A sustained drop in consumer confidence could hinder US economic growth, impacting spending and potentially influencing monetary policy decisions.
The post US Michigan consumer sentiment falls to 44.8 in May, hitting all-time low appeared first on Crypto Briefing.
Federal prosecutors charged two men under the 2025 law that criminalizes non-consensual AI-generated intimate imagery.
Norway's wealth fund's stance on board appointments highlights the growing influence of institutional investors in corporate governance reforms.
The post Norway’s $2.3T wealth fund objects to Elkann’s Meta board seat appeared first on Crypto Briefing.
US sanctions on Hengli highlight geopolitical tensions, impacting global energy dynamics and complicating compliance for Asian markets.
The post Hengli Group faces US sanctions over Iranian oil purchases, sending shockwaves through energy and prediction markets appeared first on Crypto Briefing.
Chun Wang, the first Mission Commander for SpaceX’s first commercial spaceflight to Mars, is crucial for the future transport of millions of tons of cargo and a million citizens to the Red Planet.
The bill would require quarterly public proof-of-reserve disclosures and third-party audits of government bitcoin holdings.
Robinhood Crypto COO Tanya Denisova is leaving the firm after more than five years, as the trading platform navigates a sharp decline in crypto revenue and works to lessen its dependence on digital asset market cycles.
Cardano could lose a core group of scientists if Input Output fails to secure treasury funding for a slate of research and infrastructure proposals that are still awaiting approval. Last month, Input Output, the development firm behind the Cardano network, revealed that it was seeking $46.8 million to finance its operations for the 2026 development […]
The post Cardano founder warns network could lose its scientists in Input Output’s 33M ADA funding vote fails appeared first on CryptoSlate.
Bitcoin sold off to $76,000, giving bears an opportunity to reclaim control of the crypto market. Meanwhile, altcoins like HYPE charted new highs.
A recent TradingView technical outlook suggests Bitcoin remains locked beneath a stubborn upper trendline resistance that continues to suppress bullish momentum. Despite several recovery attempts, BTC has repeatedly failed to break through the resistance zone, causing speculations that the price could push below $60,000. Bitcoin Trapped Beneath A Heavy Ceiling The TradingView chart highlights how this upper trendline has consistently acted as a ceiling for price action, rejecting Bitcoin each time buyers attempt to push higher. That resistance area also overlaps with key Fibonacci retracement levels, making it an increasingly important barrier within the current market structure. Related Reading: Pundit Predicts What Will Happen To XRP When Exchanges Run Out Of Supply Current price action appears to support that outlook. Bitcoin has struggled to sustain upside momentum and recently slipped lower after another rejection near the top of the rising formation. Attention is now shifting toward the $73,000 to $75,000 support region, which analysts view as critical for maintaining the broader bullish structure. The setup also shows a narrowing wedge-like recovery structure developing after Bitcoin’s earlier selloff. However, rather than breaking upward decisively, BTC has started rolling over near resistance once again, signaling that the market still lacks the momentum needed to overpower the upper trendline. This weakness is already becoming visible across broader market performance metrics. Bitcoin remains under pressure on higher timeframes and has recorded losses across the weekly and 14-day charts. For bullish momentum to regain strength, analysts say Bitcoin must finally break above the upper trendline resistance with strong conviction. Until that happens, the current price action continues to reinforce the idea that the trendline ceiling remains firmly in control of the market. Can Bitcoin Crash Below $60,000? While the dominant outlook favours Bitcoin breaking the upper trendline to regain bullish momentum, analysts are not dismissing the possibility of a much deeper flush if key supports collapse. The immediate downside focus sits between $69,000 and $66,000, where another major support region intersects with the rising trendline structure from previous swing lows. A move into that range would likely represent an aggressive but technically acceptable retracement within the broader cycle. Related Reading: XRP Analyst Reveals The Real Catalysts; ‘The Price Discovery Will Be Biblical’ The more concerning scenario emerges if Bitcoin loses the $66,000 threshold entirely. According to the chart, that breakdown would invalidate the current ascending support framework and potentially trigger a broader risk-off reaction across crypto markets. In that situation, volatility could increase rapidly. Liquidity gaps below current price levels may expose Bitcoin to a sharp capitulation move capable of driving price beneath $60,000 before stronger demand returns. There is also a hint at the possibility of a panic-driven wick stretching toward the low-$50,000 region if market conditions deteriorate aggressively. For now, however, the market remains at an inflection point rather than in confirmed collapse. The behavior of buyers around the $73,000 to $75,000 area will likely determine whether Bitcoin resumes its climb toward six-figure territory or slides into a much deeper corrective phase. Featured image created with Dall.E, chart from Tradingview.com
The SEC has delayed its plan for an anticipated exemption that would clarify the agency's stance on tokenized assets, Bloomberg Law reported.
The investigation could lead to stricter regulations on prediction markets, impacting how geopolitical events are speculated and traded.
The post Congress probes Polymarket, Kalshi over Iran strike insider trading allegations appeared first on Crypto Briefing.
Switzerland's alignment with EU sanctions on Russia highlights increasing global regulatory scrutiny on crypto, impacting compliance costs and jurisdictional advantages.
The post Switzerland adopts most of EU’s 20th sanctions package against Russia, including crypto restrictions appeared first on Crypto Briefing.
Ethereum's dominance in onchain finance solidifies its role as a key infrastructure, attracting institutional interest and shaping future blockchain dynamics.
The post Grayscale’s Zach Pandl highlights Ethereum’s dominance in onchain finance metrics appeared first on Crypto Briefing.
Senator Wicker's stance may heighten regional tensions, reducing diplomatic prospects and increasing the risk of military escalation in the Middle East.
The post Senator Wicker urges Trump to reject Iran deal, renew military strikes appeared first on Crypto Briefing.
HIVE's ambitious AI pivot could redefine crypto miners' roles, pushing them towards AI infrastructure, impacting market valuations and strategies.
The post HIVE Digital Technologies plans CAD $3.5 billion AI gigafactory in Ontario appeared first on Crypto Briefing.
The Ninth Circuit said federal derivatives oversight does not shield prediction market firms from state gaming enforcement.
The exploit highlights the critical need for robust security practices in crypto platforms, as trust hinges on operational integrity.
The post Polymarket hit by $700K exploit of internal top-up wallet appeared first on Crypto Briefing.
The relaxation of listing rules to attract IPOs may compromise market stability, posing risks to investors and challenging regulatory oversight.
The post NYSE Group president Lynn Martin questions integrity of rule changes to attract listings appeared first on Crypto Briefing.
Hester Peirce, the commissioner behind the SEC's Crypto Task Force, made statements on the now-delayed proposal, perhaps tamping down mistaken beliefs.
SpaceX's potential IPO could significantly influence market dynamics, investor strategies, and regulatory landscapes, shaping future tech valuations.
The post SpaceX nears $1.8T IPO as market confidence grows appeared first on Crypto Briefing.
Iran's rejection complicates diplomatic efforts, potentially destabilizing U.S.-Iran relations and impacting regional geopolitical dynamics.
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Squid is preparing to launch a new consumer product aimed at making it easier to access and manage crypto assets, Fig told The Block.
XRP is trading in one of its most important technical zones of the year, with a new two-week chart analysis arguing that the larger Elliott Wave structure has not broken down. The setup, which was shared by crypto analyst Dark Defender, places XRP near the end of a narrowing resistance and support apex, where the next major move could decide whether the cryptocurrency will still be trapped below short-term resistance or beg a stronger upward rally to defined resistance levels. XRP’s Elliott Wave Count Still Points To A Larger Bullish Structure Dark Defender’s analysis is built around the view that XRP’s primary Elliott Wave structure is still intact on the two-week candlestick timeframe chart. The chart shows XRP moving through a larger five-wave sequence, with the current price action around the end of Wave 4. Related Reading: Analyst Says Solana And XRP Investors Are In Trouble, What’s Going On? According to Elliott Wave theory, Wave 4 is the second corrective phase in a five-wave impulse that comes before the final Wave 5 expansion, provided the entire impulse structure is not invalidated by a breakdown. As shown in the chart below, XRP is being squeezed between a descending orange resistance line and a rising blue support line. The XRP price touched the blue support line in March and has created a few bullish 2-week candlesticks since then. The current candlestick touched the descending orange resistance line again, and this shows that XRP is running out of space to continue consolidating. The analyst highlighted support between $1.36 and $1.31. That range is important because XRP is already trading around $1.36, meaning the price action is testing the lower part of the setup in real time. A clean hold above this zone would keep the bullish wave count alive, while a loss of the area would discredit the possibility that the current structure is still preparing for a Wave 5 move. Fibonacci Price Levels To $8 The most important short-term battle is around the orange resistance line. Dark Defender said XRP will break that orange resistance and deliver a strong, strong run through the end of May. Since the rejection at $3.65 in July 2025, XRP has formed lower highs under that descending trendline, which is now around $1.47. Related Reading: Here’s How XRP Is Making Its Next Major Push Into The Trillion-Dollar Wall Street The projected path on the chart shows XRP breaking above $1.47 and then extending into the higher Fibonacci extensions. The first notable extension is a 161.80% extension at $1.8818. The 361.80% extension, a Fibonacci level associated with extended Wave 3 and Wave 5 completions in strong impulsive structures, maps to $3.5632. It is the 644.40% extension, however, that anchors the full bullish prediction of $8.7822, which is labeled as the Wave 5 target. Featured image from Sketchfab, chart from Tradingview.com
The linkage of uranium delivery to sanctions relief could pave the way for renewed US-Iran diplomacy, impacting regional stability.
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A local banker told CoinDesk that in light of Wall Street’s aggressive push into the crypto industry, Minnesota's financial institutions could not afford to remain on the sidelines.
Iran's stance may heighten geopolitical tensions, hinder diplomatic progress, and reduce chances of a timely resolution on nuclear issues.
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Dell stock hit a new record as analysts raised AI server targets before earnings, extending its 2026 rally.
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A potential 15% S&P 500 drop amid inflation could trigger a shift from equities to bonds, impacting asset valuations and investor strategies.
The post Zweig-DiMenna warns S&P 500 could drop 15% amid inflation threat appeared first on Crypto Briefing.
Representative James Comer asked CEOs of two major prediction market companies for information on their responses to insider trading after “suspiciously timed trades” related to US military actions against Iran.