Latest Crypto News & Market Updates

Mobile wallet zero‑days put SDKs under fire – and highlight the case for isolation

Mobile zero‑days and SDK flaws are shredding wallet trust, pushing serious users toward isolated, multi‑device signing to shrink the blast radius.Microsoft‘s EngageSDK bug and theBinance’s DarkSword iOS exploit show that even “secure” wallets can be gutted by OS and third‑party stack failures.These flaws exposed tens of millions of installations, proving that app‑level audits mean little if the underlying device and SDKs are compromised.Emerging architectures that push keys off the phone entirely, including early-access projects like Lock.com, trade UX friction for a dramatically reduced blast radius.Architectures like Lock.coms isolated signer push keys off the phone entirely, trading UX friction for dramatically reduced catastrophic loss risk.　　The latest wave of mobile vulnerabilities is again exposing how much trust retail users unknowingly place in third‑party software development kits (SDKs) and phone operating systems – and why some security teams are accelerating a shift toward fully isolated signing environments.　　Earlier this month, Microsoft detailed a severe intent‑redirection flaw in EngageLabs EngageSDK, a widely used Android push‑notification library embedded in dozens of financial and crypto wallet apps. The bug allowed malicious apps on the same device to hijack Android intents and bypass the OS sandbox, potentially accessing sensitive data, credentials and transaction information stored inside affected wallets.

05-08Industry

Robinhood CEO Says US 'Very Close' to Passing Crypto Clarity Act

Robinhoods Vlad Tenev revealed the U.S. is on the verge of passing the Crypto Clarity Act, legislation that would establish a formal regulatory framework for digital assets in America for the first time.　　Key Takeaways:Robinhood CEO Vlad Tenev said May 8, 2026, that the U.S. is very close to passing the Crypto Clarity Act.Senator Angela Alsobrooks says the yield issue blocking bitcoin market structure legislation is now resolved.The Crypto Clarity Act would define which digital assets are securities versus commodities in U.S. law.　　Landmark Legislation for Digital Finance　　The co-founder and chief executive of Robinhood said Friday that the U.S. is finalizing the passage of the Crypto Clarity Act, which would provide a clear legal definition of which tokens qualify as securities and which should be treated as commodities.　　The Crypto Clarity Act has been one of the most actively lobbied-for pieces of legislation in the history of the digital asset industry, as for years, crypto companies have operated in regulatory gray zones.　　The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), for instance, have clashed repeatedly over jurisdiction, while individual firms have faced enforcement actions with limited legislative guidance to lean on.　　Resolving the ‘Yield Issue’ and Industry Impact　　Tenevs remarks

05-08Exchange

Perp DEXs still dont work for institutions, consensus panelists explain why

Institutional investors have increasingly gained exposure to bitcoin and other major tokens through ETFs and centralized exchanges.　　However, they have largely stayed away from decentralized exchanges (DEXes) offering perpetual (perp) futures tied to crypto and tradfi assets, panelists said at Consensus Miami, citing security risks and a mismatch between DeFis permissionless design and institutional identity and compliance requirements.　　The session titled “Perp DEX Explosion: Bullish Volumes Michaël van de Poppe, founder and CIO of MN Fund and Michael Anderson of Canary Labs. Jason Atkins, chief commercial officer at liquidity provider Auros, moderated the discussion.　　The discussion focused on perpetual-focused decentralized exchanges and what it would take for them to attract institutional capital and scale up.　　Wizard of SoHo said that institutions are unlikely to move onto perp DEXs easily due to recurring security/exploit risks highlighted by the recent multi-million-dollar hack of Drift, and that the next major competitive battleground for all perp DEXs will be whether any of them can safely onboard institutional capital.　　“How do you convince the big institutional players to go on the perp devs？ I think that‘s going to be the biggest challenge, especially given the exploit on Drift. And, you know, we’ve had a lot of exploits lately,” he said.　　Canary

05-08Industry

X Pushes Deeper Into Trading With Live Cashtag Charts and Prices

Bier‘s announcement quickly drew significant attention from traders already active on the platform for market commentary. The strong engagement highlights growing interest in X’s evolving financial features, which build on the smart cashtags framework now spanning both stocks and crypto.　　The earlier rollout drove an estimated $1 billion in trading volume inside its first 48 hours. Embedded market data appears to convert attention into real transactions.　　Bier Confirms YTD Timeframe Is Coming　　A trader replied to the announcement, asking for a year-to-date chart option. Bier answered with two words.　　“Coming soon,” Bier said on X.　　The exchange points to active iteration on charting tools rather than a one-time feature drop. Year-to-date views are standard on dedicated trading platforms. They let users compare performance against benchmarks without leaving X.　　X Pushes Deeper Into Native Trading　　The cashtag overhaul fits a wider strategy that turns the social feed into a trading surface. X has already tested in-feed trading and rolled out a crypto trading terminal tied to Smart Cashtags.　　The push aligns with Musks broader “everything app” vision for X. The platform already includes XChat and the planned X Money wallet built with Visa.　　Live charts inside posts move the platform closer to dedicated apps such as Robinhood and TradingView. On

05-08Industry

Silver price rises on Dollar weakness as markets await NFP report

Finance　　Silver price rises on Dollar weakness as markets await NFP report　　Silver (XAG/USD) extends its bullish momentum on Friday, trading around $80.85 at the time of writing, up 3.15% on the day. The white metal benefits from renewed weakness in the US Dollar (USD), while investors remain cautious amid geopolitical tensions in the Middle East and ahead of the United States (US) Nonfarm Payrolls (NFP) release.　　The US Dollar loses ground despite the latest exchange of attacks between the US and Iran near the Strait of Hormuz. Iran accused Washington of targeting Oil vessels and civilian areas, while the US reported missile and drone attacks against its naval forces. However, US President Donald Trump attempted to reassure markets on Thursday, stating that the ceasefire agreement remains intact.　　The softer USD environment is supporting demand for precious metals, including Silver, as a weaker Greenback makes dollar-denominated assets more attractive for international investors.　　Market participants are now focused on the US April NFP report, scheduled for release later on Friday. Economists expect the US economy to have added 62K jobs in April, significantly below the previous 178K increase recorded in March, while the Unemployment Rate is expected to remain stable at 4.3%. Investors will also closely

05-08Industry

Tether Launches Edge-Based Medical AI Models to Enable Private Medical Intelligence

Tether, the issuer of the top stablecoin “$USDT,” has officially unveiled QVAC MedPsy. QVAC MedPsy is an exclusive group of open-source medical AI models specified for deployment on laptops, smartphones, and the rest of the edge devices. As per Tethers official press release, the development denotes a key step in advancing its wider AI strategy within the QVAC network. Additionally, MedPsy frameworks are focused on the provision of expert-scale healthcare reasoning without any reliance on costly enterprise hardware or cloud servers.　　Tether Launches QVAC MedPsy to Enable Decentralized Medical AI on Edge Devices　　With the launch of QVAC MedPsy, Tether is providing sovereign and decentralized infrastructure for efficient healthcare reasoning with no dependence on capital-intensive enterprise-scale hardware or cloud servers. These lightweight models, compatible with edge devices, including laptops and smartphones, can outcompete the bigger medical AI mechanisms while also maintaining solid privacy protections via completely local inference.　　The launch underscores the growing merger between decentralized technologies and healthcare, while AI institutions are competing to develop effective device-based intelligence solutions. The exclusively introduced QVAC MedPsy lineup takes into account a couple of text-only medical language frameworks, including MedPsy-4B and MedPsy-1.7B. The AI research group of Tether Data points out that these models offer

05-08Industry

Hot air at AWS causes Coinbase outage

Coinbase stopped working for over seven hours on Thursday after hot air in an Amazon data center threw its cloud services into disarray.　　The exchanges users found themselves unable to buy or sell crypto, while order book prices displayed hundreds of dollars larger than rival exchanges Binance and Hyperliquid.　　The cause？ Coinbase blames “increased temperatures in the affected AWS service.”　　Amazon Web Services (AWS), which is one of the largest providers of cloud infrastructure that keeps much of the internet ticking over, claims to have suffered from a “thermal event” in one of its data centers in Northern Virginia.　　The increase in temperature apparently affected its cloud hosting hardware, leading to a loss of power.　　AWS quickly got to work on a solution, and as of this morning said it was “actively working to bring additional cooling system capacity online, which will enable us to recover the remaining affected racks in a controlled and safe manner.”　　Amazon notes that its data centers rely on evaporation cooling, a system that involves filters in its air conditioning units being “dampened” with water, cooling any hot air that comes in and evaporating the water in the process.　　Microsoft uses a similar system to Amazons AWS cooling methods.　　Whatever the fix was

05-08Industry

PROS explodes 48% as Upbit and Bithumb listings ignite demand

Upbit will add Pharos to its KRW, BTC, and USDT markets on May 8, giving Korean traders new spot access to PROS. PROS jumped 47.8% to $0.9457 after Upbit and Bithumb expanded Korean market access.Pharos trading volume rose 209.6% to $28.7 million as listing momentum boosted activity.CoinGecko ranked PROS at #255, with a $127.5 million market cap after the rally.　　The exchange notice said trading support was scheduled for 8:30 p.m. Korea time.　　Deposits and withdrawals are expected to open within one hour and 30 minutes after the notice. Upbit said users must send PROS through the Pharos network only, as deposits through unsupported networks may take longer to return.　　Interestingly, CoinGecko data showed Pharos trading at $0.9457, up 47.8% over 24 hours. The token also gained 45.7% over seven days, placing it above the wider crypto markets daily move.　　Trading activity also increased. CoinGecko placed 24-hour PROS volume at $28.7 million, up 209.6% from the previous day. The token had a market cap of about $127.5 million and ranked #255 on CoinGecko.　　The price move also came as Bithumb added Pharos to its Korean won market. That gave PROS another local listing on the same day and expanded access beyond Upbit　　Early trading limits will

05-08Industry

Agentic by Eigen Event Spotlights AI Verifiability Challenges

Last week, Eigen Labs‘ event brought together builders, founders, and researchers in the Network State community to tackle one of AI’s thorniest issues: creating agents that are not just autonomous but also verifiable and resilient. The event highlighted key challenges in building agentic AI systems and underscored the importance of accountability in an increasingly agent-driven economy.　　AI Workflow Disruptions and the Rise of ‘Vibe Coding’　　The opening session focused on “vibe coding,” a term describing how AI tools like generative models have drastically reduced the time needed to go from concept to execution. Participants discussed the benefits of this acceleration, but also the breaking points in workflows where existing AI tools fail to deliver. Much of the room had months of hands-on experience, making discussions less hypothetical and more grounded in real-world bottlenecks.　　Agent Challenges: Handoffs, Longevity, and Missing Tools　　The conversation then shifted to the nuts and bolts of building autonomous agents. While demos often showcase agents performing well in isolated scenarios, attendees noted that these systems tend to falter over extended workflows due to tool handoff issues and gaps in the emerging “agent stack.” These missing components remain a barrier to deploying agents in production environments, particularly in data-sensitive industries.　　Verifiability: The Elephant

05-08Industry

Gold Price Forecast: XAU/USD Holds Above $4,700 As US Dollar Weakness Persists

Gold prices continued to trade firmly above the $4,700 mark on Wednesday, supported by sustained weakness in the US Dollar and growing expectations that the Federal Reserve may ease monetary policy later this year. The XAU/USD pair has held its ground near multi-month highs, reflecting renewed safe-haven demand amid mixed signals from global equity markets and ongoing geopolitical uncertainties.　　US Dollar Weakness Fuels Golds Rally　　The US Dollar Index (DXY) extended its decline for a third consecutive session, falling below the 101.00 threshold as traders priced in a higher probability of rate cuts by the Fed in the second half of 2025. A weaker dollar makes gold more attractive to international buyers, as the precious metal is priced in USD. The correlation between a falling greenback and rising gold prices has remained strong over the past month, with XAU/USD gaining approximately 6% since mid-March.　　Market participants are closely watching upcoming US economic data, particularly the Personal Consumption Expenditures (PCE) price index due later this week. Any signs of cooling inflation could reinforce the case for a dovish Fed pivot, further boosting golds appeal as a store of value. Conversely, a stronger-than-expected reading might trigger a short-term pullback, but analysts suggest the broader trend

05-08Industry

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