Latest Crypto News & Market Updates

Dogecoin Price Prediction: DOGE Tests 200 WMA Resistance

is trying to confirm a wider recovery after its market cap broke a downtrend and moved into the 200-week moving average. At the same time, the DOGE/COPPER ratio has also broken its own downtrend, adding another early signal that DOGE is attempting to regain strength.　　Dogecoin Market Cap Tests 200 WMA After DOGE Breaks Downtrend　　Dogecoins market cap is testing the 200-week moving average after breaking above a short-term downtrend, putting the next DOGE move near a key resistance zone.　　The weekly chart shared by Surf on X shows DOGE market cap at about $17.79 billion. The chart also shows a rounded bottom structure forming after a long decline from the 2024 and 2025 highs.　　Dogecoin Market Cap Weekly Chart. Source:　　DOGE market cap recently broke above a descending trendline that had capped the recovery attempt. That breakout shifted focus to the 200-week moving average, which now sits near the current market cap range.　　Surf said the 200 WMA is acting as resistance. The chart shows DOGE market cap pressing into that moving average after the downtrend break, but it has not yet confirmed a clean move above it.　　The rounded bottom structure suggests DOGE market cap has been building a base after months of lower levels.

05-16Industry

Crypto Market Cap Sees Modest Surge as Sentiment Remains Neutral

The crypto sector witnessed a slight uptrend on Friday. Hence, cumulative crypto market capitalization has surged to $2.68T with a 1.34% increase. In addition to this, the 24-hour crypto volume has jumped by 13.29%, reaching $107.18B. At the same time, the Crypto Fear & Greed Index stands at 49 points, showing “Neutral” sentiment among the market participants.　　Bitcoin Drops by 1.76% and Ethereum Sees 0.81% Dip　　The top cryptocurrency, Bitcoin ($BTC), is now changing hands at $78,970.06. This price level displays a 1.76% dip over the past 24 hours, while the market dominance of Bitcoin ($BTC) is 60.3%. Additionally, the flagship altcoin, Ethereum ($ETH), is currently trading at $2,225.08, highlighting a 0.81% drop. In the meantime, Ethereums ($ETH) market dominance is sitting at 10.2%.　　$GPM, $CAT, and $GME Dominate Crypto Gainers of Day　　Apart from that, the top crypto gainers of the day include Gold Pump Meme ($GPM), NOT ($CAT), and GameStop Coin ($GME), which are providing notable yields. Particularly, $GPM has seen a staggering 1645.59% rise, touching $0.01099. Following that, a 537.34% increase has placed $CATs price at $0.03991. Subsequently, $GME is now hovering around $0.001336, presenting a 477.81% growth.　　DeFi TVL Records 1.67% Decrease and NFT Sales Volume Plunges by 29.76%　　Simultaneously, the DeFi

05-16Industry

Ethereum Price Prediction: ETH Risks Breakdown Below $2,180

on both its USD and Bitcoin charts, with traders watching whether buyers can defend the current range. ETH sits near the bottom of a descending 4-hour channel, while the ETH/BTC ratio holds close to a major weekly Fibonacci level.　　Ethereum Price Faces Key Test as ETH Returns to Channel Support　　Ethereum returned to the lower boundary of a descending 4-hour channel, putting the $2,180 to $2,230 area in focus as traders watch for a possible rebound.　　The chart shared by Ali Charts on X shows ETH trading near $2,191 after a sharp move lower inside the channel. The price now sits close to the lower trendline, which has acted as support during earlier pullbacks.　　Ethereum 4-Hour Price Channel Chart. Source:　　ETH has traded inside a downward-sloping channel since late April, according to the chart. The structure shows lower highs and lower lows, which means sellers have controlled the broader 4-hour trend.　　The latest move pushed Ethereum toward the channel bottom near $2,180. This area now acts as the nearest support zone. If buyers defend it, ETH could move toward the mid-range at $2,280.　　Ali Charts said he is watching for a spike in buying pressure at the bottom of the channel. He said that reaction could send

05-16Ethereum

THORChain Price Outlook: Panic or Opportunity After RUNE Crashes 30%?

The post THORChain Price Outlook: Panic or Opportunity After RUNE Crashes 30%？ appeared first on Coinpedia Fintech News　　THORChains native token RUNE price plunged more than 22% today, marking one of its steepest declines in recent months after reports surfaced of a potential exploit tied to the protocol. The sharp sell-off wiped out a significant portion of recent gains, triggering liquidations and sending sentiment sharply lower across the DeFi sector.　　Yet beneath the panic, the market appears divided. While some traders fear the exploit could trigger prolonged downside pressure, others argue the correction may be pushing RUNE into a historically important demand zone, one where extreme fear has previously created attractive risk-reward setups.　　For now, the key question remains unchanged: Is THORChain facing a deeper structural setback, or is this another high-volatility reset before stability returns？　　What Happened？ THORChain Exploit Triggers Sharp Sell-Off　　RUNE‘s collapse accelerated after reports suggested that THORChain may have suffered an exploit exceeding $10 million, triggering immediate concerns surrounding the protocol’s security. Early blockchain tracking data pointed toward suspicious activity involving Bitcoin, Ethereum, Base, and BNB-linked assets, with reports estimating that attackers drained approximately 36.75 BTC (worth nearly $3 million) alongside another $7 million in additional assets spread across multiple networks.　　As

05-16Industry

Why Bill Ackman Switched From Google to Microsoft (MSFT) Stock

Microsoft Corporation, MSFT　　According to Ackman, the position was initiated in February following a “substantial” selloff that came after Microsoft reported fiscal Q2 2026 results. The fund accumulated shares at approximately 21 times forward earnings — a valuation matching the broader S&P 500 and significantly below Microsofts historical trading range.　　The tech giant has faced headwinds in 2026. Shares have declined 17% year-to-date, contrasting sharply with the S&P 500s 10% gain.　　The weakness followed a disappointing Q3 earnings announcement that sparked concerns regarding Azures expansion rate. Microsoft further revealed plans for $190 billion in capital spending for calendar 2026 — representing a 61% annual increase and exceeding analyst expectations by roughly $35 billion.　　While Ackman recognizes these challenges, he maintains the market is overlooking a critical asset.　　The Hidden Value in OpenAI　　Ackman highlighted Microsoft‘s 27% ownership in OpenAI, which he estimates carries a $200 billion valuation — equivalent to approximately 7% of Microsoft’s total market capitalization. He contends this substantial value remains absent from current share prices.　　The investor also dismissed concerns about Microsoft 365 facing displacement from AI competitors. He maintains that M365s deep integration across enterprise systems — encompassing identity management, security infrastructure, compliance frameworks, and data governance — creates formidable barriers against replacement

05-16Industry

CLARITY Act ethics fight blocks 60 Senate votes

The Trump ethics fight over crypto is now the biggest obstacle to the CLARITY Act reaching 60 Senate votes.The CLARITY Act needs 60 Senate votes to overcome a filibuster, requiring at least seven Democrats to cross the aisle.An ethics provision barring government officials from crypto dealings is missing from the current text and is Democrats core demand.The White House has rejected any language singling out a specific officeholder, leaving the two sides at an impasse.　　Analysts and lawmakers have identified the ethics provision as the CLARITY Acts most consequential unresolved issue heading to the Senate floor. Republicans hold 53 seats and need 60 votes to clear a filibuster, meaning at least seven Democrats must vote yes.　　Senator Kirsten Gillibrand, a Democrat who has backed crypto regulation, told audiences at Consensus Miami 2026 that the bill will not move without an ethics clause. “This provision will be part of this bill, or it will not go forward,” she said. “Because we cannot let greed and corruption in Washington tear this industry down, and without that provision, thats exactly what will happen.”　　Ethics impasse sets up the bills hardest vote　　The CLARITY Acts 309-page draft contains no conflict of interest language because such provisions fall outside

05-16Industry

Salesforce Anthropic token spend signals AI as core cost

Salesforce Anthropic token spend is moving from a headline number to something more revealing: a sign that AI is becoming a core operating cost inside major software companies. Marc Benioff said on the podcast published Friday that Salesforce expects to spend $300 million on Anthropic tokens in 2026, with most of that bill tied to coding.　　That detail matters because it shifts the story away from flashy demos and toward day-to-day economics. Benioff is not talking about a small pilot. Instead, he is describing a level of AI usage that suggests coding agents are being treated as infrastructure.　　He also tied that spending to a broader product push. Salesforce is working on technology to make coding easier inside Slack, extending the companys bet that workplace collaboration and AI agents will increasingly blur together.　　Salesforce Anthropic token spend points to a bigger AI cost shift　　Benioffs projection, shared on the podcast, puts a price tag on how deeply Salesforce appears willing to embed Claude into its internal workflows. He said most of the expected $300 million token spend will go toward coding, a striking signal for an enterprise software company whose own products are built by large engineering teams.　　The implication is simple: Salesforce believes AI

05-16Industry

Atlassian (TEAM) Surges 8% on Renewed Enterprise AI Momentum

Atlassian Corporation, TEAM　　The summit delivered fewer tangible agreements than investors anticipated. However, the overall atmosphere evolved from adversarial to moderately positive — and for an industry as internationally integrated as enterprise software, that shift proved sufficient.　　The S&P 500 achieved a milestone, surpassing 7,500 during the same trading session. Technology stocks experienced broad-based buying interest.　　This upward movement wasnt isolated. Two distinct developments from the broader enterprise software landscape reinforced the positive sentiment.　　Figma disclosed 46% revenue expansion, demonstrating genuine progress in early AI monetisation efforts. ServiceNow unveiled a multiyear artificial intelligence collaboration with Experian. Both announcements conveyed a consistent message: enterprise software providers are successfully integrating AI capabilities into their offerings and generating revenue from these features.　　This storyline holds significance for Atlassian. Earlier this year, apprehension that artificial intelligence would destabilize rather than strengthen enterprise software platforms had pressured the sector. These recent developments helped diminish those worries.　　Analyst Perspectives　　Truist Securities maintained its Buy stance and $100 price objective on TEAM, referencing the companys artificial intelligence roadmap unveiled at its Team 26 conference.　　The firm emphasized how Atlassian intends to generate revenue from AI through its Rovo credit framework, which encompasses both internal platform usage and external consumption. Truist views Atlassian as strategically positioned

05-16Industry

Strategy has put Bitcoin sales on the table for repurchases – but will it affect BTC price？

Strategy agreed on May 15 to repurchase roughly $1.5 billion principal of its 2029 convertible notes for an estimated $1.38 billion in cash.　　The firm told investors in its Form 8-K that it may fund the repurchase with available cash reserves, ATM sale proceeds, and/or Bitcoin sale proceeds. Strategy expects to cancel the repurchased notes, leaving about $1.5 billion of 2029 notes outstanding.　　The filing adds a new role to Bitcoin on Strategys balance sheet as a named funding option for near-term debt obligations.　　Strategy built its public identity around relentless Bitcoin accumulation, buying during market downturns, funding purchases with convertible debt, and expanding its $BTC pile to 818,869 $BTC.　　The companys 10-Q already states that it may sell Bitcoin to satisfy short- or long-term liquidity needs, even when other sources are available, if management determines that selling Bitcoin is more favorable.　　The 8-K brings that disclosure language into contact with a specific, near-term obligation.　　The debt calendar　　Once the 2029 note repurchase closes, Strategy still has convertible note put-option dates under which holders may require cash repurchase at 100% of principal plus accrued and unpaid interest.Put dateNotesPrincipal exposure$BTC equivalent at ~$79KSept. 15, 20272028 notes$1.01B~12,770 $BTCMar. 1, 20282030B notes$2.00B~25,286 $BTCJune 1, 20282029 notes, post-buyback$1.50B~18,965 $BTCSept. 15, 20282030A

05-16Exchange

Coinbase Co-Founder Meets with US and Venezuelan Officials in Major Investment Push

Ersham has reportedly been meeting with Venezuelan officials, floating possible investments in the energy and fintech sectors. He recently appeared in a tech event hosted by Banco de Venezuela, promoting the nations potential to become the “best country in Latam.”　　Key Takeaways:Coinbase co-founder Fred Ersham, worth $2.6B, met with officials to explore deeply undervalued assets.While locals rely on stablecoins, Ersham appeared at an event to promote the ripe local market.To bridge the isolated economy, Erebor Banks Jacob Hirshman pitched an idea to the central bank chief, Luis Perez.　　Coinbase‘s Fred Ersham Shows Interest in Venezuela’s Economic Recovery Potential　　While Venezuela has been battling an economic crisis for years, including devaluation and hyperinflation, recent events have brought the possibility of a recovery, with potential gains for international investors taking part.　　Fred Ersham, co-founder of U.S.-based cryptocurrency exchange Coinbase and Paradigm, a venture capital firm, has traveled to Venezuela several times and has been meeting with government officials, including interim president Delcy Rodriguez and U.S. Interior Secretary Doug Burgum, according to Bloomberg. The reason behind these visits would be to explore investments as the country aims to reinsert itself in the international economic system.　　Ersham, with a net worth of $2.6 billion, would be interested in investing

05-16Exchange

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