.　　For Iran, the blockade is a strategic choke point, not just a logistics problem. Oil storage constraints expose how narrow Irans margin is. At 0.4¢, a YES on crude oil

04-28Industry

BoE: Policy pause seen as restrictive – Standard Chartered

Finance　　BoE: Policy pause seen as restrictive – Standard Chartered　　Standard Chartered strategists Christopher Graham and John Davies expect the Bank of England (BoE) to keep the base rate at 3.75% at the 30 April meeting, with a prolonged pause through this year. They note that current policy is still restrictive, and that a weaker macroeconomic backdrop, softer labour market and limited fiscal support differentiate this cycle from 2022 and support a wait-and-see stance.　　BoE seen on prolonged policy pause　　“The Bank of England (BoE) is likely to keep the base rate on hold at 3.75% at its 30 April policy meeting.”　　“While it would not be a huge surprise to us if one or two members of the Monetary Policy Council (MPC) shifted towards voting for a rate hike, we think most members will want to wait and see how the situation in the Middle East – and energy prices – evolves.”　　“Governor Bailey is likely to reiterate that there would be no rush to judgement given the degree of uncertainty and the opposing risks to inflation and growth, but he may indicate that the longer the conflict drags on, the greater the risk of possible tightening.”　　“Our base case is that the BoE will be

04-28Industry

Pharos Bets on ‘RealFi’ for Mainnet Launch and Why Its CEO Thinks RWAs Need a New Kind of Blockchain

As competition among Layer 1 blockchains intensifies, real-world assets (RWAs) are emerging as a key focus area for the next phase of ecosystem development, with platforms like Solana, Aptos, NEAR Protocol, Sui, and Avalanche exploring different approaches.　　Backed by $52 million in funding and launched alongside its $PROS token, Pharos is entering a crowded market with a specific focus. The network targets two widely cited barriers to real-world asset adoption: fragmented distribution and the lack of infrastructure that meets institutional requirements for compliance and privacy.　　For Wish Wu, Co-founder and CEO at Pharos, that framing reflects a broader gap in how blockchain infrastructure has evolved.　　“The question isn‘t just whether a chain can process transactions,” Wu said. “It’s whether assets, users, compliance flows, and applications can actually operate together in one environment. Thats what we were validating with the Atlantic testnet.”　　Competing in a Crowded L1 Field　　Pharos enters a market where competitors have already established strong positions, reflecting a broader maturation of the Layer 1 landscape. Solana has become synonymous with high-throughput execution and retail-driven DeFi and trading activity. Aptos and Sui, developed by Mysten Labs, have focused on parallel execution and next-generation developer frameworks. NEAR Protocol has emphasized usability, while Avalanche has leaned

04-28Industry

Bitcoin Enters Pensions: Millions of Colombian Workers to Get Access

Bitcoin　　Bitcoin Enters Pensions: Millions of Colombian Workers to Get Access　　They say journalists never truly clock out. But for Christian, that‘s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.　　Christians journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).　　Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a

04-28Industry

EUR/HUF: Downtrend extends with key supports – Societe Generale

Societe Generale analysts expect no change by the MNB today at 6.25% and describe EUR/HUF extending its decline after failing above the 200‑day moving average in March, with an interim low near 360. They see the February low around 374 as initial resistance on any rebound and project further downside towards 357 and 353 if 360 fails, while expecting medium‑term appreciation toward 340‑350 as Hungarian risk premia compress.　　Stretched downtrend and projections　　“In CEEMEA, we pencil in no change by the MNB today at 6.25%. Headline CPI rebounded less than estimated in Hungary to 1.8% yoy in March from 1.4% in February but geopolitical risks and the stickiness of oil prices imply that room for policy manoeuvre is scarce in the near-term. ”　　“The exit of PM Orban and the absolute majority in favour of TISZA party support our forecast of 340-350 for EUR/HUF over the medium term. HGB yields and rates are expected to compress across the curve, especially at the long end where the risk premium reprices as optimism returns about growth and the release of EU funds.”　　“EUR/HUF has extended its decline after failing to establish above the 200‑DMA in March. The pair has experienced a sharp down move recently, carving

04-28Industry

Core Scientific (CORZ) Stock: Texas Facility Transforms Into 1.5GW AI Data Center Hub

Core Scientific announced the Pecos facility could expand to approximately 1.5 gigawatts of total power capacity. The firm anticipates close to 1 gigawatt will be designated for commercial data center operations. Furthermore, the facility will concentrate on high-density colocation services tailored for artificial intelligence applications.　　Currently, the company utilizes 300 megawatts at the Pecos location for digital asset mining. Core Scientific intends to redirect this existing capacity toward AI-focused data center services. This transition mirrors a broader industry trend as cryptocurrency miners pursue more predictable infrastructure-based revenue streams.　　Development has progressed on the initial data hall structure. Core Scientific confirmed that foundation work has concluded, with vertical construction now underway. The firm maintains its timeline for initial capacity availability by 2027.　　Additional Power Agreements and Land Acquisition Fuel Growth　　Core Scientific has locked in an additional 300 megawatts of total power capacity through agreements with its electricity provider. The firm also intends to implement behind-the-meter power solutions to enable further expansion. Therefore, the Pecos facility could exceed its previously outlined leasable capacity projections.　　The company purchased over 200 acres of adjacent property near the existing Pecos operation. This land acquisition provides Core Scientific with additional space for comprehensive AI data center campus development. The site

04-28Industry

Israel Approves First Shekel-Pegged Stablecoin by Bits of Gold

In a significant regulatory milestone, Israels Capital Market, Insurance and Savings Authority has approved the launch of BILS, a stablecoin pegged to the Israeli shekel, developed by local cryptocurrency exchange Bits of Gold. This marks the conclusion of a two-year pilot program for the stablecoin on the Solana blockchain and positions Israel as a player in the evolving global stablecoin market.　　The announcement on April 27, 2026, highlights a broader push by Israeli regulators to increase oversight of the crypto industry. BILS is one of the first stablecoins tied to the Israeli shekel, with reserves held in segregated accounts within Israel. According to Bits of Gold CEO Youval Rouach, the stablecoin will create a “direct bridge between the Israeli shekel and the global digital assets economy,” enabling real-time payments and on-chain financial applications.　　This development aligns with Israel‘s recent regulatory focus on digital assets. Since 2016, virtual currencies have been classified as financial assets under Israeli law, subject to strict anti-money laundering (AML) and know-your-customer (KYC) rules. In February 2023, the Bank of Israel released principles for stablecoin activity, requiring 100% reserve backing and regulatory oversight, which paved the way for BILS’ approval.　　Globally, stablecoins represent a $320 billion market, largely dominated by

04-28Industry