Crypto Industry News & Market Trends

Bernstein backs Circle with $190 target as ARC presale reaches $222 million

Bernstein has maintained its Outperform rating on Circle Internet Group with a $190 price target after the companys $222 million ARC token presale and continued USDC growth helped offset pressure from falling reserve income.Bernstein kept its Outperform rating on Circle and set a $190 price target after the company raised $222 million through its ARC token presale.USDC supply reached $77 billion in Q1, while Circle Payments Network annualized transaction volume approached $10 billion.Bernstein said Arcs testnet processed more than 244 million transactions as Circle expanded its AI-focused payment infrastructure around USDC.　　According to a Tuesday client note from Bernstein analysts led by Gautam Chhugani, the brokerage sees Circles expanding blockchain and payments business as supporting earnings visibility even as lower interest rates reduced reserve-related revenue during the first quarter.　　Circle shares closed at $131.76 on Monday, based on data from Yahoo Finance, leaving Bernsteins target roughly 44% above the current level.　　The analysts said Circle generated $694 million in Q1 revenue and reserve income, up 20% from a year earlier, although the figure came in around 4% below consensus expectations due to weaker reserve income. Adjusted EBITDA reached $151 million, about 10% ahead of analyst estimates, while Circle maintained what Bernstein described as

05-12Industry

Web3 salaries fall to lowest level since 2021, Finbold data shows

Web3 salaries have fallen sharply in 2026, hitting their lowest level in half a decade, and all that just a year after peaking at record highs in early 2025.　　As the latest Finbold analysis shows, the average Web3 worker in May 2026 earns around $138,000 a year – a steep 75.1% decline from the January 2025 peak of $553,000.　　Compared to, for example, December 2021 levels at around $205,000, salaries are down roughly 32.7%. In other words, the current figures reflect a sustained cooling trend, not a sudden shift. The uptick in early 2025 was one of the isolated incidents, comparable ones taking place in April, June, and December.　　Web3 salaries decline　　For further comparison, the average yearly salary during the period between December 2021 and May 2026 was around $239,000, meaning that those employed in the sector now earn 42% less than would be expected, looking at the numbers in the period.　　More specifically, the average salary stood at approximately $293,000 in 2022 before declining to about $223,000 in 2023 and further to $206,000 in 2024. The industry somewhat rebounded in 2025, with the yearly average climbing to roughly $275,000, propped by the above-mentioned January record.　　However, as the numbers suggest, that momentum has since

05-12Industry

Panic Selling Is Behind Bitcoin, But Strong Capital Inflows Are Missing: Find Out Where the Market Actually Stands

For updates and exclusive offers enter your email.　　Sebastians journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.　　As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastians contributions quickly gained recognition, and he became a trusted voice in the online crypto community.　　To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.　　Sebastians

05-12Industry

JUST (JST) Holds $0.0889 as DeFi Sector Tracks $3 Billion Circle Arc Launch and Solana Alpenglow Upgrade

Circle is positioning itself as more than a stablecoin issuer with the upcoming launch of Arc, a purpose-built blockchain valued at roughly $3 billion following a $222 million token presale. The round drew capital from a16z crypto, Apollo, BlackRock and ARK Invest, and shares of the USDC issuer climbed more than 15% on the announcement day. CEO Jeremy Allaire pitched Arc as an institutional-grade rail for tokenized finance and payments, designed to be operated by regulated financial firms. The development is closely watched across the DeFi landscape, where stablecoin infrastructure plays a central role in liquidity flows on networks like Tron, where JST operates.　　OpenAI has unveiled the OpenAI Deployment Company, a majority-owned subsidiary aimed at embedding specialized engineers inside enterprises running complex AI projects. The unit launches with more than $4 billion in committed capital at a $10 billion valuation, backed by 19 firms including TPG, Goldman Sachs, SoftBank, Capgemini and McKinsey. To staff the entity from day one, OpenAI agreed to acquire U.K.-based applied AI consulting firm Tomoro, bringing approximately 150 deployment engineers. The move closely mirrors a $1.5 billion enterprise venture revealed days earlier by Anthropic, signaling that the next phase of AI competition is shifting toward implementation

05-12Industry

Phillies Cut Ties With Veteran Outfielder After Very Brief Reunion

The Philadelphia Phillies have enjoyed a surge in the record books after making a dramatic change at the top.　　After bench coach Don Mattingly took over for long-time skipper Rob Thomson, the team has won four straight series, with the starting pitching staff becoming much more effective and some position players finding their groove.　　For instance, after Mattingly encouraged beleaguered infielder Alec Bohm to take a few days off from hitting, he returned to the lineup with much better results. And amid some public praise from the new manager, outfielder Brandon Marsh has emerged as Major League Baseballs overall batting average leader.　　Philadelphia Phillies Cut Ties With Veteran Outfielder Oscar Mercado　　But as the team starts to get more from its personnel, the organization also decided to cut ties with a long-tenured outfielder on Sunday as the Phillies released Oscar Mercado from their Triple-A affiliate Lehigh Valley IronPigs, per the transaction log.　　The Phillies signed Mercado to a minor-league deal in March after he saw 34 plate appearances and a .242/.265/.333 slash line in preseason with the Arizona Diamondbacks. Mercado also played for the IronPigs last season, which evidently left an impression on the club.　　“Mercado had a solid season with the Phillies Triple-A club in

05-12Industry

Ray Dalio Says Bitcoin Still Fails as a Safe-Haven Asset

He argued that Bitcoins transparent blockchain makes transactions traceable, which could limit its appeal as a reserve asset for governments and central banks. Dalio also pointed out that investors often sell Bitcoin during financial pressure, unlike gold, which has historically maintained its reputation as a store of value.　　Ray Dalio Warns Bitcoin Is Not Replacing Gold　　, founder of Bridgewater Associates, recently that Bitcoin has not lived up to expectations as a asset during periods of financial uncertainty. In a May 11 post, Dalio explained that while Bitcoin receives enormous global attention, it still falls short of gold when markets experience stress and volatility.　　According to Dalio, one of Bitcoins biggest weaknesses is its lack of privacy. He pointed out that transactions on the Bitcoin blockchain can be traced and monitored, which may reduce its attractiveness for governments and central banks looking for reserve assets.　　Bitcoins blockchain was designed to be transparent so that transactions can be verified without relying on a central authority. However, Dalio believes this transparency creates a tradeoff, because financial activity can potentially be tracked and controlled. In his view, this makes Bitcoin less suitable as a long-term reserve asset compared to gold.　　Dalio also pointed to Bitcoins market behavior during

05-12Industry

XRP ETFs just recorded their biggest daily inflow yet

On May 11, the United States spot XRP exchange-traded funds (ETFs) recorded the largest daily cash inflow since January 5, 2026.　　The U.S. spot XRP ETFs registered a net inflow of approximately $25.80 million on Monday, according to data from analyzed by Finbold on May 12. As such, these funds cumulatively hold tokens valued at about $1.18 billion at press time.　　Spot XRP ETFs daily flow. Source: SoSoValue　　The highest single-day inflow in 2026 was $46.10 million, posted on January 5. Since the beginning of May, these ETFs have not logged any negative days, thereby signaling a potential renewal of institutional demand.　　Franklin XRP ETF (XRPZ) was the best-performing, as it attracted $13.62 million in net inflows on Monday. Having reported its highest daily cash inflow at the beginning of this week, the XRPZ had a total assets of $286.82 million at the time of publication.　　XRPZ 2026 daily flow chart. Source: SoSoValue　　Meanwhile, the Bitwise XRP ETF (XRP) and Grayscale XRP Trust ETF (GXRP) posted a net cash inflow of $7.59 million and $4.59 million, respectively.　　XRP price gains bullish momentum on renewed institutional demand　　Following the notable renewed demand for this token in the United States, its price has signaled bullish sentiment. Over the past seven

05-12Industry

Ripple crypto Analysis: 3 Scenarios for XRPs Pivot

XRP/USDT — daily chart with candlesticks, EMA20/EMA50 and volume.Daily (macro bias) — Neutral with a bullish tilt until the 200-day is reclaimedEMA: 20D = 1.42, 50D = 1.42, 200D = 1.78 — Price at 1.46 is above the 20/50 but well below the 200. The medium term is repairing. The long-term downtrend line still caps rallies.RSI (14): 60.2 — Healthy buying pressure without being stretched; room to extend if levels give way.MACD: line 0.02 vs signal 0.01, hist 0.01 — Positive but thin momentum; needs follow-through above resistance to matter.Bollinger Bands: mid 1.41, upper 1.48, lower 1.35 — Price is near the upper band; buyers are pressing the edge of the range but havent broken out.ATR (14): 0.04 — Compressed daily volatility; breaks can travel once they start, but fakeouts are common when ranges are tight.Pivots: PP 1.47, R1 1.48, S1 1.45 — Trading just under PP. Acceptance above 1.47/1.48 is the first real tell for an expansion higher. Losing 1.45 hands the ball back to mean reversion.　　1H (tactical confirmation) — Flat and indecisiveEMA: 20H = 1.47, 50H = 1.46, 200H = 1.43 — Price is pinned between the short EMAs. Trendless chop above the 200H shows support beneath but

05-12Industry

Trading expert sets date when Micron stock will hit $3,000

Following its explosive rally in 2026, semiconductor giant Micron Technology (NASDAQ: MU) could still have substantial upside ahead, with a trading expert projecting the stock may surge toward $3,000 over the next few years.　　In a analysis published on May 11, technical analyst argued that Micron is following a long-term chart structure similar to the companys historic rally during the late 1980s and 1990s technology boom.　　According to the analyst, the stock appears to be entering a temporary “pause phase” before another major breakout.　　The analysis noted that Micron has maintained a strong uptrend since rebounding from its April 2025 lows near the monthly 100-period moving average.　　said the current setup mirrors the companys historic post-IPO advance, which featured repeated cycles of sharp rallies followed by lengthy consolidations inside a broader ascending channel.　　The analyst also highlighted the monthly Relative Strength Index (RSI), which has climbed into heavily overbought territory near 89. The current structure resembles Microns “second pause” during its 1995 rally, when the stock traded sideways for an extended period before resuming its upward move.　　Based on the fractal analysis, projected that Micron could remain in consolidation through much of 2026 as momentum indicators cool while the broader bullish trend remains intact.　　The forecast then

05-12Industry

SUI Price Today: Sui at $1.20 After 27% Weekly Surge From $0.94 – Can It Hold the Breakout?

Sui is trading near $1.20 on May 12, 2026, after one of its biggest weekly moves in months. The CoinMarketCap 1W chart shows it clearly: SUI ground slowly higher from the $0.9471 weekly open, then exploded on May 10 to 11 on the back of two concrete catalysts, touching a high near $1.40 before the current pullback.　　From $0.94 to $1.40 is a 48% move. Giving back some of that to $1.20 is not a surprise. The question is whether $1.20 holds or whether this weeks candle becomes a shooting star that gets fully unwound.　　What Drove the Move　　Two things hit on May 9 to 10 and the chart responded immediately to both.　　A Nasdaq-listed company disclosed it had staked a significant portion of SUIs circulating supply. Institutional staking at that scale removes tokens from liquid supply and sends a public signal that a regulated entity is making a long-term bet. Price jumped 13% on that news alone.　　The same day, at the Sui Live event in Miami, Nigerian fintech Paga announced a deep integration with the Sui blockchain using the USDsui stablecoin to offer dollar accounts, tokenized real-world assets, and cross-border payments to its user base. Paga processed $11 billion in 2025. That

05-12Industry

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