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US Dollar Index: Hawkish repricing supports DXY – OCBC

Finance　　US Dollar Index: Hawkish repricing supports DXY – OCBC　　OCBCs Christopher Wong notes the US Dollar (USD) strengthened after hotter United States (US) Consumer Price Index (CPI) data lifted UST yields and revived Fed hike expectations, with focus now on US Producer Price Index (PPI). He highlights that higher front-end and long-end yields have restored USD support, though the CPI mix does not yet signal a broad inflation breakout. Wong sees USD dips staying supported if markets keep pricing a more hawkish Fed reaction function.　　Rates and inflation keep DXY supported　　“Near term, USD may remain supported on dips if markets continue to price a more hawkish Fed reaction function, especially with oil prices still elevated and inflation risks skewed to the upside.”　　“That said, the CPI mix does not yet point to a broad-based inflation breakout, so USD upside may still require either further upside data surprises, firmer oil, or a deeper deterioration in risk sentiment.”　　“DXY rose; last seen at 98.30 levels. Mild bearish momentum on daily chart faded while RSI rose. 2-way risks likely.”　　“Resistance at 98.70 (38.2% fibo), 99 levels (50 DMA). Support at 98.10 (50% fibo retracement of 2026 low to high), 97.50/60 levels (double bottom, 61.8% fibo retracement of 2026

05-13

Injective (INJ) Price Explodes 13% After Bullish Breakout—Is a Rally to $6 Next?

Tech　　Injective (INJ) Price Explodes 13% After Bullish Breakout—Is a Rally to $6 Next？　　The post Injective (INJ) Price Explodes 13% After Bullish Breakout—Is a Rally to $6 Next？ appeared first on Coinpedia Fintech News　　The Injective price witnessed a massive breakout over the past 24 hours and surged nearly 13%, reclaiming the $5 range. The rally comes amid rising market participation, increasing open interest, and growing bullish momentum across the derivatives market. After weeks of gradual recovery, the crypto is approaching a decisive resistance zone that could determine the next phase of the trend.　　The daily chart suggests the token may have confirmed a rounded-bottom recovery pattern after rebounding from the April lows. The latest breakout candle has pushed the price above a crucial resistance level around $5.15. Besides, the volume and open interest have also surged sharply during the move.　　The rounded-bottom formation reflects a gradual shift from accumulation to expansion, which is often considered an early bullish reversal signal. At the same time, the sharp rise in open interest suggests fresh leveraged positions are entering the market. Another important signal is the negative funding rate despite the strong price surge. This indicates many traders are still positioned short, increasing the possibility of

05-13

tZERO taps Aptos for institutional tokenized asset issuance

tZERO Group has partnered with Aptos Foundation to let issuers launch tokenized assets on the Aptos blockchain through tZEROs tokenization platform.tZERO has added Aptos blockchain support for issuers launching tokenized assets through its platform.Aptos said its network has crossed $1.2 billion in real world assets and is already used by firms including Franklin Templeton and BlackRock.　　According to tZERO Group‘s announcement shared with crypto.news, the integration adds Aptos as one of the supported blockchain networks for issuers using tZERO’s infrastructure, allowing firms to deploy eligible tokenized assets on Aptos while following their own compliance and operational requirements.　　The company said Aptos has already crossed $1.2 billion in real-world assets on-chain and described the network as one of the fastest-growing blockchains for tokenized finance. Aptos Foundation also pointed to existing institutional involvement on the network, including projects tied to Franklin Templeton and BlackRock.　　Under the collaboration, tZERO said it will connect its tokenization systems with Aptos protocol standards covering wallets, authentication, identity tools, and token functionality. Aptos will also become one of the execution layers used for tokenized assets processed through tZEROs infrastructure.　　“We are pleased to collaborate with the Aptos Foundation as we expand support for tokenized asset infrastructure on the Aptos network,” Alan

05-13

Bitcoin Price Today: BTC at $80,960 After a Week of Rejections – Hot CPI Just Made $82,000 Harder

Bitcoin　　Bitcoin Price Today: BTC at $80,960 After a Week of Rejections – Hot CPI Just Made $82,000 Harder　　Bitcoin is trading near $80,960 on May 13, 2026, and the weekly chart tells a frustrating story for bulls. BTC opened the week at $81,400, touched $82,000 twice, got rejected both times, and is now heading into the weekly close slightly below the opening level. Down 0.76% on the week. Not a collapse. Just a week of going nowhere against a wall.　　Then CPI landed. April inflation came in at 3.8% year over year, against expectations of 3.7%, and the highest reading since 2023. That single number pushed rate cut expectations from 2026 out to 2027, lifted bond yields, and removed the easy-money tailwind that had been quietly supporting BTCs recovery.　　The $82,000 ceiling just got a layer of macro cement poured on top of it.　　What the Weekly Chart Shows　　The pattern from this week is worth noting because it has now repeated four times. Price approaches $82,000, sellers show up, BTC fades back below $81,000. No clean 4H close above the level. No real follow-through from buyers at the highs.　　The weekly open was $81,400. The first push to $82,000 came early in the week and

05-13

DeFi Superapp Legend Shuts Down After Failing to Scale

Tech　　DeFi Superapp Legend Shuts Down After Failing to Scale　　The company said it failed to achieve the scale needed for long-term sustainability despite raising $15 million in funding from investors in 2025. The closure comes as more than 20 DeFi, NFT, and GameFi projects have shut down this year already due to declining user activity, financial pressure, hacks, and volatile market conditions.　　Crypto Superapp Legend Announces Shutdown　　Decentralized finance mobile superapp Legend that it will shut down after roughly two years of operation. The platform was designed to simplify for mainstream users, and said it would continue operating for another 60 days before officially going offline on July 12.　　Legend launched as a mobile-first, non-custodial DeFi aggregator. The goal of the application was to make decentralized finance easier to use by allowing users to access multiple DeFi services from a single interface instead of navigating several wallets, protocols, and decentralized applications individually.　　Despite attracting investor backing and building a product that appealed to a niche audience, Legend co-founder Jayson Hobby that the platform never reached the scale required to sustain the business long term. In a statement announcing the shutdown, Hobby explained that while the company strongly believed the right user interface could bring DeFis

05-13

XRP Hits All-Time High of 332,230 Wallets

Tech　　XRP Hits All-Time High of 332,230 WalletsSubstantial market growthFull network recovery　　With 332,230 wallets holding at least 10,000 XRP, XRP Ledger has achieved a significant on-chain milestone. The number indicates ongoing accumulation from mid-to-large holders, despite erratic market conditions, and continues a growth trend that has been steadily increasing since June 2024.　　Substantial market growth　　The information is significant because wallet growth of this magnitude typically indicates growing long-term conviction, as opposed to short-term speculative trading.　　Growing numbers of larger XRP wallets in the past indicate that investors are not emotionally responding to short-term price fluctuations, but rather positioning for future gains.　　Schwartz: Ripple Doesnt Control Consensus　　Bitcoin (BTC), XRP, Shiba Inu (SHIB), Toncoin (TON) and Zcash (ZEC) Price Analysis for May 13: Hiding Explosive Volatility Potential　　Source: Santiment　　The timing of the milestone adds to its intrigue. Larger holders continued to accumulate during times of uncertainty and general market weakness, even though XRP spent a large portion of 2024 trading below previous cycle highs.　　Many participants seem to have accumulated during fear-driven corrections rather than chasing euphoric breakouts. This is frequently regarded as a better long-term signal for network confidence.　　The trend did have one significant break. Between February 6 and February 8, the network lost over 4,500 wallets

05-13

21Shares launches Hyperliquid ETF on NASDAQ tomorrow

Tech　　21Shares launches Hyperliquid ETF on NASDAQ tomorrow　　21Shares is bringing Hyperliquid to Wall Street. The crypto asset manager will list its Hyperliquid ETF on the Nasdaq on May 12, giving traditional investors a regulated on-ramp to one of DeFis fastest-growing perpetual futures protocols.　　The fund will trade under the ticker THYP and carry a management fee of 30 basis points, or 0.30%. A Nasdaq notice went into effect on May 10, clearing the path for a rapid listing. It marks the first US-listed ETF to offer direct exposure to HYPE, Hyperliquids native token.　　What Hyperliquid actually is, and why it matters　　Hyperliquid is a decentralized perpetual exchange built on a dedicated layer-1 blockchain. Users trade perpetual futures directly on a blockchain-native order book. The protocol launched its mainnet in 2023 and has since grown into one of DeFis heavyweights.　　Hyperliquid currently holds over $3 billion in total value locked and processes roughly $4 billion in daily trading volume. HYPE, the token that powers this ecosystem, jumped 15% in the lead-up to the launch, reaching $2.45.　　The ETF structure and competitive positioning　　At 30 basis points, THYP sits at a competitive fee level for a crypto ETF. The fund is designed to incorporate built-in staking yields, meaning holders

05-13

Analyst issues new Intel (INTC) stock price target

Finance　　Analyst issues new Intel (INTC) stock price target　　Intels (NASDAQ: INTC) remarkable stock market performance that took the equity 459.95% higher from $22.56 one year ago to $126.33 at press time on May 13 appears to have done little to turn some prominent analysts bullish.　　Intel stock price one-year chart. Source: Finbold　　Specifically, on May 12, INTC shares received two significant price target upgrades, albeit with both being associated with ‘Hold’ – ‘Neutral’ – ratings.　　Arguably the more alarming of these was provided by Deutsche Banks Ross Seymore who left his previous 12-month forecast of $63 aside but still predicted Intel stock will contract 20.84% to $100.　　Still, the analyst noted that reports of the American semiconductor giants foundry business gaining traction with customers were a positive development, backing the decision to increase the price target by 58.73%.　　Simultaneously, Mizuho expert Vijay Rakesh confirmed he regards Intel stock as a ‘Hold,’ but instead of his previous forecast of $100 – one that would see INTC shares drop 20.84% – he estimated a 1.84% decline to $124 will take place in the next 12 months.　　Wall Street sets Intels stock price target for the next 12 months　　Notably, despite the blue-chip chipmakers remarkable rise that followed a business turnaround

05-13

Ethereum’s New Clear Signing Standard Aims to Stop Crypto Theft Before It Happens

Crypto Ethereum　　Ethereums New Clear Signing Standard Aims to Stop Crypto Theft Before It HappensThe Ethereum Foundation, alongside prominent wallet providers, has introduced “Clear Signing,” a security framework designed to transform crypto transactions into easily understandable, human-readable formats.The initiative eliminates cryptic code displays by providing clear descriptions of asset movements, recipient details, and permission requests.Built upon ERC-7730, the framework features a publicly accessible registry enabling independent security experts to validate transaction descriptions.Early implementation partners include Ledger, Trezor, and MetaMask, with Trezor targeting deployment by June 30.This development addresses security vulnerabilities that have resulted in billions of dollars lost through blind signing exploits, such as the $1.4 billion Bybit breach.　　Every time cryptocurrency holders authorize a transaction, they‘re frequently confronted with indecipherable strings of code. Despite not understanding what they’re approving, most users proceed anyway. This disconnect between comprehension and confirmation has drained billions from the cryptocurrency sector.　　0/ Clear signing is now live.　　An open standard to end blind signing, making human-readable transactions default.　　This effort brings a major UX and Security upgrade to transaction signing on Ethereum. pic.twitter.com/nIGRCBQh6G　　— Ethereum Foundation (@ethereumfndn) May 12, 2026　　The Ethereum Foundation has stepped forward with a solution.　　On May 12, 2026, the organization partnered with leading wallet development teams to

05-13

Schwab Crypto goes live as retail clients get BTC, ETH access

Charles Schwab has started rolling out Schwab Crypto to select retail clients, giving eligible users direct access to spot Bitcoin and Ether trading. Schwab Crypto lets eligible retail clients trade Bitcoin and Ethereum beside traditional investment products.Charles Schwab Premier Bank will custody assets, while Paxos handles execution and sub-custody services.The launch adds fee pressure as Morgan Stanley expands ETrade crypto trading at lower costs.　　In a Tuesday post on X, the firm said the service lets clients trade crypto beside other investment products across Schwab platforms.　　The rollout follows Schwabs April plan to launch the product in phases. The company said Schwab Crypto would offer direct Bitcoin and Ethereum trading, education, research and support. Jonathan Craig, head of retail investing, said clients want to conduct “more of their financial lives at Schwab.”　　Bitcoin and Ethereum trading starts with limits　　At launch, Schwab Crypto supports Bitcoin (BTC) and Ethereum (ETH). Schwab said the two assets account for about three-quarters of total crypto market capitalization. Clients can view and trade crypto beside traditional investments through Schwab.com, Schwab Mobile and thinkorswim.　　The product charges 75 basis points on the dollar value of each trade. Schwab also said the account is separate from a brokerage account, though it is

05-13

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