Category: crypto

Bitcoin mining operations in the US are facing a 47 percent increase in deployment costs due to tariffs on steel, aluminum, and copper, as well as existing tariffs on ASIC miners. This is pushing competitive advantage towards mining operations in Kazakhstan, Russia, and other tariff-exempt jurisdictions. This could lead to a shift in hash rate…

The price of Ethereum increased by 8% to $2,370 as Trump’s signals of potential Iran peace talks led to a risk-on rally in the crypto markets. Bitcoin also rose to $74,900. Ethereum is trading below its all-time high. Analysts project price targets for Ethereum, dependent on macro conditions and regulatory clarity.

ETH derivatives open interest rose by 11.59% in 24 hours to $34.165 billion, with Binance, Gate, Bybit, and OKX leading in leverage. This surge mirrors a previous increase in March. Traders are piling into Ethereum futures, potentially amplifying both rallies and drawdowns. Concentrated risk remains on a few exchanges.

JPMorgan CFO Jeremy Barnum warned that yield-bearing stablecoins could lead to regulatory arbitrage if not held to the same standards as traditional bank deposits. This comes amid negotiations on the CLARITY Act. Barnum’s comments highlight the need for equivalent safeguards for stablecoins to protect consumers and close the regulatory gap.

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…