Crypto Industry News & Market Trends

Trading expert issues new price target for Ethereum

With Ethereum (ETH) price consolidating below a crucial resistance level of around $2,380 on May 5, trading expert Ali Martinez has issued a bold near-term prediction.　　Martinez predicted that Ethereum price could rally to retest $3,000 if it consistently breaks above $2,380. The bullish thesis is bolstered by renewed interest for ETH from whale investors at this key barrier, which represents its realized price – the average price at which every token last moved on-chain.　　“With whales on a buying spree, accumulating over $300 million in $ETH in the last few days, the smart money is positioning for a breakout. Watch the $2,380 resistance; a confirmed daily close above it could trigger the run to $2,921 or even $3,000,” Martinez noted.　　Top reasons why Ethereum price could surge soon　　As Martinez highlighted, the ETH price could rally towards $3,000 soon, fueled by renewed interest from whale investors. Building on this point, the United States spot ETH exchange-traded funds (ETFs) turned green for the first time year to date in April.　　Notably, the U.S. spot ETH ETFs recorded a net cash outflow of more than $2.8 billion between November 2025 and March 2026. However, these baskets of securities registered a total inflow of $355 million in

05-06Ethereum

Aave court fight targets North Korea ETH claim

Aave court motion filed today in New York asks a federal judge to unfreeze $71 million in ETH.Aave LLC filed an emergency motion in the Southern District of New York to unfreeze 30,765 ETH worth approximately $71 million.The filing argues the funds belong to users victimized in the April 18 Kelp DAO exploit, not to North Korean hackers.Plaintiffs holding $877 million in unpaid terrorism judgments against North Korea claim the ETH is recoverable DPRK property.　　Aave LLC filed an emergency motion today in the Southern District of New York to vacate a restraining notice blocking 30,765 ETH, worth roughly $71 million, from returning to exploit victims.　　The filing argues the assets belong to users of the Aave Protocol harmed in the April 18 Kelp DAO bridge exploit, not to North Korea or its alleged Lazarus Group hackers.　　The restraining notice was served on May 1 by Gerstein Harrow LLP, representing three sets of judgment creditors holding $877 million in unpaid terrorism awards against North Korea. Their argument: because the attackers are linked to Pyongyangs Lazarus Group, the recovered ETH qualifies as DPRK property subject to seizure.　　Aave calls that theory “flatly wrong.” Aave founder Stani Kulechov said: “The global DeFi community came together to

05-06Ethereum

Ripple CEO Brad Garlinghouse Says He’s Never Been an XRP Maxi, Backs Other Chains

Tech　　Ripple CEO Brad Garlinghouse Says Hes Never Been an XRP Maxi, Backs Other Chains　　Ripple CEO Brad Garlinghouse has clarified that he has never been an XRP maxi, even though the token is the “North Star” for the company. He also touched on the CLARITY Act and how AI is driving growth at his company, and is not intended to cut their workforce.　　Ripple CEO Rejects ‘XRP Maxi’ Tag　　During an interview at the Consensus Miami conference, Garlinghouse stated that he has never been an XRP maxi and that he wants to see other chains, including Bitcoin, succeed. He also noted that tribalism is bad for the crypto industry and that there is no way the industry will be a one-chain industry.　　The Ripple CEO made these comments while highlighting the power of communities in crypto, describing them as one of the greatest things about crypto. Specifically, he alluded to the XRP Army, which he said has been an “unbelievable and supportive” ally for Ripple.　　He further mentioned the XRP Las Vegas conference, which took place last week, stating that the community was the most vibrant it has ever been. As CoinGape reported, .　　Meanwhile, the Ripple CEO assured during this latest interview that they remain

05-06Industry

Global Millennial Capital raises $100M IPO fund for AI and DeFi mid-caps

Dubai-based Global Millennial Capital closes a $100M IPO Opportunities Fund to back overlooked AI and DeFi mid-cap tech names one to three years before exit.Dubai-based Global Millennial Capital (GMCL) has closed its first “IPO Opportunities Fund” at $100 million, backed by family offices from Saudi Arabia, Kuwait, and Qatar, alongside international wealth managers.The fund will give professional and institutional investors access to late-stage private placements in mid-cap technology companies with market caps between $5 billion and $20 billion, focusing on artificial intelligence and DeFi infrastructure.GMCL says it aims to exploit an “underpenetrated” segment of tech names approaching IPO or strategic exits that are often overlooked by larger funds and early-stage venture investors.　　According to the PR Newswire announcement, Global Millennial Capital has completed a final close of $100 million for its IPO Opportunities Fund, which will focus on pre-IPO and pre-exit allocations in global technology companies.　　Targeting overlooked mid-cap tech ahead of IPO　　The investor base includes Gulf family offices from Saudi Arabia, Kuwait, and Qatar, together with international wealth management platforms that GMCL says are seeking structured access to growth-stage tech deals that would otherwise be limited to large institutional allocators.　　The funds mandate centers on mid-sized technology companies valued between $5 billion

05-06Industry

Cybercrime Might Be the One Job AI Isn’t Taking, Study Suggests

Cambridge, Edinburgh, and Strathclyde researchers analyzed 97,895 cybercrime forum threads posted after ChatGPTs launch.“Dark AI” tools like WormGPT generated cultural buzz but produced almost no working malware, while jailbroken chatbots are increasingly hard to keep working for more than a few days.The biggest measurable AI-driven crime is not hacking. It is mass-produced SEO spam, romance scams, and AI-generated nudes sold for a dollar each.　　For three years, cybersecurity firms, governments, and AI labs have warned that generative AI would unleash a new generation of supercharged hackers. According to a new academic paper that actually went and looked, the supercharged hackers are mostly using ChatGPT to write spam and generate nudes for fun.　　The study, titled Stand-Alone Complex or Vibercrime？, was published on arXiv by researchers from Cambridge and other universities and aims to understand how the cybercrime underground is actually adopting AI, not how cybersecurity vendors say it is.　　“We present here one of the first attempts at a mixed-methods empirical study of early patterns of GenAI adoption in the cybercrime underground,” researchers wrote.　　The team analyzed 97,895 forum threads posted after ChatGPT launched in November 2022, drawn from the Cambridge Cybercrime Centres CrimeBB dataset of underground and dark web forums. They ran topic

05-06Industry

Solana Market Structure Warns Of More Downside Despite Oversold Conditions

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.　　My parents are literally the backbone of my story. They‘ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.　　I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.　　When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.　　Trust me, I‘ve had my share of experience with the ups and downs in the market but I never for once lost

05-06Industry

Wormhole Launches Canonical TAO on Solana Network

Tech　　Wormhole Launches Canonical TAO on Solana NetworkWormhole enabled a canonical bridged version of TAO for native trading on the Solana blockchain.The Solana Foundation marked the activation during the Accelerate USA conference.TAO can now trade on Solana-based platforms, including Jupiter and Meteora.Users can access and store TAO through Phantom and Solflare wallets.Wormhole powered the activation through its Sunrise asset gateway platform.　　Solana confirmed that TAO, the native token of Bittensor, now trades natively on its blockchain. The Solana Foundation marked the activation by ringing an opening bell at its Accelerate USA conference. Wormhole Labs enabled the launch through its Sunrise platform, according to Edward Zuo.　　Wormhole Enables Canonical TAO Access on Solana　　Wormhole activated a canonical bridged version of TAO for trading on Solana. The Sunrise platform powered the deployment and provided direct liquidity from launch. Edward Zuo told The Block that TAO can now “trade natively” across the network.　　As a result, users can access TAO through Jupiter and Meteora. They can also store and swap the token using Phantom and Solflare wallets. The system allows trading pairs against SOL, USDC, and JUP.　　Wormhole stated that its Native Token Transfers system avoids traditional wrapped token models. Instead, it locks or burns tokens on the source

05-06Industry

GENIUS Act: Circle Seeks Clear Divide Between Payment Stablecoins and Tokenized Deposits

USDC issuer Circle has submitted a comment letter on the Office of the Comptroller of the Currency‘s (OCC) proposed rulemaking to implement the GENIUS Act. The stablecoin issuer also highlighted other core principles, such as a level playing field for all issuers, in its response to the OCC’s framework for the crypto bill.　　Circle Submits Comment Letter On OCCs Proposed GENIUS Act Framework　　In a blog post, Circle revealed that it had submitted comments to the OCC on its proposed rule implementing the GENIUS Act. The firm went further to highlight a number of technical areas of feedback in its comment letter, which it noted focus on core principles such as a clear distinction between payment stablecoins and tokenized deposits.　　The USDC issuer said that there should be no confusion between payment stablecoins and tokenized deposits. Circle said that they serve different purposes, which is why the OCC shouldnt treat them as interchangeable payments and settlement assets.　　Circle further noted that Congress has explicitly excluded tokenized deposits from the GENIUS Act because payment stablecoins are built for broad transferability and settlement. On the other hand, these tokenized deposits are digital representations of bank liabilities. “Tokenized deposits raise different questions that require their own regulatory

05-06Industry

XRP’s 70-Day Range Signals Potential Breakout to $2.03

XRPs 70-Day Consolidation Hints at a Potential Breakout Toward $2.03　　XRP has been locked in a tight 70-day consolidation, testing the patience of short-term traders while quietly setting the stage for a potential breakout.　　Market analyst VinCoop points to this as a classic precursor to a sharp move, with May shaping up to be a pivotal month that could define XRPs next major trend.　　At the heart of the setup is the monthly Bollinger Bands midpoint, sitting around $2.03, a level the analyst views as the dividing line between prolonged consolidation and a broader bullish breakout.　　With XRP per CoinCodex data, reaching that mark would mean a roughly 45% climb.　　Source: CoinCodex　　While steep at first glance, such moves arent unusual after extended periods of tight price action, where suppressed volatility often gives way to sharp expansion.　　On the daily chart, XRP is still hugging the lower boundary of its range, signaling lingering downside pressure. Nevertheless, this zone often marks the final stage of accumulation because the longer the price holds without breaking lower, the more tension builds for a sharp move.　　Right now, as the critical resistance level. A clean, decisive push above it could flip the short-term structure and trigger a fast move toward higher technical

05-06Industry

Anthropic expands Claude into finance workflows with Microsoft 365 integration

Anthropic launched ten new Claude agent templates for financial services, expanding the AI assistant into some of the sectors most time-consuming workflows, including pitchbook creation, credit memos, KYC reviews, financial modeling, and month end close.　　The templates are available as plugins in Claude Cowork and Claude Code, and as cookbooks for Claude Managed Agents, allowing financial teams to deploy Claude on real work in days rather than months.　　Each template combines task specific skills, governed data connectors, and subagents designed to handle specialized work such as comparables selection, methodology checks, and document review.　　The new agent lineup includes pitch builder, meeting preparer, earnings reviewer, model builder, market researcher, KYC screener, valuation reviewer, general ledger reconciler, month end closer, and statement auditor. Anthropic said the agents can be adapted to a firms internal modeling conventions, risk policies, and approval processes.　　The launch also pushes Claude deeper into Microsoft 365. Claude now works directly in Excel, PowerPoint, and Word through add ins, with Outlook support coming soon. In Excel, Claude can build financial models from filings and data feeds, audit formulas, and run sensitivity analyses. In PowerPoint, it can draft decks that update when underlying numbers change. In Word, it can edit credit memos against firm

05-06Industry

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