US Prosecutors Ask Judge to be Lenient on ex-Celsius Exec, Citing Cooperation

Cohen-Pavon pleaded guilty to fraud and conspiracy to commit price manipulation related to Celsius‘s CEL token in September 2023 as part of his role in the crypto lending platform’s activities that led to the loss of billions of dollars when the company collapsed in 2022. He had been scheduled to be sentenced before Judge John Koeltl on May 7, but on Monday the judge moved the sentencing hearing to May 13.  Mashinsky, the public face of Celsius and one of the most prominent figures in the cryptocurrency industry at the time, was sentenced to 12 years in prison in May 2025 after pleading guilty to commodities and securities fraud. Many experts saw the fall of Celsius as intertwined with the 2022 crypto market downturn that resulted in the collapse of several exchanges, including FTX and Voyager Digital.  Cohen-Pavons lawyers asked for time served ahead of his sentencing hearing, saying that the former Celsius executive took “full responsibility for his conduct and the harms caused by his participation in the CEL token manipulation scheme.”  No new trial for former FTX CEO  The sentencing hearing, expected to wrap up the criminal cases associated with Celsius, will come after another SDNY federal judge denied former FTX CEO

05-06

DXY: Asymmetric downside into payrolls – TD Securities

TD Securities analysts argue the US Dollar (USD) faces asymmetric downside risk around the April US payrolls release. They note US Dollar Index (DXY) has been rangebound with low volatility, and see limited upside even on strong jobs data, as Federal Reserve (Fed) rate cuts are largely priced out and inflation, not employment, is driving Fed expectations.  Dollar downside risk into payrolls  “Since the first week of April, the USD has traded in a tight band. Using the DXY index as a proxy, the USD has closed on a 98-handle every day since April 8. Compressed USD realized vols have kept a lid on front-end implied vols.”  “Based on high-frequency employment data such as weekly ADP and continuing claims, many market participants already expect some improvement to show up in this payrolls report. The Feds inclination to hike rates also leans more on how much the energy shock from Q1 will pass through to core inflation, rather than on labor market conditions. With Fed rate cuts pricing largely removed now, the CPI data release next week should matter more for the Fed hawks and USD bulls, in our view.”  “The USD faces asymmetric downside heading into payrolls. Extent of USD downside in the near-term

05-06

Dogecoin Breaks Out Strong: Bullish Structure Aligns For More Upside

Dogecoin has surged out of its recent consolidation with a decisive breakout, signaling a shift in market momentum. With key levels now flipped and holding as support, the setup points toward the potential for continued upside as buyers remain firmly in control.  DOGE Breaks Out As Compression Resolves Upward  In a recent technical assessment, Zero Ika highlighted that Dogecoin‘s long-standing price compression has finally been resolved to the upside. This shift was marked by a decisive breakout above the asset’s internal market structure. By clearing these key technical hurdles, the meme coin has transitioned out of its restrictive range, setting the stage for a new phase of price discovery.  The recent breakout effectively melted through previous internal supply zones, which had historically acted as resistance. From a technical perspective, this breached supply area has now become a potential support level, providing a valid foundation for trend continuation.  Future trading opportunities may arise from a potential local pullback in Bitcoin, provided that market conditions are evaluated in real-time. Zero Ika considers a long position with a modest position size, utilizing the Value Area High (VAH) as a form of coverage or protective floor. The primary objective for such a trade would be the higher-time-frame (HTF)

05-06

Banking lobby attempts to kill Clarity Acts stablecoin progress as markup is scheduled for next week

US banks are mounting an aggressive lobbying effort to stall the CLARITY Act, even as key US lawmakers signal a fast-tracked timeline to put the bill on the presidents desk before July 4.  The legislative clash centers on the Digital Asset Market Clarity Act, a sweeping regulatory framework that cleared the House with bipartisan support in July 2025.  For months, the bill has been bogged down in the Senate over a highly contentious provision regarding stablecoins and whether digital asset firms can offer yield to customers.  While a recent bipartisan compromise aimed to clear this roadblock, the banking sector is now publicly rejecting the drafted language, arguing it threatens the foundation of local lending and risks widespread capital flight.  Despite the friction, proponents of the bill on Capitol Hill are projecting confidence. Bolstered by the anticipated support from the Trump administration, Senate negotiators are holding firm against the banking lobby, setting the stage for a critical committee markup the week of May 11.  The stablecoin yield loophole and fears of deposit flight  The core of the dispute lies in how the CLARITY Act regulates yield-bearing payment stablecoins.  A coalition of major trade groups, including the American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association, the

05-06

Bitcoin Bear Market Not Over, Benjamin Cowen Says Despite Recent Rally

200D moving average on BTC daily chart  Cowen acknowledged several reasons the bear case could be wrong. Bitcoins year-to-date return is currently outperforming the average midterm year by a wide margin. The token sits roughly 10% below its yearly open, compared with a typical decline of 30 to 35% at this stage.  It has also reclaimed the bull market support band. Cowen flagged another structural shift.  “Bitcoin topped on apathy rather than euphoria.”  Retail interest never returned, and altcoins continued bleeding against Bitcoin throughout the rally. That apathetic peak could mean a different kind of bear market this time.  Why the Pattern Still Points Lower  Past cycles offer the strongest case for staying defensive. In 2014, 2018, and 2019, Bitcoin rallied above the bull market support band before pulling back, with the 200-day moving average serving as resistance.  “If I‘m right, it will seem so obvious… If I’m wrong, then by the time you do something that‘s different enough, you’re already well off the lows.”  Time between cycle lows is the other signal Cowen tracks. Recent cycles waited roughly 140 to 174 days before printing a new low.  “We‘re currently on day 88. So, who’s to know whatll happen in 3 months.”  Cowen expects the current rally to peak within

05-06

Zcash price jumps 36% to $600 resistance; bulls eye cycle high

Tech  Zcash price jumps 36% to $600 resistance; bulls eye cycle highZcash price climbed 36% to above $600 amid Bitcoins uptick.ZEC‘s rally comes as a surge in shielded supply highlights Zcash’s strength.Bulls could target $700 and cycle highs, but RSI signals profit-taking.  Zcash (ZEC) is riding the latest wave in the cryptocurrency market, surging alongside Bitcoins charge toward $82,000.  As the flagship asset nears this key psychological barrier, altcoins are joining the rally, with Toncoin (TON) climbing 22%, Internet Computer (ICP) gaining 18%, and Near Protocol (NEAR) up 15% in the past 24 hours.  This broad uptick signals a renewed investor appetite for privacy-focused and scalable protocols amid a dip in Bitcoins dominance to 54%.  Zcash explodes 36% to above $600  Zcashs price has skyrocketed 36% over the past week, flirting with the $600 resistance level early Wednesday.  The privacy coin rose to highs of $606 on Coinbase, hitting its highest level since November 2025.  Meanwhile, open interest on major futures platforms like Binance and OKX has surged to $1.3 billion, up from $964 million the day before.  These metrics reflect surging conviction and have helped propel bulls past key resistances at $450 and $540. ZEC hovered at $578 at the time of writing, with the $600 mark now

05-06

Solana Works With Google Cloud To Make AI Agents Pay in Stablecoins

The Solana Foundation and Google Cloud launched Pay.sh, a pay-as-you-go marketplace that lets AI agents settle payments in stablecoins on Solana.  The platform replaces accounts and subscriptions with pay-per-use API payments via the x402 protocol. This lets services like Gemini, BigQuery, and Vertex AI be used directly, even by autonomous software.  Solana Powers a New Settlement Layer for AI Commerce  Pay.sh extends the x402 standard, originally backed by Coinbase and Cloudflare, into a unified registry where Google Cloud sits beside more than 50 community API facilitators. Every call clears in stablecoins, with facilitators handling settlement on Solanas low-latency network. The Solana Foundation announced the rollout on X, framing it as machine-native commerce.  The launch builds on a string of integrations between the two firms. Google became a Solana validator, and the foundation rolled out its own agent toolkit. Pay.sh ties those threads together as a commercial layer.  For agents, the shift is practical. Instead of pre-funded accounts or human-managed API keys, software can negotiate access on the fly and pay only for what it consumes.  For the first time agents can discover, access, and pay-per-request for APIs from Google Cloud including Gemini, BigQuery, Vertex AI, and more using stablecoins on Solana.  No accounts, no subscriptions,  How Developers Plug

05-06

Tennessee Banks Face Digital Asset Shift After Stablecore Deal

Tech  Tennessee Banks Face Digital Asset Shift After Stablecore Deal  The Tennessee Bankers Association Stablecore as its preferred digital asset technology provider, giving more than 175 member institutions access to stablecoin and digital asset infrastructure.  The Dallas based company said the partnership will help Tennessee banks offer stablecoin accounts, tokenized deposits, digital asset accounts, on and off ramps, stablecoin payments and digital asset collateralized lending. Stablecore said banks can add the products without replacing their existing technology systems.  The deal comes as more community and regional banks look for outside infrastructure to enter digital assets. Instead of building crypto systems internally, banks can use third party platforms that connect with their current core banking tools and compliance processes.  Stablecore Deal Targets Tennessee Banks  Stablecore said its platform gives banks and credit unions a way to offer digital asset products inside a regulated banking environment. The company describes itself as a digital asset core for financial institutions.  Tennessee Bankers Association President and CEO Colin Barrett said banks need technology partners as customer expectations change. He said the partnership can help Tennessee banks bring digital asset services to customers through local institutions they already know.  Stablecore CEO and co founder Alex Treece said the endorsement gives Tennessee banks a path

05-06

Cardano price forecast: what does surge to $0.27 mean for ADA?

Cardano price was up 5% as bulls broke above $0.27 amid Bitcoins surge.Bullish RSI at 66 and rising open interest signal breakout potential.Support could be at $0.25 and $0.23, while $0.30 and 200 EMA near $0.40 are next resistance levels.  Cardano (ADA) traded to above $0.27 as bulls across the cryptocurrency market extended gains toward the key resistance zones.  ADA‘s spike aligned with this broader market strength, which has seen renewed investor optimism push Bitcoin’s price past $81,000.  The overall lift already has several altcoins posting double-digit gains, while a few like Toncoin and Zcash have exploded by more than 30% in the past 24 hours.  Cardano price surges to $0.27 as bullish sentiment builds  Data on CoinMarketCap shows Cardanos price has surged 5% in the past 24 hours and 8% this past week, with ADA decisively extending gains above the pivotal $0.25 level.  This momentum aligns with fresh capital flowing into altcoins, amplifying buying pressure.  Notably, derivatives data further bolsters the bullish narrative.  Open interest in ADA futures has risen to $546 million, signaling heightened trader conviction.  Meanwhile, funding rates for perpetual contracts hovered at positive 0.0074%, and 24-hour spot trading volume was at $129 million.  These factors point to mounting bullish sentiment, and Cardano could capitalize on this

05-06

Lucid stock crashes 10% amid mixed quarterly earnings

The underwhelming results were largely attributed to seat supplier issues that disrupted deliveries of the Lucid Gravity model in February. However, management claims to have resolved the issue, with deliveries accordingly expected to recover through the rest of 2026.  Lucids GAAP gross margin plunged to -110% in Q1, down from -97% a year earlier and -81% in the previous quarter. The decline was due to lower volumes, reduced regulatory credit sales, and tariff-related pressures.  Net losses widened significantly to $1.03 billion, compared to $366 million a year ago. Further, the quarter included $231.1 million in non-cash charges, while adjusted EBITDA margin deteriorated further to -276%.  Moreover, Lucid ended the quarter with $3.2 billion in liquidity, including $0.7 billion in cash and $2.5 billion in available credit. The capital raise included a $200 million investment from Uber and $550 million from Saudi Arabias Public Investment Fund (PIF) via convertible preferred stock.  Lucid bets on robotaxis, strikes a deal with Uber  The Uber partnership is the most notable. Namely, Lucid seeks to expand sales of its existing Air and Gravity models, scale production through its upcoming midsize platform, and advance autonomous driving through similar partnerships.  CEO Marc Winterhoff said during the earnings call.  What‘s more, the earnings call revealed

05-06
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