Latest Crypto News & Market Updates

Bitcoin miner Riot's shares jump 8% after expanding AMD data center deal, signaling AI pivot

Riot Platforms (RIOT) shares jumped about 8% on Friday after Advanced Micro Devices (AMD) expanded its capacity at the company‘s Rockdale, Texas campus, highlighting Riot’s continued pivot from bitcoin mining into AI and high-performance computing.　　According to the Q1 financial results, AMD exercised an option to double its contracted capacity to 50 megawatts (MW), with the potential to upsize to 150MW. According to the earnings transcript, Riot said the agreement could generate roughly $636 million over a 10-year term.　　Riot also secured improved terms on its $200 million bitcoin-backed credit facility with Coinbase, lowering the rate to a fixed 6.15% from 8.3% and releasing 1,544 of pledged collateral bitcoin, signaling growing lender confidence in its expanding data center business.　　Together with the AMD deal and improved credit terms, investors are paying a premium for the stock. “Market pricing in lower cost of capital as the expanded AMD deal drives lender confidence,” said Matthew Sigel, head of digital assets research at VanEck.　　Riot was one of the last few pure play mining companies left that didnt get into hosting AI computing, while others opened up their data centers to move away from mining. Until recently, activist investor Starboard started to urge the management to accelerate

05-02Exchange

RAY Technical Analysis May 1

RAY, with an impressive 10.44% rise in the last 24 hours, jumped to the $0.85 level, solidifying its short-term uptrend, while RSI approaching 76 indicates the overbought zone and puts the risk of a possible correction on the table.　　Market Outlook and Current Situation　　The RAY market is facing clear upward momentum on the daily timeframe. With the current price positioned at $0.85, the 24-hour range occurred between $0.75-$0.85, and volume stands at a supportive level of $4.10 million. This movement can be evaluated as part of the general altcoin rally; as RAY, reflecting the strong position of the Raydium protocol in the DeFi ecosystem, is regaining investor interest. While the uptrend continues, the price is comfortably tracking above EMA20 ($0.72), indicating that short-term bulls are in control.　　However, the dynamics behind this rally should be carefully examined. Bitcoin‘s sideways movement across the market may limit such jumps in altcoins. RAY’s 10.44% gain over 24 hours raises sustainability questions due to relatively modest volume. Multi-timeframe confluence analysis reveals that 4 support and 4 resistance levels are strongly clustered on the 1D chart; on 3D and 1W timeframes, there is no clear participation yet, signaling that we are at a stage testing the depth

05-02Industry

Crypto ETFs: Japans JPX Exchange To List Bitcoin & Other Altcoin ETFs

Spot Bitcoin ETFs flow data　　Bitcoin ETFs saw a net outflow of about $263.2 million on April 27, $89.7 million on April 28 and $137.6 million on April 29. The withdrawals were widespread among the key funds, which suggests a temporary dip in investor enthusiasm.　　A similar pattern can be observed with Ethereum ETFs, albeit on a smaller scale. The net outflows were roughly $50.4 million on April 27, $21.8 million on April 28 and then $87.8 million on April 29.　　These figures suggest that while institutional interest in crypto exposure is structurally sound, flows can be highly volatile in response to market events. On the contrary, altcoin ETFs like XRP ETF saw inflows of $81 million.　　The outflows, while temporary, reflect volatility as JPX prepares to launch crypto ETFs. In the past, Japan has adopted a conservative stance on digital assets. Nonetheless, there has been a recent uptick in regulatory interest, as policymakers explore ways to bring crypto assets into traditional financial instruments.　　Crypto ETFs, if approved on the Tokyo Stock Exchange, would be a game-changer for Asias markets. It would place Japan in the same camp as other global economies that have adopted regulated crypto investment vehicles.　　Conclusion　　Crypto news highlighted Japan Exchange Groups plans

05-02Industry

Coinbase CUSHY credit fund targets institutions

Coinbase Asset Management announced CUSHY on April 30, a tokenised stablecoin credit fund for qualified institutional investors running on Ethereum, Solana, and Base, with Apollo handling private credit origination, Superstate issuing tokenised shares via FundOS, and Northern Trust administering the fund.Coinbase CUSHY targets yield from three sources: public digital credit, private asset-based lending through Apollo, and structural alpha from tokenisation incentives and on-chain market positions.CUSHY is the first external fund issued on Superstate‘s FundOS platform, which already manages over $1 billion in AUM through Superstate’s own USTB and USCC products.COIN stock rose 3.7% on the April 30 announcement as the fund arrives amid the CLARITY Act debate over whether stablecoin yield can be offered directly to users.　　Coinbase CUSHY was unveiled on April 30 by Coinbase Asset Management, positioning the product as a bridge between traditional fixed-income markets and on-chain settlement infrastructure. As crypto.news reported, the strategy is structured as a diversified credit fund where qualified investors access tokenised shares across Ethereum, Solana, and Base, with Coinbase Prime handling custody and trading. “With CUSHY, we are fusing the high-velocity efficiency of digital rails with the institutional rigour of traditional credit,” said Anthony Bassili, President of Coinbase Asset Management. The fund is

05-02Industry

Ethereum ETFs Shed $184M Over 4-Day Negative Streak

Ethereum ETFs posted $184 million in outflows over four straight days through April 30.Bitcoin ETFs also shed $476 million over the same period, but saw a $14.76 million inflow Thursday.Myriad users see a 55% chance Ethereum hits $3,000 next, up from 46% on Monday.　　exchange-traded funds extended their losing streak to four days on Thursday, shedding nearly $184 million as geopolitical uncertainty offset record highs in U.S. stocks.　　The outflows accelerated on April 29, when Ethereum ETFs posted $87.7 million in net redemptions, the largest single-day exit since March 26, according to SoSoValue data. Cumulative flows for Ethereum ETFs now stand at $11.9 billion, down from a peak of $12.9 billion in mid-January.　　Despite the outflows, Ethereums price climbed 2.2% over the same period, trading at $2,313 on Thursday, per CoinGecko data. The divergence suggests selling pressure on the fund product has not translated directly to spot market weakness.　　On prediction market Myriad, owned by Decrypt‘s parent company Dastan, users see a 55% chance that Ethereum’s next major move reaches $3,000, up from 46% on April 30.　　Why ETF outflows matter now　　The four-day negative streak for Ethereum ETFs coincides with broader weakness in crypto investment products. Bitcoin ETFs shed $476 million over the same four-day

05-02Ethereum

Ethereum Shows Strength With $1 Billion In Buying Despite Hawkish Fed

Ethereum　　Ethereum Shows Strength With $1 Billion In Buying Despite Hawkish Fed　　Bitcoin Ethereum News　　My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.　　My parents are literally the backbone of my story. They‘ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.　　I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.　　When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.　　Trust me, I‘ve had my share of experience with the

05-02Ethereum

Ethereum news (ETH): Tom Lees BitMine secures another 10,000 ether from Ethereum Foundation

The Ethereum Foundation has sold another 10,000 ether (ETH) in an over-the-counter deal to Tom Lees BitMine (BMNR), continuing a string of treasury sales this year.　　In a post on X on Friday, the organization said it finalized the sale at an average price of $2,292.15 per token, implying proceeds of roughly $22.9 million. The counterparty was BitMine Immersion Technologies, a repeat buyer that has increasingly acted as a key institutional accumulator of ETH from the foundation.　　The latest transaction follows a similar March deal in which the foundation sold 5,000 ETH to BitMine at about $2,042 per ETH, raising roughly $10.2 million.　　Like prior sales, the Ethereum Foundation said proceeds will go toward core operations & activities, including protocol research and development, ecosystem growth and community grants, a longstanding funding model for the organization.　　The foundation added that the transaction is part of its formal treasury management strategy, under which ETH holdings are periodically converted into fiat to maintain operating runway and reduce market impact. These deals are typically executed OTC to avoid disrupting spot markets.　　Bitmine, which is helmed by Fundstrat‘s Tom Lee, continues to participate in these transactions, which underscores its growing role as one of the largest corporate ETH holders. The

05-02Ethereum

Visa Taps Japanese Ripple Affiliate To Offer BTC, ETH, XRP Rewards Via Credit Cards

Bitcoin Ethereum　　Visa Taps Japanese Ripple Affiliate To Offer BTC, ETH, XRP Rewards Via Credit Cards　　Bitcoin Ethereum News　　Visa Inc. has partnered with Ripple affiliate SBI Holdings and its crypto division SBI VC Trade to launch a new line of credit cards in Japan. It aims to convert spending rewards into digital assets, such as Bitcoin (BTC), Ethereum (ETH), and XRP.　　Visa Partners Ripple-Backed SBI Holdings　　The Visa-SBI product will be issued in collaboration with APLUS Co. Ltd. on May 1, according to an announcement. It focuses on offering users the opportunity to acquire crypto exposure with the help of making regular purchases.　　The reward points are automatically converted into a chosen crypto at no extra cost, as cardholders spend on it. To get the payouts of the digital assets, Visa requires users to have an account with SBI VC Trade.　　There are two versions of the card, one standard with an offering that targets beginners. Meanwhile, the ‘Gold’ premium version targets more spenders with higher returns. The Gold version will be able to give up to 10% in crypto, with the standard version getting up to 2.5%.　　Recently, Visa has stepped up its game in the crypto industry. Earlier, this week, it partnered Coinbase-backed Base, Polygon,

05-02Ethereum

XPL Technical Analysis May 1

XPL, with RSI at 36.38 approaching the oversold region, MACD histogram expanding in the negative zone confirming bearish momentum; trading below EMA20 indicates short-term weakness.　　Trend Status and Momentum Analysis　　XPL‘s current price is stabilizing at 0.09 USD, with the 24-hour change limited to just +0.11% and the daily range narrowing to between 0.09 – 0.09 USD. The overall trend direction continues downward, with the Supertrend indicator giving a bearish signal emphasizing the 0.12 USD resistance. In terms of momentum, the RSI 14 period is positioned at 36.38 in the neutral-low level, which may indicate short-term base formation, but the MACD’s negative histogram and price settling below EMA20 (0.10 USD) show that trend strength remains weak. Volume is at a moderate level of 43.63 million USD, not yet clarifying an accumulation/distribution pattern supporting the downtrend; this suggests momentum is in a contraction phase. Multi-timeframe (MTF) confluence identifies 3 strong levels across 1D/3D/1W timeframes, with 2 supports/1 resistance on 1D, reinforcing the overall bearish bias.　　RSI Indicator: Buy or Sell？RSI Divergence Analysis　　The RSI 14 period is currently at 36.38, and this value does not show regular bearish divergence compared to the prices recent lows; on the contrary, while the price makes new lows, the

05-02Industry

Exodus (EXOD) Announces Official UFC Deal And Exodus Pay

JP Richardson, co-founder and CEO of Exodus Movement (NYSE American: EXOD), opened part of the Exodus Summit today in Omaha, Nebraska, with an announcement about where he thinks the companys customers already are.　　Exodus is becoming the official payments partner of the UFC, Richardson said, with the partnership going live June 1.　　This launch coincides with the UFC staging its “Freedom 250” fight event on the White House lawn to mark the 250th anniversary of the United States, making it the first UFC event held on those grounds. Branding will appear inside the octagon, in broadcast spots, and through activation footprints at the venue itself.　　“As the fans walk through the gates, youre gonna see Exodus activation footprints everywhere at the White House,” Richardson said.　　Richardson framed the deal in two dimensions: brand exposure and trust. For a financial application, trust is not a marketing metric but rather a result of a solid product.　　Consumers do not experiment with unrecognized brands when their money is involved, and Richardson argued that the UFCs reach, 700 million fans across 165 countries, provides the kind of repeated, high-stakes visibility that accelerates that trust-building at a scale few media properties can match.　　The deal is multi-year. Richardson described the target

05-02Industry

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