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Jito Announces JTX, the Trade Platform Sophisticated Solana Traders Have Been Waiting For

Tech　　Jito Announces JTX, the Trade Platform Sophisticated Solana Traders Have Been Waiting For　　The team behind Solanas core infrastructure debuts its first product for traders: a self-custodial trading platform with CEX-grade execution and the professional order types serious traders currently go off-chain to access.　　MIAMI, May 7, 2026 – Jito Labs today announced JTX, a self-custodial trading platform from the team behind the Jito Block Engine and JitoSOL. Built for the next generation of market activity coming to Solana, JTX brings CEX-grade execution and professional order types on-chain. CEO Lucas Bruder unveiled the product on stage at Solana Accelerate in Miami.　　JTX is the first product Jito has built directly for traders. It brings professional-grade order types, persistent charting, high quality assets, and execution quality that beats centralized exchanges, with assets remaining in the user‘s custody throughout. JTX is the first product on Solana that gives serious traders the execution and order types they’ve been forced to leave the chain to find.　　JTX launches with the following:Spot trading across Solana assets, including RWAs, with verified token listingsProfessional order types, including resting limits, brackets, OCO, and stop ordersPersistent charting powered by TradingViewOrderbook depth viewFull self-custody throughout　　Perps and prediction markets follow, expanding JTXs reach across the

05-07

White House Targets CLARITY Act Passage Before July 4

Tech　　White House Targets CLARITY Act Passage Before July 4White House targets CLARITY Act passage before July 4 as Senate talks advance.Stablecoin rewards compromise clears a major hurdle in ongoing crypto bill negotiations.White House backs broad ethics rules, opposes politician-specific restrictions.　　The White House is aiming to move the Digital Asset Market Clarity Act through Congress before July 4, according to White House digital assets adviser Patrick Witt, who said the Senate Banking Committee is expected to advance the legislation later this month.　　The update shows a continued momentum for the crypto market structure bill after months of delays tied to disagreements over stablecoin yield provisions and conflict-of-interest language. Witt also stated that discussions surrounding the stablecoin rewards issue are now largely settled, while separate negotiations continue over ethics rules linked to public officials and their families.　　Speaking on the legislations progress, Witt said the administration had reached a compromise position that left both crypto firms and banks dissatisfied to a similar degree. According to Witt, the administration considers the stablecoin yield issue “closed,” suggesting that lawmakers have aligned on a revised framework following extended negotiations between the banking industry and digital asset companies.　　Stablecoin Rewards Compromise Advances Senate Discussions　　The latest reforms follow a compromise

05-07

XRP sell pressure hits 2021 lows but can bulls clear $1.45?

XRP whale inflows to Binance have fallen to their lowest level since November 2021, according to CryptoQuant analyst Arab Chain. XRP whale inflows to Binance fell sharply, lowering fears of large-scale selling pressure near term.Analysts say a confirmed XRP close above $1.45 could reopen the path toward $1.80 next.ETF inflows and weaker exchange deposits support XRP, but $1.45 remains the key breakout level.　　The 30-day cumulative inflow reading dropped from about 2.6 billion XRP in early March to nearly 736 million XRP.　　Large transfers to exchanges often draw attention because they can show possible selling or portfolio changes. A lower inflow reading can reduce the risk of sudden sell orders from large holders, especially during volatile market periods.　　The latest drop also matches earlier crypto.news coverage, which reported that XRP whale inflows to Binance had already fallen to multi-year lows in January. At that time, the trend pointed to lower short-term selling pressure as XRP tried to hold its range.　　Price stays near key resistance　　Ripples native token (XRP) traded near $1.42, with a 24-hour trading volume above $2.64 billion and a market cap near $87.5 billion, according to crypto.news data. The token was down about 1.4% on the day but remained up 3.5% over

05-07

Ripple IPO Odds Fade as Legal Barriers Persist, Says Schwartz

Tech　　Ripple IPO Odds Fade as Legal Barriers Persist, Says Schwartz　　David Schwartz Reveals Why Ripple Still Has No Legal Path to an IPO　　Ripple‘s long-speculated IPO (initial public offering) is running into a hard legal reality. While market chatter continues, executives have made it clear that a public listing isn’t a near-term priority, and former CTO David Schwartz the core issue is simpler: the current legal framework still doesnt support it.　　The discussion intensified after Ripple CEO Brad Garlinghouse recently explained that the company is taking a cautious stance toward an IPO. Garlinghouse pointed to the of crypto firms like Gemini and Kraken as examples of why Ripple is not rushing toward the public markets.　　Now, David Schwartz has added a new dimension to the debate, noting that Ripple stock is already classified as a security under current U.S. law.　　This designation, he explains, introduces major legal constraints that make tokenizing Ripple equity or enabling it to trade like a crypto asset far more complex than many investors assume.　　His remarks also highlight a common misconception in the market: Ripple equity and XRP are fundamentally different instruments, governed by entirely separate rules and legal frameworks.　　Why Ripple Still Has No Clear Legal Path to Go Public　　XRP and

05-07

ETH Stuck Below $2.4K Despite Wider Crypto Market Recovery

Crypto Ethereum　　ETH Stuck Below $2.4K Despite Wider Crypto Market RecoveryA 50% drop in exchange activity and decentralized application revenue is stalling Ether price growth.Institutional investor interest in Ether remains under pressure as major holders like Bitmine face billions in unrealized losses.　　Ether (ETH) has failed to sustain levels above $2,400 for the past three months, consistently lagging behind most of its peers. Ether‘s down 21% in 2026, and investors have expressed uncertainty about the altcoin’s inability to mirror the broader market recovery.　　The total cryptocurrency market capitalization is down 11% year-to-date, suggesting specific headwinds for Ether remain in play. A decline in decentralized applications (DApps) activity partially explains this fading interest. Regardless of whether this trend has affected the industry as a whole, the shift negatively affects ETH price formation.　　Decentralized exchanges (DEX) volumes fell by 53% in six months, a sector largely responsible for Ethereums DApps activity. Consequently, these DApps experienced a 49% decline in revenue over the same period. While the sharp drop in memecoin prices and token launches contributed to reduced DEX appeal, other factors, including protocol hacks, also played a significant role.　　Multiple hacks had a negative impact on DApp activity　　The cryptocurrency industry suffered in April, with KelpDAO and Drift

05-07

Ethereum Price Eyes Mid-Week Bounce as Selling Pressure Craters 85%

Ethereum　　Ethereum Price Eyes Mid-Week Bounce as Selling Pressure Craters 85%　　Ethereum (ETH) price hovers near $2,330 mid-week with sellers fading sharply, leaving an 8-hour reversal structure one candle away from confirming a possible bounce.　　The setup ties together a textbook bottoming pattern, an exhaustion signal on momentum, and an 85% drop in coins flowing onto exchanges. Whether ETH delivers the bounce depends on a single candle holding the line.　　Ethereum Price Builds Reversal Structure as Momentum Quietly Diverges　　The 8-hour chart shows ETH carving an inverse head-and-shoulders since mid-April. The pattern prints a low (left shoulder), a deeper low (head), and a higher low (right shoulder). The right shoulder formation is close to being confirmed now.　　Sitting under that price action is a developing hidden bullish divergence. ETH price has made a higher low between mid-April and early May, while RSI (relative strength index), a momentum gauge, is close to printing a lower low over the same window. Hidden bullish divergence often signals exhaustion of selling pressure, not the start of a fresh leg down.　　Inverse Head Shoulders: TradingView　　The trigger is binary. If the next candle holds above the current right-shoulder floor ($2,309 to be exact), the divergence confirms and the pattern stays alive. If sellers

05-07

Gold Climbs Past $4,700 Amid Diplomatic Breakthrough Between Washington and Tehran

Tech　　Gold Climbs Past $4,700 Amid Diplomatic Breakthrough Between Washington and TehranGold extended its rally for three consecutive sessions, holding above the $4,700 per ounce markDiplomatic progress between Washington and Tehran is alleviating inflation concerns while pressuring crude prices downwardThe US dollar retreated to levels seen before the recent conflict, enhancing golds appealSilver posted its largest single-session gain in weeks with a 6% surge on WednesdayMarket participants are now eyeing Fridays employment data for insights into Federal Reserve policy direction　　The yellow metal has extended its upward trajectory for a third consecutive session as optimism surrounding potential diplomatic resolution between Washington and Tehran sent crude oil prices tumbling and reduced worries about persistent inflation.　　Spot gold advanced 1% to reach $4,736.61 per ounce during Thursday trading. Meanwhile, US Gold Futures contracts for June delivery climbed 1.1% to settle at $4,746.86.　　Gold Jun 26 (GC=F)　　Wednesday witnessed golds most impressive single-session performance since the final days of March, with prices surging more than 3%. This substantial rally followed a sharp decline in crude oil prices triggered by encouraging reports of diplomatic advancement in US-Iran discussions.　　According to reporting from Axios, the administration was nearing completion of a memorandum of understanding with Iranian officials to resolve the ongoing

05-07

Toobit Confirms Over 100% Asset Backing in Latest Hacken Proof of Reserves Report

The assessment conducted by Hacken confirms that the exchange is maintaining a collateral ratio of more than 100% across all in-scope digital assets. These include BTC, ETH, USDT, and USDC.　　This audit confirms that theres a safe 1:1+ backing for every trader deposit. The findings also verify that there is a reserve surplus that ensures all trader liabilities are fully over-collateralized.　　Additionally, the verification process validated the individual balances of more than 640,000 accounts. This was achieved by cross-referencing loads of internal data against legal documentation, as well as against official statements from third-party institutional custodians to guarantee the highest level of accuracy.　　Report Mechanics　　To deliver full transparency, Hacken used a multi-stage methodology that was focused on three key stages. First, the auditors performed a Proof of Liabilities. To do so, they verified the total balances of more than 600,000 liability holders to make sure that there was an accurate representation of client deposits.　　The second stage was Asset Verification. During this, auditors compared the total reserve balances against the client liability report to verify whether they covered them in full. Last but not least, the process included Operational Oversight, aiming to review information flow and custodial reporting, which ensures all data remains authentic

05-07

TON Price Prediction: Extreme Overbought Rally Targets $2.30 Before 30% Correction to $1.60

The Immediate Setup　　Toncoin delivered a crushing blow to short sellers with a 16.72% daily surge that launched price from $1.76 lows to current levels at $2.14. This momentum carries genuine volume backing at $127.6 million on Binance alone, but the technical picture reveals dangerous overbought conditions. The RSI reading of 88.88 combined with price trading 30% above the upper Bollinger Band at $1.87 creates a textbook setup for significant cooling off. The MACD histogram flatlining at 0.0000 indicates this explosive move is losing steam precisely when retail traders are most euphoric.　　Key Levels Exposed　　The technical structure shows a coin stretched beyond sustainable limits. TON has obliterated every meaningful resistance level, now trading 50% above its 20-day moving average at $1.42 and surpassing the 200-day SMA at $1.56. Immediate resistance clusters around $2.31, with stronger opposition waiting at $2.49. The downside presents a concerning picture – the first meaningful support doesnt appear until $1.86, followed by more substantial buying interest near the $1.59-$1.60 zone where multiple moving averages converge. This wide gap between current price and support levels signals heightened volatility ahead, with Blockchain.news technical analysis confirming these critical inflection points.　　Sentiment vs Reality　　The derivatives landscape tells a sobering story beneath the surface

05-07

Advanced Micro Devices (AMD) Stock Soars 18% Following Stellar First Quarter Results

Advanced Micro Devices, Inc., AMD　　The semiconductor company delivered quarterly revenue totaling $10.25 billion, surpassing the Streets expectation of $9.9 billion. Per-share earnings reached $1.37, comfortably ahead of the $1.28 analyst consensus.　　Shares were changing hands near $421 during Wednesday‘s trading session, representing a substantial jump from approximately $355 at the previous day’s close.　　The datacenter business segment stole the spotlight, generating $5.78 billion in revenue — marking a 57% increase compared to the same period last year. Robust demand for server processors represented the main catalyst behind this growth.　　Looking toward the second quarter, AMD issued revenue guidance of $11.2 billion. This forecast sits well above Wall Streets collective estimate of $10.5 billion. The company anticipates datacenter revenues will expand by double-digit percentages sequentially, while server CPU revenue is projected to surge more than 70% on a year-over-year basis.　　Trading activity reflected intense investor interest. Over 54 million AMD shares exchanged hands Wednesday, substantially exceeding the three-month average daily volume of approximately 32.47 million.　　Wall Street Analysts Rush to Upgrade　　Goldman Sachs elevated AMD to a Buy rating while simultaneously raising its price objective to $450 from a previous $240. Covering analyst James Schneider highlighted agentic artificial intelligence as a long-term structural growth driver for AMDs

05-07

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