Ethereum Price Today: ETH Holds Above $2,360 After Dropping to $2,310 – Key Levels to Watch

Ethereum  Ethereum Price Today: ETH Holds Above $2,360 After Dropping to $2,310 – Key Levels to Watch  Ethereum is sitting near $2,374 on May 5, 2026, after one of those sessions where the chart tells a pretty clear story once you zoom out. Big drop early, choppy grind in the middle, then a cleaner move higher once Asia opened. Not pretty, but buyers did show up.  ETH opened the 24-hour window at $2,363.5 and immediately started leaking. By the time sellers were done, price had touched $2,310, about $53 lower than where it started. From there it was slow going for most of the day.  What the Last 24 Hours Actually Looked Like  Worth walking through the chart in order, because the structure matters here.  The drop to $2,310 happened fast, within the first couple hours of the session. That kind of speed usually means stop hunts or a liquidation flush rather than genuine distribution. After that, ETH spent most of the afternoon and evening in a tight range between $2,330 and $2,360, red on the chart, but not falling further.  Around 4:00 AM on May 5, something shifted. Volume came in, ETH cleared back above the $2,363 open, and price ran up to a session high

05-05

Binance Announces ‘Binance Online’ Global Virtual Event on May 13

Tech  Binance Announces ‘Binance Online’ Global Virtual Event on May 13Binance will host Binance Online on May 13 with global crypto and finance leaders.Event proceeds fund blockchain education, with $50,000 allocated across two institutions.New withdrawal lock feature targets rising physical coercion risks, up 75% per CertiK data.  Binance has announced a new global virtual event, “Binance Online,” scheduled for May 13 at 11:00 AM UTC. The multi-hour program is expected to bring together figures from institutional finance, blockchain infrastructure, and digital asset markets, while also coinciding with the exchanges latest efforts to address physical security risks faced by crypto users.  Global Event to Feature Industry Leaders  The event will feature speakers such as Changpeng Zhao, Adam Back, and Rob Goldstein, as well as Brad Garlinghouse, Lily Liu, Anthony Pompliano, and Chamath Palihapitiya. Additional participants include Guy Turner and Nic Puckrin, as well as Binance co-CEOs Yi He and Richard Teng. Zhao is also expected to appear alongside an unannounced guest.  Programming is scheduled to run for more than four hours and will include roundtables, interviews, and community-focused segments. Topics outlined for discussion include stablecoins as cross-border payment tools, the convergence of artificial intelligence and financial systems, and the integration of crypto within existing financial infrastructure.  Institutional

05-05

Exodus Wallet Review 2026: A Secure Crypto Wallet or Risky Choice?

The sentiment addressed 254 ap‌parent viola‌‌ti‌ons of Iran sa‌nct‌‌ions betwe‌en Octo‌be‌‌r 2017 and January 2019. Ex‌odus Wallet pro‌v‌id‌‌ed customer support to users in Iran.  In som‌e case‌s, sup‌port sta‌f‌f helped us‌‌e‌‌rs ac‌ces‌s th‌‌ird-par‌ty ex‌chan‌‌ges and su‌g‌gested using VPN‌s to hide th‌e‌‌ir loc‌ati‌o‌‌ns. These violations were cl‌‌as‌s‌ifi‌e‌d as eg‌r‌egiou‌‌s. The company cooperated with the investigation and com‌mit‌t‌‌e‌‌d to strengthening its compliance program.  Their analysts reported that this breach had exposed the email addresses of 101,597 users.  Pr‌ivate keys and seed phrases were not af‌fect‌‌ed due to the non-custodial architecture of Exodus Wallet. Ho‌wever, the lea‌‌ked emai‌‌ls hav‌‌e inc‌rease‌‌d the risk of ta‌‌rget‌ed phis‌‌h‌ing at‌ta‌‌cks.  In Ap‌‌r‌‌il 2025, sec‌‌ur‌‌it‌‌y res‌‌ear‌chers at Re‌ve‌r‌sin‌g‌L‌‌a‌‌bs uncove‌‌re‌‌d mali‌‌ci‌‌ous np‌m packa‌ge‌s. They were designed to target Exodus desktop wallet users, alongside users of Atomic Wallet. These packages attempted to modify wallet files and re‌d‌ir‌ect transactio‌n ad‌dres‌ses on infected computers. Such attacks exploit device-level security rather than the crypto wallet software itself.  Ap‌‌a‌rt from these inst‌ances, some users re‌‌port delays in cu‌stom‌e‌r sup‌p‌o‌rt respo‌‌ns‌‌es fo‌r comp‌lex is‌su‌es. Ad‌di‌t‌ional‌ly, Exodus Wa‌l‌let re‌ma‌‌i‌ns only par‌t‌‌i‌al‌ly open-sour‌ce, dr‌aw‌i‌ng critic‌‌i‌sm from se‌‌cu‌‌ri‌‌t‌y expe‌‌rts who prefer ful‌ly tran‌s‌‌paren‌t codeba‌‌se‌s.  Final Verdict: Is Exodus Wallet Worth It in 2026?  Exodus Wallet offers a polished, feature-rich platform for retail users seeking an

05-05

Bullish (BLSH) Stock Dips Despite $4.2B Equiniti Deal for Tokenized Asset Platform

Bullish, BLSH  The transaction places Equinitis enterprise value at $4.2 billion when factoring in debt assumption and equity issuance. Bullish will take on approximately $1.85 billion of existing Equiniti debt while issuing roughly $2.35 billion worth of shares. The equity portion is calculated using a per-share price of $38.48.  The companies anticipate finalizing the transaction by January 2027, pending regulatory clearances and standard closing requirements. Siris, Equiniti‘s owner since 2021, will secure two board positions upon completion. Equiniti’s current management team will maintain operational control under the Bullish corporate structure.  Strategic Acquisition Focuses on Tokenized Asset Infrastructure  Bullish intends to merge its blockchain technology capabilities with Equinitis established transfer agent operations. Equiniti currently services approximately 3,000 major publicly-traded corporations and manages relationships with over 20 million registered shareholders. The firm processes roughly $500 billion in payment transactions annually.  The deal provides Bullish with a compliant transfer agent foundation for tokenized security offerings. Management plans to deliver comprehensive services spanning token creation, distribution, regulatory compliance, trading functionality, and liquidity provision. Additionally, CoinDesk contributes journalism, analytics, and market intelligence to the expanded organization.  The integrated solution is designed to complement rather than disrupt current market infrastructure. Plans include interoperability with DTCC, Euroclear, Clearstream, custody providers, and brokerage firms.

05-05

Western Union Officially Launches USDPT Stablecoin on Solana

Tech  Western Union Officially Launches USDPT Stablecoin on SolanaAfter the stablecoin-friendly GENIUS Act was passed in July, major remittance businesses started looking at stablecoins.According to Western Union, the introduction of USDPT is indicative of a larger trend in the development of global payments.   Launching its USDPT stablecoin on Solana, Western Union has taken its first step toward blockchain-based payments and onchain settlement for its worldwide remittance network.  While Western Union has stated its intention to spread the stablecoin to over 40 countries in 2026, one of the crypto infrastructure platforms participating in the launch, Fireblocks, said on Monday that USDPT is first being rolled out in Bolivia and the Philippines.  Banking on Stablecoin Growth  After the stablecoin-friendly GENIUS Act was passed in July, major remittance businesses started looking at stablecoins. With the announcement of intentions to provide stablecoin-powered cross-border payments in October, Zelle joined MoneyGram in September in delivering USDC (USDC) stablecoin services in Colombia.  According to Western Union, the introduction of USDPT is indicative of a larger trend in the development of global payments. They also predicted that in the future, more and more financial institutions would use regulated digital assets as their fundamental infrastructure.  Based on projections made by Citigroup and the US Department

05-05

RBA: August hike to 4.60% increasingly likely – TD Securities

Finance  RBA: August hike to 4.60% increasingly likely – TD Securities  TD Securities strategists Prashant Newnaha and Alex Loo highlight that the Reserve Bank of Australia (RBA) raised the cash rate to 4.35% with a dovish message, viewing risks to inflation and growth as more balanced. Despite signalling a near-term pause, they now expect a final 25 bps hike in August to 4.60%, contingent on Q2 trimmed mean Consumer Price Index (CPI) exceeding the RBAs forecast and inflation staying sticky.  Dovish hike but one more seen ahead  “The RBA hiked the cash rate 25bps as expected to 4.35% in a 8-1 vote, but the messaging was dovish, pointing to the RBA taking a temporary pause.”  “Nonetheless, we now expect the RBA to deliver a final 25bps hike in Aug to 4.60% assuming Q2 trimmed mean CPI exceeds the RBAs Q2 forecast.”  “Given the RBA has set a low growth track, it will ultimately be where inflation lands that will determine when the RBA will hike next (the RBAs forecasts assume another 25bps hike in Q3).”  “We discussed back in February that the RBA may ultimately need to take the cash rate to 4.60% in this cycle and this outcome now looks increasingly likely.”  “Its clear the RBA is

05-05

Ethereum price confirms bull flag breakout, targets upside to $3,000

Ethereum price has broken out of a bull flag pattern on the daily chart — May 5 | Source: crypto.news  The move comes as ETH holds firmly above the 61.8% Fibonacci retracement level near $2,381, which has acted as a key support zone in recent sessions. Sustained strength above this level could reinforce the bullish structure and open the door for further upside.  If momentum continues, the next immediate resistance lies around the $2,400 to $2,460 region, which has repeatedly rejected price advances over the past few weeks. A clean break above this range could accelerate the move toward the 50% retracement level near $2,577, followed by the 38.2% level around $2,772.  Beyond that, the broader measured move from the flag structure points to a potential upside target near the $2,800 to $3,000 zone, aligning with a key psychological level that traders are closely watching.  Momentum indicators are also beginning to tilt in favor of the bulls. The MACD is approaching a bullish crossover on the daily timeframe, suggesting a possible shift toward upward momentum. Meanwhile, the RSI is trending higher and holding above the neutral 50 level, indicating strengthening buying pressure without yet entering overbought territory.  The broader structure also shows Ethereum trading within

05-05

ALGO Price Prediction: $0.12 Target Within 48 Hours as Smart Money Accumulates

Market Context: ALGOs Critical Juncture  Algorand trades in a post-breakout structure after escaping its prolonged descending channel in April. The $0.09-0.10 zone now serves as solid support, marking a shift in market psychology. At $0.11, ALGO sits compressed between the 20-day moving average and immediate resistance at $0.12.  The Foundations recent return to Delaware with new board leadership coincides with this technical recovery. With crypto market cap at $2.64 trillion and ALGO posting 12% weekly gains heading into May, the infrastructure token gains momentum.  Technical Convergence Points to Breakout  The indicator landscape shows cautious optimism despite surface-level selling pressure. RSI holds neutral territory at 57.38 with expansion room, while MACD flattens near zero—typically preceding momentum acceleration. Bollinger Band positioning at 0.72 indicates upper range testing without overbought conditions.  The derivatives market tells a different story than spot action. While ALGO dropped 3.37% in 24 hours, funding rates remain neutral at 0.01% and open interest increased 1.53%. This divergence suggests profit-taking rather than fundamental weakness drives the selloff.  Smart Money Positioning Remains Bullish  Institutional positioning contradicts retail sentiment patterns. Top traders maintain 1.45 long-to-short ratios with 59.2% bullish positioning, while retail traders hold 55.4% long. This alignment between sophisticated and retail capital typically precedes significant price movements, according

05-05

OKX Australia CEO Weighs in Country’s Institutional Landscape, Pensions Evolution, and How the Company is Building Trust

In an exclusive interview with BlockchainReporter, we sat down with Kate Cooper, CEO of OKX Australia to discuss the growing role of cryptocurrency in Australian superannuation funds, institutional adoption across the APAC region.  We also discussed what the latest Fed decision means for crypto markets. From $3.2 billion in SMSF digital asset holdings to the rising demand for regulatory clarity, the conversation with Kate Cooper, covered the key forces shaping Australias digital asset landscape and what lies ahead for investors and institutions alike.  Interview SectionHow will the new Fed rate move influence crypto markets within Australia and the wider APAC region?  A Fed hold was the expected outcome, so it is perhaps no surprise that markets didn‘t move dramatically in either direction. But that lack of immediate reaction shouldn’t obscure what has actually been a tentative structural recovery over the past eight weeks. US spot Bitcoin ETFs pulled in roughly US$3.7 billion between late February and late April, the first sustained inflow period of 2026 after four consecutive months of outflows. And despite real macroeconomic and geopolitical headwinds, Bitcoin recently tested the $80,000 level. Volatility remains a fact of life in these markets, but the direction of travel is worth noting.  In Australia, the

05-05

PEPE Price Prediction: Technical Breakout Targets 18% Rally in Next 10 Days

PEPEs Technical Setup Points Higher  PEPE sits at a critical inflection point with RSI momentum building at 61.56 – not yet overbought but gaining steam fast. The Bollinger Band compression at 0.94 creates a coiled spring effect that typically resolves with explosive price action within days, not weeks.  While the MACD histogram reads zero with bearish undertones, this divergence between price strength and momentum indicators often precedes significant moves. PEPEs volatile personality means when this tension breaks, it breaks hard and fast.  Volume Profile Supports Bullish Case  The $40.1 million 24-hour volume on Binance remains below PEPE‘s explosive thresholds, but that’s actually bullish. Current consolidation with muted volume suggests accumulation rather than distribution. When PEPE exits tight ranges like this, volume typically surges 400% within hours as momentum traders pile in.  The 2.28% daily gain on relatively light volume indicates underlying strength without retail euphoria – a healthy technical backdrop for sustained moves higher.  Market Positioning Favors Bulls  Analysts at Blockchain.news note that meme coin breakouts from compressed ranges tend to favor the upside when broader crypto sentiment remains stable. The current technical picture aligns with this pattern perfectly.  Stochastic indicators at 70.21/%K approach overbought territory but havent crossed into dangerous levels yet. This provides runway for additional

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