Latest Crypto News & Market Updates

MoonPay Acquires Dawn Labs and Launches Dawn CLI AI Tool for $22 Billion Prediction Markets Push

Payments firm MoonPay has acquired AI startup Dawn Labs for an undisclosed sum and immediately rolled out Dawn CLI, an AI-driven trading tool aimed at users of prediction market platforms such as Polymarket and Kalshi. The new product is designed to translate plain-English instructions into custom trading strategies, automating workflows that active traders currently stitch together from social media signals and cross-platform positions. Dawn Labs founder Neeraj Prasad framed the launch as a push to democratize sophisticated event-contract trading. MoonPay said prediction markets have become one of the fastest-growing retail categories, and Dawn CLI is positioned to simplify execution across what remains a fragmented venue landscape.　　Bank of England Governor Andrew Bailey signaled what he called a coming wrestle with Washington over global stablecoin oversight, warning that dollar-denominated tokens could surge into the United Kingdom during a market panic. Bailey argued the GENIUS Act lets issuers redeem holdings indirectly through crypto exchanges, while the UK regime demands strict 1:1 redemption rights with the issuer. He told a London financial-stability conference that international standards are essential if stablecoins are to anchor global payments. Bailey, who also chairs the Financial Stability Board, has previously cautioned that dollar-pegged tokens risk eroding monetary sovereignty and

05-12Industry

XRP Ledger Foundation Names Ripples David Schwartz Honorary Board Member

The Ledger Foundation announced on X on May 11 that Ripple CTO Emeritus David Schwartz joined the organization as an honorary board member. Schwartz helped design the Ledger and will support the Foundations technical stewardship efforts as the organization expands its operational and engineering leadership team.　　A separate announcement published by the Foundation on X on May 8 introduced its broader leadership structure. Brett Mollin was named executive director, Denis Angell chief technology officer, Rene Huijsen director of operations, and Hussein “Vet” Zangana director of community. Mollin sets strategy with the board, while Angell leads engineering work tied to amendments, standards, and production contributions.　　The Foundation stated:　　“As one of the original architects of the Ledger, David brings deep technical insight and a long-term perspective that will help strengthen the Foundations technical stewardship of the ecosystem.”　　Schwartzs honorary board position adds a technical advisory role alongside the team handling daily Foundation work. Huijsen manages financial coordination and operations after earlier payment operations work at Ripple and participation in a Bank for International Settlements cross-border payments taskforce.　　Leader Team Structure Shows Engineering and Community Focus　　Community responsibilities now sit with Zangana, whose work covers communications, validator and developer engagement, ecosystem storytelling, events, and content. His previous XRP

05-12Industry

Whitehat Returns $190K to Renegade After Hacking Them

The white hat hacker sent more than 90% of the stolen funds back within 45 minutes and said in response to the onchain message that the action was taken to protect DeFi users:　　“I‘ve seen a lot of contempt toward my actions. Although I understand that what I did was not ethical, in the current DeFi cybersecurity, I believe this was the best solution to protect users’ funds and ensure their safety.”　　The white hat hacker also hinted that Renegade should tighten up its security measures, stating that the vulnerability exploited was “tooooo simple and bad.”　　North Korean state-backed hackers “would never come to negotiate,” they added.　　Renegade said the exploit appeared to have resulted from the deployment code failing to assign an explicit owner and from a faulty migration in an April 2025 software update, enabling anyone to rewrite the smart contract tied to its V1 Arbitrum dark pool.　　Dark pools are private trading platforms that allow large trades to occur without exposing their intentions to, or impacting, the broader market.　　Renegade added that it would publish a post-mortem with a “full root-cause analysis” explaining the security incident.　　Renegade said it would fully compensate affected users, and that only 7% of its trading volume was channeled

05-12Industry

ETH Price Prediction: $3,500 Target or $2,200 Support Test in January

Market Context: ETH at Critical Crossroads　　Ethereum holds steady at $2,330 with minimal movement over the past 24 hours, but this apparent calm masks building pressure beneath the surface. Trading volume exceeds $1 billion on major exchanges, indicating strong institutional interest despite the lack of clear direction.　　The current price level represents more than just another support zone. ETH sits at a technical crossroads where previous rallies have either accelerated higher or reversed sharply lower. Blockchain.news coverage highlights how similar consolidation phases have preceded ETHs most significant moves in recent months.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full ETH price, calculator & analysis　　Market participants appear to be waiting for a catalyst. The sideways action suggests both buyers and sellers are testing each others conviction at these levels before committing to larger positions.　　Technical Picture Shows Indecision　　Multiple timeframes paint a picture of uncertainty. The RSI hovers near neutral territory at 52.95, showing neither bullish nor bearish momentum dominance. The MACD histogram sits essentially flat, confirming the lack of directional momentum thats characterized recent trading.　　More telling is ETHs relationship with key moving averages. Price action remains below the 200-day SMA at $2,656, creating a bearish

05-12Ethereum

Hims & Hers Health (HIMS) Stock Plunges After Hours on Q1 Earnings Disappointment

Hims & Hers Health, Inc., HIMS　　Top-Line Gains Cannot Mask Profitability Concerns　　Hims & Hers delivered first-quarter revenue totaling $608.1 million, representing a 4% increase from $586.0 million in the comparable period last year. The uptick demonstrated persistent consumer demand for its telehealth offerings. Nevertheless, this incremental growth proved insufficient to alleviate investor worries about deteriorating bottom-line performance.　　Gross profit margin contracted significantly to 65% from 73% recorded in the year-ago quarter. This compression reflected escalating operational expenses tied to the companys broadening service offerings. The margin deterioration also raised questions about earnings sustainability despite growing revenue volumes.　　The company reported a net loss of $92.1 million for the quarter. This marked a stark reversal from net income of $49.5 million achieved in the same quarter last year. Adjusted EBITDA similarly declined to $44.3 million from $91.1 million.　　Customer Base Expands While Domestic Revenue Softens　　Hims & Hers concluded the quarter with approximately 2.6 million subscribers on its platform. This represented a 9% year-over-year increase from 2.37 million subscribers. The expanding customer base strengthened the foundation for delivering customized healthcare solutions.　　Average monthly revenue per subscriber decreased to $80 from $85 in the prior-year period. This 6% reduction indicated challenges in extracting higher value from existing customers.

05-12Industry

Silver Rallies Past $85 as Bitcoin Struggles Near $81K

Silver traded around $84.77 after rising 5.56% on the day, according to data.Bitcoin traded near $81,000 after trimming part of its weekend move above $82,000.U.S. CPI for April is due this week, with data showing a 3.7% forecast after Marchs 3.3% reading.　　Silver outperformed Bitcoin on Monday as spot silver climbed above $85 per ounce for the first time since March 13. Data showed XAG/USD trading near $84.77 at press time, after a sharp move from the low-$80 area.　　Silver Breaks Above $85　　Silvers intraday chart showed a sharp breakout after several hours of sideways movement near $80. The metal then accelerated through $82 and $83 before touching the $85 area, marking one of its strongest short-term moves in recent sessions.　　Data showed silver up 5.56% over one day and 16.65% over one week. The metal has also gained 11.79% over one month, while its one-year performance stood at 159.30%, showing a stronger, longer-term trend than Bitcoin in the same comparison table.　　Notably, Peter Schiff said silver was “ripping” and trading above $85. He added that silver‘s year-to-date gain had reached 18%, surpassing Nasdaq’s 13% gain, while Bitcoin remained down 10.5% on the year.　　The move also follows a strong recovery from Marchs three-month low of

05-12Industry

Seadrill Limited (SDRL) Lifts Revenue Forecast as Contract Backlog Hits $3.1 Billion

Seadrill achieves Q1 adjusted EBITDA of $97M while expanding contract pipeline beyond $3.1B.Shares of SDRL advance 3.05% following upgraded 2026 financial projections.Offshore driller secures fresh rig agreements spanning Brazil, Angola, and Gulf of Mexico operations.First-quarter net loss shrinks as improved dayrates strengthen operational performance.Intraday trading shows early volatility despite positive earnings metrics and enhanced outlook.　　Seadrill Limited delivered improved first-quarter financial performance while announcing contract wins that pushed its total backlog past the $3.1 billion threshold. Shares of SDRL closed at $49.79, marking a 3.05% increase, though the stock retreated from intraday peaks near $53. The quarterly report highlighted strengthening rig market conditions, upgraded forecasts, and extended revenue certainty through 2026.　　Seadrill Limited, SDRL　　Offshore Driller Elevates 2026 Financial Projections　　Seadrill recorded operating revenue of $358 million during the first quarter, representing a slight decline from the prior quarters $362 million. Despite this modest revenue dip, adjusted EBITDA climbed to $97 million compared with $88 million previously. The offshore driller also expanded its adjusted EBITDA margin, excluding reimbursables, reaching 27.9%.　　The company narrowed its quarterly net loss to $7 million from $10 million in the preceding period. Diluted loss per share decreased to 11 cents versus 16 cents previously. Operating expenditures declined to $334 million

05-12Industry

Sterling reverses below 1.3650 ahead of US CPI and UK GDP

In the fifteen-minute chart, GBP/USD trades at 1.3609. The pair holds a mild intraday bullish bias as it sits above the daily open at 1.3584, keeping the latest rebound intact despite the lack of nearby moving average references. However, the Stochastic RSI has recently shifted from overbought extremes toward the lower end of its range, hinting that upside momentum is cooling after the earlier advance.　　On the downside, immediate support is seen at the daily open level around 1.3584, where buyers may look to defend the broader intraday up-move. A sustained break below this floor would weaken the constructive tone and expose deeper pullbacks, while holding above it would keep the short-term bias tilted to the upside even as momentum indicators stay in a corrective phase.　　In the daily chart, GBP/USD trades at 1.3611 with a bullish near-term bias, as spot holds above both the 50-day and 200-day exponential moving averages (EMAs). The pair has extended its advance away from these reclaimed trend filters, suggesting underlying demand remains in control, while the Stochastic RSI around 61 indicates positive but not overstretched momentum, leaving room for further gains if buyers stay in charge.　　On the topside, immediate support-turned-reference now comes from the 50-day EMA

05-12Industry

Strategys STRC Raises $206M To Buy More Bitcoin As ATM Sales Resume

Following an STRC perpetual preferred stock (STRC) becoming $100 par value, Strategy increased its acquisition capacity for Bitcoin again. Mondays trading session opened the door to new equity offerings of STRC to support further BTC acquisitions for the company.　　Strategys STRC Attracts More Capital　　Bitcoin Treasuries ATM tracker on May 11, 2026 indicated that STRCs ATM program was still active. It generated net proceeds of $206.61 million from the issuance of 2.12 million shares. The achievement comes as Strategy announced a fresh $43 million Bitcoin acquisition today.　　The Bitcoin price tracker showed that Strategy could use these proceeds to buy almost 2,536 BTC at an average price of $81,471 per coin. The tracker also revealed that STRCs daily trading volume surge, including after hours.　　The trading volume hit a whopping $444.91 million as that the preferred stock traded at its $100 par value. STRC saw very limited volatility on Monday, ranging from $99.99 to $100.01.　　For further context, STRC returned to its target price during the trading session on May 8. The preferred stock ended at $99.99 before rising to $100 in after-hours trading, according to Yahoo! Finance data. It recorded a trade volume of over $218 million that day.　　Meanwhile, it‘s important to note that

05-12Industry

Datavault AI (DVLT) Stock: Ambitious 48K-GPU Edge Network Eyes National Rollout

Datavault AI tied its infrastructure initiative to anticipated Senate Banking Committee action on the CLARITY Act. Senate Banking Chair Tim Scott scheduled the bills markup session for Thursday, May 14, 2026, beginning at 10:30 a.m. Eastern Time. This legislation pursues more transparent federal frameworks for digital asset regulation and market structure.　　The CLARITY Act endeavors to establish distinct jurisdictional boundaries between the SEC and CFTC in overseeing digital asset activities. The House approved this bipartisan measure in July 2025 with strong 294-134 support. Senate advancement would move the legislation closer to reconciliation discussions with the House-passed version.　　Datavault AI indicated that enhanced regulatory clarity might accelerate adoption of tokenization platforms, protected data operations, and distributed computing services. The firm delivers solutions spanning data monetization, digital credentialing, customer engagement tools, and real-world asset tokenization capabilities. Therefore, management views regulatory certainty as a potential catalyst for broader digital infrastructure deployment.　　Expansive GPU Fleet for Metropolitan Coverage　　Datavault AI intends to construct a geographically dispersed edge infrastructure through its collaboration with Available Infrastructure spanning major American cities. The initiative aims to reach beyond 100 metro regions before 2026 concludes. Plans also encompass deploying 1,000 urban micro-edge neocloud facilities throughout the nation.　　The organization anticipates achieving full commercial operation

05-12Industry

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