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Tradeify Launches Grand Cup 2: Outlaws with a $1,000,000 Prize Pool and a $5,000 Bounty on Hand-Picked Pros

1,024 traders. Ten days of head-to-head elimination. Twenty-four invited Outlaws each carrying a $5,000 bounty. Sign-ups open today; the bracket runs May 17 through June 5.　　Tradeify today opened registration for The Grand Cup 2: Outlaws, a free-to-enter simulated trading tournament with a $1,000,000 prize pool. The format pairs an open five-day qualifier with a 1,024-trader single-elimination bracket and a $5,000 bounty on each of 24 invited “Outlaw” competitors. Registration is open now at tradeify.co/grandcup; the qualifier runs May 17-22, and the bracket runs May 26 through the championship on June 5.　　The Boca Raton-based prop firm has paid more than $200 million to funded traders since launching in 2024. Grand Cup 2 is the second running of the tournament, following the inaugural Grand Cup in 2025.　　How the format works　　Participation in the qualifier is free of charge. Entrants trade a $50,000 simulated account with a $2,500 drawdown over five trading days, capped at one mini contract or ten micro contracts. Rankings are based on ending account balance, and the top 1,000 traders advance into the bracket.　　In the head-to-head stage, qualifiers are paired against each other in single-day matchups on a fresh $50,000 simulated account with no drawdown rule. Whichever trader has the

05-07

Claude Say Bitcoin Could Surge to $120K Under These Conditions

Bitcoin is on the move after recovering its bullish momentum amid catalytic support.Claude AI thinks de-escalating US-Iran tensions is a catalyst behind Bitcoins rebound.There are varying chances for the current Bitcoin rally to reach $90K, $100K, and $120K.　　Bitcoin has made an impressive return in the past few days, stabilizing above the $80,000 resistance, which has flipped into strong support. The cryptocurrency traded at $82,509, amid signals of further upsurge, according to data from TradingView.　　With the return of bullish momentum for BTC, we asked Claude AI to identify the catalyst behind the digital assets recent price surge and to predict the chances of Bitcoin rallying to $90,000, $100,000, and $120,000 in the current bull run, and got the following response:　　What is Behind Bitcoins Rally？　　To begin with, Claude identified multiple factors behind the latest Bitcoin rally, including the de-escalation of the US-Iran war, following US President Donald Trumps announcement that the US had responded to Irans 14-point peace proposal, and would start escorting commercial vessels through the Strait of Hormuz.　　Claude further noted that ETF inflows turning positive in late April have contributed to Bitcoins latest rally, alongside technical reclamation of key price levels, which boosted bullish sentiment among traders. Additionally, the Bitcoin

05-07

JPMorgan, Ripple, Ondo Complete First Cross-Border Tokenized Treasury Settlement Using XRP Ledger

In a major XRP news, JPMorgan, Ripple, Mastercard, and Ondo Finance have completed a pilot transaction involving tokenized treasuries on the XRP Ledger (XRPL). This move comes as the tokenization wave grows, with the total RWA value on the XRPL rising.　　XRP News: JPMorgan, Ripple, Ondo Complete Tokenized Treasury Transaction　　In an X post, Ondo Finance announced that it had collaborated with JPMorgans tokenization arm, Kinexys, Ripple, and Mastercard to complete a landmark pilot transaction connecting the XRP Ledger to interbank settlement rails. The firm noted that this milestone marks the first time they have settled U.S. Treasuries across borders and banks in real-time and outside traditional banking windows.　　As to how they carried it out, Ondo revealed that it processed Ripple‘s OUSG redemption on the XRP Ledger, and that Mastercard’s Multi-Token Network then routed instructions to JPMorgan‘s Kinexys. Following that, JPMorgan delivered USD to Ripple’s Singapore bank account.　　Ondo Finance partnered with Ripple last year to introduce its Ondo Short-Term U.S. Government Bond (OUSG) on the XRP Ledger. Meanwhile, Ondo noted that tokenized assets are no longer separate from the global financial system. “For the first time, a public blockchain and global banking infrastructure settled a cross-border transaction of a tokenized fund together

05-07

SpaceX Sells Full Colossus 1 Compute to Anthropic Weeks Before $1.75 Trillion IPO

SpaceX granted Anthropic full access to its Memphis-based Colossus 1 supercluster on Wednesday. The compute pact lands roughly five weeks before the rocket companys planned $1.75 trillion public market debut.　　The arrangement gives Anthropic over 300 megawatts of capacity and more than 220,000 NVIDIA GPUs deployable within the month. Meanwhile, the supply hands SpaceX a marquee AI customer ahead of its June Nasdaq listing.　　Compute Deal Lands Inside the SpaceX Roadshow Window　　SpaceX confidentially filed its S-1 with the Securities and Exchange Commission (SEC) on April 1. Bankers expect the offering to be the largest in U.S. capital markets history. The roadshow runs the week of June 8.　　Selling Colossus 1 capacity to a frontier AI lab gives underwriters fresh evidence for the AI infrastructure storyline.　　SpaceX merged with xAI in February, and the Anthropic agreement shows the cluster can serve external paying customers beyond Grok.　　“We‘ve agreed to a partnership with SpaceX that will substantially increase our compute capacity. This, along with our other recent compute deals, means that we’ve been able to increase our usage limits for Claude Code and the Claude API,” Claude shared in a post.　　AI Customer Demand Strengthens IPO Pitch　　For Anthropic, the deal doubles Claude Code rate limits for paid users

05-07

Gold spikes above $4,700 as silver rallies more than 6% in a day

Spot gold smashed through $4,710 per ounce while silver jumped more than 6%, extending a months‑long precious‑metals rally that is now outpacing most risk assets and reopening the gold‑versus‑Bitcoin safe‑haven debate.Spot gold broke above $4,710 per ounce on Wednesday, with intraday quotes around $4,709.08, a 3.38% gain on the session.Spot silver jumped to $77.46 per ounce, up 6.43% on the day, extending a months‑long surge in precious metals.The move comes as gold and silver repeatedly notch record or near‑record highs, outpacing most risk assets and reigniting the safe‑haven debate versus Bitcoin.　　Spot gold pushed through the $4,710 mark on Wednesday, with data from Gate showing prices around $4,709.08 per ounce, up 3.38% on the day. Spot silver outpaced the yellow metal, trading near $77.46 per ounce for a 6.43% daily gain, as the precious metals rally broadened across the complex.　　External trackers confirm that gold has been grinding higher for months, with GoldPrice.org recently placing spot around $4,628 per ounce and noting a gain of more than $1,200 over the past year. Silver prices have also rocketed from the low‑$30s to the mid‑$70s in under twelve months, according to Fortune.　　Analysts point to a familiar macro cocktail behind the move: sticky inflation expectations,

05-07

Roobet Launches Prediction Markets on May 6, The First Major Crypto Casino to Integrate the Format

Press Releases are sponsored content and not a part of Finbold‘s editorial content. For a full disclaimer, please . Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest.　　Roobet, the global crypto-first entertainment platform, today announced the launch of its new prediction markets offering, going live on May 6, 2026, at roobet.com/predictions.　　With this launch, Roobet becomes the first major crypto casino to offer fully integrated prediction markets, expanding beyond traditional casino and sportsbook experiences into one of the fastest-growing formats in digital entertainment.　　The new feature allows players to take positions on real-world outcomes across sports, culture, and major global events, all directly using their existing Roobet accounts.　　Seamless Integration for Players　　Unlike standalone platforms, Roobets prediction markets are built natively into the Roobet ecosystem. Players can participate instantly using their existing accounts and balances, eliminating friction and creating a unified experience across casino, sportsbook, and prediction markets.　　This integration enables:Immediate access with no additional onboardingUse of existing Roobet balancesA single wallet across all gaming and prediction experiences　　Expanding the Future of Interactive Entertainment　　Prediction markets have rapidly gained traction as a new way for users to engage with live events, combining elements of trading, gaming, and real-time

05-07

BREAKING: Wall Street Giant UBS Group Discloses XRP Holdings Ahead of Crypto Trading Launch

UBS Group AG, the worlds largest wealth manager with $7 trillion in AUM, is deepening its crypto presence by investing in the Grayscale XRP ETF. This comes ahead of its plans to launch trading and push for tokenization.　　UBS Group Reveals Holdings in Grayscale XRP ETF　　UBS Group AG expanded its crypto exposure by investing in the Grayscale XRP ETF, according to the latest SEC filing. This indicates the wealth managers growing confidence in XRP amid huge demand from clients for crypto trading and tokenization.　　UBS reported owning 317 shares of the Grayscale XRP ETF, worth about $8,248. The firm also holds 197,369 shares of the Volatility Shares XRP ETF, valued at roughly $1.5 million.　　UBS Group is now among other major financial institutions like Goldman Sachs and Bank of America that are increasing their exposure to spot XRP ETFs. As CoinGape reported earlier, Farmers & Merchants Investments holds 2,374 shares of the Bitwise XRP ETF, valued at about $35,681.　　UBS has also diversified its crypto portfolio by investing in Solana, Dogecoin, and Polkadot through exchange-traded funds, expanding beyond Bitcoin and Ethereum. Moreover, the company holds more than $1 million in shares of Trump family-linked American Bitcoin Corp.　　Crypto Trading and Tokenization Plans　　With growing regulatory clarity,

05-07

Why SMCI stock is rocketing today

The gains followed the server makers latest results, with quarterly revenue reaching about $10.2 billion, up 123% year over year, despite missing some estimates due to supply constraints and customer timing.　　Adjusted earnings per share came in at $0.84, beating forecasts, while net income surged and margins showed clear improvement.　　The main catalyst for the rally was Super Micros forward guidance, which projected fourth-quarter revenue of $11 billion to $12.5 billion, well above Wall Street expectations.　　The outlook points to sustained demand for its AI-optimized servers, with strong interest from hyperscale cloud providers and enterprise customers.　　This has helped ease concerns about slowing growth and reinforced its position in the expanding AI infrastructure market.　　SMCIs turbulent run　　The upbeat results follow a turbulent period for the company. Super Micro has faced ongoing scrutiny over governance, accounting, and compliance, with its stock experiencing sharp swings tied to auditor departures, export control concerns, and revenue recognition questions.　　More recently, legal uncertainties, customer concentration risks, and margin pressure from aggressive pricing have weighed on sentiment and contributed to volatility.　　Surging demand for AI servers has pushed the company through supply chain constraints, execution hurdles, and lingering investor skepticism tied to its past. The stock had remained below earlier AI-driven highs.　　Recent results,

05-07

Top 6 Cryptos With 50x Potential in 2026—Why Little Pepe ($LILPEPE) Is Drawing Early Attention

As the crypto space moves into 2026, there is now more interest in investing in coins that offer asymmetric returns relative to their downside risks. It is common practice for the crypto industry to rely on large-cap crypto assets, but exponential returns in bull runs tend to be generated from projects with developing stories, growing ecosystems, and tokens that are still in the early stages of development.　　Dogecoin　　Dogecoin is one of the top meme coins, supported by a vast community around the world. Despite being an old coin, Dogecoin has always been able to produce explosive growth trends during bull market runs, becoming the leader of all other meme coins in terms of price action.　　TRON　　TRON remains one of the most active blockchain networks, especially when it comes to transactions in stablecoins and DApps. The reason behind its popularity is due to its fast transactions and low fees, which have resulted in steady demand for TRX.　　Chainlink　　Chainlink is very important in linking blockchain technology with the outside world using oracles. With the growing adoption of DeFi and tokenized assets, the need for quality data feeds keeps growing. The growth of LINK is therefore pegged on the bigger web3 infrastructure.　　Hyperliquid　　Hyperliquid is becoming more well-known

05-07

CLARITY Act Set for Senate Markup Next Week as Yield Dispute Clears

Senate lawmakers are preparing to begin CLARITY Act markup as early as next week.Trump could sign the CLARITY Act before July 4 if Senate negotiations stay on track.Stablecoin yield compromise has reduced one major obstacle delaying the CLARITY Act.　　The Digital Asset Market CLARITY Act moved closer to Senate consideration as Senator Bernie Moreno said lawmakers plan to begin the bills markup process next week, while also indicating that President Donald Trump could sign the legislation before July 4.　　The comments came during the Solana Accelerate event, where Moreno outlined the latest progress surrounding the crypto market structure proposal and described ongoing efforts to consolidate multiple committee jurisdictions into a final legislative package.　　According to Moreno, the Senates passage of the GENIUS Act has helped clear the path for the next phase of digital asset legislation.　　Stablecoin Yield Dispute Moves Toward Resolution　　Moreno also stated that one of the major disagreements tied to the legislation has now been addressed. The dispute centered on stablecoin yield provisions and whether third-party platforms should be permitted to distribute returns generated from stablecoin balances.　　The compromise was reportedly led by Senators Thom Tillis and Angela Alsobrooks, helping negotiations move forward after months of delays. The issue had remained unresolved since

05-07

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