Latest Crypto News & Market Updates

US-Iran tensions boost crude prices, lift Sinopec and CNOOC earnings

Tech　　US-Iran tensions boost crude prices, lift Sinopec and CNOOC earnings　　The Polymarket contract for Crude Oil by End of June has moved to 15% YES as the US-Iran conflict drives crude prices higher, with Chinas Sinopec and CNOOC gaining from the rally.　　Market reaction　　The WTI Crude Oil Price April 2026 market, with one day remaining, has odds for hitting $160 sitting at speculative levels, driven more by geopolitical tension than concrete supply disruptions. The contract has recorded no trades in the last 24 hours, and the order book is thin enough that even a moderate order could shift odds substantially.　　Why it matters　　The $90 crude oil contract is pricing in expectations that the Middle East conflict will produce real supply constraints, not just headline risk. At current levels, a YES share offers a high potential payout, but that price reflects the markets judgment that actual supply disruption remains unlikely. The gap between geopolitical noise and physical oil market impact is what traders are betting on.　　What to watch　　OPEC+ production decisions are the most direct catalyst. Any announcement of additional cuts would tighten supply into an already nervous market. Changes in US-Iran relations, whether escalation or de-escalation, would move these contracts quickly. Saudi Arabia‘s and

04-29Industry

Will the Uptrend Continue with the BTC Accumulation Strategy?

Bitcoin　　Will the Uptrend Continue with the BTC Accumulation Strategy？　　Bitwise Chief Investment Officer Matt Hougan predicts that Bitcoin‘s recent rise could continue for quite some time thanks to a special stock issuance in the BTC detailed analysis. The cryptocurrency has recovered about 20% from its February lows and settled at 76.923,70 dollars (+%0,08 in 24 hours). This rally was supported by ETFs making 3.8 billion dollars in purchases since March 1 and long-term holders’ buys; however, Strategy succeeded in being the biggest factor by accumulating 7.2 billion dollars worth of Bitcoin over the last eight weeks.　　How is Strategys BTC Accumulation Supporting the Price？　　Hougan emphasizes that the company accelerated this accumulation with funds obtained by issuing its perpetual preferred share called STRC. The company finances Bitcoin purchases with this instrument while also strengthening market liquidity. STRC is an instrument that trades like a stock but offers a bond-like 11.5% yield. It purchased 3.273 BTC for 255 million dollars last week and increased its total to 818.334 BTC. At current prices, dividend payments appear sustainable for 42 years. According to Hougan, with a 20% annual rise, dividends could be paid forever; reserves exceeding 40 billion dollars provide great security.　　Critical Support and Resistance Levels

04-29Industry

GBP/USD: Range trading expectations – UOB

Finance　　GBP/USD: Range trading expectations – UOB　　UOBs strategists Quek Ser Leang and Lee Sue Ann note GBP/USD failed to extend gains after touching 1.3576, instead dipping to 1.3464 before closing near 1.3520. They see no strong momentum either way and expects intraday trade between 1.3480 and 1.3545, while the broader 1–3 week bias keeps the pair in a 1.3440–1.3580 range.　　Pound-Dollar stuck in band　　“24-HOUR VIEW: GBP rose to 1.3576 two days ago and then quickly retreated. Yesterday, we noted that ”there has been no significant increase in upward momentum, and GBP is unlikely to rise much further.“ We expected GBP to ”trade between 1.3500 and 1.3580.“ We were incorrect as GBP dropped briefly to 1.3464 and then rebounded to close slightly lower at 1.3519 (-0.10%). There is no increase in downward momentum with the brief decline, and the current price movements appear to be part of a range-trading phase. Today, we expect GBP to trade between 1.3480 and 1.3545.”　　“1-3 WEEKS VIEW: In our most recent narrative was from two days ago (27 Apr, spot at 1.3515), we highlighted that the recent price action ”suggests that GBP remains in a range-trading phase, most likely between 1.3440 and 1.3580.“ We continue to hold the

04-29Industry

WLD Price Prediction: Sub-$0.20 Breakdown Imminent as Technical Collapse Accelerates

WLDs Technical Reality Check　　Worldcoin is bleeding out in slow motion. Trading at $0.25 with RSI sitting at 39, we‘re watching a textbook breakdown unfold. The MACD histogram flat-lining at zero tells the story – momentum has completely evaporated, and buyers have thrown in the towel. What’s particularly damning is WLD‘s position within the Bollinger Bands at just 0.20, meaning it’s hugging that lower support like a desperate climber on a cliff edge.　　The moving average cascade paints an even grimmer picture. Price is trading 51% below the 200-day SMA at $0.51, while even the shorter-term 20-day SMA at $0.28 acts as concrete resistance overhead. This isnt a dip – this is structural damage that screams further downside.　　Volume & Price Alignment　　Here‘s where things get interesting from a contrarian perspective. Despite the technical carnage, Binance spot volume remains relatively healthy at $5 million daily, suggesting this isn’t complete capitulation yet. But the derivatives market tells a different story entirely.　　The funding rate has flipped negative at -0.0322%, meaning shorts are actually paying longs – a classic late-stage bearish signal where even the bears are getting exhausted. More telling is the aggressive selling pressure with taker buy/sell ratio at 0.87, showing market makers are getting

04-29Industry

US-Iran tensions boost crude prices, lift Sinopec and CNOOC earnings

Tech　　US-Iran tensions boost crude prices, lift Sinopec and CNOOC earnings　　The Polymarket contract for Crude Oil by End of June has moved to 15% YES as the US-Iran conflict drives crude prices higher, with Chinas Sinopec and CNOOC gaining from the rally.　　Market reaction　　The WTI Crude Oil Price April 2026 market, with one day remaining, has odds for hitting $160 sitting at speculative levels, driven more by geopolitical tension than concrete supply disruptions. The contract has recorded no trades in the last 24 hours, and the order book is thin enough that even a moderate order could shift odds substantially.　　Why it matters　　The $90 crude oil contract is pricing in expectations that the Middle East conflict will produce real supply constraints, not just headline risk. At current levels, a YES share offers a high potential payout, but that price reflects the markets judgment that actual supply disruption remains unlikely. The gap between geopolitical noise and physical oil market impact is what traders are betting on.　　What to watch　　OPEC+ production decisions are the most direct catalyst. Any announcement of additional cuts would tighten supply into an already nervous market. Changes in US-Iran relations, whether escalation or de-escalation, would move these contracts quickly. Saudi Arabia‘s and

04-29Industry

USD/CHF holds losses below 0.7900 ahead of ZEW Swiss Survey Expectations

Finance　　USD/CHF holds losses below 0.7900 ahead of ZEW Swiss Survey Expectations　　USD/CHF inches lower after registering nearly 0.5% gains in the previous day, trading around 0.7890 during the early European hours on Wednesday. The pair declines as the Swiss Franc (CHF) receives support ahead of the release of ZEW Survey – Expectations for April.　　However, the upside for the Swiss Franc (CHF) may be limited as traders anticipate intervention by the Swiss National Bank (SNB) to weaken the currency. SNB Chairman Martin Schlegel reiterated at the April meeting that the central bank stands ready to intervene in FX markets by purchasing foreign currencies to curb CHF strength and maintain price stability.　　Additionally, the US Dollar (USD) gains ground against its major peers on safe-haven demand after reports that the United States (US) may extend its blockade on Iran, prolonging supply disruptions across the Middle East.　　The Wall Street Journal reported on Wednesday that US officials said President Donald Trump has instructed aides to prepare for an extended blockade of Iran. The report noted that Trump opted to continue pressuring Irans economy and oil exports by restricting shipping to and from its ports. Sources added that he considers alternative options, such as resuming bombing or

04-29Industry

Europes central banks in wait-and-see mode on interest rates

When the Iran war started in late February, it upended the BOEs forecasts for inflation to start cooling towards its 2% target.　　The bank said in March it expected inflation is now likely to peak between 3% and 3.5% in the second and third quarters of 2026, due to higher energy prices, but cautioned that uncertainty over the war made predictions tricky. The last data showed inflation jumped to 3.3% in the twelve months to March, up from 3% recorded the month before.　　A series of interest rate cuts were expected in 2026, but those predictions reversed once the war broke out with the expectation that the bank will hike rates this year.　　Those expectations have diminished, however, and economists now expect the majority of BOEs nine-member monetary policy committee (MPC), led by Governor Andrew Bailey, to show extreme caution on monetary policy.　　Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the banks headquarters in the City of London, UK, on Thursday, Aug. 1, 2024.　　Bloomberg | Bloomberg | Getty Images　　A majority of economists polled by Reuters last week said they expected the BOE to keep rates unchanged for the rest of the year, arguing policymakers

04-29Industry

WLD Price Prediction: Sub-$0.20 Breakdown Imminent as Technical Collapse Accelerates

WLDs Technical Reality Check　　Worldcoin is bleeding out in slow motion. Trading at $0.25 with RSI sitting at 39, we‘re watching a textbook breakdown unfold. The MACD histogram flat-lining at zero tells the story – momentum has completely evaporated, and buyers have thrown in the towel. What’s particularly damning is WLD‘s position within the Bollinger Bands at just 0.20, meaning it’s hugging that lower support like a desperate climber on a cliff edge.　　The moving average cascade paints an even grimmer picture. Price is trading 51% below the 200-day SMA at $0.51, while even the shorter-term 20-day SMA at $0.28 acts as concrete resistance overhead. This isnt a dip – this is structural damage that screams further downside.　　Volume & Price Alignment　　Here‘s where things get interesting from a contrarian perspective. Despite the technical carnage, Binance spot volume remains relatively healthy at $5 million daily, suggesting this isn’t complete capitulation yet. But the derivatives market tells a different story entirely.　　The funding rate has flipped negative at -0.0322%, meaning shorts are actually paying longs – a classic late-stage bearish signal where even the bears are getting exhausted. More telling is the aggressive selling pressure with taker buy/sell ratio at 0.87, showing market makers are getting

04-29Industry

Bitcoin Stable Around 77.300$, Oil Surpasses 111$

Bitcoin　　Bitcoin Stable Around 77.300$, Oil Surpasses 111$　　Bitcoin remains stable around $77.329 amid geopolitical storms, while other major cryptocurrencies are giving back their gains. Oil prices exceeded $111 in Brent due to news of the US extending the Strait of Hormuz blockade against Iran. BTC rose +%0,60 in the last 24 hours to hold at $77.329, but declined %0,8 weekly. Ether fell %2,6 to $2.310; majors like XRP, Solana, BNB, and Dogecoin lost value.　　Critical Support and Resistance Levels for BTCSupports: S1: 76.439$ (Strong, %84 score, -%1,18 distance); S2: 72.632$ (Strong, %71 score, -%6,10 distance)Resistances: R1: 80.313$ (Strong, %75 score, +%3,83 distance); R2: 77.551$ (Medium, %59 score, +%0,26 distance)　　RSI 58,80 (neutral), sideways trend, Supertrend bearish. EMA 20: 75.603$. Click for detailed BTC analysis. Bitget analysts see 75.000$ as the trend break boundary; a loss would push down, while 80.000$ protects the rally.　　Bitcoins Market Dominance and Analyst Views　　According to the Wall Street Journal, Trump ordered the blockade extension. Warm to opening the strait if the Iran port blockade is lifted. The oil surge is increasing inflation pressure. Zaheer Ebtikar from Split Research: BTC supply excess has depleted, sellers have capitulated; market is thin, sensitive to volatility. BTC dominance rises amid macro tensions. Fed

04-29Industry

Pump.fun Burns $370M in PUMP, Launches New Buyback Plan

Tech　　Pump.fun Burns $370M in PUMP, Launches New Buyback Plan　　The Solana-based platform also launched a new one-year buyback-and-burn program that will use 50% of future net revenue to purchase and permanently burn PUMP tokens through a locked smart contract. The remaining 50% of revenue will be used for business expansion.　　Pump.fun Burns 36% of PUMP Supply　　, the Solana-based meme coin launchpad, a major shift in its token strategy by burning all previously bought-back PUMP tokens and introducing a new long-term buyback-and-burn program.　　According to the company, the tokens destroyed were worth approximately $370 million and represented around 36% of PUMPs circulating supply. The move was presented as a direct response to from the community about transparency, trust, and the long-term future of the project.　　Pump.fun acknowledged that many users questioned the platforms longevity, whether buybacks would continue, and how repurchased tokens would eventually be used. By permanently burning all of the accumulated tokens, the company said it wanted to remove uncertainty and clearly prove a stronger commitment to token holders.　　tokens reduces supply permanently, which can create scarcity and potentially support value over time.　　Alongside this one-time burn, Pump.fun also launched a new automated buyback-and-burn system that will run for one year. Under the new plan,

04-29Industry