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Ethereum Whales Loses Nearly 25% Of Their Holdings Amid Market Shift
With the crypto market turning slightly bearish, the Ethereum price has lost the $2,300 mark, raising questions about the stability of its recent upswing. Amid this sideways price action, a report shows that a fading bullish sentiment among Ethereum whales is evidenced by a significant decline in th...
Bitcoinist
Fri, May 8
Barclays Turns Bearish On Coinbase Following Q1 Woes, Slashing Price Target To $107
Coinbase (COIN) opened the quarter with a rough financial showing. After the exchange reported major losses in its first-quarter earnings, Barclays responded by cutting its price target for COIN, while Bank of America trimmed its target more modestly. Two Wall Street Takes On Coinbase Barclays lower...
NewsBTC
Fri, May 8
Wild bets on aliens and Christ’s return explode as prediction markets hit madison square garden
What was once a niche corner of the internet has landed in one of America’s most famous buildings. The bets being placed there now range from disease outbreaks to the return of Jesus Christ. Kalshi, which bills itself as the world’s largest prediction market, has signed a multi-year deal with Madison Square Garden Entertainment Corp.,...
Cryptopolitan
Fri, May 8
TeraWulf’s $21 million HPC revenue surpasses bitcoin mining for first time in Q1
TeraWulf’s transition from bitcoin miner to AI infrastructure operator crossed an important milestone in the first quarter of 2026, as revenue from its high-performance computing (HPC) hosting business surpassed income generated from mining cryptocurrency for the first time. The company reported $21 million in HPC lease revenue during the quarter, compared with roughly $13 million...
Cryptopolitan
Fri, May 8
Ethereum Sees Sharp Decline In High-Leverage Long Positions — See What Happens Next
Ethereum is experiencing a notable shift in derivatives positioning as high-leverage long positions decline sharply across the market. The reduction suggests that many overly aggressive bullish trades have either been closed voluntarily or forced out through recent liquidation events. Could Ethereum...
NewsBTC
Fri, May 8
Shanghai launches blockchain trading platform as commodity index drops 4.81%
The SSE Commodity Index dropped to about 7,468 points on May 8, 2026. Compared to last year, this was over 5% less. To deal with falling prices, Shanghai is launching new initiatives. The city has introduced a blockchain platform for bulk commodity trading, aiming to boost growth and modernize trade across the Yangtze River Delta....
Cryptopolitan
Fri, May 8
Here’s How Much Ripple’s CTO XRP Holdings Would Be Worth If He Never Sold
Debates surrounding the XRP holdings of former Ripple Chief Technology Officer (CTO), David Schwartz, continue to emerge across the crypto market. New updates from an XRP researcher show just how many tokens Schwartz held and how much this would have been worth each year from 2012 to 2026 if he had ...
Bitcoinist
Fri, May 8
MegaETH launchs a token buyback program funded by yield from the USDm stablecoin
MegaETH Foundation shared on X on May 7 that it had completed its first token buyback, using all net rewards accrued from the USDm stablecoin issuer through the end of April. The foundation behind high-performance Ethereum Layer 2 blockchain MegaETH stated that the supply of USDm, its synthetic stablecoin that it created in partnership with...
Cryptopolitan
Fri, May 8
SEC Chair Atkins pushes new framework for onchain markets
The U.S. Securities and Exchange Commission may be preparing for its biggest crypto policy shift in years after Chairman Paul Atkins called for formal rulemaking aimed at decentralized finance platforms and blockchain-based trading systems. Speaking Friday at the Special Competitive Studies Project AI+ Expo in Washington, Atkins said existing securities rules were written for traditional...
Cryptopolitan
Fri, May 8
Here’s The Next Major Bitcoin Resistance To Watch Out For Before A Crash
Bitcoin’s climb back above $82,000 has led to bullish conviction among investors. However, an interesting technical analysis suggests that the rally may still be part of a corrective structure, not the start of a clean impulsive breakout. That difference is important, because the analysis show...
NewsBTC
Fri, May 8
Lagarde Says ECB Needs Tokenised Money, Not Crypto Stablecoins
ECB President Christine Lagarde has pushed back against the idea that Europe should answer dollar crypto stablecoin dominance by promoting euro-denominated stablecoins of its own, arguing instead that the region should build tokenised financial infrastructure anchored in central bank money. In a spe...
Bitcoinist
Fri, May 8
LIVE: Trump secures chip manufacturing deal for Intel with Apple, stock rallies along with govt stake
Apple and Intel have reached a preliminary chip-making agreement after more than a year of talks. Intel could make chips for some Apple devices, but the exact products are still not clear. The Trump administration’s Intel stake helped push the talks forward and is now worth $56.5 billion. Intel stock jumped 14%, while the S&P...
Cryptopolitan
Fri, May 8
Analyst Predicts Bitcoin Price Will Top $320,000 After ‘Cleanest Signal’ Emerged
The Bitcoin price has once again entered the spotlight after a market analyst argued that a major cyclical signal has already appeared, potentially setting the stage for a move toward $320,000. According to a post by @CryptoTice on X, the recent market structure suggests that Bitcoin has already com...
NewsBTC
Fri, May 8
XRP Network Sees Steep Pullback In New User Activity From Its 2024 High
XRP’s waning price performance seems to have finally influenced the network’s activity, which has seen a notable cooldown in the month of May. Just a few days into May, the network is struggling to attract new wallet addresses. After over a year, new addresses have fallen to one of their lowest leve...
Bitcoinist
Fri, May 8
Polygon price prediction 2026-2032: Will POL recover its ATH soon?
Key Takeaways: Polygon, an Ethereum side chain and layer two scaling solution, has experienced substantial uptake by enterprises and industries in the last year. Consequently, numerous analysts eagerly anticipate the future valuation of its native cryptocurrency, POL. This raises the question: Can POL’s price reach $1? This forecast for Polygon’s price examines factors such as...
Cryptopolitan
Fri, May 8
Ondo Price Forecast: ONDO extends rally, targets $0.45 breakout
Ondo (ONDO) is extending its rally above $0.4000 at the time of writing on Friday, underpinned by growing interest in the token, following news of the network launching the first-ever tokenized Treasury bill settlement.
Fxstreet
Fri, May 8
XRP Momentum Fades As Bulls Fail To Hold Breakout Zone
XRP’s latest breakout attempt appears to be losing steam as bulls struggle to maintain price action above the key resistance zone near $1.45. The rejection has pushed XRP back toward an important support area despite ongoing bullish developments surrounding Ripple and the XRPL ecosystem. Failure To ...
NewsBTC
Fri, May 8
Thai firm OBON Corp lands in US probe over Nvidia chip flows to China
Thai company OBON Corp has been named as a key intermediary in an alleged $2.5B scheme to divert restricted Nvidia AI servers through Thailand into China.
Cryptopolitan
Fri, May 8
Bybit introduces 24/7 TradFi perpetual contracts trading for dozens of U.S. stocks and global ETFs
Bybit has expanded its perpetual contracts offerings this week, adding 7 new TradiFi assets, including USDT-quoted perpetual contracts with 10x leverage. The new Bybit TradiFi perpetual contracts listings include Oracle (ORCL), Nvidia (NVDA), Circle (CRCL), Invesco (QQQ), and iShares (EWJ & EWY). Bybit now allows traders to build portfolios including AI-infrastructure and digital assets giants,...
Cryptopolitan
Fri, May 8
Polygon faces major blow as Polymarket migration odds climb
Polymarket will cease operating its leading prediction market on the Polygon network before 2026 ends, according to traders placing bets on Predict.fun.
Cryptopolitan
Fri, May 8
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