Global gold ETFs see $6.6B in April inflows, reversing March outflows

Gold ETFs just pulled off one of the more dramatic U-turns in recent memory. After hemorrhaging $12B in net outflows during March, global gold-backed exchange-traded funds attracted $6.6B in fresh capital in April.  What drove the reversal  A weakening US dollar made gold cheaper for international buyers. Falling oil prices added another layer of support. Central banks continued their multi-year gold shopping spree, with sovereign buyers accumulating physical gold reserves.  Golds bigger picture is still remarkable  Gold has gained approximately 210% since October 2023. The metal recently experienced a correction of 16.5% from its highs, which likely contributed to Marchs outflow spike.  The tokenized gold angle adds a new wrinkle  While traditional gold ETFs were staging their comeback, Binances gold futures contracts, launched in January, surpassed $100B in cumulative trading volume, with daily peaks hitting $6.6B.  Equity ETFs captured $7.1B during the same period, meaning gold ETFs were running nearly neck-and-neck with stocks in terms of attracting new capital. Digital asset funds faced $317M in daily net outflows.  Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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8 Months To Go: Here’s How Bitcoin Could Trend In 2026 – Analyst

Bitcoin is presently trading above $80,000, as market bulls sustain the rebound from early April. However, the flagship cryptocurrency remains firmly in bear-market territory, down roughly 37.5% from its all-time high. Amid the ongoing rally, crypto analyst Aralez has outlined a potential price trajectory for the remainder of 2026, highlighting the key macroeconomic and market catalysts likely to shape Bitcoins next major move.  Bitcoin To Fall Again, Cycle Bottom Likely In Q3   In an X post on May 8, Aralez shares an interesting Bitcoin price prediction for the last eight months of 2026. While prices have gained by 13% in the last month, the market pundit predicts that Bitcoin should eventually move towards the $60,000 before the present quarter expires. The projected price retrace is expected to coincide with a decline in the S $6.8k– Panic takes over market  Q3:  – BTC forms cycle bottom + accumulation begins– New Fed chair + early rate cut signals– Distrust in crypto reaches peak levels– S $5.9k…  — Aralez (@0xAralez) May 8, 2026  Moving into Q3, Aralez foresees a much-anticipated cycle bottom, where sell-off should have slowed down as long-term investors begin to boost their holdings. Nevertheless, there would still be general distrust of Bitcoin, with sentiment mostly

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Seven major Bitcoin mining pools join Stratum V2 working group

Seven of the biggest names in Bitcoin mining just agreed to sit at the same table. AntPool, Block Inc., F2Pool, Foundry, MARA Foundation, SpiderPool, and DMND have all joined the Stratum V2 working group, a collaborative effort to overhaul the communication protocol that mining pools use to coordinate with individual miners.  What Stratum V2 actually changes  Since 2012, Bitcoin mining pools have communicated with their miners using a protocol called Stratum V1. The problem is that V1 was designed in a different era, and it shows.  Stratum V1 sends data in plaintext, meaning its vulnerable to eavesdropping and manipulation. More importantly, V1 gives mining pool operators exclusive control over block template construction. In English: the pool decides which transactions go into a block, not the individual miners contributing hashpower.  Stratum V2 flips several of those dynamics. The upgraded protocol introduces end-to-end encryption, more efficient fleet management for large-scale operations, and, critically, the option for individual miners to build their own block templates.  The working group itself was founded in 2022 by Braiins and Spiral, Block Inc.s Bitcoin development arm, with the goal of creating a vendor-neutral open standard. The addition of seven major pools transforms it from a niche initiative into something resembling an industry

05-10

Top Five Crypto News That You Shouldn’t Miss

CLARITY Act heads toward crucial Senate vote as U.S. crypto regulation discussions gain fresh momentum.Strategy signals possible Bitcoin sales despite holding nearly 3.9% of the total BTC supply globally.Revolut users panicked after an app glitch briefly showed Bitcoin crashing from $80K to $0.02.  The crypto market stayed relatively calm today, with most major cryptocurrencies trading sideways after recent volatility. The total crypto market cap climbed to nearly $2.69 trillion, while Bitcoin, Ethereum, XRP, and Solana all posted small gains between 1% and 2%.  Here are the five biggest crypto stories that shaped the market today.  CLARITY Act Moves Toward Major Senate Vote  One of the biggest stories today came from the Digital Asset Market CLARITY Act, which officially moved closer to a crucial Senate Banking Committee vote scheduled for May 14.  The crypto industry has been waiting months for movement around crypto market structure legislation, making this one of the most closely watched developments in recent weeks. Senator Cynthia Lummis quickly reacted after the announcement, publicly urging lawmakers to pass the bill through committee.  Although the committee vote does not make the bill law immediately, it represents the biggest Senate checkpoint the CLARITY Act has reached so far. If approved, the legislation would still require a

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Tom Lee forecasts Ethereum at $12,000 while Bitmine sits on billions in paper losse

Tom Lee has projected that Ethereum could climb to $12,000 by the end of 2026, delivering one of the most bullish forecasts unveiled during the Consensus 2026 conference in Miami.  Speaking during a keynote session, the Bitmine Immersion Technologies chairman outlined an optimistic outlook for the broader digital asset market, while mentioning the firm‘s ambitious strategy to accumulate 5% of Ethereum’s total circulating supply.  The company currently holds more than 5.18 million ETH, despite the position reportedly being associated with billions of dollars in unrealized losses.  The Ethereum prediction  Lee set year-end targets for both major cryptocurrencies at the conference. He projected Bitcoin (BTC) could trade between $150,000 and $200,000, while Ethereum could reach new all-time highs in the $9,000 to $12,000 range.  Lee based the outlook on his view that the prolonged downturn in crypto markets has ended. “Crypto Spring, in our view, has commenced, and like past cycles, investor sentiment and conviction are muted and bearish even as crypto prices strengthen,” he said at the Miami event.  He pointed to the capitulation among retail traders earlier this year as a contrarian signal. In March 2026, Lee argued that widespread “rage quitting” by retail traders was a classic indicator of a market bottom. “You know

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Analyst Predicts Biggest Bitcoin Bull Trap Of The Cycle, Calls Out 50% Crash To $42,000

Bitcoins price recovery is not a new beginning: it is a familiar ending. That is the warning from a crypto analyst, who is of the notion that the current Bitcoin price action is playing out a bull trap the market has seen before and that the setup is pointing to a destination that sees the cryptocurrency crashing by almost 50% from current price levels.  Bitcoin Mirrors Key Stepping Stones From 2022 Bear Cycle  Chiefy‘s analysis centers on a structural comparison between Bitcoin’s current price sequence and the step-by-step decline that defined the 2022 bear market. The framework identifies a pattern of bear cycle stepping stones, which is a series of lower highs and lower lows dressed up as recoveries on the weekly candlestick timeframe chart.  This analysis is in reference to Bitcoins price action since it broke above $82,000 earlier in the week. Bitcoin is pressing into the 1-day 200 moving average, a zone that has already acted as resistance during a previous failed recovery attempt in January 2026.  The analyst also pointed to the 1-week 200 moving average at the lower support region and the 1-month 350 moving average below it, suggesting that a breakdown could force BTC through multiple long-term trend levels

05-10

US strikes Iranian tankers, oil spill disrupts Strait of Hormuz shipping

## Market Snapshot  The market for “Will 20 ships transit the Strait of Hormuz on any day by May 31?” is currently priced at 64.5% YES, a decrease from 69% 24 hours ago. The “Strait of Hormuz traffic returns to normal by May 15?” market is at 1.2% YES, down from 4% a day ago.  ## Key Takeaways  – The reported strike on Iranian tankers appears to have reduced confidence in the likelihood of normalizing Strait of Hormuz traffic by May 15. – Market activity suggests that participants view the recent developments as decreasing the probability of 20 ships transiting the Strait by the end of May. – The oil spill and heightened military tensions are consistent with a scenario where shipping disruptions continue.  ## Article Body  The U.S. has reportedly struck several tankers near Jask, Iran, resulting in significant oil spills. This incident follows a collapse of the ceasefire in the ongoing Strait of Hormuz crisis, which began with U.S. and Israeli actions against Iran. Iran had retaliated with missile and drone attacks, intensifying regional tensions. The blockade of Iranian ports by the U.S. has already trapped numerous tankers, and the current situation exacerbates the environmental and economic risks. The international community closely monitors

05-10

Bank of Canada to bring stablecoin rules in 2027 with US Clarity Act on the brink of stalling

Bank of Canada stablecoin regulations could arrive in mid or late 2027, pushing the detailed rulebook later into the same year that Canadas government has already marked for its framework to take effect.  That timing lands just as Visa Canada and Wealthsimple are piloting USDC settlement for certain card-network obligations in Canada. The result is a live institutional use case in one part of the payment stack while the framework for non-bank stablecoin issuers remains unfinished.  A Reuters report said an early-2027 launch plan was ambitious and that regulations could instead be introduced by mid or late 2027. Canadas own stablecoin framework already set a broader 2027 window, saying regulatory development was expected to continue for 12 to 18 months from early 2026 and that the framework would come into force in 2027.  The gap creates a planning problem for issuers and fintech partners. Firms considering Canadian exposure still need to prepare for registration, reserves, redemption mechanics, governance controls, risk management, and product economics around yield restrictions.  At the same time, payment networks and large fintech platforms can test stablecoin settlement for defined obligations before every issuer rule is final.  Visa is quietly building stablecoins into mainstream payment plumbing without you knowing  Visas stablecoin settlement pilot

05-10

Republican odds to win presidency, Congress surge to highest this year

## Market Snapshot  The market for the “2026 Balance of Power: D Senate, D House” currently prices at 41.5% YES, down from 48% a day ago. The “Republican Senate Seats After 2026 Midterms” shows 25.5% YES, slightly decreased from 26% 24 hours earlier.  ## Key Takeaways  – Market data suggests a significant increase in Republican chances across major races. – Pricing indicates reduced likelihood for a Democratic-controlled Senate and House. – The focus remains on the 2026 midterms, with implications for Republican Senate retention.  ## Article Body  Recent developments show a rise in Republican odds to maintain control of the Presidency, House, and Senate in the 2026 elections, reaching their highest levels this year. Currently, Republicans hold a 53-47 Senate majority. With 35 Senate seats up for grabs in the November 2026 elections, including specials in Florida and Ohio, Democrats need to gain four seats to secure control. The House remains narrowly Republican-controlled, making it susceptible to historical midterm trends that often favor the opposition party. These changes occur amidst US-China tensions and global conflicts in Ukraine and the Middle East.  ## Market Interpretation  The market reaction appears consistent with a scenario where Republicans are increasingly favored to retain control, particularly in the Senate. The downward trend

05-10

Kraken Parent Payward Targets OCC Charter to Unlock Institutional Digital Asset Custody

Krakens Parent Files OCC Trust Charter Application to Serve U.S. Institutional Clients  If approved by the OCC, the new entity would operate as Payward National Trust Company, providing fiduciary custody and related services primarily for digital assets. The company expects to serve both institutional clients and individual customers who require bank-level custody under federal oversight.  Payward Co-CEO Arjun Sethi said the move reflects a long-standing position that regulated infrastructure is the correct path for digital assets to scale. “A national trust company provides the certainty institutions require and establishes the infrastructure to build the next generation of custody,” Sethi said.  The OCC application builds directly on the regulatory groundwork Payward laid through Kraken Financial, its Wyoming Special Purpose Depository Institution. Kraken Financial is widely noted as the first digital asset bank to hold a Federal Reserve master account, a distinction that gives Payward a rare foothold across both state and federal banking frameworks.  A Wyoming SPDI and a federally chartered national trust company are designed to serve different client needs and regulatory contexts. Together, Payward positions them as complementary pieces of the same regulated banking strategy.  “Our Wyoming SPDI and Federal Reserve master account represent a genuinely unique foundation, and the addition of a national

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