Internet Computer (ICP) Tumbles 10% Daily: Is Coinbase Responsible for the Plunge?

$ICP is the worst-performing cryptocurrency today (at least among the top 100), posting a 10% price decline.  However, certain technical indicators suggest this might be only a short-lived pullback, while multiple analysts support the bullish scenario.  $ICP Heads South  Just a few hours ago, the assets valuation plunged to a one-week low under $3, while its market capitalization sank to approximately $1.6 billion.  $ICP Price, Source: CoinGecko  It is important to note that $ICPs negative performance aligns with an overall correction sweeping through the broader crypto market. Bitcoin (BTC) slipped beneath $80,000, while popular altcoins like Worldcoin (WLD), Cronos (CRO), Arbitrum (ARB), and Aptos (APT) tumbled by 7-8% over the past day.  In the meantime, Coinbase could have also played a role in Internet Computers downfall. Recently, it removed six non-USD trading pairs, including $ICP/USDT and $ICP/GBP.  Such actions by one of the biggest cryptocurrency exchanges reduce liquidity for the affected tokens and make it harder for traders to enter or exit positions. Fewer trading options often mean lower volume and weaker investor confidence, especially amid a crypto pullback.  At the same time, one should keep in mind that if Coinbase had removed all $ICP-related services, the impact would likely have been far more severe and could have

05-15

Coinbase Becomes Hyperliquid’s Official USDC Treasury Deployer, Increases HYPE Position

Crypto exchange Coinbase has expanded its support for Hyperliquid, becoming the perp DEX‘s official USDC treasury deployer. The exchange has also acquired the rights to the DEX’s native stablecoin USDH, which it revealed will sunset over time.  Coinbase Expands Support For Hyperliquid With USDC Treasury Role  In an X post, the crypto exchange announced that it is now Hyperliquids official treasury deployer of USDC as an Aligned Quote Asset (AQA). “Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid – USDC delivers exactly that,” the exchange said.  Coinbase noted that USDC has been the leading stablecoin on the crypto leverage trading platform since its launch in 2023 and has seen rapid growth within the ecosystem. This move is expected to further solidify the stablecoin‘s position as the platform’s primary collateral token.  Coinbase also announced that they have “significantly” increased its staked HYPE position as part of this new partnership. The Hyperliquid token is up over 5% on the back of this announcement, trading at around $41, according to TradingView data.  Source: TradingView; HYPE daily chart  Meanwhile, COIN stock is down amid the announcement that Coinbase is becoming Hyperliquid‘s official USDC treasury deployer. TradingView data shows that Coinbase’s stock is

05-14

US government confirms comprehensive actions on rare earths

The US government is moving aggressively to build out domestic rare earth production, with Interior Secretary Doug Burgum confirming that actions are being taken “across the board” on these strategically vital materials. The push comes as Washington confronts an uncomfortable reality: China controls roughly 95% of global heavy rare earth output, and the US imports nearly all of its critical mineral needs.  Whats actually happening  The federal response is multi-pronged and, by government standards, moving fast. The Trump administration signed executive orders in 2025 specifically aimed at accelerating rare earth production and established the National Energy Dominance Council, or NEDC, chaired by Burgum himself.  The NEDC has set ambitious internal timelines. Project identification is targeted within 10 days, and site leasing within 30 days.  On the financial side, the Department of Energy has announced a $134 million funding allocation dedicated to strengthening domestic rare earth supply chains.  A January 2026 White House initiative adds another lever: the potential imposition of tariffs on processed critical minerals and their derivatives if international agreements fail to materialize.  Meanwhile, the permitting process for mining and processing on federal lands is being expedited.  The geology and the partnerships  One project getting particular attention is the Sheep Creek deposit in Montana. It boasts the

05-14

Coinbase Becomes Hyperliquid’s Official USDC Treasury Deployer, Increases HYPE Position

Crypto exchange Coinbase has expanded its support for Hyperliquid, becoming the perp DEX‘s official USDC treasury deployer. The exchange has also acquired the rights to the DEX’s native stablecoin USDH, which it revealed will sunset over time.  Coinbase Expands Support For Hyperliquid With USDC Treasury Role  In an X post, the crypto exchange announced that it is now Hyperliquids official treasury deployer of USDC as an Aligned Quote Asset (AQA). “Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid – USDC delivers exactly that,” the exchange said.  Coinbase noted that USDC has been the leading stablecoin on the crypto leverage trading platform since its launch in 2023 and has seen rapid growth within the ecosystem. This move is expected to further solidify the stablecoin‘s position as the platform’s primary collateral token.  Coinbase also announced that they have “significantly” increased its staked HYPE position as part of this new partnership. The Hyperliquid token is up over 5% on the back of this announcement, trading at around $41, according to TradingView data.  Source: TradingView; HYPE daily chart  Meanwhile, COIN stock is down amid the announcement that Coinbase is becoming Hyperliquid‘s official USDC treasury deployer. TradingView data shows that Coinbase’s stock is

05-14

Bank of England ready to scrap £20,000 stablecoin ownership cap after backlash

Tech  Bank of England ready to scrap £20,000 stablecoin ownership cap after backlash  The Bank of England is walking back some of its most restrictive stablecoin proposals after Deputy Governor for Financial Stability Sarah Breeden admitted the institution may have been too cautious.  The reassessment comes amid mounting pressure from crypto firms that argue the UK risks falling behind other jurisdictions in digital asset innovation.  Breeden told the Financial Times that the central bank is actively exploring alternatives to ownership caps and reserve requirements that the digital asset industry has called unworkable.  The original proposal  The plan, floated in late 2025, would have capped individual holdings of sterling-denominated stablecoins at £20,000 and business holdings at £10 million.  The central bank also wanted issuers to park at least 40% of their backing assets at the BoE itself, earning zero interest. The remaining reserves could go into sovereign bonds and other liquid instruments.  According to the BOEs own analysis, the £20,000 threshold would affect roughly 94% of consumers, allowing typical users to hold about 2.1 times their monthly income in stablecoins. On the business side, a £10M limit would severely constrain corporate treasury operations.  Sterling stablecoins under 0.5% but regulators see big potential  The global stablecoin market has reached approximately $318 billion,

05-14

JPMorgan Loads Up on Bitcoin and Ethereum ETFs in Q1

The banks largest increase came through the iShares Bitcoin Trust (IBIT), where holdings surged 174% to 8.3 million shares. JPMorgan also sharply expanded positions in the Bitwise Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, and ProShares Bitcoin Strategy ETF. The bank additionally increased its exposure to Ethereum-linked ETFs, including the iShares Ethereum Trust.  JPMorgan Grows Crypto ETF Exposure  Chase expanded its exposure to crypto-linked exchange-traded funds (ETFs) during the first quarter of 2026, despite the . According to the banks latest , its largest increase came through the BlackRock spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), where holdings surged by approximately 174%.  The bank raised its IBIT position from roughly 3 million shares in the of 2025 to around 8.3 million shares by the end of Q1 2026. Based on filing data, the increase represented approximately $162 million in added value, even though Bitcoin declined more than 22% during the quarter.  The bank also sharply increased its stake in the Bitwise Bitcoin ETF (BITB), and boosted its holdings from 4,872 shares to 48,258 shares. This was an almost 900% increase and added roughly $1.51 million in reported value.  Exposure to the Fidelity Wise Origin Bitcoin Fund (FBTC) also climbed from 3,996 shares to 22,196 shares,

05-14

Nvidia rally continues on Thursday as Trump approves H200 buyers in China

Nvidia (NVDA) stock is the early winner of the United States (US) President Donald Trump‘s summit with China on Thursday. Shares of the AI chipmaker rose more than 2% in Thursday’s premarket. If the gains remain through the close, this will become NVDAs seventh consecutive day of gains.  President Trump‘s Commerce Department approved ten Chinese firms to import Nvidia’s H200 AI chip, as well as a few other distributors in the Asian region.  US Retail Sales for April fell from 1.6% MoM in March to 0.5% MoM, but that was in line with the consensus. The Dow Jones Industrial Average (DJIA) futures rose 0.9% in the premarket on Thursday, while the NASDAQ Composite futures declined 0.2%, and S&P 500 futures gained 0.3% on the news.  Nvidia could boost China sales on Commerce Department clearance  Nvidia has been looking to regain market share in China after several rounds of trade barriers were imposed by the Biden and then Trump administrations over the past several years. Before the curbs were imposed by Washington, Nvidia held a 95% share of Chinas AI chip market. But in the intervening years, a number of Chinese players have begun producing competitive chips.  The H200 is a second-tier technology, building on the

05-14

Hedera price forecast: HBAR risks 20% dive amid fresh selling

Tech  Hedera price forecast: HBAR risks 20% dive amid fresh selling  Hedera (HBAR) price faces new downside pressure as selling intensifies across the cryptocurrency market.  The price has slipped nearly 1% over the past 24 hours to trade around $0.092, with daily trading volume dropping 13%.  This decline below the psychological $0.10 mark pushes HBAR further from last weeks highs, even as altcoins mirror a broader risk asset downturn.  As such, and despite growing enterprise adoption and network usage, short-term price action suggests further downside risks ahead.  Could Hedera price fall another 20%?  Cryptocurrencies are positioning for a potential sustained uptick, but macroeconomic headwinds and geopolitical tensions could trigger deeper corrections before any rebound materializes.  HBAR appears poised to echo Bitcoins recent trajectory, where a retest of critical support levels often precedes recovery.  Analysts warn of a possible 20% slip from current levels, targeting the $0.072 zone.  This is a familiar floor where prices have bounced robustly in prior retests.  Notably, the bearish scenario for HBAR stems from renewed selling pressure amid global uncertainties.  Elevated US inflation readings have triggered fresh jitters among traders, with BTC slipping from recent highs.  On-chain data reveals increased transfers to exchanges, signaling profit-taking by short-term holders.  If selling persists, HBAR could test $0.075-$0.070 support, which could represent a

05-14

CFTC Issues No-Action Letter on Prediction Market Data Reporting

The CFTC has multiple ongoing disputes with state lawmakers over prediction market jurisdiction. It sued five states in a bid to cement its authority over prediction markets, including lawmakers in Wisconsin, New York, Arizona, Connecticut and Illinois.  Earlier in May, the CFTC said it received over 1,500 responses on a rule it proposed in March that would allow it to amend or issue new regulations for event contracts on prediction markets.  The responses were mixed, with some state regulators calling for a stricter crackdown on prediction markets, while others, such as venture capital firm a16z, sided with the CFTC, arguing that state crackdowns on these platforms conflict with federal law and damage market access for ordinary users.  On March 12, the CFTC issued a staff advisory classifying event contracts on prediction markets as a “financial asset class,” Cointelegraph reported.  Earlier in February, CFTC Chair Michael Selig publicly reiterated claims that the CFTC had “exclusive jurisdiction” over prediction markets.

05-14

OpenAI Faces Class Action Lawsuit Over ChatGPT Data Sharing With Meta and Google

A class action filed in California federal court accuses OpenAI of disclosing private ChatGPT user data to Meta and Google. The complaint says the company used embedded tracking technology without consumer consent.  The lawsuit covers United States residents who entered queries on ChatGPT.com. It argues that OpenAI funneled personal questions and account details to two firms whose advertising networks reach billions of people each day.  What The Complaint Alleges  The filing centers on tracking technology that Meta and Google supply to website operators for analytics and ad targeting. According to the complaint, OpenAI embedded that code into its ChatGPT site and allowed it to transmit user information automatically.  The plaintiffs say the disclosed data included query topics, account identifiers, and email addresses tied to individual users. The case argues that consumers had reasonable privacy expectations when using the chatbot. Many people share sensitive financial, medical, and legal questions there.  The complaint cites a Cyberhaven report estimating that around one percent of data employees paste into ChatGPT is confidential. The figure refers to leaked corporate material. The complaint extends that concern to individuals who use the assistant for advice on health, money, and legal matters.  The plaintiffs are seeking monetary damages and an injunction stopping the practice.

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