Latest Crypto News & Market Updates

Solana Price Prediction: SOL Builds Cup and Handle

Solana is holding near a major support area as analysts track a monthly cup and handle setup and a higher timeframe recovery structure. The charts show SOL still needs to defend support and break above handle resistance before the larger upside setup can confirm.　　Solana Price Forms Monthly Cup and Handle Setup as SOL Tests Handle Support　　Solana is forming a large cup and handle pattern on the monthly chart, according to the chart shared by Bitcoinsensus. The setup shows SOL building a broad recovery structure after its 2022 decline and later rebound.　　The white curve on the chart marks the cup formation. SOL moved down from its 2021 high, formed a long rounded bottom through 2022 and 2023, then recovered toward the former resistance zone near the 2021 range.　　Solana Monthly Cup and Handle Setup. Source:　　The blue channel on the right side marks the possible handle. This section shows SOL pulling back and moving sideways after the larger recovery. In a cup and handle setup, the handle usually forms as a cooling phase before any breakout attempt.　　SOL is now trading near the lower part of that handle structure. This makes the lower blue trendline an important support area. If buyers defend it, the

05-14Industry

Ouinex Raises $9M From Traders and Opens Launchpad

Crypto asset exchange Ouinex has closed a $3.5 million equity round, bringing total funding to $9 million. The full amount came from retail and professional traders connected to its platform, with venture capital absent from the cap table.　　The company is also introducing Ouinex Launchpad, a token sale platform built around verified access, trader engagement, and loyalty.　　The announcement comes during a period of low trust across crypto trading venues. Many retail traders remain cautious about exchanges with business models tied to client losses. Ouinex is building around a different relationship between platform and user, with traders serving as both customers and shareholders.　　Ilies Larbi, CEO of Ouinex, said community funding has influenced how the company approaches regulation. He said user shareholders give Ouinex more room to invest in licensing and legal work across five continents, with long-term safety and platform durability guiding those decisions.　　Trader Capital Becomes Product Growth　　Ouinex began its community funding strategy in June 2023 with a $2 million pre-seed round backed by more than 2,000 traders. Many came from foreign exchange, CFDs, and equities.　　In February 2024, the company completed its seed and first private rounds, raising more than $4 million. A private allocation planned for four weeks sold out in

05-14Industry

Tezos Tests Post-Quantum Privacy as Founder Slams Half-Baked Bitcoin Quantum Theories

Tezos launched TzEL, a post-quantum privacy system for blockchain payments on testnet.Arthur Breitman accused parts of the Bitcoin community of dismissing legitimate quantum risks.The project aims to protect encrypted blockchain transaction data from future decryption attacks.　　While practical quantum computers capable of breaking modern cryptography do not yet exist, Tezos co-founder Arthur Breitman said some pockets of the crypto industry are treating quantum computing like a conspiracy theory while ignoring a legitimate threat to blockchain privacy.　　The warning comes as Tezos launches TzEL, a post-quantum privacy system on testnet designed to protect private payments and encrypted transaction data from future “harvest now, decrypt later” attacks. Breitman said Tezos is acting with “a sense of urgency,” while parts of the industry remain complacent about quantum threats in his view.　　“Some projects are barely maintained and wont be upgraded at all; but the important ones will be upgraded, mostly in a timely fashion,” Breitman told Decrypt.　　Breitman took particular issue with some in the Bitcoin community promoting what he described as pseudo-scientific theories about quantum computing.　　“There are Bitcoiners being applauded on stages for half-baked crank theories about quantum mechanics that fly in the face of established physics,” he said.　　The cultural debate centers on whether blockchain networks

05-14Industry

US: Initial Jobless Claims rose to 211K last week

Finance　　US: Initial Jobless Claims rose to 211K last week　　According to a report from the US Department of Labor (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 211K for the week ending May 9. The latest print came in above initial estimates and was higher than the previous weeks 199K (revised from 200K).　　Additionally, the 4-week moving average went up by 0.750K, bringing it to 203.75K from the revised average of the previous week (203K).　　The report also indicated that Continuing Jobless Claims increased by 24K to 1.782M for the week ending May 2.　　Market reaction　　The Greenback advances modestly amid steady uncertainty in the geopolitical landscape, with the US Dollar Index (DXY) navigating the 98.50 area in a context of widespread lack of direction in the global markets.

05-14Industry

DTCC builds blockchain-based collateral system with Chainlink integration

The Depository Trust & Clearing Corporation, the backbone of US securities settlement, is building a blockchain-native collateral management platform powered by Chainlink. The system, called the Collateral AppChain, is designed to handle asset pricing, valuation, and settlement around the clock across international markets.　　What DTCC is actually building　　The Collateral AppChain integrates Chainlinks Runtime Environment, known as CRE, to automate collateral workflows that have historically relied on manual processes. Instead of humans shuffling spreadsheets and making phone calls to verify asset values across time zones, smart contracts handle the pricing and settlement automatically.　　The platform is designed to operate 24/7, a meaningful departure from the traditional finance world where collateral management is typically constrained by business hours and geographic boundaries. The goal is near-real-time collateral movement across different blockchains and international markets.　　DTCC unveiled the initiative on May 12, 2026, during what the firm calls its Great Collateral Experiment. The Collateral AppChain is slated to launch in Q4 2026.　　Nadine Chakar, DTCCs Managing Director, framed the partnership around the transformative potential of unified onchain data. The vision is a shared infrastructure layer that multiple participants in the collateral ecosystem, think banks, asset managers, custodians, can plug into rather than each maintaining their own siloed systems.　　The

05-14Industry

2026 Preakness Stakes Preview: Laurel Park Hosts Historic Running, Full Field Analysis

The 2026 Preakness Stakes will be contested at Laurel Park in the great state of Maryland for the first time ever. Historically run at Pimlico Race Course, also in Maryland, the second jewel in the Triple Crown series for three-year-old Thoroughbreds has been relocated this year due to renovations being made to this Baltimore oval.　　This 151st edition of one of the nations most historic races has a full field of fourteen colts bucking for their spot in the history books and their share of $2 million in purse money. A notable absentee from the group will be Kentucky Derby winner Golden Tempo as his connections have decided to bypass the race and await the Belmont Stakes on June 6. Because only three Kentucky Derby runners (Ocelli, Robusta, Incredibolt) have decided to make the two-week turnaround, a larger group of glory-seekers are eager to enter the starting gates. That is great news for fans and the speculating public.　　A capacity field makes for great competition and hefty potential payouts for those who invest wisely. Let‘s take a look at the field and provide a thought on each. The runner’s will be listed by post position with trainer, jockey, and morning line. The

05-14Industry

MEXC Confirms Strong Asset Backing in Hacken-Audited May 2026 Proof of Reserves Report

The May 2026 Proof of Reserves snapshot has been audited by Hacken, a globally recognized blockchain security firm, validating the Merkle Tree construction, wallet ownership, and reserve adequacy. MEXC consistently publishes a verifiable Proof of Reserves every month, setting a transparency standard for the industry and providing users with clear, verifiable asset information.　　Since its founding, MEXC has placed users at the core of its operations. The regular publication of Proof of Reserves reflects its ongoing commitment to transparency and user protection. In addition, MEXC is further strengthening its multi-layered asset protection framework through the Guardian Fund initiative. The fund is set to expand from $100 million to $500 million over the next two years and includes the acquisition of 1,000 Bitcoin, forming a dual-reserve structure composed of highly liquid USDT reserves and long-term Bitcoin holdings. This structure is designed to enhance liquidity readiness and structural resilience, reinforcing asset protection across all market conditions.　　To view the latest Proof of Reserves snapshot and audit report, please visit MEXCs Proof of Reserves page.　　About MEXC　　MEXC is the worlds fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to

05-14Industry

British Pound: Volatility focus shifts to politics – DBS

Finance　　British Pound: Volatility focus shifts to politics – DBS　　DBS Bank‘s Philip Wee reviews recent FX volatility through the Pound, noting that GBP has been more resilient than EUR and CHF since Operation Epic Fury, helped by the UK’s lower exposure to the energy shock and higher policy rates. However, he highlights that GBP has recently underperformed as markets refocus on UK political risks and reassess Bank of England tightening expectations.　　Pound resilience gives way to politics risk　　“Following the start of Operation Epic Fury, GBP (-1.9%) was more resilient than the EUR (-2.2%) and CHF (-3.8%) in March.”　　“In April, GBP (+2.9%) outperformed the CHF (+2.3%) and EUR(+1.5%).”　　“However, GBP (-0.6%) underperformed the EUR (-0.2%) and CHF(-0.1%) in the first half of May.”　　“Markets now see GBP facing a reality check as focus shifts from the US-Iran conflict to 10 Downing Street.”　　“In the end, the GBP‘s outlook remains tethered to the escalation or resolution of the Iran conflict, primarily because of how it dictates the USD’s strength.”　　“UK politics drives GBP when it threatens fiscal solvency in a major way, such as Lizz Trusss mini-budget crisis in 2022. Like it or not, GBP is still holding on to its post-Operation Epic Fury appreciation, in contrast to

05-14Industry

BoE Considers Easing UK Stablecoin Caps After Industry Backlash

The central bank argued that limits were needed to avoid a sudden outflow of deposits from commercial banks into new forms of “tokenised” money if a large stablecoin were rapidly adopted for payments.　　Industry groups and prospective issuers countered that the caps were operationally cumbersome, hard to supervise across platforms, and could deter serious institutional use of regulated UK stablecoins in areas like corporate treasury, payroll and settlement.　　BoE rethinks stablecoin caps after pushback　　Breeden has been one of the most cautious voices on stablecoins within the BoE. In November 2025, she warned that diluting the rules too far could damage financial stability, stressing that stablecoins are money-like instruments that must be at least as safe and robust as existing payments infrastructure.　　At the time, she backed stringent liquidity requirements that would force stablecoin issuers to park large portions of their reserves at the central bank and hold the rest in high-quality liquid securities such as UK government bonds.　　Law firms and potential issuers argue that such a structure would significantly compress margins and make UK stablecoin issuance far less attractive than operating under the United States or European Union regimes.　　UK hunts for middle ground on stablecoins　　The shift in tone highlights how UK policymakers are

05-14Industry

NVIDIA and Alphabet Surge While Bitcoin Awaits CLARITY Act

Bitcoin has already shown it can move into the same valuation conversation as mega-cap tech companies. In April 2025, Bitcoin became the fifth-largest global asset by market capitalization after surging above $94,000.　　Its valuation reached roughly $1.86 trillion at the time, briefly pushing it ahead of Alphabet, Googles parent company. The move came during improving risk sentiment tied to easing US-China trade tensions.　　The market environment differed from Bitcoin‘s earlier move above $109,000. Even though Bitcoin’s market cap had previously crossed $2 trillion, large tech stocks were trading at much higher valuations at that time, preventing BTC from overtaking them in the rankings.　　CLARITY Act Could Become the Next Trigger　　Crypto markets are closely watching the CLARITY Act as the Senate Banking Committee prepares for markup discussions.　　The bill is viewed as one of the largest attempts to establish federal market structure rules for digital assets in the United States. A positive outcome could reduce regulatory uncertainty around exchanges, custody, token classification, and institutional participation.　　If the CLARITY Act passes, Bitcoin could see increased institutional demand and capital inflows as regulatory uncertainty declines. Currently, BTC ranks as the 12th-largest asset globally. Bitcoin previously surpassed Alphabet during the 2025 rally, and some market participants believe clearer U.S.

05-14Industry

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