Latest Crypto News & Market Updates

AXS Technical Analysis May 2

AXS is maintaining its short-term uptrend at the $1.38 level, with RSI at 58 and MACD positive histogram giving neutral-bullish signals, but Supertrend bearish resistance at $1.75 is creating pressure. At this critical juncture, both the upside breakout above $1.43 and the downside breakout below $1.35 scenarios carry equal probability.　　Current Market Situation　　AXS is trading at $1.38 with a 1.29% decline over the last 24 hours; the daily range has narrowed to $1.37-$1.45 and volume remained moderate at $32.47M. Although the overall trend is upward, the price is holding above EMA20 ($1.29), preserving the short-term bullish structure. RSI at 58.20 is neutral-bullish away from the overbought zone, MACD shows positive histogram favoring momentum, but Supertrend gives a bearish signal and $1.75 resistance is critical. In multi-timeframe (MTF) analysis, the 1D chart highlights 3 supports/3 resistances; strong levels are limited on 3D and 1W. The market is in consolidation phase and the breakout direction will be decisive. Supports: $1.2572 (69/100), $1.3498 (68/100), $1.0350 (62/100). Resistances: $1.4303 (74/100), $1.7848 (67/100), $1.5679 (64/100). Movements without volume increase may remain weak.　　Scenario 1: Upside ScenarioHow This Scenario Unfolds？　　For the upside scenario, a clear breakout and close above the $1.4303 resistance (74/100 score) is required first. Once

05-03Industry

AllUnity expands EURAU stablecoin to Solana for euro transfers

## Market Snapshot　　The Solana price predictions market for May currently shows a 29% YES probability for Solana reaching $170. This is amid recent developments involving the EURAU stablecoin expansion to Solana, which is seen as a positive factor for Solanas utility.　　## Key Takeaways　　– The expansion of the EURAU stablecoin to Solana appears to enhance Solana‘s attractiveness for institutional finance. – Market pricing suggests participants view Solana’s utility and potential price increase as consistent with the stablecoin development. – Ethereum-related markets remain unaffected, as the news is specific to Solanas blockchain infrastructure.　　## Article Body　　AllUnity has announced the expansion of its EURAU stablecoin to the Solana blockchain, aiming to facilitate faster and cheaper euro transfers. This move aligns with the European Union‘s strategic initiative for digital financial sovereignty, supported by the Markets in Crypto-Assets Regulation (MiCA). AllUnity’s backing by entities such as Deutsche Bank subsidiary DWS, Flow Traders, and Galaxy Digital underscores the institutional support for blockchain-based euro infrastructure. The decision to choose Solana reflects the ongoing competition among blockchain platforms to capture institutional financial interest. This development is part of a broader EU effort to reduce reliance on dollar-denominated stablecoins by creating an alternative euro-based payment network.　　## Market Interpretation　　The market‘s response

05-03Industry

Coinbase CUSHY Fund: Stablecoin Loans on ETH

Coinbase‘s asset management arm is launching a credit fund tied to stablecoin markets. The fund, named CUSHY, targets institutional investors seeking yields from digital asset-based lending by offering on-chain access via Superstate. Share classes will be tokenized on Ethereum, Solana, and Coinbase’s Ethereum-based Base network. This step shows the integration of traditional credit markets with crypto infrastructure.　　CUSHY Fund and Stablecoin Growth　　Anthony Bassili, President of Coinbase Asset Management, described stablecoins as the foundation of the next financial era, emphasizing that CUSHY combines the efficiency of digital rails with the rigor of traditional credit. Stablecoin supply has doubled in the last two years to reach 300 billion USD, while monthly trading volume has tripled to 1.2 trillion USD. This growth has accelerated the shift of financial activities to blockchains.Supply Growth: 300 billion USD (+100% in 2 years)Volume Increase: 1.2 trillion USD/month (+200%)Platforms: ETH, Solana, Base　　According to recent news, Coinbase International listed MegaETH (MEGA) futures; META launched stablecoin payments on Solana and Polygon with Stripe. These developments show that funds like CUSHY are strengthening the stablecoin ecosystem.　　Critical Support and Resistance Levels for ETH　　With CUSHY shares being ETH-based, Ethereum price (2,307.62 USD, +0.03%) will affect the funds success. RSI 53.31 (neutral), sideways trend, Supertrend

05-03Ethereum

Little Pepe (LILPEPE) vs Ethereum-Based Meme Coins: A New Contender Gains Traction in 2026

The development of meme coins in the Ethereum network has been dominating the crypto market due to the strong structure of the blockchain technology offered by Ethereum. Being one of the first platforms providing decentralized computing, Ethereum has allowed the creation of different memes via decentralized exchange, DeFi, and a huge number of developers.　　However, there were some problems associated with Ethereum that rendered it unacceptable for some crypto enthusiasts. Firstly, high transaction fees and slow processing during periods of high activity have discouraged many people from working with Ethereum, forcing them to explore other ideas.　　Competition within Chains and Market Dynamics Transformation　　The realm of meme coins has now moved to multiple blockchains. Competing networks such as Solana have gained popularity because of the speed and efficiency of their transactions and lower fees, leading to the creation of new meme tokens such as Dogwifhat and Bonk. Such examples demonstrated the significant influence that performance had on meme coin trading.　　The current market trends indicate that the price increase in meme coins correlates well with the performance of the blockchain on which they are issued. Meme coins on both Ethereum and Solana have experienced positive effects from market rally events. The obvious conclusion to

05-03Ethereum

Solana Co-founder Warns Ethereum L2s Are Prone To Quantum Risk

Solana Labs co-founder Anatoly Yakovenko has added a new twist into the discussion of quantum risks in the blockchain domain. He offered an unambiguous warning concerning the Ethereum scaling ecosystem.　　Anatoly Yakovenko Warns Ethereum L2s Face Quantum Threats　　On May 2, 2026, Solanas Yakovenko wrote, “Ethereum L2s are not quantum safe, abandon all hope.” His comments were in reaction to a developer update that showed that Solana was making progress in post-quantum cryptography.　　The update demonstrated work on integration with Falcon-512 signature verification which is a scheme that is resistant to future attacks by quantum computers. Internal activities among Solana clients, such as Anza and Firedancer, show that the network is heading towards deploying these protections to production.　　The criticism focuses on the fact that Ethereum Layer 2 networks are still dependent on cryptographic systems that can be broken by a quantum breakthrough. The user wallets of most L2 systems continue to rely on the Elliptic Curve Digital Signature Algorithm (ECDSA), with the popular secp256k1 curve.　　After the broadcasting of transactions, related public keys can be seen on-chain. These could face exploit risks in the long-term in case of the launch of quantum decryption tools.　　This has created a “harvest now, decrypt later” situation, as the

05-03Ethereum

Ethereum Momentum Builds in 2026 as Monthly Gains and Pectra Upgrade Optimism Drive Market Sentiment

Ethereum bounced back strongly after a rough start to 2026 and has notched two straight months of positive growth, up 7.07% in March, and 7.38% in April. That optimism is due in part to increased action by institutional investors in the Ethereum market, as well as increased activity across most of the major blockchains. In addition, there are several changes still to be made to Ethereum that are expected to garner long-term growth for the cryptocurrency.　　The Institutional Push – ETF Inflows and Staking Milestones　　Currently, institutional investment is increasingly contributing to price stabilization throughout the market. Market participant exposure decreased in early 2026, but by April the market began moving beyond that downward exposure.　　The total amount of Assets Under Management in trading products based on Ethereum (ETP‘s and ETF’s) is $16B. Such as BlackRock & Fidelity continue to see significant net inflows into their ETP‘s & ETF’s investing in ETH.　　Ethereum‘s staking ecosystem has also achieved new highs as more investors are locking up their ETH to help secure the network, subsequently reducing the amount of ETH available for sale or circulation. This has contributed to a decline of 2.46% over the last 12 months. The combination of this “supply shock”, along

05-03Ethereum

Solana Labs Warns Ethereum L2s Are Not Quantum Safe

Solana Labs co-founder warned that Ethereum Layer 2s are not quantum safe and told users to abandon all hope.Most Ethereum L2s rely on ECDSA signatures vulnerable to quantum computers running Shors algorithm.Solana leads with Falcon-512 implementation as the crypto industry shifts toward quantum resistance.　　On May 2, 2026, Solana Labs co-founder Anatoly Yakovenko warned that Ethereum (ETH) Layer 2 solutions (L2s) are not quantum safe, urging users to “abandon all hope” in response to a developer update showcasing Solana‘s Falcon-512 verification suite and its production hardening. The remarks highlight Solana’s progress in post-quantum cryptography, while Ethereum L2s remain vulnerable.　　Solana Founder Says Ethereum L2s Are Not Quantum Safe　　Solana Labs co-founder Anatoly Yakovenko, known as @toly on X, has publicly stated that Ethereum L2s are not quantum safe, urging users to “abandon all hope.” This comment quoted an earlier post celebrating Solana‘s advancements, which included an image of GitHub’s work on Falcon-512 post-quantum signature verification and suggesting the network is about to “quantummogg” competitors.　　Why Ethereum L2s Remain Exposed to Quantum Threats　　Ethereum L2s remain exposed because they still rely on the same quantum-vulnerable cryptographic primitives as Ethereum L1. Elliptic Curve Digital Signature Algorithm (ECDSA) signatures (secp256k1) are used by nearly all user wallets on

05-03Ethereum

MegaETH Token MEGA Falls 38% in 72 Hours After Binance and Coinbase Listings

MegaETHs $MEGA token launched across a myriad of major exchanges and immediately entered a sell-off that pushed it more than -38% below its opening-day highs within 72 hours.　　Key Takeaways:$MEGA token launched on Binance, Coinbase, and a dozen other exchanges on April 30, dropping -38% from its $0.225 ATH within 72 hours.MegaETH TVL climbed toward $600M despite $MEGA trading near $0.138, signaling onchain strength decoupled from price.Bulls need $MEGA to reclaim $0.156 on the 4H chart; a breakdown below $0.134 opens a path toward $0.12.　　Traders Dump $MEGA -38% From Launch Highs　　The token opened trading between $0.16 and $0.22 on platforms including Binance, Coinbase, and Upbit, briefly spiking toward $0.225 before heavy selling took over. By May 2, at 4 p.m. ET, $MEGA was trading near $0.138, down -12% to -14% in the prior 24 hours, with a market cap of roughly $155 million to $157 million and a fully diluted valuation ( FDV) around $1.38 billion.　　The 24-hour trading volume remains elevated at $109 million to $160 million, a figure high relative to the circulating market cap. That ratio signals active participation, though most of the volume reflects sellers finding exits rather than buyers building positions.　　MegaETH is a high-performance Ethereum layer-two (

05-03Exchange

Kraken parent Payward closes Bitnomial deal to expand US crypto derivatives

Payward, the parent company of Kraken, announced it has completed its acquisition of crypto derivatives venue Bitnomial, giving it control of a fully CFTC-regulated derivatives stack in the United States.　　The acquisition gives Payward a Futures Commission Merchant, Designated Contract Market and Derivatives Clearing Organization, infrastructure it plans to use to expand CFTC-regulated products across Kraken and NinjaTrader, starting with spot margin, with perpetuals and options expected to follow.　　Payward said Bitnomial will continue operating within its existing regulatory structure, with the deal enabling partners, including fintechs, banks and brokerages, to access US-regulated derivatives through the companys infrastructure platform.　　The “definitive agreement” to acquire the company was first announced on April 17, when Payward said it would use Bitnomials Commodity Futures Trading Commission (CFTC) licenses to expand regulated crypto derivatives offerings in the US.　　According to Paywards initial announcement, Bitnomial is the first crypto-native company in the US to hold licenses for exchange, clearing and brokerage functions under the CFTC.　　Crypto derivatives markets expand as US platforms build offerings　　Crypto derivatives, including futures and options tied to assets such as Bitcoin (BTC), account for a majority of digital asset trading volumes, with a significant share of activity taking place on offshore platforms.　　US regulators have acknowledged this

05-03Exchange

Japan has moved to save the yen again, and Bitcoin traders may pay the price

Japan reportedly stepped into the currency market with roughly $35 billion of yen buying, sending the dollar down nearly 3% to 155.5.　　Bank of Japan (BOJ) money-market data imply that size is accurate. Once the Ministry of Finances monthly release confirms it, this would rank as Japans first official yen-support action in almost two years and the second-largest on record.　　The BOJs own April outlook projects CPI excluding fresh food at 2.5% to 3.0% in fiscal 2026, and economists expect inflation to re-accelerate as oil and yen weakness amplify import costs.　　The numbers show that 95% of Japans crude oil flows through the Strait of Hormuz, and the BOJs baseline scenario assumes Dubai crude will trend toward $70-$80, with no major supply disruption.　　Tokyos political tolerance for importing inflation while the yen slides has limits, and those limits were broken this week.　　USD/JPY peaked at 160.7 on April 29 before Japans reported $35 billion intervention drove the pair down to 155.5.　　The BOJ held its policy rate at 0.75% on Apr. 28, with three board members dissenting and arguing for a 1% rate. The Fed also held its policy rate at 3.50%-3.75% on Apr. 29.　　That short-rate reality of roughly 275 to 300 basis points is the

05-03Exchange

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