AAVE Price Prediction: $85 Capitulation Target as DeFi Selloff Accelerates

Distribution Phase Confirmed  AAVE‘s grinding decline to $96.45 represents classic distribution as smart money exits DeFi positions ahead of broader market weakness. The token’s 3.38% daily drop masks a more serious technical deterioration that becomes clear when examining the confluence of momentum signals and volume patterns.  Price action around the 12-period EMA at $96.45 creates a false sense of stability, but the underlying structure points to continuation lower. The RSI neutral reading at 49.93 combined with stalled MACD momentum indicates neither buying pressure nor capitulation – a dangerous middle ground that typically resolves with violent moves. Blockchain.news analysis of similar DeFi token patterns shows this type of sideways drift often precedes 15-20% corrections within days.  Critical Support Breakdown Setup  The immediate technical picture centers on AAVEs inability to reclaim the $99.47 resistance zone. Each bounce attempt meets selling pressure, creating a textbook bear flag pattern that targets the $85-88 support cluster.  Current price positioning between the 7-day SMA at $97.79 and support at $93.92 creates a narrow trading range that favors downside resolution. The Bollinger Band reading of 0.61 places AAVE in the upper portion of its recent range, suggesting limited upside potential before encountering distribution pressure. More critically, the distance to the 200-day SMA

05-15

US Dollar Index (DXY) rallies above 99.00 amid soaring US yields

Finance  US Dollar Index (DXY) rallies above 99.00 amid soaring US yields  The US Dollar (USD) is outperforming this week, fuelled by higher US Treasury yields as solid macroeconomic data and high inflationary pressures have boosted expectations of Federal Reserve (Fed) rate hikes later in the year.  The US Dollar Index (DXY), which measures the value of the Dollar against a basket of peers, is trading at five-week highs, at 99.20, at the time of writing, on track for its best weekly performance in two months, after rallying about 1.30% in the last five days.  US Retail Sales data released on Thursday revealed that consumption remained resilient in April, and weekly Initial Jobless Claims provided further signals of a stabilising labour market, despite the war in the Middle East.  Consumer and producer inflation data released earlier in the week, on the other hand, have shown that the impact of the energy shock has been stronger than expected. These figures have prompted markets to raise bets of Fed interest rate hikes by the end of the year, which have propelled US Treasury yields to one-year highs and are buoying speculative demand on the Greenback.  In the meantime, the US-Iran war remains stalled, with the Strait of Hormuz

05-15

Solana Price Prediction: $98 Wall Keeps SOL Trapped

Tech  Solana Price Prediction: $98 Wall Keeps SOL Trapped  Solana is testing a key setup after sellers rejected SOL near the $98 resistance zone. However, the price still holds important short term support, keeping the breakout scenario alive for now.  Solana Price Faces $98 Breakout Test After Channel Rejection  Solana price is trading near the upper part of its daily range after a failed attempt to break the $98 resistance level, according to the SOL chart shared by Ali Charts.  The chart shows SOL moving inside a defined channel since February. The lower boundary sits near $78.17, while the upper boundary stands near $97.79. The mid-range area is around $88.02, with another key level near $92.89  Solana Daily Channel Chart. Source:  SOL recently tested the channel ceiling near $98 but faced a quick rejection. After that move, the price pulled back toward the $91 area. This shows that sellers still control the upper range for now.  However, the chart also shows SOL holding above the $88 pivot level. That keeps the broader channel structure intact. As long as Solana stays above this mid-range zone, another move toward $98 remains possible.  A daily close above $98 would mark a bullish breakout from the range. In that case, Ali Charts points

05-15

GEN Restaurant Group, Inc. (GENK) reports Q1 loss, lags revenue estimates

Finance  GEN Restaurant Group, Inc. (GENK) reports Q1 loss, lags revenue estimates  GEN Restaurant Group, Inc. (GENK – Free Report) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.  This quarterly report represents an earnings surprise of -100.00%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced a loss of $0.14, delivering a surprise of -133.33%.  Over the last four quarters, the company has surpassed consensus EPS estimates two times.  GEN Restaurant Group, Inc., which belongs to the Zacks Retail – Restaurants industry, posted revenues of $53.9 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.56%. This compares to year-ago revenues of $57.34 million. The company has not been able to beat consensus revenue estimates over the last four quarters.  The sustainability of the stock‘s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.  GEN Restaurant Group, Inc. shares have added about 7.1% since the beginning of the

05-15

Group linked to Trump sons seeks $400M from US defense department for Kazakhstan tungsten mine

Tech  Group linked to Trump sons seeks $400M from US defense department for Kazakhstan tungsten mine  A company with ties to Donald Trumps adult sons is asking the US Department of Defense for $400 million to develop a tungsten mine in Kazakhstan. The request lands at a moment when Washington is aggressively trying to wean its defense supply chain off Chinese-controlled minerals.  The project targets the Boguty deposit in Kazakhstan, a country sitting on significant tungsten reserves. Its a conventional mining play, not a tokenized asset or blockchain venture.  Why tungsten, why Kazakhstan  Tungsten is used in armor-piercing ammunition, aerospace components, and high-performance tooling. Its classified as a critical mineral by the US government. China dominates global tungsten production, giving Beijing enormous leverage over a material the Pentagon considers essential.  Kazakhstan has been actively courting international investment to expand its mining sector, positioning itself as a reliable alternative supplier for defense and high-tech manufacturing inputs.  The conflict-of-interest question  When a company linked to the sitting presidents family requests hundreds of millions in government funding, the optics are, to put it gently, challenging. The $400 million ask from the DoD raises straightforward questions about whether national security priorities are being leveraged for private benefit.  This is a real funding request

05-15

Signal warns Canada exit may follow lawful access bill

Signal has warned that it may leave Canada if the countrys proposed lawful access bill forces the company to weaken its privacy tools. Signal says it may leave Canada rather than weaken its end-to-end encryption promises to users.Bill C-22 remains in committee as lawmakers review lawful access powers and metadata rules.Meta, Apple and Windscribe have also raised privacy and security concerns over the proposal publicly.  The warning came from Udbhav Tiwari, Signals vice president of strategy and global affairs.  Tiwari said Signal “would rather pull out of the country” than break the privacy promises made to users. He also warned that Bill C-22 “could potentially allow hackers” to target weaknesses built into electronic systems.  Canada says the bill supports law enforcement  Bill C-22, also called the Lawful Access Act, 2026, seeks to update Canadas rules for digital data access. Parliament records show the bill is now under review by the House of Commons Standing Committee on Public Safety and National Security after second reading on April 20.  The Canadian government says the bill would help law enforcement and CSIS respond to crime and national security threats. Public Safety Canada says Part 2 does not create new powers to intercept communications, but would make electronic service

05-15

Australias proposed CGT changes could discourage long term crypto holding

Australias proposed changes to capital gains tax could lead to smaller profits for cryptocurrency traders, especially low-income earners and could discourage “patient investing,” according to several crypto executives.  The proposed reform, announced by the ruling Labor Party on Tuesday as part of its fiscal year 2027 budget, will bring in a minimum 30% tax on capital gains and scrap the 50% capital gains tax discount on assets held for more than 12 months.  Robin Singh, CEO and founder of crypto tax platform Koinly, told Cointelegraph the proposed changes are a mixed bag: the new system “theoretically” protects investors from being taxed on purely inflationary gains, but in practice, most crypto investors will pay more tax, with low-income earners hit the hardest.  “A lower-income earner who would have paid around $3,800 under the old rules, 19% on a $20,000 discounted gain, will pay $10,200 under the new ones. Thats nearly triple. For students, part-time workers and anyone without significant other income, this is the biggest shift,” Singh added.  Many investors, particularly Gen Z and Millennials, have seen crypto as a way to create wealth and long-term financial well-being. The new tax changes could impact that notion. A 2025 report from crypto exchange Independent Reserve found

05-15

Examining whether Ondos rejection at $0.47 opens door to $0.26

Ondo [$ONDO] witnessed an 8.93% drop in Open Interest in the past 24 hours, and its price was down 4.78%. The altcoin has some upward momentum still – it has rallied 12% over the past week.  This Open Interest depression signaled that speculators were likely in the process of exiting the market, awaiting the next strong trend. It must be noted that the altcoin challenged the $0.47 local high on Saturday, the 9th of May.  Source: $ONDO/USDT on TradingView  In a recent report, AMBCrypto had warned that the 1-day structure remained bearish. A rally up to the 78.6% retracement level at $0.413 was anticipated, with a small chance of $0.47 being tested before a bearish continuation.  News that a team-linked wallet moved Ondo tokens worth $63.9 million to Coinbase had already warned of potential sell pressure. Though momentum was strong recently, the bearish outlook appeared to have held so far.  The bearish $ONDO setup following the recent rejection  Source: X  In a post on X, influencer Cryptorphic laid out a short setup that lined up with the 1-day $ONDO chart posted earlier. If the price breached the descending trendline and went above $0.42, it would invalidate the bearish setup.  Meanwhile, to the south, the $0.26 lows that the

05-15

Gemini reports 42% revenue growth after expansion into financial services

Crypto company Gemini reported a 42% year-over-year increase in revenue in Q1 2026 as it continued its growth from a pure crypto exchange to a financial services company.  Total revenue for the Winklevoss twins company grew 42% year over year to $50.3 million in the first quarter, while transaction revenue remained stable at $24 million, the company reported Thursday.  However, its crypto exchange revenue decreased 27% year-over-year to $17.2 million, “reflecting lower spot trading activity and a moderation in crypto market volumes,” while total trading volume declined to $6.3 billion from $13.5 billion in Q1 2025.  The biggest increase was in credit card revenue, which surged nearly 300% to $14.7 million, driven by significant growth in the Gemini Credit Card user base, the company said.  The expansion from crypto into broader financial services began in early 2021, when the company announced consumer finance products such as credit cards. Five years later, services and interest income, driven heavily by credit cards, made up almost half of total revenue, showing how pivotal the expansion has become.  “As Gemini continues to evolve, we expect that the momentum we have built in diversifying our revenue will only accelerate,” said Gemini president Cameron Winklevoss.  Geminis revenue increased, but so did operating

05-15

Crypto data company Dune cuts 25% of staff in restructuring

Crypto data company Dune said it is laying off 25% of its workforce, citing a need to restructure its business to focus on its core products.  “We‘re restructuring Dune to sharpen our focus around the core data products thousands of customers across the crypto industry rely on,” Dune co-founder and CEO Fredrik Haga posted to X on Thursday. “That unfortunately means we’ve let 25% of the team go this week.”  Haga did not share the number of staff who were laid off. The companys LinkedIn shows about 150 employees. Haga said the company remained “well capitalized” and that Dune was “all-in” on artificial intelligence and growing institutional interest in crypto.  Layoffs and closures are rising across the crypto and tech sectors this year, with many companies citing AI as both a help and a hindrance.  Just this month, Coinbase cut 700 employees, or about 14% of its workforce, on May 5, citing an increase in AI use, while the crypto news outlet DL News shuttered on Friday, citing part of the reason was decreased reach in internet search results due to AI aggregation.  Haga said that Dunes Model Context Protocol, or MCP, which allows AI to interact with the platform, means “teams and agents can

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