$1B exits Arbitrum, but ARBs price keeps climbing higher - Whats next?

Arbitrum [ARB] extended its bullish momentum over the past 24 hours, climbing 13% even as on-chain liquidity across the network continued to deteriorate.  While the broader crypto market has recently shifted toward a stronger risk-on environment, ARBs rally appears increasingly disconnected from underlying liquidity conditions.  Instead of being supported by fresh capital inflows into the ecosystem, the move is largely being driven by spot market demand and short-term accumulation activity.  That divergence now places the asset in a vulnerable position as it approaches a critical supply-heavy resistance zone that could determine whether the rally sustains or reverses.  On-chain liquidity weakens despite price growth  Arbitrums recent price expansion has not been matched by growth in key on-chain liquidity metrics. Both Total Value Locked (TVL) and stablecoin supply across the network have continued to decline, reflecting weakening capital participation within the ecosystem.  TVL, which tracks the total amount of assets locked across decentralized finance protocols on the network, often serves as a measure of investor confidence and ecosystem activity. Sustained declines typically indicate capital rotation away from the chain.  Since tje 18th of April, approximately $449 million has exited Arbitrum‘s TVL. The scale of the outflow suggests that broader market conviction around the ecosystem remains fragile despite ARB’s recent

05-10

Ondo Price Prediction: JPMorgan and Mastercard Just Settled a Treasury on the XRP Ledger in Under 5 Seconds

Tech  Ondo Price Prediction: JPMorgan and Mastercard Just Settled a Treasury on the XRP Ledger in Under 5 SecondsOndo, JPMorgan, Mastercard, and Ripple settled a tokenized Treasury on the XRP Ledger in under five seconds, outside banking hoursONDO spiked to $0.488 before pulling back, blowing through all four EMAs in a single daily candle for the first time since October 2025Daily active addresses hit 3,200 on May 8, the highest in 30 days, as real network activity confirmed the move  Ondo trades at $0.417 on May 9, down from a $0.488 intraday high, after JPMorgan, Mastercard, and Ripple settled a tokenized US Treasury on the XRP Ledger in under five seconds and broke every bearish EMA structure on the daily chart in one candle.  Ondo Daily Chart: Six Months of Downtrend Erased in One Session  ONDO spent six months grinding from $1.05 in October 2025 down to a base near $0.20 in February, with every EMA stacked bearishly above price. Yesterdays spike changed that entirely. Price cut through the 20 EMA at $0.313, the 50 EMA at $0.287, the 100 EMA at $0.305, and the 200 EMA at $0.403 in a single session, closing above all four for the first time since the downtrend

05-10

XRP Faces $1.42 Resistance as Breakout Pressure Builds

Tech  XRP Faces $1.42 Resistance as Breakout Pressure Builds  XRP Coiled Under Pressure as $1.42 Resistance Holds — Breakout or Breakdown  According to market analyst Don Digital Finance, XRP inside a tightening triangle, with resistance becoming increasingly active at every upside test. Repeated attempts to break above the upper trendline near $1.42 have been firmly rejected, while higher lows continue to support price along the lower boundary.  This ongoing structure reflects sustained compression rather than directional conviction, with neither bulls nor bears fully taking control.  Each push toward resistance is met with selling pressure that absorbs momentum instead of allowing a clean breakout, while buyers consistently defend dips to preserve the range.  The result is a narrowing consolidation zone that signals mounting pressure beneath the surface, where the next decisive move is being coiled, but not yet confirmed.  Key levels are now clearly in focus. A clean break above $1.44–$1.45 would confirm strength and open the door for further upside momentum.  On the flip side, a drop below the rising support at $1.38–$1.36 would invalidate the current structure and expose a deeper pullback. Currently, price sits at a critical decision point near the triangles apex, where direction is about to be defined.  What‘s next? Well, Don Digital Finance notes

05-10

UAE exits OPEC after 59 years, escalating tensions with Saudi Arabia over oil production

Tech  UAE exits OPEC after 59 years, escalating tensions with Saudi Arabia over oil production  The United Arab Emirates is leaving OPEC. After nearly six decades of membership, the Gulf state announced its departure from the oil cartel, effective May 1, 2026. The UAE was OPECs third-largest producer, sitting on spare capacity estimated at 3 to 3.5 million barrels per day.  A feud decades in the making  The tension between the UAE and Saudi Arabia over oil policy isn‘t new. It has roots stretching back to the 1950s Buraimi dispute, a territorial conflict over a desert oasis suspected of containing vast oil reserves. The late journalist David Holden documented how Saudi Arabia attempted to bribe a prince of the UAE’s al-Nahyan family to cede control of the territory. When that failed, an invasion followed.  The breaking point appears tied to broader geopolitical disagreements. The two Gulf states have adopted contrasting stances on Iran and the conflict in Yemen. The UAE has also been quietly preparing its infrastructure for independence from Saudi-influenced chokepoints. It has built a 249-mile bypass pipeline to the Gulf of Oman, specifically designed to reduce reliance on the Strait of Hormuz, the narrow waterway through which roughly a fifth of the worlds

05-10

Trump administration appeals court ruling that declared tariffs unconstitutional

Tech  Trump administration appeals court ruling that declared tariffs unconstitutional  The Trump administration is taking its tariff fight to the highest court in the land after a federal appeals court ruled that its sweeping import duties lack constitutional authority. The stakes are enormous: roughly $107 billion in customs revenue collected between February and July 2025 could be on the line.  The US Court of Appeals for the Federal Circuit ruled 7-4 on August 29 that tariffs imposed under the International Emergency Economic Powers Act, known as IEEPA, are unconstitutional. The court said the president doesnt have the legal right to impose tariffs on imports using an emergency powers law that Congress never intended for trade policy.  The legal math is not in the administrations favor  Out of 15 judges across three separate federal courts who have weighed in on the question, 11 have ruled against the administrations authority to impose tariffs under IEEPA.  The Federal Circuits decision is temporarily stayed until October 14, 2025. The Justice Department filed for expedited Supreme Court review on September 4, just days after the ruling dropped.  The tariff programs affected by the ruling include the administrations “Reciprocal Tariffs” and “Trafficking and Immigration Tariffs” that have been directed at Canada, Mexico, and

05-10

Banks try to kill the CLARITY Act

The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup on May 14.Five major banking groups jointly rejected the Tillis-Alsobrooks stablecoin yield compromise, calling it insufficient days before the May 14 markup.Senators Lummis and Tillis publicly defended the deal, warning that banking opposition may be aimed at killing the CLARITY Act altogether.Prediction markets currently price the bills odds of becoming law in 2026 at over 60%, with the White House targeting a July 4 presidential signature.  The American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association, the Financial Services Forum, and the Independent Community Bankers of America issued a joint statement this week rejecting the compromise stablecoin yield language drafted by Senators Thom Tillis and Angela Alsobrooks. The coalition said the proposed language falls short of its policy goals and leaves dangerous loopholes that could trigger deposit flight from traditional banks.  The banking groups argue that Section 404 of the CLARITY Act still permits crypto platforms to offer rewards tied to account balances and how long users hold assets, which they say amounts to offering deposit interest under a different name. “Research demonstrates that yield-earning stablecoins could

05-10

Layerzero Discloses RPC Poisoning Incident Linked to $292M KelpDAO Hack

Tech  Layerzero Discloses RPC Poisoning Incident Linked to $292M KelpDAO Hack  Layerzero Labs issued a candid apology for a three-week communication silence following a security breach involving the Lazarus Group. According to an official update, the attackers poisoned the source of truth for internal Remote Procedure Calls (RPCs) used by the Layerzero Labs Decentralized Verifier Network (DVN).  This sophisticated hit coincided with a Distributed Denial of Service (DDoS) attack against the firms external RPC provider. The fallout, according to the report, was contained to a small fraction of the ecosystem. Layerzero noted that the incident impacted a single application, representing 0.14% of total apps and 0.36% of the total value locked on the protocol.  Since April 19, the team detailed that it has been working with external security partners to finalize a comprehensive post-mortem report. The team further admitted to a significant oversight in allowing their DVN to act as a solo verifier for high-value transactions. Layerzero also acknowledged that they failed to police what their DVN was securing, which created a “single point of failure” risk.  To rectify this, the lab is now educating developers on safe configurations and will no longer service 1/1 DVN setups. The disclosure also addressed a bizarre security lapse

05-10

Crypto markets predict Ethereum price for May 31, 2026 

Prediction market traders are increasingly positioning for Ethereum (ETH) to remain above the $2,200 level by the end of May 2026.  The market titled “What price will Ethereum hit in May?” on shows that the highest probability outcome currently points to Ethereum reaching or remaining above $2,200 by May 31.  That price target holds an implied probability of 68%, making it the dominant expectation among traders.  Meanwhile, the second most likely outcome is Ethereum climbing to at least $2,600, which carries a 33% probability despite a recent decline in trader confidence.  Expectations for Ethereum surpassing the psychologically important $3,000 level remain more limited, with the market assigning just a 3% probability to that scenario.  Bullish expectations beyond $3,200 fade significantly. In this line, probabilities of the cryptocurrency hitting $3,400, $3,600, or $3,800 before the end of May each stand at roughly 1%, indicating traders currently see a major breakout as unlikely in the remaining weeks of the month.  On the downside, the market still reflects some concern over potential weakness. Ethereum falling to $2,000 carries a 22% probability, while a drop to $1,800 carries a 6% probability.  More severe declines toward $1,600, $1,400, or $1,200 are viewed as low-probability outcomes, each holding near 1% to 3%.  Trading activity

05-10

Emerging-market users are treating crypto exchanges like banking apps, Binance says

Emerging markets accounted for 77% of Binance users in 2026, up from 49% in 2020, as users in those countries increasingly used the exchange for savings, payments and investment access, the exchange said.  Binance Researchs latest report frames crypto adoption as a financial-access story rather than a trading story. Binance said 83% of users engaging with two or more products on the platform are based in emerging markets, while users in those markets show savings rates more than twice as high as users in developed markets.  About 36% of emerging-market Binance users with balances of at least $10 hold at least half of their portfolio in stablecoins, according to the report, which points to the pattern as “consistent with savings-oriented usage.” Globally, 28% of users meet that threshold, up from 4% in 2020.  The data points to growing use of crypto platforms as substitute financial infrastructure in markets where banking access remains limited.  The World Bank says 1.3 billion adults still lack access to financial services, while 900 million unbanked adults own a mobile phone and 530 million own a smartphone.  Binance said 4.7 billion adults lack access to credit or loans, 3.6 billion adults in low- and middle-income countries do not use digital payments

05-10

Trump Media takes $406 million hit from Bitcoin and equity losses

Trump Media & Technology Group (TMTG), which runs Truth Social and other Trump-branded media and technology platforms, posted a net loss of approximately $406 million for the first three months of 2026, according to a new SEC disclosure.  The steep drop was driven largely by non-cash unrealized losses, including nearly $244 million in digital assets, chiefly Bitcoin, along with about $108 million in equity securities and investments.  Trump Media reported no change in its Bitcoin position, ending the quarter with 9,542 coins worth approximately $767 million at current market prices. This places it as the 13th largest corporate holder of the crypto asset.  The company also holds 756 million Cronos tokens, acquired through a purchase agreement with Crypto.com last year. Those tokens are now valued at around $53 million.  Beyond direct crypto holdings, the company carried $554 million in equity securities, down from $722 million at the end of 2025. Those positions generated another $162 million in unrealized losses, partially offset by $37 million in gains from options trading and $17 million in realized derivative profits.  The company generated around $18 million in positive operating cash flow during the quarter, its fourth consecutive quarter of doing so. Revenue rose 6% year-over-year to $871,000, coming mainly

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