Crypto Industry News & Market Trends

WTI consolidates above $93.00 as traders weigh US-Iran peace hopes

Finance　　WTI consolidates above $93.00 as traders weigh US-Iran peace hopes　　West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a range during the Asian session on Thursday and, for now, seems to have stalled the previous days modest bounce from sub-$87.00 levels, or over a two-week low. The black liquid currently trades just above mid-$92.00s, down nearly 0.65% for the day, amid mixed cues.　　Investors turned optimistic over a potential agreement to end the Iran war and reopen the Strait of Hormuz after US President Donald Trump said that a deal with Iran was very possible. This, in turn, is seen as a key factor undermining Crude Oil prices, though the downside remains cushioned as investors reassess the likelihood of a peace deal. Adding to this, a broadly weaker US Dollar (USD), which tends to benefit the USD-denominated commodity, contributes to limiting losses for the black liquid.　　Iran‘s state-linked media pushed back against claims of a broader agreement, while the Iranian Students’ News Agency said that the US proposal includes provisions that Tehran has already rejected in recent days. Furthermore, the BBC reported that Iran is still reviewing the US proposal to end the conflict and lift the

05-07Industry

Solana Sees Rising Social Hype, Yet Network Activity Is Falling

Tech　　Solana Sees Rising Social Hype, Yet Network Activity Is Falling　　Data shows social media sentiment around Solana has been rising recently, but network utility has actually followed the opposite path.　　Solana Active Addresses Have Been On The Decline　　In a new post on X, analytics firm Santiment has talked about how a couple of key metrics related to Solana have changed recently. The indicators in question are the Positive/Negative Sentiment and Daily Active Addresses.　　First, the Positive/Negative Sentiment compares the bullish and bearish sentiments related to a given asset that are currently present on the major social media platforms. The indicator works by first separating positive and negative comments containing mentions of the asset using a machine-learning model and then taking the ratio of their counts.　　As the chart below shows, the Positive/Negative Sentiment has been going up for Solana recently, implying an improvement in investor mood around the cryptocurrency.　　Back in February, the indicator had plummeted for Solana as a consequence of the price crash. But even then, its value didnt drop below the 1 level, meaning that sentiment never outright turned bearish, at least from the perspective of this metric.　　From the graph, its visible that the improvement in sentiment was gradual at first, but

05-07Industry

Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at the 11-week high

Finance　　Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at the 11-week high　　GBP/USD Price Forecast: Holds gains near 1.3600 as bullish bias prevails　　GBP/USD remains stronger for the third consecutive day, trading around 1.3600 during the Asian hours on Thursday. The technical analysis of the daily chart indicates an improving bullish trend as the pair rebounds from the lower boundary of the ascending channel.　　GBP/USD keeps a constructive bullish bias as it holds just above the 1.3600 horizontal pivot. The pair also trades over the nine-period Exponential Moving Average (EMA) and the 50-period EMA, suggesting the broader uptrend remains supported. Read more…　　GBP/USD hesitates with NFP and UK construction PMI in focus　　GBP/USD gained around 0.4% on Wednesday, settling close to 1.3595 after testing 1.3645 and failing to clear the 1.3600 handle on the close. The pair has hesitated at the upper end of recent congestion, with a cluster of upper wicks and small-bodied candles near the session high pointing to fading conviction as bulls struggle to build momentum at this resistance zone.　　On the UK side, the April S&P Global Composite and Services Purchasing Managers‘ Index (PMI) prints both beat consensus on Wednesday at 52.6 and 52.7 respectively, suggesting private sector activity

05-07Industry

Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at the 11-week high

Finance　　Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at the 11-week high　　GBP/USD Price Forecast: Holds gains near 1.3600 as bullish bias prevails　　GBP/USD remains stronger for the third consecutive day, trading around 1.3600 during the Asian hours on Thursday. The technical analysis of the daily chart indicates an improving bullish trend as the pair rebounds from the lower boundary of the ascending channel.　　GBP/USD keeps a constructive bullish bias as it holds just above the 1.3600 horizontal pivot. The pair also trades over the nine-period Exponential Moving Average (EMA) and the 50-period EMA, suggesting the broader uptrend remains supported. Read more…　　GBP/USD hesitates with NFP and UK construction PMI in focus　　GBP/USD gained around 0.4% on Wednesday, settling close to 1.3595 after testing 1.3645 and failing to clear the 1.3600 handle on the close. The pair has hesitated at the upper end of recent congestion, with a cluster of upper wicks and small-bodied candles near the session high pointing to fading conviction as bulls struggle to build momentum at this resistance zone.　　On the UK side, the April S&P Global Composite and Services Purchasing Managers‘ Index (PMI) prints both beat consensus on Wednesday at 52.6 and 52.7 respectively, suggesting private sector activity

05-07Industry

Crypto thief gets 78 months as $250M wallet ring collapses

A federal court in Washington, D.C., sentenced Marlon Ferro, 20, of Santa Ana, California, to 78 months in prison over his role in a social engineering group that stole well over $250 million in crypto from U.S. victims. Ferro received 78 months after prosecutors linked him to burglaries targeting high-value crypto hardware wallets.The ring stole over $250 million through fake calls, database hacks, laundering, and residential break-ins.FBI data shows crypto fraud losses topped $11 billion as global enforcement actions keep widening.　　The Justice Department said the court also ordered three years of supervised release and $2.5 million in restitution.　　Ferro, also known as “GothFerrari,” pleaded guilty on Oct. 17, 2025, to one count of conspiracy to participate in a Racketeer Influenced and Corrupt Organization. U.S. Attorney Jeanine Ferris Pirro said Ferro acted as the groups “instrument of last resort,” a phrase that described his alleged role when online tricks failed.　　Online fraud turned into home break-ins　　Prosecutors said the group used several roles to find and steal from crypto holders. Those roles included database hacking, target selection, fake calls, laundering, and burglary. The group operated from late 2023 to early 2025 and had members in California, Connecticut, New York, Florida, and abroad.　　Court records said

05-07Industry

White House targets July 4 for Clarity Act passage, says crypto adviser Patrick Witt

The White House is aiming for July 4 for Congress to pass the Digital Asset Market Clarity Act, Patrick Witt, executive director of the President‘s Council of Advisors for Digital Assets, told CoinDesk’s Consensus Miami conference on Wednesday.　　“Were targeting July 4th. I think that would be a tremendous birthday present for America, celebrating our 250th,” Witt said. The mechanics, according to Witt, are: Senate Banking Committee markup this month, four working Senate weeks in June for floor passage and enough runway for a U.S. House of Representatives vote before the Independence Day deadline.　　That timeline runs ahead of the prediction Sen. Kirsten Gillibrand shared on the same stage earlier in the day, when the New York Democrat predicted Clarity would reach the presidents desk by the first week of August.　　“Theres not a lot of slack left in the rope right now,” Witt said. “But it is an achievable timeline.”　　The path to markup opened when Sen. Thom Tillis (R-NC) and Sen. Angela Alsobrooks (D-MD) released a compromise on the bills stablecoin-yield provisions in early May, banning bank-deposit-equivalent yield on stablecoins while leaving room for rewards tied to spending. Witt said the White House convened banks and crypto firms to fashion the language,

05-07Industry

Stablecoin Industry Opposes Bank of England’s Unhosted Wallet Ban

Tech　　Stablecoin Industry Opposes Bank of Englands Unhosted Wallet Ban　　As the UK considers options to attract and develop the crypto industry at home, the Bank of England (BOE) has put forward several proposals for how it might regulate stablecoins to mitigate perceived financial risks.　　These have included a ban on custodial wallets for stablecoin holdings. The UK crypto industry, from stablecoin issuers to Bitcoin hardliners, has predictably taken issue with the ban.　　“This would be a serious misstep for the UK, risking long-term damage that is hard to unwind,” said Benoit Marzouk, CEO of stablecoin issuer tGBP told Cointelegraph.　　Ban could hamper operability and competitiveness　　At the heart of the BOEs approach to stablecoins, which it recently discussed in a series of inquiries before the House of Lords, is protecting the UK banking system.　　The bank argues that unhindered access to stablecoins, which can offer higher yields than traditional banking products, could lead to a run on deposits, and therefore on credit availability from UK banks.　　In March, Bank of England Deputy Governor Sarah Breeden the House of Lords Financial Services Regulation Committee that BOE is “open to other ways of achieving the objective” of credit availability.　　“But I think you would expect us as the financial stability

05-07Industry

Toncoin doubles on growing Make TON Great Again momentum

Tech　　Toncoin doubles on growing Make TON Great Again momentum　　Toncoin (TON) extended its rally overnight as markets braced for the second half of Pavel Durovs seven-step Make TON Great Again (MTONGA) roadmap.　　The token rose from roughly $1.37 to $2.8 at press time, more than doubling in value shortly after Durov said Telegram had become TONs largest validator.　　Source: CoinGecko　　Toncoins rally has pushed it into the top 20 crypto assets by market capitalization, where it now ranks 19th. It has overtaken Chainlink and Canton as its market value climbs to around $7.5 billion, narrowing the gap with Monero.　　Source: CoinGecko　　The layer 1 crypto asset has also led in gains over the past 24 hours, followed by Venice Token, Near Protocol, and MemeCore.　　Telegram brings TON back home　　Telegram is bringing TON, originally known as the Telegram Open Network, back home. Durov said the company would replace the TON Foundation as the primary steward of the network.　　The project was developed by the Durov brothers in 2018 but regulatory issues forced Telegram to stop working on it. TON, then known as The Open Network, later continued under an independent community and the TON Foundation.　　The TON Foundation has driven a number of key initiatives to expand the networks ecosystem.

05-07Industry

Grayscale Cuts a DeFi Token From Its Fund as a New One Takes Over

Grayscale Investments has disclosed the new component weightings for its multi-asset funds as part of the Q1 2026 rebalancing.　　The asset manager has removed Aerodrome Finance (AERO) entirely from its Decentralized Finance (DeFi) Fund and added Ethena (ENA) at a 13.59% weight.　　Grayscale Drops AERO From DeFi Fund, Adds ENA in Q1 Rebalance　　According to the press release, Grayscale funded the ENA purchase by selling AERO and other existing components proportionally.　　AERO held a 5.36% weight before its full removal, ending its position in Grayscales flagship DeFi product. The altcoin was added during the Q3 2025 rebalancing and replaced MakerDAO (MKR).　　“The compositions of DEFG Fund and GSC Fund are evaluated on a quarterly basis to remove existing Fund Components or to include new Fund Components, in accordance with the index methodologies established by the Index Provider. Holdings and weightings of each Fund are subject to change. Investors cannot directly invest in an index,” the asset manager stated.　　Every quarter, we rebalance and update the components of our multi-asset funds:　　• Grayscale Decentralized Finance (DeFi) Fund　　• Grayscale Smart Contract Fund　　Read on for our Q3 updates ????⬇️ pic.twitter.com/FwusoOinpQ　　— Grayscale (@Grayscale) May 6, 2026　　Meanwhile, Ondo (ONDO) recorded the biggest gain among retained holdings, climbing from 14.10% to 19.83%. Uniswaps

05-07Industry

LINK Price Prediction: $14.40 Target Emerges as ETF Momentum Accelerates

The Immediate Setup　　Chainlink is displaying textbook breakout behavior at $9.92, sitting comfortably above its entire moving average stack for the first time in months. The 3.55% daily surge pushed LINK through the $9.77 upper Bollinger Band, signaling institutional money positioning ahead of the Bitwise Spot Chainlink ETF approval. With RSI at 65.33 – positioned in the bullish zone without being overbought – and both retail (64.5% long) and smart money (69.3% long) aligned, the setup points toward continuation rather than reversal.　　The derivatives market tells an even stronger story. Despite a 4.83% drop in open interest, the aggressive buying pressure (1.2019 buy/sell ratio) indicates fresh capital entering rather than short covering. When Blockchain.news analyzed similar ETF-driven momentum in other major cryptos, the pattern typically lasted 2-4 weeks before meaningful corrections.　　Key Levels Exposed　　The technical architecture favors bulls right now. LINK has decisively reclaimed the $9.34 SMA-20 as support, with the entire short-term moving average cluster ($9.36 SMA-7, $9.40 EMA-12, $9.29 EMA-26) acting as a launching pad. The immediate resistance at $10.06 looks fragile given the momentum, but the real battle will be at $10.19 strong resistance.　　The 200-day moving average at $11.57 represents the final technical hurdle before higher targets become accessible. The

05-07Industry