XRP’s 70-Day Range Signals Potential Breakout to $2.03

Tech  XRPs 70-Day Range Signals Potential Breakout to $2.03  XRPs 70-Day Consolidation Hints at a Potential Breakout Toward $2.03  XRP has been locked in a tight 70-day consolidation, testing the patience of short-term traders while quietly setting the stage for a potential breakout.  Market analyst VinCoop points to this as a classic precursor to a sharp move, with May shaping up to be a pivotal month that could define XRPs next major trend.  At the heart of the setup is the monthly Bollinger Bands midpoint, sitting around $2.03, a level the analyst views as the dividing line between prolonged consolidation and a broader bullish breakout.  With XRP per CoinCodex data, reaching that mark would mean a roughly 45% climb.  Source: CoinCodex  While steep at first glance, such moves arent unusual after extended periods of tight price action, where suppressed volatility often gives way to sharp expansion.  On the daily chart, XRP is still hugging the lower boundary of its range, signaling lingering downside pressure. Nevertheless, this zone often marks the final stage of accumulation because the longer the price holds without breaking lower, the more tension builds for a sharp move.  Right now, as the critical resistance level. A clean, decisive push above it could flip the short-term structure and

05-06

Anthropic expands Claude into finance workflows with Microsoft 365 integration

Tech  Anthropic expands Claude into finance workflows with Microsoft 365 integration  Anthropic launched ten new Claude agent templates for financial services, expanding the AI assistant into some of the sectors most time-consuming workflows, including pitchbook creation, credit memos, KYC reviews, financial modeling, and month end close.  The templates are available as plugins in Claude Cowork and Claude Code, and as cookbooks for Claude Managed Agents, allowing financial teams to deploy Claude on real work in days rather than months.  Each template combines task specific skills, governed data connectors, and subagents designed to handle specialized work such as comparables selection, methodology checks, and document review.  The new agent lineup includes pitch builder, meeting preparer, earnings reviewer, model builder, market researcher, KYC screener, valuation reviewer, general ledger reconciler, month end closer, and statement auditor. Anthropic said the agents can be adapted to a firms internal modeling conventions, risk policies, and approval processes.  The launch also pushes Claude deeper into Microsoft 365. Claude now works directly in Excel, PowerPoint, and Word through add ins, with Outlook support coming soon. In Excel, Claude can build financial models from filings and data feeds, audit formulas, and run sensitivity analyses. In PowerPoint, it can draft decks that update when underlying numbers change.

05-06

Aave court fight targets North Korea ETH claim

Aave court motion filed today in New York asks a federal judge to unfreeze $71 million in ETH.Aave LLC filed an emergency motion in the Southern District of New York to unfreeze 30,765 ETH worth approximately $71 million.The filing argues the funds belong to users victimized in the April 18 Kelp DAO exploit, not to North Korean hackers.Plaintiffs holding $877 million in unpaid terrorism judgments against North Korea claim the ETH is recoverable DPRK property.  Aave LLC filed an emergency motion today in the Southern District of New York to vacate a restraining notice blocking 30,765 ETH, worth roughly $71 million, from returning to exploit victims.  The filing argues the assets belong to users of the Aave Protocol harmed in the April 18 Kelp DAO bridge exploit, not to North Korea or its alleged Lazarus Group hackers.  The restraining notice was served on May 1 by Gerstein Harrow LLP, representing three sets of judgment creditors holding $877 million in unpaid terrorism awards against North Korea. Their argument: because the attackers are linked to Pyongyangs Lazarus Group, the recovered ETH qualifies as DPRK property subject to seizure.  Aave calls that theory “flatly wrong.” Aave founder Stani Kulechov said: “The global DeFi community came together to

05-06

Philippines: Inflation surge raises BSP hike risks – ING

Finance  Philippines: Inflation surge raises BSP hike risks – ING  INGs Deepali Bhargava highlights that Philippine Consumer Price Index (CPI) has jumped to a three‑year high, driven mainly by broad‑based food and fuel‑related pressures, and now looks set to average above 8% in 2Q. With Brent expected around US$104/bbl and inflation broadening into core, ING now sees a June Bangko Sentral ng Pilipinas (BSP) rate hike as assured, with risks skewed to larger and faster tightening.  CPI overshoot points to faster tightening  “Headline CPI inflation in the Philippines rose sharply to 7.2% year-on-year in April, much higher than our expectation of 5.2%, and up by over 3 percentage points from 4.1% YoY in March.”  “With negotiations around the US-Iran conflict dragging on and no imminent de-escalation in sight, our base case has shifted toward higher global oil prices, with supply disruptions easing materially only in 3Q.”  “Against this backdrop, we now expect Brent crude prices to average around US$104/bbl in 2Q, with CPI inflation likely to rise further and average above 8% in 2Q, pushing our full-year inflation forecast to 6% YoY.”  “The sharp CPI upside surprise reinforces the risk of larger and faster rate moves by the BSP.”  “In this context, a 25bp rate hike in June

05-06

Crypto ETPs log five straight weeks of inflows, topping $4B

Crypto asset ETPs just notched a fifth straight week of inflows, lifting five-week net flows above $4B and pushing AUM near $155B despite sharp midweek outflows.CoinShares latest weekly report shows global crypto asset ETPs recorded $117.8 million in net inflows last week, marking a fifth consecutive positive week and pushing cumulative five-week inflows above $4 billion.Total assets under management now stand near $155 billion, but flows were highly volatile: $619 million in net outflows from Monday to Thursday flipped to a $117.8 million weekly inflow thanks to a single $737 million surge on Friday.Bitcoin products led with $192.1 million in inflows, largely driven by U.S. spot ETFs, while Ethereum products saw $81.6 million of net outflows, underscoring a sharp midweek pullback in risk appetite before a late recovery.  CoinShares said that digital asset ETPs took in $117.8 million last week, extending their inflow streak to five weeks and bringing cumulative inflows over that period to more than $4 billion, as total industry AUM climbed to around $155 billion.  Inflows mask sharp intraweek reversal  Beneath the headline, however, flows were choppy. From Monday through Thursday, products collectively saw $619 million in net outflows, before a $737 million influx on Friday alone swung the weekly

05-06

Indonesia: Growth outlook steady with fiscal constraints – UOB

Finance  Indonesia: Growth outlook steady with fiscal constraints – UOB  UOB economists Enrico Tanuwidjaja and Vincentius Ming Shen highlight that Indonesia‘s 1Q26 Gross Domestic Product (GDP) beat expectations at 5.61% year-on-year, driven by government spending, household consumption and investment. They stress that the current pace could reach the government’s 6% near-term target, but emphasize that fiscal discipline, effective investment strategies and stronger partnerships are crucial to sustain growth amid rising external risks.  Government-led expansion faces sustainability questions  “Fiscal expansion support 1Q26 growth, but unlikely to be sustained. Indonesia posted a stronger-than-expected GDP growth of 5.61% y/y in 1Q26, outperforming market expectations of 5.30%.”  “Outlook remains positive, with seemingly enough pace to reach the near-term governments target of 6%, but fiscal discipline remains the key factor here and going forward, effective investment strategies are critical to sustain momentum amid rising and uncertain external risks.”  “While strong GDP growth signaled resilience, the reliance on fiscal expansion raises caution and unlikely to be sustainable.”  “In short, an expansionary fiscal-led growth is unlikely to be sustainable given the constraint of fiscal deficit gap at 3% of GDP.”  “Overall, though today‘s 1Q26 report came in much stronger than expected, we remain cautious on its short-term trajectory and as such, we continue to keep

05-06

Europol shuts down €50M crypto recovery scam network

Austrian and Albanian police arrested 10 people and shut down fraudulent call centers in Tirana. The call centers allegedly defrauded victims of ~€50 million through fake investment schemes and crypto recovery fraud.  Europol and Eurojust worked together on the operation, after a two-year investigation into a criminal network operating out of Albanias capital. Authorities seized ~€900,000 in cash along with large quantities of IT equipment.  The call centers operated like professional businesses, employing as many as 450 people across departments, including IT and human resources. Individual operators earned ~$938 per month in salary plus commission.  Workers were organized by language specialization, targeting victims in specific markets. They built trust with potential victims before pitching fabricated investment opportunities and persuading them to transfer funds.  Eurojust wrote, “The online call centers run by the criminal network demonstrated a high level of organization and professionalism.”  According to Europol, some victims were hit twice.  After losing money in the initial fraud, they were contacted again and offered help in recovering their stolen funds. The supposed recovery service required victims to open crypto accounts and deposit an initial 500 euros.  “Alarmingly, the perpetrators re-contacted victims who had already suffered losses through fraudulent platforms, offering to help them recover their funds,” wrote Eurojust

05-06

Uber (UBER) Stock: Analyst Expectations Ahead of Q1 Earnings Release

Uber Technologies, Inc., UBER  Analyst consensus points to quarterly revenue of $13.33 billion, representing approximately 15% growth compared to the same period last year. The Street anticipates adjusted earnings per share of $0.71, alongside EBITDA projections of $2.44 billion.  Shares were changing hands near $74.25, reflecting a year-to-date decline of approximately 9% as the earnings announcement approaches.  Gross bookings are forecast to hit $52.9 billion, marking about 23% growth on an annual basis. This projection falls comfortably within the companys previously issued guidance band of $52 billion to $53.5 billion.  Monthly Active Platform Consumers represents another metric drawing significant attention. The previous quarter saw this metric climb to 202 million users, demonstrating 18% year-over-year expansion — a notable acceleration from the 14% growth rate recorded at 2025s outset.  Recent estimate trends paint a less optimistic picture. Throughout the preceding three months, Wall Street analysts have lowered their EPS projections ten times, with only a single upward adjustment during that span.  Autonomous Vehicle Strategy Accelerates  The company has executed several significant autonomous vehicle initiatives leading up to this earnings announcement. Management established Uber Autonomous Solutions, a dedicated division designed to assist partners in developing and deploying self-driving fleets across its platform.  This past April, Uber expanded its financial commitment

05-06

Crypto PAC spends $500K in support of Indiana candidate ahead of primary

Defend American Jobs, the cryptocurrency-backed political action committee (PAC) affiliated with Fairshake, reported spending more than $500,000 on media to support a Republican incumbent representative in Indiana.  According to a Saturday filing with the US Federal Election Commission (FEC), the Defend American Jobs PAC spent about $514,000 on media in support of James Baird, a Republican House member running for reelection in Indianas 4th Congressional District. The spending was the latest in Fairshakes spending on the 2026 US elections ahead of todays Indiana primary elections.  Source: FEC  Baird, who assumed office in January 2019, voted in favor of the GENIUS Act, the stablecoin payments bill, and the CLARITY Act, legislation aimed at creating digital asset market structure that has been stalled in the US Senate for months.  The Coinbase-aligned digital asset advocacy organization Stand With Crypto rated the Republican as “strongly supports crypto.”  Fairshake and its affiliates, Defend American Jobs and Protect Progress, are expected to spend millions of dollars in support of candidates it considers “pro-crypto” in this years US midterm elections.  In 2024, the PAC reported more than $130 million in expenditures for media supporting such candidates, including $40 million for Ohio‘s US Senate race, in which voters rejected three-term Democratic incumbent Sherrod Brown.

05-06

Spirit Airlines starts dismantling company after collapse

Finance  Spirit Airlines starts dismantling company after collapse  A Spirit Airlines airplane at Baltimore Washington International Thurgood Marshall Airport (BWI) in Baltimore, Maryland, US, on Saturday, May 2, 2026.  Daniel Heuer | Bloomberg | Getty Images  Spirit Airlines more than three-decade run ended over the weekend, but on Tuesday it was just starting the monthslong process of dismantling the company after the biggest U.S. airline collapse in a generation.  Spirit and its stakeholders were in bankruptcy court in White Plains, New York, to start that process, which will take months.  The carrier filed a cumulative wind-down budget of around $217 million, though that number could change.  The budget went out to February 2028. It included more than $52 million in employee costs through July and another more than $52 million for aircraft-related expenses.  The airline had 59 Airbus A320s in service and 63 in storage, as well as 37 of the larger A321s in service, and 13 of them in storage, according to aviation-data firm Cirium. More than three-quarters of its fleet was leased.  Spirit shut down operations after years of struggles, most recently from heavy debt loads and a surge in costs.  Spirits lawyer, Marshall Huebner of Davis Polk, told a bankruptcy court on Tuesday that the jump in

05-06
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