Fairshake and AI PACs pour $100m into midterms

Fairshake has spent $28 million in 2026 primaries as a new poll shows most Americans distrust crypto and AI, raising questions about the political value of industry-backed super PAC money.Fairshake and pro-AI PAC Leading the Future have together spent over $100 million in 2026 midterm races, according to federal filings and published reporting.A Public First poll for Politico in April found 45% of Americans say investing in crypto is too risky, and 44% say AI is developing too fast.Only 3% of survey respondents recognise Fairshake by name, but analysts warn backlash could be swift once voters connect the spending to the industries behind it.  Fairshake, the pro-crypto super PAC backed by Coinbase, Andreessen Horowitz, and Ripple, has spent $28 million across competitive 2026 primaries. Combined with pro-AI group Leading the Future, which launched in August 2025 and has raised more than $75 million, the two industry-aligned groups have together deployed over $100 million in the current midterm cycle.  The spending arrives against a difficult backdrop. A Public First poll conducted for Politico in April, surveying 2,035 US adults, found 45% of Americans say investing in cryptocurrency is not worth the risk, 44% say AI is developing too fast, and nearly two-thirds want

05-07

AUD/USD nears four-year high as Iran deal hopes weaken US Dollar

Technical Analysis  In the fifteen-minute chart, AUD/USD trades at 0.7239. The pair holds above the days open at 0.7205, keeping a mild intraday bullish bias in place as buyers defend the recent recovery from lower levels. The Stochastic RSI at around 60 leans positively but is not overbought, suggesting upside pressure persists without yet signaling exhaustion.  On the downside, initial support is located at the days open near 0.7205, where a break would weaken the constructive tone and expose deeper retracement toward prior intraday lows. With no major moving averages or structural resistance levels provided overhead, short-term price action is likely to be driven by momentum swings, with a sustained Stochastic RSI push toward overbought territory needed to signal a more extended advance.  In the daily chart, AUD/USD trades at 0.7239. The pair holds well above both the 50-day Exponential Moving Average (EMA) at 0.7072 and the 200-day EMA at 0.6826, keeping the near-term bias constructive as the medium-term trend remains pointed higher. The short-term pullback in the Stochastic RSI toward the mid-range around 53 suggests momentum has cooled from overbought territory but still hints at ongoing upside pressure while price action stays supported by these underlying averages.  On the downside, initial support is

05-07

GBP/USD stalls below 1.36 ahead of NFP and UK data this week

Technical Analysis  In the fifteen-minute chart, GBP/USD trades at 1.3594, holding a modest bullish intraday bias as it remains above the daily open at 1.3567. The move away from the opening level suggests dip-buying interest on minor pullbacks, while the Stochastic RSI around 73 hints that upside momentum is positive but edging toward short-term overbought conditions, which could slow the pace of further gains.  On the downside, initial support is located at the days open near 1.3567, where buyers would be expected to re-emerge on a shallow correction to preserve the constructive tone. As long as the pair defends this floor on closing basis, intraday risks are likely to stay skewed to the upside, even if stretched momentum readings trigger brief consolidations or minor reversals.  In the daily chart, GBP/USD trades at 1.3594. The pair holds a constructive near-term bias as price extends above the 50-day Exponential Moving Average (EMA) at 1.3465, indicating that the broader pullback has given way to renewed demand on dips. However, the Stochastic RSI has eased back toward mid-range around 48, hinting that upside momentum is moderating after the recent advance, which could encourage consolidation rather than an immediate directional push.  On the downside, initial support is aligned with

05-07

Dollar Index Slips Below 98 As US-Iran Peace Hopes Rise

Tech  Dollar Index Slips Below 98 As US-Iran Peace Hopes Rise  The US Dollar Index (DXY) fell below the 98.00 mark on Tuesday, driven by mounting speculation that the United States and Iran may be nearing a diplomatic breakthrough. The decline reflects a broad shift in investor sentiment as geopolitical risk premiums tied to Middle East tensions begin to unwind.  Market Reaction and Immediate Drivers  The DXY, which measures the greenback against a basket of six major currencies, dropped as low as 97.85 during early European trading hours. The move marks a continuation of recent weakness, with the index now testing levels not seen since early January. Traders pointed to unconfirmed reports of indirect talks between Washington and Tehran as the primary catalyst, though no official confirmation has been released by either government.  Currency markets are pricing in a potential reduction in safe-haven demand for the dollar, which had rallied earlier this year on fears of a broader conflict in the Middle East. A peace deal would likely reduce oil supply risks, lower energy prices, and diminish the dollars appeal as a haven asset.  Geopolitical Context and Timeline  Relations between the US and Iran have been tense since the Trump administration withdrew from the Joint Comprehensive Plan

05-07

EUR/GBP Set To Edge Higher, Rabobank Analysts Predict

Tech  EUR/GBP Set To Edge Higher, Rabobank Analysts Predict  Analysts at Rabobank have issued a fresh forecast for the EUR/GBP currency pair, suggesting a gradual upward trajectory in the coming weeks. The Dutch banks currency strategists point to a combination of monetary policy divergence and relative economic data as key drivers behind the anticipated move.  Whats Driving the EUR/GBP Outlook?  Rabobanks analysis centers on the European Central Banks (ECB) more hawkish stance compared to the Bank of England (BoE). While both central banks are navigating inflationary pressures, the ECB has signaled a more determined path toward tightening, which tends to support the euro. In contrast, the BoE faces a more fragile UK economic outlook, with growth concerns potentially limiting the pace of rate hikes.  Furthermore, recent economic data from the eurozone has shown relative resilience, particularly in the services sector, while UK data has been more mixed. This divergence in economic performance is seen as another factor that could push the EUR/GBP cross higher.  Technical and Market Context  From a technical perspective, the EUR/GBP pair has been consolidating in a narrow range over the past few weeks. Rabobank‘s view suggests that a break above this range is likely, though the move is expected to be ’creeping rather

05-07

Ethereum Price Risks Falling as Bitcoin OG Deposits $396M in ETH, More Selloff Ahead?

Bitcoin Ethereum  Ethereum Price Risks Falling as Bitcoin OG Deposits $396M in ETH, More Selloff Ahead?  Ethereum price traded near the flatline today, despite a slight uptick recorded in the broader crypto market. Notably, the flagship crypto came into focus today, after Garrett Jin (BitcoinOG1011short) deposited $396 million in ETH to Binance.  A flurry of market participants is evaluating if he plans to sell the ETH holdings ahead. Simultaneously, if he continues offloading Ethereum, it could further put pressure on the ETH price.  $396M Ethereum Movement Sparks Discussions  According to the latest data from Lookonchain, Garrett Jin has deposited 166,023 Ethereum to Binance, valued at $396 million. This has sparked speculation about whether he plans to sell his holdings, which in turn could hamper the much-anticipated rally in the Ethereum price.  Source: Lookonchain, X  In addition, he still holds 381,695 ETH, worth $907.2 million at the current price. Having said that, the investors are closely watching if he continues to dump ETH in the near future, which could further dampen the market sentiment.  Meanwhile, the leading on-chain transaction tracking platform, Lookonchain, has further fueled discussions with its latest update. For context, another update showed that the US Government deposited 3.233 ETH, worth $7.63K, from the Glenn Olivio Seized

05-07

Ethereum price reclaims $2,380: Is ETHs structural shift finally here?

Ethereum  Ethereum price reclaims $2,380: Is ETHs structural shift finally here?  The institutional capital flow into Ethereum [ETH] has not slowed. A recent report explored how the biggest corporate Ethereum holder in the world, Bitmine Immersion Technologies, which holds over 5 million ETH, has a cleaner balance sheet for not taking on debt to acquire ETH more aggressively.  The Bitmine holdings have an average cost basis of $2,336 per Ethereum. Curiously, that was not far from the current market price of ETH.  Towards the end of April, the ETH spot ETF flows turned negative but have flipped positive in May once more. Combined with the promise of further purchases from the digital asset treasury, Bitmine, can Ethereum rally to $3,000 in 2026?  Ethereum trend shift met by realized price resistance  In a post on X, crypto analyst Ali Martinez pointed out that a new uptrend was underway. In mid-March, the SuperTrend indicator had flipped bullishly, and the leading altcoin has rallied 30% since then.  It does face a substantial barrier around $2.4k. The realized price at $2,380 has been overcome at press time, but this feat was achieved three weeks ago. What needs to be achieved now is that the price has to stay above this level

05-07

Ethereum Price Prediction: ETH Eyes $3K Move While Resistance Holds

Ethereum  Ethereum Price Prediction: ETH Eyes $3K Move While Resistance Holds  Ethereum is stuck below the same $2,400 resistance that has blocked its recent recovery, while charts from TedPillows and Sky show a tighter setup forming near that level. A clean breakout could open the way toward $3,000 and higher, but another rejection may send ETH back toward lower support zones.  Ethereum Price Stalls Below $2,400 as Downside Risk Builds  Ethereum traded near $2,369 on the 2 day ETH/USDT chart shared by TedPillows. The chart shows ETH failing again near the $2,400 resistance zone, even as Bitcoin has shown stronger price action.  TedPillows said Ethereum remains weak until it breaks above $2,400. The chart supports that view because ETH has tested the same red resistance area several times without a confirmed breakout.  Ethereum $2,400 Resistance Chart. Source:  The nearest resistance sits around $2,400 to $2,470. A stronger breakout would need ETH to clear this zone and hold above it. After that, the next marked level appears near $2,624, followed by the larger resistance band around $2,800.  However, the chart also shows downside risk if Ethereum fails again. The nearest support sits around $2,140 to $2,180, marked by the green zone. If ETH drops below that area, the next

05-07

Tokenized Treasuries on Ethereum Hit Record $8B Market Cap

Ethereum  Tokenized Treasuries on Ethereum Hit Record $8B Market CapToken Terminal said tokenized U.S. Treasuries on Ethereum reached a record market cap near $8 billion.The market has doubled over the past six months, according to Token Terminals chart.CoinGlass data showed ETH near $2,358.58, down 0.97% over 24 hours.  Tokenized U.S. Treasuries on Ethereum reached a new record near $8 billion in market capitalization, according to Token Terminal. The chart showed the sector doubling over the past six months, with a sharp rise into May 2026 after a period of slower growth.  Wu Blockchain also reported the milestone, citing Token Terminal data and naming key products behind the move. Meanwhile, ETH traded lower near $2,358.58 on Coinglass data, even as Ethereums real-world asset activity continued to expand.  Treasury Tokens Hit Record  Token Terminal said the market cap of tokenized U.S. Treasuries on Ethereum reached an all-time high of about $8 billion. Its chart showed steady growth from early 2023, followed by a much faster expansion from late 2024 into 2026.  The largest acceleration appeared after the market moved above the $4 billion area. The chart then showed a brief pullback before a fresh climb, with the latest move pushing the market close to the $8 billion level.  Notably,

05-07

NYSE warns fake tokenized stocks threaten retail

NYSE parent ICE and Securitize warned at Consensus Miami 2026 that offshore synthetic tokenized stocks are misleading retail investors and creating serious risks for the broader market.Executives from ICE, OKX, and Securitize said at Consensus Miami that synthetic tokenized stocks often do not represent underlying equity and use company names without issuer approval.Securitize CEO Carlos Domingo said some stocks have five different tokenized versions on the market, none of which represent actual equity.NYSE, owned by ICE, is building a regulated tokenized equity platform starting with pre-funded tokens trading against stablecoins.  NYSE executives and partners raised the alarm at Consensus Miami 2026 on Wednesday over a wave of offshore synthetic tokenized stocks they said are creating market risks and misleading retail investors.  Michael Blaugrund of ICE, the NYSE‘s parent company, and Securitize CEO Carlos Domingo both warned that products operating outside regulated frameworks are exploiting the tokenization trend at retail investors’ expense.  “For some stocks theres like five different tokenized versions,” Domingo said at the panel. “None of them actually represent equity on Coinbase,” using the exchange as a concrete example of how public company names are being used without issuer approval by offshore token products that offer only synthetic price exposure.  Blaugrund said NYSE‘s

05-07
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