Latest Crypto News & Market Updates

The North Face And U.S. Ski & Snowboard Enter 8-Year Apparel Deal

The North Face has signed an eight-year agreement to become the official performance apparel partner of U.S. Ski & Snowboard, a deal that will see the outdoor brand outfit American athletes through the 2034 Winter Olympics and Paralympics.　　Announced Tuesday, the partnership covers all 11 disciplines governed by U.S. Ski & Snowboard: alpine, cross country, freeski, freestyle moguls, freestyle aerials, nordic combined, Para alpine, Para nordic, Para snowboard, ski jumping and snowboard. Athletes, coaches and staff will wear The North Face outerwear and training gear at World Cup events, world championships, training camps and the Winter Games through April 2034.　　Historically, U.S. Ski & Snowboard team athletes who have personal outerwear sponsors are permitted to wear their sponsors gear in competition for non-Olympic events, and the same will be true in the partnership with The North Face.　　The agreement positions The North Face at the center of U.S. winter sports during a pivotal period leading into the 2030 Winter Olympics in the French Alps and the 2034 Winter Olympics in Salt Lake City, which will mark the return of the Winter Games to the United States for the first time since 2002. Financial terms of the partnership were not disclosed.　　Under the agreement, The

05-12Industry

Canadian Dollar dives on risk-off markets with US CPI on tap

The Canadian Dollar (CAD) accelerates its decline against the US Dollar (USD) on Tuesday, with the USD/CAD pair rallying above 1.3700 and set to test its highest levels in nearly a month, at 1.3714. A sour market mood amid saber-rattling in the Middle East and investors cautiousness ahead of the US Consumer Price Index (CPI) release are buoying the USD across the board.　　Traders are on edge about the possibility of the resumption of hostilities between the US and Iran, which would complicate the reopening of the Strait of Hormuz even further.　　US President Donald Trump affirmed earlier on Tuesday that the ceasefire is on “life support,” and CNN reported comments from the presidents aides suggesting that the resumption of major combat operations is back on the table. CNN also stated that the peace process is unlikely to make significant progress ahead of the meeting between Trump and Chinese President Xi Jinping later this week.　　Later on the day, April‘s US Consumer Price Index is likely to provide some distraction from geopolitics. Consumer inflation is expected to have surged to a 3.7% year-on-year rate, from 3.3% in March, amid the energy shock from Iran’s war. The core CPI is seen advancing at a

05-12Industry

US to temporarily lower beef import tariffs, WSJ reports

The Trump administration is moving to temporarily lower tariffs on beef imports, a direct response to retail beef prices that have climbed past $5 per pound. The plan targets tariff-rate quotas, the mechanism that limits how much foreign beef can enter the country at lower duty rates, and would open the door to greater volumes from major exporters like Australia and Brazil.　　The US cattle herd has shrunk by roughly 5% over the past year. Combine that with adverse weather conditions and you get a supply crunch that has pushed beef prices to levels where consumers are feeling the squeeze at the grocery store.　　What the plan actually looks like　　The administration announced the tariff suspension plan on May 11, with implementation initially slated for May 13. By suspending tariff-rate quotas, more imported beef could flow into the US market at reduced prices. The expected result, according to agricultural economists, is a 10-15% increase in short-term beef supply. That additional supply could translate to a 5-7% drop in retail prices.　　But the plan hit a wall almost immediately. Domestic cattle producers pushed back hard, arguing that a flood of cheaper foreign beef could devastate their operations. By May 12, just one day after the

05-12Industry

Ethereum Foundation Unstakes $50M in ETH From Lido

The withdrawal moved the ETH from Ethereum‘s Beacon Chain into Lido’s withdrawal queue, where the assets can later be claimed once processing is complete. The move follows earlier treasury adjustments by the foundation, including the unstaking of 17,000 ETH in April and the sale of 10,000 ETH to Bitmine through an OTC deal.　　Ethereum Foundation Unstakes 21K ETH　　The Ethereum Foundation 21,270 Ether worth close to $50 million from the liquid staking protocol Lido. According to blockchain analytics platform Arkham, the withdrawal process was initiated on Monday through a wallet linked to the foundation, moving the staked ETH out of Lido‘s system and into Ethereum’s withdrawal queue.　　The move means the ETH is being removed from Ethereums Beacon Chain, where it was previously locked to help secure the network while earning passive . However, the unstaking does not automatically indicate that the Ethereum Foundation plans to sell the assets.　　In Lidos system, unstaking places the ETH or wrapped staked ETH into a withdrawal queue. This allows the holder to claim the underlying ETH once the request is processed and finalized.　　This latest move follows a series of treasury adjustments made by the Ethereum Foundation over the past few months. In late April, the foundation unstaked

05-12Ethereum

Ethereum Foundation unstaked 21,270 ETH as treasury activity draws attention

The Ethereum Foundation has withdrawn more than 21,000 ETH from Lido staking weeks after carrying out earlier unstaking activity and multiple OTC treasury sales tied to operational funding.Ethereum Foundation withdrew 21,270 ETH from Lido weeks after earlier unstaking activity and OTC treasury sales.Recent Ethereum Foundation grants continued funding work tied to zero-knowledge research, validator security, and Ethereum core clients.Arkham said the latest unstaking move may relate to operational funding needs or rising concerns around third-party protocol risks after the Kelp DAO exploit.　　According to blockchain analytics platform Arkham, an Ethereum Foundation-tagged wallet initiated the withdrawal of 21,270 ETH on Monday, an amount worth nearly $50 million at current prices. The transaction moved the funds out of Lido‘s liquid staking system and into Ethereum’s withdrawal queue, where staked ETH remains locked until the unstaking process is completed.　　Under Ethereums proof-of-stake system, validators stake ETH on the Beacon Chain to help secure the network and receive yield in return. Once an unstaking request is submitted through Lido, holders receive a withdrawal claim before the ETH becomes redeemable after the queue clears.　　Earlier in late April, the foundation unstaked 17,035 ETH shortly after approaching its internal target of roughly 70,000 staked ETH. Arkham data at the

05-12Industry

CPI inflation April 2026:

Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, raising further concerns about the inflationary impact on the U.S. economy.　　The consumer price index rose at a seasonally adjusted 0.6% for the month, putting the one-year pace at 3.8%, the Bureau of Labor Statistics reported Tuesday. The monthly rate was as forecast, but the annual rate was 0.1 percentage point above the Dow Jones consensus.　　Excluding food and energy, core CPI increased 0.4% and 2.8% respectively, indicating that while inflation is still well above the Federal Reserves 2% goal, a good deal of pressure is coming from non-core areas, particularly energy.　　The annual headline inflation rate was the highest since May 2023 and was up half a percentage point from March. Core inflation rose 0.2 percentage point annually.　　Energy prices, which jumped 3.8%, again was a major contributor to the inflation surge, though food prices also climbed 0.5%. For energy, that put the 12-month gain at 17.9%, while food was up 3.2%. The gasoline index increased 28.4% annually.　　Though energy and in particular gasoline has been much of the headline story, inflation pressures also came from a variety of other areas.　　Shelter costs rose 0.6%, the

05-12Industry

Bitcoin, ETH, XRP Risks Falling as JPMorgan & Wall Street Giants See Hot CPI Inflation at 3.8%

The US stock market and global crypto market are facing renewed selling pressure as Wall Street anticipates hotter-than-expected U.S. CPI inflation data today. JPMorgan, Morgan Stanley, Citigroup, and other major banks warn that a higher inflation reading could reinforce a “higher for longer” Fed rate environment, weighing on Bitcoin, Ethereum (ETH), and XRP.　　US CPI Inflation Estimates by JPMorgan & Other Wall Street Giants　　After the Nonfarm payrolls data showed a resilient US labor market, investors are closely monitoring the US CPI inflation data release later today. An upside surprise in inflation could erase hopes of Fed rate cuts, sending Bitcoin, ETH, and XRP crashing.　　Wall Street giants JPMorgan, Morgan Stanley, Deutsche Bank, Citigroup, UBS, and Wells Fargo expect CPI inflation to come in hot at 3.8%. The core CPI is expected to rise amid elevated oil prices as US-Iran peace talks stalled, with President Trump considering military options.　　Wall Street Estimates on US CPI inflation. Source: Nick Timiraos　　The Wall Street Journal‘s Nick Timiraos said “Forecasters expect a higher core CPI reading in April owing partly to how the BLS made an assumption during the government shutdown’s data blackout that lowered shelter inflation. That quirk goes the other way now.”　　Notably, Wall Street banks are

05-12Industry

Markets, AI Rally Rattled as Trump Calls Iran Ceasefire On Life Support

Trump called the Iran ceasefire on life support after rejecting Tehrans proposal as garbage.Brent crude rose to $105 as silver jumped 7% and traders rushed into safe haven assets.US CPI forecast at 3.7% raising fears Fed may hike rates rather than cut them this year.　　Global markets turned cautious on Tuesday after President Trump declared the US-Iran ceasefire was “on life support,” describing Tehrans latest counterproposal to end the war as “garbage.”　　Oil responded immediately. Brent crude futures rose 0.7% to $105 a barrel. Silver jumped over 7% as traders rushed back into safe haven assets. Bitcoin held above $81,000 but remained under pressure as risk appetite faded across the board.　　What Iran Proposed　　Irans response to the US peace proposal included demands for war reparations, confirmation of Iranian sovereignty over the Strait of Hormuz, an end to sanctions, and the unfreezing of Iranian assets.　　Trump rejected the package outright, signalling that any meaningful progress toward reopening the Strait remains distant while those conditions stay on the table. Ships are not moving freely through the Strait of Hormuz, and oil prices are reflecting that reality.　　Additionally, President Trump is scheduled to visit China on Wednesday, but expectations are low for meaningful progress on either the Iran

05-12Industry

VanEck sets Bitcoin price target for end of 2026

With Bitcoin (BTC) price having underperformed Gold (XAU) and the broader United States stock market in 2026, Matthew Sigel, the head of digital assets research at VanEck, has made a bold prediction.　　Bitcoin price could hit $160,000 if it reclaims its all-time high relative to gold, Sigel said. The prediction, analyzed by Finbold on May 12, is based on the BTC/XAU pair recovering to 35x, its previous peak, from its current level of 17.1x.　　Bitcoin / Gold Cross. US Stock Market Cap / GDP. Source: X　　Sigel highlighted that Bitcoin is cheap, as it has not followed the broader U.S. stock market. Furthermore, the ratio of the U.S. stock market cap and the countrys gross domestic product (GDP) recently rebounded to an all-time high (ATH).　　As such, Sigel suggested that BTC price could easily surge beyond his target, since the prediction is pegged on the flagship coin catching up to where equities are trading. Moreover, the broader U.S. stock market recently entered a price discovery phase, potentially signaling the onset of a macro bull rally.　　Bitcoin price outlook　　After attempting to mirror the U.S. stock market‘s bull run over the past few weeks, BTC’s price has seen reduced uptrend momentum. Since getting rejected at around $82,290

05-12Industry

Ethereum Foundation Unstakes $50M in ETH From Lido

The withdrawal moved the ETH from Ethereum‘s Beacon Chain into Lido’s withdrawal queue, where the assets can later be claimed once processing is complete. The move follows earlier treasury adjustments by the foundation, including the unstaking of 17,000 ETH in April and the sale of 10,000 ETH to Bitmine through an OTC deal.　　Ethereum Foundation Unstakes 21K ETH　　The Ethereum Foundation 21,270 Ether worth close to $50 million from the liquid staking protocol Lido. According to blockchain analytics platform Arkham, the withdrawal process was initiated on Monday through a wallet linked to the foundation, moving the staked ETH out of Lido‘s system and into Ethereum’s withdrawal queue.　　The move means the ETH is being removed from Ethereums Beacon Chain, where it was previously locked to help secure the network while earning passive . However, the unstaking does not automatically indicate that the Ethereum Foundation plans to sell the assets.　　In Lidos system, unstaking places the ETH or wrapped staked ETH into a withdrawal queue. This allows the holder to claim the underlying ETH once the request is processed and finalized.　　This latest move follows a series of treasury adjustments made by the Ethereum Foundation over the past few months. In late April, the foundation unstaked

05-12Industry