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Price analysis 5/10: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIB

Bitcoin’s failure to rise above the 20-day EMA increases the risk of a downward breakdown for BTC and many altcoins.

Wells Fargo reports exposure to Grayscale and ProShares Bitcoin ETFs

The bank reported holding $143,111 worth of shares of the ProShares Bitcoin Strategy ETF, Grayscale Bitcoin Trust and Bitcoin Depot.

Coinbase’s Stand With Crypto launches political action committee

The advocacy group said it will begin officially endorsing political candidates for “common-sense crypto policy” in the U.S. Senate and House of Representatives.

Hong Kong issuer seeks spot Bitcoin ETF for mainland China

Harvest’s CEO believes the Hong Kong-mainland China ETF bridge program could enable crypto ETF access in mainland China.

Crypto firms brace for intensified SEC, CFTC action after regulator warning

The CFTC warned of another cycle of enforcement actions against crypto firms as investor interest rises.

U.S. officials seek easier pathways to ban AI exports and keep tech secrets in

Amid the global race to obtain high-level AI models, legislators in the U.S. have unveiled a new bill that would make it easier to ban exports of AI tech to safeguard against mal-intended foreign actors.

Zilliqa battles back-to-back network disruptions amid latest upgrade rollout

Following a series of network disruptions, Zilliqa has restored network functionality and is focused on debugging amid its v9.3.4 network upgrade.

Binance obtains FIU approval for India return

Besides Binance and KuCoin, several other platforms received the regulatory notice in December last year followed by a ban in January this year.

Bitcoin still lacks $60K support as BTC price nears $100M liquidity zone

Bitcoin traders are upping the stakes amid a tightly rangebound few days for BTC price action.

IMF backs Nigeria crypto adoption amid local SEC crackdown

The IMF recommendation sets out to remedy the macroeconomic challenges Nigeria faces while attracting global investment.

Telegram-linked Toncoin soars 50% in May for these 3 reasons

Toncoin is poised for a potential 20% increase in the upcoming weeks, mirroring a bullish fractal pattern previously observed in February 2024.

Grayscale Bitcoin ETF nullifies $66.9M inflows in 2 days

Grayscale’s Bitcoin ETF saw substantial investment outflows that surpassed the $66.9 million it had attracted just a few days earlier.

ByBit to launch Notcoin trading and withdrawals next week

The community is anticipating the trading launch of Notcoin, although no one knows its price at or after listing.

Ethereum 'speculatory divergence' sees ETH price cling to $3K support

ETH price action currently focuses on a key line in the sand for Ethereum short-term holders.

Exodus CEO frustrated as SEC delays listing amid celebrations

Exodus hits regulatory roadblock despite previous approval as “numerous employees and their families” arrive in New York City to face disappointment.

How to securely store crypto in software wallets

Securing your cryptocurrency storage starts with selecting the appropriate software wallet. Using multisig wallets, 2FA and password managers are further steps.

X launches AI-curated audiences for advertisers

X introduces the means for advertisers to define target audiences, while X’s AI generates relevant user pools.

Kraken counters SEC’s legal interpretation in dismissal motion

Kraken argues that the SEC’s efforts to refute unaddressed arguments indicate a misunderstanding of the case’s central points.

BlockFi partners with Coinbase for fund distribution, shuts down web platform

The plan administrator will continue to use Coinbase for upcoming distribution rounds, potentially involving recovered funds from FTX.

SBF maintains his innocence as he trades rice in jail

FTX co-founder Sam Bankman-Fried gave his first in-person media interview since being locked up, saying he’s gotten “good at faking” that he’s doing well.

RNDR pumps 11% after Apple mentions Octane

A brief, three-second mention of Render’s Octane software in an Apple promo video was spotted by traders amid RNDR already witnessing significant price appreciation this week.

President Joe Biden is trying hard to 'kill crypto', says Cardano founder

“A vote for Biden is a vote against the American cryptocurrency industry,” said Charles Hoskinson in a video that lashed the White House for its ongoing treatment of crypto in the United States.

Altcoins will bottom in early summer before bull run — Analyst

An altcoin bull run would first require Bitcoin to break out from its current range, according to Nansen's principal research analyst.

Ethereum L2 Eclipse CEO steps back amid sexual misconduct claims

Eclipse founder and CEO Neel Somani said he would “work to clear my name and defend myself” and will move away from a public-facing role at the firm.

Jack Dorsey says Bitcoin will be worth 'at least a million' by 2030

“I do think it hits that number and goes beyond,” said the Twitter co-founder on his million-dollar Bitcoin prediction.

Bitcoin’s Ordinals, Runes key to solving the mining subsidy problem: ViaBTC

Each Bitcoin halving sees Bitcoin miners rewarded with a smaller block subsidy, but ViaBTC is optimistic that innovative Bitcoin applications will more than cover these needs, as Satoshi Nakamoto envisioned.

Tether slams Deutsche Bank over suggestion its stablecoin could fail

Analysts at Deutsche Bank also argued Tether’s solvency status is “questionable” which the stablecoin firm said is “ironic” considering the bank’s own history with fines.

Bitcoin could soon ‘BLOW higher’ on bullish candle hammer: Glassnode execs

Traders will be closely watching how Bitcoin’s weekly chart closes on May 12 to look for signs of the end of the downtrend.

Marathon Digital misses Q1 estimates on bad weather, utility failures

The Bitcoin miner’s top line came below expectations due to “unexpected equipment failures” and worse-than-predicted weather at multiple mining sites.

Base set for ‘material share’ of SocialFi activity: Franklin Templeton

Base is already home to 46% of transactions related to SocialFi on-chain, but the asset manager says it has even more room to grow.

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