WTI snaps four-day rally as traders assess US-Iran talks and Hormuz flows

Finance  WTI snaps four-day rally as traders assess US-Iran talks and Hormuz flows  West Texas Intermediate (WTI) crude Oil plunges more than 5% on Wednesday, snapping a four-day winning streak as traders react to fresh geopolitical headlines that raised hopes for a potential agreement to end the US-Iran war and reopen the Strait of Hormuz. At the time of writing, WTI trades around $96.76 per barrel.  US President Donald Trump said on Wednesday that negotiations with Iran were in the final stages, though he warned that military action remained possible if no deal is reached. “Theres more fighting to come unless Iran gets smart,” Trump said.  Diplomatic efforts mediated by Pakistan continue as Washington and Tehran work to finalize the text of a possible agreement. According to Al Hadath, citing sources, Pakistani army leader Asim Munir may travel to Iran on Thursday to announce the final version of the agreement.  Meanwhile, Irans Islamic Revolutionary Guard Corps (IRGC) Navy said transit through the Strait of Hormuz remains ongoing with permits and coordination from Iranian authorities. The IRGC added that 26 vessels, including oil tankers, container ships and other commercial vessels, transited through the Strait over the past 24 hours.  These developments helped ease immediate supply disruption fears

05-21Industry

Crypto layoffs grow as Meta’s AI shift hits jobs

Crypto layoffs are drawing fresh attention as Meta starts a new round of AI-linked job cuts, adding Big Tech context to staff reductions across digital asset firms.Meta began global AI-led cuts as Singapore staff received early notices, with more regions expected.Kraken reportedly cut about 150 roles as AI tools expanded across the major crypto exchange.Coinbase plans to cut 14% of staff while building leaner AI-native teams this year globally.  Meta has started notifying workers in Singapore as part of a wider restructuring tied to artificial intelligence. Bloomberg reported that some employees received layoff emails around 4 a.m. local time, while staff in Europe and the U.S. were also expected to receive notices.  The cuts are expected to affect engineering and product teams. The same report said Meta had nearly 80,000 employees at the end of March, before the latest restructuring began. A 10% reduction would place the job cuts near 8,000 roles.  AI push changes Metas structure  Meta is also moving workers into AI-focused teams. The Guardian reported that more than 7,000 employees must shift into new teams tied to AI agents and cloud infrastructure. The report said some transfers were not optional.  Metas head of people, Janelle Gale, said in a memo that smaller

05-21Industry

Buy or Sell Ethereum? Analysts Split on ETH Price Charts

The $2,100 zone, therefore, becomes critical. A decisive hold could open the door to a bounce toward $2,500, while a clear loss might validate the bearish scenario.  On-chain data support the cautious view. Weakening DeFi total value locked, softer holder behavior, and reduced network activity reinforce concerns about further downside if immediate supports give way under pressure.  Recent exploits in the DeFi space have also damaged short-term sentiment around Ethereum.  Combined with the yield pressure from traditional markets, these headwinds explain why many investors remain hesitant to add exposure right now.  $ETH is stuck around $2,140, lagging BTC hard while DeFi TVL on Ethereum has collapsed 41% since mid January from $106B down to $63B.  That drop lines up perfectly with a clear inverted cup-and-handle forming on the daily chart since late March. The current bounce feels like the… pic.twitter.com/MhKHcHpZRR  — Robert ???? (@iR0bertt) May 20, 2026  The broader macro backdrop still matters. If global yields finally roll over and the CLARITY Act advances on schedule, risk appetite could return quickly, turning today‘s discomfort into tomorrow’s opportunity for early buyers.  Whats next for Ethereum price?  Ethereum stands at a defining moment between two opposing scenarios. On one side, Van de Poppes accumulation thesis builds on peaking yields, regulatory progress,

05-21Ethereum

Ethereum Price Outlook: Why Whale Selling and ETF Outflows Could Drag ETH Lower

Ethereum  Ethereum Price Outlook: Why Whale Selling and ETF Outflows Could Drag ETH Lower  The post Ethereum Price Outlook: Why Whale Selling and ETF Outflows Could Drag ETH Lower appeared first on Coinpedia Fintech News  Ethereum price action is beginning to flash fresh warning signs as a combination of whale selling, ETF outflows, and weakening price structure raises concerns over its near-term outlook. As volatility returns and confidence starts to weaken around key levels, traders are increasingly watching whether this shift reflects a temporary cooldown, or something more meaningful.  That focus is now turning toward why whale selling and ETF outflows could drag ETH price lower, and whether Ethereum is at risk of losing another major support zone.  Whale Selling Raises Questions Over Ethereum Conviction  One of the more notable warning signs for Ethereum comes from the behavior of large holders. Recent market data suggests that more than 60 whale wallets holding over 10,000 ETH have either significantly reduced exposure or fully exited positions over recent weeks. Whale movements are closely watched because large holders often react early to changing market conditions, particularly during periods of uncertainty.  While whale exits do not always signal panic selling, a decline in high-value holders during periods of weakening momentum often

05-21Ethereum

Algorand price forecast: is ALGO’s Robinhood rally a bounce or reversal?

Algorand (ALGO) jumped 5% after Robinhood listed it for US users.Algorands price has stayed between $0.1092 and $0.1173 with no breakout.Weekly trend is still down 6.8% despite the short-term rally.  Algorand has recorded a sharp burst of activity following its addition to Robinhoods crypto trading platform, including availability for users in New York.  At the time of writing, Algorands ALGO coin was trading near $0.1149, showing a 24-hour gain of about 5%.  Robinhood listing triggers short-term momentum  The listing on Robinhood marks a notable distribution shift for Algorand.  The listing on Robinhood gives access to a large base of retail users, and historically, new listings on major retail brokerages tend to attract immediate trading interest.  In this case, the move was preceded by a wave of market commentary highlighting the possibility of Robinhood adding ALGO.  During that period, Algorand recorded intraday gains in the range of 5% to over 7%, depending on the timeframe used across different market trackers.  Once the listing was confirmed, trading activity increased further, with daily volume reaching approximately $58.9 million according to data from Coingecko.  This spike in activity coincided with heightened attention from retail traders reacting to the expanded accessibility of the token.  Price structure still shows resistance to a sustained breakout  Even with the

05-21Industry

Ethereum Price Prediction: ETH Holds $2,100 as Whales Exit

Ethereum is holding the lower edge of its green Gaussian Channel, keeping the short-term bounce setup alive near $2,100. However, whale count data shows large ETH holders have been leaving or consolidating positions, putting the $2,000 support level back in focus.  Ethereum Price Backtests Green Gaussian Channel as $2,100 Support Holds  Ethereum is backtesting the green Gaussian Channel on the daily Bitstamp chart shared by Sky on X, with price holding near the lower channel area for several sessions.  The ETH/USD chart shows Ethereum trading near $2,110 after pulling back from the recent range near $2,370. The latest candles sit close to the lower edge of the green Gaussian Channel, where the analyst marked a possible support reaction.  ETH/USD Daily Gaussian Channel Chart. Source:  The channel had already flipped from purple to green. That matters because the previous purple phase showed weaker trend conditions, while the green phase points to a possible recovery setup.  However, ETH still needs to hold the current support area. The chart shows the lower channel band near $2,102, while price remains only slightly above it.  A daily close below this zone would weaken the backtest and could bring the lower range near $2,025 back into focus.  If Ethereum holds the channel, the first

05-21Industry

More car buyers are shifting to EVs — but the reasons why are nuanced

Customers are continuing to shift to electric vehicles, but industry analysts say the picture is complicated.  A rising share of car buyers traded their gas cars in for EVs in April, according to data Edmunds shared with CNBC. In January, 67.1% of buyers purchasing a new EV at dealerships traded in a gas car. By April, that climbed 7%, to 72.1%, according to the auto site.  The data also showed that EV loyalty numbers are rising: In January, 26.2% of buyers traded in an older EV for a new EV and 34.3% traded for a used one. Those numbers rose, as of April 26, to 35.4% and 44.5%, respectively.  These data points indicate EV interest is growing, despite the loss of federal and some state incentives that encouraged consumers to purchase the vehicles, and a pivot among many automakers back to internal combustion and hybrid vehicles.  Analysts and industry insiders have cited rising fuel prices as a possible factor motivating these decisions. The national average gas prices has risen roughly 44% from the same period a year ago, according to AAA.  Edmunds Senior Director of Insights Ivan Drury said its still a bit too early to tell if this is a strong, lasting shift.  Oil and

05-21Industry

Polymarket wallets made $2.4M on Iran bets – Was insider trading involved?

Suspicion surrounding geopolitical prediction markets increasingly intensified after nine connected Polymarket wallets reportedly generated over $2.4 million from Iran war betting activity.  Investigators already linked the cluster to more than 80 highly accurate positions with reported win rates near 98%.  Source: X  Those accounts allegedly predicted the exact timing of U.S. strikes, leadership developments, and eventual ceasefire announcements before broader public confirmation emerged.  Bubblemaps Co-Founder and CEO Nicolas Vaiman later stated that statistical probability alone could not reasonably explain the trading precision behind those positions.  Scrutiny also strengthened after authorities indicted a U.S. Army soldier last month for allegedly using classified intelligence to earn over $400,000 through Polymarket activity. Meanwhile, prediction market volume on military outcomes surpassed $1 billion during 2026.  That progression increasingly exposed insider-information risks across anonymous geopolitical betting markets.  Political betting rapidly reshapes prediction markets  As insider-trading concerns increasingly spread across prediction markets, speculative capital also continued accelerating into geopolitical and regulatory event trading.  TRM Labs data already showed monthly prediction market volume expanding from roughly $1.2 billion during early 2025 toward nearly $20 billion by early 2026.  Source: TRM Labs  That momentum strengthened further once traders increasingly treated military developments, political shifts, and crypto legislation like tradable financial assets.  Polymarket users also currently assign nearly 64% odds for

05-21Industry

Double-Digit Gains From These 2 Altcoins as Bitcoin Reclaims $77K: Market Watch

Bitcoin  Double-Digit Gains From These 2 Altcoins as Bitcoin Reclaims $77K: Market Watch  45 minutes ago  Bitcoin Ethereum News  On the contrary, STABLE has dropped the most over the past 24 hours, followed by TON and XLM.  ;  }  function loadTrinityPlayer(targetWrapper, theme,extras=“”) {  cleanupPlayer(targetWrapper); // Always clean first ✅  targetWrapper.classList.add(‘played’);  // Create script  const scriptEl = document.createElement(“script”);  scriptEl.setAttribute(“fetchpriority”, “high”);  scriptEl.setAttribute(“charset”, “UTF-8”);  const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`);  scriptURL.searchParams.set(“pageURL”, window.location.href1);  scriptEl.src = scriptURL.toString();  // Insert player  const placeholder = targetWrapper.querySelector(“.add-before-this”);  placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);  }  function getTheme() {  return document.body.classList.contains(“dark”) ? “dark” : “light”;  }  // Initial Load for Desktop  if (window.innerWidth 768) {  const desktopBtn = document.getElementById(“desktopPlayBtn”);  if (desktopBtn) {  desktopBtn.addEventListener(“click”, function () {  const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);  if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),  });  }  }  // Mobile Button Click  const mobileBtn = document.getElementById(“mobilePlayBtn”);  if (mobileBtn) {  mobileBtn.addEventListener(“click”, function () {  const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);  if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),  });  }  function reInitButton(container,html){  container.innerHTML = + html;  }  // Theme switcher  const destroyButton = document.getElementById(“checkbox”);  if (destroyButton) {  destroyButton.addEventListener(“click”, () = {  setTimeout(() = {  const theme = getTheme();  if (window.innerWidth 768) {  const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);  if(desktopWrapper.classList.contains(‘played’)){  loadTrinityPlayer(desktopWrapper, theme,  }else{  reInitButton(desktopWrapper,‘’)  const desktopBtn = document.getElementById(“desktopPlayBtn”);  if (desktopBtn) {  desktopBtn.addEventListener(“click”, function () {  const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);  if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,‘  });  }  }  } else {  const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);  if(mobileWrapper.classList.contains(‘played’)){  loadTrinityPlayer(mobileWrapper, theme,  }else{  const mobileBtn = document.getElementById(“mobilePlayBtn”);  if (mobileBtn) {  mobileBtn.addEventListener(“click”, function () {  const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);  if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,  });  }  }  }  }, 100);  });  }  })();  Although bitcoin remains deep in the red on a weekly scale, the asset has managed to post a minor recovery in the past 24 hours and now sits above $77,000.  Most larger-cap altcoins remain quite sluggish, with

05-21Industry

TON Price Prediction: $2.30 Rally Expected as Oversold Signals Flash Green

The Immediate Setup  TON trades at $2.02 following a 4.06% surge in the past 24 hours, but beneath the surface momentum tells a different story. The stochastic oscillator has collapsed to 15.84 on the %K line, deep into oversold territory that historically precedes sharp reversals in trending assets. While RSI maintains neutral positioning at 55.41, this divergence between price stability and momentum exhaustion creates compelling entry conditions. The MACD histogram sits at zero, indicating momentum is coiling for the next directional move. Price action has consolidated perfectly at the 20-day simple moving average, forming an ideal launching platform above all major trend indicators except the short-term 7-day average.  Critical Resistance and Support Framework  The technical landscape reveals a well-defined roadmap for the anticipated move higher. Immediate resistance emerges at $2.10, where buyers must establish control before challenging the more significant $2.18 level that represents the gateway to larger gains. On the downside, support converges around $1.93 with additional backing from the 26-period exponential moving average at $1.91. Should selling pressure intensify, the 50-day simple moving average at $1.60 marks the critical long-term support that would determine whether this consolidation extends into a deeper correction. The current positioning right at the 20-day average creates

05-21Industry
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