Latest Crypto News & Market Updates

Japan intervened in FX market again during May holidays – Reuters

Citing a source familiar with the matter, Reuters reported on Friday that Japans officials intervened in the foreign exchange market during holidays in early May, after having conducted Japanese Yen-buying operations on April 30.　　The source said: “The intervention since the start of May was timed to coincide with the holiday period, when market liquidity was thin.”　　Reuters calculated the Bank of Japans (BoJ) money market data, which suggests that Japan may have spent as much as JPY5 trillion or $32 billion in the period between May 1 and May 6.　　Meanwhile, the April 30 intervention may have cost around $35 billion, according to the BoJ data.　　Market reaction　　The Japanese Yen (JPY) shows little reaction to the above comments, with USD/JPY holding steady at around 156.90, as of writing.　　Japanese Yen FAQs　　The Japanese Yen (JPY) is one of the world‘s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.　　One of the Bank of Japans mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets

05-08Industry

MATIC Price Prediction: $0.31 Breakdown Likely as Bears Target 18% Downside

MATICs Technical Reality Check　　MATIC is caught in a textbook bearish squeeze that screams downside continuation. Trading dead flat at $0.38 with RSI at 38, the token is clearly in distribution mode as selling pressure builds beneath the surface. The MACD histogram sitting at essentially zero (-0.0000) reveals momentum has completely stalled, but the negative MACD line at -0.0246 confirms the underlying bearish bias remains intact.　　What‘s particularly damaging is MATIC’s position within the Bollinger Bands—sitting at just 0.29 of the band width means it‘s already gravitating toward the lower boundary at $0.31. This isn’t consolidation; its a slow-motion breakdown in progress. The 20-period SMA at $0.43 continues acting as a ceiling, creating a clear rejection zone that bulls have failed to reclaim multiple times.　　Volume & Price Alignment　　The volume story tells everything you need to know about MATICs current weakness. With just $1.07 million in 24-hour Binance spot volume, institutional interest has essentially evaporated. This anemic liquidity creates a perfect storm for volatility spikes, but given the technical setup, those spikes will likely favor the downside.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full MATIC price, calculator & analysis　　More telling is how MATIC

05-08Industry

Japanese Yen gathers strength on reports of FX intervention during May holidays

The USD/JPY pair loses ground to around 156.85 during the Asian session on Friday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) following another intervention by Japanese authorities. Markets might turn cautious later on Friday ahead of the US April employment report.　　Reuters reported on Friday, citing a source familiar with the matter, that Japans officials intervened in the foreign exchange market during holidays in early May after having conducted Japanese yen-buying operations on April 30. The source said: “The intervention since the start of May was timed to coincide with the holiday period, when market liquidity was thin.”　　The potential for further interventions could provide some support to the JPY and act as a headwind for the pair. Japans top foreign exchange official Atsushi Mimura said on Thursday that authorities are prepared to respond on all fronts to speculative moves in the foreign exchange market.　　All eyes will be on the US employment report for April, which is due on Friday. Market consensus estimates 62,000 new jobs in April. This would be a sharp drop from the 178,000 jobs added in March. Furthermore, the Unemployment Rate is projected to remain steady at 4.3%.　　Japanese Yen FAQs　　The Japanese Yen (JPY) is one

05-08Industry

Asian stock markets slump on renewed uncertainty over Middle East conflicts

Finance　　Asian stock markets slump on renewed uncertainty over Middle East conflicts　　Asian equity markets face selling pressure on Friday as risks over the sustainability of the month-long fragile ceasefire between the United States (US) and Iran have increased, following renewed clashes between both nations around the Strait of Hormuz.　　During the press time, Nikkei 225 is down 0.66% to near 62,440, Shanghai slumps over 0.4% at around 4,160, and Hang Seng plunges 1.3% to near 26,280.　　On Thursday, three US Navy destroyers reportedly intercepted Iranian strikes while transiting the strategic waterway and carried out retaliatory attacks, which prompted fears of renewed tensions between both nations.　　However, US President Donald Trump confirmed that a ceasefire with Iran is still intact, while warning that attacks would be obvious if the temporary truce were over, CNN reported.　　Meanwhile, Iran is still reviewing the US one-page memorandum of understanding (MoU), which is a 14-point peace plan, and has not delivered any breakthrough response. The one-page MoU restricts Tehran from pursuing its nuclear ambitions for a longer period and calls for the immediate reopening of the Hormuz.　　Going forward, investors will focus on the US Nonfarm Payrolls (NFP) data for April, which will be released at 12:30 GMT. Investors will closely

05-08Industry

Amazon’s new AI wallet: AWS, Coinbase, and Stripe build payment rails for bots

Amazon Web Services (AWS) rolled out a new payments infrastructure for AI agents on Thursday which is built in partnership with Coinbase and Stripe.　　AWS explained that autonomous software agents will be allowed to buy APIs, web content, MCP servers and other online services in real time using stablecoins. It added, however, that future versions would eventually support larger purchases such as hotel bookings, travel reservations and merchant payments.　　“Amazon Bedrock AgentCore Payments” is designed for AWS described as the emerging “agentic economy”, where AI agents transact independently inside a single execution loop.　　The first version of the system focuses on micropayments, allowing agents to instantly pay for APIs, data feeds, paywalled content and other digital services, often for fractions of a cent, AWS said.　　Bedrock is built on Coinbase‘s x402, the HTTP-native payment protocol for powering agent-to-agent transactions with stablecoins, while Stripe’s Privy wallet is being used as a payment connection.　　“There will soon be more AI agents transacting than humans, and they need money that‘s built for the internet – programmable, always on, and global,” said Brian Foster, Coinbase’s head of infrastructure growth.　　Fosters words echo those of Coinbase founder Brian Armstrong, Binance founder Changpeng Zhao and of Cardano Founder Charles Hoskinson, who agree

05-08Industry

April NFP expected to rise by 62K after strong March surprise

Finance　　April NFP expected to rise by 62K after strong March surprise　　The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for April on Friday at 12:30 GMT.　　Investors will scrutinize the underlying details of the employment report to assess whether the Federal Reserve (Fed) is likely to consider an interest-rate cut later in the year.　　What to expect from the next Nonfarm Payrolls report？　　Investors expect NFP to rise by 62K following the surprisingly strong 178K increase recorded in March. The Unemployment Rate is expected to remain unchanged at 4.3%, while the annual wage inflation, as measured by the change in the Average Hourly Earnings, is projected to rise to 3.8% from 3.5%.　　Previewing the employment report, TD Securities analysts note that they expect to see signs of stabilization in the labor market after three volatile months.　　“NFP likely increased 80K, with 85K private gains and 5K government job losses. Healthcare and leisure it is released by the US Bureau of Labor Statistics (BLS). The monthly changes in payrolls can be extremely volatile. The number is also subject to strong reviews, which can also trigger volatility in the Forex board. Generally speaking, a high reading is seen as bullish

05-08Industry

JPMorgan says Bitcoin is gaining on gold in debasement trade as ETF flows diverge

Bitcoin　　JPMorgan says Bitcoin is gaining on gold in debasement trade as ETF flows diverge　　Bitcoin is taking market share from gold as investors hedge against fiat currency debasement, JPMorgan analysts said in a research note this week. 　　Bitcoin exchange-traded funds have recorded inflows for three consecutive months through May, while gold ETFs are still struggling to recover the outflows that followed the March Iran conflict, according to The Block.　　As Cryptopolitan reported in March, the divergence began with Bitcoin gaining 11% during the early period of the Iran conflict, while gold fell about 5% and the S&P 500 dropped nearly 3%.　　The May update extends that pattern. Gold‘s failure to recover its February-March outflows is what’s making the structural shift visible.　　Strategys buying pace is the demand engine　　Institutional exposure to Bitcoin has expanded sharply through Strategy, the largest corporate Bitcoin holder globally.　　JPMorgan estimated that if Strategy maintains its current accumulation pace, the company could purchase roughly $30 billion worth of Bitcoin in 2026, per The Block.　　That would exceed the roughly $22 billion the company bought in each of 2024 and 2025.　　Strategy has added 145,834 BTC year-to-date, worth roughly $11 billion, with much of the buying happening below its average cost basis of around $75,000.　　Strategy

05-08Industry

CIFMarkets Review 2026: Pros, Cons, and More

The post CIFMarkets Review 2026: Pros, Cons, and More appeared first on Coinpedia Fintech News　　Key HighlightsCFDs Trading on commodities, indices, stocks, and forex pairs.Three account types suitable for different experience levels.Available on both the Web and the Mobile app.　　Choosing a suitable trading platform for your investment needs can be challenging. This is where we are. We will analyze every aspect of it to provide you with an optimal scenario in which it may be your best choice.　　Now lets begin.　　CIFMarkets is a CFD trading provider. They let users guess whether prices will go up or down for financial things, including indices, stocks, and commodities. CIFMarkets works under an African company called ACLIVE WEALTH ADVISORY (PTY) LTD. They have a license number FSP 54857 and are controlled by the Financial Sector Conduct Authority or FSCA.　　Key Features of CIFMarkets　　1. Asset Variety: CIFMarkets lets users trade commodities, indices, stocks, and forex pairs.　　2. Target Audience: Provides scalable tools for experienced traders as well as accessibility for beginners with step-by-step tutorials and the resources they require.　　3. Platforms: Users can trade on their phone with an app or on a computer with a web browser, and they also have special charts from Tradingview to help them with

05-08Industry

ETH Price Prediction: $2,600 Target as Whale Accumulation Signals Bullish Reversal

Market Context: Why ETH is Moving Now　　Ethereum trades at $2,337 after a modest 1.4% decline, displaying strength while broader crypto markets face consolidation pressure. The price action reveals institutional accumulation patterns beneath surface volatility, with open interest dropping 5.26% in 24 hours as weak positions get flushed out.　　Current positioning above key moving averages demonstrates underlying resilience. Blockchain.news analysis shows smart money continues building positions at these levels, creating a foundation for the next directional move. The market structure suggests preparation for significant price action rather than extended sideways movement.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full ETH price, calculator & analysis　　Technical Setup and Momentum Indicators　　Ethereums technical picture shows convergence of multiple bullish signals. RSI sits at 54.91 in neutral territory, providing room for upward momentum without overbought conditions. The MACD histogram at zero indicates equilibrium between buyers and sellers, often preceding explosive moves in either direction.　　Bollinger Band positioning at 0.63 shows price trending toward the upper band without overextension. The middle band support at $2,319 has held firm through recent selling pressure, while immediate resistance at $2,402 represents the critical breakout level. This compressed range between support and resistance creates

05-08Ethereum

Centrifuge up 17% after Coinbase partnership: Will CFG break past $0.30?

Centrifuge [CFG] has gained more than 17% in the past 24 hours, amplifying its multi-week uptrend. The gains over the past seven days have reached 39% with momentum still looking strong.　　As tokenization gains pace, Centrifuge is positioning itself to be a leader in the real-world asset (RWA) sector, especially after Coinbases investment.　　Coinbase tokenizing on Base Chain through Centrifuge　　Centrifuge launched 24/7 trading of the S&P 500 on Base Chain for non-U.S. users. The announcement was made at Consensus 2026 by Base creator Jesse Pollak.　　This news came after Coinbase invested in the Layer 1 blockchain that specializes in bringing traditional finance on-chain. Centrifuge became Coinbases official tokenization infrastructure partner.　　The tokenized S&P 500 in Base will trade under the ticker deSPXA. The product was made available in partnership with S&P Dow Jones Indices, managed by Janus Henderson.　　The tokenized asset market cap is around $30 billion. However, the CEO of Centrifuge, Bhaji Illuminati, believed it would take more than sales to push the TVL of CFG from $1.5 billion to $10 billion, but it was gradually becoming a possibility.　　With regard to this partnership, Bhaji said,　　What matters now isn‘t getting assets onchain, it’s getting the right assets onchain in the right way,　　A look into Centrifuges

05-08Industry

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