Latest Crypto News & Market Updates

Here’s Why Toncoin Price Is Up 35% Today, May 7

Tech　　Heres Why Toncoin Price Is Up 35% Today, May 7　　The cryptocurrency market is not making strong gains today, May 7, but Toncoin (TON) has stood out. The price went from $2.42 to $2.90. But this is just the tip of the iceberg because, zooming out, it is evident that the gains did not start today but on May 4 when the price was at $1.35. That means Toncoin price has doubled in just three days. But what is causing this “up only” trend？　　Buyers, Network Upgrades Push Toncoin Price to 7-Month High　　Toncoin is not leaving the spotlight because of the gains that are going on. They started on May 4, and by May 7, during the Asian trading session, it had reached $2.90. It was the first time reaching this price since late September 2025.　　And a lot of these gains are being caused by buyers because on CoinMarketCap, trading volumes had a reading of $1.84 billion after increasing by 84%. If this continues, then Toncoins 114% rise in the last three days is just the beginning of its journey upwards.　　Earlier this week, CoinGapes article shed light on what may be causing the price to go up after saying that Telegram founder

05-07Industry

BTC mining metrics improve, but not enough to halt the AI pivot

Bitcoin　　BTC mining metrics improve, but not enough to halt the AI pivot　　The combo of BTC‘s rising token price and falling network difficulty is offering some relief for block reward miners, but nowhere near enough to convince the ’pivot to AI‘ crowd that they’re making a mistake.　　On May 2, the BTC network‘s mining difficulty rate fell 3.1 points to 132.5 trillion hashes (the average number of guesses required to ’find a new block and claim the block reward), bringing the net decline to 10.7% over the past four months.　　Combined with the recent not-at-all-manipulated surge in the BTC token‘s price, the average all-in cost to mine a single BTC is only several hundred dollars below the token’s value. For those miners fortunate enough to have ample access to cheap electricity, its a rare and welcome opportunity to book some rare profits.　　But the next difficulty adjustment on May 15 is expected to inch back up to 134.3 trillion, and the behind-the-scenes price pumping could end on a moment‘s notice. So don’t expect too many miners to reverse course on their ongoing ‘pivot’ to serving as data centers for AI companies, which provides far more reliable revenue streams than securing the BTC network. In

05-07Industry

USD/INR: Volatility curbed as RBI eyes dollar inflows – DBS

Finance　　USD/INR: Volatility curbed as RBI eyes dollar inflows – DBS　　DBS Group Research economist Radhika Rao notes that the Reserve Bank of India (RBI) is exploring measures to attract more US Dollar (USD) flows to support the Rupee and address the balance of payments gap. These may include foreign currency bond issuance by state-owned banks with swap arrangements, but a sustained INR recovery is seen as unlikely without a material improvement in capital flows.　　Rupee support from flows and measures　　“Indias central bank is, reportedly, studying measures to draw in more dollar flows to curb rupee weakness and plug the balance of payments gap.”　　“This includes a plan for state-owned banks to sell foreign currency bonds, reviving a measure that was utilized nearly three decades ago.”　　“At this juncture, any foreign currency bond might also be accompanied by swaps for participating lenders to hedge currency risks, in turn helping to improve returns for investors.”　　“These swap arrangements will need to factor in higher prevailing US rates vs past cycles (including 2013 taper tantrum), which in turn implies higher subsidy support from the RBI.”　　“The rupee is likely to enjoy a temporary reprieve on global and local cues though a protracted rally is unlikely until the flows outlook

05-07Industry

Core Scientific shares slip as Q1 loss offsets revenue growth

Core Scientific reported $115.2 million in first-quarter revenue, up from $79.5 million a year earlier. Core Scientific revenue rose to $115.2 million, driven mainly by fast-growing colocation business demand.The miner posted a $347.2 million net loss due largely to non-cash impairment charges.Self-mining revenue fell sharply as Bitcoin output dropped and the firm shifted toward AI infrastructure.　　Gross profit also rose to $30.1 million from $8.2 million in the same period last year. The growth came mainly from colocation revenue, which reached $77.5 million. That was up from $8.6 million in Q1 2025 as the company delivered more billable power capacity to customers.　　The companys Bitcoin self-mining revenue moved in the opposite direction. It fell to $30.1 million from $67.2 million due to a 45% drop in Bitcoin mined and an 18% decline in the average Bitcoin price.　　Net loss weighs on stock　　Core Scientific posted a $347.2 million net loss in Q1, compared with net income of $576.3 million a year earlier. The loss included $266.5 million in non-cash impairment charges and a $30.8 million non-cash loss tied to warrants and contingent value rights.　　MarketBeat reported that Core Scientific posted an EPS loss of $1.06, missing analyst estimates, while revenue came in slightly below expectations

05-07Industry

Why More People Are Choosing Crypto-Friendly Gift Card Platforms

The Rise of Crypto-Friendly Gift Card Platforms　　It goes without saying that the crypto industry has matured well beyond its early image when it was a niche field reserved for cyphurpunks and tech enthusiasts. Today, many consumers want real-world ways to use their coins – whether for entertainment, travel, shopping, or everyday services.　　This is gift cards come into play – they bridge the gap between digital assets and mainstream retail customers. Current adoption trends are also pointing toward a broader momentum, with Chainalysis reporting strong global consumer crypto adoption last year, going into this year as well.　　Undoubtedly, another reason for this increase is the sheer convenience. Traditional crypto checkout options tend to be unavailable everywhere, and many merchants dont yet accept crypto payments directly. This problem is solved by crypto gift cards because instead of waiting for every store to add native crypto support, users can buy branded cards and use them almost instantly and everywhere.　　This model suits the way people show now – modern buyers value speed, mobile access, and simple transactions. A crypto-friendly platform allows them to use Bitcoin, Ethereum, or other assets for purchases without having to move funds through multiple apps, exchanges, wallets, or whatnot.　　Benefits of Using

05-07Industry

Dogecoin Price Prediction: DogeOS CEO Says DOGE Has No On-Chain Economy And He Is Building One

Tech　　Dogecoin Price Prediction: DogeOS CEO Says DOGE Has No On-Chain Economy And He Is Building OneDOGE trades at $0.1112, down 1.09%, pulling back from the triangle upper boundary at $0.1130 with Supertrend at $0.1006 as support.DogeOS CEO told CCN at Consensus 2026 there is no on-chain economy for Dogecoin and his EVM layer aims to fix that.OI dropped 10.92% to $1.57B as longs absorbed $6.82M against $1.99M for shorts in 24 hours.　　Dogecoin trades at $0.1112 on May 7, down 1.09%, pulling back from the ascending triangle upper boundary after a 14.5% weekly run, as DogeOS CEO Jordan Jefferson told CCN at Consensus 2026 that billions in Dogecoin trading value flows entirely to centralized exchanges with no on-chain economy behind it.　　DOGE Ascending Triangle: Upper Boundary At $0.1130 Has Rejected Price Twice　　The ascending triangle has been forming since the February low near $0.0860, lower boundary rising steadily and upper boundary flat near $0.1120 to $0.1130. Price tagged the upper boundary yesterday before pulling back, the same rejection that occurred in March and April.　　The Supertrend at $0.1006 is bullish and rising below price. The 20-day EMA at $0.1045, 50-day at $0.1004, and 100-day at $0.1053 form a dense support cluster between $0.1004 and

05-07Industry

FLOKI Price Prediction: Dead Cat Bounce Fading Fast - 25% Drop to $0.000025 by June

The Immediate Setup　　FLOKI is painting a textbook distribution pattern at $0.0000338, riding dangerously close to Bollinger Band resistance with a %B position of 0.97. The 1.41% daily gain masks underlying weakness – this bounce lacks conviction with MACD histogram sitting flat at zero. Smart money is clearly taking profits into this relief rally, and the RSI at 62.32 confirms buyers are already getting stretched thin.　　Key Levels Exposed　　The technical picture screams caution. Moving averages are providing zero meaningful support structure, while the Stochastic reading of 78.61 versus %D at 62.89 shows momentum diverging from price action. Blockchain.news data reveals FLOKIs daily ATR remaining suppressed, indicating low conviction from both bulls and bears. This sideways grind typically precedes sharp moves, and with resistance levels undefined in the current range, any breakdown will find little support until major psychological levels.　　Sentiment vs Reality　　Caroline Bishops April 30th analysis calling for a 15% correction through June appears overly conservative given current technicals. Her observation about “flat MACD momentum” and “extended sideways action” was spot-on, but the risk-reward has deteriorated significantly since then. While Blockchain.news coverage shows limited KOL engagement on FLOKI recently, the absence of bullish narratives during this bounce is telling. Volume at $5.1M on

05-07Industry

BNY Expands Crypto Custody Push to Abu Dhabi as UAE’s Digital Asset Race Heats Up

The post BNY Expands Crypto Custody Push to Abu Dhabi as UAEs Digital Asset Race Heats Up appeared first on Coinpedia Fintech News　　BNY, the worlds largest custodian bank with nearly $59 trillion in assets under custody and administration, is making a bigger move into crypto. The Wall Street giant is expanding its digital asset custody business into Abu Dhabi through partnerships with Finstreet and ADI Foundation.　　As per the report, the new initiative will operate inside Abu Dhabi Global Market (ADGM), one of the Middle Easts fastest-growing crypto and blockchain hubs. Initially, the focus will be on custody services for Bitcoin and Ethereum, but the plan is to later expand into stablecoins and tokenized assets.　　BNY Is Going Bigger on Crypto　　This is another sign that traditional finance is moving deeper into blockchain infrastructure. BNY was already the first major U.S. global systemically important bank to launch digital asset custody services, and now it‘s taking that business into one of the world’s most crypto-friendly regions.　　Hani Kablawi, Executive Vice Chair at BNY, said the UAE is entering a “new phase of financial development” driven by stronger digital connectivity and deeper capital markets. According to him, BNY wants to help connect traditional finance with digital

05-07Industry

Morgan Stanley and Charles Schwab are rushing into crypto: what do they see coming？

The cumulative net inflows of US-traded spot Bitcoin ETFs has reached roughly $59.7 billion, with BlackRocks IBIT alone holding $66.7 billion in assets.　　Morgan Stanley and Charles Schwab are now pushing direct crypto trading into ordinary brokerage accounts. The driver is that both firms can already see demand within their own client base, with clients executing trades elsewhere.　　Charles Schwabs clients hold about 20% of US spot crypto exchange-traded products, which helps explain the timing. Demand is already concentrated inside Schwabs franchise, and every trade those clients execute on Coinbase or Robinhood is revenue and behavioral data leaving the brokerage.　　Morgan Stanley faces the same math as E*Trades 8.6 million self-directed clients, who generated 1.029 million average daily revenue trades in 2025 through a channel holding $1.67 trillion in assets.　　The ETF era created a specific problem for both firms, as the products gave clients Bitcoin exposure inside familiar accounts, while spot trading, execution, and account stickiness went elsewhere.　　A Schwab client who holds IBIT and then trades spot Bitcoin on Coinbase is splitting their financial life in two. Schwab gets assets under management, and Coinbase gets the trading relationship.　　An infographic highlights four client metrics, including Schwabs 20% share of U.S. spot crypto ETPs, showing

05-07Exchange

Billions Network Price Prediction: Bill Jumps 43% as Binance Leverage Launch Fuels $0.080 Breakout Momentum

Billions Networks native token, Billions Network ($BILL), continued its explosive rally on Wednesday after traders reacted to fresh exchange activity and expanding derivatives exposure.　　The token climbed more than 43% within 24 hours and traded near $0.076 after briefly touching the $0.080 region. Daily trading volume also surged above $364 million, highlighting aggressive market participation following the projects growing visibility across major platforms.　　The latest momentum arrived ahead of Binances planned launch of $BILL perpetual contracts with up to 20x leverage. Consequently, traders increased speculative positioning as expectations for higher liquidity strengthened across the market. The derivatives listing also intensified retail interest, especially after $BILL gained traction through recent exchange integrations, including Coinbase.　　JUST IN: Binance to list $BILL perpetual contract with up to 20x leverage at 16:15 UTC today. Billions Network aims to verify real individuals without exposing data. Could signal increased retail and derivative interest in $BILL $BILL pic.twitter.com/lSpdozOLib　　— Bpay News (@bpaynews) May 7, 2026　　Billions Network focuses on digital identity verification while protecting user privacy. Moreover, the project aims to confirm unique human participation without exposing personal information. That narrative has attracted attention during a period of rising interest in decentralized identity infrastructure.　　Bullish Structure Remains Intact　　$BILLs technical structure continues favoring buyers

05-07Exchange

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