Crypto Industry News & Market Trends

Grayscale Seeks SEC Approval for Zcash Spot ETF

Grayscale filed a Form S-3 with the SEC to convert its Zcash Trust into a spot ETF.The proposed Zcash ETF would trade on NYSE Arca under the ticker ZCSH.The fund plans to hold actual ZEC tokens and track the CoinDesk Zcash Price Index.Grayscale appointed Coinbase Custody as custodian and prime broker for the proposed ETF.Bank of New York Mellon would serve as the administrator for the fund.　　Grayscale Investments has filed a Form S-3 with the US Securities and Exchange Commission to convert its Zcash Trust into a spot exchange-traded fund. The proposed product would list on NYSE Arca under the ticker ZCSH. The filing positions the fund as the first US spot ETF tied to a privacy-focused cryptocurrency.　　Grayscale Advances Plan for Zcash ETF Conversion　　Grayscale seeks to transform its closed-end Zcash Trust into an open-ended ETF structure. The existing trust manages more than $200 million in assets. The firm stated that the ETF would hold actual ZEC tokens.　　The proposed Zcash ETF would track the CoinDesk Zcash Price Index. Therefore, the fund would reflect the market price of ZEC. Investors would gain regulated exposure without managing wallets or private keys.　　Grayscale appointed Coinbase Custody as custodian and prime broker for the fund. The

05-14Industry

Ethereum Could Breakout Soon: But in Which Direction?

Ethereum　　Ethereum Could Breakout Soon: But in Which Direction？Ethereums price behavior is throwing up mixed signals that leave analysts undecided.The $2,300 level appears to be Ethereums pivot with significant roadblocks on both sides.Whales and institutions are making contradicting moves regarding Ethereums future.　　There are mixed signals around Ethereum‘s price, suggesting the cryptocurrency may be trading at a critical level. TradingView’s data show that ETH has traded within a tight range that pivots at $2,300, with strong areas above and below this mid-point. Technical analysts are basing their ETH predictions on the cryptocurrencys ability to breakout on either side of the pivot.　　Analysts Agree on Ethereums Pivot　　Crypto analyst Ted Pillows thinks a confirmed break below $2,250 could pressurise ETH into a bearish narrative and force a move to lower price levels. In his latest post on X, Pillows highlighted Ethereums strong regions, revealing how a price breakdown could potentially push the cryptocurrency below $1,800.　　In contrast to Pillow‘s bearish outlook, another analyst, who acknowledged ETH’s range-bound trend, foresees a potential rally if the crypto asset climbs above $2,400. According to the analyst, an upside breakout will trigger a quick Ethereum rally, targeting its daily 200MA/EMA around $2,600.　　Besides Ethereum‘s technical setup, on-chain data and whale activity

05-14Industry

Fireblocks Connects RAW Signing to Cardano via Iagon

Tech　　Fireblocks Connects RAW Signing to Cardano via IagonFireblocks has integrated its RAW signing technology with Iagons enterprise Cardano nodes and Insights API for institutional access to ADA.The integration allows approved clients to create and sign custom ADA and Cardano Native Token transactions within Fireblocks MPC framework.Institutions can now delegate ADA to stake pools and participate in Cardano governance directly through the Fireblocks platform.Fireblocks Trust, regulated by the New York Department of Financial Services, provides qualified custody for supported clients.Iagon secured a $1.5 million ADA-denominated loan backed by 54 million IAG tokens to fund infrastructure development.　　Fireblocks has connected its RAW signing system with Iagon‘s enterprise Cardano nodes and Insights API for approved clients. The integration allows institutions to create and sign custom ADA and Cardano Native Token transactions within Fireblocks’ MPC framework. The update expands existing ADA custody support to include staking, governance, and token management inside a single regulated workflow.　　Fireblocks Expands Institutional ADA Capabilities　　Fireblocks enables institutions to construct custom transactions through RAW signing while securing private keys within its MPC structure. Instead of using preset templates, clients can define transaction parameters directly and execute them through the custody platform. As a result, firms gain operational flexibility while keeping assets secured

05-14Industry

Trump’s CEO-filled China visit can decide whether Bitcoin’s $80,000 risk rally survives this week

Bitcoin　　Trump‘s CEO-filled China visit can decide whether Bitcoin’s $80,000 risk rally survives this week　　Bitcoin is hovering just below $80,000 as President Donald Trump arrives in Beijing for a high-stakes meeting with Chinese leader Xi Jinping, turning the visit into a live test of whether the crypto markets latest risk rally has enough support to survive a difficult macro week.　　The trip comes as traders are already contending with hotter inflation data, rising Treasury yields, and a Bitcoin rally that has leaned heavily on derivatives positioning rather than deep spot demand.　　That combination has left the market unusually sensitive to headlines from Beijing, where any shift in trade, technology, or supply-chain policy could quickly feed through global risk assets.　　For Bitcoin, the China visit is less about direct digital-asset policy than the broader market signal it sends.　　A constructive meeting could ease fears of another round of escalation between the worlds two largest economies and help extend the risk-on bid that pushed BTC back toward $80,000.　　Conversely, a breakdown could have the opposite effect, forcing traders to reassess a rally already showing signs of strain.　　China visit becomes Bitcoins risk-sentiment test　　Trumps arrival in Beijing marks the first visit by a US president to China since 2017 and

05-14Industry

Singapore Dollar: Consolidation with preference to sell rallies – OCBC

Finance　　Singapore Dollar: Consolidation with preference to sell rallies – OCBC　　OCBC‘s Christopher Wong notes USD/SGD has risen with broader USD/AXJ but the move has been milder, reflecting Singapore Dollar’s (SGD) lower beta. Wong observes fading bearish momentum and moderated RSI, suggesting two-way trade. Wong highlights nearby resistance around 1.2720–1.28 and support near 1.2650, maintaining a preference to sell rallies while acknowledging SGDs sensitivity to external yields, Oil and sentiment.　　Lower beta SGD in two-way consolidation　　“USD/SGD rose, tracking broader USDAXJs higher.”　　“Move reflects SGDs lower beta characteristics but at the same time, SGD is not immune to external developments, including yields, oil and sentiments.”　　“Mild bearish momentum on daily chart is fading but rise in RSI moderated.”　　“2-way trades still likely. Resistance at 1.2720/40 levels (21, DMA, 61.8% fibo retracement of 2026 low to high), 1.2770”　　“Support at 1.2650/60 levels (76.4% fibo), 1.2610 levels. Bias to sell rallies preferred.”

05-14Industry

Tokenized Treasuries hit $15B record as Bitcoin stalls

Tokenized Treasuries hit a record $15.35 billion on May 13 as Fed rate-hike fears drove investors toward on-chain yield.Total value locked in tokenized Treasuries surpassed the previous mid-April peak of $15.10 billion, with rwa.xyz data confirming the $15.35 billion record on May 13.Aprils US CPI came in at 3.8% annually, sharply raising the probability of a Federal Reserve rate hike and weakening the case for near-term cuts.Circles USYC and BlackRocks BUIDL lead the sector, which has grown from $3.9 billion in early 2025 to exceed $15 billion in 16 months.　　Tokenized Treasuries reached $15.35 billion in total value locked on May 13, surpassing the previous mid-April peak of $15.10 billion, according to rwa.xyz data.　　The push came as markets began pricing in a higher probability of a Federal Reserve interest-rate increase, a sharp reversal from the rate-cut expectations that dominated earlier in 2026.　　“The June cut just got significantly harder to defend, and the allocator positioning we flagged, capital sat in BlackRocks BUIDL and tokenized T-bills rather than spot crypto, is going to look prescient by Friday,” Iggy Ioppe, co-founder of Polygon Ventures, said in an email.　　Aprils US CPI came in at 3.8% annualised, accelerating from 3.3% in March and raising the stakes

05-14Industry

Snap’s Q1 Makes Its AR Glasses Bet Harder To Ignore

getty　　Snaps first-quarter results gave investors something they have not always had from the company: evidence of operating discipline.　　Revenue rose 12% year-on-year to $1.53 billion. Daily active users returned to growth, reaching 483 million. Adjusted EBITDA more than doubled to $233 million, while free cash flow climbed to $286 million. Net loss narrowed to $89 million.　　On the surface, this was a cleaner Snap story: stronger engagement, better margins and a more credible path toward sustained cash generation.　　But the more important strategic question sits outside the quarter. Snap is still asking investors to believe in Specs, its augmented reality glasses that are a bid to compete with Meta, Apple and Google for the next consumer computing surface.　　Evan Spiegel used the results to reaffirm Snaps commitment to “intelligent eyewear,” saying the company would keep investing in Specs and share more at AWE on June 16. Snap also pointed to an expanded Qualcomm collaboration, growth in Specs Lens creation, and use cases across learning, gaming and AI-powered experiences.　　Why Snap is betting on Specs AR glasses　　Specs is Snaps attempt to define the next computing interface before Apple, Meta or Google fully normalise it. Snap argues that it already owns several ingredients that should matter in

05-14Industry

Ripple CTO David Schwartz Flags Bitcoin’s Incentive Problem

Bitcoin　　Ripple CTO David Schwartz Flags Bitcoins Incentive ProblemSchwartz says Bitcoin mining incentives create costly user-miner conflicts.XRP Ledger avoids mining rewards to reduce fees and centralization risks.Bitcoin and XRP declined despite renewed debate over blockchain efficiency.　　The long-running debate between Bitcoin and XRP gained fresh attention after Ripple CTO David Schwartz revisited his criticism of Bitcoin‘s incentive structure. During a detailed presentation, Schwartz argued that Bitcoin’s proof-of-work model creates costly friction for users and miners alike. He also claimed the XRP Ledger offers a more efficient approach by reducing reliance on artificial incentives.　　Schwartz explained that blockchain systems need eventual agreement to function properly. Without consensus, users could not trust transactions or transfer value securely.　　However, he argued that Bitcoin solves this challenge through expensive mining competition. Consequently, miners continuously consume resources while competing for block rewards and transaction fees.　　According to Schwartz, this design creates misaligned incentives inside the network. Miners want higher fees because they profit from them.　　Meanwhile, users prefer cheaper transactions and lower operating costs. Additionally, he argued that proof-of-work systems force participants into constant competition, which pushes operators to cut costs aggressively.　　He also warned that mining systems naturally centralize around operators with cheaper electricity and specialized hardware. Hence, the network gradually

05-14Industry

SUI Price Turns Bearish as Selling Pressure Rises: Is a Drop Below $1 Coming Next?

Tech　　SUI Price Turns Bearish as Selling Pressure Rises: Is a Drop Below $1 Coming Next？　　The post SUI Price Turns Bearish as Selling Pressure Rises: Is a Drop Below $1 Coming Next？ appeared first on Coinpedia Fintech News　　The SUI price is once again showing signs of weakness after failing to sustain above the crucial $1.30 resistance zone. Following a sharp breakout rally over the past few sessions, the token quickly lost momentum and slipped back toward lower support levels. The weakness comes shortly after the highly anticipated SUI Basecamp event in Miami, which was expected to generate stronger bullish momentum for the ecosystem. However, despite the event-driven hype, the broader market response remained relatively muted, with the rally fading quickly after the initial surge.　　At the same time, derivatives data now suggests bullish conviction may be weakening as traders begin reducing leveraged exposure around the recent highs. The latest rejection has also increased concerns that SUI could revisit the $1 range if buyers fail to regain control soon.　　SUI Faces Strong Rejection Near Key Resistance　　The daily chart suggests the SUI price is struggling to sustain its recent breakout rally after facing strong rejection near the $1.32 resistance zone. The token briefly surged above

05-14Industry

Anthropic launches Claude for Small Business to bring AI agents into QuickBooks, PayPal, and HubSpot

Tech　　Anthropic launches Claude for Small Business to bring AI agents into QuickBooks, PayPal, and HubSpot　　Anthropic launched Claude for Small Business, a new product package that brings its AI assistant into the software tools used by small business owners, including QuickBooks, PayPal, HubSpot, Canva, Docusign, Google Workspace, and Microsoft 365.　　The launch expands Anthropics push to turn Claude into a workplace agent rather than a standalone chatbot. The company said the product runs through Claude Cowork and gives small businesses access to ready-made workflows for finance, operations, sales, marketing, HR, and customer service.　　Anthropic said Claude for Small Business can help owners plan payroll, close monthly books, monitor cash flow, chase invoices, triage leads, review contracts, and prepare marketing campaigns.　　The workflows connect to existing apps so Claude can pull business context from services such as PayPal settlements, QuickBooks cash flow data, HubSpot campaigns, Canva assets, and Docusign agreements.　　The company is targeting a large but slower-adopting AI market. Small businesses account for 44% of US GDP and employ nearly half of the private sector workforce, but Anthropic said many owners have not moved beyond basic chatbot use because AI tools and training are often built for larger companies.　　The product also emphasizes user control. Anthropic

05-14Industry

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