Latest Crypto News & Market Updates

Trading expert sets date when Nvidia (NVDA) stock will crash to $110

According to the analysis, Nvidia has traded within a decade-long upward channel defined by recurring bullish and bearish cycles.　　The analyst believes the stock is now entering a new bearish phase following the end of the 2023–2025 bull cycle, with the current sideways consolidation since the October 2025 peak resembling patterns seen before the sharp corrections of 2018 and 2022.　　outlook also pointed to a developing double-top formation near recent highs, similar to the September 2018 setup that preceded a steep decline.　　At the same time, the monthly RSI remains near the overbought 70 level, historically associated with weakening momentum before major pullbacks.　　Previous Nvidia bear cycles ended after the RSI fell toward the 42 support region, with the stock bottoming near the 200-week moving average and the 0.382 Fibonacci retracement level.　　Based on the current trajectory of the 200-week moving average, the analysis projects Nvidia could fall to around $110 by mid-September 2026, representing a decline of roughly 57% from the projected cycle top.　　Nvidia stock fundamentals　　Despite the grim outlook, Nvidia continues to benefit from strong demand for its GPUs and AI technologies.　　In fiscal 2026 results ended January 2026, the company reported record quarterly revenue of $68.1 billion, up 73% year over year, while full-year

05-03Industry

Legendary economist warns U.S. recession to hit by end of 2026

Finance　　Legendary economist warns U.S. recession to hit by end of 2026　　Veteran economist and former Merrill Lynch strategist Gary Shilling has warned that the United States is likely headed for a recession by the end of 2026.　　According to Shilling, the possibility of an economic downturn is likely to emanate from weakening economic fundamentals, slowing consumer activity, and elevated stock market valuations, he said in an interview with　　Shilling argued that only major fiscal stimulus or unexpectedly strong consumer spending could prevent a recession, though he said both outcomes appear unlikely.　　He pointed to signs of slowing economic momentum, including a stagnant housing market, weaker business investment, and growing financial pressure on households.　　The economist noted that the housing sector remains largely frozen as high interest rates continue to hurt affordability and demand.　　Existing home sales briefly improved when mortgage rates eased last year, but activity slowed again as borrowing costs rose.　　He also highlighted a sharp slowdown in capital expenditures outside artificial intelligence-related spending. Broader private-sector investment grew just 3.9% at the end of last year, down significantly from pandemic-era growth above 24%.　　Impact of consumer spending　　Consumer spending, which accounts for roughly two-thirds of U.S. economic activity, has remained relatively stable, with real personal consumption expenditures growing

05-03Industry

Brazil Completely Bans Crypto and Stablecoins for Cross-Border Payments

Brazils Central Bank (BCB) has recently unveiled a key regulatory shift with the implementation of an outright ban on crypto and stablecoins. In this respect, Brazil is prohibiting the use of cryptocurrencies like Bitcoin and stablecoins for payment settlements and remittances across borders.　　The development comes under the exclusive Resolution No. 561, targeting to impose strict oversight in the swiftly evolving world of digital assets. Hence, the country intends to guarantee faster and comprehensive financial oversight with a cautious approach against crypto and digital assets.　　Resolution 561 of Brazils Central Bank Targets Banning Crypto and Stablecoins for Cross-Border Payments　　With the exclusive Resolution No. 561, Brazils Central Bank is introducing a ban on stablecoins and cryptos usage for payment settlements across borders. Particularly, the development aims at regulated electronic foreign exchange (eFX) passages that the fintech and banking platforms use. Irrespective of the restriction, the Brazilian officials have declared that unregulated transactions and individual trading of scrypto will not be impacted.　　The new framework is taking effect on the 1st of October, requiring financial entities to depend on conventional foreign exchange mechanisms. Otherwise, they can use non-resident real accounts when it comes to payment settlements internationally. This notably eliminates Bitcoin ($BTC) and stablecoins from

05-03Industry

Wall Street’s $292 billion risk-on rotation just created a new bullish setup for Bitcoin

Bitcoin　　Wall Streets $292 billion risk-on rotation just created a new bullish setup for Bitcoin　　Global equity funds pulled in over $15 billion in the week through Apr. 1, then $23.47 billion, $31.26 billion, and finally $48.72 billion in the week through Apr. 22.　　Global money-market funds simultaneously bled a $173.24 billion outflow in the week through Apr. 15, the biggest single-week exit from cash since at least September 2018.　　Together, the figures create a roughly $292 billion risk-on signal, combining $118 billion of global equity fund inflows across four weeks with a separate $173 billion weekly exit from cash.　　Coinbase and Glassnode‘s Q2 Institutional Outlook puts BTC’s daily return correlation with the S&P 500 at 0.58 in the fourth quarter of 2025, while its relationship with gold stays negligible.　　When capital flows toward risk, it flows toward the asset class Bitcoin currently behaves like.　　Global equity funds attracted $48.72 billion in the week through April 22 while money-market funds shed a record $173.24 billion the prior week.　　The more pointed detail comes from Coinbases survey of 91 global investors, comprising 29 institutions and 62 non-institutions, conducted between Mar. 16 and Apr. 7.　　Among institutional respondents, 75% view Bitcoin as undervalued, while 61% of non-institutional crypto investors hold the

05-03Industry

XRP Bulls Eye Breakout As Ripple Unveils 13,000 Bank Connections Worldwide

Riley also floated a speculative framework suggesting XRP could be worth $625 per token if 20 billion XRP were responsible for moving all $12.5 trillion in annual flows.　　The token currently trades around $1.37. That gap is enormous, and analysts warn the projection rests on shaky assumptions about liquidity use and token velocity.　　XRPs value, under this model, would depend less on market sentiment and more on how deeply banks actually use the token in real transactions.　　That last part is the sticking point. Ripple‘s payment system does not always require XRP to function. Reports note it remains unclear what share of that $12.5 trillion actually moves through XRP versus Ripple’s broader infrastructure.　　Having 13,000 banks in a network is one thing. Getting them to route payments through a digital asset is another.　　Schwartz Pushes Back On Hype　　Schwartz has been direct. He acknowledged that NDAs do involve confidentiality but said the theories building around them go well beyond what the agreements actually cover.　　According to Schwartz, the idea that something earth-shattering is waiting to be revealed misreads how these arrangements work in practice.

05-03Industry

Coinbase says crypto bill deal clears Senate path

Coinbase says Senate negotiators have reached a deal on a disputed crypto bill provision tied to stablecoin rewards. Coinbase says negotiators reached a rewards compromise, easing a key delay for the CLARITY Act.Banks secured limits on deposit-like yield, while crypto firms kept activity-based user rewards under rules.The Senate markup path now depends on committee support, regulatory details, and wider political backing.　　The agreement could help the CLARITY Act move toward a Senate markup after months of delay.　　According to a Reuters report, the debate centered on whether crypto firms and stablecoin issuers should offer rewards to customers. Banks opposed the provision because they said yield-style rewards could pull deposits away from traditional lenders.　　Crypto companies argued that they need room to reward users for real platform activity. Coinbase said the new language protects that ability while adding more limits around rewards that look like bank interest.　　Coinbase Chief Policy Officer Faryar Shirzad said, “In the end, the banks were able to get more restrictions on rewards, but we protected what matters.” He added that crypto platforms kept the ability for Americans to earn rewards based on real usage of crypto platforms and networks.　　Banks win limits on deposit-like yield　　The compromise was negotiated by Senators Thom

05-03Industry

Crypto industry will be ‘just fine’ if CLARITY Act doesnt pass: Chris Perkins

The US crypto industry‘s momentum won’t be derailed in the long term even if the much-anticipated CLARITY Act, aimed at bringing more regulatory clarity to the crypto industry, doesnt make it through Congress, according to 250 Digital Asset Management CEO Chris Perkins.　　“If not, we‘re going to be just fine,” Perkins said on Cointelegraph’s Chain Reaction podcast on Friday, emphasizing that the two major financial regulators are already building workable frameworks.　　Perkins pointed to ongoing efforts by US Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodities and Futures Trading Commission (CFTC) Chair Michael Selig, following the agencies joint interpretation released in March on how federal securities laws apply to crypto assets.　　Being labeled a security was once a “death sentence” for crypto　　“These guys are creating policy and precedent every single day, and they are giving us the one thing weve needed for a very long time, that certainty, that stability, and ultimately, a taxonomy,” Perkins said.　　“In the past, being a security was a death sentence; there was nowhere to go with it, and it just didnt reconcile…now it is awesome to be a security,” he said.　　During the Joe Biden administration, under former SEC chair Gary Gensler, crypto tokens classified as securities

05-03Exchange

Bakkt Completes DTR Acquisition Amid Revenue Growth and Strategic Overhaul

Tech　　Bakkt Completes DTR Acquisition Amid Revenue Growth and Strategic Overhaul　　Bakkt Inc. has finalized its acquisition of Distributed Technologies Research (DTR), a developer of agentic payments and stablecoin infrastructure, about three months after formally agreeing to the purchase. The move follows a transformative third quarter in which the company reported $402.2 million in GAAP revenue—a 27% year-over-year increase—and completed a major structural overhaul.　　The deal combines Bakkt‘s regulated, institutional-grade infrastructure and nationwide licensing footprint with DTR’s AI-native engine and compliance stack. By embedding stablecoin capabilities directly into its core infrastructure, Bakkt is positioning itself to deliver a 24/7 digital settlement layer that bypasses the friction of traditional correspondent banking.　　“The architecture of money movement rarely evolves at this level,” said Akshay Naheta, CEO of Bakkt. “This transaction accelerates the re-platforming of global financial infrastructure. By fully integrating DTRs technology, we are introducing stablecoin functionality as a critical bridge between legacy financial systems and the next generation of digital assets.”　　The acquisition is the cornerstone of Bakkt‘s new strategy, which revolves around three business lines: Bakkt Markets, Bakkt Agent (the AI-driven stablecoin platform powered by DTR) and Bakkt Global. This streamlined approach follows the Oct. 1 sale of the company’s noncore loyalty business and the

05-03Industry

Starlink Usage Turns Fatal in Iran Internet Blackout

Afshin Kolahi, a member of Irans Chamber of Commerce, estimates that the blockade has caused daily economic losses of up to $80 million, with total losses reaching over $2.5 billion. Nonetheless, it has also affected the human rights of Iranians, who are now being pursued for seeking ways to sidestep this blockade.　　According to local reports, Hesam Alaeddin, a 40-year-old man who was arrested in Tehran for allegedly using a Stralink terminal to access the internet, was beaten to death in his home during questioning and a search after his electronic devices were seized.　　This would be one of the first deaths reported linked to the use of Starlink terminals in Iran, after the devices became an escape from the blockade that maintains most of the population disconnected.　　The regime has been targeting Starlink, the famous satellite internet company, whose usage is considered a crime in the country, since January. In April, four individuals were arrested for importing Starkink terminals, accused of being part of a foreign espionage network.　　Even so, the few Iranians who can purchase the kits on black markets for thousands of dollars, and those who use specialized virtual private networks (VPNs), keep risking their lives to reach beyond the digital

05-03Industry

Greg Abel Reveals Berkshire’s ‘Narrow AI’ Direction After Buffett Retirement

Greg Abel told Berkshire Hathaway shareholders Saturday that the conglomerate will adopt artificial intelligence (AI) only where it adds clear value, rejecting industry-wide hype in his first annual meeting as the designated successor to Warren Buffett.　　His remarks, delivered in Omaha on May 2, set out a cautious deployment strategy across Berkshires insurance, rail, energy, and manufacturing units. Buffett, who recently retired from the chief executive role, did not weigh in on AI during the session.　　Narrow AI, Not Hype　　Abel told shareholders that AI must improve efficiency, safety, or decision-making before Berkshire deploys it. The vice chairman pointed to railroad subsidiary BNSF, where targeted AI tools are sharpening operations, and to insurance, where the company uses technology to flag fraud and deepfake threats.　　Organizers opened the meeting with an AI-generated video of Buffett, which Abel called a serious risk Berkshire manages every day.　　“It has to be additive to our businesses. Were not going to do AI for the sake of AI,” he said.　　The framing extends Buffetts long-standing skepticism of unproven tech narratives, and stands in contrast to peers cutting jobs or rebranding around AI capabilities.　　Energy Unit Positioned for Data-Center Boom　　The clearest growth angle came from Berkshire Hathaway Energy. Data centers already account for

05-03Industry

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