Latest Crypto News & Market Updates

Fomoin Partners with Catto Verse to Advance AI-Powered Web3 Innovation

Fomoin, a famous Web3 launchpad, has collaborated with Catto Verse, a feline-themed decentralized AI platform for Web3 market intelligence and automation. The partnership aims to incorporate AI-led crypto instruments and enhance consumer experiences across both networks. As per Fomoins official X announcement, the development will shortly unveil unique integrations, utility-led developments, community campaigns, and new integrations. Additionally, the move underscores the rising convergence of blockchain technology and AI within the wider Web3 market.　　Catto Verse and Fomoin Partner to Broaden Web3 Innovation with AI Integration　　The partnership between Catto Verse and Fomoin denotes a key step toward unveiling unique opportunities for the communities of both entities. This takes into account the integration of AI-powered crypto instruments to streamline the user experience. So, the development is poised to drive solid engagement along with broadening the practical use cases of AI-led blockchain solutions. Amid the intensifying competition across the Web3 world, partnerships dealing with intuitive systems and automation are playing a key role in advancing growth strategies focusing on crypto-centered projects.　　Apart from that, Catto Verse has reportedly gained wider attention within the crypto landscape, with a focus on AI integration. The platform reportedly has an ecosystem of twelve interlinked feline AI agents. Each of

05-08Industry

Crypto News: BNY Mellon⁠ Brings Bitcoin, Ethereum Custody to Abu Dhabi

With this partnership, the financial giant intends to develop a regulated digital asset infrastructure in Abu Dhabi. The initiative plans to operate through Abu Dhabi Global Market (ADGM). ADGM is the emirates financial free zone that has quickly become a leading destination for crypto companies and blockchain projects entering the Middle East.　　Commenting on the crypto news, BNYs Hani Kablawi noted, “The UAE is entering a new phase of financial development, characterized by deeper markets, greater digital sophistication and stronger global connectivity.” He added that the move intends to “connect traditional and digital financial ecosystems.”　　Begins with BTC and ETH, Expands to Stablecoins and Tokenization　　As per the crypto news, BNY Mellons digital asset initiative in Abu Dhabi will begin with Bitcoin crypto and Ethereum. This means the bank will initially provide custody services for major cryptocurrencies such as BTC and ETH. Thus, institutional clients can securely store and manage their cryptos through a regulated infrastructure backed by BNY Mellon and its local partners.　　Interestingly, the bank also revealed that it plans to gradually expand the offering beyond cryptocurrencies. It aims to expand into areas like stablecoins and tokenized assets. This reflects the growing demand for blockchain-based financial products.　　The plan comes as more institutions

05-08Industry

Bithumb, SSI Digital Target Vietnam’s Tight Crypto Pilot

Competition for licenses is already intensifying. A Finance Ministry document cited by Reuters in March said five firms, including affiliates of private banks Techcombank, VPBank and LPBank, along with broker VIX Securities and conglomerate Sun Group, have already cleared an initial qualification round.　　One of the most advanced bids is VPBank-linked CAEX, which secured backing from OKX Ventures and HashKey Capital in April to help meet Vietnam‘s minimum charter capital threshold for the pilot. Bithumb’s Vietnamese partner, SSI Securities, is one of the countrys largest brokers and set up SSI Digital Technology JSC to spearhead its push into digital assets in 2022. Vietnam was ranked fourth in global crypto adoption in 2025 by blockchain forensics firm Chainalysis.　　According to Bithumbs press statement, the company and SSID plan to collaborate across exchange technology, wallet and custody systems, security and risk management, regulatory support and institutional business development. No timeline has been given for a formal license application or final investment decision, and Vietnam has not yet approved any fully licensed crypto exchange under the pilot.　　Cointelegraph reached out to Bithumb for comment but had not received a response by publication.　　Korea headwinds raise stakes　　The expansion plan comes as Bithumb faces heightened scrutiny in its home

05-08Industry

Ethereum News: ETH Stalls at $2,400 as Altcoin Correlation Hits

ETH USD has been unable to clear $2,400 for three consecutive months, logging a year-to-date loss of -21% against an -11% decline in total crypto market cap, underperformance that places Ethereum news squarely in focus for institutional holders reassessing the assets trajectory.　　The stall has coincided with ETH‘s 90-day price correlation with top-cap altcoins reaching 0.85 in early May 2025, per data tracked by CryptoRank, the highest reading since November 2024’s bear-market lows.　　The ETH price analysis here is structurally more complex than a simple resistance failure. When ETHs correlation with assets like SOL and LINK compresses this tightly, it signals that the market is not differentiating on fundamentals; it is pricing altcoins as a monolithic risk basket.　　The question that framing raises is whether the correlation peak represents a temporary ceiling imposed by macro conditions, or a structural condition embedded in how capital is currently rotating through the digital asset complex.　　(SOURCE: TradingView)　　RELATED: Ethereum Open Interest Jumps 26% as Traders Return to ETH　　Ethereum News: Can ETH Break $2,400 or Will it Breakdown Once More？　　The mechanism operates as follows: when ETH‘s correlation with the broader altcoin market rises, individual asset price discovery fails. Capital isn’t rotating from Bitcoin to Ethereum and then down to

05-08Ethereum

Ethereum price prediction: ETH holds near $2,350 as markets eye grind higher into 2026

Ethereum is trading around $2,350 today with a live market cap near $281 billion and more than $20 billion in 24‑hour volume, sitting far below its $4,955 all‑time high but well above the sub‑$1,000 lows of the last bear market.Ethereum is trading around $2,350 today, with a live market cap near $281 billion and 24-hour volume above $10 billion.Most models cluster 2026 expectations in a $2,200–$3,000 band, with base-case targets around $2,750–$2,800 by year-end.Forecast dispersion is wide, however, with long-term institutional scenarios still pointing to $4,000–$7,000-plus if ETF flows and on-chain usage accelerate.　　Ethereum (ETH) is changing hands near $2,350 on May 7, 2026, with CoinMarketCap putting the live price at about $2,349 per ETH and a 24-hour decline of roughly 2.5%. That level gives ETH a market capitalization of about $281.5 billion, securing its position as the second-largest crypto asset behind bitcoin, with a circulating supply just over 120 million ETH. Data compiled by eToro similarly shows a spot price of $2,352.96, a market cap of roughly $283.8 billion and a 24-hour trading volume of $22.8 billion, underlining the assets deep liquidity and still-central role in the broader ecosystem.　　ETH price today and market snapshot　　Historical prints from Yahoo Finance indicate that

05-08Ethereum

Ethereum Price Prediction: ETH Faces Key $2,400 Breakout Test

Ethereum is stuck between short-term weakness and a larger bullish setup, as ETH failed again near $2,400 while another chart points to a possible long-term move toward $4,900 and $8,300. The next move now depends on whether buyers can reclaim resistance or whether weak spot demand pushes ETH back toward support.　　Ethereum Price Fails at $2,400 as Weak Spot Demand Keeps ETH Under Pressure　　Ethereum failed again to hold above the $2,400 level, keeping ETH price under pressure on the daily chart shared by Ted on X.　　The ETH/USDT chart shows Ethereum trading near $2,336 after another rejection around the $2,400 resistance zone. The level has acted as a key barrier since April, with buyers failing several times to turn it into support.　　Ethereum Price Resistance Chart. Source:　　The chart shows the main resistance area between about $2,400 and $2,430. ETH needs a clean daily close above that zone to open the way toward the next marked level near $2,624. If buyers push price above that line, the chart points to a possible move toward the $2,740 to $2,800 area.　　However, Ted said spot demand remains weak. That matters because weak spot buying often limits follow-through after short rallies. In this case, Ethereum moved higher from

05-08Ethereum

Ethereum Nears Critical Breakout Point as Analyst Eyes $1.6K or $4.8K Move

A sustained move above realized price could shift market behavior by returning a large portion of holders to profit.　　;　　}　　function loadTrinityPlayer(targetWrapper, theme,extras=“”) {　　cleanupPlayer(targetWrapper); // Always clean first ✅　　targetWrapper.classList.add(‘played’);　　// Create script　　const scriptEl = document.createElement(“script”);　　scriptEl.setAttribute(“fetchpriority”, “high”);　　scriptEl.setAttribute(“charset”, “UTF-8”);　　const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/？themeAppearance=${theme}${extras}`);　　scriptURL.searchParams.set(“pageURL”, window.location.href1);　　scriptEl.src = scriptURL.toString();　　// Insert player　　const placeholder = targetWrapper.querySelector(“.add-before-this”);　　placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);　　}　　function getTheme() {　　return document.body.classList.contains(“dark”) ？ “dark” : “light”;　　}　　// Initial Load for Desktop　　if (window.innerWidth 768) {　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),　　});　　}　　}　　// Mobile Button Click　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),　　});　　}　　function reInitButton(container,html){　　container.innerHTML = + html;　　}　　// Theme switcher　　const destroyButton = document.getElementById(“checkbox”);　　if (destroyButton) {　　destroyButton.addEventListener(“click”, () = {　　setTimeout(() = {　　const theme = getTheme();　　if (window.innerWidth 768) {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if(desktopWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(desktopWrapper, theme,　　}else{　　reInitButton(desktopWrapper,‘’)　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,‘　　});　　}　　}　　} else {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if(mobileWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(mobileWrapper, theme,　　}else{　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,　　});　　}　　}　　}　　}, 100);　　});　　}　　})();　　Ethereum (ETH) is sitting at a crossroads that, according to a popular analyst, could define the next major chapter for the second-largest cryptocurrency.　　That call landed as the asset slipped almost 4% in 24 hours, failing at the $2,400 range while facing growing pressure from short sellers betting against a near-term

05-08Ethereum

Stacks Price Jumps as Chart Structure Turns Bullish: Can STX Price Escape $0.3000?

Tech　　Stacks Price Jumps as Chart Structure Turns Bullish: Can STX Price Escape $0.3000？　　The post Stacks Price Jumps as Chart Structure Turns Bullish: Can STX Price Escape $0.3000？ appeared first on Coinpedia Fintech News　　Stacks price is showing renewed bullish momentum after rebounding sharply from a multi-month support zone, with STX price attempting to build a larger recovery structure following weeks of sideways consolidation.　　The recovery comes as Bitcoin trades near local highs again, helping capital rotate back into Bitcoin ecosystem tokens. STX price reacted strongly, surging from the $0.22 support base and briefly pushing above $0.26 as traders rushed back into the market. The latest move is particularly important because it comes after months of sustained downside pressure, with technical structure now beginning to shift in favor of bulls for the first time since early 2026.　　STX Derivatives Data Hints at Short Covering　　Futures market positioning is also beginning to strengthen the bullish case for Stacks price. According to CoinGlass data, STX futures volume currently stands near $134 million, while open interest remains above $31 million despite recent market volatility. Although both metrics declined over the past 24 hours, long positioning among top traders continues to dominate.　　Binance top trader long/short ratio climbed to 1.50,

05-08Industry

Gate rolls out localized fiat on-ramps in CIS, chasing ~$650M in daily volume

Gate has rolled out localized fiat on‑ramps for selected CIS countries, letting users fund Gate accounts in domestic currencies and move into mainstream crypto without cross‑border friction.Gate has launched a localized fiat “recharge” (on‑ramp) channel for selected CIS countries to make it easier for local users to buy mainstream crypto with their domestic currencies.The move targets a regional market where daily crypto trading volume is estimated around $650 million and the active user base is in the millions, sharply increasing demand for convenient, compliant funding rails.The new channel supports real‑time bank transfers, bank cards, and other local payment methods with full local‑language UI, support, and docs, aiming to cut costs and delays versus traditional cross‑border transfers and to link fiat deposit directly to crypto asset allocation.　　Gates CIS-focused fiat channel allows users to fund their accounts in local currency and immediately convert into leading crypto assets on the exchange, significantly lowering the practical and psychological barrier to entry for new users. By integrating domestic bank transfers, local card schemes, and other region-specific payment solutions, the platform sidesteps many of the pain points associated with cross-border wires and international card processing, such as high fees, long settlement times, and elevated decline rates.

05-08Industry

Tech optimism bolsters risk appetite

Tech　　Tech optimism bolsters risk appetite　　Optimism over tech earnings continues to lift US markets, while bitcoins recovery goes on, says Chris Beauchamp, Chief Market Analyst at online trading and investing platform IG.　　US and Europe diverge in quiet trading　　While the tech-driven surge has continued, we are once again seeing a divergence between the US and everyone else. Earnings from AMD and TSMC have reinforced the narrative on AI demand, but for Europe that offers less comfort given the smaller weighting of tech across the continent. Faced with ongoing supply disruptions, the US outlook continues to look rosier than that in Europe.　　Bitcoin holds above $80K　　Bitcoins recovery continues to fly under the radar, but this sustained bounce from the February lows marks a distinct change in tone for the cryptocurrency. Inflows are providing much-needed support, while the broader risk-on tone for markets has meant that bitcoin stands a much stronger chance of mounting a push back to $90K.

05-08Industry

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