Latest Crypto News & Market Updates

Ross Gerber Rips Robinhoods Crypto Strategy

Crypto　　Ross Gerber Rips Robinhoods Crypto Strategy　　Prominent wealth manager Ross Gerber has slammed Robinhood following its latest quarterly report.　　The financial pundit has described the retail trading platform as nothing more than a “gambling app.”　　The companys Q1 report has shown a massive drop in cryptocurrency volumes.　　ASTEROID Whales Pivot to New Memecoins but Lose All of Their Money　　Ripple CEO on XRP: ‘Lock In’　　The shares of Robinhood (HOOD) have tumbled by roughly 8% in post-market trading.　　“Nothing more than a casino”　　Robinhoods heavy reliance on high-risk and speculative trading activity has apparently backfired.　　“They only make money when you gamble and lose on…. stock options, crypto and betting,” Gerber stated. “This is a gambling app, nothing more. They make money when you lose.”　　Robinhoods most lucrative quarters have historically been driven by massive retail speculation in meme stocks and volatile cryptocurrencies.　　The crypto slump　　Robinhood posted a 15% year-over-year increase in total revenue to $1.07 billion, but it still fell short of Wall Streets $1.14 billion estimate.　　Adjusted earnings per share came in at $0.38, which was below expectations.　　As mentioned above, the platform has experienced a massive 47% collapse in crypto trading revenue. It has plummeted to $134 million from $252 million a year earlier.　　The platform is waiting for the next

04-29Industry

Bitcoin Hash Ribbons Flash Buy, But This Time Comes With A Catch

Bitcoin　　Bitcoin Hash Ribbons Flash Buy, But This Time Comes With A Catch　　Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.　　His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.　　With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jakes insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.　　Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current

04-29Industry

Canada Puts Crypto ATMs on the Ban Agenda

Crypto　　Canada Puts Crypto ATMs on the Ban Agenda　　The Canadian federal government has brought banning crypto ATMs entirely onto the agenda; it is targeting these devices, which it sees as the main actors in fraud and money laundering operations. In the spring economic update published on Tuesday, officials described crypto ATMs as “a primary tool for fraud and converting illicit proceeds to cash” and proposed formalizing the ban. Even if the ban comes into effect, Canadians will still be able to purchase crypto assets from legitimate physical money services businesses. The government has not yet disclosed details or the timeline of the proposal; however, this move aims to sharply limit exploitation cases in the sector. This step prioritizes minimizing the risks created by anonymous transactions.　　The 4,000 Crypto ATM Network in Canada and Its Dangers　　The approximately 4,000 crypto ATMs in the country host one of the worlds highest concentrations; according to CBC News data, this network operates without private sector regulations. These devices are becoming the favorites of scammers due to high commission rates (usually %10-20) and lack of identity verification. Cash-to-crypto quick purchases facilitate the instant conversion of criminal proceeds.　　Global Regulations: USA, Australia, and More　　The state of Indiana imposed a statewide

04-29Industry

Elon Musk Claims He Created OpenAI — Legal Team Says Power Struggle Behind Lawsuit

Tech　　Elon Musk Claims He Created OpenAI — Legal Team Says Power Struggle Behind LawsuitElon Musk claimed in court he established OpenAI, provided initial capital, and brought in its core team membersThe lawsuit targets OpenAI, Sam Altman, and Greg Brockman for allegedly betraying the nonprofit charterMusk demands $150 billion in damages, proposing funds be directed to OpenAIs nonprofit divisionDefense attorneys contend Musk pursued control and filed suit after being denied leadership authorityThe presiding judge cautioned Musk about online commentary following his “Scam Altman” posts on X　　Elon Musk appeared in a San Francisco federal courtroom Tuesday, delivering testimony in his legal action against OpenAI and its executives Sam Altman and Greg Brockman. The case questions whether OpenAI violated its original commitment to operate as a nonprofit serving humanitys interests.　　During his testimony, Musk asserted he originated the concept for OpenAI, assembled its founding team, and supplied the initial capital. “I came up with the idea, the name, recruited the key people, taught them everything I know, provided all of the initial funding,” he stated under oath.　　Musk emphasized his intentional decision to establish a nonprofit structure. “It was specifically meant to be for a charity that does not benefit any individual person,” he explained.

04-29Industry

Iran keeps Strait of Hormuz closed, deepening global supply chain disruptions

Tech　　Iran keeps Strait of Hormuz closed, deepening global supply chain disruptions　　Irans continued closure of the Strait of Hormuz during the US-Israel conflict has deepened global supply chain disruptions. The market for Strait of Hormuz traffic normalization by May 15 is at 15.5% YES, up slightly from 14% twenty-four hours ago.　　Market reaction　　The May 31 market for Trump lifting the US blockade of Hormuz fell sharply to 50.5% YES, down from 58% a day ago. Traders see little chance of a quick resolution. The largest single move was a 12-point spike in the May 31 market, which settled back down, suggesting volatile positioning driven by speculation rather than concrete diplomatic progress.　　The Strait of Hormuz traffic market has $1,000,111 in face value per day but only $184,621 in actual USDC. It takes $37,667 to move the price by 5 points, enough to absorb moderate institutional trades but still vulnerable to large orders. The Trump blockade market has $554,169 in face value and $322,748 in real trades, requiring $16,155 for a 5-point move.　　Why it matters　　The closure affects not just oil and LNG but also critical minerals, with broader economic consequences. At 15.5¢, a YES bet on Hormuz traffic normalizing by May 15 pays $1,

04-29Industry

Startale Group Embeds Privacy Boost, Enables Sub-500ms Shielded Asset Transfers

Tech　　Startale Group Embeds Privacy Boost, Enables Sub-500ms Shielded Asset TransfersStartale Group chooses Sunnyside Labs to bring native privacy to its consumer-facing app.Privacy Boost delivers 1,800+ transactions per second on Soneium to solve transparency issues.Startale will expand private payment flows and Mini Apps as its ecosystem scales on the Sony .　　Infrastructure for Private Transfers　　Startale Group announced April 28 that it has chosen Sunnyside Labs‘ Privacy Boost as the official privacy partner for the Startale app, marking the protocol’s first integration into a consumer-facing platform. Privacy Boost will deploy directly on Soneium, the developed by Sony Block Solutions Labs, and embed into the app to provide self-custodial, onchain privacy features.　　The app, designed as a gateway to the onchain economy, supports asset management, payments, mini apps and ecosystem rewards. The partnership aims to address transparency issues in blockchain transactions, where balances, amounts and counterparties are visible by default.　　According to a media statement, Privacy Boost uses a hybrid system of zero-knowledge proofs and trusted execution environments to enable private transfers with proof generation under 500 milliseconds and throughput above 1,800 transactions per second. The system maintains user control while allowing selective auditability for compliance.　　“Not every transaction needs to be private, but every user should

04-29Industry

W3.io Launches AI-Powered Finance Control Platform on Avalanche

Tech　　W3.io Launches AI-Powered Finance Control Platform on AvalancheAI agents are reshaping enterprise finance by executing payments, rebalancing positions, and moving capital without waiting for human approval.The W3 platform integrates a wide range of modular financial services into unified workflows.　　Recently, W3.io (W3) made an announcement on the launch of the first control platform for agent-powered finance on the Avalanche network. This platform is already capable of performing more than 200,000 processes per day across five different enterprise verticals. Businesses are able to build, automate, and govern their financial operations, and then implement them in a single day, rather than months, thanks to the platform. An investment of strategic importance in W3 has been made by the Avalanche Foundation in order to speed up the process. The conditions were not made public.　　AI agents are reshaping enterprise finance by executing payments, rebalancing positions, and moving capital without waiting for human approval. This changes the way enterprise finance is being done. They were developed for static workflows and human operators, and the controls that were supposed to regulate those choices were not designed to keep up with the pace of the situation. This leads to a vacuum in responsibility that widens with each new

04-29Industry

T. Rowe Price amends active crypto ETF filing, moving closer to launch

TKNZ fund prospectus. Source: Eric Balchunas.　　Holding approximately $1.78 trillion in assets under management, T. Rowe Price has structured the proposed fund as an actively managed product that would invest directly in spot crypto assets, while avoiding leverage or complex derivatives, according to its SEC filings.　　Active structure targets multi-asset exposure　　Details outlined in the filing show the ETF is expected to hold between 5 and 15 cryptocurrencies selected under the SECs generic listing standards, moving away from the single asset structure seen in existing Bitcoin and Ethereum spot ETFs.　　Eligible assets listed in the filing include Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Litecoin, Dogecoin, Hedera, Bitcoin Cash, Chainlink, Stellar, and Shiba Inu, with portfolio allocations guided by fundamentals, valuation, and momentum rather than market size alone.　　An index snapshot included in the filing indicates Bitcoin carries a 42.83% weight, followed by Ethereum at 19.09%, while XRP stands at 10.56% and Solana at 7.93%, with smaller allocations assigned to assets such as Dogecoin, Cardano, and Avalanche.　　Fund managers are expected to adjust holdings over time based on market conditions and internal research, with the stated objective of outperforming the FTSE Crypto US Listed Index, according to the prospectus.　　Filing builds on earlier push into crypto ETFs　　An earlier

04-29Industry

SHIB Price Prediction: Dead Money Until Bitcoin Breaks $70K

Market Context: Why SHIB is Moving Now　　SHIB has hit the wall that kills meme coin momentum: complete trader apathy. Daily volume on major exchanges has collapsed to levels that make meaningful price discovery impossible. When a token that once moved 20% on Elon Musk tweets barely budges on any news, you know the speculative energy has drained out.　　The token reflects the broader meme coin malaise gripping markets. Without Bitcoin pushing toward new highs or a fresh narrative cycle, SHIB remains trapped in the twilight zone where neither bulls nor bears have conviction. This isn‘t technical analysis territory anymore – it’s market psychology at its most neutral.　　Indicator Alignment　　The charts tell the story of a market that‘s checking out. RSI sits dead center at 52, MACD shows minimal momentum either direction, and price action hugs the middle of its recent range like it’s afraid to commit. Bollinger Bands have contracted to levels that typically precede either explosive moves or extended sideways grinding.　　Volume patterns reveal the real issue. Without sustained buying pressure above current resistance or selling conviction below support, SHIB drifts in the technical equivalent of purgatory. The moving averages have essentially merged into a flat line – a classic setup for

04-29Industry

Bitcoin Conference Returns to Nashville for 2027

Bitcoin　　Bitcoin Conference Returns to Nashville for 2027　　NASHVILLE, TN, April 28, 2026 — BTC Inc., a subsidiary of Nakamoto Inc. (NASDAQ: NAKA) (“the Company”) and the organizer of the worlds largest Bitcoin conference, today announced that Bitcoin 2027 will take place in Nashville, Tennessee on July 15–17, 2027. The conference returns to Nashville following two consecutive years at The Venetian in Las Vegas.　　A Return to Nashville　　Nashville holds particular significance for BTC Inc. The Company was founded and is headquartered in Nashville, and Bitcoin Magazine has operated out of the city throughout its growth as a global publication. In 2026, BTC Inc. opened BMAG, the Bitcoin Museum & Art Gallery, a cultural institution dedicated to art, research, and the preservation of Bitcoin‘s history, which operates out of the Company’s Nashville office. Bitcoin 2027 reflects the companys continued investment in the city.　　Nashville was also the site of Bitcoin Conference 2024, held at Music City Center, where then-presidential candidate Donald J. Trump delivered a keynote address to more than 22,000 attendees. This marked the first time a major U.S. presidential candidate had addressed the global Bitcoin community from the conference stage.　　“Nashville is where BTC Inc. was built and where Bitcoin Magazine has grown into

04-29Industry

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