XRP 'probably going to $12' as price holds historical bottom zone for months
XRP is retesting a key multi-year support zone that has historically preceded major rebounds, with analysts predicting a rally toward $12 if the level holds.
Bitwise Launches $267M Tokenized Crypto Fund
Bitwise has launched the Bitwise Crypto Carry Fund (USCC), its first tokenized investment product for institutional investors that will enable them to earn yield from crypto markets through blockchain-based infrastructure in partnership with Superstate. That should be a significant step in the ongoing process of merging traditional finance with decentralized finance systems. According to Bitwise, as of April 30, 2026 the fund had approximately $267 million in assets under management and is one of the larger tokenized crypto asset investment products currently available on the market. One important distinguishing feature of this fund is that it has exposure to leading The post Bitwise Launches $267M Tokenized Crypto Fund appeared first on The Merkle News.
Bitwise enters tokenized funds via Superstate’s crypto carry vehicle
Bitwise plans to take over Superstate’s tokenized crypto carry fund as demand for actively managed onchain investment products continues to grow.
Crypto Polo Cup returns for its fourth edition in Palm Beach during Consensus Miami week
Hosted by Luna PR, the fourth edition of the Crypto Polo Cup (CPC) will take place on May 9, 2026, at the Santa Clara Polo Club, alongside Consensus Miami.
Tether Launches QVAC MedPsy to Blaze New Trails in Efficiency of Medical Reasoning
Tether is also branching out by announcing QVAC MedPsy, an open-source medical reasoning model aimed at edge and local deployment. The initiative represents a purposeful entrance into the fast-moving world of AI, where privacy, efficiency and availability come to be more beneficial than processing capability itself. QVAC MedPsy, stick to its vision of performing on consumer grade hardware unlike most AI systems that depend too heavily on the cloud infrastructures. Eliminating transmission of sensitive medical data to external servers minimizes privacy risks and provides the additional benefit of latency savings from this local-first approach. As world tensions rise around the The post Tether Launches QVAC MedPsy to Blaze New Trails in Efficiency of Medical Reasoning appeared first on The Merkle News.
Hedera Activity Grows & Zcash Rallies Past $420, But BlockDAG’s Casino & 246X ROI Are Pulling Bigger Crowds
The crypto market this May is full of mixed signals. The latest Hedera price prediction shows HBAR stuck below $0.10 despite huge enterprise wins, while the Zcash ZEC price is climbing fast as buyers rush into privacy coins. Both stories tell different sides of the same market, one about partnerships that fail to lift price, [...] The post Hedera Activity Grows & Zcash Rallies Past $420, But BlockDAG’s Casino & 246X ROI Are Pulling Bigger Crowds appeared first on Blockonomi.
How ether.fi Moved $220M to OP Mainnet Without Pausing a Single Card Payment
TLDR: ether.fi ran 70,000 active cards and 300,000 accounts uninterrupted during a full live chain migration. Separating card payment accounting from onchain settlement was the architectural decision that made zero downtime possible. Gnosis Safe’s deterministic deployment eliminated address reconciliation — a common blocker in cross-chain moves. Since closing the migration, TVL has surged from $220M [...] The post How ether.fi Moved $220M to OP Mainnet Without Pausing a Single Card Payment appeared first on Blockonomi.
Kraken buys Hong Kong stablecoin firm Reap for $600 million in Asia push
Kraken’s $600 million acquisition of Reap folds a Hong Kong stablecoin business‑payments specialist into its stack, with Payward issuing stock at a $20 billion valuation to anchor its IPO‑era M&A currency. Kraken’s parent company Payward Inc. has agreed to acquire…
Ethereum Price Analysis: Failure at $2.4K Spells More Trouble Ahead for ETH
Ethereum continues to trade within a broader consolidation structure as the market struggles to establish sustained bullish momentum. Nevertheless, weakening momentum indicators and growing signs of seller activity suggest that the market could be preparing for another corrective move in the short term. Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH is […]
South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January
The Ministry of Economy and Finance has officially confirmed that South Korea will begin taxing virtual assets starting January 2027. Official Stance on Implementation Timeline A top South Korean finance official reportedly confirmed that the government intends to begin taxing virtual assets in January as originally scheduled, marking the first time the Ministry of Economy […]
XRP Utility Called Into Question by SWIFT Veteran
Former SWIFT Chief Innovation Officer Tom Zschach has poured cold water on Ripple's recent tokenization pilot with Wall Street giants.
Tether Launches Medical AI Models That Run on Phones and Beat Larger Systems
TLDR: Tether 1.7B model beat Google’s MedGemma-4B by 11+ points despite being less than half the size. The 4B model cuts token output by 3.2x, reducing compute costs and enabling faster on-device responses. QVAC MedPsy runs fully local in GGUF format, keeping sensitive patient data off remote cloud servers. Models were tested across eight benchmarks, [...] The post Tether Launches Medical AI Models That Run on Phones and Beat Larger Systems appeared first on Blockonomi.
Anthropic’s on-chain pre-IPO market value jumps to $1.2 trillion, overtakes OpenAI for the first time
Anthropic’s tokenized pre‑IPO shares now imply a $1.2T valuation—above OpenAI—showing how on‑chain markets are front‑running late‑stage AI pricing before any IPO. In February 2026, Anthropic closed a Series G round at a $380 billion post-money valuation, led by GIC and Coatue, already…
What The Aggressive Profit-Taking By Bitcoin Investors Means For The Price
Bitcoin crossed $80,000 for the first time in three months over the weekend, but it did not do so quietly. On-chain analytics firm Santiment recorded net realized profits of $207.56 million on Sunday, the highest single-day reading in a month, as holders who had accumulated Bitcoin at significantly lower prices moved their coins into a […]
BlackRock says Bitcoin and liquid alternatives gain appeal as 60/40 portfolio loses its edge
BlackRock says Bitcoin and gold can help diversify portfolios as stock and bond correlations weaken traditional allocation models. The post BlackRock says Bitcoin and liquid alternatives gain appeal as 60/40 portfolio loses its edge appeared first on Crypto Briefing.
‘Buy more Bitcoin than you sell’: Saylor reaffirms accumulation stance after floating possible sales
Saylor's strategy highlights the potential volatility and risk management challenges in leveraging Bitcoin for corporate financial obligations. The post ‘Buy more Bitcoin than you sell’: Saylor reaffirms accumulation stance after floating possible sales appeared first on Crypto Briefing.
Zoetis (ZTS) Stock Plummets 20% Following Disappointing Q1 Results and Guidance Cut
Zoetis (ZTS) plunged 20% Thursday after missing Q1 estimates and slashing guidance as pet owners reduce spending on veterinary care and premium products. The post Zoetis (ZTS) Stock Plummets 20% Following Disappointing Q1 Results and Guidance Cut appeared first on Blockonomi.
'Buy More Bitcoin Than You Sell': Michael Saylor Makes U-Turn Amid 22-Day Dry Spell
Michael Saylor pivots to a "Buy more than you sell" rule as a $12.5 billion loss and STRC's sub-$100 parity stall force a strategic U-turn on Bitcoin sales.
Micron (MU) Stock Surges to Record High on $740 Price Target from Mizuho
Micron (MU) stock reaches all-time high of $668 with Mizuho raising price target to $740. Analysts highlight 327% forward EPS growth potential. The post Micron (MU) Stock Surges to Record High on $740 Price Target from Mizuho appeared first on Blockonomi.
Arbitrum vote to release $71M in frozen Kelp exploit ETH set to pass
The Snapshot vote would move the recovery effort toward a binding onchain Arbitrum governance proposal.
Germany weighs 2027 crypto tax overhaul as one-year holding rule under threat
Germany may overhaul its crypto tax rules from 2027, potentially curbing the country’s hallmark one-year tax-free holding rule as it tightens enforcement and seeks extra revenue.
Panther Protocol deploys privacy infrastructure on Polygon
After years of research, engineering, and community collaboration, Panther Protocol Foundation announced that Panther Protocol is now live on Polygon.
Planet Fitness (PLNT) Shares Crater 33% Following Disappointing 2026 Forecast Revision
Planet Fitness (PLNT) shares plunged 33% after cutting 2026 earnings guidance and canceling Black Card price hikes despite strong Q1 results. The post Planet Fitness (PLNT) Shares Crater 33% Following Disappointing 2026 Forecast Revision appeared first on Blockonomi.
Kalshi Secures $1 Billion in Funding as Prediction Markets Explode on Wall Street
Kalshi raised $1B at $22B valuation with backing from Coatue, Sequoia, and a16z. Platform hit $178B annualized volume but faces state legal challenges. The post Kalshi Secures $1 Billion in Funding as Prediction Markets Explode on Wall Street appeared first on Blockonomi.
Berkshire Hathaway (BRK.B) Stock: New Insider Purchase Signals Confidence Despite Market Underperformance
Berkshire Hathaway (BRK.B) stock sees insider buying from new general counsel despite underperforming the S&P 500. Analysts maintain Hold rating. The post Berkshire Hathaway (BRK.B) Stock: New Insider Purchase Signals Confidence Despite Market Underperformance appeared first on Blockonomi.
Warren Buffett Indicator Hits 230%: Is the Famous Market Bubble Signal Broken?
TLDR: The Buffett Indicator hit 230%, its highest level ever, sparking widespread bubble concerns across markets. US firms now earn up to 67% of revenue abroad, but GDP only tracks domestic output, skewing the ratio. The Fed’s balance sheet surpassed $9 trillion through QE, inflating stock prices without lifting GDP equally. Since crossing 100% in [...] The post Warren Buffett Indicator Hits 230%: Is the Famous Market Bubble Signal Broken? appeared first on Blockonomi.
Bitcoin (BTC) Bottom Isn’t Confirmed Until This Key Level Breaks
Bitcoin remains below major realized price levels, where underwater holders may sell aggressively once it recovers closer to break-even.
Hashed Open Finance Launch Testnet of Maroo, First Sovereign L1 Blockchain for KRW Stablecoins and AI Agents
[PRESS RELEASE – SEOUL, South Korea, May 7th, 2026] Korea’s first won-denominated public blockchain goes live with built-in regulatory compliance and native AI agent identity, integrating with Model Context Protocol (MCP), Claude skills, Gemini CLI, and Cursor. The underlying technology already powers BDAN Pocket, a digital wallet used by 4 million citizens of Busan. Hashed […]
Genius Group closes $8M offering to buy stake in Bermuda digital bank
Genius Group raises $8M to invest in Bermuda's digital banking via a 9.9% stake in Jewel Financial, aiming at stablecoin banking growth. The post Genius Group closes $8M offering to buy stake in Bermuda digital bank appeared first on Crypto Briefing.
Pi Network consolidates around $0.18 as market weighs long-term narrative against near-term drift
Across major aggregators, Pi Network (PI) is quoted today at roughly $0.179 per PI, with 24‑hour trading volume near $28–35 million. One representative feed has PI at $0.1782 and down about 2–3% on the day, placing it in the mid‑cap range with…
Telegram Wallet Nears 1 Billion User Milestone After Major Integration With TON
Wallet in Telegram is set to achieve a major milestone in its user activity as its integration with TON spurs greater adoption across the space.
SoFi (SOFI) Stock Plummets 10% as Crypto Division Reveals Paper-Thin Profit Margins
SoFi (SOFI) stock declined 10% after Q1 earnings revealed its crypto unit generated only $852K in net revenue from $121.6M in transactions. The post SoFi (SOFI) Stock Plummets 10% as Crypto Division Reveals Paper-Thin Profit Margins appeared first on Blockonomi.
Best Platforms for Borrowing Against ETH in 2026
Ethereum holders often face the same dilemma during market cycles: they need liquidity, but selling ETH may trigger taxes, reduce long-term exposure, or force exits during unfavorable conditions. That demand has pushed ETH-backed loans and crypto credit lines into the mainstream. Instead of liquidating holdings, users can borrow stablecoins or fiat while keeping their Ethereum [...] The post Best Platforms for Borrowing Against ETH in 2026 appeared first on Blockonomi.
Papa John’s (PZZA) Stock Plummets Nearly 5% Following Disappointing Q1 Results
Papa John's (PZZA) stock dropped 4.7% after missing Q1 earnings estimates. Revenue declined 7.7% as inflation-weary consumers pulled back on spending. The post Papa John’s (PZZA) Stock Plummets Nearly 5% Following Disappointing Q1 Results appeared first on Blockonomi.
Rheinmetall (RHMG) Stock Dips 2% Despite Record €73 Billion Order Backlog
Rheinmetall (RHMG) shares dropped 2% after missing Q1 estimates with €1.94B revenue, but its record €73B backlog points to strong growth ahead. The post Rheinmetall (RHMG) Stock Dips 2% Despite Record €73 Billion Order Backlog appeared first on Blockonomi.
21shares Launches First US Canton Network ETF on Nasdaq
21shares launched the 21shares Canton Network ETF on Nasdaq, giving U.S. investors regulated exposure to Canton Coin through a traditional investment vehicle. The product marks the first U.S. ETF designed to provide direct access to the Canton Network ecosystem. 21shares Brings Canton Network Exposure to US ETF Investors 21shares announced on May 7 the launch […]
Gold Surges Past $4,700 as US-Iran Diplomatic Breakthrough Fuels Rally
Gold surges past $4,700 as US-Iran peace talks advance, oil prices decline, and dollar weakens, creating favorable conditions for precious metals rally. The post Gold Surges Past $4,700 as US-Iran Diplomatic Breakthrough Fuels Rally appeared first on Blockonomi.
Prediction Market Platform Kalshi Reaches $22B Valuation With $1B Fundraise
Kalshi raises $1B at $22B valuation as institutional trading surges 800%. Platform dominates US prediction markets amid rapid expansion. The post Prediction Market Platform Kalshi Reaches $22B Valuation With $1B Fundraise appeared first on Blockonomi.
Maersk (MAERSK) Stock Tumbles 7.5% Despite Beating Q1 Estimates Amid Iran Conflict Concerns
Maersk (MAERSK) stock plunged 7.5% despite beating Q1 forecasts as Iran war drives up costs while Asia-Europe freight rates collapse, threatening margins. The post Maersk (MAERSK) Stock Tumbles 7.5% Despite Beating Q1 Estimates Amid Iran Conflict Concerns appeared first on Blockonomi.
Gate rolls out localized fiat on-ramps in CIS, chasing ~$650M in daily volume
Gate has rolled out localized fiat on‑ramps for selected CIS countries, letting users fund Gate accounts in domestic currencies and move into mainstream crypto without cross‑border friction. Gate’s CIS-focused fiat channel allows users to fund their accounts in local currency…
Albemarle (ALB) Stock Surges 11% as Q1 Earnings Crush Expectations Amid Lithium Price Rebound
Albemarle (ALB) stock surges 11% after crushing Q1 earnings estimates with $2.95 EPS. Revenue climbs 33% as lithium prices rebound strongly. The post Albemarle (ALB) Stock Surges 11% as Q1 Earnings Crush Expectations Amid Lithium Price Rebound appeared first on Blockonomi.
Tether launches on-device medical AI that outperforms Google’s models in benchmark tests
Tether's AI models could revolutionize healthcare by enhancing data privacy, reducing costs, and enabling efficient on-device medical reasoning. The post Tether launches on-device medical AI that outperforms Google’s models in benchmark tests appeared first on Crypto Briefing.
XRP 'probably going to $12' as price holds historical bottom zone for months
XRP is retesting a key multi-year support zone that has historically preceded major rebounds, with analysts predicting a rally toward $12 if the level holds.
Polygon reduces block time to 1.75 seconds as payments push accelerates
Polygon delivered its first block time reduction upgrade since genesis, as the network seeks to position for more high-frequency applications such as private stablecoin payments.
Kraken parent Payward to buy Reap in $600M stablecoin payments push
Kraken parent Payward agreed to buy Hong Kong-based Reap for up to $600 million, adding card issuance and stablecoin payment capabilities to its new B2B platform.
Datadog (DDOG) Stock Soars 28% After Crossing $1 Billion Revenue Milestone in Q1
Datadog (DDOG) stock surged 28% after Q1 revenue exceeded $1B, fueled by AI product expansion, robust cash generation, and upgraded full-year guidance. The post Datadog (DDOG) Stock Soars 28% After Crossing $1 Billion Revenue Milestone in Q1 appeared first on Blockonomi.
Shake Shack (SHAK) Stock Plunges Nearly 30% Following Disappointing First Quarter Results
Shake Shack (SHAK) shares collapsed nearly 30% after reporting Q1 2026 results that missed estimates, with negative operating margins and no guidance. The post Shake Shack (SHAK) Stock Plunges Nearly 30% Following Disappointing First Quarter Results appeared first on Blockonomi.
Bitwise Enters Tokenized Fund Market With $278M USCC Takeover
Bitwise is entering tokenized funds by taking over USCC, a $277.8 million crypto carry fund that will keep its ticker, smart contracts, and token address. The move gives Bitwise its first tokenized fund while Superstate continues supporting the onchain infrastructure. Bitwise Enters Tokenized Funds With USCC Management Shift Bitwise Asset Management announced May 7 that […]
Neither dead nor triumphant
The InfoFi segment saw a dizzying ascent, accusations of spam and a clampdown from social network X. Projects that promised to monetise information hit a crisis, and their tokens plunged. Yet the narrative of InfoFi’s “death” may be premature. ForkLog examines what actually happened to the segment and in what form it may return. From a niche idea to a standalone category InfoFi is an approach that turns information into a tradable financial asset. Blockchains ensure transparency of data provenance, and tokenisation gives it a market price. Unlike in traditional finance, where information merely informs decisions, here the signal itself becomes the asset: one can tokenise social engagement, analytical reports, prediction outcomes and even an author’s reputation. The logic is simple: crypto markets move on narratives, research and timing, but most of the revenue from these flows has traditionally accrued to platforms, insider chats, exchanges and big accounts with distribution. InfoFi was conceived as a mechanism for redistribution: the reward goes to those who generate useful signals, not those who simply own them. The Kaito team set out an even starker thesis: attention is a scarce resource that is currently allocated by opaque algorithms. Make it measurable and tradable, and capital will flow to quality content automatically. What the sector is made of In its mature form, InfoFi rests on several building blocks. First, tokenised data: engagement, authors’ reputations and the results of their forecasts are stored on-chain and can move across protocols. Second, prediction markets, which serve as pricing oracles for real-world events. Third, AI agents that aggregate disparate signals into structured indices. It is this “data + market + artificial intelligence” triad that sets InfoFi apart from classic social tokens and paywalled subscriptions. Information ceases to be a by-product and becomes a primary asset with an intelligible demand curve. Clash with X In January, X updated its rules and banned apps that pay users for posts, mentions or other activity on the platform. Kaito, Cookie DAO, Loudio and several other services building Post-to-Earn models on top of X were caught up in the change. The formal trigger was a post by X’s head of product, Nikita Bier. He argued that financial incentives for posting distort the feed and clog the platform with low-quality content. After his statement, the accounts of key InfoFi projects were restricted, and integrations via API were revoked. We are revising our developer API policies: We will no longer allow apps that reward users for posting on X (aka “infofi”). This has led to a tremendous amount of AI slop & reply spam on the platform.We have revoked API access from these apps, so your X experience should…— Nikita Bier (@nikitabier) January 15, 2026 The community’s reaction was unexpectedly measured. Some authors accepted the criticism: gamifying attention did spawn a wave of templated threads and cookie-cutter “analysis” posts. Others noted that low-quality content pre-dates InfoFi — YouTube, TikTok and Instagram reached clickbait without any crypto incentives. Platforms design behaviour with reward economics and then feign surprise at the outcome. The upshot was that X closed a period when influence on the social network could be earned in a measurable and transparent — if imperfect — way. For InfoFi projects, it underlined a simple point: relying on a single centralised platform is a strategically fragile model. January’s token slump The consequences showed up in prices. In January, key sector tokens lost about 20% in short order. KAITO, COOKIE, DAO Maker and related assets fell in tandem as the market repriced the risks of dependence on X’s infrastructure. Analysts dubbed it a moment of innovate or die. Investors began to separate teams capable of building autonomous value around information curation from those whose product rested entirely on one social network’s API. Projects with diversified data sources — Farcaster, on-chain activity, prediction markets — suffered less. Notably, by spring KAITO had partly recovered and trades around $0.5, while DAO Maker posted weekly gains north of 35% at times. The sector was not “wiped out” — it went through a painful but predictable compression. Why talk of InfoFi’s demise is premature “InfoFi is dead” makes for a punchy line but a poor description of reality. The underlying problem remains: crypto still moves on narratives, and the value of information still accrues to platforms and insiders rather than to those who produce it. The idea is not changing — the implementation is. The first wave of InfoFi was experimental and often amounted to the “financialisation of tweets”. The second wave focuses on more fundamental tasks: source verification, on-chain reputation, AI-led data aggregation and integration with prediction markets. The hype recedes; the applied layer remains. Prediction markets are instructive. In early 2026, Polymarket, Kalshi and similar venues effectively turned into rapid financial data feeds — contract prices reflect events before traditional media can publish. Analysts describe this as forecasting platforms becoming a “truth machine” for macroeconomics, politics and corporate events. This is no longer about getting paid for posts, but about an infrastructure layer plugged into hedge funds, media and algorithmic traders. Formally, such venues are part of InfoFi, but their business model does not depend on X’s favour. Where the segment is heading InfoFi’s current state can be summed up in three processes. Decoupling from centralised social networks. Teams are migrating to Farcaster, Lens and their own on-chain infrastructure. Farcaster’s protocol model is a natural refuge — there is no single owner who can switch a project off with one post. A shift from quantity to quality. mindshare and Yap-to-Earn give way to systems where reputation accrues over years and is validated by forecasting results, not posting volume. AI agents help filter bots and templated content. Consolidation around a few working paths: prediction markets as a data source, on-chain analytics with tokenised reputation, and AI sentiment indices for DeFi strategies. The rest either integrates into these three or exits. What this means for participants For authors and analysts, InfoFi remains a way to monetise signals directly — but not through quick payouts for activity. Durable income now demands a verifiable track record. For investors, this is a high-dispersion sector: winners and losers are determined by a team’s ability to operate irrespective of any single platform’s policy. KAITO remains a benchmark, but no longer the only bet. For the industry, InfoFi has been a useful lesson in platform risk. A decentralised economy built atop a centralised API is, by definition, vulnerable — a conclusion that reaches well beyond information finance and applies to any Web3 product reliant on Web2 infrastructure. InfoFi has neither vanished nor triumphed. The sector has moved from loud experiments to slow engineering — and that is where its true shape is being forged.
Fastly (FSLY) Stock Plummets 37% Despite Beating Q1 Earnings Expectations
Fastly (FSLY) stock crashed 37% following Q1 results. While earnings beat estimates, AI-driven security revenue growth disappointed high expectations. The post Fastly (FSLY) Stock Plummets 37% Despite Beating Q1 Earnings Expectations appeared first on Blockonomi.
Coinbase and AWS bring USDC payments to enterprise AI agents
AWS incorporates Coinbase's x402, enabling crypto micropayments via AI on the Bedrock AgentCore, streamlining autonomous stability. The post Coinbase and AWS bring USDC payments to enterprise AI agents appeared first on Crypto Briefing.
BNY Mellon lifts Strategy stake to 1 million shares worth $187.2 million
BNY Mellon has increased its holdings in Strategy (MSTR) to 1 million shares worth about $187.2 million, deepening its use of the Bitcoin treasury company as a proxy for BTC exposure without holding coins directly. The Bank of New York…
Here’s How Ethereum’s Futures And Spot Market On Crypto Exchanges Are Performing
Ethereum has picked up pace following the broader market recovery, with its price surging above the $2,400 mark once again. However, a crucial divergence is developing in the Ethereum market as futures and spot activity on key cryptocurrency exchanges start to move in different directions. Ethereum’s Futures And Spot Markets Diverge CW, a data analyst […]
Rackspace Technology (RXT) Stock Rockets 75% on Strong Q1 Results and AMD AI Deal
Rackspace Technology (RXT) stock soared 75% after beating Q1 revenue estimates, posting positive net income, and announcing an AMD Enterprise AI partnership. The post Rackspace Technology (RXT) Stock Rockets 75% on Strong Q1 Results and AMD AI Deal appeared first on Blockonomi.
DraftKings And Bet365 Wrote The Online Gambling Playbook. ZunaBet Is Writing A New One.
Every industry has a playbook — the set of approaches that the dominant players established, that new entrants copied, and that became the standard against which everything was measured. Online gambling’s playbook was written primarily by two platforms. DraftKings wrote the chapter on how a US sports betting platform should operate — licensed state by [...] The post DraftKings And Bet365 Wrote The Online Gambling Playbook. ZunaBet Is Writing A New One. appeared first on Blockonomi.
XRP "Slept Through" the Historic Ripple, JPMorgan, and Mastercard Breakthrough as Another Token Steals the Price Hype
XRP missed the rally as ONDO surged 29% on the JPMorgan pilot; Santiment proves why the breakthrough didn't benefit the price despite the record settlement.
Elon Musk opens xAI data centers to Anthropic in surprise AI deal
Anthropic has struck an unexpected deal with Elon Musk-owned SpaceX to expand computing capacity for its Claude AI models. The agreement gives Anthropic access to 300 megawatts of new compute power from SpaceX’s Colossus 1 data center in Memphis, Tennessee,…
Anthropic Empowers Claude with ‘Dreaming’ for Self-Learning
Anthropic has updated its platform for managing agents. The Claude service now features 'dreaming', outcome evaluation, and orchestration of multiple bots. Dreaming enables agents to analyze past sessions and identify patterns in their operations. The system detects recurring errors and successful scenarios, updating algorithms based on these insights without human intervention. Users can set the AI's memory to update automatically or approve changes manually. Developers have also introduced Outcomes and Webhooks tools. Application creators can now set quality criteria for agent performance. A separate 'evaluator' checks results against these standards independently of the main task execution process. If the outcome does not meet the standard, the agent proceeds to correct errors. According to Anthropic, Outcomes has increased the efficiency of complex task execution by 10%. The quality of document generation in .docx and .pptx formats has improved by an average of 9%. The third update involves the orchestration of multiple agents. A 'lead' AI can delegate subtasks to specialized agents: one analyzes code deployment history, another reviews error logs, and a third handles support tickets. They all work concurrently on a shared set of files. Harvey and Netflix Test Updates The new features are already being tested by the company's partners. The Harvey platform uses Dreaming for preparing legal documents, increasing task completion speed sixfold. The Netflix team has employed the multi-agent system for analyzing application build logs. The Dreaming feature is available in preview mode upon request. Outcomes and multi-agent orchestration have entered public beta testing. Back in May, Anthropic co-founder Jack Clark predicted the emergence of 'self-developing AI' by 2028.
Kraken Acquires Reap Technologies for $600M to Boost Asia Presence
Kraken parent Payward acquires Reap Technologies for $600M, advancing stablecoin payment infrastructure and Asian market expansion strategy. The post Kraken Acquires Reap Technologies for $600M to Boost Asia Presence appeared first on Blockonomi.
TrustedVolumes confirms $6.7 million exploit, seeks “constructive” talks with hacker
TrustedVolumes has confirmed it was hacked for roughly $6.7 million and says it is willing to negotiate a bounty and “mutually acceptable solution” with the attacker. In a post on X, the 1inch‑linked liquidity provider said the stolen funds are…
Core Scientific posts $347M loss as AI hosting overtakes Bitcoin mining
Core Scientific mined 279 BTC in the quarter, down 45% from a year earlier, while its colocation business became its top revenue source.
South Korea confirms 22% crypto tax starting January 2027: Report
South Korea’s Finance Ministry has reportedly confirmed for the first time that a 22% tax on crypto gains will proceed as scheduled in January 2027.
Bitcoin stalls at 200-day average, rekindling fears of a “false breakout”
Bitcoin failed to clear its 200‑day simple moving average near $83,300 and slipped back under $81,000, reviving comparisons with the March 2022 breakout that quickly reversed into a deep selloff. Bitcoin’s latest rally hit a wall just below its 200‑day…
The Alchemy Chain Mainnet is Live
This sponsored press release was provided by Alchemy Pay and was not written by Bitcoin.com News. Bitcoin.com News does not necessarily endorse the statements made within this announcement. PRESS RELEASE. Alchemy Pay today announced the launch of the Alchemy Chain mainnet, marking a major milestone in its evolution toward building a globally compliant stablecoin payment […]
DOJ, CFTC Probe $2.6B Oil Trades Before Trump and Iran Statements: Report
Federal investigators are examining oil futures trades totaling more than $2.6 billion. The Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC) are probing large bets placed before Iran-related announcements from President Donald Trump and Iranian Foreign Minister Abbas Araghchi. DOJ and CFTC Probe Oil Futures Bets Before Iran Updates The Department of Justice […]
Critical Litecoin Update Released After Zero-Day Exploit Incident
Litecoin's latest update strengthens MWEB and fixes key network issues.
ANTPOOL, Block Inc, F2Pool, Foundry, Spiderpool, MARA Foundation & DMND Join Stratum v2 Working Group
Bitcoin Magazine ANTPOOL, Block Inc, F2Pool, Foundry, Spiderpool, MARA Foundation & DMND Join Stratum v2 Working Group Stratum v2 Working Group announces new cohort of members, including ANTPOOL, Foundry, and others. This post ANTPOOL, Block Inc, F2Pool, Foundry, Spiderpool, MARA Foundation & DMND Join Stratum v2 Working Group first appeared on Bitcoin Magazine and is written by Shinobi.
Ethereum Nears Critical Breakout Point as Analyst Eyes $1.6K or $4.8K Move
A sustained move above realized price could shift market behavior by returning a large portion of holders to profit.
Microsoft faces clean energy challenge as AI infrastructure spending climbs
Microsoft is reconsidering one of its biggest climate commitments as spending on artificial intelligence infrastructure continues to surge. According to a Bloomberg report citing people familiar with the matter, the company is debating whether to delay or drop its “100/100/0”…
Kalshi closes $1 billion raise at $22 billion valuation as Wall Street piles in
Kalshi's growth signals a mainstream shift in prediction markets, enhancing institutional hedging strategies and market forecasting capabilities. The post Kalshi closes $1 billion raise at $22 billion valuation as Wall Street piles in appeared first on Crypto Briefing.
Joe Lonsdale: Religious persecution in Nigeria is a critical global issue, Iran’s destabilizing influence on Lebanon, and the US is poised for a nuclear energy resurgence | Shawn Ryan Show
Religious tensions in Nigeria highlight the global impact of extremist groups and geopolitical instability. The post Joe Lonsdale: Religious persecution in Nigeria is a critical global issue, Iran’s destabilizing influence on Lebanon, and the US is poised for a nuclear energy resurgence | Shawn Ryan Show appeared first on Crypto Briefing.
DTCC Targets High-Performance L1 Blockchains for Tokenization: Scalability Challenges Ahead
DTCC Targets High-Performance for Tokenization: Scalability Challenges Ahead Big news from the world of finance and blockchain. The Depository Trust & Clearing Corporation (DTCC), a key player in global markets, is teaming up with top to power its new tokenization […] The post DTCC Targets High-Performance L1 Blockchains for Tokenization: Scalability Challenges Ahead appeared first on Blockmanity.
Tokenised US Treasuries on Ethereum hit a record $8bn
The market for tokenised US Treasuries on Ethereum has hit a new all-time high. The segment’s market capitalisation reached $8bn, according to Token Terminal. The market cap of tokenized U.S. Treasuries on @ethereum is at an ATH of ~$8 billion, up ~100% over the past six months.Key drivers of growth: BUIDL (Securitize), JTRSY (Centrifuge), iBENJI (Franklin Templeton), WTGXX (WisdomTree), USDY (Ondo Finance), and USTB (Superstate). pic.twitter.com/WNE56wSyhE— Token Terminal 📊 (@tokenterminal) May 5, 2026 The tally has doubled over the past six months. Key drivers include: BUIDL (Securitize); JTRSY (Centrifuge); BENJI (Franklin Templeton); WTGXX (WisdomTree); USDY (Ondo Finance); USTB (Superstate). Treasuries remain among the most sought-after asset classes in the segment. US government bonds are widely regarded as the world’s most stable and liquid investment instrument. Tokenisation via XRP Ledger JPMorgan and Mastercard carried out the first cross-border redemption of a tokenised Treasuries fund via the Ripple blockchain. As part of the pilot, Ondo Finance settled an OUSG transaction on the XRP Ledger. Mastercard’s Multi-Token Network sent instructions to JPMorgan Kinexys, and dollars were credited to Ripple’s account in Singapore. Ondo called it the first instance of a public blockchain and global banking infrastructure settling a tokenised fund together in real time. Thrilled to work with the teams at JP Morgan, Ripple, and Mastercard on this. This is how crypto and tradfi rails come together: the first time tokenized tbills are settled cross border and banks, near real time. Go in real time from tokenized tbills in bank in country 1 —>… https://t.co/hyuzJ4E9Me— Ben Grossman (@ben_grossman) May 6, 2026 The pilot extends experiments that JPMorgan and Ondo began in May 2025, when they tested moving tokenised bonds across public networks. Still early days According to analysts at Pantera Capital, the market for tokenised assets remains a long way from a fully fledged on-chain financial system. Even so, the segment’s capitalisation has reached $31.1bn. Source: RWA.xyz. The fund assessed 524 digitised assets across 11 categories using its Tokenization Progress Index (TPI), which rates project maturity on a 1–5 scale. The market average was just 2.04. Pantera estimates: around 77.6% of assets are still wrappers atop traditional infrastructure; 11.1% use a hybrid model; only 2.7% can be deemed truly native on-chain instruments. Analysts likened the industry’s state to the early internet — “a newspaper on a website” — when new technologies replicate old models rather than create new formats. Pantera argues that most issuers still port traditional financial products to blockchains without tapping core advantages: programmability, composability, instant settlement and automated asset management. The sticking points Experts highlighted the main challenges facing the RWA segment: dependence on custodians and centralised intermediaries; limited issuance and redemption mechanisms; weak integration with DeFi; low process automation. According to the report, 91.1% of assets still use closed issuance and redemption models. Only 13 projects have achieved near-fully autonomous mint-and-burn mechanics. Only 10.6% of assets have meaningful DeFi composability. The exception remains stablecoins. Pantera called “stable coins” the only segment that has already achieved large-scale real utility in the on-chain economy. Growth nonetheless Growth continues to accelerate. In 2025, 168 new tokenised assets launched — up from 78 a year earlier. The total market size jumped from roughly $200bn to $320bn. Source: Pantera. Stablecoins remain the key segment. Tokenised US Treasuries are also growing quickly alongside them. But Pantera stressed that true maturity will come only when such assets stop being digital facsimiles and fully exploit the advantages of blockchain. Kraken’s view A similar assessment came from Kraken co-CEO Arjun Sethi in a conversation with The Block. He said tokenised equities are unlikely to change how large US financial institutions operate overnight. He noted that the exchange’s xStocks product has processed roughly $5bn in transactions since its launch in June 2025. Sethi called RWA the next stage of crypto-market development after bitcoin, altcoins and stablecoins. But he warned that even clearer regulation in the United States will not trigger instant mass adoption by banks, brokers and other players. “I don’t think this will open the floodgates the way many expect. Brokers, banks and institutions will not change their collateral systems in a day,” he said. Sethi added that demand for tokenised equities is currently strongest among fintech companies outside the US — in Mexico, Brazil, and countries in Africa and South-East Asia. Broad adoption of such instruments is five to ten years away, he reckons. In May, Ethereum co-founder Joseph Lubin predicted a full shift of the global economy on-chain.
Unity Software (U) Stock Surges 6% on Strong Q1 Revenue Performance and Improved Margin Outlook
Unity (U) stock surged 6.4% after Q1 revenue of $508.2M topped estimates. Strategic revenue jumped 35% YoY while EBITDA margins expanded to 27%. The post Unity Software (U) Stock Surges 6% on Strong Q1 Revenue Performance and Improved Margin Outlook appeared first on Blockonomi.
Peloton (PTON) Stock Jumps 4% Following Strong Q3 Revenue and Upgraded Outlook
Peloton (PTON) stock jumped 4% after Q3 revenue of $631M topped estimates. EBITDA rose 41% and the company raised its full-year guidance targets. The post Peloton (PTON) Stock Jumps 4% Following Strong Q3 Revenue and Upgraded Outlook appeared first on Blockonomi.
Roche Holding AG (RHHBY) Stock Climbs on $750M PathAI Deal to Advance AI-Driven Cancer Diagnostics
Roche (RHHBY) stock rises 1.55% following announcement of PathAI acquisition for $750M, enhancing AI-powered cancer diagnostics and digital pathology capabilities. The post Roche Holding AG (RHHBY) Stock Climbs on $750M PathAI Deal to Advance AI-Driven Cancer Diagnostics appeared first on Blockonomi.
Eric Trump’s Bitcoin miner holds over 7,300 BTC after record quarterly production
ABTC's growing Bitcoin reserves amid market challenges highlight the strategic resilience and potential influence of corporate crypto holdings. The post Eric Trump’s Bitcoin miner holds over 7,300 BTC after record quarterly production appeared first on Crypto Briefing.
Basel III Risk Cuts Could Ignite Bitcoin Liquidity Boom, Top Analysts Predict
What If Banks Could Finally Dive Deep into Bitcoin? Imagine a world where big banks pour cash into Bitcoin without jumping through endless hoops. That’s the exciting possibility on the horizon. rules, which set how much capital banks must hold […] The post Basel III Risk Cuts Could Ignite Bitcoin Liquidity Boom, Top Analysts Predict appeared first on Blockmanity.
GE Aerospace (GE) Stock Down 23%: Why Wall Street Sees a Golden Entry Point
GE Aerospace (GE) stock tumbled 23% after cutting air travel growth forecasts, but strong Q1 margins and a massive backlog have analysts bullish. The post GE Aerospace (GE) Stock Down 23%: Why Wall Street Sees a Golden Entry Point appeared first on Blockonomi.
ZachXBT accuses LAB founder of CEX manipulation that “harms retail investors”
On-chain sleuth ZachXBT has accused the founder of LAB of running centralized exchange manipulation schemes that he says “harm retail investors,” after a private warning DM was read and ignored ZachXBT alleged in a new post on X that the…
Strategy Selling Bitcoin ‘Isn’t A Bad Thing,’ Samson Mow Says
Samson Mow has pushed back against the idea that Strategy selling Bitcoin would necessarily undermine its treasury thesis, arguing that Bitcoin treasury companies need flexibility to protect shareholders and manage public-market pressure. In a May 7 post on X, Mow said the debate around corporate Bitcoin treasuries has become too rigid. While many Bitcoin holders […]
Tony Robbins Reveals His Bold AI Investment Strategy: From Power Plants to Anthropic
Tony Robbins discusses his AI investment approach: converting a coal plant to support data centers, agtech ventures, and why he believes in Anthropic's future. The post Tony Robbins Reveals His Bold AI Investment Strategy: From Power Plants to Anthropic appeared first on Blockonomi.
Record 1.26% of XRP Supply Now Unavailable Due to ETF Rally, Testing the $1.50 'Glass Ceiling'
XRP supply hits record illiquidity as 1.26% of supply migrates to ETFs, creating a $1.1 billion institutional floor beneath the 75-day price deadlock.
Stock Futures Gain as Iran Diplomacy Advances and Crude Oil Retreats
U.S. stock futures rise Thursday as Iran peace negotiations progress, oil prices fall below $100 per barrel, and strong earnings push markets near records. The post Stock Futures Gain as Iran Diplomacy Advances and Crude Oil Retreats appeared first on Blockonomi.
Bitcoin analysts say this level must break for BTC price to confirm bottom
A slowdown in profit-taking and reclaiming $88,000 as support are prerequisites for BTC to confirm cycle bottom.
VanEck’s Sigel sees Bitcoin reaching $1M within five years
VanEck’s Matthew Sigel says Bitcoin may reach $1 million in five years, comparing adoption trends to the video game industry’s shift to mainstream use.
Himax Technologies (HIMX) Stock Soars 28% on Robust Q1 Results and Optimistic Q2 Forecast
Himax Technologies (HIMX) stock jumped 28% after exceeding Q1 earnings expectations and boosting Q2 outlook with automotive and AI growth drivers. The post Himax Technologies (HIMX) Stock Soars 28% on Robust Q1 Results and Optimistic Q2 Forecast appeared first on Blockonomi.
Here’s why Toncoin price rallied over 100% this week
Toncoin price went parabolic this week, surging more than 100% after Telegram founder Pavel Durov announced a major strategic overhaul that places Telegram directly at the center of The Open Network ecosystem. According to data from crypto.news, Toncoin (TON) climbed…
Datadog (DDOG) Stock Rockets 22% on Stellar Q1 Results and Federal Contract Access
Datadog (DDOG) shares surge 22% after Q1 EPS of $0.60 crushes estimates, revenue reaches $1B, and FedRAMP certification opens federal opportunities. The post Datadog (DDOG) Stock Rockets 22% on Stellar Q1 Results and Federal Contract Access appeared first on Blockonomi.
Apple (AAPL) Stock Reaches All-Time High Before Critical WWDC Event in June
Apple (AAPL) stock hits all-time high of $287.51. Analysts raise targets to $330-$350 ahead of June 8 WWDC focused on AI advancements. The post Apple (AAPL) Stock Reaches All-Time High Before Critical WWDC Event in June appeared first on Blockonomi.
KuCoin Web3 Wallet Partners with 1inch to Enable Fee-Free Token Swaps and Enhanced DeFi Features
KuCoin Web3 Wallet partners with 1inch to deliver fee-free swaps, superior liquidity, MEV protection, and enhanced RWA trading for decentralized users. The post KuCoin Web3 Wallet Partners with 1inch to Enable Fee-Free Token Swaps and Enhanced DeFi Features appeared first on Blockonomi.
Fed’s Collins pushes back on cut talk, wants “either way” guidance
Boston Fed President Susan Collins backed holding rates steady and urged the Fed to strip out language that implicitly points to cuts as the next move, reinforcing a higher‑for‑longer stance that has repeatedly whipsawed crypto when markets price in dovish…
‘Fully Invested’: Bollinger Bands Creator Officially Calls a New Bitcoin Bull Market
John Bollinger, inventor of the Bollinger Bands and founder of Bollinger Capital Management, one of the better-regarded trading indicators, believes the bear market affecting the crypto industry is finally subsiding, stating that his trend model had turned positive for bitcoin. Bollinger Bands Inventor Signals Start of New Bull Market While the crypto industry has faced […]
CryptoQuant Labels Bitcoin Bottom Predictions as “Just Theory”
Bitcoin has yet to reach a local minimum, as the price must navigate several resistance zones with a high concentration of loss-making positions. This assessment was provided by a CryptoQuant contributor known as IT Tech. "The bottom is in." Everyone's saying it“For the bottom to be confirmed, price needs to clear 88.88K and hold — not wick through, not retest and fail. That puts the most recent cohort back in profit and removes the first layer of sell pressure.” – By @IT_Tech_PL pic.twitter.com/woRJLa6UTs— CryptoQuant.com (@cryptoquant_com) May 7, 2026 The analyst identified three groups of long-term holders who purchased cryptocurrency at local peaks: investors (3-6 months): average purchase price — $88,888; 12-18 months: $93,450; 6-12 months: $111,850. These levels act as barriers to growth. When quotes approach the entry price, market participants aim to close deals without loss, creating selling pressure. IT Tech considers the $88,880 level crucial. Holding above this mark would return recent buyers to profit and significantly reduce market pressure. As long as Bitcoin trades below this threshold, any rise into the $85,000-88,000 range is viewed by the analyst as a temporary rebound. In his view, discussions of a bottom remain theoretical, as data does not support them. Bitcoin Rises to $85,200 Analysts at Glassnode noted that the first cryptocurrency's quotes have surpassed the True Market Mean ($78,200) and the average purchase price of short-term holders ($79,100). If the price holds at these levels, the period of the asset being "deeply undervalued" will become one of the shortest in history. Glassnode identified $85,200 as the next growth target. Experts noted improvements in the market: profitability: the net profit and loss indicator has turned positive; ETF: recording net capital inflow for the fifth consecutive trading session, Ethereum funds have remained in the black for four days; futures: funding rates remain negative. Long-term investors have begun to show activity: they are realizing profits of about $180 million per day. This is significantly less than the peak values of the cycle ($1 billion), so the selling pressure is currently assessed as moderate. In the options market, a large "negative gamma" cluster has formed around $82,000. Upon reaching this mark, volatility may spike sharply: dealers will be forced to hedge positions, amplifying any price movement. Market Overheating Sentiment in the Bitcoin community has peaked for four months amid Bitcoin's rise above $80,000. According to Santiment, for every 1.37 positive mentions of the asset on social media, there is only one negative. 🙌 Bitcoin’s social sentiment has surged alongside its latest price rebound, with Santiment data showing a 1.37 bullish vs. 1.00 bearish commentary ratio across social media. This marks the highest level of positive crowd sentiment in roughly 4 months, signaling that traders are… pic.twitter.com/hR24lJyg5Y— Santiment Intelligence (@SantimentData) May 6, 2026 Traders have ceased to fear macroeconomic factors and geopolitics. Fear has been replaced by expectations of further growth. Analysts reminded that historically, quotes often move contrary to the majority's expectations. When the market is dominated by FOMO, the risk of forming a local peak and subsequent correction increases. For comparison, in mid-April, amid the Kelp hack, pessimism dominated social media. This created conditions for a rebound — the market was cleared of "weak hands." Experts advise monitoring signs of excessive leverage and overconfidence among players — crowd unanimity often precedes a spike in volatility. Earlier, on May 5, K33 Research specialists noted: prolonged pessimism in the market creates conditions for further growth.
Seoul Temple Ordains Robot as Buddhist Monk
On May 6th, a Buddhist ceremony in Seoul saw a humanoid robot take vows and become a monk. South Korea's first humanoid robot monk made its debut at Jogye Temple in Seoul, ahead of Buddha's birthday. Gabi, the 130-centimeter-tall robot, wore a traditional grey-and-brown Buddhist robe and stood before monks as it pledged to devote itself to Buddhism pic.twitter.com/NDzDANRkhl— Reuters (@Reuters) May 6, 2026 The robot, named Gabi, stands 130 centimeters tall and is a creation of the Chinese company Unitree Robotics. During the ceremony, it was dressed in traditional grey-and-brown Buddhist attire. “We tried to choose a name that is not too difficult to pronounce or old-fashioned, and also symbolizes the spread of Buddha's compassion worldwide,” noted monk Son Won, who oversees cultural matters in the Jogye Order. “Gabi” means “compassion.” At the Jogye Temple, the robot took a vow to dedicate itself to Buddhism. It folded its hands, bowed, and answered questions from the monks, affirming its readiness to serve Buddha and his teachings. A necklace of 108 beads was placed around Gabi's neck, and a sticker was attached to its hand instead of the traditional incense burn marks. The participation of the robot was conceived as a symbolic adaptation of monastic customs for a non-human entity. Using Gemini and ChatGPT, the five Buddhist precepts were rewritten for the humanoid: respect life and do no harm; do not damage other robots or objects; obey humans and do not contradict them; refrain from deceitful statements or behavior; conserve energy and avoid recharging. Monk Son Won described the ceremony as the first step towards the coexistence of humans and machines in cultural and spiritual spaces. At the end of May, Gabi will appear at a festival alongside other robots Sokja, Mohi, and Nissa. Robotic Developments in Europe Meanwhile, French startup Genesis AI has unveiled its first AI model, GENE-26.5, and robotic arms. In a demonstration video, the robotic arms perform long sequences of complex operations: breaking eggs, slicing tomatoes, and preparing food. GENE-26.5 controls bots from various manufacturers. “We always aimed to create the best model, but soon realized the importance of controlling the hardware as well. So we decided to go full-stack,” stated co-founder and CEO of the startup, Zhou Xian. The Genesis AI hand replicates the size and shape of a human hand, allowing for more data collection for training the LLM and performing an expanded range of tasks. The company developed a special glove with sensors for data collection. It is lightweight, comfortable, and inexpensive to produce. “We are in talks with many clients. The value of the glove is that it can be worn while performing everyday tasks in a lab or pharmaceutical facility,” said Genesis AI co-founder Théophile Gervais, who previously worked as a research associate at Mistral AI. Plans include equipping a wide range of workers with video cameras for additional data collection. GENE-26.5 has been trained on “a vast amount of internet videos featuring humans.” Genesis AI raised $105 million in investments in July 2025, just months after its founding. The funding helped the startup expand its workforce and operations, with offices in Paris, California, and London. The company plans to unveil its first universal robot with a body soon. Robots: The Driving Force of China Robotics is an area where China has taken a leading position. According to a new study by Morgan Stanley, humanoid bots will drive the next phase of growth in China's manufacturing and export share. Similar to electric vehicles, which became a growth point a decade ago, investments in robotics are expected to increase the country's share of global manufacturing from 15% to 16.5% by 2030. In recent years, bots have moved from labs to the real world: they are being implemented in tech parks, factories, and universities, aided by government procurement. “China has repeatedly demonstrated its ability to identify promising growth areas in advance and plan for long-term development,” the bank's report states. As with electric vehicles, China is ramping up production capacity across the entire supply chain of humanoid robots, giving it an edge over competitors from the US, Japan, and South Korea. In April, a bot from Honor ran a half marathon in 50 minutes and 26 seconds—six minutes faster than the men's world record.
Whirlpool (WHR) Stock Plunges 20% as CFO Warns of Worst Demand Since Financial Crisis
Whirlpool (WHR) stock plunged 20% after missing Q1 estimates. CFO warns demand hasn't been this weak since the 2008 financial crisis. The post Whirlpool (WHR) Stock Plunges 20% as CFO Warns of Worst Demand Since Financial Crisis appeared first on Blockonomi.
Fortinet (FTNT) Surges 15% on Blowout Earnings — Wall Street Sees Further Upside Ahead
Fortinet (FTNT) stock soars 15% after crushing Q1 earnings expectations with strong billings growth and raised guidance. Analysts upgrade targets to $130. The post Fortinet (FTNT) Surges 15% on Blowout Earnings — Wall Street Sees Further Upside Ahead appeared first on Blockonomi.
McDonald’s (MCD) Stock Surges 3% on Strong Q1 Earnings Beat
McDonald's (MCD) stock surged 3% after Q1 earnings beat with $6.52B revenue and $2.83 EPS, though US same-store sales came in slightly below estimates. The post McDonald’s (MCD) Stock Surges 3% on Strong Q1 Earnings Beat appeared first on Blockonomi.
IonQ (IONQ) Stock Drops 6% Despite Record Q1 Earnings Beat
IonQ stock declined 6% after hours despite crushing Q1 estimates with $64.7M revenue and raising 2026 guidance to $270M. Here's what happened. The post IonQ (IONQ) Stock Drops 6% Despite Record Q1 Earnings Beat appeared first on Blockonomi.
South Korea Officially Sets January 2027 for Cryptocurrency Tax Implementation
South Korea's Finance Ministry confirms virtual asset tax launches January 2027 with 22% rate on crypto gains exceeding 2.5 million won threshold. The post South Korea Officially Sets January 2027 for Cryptocurrency Tax Implementation appeared first on Blockonomi.
US jobless claims come in at 200,000; strong labor data keeps pressure on crypto
Initial US jobless claims came in at 200,000 for the week ending May 2, beating the 205,000 consensus and reinforcing a picture of a still‑resilient labor market that keeps pressure on the Federal Reserve to delay or dilute rate cuts…