Latest Crypto News & Market Updates

Trader Opens $1.96M MEGA Long at 1x Leverage, Already Down $402K

An onchain trader has opened a $1.96 million leveraged long on 11.96 million $MEGA tokens and is already sitting on $402,000 in unrealized losses, a harsh reminder that altcoin risks do not disappear even when leverage is minimal.　　Key Takeaways:Trader 0xcc15 opened a $1.96 million leveraged long on 11.96M $MEGA tokens and is already down $402K as of May 1.The trade highlights the volatility risk of new altcoins like $MEGA even at minimal 1x leverage.$MEGA launched on the Base network in April 2026 and has seen sharp price swings since its debut.　　More Context on the $MEGA Position　　Lookonchain identified the trader as address 0xcc15, who opened a 1x leveraged long on the $MEGA token via the decentralized perpetuals platform Hyperliquid. At 1x leverage, the position is fully collateralized, meaning the trader should not face a forced liquidation from a single price move, but the $402,000 in unrealized losses reflects how sharply the token has moved against the trade since entry.　　Image source: X　　$MEGA is a token launched on the Base network by Jesse Pollak, the creator of Base and a senior figure at Coinbase. Pollak publicly explained the reasoning behind the $MEGA launch on X, describing it as an experiment tied to Base‘s

05-02Exchange

Tom Lee’s Bitmine stakes $508M ETH as holdings top 5M

Tom Lees Bitmine has staked about $508 million worth of Ethereum in a recent move tracked by Arkham. Bitmine recently staked about $508 million worth of ETH, according to Arkham on-chain data.Bitmines Ethereum holdings crossed 5 million ETH, placing it among the largest institutional holders.More than 4 million Bitmine ETH is staked, equal to about 10.5% of total staked supply.　　The transfers were routed through institutional channels, adding to the firms ongoing staking strategy.　　The latest activity comes as Bitmine continues to increase its exposure to Ethereum. On-chain data shows the firm has now staked more than 4 million ETH, valued at about $9.3 billion, representing around 10.5% of total staked supply.　　ETH holdings cross 5 million milestone　　Recent disclosures show Bitmines total Ethereum holdings have crossed 5 million ETH. The company reported holdings of about 5.07 million ETH, marking a key milestone in its accumulation strategy.　　Chairman Tom Lee said, “Bitmine ETH holdings crossed 5 million this past week,” noting the pace of accumulation has been rapid.　　The firm now holds more than 4% of the total ETH supply. This places Bitmine among the largest institutional holders of Ethereum in the market.　　Strategy focuses on staking and supply control　　Bitmine has focused on staking a large share

05-01Ethereum

XRP to $10,000? Ripple CTO emeritus rejects bold claim

Ripple CTO Emeritus David Schwartz has dismissed claims that XRP could reach $10,000. David Schwartz said the $10,000 XRP prediction does not match normal market behavior.Schwartz said old XRP comments were about liquidity needs, not a future price promise.He also rejected claims of hidden government XRP deals, calling them conspiracy theories.　　His comments came during an online debate about old XRP price discussions and market valuation models.　　Schwartz said the idea does not match normal market behavior. He argued that if even a small chance of such a move existed, wealthy and rational investors would already be buying XRP heavily.　　Old XRP comments return to focus　　The debate followed renewed attention on a 2017 post in which Schwartz discussed XRP liquidity. Some users treated the old comments as a price target, but Schwartz said the post explained transaction needs, not a future price promise.　　He had said XRP could not be “dirt cheap” if it handled very large payment flows. Schwartz later clarified that the point was about liquidity, market depth, and settlement size.　　Additionally, Schwartz has also rejected claims that XRP is part of secret government or central bank plans. He described such claims as a “conspiracy theory” and warned investors against relying on hidden

05-01Industry

Ripple Partner SBI Holdings To Acquire Stake In BitBank Exchange

Ripple‘s Japan-based partner, SBI Holdings, is looking to purchase a stake in the Bitbank exchange. It marks another upgrade to SBI’s growing crypto-linked holdings as it continues acquiring a stake in crypto exchanges.　　Ripple Affiliate SBI Holdings To Buy Stake In BitBank　　The Tokyo-headquartered company has confirmed it has begun talks with Bitbank following a letter of intent. According to the announcement, it is aiming to acquire the exchange, pending due diligence and approvals.　　SBI affirmed, “In this transaction, we aim to make Bitbank a consolidated subsidiary of our company.” The statement stressed its desire to gain greater control of the exchange.　　The Ripple-affiliated company made it clear that other details will be finalized subsequently. It added that the timing and method of the share purchase will be decided following ongoing assessments.　　In addition, SBI noted the change in Japans regulatory stance, as earlier cited by the Japan Stock Exchange CEO Hiromi Yamaji. The government is contemplating a shift to bring crypto assets under the Financial Instruments and Exchange Act. This would make digital assets more like other financial assets and could open up the domestic market.　　When SBI announced the deal, it said, “By welcoming Bitbank into our group and maximizing synergies within the group,

05-01Industry

SHIB Joins BTC, ETH, XRP, SOL in Japan Lending Push via SBI VC Trade

As reported by a Shiba Inu-focused X account with the handle Shibizens, Shiba Inu (SHIB) is included in SBI VC Trades lending expansion in Japan.　　SBI VC Trade continues its “Rent Coin” lending program with Shiba Inu among the supported assets. Shibizens indicated that the latest “rentcoin” campaign confirms SHIB remains part of the active lending lineup.　　SHIB included in SBI VC Trade lending expansion in Japan　　SBI VC Trade continues its “Rent Coin” lending program with Shiba Inu officially listed among supported assets. The latest campaign confirms SHIB remains part of their active lending lineup.　　The exchange supports lending for major crypto assets, including BTC, ETH, XRP and Solana (SOL). Users lock up their crypto for a set time (28 days) and in return receive a yield paid in the same cryptocurrency.　　You Might Also Like　　OpenAI Foundation CFO Joins $1 Billion XRP Treasury; Bitcoin‘s Worst Case by May 2026 Detailed by Expert Trader; $183 Million ’Capital Flight Hits Ethereum ETFs Amid DeFi Hack Wave – Morning Crypto Report　　Ripple Vet Doubts $10K XRP Price Target　　This comes after SHIB‘s inclusion in Japan’s Green List, placing it within a regulated framework and enabling services like lending and yield generation.　　SHIBs recent developments　　T. Rowe Price recently filed an amended

05-01Industry

BitMine Stock Jumps as Ethereum Staking Hits $9.5B

BitMine stock jumps 3.58% amid the companys ETH staking expansion.The firm stakes 162K ETH, pushing total to $9.5B.73% of the ETH stash is generating $264M annual yield.　　BitMine stock moved higher in April 2026 after BitMine expanded its Ethereum staking position with a new allocation of 62,088 ETH. The move occurred following on-chain data reported by Onchain Lens, which tracked the latest staking activity. The transaction took place across Ethereum staking infrastructure used by institutional participants. The development mattered because it reinforced BitMines strategy of combining asset accumulation with yield generation through staking.　　BitMine Stock Price Soars Amid ETH Staking Activity　　According to the latest findings of Onchain Lens, BitMine has further bolstered its Ethereum staking stash. In the latest Ethereum news, the company staked 162,088 ETH, worth $365.67 million.　　BitMine Stock Jumps Amid ETH Staking; Source: X　　It is worth noting that this addition comes after BitMine‘s recent staking of 111,496 ETH. After the latest Ethereum news, the company’s total Ethereum holdings in its staking stash have grown to a massive 4,196,973 ETH, worth $9.5B. This indicates that the company is taking its staking activity as seriously as its aggressive ETH accumulation strategy.　　In response to this staking move, the BitMine stock price is experiencing

05-01Industry

Gold Price Charts Hints at Potential 180% Gains for Bitcoin Over Next 12 Months

Bitcoin (BTC) may undergo a massive rally, based on a recurring gold chart pattern, with gains of up to 180% over the next 12 months.　　Key takeaways:BTC is up nearly 40% versus gold since March after falling for seven months in a row.Similar BTC/XAU recoveries have historically coincided with Bitcoin bottoms in US dollar terms.　　BTC may hit $167,250 within a year　　The bullish signal comes from the Bitcoin-to-gold ratio (BTC/XAU), which tracks BTCs performance relative to gold in US dollar terms. Historically, sharp rebounds in this ratio have aligned with major Bitcoin cycle bottoms, often preceding strong upside.　　In 2015, a BTC/XAU bottom preceded a roughly 250% Bitcoin rally within a year.　　Similar reversals in 2019 and 2022 came before gains of around 140% each. Excluding 2020s 1,460% liquidity-driven boom, the pattern points to an average one-year BTC gain of about 180% after BTC/XAU bottoms.　　As of 2026, the BTC/XAU ratio has climbed about 40% since Februarys lows. The BTC/USD rate has jumped 32.65% in the same period.　　“Bitcoin versus gold is about to close a second month in the green after 7 red candles in a row,” said Nik Bhatia, founder of macro research firm The Bitcoin Layer, adding that “the bounce is in.”　　Macro strategist

05-01Industry

Bitmine Stakes $508M in Ethereum, Total Locked $ETH Tops 4M

Bitmine, the crypto investment platform of Tom Lee, has recently performed a staggering Ethereum ($ETH) staking move. Bitmine has staked $ETH worth of $508M. As per the data from Arkham Intelligence, with this development, the total amount of Bitmine‘s locked $ETH has surpassed 4M in number. Hence, this move underscores Bitmine’s strong conviction in $ETHs long-term position.　　Tom Lee just staked $508.4M ETH　　Bitmine has now staked over 4 MILLION ETH (worth $9.3B) – thats 10.5% of the total staked ETH supply.　　Tom Lee is buying and staking ETH. 　　Bitmines Latest $508M $ETH Stake Raises Locked $ETH Supply Above 4M　　Based on the on-chain data, Bitmine‘s new staking $508M in $ETH shows its aggressive strategy and noteworthy confidence in the leading altcoin’s future trajectory. As a result of this, Tom Lees platform has jumped above the amount of 4M $ETH locked, denoting a stunning $9.3M in total amount. Interestingly. This accounts for nearly 10.5% of the cumulative staked $ETH supply. This development took into account several transfers ranging between 14,400-32,400 $ETH.　　Apart from that, the accumulation of over 4M $ETH staked signifies the growing $ETH exposure of Bitmine in the proof-of-stake sector. Such huge staking by just one platform could be considerably influential in reshaping

05-01Ethereum

OpenAI Foundation CFO Joins $1 Billion XRP Treasury; Bitcoins Worst Case by May 2026 Detailed by Expert Trader; $183 Million Capital Flight Hits Ethereum ETFs Amid DeFi Hack Wave - Morning Crypto Report

Bitcoin Crypto Ethereum　　OpenAI Foundation CFO Joins $1 Billion XRP Treasury; Bitcoin‘s Worst Case by May 2026 Detailed by Expert Trader; $183 Million ’Capital Flight Hits Ethereum ETFs Amid DeFi Hack Wave – Morning Crypto ReportNew appointment at XRPN: OpenAI Foundation CFO Robert Kaiden has joined the board of directors of Evernorth Holdings. This strengthens XRP‘s role as a potential settlement layer for the economy of AI agents ahead of the company’s Nasdaq listing in Q2 2026.Bitcoin outlook for May: Analyst DonAlt expects a phase of exhausting chop above the $77,000 level. Key zones: support at $73,500 and resistance on the path to $80,000.DeFi crisis and ETF outflows: A record 28 hacks in April (damage of $635 million), including Drift Protocol and Kelp DAO, led to $183 million being withdrawn from spot Ethereum ETFs in the final week of the month.Macro triggers of the week: Focus is on ISM data and the employment report (NFP) on May 5–8. Cooling in the economy could act as a catalyst for crypto asset growth, while a strong dollar will keep the market in the current range.　　“AI treasurer” and crisis manager: Why is XRP treasury Evernorth assembling such a board of directors？　　Evernorth Holdings (future ticker

05-01Ethereum

SBI adds Bitcoin, Ethereum and XRP rewards in Visa card push

SBI Group has partnered with Visa on a credit card product that allows users to earn crypto assets through card rewards. SBIs Visa card lets users earn crypto rewards in Bitcoin, Ethereum, and XRP.SBI VC Trade and Aplus will support the crypto rewards and card service.SBI is also discussing a Bitbank deal to expand its Japan crypto exchange presence.　　The card supports Bitcoin, Ethereum, and XRP rewards through SBI VC Trade and Aplus. The product links daily card spending with crypto rewards. It also shows SBIs continued push to connect traditional finance with regulated digital asset services in Japan.　　Meanwhile, the new card gives users exposure to major crypto assets without direct spot purchases. Rewards are tied to BTC, ETH, and XRP, which are among the most traded digital assets in Japan.　　SBI VC Trade will support the crypto side of the service. Aplus, part of SBI Shinsei Bank Group, will support the credit card and points structure.　　Bitbank talks add exchange growth angle　　The card launch comes as SBI Holdings is also seeking a larger role in Japans crypto exchange market. As we reported earlier today, SBI has started talks with Bitbank over a capital and business alliance that could make Bitbank a consolidated

05-01Ethereum

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