Latest Crypto News & Market Updates

Largest Custody Bank BNY Brings Digital Asset Custody Services to UAE

Tech　　Largest Custody Bank BNY Brings Digital Asset Custody Services to UAEThe initiatives first emphasis will be on custody services for cryptocurrencies like bitcoin and ether (ETH).The decision by BNY is indicative of a larger trend among large financial institutions to expand the use of blockchain technology beyond the realm of cryptocurrency trading.　　The world-leading custodian, BNY, which is responsible for the custody of $59 trillion in assets, is extending its digital asset custody operations to the UAE via local partners.　　Regulatory digital asset infrastructure will be established in Abu Dhabi Global Market (ADGM), a financial free zone in Abu Dhabi that has attracted crypto companies and blockchain projects looking to enter the Middle Eastern market, in collaboration with Finstreet and the ADI Foundation, as stated in a press release issued on Thursday.　　According to the press announcement, the initiatives first emphasis will be on custody services for cryptocurrencies like bitcoin and ether (ETH). Later on, it wants to extend its services to include stablecoins and tokenized assets.　　Banking on UAE　　The United Arab Emirates is moving into a new stage of its financial growth, according to Hani Kablawi, executive vice chair at BNY. This stage will be marked by more sophisticated digital infrastructure, more global

05-08Industry

Days From Launch: The MOODENG Community Circles Wadoozies $WADZ With 75% LP Locked

The MOODENG community is days from watching a different memecoin go live. Wadoozie ($WADZ) — an Ethereum-native, narrative-driven memecoin — is on track for a CertiK-audited fair launch on May 27, 2026, and traders who came up through the Moo Deng cycle are circling the launch ahead of the gate closing. With 75% of supply locked in a DAO-governed liquidity pool and a renounced contract already viewable on Etherscan, this is a launch the MOODENG audience should at minimum watch.　　Why Moo Deng holders fair launch interest is concentrating on $WADZ　　It is no secret that memecoin audiences rotate. The MOODENG holder base — a community that watched a single character mobilize a global crowd in 2024 — has, in the months since, learned to read launches more critically than most. The first questions tend to be the same: where is the LP, who controls it, what does the contract say, what does the audit say, and what does the team have left in inventory after launch.　　Wadoozies pre-launch publication answers each one in writing. Seventy-five percent of supply is destined for a locked LP that is governed by the DAO rather than the team. Tax is 0/0 at the contract level. The

05-08Industry

Bitget Launches ‘Scan to Pay’ Feature for USDT Payments at Offline Merchants

Tech　　Bitget Launches ‘Scan to Pay’ Feature for USDT Payments at Offline MerchantsBitget launches “Scan to Pay,” enabling instant USDT payments via QR codes at offline merchants.The feature rolls out in Southeast Asia and Latin America using existing local payment networks.Bitget says the feature helps users spend stablecoins daily without bank transfers or off-ramping.　　Bitget has launched a new “Scan to Pay” feature on Bitget Pay, allowing users to make instant offline payments with USDT by scanning QR codes through the Bitget app.　　The feature is initially rolling out across selected markets in Southeast Asia and Latin America. Notably, these regions are where QR-based payments are already widely used, but access to traditional banking services remains uneven.　　The company said the system works through existing local payment networks, allowing merchants to accept payments without changing their current infrastructure.　　USDT Payments Through QR Codes　　According to Bitget, users can set up a payment PIN, scan a merchants QR code, and complete transactions instantly. The platform handles the USDT conversion and settlement process in the background. This removes the need for manual crypto off-ramping, bank transfers, or separate currency conversions.　　Notably, the payment flow resembles familiar local QR payment systems already common in many emerging markets.　　Tether USDT remains one

05-08Industry

IONQ Stock Forecast: Quantum Revenue Jumps 755% as Demand Surges

Tech　　IONQ Stock Forecast: Quantum Revenue Jumps 755% as Demand Surges　　in early market activity, slipping about 2.4% in early morning despite the company posting explosive first-quarter growth. The pullback follows a strong earnings report that sharply exceeded Wall Street expectations but also reignited investor concerns around profitability and long-term execution.　　Overall, IONQ has been wonderful, with a 22% surge in the last 7 days.　　Quantum Revenue Growth Turns Heads Across Wall Street　　IonQ delivered first-quarter revenue of $64.67 million, crushing analyst estimates of roughly $49.7 million. Even more striking, revenue surged 755% year over year, marking one of the fastest growth rates currently seen in the technology sector.　　The company also reported an adjusted loss of 0.34 per share, slightly better than expectations for a 0.35 loss. While profitability remains elusive, investors focused heavily on the scale of revenue acceleration and expanding commercial demand.　　What fueled the massive jump？ IonQ pointed to growing system sales, rising cloud utilization, and strong demand for its Tempo quantum platform. Commercial customers accounted for nearly 60% of total revenue, while international clients represented about 35%.　　The company also revealed a 554% increase in remaining performance obligations, which climbed to $470 million. That figure gives investors a clearer picture of future contracted

05-08Industry

Can Silver Reclaim Its $121 All-Time High Before May Ends?

Tech　　Can Silver Reclaim Its $121 All-Time High Before May Ends？　　Silver (XAG/USD) trades near $79 after a 3% intraday jump cleared a multi-month resistance shelf, with the dollar simultaneously sliding inside its own falling channel.　　The setup combines a structural pattern, an inverse macro driver weakening in lockstep, and a futures positioning read that hints at a quiet but persistent bullish lean. Whether silver can chase its $121.65 all-time high depends on which signal wins out.　　Silver Builds Continuation Setup After 167% Surge　　Silver surged 167% from its October 2025 low at $45 to an all-time high of $121 in late January. Since that peak, the metal has traded inside a falling channel, a structural pattern bounded by two parallel descending trendlines.　　Falling channels are not always bearish. When they form after an extended rally, they often resolve as continuation patterns. The structure marks a pause before the prior trend resumes.　　Silver Falling Channel Pattern: TradingView　　Todays session pushed silver about 3% higher to roughly $79. The move broke above a multi-month resistance shelf that had capped every prior rally attempt. The resistance shelf is revealed later in this piece. For now, the next hurdle would be the upper trendline of the channel. If that breaks, bullish

05-08Industry

Tether launches on-device medical AI that outperforms Googles models in benchmark tests

Tech　　Tether launches on-device medical AI that outperforms Googles models in benchmark tests　　Tethers AI Research Group has released QVAC MedPsy-1.7B and MedPsy-4B, specialized text-only medical language models built to run directly on low-power devices such as smartphones and wearables.　　According to the team, these models outperform some big medical AI systems, including Googles, on various benchmarks, and perform comparably to much larger systems on medical reasoning and knowledge tasks while maintaining full local execution and privacy.　　Traditional AI systems in healthcare rely on large cloud-hosted models, requiring sensitive data like patient records and diagnostic inputs to be transmitted to external servers, creating privacy and compliance risks. This architecture is increasingly under pressure as the healthcare AI sector is projected to grow from roughly $36 billion today to potentially over $500 billion by 2033.　　Tethers team says QVAC MedPsy challenges the scaling paradigm by focusing on efficiency.　　The 1.7B model is smartphone-friendly. This tiny version scored 62.62 across seven standard medical benchmarks, beating Googles MedGemma-1.5-4B-it by over 11 points despite being less than half its size, according to researchers. It also outperformed MedGemma 27B in real-world clinical tasks like HealthBench Hard.　　The 4B version model hit 70.54 on the same tests, surpassing MedGemma-27B, a model nearly seven

05-08Industry

Record 1.26% of XRP Supply Now Unavailable Due to ETF Rally, Testing the $1.50 Glass Ceiling

Tech　　Record 1.26% of XRP Supply Now Unavailable Due to ETF Rally, Testing the $1.50 ‘Glass Ceiling’　　Net assets (AUM) in U.S. spot XRP ETFs have reached $1.11 billion, meaning funds now control a record 1.26% of the token‘s total market capitalization, according to fresh data from SoSoValue. While market participants remain focused on the “stonewall” $1.5 resistance level that XRP has failed to break for several months, tectonic shifts are taking place in the asset’s ownership structure.　　Despite cumulative ETF inflows reaching $1.32 billion, XRP price continues its prolonged sideways drift inside a range of $1.3-$1.5 for 75 days already, suggesting that ETFs are not moving the price “here and now”.　　Why record $1.1 billion in XRP ETF assets havent triggered the $1.50 breakout yet　　Statistics from November-December 2025 prove this thesis clearly. Even as record inflows accounted for the majority of the current $1.32 billion cumulative volume, XRP price still managed to decline by 27%.　　‘Kind of Sad’: Ripples Schwartz Hesitates to Share Bullish Crypto Views　　Zcash (ZEC) Is Crypto‘s Number One, Toncoin (TON) Dwarfs Solana (SOL), XRP Finally Breaks Key Resistance, but What’s Early: Crypto Market Review　　In this context, the removal of 1.26% of the supply from free circulation effectively creates a launchpad for

05-08Industry

Zcash Price Prediction: Why is ZEC Up 70% This Week?

Tech　　Zcash Price Prediction: Why is ZEC Up 70% This Week？　　Zcash ($ZEC) has emerged as the breakout star of the early May 2026 crypto market. While major assets like $Bitcoin faced resistance near $82,000, ZEC decoupled from the broader market to post gains exceeding 70% within seven days. This explosive move has pushed the privacy-centric token to levels not seen in years, reclaiming its position as a top-tier institutional asset.　　ZCash price in USD over the past weekWhy is Zcash Price UP？　　The primary driver behind the ZEC price surge is a high-profile endorsement and disclosure from Multicoin Capital. The hedge fund revealed a massive long position in Zcash, framing it as a vital hedge against global surveillance and wealth seizure. This institutional validation, combined with a severe short squeeze and a retail boost from a recent Robinhood listing, created a “perfect storm” for price appreciation.　　The Multicoin Catalyst: Privacy as a Macro Hedge　　On May 4, 2026, Tushar Jain, co-founder of Multicoin Capital, disclosed that the firm had been aggressively accumulating ZEC since February. In a widely circulated thesis, Jain argued that Zcash represents the “cleanest” bet on private, seizure-resistant money.Seizure Resistance: As governments globally discuss wealth taxes and digital asset tracking, Zcashs “Shielded

05-08Industry

Datadog (DDOG) Stock Soars 28% After Crossing $1 Billion Revenue Milestone in Q1

Datadog, Inc., DDOG　　Quarterly Performance Showcases Revenue Strength and Solid Cash Generation　　The company delivered first-quarter revenue totaling $1.006 billion, representing a robust 32% increase compared to the same period last year. Operating cash flow for the quarter reached $335 million, demonstrating strong business fundamentals. At the same time, the firm produced $289 million in free cash flow, underscoring consistent operational efficiency.　　DDOG recorded GAAP operating income of $7 million with a corresponding 1% operating margin for the period. On a non-GAAP basis, operating income climbed to $223 million, yielding a 22% non-GAAP operating margin. The company also achieved non-GAAP diluted earnings per share of $0.60 for the quarter.　　As of the end of March, Datadog maintained a solid financial position with $4.8 billion held in cash, cash equivalents, and marketable securities. The enterprise customer segment continued its expansion trajectory throughout the reporting period. Approximately 4,550 customers now contribute annual recurring revenue exceeding $100,000, reflecting 21% growth year-over-year.　　Artificial Intelligence Initiatives Drive Platform Innovation and Security Enhancement　　Datadog substantially accelerated its artificial intelligence strategy through multiple product releases and strategic enterprise partnerships during the quarter. The firm made GPU Monitoring broadly available to address surging demand for AI infrastructure oversight. This capability enables organizations to track

05-08Industry

Bullish Taps Solana To Launch Tokenized BLSH Shares After $4.2B Acquisition

Tech　　Bullish Taps Solana To Launch Tokenized BLSH Shares After $4.2B Acquisition　　After completing its $4.2 billion acquisition of Equiniti, Bullish (NASDAQ:BLSH) has announced it will put its entire equity structure on-chain. The crypto exchange is tapping Solana to tokenize its 151 million shares.　　Bullish CEO Reveals Launching Tokenized BLSH Shares On Solana　　CEO Tom Farley recently made the announcement at the Consensus 2026 stage. In a live demonstration, Farley used Phantom to share wallet tokens with the real person without any intermediaries.　　He was able to perform a live wallet-to-wallet transfer without any intermediaries and spotlighted the utility of the new infrastructure. The exchange has tokenized 151 million shares on the Solana blockchain. It represents one of the most tangible tokenized equity deployments by an exchange listed crypto company so far.　　The Equiniti deal is at the heart of Bullishs expansion into the tokenized securities ecosystem. For context, the London-based transfer agent is the registry and payments processor for nearly 3,000 large public companies.　　It also processes approximately $500 billion in payments annually. Moreover, it has more than 20 million verified shareholders worldwide.　　Thus, Bullish plans to incorporate those features into their current blockchain platform. Bullish aims to expand their ecosystem with capabilities extending from token creation

05-08Industry

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