Latest Crypto News & Market Updates

SoftBank cuts OpenAI-backed loan target to $6B as lenders balk at valuation

SoftBank has cut a planned OpenAI‑backed margin loan from around $10 billion to roughly $6 billion after banks and private credit funds pushed back on the deals structure and the difficulty of valuing OpenAI, an unlisted AI unicorn.SoftBank Group is shrinking a planned margin loan backed by its OpenAI stake from about $10 billion to roughly $6 billion after lenders pushed back.Banks and private credit funds have raised concerns over how to value OpenAI, an unlisted company, and about the structure of the deal.The two‑year loan, extendable by one year, was meant to fuel SoftBanks next wave of AI investments without selling down its OpenAI equity.　　SoftBank Group is scaling back an ambitious financing plan that would have raised around $10 billion using its OpenAI shares as collateral, after lenders balked at both the structure of the margin loan and the private valuation underpinning the deal.　　According to Bloomberg, cited by Reuters and other outlets, SoftBank and its arranging banks have floated a reduced target “as low as $6 billion” in recent discussions with prospective lenders, implying a 40% cut from the original size. U.S. News reported that the initial pitch “had investors concerned about the difficulty of reaching a valuation for

05-09Industry

What To Know About Trump’s Latest Tariffs Being Struck Down

A federal trade court has struck down President Donald Trump‘s latest Section 122 tariffs, halting the 10% levy on most imports and opening the door to another round of refund claims for U.S. companies. The ruling comes just weeks after the Supreme Court invalidated Trump’s earlier use of the International Emergency Economic Powers Act of 1977 to impose sweeping global tariffs.　　Following that decision, Trump turned to the seldom-used Section 122 to issue a new 10% tariff on most imported goods. But with this latest setback, uncertainty has grown over what future tariffs may look like and how far the administration can go in imposing them without congressional approval. Despite the legal defeats, Trump has remained steadfast in seeking new avenues to apply tariffs on goods entering the U.S.　　Trumps Tariff Strategy, Revisited　　Early in his second term as President, Trump invoked the IEEPA to impose sweeping tariffs on Canada, Mexico and China. A couple of months later, on “Liberation Day,” Trump used the same law to impose a 10% tariff on most goods imported globally, as well as tariffs on specific countries labeled as reciprocal tariffs.　　However, one key issue with these tariffs kept surfacing — the U.S. Constitution assigns tariff authority to

05-09Industry

MLB Best Home Run Bets For May 8, 2026—Kurtz And Baldwin

Monday‘s MLB best home run bets were two duds, as neither Liam Hicks nor Moises Ballesteros hit a homer. As a result, the best home run bets sit at a line of 7-23, with two no bets for players who didn’t start.　　After entering Monday night with a $1,000 in profit for the readers and gamblers who wagered $100 on each of the touted home run props at the listed odds, the season‘s profits dipped to $800 with the losing wagers. Still, the best home run bets are running well this year, and the following two players offer compelling odds and an opportunity to add to the season’s profits and fend off the inevitable losing picks that will eat into the profits.　　MLB Best Home Run BetsNick Kurtz (Athletics – 1B)　　Over 0.5 Home Runs (+350) at theScore Bet　　After hitting 36 home runs in 489 plate appearances for the Athletics as a rookie in 2025, Nick Kurtz‘s five homers through 167 plate appearances this year have been a disappointment. Fortunately, Kurtz’s underlying data is still outstanding, and the home runs should come more frequently if he continues to crush the baseball.　　Among 274 qualified batters this year, Kurtz is tied for 60th in barrels

05-09Industry

SoftBank cuts OpenAI-backed loan target to $6B as lenders balk at valuation

05-09Industry

Bitget Launches “Fan Story: UEX Through Your Eyes” Campaign with 100,000 USDT Prize Pool

Victoria, Seychelles, May 8, 2026 – Bitget, the worlds largest Universal Exchange (UEX), today launched its new community campaign, “Bitget Fan Story: UEX Through Your Eyes,” inviting eligible users worldwide to share their Bitget journey on social media for a chance to claim a share of a prize pool worth up to 100,000 USDT, along with exclusive Bitget Fan Club merchandise.　　The campaign, running from May 7, 2026 to May 20, 2026, aims to spotlight the voices of Bitget users, from early adopters and long-term traders to community contributors and feature testers, whose experiences reflect the platform‘s evolution and global expansion. Participants are encouraged to share their real experiences with Bitget’s one-stop Universal Exchange (UEX) ecosystem – how it helps them access more products, asset types, and trading opportunities, all in one place. The prize pool will grow as participation increases, with a community milestone mechanism that adds to the reward pool for every 500 new participants, up to a total of 100,000 USDT.　　“Bitgets community is built by users from all walks of life, not only top traders, but anyone who engages, contributes, and grows with us,” said Gracy Chen, CEO of Bitget. “With this campaign, we want to spotlight the

05-09Industry

TradingView Bot: Complete Guide to Automating Your TradingView Strategies

Turning your chart analysis into actual trades used to mean sitting at your desk waiting for setups. In 2026, a TradingView bot changes that equation entirely. This guide walks you through everything you need to know about connecting your TradingView strategies to live markets through automated trade execution.　　Key TakeawaysA TradingView bot turns TradingView alerts into real trades on connected exchanges and brokers, bridging analysis and execution in 2026s trading landscapeTraders use Pine Script strategies and indicators on TradingView, then send alerts via webhook to automation platforms for fully automated tradingA solid trading bot setup requires tested trading strategies, reliable market data, risk management with stop loss and take profit rules, and support for multiple brokers and asset classesAutomation reduces emotional trading decisions and missed setups, but traders must still monitor performance and adjust when market conditions changeYoull learn what TradingView bots are, how they work, how to connect them to supported exchanges, and how to validate that a strategy works before going live　　What Is a TradingView Bot？　　A TradingView bot is software that listens to TradingView alerts and automatically sends orders to exchanges or brokers. It acts as the bridge between your analysis on charts and actual order execution in financial

05-09Industry

IREN Stock Forecast: $3.4B Nvidia AI Deal Sends Shares Higher

Investor enthusiasm intensified after IREN disclosed a five-gigawatt strategic partnership with Nvidia tied to future AI infrastructure deployment across its expanding global data center network. The announcement immediately reshaped market attention around the companys long-term growth story.　　Nvidia Partnership Reshapes IRENs AI Ambitions　　The biggest catalyst came from IRENs new five-year, $3.4 billion AI cloud agreement with Nvidia centered on air-cooled Blackwell GPUs. The deployment will begin within existing data center operations at Childress and is expected to ramp up in early 2027.　　At the same time, Nvidia secured the right to purchase up to 30 million IREN ordinary shares at $70 each over five years. If fully exercised, the arrangement could translate into as much as $2.1 billion in potential investment.　　That development matters because investors increasingly view access to power, cooling infrastructure, and data center capacity as critical assets in the AI race. IREN now positions itself directly inside that conversation.　　The company also confirmed that future deployments will focus heavily on Nvidia-aligned DSX AI factory infrastructure, particularly at its two-gigawatt Sweetwater campus in Texas.　　Bitcoin Mining No Longer Drives The Entire Story　　For years, IREN operated mainly as a Bitcoin mining company under its former Iris Energy identity. That narrative now appears to be

05-09Industry

SBF has joined Pam Bondi on team Dow 50K

From his prison cell at FCI Lompoc, Sam Bankman-Fried (SBF) is running the same Donald Trump-cheerleading play that Pam Bondi ran right before Trump fired her. Hes joined Bondi on team “Dow 50K.”　　The convicted FTX fraudster‘s proxy-run X account posted on Wednesday that the S&P 500 had hit a record level of 7,365. The index, the ex-FTX CEO claimed, had rallied an impressive 22.8% since Trump’s second inauguration.　　At the corresponding time during Joe Bidens presidency, it was up just 7%.　　It is a near-perfect echo of the rhetorical move that turned Bondis glaze into a meme.　　At her February 2026 House Judiciary hearing on the Department of Justices handling of the Jeffrey Epstein files, the then-US attorney general abruptly pivoted away from questions about the files.　　Instead of responding, she started reciting stock index prices instead, reminding lawmakers that the Dow Jones Industrial Average index was over 50,000, the S&P near 7,000, and that Americans 401(k) retirement accounts were “booming.”　　The clip of her desperate attempt to defend Trump went viral.　　Dow 50K became a meme　　Despite her attempts to defend Trump amid a Congressional inquiry into her own mismanagement, Trump fired her on April 2.　　SBF is serving 25 years for stealing roughly $8 billion from

05-09Industry

Ripple’s $25M Education Initiative Transforming U.S. Classrooms

Ripples $25M Teacher Giving Campaign Is Delivering Real Impact in Classrooms Nationwide　　Last year during Teacher Appreciation Week, Ripple to DonorsChoose and Teach For America, two organizations deeply embedded in supporting educators.　　A year later, that announcement has moved beyond headlines, showing up in real classrooms, reaching real students, and delivering an impact that goes far beyond the scale of the donation itself.　　The funding has supported 48,108 classroom projects across all 50 U.S. states, each one driven by teachers requesting exactly what their students needed, from basic supplies to science kits and reading materials. In total, more than 675,000 students have been reached, with 86% coming from schools where most learners are from low-income households.　　A $15 million share of Ripples funding went to DonorsChoose, a platform that lets teachers post real classroom needs and connect directly with donors, cutting through bureaucracy so resources reach students faster.　　From rural schools in Montana to under-resourced classrooms in cities like Chicago, the close immediate gaps that often determine whether learning can move forward or stall.　　Ripples $25M RLUSD Grant Shows How Blockchain Is Moving from Promise to Practice　　The remaining $10 million went to Teach For America, supporting educators in some of the countrys most underserved schools. It

05-09Industry

Kalshi Hits $22 Billion After $1B Raise While Fighting 19 Lawsuits

Prediction market platform Kalshi has reached a $22 billion valuation after closing a $1 billion Series F funding round, doubling its value in just five months.　　The round was led by Coatue Management and included major investors such as Andreessen Horowitz, Sequoia Capital, Morgan Stanley, and Ark Invest. Their participation signals growing confidence from both Wall Street and Silicon Valley in regulated prediction markets, even as the sector faces mounting legal scrutiny.　　A Kalshi spokesperson told Bloomberg that the companys annualized revenue has already surpassed $1.5 billion. Together, and accounted for most of the more than $25 billion traded across last month.　　Unlike Polymarket, which operates on decentralized blockchain infrastructure, Kalshi is a centralized and federally regulated platform. Users can trade on the outcomes of real-world events, including elections, economic data releases, and sports events.　　That structure has helped attract institutional interest, particularly from investors looking for hedging tools tied to political, macroeconomic, and geopolitical developments rather than purely speculative bets.　　Wall Streets Interest in Prediction Markets Keeps Growing　　Institutional enthusiasm for the sector continues to accelerate. Bernstein Research recently described prediction markets as entering an “institutional era,” driven by demand for contracts linked to major economic and geopolitical risks.　　Kalshi is also pushing deeper into crypto.

05-09Industry

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