Latest Crypto News & Market Updates

UK government bonds and sterling fall as pressure on Starmer rises

Tech　　UK government bonds and sterling fall as pressure on Starmer rises　　Britain‘s bond market just flashed a warning signal that investors haven’t seen in nearly three decades. The 30-year gilt yield surged to 5.825% on May 12, the highest it has been since 1998, while the 10-year yield climbed to 5.13%, a peak not reached since the 2008 financial crisis.　　The catalyst isn‘t an external shock or a central bank surprise. It’s politics. Approximately 80 Labour MPs have called for Prime Minister Keir Starmer to resign following the partys bruising losses in local elections, and markets are repricing the risk of governing a country whose leadership may be in freefall.　　Whats actually happening in gilt markets　　Sterling fell alongside the bonds, declining against the dollar as traders connected the same dots. The FTSE and broader equity markets also dropped on May 12, completing a trifecta of bad news across UK asset classes.　　For context, the last time UK bond markets moved this aggressively on political uncertainty was September 2022, when Liz Truss‘s mini-budget sent gilt yields spiraling and ultimately ended her 49-day premiership. The current selloff hasn’t reached that level of acute panic, but the direction is unmistakable.　　The political backdrop　　Nearly 80 Labour MPs demanding a

05-14Industry

DeFi App Legend Shuts Down After Missing Growth Targets

Solana DeFi aggregator Step Finance said it was closing down in February after a $40 million treasury wallet breach in January, and DeFi derivatives protocol Polynomial also ceased operations in February.　　Balancer Labs, the team behind the DeFi protocol Balancer, shuttered in March after mounting financial pressure following a $116 million hack in November.　　Meanwhile, Seamless Protocol, a DeFi lending protocol on Base, said it was winding down in April, blaming volatile market conditions.　　Users dont care whether product is onchain or not　　Legend is a non-custodial, mobile-first DeFi aggregator launched around late 2024 by former Compound Finance executives, including CEO Hobby. It is used for earning, trading, borrowing and swapping assets like stablecoins and Ether via integrations with other DeFi protocols such as Aave, Compound and Uniswap.　　It aimed to bring DeFi to its users rather than forcing them to sign into multiple different wallets or applications to use their crypto.　　It announced its first funding round, raising $15 million from Andreessen Horowitz and Coinbase Ventures, in February 2025.　　However, Hobby said that mainstream users dont care if a product is onchain or not. “They want outcomes,” he said. “Better yield, faster payments, more control over their money.”　　“The product that wins isn‘t the one that explains

05-14Industry

DeFi Group Warns Clarity Act Amendments Threaten Developers

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology.　　From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.　　In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasnt until 2020 that she started to dive into the depth of the industry. As Rubmar began to

05-14Industry

SOL Price Prediction: $105 Target Within 7 Days Despite Momentum Stall

The Immediate Setup　　Solana‘s current position at $95.26 screams indecision. Trading just $2.30 below the upper Bollinger Band at $97.56, SOL is testing critical resistance with momentum indicators flashing mixed signals. The MACD histogram sits at absolute zero – a classic sign that the previous bullish momentum has completely stalled out. Meanwhile, RSI at 65.47 shows buyers haven’t capitulated but arent aggressively pushing either.　　What‘s particularly telling is how SOL has carved out this tight range between $93.55 and $96.31 over the past 24 hours. This compression pattern typically precedes explosive moves, and with Blockchain.news tracking similar setups across major altcoins, the question isn’t if SOL breaks out, but which direction it chooses.　　Key Levels Exposed　　The technical picture reveals a battlefield between bulls and bears at precisely defined zones. Strong resistance clusters around $97.80, just above the Bollinger upper band, creating a formidable ceiling that‘s rejected multiple attempts. Below, immediate support at $93.77 aligns perfectly with the 7-day moving average at $93.85, forming a defensive line that’s held firm.　　The most critical insight comes from SOLs position above all short-term moving averages but still trading 15% below the 200-day SMA at $112.49. This creates a unique setup where momentum remains constructive on shorter timeframes

05-14Industry

DeFi Group Warns Clarity Act Amendments Threaten Developers

Tech　　DeFi Group Warns Clarity Act Amendments Threaten Developers　　Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology.　　From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.　　In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasnt until 2020 that she started to dive into the depth

05-14Industry

XRP Price Prediction: $2.70 Breakout Target as Institutional Accumulation Accelerates - 60% Probability by Q2 2026

Market Context: Institutional Momentum Building　　XRP has entered a critical consolidation phase at $1.46, trading above essential moving averages while institutional demand accelerates beyond retail participation. The RLUSD adoption momentum and regulatory clarity gained throughout 2024-2025 have eliminated the compliance overhang that previously suppressed price action.　　Current positioning above the 20-day SMA at $1.41 and sustained elevation over the 50-day at $1.39 demonstrates underlying accumulation rather than distribution. This sideways action represents methodical institutional positioning ahead of anticipated product launches and Blockchain.news has documented consistent whale wallet activity supporting this thesis throughout Q1 2026.　　Technical Convergence Points　　The momentum picture reveals transition rather than indecision across multiple timeframes. RSI maintains equilibrium at 57.81 in neutral territory while MACD histogram flatlining at zero indicates coiled energy rather than exhaustion. These indicators typically precede major moves when combined with the current volume characteristics.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full XRP price, calculator & analysis　　Bollinger Band positioning tells the accumulation story clearly. Trading at 0.85 band position means XRP rides upper resistance at $1.48 without breaking through, creating compressed volatility that historically resolves upward when supported by institutional flow. The 4.19% increase in open interest over

05-14Industry

Saudi-Linked Bank Raises Strategy Holdings by 53%

Tech　　Saudi-Linked Bank Raises Strategy Holdings by 53%Gulf International Bank raised its Strategy stake as institutions expand Bitcoin-linked exposure.Strategys value swings with Bitcoin, posting big losses during price declines in early 2026.Despite volatility, Strategy stock remains up year-to-date on renewed Bitcoin recovery.　　Gulf International Bank has increased its investment in Strategy as institutional interest in Bitcoin-linked stocks continues to grow. A recent filing from the banks UK unit showed it raised its Strategy holdings by 53% to 20,207 shares worth about $3.76 million.　　The disclosure, highlighted by BitcoinTreasuries.NET on May 13, comes as more financial institutions seek exposure to Bitcoin through publicly traded companies.　　Strategy, led by Michael Saylor, has become closely tied to Bitcoin after building one of the largest corporate Bitcoin reserves. As a result, many investors now treat the companys stock as an indirect way to gain exposure to the cryptocurrency market. The latest purchase also follows a recovery in Bitcoin prices after a weaker start to the year for digital assets.　　Gulf Investors Deepen Bitcoin Exposure　　Gulf International Bank operates under Saudi-linked ownership, including ties to the Public Investment Fund. The bank manages large asset portfolios across the Gulf and has gradually increased exposure to alternative investments. Its latest increase in holdings

05-14Industry

Peter Brandt Forecasts Bitcoin Price to Witness More Decline If This Happens

Bitcoin prices recent rebound above the $79,000 area has not yet confirmed a durable bottom, according to veteran trader Peter Brandt, who warned that $BTC remains inside a broader corrective structure rather than a verified reversal pattern.　　Brandt said Bitcoin has “$NOT $NOT $NOT” completed a recognizable bottom, pointing to a daily chart structure that resembles a bear channel developing from the February low. In his view, the latest rise should be treated as a rally within that channel until price delivers a decisive daily close above the upper boundary.　　Bitcoin was trading near $79,660 after testing resistance close to the upper side of the channel. The level has become important because the recent rally from April lows has pushed price directly into a zone where sellers previously regained control.　　Brandt identified $79,145 as the key level to watch. He said an ATR close below $79,145 would suggest that the recent advance is losing momentum and that rejection from the channel resistance is becoming more relevant.　　Peter Brandt Says Bitcoin Bulls Need Clean Breakout　　Brandts technical view centers on whether Bitcoin can break above the upper boundary of the current channel. Without that move, the market remains inside a structure that can still favor lower

05-14Exchange

Billions Network volume reaches $666M – Can BILL hold its 36% surge？

Billions Network [$BILL] debuted on the 7th of May, and the coin has already gained more than 229% five days later. At press time, $BILL has surged by 36% over the past 24 hours, commanding a trading volume of $666 million.　　Key reasons why $BILL is rallying post-launch　　During the launch, six major exchanges listed the token simultaneously. This move has contributed to the high volume experienced.　　Apart from the listings, $BILL is supported by an AI narrative, which is particularly relevant given the current state of affairs across all financial markets. Additionally, $BILL is backed by Coinbase Ventures and Polychain, which indicates institutional appeal.　　Furthermore, traders are increasingly taking long positions in the derivatives market. The OI‑Weighted Funding Rate is positive, meaning long traders are paying shorts to keep positions open.　　Source: CoinGlass　　Moreover, selling pressure remains low because the team holds most of the supply and continues distributing it to the community. Currently, only 24% of the total supply is in circulation.　　Team distributing tokens to the community　　The team was sending the tokens to exchanges for liquidity. Hence, this activity did not result in selling pressure, as they promised to distribute about 251 million $BILL to the community at TGE, which they have begun to

05-14Exchange

Coinbase Validators Hit 99.98% Uptime With 4.5M ETH Staked Across 5 Countries

Coinbase published its Q1 2026 Ethereum Validator Performance Report on Wednesday, detailing how the exchange manages validator infrastructure across five countries, two cloud providers, and seven MEV relays.　　Key Takeaways:Coinbase validators held 4.5M $ETH staked at 99.98% uptime in Q1 2026, outperforming the network average.Coinbase operates across 5 countries and 2 cloud providers, reducing single-point failure risk for ETF issuers and institutions.With a 3rd consensus client onboarding, Coinbase aims to further diversify validator infrastructure through 2026.　　Coinbase Holds 12% of Staked $ETH With Self-Imposed 30% Network Cap in Q1 2026　　According to the report, the exchange averaged 4.5 million $ETH staked to its validators during the quarter, representing 12.17% of total staked Ethereum on the network. Coinbase has set a self-imposed ceiling of 30% network penetration, a threshold it says it will not cross.　　Uptime came in at 99.98% for the quarter, above the network average of 99.77%. The company recorded zero slashing or double-signing events since it first launched validator operations.　　Image source: Coinbase report.　　Participation rate, which Coinbase treats as interchangeable with uptime, measures how consistently validators sign, submit, and get their attestations included in blocks. The company says its validators outperformed the network average across two of three key duties tracked: block proposals

05-14Exchange

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