SUI Breakout Gains Momentum—Can the Price Surge Another 20% in May?

The post SUI Breakout Gains Momentum—Can the Price Surge Another 20% in May? appeared first on Coinpedia Fintech News  The SUI price is showing renewed bullish momentum after breaking out of a prolonged consolidation range that capped the crypto for nearly three months. As the broader crypto market recovers alongside Bitcoins rise above key levels, SUI has started outperforming several altcoins with a strong breakout above the psychological $1 mark.  The recent rally has pushed the SUI price above $1.10 while traders now speculate whether the bullish momentum could trigger another 20% upside move in the coming weeks.  SUI Price Breaks Above Multi-Month Consolidation Range  The daily chart suggests SUI has finally escaped a prolonged accumulation phase after trading within a broad range between roughly $0.85 and $1.03 since February. The latest breakout above the upper boundary of the consolidation zone signals that bulls may now be attempting to initiate a fresh upward trend.  The price has also reclaimed the key resistance zone near $1.05, which previously acted as a major support level before the broader correction phase. SUI is now attempting to flip the next crucial resistance near $1.15, which could determine the next phase of the rally. Meanwhile, the Chaikin Money Flow (CMF)

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Shiba Inu (SHIB), XRP, Toncoin (TON), Bitcoin (BTC) and Ethereum (ETH) Price Analysis for May 9th: Breakouts Fail, Key Support Levels Crack and Bullrun Momentum Collapses

Bitcoin Ethereum  Shiba Inu (SHIB), XRP, Toncoin (TON), Bitcoin (BTC) and Ethereum (ETH) Price Analysis for May 9th: Breakouts Fail, Key Support Levels Crack and Bullrun Momentum Collapses  Despite short-term stabilization above the March lows, Shiba Inu is still trading within a larger bearish market structure. The 200-day moving average is still sharply declining, and the daily chart displays SHIB trapped beneath all major moving averages. That in and of itself indicates that the macro trend is still weak, despite the recent phase of consolidation.  Almost immediately after the price touched the declining 50-day moving average, the attempt to break out from the small ascending triangle failed. Higher resistance zones could not be reclaimed by buyers due to a lack of momentum, and volume remained largely quiet during the move.  SHIB/USDT Chart by TradingView  When momentum indicators stay neutral rather than overbought, failed breakouts inside downtrends typically function as continuation signals rather than reversal signals. When the RSI is close to the mid-50 range, it indicates weakness rather than strength.  Shiba Inu (SHIB), XRP, Toncoin (TON), Bitcoin (BTC) and Ethereum (ETH) Price Analysis for May 9th: Breakouts Fail, Key Support Levels Crack and Bullrun Momentum Collapses  XRP Price Eyes Breakout, TON Jumps 69%, Bollinger Finally Bullish on

05-10

Why Analysts Believe Ethereum Can Reach $15,000 This Cycle

Ethereum  Why Analysts Believe Ethereum Can Reach $15,000 This Cycle  Ethereum is trading just above $2,330, a price that, on the monthly chart, is sitting just above within a long accumulation zone.  However, recent market dynamics show that Ethereum is destined for far higher prices than $2,300 this cycle, and this is not only about traders waiting for another rotation into ETH. The outlook is that the Ethereum price will cross above $10,000 this cycle based on factors that are turning Ethereum into a base layer for regulated on-chain markets.  Wall Street To Push Ethereum Price To $15,000  According to a crypto analyst that goes by the name Crypto Patel on X, Ethereum is going to trade somewhere between $10,000 and $15,000 this cycle, and there are about 10 reasons why this is going to happen.  His price prediction is based on the idea that Ethereum is no longer being controlled only by retail speculation or short-term market sentiment. Instead, the network is becoming one of the main settlement layers for tokenized finance, institutional custody, exchange-traded products, and corporate ETH accumulation.  The analyst pointed to BlackRock‘s filing for two tokenized money-market funds on Ethereum, JPMorgan’s MONY fund going live on Ethereum, and BlackRocks BUIDL fund reportedly reaching

05-10

BST Group to build new Nvidia office tower in Yokneam for NIS 170M

Nvidia is putting down even deeper roots in Israel. BST Group has been tapped to construct a new office tower for the chipmaker in the northern Israeli city of Yokneam, a project valued at NIS 170 million (roughly $47 million at current exchange rates).  Partial delivery of the tower is expected in 2027, with full occupancy slated for 2028.  Nvidias expanding Israeli footprint  Nvidia previously signed a 10-year lease agreement worth NIS 230 million with Melisron for 29,000 square meters in the same area. All told, Nvidias footprint in Israel now includes over 68,000 square meters in Yokneam.  The company is planning a massive 160,000 square-meter campus in nearby Kiryat Tivon, a facility designed to eventually house 10,000 employees.  The Mellanox connection  In 2019, Nvidia acquired Mellanox Technologies for $6.9 billion. Mellanox, headquartered in Yokneam, specialized in high-performance networking technology, the kind of infrastructure that connects GPUs in data centers and makes large-scale AI training possible. The acquisition gave Nvidia both critical technology and a significant Israeli workforce.  What this means for investors  Between the existing 68,000 square meters in Yokneam and the planned 160,000-square-meter Kiryat Tivon campus, Nvidia is building capacity for a workforce that could number well into the tens of thousands in Israel alone. BST

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Banking Lobby Tries to Kill CLARITY Act Four Days Before Senate Vote

The post Banking Lobby Tries to Kill CLARITY Act Four Days Before Senate Vote appeared first on Coinpedia Fintech News  Four days before the Senate Banking Committee votes on the CLARITY Act, major banking trade groups have submitted a joint letter demanding changes to a stablecoin yield compromise they had already accepted.  The American Bankers Association, Bank Policy Institute, and three other major banking lobbies sent the letter to Senate Banking Committee leadership after the markup vote was officially scheduled for May 14. The timing is deliberate. The Memorial Day recess begins May 21. If the bill does not clear committee before then, it gets pushed off the Senate calendar entirely and a full year of negotiations resets to zero.  What the Compromise Actually Said  The bipartisan compromise reached on May 1 by Senators Thom Tillis and Angela Alsobrooks was straightforward. Crypto companies cannot pay passive yield on stablecoins the way a bank pays interest on deposits. However, rewards tied to actual usage, transactions, and platform activity remain permitted.  Banks agreed to this framework. Then the Senate Banking Committee scheduled the May 14 markup. Within days, the same banking groups submitted a letter demanding the entire rewards framework be scrapped.  What Banks Are Really Worried About  The

05-10

XRP Payment Activity Collapses 80% Before Weekend: Why Traders Should Pay Attention

Bitcoin Ethereum NewsAn important network signalPayment activity declines  The market is receiving conflicting signals from XRP once more. On-chain activity reveals a far more nuanced picture than price action, which has been comparatively steady over the last few days. As the weekend approached, the number of XRP payments on the ledger drastically decreased, with transaction activity dropping by almost 80% from previous highs.  An important network signal  In contrast to more retail-driven ecosystems like Ethereum or Solana, XRPs network activity has historically behaved differently. Rather than continuous retail speculation, institutional flows, payment corridors, liquidity providers, and structured transactional activity account for a significant amount of XRP ledger usage. As a result, on weekends, or during times of low participation, activity frequently slows considerably.  XRP/USDT Chart by TradingView  An 80% contraction, however, still merits consideration. After spending weeks close to high levels, the most recent payment activity chart reveals a sharp decline in XRP transactions. Prior to abruptly plummeting toward the lower end of the spectrum, the payment count frequently hovered around the 1.5 million range earlier in the month. Such a decrease typically indicates lower settlement demand and lower short-term network utilization.  Avalanche Founder Warns of Bitcoin (BTC) Crisis  Shiba Inu (SHIB), XRP, Toncoin (TON), Bitcoin (BTC)

05-10

ServiceNow (NOW) Stock Draws Institutional Support Amid $30B Revenue Vision

Cantor Fitzgerald confirmed its Overweight recommendation and $122 price objective on NOW after participating in ServiceNow‘s financial analyst day and Knowledge customer conference held in Las Vegas this week. The investment firm indicated that discussions with executive leadership and ecosystem partners reinforced its conviction in ServiceNow’s emerging role as the central governance and orchestration platform for agentic enterprise operations.  ServiceNow leveraged these gatherings to demonstrate broadening adoption of agentic AI capabilities across its platform ecosystem. Enterprise clients and technology partners highlighted the companys emphasis on tangible business outcomes and AI frameworks grounded in knowledge and actionable workflows, distinguishing it from purely probabilistic AI models.  The enterprise software provider outlined ambitious long-range financial objectives, projecting subscription revenues exceeding $30 billion by 2030. Cantor Fitzgerald characterized these growth targets as realistic and attainable.  ServiceNow has deepened its strategic alliance with Amazon Web Services to encompass AI governance frameworks and agent deployment infrastructure. AWS Marketplace transactions involving ServiceNow solutions have already crossed the $1 billion threshold. The partnership recently unveiled a governance framework integrating ServiceNow AI Control Tower with Amazon Bedrock AgentCore.  ServiceNow additionally announced a strategic collaboration with Accenture focused on enterprise-scale agentic AI deployment, while maintaining active partnerships with NVIDIA and Microsoft centered on AI

05-10

Planet Labs (PL) Stock Surges 10% Following Major European Satellite Imagery Deal

The announcement provided investors with tangible evidence of revenue growth ahead. PL shares reached $39.10, substantially exceeding the 200-day moving average of $23.16, while the companys market capitalization approached $13.5 billion.  Options market activity revealed substantial call buying accompanied by increasing implied volatility figures. Such patterns typically indicate traders are positioning themselves for continued upward momentum.  Growing Institutional Interest  BHK Investment Advisors LLC established a fresh position during the fourth quarter, acquiring 70,000 shares with an estimated value of $1.38 million. This investment constitutes approximately 0.5% of BHK‘s total portfolio, making it the firm’s 28th largest holding.  Additional institutional players joined the buying activity. MCF Advisors, Baillie Gifford, Larson Financial Group, GAMMA Investing, and North Star Investment Management either established new positions or expanded existing ones during recent quarters. Institutional ownership now stands at 41.71% of outstanding shares.  This institutional accumulation warrants attention considering PLs elevated volatility profile — the stock maintains a beta coefficient of 1.91.  Stock Price Outpaces Analyst Expectations  While Wall Street analysts have been revising their price targets upward, the stock price has accelerated beyond most projections. The consensus recommendation sits at “Hold” with an average price target of $29.94 — approximately $9 below current trading levels.  Cantor Fitzgerald emerged as the most optimistic,

05-10

Planet Labs (PL) Stock Surges Over 10% Following Major Greek Satellite Deal

The contract announcement provided shareholders with a tangible revenue driver. PL shares were fetching $39.10, significantly exceeding the 200-day moving average of $23.16, while the company commanded a market capitalization near $13.5 billion.  Options trading revealed substantial call purchasing accompanied by a spike in implied volatility. Such patterns typically indicate traders are positioning for continued upward momentum.  Institutional Investors Expand Holdings  BHK Investment Advisors LLC established a fresh position during Q4, acquiring 70,000 shares worth roughly $1.38 million. This holding constitutes approximately 0.5% of BHK‘s total portfolio and represents the firm’s 28th largest investment.  Additional institutional players have been accumulating shares. MCF Advisors, Baillie Gifford, Larson Financial Group, GAMMA Investing, and North Star Investment Management either established new positions or expanded existing stakes in recent months. Institutional ownership currently stands at 41.71% of outstanding shares.  This institutional accumulation deserves attention considering PLs price swings — the equity exhibits a beta coefficient of 1.91.  Share Price Outpaces Analyst Expectations  Wall Street analysts have been elevating their price objectives for PL, yet the stock has surged beyond most forecasts. The consensus recommendation sits at “Hold” with a mean price target of $29.94 — approximately $9 beneath the current trading level.  Cantor Fitzgerald delivered the most optimistic outlook, escalating its target

05-10

SEC hint sparks prediction market ETF debate

SEC Commissioner Hester Peirce has drawn attention to prediction markets after discussing their growth during a May 8 speech. Peirce said commercial prediction markets have grown and show no sign of slowing.Crypto.news reported a softer SEC crypto tone under Atkins, Peirce, and Uyeda.Bitwise has filed for ETFs tied to political prediction markets under PredictionShares.  She said commercial prediction markets have “taken off” and show “no sign of slowing down.”  Her remarks did not announce a final SEC rule for prediction markets. Still, they added to debate over how event-based products, tokenized markets, and possible prediction market ETFs may fit within U.S. securities rules.  SEC signals softer crypto approach  Crypto.news recently reported that the SECs messaging has shifted under Chair Paul Atkins, with Peirce and Mark Uyeda calling for clearer rules and a more open stance toward innovation. Peirce said the U.S. should be a place where people want to build in crypto and other markets.  The SECs Crypto Task Force also says it aims to draw clearer lines for crypto assets, build tailored disclosure rules, and create realistic paths to registration. Peirce leads that task force, according to the SEC.  Prediction market ETFs add pressure  Crypto.news has also noted that Bitwise filed for exchange-traded funds tied to

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