Gold recovers from monthly low as USD consolidates post-Fed gains

Gold is likely to attract fresh sellers at higher levels amid a bearish technical setup  Against the backdrop of the recent failure to find acceptance above the 200-period Simple Moving Average (SMA) on the 4-hour chart, the overnight break below the 38.2% Fibonacci retracement level of the March-April upswing favors the XAU/USD bears.  Moreover, momentum indicators remain fragile, with the Relative Strength Index (RSI) hovering near 38 and the Moving Average Convergence Divergence (MACD) line still in negative territory. This, in turn, suggests that recovery attempts could struggle while the Gold price stays capped beneath these overhead levels.  On the downside, immediate support is seen at the 50.0% retracement region around $4,494.59, ahead of the deeper Fibonacci floors at $4,401.36 and $4,268.64, with the latter levels marking a broader corrective cushion if selling pressure resumes.  (The technical analysis of this story was written with the help of an AI tool.)  Gold FAQs  Gold has played a key role in human‘s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times.

04-30

Canada Weighs Nationwide Crypto ATM Ban to Fight Fraud

Market NewsThe idea is in response to the growing number of reports from regulators and law enforcement agencies about the use of cryptocurrency ATMs in fraud schemes.The devices were characterized by officials as a “primary method” for victim fraud and the laundering of criminal monies.  Canada is considering banning cryptocurrency ATMs as part of a larger effort to combat fraud and money laundering. The country is concerned that these machines have become an essential tool for scammers.  The Liberal governments Spring Economic Update, which was issued on Tuesday, includes a provision that would ban cryptocurrency ATMs throughout the country. The devices were characterized by officials as a “primary method” for victim fraud and the laundering of criminal monies.  Cracking Down on Illicit Transactions  The Canadian government has announced its intention to outlaw these machines in full in order to safeguard its citizens by eliminating a vulnerable point where con artists may deceive unsuspecting victims and hide the money they have made from their illicit activities.  Even though it seems like a regular ATM, a crypto ATM really withdraws funds from your bank account in a completely different way. Bypassing conventional banking systems, these machines let customers to transform fiat currency into digital currencies like bitcoin,

04-30

DOGE Price Prediction: Rally to $0.14 Before June Crash to $0.08

Dogecoin sits trapped in a squeeze pattern at the $0.10 level after testing this resistance four times since January. The meme coins recent 2.85% daily gain creates false hope while masking deeper structural problems. Trading 23% below its 200-day moving average at $0.13, DOGE remains in a clear downtrend despite three months of sideways consolidation.  The current rally shows weak foundations. Retail traders maintain aggressive long positions with a 1.92 ratio, but open interest tells a different story entirely. OI dropped 4.4% in 24 hours to $311 million, revealing smart money quietly exiting during this bounce. The analysts at Blockchain.news recognize this pattern as typical distribution behavior before major corrections in meme tokens.  Technical Setup Points to Final Trap  The indicators paint a picture of momentum exhaustion disguised as strength. DOGEs RSI hovers at 64.78 in neutral territory, but the real warning comes from the MACD histogram sitting dead at zero. When a cryptocurrency breaks above moving averages yet fails to generate positive MACD momentum, it signals underlying weakness rather than strength.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full DOGE price, calculator & analysis  DOGEs position at the upper Bollinger Band compounds this concern.

04-30

Pound Sterling flat vs USD as BoE decision and US PCE data loom

The GBP/USD pair struggles to capitalize on a modest Asian session uptick to the 1.3500 neighborhood, though it holds above the 100-day Simple Moving Average (SMA). Spot prices currently trade around the 1.3475-1.3480 region, nearly unchanged for the day, as traders look forward to the Bank of England (BoE) event and the US inflation data for a fresh impetus.  The UK central bank is scheduled to announce its policy decision later today and is expected to keep interest rates on hold. The current market pricing, however, points to a greater possibility of two rate hikes in 2026 amid inflation risks stemming from the war-driven surge in energy prices. Hence, the focus will be on the accompanying policy statement and the post-meeting press conference, where comments from BoE Governor Andrew Bailey will be scrutinized for cues about the interest rate path. The outlook, in turn, will play a key role in influencing the British Pound (GBP).  Traders will further take cues from the US Personal Consumption Expenditures (PCE) Price Index, which should further provide some meaningful impetus to the GBP/USD pair later today. In the meantime, the US Federal Reserve‘s (Fed) hawkish tilt, along with the US-Iran stalemate, might continue to act as

04-30

Iran holds pro-government rallies amid regime stability concerns

Pro-government rallies are ongoing across Iran as the regime projects stability amid conflict. The likelihood of the Iranian regime falling by April 30 sits at 0.1% YES, unchanged from yesterday.  The Iranian government appears to be holding firm despite international tensions and internal unrest. The market for Reza Pahlavi entering Iran by June 30 remains muted, consistent with a perception of regime stability. Pro-government rallies suggest a consolidated regime, dampening prospects for Pahlavis return. The odds for the regime falling by June 30 are at 7.5% YES, meaning traders expect the government to survive beyond the immediate term.  Trading volume in these markets: the Iranian regime fall market has $4,469,849 in daily face value but only $23,056 in actual USDC traded. It takes $4,529 to move the price 5 percentage points, a relatively stable market. The gap between face value and actual USDC figures means only moderate capital backs these trades. The largest single movement in the past 24 hours was negligible, showing little trader conviction for a significant shift.  The rallies reinforce the regimes position, effectively countering any narrative of imminent collapse. With no significant defections from the IRGC or disarray in leadership, the current odds seem justified. Buying YES at 8¢

04-30

JPMorgan hires former Goldman Sachs exec for Kinexys. Here is why he believes tokenization is only half the battle

JPMorgan has hired former Goldman Sachs crypto executive Oliver Harris to lead its blockchain division Kinexys, marking a return to the bank as it expands its digital asset strategy.  Harris previously worked at both JPMorgan and Goldman Sachs on early blockchain and tokenization efforts before launching Arda, a startup aimed at making real estate assets programmable. His appointment comes as large banks invest more heavily in blockchain systems that aim to speed up settlement and reshape how assets move across markets.  Yet Harris has in the past struck a cautious tone on one of the industrys central ideas. “Tokenization does not equal liquidity,” he said during a panel at Consensus Toronto last year, pushing back on the notion that putting assets onchain automatically makes them easier to trade.  Instead, he has argued that deeper structural changes are needed. In the same discussion, Harris pointed to the importance of building a unified system for moving value. “I get more interested about global settlement layer, where you can merge money, assets and data onto one software platform,” he said.  That approach shifts the focus from simply digitizing assets to reworking the infrastructure behind them. Harris described a future where legacy financial systems are replaced or streamlined

04-30

Polymarket Denies Alleged Data Breach Amid Dark Web Leak Claims

Tech  Polymarket Denies Alleged Data Breach Amid Dark Web Leak ClaimsOne may obtain the data for free using its APIs instead of paying for it, the prediction market platform stated.The hacker group xorcat said in their post that they had obtained over 300,000 data, 10,000 of which were user profiles complete with usernames, photos, base addresses, and proxy wallets.  There have been rumors circulating that a hacker on the dark web leaked what they said was a treasure mine of confidential user information from Prediction markets platform Polymarket, but the company has disputed the claims.  On Tuesday, numerous X accounts that monitor the dark web—including cybersecurity firm Vecert Analyzer—shared pictures from DarkForums showing a hacker posing as “xorcat” and claiming to have compromised Polymarket.  Data Already Accessible Onchain  The hacker group xorcat said in their post that they had obtained over 300,000 data, 10,000 of which were user profiles complete with usernames, photos, base addresses, and proxy wallets. Polymarket condemned the data breach allegations as “complete and utter nonsense” and said that the hackers provided information is already accessible online.  Many in the cryptocurrency field were on high alert in April after a dramatic increase in breaches and attacks using cryptocurrency. Web3 projects lost $482 million

04-30

Brazil Senate rejects Lulas Supreme Court nominee, impacting 2026 election strategy

Bitcoin Ethereum News  Brazil‘s Senate rejected President Luiz Inácio Lula da Silva’s nominee for the Supreme Court, a direct setback for his administration ahead of the 2026 presidential election. The market for Tarcísio de Freitas winning the 2026 Brazilian presidential race has not yet updated with new odds.  Market reaction  The market for Tarcísio de Freitas‘ potential victory is currently inactive, with no significant volume or price moves recorded. Traders appear to still be processing the implications of the Senate vote. The rejection weakens Lula’s hand in shaping the judiciary, which in Brazilian politics frequently decides major constitutional and policy disputes.  Why it matters  The failed nomination exposes cracks in Lulas Senate coalition with the October 2026 election approaching. The Supreme Court in Brazil rules on everything from electoral disputes to economic policy, so losing a seat appointment is not just symbolic. If Lula cannot hold his coalition together on judicial nominations, his ability to pass legislation and project strength as a candidate comes into question. Opposition figures like Tarcísio de Freitas benefit directly from that perception of weakness.  What to watch  A potential 15% movement in Tarcísio de Freitas‘ odds would represent a meaningful recalibration for traders. Key signals to monitor: whether Lula attempts another nominee

04-30

Meta (META) starts stablecoin payout to creators in Circles USDC on Polygon, Solana via Stripe

Meta (META), the social media giant behind Facebook and Instagram, has started to offer stablecoin payout to creators, signaling a return to crypto-powered payments years after shelving its Libra project.  The feature is currently available to a limited group of creators in Colombia and the Philippines, according to a Meta website. Eligible users can link a crypto wallet and receive payouts in Circles USDC token on the Solana or Polygon blockchain networks.  The service is supported by payments firm Stripe, which will provide crypto-related reporting for users. Creators may receive tax documents from both Meta and Stripe tied to their earnings and digital asset transactions. A Stripe spokesperson confirmed the companys involvement to CoinDesk.  “Businesses can now send stablecoin payouts directly to customers using Link,” said Jay Shah, head of Link at Stripe, referring to the company‘s customer checkout service. “We’re already partnering with Meta so their creators can receive stablecoins in their Link wallets in countries like the Philippines and Colombia.”  The news comes after Meta sought the help of third-party vendors to administer stablecoin payments on its platforms, with Stripe among the leading contenders for the integration, CoinDesk reported in February.  The move puts Meta, with over 3 billion users across its social

04-30

Robinhood Stock Slides After Crypto Trading Slump Hits Q1 Earnings

Crypto  Robinhood Stock Slides After Crypto Trading Slump Hits Q1 EarningsRobinhood saw a 47% year-on-year decline in crypto transaction revenue, going from $252 million to $134 million.Vladimir Tenev, CEO of Robinhood, said that market fluctuations were to blame for the decline in crypto revenue and trading volume.  As a result of missing analyst expectations for Q1 revenue and a roughly 50% decline in crypto income and trading volume compared to a year ago, Robinhoods stock dropped 9.4% in after-hours trading.  Based on the companys Q1 financial report, which was released on Tuesday, Robinhood saw a 47% year-on-year decline in crypto transaction revenue, going from $252 million to $134 million. Additionally, crypto trading volume plummeted 48% to $24 billion during the same time.  Robinhood (HOOD) stock dropped 9.4 percent after the companys revenues of $1.07 billion and profits per share of $0.38 fell short of industry projections by 6.1% and 11.6%, respectively. Net income increased 3% year-on-year to $346 million, indicating that the firm remained profitable.  Bear Market to Blame  Vladimir Tenev, CEO of Robinhood, said that market fluctuations were to blame for the decline in crypto revenue and trading volume, but he also said that the firm is concentrating on developing crypto infrastructure and incorporating assets

04-30
1
...
901903
...
1000