Latest Crypto News & Market Updates

Taiwan stocks surge as AI boom drives fastest growth since 1987

Taiwans stock market extended its strong artificial intelligence-fueled rally in April, with investors pouring into semiconductor and technology shares as AI demand continued lifting exports and economic growth.Taiwans TWSE Index climbed 22.7% in April as AI-related semiconductor demand pushed first-quarter GDP growth to 13.7%, the fastest since 1987.Technology stocks accounted for 79% of market turnover, while average daily trading volume surged 187% year-over-year to NT$1.23 trillion.Margin loan balances hit a record NT$641 billion as investors increased exposure to Taiwans AI and semiconductor sectors.　　According to Bank of America, the TWSE Index climbed 22.7% month-over-month to 38,926.63 and is now up 34.4% since the start of the year.　　Technology stocks remained the main driver of trading activity across the market. The sector accounted for 79% of total turnover during the second quarter to date, while average daily turnover surged 187% year-over-year to about $38.9 billion.　　Taiwans total stock market capitalization also rose 18% in April to $4 trillion, with technology companies making up more than four-fifths of the market.　　The rally comes as Taiwan continues benefiting from global demand for AI infrastructure, chips, and cloud computing hardware. First-quarter GDP expanded 13.7% year-over-year, the fastest pace recorded since 1987, supported largely by AI-related exports. March exports

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

Who’s Backing the CLARITY Act Ahead of Senate Vote?

Support for the Digital Asset Market Clarity Act is crossing party lines ahead of a possible Senate Banking Committee vote, according to new polling from HarrisX. The survey found that 52% of registered voters support the crypto market structure bill, while 11% oppose it.　　The polling does not provide a senator-by-senator count of Democrats and Republicans backing the bill. It measures voter support by party. HarrisX reported net support of plus 48 among Democrats, plus 43 among Republicans, and plus 32 among Independents.　　The Clarity Act is designed to create a federal framework for digital assets and define oversight roles for the Securities and Exchange Commission and the Commodity Futures Trading Commission. Supporters say the bill would replace case-by-case enforcement with clearer rules for exchanges, token issuers and market participants.　　Source:　　The Senate Banking Committee is preparing for a possible markup as soon as next week. Draft legislative text has been circulated to select industry participants, while some language remains under review to reflect priorities from Democratic offices.　　Poll Shows Bipartisan Voter Support　　HarrisX said support for the Clarity Act includes Democrats, Republicans and Independents after voters were given a neutral description of the bill. The data showed 52% support overall, with only 11% opposed.　　The survey

05-08Industry

Solv Moves $700 Million Bitcoin Infrastructure to Chainlink CCIP

Solv Protocol will migrate the wrapped BTC infrastructure from LayerZero to Chainlink CCIP.The move followed the $292M Kelp DAO exploit tied to LayerZero-powered bridge systems.Solv will phase out LayerZero bridge support for Corn, Berachain, Rootstock, and TAC.　　Solv Protocol is moving more than $700 million in tokenized Bitcoin infrastructure away from LayerZero after recent bridge exploits increased pressure on cross-chain security systems.　　The protocol confirmed that Chainlinks Cross-Chain Interoperability Protocol (CCIP) will become the default cross-chain layer for SolvBTC and xSolvBTC transfers across supported networks.　　As part of the migration, Solv will remove LayerZero bridge support for Corn, Berachain, Rootstock, and TAC. The company said the move followed a full review of bridge security standards after multiple recent cross-chain attacks.　　Solv Protocol runs Bitcoin-focused DeFi products built around SolvBTC, a wrapped Bitcoin asset that lets users move BTC liquidity across different blockchains while earning yield.　　Chief Technology Officer Will Wang said the migration was built around lowering bridge risk and improving security guarantees for users moving assets between chains.　　The company described Chainlinks CCIP as a more battle-tested infrastructure layer with stronger defense systems and institutional-grade protection.　　Kelp DAO Exploit Increased Pressure on LayerZero　　The migration came weeks after attackers drained roughly $292 million from infrastructure connected to

05-08Industry

Bitcoin Pulls Back from $82K: Bulls Losing Nerve or Healthy Bear Flag Retest?

Bitcoin　　Bitcoin Pulls Back from $82K: Bulls Losing Nerve or Healthy Bear Flag Retest？　　After reaching a local high of around $82,800, the $BTC price has suffered a 4.25% fall, losing the major $80,600 horizontal support level, and pulling back to the top of the bear flag which was strong enough support to stop the rot. As Bitcoin continues its bounce, could $85,000 be the next higher target？　　Short-term momentum indicators signaling a bounce？　　Although the latest pullback may have made many investors nervous, especially after breaking out beyond critical resistance, it can probably be put down to a healthy retracement, particularly given that the $BTC price had become quite overbought.　　The price did fall back below the crucial $80,600 horizontal support level, making it resistance again, and the price fell out of the small ascending channel. That said, the top trendline of the bear flag was strong enough to hold the price up. A bounce has since occurred, and now that all the short-term momentum indicators have reset, the bulls will be hoping to push for a higher high.　　Will price be rejected from 200-day SMA？　　Source: TradingView　　The daily chart shows us that the $BTC price is at a very delicate stage. The bulls will be

05-08Industry

Zcash to add quantum-recoverable wallets within a month, go post-quantum by 2027

Zcash will roll out quantum-recoverable wallets within a month and reach full post-quantum status within 12 to 18 months, Zcash Open Development Lab founder and CEO Josh Swihart told a Consensus Miami audience on Thursday in a session moderated by Solana infra firm Heliuss founder Mert Mumtaz.　　A separate scaling track is targeting MasterCard- and Visa-scale throughput on a similar horizon.　　The roadmap arrived during a ZEC rally that has lifted the token more than 110% over the past 30 days as prominent crypto fund Multicoin Capital disclosed a sizable ZEC investment and the privacy narrative caught on among investors, sentiment daata shows.　　Swihart‘s pitch was that Bitcoin no longer holds up as the cypherpunk-grade money it was meant to be. The asset works as an ETF wrapper and a store of value, he said, but as a peer-to-peer private payment system “it’s just fundamentally broken.”　　Visible balances on a transparent ledger let governments seize what they can see, he argued, the same wealth-visibility critique Multicoin‘s Tushar Jain leaned on this week when disclosing the fund’s purchases.　　The user-side traction is running through the Electric Coin Companys mobile wallet after an October integration with Near Intents opened cross-chain swaps from assets like BTC, SOL and

05-08Industry

Bithumb, SSI Digital Plan Vietnam Exchange Amid Pilot Scramble

South Korea‘s Bithumb has teamed up with SSI Digital, a subsidiary of Vietnam’s largest securities firm, SSI Securities, to establish a licensed crypto exchange in Vietnam. The partnership comes as Vietnams tight five-year pilot program for digital asset trading platforms ramps up competition, with only a handful of licenses expected to be granted.　　Under a memorandum of understanding (MOU) signed in March and announced on May 7, Bithumb and SSI Digital aim to combine expertise in exchange technology, wallet systems, regulatory compliance, and institutional business development. While no formal license application or investment decision has been made, the move positions Bithumb to compete in one of Southeast Asias fastest-growing crypto markets.　　Vietnams Regulatory Tightrope　　Vietnams five-year pilot program, launched in September 2025, represents the countrys first serious attempt to regulate its booming crypto sector. Participants must meet stringent criteria: a minimum charter capital of 10 trillion dong (approximately $380 million), at least 65% of which must come from institutional investors. Foreign ownership is capped at 49%, and all transactions must be conducted in Vietnamese Dong (VND).　　The program limits licenses to Vietnamese entities, creating a high-stakes race among domestic firms and foreign-backed partnerships like Bithumbs. Five companies, including affiliates of major banks Techcombank, VPBank,

05-08Industry

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

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