Ethereum Price Prediction: ETH Tests Key $3K Breakout Setup

Ethereum is holding near a key technical zone as two trader charts point to a possible breakout setup. The charts show ETH testing resistance, retesting an old downtrend line, and building patterns that could decide its next move.  Ethereum Price Eyes $3,000 as ETH Chart Forms Three Cup and Handle Setups  Ethereum traded near $2,282 on the daily ETH/USD chart on Coinbase, while a chart shared by Sky on X showed three possible cup and handle patterns forming below key resistance.  The chart places Ethereum under the $2,389 resistance level. That zone has capped several upside attempts since March, making it the main breakout level for ETH price.  Sky said some traders think ETH is “doing nothing,” but the chart shows three cup and handle setups building across recent price action. The post said these patterns could support a move toward the $3,000 area if Ethereum breaks higher.  Ethereum Chart. Source:  The first rounded base formed after Ethereum fell sharply in February and found support near the $1,800 area. ETH then recovered toward $2,389 but failed to clear the resistance zone.  After that, Ethereum pulled back near the $1,950 to $2,000 range and formed another rounded structure. Buyers later pushed the price back toward the same resistance

05-08

BlackRock Backs GENIUS Act Stablecoin Framework, Pushes 7 Recommendations

BlackRock has filed a comment letter with the U.S. Office of the Comptroller of the Currency, backing the agencys proposed regulatory framework for payment stablecoin issuers under the GENIUS Act.  The worlds largest asset manager submitted seven recommendations, urging the OCC to permit broader reserve eligibility and adopt flexible compliance rules. BlackRock said the GENIUS Act framework can support real-time settlement and stronger payment system standards.  BlackRock Backs Principles-Based Framework  The OCC proposal, published on March 2, sets requirements for permitted payment stablecoin issuers (PPSIs) under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. It addresses reserve assets, diversification, concentration, capital, and supervisory standards.  BlackRock said it prefers the agencys “Option A,” which pairs a principles-based approach with an optional quantitative safe harbor. That harbor carries 10% daily and 30% weekly liquidity thresholds, a 40% concentration limit, and a 20-day weighted average maturity cap.  With the right regulatory framework in place, stablecoins can improve the payments system and drive new forms of financial utility, including real-time settlement. Our comment letter to the @USOCC offers key recommendations we believe will make the most of what the GENIUS Act can… pic.twitter.com/sNreD3iZXn  — BlackRock (@BlackRock) May 7, 2026  The firm wants same-day settling government money market funds

05-08

Bitcoin Price Prediction: Tom Lee Says One Monthly Close Ends the Bear Market for Good

BTC spot ETFs logged $277.50M in outflows May 7, snapping five straight days of inflowsOpen interest down 3.70% to $59.36B as volume drops 12.98%, pointing to position exitsPrice reclaimed the 20 EMA at $77,895 but still trades below the 200 EMA at $82,038  Bitcoin trades at $79,642 on May 9, holding above the 20 EMA after a multi-month recovery but facing its first ETF outflow day in nearly a week, with Fundstrat‘s Tom Lee drawing a clear line in the sand at $76,000 for May’s monthly close.  What the Daily Chart Says About $80,000  The daily chart shows BTC has broken above a descending trendline that had capped price since the October 2025 peak near $126,000. The 20 EMA at $77,895 and 50 EMA at $75,327 are now both below price, a positive shift after months of acting as resistance. The Parabolic SAR at $76,718 has flipped bullish, sitting below current price for the first time since the recovery began.  The 200 EMA at $82,038 is the wall. Price tagged $80,136 intraday on May 8 and pulled back, leaving a visible rejection. Until BTC closes a daily candle above $82,038, the broader EMA structure remains bearish on the macro timeframe.  Key levels:Resistance: $82,038 (200 EMA),

05-08

Gold: PBoC buying underpins central bank demand – Commerzbank

Finance  Gold: PBoC buying underpins central bank demand – Commerzbank  Commerzbank‘s Barbara Lambrecht reports that China’s central bank (PBoC) used a temporary Gold price dip in April to extend its buying streak to 18 months, with the largest addition since December 2024. Central banks and public institutions bought nearly 245 tons in Q1, slightly above the five‑year average, with Poland and Uzbekistan leading purchases.  Persistent official sector accumulation trend  “Chinas central bank took advantage of the temporary dip in gold prices and increased its reserves in April for the 18th consecutive month. At 8.1 tons, these were the largest purchases since December 2024.”  “Central bank purchases have been among the key drivers of gold demand for over four years. Despite the significant rise in prices, purchases by central banks and other public institutions in the first quarter totaled nearly 245 tons, according to the WGC, which was 3% higher than the previous year and even slightly above the five-year average.”  “The Polish and Uzbek central banks were the biggest buyers (31 tons and 25 tons, respectively); only 7 tons were attributable to Chinas central bank during this period. That figure is likely to rise this quarter.”

05-08

U.S. Jobs Report Comes In Stronger Than Expected Despite U.S.-Iran War

Tech  U.S. Jobs Report Comes In Stronger Than Expected Despite U.S.-Iran War  The U.S. jobs report has come in stronger than expectations, signaling that the labor market remains strong despite the pressures from the U.S.-Iran war. Bitcoin slightly slipped on the back of the data release, which makes a case for the Fed to hold rates steady for now.  U.S. Jobs Report Comes In Strong With NFP Beating Estimates  Bureau of Labor Statistics data shows that nonfarm payrolls rose by 115,000, beating estimates of 65,000. This marks the second consecutive month in which the U.S. has added over 100,000 jobs, with March nonfarm payrolls increasing by 178,000.  Meanwhile, the unemployment rate remained unchanged at 4.3% in April, in line with expectations. This comes despite the inflationary pressures from the U.S.-Iran war, with the U.S. jobs report signaling that the labor market remains healthy.  Bitcoin slipped from a high of around $80,200 following the release of the U.S. jobs report. The BTC price is currently trading at around $80,000, down almost 2% on the day, according to TradingView data.  Source: TradingView; Bitcoin daily chart  The report is typically bearish for Bitcoin and the broader crypto market as it strengthens the case for the Fed to keep holding rates steady,

05-08

MSTR Stock Forecast: BTC Buys in 2026 To Hit $30 Billion by December

Bitcoin  MSTR Stock Forecast: BTC Buys in 2026 To Hit $30 Billion by December  Michael Saylors Strategy may purchase about $30 billion worth of Bitcoin in 2026 if it continues buying at its current pace, according to analysts at JPMorgan.  The company, formerly known as MicroStrategy, has added 145,834 BTC so far this year, valued at roughly $11 billion. JPMorgan analysts led by Nikolaos Panigirtzoglou said the pace of accumulation has increased in recent months, especially during April, when Strategy appeared to step up purchases as Bitcoin traded near or below its estimated average acquisition cost.  Strategy the largest publicly traded corporate holder of Bitcoin. The company now holds 818,334 BTC, worth more than $65 billion based on recent market prices. Its Bitcoin reserve remains the center of its corporate strategy and financing model.  Bitcoin Purchases Accelerate in 2026  JPMorgan analysts said Strategy‘s year-to-date Bitcoin buying rate points to an annualized total of around $30 billion by December. That would exceed the company’s Bitcoin purchases in 2024 and 2025, when it bought about $22 billion worth of BTC in each year.  The analysts said Strategy has become more opportunistic in 2026, adjusting its purchases based on market prices and capital availability. The firm has used multiple financing

05-08

WIF Price Prediction: $0.30 Breakout or $0.17 Collapse Within 72 Hours

The Immediate Setup  WIF just dumped 6.49% in 24 hours while sitting dangerously close to its Bollinger Band upper limit at $0.22. The momentum indicators flash mixed signals as the MACD histogram flat-lines at zero, creating a coiled spring effect that has Blockchain.news traders on high alert. The $13M in daily volume shows retail engagement remains strong, but beneath the surface, institutional money is positioning for a different outcome than what most expect.  Key Levels Exposed  The technical picture reveals a classic squeeze formation. WIF trades above all short-term moving averages in the $0.19-$0.20 zone but remains trapped 27% below the critical 200-day SMA at $0.30. The immediate resistance cluster at $0.23-$0.24 represents the make-or-break zone where previous rallies have died. Support builds around $0.21 with the nuclear option at $0.20 where multiple moving averages converge, creating a natural floor that could either hold or trigger a cascade lower.  Sentiment vs Reality  Both retail (63% long) and smart money (66.2% long) are positioned bullishly, yet open interest collapsed 32% in 24 hours through forced liquidations. The negative funding rate of -0.0026% suggests shorts are getting paid, contradicting the overwhelming long sentiment. This divergence between positioning and price action typically precedes violent moves in either direction,

05-08

What If the CLARITY Act Fails in July? 

The post What If the CLARITY Act Fails in July? appeared first on Coinpedia Fintech News  The White House is pushing to pass the CLARITY Act before July 4, 2026, as lawmakers race to approve the biggest crypto regulatory framework in U.S. history. At the same time the banking lobby groups are reportedly trying to derail the bill. As the concern grows, investors are wondering what will happen if the CLARITY Act fails to pass.  Will Bitcoin price crash?  What Happens If the CLARITY Act Fails?  Bitwise CIO Matt Hougan says institutional investors are unlikely to abandon crypto even if the Clarity Act fails to pass. He pointed out that during the 2018 and 2022 market crashes, Bitwise saw almost no major outflows, even with Bitcoin dropping nearly 50%.  According to Matt Hougan, institutions are long-term Bitcoin holders because they only invest when they have strong confidence in Bitcoins future.  At the same time, BlackRock continues leading Bitcoin ETF inflows, while corporate buyers like Strategy keep accumulating BTC. This is because institutional portfolios now view Bitcoin as a hedge against currency debasement.  Recently, Coinpedia reported that JPMorgan Chase believes Bitcoin is increasingly overtaking gold as investors preferred “debasement trade.”  Unlike retail investors, institutional investors understand cryptos volatility and

05-08

Taiwan stocks surge as AI boom drives fastest growth since 1987

Taiwans stock market extended its strong artificial intelligence-fueled rally in April, with investors pouring into semiconductor and technology shares as AI demand continued lifting exports and economic growth.Taiwans TWSE Index climbed 22.7% in April as AI-related semiconductor demand pushed first-quarter GDP growth to 13.7%, the fastest since 1987.Technology stocks accounted for 79% of market turnover, while average daily trading volume surged 187% year-over-year to NT$1.23 trillion.Margin loan balances hit a record NT$641 billion as investors increased exposure to Taiwans AI and semiconductor sectors.  According to Bank of America, the TWSE Index climbed 22.7% month-over-month to 38,926.63 and is now up 34.4% since the start of the year.  Technology stocks remained the main driver of trading activity across the market. The sector accounted for 79% of total turnover during the second quarter to date, while average daily turnover surged 187% year-over-year to about $38.9 billion.  Taiwans total stock market capitalization also rose 18% in April to $4 trillion, with technology companies making up more than four-fifths of the market.  The rally comes as Taiwan continues benefiting from global demand for AI infrastructure, chips, and cloud computing hardware. First-quarter GDP expanded 13.7% year-over-year, the fastest pace recorded since 1987, supported largely by AI-related exports. March exports

05-08

Mobile wallet zero‑days put SDKs under fire – and highlight the case for isolation

Mobile zero‑days and SDK flaws are shredding wallet trust, pushing serious users toward isolated, multi‑device signing to shrink the blast radius.Microsoft‘s EngageSDK bug and theBinance’s DarkSword iOS exploit show that even “secure” wallets can be gutted by OS and third‑party stack failures.These flaws exposed tens of millions of installations, proving that app‑level audits mean little if the underlying device and SDKs are compromised.Emerging architectures that push keys off the phone entirely, including early-access projects like Lock.com, trade UX friction for a dramatically reduced blast radius.Architectures like Lock.coms isolated signer push keys off the phone entirely, trading UX friction for dramatically reduced catastrophic loss risk.  The latest wave of mobile vulnerabilities is again exposing how much trust retail users unknowingly place in third‑party software development kits (SDKs) and phone operating systems – and why some security teams are accelerating a shift toward fully isolated signing environments.  Earlier this month, Microsoft detailed a severe intent‑redirection flaw in EngageLabs EngageSDK, a widely used Android push‑notification library embedded in dozens of financial and crypto wallet apps. The bug allowed malicious apps on the same device to hijack Android intents and bypass the OS sandbox, potentially accessing sensitive data, credentials and transaction information stored inside affected wallets.

05-08
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