Latest Crypto News & Market Updates

Upbit operator Dunamu taps Optimism Foundation to build GIWA Chain as first self-managed enterprise L2

Dunamu, the Seoul-based fintech company behind South Korea‘s dominant crypto exchange Upbit, has tapped the Optimism Foundation to underpin and scale its GIWA Chain using the OP Stack and integrate it into Optimism’s OP Enterprise framework.　　Unveiled last September, GIWA Chain is an Ethereum layer 2 blockchain focused on improving usability and accessibility in web3.　　The network delivers fast performance with one-second block times, supports existing Ethereum-based development through EVM compatibility, and benefits from continuous upgrades via the open-source ecosystem led by the Optimism Foundation.　　The chain is already live on testnet, with nearly 100 million transactions processed as of May 3, and is expected to launch on mainnet soon.　　Under a non-binding memorandum of understanding between Dunamu and the Optimism Foundation. GIWA Chain is expected to become the first deployment on the Self-Managed tier of OP Enterprise, a framework built for operators seeking full control over their blockchain environment.　　In this structure, Upbit will control the primary sequencer and all core network decisions, while Optimism provides institutional-grade support, including system monitoring and a backup sequencer for failover.　　“Operating our own GIWA Chain is a strategic move for Upbit. Our goal is to provide institutional and retail users with a level of performance and compliance consistent

05-04Industry

US President Donald Trump says US will start guiding trapped ships through Hormuz — Bloomberg

US President Donald Trump said the United States (US) will begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz beginning Monday, Bloomberg reported on Sunday.　　“The Ship movement is merely meant to free up people, companies, and Countries that have done absolutely nothing wrong — They are victims of circumstance,” said Trump in a social media post. “If, in any way, this Humanitarian process is interfered with, that interference will, unfortunately, have to be dealt with forcefully,” Trump added.　　According to the Wall Street Journal, which cited an unnamed US official, this new effort does not currently involve US Navy escorts but rather a coordination process for countries, insurance companies and shipping organizations.　　Risk sentiment FAQs　　In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if

05-04Industry

Iran’s Azizi warns US interference in Hormuz will be considered a violation of the ceasefire

Ebrahim Azizi, a former commander in Iran‘s Islamic Revolutionary Guards Corps (IRGC) and current head of the parliamentary National Security and Foreign Policy Committee, said that any US interference in the new maritime regime of the Strait of Hormuz will be considered a violation of the ceasefire. He added that the Strait of Hormuz and the Persian Gulf are not a place for rhetoric.’　　Key quotes　　Any US interference in the new maritime regime of the Strait of Hormuz will be considered a violation of the ceasefire.　　The Strait of Hormuz and the Persian Gulf would not be managed by Trumps delusional posts.　　Brent Crude Oil FAQs　　Brent Crude Oil is a type of Crude Oil found in the North Sea that is used as a benchmark for international Oil prices. It is considered ‘light’ and ‘sweet’ because of its high gravity and low sulfur content, making it easier to refine into gasoline and other high-value products. Brent Crude Oil serves as a reference price for approximately two-thirds of the worlds internationally traded Oil supplies. Its popularity rests on its availability and stability: the North Sea region has well-established infrastructure for Oil production and transportation, ensuring a reliable and consistent supply.　　Like all assets supply and

05-04Industry

US President Donald Trump casts doubts on Iran peace proposal as details emerge

Efforts to mediate an end to the Iran war persisted as the war in Iran entered its third month, and US President Donald Trump hinted that Tehrans latest peace proposal might not be enough to satisfy him, Bloomberg reported on Sunday.　　Irans suggestions include setting a one-month deadline on talks for a deal to reopen the Strait of Hormuz and end both the US naval blockade and the conflict in Iran and Lebanon, according to Axios, which cited two sources familiar with the matter.　　The source said that if such a pact is reached, another month of discussions would then begin in an attempt to reach an agreement on Irans nuclear program.　　Market reaction　　At the time of writing, the West Texas Intermediate (WTI) is down 1.05% on the day at $98.18.　　WTI Oil FAQs　　WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing

05-04Industry

Bitcoin Consolidates Near $78,500 as ETF Inflows Keep the Bull Case Alive

Bitcoin is spending another session in a tight range, with the market hovering around $78,548 and trading between an intraday low of $78,081 and a high of $78,963, according to live market data. That price action lines up with the chart pattern, where BTC appears to be building a base after a sharp rebound from the low-$70,000 area.　　The chart shows the market pressing into the $79,000 region, with nearby support around $76,600 and a broader “crucial area to hold” closer to the low-$71,000s. On the upside, the next visible supply zone sits around $86,500, followed by a higher resistance band near $90,300. In other words, Bitcoin is not breaking out yet, but it also does not look like a market that is rolling over.　　That is the core of the argument being made by crypto analyst Michaël van de Poppe, who said Bitcoin is showing “strong consolidation” and that Friday gave an early hint about what may come next. His key level is $79,000. In his view, that area has to give way before the next leg higher can develop. If it does, he expects momentum to improve quickly, with $86,000 to $88,000 as the first resistance zone and $92,000 to

05-04Industry

HBAR Price Prediction: $0.17 Target After $0.12 Break - Institutional Money Loading

Market Context: Why HBAR is Moving Now　　HBAR has transformed into a coiled spring at $0.09, trapped in the tightest trading range we‘ve seen all year. This isn’t market indifference – its institutional positioning disguised as boredom. The $2.8 million daily volume on Binance masks something more significant happening beneath the surface.　　Enterprise partnerships continue building Hederas foundation while price action deliberately stays under the radar. The 200-day moving average at $0.12 has become the line in the sand – every rally dies there, but selling pressure exhausts just as quickly. This type of compression typically resolves with explosive moves, and the setup heavily favors the upside.　　The network‘s real-world adoption through CBDCs and enterprise use cases creates fundamental value that hasn’t reflected in price yet. According to analysts at Blockchain.news, this disconnect between utility growth and price stagnation often precedes significant revaluation events.　　Technical Foundation Building　　The indicator constellation paints a picture of imminent breakout potential. RSI sitting in neutral territory around 44 shows neither overbought exhaustion nor oversold panic – just patient accumulation. The MACD flatline near zero indicates momentum is reset and ready for the next directional impulse.　　More compelling is the Bollinger Band compression to multi-month tightness, creating a volatility coil that

05-04Industry

AAVE Price Prediction: Technical Setup Points to $105 Recovery Despite Current Stagnation

Current Market Position　　AAVE finds itself in consolidation mode at $92.50, trading below major moving averages but showing signs of stabilization rather than capitulation. The token sits well off its 200-day average of $148.03, yet the technical picture suggests this may be basing action rather than continued decline.　　The momentum indicators paint a picture of indecision rather than bearish breakdown. RSI readings near 43.70 indicate neither oversold conditions that typically spark bounces nor the kind of momentum that drives sustained rallies. This neutral positioning often precedes directional moves as markets resolve their uncertainty.　　Derivatives Signal Divergence　　The derivatives landscape reveals more optimism than spot price action suggests. Open interest remains healthy at $55 million while funding rates stay modest at 0.0042%, indicating balanced positioning without excessive leverage that could trigger forced selling.　　Whale positioning data shows institutional players maintaining 60% long exposure versus 40% short positions. This asymmetric positioning by sophisticated traders suggests current levels are viewed as attractive accumulation zones rather than distribution points.　　The aggressive buying ratio of 1.35 confirms that active participants are willing to pay market prices rather than wait for deeper discounts. This behavior typically emerges when traders believe the downside is limited from current levels.　　Technical Resistance Mapping　　AAVE faces immediate resistance

05-04Industry

FCC scrutiny on Disney lowers odds of Kimmels firing by May 31

Tech　　FCC scrutiny on Disney lowers odds of Kimmels firing by May 31　　55 minutes ago　　Bitcoin Ethereum News　　## Market Snapshot　　“Jimmy Kimmel Fired/Resigns by May 31” market is currently priced at 2.9% YES, down from 4% in the last 24 hours. The market has 28 days remaining until resolution, with a daily volume of $27,269 in face value.　　## Key Takeaways　　– FCC Chairman Brendan Carr‘s order for Disney to renew ABC station licenses early appears to increase regulatory pressure on Disney. – The investigation into potential Communications Act violations suggests a moderate likelihood of action against Jimmy Kimmel, consistent with increased YES pricing. – Market pricing indicates a decrease in the likelihood of Kimmel’s firing or resignation by May 31, reflected in the drop from 4% to 2.9% YES.　　## Article Body　　FCC Chairman Brendan Carr has mandated that Disney file early renewals for its eight ABC-owned broadcast station licenses, previously due between 2028 and 2031. The move, set for completion by May 28, 2026, is part of ongoing investigations into potential violations of the Communications Act, including allegations related to Disney‘s DEI policies. This action follows public criticism from President Trump and First Lady Melania Trump regarding Jimmy Kimmel’s recent segment on ABC, and Kimmel‘s

05-04Industry

UK Labour Party braces for worst local election results, Starmer under pressure

The “Starmer Out Timing” market is showing increased likelihood of Keir Starmers resignation or removal by December 31, 2026, now priced at 66.5% YES, up from 66% the previous day. The June 30, 2026, sub-market also shows movement, priced at 40.5% YES, reflecting a slight increase from 40% a day earlier.　　## Key Takeaways　　– The Labour Party‘s projected poor performance in upcoming local elections appears to increase pressure on Prime Minister Keir Starmer. – Reports of potential leadership challenges from within the party suggest heightened internal divisions, consistent with a scenario where Starmer’s leadership could be contested. – Market pricing indicates a significant likelihood that Starmer may not remain in his position by the end of 2026, reflective of the ongoing political instability.　　## Article Body　　The UK Labour Party is anticipating its worst local election results in decades, as internal divisions threaten to destabilize Keir Starmer‘s leadership. The Financial Times reports that prominent figures such as Wes Streeting, Angela Rayner, and Andy Burnham are potential challengers to Starmer, underscoring the party’s internal strife. Cabinet ministers have publicly called for unity, which often indicates underlying turmoil. These developments follow Labour‘s significant losses in traditional strongholds, with Reform UK and other parties making substantial

05-04Industry

Upbit operator Dunamu taps Optimism Foundation to build GIWA Chain as first self-managed enterprise L2

Dunamu, the Seoul-based fintech company behind South Korea‘s dominant crypto exchange Upbit, has tapped the Optimism Foundation to underpin and scale its GIWA Chain using the OP Stack and integrate it into Optimism’s OP Enterprise framework.　　Unveiled last September, GIWA Chain is an Ethereum layer 2 blockchain focused on improving usability and accessibility in web3.　　The network delivers fast performance with one-second block times, supports existing Ethereum-based development through EVM compatibility, and benefits from continuous upgrades via the open-source ecosystem led by the Optimism Foundation.　　The chain is already live on testnet, with nearly 100 million transactions processed as of May 3, and is expected to launch on mainnet soon.　　Under a non-binding memorandum of understanding between Dunamu and the Optimism Foundation. GIWA Chain is expected to become the first deployment on the Self-Managed tier of OP Enterprise, a framework built for operators seeking full control over their blockchain environment.　　In this structure, Upbit will control the primary sequencer and all core network decisions, while Optimism provides institutional-grade support, including system monitoring and a backup sequencer for failover.　　“Operating our own GIWA Chain is a strategic move for Upbit. Our goal is to provide institutional and retail users with a level of performance and compliance consistent

05-04Industry