USD: Safe-haven bid as conflict risk lingers – BNY

Finance  USD: Safe-haven bid as conflict risk lingers – BNY  BNYs Bob Savage describes a fragile risk backdrop, with investors tracking the Strait of Hormuz as a key barometer for energy supply relief. Despite ceasefire doubts after Iran–U.S. exchanges, risk assets are firmer, Oil is lower, Gold higher and the Dollar bid. Upcoming U.S. data, Fed speakers and political developments around Trump and Xi are seen as key drivers for policy expectations.  Risk assets firm with USD supported  “Tracking the ships going through the Strait of Hormuz continues to be the key risk barometer for investors as they watch for supply relief in energy. Ceasefire doubts rose yesterday after Iran and the U.S. exchanged fire and UAE suffered significant missile attacks, but that has not escalated today. The inherent volatility of the situation continues.”  “Nevertheless, risk assets are higher, with stocks mostly up and oil lower, while USD is bid and gold is higher.”  “The focus for the day will remain on the truce with Iran and the ongoing hopes that Project Freedom will deliver energy relief. On top of that, U.S. economic data will matter, with the JOLTS and trade numbers serving as important guideposts for policy.”  “The Trump/Xi meetings next week are starting to matter

05-05Industry

XRPs $2 Dream: Why History Points to a Massive 45% Breakout This May; Dogecoin Matches $1.1 Billion Bitcoin Milestone for Free; Binance Announces Mass Delisting of BTC, BNB, and ETH Pairs - Morning Crypto Report

Bitcoin Crypto Ethereum  XRPs $2 Dream: Why History Points to a Massive 45% Breakout This May; Dogecoin Matches $1.1 Billion Bitcoin Milestone for Free; Binance Announces Mass Delisting of BTC, BNB, and ETH Pairs – Morning Crypto Report  XRP Targets $2.03: Technical indicators point to a possible breakout from a 70-day sideways range. To enter a global bullish trend, the asset needs a 45% increase, with the adoption of the CLARITY Act acting as a potential catalyst.Dogecoin on Bitcoin‘s Tail: Amid $1.16 billion in inflows into BTC ETFs, Dogecoin rose 5%, copying the flagship’s dynamics without having its own ETFs. DOGE maintains its status as a liquidity leader among altcoins.Mass Delisting on Binance: On May 8, the exchange removed 12 trading pairs with BTC, ETH, and BNB, including OP/BTC and CFX/BTC. The goal is a forced shift of liquidity into stablecoins to reduce manipulation.Crypto Market Outlook: Bitcoin holds $81,000, but a break below $80,000 will trigger cascading liquidations of long positions worth more than $8.3 billion, with a drop toward $70,500. The release of U.S. labor market data (NFP) this Friday will determine whether BTC moves toward $85,000 or faces a deeper correction.  Why Mays “sideways” phase could end with a jump to

05-05Industry

Coinbase latest crypto firm to slash staff citing market conditions and AI shift. Reduces it by 14%.

Coinbase is set to slashing its workforce by roughly 14%, or 660 employees in response to negative market conditions and AI challenges.  CEO Brian Armstrong announced the cuts in an X post on Tuesday, citing the “two forces” that converged in his firms decision to slash staff.  Coinbase has more than 4,700 employees, according to its website, so 14% would be equivalent to around 660.  “While we‘ve managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth,” said the CEO of the Nasdaq-listed company.  The second reason is AI, and how it is changing the way Coinbase operates, he said. “Over the past year, I‘ve watched engineers use AI to ship in days what used to take a team weeks,” Armstrong stated, adding that “the pace of what’s possible with a small, focused team has changed dramatically, and its accelerating every day.”  The Coinbase CEO said that employees laid off in the U.S. will receive a minimum of 16 weeks base pay, plus 2 weeks of severance pay

05-05Industry

EUR/USD: Upside seen limited in H2 – Rabobank

Finance  EUR/USD: Upside seen limited in H2 – Rabobank  Rabobanks Senior FX Strategist Jane Foley expects interest rate differentials to support an upward bias in EUR/USD in the second half of the year, but sees Euro gains capped by Eurozone growth headwinds from the current supply shock. Foley does not expect EUR/USD to reach 1.20 this year and anticipates any H2 rally will lack strong conviction.  Euro gains capped by growth risks  “While we do expect interest rate differentials to allow an upward bias in EUR/USD to emerge during H2, we anticipate that upside potential in the EUR will be capped by the hit to growth likely to be suffered by the Eurozone as a consequence of the current supply shock.”  “Our central view remains that EUR/USD 1.20 will be beyond reach this year.”  “However, we continue to view the USDs credentials as sound and the Eurozone more vulnerable to the current supply shock.”  “Consequently, we do not expect the market to rebuild long EUR positions back to last years levels and expect any up move in EUR/USD in H2 to lack strong conviction.”

05-05Industry

Italian Central Bank Deputy Governor Advocates for Tokenized SEPA Payment System

Tech  Italian Central Bank Deputy Governor Advocates for Tokenized SEPA Payment System  Italian central bank executive advocates for tokenized evolution of SEPA infrastructureProposed upgrade aims to modernize Europes cashless euro transaction frameworkDeputy Governor emphasizes maintaining central bank oversight alongside innovationDigital currency developments prompt reassessment of European payment structuresInitiative aligns with broader digital euro development efforts across the eurozone  European financial authorities are confronting mounting calls to transform SEPA infrastructure as blockchain-based finance reshapes digital transaction landscapes. Chiara Scotti, serving as Deputy Governor at the Bank of Italy, urged regulatory bodies to evaluate incorporating tokenization into Europes established cashless payment architecture. Her proposal connects payment system advancement with preserving monetary authority oversight, institutional credibility, and economic stability.  Italian Official Brings Tokenization to Forefront  Speaking at a Rome conference on Monday, Scotti challenged conventional approaches to payment modernization. She argued that European authorities must look beyond creating entirely new payment mechanisms. Rather, policymakers should investigate adapting current infrastructure to accommodate tokenized transaction settlement.  The Single Euro Payments Area provides Europe with unified architecture for non-cash euro transactions. This network enables cross-border transfers throughout EU member states plus additional participating nations. Consequently, implementing tokenization within SEPA could leverage existing reach, regulatory frameworks, and system compatibility.  As a significant contributor to

05-05Industry

Stock Market: Dow, S&P 500 Drop as Oil Jumps on Iran Tension

Tech  Stock Market: Dow, S&P 500 Drop as Oil Jumps on Iran Tension  Stocks are pulling back sharply as of Monday, with the Dow Jones Industrial Average falling over 550 points while the S&P 500 and Nasdaq also trade lower, as rising oil prices and renewed Middle-East tensions weigh on sentiment.  Oil Surge Drives Market Retreat  Markets shifted lower after oil prices climbed rapidly. West Texas Intermediate crude rose about 3% to trade above $105 per barrel, while Brent crude jumped 5% to move past $114.  The spike in energy prices quickly pressured equities. Higher oil prices tend to raise inflation concerns and increase operating costs for companies. As a result, investors moved away from risk assets and into safer positions.  Missile Interception Sparks Fresh Concerns  Tensions escalated after the United Arab Emirates reported that it intercepted missiles fired from Iran. This marked the first activation of the UAEs missile defense system since the ceasefire between the United States and Iran began last month.  At the same time, conflicting reports added to the uncertainty. Iranian media claimed that missiles struck a US warship near the Gulf of Oman, while separate reports suggested Iranian forces turned back vessels in the Strait of Hormuz.  US Central Command responded by denying those

05-05Industry

Strategy Stock Heads Into May With a Bullish Pattern and Q1 Earnings Catalyst

Tech  Strategy Stock Heads Into May With a Bullish Pattern and Q1 Earnings Catalyst  Strategy stock heads into tonights Q1 earnings with the chart already breaking out of an inverse head and shoulders pattern in pre-market trade, up 47% from the February lows.  The options market has flipped from defensive to bullish. Analyst price targets keep rising. But volume concerns are showing up and a key technical line still caps the recovery. Additionally, Michael Saylor paused Bitcoin purchases into the print. The breakout is happening regardless. The question is whether tonights number lets it hold.  Strategy Stock Built an Inverse Head and Shoulders Off the February Lows  Strategy stock (NASDAQ: MSTR) has rallied roughly 47% since the company reported a $42.93 EPS loss on February 5, 2026, when Bitcoins price drop forced massive mark-to-market losses through the earnings line. The recovery from that low has formed a recognizable bullish reversal pattern, an inverse head-and-shoulders.  The patterns neckline sits just slightly under the May 4 close. While it seems that the Strategy share price is almost above the neckline, at press time, a longish wick is hinting at exhaustion.  Inverse Head and Shoulders: TradingView  The setup is textbook bullish in structure. Inverse head and shoulders patterns historically resolve upward

05-05Industry

Bitcoin rally breaks from US stock market as mixed macro data creates bullish setup for BTC

Bitcoin  Bitcoin rally breaks from US stock market as mixed macro data creates bullish setup for BTC  Bitcoin‘s move above $80,000 is testing whether its latest break from the S&P 500 reflects a real macro regime shift or the market’s most liquid risk switch reacting to two different clocks.  After months of Bitcoin following the US stock market open in terms of direction, volatility, and stress, it appears to be decoupling from the AI-fed S&P 500.  Bitcoin breakout amid S&P 500 decline on May 4  The contradiction showed up as the usual pressure points moved against equities. Oil jumped after the latest flare-up in the Iran war. Treasury yields moved higher. The dollar firmed. U.S. stocks fell from record levels.  Yet Bitcoin stayed near the $80,000 area instead of following SPY lower in the same way it had during earlier oil spikes.  Bitcoin is surging when oil goes up but only when the US stock market is closed  Bitcoin rose with crude oil while US equities were closed, then reversed as the S&P 500 fell, leaving flows, oil, and Fed risk in conflict.  The data points to a more complicated market than a clean refuge from stress. BTC may now be trading at the intersection of AI-led risk appetite,

05-05Industry

Cipher Digital secures $200M credit line to scale AI and HPC footprint

Cipher Digital secures a $200M revolving credit facility to fund its pivot from Bitcoin mining to long-duration, AI and HPC data center revenues anchored by multi-campus leases.Nasdaq-listed Bitcoin mining and infrastructure firm Cipher Digital has closed a revolving credit facility providing up to $200 million in committed capacity, backed by a syndicate of leading global financial institutions.The facility will be used to bolster liquidity, support working capital, and fund expansion of the companys AI and high-performance computing (HPC) data center platform.Cipher reported $35 million in Q1 2026 revenue and confirmed it has executed a lease agreement for its third large AI data center campus.  New credit facility underpins data center growth  Cipher Digital said in its first-quarter 2026 business update that it has “secured a revolving credit facility of up to $200 million supported by a syndicate of leading global financial institutions,” describing the transaction as its first syndicated corporate revolver.  The facility provides $200 million of committed capacity with an additional accordion option of up to $50 million, carries a scheduled maturity in March 2030, and is priced at the Secured Overnight Financing Rate plus 1.25%–1.75%, with step-downs based on Ciphers total debt-to-market-capitalization ratio.  According to company disclosures, proceeds are earmarked to “enhance

05-05Industry

HBAR Price Prediction: Compression Breakout Imminent - $0.12 Target Within Reach

The Immediate Setup  HBAR has entered a state of technical paralysis at $0.09, trading with microscopic volatility that typically precedes explosive moves. The current price action shows a 1.34% daily gain against virtually zero average true range, creating the kind of compression that forces algorithmic systems into binary outcomes. Beneath this apparent stagnation, buy-sell ratios favor accumulation at 1.14 to 1, indicating institutional positioning ahead of a potential catalyst.  The momentum indicators paint a picture of indecision rather than weakness. RSI hovers at 48.63 in neutral territory while MACD flatlines at zero, suggesting neither bulls nor bears have established control. This technical standoff creates opportunity for traders who can read the underlying pressure building in the derivatives markets.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full HBAR price, calculator & analysis  Critical Technical Convergence  Every major moving average from the 7-day through the 50-day has converged at the $0.09 level, creating a technical nexus where any sustained move will trigger cascading algorithmic responses. The 200-day simple moving average at $0.12 represents the primary resistance target, while Bollinger Bands have contracted to their tightest range in months.  The stochastic oscillator reading of 29.86 indicates oversold conditions developing,

05-05Industry
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