Grayscale Cuts a DeFi Token From Its Fund as a New One Takes Over

Grayscale Investments has disclosed the new component weightings for its multi-asset funds as part of the Q1 2026 rebalancing.  The asset manager has removed Aerodrome Finance (AERO) entirely from its Decentralized Finance (DeFi) Fund and added Ethena (ENA) at a 13.59% weight.  Grayscale Drops AERO From DeFi Fund, Adds ENA in Q1 Rebalance  According to the press release, Grayscale funded the ENA purchase by selling AERO and other existing components proportionally.  AERO held a 5.36% weight before its full removal, ending its position in Grayscales flagship DeFi product. The altcoin was added during the Q3 2025 rebalancing and replaced MakerDAO (MKR).  “The compositions of DEFG Fund and GSC Fund are evaluated on a quarterly basis to remove existing Fund Components or to include new Fund Components, in accordance with the index methodologies established by the Index Provider. Holdings and weightings of each Fund are subject to change. Investors cannot directly invest in an index,” the asset manager stated.  Every quarter, we rebalance and update the components of our multi-asset funds:  • Grayscale Decentralized Finance (DeFi) Fund  • Grayscale Smart Contract Fund  Read on for our Q3 updates ????⬇️ pic.twitter.com/FwusoOinpQ  — Grayscale (@Grayscale) May 6, 2026  Meanwhile, Ondo (ONDO) recorded the biggest gain among retained holdings, climbing from 14.10% to 19.83%. Uniswaps

05-07

LINK Price Prediction: $14.40 Target Emerges as ETF Momentum Accelerates

The Immediate Setup  Chainlink is displaying textbook breakout behavior at $9.92, sitting comfortably above its entire moving average stack for the first time in months. The 3.55% daily surge pushed LINK through the $9.77 upper Bollinger Band, signaling institutional money positioning ahead of the Bitwise Spot Chainlink ETF approval. With RSI at 65.33 – positioned in the bullish zone without being overbought – and both retail (64.5% long) and smart money (69.3% long) aligned, the setup points toward continuation rather than reversal.  The derivatives market tells an even stronger story. Despite a 4.83% drop in open interest, the aggressive buying pressure (1.2019 buy/sell ratio) indicates fresh capital entering rather than short covering. When Blockchain.news analyzed similar ETF-driven momentum in other major cryptos, the pattern typically lasted 2-4 weeks before meaningful corrections.  Key Levels Exposed  The technical architecture favors bulls right now. LINK has decisively reclaimed the $9.34 SMA-20 as support, with the entire short-term moving average cluster ($9.36 SMA-7, $9.40 EMA-12, $9.29 EMA-26) acting as a launching pad. The immediate resistance at $10.06 looks fragile given the momentum, but the real battle will be at $10.19 strong resistance.  The 200-day moving average at $11.57 represents the final technical hurdle before higher targets become accessible. The

05-07

ETH Price Prediction: $2,500 Target Within 14 Days as Bullish Divergence Emerges

ETHs Technical Reality Check  Ethereum‘s current positioning screams controlled accumulation. Trading at $2,370 with an RSI hovering at 58.67, we’re seeing textbook neutral momentum thats primed for directional commitment. The MACD histogram flatlined at zero reveals the exact moment where momentum shifts occur – and with price sitting 77% up the Bollinger Band range, buyers are clearly testing upper boundaries without panic buying.  What‘s particularly telling is ETH’s relationship with its moving averages. Price trades nearly 7% above the 200-day SMA at $2,695, yet maintains disciplined distance from the 20-day at $2,324. This spread indicates institutional-grade positioning rather than retail FOMO. The $67 daily ATR confirms volatility remains elevated enough for significant moves, but contained enough to prevent washout scenarios.  According to data tracked by Blockchain.news, this technical alignment often precedes sustained upward momentum when combined with favorable derivatives positioning.  Volume & Price Alignment  The derivatives market tells a compelling story that contradicts surface-level bearish sentiment. With $632 million in spot volume and $4.87 billion in open interest, institutional participation remains robust. The -0.0020% funding rate signals neither excessive bullishness nor bearish capitulation – exactly where smart money likes to operate.  The most revealing metric? Top traders maintain a 54.2% long bias while retail crowds into

05-07

Ethereum’s slowdown raises broader concerns for the crypto market

Decentralized exchange volume on Ethereum has dropped about 53% over the past six months. DApp revenue has fallen about 49%. Solana and Hyperliquid combined now account for roughly 42% of DApp revenue market share, even though Ethereums total value locked (TVL) remains six times larger than its nearest competitor.  The cooling memecoin market and a decline in new token issuance have pulled trading activity from Ethereum-based decentralized exchanges, while cheaper rival blockchains have absorbed the rest.  Hacks and competition both ate into trader sentiment  Crypto-related exploit losses hit roughly $630 million in April alone. KelpDAO and Drift Protocol accounted for more than 80% of that figure. Cybersecurity firm Hacken tied the attacks to North Korea-linked actors.  As Cryptopolitan reported in late April, the KelpDAO exploit alone triggered $13 billion in Aave TVL outflows within days, with bad debt at the lending protocol estimated at $177 million before recovery efforts began.  The hack-driven erosion of trust compounded the structural shift.  Solana and Hyperliquid have not just attracted speculative volume. They have been steadily winning DApp revenue share that historically sat with Ethereum, particularly in derivatives and high-frequency trading workflows, where lower fees and faster confirmation matter more than pure decentralization.  BitMines $1.4 billion paper loss tests the ETH

05-07

Ondo, JPMorgan, Mastercard and Ripple complete tokenized Treasury pilot on XRP Ledger

Tech  Ondo, JPMorgan, Mastercard and Ripple complete tokenized Treasury pilot on XRP Ledger  Ondo Finance, Kinexys by J.P. Morgan, Mastercard and Ripple completed a pilot transaction linking tokenized US Treasuries on the XRP Ledger with interbank settlement infrastructure.  Ondo, Kinexys by @jpmorgan, @Mastercard, & @Ripple successfully completed a landmark pilot transaction connecting the XRP ledger with interbank settlement rails.  This milestone marks the first time tokenized U.S. Treasuries have settled across borders and banks in near real time… pic.twitter.com/BUjvWwHBGg  — Ondo Finance (@OndoFinance) May 6, 2026  The transaction involved Ripple redeeming a portion of its Ondo Short Term US Government Treasuries holdings on XRPL.  Ondo processed the redemption and sent the fiat payout instruction through Mastercard‘s Multi Token Network, which routed it to Kinexys by J.P. Morgan. Kinexys debited Ondo’s blockchain deposit account and delivered USD proceeds to Ripple‘s bank account in Singapore through J.P. Morgan’s correspondent banking network.  The companies said the pilot marked the first near real time, cross border and cross bank redemption of a tokenized US Treasury fund outside traditional banking windows.  The transaction shows how tokenized assets can interact with public blockchain rails and traditional bank settlement systems in a single flow, instead of relying on separate wire transfers and manual redemption processes.  Kinexys is

05-07

NYSE tokenization partners warn synthetic stock tokens could mislead retail traders

Executives from Intercontinental Exchange (ICE), OKX and Securitize warned that synthetic tokenized stocks are creating market and retail risks, as ICE moves ahead with a regulated platform for tokenized U.S. equities.  Michael Blaugrund, who works on strategic initiatives at ICE, the owner of the New York Stock Exchange (NYSE), said during a panel at Consensus Miami that NYSEs first version will start with pre-funded tokenized equities trading against stablecoins.  That model is “not the sexiest way” to build a market, Blaugrund said, but gives issuers, investors and regulators a structure they can evaluate before more complex features such as leverage or self-custody.  Carlos Domingo, founder and CEO of Securitize, said offshore tokenized stock products are taking the opposite approach. Some use public-company names without issuer approval and do not represent the underlying equity, he said.  “For some stocks theres like five different tokenized versions,” Domingo said, citing Coinbase as an example. “None of them actually represent equity on Coinbase.”  The risk is clearest during corporate actions, Domingo said, as he saw one tokenized stock wrapper trade at prices that differed by five times across markets after a stock split.  Haider Rafique, OKXs global managing partner officer, noted the exchange has not launched synthetic tokenized securities and

05-07

VIRTUAL eyes $1 breakout: Whats fueling the bullish momentum?

Tech  VIRTUAL eyes $1 breakout: Whats fueling the bullish momentum?  Virtual Protocols [VIRTUAL] recent 11% upside does not come as a surprise. It reflected a steady buildup in trading activity alongside rising participation across the network.  User growth has accelerated, driving the assets latest rally, while broader sentiment has improved. With momentum building, VIRTUAL now approaches a key level last seen in 2025.  Fundamentals underpin the rally  The current move is backed by structural improvements that began taking shape around mid-April.  Holder growth remains a primary driver, as evident on the chart. Since the 13th of April, the number of wallets holding VIRTUAL has increased by 10,000, pushing the total to 1.06 million.  Source: CoinMarketCap  This expansion signals sustained accumulation, suggesting that new entrants are positioning for longer-term upside rather than short-term speculation.  Market sentiment has also shifted in favor of the bulls. Since the 2nd of May, the share of investors with a bullish long-term outlook has increased by 2.25%, reinforcing confidence in the assets trajectory.  Breakout structure supports upside continuation  The structure, defined by a rising support trendline and a horizontal resistance level, typically precedes directional moves once breached.  Source: TradingView  The breakout signals continuation, with price now targeting the $1 psychological level. If momentum holds, the next extension could push

05-07

Kevin OLearys Utah AI campus gets approved

Box Elder County commissioners approved Kevin O‘Leary’s 9GW Stratos AI campus in Utah on May 4, amid loud public protests from hundreds of local residents.Kevin O‘Leary’s Stratos project, a 40,000-acre AI campus in Utah, received county approval on May 4 despite strong community opposition over water, energy, and environmental concerns.The campus will generate up to 9 gigawatts at full buildout, more than twice Utahs current total electricity consumption, powered by an on-site natural gas pipeline.OLeary framed the project as a direct response to China building 400 gigawatts of AI-capable power over the past two years, calling it a national security priority.  Box Elder County commissioners in Utah voted unanimously on May 4 to approve the Stratos AI campus backed by Kevin O‘Leary Digital, the infrastructure arm of O’Leary Ventures.  The approval came over the objections of hundreds of residents who chanted “Shame!” as the vote was announced and who said they had been given too little time to raise concerns before the decision.  The campus, designated through Utahs Military Installation Development Authority, spans more than 40,000 acres and will reach 9 gigawatts of generation capacity at full buildout.  Phase one calls for approximately 3 gigawatts. Kevin OLeary told Fox Business the site will be

05-07

Ethereum on-chain activity spikes to all-time high

Ethereum  Ethereum on-chain activity spikes to all-time high  The Ethereum (ETH) network has seen a surge in on-chain activity recently, with monthly confirmed transactions skyrocketing to an all-time high (ATH).  Last week, the Ethereum network recorded nearly 22 million transactions, according to data from analyzed by Finbold on May 6. As such, the blockchain registered its weekly transaction ATH, signaling renewed organic demand for the leading smart contract ecosystem.  Ethereum weekly transaction activity. Source: BlockWorks  In April, the Ethereum chain smashed its previous monthly transaction record set in January 2026. After gradually increasing its monthly transaction volume from February, the ETH network reported 72.83 million transactions in April, its ATH.  ETH monthly transactions. Source: Artemis  The rising demand for Ethereum-based smart contracts among institutional investors has bolstered on-chain activity. Moreover, the network has attracted notable growth in real-world assets (RWA) tokenization and stablecoins. During the past 30 days, the chains RWA transfer volume surged 9.78% to $21.61 billion while its stablecoin holders increased by nearly 2% to more than 22.5 million, based on metrics from .  Ethereum RWA activity. Source: RWA.xyzEthereum price rebounds on rising on-chain activity  Notable growth in on-chain activity on Ethereum has bolstered bullish sentiment recently. Furthermore, an uptick in on-chain activity often reciprocates to increased

05-07

AlloX Integrates with Binance Wallet to Offer AI-Driven Narrative Investing

AlloX, an AI-led investment entity, has announced a landmark development for those using Binance Wallet, the top crypto exchange Binances Web3 wallet. AlloX has integrated with Binance Wallet, providing an AI-driven narrative investing service for up to 300 million Binance consumers. As AlloX pointed out in its official social media announcement, the development permits the eligible Binance users to leverage the AI-powered portfolio construction instruments thereof within their crypto wallet. Hence, the development removes the requirement for switching between diverse apps, providing a seamless investing experience with one click.  AlloX Broadens One-Click AI-Led Narrative Investing to 300M Binance Wallet Users  AlloXs integration brings an AI-led narrative investing service to 300M Binance Wallet clients. The initiative merges blockchain architecture with artificial intelligence (AI), enabling diversified portfolio development across leading narratives like memecoins, real-world assets (RWAs), DeFi, and more. For institutional and retail investors alike. So, the integration denotes a key move toward advancing efficiency and accessibility of AI-powered investing.  Specifically, AlloX is popular for developing AI-developed, diversified portfolios specified for exclusive market narratives. The Binance Wallet integration lets consumers delve into unique investment opportunities regarding diverse markets, ranging from AI tokens to DeFi, without quitting the Binance network. This seamless initiative decreases friction, letting

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