Latest Crypto News & Market Updates

Cardano Price Prediction: ADA Breaks Out As Grayscale Lifts Exposure To 18.33%

Tech　　Cardano Price Prediction: ADA Breaks Out As Grayscale Lifts Exposure To 18.33%ADA derivatives volume surged 129.80% to $917.34M and open interest climbed 6.94% as price broke above a descending triangle held since FebruaryGrayscale raised ADAs weight to 18.33% in its smart contract fund on May 7, keeping it third behind Solana and EthereumRetail longs are piling in at a 2.37 ratio on Binance while shorts build positions above price ahead of Thursdays CLARITY Act vote　　Cardano trades at $0.2777 on May 11, fading after tagging $0.2829 intraday, one session after breaking a three-month descending triangle that had compressed price since February while Grayscale quietly raised its ADA allocation to 18.33%.　　ADA Daily Chart: Triangle Breakout Stalls at the 100 EMA　　From February through late April, ADA ground inside a descending triangle with lower highs pushing toward rising support near $0.24. The pattern broke upside in early May, with price clearing the structure and running to $0.2829 before fading. That high landed directly on the 100 EMA at $0.2844, which is now the level the market needs to clear.　　Below that, the 20 EMA at $0.2607 and 50 EMA at $0.2594 have both flipped to support for the first time since the downtrend started. The

05-11Industry

India Jewelry Stocks Lose 12% as Modi Targets $72 Billion Gold Import Bill

Tech　　India Jewelry Stocks Lose 12% as Modi Targets $72 Billion Gold Import Bill　　Indias jewelry stocks suffered a sharp single-day selloff on Monday. Major retailers shed up to 12% after Prime Minister Narendra Modi urged a one-year pause on gold buying.　　The Nifty Consumer Durables index closed 4% lower, and Titan was the single biggest drag on the Nifty 50.　　Inside the India Jewelry Stocks Selloff　　Senco Gold and Thangamayil Jewellery each fell about 9%. Kalyan Jewellers slipped 8%. Titan Company and Goldiam International dropped about 6%, while Sky Gold lost as much as 12% intraday.　　The selling started at the open and accelerated into the afternoon session.　　Indias Jewellery Stocks Down.　　“One statement by PM and all down,” equity researcher Dhawal Doshi highlighted.　　Investors priced in weaker volumes for the upcoming wedding season, which drives roughly half of Indias annual gold purchases.　　Lower retail footfalls would directly hit revenues across the gold retail segment. The move could compress same-store sales growth over the next two quarters.　　Why Modi Targeted Indias Gold Demand　　India is the worlds second-largest gold consumer behind China and a major import market for the metal.　　1) India is a net importer of Gold (2nd largest after China). We import gold to meet our domestic demand.　　2) When you

05-11Industry

Circle (CRCL) beats earnings estimates but misses on revenue amid $222 million Arc raise

Circle, issuer of the worlds second-largest stablecoin, USDC, posted estimate-beating first-quarter earnings as revenue rose 20% and it raised $222 million for its Arc blockchain network in a presale of the ARC token.　　Earnings per share (EPS) of 21 cents beat analyst estimates of 17 cents, while revenue rose 20% to a less-than-forecast $694 million. Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) grew 24% from a year earlier to $151 million, the New York-based company reported.　　USDC onchain transaction volume jumped over 260% from the year-earlier quarter to $21.5 trillion, and USDC in circulation increased 28% to $77 billion.　　The ARC token presale values the project at $3 billion. The fundraising round included investment from a mix of Wall Street heavyweights and crypto-native firms, including BlackRock, Apollo Funds, a16z crypto, ARK Invest, CoinDesks parent company Bullish, Haun Ventures, Intercontinental Exchange and Standard Chartered Ventures.　　The fundraising marks Circles most ambitious expansion beyond USDC and payments infrastructure, pushing the stablecoin issuer deeper into the race to build blockchain infrastructure for institutional finance.　　Circle also published the Arc whitepaper on Monday, outlining ARC as a “native coordination asset” designed to support governance, validator security and network operations across the chain.　　Arc, which began testing in October,

05-11Industry

India Jewelry Stocks Lose 12% as Modi Targets $72 Billion Gold Import Bill

05-11Industry

Jefferies Backs AI Stock Rally as Earnings Growth Fuels 80% of S&P 500 Gains

Such market concentration raises concerns among some market participants. However, Jefferies presents compelling evidence supporting the rallys foundation.　　The firms quantitative analysts examined the underlying factors propelling these gains. Their conclusion: legitimate earnings expansion, not valuation inflation, fuels the advance. This differentiation proves critical for investors assessing bubble risk.　　The AI baskets forward earnings projections for 2026 have surged more than 30% since the middle of last year. Projections show compound annual earnings expansion of 38.5% for AI-focused companies spanning 2026 through 2027. Meanwhile, non-AI sectors project growth of merely 11.9%.　　Despite robust growth expectations, AI stocks trade around 25 times forward earnings. This multiple sits beneath the sectors one standard deviation threshold. The price-to-earnings-growth metric stands at just 0.6 times.　　“AI is the cheapest sector to own in the U.S.,” Jefferies strategists stated in their research report.　　Performance Varies Across AI Subsectors　　The AI sector shows considerable performance dispersion. AI server manufacturers, optical component suppliers, and memory producers have delivered superior returns this year. Cloud hyperscalers and chip architecture firms have underperformed.　　From a valuation perspective, memory and compute infrastructure appear most compelling on a PEG basis. Semiconductor equipment makers and chip designers carry higher relative valuations.　　First quarter 2026 earnings results provided additional insight. Approximately 86%

05-11Industry

Ripple Prime lands $200M Neuberger facility to boost margin trading

Ripples prime-brokerage unit has secured up to $200 million in financing from Neuberger Berman to expand margin services for institutional investors. Ripple Prime can draw up to $200 million based on institutional client borrowing demand across markets.The Neuberger facility supports margin trading across crypto, equities, fixed income, and foreign exchange.The deal follows Ripples Hidden Road acquisition and wider push into institutional brokerage services.　　The facility was arranged through Neuberger Bermans specialty finance group, according to Bloomberg.　　The funding is designed to support trading across traditional and digital markets. Ripple Prime can draw on the facility based on client borrowing demand across equities, fixed income, foreign exchange, and crypto assets.　　Meanwhile, Prime brokers provide financing, custody, clearing, and trading support to large clients. In this case, Ripple Prime plans to use the debt facility to increase the margin it can offer investors trading across multiple asset classes.　　Ripple Prime President Noel Kimmel said, “The future of prime finance is supporting all major asset classes through a single structure and credit line.” That remains Ripple Primes position, while the actual use of the facility will depend on client demand and market conditions.　　Hidden Road deal set up Ripple Prime　　The move follows Ripples $1.25 billion acquisition of Hidden

05-11Industry

OpenAI Faces Federal Lawsuit Over ChatGPTs Alleged Role in FSU Mass Shooting

In briefA federal lawsuit alleges that OpenAIs ChatGPT provided firearms guidance and tactical advice to the gunman in the April 2025 Florida State University mass shooting that killed multiple victims.The family claims ChatGPT failed to detect threat indicators despite extensive conversations about weapons, mass shootings, and attack planning methods.Floridas Attorney General has launched a criminal investigation into OpenAIs role in the incident.　　Vandana Joshi, whose husband was killed in the April 2025 Florida State University mass shooting, filed a federal lawsuit against OpenAI Sunday, alleging that ChatGPT enabled the attack by providing firearms guidance and tactical advice to the shooter.　　The lawsuit alleges Phoenix Ikner shared images of firearms with ChatGPT and received instructions on how to use them in the weeks before April 17, 2025. According to the filing, ChatGPT allegedly told Ikner that weekday lunchtimes between 11:30 a.m. and 1:30 p.m. were peak hours at the student union—and Ikner began his attack at 11:57 a.m.　　ChatGPT also allegedly claimed that a shooting was more likely to gain national attention “if children are involved,” adding that, “even 2-3 victims can draw more attention.” Per the complaint, Ikner also shared images of firearms he had acquired with ChatGPT, with the chatbot responding with

05-11Industry

IonQ (IONQ) Stock Gains as SkyWater Shareholders Green-Light Acquisition

IonQ, Inc., IONQ　　While the shareholder approval eliminates a critical obstacle, it doesnt finalize the transaction. Both companies must still secure regulatory clearances and fulfill customary closing requirements before the deal can be consummated.　　According to SkyWaters announcement, the merger remains on schedule for completion during the second or third quarter of 2026.　　IONQ stock posted gains in response to the news, rising 3.27% on Friday to settle at $49.24. The equity has fluctuated between $25.89 and $84.64 throughout the trailing 52-week period.　　SkyWater maintains semiconductor fabrication and advanced packaging operations across Minnesota, Florida, and Texas. The companys client roster includes defense contractors, and its technical capabilities span various cutting-edge technology sectors, including quantum computing applications.　　For IonQ, this acquisition represents a strategic move toward vertical integration. Controlling a domestically-based semiconductor foundry positions the company to better accommodate customers requiring domestic manufacturing capabilities and military-grade production protocols.　　Institutional Investment Activity Accelerates　　Numerous institutional investors have expanded their IONQ positions during recent reporting periods. F m Investments LLC increased its ownership by 60.5% during the fourth quarter, purchasing an additional 16,422 shares to reach a total holding of 43,587 shares worth approximately $1.96 million.　　Additional institutional players have similarly increased their allocations. Stone House Investment Management expanded its position

05-11Industry

Teradyne sees growth potential from AI networking and GPU expansion

Tech　　Teradyne sees growth potential from AI networking and GPU expansion　　Teradyne reported Q1 2026 revenue of $1.282 billion, an 87% increase year-over-year, driven almost entirely by the insatiable appetite for AI-related chip testing.　　Non-GAAP earnings per share came in at $2.56, and the companys free cash flow is projected to reach $950 million for the full year.　　The AI testing gold rush　　The automated test equipment market stood at $9 billion in 2025 and is forecasted to grow significantly from there, fueled by AI-driven demands for compute, networking, and memory chip testing.　　The company secured multiple production test orders for merchant GPUs during Q1 2026. Merchant GPUs, the kind sold on the open market rather than kept in-house by hyperscalers, represent a massive addressable market that Teradyne has been working to crack for years.　　Full-year outlook and what the numbers say　　Analysts are projecting Teradynes full-year 2026 revenue growth somewhere between 22% and 31%. EPS growth is expected to exceed 40%. The company itself has indicated that 55-60% of its 2026 revenue will land in the first half of the year.　　The $950 million free cash flow projection would represent roughly a doubling from prior levels. Teradyne operates in an oligopolistic market for high-end test equipment alongside Advantest

05-11Industry

Brent: Uptrend intact above key supports – Societe Generale

Finance　　Brent: Uptrend intact above key supports – Societe Generale　　Societe Generales Kenneth Broux notes Brent is up 4%, trading near $105.2, after carving out an interim low around $96 and repeatedly defending its 50-day moving average. The analysts see the earlier peak at $115 as a key hurdle, with a break higher opening further upside, while a loss of the $102 gap would risk a deeper pullback.　　Support at 96–102 underpins crude　　“Brent carved out an interim low near $96 during the last pullback and once again defended the 50-DMA, highlighting a lack of steady downward momentum.”　　“It has formed an up gap around $102 and is now staging a bounce. The peak reached earlier this month at $115 serves as a short-term hurdle.”　　“A break above this may trigger a larger upward move. There would be a risk of a deeper pullback if the gap near $102 gives way.”　　“The ceasefire in the Gulf still holds after the US dismissed the counter-proposal of Iran but the blockade continues and the Strait of Hormuz remains shut.”

05-11Industry

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