Latest Crypto News & Market Updates

Ethereum Bears Target $1,800 ETH Price: Here Is Why

Ethereum　　Ethereum Bears Target $1,800 ETH Price: Here Is Why　　Bitcoin Ethereum News　　Ethers (ETH) price has retraced by over 5.6% to $2,275 after being rejected by resistance at $2,400. Now, multiple data points suggest ETH/USD may drop below $2,000.　　Key takeaways:Low network activity signals declining usage and reduced onchain demand for ETH.Coinbase Premium remains negative as spot Ethereum ETF outflows returned, reflecting strong US-driven sell pressure.Ethers falling wedge pattern targets $1,830.　　Ethers total value locked hits 12-month lows　　Ethereums network fundamentals are weakening, with weekly average transactions dropping by 10% to 4.79 million, per data from Nansen. Active addresses dropped by 8% to 2.5 million over the same period.　　Network fees also dropped by approximately 27%, leading to a 47% reduction in onchain revenue over the last seven days.　　Additional data from DefiLlama that the weekly DEX volumes dropped to $1.64 billion on May 8, a 46% drop over the last three weeks.　　Low transaction count, a drop in active addresses and declining DEX volumes reflect reduced ecosystem usage. As a result, the total value locked (TVL) in Ethereums DeFi protocols has dropped to $124.7 billion, levels last seen in May 2025.　　This subdued network activity signals weak user conviction, affecting Ethers ability to sustain upside price momentum.　　Ethers exit

05-09Ethereum

Jobs report gives markets a reason to exhale

Wall Street was bracing for a gut punch. It got a pleasant surprise instead.　　Aprils nonfarm payrolls landed at 115K new jobs, nearly double the 55K that economists had penciled in. In a market climate defined by tariff anxiety and rising fuel costs, “not as bad as feared” was more than enough to spark a Friday rally across both equities and digital assets.　　The numbers that matter　　The headline figure tells most of the story. 115K jobs added in April versus consensus expectations of 55K. Thats not a blockbuster number by historical standards, but context is everything. Markets had spent the week pricing in a potential disaster scenario, and the actual data came in looking downright healthy by comparison.　　Unemployment held steady at 4.3%, a figure that would have seemed unremarkable six months ago but now carries extra weight. Tariff headwinds and soaring fuel costs had economists worried about cracks forming in the labor market. Those cracks didnt show up, at least not yet.　　The reaction across crypto was measured but positive. Bitcoin held near $80K, down a modest 0.3% over 24 hours but up 2.1% on the week. Ethereum traded around $2,300, slipping 0.8% on the day. Solana edged toward $89 with a 0.7%

05-09Industry

USD: Inflation pressures stay firm – Wells Fargo

Wells Fargo Economics expects April U.S. CPI to firm, with headline inflation rising toward 3.8% year-over-year and core near 2.9%. The team projects a 0.63% monthly gain in headline CPI and 0.50% in core, driven by energy spillovers and core services, while shelter inflation is seen cooling again later this year.　　Core and headline CPI seen elevated　　“Aprils CPI report will be more interesting than usual. The ongoing conflict in the Middle East has kept energy prices elevated, which will start to generate more obvious spillovers into other areas of inflation. We estimate headline CPI to rise 0.63% over the month, lifting the year-over-year pace to 3.8%.”　　“Excluding food and energy, we look for core CPI to increase 0.50% in April and 2.9% on a year-ago basis. The monthly pop is expected to be driven by core services, where strength will be partly—but not entirely—a mirage. The unwinding of a government shutdown-related survey quirk is expected to lead primary shelter to increase at twice its recent pace.”　　“We expect shelter inflation to quickly resume its moderation in May though, as real-time rent measures point to further softening. Excluding shelter, services should be genuinely hot thanks to higher jet fuel costs leading to a jump

05-09Industry

SEC Targets Onchain Trading Rules and Crypto Vault Oversight

Securities and Exchange Commission (SEC) Chairman Paul S. Atkins on May 8 outlined a potential new phase of SEC rulemaking tied to onchain financial markets, pointing to possible proposals covering onchain trading systems, broker-dealer activity, clearing functions, and vaults. Speaking at the Special Competitive Studies Project AI+ Expo in Washington, Atkins indicated the SEC is evaluating whether existing securities frameworks adequately address blockchain-based financial infrastructure.　　Rather than treating decentralized systems as isolated products, Atkins framed many onchain platforms as integrated financial architectures that combine execution, collateral management, routing, settlement, and automated trading strategies within a single protocol. He noted the Commission may consider a limited innovation pathway in the near term while also pursuing notice-and-comment rulemaking tied to how the “exchange” definition applies to onchain trading systems. Atkins stated:　　“As the Commission considers these policy initiatives, we should remember that onchain market structures today are often hybrid in nature, combining elements of what are often referred to as ‘traditional’ and ‘decentralized’ finance.”　　The remarks also suggested the SEC may move away from applying rigid category-based interpretations to activity. Atkins indicated the agency should further examine how broker and dealer definitions apply to onchain markets, including software interfaces that facilitate decentralized financial activity. He

05-09Industry

US Spot Bitcoin ETFs Break $1.7B Inflow Streak as BTC Drops Below $80K

According to Farside, the top two funds in terms of outflows were the Fidelity Wise Origin Bitcoin Fund (FBTC) with $129 million and BlackRocks iShares Bitcoin Trust ETF (IBIT) with $98 million. In the midst of increased Bitcoin volatility, there was a dramatic shift in the flows into Bitcoin ETFs. On Wednesday, Bitcoin soared above $82,000, but the next day, it dropped below the crucial $80,000 mark.　　Mixed Investor Sentiment　　On Thursday, the first spot Bitcoin ETF established by a US bank, Morgan Stanley Bitcoin Trust ETF (MSBT), had modest inflows of $7.3 million. Farside reports that since the funds introduction on April 8, 2026, there has been zero days of outflows.　　With a 557% increase in client assets retained since debut, MSBT has amassed 2,920 BTC, valued at around $232.6 million. In addition to its flagship product, the Grayscale Bitcoin Trust (GBTC), the low-cost spot Bitcoin ETF known as the Grayscale Bitcoin Mini Trust ETF (BTC) was the only other Bitcoin fund to get inflows that day.　　The 21Shares Canton Network ETF (TCAN), the first US-listed ETF to provide direct exposure to Canton Coin, the native utility token of the Canton Network, debuted on the Nasdaq with the Bitcoin ETF today.　　After momentarily regaining

05-09Industry

U.S. SEC Mulls New Securities Rules for On-chain Financial Markets

The U.S. Securities and Exchange Commission (SEC) Chair, Paul Atkins, has revealed areas that the Commission is likely to consider for new rulemaking on on-chain markets. This comes as the crypto market awaits regulatory clarity through the CLARITY Act, with a markup of the crypto bill likely next week.　　SEC Weighs New Rules For On-chain Markets　　In on-chain markets. Firstly, he stated that he anticipates the Commission will consider a limited innovation pathway in the near future for on-chain trading systems.　　Furthermore, the SEC chair opined that they should consider what a future-proofed framework might look like, one that addresses the “exchange” definition as it relates to these systems. Secondly, Atkins stated that they should further consider how the broker-dealer definitions and the associated regulatory framework apply to these activities.　　He added that they could do this by addressing some of the issues raised in a recent staff statement on software interfaces. Atkins added that this policy may also involve notice-and-comment exemptive rulemaking.　　As CoinGape reported, the staff statement had provided a pathway for DeFi platforms to operate without broker-dealer registration. Specifically, it relates to Covered User Interfaces, which market participants typically use to carry out transactions involving crypto asset securities.　　On Clearing Agency And Crypto

05-09Industry

Revolut turns Bitcoin into a UX horror show with a two‑cent “flash crash” that never happened

Revolut briefly showed Bitcoin trading near zero for some users while every major exchange and index still had BTC around $79,000.Revolut briefly showed Bitcoin trading at near-zero levels for some users, even as every major exchange and index provider had BTC around $79,000.The anomaly appears isolated to Revoluts pricing and display stack, raising hard questions about how neobanks source liquidity, route orders, and protect clients from internal misfires.At Revolut‘s scale — 70 million users, over $1 trillion in annual volume — this isn’t a meme; its a structural warning about app-layer infrastructure in a market that trades 24/7.　　For a short window on Friday, some Revolut users opened the app and saw Bitcoin (BTC) trading for cents. Not hundreds of dollars. Not even four‑figure crash levels. Literally around $0.02 by their screenshots, while the broader market had BTC near $79,000.　　What actually broke at Revolut　　Revoluts own BTC page glitched hard enough that its one-day chart briefly marked price around £29,414 before snapping back toward £58,600 — a roughly 50% intraday hole on that internal feed, on a day when external markets were completely calm. CoinGecko, CoinMarketCap, and every major exchange ticked through the period without any such wick.　　CoinDesk reported that it could

05-09Industry

XRP B-Wave Bounce Is a Lie. Here Is What the Chart Is Actually Saying.

XRP has not broken anything yet. That is the problem.　　Trading near $1.38, the token has spent weeks grinding between levels that do not resolve into a trend. Bitcoin delivered its B-wave rallies already. XRP is still deciding.　　Trapped and Going Nowhere　　According to MCOGlobalES on X, Ripple remains rangebound while Bitcoin has already printed stronger corrective bounces on higher timeframes. The structure, per that read, still looks corrective. Not bullish.　　The heatmap from CoinAnk tells a similar story. Price pushed toward $1.54 on May 6 then rejected sharply. The brightest liquidity band on the chart sits right at the range lows. That is where leverage concentrates. That is also where the hurt lands first.　　MCOGlobalES flags the local range between $1.22 and $1.55 as the key containment zone. As long as XRP stays inside it, the corrective label holds. The weekly candlesticks show overlapping bars since early 2026. No clean impulse. Just chop.　　A Slight Drop Wipes Them Out　　CW8900 on X put it plainly. A slight further decline would liquidate most high-leverage long positions sitting in the market right now. Not a crash. Not a meltdown. A nudge.　　Source: CW8900　　The XRP ETF analysis from earlier this week noted the token was holding near $1.40 support with

05-09Industry

Is ONDO’s rally a relief move? Analyzing the critical $0.41 Fibonacci supply zone

Ondo [ONDO] has been on a bullish tear recently. The DTCC news spurred the altcoin to break highs not seen in almost three months.　　Recently, Ondo Finance, working with JPMorgans Kinexys, Mastercard, and Ripple, was reported to have completed a near-real-time cross-border redemption of OUSG. This test transaction was settled within five seconds and occurred outside traditional banking windows.　　Ondo Finance and the others were laying the groundwork for a 24/7 market, and this news also boosted the sentiment around the altcoin.　　The Bitcoin [BTC] pullback from $82.8k has seen many altcoins take a step backward in recent days, but ONDO continued to trend higher.　　Can the bulls flip $0.413 to support and set new highs, or will this rally falter soon？　　Exploring the bearish long-term ONDO view　　In a recent report, AMBCrypto noted that the swing structure of ONDO was bearish on the 1-day timeframe. The $0.413 level was the 78.6% Fibonacci retracement level and could still yield a bearish price reaction.　　Source: ONDO/USDT on TradingView　　As things stand, this view remains possible. The CMF and A/D indicators signaled strong buying pressure since the breakout past the local resistance at $0.28. The upward momentum has not stalled yet.　　Source: ONDO/USDT on TradingView　　The momentum indicators did not signal a

05-09Industry

Trump’s 10% Intel (INTC) Stake Gains $47 Billion After Apple Chip Deal

Intel Corporation (INTC) Stock Performance.　　“Thats a gain of +$47.6 BILLION in less than 8 months. Truly unprecedented,” analysts at the Kobeissi Letter commented.　　Why the Apple deal matters for Intel　　The Wall Street Journal first reported the deal, the first time Apple has agreed to use Intel for production silicon. Apple has historically depended on Taiwan Semiconductor Manufacturing Company for its custom chips.　　Commerce Secretary Howard Lutnick had met repeatedly with CEO Tim Cook to push the partnership forward.　　BREAKING: Apple $AAPL and Intel $INTC have reached a preliminary agreement for Intel to manufacture chips for Apple devices, per WSJ.　　Trump administration pushed for the deal. Commerce Secretary Lutnick met repeatedly with Tim Cook over the past year.　　Intels foundry business has spent more than a year searching for an anchor customer. Microsoft signed on for the 18A process earlier this year.　　April 2026 was Intels strongest month on record with a 114% gain. The Apple deal adds another major customer to a foundry roadmap once viewed as struggling. It feeds the broader push to onshore semiconductor manufacturing.　　The $47.6 billion gain remains on paper. Any sale will hinge on market conditions. It also depends on political appetite for booking a profit on what was framed as industrial

05-09Industry

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