DJI Elliott Wave forecast: Rolling over

The rally from March 30 to May 1 formed a clear Elliott wave impulse pattern. This signals that a multi-week correction may have begun from 49,988.  The first leg lower of the correction trended to 48,913 shaping wave (a) or (i). Now, the rally up to todays high is a portion of wave (b) or (ii). There is a small price gap that the current rally may try to jump up and fill. These gaps can act like magnets and eventual resistance in a downtrend.  The gap is carved between 49,441 – 49,497. Therefore, DJI may top in that price range, then begin to dig lower in wave (c ) or (iii). The downside targets range is 47,758 – 48,409 with even lower levels possible.  Embedded within this target price range is the 38% Fibonacci retracement level. It is likely the market will have a bullish reaction in this zone. Then well reassess how mature the downtrend is.  Bottom Line  The DJI appears to have completed its first bearish wave lower with another secondary leg down just around the corner. DJI may rally to fill the gap between 49,441 – 49,497 and create a secondary high.  Once the next leg lower begins, we forecast it will

05-06

Gold edges higher above $4,550 on fragile US–Iran ceasefire

Finance  Gold edges higher above $4,550 on fragile US–Iran ceasefire  Gold price (XAU/USD) trades in positive territory near $4,575 during the early Asian session on Wednesday. The precious metal edges higher as markets weigh developments in the Iran war. Traders will keep an eye on the US ADP Employment Change report, which is due later on Wednesday.  US Defense Secretary Pete Hegseth said on Tuesday that the ceasefire with Iran was not over, even as the US and Iran exchanged fire in the Gulf as they wrestled for control of the Strait of Hormuz. The US Dollar (USD) softens following this headline, which provides some support to the USD-denominated commodity price.  However, uncertainty in the Middle East remains high after a day of clashes involving ships in the Strait of Hormuz and missile strikes against the United Arab Emirates (UAE). The UAE stated on Tuesday that its responding to missile and drone threats, having intercepted almost all of roughly 20 projectiles fired from Iran the previous day. The ongoing US-Iran conflict in the Strait of Hormuz might cap the upside for Gold.  Traders will closely monitor the US employment data for April later on Friday. This report could influence interest rate expectations and golds next

05-06

BeInCrypto Institutional Research: 15 Firms Leading Digital Asset Adoption

Digital asset adoption is now moving through banks, asset managers, custodians, tokenization platforms, and crypto-native institutional arms. Leader in Digital Asset Adoption is an award category within The BeInCrypto Institutional 100, an annual research-driven program recognizing institutional digital asset excellence across 26 categories and six pillars.   This category sits in Pillar 3: Adoption 15 advanced to the long listScoring: 30% quantitative data · 50% Expert Council · 20% disclosed company dataCriteria assessed: Strategic commitment, products launched, capital deployed, organizational investment, industry signal, forward momentumData sources: SEC 13F filings, OCC approvals, MiCA-CASP authorizations, FCA, FINMA, MAS, BaFin, JFSA disclosures, audited reports, company releases, PitchBook, Tracxn, and Crunchbase#FirmAdoption Sub-SegmentHQReachTop Licensure / Live ProductRepresentative Work1JPMorgan ChaseBank-led tokenizationNew York, USA$4T+ assetsJPMD live on BaseOCC-regulated national bankJPMD USD deposit tokenHired Oliver Harris to lead KinexysKinexys Fund Flow live with private bank partners2BlackRockAsset manager adoptionNew York, USA$12.5T+ AUMIBIT 800K+ BTC; BUIDL $2.85BIBIT, ETHA, ETHBBUIDL tokenized money market fundETHB staked Ether ETF launched Mar 2026IBIT became a major institutional Bitcoin vehicle3Goldman SachsTokenization platformNew York, USA$3.1T AUMGS DAP live on CantonSEC and FINRA registeredGS DAP institutional DLT platformTokenized MMF platform launched with BNYGS DAP planned industry-owned spinout4BNYCrypto custodyNew York, USA$55.8T AUC/A$2.5T daily paymentsOCC-regulated bankLive BTC and ETH custodyCo-custodian

05-06

Strategy Misses Wall Street Estimates By Huge Margin In Q1 Earnings Report

Tech  Strategy Misses Wall Street Estimates By Huge Margin In Q1 Earnings Report  Strategy Inc. (NASDAQ:MSTR) reported a sharp earnings miss in the first quarter earnings report for 2026 after the market closed on Tuesday. The weak earnings were attributed to its Bitcoin losses, which were way beyond what analysts expected.  Strategy Announces Q1 Earnings Results  Strategy reported a loss per share of $38.25 on a diluted basis in the quarter ended March 2026 quarter. The figure was significantly worse than the Wall Street consensus estimate of a loss per share of 3.41.  The earnings miss was mainly caused by a huge unrealized loss on digital assets. Strategy announced that it had recorded a markdown of $14.46 billion on its Bitcoin holdings in the quarter, pushing the total net loss to $12.54 billion. The company had reported a much smaller net loss of $4.22 billion a year later.  The losses come as Bitcoin price plunged nearly 30% in the first quarter after the U.S.-Iran war weighed on the markets. However, the BTC price has since recovered well above the $81,000 level. This rebound has pushed Strategys BTC gains to $5.1 billion in the year-to-date timeframe.  Meanwhile, the quarterly revenue stood at 124.3 million, slightly under the expectation

05-06

Ethereum Withdrawals From Exchanges Just Hit An 8-Month Low: Find Out What Investors Are Waiting For

Ethereum is holding above $2,300 as the market builds toward what feels like a decisive move in either direction. The price is constructive but unresolved, and an Arab Chain report has just surfaced a shift in accumulation behavior that adds a layer of structural context to the current setup that the price chart alone does not capture.  The pace of Ethereum withdrawals from exchanges slowed significantly in April, reaching their lowest level since September 2024. Across all exchanges, approximately 19.8 million ETH was withdrawn during the month — a figure that looks substantial in isolation but represents a clear deceleration compared to the withdrawal pace recorded in previous months. Binance accounted for the largest share at approximately 7.09 million ETH, followed by OKX at 2.4 million, Coinbase Prime at 1.62 million, and Kraken at approximately 557,000 ETH.  The recovery has produced a sequence of higher lows since the February bottom, indicating improving short-term structure. However, price remains compressed beneath the 50-week and 100-week moving averages, both of which are flattening and acting as dynamic resistance in the $2,500–$2,800 range. Until Ethereum clears that cluster, the market remains in a transitional phase between recovery and continuation of the broader range.  The 200-week moving average,

05-06

Crypto’s Biggest Bill is Running Out of Time, Ripple CEO Explains Why

Ripple CEO Brad Garlinghouse has said the next two weeks could determine whether broad U.S. crypto legislation has a realistic path to becoming law before the political calendar becomes harder to manage.  Speaking at Consensus Miami, Garlinghouse the Senate Banking Committee needs to move forward with a markup soon. He warned that if the committee does not act in the coming weeks, the chances of passing a market structure bill could fall sharply.  The legislation, commonly tied to the CLARITY Act framework, aims to create federal rules for digital assets and divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.  US Senate Timeline Becomes Critical  The House passed its version of the crypto market structure bill last year, but the Senate process has moved more slowly. A bill must advance through both the Senate Agriculture Committee and the Senate Banking Committee before reaching the full Senate.  The Agriculture Committee has already moved its version forward. The Banking Committee has faced delays, including disagreements over stablecoin rewards, conflicts of interest, and illicit finance rules.  A between Sens. Angela Alsobrooks and Thom Tillis on stablecoin rewards could clear one major obstacle. However, Garlinghouse said time remains the main challenge as the November midterm

05-06

New Zealand’s Unemployment Rate falls to 5.3% in Q1 vs. 5.4% expected

New Zealands Unemployment Rate fell to 5.3% in the first quarter (Q1) of 2026 from 5.4% in the fourth quarter of 2025, according to the official data released by Statistics New Zealand on Wednesday. The figure came in below the market consensus of 5.4%.  Furthermore, New Zealands Employment Change arrived at 0.2% in Q1, down from 0.5% in Q4, compared with the consensus forecast of 0.3%. The participation rate in New Zealand decreased to 70.4% in Q1, compared to 70.5% in the previous reading.  Market reaction to the New Zealands employment data  At the time of writing, the NZD/USD pair is trading 0.32% higher on the day to trade at 0.5890.  Employment FAQs  Labor market conditions are a key element to assess the health of an economy and thus a key driver for currency valuation. High employment, or low unemployment, has positive implications for consumer spending and thus economic growth, boosting the value of the local currency. Moreover, a very tight labor market – a situation in which there is a shortage of workers to fill open positions – can also have implications on inflation levels and thus monetary policy as low labor supply and high demand leads to higher wages.  The pace at which salaries

05-06

Evernorth Adds Ripple CLO to Board Before Nasdaq Debut

Evernorth appointed four new directors as it advances its planned Nasdaq listing in the United States.Stuart Alderoty, Ripples Chief Legal Officer, joined the board to strengthen regulatory oversight.Robert Kaiden, CFO of the OpenAI Foundation, will support financial reporting and transparency.Ted Janus brings over three decades of institutional investing experience to guide treasury management.Derar Islim adds operational expertise from his leadership roles at Genesis Global Trading.  Evernorth advanced its U.S. listing plans after appointing four directors to its board. The company confirmed the additions as it progresses toward a Nasdaq listing. It also expanded its executive team and advanced its SEC registration process.  Evernorth Expands Board Ahead of Nasdaq  Evernorth confirmed it will appoint four directors after completing its merger with Armada Acquisition Corp. II. The company stated that the move supports its planned Nasdaq listing. It said the board expansion strengthens governance and operational oversight.  Stuart Alderoty, Chief Legal Officer at Ripple, will join the board. He previously held senior legal roles at CIT and HSBC North America. Evernorth said his regulatory experience will guide compliance efforts.  Robert Kaiden, Chief Financial Officer of the OpenAI Foundation, will also join the board. He earlier served as Twitters Chief Accounting Officer and worked as an audit partner

05-06

Kelp Blames LayerZero for $292 Million Hack, Plans Switch to Chainlink

Kelp says LayerZero approved the setup tied to a $292 million exploit, which LayerZero disputes.The protocol is redesigning its cross-chain system after the hack.A U.S. court fight over $71 million in frozen funds could shape DeFi recovery rules.  KelpDAO is blaming LayerZero for a $292 million exploit and plans to relaunch with a redesigned cross-chain system on Chainlink, the group announced on X on Tuesday.  “From the April 18 incident, it is clear that LayerZeros own infrastructure was exploited, resulting in $300M in losses across DeFi,” Kelp DAO wrote on X. “Independent reports from SEAL 911, Chainalysis, and other major leading security researchers all point to the same origin.”  In April, an attack drained about 116,500 rsETH—an Ethereum-based staking token—from a cross-chain bridge used by Kelp, a protocol that lets users stake Ethereum and move tokens between blockchains. The exploit has been linked to North Koreas Lazarus Group.  In a separate post on X, Kelp said LayerZero personnel approved the configuration tied to the exploit and did not warn that it posed a security risk. The setup, known as a 1-of-1 verifier, relies on a single entity to validate cross-chain transactions.  Kelp said the attack stemmed from a breach of LayerZero‘s infrastructure, where attackers compromised

05-06

Avalanche (AVAX) Price Prediction: AVAX Eyes $10.80 Breakout as Price Holds Key $9 Support Zone

Avalanche (AVAX) is holding firm above the key $9 support zone as improving price structure and network efficiency keep traders focused on a potential breakout towards $10.80.  AVAX price is starting to show signs of controlled recovery after weeks of weak price action. According to Brave New Coin, Avalanches current price is $9.27, up 0.54% in the last 24 hours, with a market cap of nearly $4.00 billion.  AVAX Price Finds Buyers Near the $9 Zone  AVAX price is showing a modest recovery after defending the lower end of its daily range. According to Brave New Coin, AVAX is trading around $9.27, up 0.54% over the past 24 hours, after rebounding from an intraday low near $9.05.  The move is not yet a major breakout, but it does show that buyers are still responding around the $9.00–$9.10 area. For now, this zone remains the first support to watch, while a stronger push above $9.50 would be needed to confirm improving short-term momentum.  AVAX and RSI Approach Breakout Structure  The technical setup shared by ShangoTrades shows AVAX price and RSI moving within similar tightening structures. Price is forming a compression pattern, while RSI is also pushing against its own descending resistance, which often appears before a momentum

05-06
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