Latest Crypto News & Market Updates

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

BUILDon (B) Explodes 55% in 24 Hours, Is $0.74 the Next Stop?

BUILDon (B) rocketed roughly 55% on Monday, smashing through the 0.786 Fibonacci level at $0.60 and reigniting the case for a sprint toward the $0.74 open high.　　The Daily Relative Strength Index (RSI) flipped back into bullish territory, while the 4-hour structure carved a clean ascending channel. Both timeframes now point to the same question, namely, how far the next leg can extend.　　BUILDon Daily Chart Confirms Bullish Breakout　　The Daily B/USD chart on MEXC shows BUILDon clearing the 0.5 Fibonacci retracement at $0.40 and pushing above the 0.786 level at $0.60. The single-session expansion lifted the token to around $0.63 at the time of writing.　　The next upside target sits at the open high near $0.74, which also marks the 1.0 Fibonacci extension. However, in the case of a pullback, the 0.618 Fibonacci level at $0.48 stands as the first key support.　　B daily chart / Source: Tradingview　　RSI readings returned to bullish territory and have not printed any bearish divergence yet. Meanwhile, volatility remains near its upper extreme, while breakout volume looks relatively modest, a nuance bulls should monitor closely.　　4-Hour Channel Hints at a Short-Term Cooldown　　On the 4-hour timeframe, BUILDon prints higher highs and higher lows inside an ascending parallel channel. Price recently tagged

05-12Industry

Jerome Powells Fed Term Ends in 3 Days: What Did He Do for Crypto?

On May 15, Jerome Powells tenure as chair of the Federal Reserve came to an end, bringing to a close one of the most significant periods of monetary policy in the history of cryptocurrency.　　Powells effect in the office　　Powell took office as Fed chair on February 5, 2018, and on May 23, 2022, he took office for a second four-year term. Powells legacy in the cryptocurrency community was never one of overt support or animosity. His actual influence was felt through liquidity.　　The Fed continued to tighten policy and reduce its balance sheet in 2018, contributing to the harsh risk-off environment. After the 2017 bubble, Bitcoin was already weaker going into Powells first year, and it spent most of 2018 plummeting from close to $20,000 to about $3,000.　　Ray Dalio: Bitcoin Fails as Safe Haven　　Can Toncoin (TON) Lose All Gains？ Ethereum (ETH) $2,000 Plunge Is Possible, Shiba Inu (SHIB) Price Is in Strongest State Since March: Crypto Market Review　　BTC/USDT Chart by TradingView　　Then came 2020. Powells Fed lowered interest rates to almost zero and provided significant liquidity support during the crisis. Everything changed as a result. As cheap money, stimulus, institutional demand, and speculative appetite poured into risk assets, Bitcoin rose from a panic

05-12Industry

Lumentum joins NASDAQ-100 index, replacing CoStar Group on May 18

Lumentum Holdings, the company that makes the optical plumbing for AIs most power-hungry data centers, is getting a promotion. The photonics specialist will join the NASDAQ-100 Index on May 18, replacing CoStar Group, which was bumped due to its comparatively lower market capitalization.　　Nasdaq made the announcement on May 8, and the market responded predictably. Lumentum shares gained 5.39% in pre-market trading, a modest encore for a stock that has already climbed more than 1,200% since early 2024.　　The numbers behind the nod　　Look at Lumentums trajectory. The stock rallied 339% in 2025 alone, propelled almost entirely by demand for optical components that power high-speed data transmission in AI and cloud computing infrastructure.　　The companys most recent earnings report, from April 25, backed up the hype with actual revenue. Lumentum posted $452 million in Q1 2026 revenue, an 18% increase year-over-year. That growth came from the two sectors every hardware maker wants exposure to right now: artificial intelligence and cloud computing.　　CoStar Group, a commercial real estate analytics firm, drew the short straw in the NASDAQ-100‘s periodic rebalancing. The index regularly swaps constituents based on market capitalization, and CoStar’s valuation simply could not keep pace with the AI-fueled surge lifting companies like Lumentum.　　Why index inclusion

05-12Industry

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