Oversold Crypto Meets Rising AI Boom, Market Split Widens

Crypto markets are currently sending mixed signals, with prices struggling to find direction while economic indicators point in different directions. On X, analyst Dan Gambardello said, “Crypto is oversold and coiled while AI productivity is surging to record levels,” linking recent weakness in digital assets to wider economic shifts driven by artificial intelligence and strong earnings from major technology companies.  He added, “All scenarios are on the table for bulls and bears alike,” noting that heavily sold-down altcoin markets could still rebound if broader market conditions improve. He pointed to strong performance in large technology firms as a sign that productivity in the economy may be improving, which could eventually influence risk assets like crypto.  However, he also warned that timing is unclear. He noted that crypto markets often remain disconnected from broader economic trends for long periods, even when those trends are strengthening.  AI Boom Meets Oversold Crypto Setup  Gambardello pointed to strong earnings from major technology companies, saying they suggest a broader shift in economic activity. He highlighted cloud growth at firms like Microsoft and Google as signs that demand tied to advanced computing and data services is increasing. He added that this momentum in large tech companies could eventually spill over

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Gemini Exchange Bags Major CFTC License For Derivatives Trading

Cryptocurrency exchange Gemini has taken another major step in the US regulatory. The Commodity Futures Trading Commission (CFTC) authorized Gemini to operate as a Derivatives Clearing Organization (DCO). The exchange now wants to expand its footprint in the area of derivatives and prediction markets.  Gemini Exchange Gets Key CFTC License  The approval allows Gemini exchange to clear trades associated with derivatives products, such as prediction markets, in-house rather than through clearinghouses. This allows it to manage the settlement and risk of the trades and products it offers, rather than relying on a clearing house.  It also allows the exchange to expand its offerings to derivatives futures trading products. Co-founder Cameron Winklevoss wrote, “We are excited to announce that Gemini has received a Derivatives Clearing Organization (DCO) license from the CFTC. This license allows us to act as a clearinghouse for regulated derivatives trading, including prediction markets.”  The licence comes on top of previous advances in Geminis regulatory journey. The crypto exchange has previously received approval to operate a Designated Contract Market. This enabling it to launch its prediction platform. With the DCO approval, Gemini exchange can now clear trades made on that platform through its own platform.  Winklevoss added, “Gemini now has a full-stack, end-to-end

05-01

Wasabi Protocol Hack: 5M$ Cross-Chain Attack

DeFi derivatives platform Wasabi Protocol suffered a cross-chain attack, with hackers stealing assets worth more than 5 million dollars. PeckShield confirmed that the incident spread across Ethereum, Base, Berachain, and BLAST detailed analysis networks. According to Blockaid and CertiK, the attacker infiltrated Wasabi‘s deployer wallet with a compromised admin key, upgraded core systems, and drained the funds. As a result, liquidity pools from LongPool, ShortPool, and Vault contracts were targeted. The attacker’s Tornado Cash-linked accounts gained access to admin roles.  Stolen Assets and Hackers Traces  Security firms PeckShield, Blockaid, CertiK, BlockSec, and Cyvers reported the attacks traces in detail. Cyvers noted that the hacker withdrew assets like WETH, PEPE, MOG, USDC, ZYN, REKT, cbBTC, AERO, and VIRTUAL, converted them to ETH, bridged to Ethereum, and distributed them to various addresses. Blockaid emphasized that all Wasabi/Spicy LP-share tokens are at risk; underlying assets have been drained or still pose a danger.WETH and USDC: Main liquidity sourcesPEPE, MOG: Meme coin poolsOthers: ZYN, REKT, cbBTC  Affected Protocols and User Warnings  Virtuals Protocol announced that its own security remains intact while freezing Wasabi-backed margin deposits as a precaution. The Wasabi team announced on X that they have initiated an investigation and advised users to avoid interacting with contracts.

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Russia circumvents foreign trade restrictions with the help of cryptocurrency

Powerful Russian businessmen and state-run banking institutions have been profiting from schemes designed to evade Western sanctions, according to a new investigation into Moscows “shadow financial system.”  Russia has deployed a multi-billion-dollar network for cross-border money transfers, often using cryptocurrency, that has allowed it to import almost anything it needs, from iPhones to drones, the authors have found.  Heres how the system works  Russias isolation from global finances, achieved by measures like its disconnection from SWIFT, has actually benefitted oligarchs like Roman Abramovich, state-owned sanctioned banks such as PSB, and people connected to the Federal Security Service (FSB).  The findings were made public through a new report produced by the independent investigative media outlet Proekt, long labeled as an “undesirable organization” in the Russian Federation, based on financial documents obtained from key players in the payments market.  The study sheds light on how Russias parallel banking system functions, allowing it to circumvent financial restrictions and continue to register around $2 billion in foreign trade daily.  A significant portion of this massive volume passes through Moscow City, the international business center in the heart of the Russian capital, the researchers note.  The services of payment processors with offices there, such as SpectrePay or VD Technolab, enjoy significant demand

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Global Settlement Network Deploys Onchain Compliance Layer on Canton for Institutions – Bitcoin News

Global Settlement Network joins Canton Network as a Validator on April 30, 2026, deploying GSX ID to streamline onchain compliance.GSX ID enables institutions to verify KYC, AML, and investor qualifications once, reducing duplicated processes across Cantons tokenized asset network.Texture Capital, Black Manta Capital Partners, and Particula expand GSX IDs reach into U.S. and European compliant distribution by Q2 2026.  Canton Network Adds GSX ID to Let Institutions Verify KYC Once Across Tokenized Assets  The Canton Network supports trillions in tokenized assets and connects major financial institutions across global markets. By joining as a Validator, Global Settlement Network (GSN) contributes directly to the networks infrastructure and gains a stake in how the system operates going forward.  GSX ID is now live within the Canton ecosystem, according to the announcement shared with Bitcoin.com News. The platform allows institutions to issue and carry verifiable compliance credentials onchain, covering KYC and AML verification, KYB onboarding, bad-actor screening, and investor qualification requirements. Once a participant clears verification, that status carries across applications running within Canton without repeating the process.  The core problem GSX ID addresses is duplication. Institutions operating across multiple counterparties today run the same compliance checks every time they transact. That friction slows deal flow and raises

05-01

Ethereum applications guild launches to boost App ecosystem

The Ethereum Applications Guild launches as a global non-profit to fund, coordinate, and grow Ethereums app layer using membership fees and ETH staking yield.The Ethereum Applications Guild (EAG) establishes as a global non-profit to drive Ethereums shift to application layer development.EAG introduces membership fees based on institutional scale and ETH staking yield donations for sustainable funding.2026 Global Applications and Developers Program targets emerging regions with education, hackathons, and community building.  The Ethereum Applications Guild (EAG) announced its official launch on April 30, 2026, as a global non-profit organization dedicated to advancing Ethereum-native applications with real-world impact.  This initiative, led by ecosystem stakeholders worldwide, aims to transition Ethereum from infrastructure maturity to vibrant application deployment through four core directions: accelerating real-world apps, connecting builder networks, creating unified evaluation frameworks, and securing sustainable funding. EAG‘s formation responds to the ecosystem’s need for coordinated growth amid Ethereums price hovering around $2,260.  Membership operates on contributions scaled to institutional size, such as valuation, market cap, or assets under management (AUM), funneling funds into an ecological growth pool. A key mechanism donates portions of ETH staking yields—via partnerships like HashKey Cloud—directly supporting developers. “EAG connects builders, institutions, and ecosystem stakeholders to foster the sustainable growth and broader reach

05-01

Gemini Exchange Bags Major CFTC License For Derivatives Trading

Cryptocurrency exchange Gemini has taken another major step in the US regulatory. The Commodity Futures Trading Commission (CFTC) authorized Gemini to operate as a Derivatives Clearing Organization (DCO). The exchange now wants to expand its footprint in the area of derivatives and prediction markets.  Gemini Exchange Gets Key CFTC License  The approval allows Gemini exchange to clear trades associated with derivatives products, such as prediction markets, in-house rather than through clearinghouses. This allows it to manage the settlement and risk of the trades and products it offers, rather than relying on a clearing house.  It also allows the exchange to expand its offerings to derivatives futures trading products. Co-founder Cameron Winklevoss wrote, “We are excited to announce that Gemini has received a Derivatives Clearing Organization (DCO) license from the CFTC. This license allows us to act as a clearinghouse for regulated derivatives trading, including prediction markets.”  The licence comes on top of previous advances in Geminis regulatory journey. The crypto exchange has previously received approval to operate a Designated Contract Market. This enabling it to launch its prediction platform. With the DCO approval, Gemini exchange can now clear trades made on that platform through its own platform.  Winklevoss added, “Gemini now has a full-stack, end-to-end

05-01

Franklin Templeton issues Bitcoin price prediction for 2026

As the Bitcoin (BTC) price continues to signal near-term selling pressure, a $1.68 trillion asset manager, Franklin Templeton, has issued a bold bullish prediction for 2026.  Christopher Jensen, the director of Digital Asset Research at Franklin Templeton Digital Assets (FTDA), stated that the firms base case is for BTC price to return above $100,000 in 2026. During the interview with on Thursday, April 30, Jensen explained that there is a path for the flagship coin to reclaim its 200-day Moving Average (MA) before rallying back above $100,000.  He added that Franklin Templeton is not among those predicting $1 million per BTC in 12 months. As such, Jensen highlighted that BTC price path above $100,000 could be characterized by high volatility and choppy consolidations.  “Everything is kind of probability weighted. But if we are talking about our base case, you know, I think we think were back above the $100,000 mark, which is kinda the key threshold,” Jensen stated.  Meanwhile, the asset managers representative said that Bitcoin and the broader crypto market remain trapped in a macro bear market. Moreover, BTC price has been forming lower lows and lower highs since it hit its all-time high (ATH) at around $126,198 seven months ago.  Why is Franklin

05-01

Wasabi Protocol Hack: 5M$ Cross-Chain Attack

DeFi derivatives platform Wasabi Protocol suffered a cross-chain attack, with hackers stealing assets worth more than 5 million dollars. PeckShield confirmed that the incident spread across Ethereum, Base, Berachain, and BLAST detailed analysis networks. According to Blockaid and CertiK, the attacker infiltrated Wasabi‘s deployer wallet with a compromised admin key, upgraded core systems, and drained the funds. As a result, liquidity pools from LongPool, ShortPool, and Vault contracts were targeted. The attacker’s Tornado Cash-linked accounts gained access to admin roles.  Stolen Assets and Hackers Traces  Security firms PeckShield, Blockaid, CertiK, BlockSec, and Cyvers reported the attacks traces in detail. Cyvers noted that the hacker withdrew assets like WETH, PEPE, MOG, USDC, ZYN, REKT, cbBTC, AERO, and VIRTUAL, converted them to ETH, bridged to Ethereum, and distributed them to various addresses. Blockaid emphasized that all Wasabi/Spicy LP-share tokens are at risk; underlying assets have been drained or still pose a danger.WETH and USDC: Main liquidity sourcesPEPE, MOG: Meme coin poolsOthers: ZYN, REKT, cbBTC  Affected Protocols and User Warnings  Virtuals Protocol announced that its own security remains intact while freezing Wasabi-backed margin deposits as a precaution. The Wasabi team announced on X that they have initiated an investigation and advised users to avoid interacting with contracts.

05-01

3rd Edition Reaches 75% Sold Out, Signaling Strong Demand Across LATAM

BOGOTÁ, COLOMBIA – Momentum is building rapidly for Money Expo Colombia 2026, as the event‘s 3rd edition is already 75% sold out ahead of its scheduled dates on 24–25 June 2026 at Agora Bogotá, Centro de Convenciones—highlighting a surge in demand from global brokers, fintech firms, and trading brands looking to secure their position in Latin America’s evolving financial market.  Following two successful editions, the event returns larger and more competitive, with early sponsors moving quickly to lock in premium placements. The region‘s most active participants—brokers, IB networks, fintech providers, and Online trading communities—won’t just attend. They will choose who they trust, partner with, and scale alongside for the next phase of growth.  As availability continues to shrink, the dynamic of the event is evolving. With 75% of the exhibition floor already secured, remaining sponsors are competing not just for participation, but for strategic positioning within the venue—a factor that directly influences visibility, engagement, and deal flow during the event.  Money Expo Colombia is designed to deliver measurable ROI for sponsors, offering:Direct access to traders, IBs, and affiliates ready to partnerOn-ground deal-making opportunities with brokers and liquidity providersBrand positioning as a market leader in LATAMLive engagement that accelerates conversion cycles  This is not just

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