AUD/JPY Price Forecast: Grinds higher above 113.00, bullish trend holds above key average

In the daily chart, AUD/JPY holds a constructive bullish bias as it sits above the 100-day Exponential Moving Average (EMA), keeping the broader uptrend intact. The Relative Strength Index (14) around 53 suggests moderate, non-stretched momentum, hinting that bulls still retain control but lack a strong overbought impulse for an immediate breakout.  On the topside, initial resistance is aligned at the Bollinger 20-day middle band near 113.60. The next upside barrier emerges at the May 6 high of 114.32, with the upper band coming in higher at 114.82 as the next hurdle if buyers extend the advance. On the downside, first support is seen at the lower Bollinger band at 112.40, ahead of the April 30 low of 111.33. The key contention level is seen at the 100-day EMA of 109.60, where a deeper pullback would be expected to attract dip-buying interest while the broader bullish structure persists.

05-07

Hut 8 Stock Soars 35% Despite Massive $253M Quarterly Loss

Tech  Hut 8 Stock Soars 35% Despite Massive $253M Quarterly Loss  Quarterly revenue fell to $71 million, below analyst expectations, but sentiment improved after Hut 8 announced a $9.8 billion, 15-year AI infrastructure deal involving 352 megawatts of leased power capacity.  Hut 8 Defies Earnings Loss  Shares of on Wednesday despite the company reporting a net loss of over $253 million for the first quarter of 2026. Investors appeared to focus more on the firms long-term expansion plans and exposure to artificial intelligence infrastructure rather than the quarterly loss itself.  According to the company‘s , the loss was largely tied to a decline in the market value of its . Bitcoin experienced a lot of volatility over the period, and dropped from highs above $126,000 in October to lows near $60,000 in February. This decline negatively impacted the value of Hut 8’s reserves and weighed heavily on its financial results.  The company generated more than $71 million in revenue during the quarter, which was a decline of around 22% compared to the previous quarters $88.4 million. The figure also came in below analyst expectations, as FactSet forecasts estimated quarterly revenue closer to $78.5 million.  Despite the weaker earnings performance, market sentiment improved after Hut 8 a major

05-07

WTI consolidates above $93.00 as traders weigh US-Iran peace hopes

Finance  WTI consolidates above $93.00 as traders weigh US-Iran peace hopes  West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a range during the Asian session on Thursday and, for now, seems to have stalled the previous days modest bounce from sub-$87.00 levels, or over a two-week low. The black liquid currently trades just above mid-$92.00s, down nearly 0.65% for the day, amid mixed cues.  Investors turned optimistic over a potential agreement to end the Iran war and reopen the Strait of Hormuz after US President Donald Trump said that a deal with Iran was very possible. This, in turn, is seen as a key factor undermining Crude Oil prices, though the downside remains cushioned as investors reassess the likelihood of a peace deal. Adding to this, a broadly weaker US Dollar (USD), which tends to benefit the USD-denominated commodity, contributes to limiting losses for the black liquid.  Iran‘s state-linked media pushed back against claims of a broader agreement, while the Iranian Students’ News Agency said that the US proposal includes provisions that Tehran has already rejected in recent days. Furthermore, the BBC reported that Iran is still reviewing the US proposal to end the conflict and lift the

05-07

Solana Sees Rising Social Hype, Yet Network Activity Is Falling

Tech  Solana Sees Rising Social Hype, Yet Network Activity Is Falling  Data shows social media sentiment around Solana has been rising recently, but network utility has actually followed the opposite path.  Solana Active Addresses Have Been On The Decline  In a new post on X, analytics firm Santiment has talked about how a couple of key metrics related to Solana have changed recently. The indicators in question are the Positive/Negative Sentiment and Daily Active Addresses.  First, the Positive/Negative Sentiment compares the bullish and bearish sentiments related to a given asset that are currently present on the major social media platforms. The indicator works by first separating positive and negative comments containing mentions of the asset using a machine-learning model and then taking the ratio of their counts.  As the chart below shows, the Positive/Negative Sentiment has been going up for Solana recently, implying an improvement in investor mood around the cryptocurrency.  Back in February, the indicator had plummeted for Solana as a consequence of the price crash. But even then, its value didnt drop below the 1 level, meaning that sentiment never outright turned bearish, at least from the perspective of this metric.  From the graph, its visible that the improvement in sentiment was gradual at first, but

05-07

Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at the 11-week high

Finance  Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at the 11-week high  GBP/USD Price Forecast: Holds gains near 1.3600 as bullish bias prevails  GBP/USD remains stronger for the third consecutive day, trading around 1.3600 during the Asian hours on Thursday. The technical analysis of the daily chart indicates an improving bullish trend as the pair rebounds from the lower boundary of the ascending channel.  GBP/USD keeps a constructive bullish bias as it holds just above the 1.3600 horizontal pivot. The pair also trades over the nine-period Exponential Moving Average (EMA) and the 50-period EMA, suggesting the broader uptrend remains supported. Read more…  GBP/USD hesitates with NFP and UK construction PMI in focus  GBP/USD gained around 0.4% on Wednesday, settling close to 1.3595 after testing 1.3645 and failing to clear the 1.3600 handle on the close. The pair has hesitated at the upper end of recent congestion, with a cluster of upper wicks and small-bodied candles near the session high pointing to fading conviction as bulls struggle to build momentum at this resistance zone.  On the UK side, the April S&P Global Composite and Services Purchasing Managers‘ Index (PMI) prints both beat consensus on Wednesday at 52.6 and 52.7 respectively, suggesting private sector activity

05-07

Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at the 11-week high

Finance  Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at the 11-week high  GBP/USD Price Forecast: Holds gains near 1.3600 as bullish bias prevails  GBP/USD remains stronger for the third consecutive day, trading around 1.3600 during the Asian hours on Thursday. The technical analysis of the daily chart indicates an improving bullish trend as the pair rebounds from the lower boundary of the ascending channel.  GBP/USD keeps a constructive bullish bias as it holds just above the 1.3600 horizontal pivot. The pair also trades over the nine-period Exponential Moving Average (EMA) and the 50-period EMA, suggesting the broader uptrend remains supported. Read more…  GBP/USD hesitates with NFP and UK construction PMI in focus  GBP/USD gained around 0.4% on Wednesday, settling close to 1.3595 after testing 1.3645 and failing to clear the 1.3600 handle on the close. The pair has hesitated at the upper end of recent congestion, with a cluster of upper wicks and small-bodied candles near the session high pointing to fading conviction as bulls struggle to build momentum at this resistance zone.  On the UK side, the April S&P Global Composite and Services Purchasing Managers‘ Index (PMI) prints both beat consensus on Wednesday at 52.6 and 52.7 respectively, suggesting private sector activity

05-07

Crypto thief gets 78 months as $250M wallet ring collapses

A federal court in Washington, D.C., sentenced Marlon Ferro, 20, of Santa Ana, California, to 78 months in prison over his role in a social engineering group that stole well over $250 million in crypto from U.S. victims. Ferro received 78 months after prosecutors linked him to burglaries targeting high-value crypto hardware wallets.The ring stole over $250 million through fake calls, database hacks, laundering, and residential break-ins.FBI data shows crypto fraud losses topped $11 billion as global enforcement actions keep widening.  The Justice Department said the court also ordered three years of supervised release and $2.5 million in restitution.  Ferro, also known as “GothFerrari,” pleaded guilty on Oct. 17, 2025, to one count of conspiracy to participate in a Racketeer Influenced and Corrupt Organization. U.S. Attorney Jeanine Ferris Pirro said Ferro acted as the groups “instrument of last resort,” a phrase that described his alleged role when online tricks failed.  Online fraud turned into home break-ins  Prosecutors said the group used several roles to find and steal from crypto holders. Those roles included database hacking, target selection, fake calls, laundering, and burglary. The group operated from late 2023 to early 2025 and had members in California, Connecticut, New York, Florida, and abroad.  Court records said

05-07

White House targets July 4 for Clarity Act passage, says crypto adviser Patrick Witt

The White House is aiming for July 4 for Congress to pass the Digital Asset Market Clarity Act, Patrick Witt, executive director of the President‘s Council of Advisors for Digital Assets, told CoinDesk’s Consensus Miami conference on Wednesday.  “Were targeting July 4th. I think that would be a tremendous birthday present for America, celebrating our 250th,” Witt said. The mechanics, according to Witt, are: Senate Banking Committee markup this month, four working Senate weeks in June for floor passage and enough runway for a U.S. House of Representatives vote before the Independence Day deadline.  That timeline runs ahead of the prediction Sen. Kirsten Gillibrand shared on the same stage earlier in the day, when the New York Democrat predicted Clarity would reach the presidents desk by the first week of August.  “Theres not a lot of slack left in the rope right now,” Witt said. “But it is an achievable timeline.”  The path to markup opened when Sen. Thom Tillis (R-NC) and Sen. Angela Alsobrooks (D-MD) released a compromise on the bills stablecoin-yield provisions in early May, banning bank-deposit-equivalent yield on stablecoins while leaving room for rewards tied to spending. Witt said the White House convened banks and crypto firms to fashion the language,

05-07

Stablecoin Industry Opposes Bank of England’s Unhosted Wallet Ban

Tech  Stablecoin Industry Opposes Bank of Englands Unhosted Wallet Ban  As the UK considers options to attract and develop the crypto industry at home, the Bank of England (BOE) has put forward several proposals for how it might regulate stablecoins to mitigate perceived financial risks.  These have included a ban on custodial wallets for stablecoin holdings. The UK crypto industry, from stablecoin issuers to Bitcoin hardliners, has predictably taken issue with the ban.  “This would be a serious misstep for the UK, risking long-term damage that is hard to unwind,” said Benoit Marzouk, CEO of stablecoin issuer tGBP told Cointelegraph.  Ban could hamper operability and competitiveness  At the heart of the BOEs approach to stablecoins, which it recently discussed in a series of inquiries before the House of Lords, is protecting the UK banking system.  The bank argues that unhindered access to stablecoins, which can offer higher yields than traditional banking products, could lead to a run on deposits, and therefore on credit availability from UK banks.  In March, Bank of England Deputy Governor Sarah Breeden the House of Lords Financial Services Regulation Committee that BOE is “open to other ways of achieving the objective” of credit availability.  “But I think you would expect us as the financial stability

05-07

Toncoin doubles on growing Make TON Great Again momentum

Tech  Toncoin doubles on growing Make TON Great Again momentum  Toncoin (TON) extended its rally overnight as markets braced for the second half of Pavel Durovs seven-step Make TON Great Again (MTONGA) roadmap.  The token rose from roughly $1.37 to $2.8 at press time, more than doubling in value shortly after Durov said Telegram had become TONs largest validator.  Source: CoinGecko  Toncoins rally has pushed it into the top 20 crypto assets by market capitalization, where it now ranks 19th. It has overtaken Chainlink and Canton as its market value climbs to around $7.5 billion, narrowing the gap with Monero.  Source: CoinGecko  The layer 1 crypto asset has also led in gains over the past 24 hours, followed by Venice Token, Near Protocol, and MemeCore.  Telegram brings TON back home  Telegram is bringing TON, originally known as the Telegram Open Network, back home. Durov said the company would replace the TON Foundation as the primary steward of the network.  The project was developed by the Durov brothers in 2018 but regulatory issues forced Telegram to stop working on it. TON, then known as The Open Network, later continued under an independent community and the TON Foundation.  The TON Foundation has driven a number of key initiatives to expand the networks ecosystem.

05-07
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