Crypto Industry News & Market Trends

EUR/USD: Recovery eyes full retracement – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is modestly higher versus the Dollar, supported by risk sentiment around the US/Iran conflict despite softer German trade data and slightly reduced ECB tightening expectations. Short-term technicals are described as bullish, with EUR/USD above key Fibonacci levels and rising RSI, opening scope for a move back toward the January high above 1.20.　　Bullish structure targets January highs　　“The EUR is up 0.4% vs. the USD, a mid-performer among the G10 currencies as it continues to be driven by – and recently buoyed by – broader market sentiment as it relates to the US/Iran conflict. Yield spreads have pulled back, reflecting a slight moderation in expectations for ECB tightening with June now priced at 19bpts – down about 10bpts from the hawkish peak that followed the April 30 policy meeting.”　　“Risk reversals are confirming the support from sentiment, as the options market continues to fade its modest premium for protection against EUR weakness with scope for continued support as premiums shift toward upside protection (as observed in late 2025/early 2026).”　　“Fundamental releases have been limited to weaker German trade data, reflecting a surge in (energy) imports in March, and the EUR appears to be

05-08Industry

U.S. Jobs Report Comes In Stronger Than Expected Despite U.S.-Iran War

Tech　　U.S. Jobs Report Comes In Stronger Than Expected Despite U.S.-Iran War　　The U.S. jobs report has come in stronger than expectations, signaling that the labor market remains strong despite the pressures from the U.S.-Iran war. Bitcoin slightly slipped on the back of the data release, which makes a case for the Fed to hold rates steady for now.　　U.S. Jobs Report Comes In Strong With NFP Beating Estimates　　Bureau of Labor Statistics data shows that nonfarm payrolls rose by 115,000, beating estimates of 65,000. This marks the second consecutive month in which the U.S. has added over 100,000 jobs, with March nonfarm payrolls increasing by 178,000.　　Meanwhile, the unemployment rate remained unchanged at 4.3% in April, in line with expectations. This comes despite the inflationary pressures from the U.S.-Iran war, with the U.S. jobs report signaling that the labor market remains healthy.　　Bitcoin slipped from a high of around $80,200 following the release of the U.S. jobs report. The BTC price is currently trading at around $80,000, down almost 2% on the day, according to TradingView data.　　Source: TradingView; Bitcoin daily chart　　The report is typically bearish for Bitcoin and the broader crypto market as it strengthens the case for the Fed to keep holding rates steady,

05-08Industry

Top 3 Altcoins Flashing Bullish Setups Heading Into the Weekend

Tech　　Top 3 Altcoins Flashing Bullish Setups Heading Into the Weekend　　Each coin has cleared a critical resistance level over the past week. Supporting voices on X point to extended legs higher if current consolidations resolve in favor of buyers.　　Toncoin (TON) Breaks Out Above $2.74 With Path to $3.10　　Toncoin (TON) has broken out from a multi-month accumulation zone on May 4. Daily volume on the breakout candle was the largest green print on the chart since October.　　Buying volume has continued to expand every session since. Price now trades at the 0.618 Fibonacci retracement at $2.74. The level is drawn from the August 2025 high down to the April low at $1.12.　　A daily close above this level opens the path to the 0.786 Fib at $3.10. In the event of a correction, the first major support sits at the 0.382 Fib near $2.12.　　Momentum readings have pushed near 93. The Bollinger Band Width Percentile (BBWP) also flashes extreme red readings, signaling stretched conditions. However, no bearish divergence has formed yet, which keeps the immediate trend intact.　　TON daily chart / Source: Tradingview　　The breakout coincides with fresh enthusiasm around the network. Telegram founder Pavel Durov has outlined a roadmap that puts Telegram itself as the largest

05-08Industry

CZ Says Bitcoin Recovery Could Come Faster This Cycle After Clearing October 2025 Flash Crash Blame

The post CZ Says Bitcoin Recovery Could Come Faster This Cycle After Clearing October 2025 Flash Crash Blame appeared first on Coinpedia Fintech News　　Cathie Wood and Changpeng Zhao recently discussed Bitcoin, market cycles, and the October 11 crypto flash crash during a podcast conversation that quickly gained attention across the crypto community.　　For the unversed, the October 10–11, 2025 flash crash was one of the biggest sell-offs crypto had ever seen, wiping out more than $19.5 billion in leveraged positions within 24 hours. The panic began after President Trump proposed 100% tariffs on Chinese imports.　　Since then, many theories have blamed Binance for the brutal crash. BTC at that time was at its highest peak of $125,000, dropping to $101,000 within hours. Since then, BTC failed to reach the ATH again.　　During the podcast discussion, Cathie Wood clarified that Binance was not responsible for triggering the sharp market collapse that happened during the October 11 crash.　　Cathie Wood Clears Binances Name　　Wood explained that while there was a software glitch during the event, Binance itself did not cause the market-wide drop.　　“We know there was a software glitch, but Binance did not trigger the flash crash,” she said, adding that broader tariff-related panic and extremely nervous

05-08Industry

Radiohead Brings Several Massive Albums Back To The Charts Together

Dozens of albums and songs mount comebacks on the music charts in the United Kingdom this week. This is not due to any special sales or events that turn various tunes and projects into top performers all of a sudden, but rather the disappearance of a number of recent wins after Record Store Day.　　A large group of beloved singers and groups debuted singles and albums across a variety of charts in the U.K., as is the case every year when the music industry event rolls around and then passes. Many of those projects, some of which were only released in limited quantities, disappear within a few days, and most never return. That loss of what can be dozens of releases creates a vacuum, and all of a sudden there is space for regular strong sellers and powerful streamers to return.　　Several hugely successful musical acts find their way back to various rankings across the Atlantic, and few perform as well as Radiohead this time around.　　Radioheads Returns to Multiple Charts　　Three of Radioheads full-lengths find their way back to two charts apiece. Between the three, is the biggest winner and the only one that reappears within the top 40. The groups 1997 full-length

05-08Industry

Mobile wallet zero‑days put SDKs under fire – and highlight the case for isolation

Mobile zero‑days and SDK flaws are shredding wallet trust, pushing serious users toward isolated, multi‑device signing to shrink the blast radius.Microsoft‘s EngageSDK bug and theBinance’s DarkSword iOS exploit show that even “secure” wallets can be gutted by OS and third‑party stack failures.These flaws exposed tens of millions of installations, proving that app‑level audits mean little if the underlying device and SDKs are compromised.Emerging architectures that push keys off the phone entirely, including early-access projects like Lock.com, trade UX friction for a dramatically reduced blast radius.Architectures like Lock.coms isolated signer push keys off the phone entirely, trading UX friction for dramatically reduced catastrophic loss risk.　　The latest wave of mobile vulnerabilities is again exposing how much trust retail users unknowingly place in third‑party software development kits (SDKs) and phone operating systems – and why some security teams are accelerating a shift toward fully isolated signing environments.　　Earlier this month, Microsoft detailed a severe intent‑redirection flaw in EngageLabs EngageSDK, a widely used Android push‑notification library embedded in dozens of financial and crypto wallet apps. The bug allowed malicious apps on the same device to hijack Android intents and bypass the OS sandbox, potentially accessing sensitive data, credentials and transaction information stored inside affected wallets.

05-08Industry

Perp DEXs still dont work for institutions, consensus panelists explain why

Institutional investors have increasingly gained exposure to bitcoin and other major tokens through ETFs and centralized exchanges.　　However, they have largely stayed away from decentralized exchanges (DEXes) offering perpetual (perp) futures tied to crypto and tradfi assets, panelists said at Consensus Miami, citing security risks and a mismatch between DeFis permissionless design and institutional identity and compliance requirements.　　The session titled “Perp DEX Explosion: Bullish Volumes Michaël van de Poppe, founder and CIO of MN Fund and Michael Anderson of Canary Labs. Jason Atkins, chief commercial officer at liquidity provider Auros, moderated the discussion.　　The discussion focused on perpetual-focused decentralized exchanges and what it would take for them to attract institutional capital and scale up.　　Wizard of SoHo said that institutions are unlikely to move onto perp DEXs easily due to recurring security/exploit risks highlighted by the recent multi-million-dollar hack of Drift, and that the next major competitive battleground for all perp DEXs will be whether any of them can safely onboard institutional capital.　　“How do you convince the big institutional players to go on the perp devs？ I think that‘s going to be the biggest challenge, especially given the exploit on Drift. And, you know, we’ve had a lot of exploits lately,” he said.　　Canary

05-08Industry

X Pushes Deeper Into Trading With Live Cashtag Charts and Prices

Bier‘s announcement quickly drew significant attention from traders already active on the platform for market commentary. The strong engagement highlights growing interest in X’s evolving financial features, which build on the smart cashtags framework now spanning both stocks and crypto.　　The earlier rollout drove an estimated $1 billion in trading volume inside its first 48 hours. Embedded market data appears to convert attention into real transactions.　　Bier Confirms YTD Timeframe Is Coming　　A trader replied to the announcement, asking for a year-to-date chart option. Bier answered with two words.　　“Coming soon,” Bier said on X.　　The exchange points to active iteration on charting tools rather than a one-time feature drop. Year-to-date views are standard on dedicated trading platforms. They let users compare performance against benchmarks without leaving X.　　X Pushes Deeper Into Native Trading　　The cashtag overhaul fits a wider strategy that turns the social feed into a trading surface. X has already tested in-feed trading and rolled out a crypto trading terminal tied to Smart Cashtags.　　The push aligns with Musks broader “everything app” vision for X. The platform already includes XChat and the planned X Money wallet built with Visa.　　Live charts inside posts move the platform closer to dedicated apps such as Robinhood and TradingView. On

05-08Industry

Silver price rises on Dollar weakness as markets await NFP report

Finance　　Silver price rises on Dollar weakness as markets await NFP report　　Silver (XAG/USD) extends its bullish momentum on Friday, trading around $80.85 at the time of writing, up 3.15% on the day. The white metal benefits from renewed weakness in the US Dollar (USD), while investors remain cautious amid geopolitical tensions in the Middle East and ahead of the United States (US) Nonfarm Payrolls (NFP) release.　　The US Dollar loses ground despite the latest exchange of attacks between the US and Iran near the Strait of Hormuz. Iran accused Washington of targeting Oil vessels and civilian areas, while the US reported missile and drone attacks against its naval forces. However, US President Donald Trump attempted to reassure markets on Thursday, stating that the ceasefire agreement remains intact.　　The softer USD environment is supporting demand for precious metals, including Silver, as a weaker Greenback makes dollar-denominated assets more attractive for international investors.　　Market participants are now focused on the US April NFP report, scheduled for release later on Friday. Economists expect the US economy to have added 62K jobs in April, significantly below the previous 178K increase recorded in March, while the Unemployment Rate is expected to remain stable at 4.3%. Investors will also closely

05-08Industry

Tether Launches Edge-Based Medical AI Models to Enable Private Medical Intelligence

Tether, the issuer of the top stablecoin “$USDT,” has officially unveiled QVAC MedPsy. QVAC MedPsy is an exclusive group of open-source medical AI models specified for deployment on laptops, smartphones, and the rest of the edge devices. As per Tethers official press release, the development denotes a key step in advancing its wider AI strategy within the QVAC network. Additionally, MedPsy frameworks are focused on the provision of expert-scale healthcare reasoning without any reliance on costly enterprise hardware or cloud servers.　　Tether Launches QVAC MedPsy to Enable Decentralized Medical AI on Edge Devices　　With the launch of QVAC MedPsy, Tether is providing sovereign and decentralized infrastructure for efficient healthcare reasoning with no dependence on capital-intensive enterprise-scale hardware or cloud servers. These lightweight models, compatible with edge devices, including laptops and smartphones, can outcompete the bigger medical AI mechanisms while also maintaining solid privacy protections via completely local inference.　　The launch underscores the growing merger between decentralized technologies and healthcare, while AI institutions are competing to develop effective device-based intelligence solutions. The exclusively introduced QVAC MedPsy lineup takes into account a couple of text-only medical language frameworks, including MedPsy-4B and MedPsy-1.7B. The AI research group of Tether Data points out that these models offer

05-08Industry

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