Latest Crypto News & Market Updates

Kohls (KSS) earnings Q1 2026

stock jumped more than 8% in premarket trading Thursday after the retailer reported its best comparable sales performance in four years.　　The retailer said its net sales decreased 1.7% and its comparable sales slid 1.1% in its fiscal first quarter as it aims to turn around its business and regain market share. In the prior quarter, Kohls reported that comparable sales dropped 2.8% from the previous year.　　Heres how the company performed in its fiscal first quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Loss per share: 13 cents vs. 19 cents expectedRevenue: $3 billion vs. $2.99 billion expected　　For the period ended May 2, Kohls reported a net loss of $14 million, or 13 cents per share, compared to a net loss of $15 million, or 13 cents per share, the year prior. Revenue declined from $3.05 billion to $3 billion.　　Kohls reaffirmed its full-year outlook, expecting net sales and comparable sales to be in a range of down 2% to flat. It expects adjusted earnings per share of between $1 and $1.60.　　“We are pleased with our start to 2026,” CEO Michael Bender said in a statement. “Our key initiatives continue to drive progressive improvements to

05-28Industry

Trump Says He Saved Crypto From Gensler’s “Anti-Crypto Army”

Trump pledged to codify a future-proof digital asset structure that crypto haters cannot undo.SEC Chair Atkins declared the era of SEC being at odds with crypto innovation is officially over.Gensler pursued regulation by enforcement, suing Coinbase and Binance instead of writing clear rules.　　President Donald Trump posted a sweeping statement on Truth Social declaring that Gary Gensler and what he called the Anti-Crypto Army nearly destroyed the American crypto industry by driving Bitcoin, crypto perpetuals, and innovation offshore.　　“TRUMP saved it,” the post read. “America is now the CRYPTO CAPITAL of the WORLD.”　　Trump pledged to codify a future-proof digital asset market structure that cannot be undone by crypto haters, describing the new frontier of finance as being built in America. “TRUMP will NEVER let crypto down,” the post concluded.　　The SEC Responds in Kind　　The statement landed alongside a significant shift in tone from the SEC itself. Chair Paul Atkins declared that the era of the SEC being at odds with technology and innovation is over.　　“Under President Trumps leadership, and alongside colleagues across the administration and Congress, we are delivering much-needed clarity to digital asset markets,” Atkins said.　　Who Was Gary Gensler and Why Did Crypto Hate Him　　Gensler, who previously taught a cryptocurrency technology course

05-28Industry

BlackRock’s Bitcoin ETF records largest net outflow since January

BlackRock, the worlds largest asset manager, has recorded the second-largest single-day outflow in the history of its Bitcoin (BTC) fund launched in 2024.　　Specifically, the iShares Bitcoin Trust ETF (IBIT) posted $527.8 million in redemtpions on May 27, judging by the data available at press time. The figure was only surpassed by the $528.3 million pulled on January 30, with ‘only’ $500,000 needed to break the record.　　U.S. spot Bitcoin ETFs collectively recorded $733.4 million in net outflows the same day. Alongside BlackRock, Grayscale‘s GBTC fund saw the biggest losses, shedding $104.8 million, followed by Fidelity’s FBTC, which shed $60.30 million. Morgan Stanleys MSBT fund was the only one with a positive net change, adding $4.3 million.　　Overall, the figure represented the biggest collective daily outflow for institutional holders since January 29, 2026.　　BlackRock daily Bitcoin flows. Source: Bitcoin price drops as BlackRock posts record outflows　　The flagship cryptocurrency reacted negatively to the institutional outflows, dropping nearly 3.4% and trading at $73,310 at the time of writing. The decline is all the more notable considering that President Donald Trump has promised to codify the Clarity Act.　　24-hour BTC price. Source: Finbold　　Spot ETF redemptions coincided with a sharp derivatives market unwind, as more than $296 million in

05-28Industry

Crypto PACs Help Decide Key Texas Runoffs as Congress Rewrites Digital Asset Rules

Victories by candidates backed by crypto-focused PACs in a politically influential state could give the industry additional allies as those measures advance.　　Crypto money reshapes key Texas races　　Two races in particular show how that money is being deployed. Protect Progress, an affiliate of the Fairshake super PAC backed by firms including Ripple and Coinbase, reported spending about $5 million to support Menefee and a further $2.8 million on advertising opposing Green in the Houston race.　　Another crypto-focused group, Fellowship PAC, funded in part by financial firm Cantor Fitzgerald and crypto custodian Anchorage Digital, reported roughly $500,000 in spending to boost Paxton over Cornyn in the Senate runoff.　　Fairshakes Republican affiliate, Defend American Jobs, also backed four winning Republican candidates, Jon Bonck, Tom Sell, Carlos De La Cruz and Alex Mealer.　　Texas runoffs test cryptos political power　　Bitcoin-focused policy advocate Dennis Porter commented on Menefees victory, saying, “A pro crypto Democrat just ousted a 20-year incumbent Democrat who was anti crypto. Nature is healing,” a nod to what many in the industry saw as years of Democratic-led “Operation Choke Point 2.0,” campaigns, in which bank regulators and enforcement agencies have been accused of squeezing crypto firms out of the financial system.　　While much of crypto PACs‘ recent

05-28Industry

Bitcoin Price Today: BTC Sinks Below $73,000 as US-Iran Trade Strikes

as renewed U.S.-Iran hostilities weakened risk appetite and pushed traders back into defensive positioning. BTC dropped to about $72,500 before recovering to near $73,303 as of press time, down 3.54% in the last 24 hours.　　The decline followed fresh military actions between Washington and Tehran, which tested the fragile ceasefire and reduced market hopes for a near-term peace agreement. Irans Islamic Revolutionary Guard Corps said it a U.S. air base after U.S. strikes hit Iranian drones and a launch site near the Strait of Hormuz.　　The latest move also came as crypto sentiment weakened sharply. The Crypto Fear & Greed Index fell to 22, returning to the “Extreme Fear” zone. Market data showed more than 166,000 traders were liquidated over the past 24 hours, with total liquidations reaching about $932 million.　　US-Iran Strikes Pressure Risk Assets　　The around the Strait of Hormuz remains a key market concern because the waterway is one of the worlds most important oil transit routes. Oil prices rebounded after the fresh strikes, reversing prior losses linked to reports of progress in peace talks.　　Brent crude rose about 2.5% to $96.63 per barrel, while West Texas Intermediate climbed to about $90.93. The rebound showed that traders are still pricing risk around

05-28Industry

Google stock is guaranteed to hit $400 as long as it keeps this support price, top on-chain analyst claims

Following up on the sign from the technical analysis (TA) indicator he shared for Google (NASDAQ: GOOGL) stock on May 26, the popular on-chain analyst on X, Ali Martinez, took to social media on Wednesday to share the next target for the technology equity.　　Specifically, the expert noted that, in accord with his previous assessment, GOOGL shares reached $392 on May 27, leading him to believe that his ultimate target provided by – $402 – remains at play.　　The final caveat on the path, as Martinez noted, is that Google stock needs to remain above the support zone at $383 for the forecast to remain valid.　　TD Sequential is a pattern-seeking TA tool developed by Tom DeMark in 1994. It was made to identify whether an exciting trend would continue or experience a reversal based on an assets past performance.　　Google stock price performance　　Looking at the performance of Google stock itself, there is a risk at press time on May 28 that Ali Martinezs target will be invalidated.　　Specifically, though the equity is 0.21% in the green in the weekly chart, it hit the $392 mark only briefly on Wednesday and has retraced to its latest closing price of $388.83 by the closing bell.　　Furthermore, GOOGL

05-28Industry

XRP Price Slides Sharply Lower As Selling Pressure Intensifies Rapidly

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.　　From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.　　As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.　　In addition to his roles in finance

05-28Industry

Mistral AI data center: $830m debt funds near Paris build

Mistral AI data center plans are turning the French model maker into something much bigger. With $830 million in debt financing lined up, the company is no longer just training and selling AI models. It is building the physical machinery behind them in France, exploring custom chip designs, and pushing deeper into enterprise software with a new platform called Vibe.　　That shift matters because AI is no longer only a software race. It is also a compute race, a financing race, and increasingly a sovereignty race. By tying together infrastructure, chips, and enterprise tools, Mistral is making a clear bid to control more of the stack inside Europe.　　The first proof point is concrete: a dedicated site near Paris, loaded with Nvidia hardware and designed to give Mistral more direct control over the compute it can offer customers.　　Mistral secures debt financing for its first dedicated data center　　Mistral AI has secured $830 million in debt financing to build its first dedicated data center near Paris, marking a major step for a company best known for its generative AI models.　　The choice of debt is notable. In practical terms, it gives Mistral fresh capital for a heavy infrastructure buildout without diluting existing shareholders. It also

05-28Industry

Dell (DELL) Stock Surges 4% Following Massive $9.7B Defense Department Contract

Dell Technologies Inc., DELL　　The agreement, officially designated as the Microsoft Department of War Enterprise Software Agreement II Core Enterprise Technology Agreement, encompasses Microsoft 365 services, premium cloud subscriptions, and traditional on-premises licensing for the Pentagon, intelligence agencies, and the U.S. Coast Guard.　　$DELL won a five-year ~$9.7B Pentagon software agreement to provide Microsoft enterprise software across the U.S. military.　　The deal covers Microsoft 365, cloud subscriptions, and on-prem licensing through a single contract vehicle.　　Defense Department Chief Information Officer Kirsten Davies stated the agreement “will streamline and consolidate critical Microsoft software and services” under a unified procurement framework. She noted the Pentagon anticipates annual cost savings of roughly $422 million.　　Acting Navy Chief Information Officer Barry Tanner explained that Dell emerged victorious following a rigorous competitive evaluation, with contenders assessed based on GSA schedule pricing benchmarks and comprehensive value propositions. “Going through the process of evaluation, they came out on top,” Tanner confirmed.　　Dell Federal Systems operates as the corporation‘s government-specialized division. The company maintains an extensive strategic alliance with Microsoft and ranks among the world’s largest purchasers of Windows PC licensing.　　Political Context　　The contract award carries certain political undertones. Michael Dell committed $6.25 billion previously to establish children‘s investment accounts referred to as “Trump accounts.”

05-28Industry

BTC Volume Collapse Echoes Setup Before 2023 Bullish Recovery

On-chain and market data analytics platform Cryptoquant shared an insight on May 26 showing spot has fallen 81% from October 2025 levels. The analysis said activity has returned to conditions last seen near the end of the 2023 . Binance dropped from $198.6 billion in October to $36.4 billion, while Gate.io declined 79.6% and Bybit fell 66%. The chart also tracked OKX, Coinbase, Kraken, and Upbit, showing broad cooling across spot markets.　　The analysis connected the slowdown to weaker participation across the sector rather than a shift between exchanges. Lower turnover has emerged during a period of macroeconomic uncertainty tied to inflationary pressure and the extended U.S.-Iran conflict. Investors have rotated toward commodities and traditional equity indexes, while spot activity has continued to weaken. The insight suggested weaker trading activity may signal that selling pressure is easing after months of retracement. The analyst wrote:　　“The decline in trading activity suggests that the selling pressure behind the current retracement is gradually losing momentum.”　　Why Lower Can Mark a Cycle Transition　　Current trading conditions resemble the second half of 2023, when spot trading activity weakened sharply before returned and momentum recovered. The latest decline in exchange activity has revived comparisons with that earlier market transition.　　Coinglass data

05-28Industry

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