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Drift Protocol Releases Recovery Plan After $295 Million Exploit—Key Details
Drift Protocol announced on Tuesday that it has laid out a recovery plan for users affected by the April 1 exploit, an incident that resulted in a major loss of roughly $295 million in user funds on the lending decentralized exchange (DEX). Drift Protocol’s $295M Recovery Plan Drift Protocol’s plan ...Bitcoinist
Wed, May 6
Hyperliquid Price Forecast: HYPE extends bullish reversal from key support, eyes $50
Hyperliquid (HYPE) is trading above $44.00 at press time on Wednesday, extending an upward trend for the sixth straight day. The exchange token is gaining retail confidence and user interest as HYPE futures Open Interest and Total Value Locked on Hyperliquid rise.Fxstreet
Wed, May 6
The “Bitcoin Is Dead” Narrative Was Quieter This Cycle
Bitcoin has been in a downtrend in 2026. Not catastrophically, not existentially, but enough for the usual cycle to invite the familiar ritual…traders refreshing charts, headlines hunting for panic, and social feeds usually lighting up with declarations that the digital asset has “failed.” Except this time, that reaction has been far less visible within the...Cryptopolitan
Wed, May 6
Colombia’s President Petro Eyes Bitcoin Mining Push, Citing Untapped Caribbean Renewables
Colombian President Gustavo Petro expressed his eagerness to join in on the Bitcoin mining boom that’s taking place in Latin America. In an X post shared on Tuesday, Petro highlighted how Venezuela and Paraguay are examples of countries that are already drawing in mining investment through surplus clean energy and argued that Colombia’s Caribbean coast...Cryptopolitan
Wed, May 6
Spain’s Sabadell To Join Qivalis Consortium For Major Euro Stablecoin Push
Spanish bank Sabadell is the latest to join a consortium of European banks seeking to launch a euro-pegged stablecoin to make transactions more efficient and increase the dominance of Europe’s digital assets market. Related Reading: WLFI Drama Escalates: World Liberty Sues Justin Sun Over ‘Reckless’...Bitcoinist
Wed, May 6
$150M Crypto Ponzi Crumbles: $41.5M Frozen In DSJ Exchange Collapse
On-chain detective ZachXBT has shared details of the massive crypto Ponzi scheme that took over $150 million from unsuspecting victims before collapsing last week. Related Reading: Bitcoin Targets $86,000 After Key EMA Reclaim: Is The Next Rally Here? The Mechanics Behind The $150M Crypto Ponzi In a...NewsBTC
Wed, May 6
Solana Price Forecast: SOL futures flash upside potential amid positional buildup
Solana (SOL) is trading above $87.00 at press time on Wednesday, maintaining an upward trend so far this week. Retail confidence is rising, leading to increased activity in SOL futures, while steady inflows into SOL-focused Exchange Traded Funds (ETFs) reflect institutional support.
Fxstreet
Wed, May 6
Ripple CEO Warns: If CLARITY Act Markup Slips, Chances Fall ‘Precipitously’
Days after the Senate Banking Committee released its draft language for the CLARITY Act, Ripple CEO Brad Garlinghouse delivered a blunt message about the road ahead for the delayed crypto market-structure bill. Speaking Tuesday at CoinDesk’s Consensus Miami event, Garlinghouse said the next two week...NewsBTC
Wed, May 6
Moscow Exchange Adds XRP, Solana, Tron And BNB To Crypto Index Push
Moscow Exchange plans to begin calculating and publishing new crypto indices for Solana, XRP, Tron and Binance Coin from May 13, broadening Russia’s regulated market infrastructure for digital-asset-linked products. The move matters because the benchmarks could later serve as reference assets for ne...Bitcoinist
Wed, May 6
Dogecoin (DOGE) Strengthens, Traders Watch For Sustained Upside
Dogecoin started a decent increase above $0.1080 against the US Dollar. DOGE is now consolidating and might aim for an upside break above $0.1165. DOGE price started a fresh increase above $0.1120 and $0.1150. The price is trading above the $0.1120 level and the 100-hourly simple moving average. TheNewsBTC
Wed, May 6
Sabadell, Bankinter join euro stablecoin consortium taking on dollar dominance
In a Tuesday press conference, Spain’s Banco Sabadell announced that it will join Qivalis, the European banking consortium developing a regulated euro-pegged stablecoin. The release comes from outgoing CEO Cesar Gonzalez-Bueno. Bankinter is also in advanced talks to follow, alongside unlisted Spanish institutions Abanca, Kutxabank, and Cecabank. “It is primarily designed to make transactions more...Cryptopolitan
Wed, May 6
New Whales Added 150K Bitcoin During The Rally, Old Whales Barely Moved – Discover What That Split Means
Bitcoin is holding above $80,000 as the market tests key resistance and participants debate whether the recovery from the March lows has the foundation for a sustained move higher. The price has recovered 17.5% over the past month — a meaningful move that has shifted sentiment from fearful to cautio...Bitcoinist
Wed, May 6
Meme Coins Price Prediction: DOGE rallies, SHIB breaks out, Pepe holds bullish structure
Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) extend their gains this week as improving market sentiment across meme coins supports them. DOGE leads the gains after climbing above $0.115, while SHIB confirms a breakout from its consolidation range, signaling a potential rally ahead.
Fxstreet
Wed, May 6
XRP Price Regains Grip, Bulls Target Fresh Upside Extension
XRP price started a steady increase above $1.40. The price is now consolidating gains and might aim for more gains above the $1.4120 zone. XRP price started a steady increase above the $1.4080 zone. The price is now trading above $1.4040 and the 100-hourly Simple Moving Average. There is a bullish t...NewsBTC
Wed, May 6
Crypto Overview: Short squeeze crosses $300 million as Zcash and Toncoin lead altcoin rally
Bitcoin (BTC) extending gains above $81,000 at press time on Wednesday fuels a broader market recovery. Bullish sentiment is gaining strength as the excessive short-side liquidations cross $300 million over the last 24 hours.Fxstreet
Wed, May 6
Bitcoin Watch: A Daily Close Above This Key Level Could Push BTC Toward $94,000
Bitcoin (BTC) has staged a notable 21% recovery over the thirty-day timeframe, pushing the largest cryptocurrency in the market above the $81,000 level for the first time since January. Now, BTC is approaching one key resistance, which—if surpassed with a daily close—could open the door to another l...NewsBTC
Wed, May 6
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