Latest Crypto News & Market Updates

Lumentum joins NASDAQ-100 index, replacing CoStar Group on May 18

Lumentum Holdings, the company that makes the optical plumbing for AIs most power-hungry data centers, is getting a promotion. The photonics specialist will join the NASDAQ-100 Index on May 18, replacing CoStar Group, which was bumped due to its comparatively lower market capitalization.　　Nasdaq made the announcement on May 8, and the market responded predictably. Lumentum shares gained 5.39% in pre-market trading, a modest encore for a stock that has already climbed more than 1,200% since early 2024.　　The numbers behind the nod　　Look at Lumentums trajectory. The stock rallied 339% in 2025 alone, propelled almost entirely by demand for optical components that power high-speed data transmission in AI and cloud computing infrastructure.　　The companys most recent earnings report, from April 25, backed up the hype with actual revenue. Lumentum posted $452 million in Q1 2026 revenue, an 18% increase year-over-year. That growth came from the two sectors every hardware maker wants exposure to right now: artificial intelligence and cloud computing.　　CoStar Group, a commercial real estate analytics firm, drew the short straw in the NASDAQ-100‘s periodic rebalancing. The index regularly swaps constituents based on market capitalization, and CoStar’s valuation simply could not keep pace with the AI-fueled surge lifting companies like Lumentum.　　Why index inclusion

05-12Industry

5 Superstars You Won’t See At The World Cup

The World Cup is all about showcasing the planets best soccer players.　　But not all of the best players will be at the 48-team tournament, which starts on June 11. Injuries and the failure of certain nations to qualify will rob millions and millions of fans the joy of watching several of the worlds most talented players this summer.　　The failure of Italy to qualify for a third straight World Cup will mean that several top players will miss the tournament co-hosted by the United States, Canada and Mexico.　　Failure to qualify isn‘t the only reason. The long European club season certainly hasn’t helped as injuries, especially over the past few months, means players will miss out on what can often be a once-in-a-lifetime chance.　　Getty Images　　Here are five players who will miss out on the tournament:　　Xavi Simons (Netherlands)　　Xavi Simons, one of the biggest young stars from the Netherlands, plays as an attacking midfielder and became known after starring for PSV Eindhoven, RB Leipzig and later Tottenham Hotspur. He has also become a regular for the Dutch national team.　　Simons will not play at the World Cup after suffering a serious right knee injury, diagnosed with a ruptured ACL during a Premier League match for

05-12Industry

Euro dips below 1.1750 amid mixed Economic Sentiment data, growing geopolitical risks

EUR/USDs technical picture shows bearish momentum building up slowly on the 4-hour chart. The Relative Strength Index (RSI) around 46 hints at fading bullish pressure, while the Moving Average Convergence Divergence (MACD) has slipped marginally into negative territory, suggesting that upside momentum is waning.　　On the downside, the first notable support comes in at Friday‘s low, about 1.1725, ahead of a key support area between 1.1645 and 1.1675, which halted sellers several times in April. On the topside, the resistance area between 1.1790 and 1.1800 (May 1, 6, and 8 highs) is expected to test upside attempts ahead of April’s peak, at the 1.1850 area.　　Economic Indicator　　ZEW Survey – Economic Sentiment　　The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. Generally speaking, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish).　　Economic Indicator　　ZEW Survey – Current Situation　　The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of

05-12Industry

OCC Grants Conditional Approval to Augustus for First AI-Native US National Bank Charter

Bitcoin Ethereum NewsAugustus received OCC conditional approval to charter the first AI-native US clearing bank.CEO Ferdinand Dabitz aged 25 becomes the youngest federally chartered bank CEO in 100 years.Traditional clearing banks close 115 days yearly and take two days to settle transactions.　　A 25-year-old just received OCC approval to build Americas first AI-native clearing bank, Augustus, has received conditional approval from the Office of the Comptroller of the Currency to establish Augustus Bank N.A. as a full-service US national bank. The approval makes Augustus the first clearing bank built from the ground up for AI agents, programmable money, and always-on global settlement.　　Co-founder Ferdinand Dabitz, 25, will serve as CEO, becoming the youngest person to lead a federally chartered bank in over 100 years. Since 2010, fewer than ten full-service national bank charters have been granted in the United States.　　What Augustus Does Differently　　Traditional clearing banks are closed 115 days a year, built for human-initiated transactions, and take two business days to settle. Augustus is built around the opposite assumptions. Its primary banking system was designed from scratch for machine-initiated, agent-driven workflows that run continuously without human intervention.　　The US dollar is the most in-demand financial product in history but the infrastructure distributing it

05-12Industry

Plug Power (PLUG) Stock Jumps Over 12% Following Strong Q1 Revenue Beat

Plug Power Inc., PLUG　　Shares jumped 12.8% during Mondays regular session. Extended-hours trading on Tuesday morning showed additional gains of 6.3%, pushing the price to $3.74.　　The companys loss per share registered at -$0.08, outperforming the anticipated -$0.10. This represents a favorable variance of 20% and marks a 53% sequential improvement from the -$0.17 loss recorded during the first quarter of 2025.　　Top-line growth came in at 22% compared to the prior-year period. During Q1 2025, the company reported an operational deficit of approximately $180 million against revenue of roughly $134 million.　　This quarters operating deficit narrowed to about $109 million. Analyst projections had anticipated a loss near $110 million.　　The market‘s short interest positioning added intrigue to the report. Approximately 25% of the company’s float remains sold short—translating to roughly 350 million borrowed shares. This contrasts sharply with the Russell 2000s average short interest of around 8%.　　Given the positive results, some short sellers likely closed positions preemptively, potentially amplifying upward price momentum.　　Profitability Metrics Advancing　　Gross margin demonstrated substantial progress, expanding from -55% in the year-ago quarter to -13% currently—a remarkable 42-point improvement. Per-unit service expenses declined by more than 30%.　　The electrolyzer segment delivered particularly impressive results, with revenue climbing 343% year-over-year. Meanwhile, hydrogen fuel sales

05-12Industry

Michael Burry warns investors to reduce exposure to parabolic tech stocks

Michael Burry, the man who made a fortune betting against the housing market before it imploded in 2008, is sounding the alarm again. This time, his target is the AI-fueled tech rally that has pushed the Nasdaq 100 up 28% since January.　　Burry is advising investors to trim their positions in stocks with parabolic price trajectories and raise cash.　　What Burry is actually doing with his money　　Scion Asset Management‘s Q1 2026 13F filing shows roughly $60 million allocated to cash and $85 million in put options. Put options are bets that a stock’s price will fall. Burry has aimed those positions directly at two of the markets biggest darlings: NVIDIA and Tesla.　　NVIDIA has surged 150% year-to-date. Tesla is up 45% over the same period.　　Burry also liquidated all of his Chinese tech holdings during Q1 2026.　　The dot-com comparison　　Burry has drawn explicit parallels between todays Nasdaq 100 trajectory and the peak of the dot-com bubble in 2000. The current Nasdaq P/E ratio sits at 35x forward earnings, according to Goldman Sachs — the highest level since 2000. The last time valuations were this stretched, the Nasdaq proceeded to lose nearly 80% of its value over the next two and a half years.　　Why this matters

05-12Industry

Bermuda to transition ‘key’ financial services to Stellar blockchain

The government of Bermuda announced that it will begin moving payment and financial-services activities to the Stellar network as part of its plans to be a “fully on-chain national economy.”　　Speaking at the Bermuda Digital Finance Forum on Tuesday, Premier David Burt said that the island nations government, after risk assessments, could accept and invest in digital assets. In addition, Stellar announced that Bermuda would move certain financial services onto its network in response to high transaction fees.　　“The lack of mobile money applications and reliance on legacy payments infrastructure has left Bermudians paying high payment processing fees and hindered additional economic growth opportunities,” said Burt. “The use of digital dollars can change that, and the Stellar networks capacity to support public sector initiatives are what make it possible to deliver this responsibly and at the scale Bermuda requires.”　　Source: Stellar　　Stellar is primarily classified as a Layer 1 blockchain. It is designed to facilitate fast and low-cost transactions across various currencies and assets. It powers cross-border payments, fiat on and off ramps, and stablecoin issuance for financial institutions, fintechs, and exchanges around the world.　　Burt announced at the World Economic Forum in Davos, Switzerland in January that the government had partnered with Circle and

05-12Exchange

Circle Agent Stack: Powering Autonomous AI Payments with USDC Technology

Circle introduced the Circle Agent Stack, a platform enabling AI agents to independently manage wallets and execute payments with USDCThe platform features Agent Wallets, a Command Line Interface, a service marketplace, and Nanopayments capable of handling transactions as tiny as $0.000001Built on Circles established stablecoin platform, the tools function across multiple supported blockchain networksCRCL shares have increased 43% year-to-date, with the firm valued at a $27.6 billion market capitalizationFrench financial authorities recently granted Circle permission to provide crypto-asset services throughout the European Economic Area under MiCA regulations　　Circle, the issuer of the USDC stablecoin, has unveiled a comprehensive product offering named Circle Agent Stack. This suite of tools enables artificial intelligence agents to independently handle financial operations without requiring human intervention for individual transactions.　　The offering comprises four primary elements. First is a Command Line Interface (CLI), providing developers and AI agents with capabilities to create applications leveraging Circles wallet and payment infrastructure. Second are Agent Wallets — customizable wallets enabling AI agents to store, transfer, and control assets according to developer-defined parameters.　　The third element is an Agent Marketplace. This functions as a service directory where both humans and AI agents can discover and automatically integrate with available services. Fourth is Nanopayments,

05-12Industry

Singapore Gulf Bank taps Standard Chartered for digital asset payment corridors

Singapore Gulf Bank has entered a strategic banking partnership with Standard Chartered to strengthen cross-border settlement and multi-currency payment services across emerging digital asset markets.Singapore Gulf Bank partnered with Standard Chartered to improve cross-border settlement and correspondent banking services across the Middle East and Asia.SGB said the collaboration will help clients access faster multi-currency payment flows through Standard Chartereds clearing network.　　According to a release shared with crypto.news on Tuesday, the agreement expands the bank‘s correspondent banking network and improves payment routing in regions where digital asset activity has been growing quickly, particularly across the Middle East and Asia. Clients operating in those corridors are expected to gain faster settlement and reduced transaction friction through Standard Chartered’s clearing infrastructure.　　Speaking on the partnership, Singapore Gulf Bank Chief Executive Officer Shawn Chan said businesses in emerging markets still face delays caused by layered intermediary banking systems. Chan stated that the collaboration with Standard Chartered would help remove those bottlenecks while supporting infrastructure tied to the digital asset economy.　　Within the arrangement, Standard Chartered will provide correspondent banking and clearing support through its global network. Karine Zakhour, Head of Banks, Brokers and Dealers at Standard Chartered MENA, said payment activity across high-growth corridors has continued

05-12Industry

How AI is Transforming Contract Analysis for Legal Teams

The growing complexity and volume of contracts have long posed a challenge for legal teams. Harvey, an AI-powered legal platform already used by over 142,000 professionals worldwide, is emerging as a key player in automating contract analysis. By handling repetitive tasks like clause extraction, risk flagging, and compliance checks, the tool allows lawyers to focus on strategic decision-making rather than manual reviews.　　Traditional contract analysis is time-intensive and error-prone, especially when performed at scale. Legal departments often face risks like missed obligations or unnoticed deviations from standard language. Harvey‘s AI addresses these issues by automating high-volume tasks, such as identifying indemnification clauses or tracking renewal dates. Importantly, it doesn’t replace lawyers but complements their expertise by providing structured, reliable outputs grounded in the companys playbooks and standards.　　How AI Outperforms Manual Reviews　　Unlike basic keyword searches, Harvey employs advanced techniques like structural comprehension and retrieval-augmented generation. For example, it understands how a term defined in one contract section impacts clauses elsewhere, ensuring its analysis is contextually accurate. Additionally, the platform clearly cites the specific clauses underpinning its findings, a feature essential for legal professionals who need verifiable insights.　　The platform integrates seamlessly into existing tools like Microsoft 365, reducing workflow disruption—a major barrier to

05-12Industry

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