Investors buying shares in the instrument gain exposure to the HYPE token without having to own the cryptocurrency.
The sanctions could destabilize Iran's economy and increase compliance costs for the global crypto industry, affecting market stability.
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OpenAI's $4B investment in AI deployment intensifies competition, challenging existing players and raising stakes for decentralized AI solutions.
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Bitcoin continues to trend higher, demonstrating resilience despite short-term volatility and pressure from resistance. Rather than displaying signs of heavy distribution or aggressive selling, the market has maintained a constructive structure with shallow pullbacks and consistent higher highs, reinforcing confidence in the broader bullish trend. Strong Stability Of Bitcoin Above Key Levels Bitcoin is demonstrating significant resilience, according to analyst Sykodelic, who notes a lack of massive sell-offs or hard rejections. Instead, the market is producing higher highs following only minor pullbacks. BTC has successfully cleared multiple key levels and is currently consolidating to build the strength necessary for its next major expansion. Related Reading: Top Analyst Confirms The Bearish Target: Bitcoin Could Ease Down To $40,000 A pivotal technical milestone has been reached, as Bitcoin has remained above the Bull market support band for ten consecutive days. This zone, which incorporates the true market mean and Short-Term Holder (STH) cost basis, is now beginning to trend upward. This shift suggests that the primary trend is strengthening and providing a solid floor for current price action. BTC recently secured a daily close above the 200D EMA, a level that typically causes hard rejections in weak market structures. Sykodelic highlights that rather than failing at this resistance, Bitcoin is coiling up for another attempt. The broader financial landscape has shifted into a risk-on environment, further supporting the bullish case for crypto assets. Bitcoin’s ability to repeatedly test and hold near the 200D EMA suggests that the path of least resistance is now to the upside. Given this structural strength, Sykodelic anticipates that the $85,000 level will be breached, potentially within the current week. Such a move would represent a definitive breakout from the current range and signal the start of a more aggressive rally. Lower Timeframe Price Action Remains Choppy And Unclear In a recent market update, analyst Minga noted that price action on the lower timeframes (LTF) is currently disordered, lacking the clean structure necessary for high-conviction trading. Following a rejection from the weekly open, the market’s bias leans bearish. However, for a sustained bearish continuation to materialize, the price must remain suppressed below the critical $82,100 resistance region. Related Reading: Bitcoin Open Interest Explodes Beyond 2025 All-Time High Levels On the downside, the $80,600 level has been identified as the primary local support zone. As long as the market successfully defends this floor, a potential recovery toward the $84,000 target remains a viable scenario. This creates a narrow range where the immediate trend is undecided, leaving the asset caught between a vital weekly resistance and a firm local support. Given the current lack of structural clarity, Minga suggests that the most prudent move is to remain patient for the market to provide more definitive confirmation regarding its directional intent for the remainder of the week. Featured image from Getty Images, chart from Tradingview.com
JPMorgan filed to launch JLTXX, its second tokenized money market fund on Ethereum, using Kinexys for token balances.
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The court testimony highlights potential shifts in AI industry ethics, questioning the balance between innovation and profit motives.
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The outcome of Armstrong's advocacy could shape the US as a leader in crypto innovation or push the industry to more favorable global markets.
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The deepening US-Iran tensions and Pakistan's strategic military support highlight the geopolitical risks impacting global crypto stability.
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Google launched Googlebook, a new Gemini powered laptop category combining Android, ChromeOS, and premium PC hardware.
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The escalating costs and threats suggest prolonged conflict, potentially destabilizing oil markets and increasing geopolitical tensions globally.
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Ethereum Clear Signing simplifies wallet approvals, enhancing security by translating transaction data into human-readable language.
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The global banking giant is expanding its tokenized money market lineup, following BlackRock's similar move just a few days ago.
AI disruptions and global economic shifts could drive Bitcoin to new heights amid deflationary pressures.
The post Arthur Hayes: Geopolitical conflicts are fueling inflation, nations are rethinking dollar reserves, and the petrodollar’s end could reshape global finance | Unchained appeared first on Crypto Briefing.
The UK's sanctions highlight the increasing scrutiny on crypto exchanges, potentially leading to stricter regulations and compliance costs.
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Coinbase's strategic lobbying efforts could shape US crypto regulations, potentially unlocking significant institutional investment opportunities.
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Trump's China visit with top CEOs could reshape US-China trade dynamics, impacting sectors like tech, agriculture, and finance significantly.
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The narrowing demands may lead to unresolved tensions, increasing the likelihood of future military conflicts and impacting regional stability.
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The US Senate voted largely along partisan lines to confirm Kevin Warsh as a member of the Fed's Board of Governors, despite many Democrats’ concerns about the central bank’s independence.
Starmer's leadership faces uncertainty, potentially reshaping Labour's future dynamics amid internal dissent and electoral setbacks.
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Benchmark equities analysts have reiterated their Buy rating for Coinbase's stock, raising their price target for COIN to $270 from $260.
A lookalike repository impersonating OpenAI's Privacy Filter model racked up 244,000 downloads in under 18 hours before Hugging Face pulled it.
Rising oil prices due to geopolitical tensions may exacerbate global inflation, impacting economic stability and energy market dynamics.
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eBay's rejection of GameStop's bid signals potential challenges for future acquisitions, impacting market confidence and strategic expansions.
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The CFTC is weighing in on another legal battle over states’ authority to regulate prediction markets — this time in Ohio.
The fragile ceasefire's potential collapse could destabilize global oil markets, impact crypto investments, and heighten regional tensions.
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Ukraine's airport ceasefire proposal could shift diplomatic dynamics, enhancing Europe's role and potentially stabilizing regional air operations.
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AI's role in cybersecurity is intensifying, necessitating enhanced defenses as attackers leverage AI for rapid, large-scale exploitation.
The post Google thwarts hacker group’s AI-driven mass exploitation plan appeared first on Crypto Briefing.
Google launched Gemini Intelligence, a feature suite that aims to turn Android devices into proactive AI assistants.
Ethereum’s price has lagged behind Bitcoin at key moments, retail confidence is low, and every failed breakout has given critics another reason to argue that ETH has lost its place. However, some market experts are not buying that idea. One of those market experts taking the opposite side of that argument is Tom Lee. The Fundstrat co-founder and BitMine chairman has continued to defend Ethereum’s long-term setup, with his 2026 ETH target around $12,000. The $10,000 Ethereum Case Is Bigger Than One Prediction Tom Lee is one of the more vocal names in the bullish camp for Ethereum. The Fundstrat co-founder and BitMine chairman has reportedly projected Ethereum as high as $9,000 to $12,000 by the end of 2026, placing him among the experts who believe ETH’s current weakness is temporary. Related Reading: Ethereum Shortfall Says Price Is Headed Lower Unless This Happens Lee made the Ethereum year-end 2026 forecast at Consensus Miami, pairing the range with a Bitcoin projection of $150,000 to $200,000 and calling the crypto winter already over. It was a statement of confidence that stood out even in a conference room full of optimists. Lee’s company, Bitmine Immersion Technologies, holds over 5.18 million ETH valued around $12.07 billion, a position built in less than a year at an estimated cost of around $230 million per tranche each week. This accumulation trend by Bitmine has been repeatedly compared to Strategy’s Bitcoin accumulation playbook, and Lee has leaned into it. Interestingly, the $10,000-plus Ethereum prediction is not limited to Lee. Analyst Crypto Patel offered a complementary set of drivers in a post on X, projecting an Ethereum price of around $10,000 to $15,000 this cycle. Another crypto analyst called Celal Kucuker also shared a bullish Ethereum outlook on X on May 9, laying out a long-term roadmap that places ETH on course for a possible move above $24,000. Why Are Market Experts Predicting Ethereum Price Above $10,000? Market experts are pointing to various reasons as to why Ethereum is going to break above $10,000. For instance, Crypto Patel’s prediction was built around a string of institutional developments, including BlackRock’s filing for tokenized money market funds on Ethereum, JPMorgan’s MONY fund going live on the network, and BlackRock’s BUIDL fund reaching $2.85 billion to become the largest real-world asset product on any blockchain. Related Reading: Market Analyst Predicts Bitcoin And Ethereum Prices For The Next 3 Quarters Tom Lee has made a similar argument, with his Ethereum outlook based on Wall Street’s growing move into blockchain infrastructure. According to Lee, the next big move in markets won’t be led by stocks. It’ll be driven by crypto, Bitcoin and Ethereum in particular. This is why the predictions above $10,000 are not coming from one single angle. Some experts are focused on institutional adoption, others are focused on tokenization and stablecoins, and some are reading Ethereum’s long-term chart structure as a sign that the asset still has room for a major cycle rally. Featured image from Adobe Stock, chart from Tradingview.com
The anticipated reopening of the Strait of Hormuz may stabilize global oil markets, reducing fears of prolonged price spikes and economic disruption.
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