Category: crypto

ECB chief economist Lane warns of possible interest rate hikes if inflation persists longer than expected, despite holding rates in March. Markets already anticipate up to three rate hikes this year. Lane and Lagarde emphasize the need for a forceful response to combat inflation, keeping markets cautious about declaring the end of the hiking cycle.

The PI token is showing a falling wedge chart pattern that could push the token 22% higher towards $0.200, supported by smart contract catalysts and a Kraken listing. However, a significant number of tokens are scheduled to unlock in the next 30 days, adding sell pressure that could impact the potential price increase.

The PI network is set to undergo a major upgrade with Protocol 23 launching on May 18. This upgrade will introduce smart contracts, real-world asset tokenization, and AI App Studio integration. The transition is expected to be smooth due to the use of Stellar technology. The upgrade aims to transform PI into a full ecosystem…

Goldman Sachs has filed for a Bitcoin Premium Income ETF with the SEC, aiming to generate yield from Bitcoin using a covered call strategy. The fund will not hold Bitcoin directly but gain exposure through spot Bitcoin ETFs. This move aligns with Wall Street’s shift towards structured Bitcoin income products.

U.S. equities surged with the Nasdaq climbing nearly 2% for 10 straight days of gains, led by big-cap technology stocks. The S&P 500 and Dow also closed higher. Chinese tech stocks like iQIYI and JD.com saw significant gains. Nvidia, Amazon, and Tesla also rose, indicating a rebound in growth stocks.

Chainlink upgraded its Data Streams infrastructure to provide near-real-time pricing for US stocks and ETFs 24/5, giving DeFi protocols access to equity data covering $80 trillion in global market value. The upgrade was integrated by DEXs and exchanges, positioning Chainlink as a primary oracle for tokenized equities. LINK token value relies on growing demand for…

Chicago Fed chief, Austan Goolsbee, warns that the Federal Reserve may need to keep interest rates on hold until 2027 if the Iran war continues to keep oil prices high, leading to inflation above target levels. This could delay expected rate cuts and potentially even lead to rate hikes if inflation remains elevated. Fed officials…

Coinglass data shows $1.47 billion in ETH shorts at risk if price breaks $2,451, with $1.10 billion in long liquidations possible below $2,220. Ethereum’s leverage is high, with potential for significant liquidation events on major exchanges. The network’s role in stablecoins and tokenized assets adds to market complexity.

BNB reclaimed fourth place in the global crypto market cap rankings from XRP after seven months of XRP losses and a market rally. The completion of the 34th quarterly burn removed tokens from circulation, supporting price recovery. BNB could trade between $590 and $1,100 in 2026, with potential peaks above $1,100.

A fake Ledger Live hardware wallet app on Apple’s App Store scammed $9.5 million from 50 victims in April. Victims entered their seed phrases, giving attackers control. Apple removed the app but did not explain how it passed review. Recovery is unlikely. Experts advise downloading wallet software only from the official website.