Latest Crypto News & Market Updates

Examining why SUI needs a decisive close above $1.08 to flip bullish

Tech　　Examining why SUI needs a decisive close above $1.08 to flip bullish　　Bitcoin [BTC] was back above the $80k mark to get the weekend off to a bullish start. Many altcoins followed suit and have registered modest gains in the past 24 hours.　　Some, like Sui [SUI], posted double-digit percentage gains and built on the bullish momentum in recent days. The Sui Live event in Miami, hosted by the Sui Foundation, showcased the architecture being built on the chain. It was also a celebration of three years of mainnet.　　On Wednesday, the 6th of May, the CME Group announced that Sui futures were available for trading. Positive developments, bullish short-term market sentiment, and increased speculative interest helped keep the altcoins momentum up.　　SUI is set to break out of a three-month rangeSource: SUI/USDT on TradingView　　Since February, the $1.05 level has been a resistance that SUI bulls have struggled to reclaim as support. The brief breakout in March was followed by a bearish structure shift (orange).　　Technically, this meant that a daily trading session close above $1.08 is needed to flip the structure bullishly. As things stand, this has not happened.　　The OBV did not set remarkable new highs, though the RSI reflected sustained upward momentum in

05-09Industry

How High Is Trump’s 10% Intel Stake After Apple Deal?

Tech　　How High Is Trumps 10% Intel Stake After Apple Deal？　　Intel shares surged on Friday after reports that Apple reached a preliminary agreement with the chipmaker to produce some chips for future devices, lifting the value of the U.S. governments 10% Intel stake acquired under President Donald Trump.　　According to market commentary, the stake was valued at about $8.9 billion when it was acquired in August 2025. After Intels latest rally, that position was estimated at about $56.5 billion, implying a gain of roughly $47.6 billion in less than eight months.　　during Friday trading before paring part of the move. Shares traded above $120, extending a 2026 rally that has taken the stock up more than 240% year to date.　　Source:　　The reported Apple agreement added to investor confidence in Intels foundry strategy, which aims to turn the company into a major contract chip manufacturer for large technology customers.　　Apple Deal Boosts Intel Foundry Case　　The reported agreement between Apple and Intel followed more than a year of talks, according to market reports. The deal would involve Intel manufacturing some chips for Apple devices, although final terms and production details were not immediately disclosed.　　Apple has long relied heavily on Taiwan Semiconductor Manufacturing Company for its custom chips.

05-09Industry

Solana Price Prediction: Bulls Hold the Line as $100 Nears

Tech　　Solana Price Prediction: Bulls Hold the Line as $100 Nears　　Solana stayed above key short term support as analysts pointed to a possible move toward the $100 area. The latest SOL charts show buyers defending the $86 to $88 zone while low time frame traders track the next breakout level.　　Solana Bulls Defend Key Micro Support as SOL Holds Near $88　　Solana traded near $88.45 on the one-hour chart as price continued to test a short-term micro support zone between $86.72 and $88.60, according to the chart shared by More Crypto Online on X.　　The chart shows SOL holding inside that range after its recent move higher from the low $80 area. The main level remains $86.73. As long as buyers defend that price area, the current upside structure stays active.　　SOL Micro Support Region. Source: More Crypto Online on X　　However, a clean break below $86.73 would weaken the short-term bullish setup. In that case, SOL could move toward the next support levels marked near $81.76, $80.08, and $79.07. The chart also shows a wider support area around $75.40 to $77.95.　　For now, SOL has not lost the micro support region. The price remains close to the upper part of the zone, which suggests buyers are

05-09Industry

Zcash surges 110% as Gemini launches ZEC credit card rewards

Tech　　Zcash surges 110% as Gemini launches ZEC credit card rewards　　Zcash has doubled in price over the past 30 days, and the catalyst is something youd find in your wallet, not on a trading terminal. The privacy-focused cryptocurrency surged 110% after Gemini rolled out a dedicated Zcash Edition of its credit card, turning everyday spending into a ZEC accumulation strategy.　　The card, launched on January 29, 2026, offers up to 4% cashback on eligible purchases paid out in ZEC. Gas, dining, and other routine expenses now funnel rewards into one of crypto‘s most established privacy coins. It’s issued by WebBank, available only to US-eligible users, and operates entirely within Geminis regulated framework.　　What the Gemini card actually does　　The Gemini Credit Card: Zcash Edition lets holders earn ZEC rewards across a range of spending categories. The up-to-4% cashback rate is competitive with traditional credit card rewards programs, except instead of airline miles, the rewards sit in an asset with actual price volatility.　　Cardholders who held their ZEC rewards for at least one year have seen an appreciation of 912.2%. If you earned $100 in ZEC cashback and just left it alone for a year, it would have grown to roughly $1,012.　　ZEC now ranks among the

05-09Industry

Zondacrypto (formerly BitBay) Faces Estonia FSA Warning

Estonia‘s Financial Supervision and Resolution Authority (FSA) has issued an investor warning against Zondacrypto, operated by BB Trade Estonia OÜ, for alleged non-compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations. The regulator flagged the exchanges failure to provide a white paper for its “TeamPL” token, a key requirement under MiCA Article 9.　　The FSA stated that crypto issuers are obligated to maintain a white paper on their website for as long as the tokens remain publicly traded. Zondacrypto has yet to publicly respond to the warning.　　Withdrawal Crisis and Missing Funds　　The warning comes at a turbulent time for Zondacrypto, which is already under scrutiny over unresolved withdrawal issues. In April, CEO Przemysław Kral revealed that the exchange could not access a cold wallet containing approximately 4,500 Bitcoin (worth $360 million at the time). Kral blamed the issue on the companys founder and former CEO, Sylwester Suszek, who has been missing since 2022 and allegedly never handed over the private keys.　　Kral has denied insolvency rumors, insisting that Zondacrypto will fulfill all customer obligations. However, these assurances have not quelled concerns among users, particularly as Polish authorities opened an investigation into the exchange last month following multiple complaints about frozen withdrawals.　　CEOs Silence

05-09Industry

Connecticut passes sweeping AI regulation law SB5

Connecticut SB5 passed both chambers on May 1 and heads to the governor, making it one of the most comprehensive state AI laws in the US.Connecticut SB5 passed 131-17 in the House and 32-4 in the Senate on May 1, with Governor Lamont confirming he will sign the bill.The law covers AI companions, synthetic media transparency, automated employment decision tools, and frontier model developers, with staggered effective dates from October 2026.The law takes effect despite the Trump administrations executive order urging states to avoid burdensome AI regulation, making Connecticut the latest state to defy federal pressure.　　Connecticut SB5 passed on May 1, becoming one of the broadest state AI laws in the US. The House voted 131-17 in favor and the Senate passed it 32-4, with bipartisan support in both chambers. Governor Ned Lamont confirmed he will sign the bill, which is now formally titled the Connecticut Artificial Intelligence Responsibility and Transparency Act.　　The law covers AI companions, automated employment decision tools, synthetic media provenance, and frontier model developers above defined thresholds.　　First effective date is October 1, 2026. Most provisions become enforceable exclusively by the state Attorney General as unfair or deceptive trade practices, with no private right of action.　　What the law

05-09Industry

Dogecoin Price Prediction: DOGE Bulls Defend Key Recovery

Tech　　Dogecoin Price Prediction: DOGE Bulls Defend Key Recovery　　Dogecoin is trading at a key point as two charts show both downside risk and a still active recovery setup. DOGE must clear the $0.118 resistance area to strengthen momentum, while the $0.07 to $0.10 zone remains important if selling pressure returns.　　Dogecoin Chart Warns of Deeper Drop as DOGE Tests Long Term Channel　　Dogecoin showed a bearish higher time frame setup on the three week chart, according to a TradingView chart shared by Crypto Patel on X.　　The chart places DOGE inside a long term descending channel that has shaped price action since earlier market cycles. Each major rejection near the upper channel area led to deeper pullbacks, and the latest setup again shows price near resistance.　　DOGE Long Term Descending Channel. Source:　　DOGE also faced a strong rejection zone near the $0.08 to $0.10 area on the chart. The analyst marked this region as important because price failed to break cleanly above it during the latest move.　　The chart also points to a possible move lower before any larger recovery attempt. Crypto Patel marked the $0.10 to $0.07 area as an accumulation zone, suggesting that this range could become important if selling pressure continues.　　However, the same chart

05-09Industry

MiCA Decoded: We Have an EU Office Is Not Enough: Heres What Regulators Actually Want to See

Tech　　MiCA Decoded: ‘We Have an EU Office’ Is Not Enough: Heres What Regulators Actually Want to See　　MiCA Decoded is a 12-article weekly series for News, co-authored by LegalBisons Co-Founding and Managing Directors: Aaron Glauberman, Viktor Juskin and Sabir Alijev. LegalBison advises and FinTech companies on MiCA licensing, CASP and VASP applications, and regulatory structuring across Europe and beyond.　　Most founders approaching their first CASP application understand, at least abstractly, that MiCA requires a real EU presence. What they underestimate is how the regulator defines “real.”　　The typical early-stage setup looks coherent on paper: a registered office in a favorable EU jurisdiction, a director named in the governance documents, ICT systems either cloud-hosted or managed from the groups global infrastructure, and paid-in capital sitting in a newly opened bank account.　　From the inside, this feels like an EU company. From a National Competent Authoritys perspective, it may look like a letterbox with a director attached.　　This article maps what MiCAs substance requirements actually demand across personnel, technology, and financial resilience, and explains why regulators treat each category as a functional test rather than a documentation exercise.　　The concern driving all of it is the same: preventing letterbox companies, entities that exist on paper in a favorable

05-09Industry

ETH Price Prediction: $2,400 Bounce Before $2,100 Breakdown Within 14 Days

Market Context: Why ETH is Moving Now　　Ethereum has trapped bulls in a textbook false breakout pattern after failing to hold above $2,346. The 2.80% daily slide reveals the fragility beneath Januarys institutional adoption narrative that drove early 2026 price targets toward $3,357. Trading at $2,271, ETH sits below critical moving averages while funding rates have flipped negative at -0.0010%, signaling that futures traders are finally pricing in downside risk.　　The shift in market structure is undeniable. Where Blockchain.news previously highlighted strong institutional interest during Q1s rally, current positioning shows smart money reducing exposure rather than adding. Network upgrade catalysts that once drove price appreciation appear fully absorbed by current valuations.　　Technical Picture Deteriorates　　The indicator complex reveals a market losing momentum across multiple timeframes. RSI has stalled in neutral territory while MACD momentum has collapsed to zero, showing neither buyers nor sellers have conviction. More concerning is ETHs position within the Bollinger Bands at just 0.20, essentially trading against the lower boundary as selling pressure builds.　　Support at $2,242 offers little comfort given the recent volatility range of $69. Any meaningful selling could penetrate multiple support levels rapidly. The stochastic readings in oversold territory might attract bottom fishers, but in weakening trends, these conditions

05-09Ethereum

Aave Recovers Exploited rsETH Funds as $71M ETH Return Moves Forward

The post Aave Recovers Exploited rsETH Funds as $71M ETH Return Moves Forward appeared first on Coinpedia Fintech News　　Aave says its rsETH recovery process has entered Phase II after major progress in resolving the exploit tied to Aave V3 on Ethereum and Arbitrum.　　According to the protocol, the attackers eight identified Aave V3 positions were successfully liquidated on May 6, with the recovered rsETH collateral transferred to the Recovery Guardian under an Aave DAO-approved proposal.　　At the same time, governance proposals backed by both Mantle DAO and Arbitrum DAO were passed to support the broader DeFi United recovery effort.　　Aave noted that normal users and Umbrella stakers were not impacted during the liquidation process.　　$71 Million Recovery Plan Faces Legal Complications　　A major part of the recovery effort involves the $71 million worth of ETH recovered by Arbitrums Security Council.　　The Arbitrum DAO voted to return the recovered funds to Aave users, but the process was temporarily disrupted after plaintiffs holding judgments against North Korea issued a restraining notice targeting the frozen ETH.　　In response, Aave LLC filed an emergency motion asking the court to vacate the notice. Following a May 6 hearing, the judge approved a proposal allowing the immobilized ETH to be transferred to Aave

05-09Ethereum

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