Latest Crypto News & Market Updates

LIT Weekly Analysis May 1

LIT is stuck in a horizontal consolidation phase around $0.90 with a weekly 4% drop; while market structure maintains uncertainty, breaking the $0.9103 resistance is critical for an upward trend reversal. Accumulation signs are observed above the short-term EMA20, while the long-term trend filter emphasizes resistance pressure.　　LIT in the Weekly Market Summary　　LIT traded in the $0.87-$0.94 range with a 4.08% drop last week and stabilized at the $0.90 level. Volume profile remained limited at $16.61 million, maintaining sideways primary trend dominance. RSI at 48.64 is in the neutral zone, MACD shows a positive histogram but the trend filter points to $1.27 resistance, carrying a bearish bias. Bullish signals are present above the short-term EMA20 ($0.76), but the overall market structure is seeking an accumulation/distribution transition in the big picture. This week, multi-timeframe confluence will determine critical decision points; position traders should watch for a breakout above $0.9103 or a breakdown below $0.87. There is no significant news flow in the macro context, but BTCs sideways movement mandates a cautious approach for altcoins. Check detailed data for LIT Spot Analysis.　　Trend Structure and Market PhasesLong-Term Trend Analysis　　The long-term trend structure for LIT remains under a bearish filter; the main $1.27 resistance level

05-01Industry

Hyperliquid (HYPE) Adds 111% in Futures Flow: Will Price Follow?

After a powerful multi-week push, Hyperliquid is attempting to stabilize, but the structure is currently mixed rather than clearly bullish.　　The recovery is yet to come　　After rejecting from the mid-$40s, the price is currently hovering around the $40–$41 range. More significantly, it is testing the stability of its rising trendline. Its the core of the current uptrend, as that trendline has defined the recovery phase since March.　　HYPE/USDT Chart by TradingView　　The asset is still above its mid-term moving averages from a technical perspective, maintaining the larger recovery. Sellers are active at higher levels, though, as evidenced by the repeated rejections around $44-$46. In contrast to the earlier leg up, momentum is clearly losing strength, cooling off rather than collapsing.　　OpenAI Foundation CFO Joins $1 Billion XRP Treasury; Bitcoin‘s Worst Case by May 2026 Detailed by Expert Trader; $183 Million ’Capital Flight Hits Ethereum ETFs Amid DeFi Hack Wave – Morning Crypto Report　　Ripple Vet Doubts $10K XRP Price Target　　Derivatives data is where things become more intriguing. With short-term inflows spiking sharply and occasionally pushing well above 100% net change, futures flows exhibit sharp acceleration. There is a noticeable positive net inflow on shorter time intervals (5–30 minutes), indicating that capital is swiftly entering derivatives

05-01Industry

North Korean Hackers Hit DRIFT and KelpDAO: 577M$

North Korea-linked hackers dealt the biggest blow to the crypto sector in the first four months of 2026: they stole 577 million dollars. This accounts for 76% of global hack losses. According to the TRM Labs report, the damage focuses on two attacks in April: DRIFT detailed analysis for 285 million dollars and 292 million dollars from KelpDAO. Although only 3% of the years total hacks, the volumes are shocking.　　DRIFT Protocol Hack Details　　The Drift attack was carried out by a North Korean subgroup separate from Lazarus-linked TraderTraitor. The attackers had been in contact with Drift employees for months. From mid-March, they prepared Solana-based persistent nonce accounts. Immediately after the protocols Security Council switched to a 2/5 threshold system on April 1, they drained the vaults in 12 minutes using 31 pre-signed transactions. The funds were bridged to Ethereum and frozen. Latest development: DRIFT was delisted from Upbit and Bithumb exchanges after the hack.Main Targets: Bridges, multisig, and cross-chain infrastructuresMonitoring: THORChain flows and Solana governance pathsImpact: Sharp drop in DRIFT price, DRIFT futures volatility　　KelpDAO and the North Korean Threat　　In KelpDAO, they exploited the single validator structure of the LayerZero bridge via an RPC hack. The funds were converted to Bitcoin via

05-01Industry

Tether Prints $1 Billion Q1 Profit, But Its $8.23 Billion War Chest Remains Contested

Tether reported $1.04 billion in net profit for the first quarter of 2026 and lifted its reserve buffer to a record $8.23 billion, even as global markets churned through fresh volatility.　　The figures come from a quarterly attestation by accounting firm BDO. They confirm USD₮ liabilities sit near $183 billion against $191.77 billion in assets, leaving over $8.2 billion in surplus capital.　　Treasury yields drove the Q1 profit　　The reserves are concentrated in short-duration government paper. Direct and indirect exposure to U.S. Treasury bills reached approximately $141 billion as of March 31.　　This ranked Tether the 17th-largest holder of U.S. government debt globally, according to the company.　　Tether Posts $1.04B Q1 2026 Profit Despite Highly Volatile Global Markets, Reaches All-Time-Highs $8.23B Reserve Buffer, and Maintains U.S. Treasury-Heavy Backing　　That position is also the engine. With Treasury bills yielding above 4%, $141 billion in exposure throws off multi-billion-dollar annual interest income, the same dynamic that drove first-quarter profitability.　　The $8.23 billion buffer is, in practical terms, accumulated yield rather than externally injected capital.　　A sustained drop in short-term rates would compress the model directly.　　Gold and Bitcoin Sit Outside the Safety Net　　Beyond Treasuries, Tether holds roughly $20 billion in physical gold and $7 billion in Bitcoin (BTC). Together they account

05-01Industry

Roblox (RBLX) Stock Plummets 25% Following Dramatic Bookings Forecast Reduction

Roblox shares plunged approximately 25% during Fridays premarket session following a dramatic reduction in annual bookings projectionsAnnual bookings forecast reduced to $7.33B–$7.6B from previous guidance of $8.28B–$8.55BQ1 daily active user growth reached 26%, significantly trailing analyst expectations of 44%Companys age verification and safety initiatives have limited platform communication features and hindered user acquisitionYear-to-date losses now reach approximately 32% after the stock posted 40% gains in 2025　　Shares of Roblox experienced a severe selloff during Friday‘s premarket session, tumbling roughly 25% following disappointing first-quarter performance and a substantial reduction to the company’s annual bookings forecast.　　Roblox Corporation, RBLX　　Trading at these depressed levels ahead of the opening bell, the gaming platform faced the potential erasure of more than $9 billion in shareholder value. The company‘s market capitalization stood at approximately $39.55 billion entering Friday’s session.　　Management revised its full-year bookings projection downward to a range of $7.33 billion to $7.6 billion. This represents a significant departure from previous guidance that called for $8.28 billion to $8.55 billion.　　ROBLOX $RBLX JUST REPORTED Q1 EARNINGS　　– Bookings: $1.73B vs $1.72B est　　– EPS: -$0.35 vs -$0.41 est　　– Average DAUs: 132M vs 140.9M est　　Q2 guidance:　　– Bookings: $1.55B – $1.61B vs $1.86B est　　– Revenue: $1.39B – $1.45B vs $1.83B est　　The company derives

05-01Industry

MetaSpace Leads Blockchain eSports Championship in India, Preparing for Global Debut

MetaSpace, maker of India‘s first Web3 RPG mobile game, now streamlines the Blockchain eSports Championship (BEC) Tournaments under Narendra Modi’s Make in India mission.　　According to the announcement, the tournaments will ease Indias youth into blockchain tech.　　Over seven high-impact BEC tournaments have been organized so far. They have attracted over 10,000 registrations.　　What is the Blockchain eSports Championship？　　Blockchain eSports Championship (BEC) is a web3 eSports event hosted by MetaSpace in Indias top educational institutions and tech events.　　Players can join in immersive PVP arenas or spectate live. The response to the events has been positive so far.　　The event has led to the onboarding of new professional eSports athletes in Tier-1 and Tier-2 cities.　　BEC Tournaments as a Means to Blockchain Education　　MetaSpace sees the Blockchain eSports Championship as a gentle entry point to blockchain technology, metaverse, and web3. Players can also engage with informative sessions during the events. These sessions offer lessons including digital ownership fundamentals, virtual assets, and decentralized economies.　　MetaSpace has also partnered with Indian Blockchain Tour (IBT) and the All India Gaming Federation to bolster blockchain adoption in India.　　75,000+ Gamers Targeted through these Events　　MetaSpaces plan is to engage over 200 colleges and more than 75,000 participants in the upcoming months.　　To accelerate this pan-India

05-01Industry

EURAU Stablecoin Migrated to Solana: Fast Euro Payments

EURAU Stablecoin Migrated to Solana Blockchain　　The joint venture established with the support of AllUnity, DWS, Flow Traders, and Galaxy Digital (GLXY) has migrated its euro-based stablecoin EURAU to the Solana blockchain. This move aims to accelerate euro transfers and strengthen regulatory-compliant onchain finance. EURAU was launched on Ethereum last July and is issued fully reserved under an e-money framework compliant with the European Unions MiCA rules. With the transition to Solana, the company promises faster settlement and lower costs for euro-denominated transactions. Businesses can now transfer onchain euros in seconds. Check here for SOL detailed analysis.　　Solanas Speed and Scalability Advantages　　EURAUs presence on Solana offers payment companies real-time cross-border payment capabilities; for example, contractors can be paid instantly instead of waiting days for bank transfers. The same infrastructure also paves the way for working with stable euro units in areas like trading, lending, or treasury management. AllUnity states that this expansion responds to demand for regulated euro stablecoins. Company CTO and COO Peter Grosskopf says, “As demand accelerates, Solanas speed and scalability provide an ideal environment for institutional settlement and cross-border payments.” Various partners like Bullish (owner of CoinDesk), Privy, Hercle, and Transak are also preparing to integrate EURAU on Solana

05-01Industry

Ripple Backer SBI Opens Bitbank Talks, Eyes Japan’s Largest Crypto Exchange

SBI Holdings has opened formal capital and business alliance talks with Bitbank Inc. The Japanese financial group wants to make the countrys third-largest crypto exchange a consolidated subsidiary.　　The disclosure came on May 1, 2026, weeks after SBI merged SBI VC Trade with Bitpoint Japan. That earlier deal expanded its crypto footprint inside Japan.　　Path to Japans Top Crypto Exchange Operator　　If completed, the new deal would lift the SBI group above bitFlyer and Coincheck by combined trading volume. That outcome would make SBI the largest exchange operator in Japans regulated market.　　Sota Watanabe, chief executive of Startale Group, framed the move as a turning point for the sector.　　SBI plans to buy bitbank, the 3rd largest crypto exchange in Japan. Once the acquisition is successful, SBI is going to be the largest crypto exchange in Japan, he said.　　Why SBI Is Buying Now　　Japans crypto sector has been consolidating as stricter rules raise capital and compliance demands. SBI booked record crypto profits of ¥89.6 billion ($560.89 million) in the fiscal year ended March 2026.　　Recent product launches include the JPYSC yen-backed stablecoin, crypto-collateral lending, and a Visa partnership.　　The bid extends chief executive Yoshitaka Kitaos plan to fuse traditional finance with blockchain. SBI holds about a 9% equity

05-01Industry

$770M in Crypto Exploit Sparks Fears of AI-Driven Exploit

Crypto exploit data from the past four months, according to DeFiLlama　　While major incidents like Drift protocol and KelpDAO exploits have accounted for most of the stolen value, the sheer pace of attacks and increasing sophistication of crypto exploit methods are something that are raising questions about security in DeFi space.　　Much of the year‘s damage came from several major incidents. The two largest publicly reported crypto exploits were Drift Protocol and KelpDAO, which together accounted for more than $577 million in stolen assets. Drift reportedly lost approximately $285 million, while KelpDAO’s exploit was estimated near $292 million.　　Drift Protocol was exploited on April 1, and the attackers reportedly used social engineering to gain trust over time, then manipulated governance approvals to whitelist fake collateral. This allowed them to deposit worthless assets and borrow real funds like USDC, ETH and SOL.　　In the case of KelpDAO, attackers exploited a bridge verification flaw that let them unlock unbacked rsETH. They then used that stolen collateral across DeFi lending platforms to borrow hundreds of millions in legitimate assets.　　Together, these two attacks made up almost 76% of all crypto losses recorded in 2026 through April.　　DeFis Security Model Faces Growing Pressure Beyond Smart Contract Bugs　　The Drift and KelpDAO

05-01Industry

Bitcoin (BTC) market cap to hit $16 trillion by 2030, driven by institutional demand: Ark Invest

Bitcoin , the largest cryptocurrency, is set to surge in the next four years, propelling its market capitalization to $16 trillion by 2030, Ark Invest said in its annual research report, Big Ideas.　　The more than 10-fold growth — market cap is currently about $1.5 trillion — will be driven by accelerated institutional adoption and crypto‘s evolution into an asset class that features in investment portfolios worldwide, the Cathie Wood-led investment company said. That’s a compound annual rate of roughly 63%.　　Bitcoin‘s increased popularity will help drive the broader digital asset market to around $28 trillion by the end of the decade, according to the report. It’s currently about $2.7 trillion, according to CoinDesk data. It also means the price could surge: Even if all 21 million BTC were in circulation by then, which they wouldnt be, one bitcoin would be valued at more than $730,000.　　Wood has long been bullish on bitcoin. In January, Ark Invest forecast a price range of $300,000-$1.5 million by 2030. In February, Wood reiterated its appeal as a hedge against inflation and deflation, driven by technological acceleration.　　“Bitcoin is maturing as the leader of a new institutional asset class,” the report said, buoyed by adoption across exchange-traded funds

05-01Industry

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