Crypto Industry News & Market Trends

Bitcoin ETFs pull in $1.7B in five-day inflow streak

U.S. spot bitcoin exchange-traded funds have extended their inflow streak to five straight sessions, drawing nearly $1.7 billion as institutional demand has continued alongside Bitcoins recovery above $80,000.Bitcoin ETFs have attracted nearly $1.7 billion during a five-day inflow streak led by strong demand for BlackRocks IBIT.Bitcoin price climbed back above $81,000 as easing tensions between the U.S. and Iran improved investor appetite for risk assets.　　According to SoSoValue data, the group of spot bitcoin ETFs recorded $46.3 million in net inflows on Wednesday after BlackRock‘s IBIT brought in $134.6 million, offsetting withdrawals from Fidelity’s FBTC and three other funds. The latest session pushed cumulative inflows during the five-day run to roughly $1.69 billion.　　SoSoValue data also showed the ETFs were heading toward a sixth consecutive week of positive net flows, a stretch not seen since July 2025.　　Institutional demand has returned while Bitcoin trades between the $81,000 to $82,000 range after recovering from February lows near $62,000.　　As reported by crypto.news, Bitcoin climbed back above $81,500 after briefly falling to an intraday low of $80,771 following rejection near a four-month high of $82,751, according to market data.　　Investor sentiment improved after reports indicated Iran was reviewing a U.S.-backed ceasefire proposal delivered through Pakistani intermediaries.　　Reports said

05-07Industry

USD: Softer tone as Fed seen delaying cuts – MUFG

Finance　　USD: Softer tone as Fed seen delaying cuts – MUFG　　MUFGs Lloyd Chan notes the US Dollar (USD) has softened as US Dollar Index (DXY) retests support and US yields fall, while equities hit new highs. Recent US data show stronger ADP employment but worrying ISM services inflation and weak employment. MUFG argues this creates a policy dilemma and sees the Federal Reserve (Fed) more likely to delay rate cuts than resume hikes over the next year.　　Policy dilemma weighs on Dollar outlook　　“On the data front, April ADP employment rose to +109k from +61k in March. But the latest ISM services survey is more concerning. Prices paid rose to a three year high, while services employment stayed in contraction.”　　“From a policy standpoint, this creates a dilemma for policymakers. We think the Fed is more likely to delay on rate cuts rather than to pivot back to rate hikes. And should there be meaningful deterioration in labour market conditions, monetary policy may err on the side of easing over the next 12 months – an outcome that remains underpriced by markets.”　　“The dollar softened, with DXY retesting support near 97.60, while US 10-year yields fell around 8bp to 4.35%. Brent prices have fallen back

05-07Industry

Toncoin Jumps 32% in 24 Hours as Pavel Durov Pushes Telegram Deeper Into TON

Tech　　Toncoin Jumps 32% in 24 Hours as Pavel Durov Pushes Telegram Deeper Into TON　　The native token of The Open Network, Toncoin (TON), rose to $2.89, surging by nearly 32% in 24 hours. The jump continued an ascent that began shortly after Telegram founder and CEO Pavel Durov announced a sixfold fee reduction and a major strategic pivot for the network. While the growth was significant, TONs climb was not a straight line; the price wobbled shortly after passing the $2.50 mark for the first time.　　Market data shows TON slipped by 12% shortly after reaching $2.53, staying below that level until Wednesday evening. A second rally saw TON climb from $2.45 at 9:20 p.m. EDT on May 6 to $2.89 at 3:09 a.m. EDT on May 7, its highest level since Oct. 7, 2025.　　The rally follows what industry analysts, including Elliotrades, describe as a “regime change” for the blockchain. Since a legal battle with the U.S. Securities and Exchange Commission (SEC) forced Telegram to distance itself from the project years ago, TON has been managed independently by the TON Foundation. Durov‘s recent announcement that Telegram will replace the foundation as the network’s largest validator effectively “pulls the chain back inside the

05-07Industry

DeFi Exploit Wave Worsens With $5.87M At TrustedVolumes Hack And Increased Security Concerns

Finance　　DeFi Exploit Wave Worsens With $5.87M At TrustedVolumes Hack And Increased Security Concerns　　The breach is part of a growing list of vulnerabilities afflicting the ecosystem, and adds to the tally as at least five DeFi exploits have been reported this month.　　Blockchain security firm Blockaid attributed the hack to an attacker who managed to successfully drain 1,291.16 WETH, 206,282 USDT, 16.939 WBTC and 1,268,771 USDC, all transacted on Ethereum network.　　When news first broke, the scale of the breach was staggering, but even more staggering is that it happened as DeFi protocols are facing increased scrutiny for their security.　　The attack is said to still be ongoing, which has created an urgency within security teams and the crypto community at large to stop any further losses. As money continues to change hands, investigators have begun tracking on-chain movements in real time.　　In a troubling turn of events, Blockaid has linked the exploit of TrustedVolumes to the same actor that perpetrated the 1inch Fusion V1 March 2025 Attack. The connection suggests a pattern of serial attacks and raises tantalising questions about how established threat actors continue to exploit vulnerabilities across multiple DeFi underbelly.　　This attackers return highlights an industry-wide systemic error of insufficient deterrence and improper

05-07Industry

SecondFi and Wirex Partner to Launch Self-Custodial Card, Putting Global Users in Full Control of Their Money

Tech　　SecondFi and Wirex Partner to Launch Self-Custodial Card, Putting Global Users in Full Control of Their Money　　SecondFi and Wirex have introduced a self-custodial card that enables users to spend both cryptocurrency and fiat at locations where Visa is accepted, while retaining control of their funds. The development follows the rollout of the Cardano Card and reflects ongoing interest in solutions focused on asset ownership.　　SecondFi, the self-custodial neofinance platform from EMURGO, a co-founding entity of the Cardano blockchain, today announced a deepened partnership with Wirex, the global digital payments platform trusted by over 7 million users across 130 countries. Together, they will launch SecondFis first-ever self-custodial card that enables users to spend directly from their own wallets while retaining full control of their funds at all times.　　The partnership builds on the first phase of the collaboration, in which EMURGO launched the Cardano Card with Wirex as the card issuer at the Cardano Summit 2025 a fully custodial solution that saw strong early adoption and represented Cardanos largest entry into digital payments. Following the launch, the Cardano community delivered clear and consistent feedback: they wanted the same seamless spending experience, but with true self-custody. That demand became the catalyst for this next

05-07Industry

NEAR Intents Integrate With Ledger Wallet For Users To Execute Secure DeFi Cross-Chain Transactions

In a major development aiming to enhance digital asset security and user-focused solutions, NEAR Intents, a DeFi multichain transaction protocol, today entered into a strategic partnership with Ledger Wallet, a recognized secure self-custody hardware crypto wallet network. This collaboration enabled NEAR Intents to integrate Ledgers cold wallet infrastructure to advance security operations on its DeFi multichain transaction network.　　NEAR Intents is a DeFi omnichain liquidity protocol that powers single-click multichain swaps and unified liquidity for on-chain markets and tokenized RWAs (real-world assets). This AI-powered intent-based transaction infrastructure allows users to express their desired actions (outcomes), and consequently, the NEAR Intents system unlocks seamless multi-chain swaps for DeFi customers.　　NEAR Intents Connect With Ledger Wallet　　With the partnership above, NEAR Intents‘ universal DeFi liquidity protocol is now fully integrated and supported by Ledger Wallet’s advanced cold storage solutions.　　The integration of NEAR Intents‘ omnichain liquidity protocol with Ledger’s cutting-edge non-custodial wallet architecture marks a new era for NEAR Intents users, ensuring outstanding protection for their DeFi assets and cross-chain applications against potential cybersecurity threats and on-chain vulnerabilities. Ledger Wallet, with its unmatched history in digital asset safeguard and protection, now functions as a protected structure for NEAR Intents users.　　Empowering Users In Web3 Economy　　The integration with

05-07Industry

Eurozone Retail Sales decline moderately by 0.1% MoM in March vs. 0.3% estimates

Finance　　Eurozone Retail Sales decline moderately by 0.1% MoM in March vs. 0.3% estimates　　Eurozone Retail Sales, a key measure of consumer spending, decline by 0.1% month-on-month (MoM) in March, while it was expected to contract at a steady pace of 0.3%. Februarys figure was revised lower to -0.3% from -0.2%.　　On an annualized basis, the consumer spending measure expands at a stronger pace of 1.2% against 1% estimates, but slower than the previous reading of 1.3%, revised lower from 1.7%.　　Market reaction　　The Euro (EUR) remains neutral to the Eurozones Retail Sales data, with risk-on impulse dominating global markets. As of writing, EUR/USD trades 0.2% higher at around 1.1770.

05-07Industry

NEAR Intents Integrate With Ledger Wallet For Users To Execute Secure DeFi Cross-Chain Transactions

In a major development aiming to enhance digital asset security and user-focused solutions, NEAR Intents, a DeFi multichain transaction protocol, today entered into a strategic partnership with Ledger Wallet, a recognized secure self-custody hardware crypto wallet network. This collaboration enabled NEAR Intents to integrate Ledgers cold wallet infrastructure to advance security operations on its DeFi multichain transaction network.　　NEAR Intents is a DeFi omnichain liquidity protocol that powers single-click multichain swaps and unified liquidity for on-chain markets and tokenized RWAs (real-world assets). This AI-powered intent-based transaction infrastructure allows users to express their desired actions (outcomes), and consequently, the NEAR Intents system unlocks seamless multi-chain swaps for DeFi customers.　　NEAR Intents Connect With Ledger Wallet　　With the partnership above, NEAR Intents‘ universal DeFi liquidity protocol is now fully integrated and supported by Ledger Wallet’s advanced cold storage solutions.　　The integration of NEAR Intents‘ omnichain liquidity protocol with Ledger’s cutting-edge non-custodial wallet architecture marks a new era for NEAR Intents users, ensuring outstanding protection for their DeFi assets and cross-chain applications against potential cybersecurity threats and on-chain vulnerabilities. Ledger Wallet, with its unmatched history in digital asset safeguard and protection, now functions as a protected structure for NEAR Intents users.　　Empowering Users In Web3 Economy　　The integration with

05-07Industry

1inch Liquidity Provider Trusted Volumes Exploited for $5.87 Million

Tech　　1inch Liquidity Provider Trusted Volumes Exploited for $5.87 Million　　The post 1inch Liquidity Provider Trusted Volumes Exploited for $5.87 Million appeared first on Coinpedia Fintech News　　Another major DeFi attack has shaken the crypto market. A liquidity provider tied to 1inchs Trusted Volumes system has reportedly been exploited for nearly $5.87 million, with attackers draining millions in WETH, USDT, WBTC, and USDC.　　More concerningly, blockchain security firms warn that the exploit may still be ongoing, meaning additional losses could still occur.　　So, how did the exploit happen？　　How the Trusted Volumes Exploit Happened　　Security researchers at Blockaid revealed that attackers exploited a vulnerability in the Trusted Volumes resolver contract. This vulnerability allowed them to execute malicious orders directly from users wallets.　　The attack worked by abusing a public function in the contract. Using this function, the attacker was able to add themselves as an “Allowed Order Signer.” Once they gained this permission, they could use old wallet approvals that users had previously granted to move funds.　　Blockaids exploit detection system has identified an on-going exploit on TrustedVolumes (1inch market maker / resolver, @trustedvolumes ).　　Chain: Ethereum　　Victim contract: TrustedVolumes resolver — 0x9bA0CF1588E1DFA905eC948F7FE5104dD40EDa31　　Exploiter:…　　— Blockaid (@blockaid_) May 7, 2026　　What made the exploit especially dangerous is that users did not need to approve

05-07Industry

BCH Price Prediction: $520 Breakout or $430 Collapse Within 72 Hours

The Immediate Setup　　Bitcoin Cash is trading in the danger zone at $474, having ripped 6.28% higher in the last 24 hours while dancing precariously above its upper Bollinger Band at $468. The RSI at 62.17 shows buyers are getting aggressive but haven‘t hit overbought territory yet, while the MACD histogram sits dead flat at zero – a classic sign that momentum is about to pick a direction fast. With daily volatility running at $12.12 ATR, we’re looking at potential $25+ moves in either direction over the next 48-72 hours.　　The price action screams distribution phase, with that intraday high of $485.86 getting smacked down hard. Smart money appears to be taking profits into this rally, but retail sentiment hasnt caught up yet.　　Key Levels Exposed　　The technical picture reveals a clear battle zone between $450-$493. BCH is currently trading above all short-term moving averages, with the SMA 7, 20, and 50 clustered tightly around $451-$452 – forming a potential launching pad if bulls can hold these levels. However, the 200-day SMA at $519.26 looms large as the ultimate resistance target that could define Blockchain.news traders next major move.　　The immediate resistance at $493.53 represents the first major hurdle, but the real prize sits at

05-07Industry