Latest Crypto News & Market Updates

MegaETH launches MEGA buyback funded by USDm stablecoin revenue

MegaETH has activated a MEGA token buyback program funded entirely by net revenue from its USDm stablecoin, turning Treasury‑backed yield into a standing bid for its “real‑time Ethereum” L2 token after a sharp post‑launch selloff.The MegaETH Foundation has kicked off a MEGA token buyback program, completing its first purchase using all net earnings generated by USDm through the end of April.USDms current supply is about $480 million, and future MEGA buybacks will run programmatically, with size determined by USDm supply and yield on its reserve assets.The foundation stresses that USDm is not issued or operated by MegaETH or MegaLabs, even as its revenue stream becomes a core economic engine for MEGA demand.　　The MegaETH Foundation says its MEGA token buyback plan is now live, with the first repurchase funded entirely by net earnings from USDm accumulated through the end of April. In an announcement on X, the foundation said it had “completed the first MEGA buyback using all net income generated by USDm‘s issuer as of April 30,” framing the move as the start of an ongoing demand loop where the ecosystem’s stablecoin revenue is recycled into the native token.　　MEGA buyback goes live, tied directly to USDm revenues　　Importantly, the foundation reiterated

05-09Industry

Philippine Tycoon Lucio Tan-Backed PNB Holdings May Push Back $930 Million IPO

PNB Holdings—the property arm of tycoon Lucio Tans Philippine National Bank (PNB)— may delay its initial public listing to protect its estimated 56.3 billion pesos ($930 million) valuation from a prolonged equities selloff fueled by the Middle East conflict.　　Pushing back the listing will protect shareholder value amid current market volatility, said Lucio Tan III, the tycoon‘s grandson and chief operating officer of LT Group, PNB’s largest shareholder.　　“The initial plan was to list very, very soon, but due to the issues that were seeing with the market, we may potentially have to push it back,” Tan said in a text message LT Group sent to . “At the end of the day, we want to make sure that we maximize the value of this overall listing and we want to do it in a way where we are able to fully capitalize.”　　PNB spun off its property unit in 2021 and distributed 51% of the shares in PNB Holdings, which owns prime real estate in the Makati central business district in the Philippines and along Manila Bay, to the bank‘s shareholders as dividends. Its planned IPO has been ongoing since then to help boost the bank’s capital and raise funds to develop

05-09Industry

Bitcoin ETFs Reverse Inflows as Bitcoin Falls Below $80K

US-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) snapped a five-day inflow streak totaling nearly $1.7 billion as Bitcoin dipped below $80,000.　　Bitcoin funds logged $277.5 million in outflows on Thursday, marking the first daily outflows in May, according to SoSoValue data.　　The Fidelity Wise Origin Bitcoin Fund (FBTC) led the outflows at $129 million, while BlackRocks iShares Bitcoin Trust ETF (IBIT) followed with $98 million in outflows, according to Farside.　　The sharp reversal in Bitcoin ETF flows came amid heightened Bitcoin volatility. Bitcoin rose above $82,000 on Wednesday before falling below the key $80,000 level the next day.　　Morgan Stanleys Bitcoin ETF remains resilient amid broader outflows　　The Morgan Stanley Bitcoin Trust ETF (MSBT), the first spot Bitcoin ETF launched by a US bank, recorded modest inflows of $7.3 million on Thursday. The fund has not seen a single day of outflows since debut on April 8, 2026, according to Farside.　　MSBT has so far accumulated 2,920 BTC, worth around $232.6 million, growing assets held for its customers by 557% since launch.　　The only other Bitcoin fund to record inflows on the day was the Grayscale Bitcoin Mini Trust ETF (BTC), a low-cost spot Bitcoin ETF offered by Grayscale alongside its Grayscale Bitcoin Trust (GBTC).　　Canton Network ETF

05-09Industry

Retail Investors Are Doubling Down And Fear May Be Driving The Rally

Retail investors are pouring money into the market even as geopolitical risk rises and volatility creeps higher, a divergence that‘s helping fuel the AI‑driven rally. Flows into U.S. equities have remained resilient, with retail traders continuing to buy dips rather than pull back, a pattern strategists highlighted at this week’s NYSE Creator Economy Summit. But beneath the confidence is a deeper question: Whats motivating everyday investors to lean in when the macro signals say caution？　　Markets are rallying despite the ongoing war, and optimism around first-quarter earnings driven — particularly from AI-linked companies — appears to be adding momentum, Reuters reports. Retail investing behavior drives about 20% of total market activity, and retail investors seem to be leaning in rather than pulling back despite macro uncertainty.　　This week, Bilal Little, director of exchange-traded products, invited me to attend the NYSE Creator Economy Summit to learn more about the markets from strategists, analysts and wealth managers, alongside other creators from around the country. The event brought ETF Central‘s education platform to the forefront, a resource built to deliver real-time data, sharp insights and tools for investors navigating an increasingly complex ETF landscape. Six of the industry’s most influential issuers took the stage to

05-09Industry

Re drops LayerZero and goes all-in on Chainlink CCIP for cross-chain transfers

Re, the onchain reinsurance protocol with more than $475 million in total value locked, is migrating from LayerZero to Chainlink CCIP as its exclusive cross-chain infrastructure following an internal review of bridging solutions, according to a Friday statement.　　The switch covers reUSD, the protocols yield-bearing deposit token with a market cap above $160 million, and will govern how that asset travels across every chain it touches.　　The team said that it selected CCIP for its security-first design, including decentralized oracle networks, 16 independent validator nodes, built-in rate-limit protections, and SOC 2 Type 2 compliance.　　CCIP enables reUSD transfers through a lock-and-burn mechanism on the source chain and mint-and-release on the destination chain, validated through Chainlinks decentralized infrastructure.　　“Chainlink has been a foundational technology provider powering Re from the beginning,” Cliff White, Vice President of Engineering for Re, said. “It is an obvious choice to upgrade to Chainlink and secure the expansion of reUSD across chains.”　　Re stated that its infrastructure decisions prioritize security, auditability, and institutional-grade resilience over speed of deployment, particularly for cross-chain operations involving real-world financial exposure.　　“Were excited to support Re as it upgrades to Chainlink CCIP as its exclusive cross-chain infrastructure to expand reUSD across chains. This highlights a broader industry shift

05-09Industry

USD: Fed focus shifts to inflation path – TD Securities

TD Securities‘ FX strategists Jayati Bharadwaj and Howard Du note that stronger United States (US) payrolls produced only a modest reaction in the US Dollar (USD), as markets focus more on inflation than labor data. With the Federal Reserve’s (Fed) 2026 path now tied to the energy shocks pass-through to core prices, they expect choppy USD trading and see near-term downside as elusive without progress in the Middle East.　　Dollar reacts modestly to strong jobs　　“The stronger than expected payrolls report had a modest reaction in the USD. We have flagged that the Fed path for the year now leans much more on how much the energy shock from Q1 will pass through to core inflation, rather than on labor market conditions (as long as they remain stable). This could potentially be why markets are reacting more to the softer wage growth data in the report rather than the stronger headline jobs number.”　　“We have flagged that the Fed path for the year now leans much more on how much the energy shock from Q1 will pass through to core inflation, rather than on labor market conditions (as long as they remain stable). This explains the timid reaction in the FX space, and

05-09Industry

Pi Network price prediction: PI hovers near $0.19 as unlocks and weak demand cap upside

Pi Network (PI) trades around $0.19 with most quant models pinning it in a cramped $0.12–$0.20 band through 2026 as token unlocks, patchy listings and soft demand keep any meaningful upside firmly capped.Pi Network (PI) is trading around $0.19 today, with a live market cap near $1.88 billion and 24‑hour volume of about $25–26 million.Quant models mostly see PI stuck in a $0.12–$0.18 range through 2026, with a base‑case year‑end target around $0.13–$0.18—down modestly from current levels.Recent and upcoming token unlocks, combined with tepid demand and limited exchange access, are keeping a lid on price even as open mainnet and ecosystem promises remain in place.　　Where PI trades today　　Pi Network (PI) is currently changing hands at about $0.1898, according to the Pi Network price page on crypto.news, with 24‑hour volume near $25.47 million and a market capitalization of roughly $1.88 billion. That puts PI at rank 46 by market cap, with a fully diluted valuation of about $2.89 billion based on a 100 billion maximum supply.　　Other trackers line up in the same band. CoinGecko quotes PI at $0.1702 with a 24‑hour volume of around $22.9 million and a 7.7 billion circulating supply figure, implying a market cap closer to $1.31 billion.

05-09Industry

How Big Could The Hantavirus Outbreak Get?

Experts from the World Health Organization have said they expect spread of a deadly and rare hantavirus variant to be “limited” and are insisting a cruise ship outbreak that has killed three people is “not the start of a pandemic”—as British authorities confirm another suspected case linked to the ship. (See the latest hantavirus cruise updates here).　　ANP/AFP via Getty Images　　Key Facts　　WHO officials have said the Andes variant of the hantavirus, which has sickened at least nine people with two more suspected cases discovered Friday, will not cause a global outbreak on the scale of the coronavirus because it spreads very differently.　　This particular strain of the disease, the only one known to be spread person-to-person, requires sustained, close contact to be transmitted, the WHO has said, suggesting casual encounters are extremely unlikely to result in further infections.　　Officials are racing to trace the close contacts of more than two dozen people who disembarked from the cruise ship in the middle of its excursion—before they knew theyd been exposed to a deadly disease—including Americans from Georgia, Arizona, Texas, Virginia and California.　　None of the Americans have shown symptoms, various state health agencies reported, and the Centers for Disease Control and Prevention has said “the

05-09Industry

Memecoin Traders Bet on Hantavirus Hype for Another Crypto Supercycle

Memecoin traders discuss that hantavirus fears could trigger another crypto “supercycle.”A hantavirus-themed token called HANTA gained attention after being verified by Moonshot.WHO officials said the Andes hantavirus spreads very differently from COVID-19.　　Crypto traders are already turning hantavirus headlines into speculative memecoin trades after reports confirmed infections linked to a cruise ship.　　Several users on X openly posted that another global health scare could trigger a fresh “memecoin supercycle” similar to the surge in crypto activity during the COVID-19 era.　　X account tied to the Solana-based trading platform Moonshot claimed the hantavirus outbreak “will spark another memecoin supercycle.” Hours later, Moonshot verified a Pump Fun-created token called HANTA, built around AI-generated images of rats and viruses.　　Nansen CEO Alex Svanevik compared the current market setup to the 2020 pandemic cycle that helped fuel “DeFi summer.” He suggested a new outbreak cycle could create what he called an “agentic summer.”　　Other memecoin traders openly discussed the possibility of pandemic-driven trading volume returning to crypto markets. Some users posted that they hoped their HANTA-themed tokens would “go 100x” if global fear pushed more people online again.　　One trader wrote that “if a pandemic is what it takes to bring traders and volume back, then so be it.” Another

05-09Industry

Ethereum loses 10% of its DeFi market share as rival chains close in

Ethereums share of the total value locked (TVL) in DeFi compressed from 63.5% at the start of 2025 to around 54% as of May 7, hovering near the lowest level recorded since May 2025.　　DefiLlama puts Ethereums current TVL at $45.4 billion, while the chains absorbing share have each staked out a distinct function, such as decentralized exchange (DEX) flow, stablecoin settlement, BTC collateral, consumer onboarding, and perpetuals trading.　　Solana holds 6.66% of DeFi TVL, BNB Chain 6.60%, Bitcoin 6.35%, Tron 6.17%, Base 5.44%, and Hyperliquid 1.81%. That clustering defines that DeFi has moved from a single Ethereum-centered hub into a network of specialized rails.　　A bar chart shows Ethereum holding approximately 54% of DeFi TVL as of May 7, 2026, with six rival chains each holding under 7%.Which chains captured market　　BSC built its position on Binance-linked distribution. In the second quarter of 2025, CoinGecko reported that PancakeSwap volume surged 539.2% quarter-over-quarter to $392.6 billion, accounting for 45% of top-10 DEX volume, with Binance Alpha routing trades directly through PancakeSwap.　　DefiLlama currently shows BSC with $5.55 billion in TVL and $739.6 million in 24-hour DEX volume. Binance has deepened that integration via Alpha Earn, which lets users provide liquidity to PancakeSwap V3 directly from

05-09Ethereum

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