Latest Crypto News & Market Updates

MoonPay buys Dawn Labs, debuts AI trader for prediction markets

MoonPay buys Dawn Labs and launches Dawn CLI, letting AI agents and traders turn natural‑language prompts into live prediction‑market strategies on Polymarket.MoonPay has acquired AI trading startup Dawn Labs and launched Dawn CLI, an AI-powered assistant that turns natural language prompts into executable crypto trading strategies.The first live integration is with prediction market platform Polymarket, signaling a push into automated, on-chain betting workflows at the intersection of AI agents and decentralized derivatives.The move extends MoonPays broader “agentic payments” strategy, giving AI agents and human traders a shared infrastructure for funding, trading and settlement across crypto markets.　　MoonPay has moved deeper into AI-driven trading with the acquisition of Dawn Labs and the launch of Dawn CLI, a command-line assistant that lets users describe trading strategies in plain English and have them translated into live orders. In an announcement quoted by Yahoo, the company said Dawn CLI is “designed to empower users to formulate and implement trading strategies using natural language commands,” turning free‑form prompts into structured, executable logic.　　MoonPay rolls out Dawn CLI for Polymarket traders　　The first integration targets on-chain prediction markets rather than spot exchanges. According to MoonPay, Dawn CLI will initially support Polymarket, with plans “to broaden its offerings to include

05-12Industry

US Dollar Index: DXY trading in range as inflation eyed – ING

Finance　　US Dollar Index: DXY trading in range as inflation eyed – ING　　INGs Chris Turner notes the Dollar has started the week slightly stronger as hopes for a Middle East ceasefire fade and Oil prices jump. He highlights US April Consumer Price Index (CPI) as the key release, with expectations for higher headline and core inflation. Turner sees the Federal Reserve (Fed) staying cautious and US Dollar Index (DXY) likely confined to a 98.00-98.50 range.　　Dollar supported by stagflationary backdrop　　“Barring some intense behind-the-scenes pressure from China to secure a deal, the market will continue to price an impasse, higher oil prices and a wave of global inflation.”　　“Headline inflation is expected to rise to 3.7% year-on-year (3.3%) while the core rate should rise to 2.7% (2.6%).”　　“Given that the full force of the stagflationary shock has yet to hit, we struggle to see the dollar selling off in a sustained fashion just yet.”　　“That probably means that DXY can bounce around in a 98.00-98.50 range for a while longer, while USD/JPY can creep back to 158 even though US Treasury Secretary Scott Bessent is in Japan early this week and will probably deliver supportive words to Japans FX intervention campaign.”

05-11Industry

Australia Crypto Investors Face Possible CGT Tax Hike

Crypto　　Australia Crypto Investors Face Possible CGT Tax HikeTreasury may replace Australias 50% CGT discount with inflation indexation.Treasury estimates CGT concessions cost Australia AUD 21.8 billion yearly.Australia may limit negative gearing tax benefits to newly built homes under proposed reforms.　　Australia‘s government is considering major changes to capital gains tax (CGT) and negative gearing ahead of Tuesday’s Federal Budget, sparking debate across the investment sector.　　During an appearance on Sky News, Treasurer Jim Chalmers said the proposed reforms seek to tackle housing affordability and “intergenerational unfairness”. However, critics argue the changes could increase taxes on shares, crypto, and investment properties.　　Australia May Replace 50% CGT Discount　　Treasury is reportedly considering reducing Australias 50% CGT discount or replacing it with an inflation indexation model. Under current rules, Australians who hold assets for more than 12 months only pay tax on half of their capital gains. The remaining amount is taxed at their normal income tax rate.　　For example, someone who buys a house for AUD 500,000 and sells it for AUD 700,000 records an AUD 200,000 gain. With the current discount, only AUD 100,000 becomes taxable income.　　Treasury estimates the CGT discount will cost the government AUD 21.8 billion in forgone revenue during the 2025–26 financial year.　　However, Treasury

05-11Industry

Japanese Yen: Choppy trade versus US Dollar around intervention line – OCBC

Finance　　Japanese Yen: Choppy trade versus US Dollar around intervention line – OCBC　　OCBCs FX Christopher Wong describes USD/JPY as a two-way trade after suspected Ministry of Finance (MoF) intervention capped gains near 160. He notes bearish daily momentum but says fundamentals are not decisively Japanese Yen (JPY)-positive, with higher Oil prices still a drag. The pair is expected to stay choppy, driven by Oil swings, with support from 155.40 and resistance up to 158.70.　　Intervention risk tempers upside bias　　“USD/JPY traded near recent lows last week. Price action remains a two-way trade after recent suspected MoF intervention helped cap upside near the 160-handle.”　　“While intervention risk may keep JPY shorts more cautious, the fundamental backdrop is not yet decisively JPY-positive. Higher oil prices remain a terms-of-trade drag on JPY. ”　　“Near term, USD/JPY may stay choppy, driven by swings in oil prices. Pair was last at 156.70 levels. Bearish momentum on daily chart intact while RSI was flat. 2-way trades likely to continue.”　　“Support at 155.40 (61.8% fibo retracement of 2026 low to high), 154.15/30 (200 DMA, 76.4% fibo). Resistance at 157.40 (100 DMA, 38.2% fibo), 158.70 levels (23.6% fibo, 21, 50 DMAs).”

05-11Industry

Nvidia Stock Explodes Despite Rumors Jensen Huang Is Cut From Trump’s China Trip

Wall Street has read the exclusion as background noise rather than a negative catalyst. Huang told investors that Nvidias market share for advanced AI accelerators inside China has collapsed to roughly zero under United States export restrictions.　　Oops… The end result of U.S. semiconductors export controls is: Nvidia down to 0% market share in the world‘s largest semiconductors market, and China’s AI is on par with the U.S.　　“Backfired” is the understatement of the century.　　(https://t.co/TOrBEHdudD) pic.twitter.com/7kdVYwHKVb　　— Arnaud Bertrand (@RnaudBertrand) May 3, 2026　　Analyst models and current valuations already assume no meaningful revenue from restricted chips inside the country.　　Nvidia stock has trailed the broader semiconductor index for weeks because of that overhang, with portfolio managers pointing to AI demand outside China as the dominant earnings lever.　　A single state-visit appearance would not have changed the policy framework, which sits with the Commerce Department and Congress.　　Investors likely viewed the speculation as the administration holding firm on chip controls rather than signaling concessions, a hawkish posture many funds prefer for long-term sector positioning.　　“He is said to not have been invited, signaling Trump may not be willing to offer AI chip concessions in trade negotiations,” one user stated.　　What Investors Are Watching Next　　The CEO roster has been described as

05-11Industry

Swiss Franc regains traction as USD eases from intraday highs amid stalled US-Iran negotiations

Finance　　Swiss Franc regains traction as USD eases from intraday highs amid stalled US-Iran negotiations　　The Swiss Franc (CHF) regains traction against the US Dollar (USD) on Monday, with USD/CHF pulling back after opening the week with a bullish gap as the Greenback gives up part of its earlier gains while traders continue to monitor developments in the Middle East.　　At the time of writing, the pair is trading around 0.7773 after touching an intraday high near 0.7795, though it remains up about 0.12% on the day.　　The pullback in USD/CHF appears largely technical in nature as traders partially fill the bullish opening gap. However, the US Dollars downside remains limited as fading hopes for a near-term resolution to the US-Iran conflict support safe-haven demand for the Greenback.　　The US Dollar Index (DXY), which tracks the Greenbacks value against a basket of six major currencies, is trading around 97.88 after hitting an intraday high near 98.15.　　US President Donald Trump rejected Irans response to a US-backed proposal aimed at ending the war, calling it “totally unacceptable” in a post on Truth Social.　　Irans Foreign Ministry spokesperson Esmaeil Baghaei said on Monday that Tehran was only trying to secure its rights and had offered “generous and responsible” suggestions

05-11Industry

OpenAI Just Launched a Consulting Arm to Help Companies Deploy AI

In briefThe OpenAI Deployment Company launches with more than $4 billion in committed capital and a $10 billion valuation, backed by 19 firms.OpenAI has agreed to acquire Tomoro, a U.K.-based AI consulting firm, to bring approximately 150 forward deployed engineers to the new entity from day one.The announcement came just after Anthropic unveiled a similar $1.5 billion venture with Blackstone, Goldman Sachs, and Hellman & Friedman.　　OpenAI has launched the OpenAI Deployment Company, a new majority-owned subsidiary designed to embed specialized engineers directly inside enterprises working on complex, high-stakes AI projects. The company enters with more than $4 billion in initial investment—and a $10 billion valuation—backed by 19 firms including TPG, Goldman Sachs, SoftBank, Capgemini, and McKinsey & Company.　　The model is borrowed directly from Palantirs playbook: Forward deployed engineers, or FDEs, parachute into client organizations and live inside the complexity—legacy infrastructure, compliance constraints, convoluted permissions—rather than shipping software and leaving the implementation headache to someone else.　　To staff the new entity from day one, OpenAI has agreed to acquire Tomoro, a U.K.-based applied AI consulting firm with deployments at Tesco, Virgin Atlantic, and Supercell, where its engineers built an in-game support agent serving 110 million users in 12 weeks. The acquisition brings

05-11Industry

$142 Million in New XRP Longs Just Walked Into a Double Top

Tech　　$142 Million in New XRP Longs Just Walked Into a Double Top　　XRP price rejected $1.50 for the second time in three weeks, drawing a textbook double top on the chart. Bulls answered with $142 million in fresh long bets.　　Hidden bearish RSI divergence and a 41% drop in long-term holder buying both back the charts warning. The leverage stack is sitting against every signal that matters.　　XRP Double Top at $1.50 Carries a Hidden Risk　　XRPs 12-hour chart shows a double top pattern. A double top is a bearish reversal structure where price tests the same resistance twice and fails to break through.　　The first peak printed on April 17 at $1.50. The second peak arrived on May 10 at $1.51. Both rejected near the same level, with sharp pullbacks following each test. A double top warns that buyers have lost momentum. The pattern confirms only if the neckline breaks, which sits well below the current price.　　Beneath the price action sits a second bearish signal. Hidden bearish divergence appeared on the daily RSI (Relative Strength Index) between mid-February and May 10. The XRP price made lower highs while RSI made higher highs. The RSI is a momentum oscillator that measures the speed and magnitude

05-11Industry

Goldman Sachs forecasts 4.5% gains for Chinese renminbi amid Trump-Xi summit

Tech　　Goldman Sachs forecasts 4.5% gains for Chinese renminbi amid Trump-Xi summit　　Goldman Sachs is betting the Chinese yuan has room to run. The bank projects a 4.5% appreciation against the US dollar, targeting a USD/CNY exchange rate of 6.50 by mid-2027. The catalyst: a high-stakes summit between President Trump and President Xi Jinping scheduled for May 14-15 in Beijing.　　The forecast arrives as the Peoples Bank of China appears to be laying the groundwork. On May 7, the central bank set the USD/CNY reference rate at 6.8961, a move widely interpreted as a strategic signal of controlled appreciation ahead of the talks.　　The trade math behind the forecast　　Chinas trade surplus with the US stood at $87.7 billion in early 2026. The expectation among analysts is that China may increase imports of American goods as a bargaining chip to secure favorable terms at the summit.　　Goldman Sachs is also projecting 4.5% economic growth for China in 2026. The summit discussions are expected to center on trade tariffs, economic cooperation, and export dynamics.　　Crypto markets are already reacting　　Bitcoin prices rose 2% following announcements related to the summit and Goldmans yuan appreciation forecast.　　Crypto market analysts anticipate enhanced regulatory clarity for BTC and ETH under the Trump administration, which

05-11Industry

MicroStrategy’s Latest Bitcoin Buy Is Its Smallest of 2026, and the Slowdown May Be Structural

BTC Yield reached 5.6% year-to-date in mid-April. It then jumped to 9.5% after the April mega-buy, but has since edged down to 9.4%.　　Smaller purchases no longer outrun equity dilution from ongoing ATM offerings and $STRC preferred stock issuance.　　That math, not Bitcoins spot price, now governs how aggressive MicroStrategy can be each week.　　From Accumulation to Active Management　　During the May 5 earnings call, CEO Phong Le and Saylor disclosed specific conditions under which they would sell Bitcoin for the first time. The criteria include funding $STRC dividends and tax management, when sales beat issuing new equity.　　Shares dropped roughly 3% after the comments, reflecting the symbolic break from Saylors prior absolute stance against selling.　　Well probably sell some Bitcoin to fund a dividend just to inoculate the market and send the message that we did it, Michael Saylor, via Strategy earnings remarks.　　Paired with this weeks small buy, the disclosure points to a transition from one-directional accumulation toward active balance-sheet management.　　Executives still expect to be net buyers, targeting 10 to 20 BTC bought per coin sold.　　The signals to watch in coming weeks are whether purchases recover, whether the company executes its first tactical sale, and how $STRC issuance evolves alongside its growing dividend obligations.　　The post

05-11Industry

...

597599

...

1000