Latest Crypto News & Market Updates

RBA: August hike to 4.60% increasingly likely – TD Securities

Finance　　RBA: August hike to 4.60% increasingly likely – TD Securities　　TD Securities strategists Prashant Newnaha and Alex Loo highlight that the Reserve Bank of Australia (RBA) raised the cash rate to 4.35% with a dovish message, viewing risks to inflation and growth as more balanced. Despite signalling a near-term pause, they now expect a final 25 bps hike in August to 4.60%, contingent on Q2 trimmed mean Consumer Price Index (CPI) exceeding the RBAs forecast and inflation staying sticky.　　Dovish hike but one more seen ahead　　“The RBA hiked the cash rate 25bps as expected to 4.35% in a 8-1 vote, but the messaging was dovish, pointing to the RBA taking a temporary pause.”　　“Nonetheless, we now expect the RBA to deliver a final 25bps hike in Aug to 4.60% assuming Q2 trimmed mean CPI exceeds the RBAs Q2 forecast.”　　“Given the RBA has set a low growth track, it will ultimately be where inflation lands that will determine when the RBA will hike next (the RBAs forecasts assume another 25bps hike in Q3).”　　“We discussed back in February that the RBA may ultimately need to take the cash rate to 4.60% in this cycle and this outcome now looks increasingly likely.”　　“Its clear the RBA is

05-05Industry

Ethereum price confirms bull flag breakout, targets upside to $3,000

Ethereum price has broken out of a bull flag pattern on the daily chart — May 5 | Source: crypto.news　　The move comes as ETH holds firmly above the 61.8% Fibonacci retracement level near $2,381, which has acted as a key support zone in recent sessions. Sustained strength above this level could reinforce the bullish structure and open the door for further upside.　　If momentum continues, the next immediate resistance lies around the $2,400 to $2,460 region, which has repeatedly rejected price advances over the past few weeks. A clean break above this range could accelerate the move toward the 50% retracement level near $2,577, followed by the 38.2% level around $2,772.　　Beyond that, the broader measured move from the flag structure points to a potential upside target near the $2,800 to $3,000 zone, aligning with a key psychological level that traders are closely watching.　　Momentum indicators are also beginning to tilt in favor of the bulls. The MACD is approaching a bullish crossover on the daily timeframe, suggesting a possible shift toward upward momentum. Meanwhile, the RSI is trending higher and holding above the neutral 50 level, indicating strengthening buying pressure without yet entering overbought territory.　　The broader structure also shows Ethereum trading within

05-05Ethereum

ALGO Price Prediction: $0.12 Target Within 48 Hours as Smart Money Accumulates

Market Context: ALGOs Critical Juncture　　Algorand trades in a post-breakout structure after escaping its prolonged descending channel in April. The $0.09-0.10 zone now serves as solid support, marking a shift in market psychology. At $0.11, ALGO sits compressed between the 20-day moving average and immediate resistance at $0.12.　　The Foundations recent return to Delaware with new board leadership coincides with this technical recovery. With crypto market cap at $2.64 trillion and ALGO posting 12% weekly gains heading into May, the infrastructure token gains momentum.　　Technical Convergence Points to Breakout　　The indicator landscape shows cautious optimism despite surface-level selling pressure. RSI holds neutral territory at 57.38 with expansion room, while MACD flattens near zero—typically preceding momentum acceleration. Bollinger Band positioning at 0.72 indicates upper range testing without overbought conditions.　　The derivatives market tells a different story than spot action. While ALGO dropped 3.37% in 24 hours, funding rates remain neutral at 0.01% and open interest increased 1.53%. This divergence suggests profit-taking rather than fundamental weakness drives the selloff.　　Smart Money Positioning Remains Bullish　　Institutional positioning contradicts retail sentiment patterns. Top traders maintain 1.45 long-to-short ratios with 59.2% bullish positioning, while retail traders hold 55.4% long. This alignment between sophisticated and retail capital typically precedes significant price movements, according

05-05Industry

OKX Australia CEO Weighs in Country’s Institutional Landscape, Pensions Evolution, and How the Company is Building Trust

In an exclusive interview with BlockchainReporter, we sat down with Kate Cooper, CEO of OKX Australia to discuss the growing role of cryptocurrency in Australian superannuation funds, institutional adoption across the APAC region.　　We also discussed what the latest Fed decision means for crypto markets. From $3.2 billion in SMSF digital asset holdings to the rising demand for regulatory clarity, the conversation with Kate Cooper, covered the key forces shaping Australias digital asset landscape and what lies ahead for investors and institutions alike.　　Interview SectionHow will the new Fed rate move influence crypto markets within Australia and the wider APAC region？　　A Fed hold was the expected outcome, so it is perhaps no surprise that markets didn‘t move dramatically in either direction. But that lack of immediate reaction shouldn’t obscure what has actually been a tentative structural recovery over the past eight weeks. US spot Bitcoin ETFs pulled in roughly US$3.7 billion between late February and late April, the first sustained inflow period of 2026 after four consecutive months of outflows. And despite real macroeconomic and geopolitical headwinds, Bitcoin recently tested the $80,000 level. Volatility remains a fact of life in these markets, but the direction of travel is worth noting.　　In Australia, the

05-05Industry

PEPE Price Prediction: Technical Breakout Targets 18% Rally in Next 10 Days

PEPEs Technical Setup Points Higher　　PEPE sits at a critical inflection point with RSI momentum building at 61.56 – not yet overbought but gaining steam fast. The Bollinger Band compression at 0.94 creates a coiled spring effect that typically resolves with explosive price action within days, not weeks.　　While the MACD histogram reads zero with bearish undertones, this divergence between price strength and momentum indicators often precedes significant moves. PEPEs volatile personality means when this tension breaks, it breaks hard and fast.　　Volume Profile Supports Bullish Case　　The $40.1 million 24-hour volume on Binance remains below PEPE‘s explosive thresholds, but that’s actually bullish. Current consolidation with muted volume suggests accumulation rather than distribution. When PEPE exits tight ranges like this, volume typically surges 400% within hours as momentum traders pile in.　　The 2.28% daily gain on relatively light volume indicates underlying strength without retail euphoria – a healthy technical backdrop for sustained moves higher.　　Market Positioning Favors Bulls　　Analysts at Blockchain.news note that meme coin breakouts from compressed ranges tend to favor the upside when broader crypto sentiment remains stable. The current technical picture aligns with this pattern perfectly.　　Stochastic indicators at 70.21/%K approach overbought territory but havent crossed into dangerous levels yet. This provides runway for additional

05-05Industry

Trust, Scale, Adoption: ChangeNOW at Consensus 2026

Tech　　Trust, Scale, Adoption: ChangeNOW at Consensus 2026　　is once again proving why it‘s considered one of the most important events in crypto, and this year, ChangeNOW isn’t just showing up, its actively shaping the conversation.　　On May 6, the team takes part in two consecutive panel discussions hosted by NOWNodes at the Miami Beach Convention Centers “Meet Ups” zone. NOWNodes, part of the broader NOW ecosystem, provides blockchain node infrastructure powering a range of crypto services.　　These sessions focus on some of the industrys most pressing topics: infrastructure resilience, tokenization at scale, and the real barriers to mainstream adoption.　　Representing is , Chief Strategy Officer, who will also moderate the first panel in her capacity as Strategic Advisor to NOWNodes.　　Her schedule at Consensus goes well beyond these sessions. On May 5, she appears at the Capital Markets Summit to discuss (11:25 AM), followed by a second session titled “” at 1:20 PM. Then on May 7, she joins “” at 4:40 PM.　　Across three days and five panels, one core question ties everything together: what does it actually take to build systems people trust with their money？　　About ChangeNOW　　Founded in 2017, ChangeNOW operates as a non-custodial cryptocurrency exchange, meaning it never holds user funds. The platform

05-05Industry

OKX Australia CEO Weighs in Country’s Institutional Landscape, Pensions Evolution, and How the Company is Building Trust

05-05Industry

USD/JPY hits session highs near 158.00 on rising US-Iran tensions

Finance　　USD/JPY hits session highs near 158.00 on rising US-Iran tensions　　The US Dollar (USD) keeps crawling higher against the Japanese Yen (JPY) for the third consecutive day on Tuesday. The pair has reached the upper range of the 157.00s, trading at 157.65 at the time of writing, as the escalating tensions in the Strait of Hormuz boost the safe-haven US Dollar.　　US President Donald Trump stirred the hornets hive on Monday, vowing that the US military would help free stranded vessels in the Strait of Hormuz. Two vessels are reported to have crossed the waterway, while other ships attempting to follow reported fires and explosions, and an Oil port in the United Arab Emirates (UAE) has been hit, allegedly by Iranian missiles.　　Furthermore, Irans Parliament Speaker Mohammad Bagher Ghalibaf affirmed that a “new equation” has solidified the closure of the Strait of Hormuz and has blamed the US and its allies for violating the ceasefire and imposing a blockade.　　Against this backdrop, Oil prices remain near long-term highs. The US benchmark West Texas Intermediate (WTI) barrel trades above $101 at the time of writing, while the Brent barrel remains above $110, adding strain to the oil-importing Japanese economy and weighing on the JPY　　The Yen

05-05Industry

Aave Files Emergency Motion to Block Ether Seizure in Kelp Exploit Case

Tech　　Aave Files Emergency Motion to Block Ether Seizure in Kelp Exploit CaseAaves legal team has cautioned that the protocol, its users, and the larger DeFi community are suffering “irreparable harm” as a result of the delay.If the court maintains Gerstein Harrows notice, Aave argues, it might discourage future attempts to recover monies from cyberattacks involving North Korea.　　On Monday, decentralized finance protocol Aave took swift action by filing an emergency motion in New York. The purpose was to overturn a restraining order issued by a US law firm, which had been put in place to prevent Arbitrum DAO from releasing 30,766 frozen Ether to the victims of the Kelp exploit.　　On Friday, Gerstein Harrow LLP informed Arbitrum DAO of its intention to issue a restraining order, citing the roughly $877 million in default judgments that its clients owe North Korea. With the North Korean hacking gang responsible for the Kelp vulnerability allegedly in possession of the tokens, the law firm asserts that its clients have a justified claim to the Ether.　　Coordinated Industry-Wide Effort　　Stolen goods cannot be legitimately owned, according to Aave‘s emergency motion filed in a New York district court. The statement continued by saying that the North Korean government is only

05-05Industry

Coinbase Cuts 14% Of Workforce, Signals AI-Driven Future

Tech　　Coinbase Cuts 14% Of Workforce, Signals AI-Driven Future　　Coinbase announced a 14% reduction in its workforce on Tuesday, a decision CEO Brian Armstrong described as preparation for what he called a “new way of working” built on artificial intelligence—not a defensive reaction to market conditions.　　In a company-wide email, Armstrong cited two forces behind the move: the persistence of crypto market cycles and a transformation in how AI has changed the pace of internal work.　　Engineers at Coinbase use AI to ship in days what full teams required weeks to complete, Armstrong wrote, and the pace of that shift is an acceleration, not a plateau.　　Coinbase had 4,951 employees as of December 31, 2025, placing the number of affected workers at an estimated 693 people. Departing U.S. employees will receive a minimum of 16 weeks of base pay, plus two weeks per year of service, their next equity vest, and six months of COBRA health coverage.　　Employees on work visas receive extra transition support. System access was cut on the day of the announcement — a practice Armstrong acknowledged as harsh but defended as a matter of customer data protection.　　The cuts follow a pattern that traces to 2022. In June of that year, Coinbase eliminated

05-05Industry

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