Ethereum rebound at risk? Exchange data flashes warning

Ethereum traded at $2,280.47 at press time, with 24-hour volume at $10.18 billion, according to crypto.news data. Ethereums exchange supply ratio has dropped, but price has not yet formed a matching bottom.Binance ETH funding rates remain negative, showing traders still favor downside positions.Rising short liquidations may add buying pressure if Ethereum continues its recent recovery.  ETH gained 0.75% in the past day but remained down 1.56% over the last seven days. Its market cap stood at $275.23 billion, based on a circulating supply of 120 million ETH.  The price action comes as analysts track opposing signals from exchange supply and derivatives data.  Exchange supply ratio signals dip risk  CryptoQuant analyst PelinayPA said Ethereum may still face downside risk. The analyst pointed to a sharp fall in the exchange supply ratio.  In past cycles, a falling ratio often appeared near price bottoms. Lower exchange supply can mean reduced selling pressure, but the analyst said the current setup shows a gap.  PelinayPA said the ratio has dropped to low levels, but ETH has not formed a matching price bottom. The analyst said this could mean the market has not fully priced in the supply move.  The analyst added that “a delayed downward move” remains possible. The view suggests ETH

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XRP Price Follows Bitcoin? Bill Morgan Explains XRP-BTC Correlation

Bitcoin  XRP Price Follows Bitcoin? Bill Morgan Explains XRP-BTC Correlation  The post XRP Price Follows Bitcoin? Bill Morgan Explains XRP-BTC Correlation appeared first on Coinpedia Fintech News  Pro-XRP lawyer Bill Morgan has often said that XRPs price is strongly linked to Bitcoin, acting as a “follower” to market leader movements. This view has put him into a controversy.  Responding to critics, Morgan said, “For those who keep insulting me for saying XRP follows Bitcoin, I am referring to correlation.”  He further explained what he actually meant.  XRP Price Follows Bitcoin, Says Bill Morgan  According to Bill Morgans recent comments, XRP price action remains strongly linked with Bitcoin price moves. However, he said this does not mean XRP copies every Bitcoin move exactly.  “The correlation coefficient between bitcoin price movement and XRP price movement is quite high, although it varies. It is a directional correlation which does not mean, for example, that if bitcoin price rises or falls by a specific percentage, the corresponding XRP move will be identical as a percentage.”  Morgan isnt speaking in a vacuum. The data support his view.  Right now, the 90-day correlation between XRP and Bitcoin is 0.628. On a scale where 1.0 means both move the same, this is a strong connection.  From 2020 to

05-01

Trump stock short volume hits 2-week high: Is a massive short squeeze brewing?

Finance  Trump stock short volume hits 2-week high: Is a massive short squeeze brewing?  After a significant jump between April 27 and 28, Trump Media & Technology (NASDAQ: DJT) stock short volume ratio inched higher and ended the month at its highest value in at least two weeks.  Specifically, after hitting its recent low of 37.11, the metric soared to 60.18 within a single day and continued climbing to 61.63 on April 30.  DJT stock short volume ratio. Source: Finbold  Notably, the April 27 bottom coincided with one of DJT stocks highest closing prices of the month – $9.95 – and the subsequent rise in bearish bets accompanied a significant price drop.  Thus, the most recent reading appears to indicate that investors estimate that Trump Media shares are about to plunge further in May, though it simultaneously raises the possibility that a significant short squeeze is imminent.  Is a squeeze imminent for DJT stock short-traders?  The possibility that DJT stock short-sellers are about to get liquidated is increased by the equitys 2026 tendency to trade together with major moves made by other major assets, at least in the short term.  Indeed, while noticeably more volatile, Trump Media appears to have followed the wider market into the late January downturn,

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Bakkt bets on stablecoins after completing DTR deal

Bakkt has completed its acquisition of Distributed Technologies Research, a stablecoin payments infrastructure firm. Bakkt issued over 11.3 million shares to complete its acquisition of DTR.DTR brings stablecoin payments technology and compliance tools into Bakkts institutional platform.Bakkt shares recovered after the deal closed, rising from Wednesdays earlier decline.  The deal brings DTR‘s agentic payments technology and compliance tools into Bakkt’s regulated institutional platform.  The company said the combined platform will support institutions and fintechs seeking faster digital payments. Bakkt aims to build a 24/7 digital settlement layer using stablecoin technology.  Stablecoin settlement becomes core focus  Bakkt said DTRs AI-native engine will be added to its existing infrastructure. The company expects the integration to reduce reliance on traditional correspondent banking systems.  Bakkt CEO Akshay Naheta said, “The architecture of money movement rarely evolves at this level.” He added that the deal introduces stablecoin functionality as a bridge between legacy finance and digital assets.  At closing, Bakkt issued 11,316,775 Class A common shares to DTRs beneficial holders. The company may issue up to 725,592 more shares tied to outstanding warrants.  The transaction was first announced in January. At that time, the deal involved 9.3 million shares. Bakkt also announced a corporate name change to Bakkt Inc. during the same

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QNT Bearish Analysis May 1

Tech  QNT Bearish Analysis May 1  QNT is experiencing a consolidation stuck around 69 dollars, while bearish signals on the daily chart increase the risk of testing critical support levels; BTCs sideways movement creates a cautious environment for altcoins.  Market Outlook and Current Situation  Quant (QNT) is trading at the 69.00 dollar level as of May 1, 2026, showing a slight 0.58% decline over the last 24 hours. A clear downtrend dominance is observed on the daily timeframe; the price is stuck in a narrow band between 68.60-70.41 dollars. Volume is relatively low at 2.98 million dollars, indicating that buyers have not yet made a strong entry. Weakness in altcoins across the broader market is suppressing QNTs short-term momentum.  When examined in a multi-timeframe (MTF) context, 3 strong support levels and 2 resistance levels stand out on the 1D chart, but there is no clear confluence on the 3D and 1W timeframes. This situation shows that QNT is in a local correction and has become dependent on broader market dynamics. Bitcoins 1.09% rise keeping it in a sideways trend limits volatility in utility tokens like QNT, but sales pressure may continue in an environment of low overall risk appetite. The calm recent news flow keeps

05-01

MegaETH (MEGA) Token Debuts Across Major Exchanges Without Paying Listing Fees

MegaETH (MEGA) Price  The token deployment was activated once 10 ecosystem applications from the “Mega Mafia” initiative became operational and surpassed the projects initial key performance indicator (KPI) requirement. The MegaETH team had pledged to delay the token launch until genuine network usage could be demonstrated.  Binance initiated spot market trading at 11:00 UTC, offering MEGA/USDC and MEGA/USDT trading pairs. KuCoin and Bitget synchronized their listings to match this timing. Additional platforms including Coinbase, Bybit, Upbit, Bithumb, OKX, and MEXC simultaneously introduced MEGA trading on the same day.  BINANCE LISTS MEGAETH WITH SEED TAG@Binance confirmed the $MEGA listing with no $BNB listing fee, an increasingly rare move for new token additions.  Trading for MEGA/USDT, MEGA/USDC, and MEGA/TRY pairs goes live at 11:00 UTC on April 30, 2026. Withdrawals will open the… pic.twitter.com/kwJryNmXMo  — BSCN (@BSCNews) April 30, 2026  Regulatory compliance measures prevent deposits and trading activities for users located in the United States, Canada, and the Netherlands.  Exchange Listings Secured Without Token Payment  The most notable aspect of the launch was MegaETHs stance on refusing to pay listing fees. Earlier in 2026, the project publicly announced it would not distribute MEGA tokens to exchanges for listing fees, liquidity incentives, or promotional token drops.  Despite this position, every major trading

05-01

Terra Classic (LUNC) Rallies 60% This Week — Key Catalysts Behind the Surge

The primary catalyst fueling this rally is aggressive supply reduction. More than 444 billion LUNC tokens have been permanently removed from circulation, representing approximately 6.4% of the total supply. Additionally, nearly 932 billion tokens remain locked in staking mechanisms, significantly constraining the available trading supply.  Just within the last three days, approximately 630 million LUNC tokens were destroyed through burning mechanisms. This accelerated burn rate has captured trader attention and renewed market interest.  Binances Burn Event and Protocol Enhancements  Market participants are closely monitoring Binances anticipated monthly burn scheduled for May 1. The exchange removes LUNC from circulation using revenues generated from spot and margin trading fees. Given Aprils robust trading activity, analysts expect this burn to exceed typical monthly amounts.  According to CoinGlass tracking data, open interest in LUNC derivative contracts surged to $37.85 million throughout the recent rally. This metric signals increased participation from short-term speculative traders.  [[IMG_3]]Source: Coinglass  Simultaneously, the community is voting on the v4.0.1 network upgrade proposal, with the governance period extending through May 6. This technical upgrade addresses historical blockchain vulnerabilities while seeking to enhance overall network efficiency.  Regulatory Resolution and Future Development  Terraform Labs has reached a settlement agreement with the Securities and Exchange Commission. Through its ongoing bankruptcy process, the

05-01

Dow Jones futures climb as Wall Street posts record closes overnight

Finance  Dow Jones futures climb as Wall Street posts record closes overnight  Dow Jones futures gain 0.14%, trading near 49,900 during the European hours on Friday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.12%, to near 7,250. However, Nasdaq 100 futures advance 0.04% to near 27,600.  US stock futures edge higher following record closes on Wall Street the previous day. The S&P 500 and Nasdaq 100 are reaching fresh record highs and posting their strongest monthly gains since 2020.  In Thursdays US regular trading, the Dow Jones climbed 1.62%, while the S&P 500 and Nasdaq 100 rose 1.02% and 0.89%, respectively, driven by solid corporate earnings and easing oil prices. After the close, Apple posted quarterly results that exceeded expectations, further supporting sentiment in the technology sector. Traders are now focusing on more earnings reports due Friday, including Chevron, Exxon Mobil, Colgate-Palmolive, Estée Lauder, and CBOE, among others.  However, traders remain cautious amid ongoing US–Iran tensions. US President Donald Trump stated on Thursday that he would continue the naval blockade of Iranian ports, amid concerns that the strategically important Strait of Hormuz may not reopen in the near term. Trump also criticized congressional efforts aimed at restricting his war

05-01

Will the Structure Market Bill (Clarity Act) Pass in May? What Experts Say!

Tech  Will the Structure Market Bill (Clarity Act) Pass in May? What Experts Say!  The post Will the Structure Market Bill (Clarity Act) Pass in May? What Experts Say! appeared first on Coinpedia Fintech News  The CLARITY Act, Americas most ambitious attempt to create a proper regulatory structure for digital assets, is approaching its final, make-or-break moment. And the question everyone in crypto space is asking: Will May 2026 finally be the month it actually happens?  Heres what Industry experts and prediction markets say about it.  CLARITY Act is “in the Red Zone”  Senate Banking Committee Chairman Tim Scott said the CLARITY Act is “in the red zone,” meaning the bill is close to moving forward. He said it could reach committee markup in May, followed by a possible Senate floor vote in June or July.  Scott also said he expects the bill to reach the Presidents desk this summer, showing growing momentum in Washington.  Other lawmakers also sounded confident. At the Bitcoin 2026 Conference, Senator Cynthia Lummis said crypto market structure legislation will be marked up in May, adding,  “We are gonna get it to the finish line.”  Senator Tillis also backed the bill and urged leaders to “move forward.”  Meanwhile, Senator Bernie Moreno warned that missing the end of

05-01

SBI Holdings eyes Bitbank takeover as Japan crypto sector consolidates

SBI Holdings has started formal talks with Bitbank over a capital and business alliance. The planned transaction would make Bitbank a consolidated subsidiary of SBI.SBI Holdings has begun talks to make Bitbank a consolidated subsidiary through a share acquisition.The move follows SBI VC Trades merger with Bitpoint Japan in April 2026.Bitbanks EPOS Crypto Card lets users settle monthly bills with bitcoin balances.  The company said it plans to acquire shares after due diligence and internal approval. Details on timing, structure, and acquisition method will be discussed later.  The move comes soon after SBI Group absorbed Bitpoint Japan through a merger with SBI VC Trade in April 2026. The latest talks show SBI is moving quickly to expand its crypto exchange business.  Japan is also reviewing how crypto assets fit under the Financial Instruments and Exchange Act. That process may bring tighter rules for exchanges and crypto investment products.  Bitbanks IPO path comes into focus  Bitbank had previously prepared for a possible Tokyo Stock Exchange listing by mid-2025. The company had also raised about 7 billion yen through a capital and business alliance with Mixi in 2021.  Mixi became a major shareholder with a 26.2% stake. SBI‘s proposal may now draw attention to Bitbank’s listing plans and

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