US ISM Services PMI eases to 53.6 in April

Economic activity in the US services sector lost some momentum in April, with the ISM Services PMI easing to 53.6 from 54 in the previous month, coming in below analysts expectations.  Further poll results found that the Prices Paid Index, a crucial barometer of inflation, held steady at 70.7, while the Employment Index rose to 48 from 45.2, indicating a modest improvement in labour market conditions in the services sector. Finally, the New Orders Index weakened to 53.5 from 60.6.  Market reaction  The Greenback navigates an inconclusive range following the release, with the US Dollar Index (DXY) alternating gains with losses in the 98.50-98.40 band.  GDP FAQs  A countrys Gross Domestic Product (GDP) measures the rate of growth of its economy over a given period of time, usually a quarter. The most reliable figures are those that compare GDP to the previous quarter e.g Q2 of 2023 vs Q1 of 2023, or to the same period in the previous year, e.g Q2 of 2023 vs Q2 of 2022.  Annualized quarterly GDP figures extrapolate the growth rate of the quarter as if it were constant for the rest of the year. These can be misleading, however, if temporary shocks impact growth in one quarter but are unlikely

05-05

Ondo Gains Institutional Backing Through DTCC Working Group Selection

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.  My parents are literally the backbone of my story. They‘ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.  I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.  When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.  Trust me, I‘ve had my share of experience with the ups and downs in the market but I never for once lost

05-05

Fiserv (FISV) Stock Plummets 7% Following Disappointing Q1 Revenue Decline

Fiserv shares declined approximately 7% following first-quarter 2026 earnings that revealed a 4% contraction in organic revenue alongside compressed margins in key divisions.While adjusted EPS of $1.79 exceeded the Street estimate of $1.57, GAAP earnings plunged 29% compared to the prior year.Full-year 2026 EPS guidance came in at $8.00–$8.30, essentially matching the $8.11 analyst consensus but signaling year-over-year earnings compression.Wall Street firms responded swiftly, with Morgan Stanley slashing its price target from $81 down to $64 and several other firms following suit.Shares currently trade near $62.81, significantly below the 12-month peak of $191.91, carrying a consensus “Hold” recommendation with an average price objective of $92.14.  Shares of Fiserv (FISV) tumbled roughly 7% this Tuesday following the release of first-quarter 2026 financial results that left investors questioning the companys growth trajectory. The payment technology provider opened trading at $62.81, marking a stark departure from its 52-week high of $191.91.  Fiserv, Inc., FI  The financial technology firm delivered adjusted earnings per share of $1.79, surpassing analyst expectations of $1.57 by a margin of $0.22. While this represents a technical beat, the positive headline failed to inspire confidence among market participants.  The quarters organic revenue declined 4%, affecting both primary operating segments—Merchant Solutions and Financial Solutions—and creating

05-05

Ethereum’s biggest staker has just become a public company with over $10 billion locked up

Bitmine has staked more than $10 billion in ETH, making it the largest corporate Ethereum treasury company and a yield-generating bet on the networks proof-of-stake economy.  On May 4, the Las Vegas-based company said its staked ETH position stood at 4.36 million tokens, valued at $10.2 billion at ETHs average price of $2,336.  The position represents more than 84% of BitMine‘s total ETH holdings and gives the company one of the largest visible corporate exposures to Ethereum’s validator system.  BitMine said it held 5.18 million ETH as of May 3, equal to about 4.29% of Ethereums total supply. The company also reported 200 Bitcoin, $700 million in cash, an investment in Beast Industries, and a stake in Eightco Holdings, bringing total crypto, cash, and “moonshot” holdings to $13.1 billion.  BitMine‘s Key Metrics (Source: BitMine)Ethereum’s treasury bet becomes a staking business  BitMine said its staking operations are generating annualized revenue of about $297 million, based on a seven-day annualized yield of 2.91%.  Chairman Thomas “Tom” Lee said projected annual staking rewards could reach $352 million once the companys ETH holdings are fully staked through MAVAN, its Made in America Validator Network, and other staking partners.  The disclosure shifts BitMines Ethereum strategy from a balance-sheet-accumulation move to a recurring-revenue

05-05

USD/CAD: Bearish bias holds below resistance – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is slightly firmer with USD/CAD holding near prior ranges. A softer US Dollar (USD) and firmer risk appetite are seen as mildly supportive for the CAD, while fair value has shifted lower toward 1.3424. Technicals remain bearish, with focus on a move back toward the 1.35 area.  CAD supported as fair value drops  “The CAD is edging a little firmer in early trade here but spot is holding close to yesterdays ranges. A somewhat softer USD and some potential firming in risk appetite should be mildly CAD-supportive in the short run”  “Broader factors continue to tilt positively for the CAD, driving our fair value estimate for spot lower to 1.3424 this morning. The USD remains close to 1 standard deviation above its equilibrium estimate which should help limit USD gains and maintain a mild downward bias on spot at least.”  “Bearish—Minor USD gains overnight topped out around 1.3625/30, former support (76.4% Fibonacci of the USDs March rally).”  “The sustained break under retracement support plus the bearish alignment of trend oscillators across the intraday, daily and weekly studies maintains our focus on the potential for USD losses to extend back to the early March

05-05

U.S. to review AI models from Microsoft, Google, xAI before public release

Microsoft, Google, and xAI have agreed to provide the U.S. government with early access to upcoming artificial intelligence models, allowing officials to examine potential national security risks before the systems are released to the public.Microsoft, Google, and xAI will provide U.S. authorities early access to new AI models for national security testing before public release.The Commerce Departments CAISI will evaluate model capabilities and risks, including potential misuse in cyberattacks, using versions with reduced safety guardrails.The move follows broader Pentagon efforts to expand AI partnerships, including new agreements to deploy advanced systems across classified military networks.  The arrangement will enable the Center for AI Standards and Innovation (CAISI), which operates under the United States Department of Commerce, to test these models in advance.  According to the agency, the process will include technical evaluations and research into how the systems perform, as well as the risks they may pose.  Recent advances in AI, including systems such as Anthropic Mythos, have intensified concerns in Washington and across corporate sectors. Officials and executives have warned that increasingly capable models could be misused, particularly in cyberattacks where automation may enhance the scale and speed of malicious activity.  Anthropic was not referenced in the latest announcement. The company has been

05-05

AUD/USD: RBA pause signal caps upside – BBH

Brown Brothers Harriman‘s (BBH) Elias Haddad reports that the Australian Dollar (AUD) fell after the Reserve Bank of Australia (RBA) delivered a widely expected 25 bps hike to 4.35% and signalled a data‑dependent pause. With trimmed mean inflation projected above target until mid‑2027 and growth downgraded, Haddad expects limited repricing of cash rate futures and sees AUD/USD struggling to sustain gains above 0.7200 despite Australia’s positive energy balance.  RBA hike but cautious outlook weighs  “RBA raised rates as expected and signaled a data-dependent pause. Governor Michele Bullock stressed ”One reason to increase interest rates was to give ourselves space now to sit and see what happens.“”  “The RBA voted 8-1 to deliver a third consecutive 25bps hike to 4.35%. Cash rate futures implied 80% odds of a hike today. According to the RBA ”inflation is likely to remain above target for some time and that the risks remain tilted to the upside, including to inflation expectations.“”  “Indeed, the RBA projects its policy-relevant trimmed mean inflation to remain above the banks 2-3% range until mid-2027 (vs. end-2026 previously), as fuel-related cost increases are passed through to consumer prices.”  “Market participants expect the cash rate to increase by 35bps to 4.70% by the end of 2026. We

05-05

Bank of Italy Flags Tokenized SEPA for EU Payments

EU may explore tokenized SEPA to align payments with digital finance trends and infrastructure shifts.Bank of Italy highlights trust and regulation as core to money despite tech-driven payment changes.ECB digital euro and tokenized SEPA seen as tools to maintain control amid private money growth.  The Bank of Italy has pointed out that the European Union may need to assess the development of a tokenized version of its existing payments framework, signaling a possible shift in how digital transactions are structured across the region.  The proposal centers on adapting the Single Euro Payments Area (SEPA) to align with ongoing technological changes, particularly as digital forms of money and distributed ledger systems become more prominent in financial infrastructure.  Speaking on the issue, Deputy Governor Chiara Scotti highlighted that innovation in financial systems is prompting renewed scrutiny of central banks roles in maintaining monetary stability. She noted that while emerging technologies enable faster and more programmable transactions, these features relate to how payments function rather than what gives money its value.  Scotti stated that trust remains the defining characteristic of money, supported by regulated institutions and regulatory frameworks. Her remarks raise concerns that technological advancements alone do not redefine monetary fundamentals, even as digital payment tools evolve.  Pressure

05-05

Top 6 decentralised exchanges of May 2026

IDEX occupies a unique space between centralized and decentralized exchanges. It uses a hybrid model that combines centralized speed with decentralized custody. Trades are matched off-chain for efficiency, but assets remain in users wallets until settlement. This approach allows for faster execution without sacrificing asset ownership.  By reducing common issues like transaction delays and on-chain failures, IDEX offers a smoother trading experience than many purely decentralized platforms. Still, the model comes with trade-offs: some users may question how decentralized it truly is, given its off-chain elements, and its token support remains limited to Ethereum and EVM-compatible assets. For traders who value faster transactions and fewer technical hurdles while maintaining custody of their funds, IDEX strikes a pragmatic balance.  Final thoughts  The decentralized exchanges have expanded past simple token swaps. From cross-chain interoperability to Bitcoin-powered DeFi, todays platforms offer a diverse set of tools tailored to different kinds of traders.  That said, no single platform suits everyone. Before committing to any exchange, its worth taking the time to explore how a platform aligns with your needs, technical comfort, and risk tolerance.

05-05

Shiba Inus Shibarium Fees Near $0, Whats Happening on Network?

Shiba Inus layer 2 blockchain, Shibarium, has seen a quiet 24-hour period with transaction activity and network fees at relatively low levels.  In the past day, the Shibarium network had a total of 1,002 transactions, generating $0.0017 in total transaction fees according to a recent tweet by Shibariumnet. Low transaction counts and near-zero fee generation suggest that activity is present but not yet translating into meaningful economic throughput.  Network fees for Shibarium came in at 0.03 BONE, a meager $0.0017 in the last 24 hours, the tweet indicated. As seen on Shibariumscan, recent transactions had the label “Value 0 BONE,” indicating they were not direct wallet transfers. Most of the transactions are system-level, representing automated contract calls that support Shibariums new infrastructure.  You Might Also Like  XRPs $2 Dream: Why History Points to a Massive 45% Breakout This May; Dogecoin Matches $1.1 Billion Bitcoin Milestone for Free; Binance Announces Mass Delisting of BTC, BNB, and ETH Pairs – Morning Crypto Report  Bitwise Advisor: Bitcoin Set to Explode if It Hits $82K  This comes as the Shibarium explorer seeks to normalize its data after a network reset. Shibarium re-indexed its entire chain in order to improve network capacity.  As reported, Shiba Inu layer 2 Shibarium saw a decline

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