Bitmine Buys $103M in ETH, Hits New Staking Milestone

Bitmine now holds just over 5 million ETH, which is roughly 4.2% of the cryptocurrencys total supply. This aggressive accumulation has taken place over less than 12 months since the company started buying ETH at the end of July last year.  This aggressive move has not only sparked interest among crypto observers and analysts but also ignited interest in the companys plan. However, to understand what the plan is all about, we must first look at what Bitmine has been doing with the ETH it acquired.  Bitmine Stakes ETH Worth Over $9 Billion  Bitmines latest staked amount was even more impressive than the aforementioned ETH acquisition. According to Lookonchain, the company just staked 106,200 ETH worth roughly $244 million.  According to Arkham, Bitmine now has over 3.9 million ETH staked. This was more than $8.4 billion worth of cryptocurrency at press time.  Bitmine stakes ETH worth over $8.5 billion | Source: Arkham  Bitmine now has the largest share of staked ETH on the Ethereum network at 9.5%. This move will allow the company not only to benefit from robust passive yields but also to secure substantial long-term capital gains.  Aggressive demand from the likes of Bitmine has been fuelling bullish Ethereum price action since the start of

04-29

FOMC Meeting Today: Powell Speech and Fed Interest Rate Decision Could Move BTC, ETH, XRP and Altcoins

The post FOMC Meeting Today: Powell Speech and Fed Interest Rate Decision Could Move BTC, ETH, XRP and Altcoins appeared first on Coinpedia Fintech News  Today, the Federal Reserve is set to announce its April interest rate decision, and Jerome Powells press conference begins at 12:00 AM IST. The market maker tool currently shows a 100% probability that the Fed will hold rates unchanged  Bitcoin is trading around $77,044 heading into the announcement.  Fed To Hold Interest Rate For Third Hold in a Row  According to the CME FedWatch Tool, the market is 100% sure that the Fed will keep the rates unchanged at 3.50%–3.75%.  This rate decision is widely seen as a formality.  However, inflation is still above the Feds 2% target, and while growth has slowed slightly, the economy remains stable. Even so, the job market has stayed surprisingly resilient, payroll growth has been steady, and unemployment is sitting around 4.3%. Oil prices have climbed following  This gives the Fed little reason to rush into rate cuts.  Because of this, traders are not expecting any surprise move. Instead, all attention is on Fed chair Jerome Powells speech for the further timeline for cuts.  Two Key Possible Scenarios That Matter  Jerome Powells speech is expected to drive the market.

04-29

Humanity Protocol Price Prediction: H Surges 32.52% After Breakout, Eyes $0.20 Resistance Zone

Tech  Humanity Protocol Price Prediction: H Surges 32.52% After Breakout, Eyes $0.20 Resistance ZoneHumanity Protocol breaks out with strong momentum, but exhaustion risk risesKey resistance near $0.185 may decide push toward $0.20 or trigger pullbackRising open interest and weak spot inflows signal volatility and cautious demand  Humanity Protocol (H) extended its rally this week as bullish momentum accelerated after a prolonged consolidation phase. The token now trades at $0.1724, supported by rising demand and renewed speculative interest.  Daily volume surged past $77 million, reinforcing strong participation across the market. Over the past seven days, H has climbed 32.52%, reflecting a decisive shift in sentiment. This move places the projects market capitalization above $314 million, signaling growing relevance among mid-cap assets.  Breakout Structure Signals Strength  Price action shows a clear transition from accumulation into expansion. Previously, H traded between $0.10 and $0.14 while forming a stable base. That range acted as a launchpad for the current breakout. Consequently, buyers stepped in aggressively once price cleared resistance.  Humanity Protocol Price Dynamics (Source: Trading View)  The move toward $0.17 and $0.18 confirms higher highs and higher lows. This structure supports a strong bullish trend. Moreover, moving averages remain aligned upward, reinforcing continuation bias. The Supertrend indicator also supports upside momentum.  However,

04-29

XRP Price Prediction for May 2026: Can Bulls Trigger a Rally Near $2?

Tech  XRP Price Prediction for May 2026: Can Bulls Trigger a Rally Near $2?  XRP price hovers near $1.40 in late April 2026 as traders weigh a daily cup-and-handle pattern targeting $1.70, while a sharp on-chain warning could derail the breakout. What is the latest XRP price prediction from May 2026?  The token has moved sideways since February 2026, but compressing volume and a slowly turning weekly MACD suggest a bigger move is brewing as May begins.  NVT Ratio Spike Flags Overheated XRP Network  The Network Value to Transactions (NVT) ratio for XRP surged to 1,076 on April 29. That marks the highest reading on the chart since October 2025. Earlier spikes during the same window stayed mostly below the 700 mark.  However, a high NVT reading indicates that the price has risen faster than actual on-chain activity. Historically, similar extremes have preceded short-term price corrections, since the rally was not supported by transactional volume.  NVT Ratio for XRP / Source: Santiment  Meanwhile, exchange inflows and whale transaction counts above $100,000 have remained stable since February 2026. No fresh spikes are visible in the Santiment data, mirroring the structural concerns flagged in previous BeInCrypto coverage.  For the bearish signal to fade, the NVT ratio must drop below 300 while

04-29

Google-Pentagon AI deal boosts confidence in Gemini model quality

Tech  Google-Pentagon AI deal boosts confidence in Gemini model quality  The Google-Pentagon AI deal has moved odds on Google having the best AI model by end of May to 15% YES, up from 0% before the deal was announced.  Traders in the May 31 market are reading the deployment of Google‘s Gemini on classified DoD networks as a direct endorsement of its model quality. With 32 days left until resolution, the question is whether a government contract translates into the kind of benchmark performance that determines this market’s outcome, where Google is measured against OpenAI and Anthropic.  The news has no bearing on the military action against Iran by April 30 market, but it does signal a shift in government trust toward commercial AI providers, which could affect how future AI-related markets resolve. The deal may change how traders evaluate government adoption as a proxy for model quality. That said, trading volume in the AI market remains absent, suggesting traders want more data before committing.  No recent trades have been recorded, and real USDC traded sits at zero. Sentiment moved the odds, but nobody is putting money behind it yet. If Googles models outperform on upcoming benchmarks, the odds could climb further. For now, this

04-29

BitGorilla Launches Cross-Chain Execution Platform to Close the Swap Quality Gap

Built on solver-based routing infrastructure, BitGorilla helps traders, builders, and autonomous agents access more consistent cross-chain execution.  Every crypto trader has a theory about what makes a good trade: pick the right asset, time the entry, read the chart. But according to @_capfree, founder of BitGorilla, most traders are optimising the wrong variable entirely. Execution differences between identical swaps can vary by 0.5%–2% depending on routing depth, solver competition, and mempool exposure.  That gap is the execution gap. And it sits beneath almost every swap interface in crypto today.  The fee that isnt called a fee  The problem starts with a misconception: free trading is not actually free. The cost has simply moved somewhere the user cannot easily see it.  On cross-chain routes, every intermediate hop introduces its own spread, pool fee, and extraction surface. Most users never see the breakdown — only the estimate before the swap and the result after it settles.  Fragmentation, sandwiching, and the auction nobody told you about  The deeper problem is structural. Crypto liquidity is scattered across hundreds of chains, thousands of pools, dozens of aggregators, and a growing network of professional solvers bidding on order flow through private auctions.  The route your swap takes through that landscape determines the outcome more

04-29

Robinhood Crypto Revenues Fall 47% in Q1

Crypto  Robinhood Crypto Revenues Fall 47% in Q1  Robinhood announced that its revenues and trading volumes from cryptocurrencies halved in the first quarter of 2026; the decline bears traces of the trend at the end of 2025. The company‘s crypto revenues fell to 134 million dollars, experiencing a 47% loss on an annual basis. In-app trading volumes also dropped to 24 billion dollars, showing a 48% contraction. These figures in the earnings report announced on Tuesday, April 29, 2026, indicate a new era in the platform’s crypto-focused growth story. Investors are closely monitoring the companys slowdown in this area. This overall market downtrend is also seen in tokens like ID detailed analysis.  Robinhoods Diversification Success and Other Revenues  Platforms like Bitstamp, acquired by Robinhood last year, continue their trading activities, while overall trading revenues rose to 623 million dollars, achieving a 7% annual increase. This success was largely driven by a revival in categories like event contracts, options, and equities; CFO Shiv Verma stated that customers quickly adapted to new products, net deposit growth exceeded 20%, and double-digit progress was made in stock and options volumes. Records were broken in prediction markets, futures, and index options. Following the 38% drop in fourth-quarter crypto revenues

04-29

XRP Price Prediction for May 2026: Can Bulls Trigger a Rally Near $2?

Tech  XRP Price Prediction for May 2026: Can Bulls Trigger a Rally Near $2?  XRP price hovers near $1.40 in late April 2026 as traders weigh a daily cup-and-handle pattern targeting $1.70, while a sharp on-chain warning could derail the breakout. What is the latest XRP price prediction from May 2026?  The token has moved sideways since February 2026, but compressing volume and a slowly turning weekly MACD suggest a bigger move is brewing as May begins.  NVT Ratio Spike Flags Overheated XRP Network  The Network Value to Transactions (NVT) ratio for XRP surged to 1,076 on April 29. That marks the highest reading on the chart since October 2025. Earlier spikes during the same window stayed mostly below the 700 mark.  However, a high NVT reading indicates that the price has risen faster than actual on-chain activity. Historically, similar extremes have preceded short-term price corrections, since the rally was not supported by transactional volume.  NVT Ratio for XRP / Source: Santiment  Meanwhile, exchange inflows and whale transaction counts above $100,000 have remained stable since February 2026. No fresh spikes are visible in the Santiment data, mirroring the structural concerns flagged in previous BeInCrypto coverage.  For the bearish signal to fade, the NVT ratio must drop below 300 while

04-29

Google-Pentagon AI deal boosts confidence in Gemini model quality

Tech  Google-Pentagon AI deal boosts confidence in Gemini model quality  The Google-Pentagon AI deal has moved odds on Google having the best AI model by end of May to 15% YES, up from 0% before the deal was announced.  Traders in the May 31 market are reading the deployment of Google‘s Gemini on classified DoD networks as a direct endorsement of its model quality. With 32 days left until resolution, the question is whether a government contract translates into the kind of benchmark performance that determines this market’s outcome, where Google is measured against OpenAI and Anthropic.  The news has no bearing on the military action against Iran by April 30 market, but it does signal a shift in government trust toward commercial AI providers, which could affect how future AI-related markets resolve. The deal may change how traders evaluate government adoption as a proxy for model quality. That said, trading volume in the AI market remains absent, suggesting traders want more data before committing.  No recent trades have been recorded, and real USDC traded sits at zero. Sentiment moved the odds, but nobody is putting money behind it yet. If Googles models outperform on upcoming benchmarks, the odds could climb further. For now, this

04-29

VF Corp CEO Pledges To Deep Brand Turnaround At Berlin Congress

Mark Faithfull  At the World Retail Congress in Berlin today, VF Corp. CEO Bracken Darrell used his platform to reframe what a turnaround really meant for the retail group and why the market may be too focused on immediacy.  VF Corp., the parent company of brands including Vans, The North Face and Timberland, has been navigating a difficult stretch marked by declining revenues, wholesale disruption and uneven brand momentum. The companys stock has come under pressure over the past two years as Vans in particular lost cultural traction, forcing leadership to rethink both cost structures and brand positioning.  While recent quarters have shown early signs of stabilization — cost-cutting measures, inventory normalization and leadership reshuffles among them — the turnaround remains very much in progress, with investors watching closely for sustained growth rather than short-term fixes.  Darrell, who took the helm in 2023 for Logitech, made clear he has little interest in quick wins at the expense of long-term brand equity.  “I came in for a turnaround, and when I was hired I was described as a turnaround person but I am not,” he said. “Its not about short term; despite the fact there is a sense of urgency. So, you have to take a

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