Crypto Industry News & Market Trends

MemeCore slides 15%: Why THIS support could decide Ms next move

Tech　　MemeCore slides 15%: Why THIS support could decide Ms next move　　MemeCore [M] continues to face intensified selling pressure, recording a 15% decline over the past 24 hours at press time.　　Indicators across derivatives data, chart structure, and liquidity positioning suggest that the current downtrend may persist. In fact, bearish dominance appears to be strengthening rather than easing.　　Liquidity builds around short positioning　　Liquidity data points to a growing concentration of short positions in the MemeCore perpetual futures market.　　According to recent data from , Open Interest (OI) has decreased while the Funding Rate has turned negative, a combination that typically signals rising short dominance.　　The Funding Rate dropped to the negative region in the early hours of the 28th of April, indicating that short traders are now paying funding fees, a sign that the market is skewed toward downside expectations.　　This shift aligns with a $12.3 million decrease in leveraged positions over the same period, suggesting that the remaining capital has a large short exposure as bearish conditions persist.　　From a momentum standpoint, trading volume surged by 104% in the past 24 hours to reach $114 million. The combination of rising volume and falling price indicates strong participation, with traders likely positioning for further downside.　　Bearish structure keeps

04-29Industry

USS Rafael Peralta reinforces US blockade on Iranian ports in Hormuz Strait

Tech　　USS Rafael Peralta reinforces US blockade on Iranian ports in Hormuz Strait　　The USS Rafael Peralta is actively supporting the US blockade on Iranian ports in the Strait of Hormuz. With 33 days left, the market on whether Donald Trump will announce the blockades lifting by May 31 sits at 58% YES, unchanged over the past 24 hours but down from 84% a week ago.　　The Peraltas deployment signals a firm US stance on maintaining the blockade, which works against prospects for a quick resolution. The May 31 sub-market is the primary focus. A 12-point spike occurred previously, showing volatility as traders react to new developments. The market trades $369,613 daily in face value, and it takes $124,623 to move the odds by 5 percentage points.　　The blockades reinforcement by the Peralta makes traffic normalization through the Strait of Hormuz by end of June less likely. Current odds for traffic normalization are not available, but the ongoing blockade and absence of meaningful diplomatic progress keep expectations low.　　The USS Rafael Peraltas presence and continued enforcement indicate the US is committed to maintaining pressure on Iran, reducing the likelihood of an imminent lift. A YES share in the May 31 market at 58¢ offers a

04-29Industry

Crypto News: Bitcoin ETFs Hit $102B AUM on Fourth Week of Gains While One Presale Keeps Growing

Bitcoin Crypto　　Crypto News: Bitcoin ETFs Hit $102B AUM on Fourth Week of Gains While One Presale Keeps Growing　　The post Crypto News: Bitcoin ETFs Hit $102B AUM on Fourth Week of Gains While One Presale Keeps Growing appeared first on Coinpedia Fintech News　　Crypto news this week hit hard when U.S. spot Bitcoin ETFs pulled in $824 million during the week of April 20 to 24, the fourth straight week of gains pushing total AUM past $102 billion, according to CoinDesk. BTC touched $79,000 before pulling back near $76,917, ETH climbed to $2,370 on Monday before settling near $2,320, and the sharpest wallets are already positioning.　　One presale is pulling more capital than anything else at this stage. The crypto news cycle has not caught up yet, and the window keeps narrowing with every round that fills.　　Bitcoin ETFs Cross $102 Billion AUM as Crypto News Tracks the Strongest Institutional Run of April　　BlackRocks IBIT led with roughly $733 million of the weekly total, per CoinDesk. Total Bitcoin ETF holdings now reach 1,322,094 BTC, roughly 6.3% of the entire supply. Spot Ethereum ETFs added $155 million for the week, their third straight gain, while Solana and XRP products pulled in $9.4 million and $15.7 million.　　BTC

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Galaxy Digital Q1 2026: $216M Loss and Helios Hope

Tech　　Galaxy Digital Q1 2026: $216M Loss and Helios Hope　　Galaxy Digital reported a net loss of 216 million dollars in the first quarter of 2026. The decline in crypto asset prices created heavy pressure on the balance sheet. CEO Mike Novogratz attributed the losses to the sector‘s transformation phase during the earnings call. He emphasized that digital assets have evolved from a speculative ’crypto casino‘ to a technology integrated into global industries. While the crypto market cap shrank by %21, unrealized losses formed in Galaxy’s treasury. Despite this, trading volumes remained stable; Novogratz described this as a sign that the business model is decoupled from price fluctuations.　　GLXY Stock and Data Center Strategy　　GLXY shares rose slightly around 25,30 dollars on Tuesday. The company is highlighting its Helios campus in Texas against volatility. The first data hall was delivered under the lease agreement with CoreWeave; at full capacity, it will generate over 1 billion dollars annually. Executives see this as a risk mitigation step. Data center revenues will increase in Q2; CoreWeave and Galaxy Ventures are playing a role.　　ID Technical Analysis: Critical Support and Resistance Levels　　The decline in the crypto market also affected ID. Current data:Price: $0.03 (24h: +0.65%)RSI: 42.59 | Trend: Downtrend

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Panama Canal sees transit growth amid Middle East tensions, Iran threat persists

Tech　　Panama Canal sees transit growth amid Middle East tensions, Iran threat persists　　The Panama Canal Authority expects transit growth to continue as Middle East issues remain unresolved. The market for Iran successfully targeting ships by April 30 is at 87.5% YES, up from 70% a day ago.　　The blockade of the Strait of Hormuz has diverted shipping routes through the Panama Canal as tensions in the Middle East persist. The odds of Iran targeting ships have risen sharply alongside these diversions. The market for fewer than 2 ships being targeted by April 30 is priced at 87.5%, up from 32% a week ago.　　With two days until resolution, activity has spiked. Daily volume is $579 in USDC. It takes just $221 to move the odds five points, meaning the market is thin enough that a single large trade can shift pricing significantly. The largest single move was a 24-point drop at 11:40 AM.　　The Strait of Hormuz is the chokepoint for roughly a fifth of global oil transit, and Iranian naval threats there have direct consequences for shipping costs and route planning. The odds reflect a high likelihood of Iranian action, but traders should weigh whether these tensions will produce concrete maritime incidents before

04-29Industry

AAVE Goes Live on Solana in DeFi First as Price Prediction Targets $500 and Pepeto Offers 100x From $84

Tech　　AAVE Goes Live on Solana in DeFi First as Price Prediction Targets $500 and Pepeto Offers 100x From $84　　This Solana price prediction arrives as AAVEs governance token launched natively on the Solana network this weekend through Sunrise DeFi, backed by a Solana Foundation USDT loan that marks the first time the Foundation sent funds outside its own system, per Crypto Briefing.　　SOL climbed from $80 lows to $84.25 while the Fear and Greed Index held at 33 in the fear zone, and Standard Chartered holds a $250 year-end target tied to the Firedancer upgrade.　　The bigger question inside this Solana price prediction is not the $500 target. It is what happens when $500 goes into a presale at $0.0000001867 and one listing turns that into $50,000, a return the SOL forecast would need all of 2026 to come close to matching.　　Solana Price Prediction After AAVE Launches Natively on the Network　　Solana Foundation chair Lily Liu announced the USDT loan to Aave and said the AAVE token would arrive on Solana by the weekend. Trading opened through Sunrise DeFi and is now live across Jupiter, Backpack, Phantom, Raydium, and Meteora, per Crypto Briefing. This brings DeFi‘s largest lending protocol, with roughly $15 billion in

04-29Industry

Tether Revolutionizes with Modular BTC Mining

Bitcoin　　Tether Revolutionizes with Modular BTC Mining　　Tether, the company known as the owner of USDT, the worlds largest stablecoin, has taken action for modular systems that will transform Bitcoin mining. Partnering with Canaan Inc. and ACME Swisstech, the firm is making computing units independent from power supply and cooling infrastructure. Operators can now replace individual components without discarding entire mining machines, optimizing each element separately.　　Tethers Transition from USDT to Modular BTC Mining　　Canaans hardware expertise, listed on Nasdaq, and ACMEs industrial design strengthen this structure. CEO Paolo Ardoino states that they aim to escape the cost burden created by closed units. Traditional mining equipment makes scaling difficult due to their fixed structures and inflates operating expenses.　　The Technical Power of the Canaan and ACME Swisstech Partnership　　Jack Dorsey‘s Block is also evolving in the same direction with similar modular units called Proto Rig last year. Executives like ACME Swisstech Chairman Giv Zanganeh and Ardoino emphasize that they are moving away from plug-and-play products at industrial scale and adopting a holistic approach. Canaan’s ASIC chips and production line add technical depth to the project. Tether had previously entered this field with open-source Mining OS and the Mining SDK released to the market on Monday. No

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Panama Canal sees transit growth amid Middle East tensions, Iran threat persists

04-29Industry

Chainlink Price Prediction: Link Sees Biggest 2026 Exchange Outflow as Price Holds Near $9.25

Tech　　Chainlink Price Prediction: Link Sees Biggest 2026 Exchange Outflow as Price Holds Near $9.25　　It came as almost one million LINK flowed out of exchanges, implying that holders may be moving tokens out of exchanges despite the soft price.　　On April 28, Chainlink returned to the spotlight with on-chain data showing a big outflow of tokens from exchanges.　　The market reaction was muted. LINK has traded between $9.20 and $9.23 over the last 24 hours (down 0.93%), with price action held within a narrow range. That left traders with two messages: a strong outflow and a market that hasnt yet started a stronger uptrend.　　A big Outflow Sets The Tone　　A tweet from KoinSaati, quoting Santiment, claimed that Chainlinks highest daily net exchange outflow was in 2026. It said 970,430 LINK ($8.95 million) was taken off exchanges over one day.　　Notably, the X chart net outflows are high, which means LINK holders are withdrawing their tokens from the exchanges and storing them in their own wallets or elsewhere, rather than holding them for sale.　　But the price did not react with a breakout. Instead, LINK continued to trade in the lower half of its recent price range, demonstrating that the market is still waiting for more buy-in.　　Price

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PUMP Rises Over 6% as Pump.fun Executes $370 Million Token Burn

The burn removed about 36% of the circulating supply across two on-chain transactions, according to the platform.　　Why the Burn Marks a Shift for Pump.fun　　In a post on X, Pump.fun framed the move as a “gesture of trust for the community.”　　“Over the past ~9 months, despite being one of the biggest revenue-generating platforms in crypto and allocating 100% of revenue to buybacks, we believe there was a lack of trust in the longevity of the business, the certainty of buybacks, and what the bought-back tokens would be used for. Today, uncertainty is being addressed head-on by taking a community-first approach,” the post read.　　today is a turning point for $PUMP and pump fun　　I want to give more context on the bigger picture and where were actually going.　　over the past ~9 months, 100% of revenue went into buybacks. basically no other platform in crypto has done that at this scale.　　however, we… https://t.co/3WTAHH1fUX　　— alon (@a1lon9) April 28, 2026　　In addition to the burn, the team also announced the launch of a structured buyback and burn program. Under the model, 50% of revenue generated from core products, including the bonding curve, PumpSwap, and its terminal, will route through intermediary wallets.　　Those funds will then consolidate into 1

04-29Industry

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