US Spot Bitcoin ETFs Break $1.7B Inflow Streak as BTC Drops Below $80K

According to Farside, the top two funds in terms of outflows were the Fidelity Wise Origin Bitcoin Fund (FBTC) with $129 million and BlackRocks iShares Bitcoin Trust ETF (IBIT) with $98 million. In the midst of increased Bitcoin volatility, there was a dramatic shift in the flows into Bitcoin ETFs. On Wednesday, Bitcoin soared above $82,000, but the next day, it dropped below the crucial $80,000 mark.  Mixed Investor Sentiment  On Thursday, the first spot Bitcoin ETF established by a US bank, Morgan Stanley Bitcoin Trust ETF (MSBT), had modest inflows of $7.3 million. Farside reports that since the funds introduction on April 8, 2026, there has been zero days of outflows.  With a 557% increase in client assets retained since debut, MSBT has amassed 2,920 BTC, valued at around $232.6 million. In addition to its flagship product, the Grayscale Bitcoin Trust (GBTC), the low-cost spot Bitcoin ETF known as the Grayscale Bitcoin Mini Trust ETF (BTC) was the only other Bitcoin fund to get inflows that day.  The 21Shares Canton Network ETF (TCAN), the first US-listed ETF to provide direct exposure to Canton Coin, the native utility token of the Canton Network, debuted on the Nasdaq with the Bitcoin ETF today.  After momentarily regaining

05-09

U.S. SEC Mulls New Securities Rules for On-chain Financial Markets

The U.S. Securities and Exchange Commission (SEC) Chair, Paul Atkins, has revealed areas that the Commission is likely to consider for new rulemaking on on-chain markets. This comes as the crypto market awaits regulatory clarity through the CLARITY Act, with a markup of the crypto bill likely next week.  SEC Weighs New Rules For On-chain Markets  In on-chain markets. Firstly, he stated that he anticipates the Commission will consider a limited innovation pathway in the near future for on-chain trading systems.  Furthermore, the SEC chair opined that they should consider what a future-proofed framework might look like, one that addresses the “exchange” definition as it relates to these systems. Secondly, Atkins stated that they should further consider how the broker-dealer definitions and the associated regulatory framework apply to these activities.  He added that they could do this by addressing some of the issues raised in a recent staff statement on software interfaces. Atkins added that this policy may also involve notice-and-comment exemptive rulemaking.  As CoinGape reported, the staff statement had provided a pathway for DeFi platforms to operate without broker-dealer registration. Specifically, it relates to Covered User Interfaces, which market participants typically use to carry out transactions involving crypto asset securities.  On Clearing Agency And Crypto

05-09

Revolut turns Bitcoin into a UX horror show with a two‑cent “flash crash” that never happened

Revolut briefly showed Bitcoin trading near zero for some users while every major exchange and index still had BTC around $79,000.Revolut briefly showed Bitcoin trading at near-zero levels for some users, even as every major exchange and index provider had BTC around $79,000.The anomaly appears isolated to Revoluts pricing and display stack, raising hard questions about how neobanks source liquidity, route orders, and protect clients from internal misfires.At Revolut‘s scale — 70 million users, over $1 trillion in annual volume — this isn’t a meme; its a structural warning about app-layer infrastructure in a market that trades 24/7.  For a short window on Friday, some Revolut users opened the app and saw Bitcoin (BTC) trading for cents. Not hundreds of dollars. Not even four‑figure crash levels. Literally around $0.02 by their screenshots, while the broader market had BTC near $79,000.  What actually broke at Revolut  Revoluts own BTC page glitched hard enough that its one-day chart briefly marked price around £29,414 before snapping back toward £58,600 — a roughly 50% intraday hole on that internal feed, on a day when external markets were completely calm. CoinGecko, CoinMarketCap, and every major exchange ticked through the period without any such wick.  CoinDesk reported that it could

05-09

XRP B-Wave Bounce Is a Lie. Here Is What the Chart Is Actually Saying.

XRP has not broken anything yet. That is the problem.  Trading near $1.38, the token has spent weeks grinding between levels that do not resolve into a trend. Bitcoin delivered its B-wave rallies already. XRP is still deciding.  Trapped and Going Nowhere  According to MCOGlobalES on X, Ripple remains rangebound while Bitcoin has already printed stronger corrective bounces on higher timeframes. The structure, per that read, still looks corrective. Not bullish.  The heatmap from CoinAnk tells a similar story. Price pushed toward $1.54 on May 6 then rejected sharply. The brightest liquidity band on the chart sits right at the range lows. That is where leverage concentrates. That is also where the hurt lands first.  MCOGlobalES flags the local range between $1.22 and $1.55 as the key containment zone. As long as XRP stays inside it, the corrective label holds. The weekly candlesticks show overlapping bars since early 2026. No clean impulse. Just chop.  A Slight Drop Wipes Them Out  CW8900 on X put it plainly. A slight further decline would liquidate most high-leverage long positions sitting in the market right now. Not a crash. Not a meltdown. A nudge.  Source: CW8900  The XRP ETF analysis from earlier this week noted the token was holding near $1.40 support with

05-09

Is ONDO’s rally a relief move? Analyzing the critical $0.41 Fibonacci supply zone

Ondo [ONDO] has been on a bullish tear recently. The DTCC news spurred the altcoin to break highs not seen in almost three months.  Recently, Ondo Finance, working with JPMorgans Kinexys, Mastercard, and Ripple, was reported to have completed a near-real-time cross-border redemption of OUSG. This test transaction was settled within five seconds and occurred outside traditional banking windows.  Ondo Finance and the others were laying the groundwork for a 24/7 market, and this news also boosted the sentiment around the altcoin.  The Bitcoin [BTC] pullback from $82.8k has seen many altcoins take a step backward in recent days, but ONDO continued to trend higher.  Can the bulls flip $0.413 to support and set new highs, or will this rally falter soon?  Exploring the bearish long-term ONDO view  In a recent report, AMBCrypto noted that the swing structure of ONDO was bearish on the 1-day timeframe. The $0.413 level was the 78.6% Fibonacci retracement level and could still yield a bearish price reaction.  Source: ONDO/USDT on TradingView  As things stand, this view remains possible. The CMF and A/D indicators signaled strong buying pressure since the breakout past the local resistance at $0.28. The upward momentum has not stalled yet.  Source: ONDO/USDT on TradingView  The momentum indicators did not signal a

05-09

Trump’s 10% Intel (INTC) Stake Gains $47 Billion After Apple Chip Deal

Intel Corporation (INTC) Stock Performance.  “Thats a gain of +$47.6 BILLION in less than 8 months. Truly unprecedented,” analysts at the Kobeissi Letter commented.  Why the Apple deal matters for Intel  The Wall Street Journal first reported the deal, the first time Apple has agreed to use Intel for production silicon. Apple has historically depended on Taiwan Semiconductor Manufacturing Company for its custom chips.  Commerce Secretary Howard Lutnick had met repeatedly with CEO Tim Cook to push the partnership forward.  BREAKING: Apple $AAPL and Intel $INTC have reached a preliminary agreement for Intel to manufacture chips for Apple devices, per WSJ.  Trump administration pushed for the deal. Commerce Secretary Lutnick met repeatedly with Tim Cook over the past year.  Intels foundry business has spent more than a year searching for an anchor customer. Microsoft signed on for the 18A process earlier this year.  April 2026 was Intels strongest month on record with a 114% gain. The Apple deal adds another major customer to a foundry roadmap once viewed as struggling. It feeds the broader push to onshore semiconductor manufacturing.  The $47.6 billion gain remains on paper. Any sale will hinge on market conditions. It also depends on political appetite for booking a profit on what was framed as industrial

05-09

U.S. Treasury Buys Back $4 Billion of Debt, Why Bullish For Bitcoin Traders

The post U.S. Treasury Buys Back $4 Billion of Debt, Why Bullish For Bitcoin Traders appeared first on Coinpedia Fintech News  The U.S. The Treasury bought back $4 billion of its own debt this week as part of a broader effort to improve market liquidity and stabilize bond trading conditions. For crypto investors, the move matters because rising liquidity has historically supported major rallies in Bitcoin and other digital assets.  Could this become another bullish catalyst for Bitcoin?  Why the Treasury Is Buying Back Debt?  In a recent press release, the U.S. The Treasury announced $4 billion in buybacks, including purchases of 10- to 20-year Treasury bonds on May 7, followed by a short-term TIPS buyback on May 8.  Together, these operations brought the total liquidity support this week to nearly $6 billion.  The Treasury Department said the operation mainly targeted older “off-the-run” securities, bonds that are less actively traded in secondary markets.  By repurchasing these bonds, the government aims to:Improve Treasury market liquidityReduce volatility in bond pricingSupport smoother trading conditionsMaintain confidence in U.S. debt markets  The Treasury market plays a critical role in global finance because U.S. government bonds remain the worlds primary reserve asset and a foundation for global liquidity systems.  Why Crypto Traders Care About Treasury

05-09

Binance Will Support the Chiliz Fan Tokens Contract Swap on May 11

Binance will support the Chiliz Fan Tokens contract swap on Chiliz Chain (CAP20). The transition moves eight major fan tokens from whole integers to 18 decimal places.  Binance Will Support the Chiliz Fan Tokens™ Contract Swap on Chiliz Chain (CAP20).  The eight tokens involved are AC Milan (ACM), AS Roma (ASR), Atlético de Madrid (ATM), FC Barcelona (BAR), Manchester City (CITY), Juventus (JUV), OG (OG), and Paris Saint-Germain (PSG). Deposits and withdrawals will pause on May 11 at 01:00 UTC.  Why the Contract Swap Matters  Whole integer tokens have a real limitation. You can‘t hold fractional units. That’s a problem for any token that wants to behave like a normal crypto asset, where users can buy small amounts and trade at precise prices.  Moving to 18 decimal places fixes that. Users can hold fractional fan tokens. Pricing becomes more precise. Trading mechanics line up with what every other major crypto asset already supports. Its a technical upgrade that opens up the user base by making the tokens behave the way crypto users expect.  What Happens on May 11  At 2026-05-11 01:00 UTC, Binance will suspend deposits and withdrawals for all eight tokens on Chiliz Chain (CAP20). Users need to leave enough time before the cutoff for any

05-09

Coinbase Misses Q1 Estimates as Crypto Slump Deepens Losses

During an earnings call, Coinbase CFO Alesia Haas informed investors that macro circumstances were very challenging. Analysts had predicted $1.5 billion in revenue for Coinbases first quarter, but the company only made $1.41 billion.  The US cryptocurrency exchange Coinbase posted a significant first-quarter loss and revenue that fell short of Wall Street projections, sending its shares tumbling on Thursday. After posting a $667 million loss in Q4 2025, Coinbase had a net loss of $394.1 million in Q1, marking its second consecutive quarter of deficit. It turned a loss after having made $65.6 million a year earlier.  During an earnings call, Coinbase CFO Alesia Haas informed investors that macro circumstances were very challenging. Both the entire market capitalization of cryptocurrencies and the total volume of crypto trades fell by more than 20% from the previous quarter.  Exploring New Business Lines  Earnings from Coinbase follow those of other cryptocurrency firms, which had a rough start to 2026 as investors fled the market due to the market crash. Meanwhile, analysts had predicted $1.5 billion in revenue for Coinbases first quarter, but the company only made $1.41 billion. Subscription and service revenue, which represents its operations outside trading, declined 13.5 percent from the previous year, while transaction

05-09

ChatGPT, Claude, Grok Gemini Reveal XRP Forecasts for Q2 2026

AI models predict XRP could trade between $1.40 and $4.50 by Q2 2026 amid mixed market sentiment.Bullish forecasts see XRP reaching as high as $8 if ETF inflows and bank adoption accelerate rapidly.Analysts say regulation, Ripple partnerships, and Bitcoin‘s trend will likely decide XRP’s next move.  XRP is heading into Q2 2026 with mixed sentiment, as artificial intelligence models debate whether the asset could break out or continue trading sideways.  Most AI forecasts place XRP somewhere between $1.40 and $4.50 by the end of June 2026. But bullish scenarios could reach $8 if institutional adoption accelerates and ETF inflows remain strong.  At the center of nearly every prediction are the same themes: XRP ETF demand, regulatory clarity in the United States, Ripples banking partnerships, and overall crypto market conditions led by Bitcoin.  Claude Sees Regulatory Pressure Shaping XRPs Direction  According to Claude, XRP entered Q2 2026 under pressure after falling 27% during Q1. The model noted that XRP traded around the $1.41 to $1.44 zone in April.  Claude highlighted that roughly 36.8 billion XRP, representing around 60% of the circulating supply, sits near an average cost basis of $1.44. That level is a major resistance area because many holders may look to sell once they break

05-09
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