Crypto Industry News & Market Trends

Silver rallies toward $78 as markets cheer possible US-Iran truce

Silver daily chart　　In the daily chart, XAG/USD trades at $77.68. The Bollinger middle band at roughly $76 reinforces this underlying demand zone, while a mildly positive Relative Strength Index (RSI) near 54 suggests balanced but slightly constructive momentum rather than a clear directional breakout.　　On the topside, the first resistance is the 23.6% Fibonacci retracement of the $66.40–$116.90 rally at $78.32, followed by the 100-day SMA at $80.24 and the upper Bollinger band near $81.04. A daily close above this band would open the way toward the 38.2% retracement at $85.69.　　On the downside, initial support is seen at the 50-day SMA at $77.59, with additional protection at the 20-day SMA and Bollinger mid-line around $76.12; a break there would expose the lower Bollinger band near $71.20 before the broader corrective floor at the $66.40 Fibonacci swing low, where the 200-day SMA at $63.46 underpins the longer-term uptrend.　　Silver FAQs　　Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy

05-06Industry

Zcash Leads Privacy Coin Surge With 37% Gains on MultiCoin Investment

Privacy coin Zcash surged by double digits over the past day, alongside the broader privacy coin category.Multicoin has built a ZEC position since February, calling Zcash the “cleanest way” to express the privacy thesis.Dash also jumped as the privacy coin sector rallied on wealth tax fears and Californias proposed asset seizures.　　Zcash led a surge in privacy-focused cryptocurrencies on Wednesday, jumping 37% in the past 24 hours after crypto investment firm Multicoin Capital disclosed that it had built a “significant position” in the privacy coin.　　The rally follows a Tuesday tweet thread by investment firm Multicoins Cofounder and Managing Partner Tushar Jain, calling Zcash a “return to the cypherpunk ideals crypto was founded on.”　　Privacy coins Dash and Monero added 22% and 4% on the day respectively, while the category as a whole has notched roughly 15% gains, according to CoinGecko data.　　Why privacy coins are moving　　Multicoin framed the thesis around growing political risks to public wealth.　　“Californias proposed wealth seizures are a warning,” the firm wrote. “As the political trend to seize private wealth continues to grow, people and institutions will increasingly seek private assets to protect themselves.”　　offers censorship resistance; no one can freeze it or stop a user from transacting. That does not

05-06Industry

Private payrolls rose by 109,000 in April, topping expectations, ADP says

Finance　　Private payrolls rose by 109,000 in April, topping expectations, ADP says　　Stephanie Horrigan recruits for job opportunities at Life Alert during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2026 in Sunrise, Florida.　　Joe Raedle | Getty Images　　Private sector job creation was stronger than expected in April, providing more evidence of a stable labor market and less incentive for the Federal Reserve to lower interest rates amid persistently higher inflation, ADP reported Wednesday.　　The payrolls processing firm said companies added 109,000 jobs for the month, a step up from the 61,000 created in March and better than the Dow Jones consensus estimate for 84,000. The March total was revised down by 1,000.　　Wages for those staying in their jobs rose 4.4% annually, down 0.1 percentage point.　　As has been the case, job creation was concentrated in a few key categories, an indication that while hiring overall is solid, the benefits are not being spread out over sectors.　　Education and health services again dominated, adding 61,000 new hires. Trade, transportation and utilities saw a gain of 25,000. Construction, another consistent leader in recent months, rose by 10,000, while financial activities contributed 9,000.　　The Trump administrations tariff efforts to reshore jobs

05-06Industry

AI predicts Zcash price for May 31, 2026

Bitcoin Ethereum News　　As Zcash (ZEC) price surged to its highest level in 2026 on May 6, Finbold AI Agent – an advanced financial assistance tool leveraging several AI models – has made a bold prediction of this token for May 31.　　The Finbold AI Agent predicted that ZEC price could close May trading at $589.79, up approximately 1.72% from its value at the time of publication. Essentially, Finbolds AI Agent does not expect Zcash price to rally beyond its 2025 peak of around $734 within the next three weeks.　　Zcash prediction for May 31. Source: Finbold　　Finbold AI Agent leveraged several Large Language Models (LLMs) – including Claude Opus 4.6, DeepSeek Chat, Gemini 3 Flash, GTP-5.2, and Grok 4.1 – to generate the ZEC price prediction for May 31. Additionally, this tool incorporated several technical indicators, including the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and the 50- and 200-day Simple Moving Averages (SMA).　　Grok 4.1 generated the highest ZEC price prediction for May 31 at $723.45, an increase of about 24.77%. Meanwhile, DeepSeek Chat returned the lowest prediction of $520, a 15.49% decline from the current level.　　Zcash price outlook　　Amid the broader crypto rebound led by Bitcoin (BTC), ZEC has surged

05-06Industry

Bitcoins (BTC) 30% price surge has a hidden rhythm. Here are the hours and days driving gains.

Those looking to trade bitcoins price rise might want to pay attention to a simple but useful roadmap. It consists of three months of price data from Velo, which shows the recovery from the early February lows under $63,000 to over $80,000 has not been evenly distributed across the day.　　Specific sessions, hours, and days have consistently outperformed and knowing those windows could sharpen traders approach to the market.　　Data source Velo breaks the trading day into three eight-hour sessions: APAC from 00:00 to 08:00 UTC, covering Tokyo, Singapore, Seoul, and Sydney; Europe from 08:00 to 16:00 UTC, covering London and Frankfurt; and the U.S. from 16:00 to 00:00 UTC, covering New York.　　The session picture: APAC and the U.S. are leading the rally　　APAC and U.S. hours have done the heavy lifting throughout the roughly 31% price rise since Feb. 6. APAC has produced a return of 13%, with the U.S. at 11.5% and Europe lagging significantly at just 6.5%.　　The U.S. sessions contribution is particularly notable because it was not always the leader. For most of February and March, returns during U.S. hours were mostly flat to negative, while APAC led the recovery. But that suddenly changed in early April, with the U.S.

05-06Industry

Ethereum (ETH) Maintains Support Above $2,300 Amid Diverging Whale and Retail Activity

Ethereum maintains a price range of $2,370–$2,380, showing daily gains of 0.8% and weekly increases exceeding 3%Smaller holders have distributed approximately 1.5 million ETH during the previous two-week periodLarge wallet addresses added 230K ETH to their holdings in the past seven days, offsetting retail distributionApril witnessed exchange withdrawals dropping to the lowest level in eight months, indicating investor cautionCritical resistance levels await at $2,388–$2,400, while the 200 SMA stands at $2,680　　As of Tuesday, Ethereum continues to defend the $2,300 threshold, with current trading activity concentrated around the $2,370–$2,380 zone. The digital asset has registered a 0.8% increase in the last 24 hours and has climbed more than 3% across the past seven days.　　Ethereum (ETH) Price　　While the weekly performance appears positive, blockchain data reveals a more complex narrative unfolding beneath the price action.　　Addresses containing between 100 and 10,000 ETH have liquidated approximately 820K ETH within the last week. Expanding the timeframe to two weeks reveals this investor segment has offloaded nearly 1.5 million ETH total.　　The 90-day Mean Coin Age indicator has experienced a significant decline. This pattern indicates the majority of selling pressure originates from recent buyers rather than established holders.　　Staking behavior reinforces this trend. Approximately 300K ETH was removed from

05-06Ethereum

David Schwartz Says Selling XRP Doesnt Make Him The Villain

They say journalists never truly clock out. But for Christian, that‘s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.　　Christians journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).　　Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his

05-06Industry

Coinbase Cuts 14% of Staff as Kalshi Sees 92% Odds of More Layoffs

Tech　　Coinbase Cuts 14% of Staff as Kalshi Sees 92% Odds of More LayoffsCoinbase cuts 14% workforce as Kalshi sees 92% odds 2026 tech layoffs exceed 2025 levels.Armstrong says AI lets engineers ship in days what previously took entire teams several weeks.Coinbase previously cut 18% in 2022 and 20% in 2023, but those were market-driven, not AI-driven.　　Coinbase‘s decision to cut approximately 700 jobs, or 14% of its workforce, on Tuesday is being read by prediction market traders as confirmation of a trend that is only getting started. Kalshi currently prices a 92% probability that total tech layoffs in 2026 will exceed the 447,000 recorded in 2025. With the Bureau of Labor Statistics already reporting 178,000 layoffs in the information sector through March alone, that threshold looks increasingly likely to be crossed well before year’s end.　　Coinbase is the latest data point in what is becoming a clear pattern. Block cut more than 4,000 of its 10,000-plus employees in February, explicitly citing artificial intelligence as the operational driver. Tuesdays announcement from Coinbase carries the same stated rationale, separating both companies from the wave of market-driven cuts that defined 2022 and 2023.　　Armstrongs Explanation　　CEO Brian Armstrong published the internal email he sent to staff, laying

05-06Industry

MercadoLibre (MELI) Stock: Analyst Expectations Ahead of Thursday’s Q1 Report

Wednesdays opening price came in at $1,818.23, giving the company a market valuation approaching $92.2 billion. Technical indicators show the 50-day moving average positioned at $1,757, while the 200-day average rests at $1,969.　　The Streets consensus estimate calls for first-quarter earnings of $8.52 per share, representing a modest year-over-year decline. However, the forward outlook appears significantly more optimistic, with projections showing earnings expanding more than 20% this year to reach $47.36, followed by additional growth exceeding 40% by 2027 to hit $66.41.　　The stock‘s recent weakness reflects investor concerns about macroeconomic headwinds across Latin America, intensifying competitive pressures, and margin compression as the company accelerates strategic investments. Market participants anticipate that management’s commentary during the earnings conference call may carry more weight than the actual financial results.　　Operational metrics have shown encouraging trends, particularly in Brazil where gross merchandise value expansion has accelerated over the last two quarters. Unit logistics expenses dropped 11% in the latest reporting period, demonstrating enhanced operational efficiency.　　Looking at 2025 performance, the fintech segment delivered impressive 46% year-over-year revenue growth. The commerce division, anchored by the core marketplace platform, posted 34% revenue gains. Gross profit margins continue holding above the 40% threshold, despite some recent compression.　　Harel Insurance Investments significantly

05-06Industry

KuCoin Expands Anti-Phishing Initiative as Part of Global Cybersecurity Awareness Efforts

KuCoin has introduced the second edition of its “Anti-Phishing Month” campaign, continuing an initiative first launched last year. The program is designed to strengthen user protection through a combination of education, security infrastructure, and risk management practices.　　The rollout comes amid a rise in phishing activity targeting crypto users. According to KuCoin, SMS-based phishing and email phishing account for more than 90% of recorded incidents on its platform. These attacks can lead to financial losses and undermine user confidence, prompting the company to place greater emphasis on structured prevention efforts.　　The campaign aligns with several global cybersecurity awareness milestones observed in May, including World Information Security Day, World Password Day, and initiatives led by the International Telecommunication Union. KuCoin is using this period to promote stronger user awareness and encourage more secure account practices across its global user base.　　As part of its broader “security-as-a-service” approach, KuCoin has implemented a multi-layered protection system that combines detection tools, authentication measures, and user-focused education.　　The platforms phishing detection engine is designed to identify and block suspicious login attempts and unauthorized withdrawal requests. KuCoin reports that the system intercepts more than 5,000 high-risk access attempts each day.　　Security measures are also integrated into key user actions such as

05-06Industry

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