Latest Crypto News & Market Updates

Ethereum Price Prediction: Whales Buy 230K ETH as Price Holds $2.3K

Technical indicators still support the short-term recovery structure. ETH traded above the 50-, 100-, and 200-period moving averages at $2,315, $2,321, and $2,275, respectively. This alignment reflected continued upward pressure rather than exhaustion.　　Momentum indicators also remained balanced. The Relative Strength Index stood near 59.89, while stochastic readings stayed in the mid-70 range. These levels showed demand remained active without entering extreme overbought conditions.　　At the same time, failure to break resistance would likely keep ETH within its current range. Traders continued watching to see whether buyers could turn the $2,400 area into support before broader momentum develops.　　Retail Selling Challenges Ethereum Price Prediction Setup　　The strongest bearish signal comes from retail-linked supply flows. Wallets holding between 100 and 10,000 ETH sold about 820,000 ETH last week. Over two weeks, that group distributed nearly 1.5 million ETH.　　Ethereum Balance Holder Ratio |Binance Ethereum Futures Power 30D Change | Source: Cryptoquant　　Binance Ethereum Futures Power 30D Change also turned positive at 0.026. The reading sits below the October 2023 early-recovery level of 0.0327. It also remains far below the crowded extremes seen before 44% to 61% pullbacks.　　The broader market also helped the bid. Bitcoin moved toward $82,000, giving ETH crypto traders a stronger macro backdrop. Still, the

05-06Industry

Strategy Could Finally Sell BTC After 5 Years As Losses Reach $12.5B

has opened the door to something many Bitcoin investors never expected: the possibility that Strategy could eventually sell part of its Bitcoin holdings.　　During a discussion with investors following the companys first-quarter earnings , the Strategy executive chairman said the firm may sell a small amount of Bitcoin in the future to fund dividend payments tied to its preferred stock products.　　The comments stand out because Saylor has spent years publicly defending a “never sell Bitcoin” philosophy. While he did not signal any immediate plans to reduce Strategy‘s holdings, the acknowledgment marks a noticeable shift in tone from one of Bitcoin’s most outspoken corporate supporters.　　Strategy Q1 2026 Earnings Call. Source: X/Strategy.　　According to Saylor, the goal would not be survival or debt management. Instead, he framed the idea as a way to reassure investors that the companys model remains sustainable even during volatile market conditions.　　Strategys Bitcoin Model Faces New Questions　　The timing of the comments comes after Strategy reported a of $12.5 billion in the first quarter, largely driven by unrealized losses tied to Bitcoins sharp decline during the period.　　Bitcoin fell nearly 24% during the quarter before recovering in recent weeks. Despite the loss, Strategy continued accumulating BTC and now holds 818,334 Bitcoin valued

05-06Industry

Blockchain.com launches SnapMarkets as prediction markets move into faster crypto bets

Blockchain.com, a crypto wallet and exchange founded in 2011, announced the launch of SnapMarkets, a platform that lets users wager on whether bitcoins price will rise or fall in 30-second windows, on Wednesday.　　Stakes start at $1 in what the company calls a skill-based version of prediction markets. The launch comes as prediction markets surge, with market leaders Polymarket and Kalshi seeing a combined notional trading volume close to $24 billion in April.　　The market as a whole saw $29 billion in volume that month, Dune data shows. That includes event markets across categories such as sports, politics and finance.　　SnapMarkets has a different offering for now and isnt available to customers in the U.S. or U.K. Instead of contracts tied to election results, sports outcomes or macroeconomic events, the app offers rapid-fire BTC price calls that resolve every 30 seconds. A Blockchain.com spokesperson told CoinDesk additional market formats are planned.　　The format makes SnapMarkets closer to short-term trading than traditional event forecasting. Users pick a direction, choose a stake and wait for the round to settle. Over such short windows, BTC price moves can be difficult to forecast consistently.　　Prediction markets regulatory backdrop　　Prediction markets spent years fighting the CFTC, including Kalshis court battle over

05-06Industry

BlackRock CEO Larry Fink Discusses a New Asset Class

BlackRock CEO Larry Fink told the Milken Institute that surging compute demand could spawn an entirely new asset class. Traders may one day buy and sell futures contracts on raw computing power, he said.　　Speaking at the conference in Beverly Hills, Fink described compute as scarce enough to need its own derivatives market. He placed it alongside energy and agricultural commodities, which firms already hedge through structured futures.　　Why Compute Could Become a New Asset Class　　Fink said the country does not yet have the chips, memory, or power capacity needed for projected AI workloads. He compared raw compute to fuel and grain, commodities that markets already price through forward contracts.　　The framing nudged the audience toward viewing compute as a tradable resource. Brookfield CEO Bruce Flatt joined Fink onstage for the discussion.　　“A new asset class will be buying futures of compute.”　　The BlackRock chairman framed compute as the next major commodity for financial markets, not just a cloud service. Institutions financing AI build-outs could hedge capacity costs the way airlines hedge fuel today.　　That hedge would price the megawatts and chips behind every model query. Fink suggested the contracts would attract long-duration capital looking for tangible exposure.　　Power, Chips, and Capital All Run Short　　Fink also rejected

05-06Industry

US Prosecutors Ask Judge to be Lenient on ex-Celsius Exec, Citing Cooperation

Cohen-Pavon pleaded guilty to fraud and conspiracy to commit price manipulation related to Celsius‘s CEL token in September 2023 as part of his role in the crypto lending platform’s activities that led to the loss of billions of dollars when the company collapsed in 2022. He had been scheduled to be sentenced before Judge John Koeltl on May 7, but on Monday the judge moved the sentencing hearing to May 13.　　Mashinsky, the public face of Celsius and one of the most prominent figures in the cryptocurrency industry at the time, was sentenced to 12 years in prison in May 2025 after pleading guilty to commodities and securities fraud. Many experts saw the fall of Celsius as intertwined with the 2022 crypto market downturn that resulted in the collapse of several exchanges, including FTX and Voyager Digital.　　Cohen-Pavons lawyers asked for time served ahead of his sentencing hearing, saying that the former Celsius executive took “full responsibility for his conduct and the harms caused by his participation in the CEL token manipulation scheme.”　　No new trial for former FTX CEO　　The sentencing hearing, expected to wrap up the criminal cases associated with Celsius, will come after another SDNY federal judge denied former FTX CEO

05-06Industry

DXY: Asymmetric downside into payrolls – TD Securities

TD Securities analysts argue the US Dollar (USD) faces asymmetric downside risk around the April US payrolls release. They note US Dollar Index (DXY) has been rangebound with low volatility, and see limited upside even on strong jobs data, as Federal Reserve (Fed) rate cuts are largely priced out and inflation, not employment, is driving Fed expectations.　　Dollar downside risk into payrolls　　“Since the first week of April, the USD has traded in a tight band. Using the DXY index as a proxy, the USD has closed on a 98-handle every day since April 8. Compressed USD realized vols have kept a lid on front-end implied vols.”　　“Based on high-frequency employment data such as weekly ADP and continuing claims, many market participants already expect some improvement to show up in this payrolls report. The Feds inclination to hike rates also leans more on how much the energy shock from Q1 will pass through to core inflation, rather than on labor market conditions. With Fed rate cuts pricing largely removed now, the CPI data release next week should matter more for the Fed hawks and USD bulls, in our view.”　　“The USD faces asymmetric downside heading into payrolls. Extent of USD downside in the near-term

05-06Industry

Dogecoin Breaks Out Strong: Bullish Structure Aligns For More Upside

Dogecoin has surged out of its recent consolidation with a decisive breakout, signaling a shift in market momentum. With key levels now flipped and holding as support, the setup points toward the potential for continued upside as buyers remain firmly in control.　　DOGE Breaks Out As Compression Resolves Upward　　In a recent technical assessment, Zero Ika highlighted that Dogecoin‘s long-standing price compression has finally been resolved to the upside. This shift was marked by a decisive breakout above the asset’s internal market structure. By clearing these key technical hurdles, the meme coin has transitioned out of its restrictive range, setting the stage for a new phase of price discovery.　　The recent breakout effectively melted through previous internal supply zones, which had historically acted as resistance. From a technical perspective, this breached supply area has now become a potential support level, providing a valid foundation for trend continuation.　　Future trading opportunities may arise from a potential local pullback in Bitcoin, provided that market conditions are evaluated in real-time. Zero Ika considers a long position with a modest position size, utilizing the Value Area High (VAH) as a form of coverage or protective floor. The primary objective for such a trade would be the higher-time-frame (HTF)

05-06Industry

Banking lobby attempts to kill Clarity Acts stablecoin progress as markup is scheduled for next week

US banks are mounting an aggressive lobbying effort to stall the CLARITY Act, even as key US lawmakers signal a fast-tracked timeline to put the bill on the presidents desk before July 4.　　The legislative clash centers on the Digital Asset Market Clarity Act, a sweeping regulatory framework that cleared the House with bipartisan support in July 2025.　　For months, the bill has been bogged down in the Senate over a highly contentious provision regarding stablecoins and whether digital asset firms can offer yield to customers.　　While a recent bipartisan compromise aimed to clear this roadblock, the banking sector is now publicly rejecting the drafted language, arguing it threatens the foundation of local lending and risks widespread capital flight.　　Despite the friction, proponents of the bill on Capitol Hill are projecting confidence. Bolstered by the anticipated support from the Trump administration, Senate negotiators are holding firm against the banking lobby, setting the stage for a critical committee markup the week of May 11.　　The stablecoin yield loophole and fears of deposit flight　　The core of the dispute lies in how the CLARITY Act regulates yield-bearing payment stablecoins.　　A coalition of major trade groups, including the American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association, the

05-06Industry

Bitcoin Bear Market Not Over, Benjamin Cowen Says Despite Recent Rally

200D moving average on BTC daily chart　　Cowen acknowledged several reasons the bear case could be wrong. Bitcoins year-to-date return is currently outperforming the average midterm year by a wide margin. The token sits roughly 10% below its yearly open, compared with a typical decline of 30 to 35% at this stage.　　It has also reclaimed the bull market support band. Cowen flagged another structural shift.　　“Bitcoin topped on apathy rather than euphoria.”　　Retail interest never returned, and altcoins continued bleeding against Bitcoin throughout the rally. That apathetic peak could mean a different kind of bear market this time.　　Why the Pattern Still Points Lower　　Past cycles offer the strongest case for staying defensive. In 2014, 2018, and 2019, Bitcoin rallied above the bull market support band before pulling back, with the 200-day moving average serving as resistance.　　“If I‘m right, it will seem so obvious… If I’m wrong, then by the time you do something that‘s different enough, you’re already well off the lows.”　　Time between cycle lows is the other signal Cowen tracks. Recent cycles waited roughly 140 to 174 days before printing a new low.　　“We‘re currently on day 88. So, who’s to know whatll happen in 3 months.”　　Cowen expects the current rally to peak within

05-06Industry

Zcash price jumps 36% to $600 resistance; bulls eye cycle high

Tech　　Zcash price jumps 36% to $600 resistance; bulls eye cycle highZcash price climbed 36% to above $600 amid Bitcoins uptick.ZEC‘s rally comes as a surge in shielded supply highlights Zcash’s strength.Bulls could target $700 and cycle highs, but RSI signals profit-taking.　　Zcash (ZEC) is riding the latest wave in the cryptocurrency market, surging alongside Bitcoins charge toward $82,000.　　As the flagship asset nears this key psychological barrier, altcoins are joining the rally, with Toncoin (TON) climbing 22%, Internet Computer (ICP) gaining 18%, and Near Protocol (NEAR) up 15% in the past 24 hours.　　This broad uptick signals a renewed investor appetite for privacy-focused and scalable protocols amid a dip in Bitcoins dominance to 54%.　　Zcash explodes 36% to above $600　　Zcashs price has skyrocketed 36% over the past week, flirting with the $600 resistance level early Wednesday.　　The privacy coin rose to highs of $606 on Coinbase, hitting its highest level since November 2025.　　Meanwhile, open interest on major futures platforms like Binance and OKX has surged to $1.3 billion, up from $964 million the day before.　　These metrics reflect surging conviction and have helped propel bulls past key resistances at $450 and $540. ZEC hovered at $578 at the time of writing, with the $600 mark now

05-06Industry

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