Latest Crypto News & Market Updates

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

Iran demands US war reparations and sovereignty over Strait of Hormuz in peace talks

Tech　　Iran demands US war reparations and sovereignty over Strait of Hormuz in peace talks　　Iran has thrown a diplomatic grenade into the middle of peace negotiations with the United States. Rather than accept a 15-point ceasefire proposal from Washington, Tehran countered with its own list of demands: war reparations from the US and Israel, formal recognition of Iranian sovereignty over the Strait of Hormuz, sanctions relief, and the release of frozen assets.　　The ceasefire plan was dismissed by Iranian officials as tantamount to “surrender.”　　Whats actually happening on the ground　　The current crisis traces back to US and Israeli strikes on February 28, 2026. In response, Iran took the dramatic step of blocking the Strait of Hormuz, the narrow waterway through which roughly 20% of the worlds oil supply passes on any given day.　　Iran has since established a regulatory authority to oversee vessel traffic through the strait.　　Iranian officials have been explicit that they want “tangible benefits” from any deal, not symbolic gestures or vague promises of future diplomatic engagement.　　Global oil prices have surged in response to the blockade. Inflation concerns are mounting again.　　Prediction markets are not optimistic　　Odds for an Iran uranium surrender by April 30 have fallen to 45.4%. That number was higher before

05-11Industry

Ethereum Price Prediction: Bulls See Strongest Signal Since October

Ethereum moved back above a key weekly moving average for the first time since October 2025, putting its recovery setup back in focus. At the same time, the monthly chart shows $ETH still holding inside a long term rising channel, keeping the wider upside structure active.　　Ethereum Weekly Close Above Moving Average Puts $ETH Recovery Back in Focus　　Ethereum closed the week near $2,327, moving slightly above the blue moving average line on the weekly Coinbase chart. Sky said this was the first weekly close above the 20-day moving average since October 2025.　　Ethereum Weekly Close Above Moving Average. Source: Sky on X　　The chart shows $ETH recovering from its February and March lows near the $1,750 to $1,950 area. Since then, price has formed a steady rebound and returned to the $2,300 zone.　　This close matters because moving averages often act as trend filters. When price closes above a key average, traders may read it as a sign that momentum is improving. However, $ETH still trades below the higher red moving average near $3,154, which remains a major resistance area.　　Sky compared the move with the previous breakout in October 2025, when $ETH later climbed from around $2,400 to $5,000. That comparison adds attention to

05-11Exchange

7 Democrats seen as ‘key’ to advancing CLARITY Act: Galaxy

Crypto investment firm Galaxy Digital said seven Democratic lawmakers on the US Senate Banking Committee could be key to advancing the Digital Asset Market Clarity Act when it goes to markup on Thursday, sending it to the Senate for a vote.　　In an X post on Sunday, Galaxy Digital labeled Democratic lawmakers Ruben Gallego and Angela Alsobrooks as “constructive/pro-framework” when it comes to crypto. Four other lawmakers are seen as “deal-makers,” while one lawmaker is seen as “mixed.”　　“If Democrats vote for the bill in markup, likelihood of ultimate passage on the Senate floor increases significantly,” Galaxy Digital said.　　Passing the CLARITY Act through the Senate and into law would establish clear rules for the crypto industry in the United States, ending years of regulatory uncertainty for the sector and possibly encouraging more projects to be built in the country, though it will need bipartisan support.　　Galaxy Digital speculates that seven Democrats on the US Senate Banking Committee could be swayed to approve the CLARITY Act. Source: Galaxy Digital　　Mark Warner, Catherine Cortez Masto, Andy Kim and Raphael Warnock, listed as “deal-maker/conditional,” according to Galaxy Digital, as they have all shown support for the framework and voted to pass the $GENIUS Act.　　However, they also want

05-11Exchange

Veteran investor bets on Ethereum as he sees AI agents driving tokenization demand

Macro investor and former hedge fund manager Jordi Visser said he recently bought Ether as he sees the “tokenization reality” starting this year, with tokenized assets powering agentic AI payments.　　“I dont think enough people are talking about tokenization and whats happening,” Visser told Anthony Pompliano on a podcast on Saturday, predicting that tokenization and AI will be intertwined.　　AI agents cannot access banking services or credit, so their primary method of transacting online autonomously will be digital assets such as Ether or stablecoins, which do not require bank accounts, logins or human approval.　　“AI agents are with us,” he said. “They need food, and that food is not physical food. It is tokens,” he added. “Theres been a shortage,” which could lead to a supply and demand issue, he continued.　　Autonomous online payments have surged this year, recording more than $24 million in transaction volume over the past month on the Coinbase x402 standard, according to x402.org.　　Meanwhile, crypto protocols are racing to implement agentic AI payment protocols into their blockchains. The Algorand Foundation is one of the more recent, announcing on Saturday support for agentic commerce via a partnership with Google on the AP2 Agentic Payments Protocol.　　Tokenization is needed for price discovery　　Ethereum is

05-11Exchange

After the $16.5 billion in exploits, DeFi is now being forced toward the controls it once resisted

The rsETH crisis resulted in $200 million in bad debt on Aaves books, despite not a single line of its contracts misbehaving.　　On Apr. 18, attackers that Chainalysis preliminarily linked to Lazarus compromised RPC infrastructure, forced a failover to poisoned nodes via DDoS, and injected false data into a 1-of-1 DVN configuration on KelpDAOs rsETH bridge.　　The forged message released approximately 116,500 rsETH, and Aaves incident report confirmed that Ethereum accepted nonce 308 while the Unichain source endpoint never advanced past 307.　　The attacker supplied the compromised rsETH to Aave and borrowed against it, resulting in bad debt and serving as a frame for the current state of DeFis security.　　Exploiters extracted over $635 million across 28 incidents in April, the worst monthly total in over a year. DefiLlama puts the cumulative historical cost of hacks at $16.5 billion, with $7.7 billion specifically targeting DeFi.　　The high-profile exploits on Drift and the KelpDAO bridge resulted in DeFi losing nearly $11 bilion in total value locked last month.　　That contraction occurred as stablecoin rails, tokenized treasuries, and regulated settlement layers gained institutional traction in the same capital markets.　　DeFi exploiters extracted $635 million across 28 incidents in April, the sectors worst monthly loss in over a year, while

05-11Exchange

SUI Climbs 31% as Utility Plays Take Over CoinGecko This Week

Sui (SUI) jumped roughly 31% over 24 hours on Sunday, lifting it onto CoinGeckos trending coins list alongside Sweat Economy (SWEAT) and Zano (ZANO) and reviving talk of a fresh altcoin narrative.　　The high-throughput Layer 1 reclaimed ground above $1.40, according to analytics tracker CoinsLytic, while the simultaneous appearance of a fitness token and a privacy-by-default chain in the same bracket caught traders attention.　　A 31% Rally Puts SUI Back in Focus　　Several accounts logged the move within hours. Trader Ivan Liljeqvist captured the mood for short-term participants in a Sunday post.　　“SUI up almost 30% since flipping bull on the hourly time frame Last 7-10 days is a paradise for short-term day traders grinding lower timeframes in altcoins,” he wrote.　　The rally extends an advance that lifted SUI more than 38% earlier in 2026. Analysts flag a clean break above the $1 zone, naming $3 and $10 as longer-term targets.　　$SUI broke above the $1 zone and is up more than 11% in the last 24 hours ????　　Next targets are $3 and $10 ???? pic.twitter.com/l4A3FE1Hnq　　— Sui Insiders???? (@SuiInsiders) May 10, 2026　　SWEAT and ZANO Point to a Different Kind of Demand　　The mix of names alongside SUI is what has drawn wider attention. CoinGecko noted the trio

05-11Industry

Michael Saylor Pushes STRC as Lower-Volatility Alternative to BTC and MSTR

Dividend Proposal Puts STRC Payment Design in Focus　　Strategy is also proposing a change to STRCs dividend schedule. Instead of one monthly payment, the company wants to pay twice a month, on the 15th and at the end of the month. The annual dividend amount would not change. Each payment would be smaller, but payments would arrive more often. That proposal targets trading behavior around dividend dates. Strategy said the shift is designed to stabilize price, dampen cyclicality, drive , and grow demand. If approved, the new cadence would begin with a June 30 record date and a July 15 payment date. Nasdaq timing rules limit how frequently payments can be made.　　Saylor wrote:　　“STRC is a passenger jet. is a fighter jet. MSTR is a rocket ship.”　　The company‘s live dashboard shows holdings of 818,334 , representing about 3.9% of bitcoin’s fixed 21 million supply. That BTC reserve sits behind Saylor‘s broader STRC pitch around income, liquidity, and preferred equity financing. His posts separate STRC from BTC and MSTR by presenting it as the credit layer inside Strategy’s BTC-centered capital structure.

05-11Industry

Cerebras Systems raises IPO price range amid massive oversubscription for AI chipmaker

Tech　　Cerebras Systems raises IPO price range amid massive oversubscription for AI chipmaker　　Cerebras Systems, the AI chipmaker that has spent years positioning itself as the anti-Nvidia, is finding out just how hungry Wall Street is for that pitch. The company has raised its IPO price range due to overwhelming investor demand, with the offering reportedly oversubscribed by more than 20 times.　　Orders have exceeded $10 billion for the deal, which originally targeted a price range of $115 to $125 per share. That range was bumped to $125 to $135 as of May 8, with strong indications that pricing could climb even higher before shares begin trading on Nasdaq under the ticker CBRS.　　The numbers behind the frenzy　　Cerebras plans to sell 28 million shares, aiming to raise up to $3.5 billion in what would be one of the largest tech IPOs in recent memory. To put that in perspective, the company is trying to raise roughly the same amount that Arm Holdings pulled in during its blockbuster 2023 listing.　　The company has also secured an $850 million credit facility, capital earmarked for expanding its data center footprint and deepening partnerships with major AI players.　　Those partnerships are a key part of the bull case. Cerebras has

05-11Industry

Federal Reserves Jerome Powell defends central bank independence amid Trump pressure

Tech　　Federal Reserves Jerome Powell defends central bank independence amid Trump pressure　　Jerome Powell isn‘t going quietly. The Federal Reserve chair, whose term atop the central bank expires on May 15, 2026, intends to remain on the Fed’s Board of Governors until at least 2028. Its a deliberate act of institutional defiance aimed squarely at President Donald Trump, who has spent the better part of two administrations trying to bend the Fed to his will.　　The Powell-Trump conflict, explained　　During Trump‘s first term, the president openly lambasted Powell for refusing to slash interest rates aggressively enough. Trump has since threatened to fire Powell outright and initiated Department of Justice probes targeting the Fed’s leadership. Those efforts culminated in an 8-4 split decision on interest rates in early 2026, a vote that revealed deep fractures within the central bank itself.　　The conflict has now reached the Supreme Court. The justices are currently hearing a case concerning the dismissal of Fed Governor Lisa Cook, with Powell himself participating in the legal defense of the Feds autonomy. The outcome of that case could redefine the legal boundaries of presidential power over independent agencies.　　Powells decision to stay on the board past his chairmanship means he retains a vote on

05-11Industry

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