Crypto Industry News & Market Trends

Hyperliquid (HYPE) Adds 111% in Futures Flow: Will Price Follow?

After a powerful multi-week push, Hyperliquid is attempting to stabilize, but the structure is currently mixed rather than clearly bullish.　　The recovery is yet to come　　After rejecting from the mid-$40s, the price is currently hovering around the $40–$41 range. More significantly, it is testing the stability of its rising trendline. Its the core of the current uptrend, as that trendline has defined the recovery phase since March.　　HYPE/USDT Chart by TradingView　　The asset is still above its mid-term moving averages from a technical perspective, maintaining the larger recovery. Sellers are active at higher levels, though, as evidenced by the repeated rejections around $44-$46. In contrast to the earlier leg up, momentum is clearly losing strength, cooling off rather than collapsing.　　OpenAI Foundation CFO Joins $1 Billion XRP Treasury; Bitcoin‘s Worst Case by May 2026 Detailed by Expert Trader; $183 Million ’Capital Flight Hits Ethereum ETFs Amid DeFi Hack Wave – Morning Crypto Report　　Ripple Vet Doubts $10K XRP Price Target　　Derivatives data is where things become more intriguing. With short-term inflows spiking sharply and occasionally pushing well above 100% net change, futures flows exhibit sharp acceleration. There is a noticeable positive net inflow on shorter time intervals (5–30 minutes), indicating that capital is swiftly entering derivatives

05-01Industry

North Korean Hackers Hit DRIFT and KelpDAO: 577M$

North Korea-linked hackers dealt the biggest blow to the crypto sector in the first four months of 2026: they stole 577 million dollars. This accounts for 76% of global hack losses. According to the TRM Labs report, the damage focuses on two attacks in April: DRIFT detailed analysis for 285 million dollars and 292 million dollars from KelpDAO. Although only 3% of the years total hacks, the volumes are shocking.　　DRIFT Protocol Hack Details　　The Drift attack was carried out by a North Korean subgroup separate from Lazarus-linked TraderTraitor. The attackers had been in contact with Drift employees for months. From mid-March, they prepared Solana-based persistent nonce accounts. Immediately after the protocols Security Council switched to a 2/5 threshold system on April 1, they drained the vaults in 12 minutes using 31 pre-signed transactions. The funds were bridged to Ethereum and frozen. Latest development: DRIFT was delisted from Upbit and Bithumb exchanges after the hack.Main Targets: Bridges, multisig, and cross-chain infrastructuresMonitoring: THORChain flows and Solana governance pathsImpact: Sharp drop in DRIFT price, DRIFT futures volatility　　KelpDAO and the North Korean Threat　　In KelpDAO, they exploited the single validator structure of the LayerZero bridge via an RPC hack. The funds were converted to Bitcoin via

05-01Industry

Tether Prints $1 Billion Q1 Profit, But Its $8.23 Billion War Chest Remains Contested

Tether reported $1.04 billion in net profit for the first quarter of 2026 and lifted its reserve buffer to a record $8.23 billion, even as global markets churned through fresh volatility.　　The figures come from a quarterly attestation by accounting firm BDO. They confirm USD₮ liabilities sit near $183 billion against $191.77 billion in assets, leaving over $8.2 billion in surplus capital.　　Treasury yields drove the Q1 profit　　The reserves are concentrated in short-duration government paper. Direct and indirect exposure to U.S. Treasury bills reached approximately $141 billion as of March 31.　　This ranked Tether the 17th-largest holder of U.S. government debt globally, according to the company.　　Tether Posts $1.04B Q1 2026 Profit Despite Highly Volatile Global Markets, Reaches All-Time-Highs $8.23B Reserve Buffer, and Maintains U.S. Treasury-Heavy Backing　　That position is also the engine. With Treasury bills yielding above 4%, $141 billion in exposure throws off multi-billion-dollar annual interest income, the same dynamic that drove first-quarter profitability.　　The $8.23 billion buffer is, in practical terms, accumulated yield rather than externally injected capital.　　A sustained drop in short-term rates would compress the model directly.　　Gold and Bitcoin Sit Outside the Safety Net　　Beyond Treasuries, Tether holds roughly $20 billion in physical gold and $7 billion in Bitcoin (BTC). Together they account

05-01Industry

Roblox (RBLX) Stock Plummets 25% Following Dramatic Bookings Forecast Reduction

Roblox shares plunged approximately 25% during Fridays premarket session following a dramatic reduction in annual bookings projectionsAnnual bookings forecast reduced to $7.33B–$7.6B from previous guidance of $8.28B–$8.55BQ1 daily active user growth reached 26%, significantly trailing analyst expectations of 44%Companys age verification and safety initiatives have limited platform communication features and hindered user acquisitionYear-to-date losses now reach approximately 32% after the stock posted 40% gains in 2025　　Shares of Roblox experienced a severe selloff during Friday‘s premarket session, tumbling roughly 25% following disappointing first-quarter performance and a substantial reduction to the company’s annual bookings forecast.　　Roblox Corporation, RBLX　　Trading at these depressed levels ahead of the opening bell, the gaming platform faced the potential erasure of more than $9 billion in shareholder value. The company‘s market capitalization stood at approximately $39.55 billion entering Friday’s session.　　Management revised its full-year bookings projection downward to a range of $7.33 billion to $7.6 billion. This represents a significant departure from previous guidance that called for $8.28 billion to $8.55 billion.　　ROBLOX $RBLX JUST REPORTED Q1 EARNINGS　　– Bookings: $1.73B vs $1.72B est　　– EPS: -$0.35 vs -$0.41 est　　– Average DAUs: 132M vs 140.9M est　　Q2 guidance:　　– Bookings: $1.55B – $1.61B vs $1.86B est　　– Revenue: $1.39B – $1.45B vs $1.83B est　　The company derives

05-01Industry

EURAU Stablecoin Migrated to Solana: Fast Euro Payments

EURAU Stablecoin Migrated to Solana Blockchain　　The joint venture established with the support of AllUnity, DWS, Flow Traders, and Galaxy Digital (GLXY) has migrated its euro-based stablecoin EURAU to the Solana blockchain. This move aims to accelerate euro transfers and strengthen regulatory-compliant onchain finance. EURAU was launched on Ethereum last July and is issued fully reserved under an e-money framework compliant with the European Unions MiCA rules. With the transition to Solana, the company promises faster settlement and lower costs for euro-denominated transactions. Businesses can now transfer onchain euros in seconds. Check here for SOL detailed analysis.　　Solanas Speed and Scalability Advantages　　EURAUs presence on Solana offers payment companies real-time cross-border payment capabilities; for example, contractors can be paid instantly instead of waiting days for bank transfers. The same infrastructure also paves the way for working with stable euro units in areas like trading, lending, or treasury management. AllUnity states that this expansion responds to demand for regulated euro stablecoins. Company CTO and COO Peter Grosskopf says, “As demand accelerates, Solanas speed and scalability provide an ideal environment for institutional settlement and cross-border payments.” Various partners like Bullish (owner of CoinDesk), Privy, Hercle, and Transak are also preparing to integrate EURAU on Solana

05-01Industry

Pi Network Price Prediction May 2026: Smart Contracts Set For May 11 As PI Holds Trendline

The rising trendline from the January low near $0.1370 is the level that matters. Yesterdays sell-off tested the 100-day EMA at $0.1857 and held, recovering back above the trendline before the session closed. Price sits at $0.1799 inside the Bollinger Band, with the midline at $0.1747 below and the upper band at $0.1909 as the first resistance.　　The 20-day EMA at $0.1775 and 50-day at $0.1781 are both just above current price, and the 200-day at $0.2427 is the larger May target. PI tagged the 200-day in late March and rejected sharply. A sustained close above it would be the first since the downtrend began.　　Key levels for May:Rising trendline support: $0.1650 to $0.1700Bollinger midline: $0.1747Current price: $0.1799Bollinger upper band: $0.1909100-day EMA: $0.1857200-day EMA: $0.2427　　Pi Network May 2026 Price Prediction TablePeriodPrice TargetKey LevelBiasMay 1 to May 10$0.1750 to $0.1909Bollinger upper bandNeutral, watching trendlineMay 11 to May 20$0.1909 to $0.2200Protocol 23 launchBullish on smart contract deployMay 21 to May 31$0.2200 to $0.2427200-day EMABullish if Protocol 23 drives volume　　Protocol 23 On May 11 Is The Months Real Catalyst　　#PiNetwork????Protocol 22 is now live on the mainnet ✅　　Powered by Stellar Core ????　　Progress Update:　　22.1 Completed | 23.0 Loading…　　Protocol 22 went live on Mainnet this week with version

05-01Industry

LIT Weekly Analysis May 1

LIT is stuck in a horizontal consolidation phase around $0.90 with a weekly 4% drop; while market structure maintains uncertainty, breaking the $0.9103 resistance is critical for an upward trend reversal. Accumulation signs are observed above the short-term EMA20, while the long-term trend filter emphasizes resistance pressure.　　LIT in the Weekly Market Summary　　LIT traded in the $0.87-$0.94 range with a 4.08% drop last week and stabilized at the $0.90 level. Volume profile remained limited at $16.61 million, maintaining sideways primary trend dominance. RSI at 48.64 is in the neutral zone, MACD shows a positive histogram but the trend filter points to $1.27 resistance, carrying a bearish bias. Bullish signals are present above the short-term EMA20 ($0.76), but the overall market structure is seeking an accumulation/distribution transition in the big picture. This week, multi-timeframe confluence will determine critical decision points; position traders should watch for a breakout above $0.9103 or a breakdown below $0.87. There is no significant news flow in the macro context, but BTCs sideways movement mandates a cautious approach for altcoins. Check detailed data for LIT Spot Analysis.　　Trend Structure and Market PhasesLong-Term Trend Analysis　　The long-term trend structure for LIT remains under a bearish filter; the main $1.27 resistance level

05-01Industry

Hyperliquid (HYPE) Adds 111% in Futures Flow: Will Price Follow?

After a powerful multi-week push, Hyperliquid is attempting to stabilize, but the structure is currently mixed rather than clearly bullish.　　The recovery is yet to come　　After rejecting from the mid-$40s, the price is currently hovering around the $40–$41 range. More significantly, it is testing the stability of its rising trendline. Its the core of the current uptrend, as that trendline has defined the recovery phase since March.　　HYPE/USDT Chart by TradingView　　The asset is still above its mid-term moving averages from a technical perspective, maintaining the larger recovery. Sellers are active at higher levels, though, as evidenced by the repeated rejections around $44-$46. In contrast to the earlier leg up, momentum is clearly losing strength, cooling off rather than collapsing.　　OpenAI Foundation CFO Joins $1 Billion XRP Treasury; Bitcoin‘s Worst Case by May 2026 Detailed by Expert Trader; $183 Million ’Capital Flight Hits Ethereum ETFs Amid DeFi Hack Wave – Morning Crypto Report　　Ripple Vet Doubts $10K XRP Price Target　　Derivatives data is where things become more intriguing. With short-term inflows spiking sharply and occasionally pushing well above 100% net change, futures flows exhibit sharp acceleration. There is a noticeable positive net inflow on shorter time intervals (5–30 minutes), indicating that capital is swiftly entering derivatives

05-01Industry

North Korean Hackers Hit DRIFT and KelpDAO: 577M$

North Korea-linked hackers dealt the biggest blow to the crypto sector in the first four months of 2026: they stole 577 million dollars. This accounts for 76% of global hack losses. According to the TRM Labs report, the damage focuses on two attacks in April: DRIFT detailed analysis for 285 million dollars and 292 million dollars from KelpDAO. Although only 3% of the years total hacks, the volumes are shocking.　　DRIFT Protocol Hack Details　　The Drift attack was carried out by a North Korean subgroup separate from Lazarus-linked TraderTraitor. The attackers had been in contact with Drift employees for months. From mid-March, they prepared Solana-based persistent nonce accounts. Immediately after the protocols Security Council switched to a 2/5 threshold system on April 1, they drained the vaults in 12 minutes using 31 pre-signed transactions. The funds were bridged to Ethereum and frozen. Latest development: DRIFT was delisted from Upbit and Bithumb exchanges after the hack.Main Targets: Bridges, multisig, and cross-chain infrastructuresMonitoring: THORChain flows and Solana governance pathsImpact: Sharp drop in DRIFT price, DRIFT futures volatility　　KelpDAO and the North Korean Threat　　In KelpDAO, they exploited the single validator structure of the LayerZero bridge via an RPC hack. The funds were converted to Bitcoin via

05-01Industry

Tether Prints $1 Billion Q1 Profit, But Its $8.23 Billion War Chest Remains Contested

Tether reported $1.04 billion in net profit for the first quarter of 2026 and lifted its reserve buffer to a record $8.23 billion, even as global markets churned through fresh volatility.　　The figures come from a quarterly attestation by accounting firm BDO. They confirm USD₮ liabilities sit near $183 billion against $191.77 billion in assets, leaving over $8.2 billion in surplus capital.　　Treasury yields drove the Q1 profit　　The reserves are concentrated in short-duration government paper. Direct and indirect exposure to U.S. Treasury bills reached approximately $141 billion as of March 31.　　This ranked Tether the 17th-largest holder of U.S. government debt globally, according to the company.　　Tether Posts $1.04B Q1 2026 Profit Despite Highly Volatile Global Markets, Reaches All-Time-Highs $8.23B Reserve Buffer, and Maintains U.S. Treasury-Heavy Backing　　That position is also the engine. With Treasury bills yielding above 4%, $141 billion in exposure throws off multi-billion-dollar annual interest income, the same dynamic that drove first-quarter profitability.　　The $8.23 billion buffer is, in practical terms, accumulated yield rather than externally injected capital.　　A sustained drop in short-term rates would compress the model directly.　　Gold and Bitcoin Sit Outside the Safety Net　　Beyond Treasuries, Tether holds roughly $20 billion in physical gold and $7 billion in Bitcoin (BTC). Together they account

05-01Industry