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Bitcoin Builds Momentum Above $80K With $85K in Sight

Bitcoin pushed above the $80,000 mark today for the first time this year before pulling back to a critical support zone.　　Meanwhile, at press time, Bitcoin is still above $80,000, gathering momentum to push higher. According to analysts, market structure and derivatives data now shape what comes next.　　Key PointsBitcoin briefly broke above $80K before pulling back to the key $78.4K support level.Over 118,000 traders were liquidated, with losses totaling $508.57 million in one day.Analysts say holding $78.4K is crucial, as it forms the base for any continued upside.If support holds, Bitcoin could target $85K; if not, the price may revisit the $75K zone.　　Veteran Trader on Bitcoin $80K Breakout　　In a tweet today, analyst Sykodelic, a trader with over seven years of experience, noted that Bitcoin returned to the $78,400 level shortly after the $80K run. He describes the $78,400 region as a major higher-timeframe (HTF) structure point.　　According to him, this level represents the weekly candle body low of a bullish structure, and importantly, Bitcoin has reclaimed it for two consecutive weeks. That reclaim is now the foundation for any continuation higher.　　Sykodelics chartBitcoin Liquidations Shake the Market After $80K Push　　The move to $80,000 triggered a wave of new long positions, many of which

05-05

CLARITY Act faces new pressure from Ohio Senate race

The battle for the open Senate seat for the state of Ohio could impact the chances of the CLARITY Act, the crypto-friendly legislation that has been in the works since last year, finally landing this year, according to Galaxy Digitals Alex Thorn.　　The race is tightly contested, with Republican incumbent Jon Husted set to potentially face off with former Democratic Senator Sherrod Brown, who‘s expected to win his party’s nomination.　　If Democrats succeed, the CLARITY Act will likely face a far rougher path.　　Why is Sherrod Brown bad for the CLARITY Act？　　According to Galaxy Digitals Alex Thorn, if Democrats take the Senate and Brown wins Ohio, he could reclaim the Banking Committee chairmanship, a position he held from 2021 to 2025.　　If Democrats take the Senate but Brown loses, Sen. Elizabeth Warren would be next in line to lead the panel. Thorn sees both outcomes as hostile territory for digital-asset legislation.　　Brown earned an “F” rating from Stand With Crypto, which labeled him “strongly against crypto” based on 17 public statements and his vote against the SAB 121 resolution in May 2024.　　Democrat candidate Sherrod Browns recent comments have not improved his crypto rating. Source: Stand With Crypto.　　As banking chair during the Biden administration, he blocked

05-05

XRP in May: Insights From ChatGPT, Grok, Gemini AI

XRP trades tight near $1.30–$1.50; AI models predict a likely path in May.Key catalysts include XRP futures, leveraged ETFs, Fed shifts, and the CLARITY Act deadline.ETF inflows stay strong, but high NVT signals risk of a short-term correction if usage lags.　　XRP entered May 2026 in a tight range, but AI models across major platforms agree on one thing: the calm may not last long.　　With its price hovering between $1.30 and $1.45, traders are now watching a mix of technical signals, ETF flows, and major U.S. policy decisions that could decide the next move.　　Current Structure　　Insights from Grok, Perplexity, Gemini, Claude, and ChatGPT confirm XRP has been trading within a tight range.　　The token has traded mostly between $1.30 and $1.50 in the last two months, with the coin trading at $1.41 at press time. This range has become the key battlefield.　　Support sits near $1.30–$1.35. If that level breaks, XRP could slide toward $1.20, $1.17, or even retest the $1.00 zone.　　On the upside, resistance between $1.50 and $1.80 remains the biggest hurdle. A confirmed breakout above $1.50 could trigger a move toward $1.60, $1.70, and possibly $1.80+ in the short term.　　Key May Catalysts That Could Move XRP　　May stands out as one of the

05-05

CNS Pharmaceuticals (CNSP) Stock Skyrockets 215% on $22.5M Funding Round

The capital raise is projected to bring in roughly $22.5 million in gross proceeds — a substantial figure when compared to the companys pre-announcement market capitalization of merely $1.88 million.　　The financing arrangement encompasses 650,000 common stock shares at a price point of $2.30 per share. Additionally, it features pre-funded warrants representing another 9,143,479 shares at $2.299 each, carrying an exercise price of only $0.001 per share.　　The transaction is slated to finalize on Tuesday.　　Prominent institutional healthcare investors powered the oversubscription. The participant roster features ADAR1 Capital, Ikarian Capital, Stonepine Capital Management, and Nazare Partners — all well-recognized entities within the biotechnology investment sector.　　According to CEO Rami Levin, the capital infusion positions the firm to “execute on our recently announced corporate strategy.” He highlighted intentions to acquire assets featuring “clear development pathways” alongside “identifiable near-term catalysts.”　　Trading Volume Explodes　　Monday‘s trading activity represented a dramatic departure from CNSP’s typical patterns. Over 44 million shares traded hands — compared to a three-month daily average of merely 16,000 shares. This represents a volume increase of approximately 2,750 times normal levels.　　The stock had already gained 89.52% year-to-date prior to Mondays session. Despite the extraordinary single-day rally, CNSP continues trading down 82.49% from its level twelve months ago,

05-05

Former Ripple CTO Rejects $10K XRP Price Prediction

David Schwartz Pushes Back on $10,000 XRP Hype, Says Market Would Already Be Pricing It In　　Former Ripple CTO David Schwartz has reignited debate in the crypto space after pushing back against the , arguing that current market conditions do not support such an extreme valuation.　　Schwartz on X, formerly Twitter, to push back on claims that an NDA was shaping his comments. He argued that if even a small group of rational, high-net-worth investors genuinely assigned a 1% probability to XRP reaching $10,000 within the next decade, market behavior would already look very different.　　In his view, that level of conviction would trigger aggressive accumulation long before now, driving prices significantly higher than current levels, potentially even into double-digit territory. The fact that this kind of positioning isnt visible in the market, he suggested, is telling.　　His broader point was simple that if the upside thesis were truly as credible as some believe, it should already be reflected in capital flows.　　The absence of that demand, he implied, raises a straightforward question about how widely that $10,000 scenario is actually taken seriously by informed investors.　　He added that he prefers to avoid speculation altogether rather than give an answer he doesnt stand behind, underscoring that

05-05

JoelKatz Enters $FUZZY Liquidity Pool While Analyst Calls Chart Primed for Breakout

The deposit came quietly. No press release, no announcement thread. Ripple CTO David Schwartz, posting as @JoelKatz on X, said he took a portion of his FUZZY holdings alongside some XRP and put both into the XRP/FUZZY Automated Market Maker pool on the XRP Ledger. A two-sided deposit. The kind that adds liquidity to a trading pair and positions the depositor to collect fees on every swap that moves through it.　　Source: JoelKatz　　“I took some of my FUZZY and some of my XRP to do a two-sided deposit into the XRP/FUZZY AMM,” JoelKatz wrote. He was direct about the mechanic. This adds liquidity to FUZZY and could let him profit from both volatility and swaps between FUZZY and XRP.　　He Put Capital Where the Community Was Watching　　This is not the first time Schwartz has engaged with $FUZZY. Earlier this week he added a trust line for the token, a technical action that sent the community into a frenzy before he had spent a single token. The trust line was a promise. The AMM deposit was the follow-through.　　Setting up a trust line means a wallet opts in to hold a specific asset. Entering the AMM means the wallet is now actively deployed in

05-05

World Liberty Financial takes Justin Sun to court, what happened?

World Liberty Financial said it is filing a lawsuit against Tron founder Justin Sun for defamation. The project announced the case in a thread on X and accused Sun of running a media campaign against the WLFI token project.WLFI says Justin Sun defamed the project after tokens linked to his entities were frozen.Sun previously sued WLFI, claiming the project froze tokens and removed his governance rights unfairly.The dispute now includes competing lawsuits, blacklist claims, governance concerns, and public online defamation allegations.　　WLFI claimed Sun spread false statements after the project froze tokens linked to his entities. The team said Sun refused to stop after it challenged his claims. It also alleged that his comments aimed to damage the projects reputation and token value.　　According to WLFI, Suns entity, Blue Anthem, bought WLFI tokens in November 2024. The project later said Sun-linked entities carried out prohibited transactions, including transfers of WLFI tokens to Binance.　　WLFI said it used its right to freeze the tokens to protect the ecosystem. The project stated that the freeze function was allowed under its Terms of Sale and Suns own agreements. It also said the governance process remains transparent and community-based.　　WLFI rejects claims over governance and controls　　The project said

05-05

World Liberty Alleges Justin Sun Used Threats and Shorting to Hit WLFI Token

WLF sued Justin Sun in Miami on May 4, 2026, over claims he defamed the Trump-backed crypto venture.The WLFI token faced volatility and lows as Sun allegedly moved $300 million to Binance to short the coin.Future court dates will address Suns April claim that WLF illegally froze $75 million of his holdings.　　Allegations of Market Manipulation　　The Trump family-affiliated World Liberty Financial filed a defamation lawsuit Monday, May 4, against Tron blockchain founder Justin Sun, alleging he engaged in a deliberate campaign to spread false information about the company.　　The lawsuit, filed in the Eleventh Judicial Circuit Court for Miami-Dade County, claims that Sun published defamatory statements to his millions of followers on X. The legal action marks a significant escalation in a public feud between the Trump-backed venture and Sun.　　In a statement announcing the lawsuit, World Liberty Financial alleges that Sun engaged in prohibited token transfers, “straw” purchases through third parties, and short selling of the company‘s WLFI token. The complaint further asserts that Sun was fully aware of the protocol’s right to freeze user tokens to protect the community and adhere to governing agreements.　　“Rather than acting in good faith, Justin Sun chose to defame World Liberty — repeatedly, publicly, and to

05-05

Bitget CFD daily volume hits record $8B on gold surge

Bitgets CFD platform has logged a record $8B day, with gold-linked contracts driving 95% of the jump as Chinese-speaking, European, and Southeast Asian traders pile into metals.Bitget says its contracts-for-difference (CFD) business has reached a new all-time high, with single-day trading volume surpassing $8 billion.Gold-related products drove roughly 95% of the incremental activity, making precious metals the core engine of Bitgets cross-asset trading uptick.Chinese-speaking, European, and Southeast Asian markets together accounted for 85% of the growth, underscoring a broad regional expansion.　　Bitget reported that daily trading volume on its CFD segment has broken through $8 billion, extending a run that saw the platform first pass $2 billion in early 2025 and then $6 billion in March 2026 as its multi-asset strategy gained traction.　　Gold demand powers new CFD record　　According to the exchange, the latest record has been “driven by the global macroeconomic environment and asset allocation needs,” with gold-linked contracts contributing about 95% of the increase in volume and emerging as the “core engine” behind the cross-asset spike.　　Bitget pointed to heightened volatility in precious metals and commodities — influenced by geopolitical risk, inflation concerns, and shifting rate expectations — as key catalysts for traders rotating into XAU and other non-crypto products via

05-05

Bitget and WIW3CH Announce Collaborative Roadmap to Support Women in Web3

Tech　　Bitget and WIW3CH Announce Collaborative Roadmap to Support Women in Web3　　Victoria, Seychelles, May 4th, 2026 — Bitget, the world‘s largest Universal Exchange, has announced a strategic partnership with WIW3CH, a premier organization dedicated to amplifying the influence of women in the Web3 sector. This collaboration, launched under Bitget’s flagship Blockchain4Her initiative, focuses on dismantling barriers for women through high-impact educational content and community networking.　　The partnership kicks off with an exclusive podcast featuring Bitget CEO Gracy Chen, who will detail her professional journey and offer strategic advice for women entering the blockchain industry. Beyond multimedia content, the two organizations will co-publish a series of educational articles designed to provide the WIW3CH community with a roadmap for career development, technical literacy, and navigation of the evolving Web3 landscape.　　To further bridge the gap between education and professional opportunity, Bitget is gifting three WIW3CH VIP memberships to its community members. These exclusive passes provide holders with complimentary or discounted access to industry masterclasses and conferences, alongside early entry to specialized educational modules. Beyond learning, the membership facilitates deep community integration through access to private networking channels and collaborative working groups, as well as priority consideration for future scholarships.　　Since its launch in early 2024, the

05-05

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