Latest Crypto News & Market Updates

Bank of England ready to scrap £20,000 stablecoin ownership cap after backlash

Tech　　Bank of England ready to scrap £20,000 stablecoin ownership cap after backlash　　The Bank of England is walking back some of its most restrictive stablecoin proposals after Deputy Governor for Financial Stability Sarah Breeden admitted the institution may have been too cautious.　　The reassessment comes amid mounting pressure from crypto firms that argue the UK risks falling behind other jurisdictions in digital asset innovation.　　Breeden told the Financial Times that the central bank is actively exploring alternatives to ownership caps and reserve requirements that the digital asset industry has called unworkable.　　The original proposal　　The plan, floated in late 2025, would have capped individual holdings of sterling-denominated stablecoins at £20,000 and business holdings at £10 million.　　The central bank also wanted issuers to park at least 40% of their backing assets at the BoE itself, earning zero interest. The remaining reserves could go into sovereign bonds and other liquid instruments.　　According to the BOEs own analysis, the £20,000 threshold would affect roughly 94% of consumers, allowing typical users to hold about 2.1 times their monthly income in stablecoins. On the business side, a £10M limit would severely constrain corporate treasury operations.　　Sterling stablecoins under 0.5% but regulators see big potential　　The global stablecoin market has reached approximately $318 billion,

05-14Industry

JPMorgan Loads Up on Bitcoin and Ethereum ETFs in Q1

The banks largest increase came through the iShares Bitcoin Trust (IBIT), where holdings surged 174% to 8.3 million shares. JPMorgan also sharply expanded positions in the Bitwise Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, and ProShares Bitcoin Strategy ETF. The bank additionally increased its exposure to Ethereum-linked ETFs, including the iShares Ethereum Trust.　　JPMorgan Grows Crypto ETF Exposure　　Chase expanded its exposure to crypto-linked exchange-traded funds (ETFs) during the first quarter of 2026, despite the . According to the banks latest , its largest increase came through the BlackRock spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), where holdings surged by approximately 174%.　　The bank raised its IBIT position from roughly 3 million shares in the of 2025 to around 8.3 million shares by the end of Q1 2026. Based on filing data, the increase represented approximately $162 million in added value, even though Bitcoin declined more than 22% during the quarter.　　The bank also sharply increased its stake in the Bitwise Bitcoin ETF (BITB), and boosted its holdings from 4,872 shares to 48,258 shares. This was an almost 900% increase and added roughly $1.51 million in reported value.　　Exposure to the Fidelity Wise Origin Bitcoin Fund (FBTC) also climbed from 3,996 shares to 22,196 shares,

05-14Ethereum

Nvidia rally continues on Thursday as Trump approves H200 buyers in China

Nvidia (NVDA) stock is the early winner of the United States (US) President Donald Trump‘s summit with China on Thursday. Shares of the AI chipmaker rose more than 2% in Thursday’s premarket. If the gains remain through the close, this will become NVDAs seventh consecutive day of gains.　　President Trump‘s Commerce Department approved ten Chinese firms to import Nvidia’s H200 AI chip, as well as a few other distributors in the Asian region.　　US Retail Sales for April fell from 1.6% MoM in March to 0.5% MoM, but that was in line with the consensus. The Dow Jones Industrial Average (DJIA) futures rose 0.9% in the premarket on Thursday, while the NASDAQ Composite futures declined 0.2%, and S&P 500 futures gained 0.3% on the news.　　Nvidia could boost China sales on Commerce Department clearance　　Nvidia has been looking to regain market share in China after several rounds of trade barriers were imposed by the Biden and then Trump administrations over the past several years. Before the curbs were imposed by Washington, Nvidia held a 95% share of Chinas AI chip market. But in the intervening years, a number of Chinese players have begun producing competitive chips.　　The H200 is a second-tier technology, building on the

05-14Industry

Hedera price forecast: HBAR risks 20% dive amid fresh selling

Tech　　Hedera price forecast: HBAR risks 20% dive amid fresh selling　　Hedera (HBAR) price faces new downside pressure as selling intensifies across the cryptocurrency market.　　The price has slipped nearly 1% over the past 24 hours to trade around $0.092, with daily trading volume dropping 13%.　　This decline below the psychological $0.10 mark pushes HBAR further from last weeks highs, even as altcoins mirror a broader risk asset downturn.　　As such, and despite growing enterprise adoption and network usage, short-term price action suggests further downside risks ahead.　　Could Hedera price fall another 20%？　　Cryptocurrencies are positioning for a potential sustained uptick, but macroeconomic headwinds and geopolitical tensions could trigger deeper corrections before any rebound materializes.　　HBAR appears poised to echo Bitcoins recent trajectory, where a retest of critical support levels often precedes recovery.　　Analysts warn of a possible 20% slip from current levels, targeting the $0.072 zone.　　This is a familiar floor where prices have bounced robustly in prior retests.　　Notably, the bearish scenario for HBAR stems from renewed selling pressure amid global uncertainties.　　Elevated US inflation readings have triggered fresh jitters among traders, with BTC slipping from recent highs.　　On-chain data reveals increased transfers to exchanges, signaling profit-taking by short-term holders.　　If selling persists, HBAR could test $0.075-$0.070 support, which could represent a

05-14Industry

CFTC Issues No-Action Letter on Prediction Market Data Reporting

The CFTC has multiple ongoing disputes with state lawmakers over prediction market jurisdiction. It sued five states in a bid to cement its authority over prediction markets, including lawmakers in Wisconsin, New York, Arizona, Connecticut and Illinois.　　Earlier in May, the CFTC said it received over 1,500 responses on a rule it proposed in March that would allow it to amend or issue new regulations for event contracts on prediction markets.　　The responses were mixed, with some state regulators calling for a stricter crackdown on prediction markets, while others, such as venture capital firm a16z, sided with the CFTC, arguing that state crackdowns on these platforms conflict with federal law and damage market access for ordinary users.　　On March 12, the CFTC issued a staff advisory classifying event contracts on prediction markets as a “financial asset class,” Cointelegraph reported.　　Earlier in February, CFTC Chair Michael Selig publicly reiterated claims that the CFTC had “exclusive jurisdiction” over prediction markets.

05-14Industry

OpenAI Faces Class Action Lawsuit Over ChatGPT Data Sharing With Meta and Google

A class action filed in California federal court accuses OpenAI of disclosing private ChatGPT user data to Meta and Google. The complaint says the company used embedded tracking technology without consumer consent.　　The lawsuit covers United States residents who entered queries on ChatGPT.com. It argues that OpenAI funneled personal questions and account details to two firms whose advertising networks reach billions of people each day.　　What The Complaint Alleges　　The filing centers on tracking technology that Meta and Google supply to website operators for analytics and ad targeting. According to the complaint, OpenAI embedded that code into its ChatGPT site and allowed it to transmit user information automatically.　　The plaintiffs say the disclosed data included query topics, account identifiers, and email addresses tied to individual users. The case argues that consumers had reasonable privacy expectations when using the chatbot. Many people share sensitive financial, medical, and legal questions there.　　The complaint cites a Cyberhaven report estimating that around one percent of data employees paste into ChatGPT is confidential. The figure refers to leaked corporate material. The complaint extends that concern to individuals who use the assistant for advice on health, money, and legal matters.　　The plaintiffs are seeking monetary damages and an injunction stopping the practice.

05-14Industry

Reform UKs Nigel Farage Faces Standards Probe Over Tether Billionaires $6.7 Million Gift

U.K. MP Nigel Farage is facing a formal investigation by parliamentary standards authorities for allegedly failing to declare a £5 million personal gift.The donor is Christopher Harborne, a Thailand-based cryptocurrency investor with a 12% stake in stablecoin giant Tether.Farage claimed “no obligation” to declare the gift, which was made in 2024 before he announced his candidacy for parliament.　　The U.K.s Parliamentary Standards Commissioner is reportedly launching an inquiry into a $6.7 million (£5 million) gift received by Reform U.K. leader Nigel Farage from billionaire Tether investor Christopher Harborne.　　Farage declared he was under “no obligation” to declare the gift, which was made before he announced his intention to stand in the 2024 general election. “Believe you me, weve looked at this from every legal angle,” he told broadcasters earlier this week.　　He claimed that the gift from Harborne, who holds a 12% stake in issuer , was to ensure his personal security, stating that it would help “ensure I can be safe for the rest of my life.”　　A Reform U.K. spokesperson defended the arrangement, telling the BBC that Farage “has always been clear that this was a personal, unconditional gift and no rules were broken.”　　Harborne, who resides in Thailand and holds Thai citizenship

05-14Industry

Chainlink price tests major S/R zone at $10, will bulls regain momentum?

The current pullback now places focus on the important horizontal support-resistance flip zone near $10.10, which previously acted as resistance during the broader consolidation phase before turning into short-term support after the recent breakout.　　As long as LINK continues holding above this region, the broader short-term structure remains constructive. A successful defense of the $10 area could allow bulls to regroup for another attempt toward the $10.8 resistance zone, followed by the 0.618 Fibonacci retracement near $11.64.　　A look at the Supertrend indicator also supports the moderately bullish outlook. Notably, the indicator recently flipped bullish on the daily timeframe, signaling that buyers currently retain short-term trend control despite the ongoing consolidation.　　Meanwhile, the Aroon indicator continues to favor bullish momentum, with the Aroon Up remaining above 70% while the Aroon Down stays near 0%, suggesting buyers still maintain relative dominance within the current trend structure.　　However, momentum appears to be gradually cooling after LINKs strong rally over the past several weeks. Failure to hold above the key $10 support-resistance zone could weaken bullish momentum and potentially expose the token to deeper pullbacks toward the next major support regions near $9.93 and $8.87.　　On the upside, bulls would likely need to reclaim the $10.79 resistance level

05-14Industry

Cardano Price Prediction: Hoskinson Praises CLARITY Act Text as ADA Holds Above Triangle Breakout

ADA broke above the descending triangle that compressed price from February through April and has been consolidating just above the breakout zone since. The 20 EMA at $0.2624 and 50 EMA at $0.2604 have both flipped to support, the first time that has happened since the downtrend began.　　The Bull Market Support Band sits overhead with the lower rail at $0.2890 and upper at $0.3182. The 100 EMA at $0.2834 is the first resistance to clear before price reaches the band. LuckSide Crypto flagged $0.2620 as the critical daily support level on a pullback, which aligns almost exactly with the current 20 EMA. That is the line the breakout structure depends on.　　ADA Key levels for May 15Resistance: $0.2834 (100 EMA), $0.2890 (Bull Market Band lower rail), $0.3182 (upper rail), $0.3614 (200 EMA)Support: $0.2624 (20 EMA), $0.2604 (50 EMA), $0.2400 triangle floor　　Why Hoskinson Changed His Mind on the CLARITY Act　　Hoskinson had been a vocal critic of earlier CLARITY Act drafts, particularly around DeFi protections. After the Senate Banking Committee released the latest text ahead of the May 14 markup, he reversed publicly, calling it a massive improvement and crediting committee chair Tim Scott for his leadership.　　What changed his view were protections for

05-14Industry

Chainlink price tests major S/R zone at $10, will bulls regain momentum?

The current pullback now places focus on the important horizontal support-resistance flip zone near $10.10, which previously acted as resistance during the broader consolidation phase before turning into short-term support after the recent breakout.　　As long as LINK continues holding above this region, the broader short-term structure remains constructive. A successful defense of the $10 area could allow bulls to regroup for another attempt toward the $10.8 resistance zone, followed by the 0.618 Fibonacci retracement near $11.64.　　A look at the Supertrend indicator also supports the moderately bullish outlook. Notably, the indicator recently flipped bullish on the daily timeframe, signaling that buyers currently retain short-term trend control despite the ongoing consolidation.　　Meanwhile, the Aroon indicator continues to favor bullish momentum, with the Aroon Up remaining above 70% while the Aroon Down stays near 0%, suggesting buyers still maintain relative dominance within the current trend structure.　　However, momentum appears to be gradually cooling after LINKs strong rally over the past several weeks. Failure to hold above the key $10 support-resistance zone could weaken bullish momentum and potentially expose the token to deeper pullbacks toward the next major support regions near $9.93 and $8.87.　　On the upside, bulls would likely need to reclaim the $10.79 resistance level

05-14Industry