Author: John Smith

Solana price pulled back on Wednesday as bullish momentum weakened near a key Fibonacci resistance zone, while traders monitored signs of a potential bearish MACD crossover on the daily chart. Summary Solana price pulled back toward the $90 support zone after facing rejection near the $94–$98 Fibonacci resistance region. The MACD indicator is approaching a bearish crossover on the daily chart, signaling weakening bullish momentum after SOL’s recent rally. Analysts are watching whether bulls can defend the $90 support level to prevent a deeper correction toward the $87 and $85 regions. According to data from crypto.news, Solana (SOL) traded near…

Bitget Wallet has appointed former Uber executive Jack Zhai as Head of the Americas as the company pushes to expand its self-custodial wallet business across the region. Summary Bitget Wallet has hired former Uber executive Jack Zhai to lead expansion efforts across the Americas. The company said its wallet platform now serves more than 90 million users as it pushes deeper into on-chain payments and self-custodial finance tools. Zhai joined Bitget after holding growth roles at Uber, NewsBreak, PIN AI, and Hooked Protocol. According to a statement shared with crypto.news, Zhai will oversee regional partnerships, user growth, and expansion efforts…

Forward Industries, the self-described world’s largest Solana treasury company, reported a net loss of $585.6 million for the fiscal quarter ended Dec. 31, 2025.  Summary Forward holds nearly 6.98 million SOL, with almost all tokens staked for 6.73% gross APY. The company reported a $585.6 million Q1 loss, driven mainly by digital asset marks today. At current SOL prices, Forward’s treasury faces an unrealized paper loss approaching almost $1 billion. The loss was driven mainly by a $560.2 million loss on digital assets and a $33.0 million impairment linked to its SOL holdings. The company still reported higher revenue. First-quarter…

An X user known as Cprkrn says Anthropic’s Claude helped him recover 5 Bitcoin from a wallet he had not accessed for more than a decade.  Summary Claude helped locate an older wallet backup after trillions of password attempts reportedly failed earlier. AI aided wallet recovery without breaking Bitcoin encryption or changing seed phrase rules for users. Security warnings remain because uploading wallet files to AI can expose funds and private keys. The coins were worth about $397,000 during source checks, based on Bitcoin trading near $79,410. The story spread after Cprkrn claimed Claude helped find an old wallet backup…

Parliamentary standards watchdog formally launched a probe into Nigel Farage over an undeclared £5M gift tied to crypto donations. Summary Parliamentary Standards Commissioner Daniel Greenberg has opened a formal inquiry into whether Farage breached the Commons Code of Conduct. The £5M came from Christopher Harborne, a Thailand-based investor who holds a 12% stake in Tether and has given over £22M to Reform UK. The UK government banned political crypto donations in March 2026 after the Rycroft Review warned that digital assets could channel foreign money into elections. The investigation centers on a £5 million payment Farage received from Christopher Harborne…

AI Layer-2 token Matchain MAT surged 349% in a single session as speculative capital rotated into small-cap altcoins. Summary Matchain is a BNB Chain zk-rollup focused on decentralised identity and AI-driven advertising infrastructure, with a market cap under $3 million. The move coincided with CryptoQuant’s Bull-Bear Market Cycle Indicator turning bullish on May 12 for the first time since March 2023. The Altcoin Season Index stands at 35 as of May 2026, still well below the 75-point threshold that signals a genuine market-wide rotation. Matchain is an AI-powered zk-rollup blockchain built on BNB Chain that focuses on decentralised identity, data…

The copper gold ratio has broken above its 200-day moving average for the first meaningful time since September 2020. Summary The ratio now stands at 0.00142, with copper at $6.65 per pound and gold near $4,700 per ounce, up 25% from its recent lows. Previous surges in 2013, 2017, and 2021 aligned with the early stages of major Bitcoin price cycles. The correlation between Bitcoin and the ratio has rebounded sharply from near negative 1.0, suggesting the relationship is beginning to strengthen. The copper gold ratio is a closely watched macro signal measuring the relative strength of copper, an industrial…

Yellow Network chairman Alexis Sirkia says the CLARITY Act is the structural reset U.S. crypto has waited for. Summary Sirkia argues the bill creates the first navigable framework around classification, jurisdiction, and compliance for crypto firms. Years of regulatory uncertainty pushed builders to Dubai and Singapore, and the CLARITY Act could reverse that flow if it passes. Success, Sirkia says, means founders launching U.S. products without fear of retroactive enforcement years down the line. The CLARITY Act is moving faster than at any point in its legislative history. The Senate Banking Committee released a new 309-page draft on May 12,…

Metaplanet loss hit $725 million in Q1 2026, driven entirely by a $737 million non-cash Bitcoin writedown. Summary Japan’s Metaplanet posted a Q1 net loss of $725.6 million, driven by ¥116.4 billion in non-cash Bitcoin valuation losses as BTC fell 24% during the period. Revenue rose 251% year over year to $19.5 million and operating profit grew 283% to $14.4 million, as Bitcoin option income surged. Metaplanet added 5,075 BTC in Q1 to reach 40,177 total, cementing its position as the largest public Bitcoin holder outside the United States. Tokyo-listed Metaplanet (TSE: 3350) reported a net loss of ¥114.5 billion…

Bloomberg senior ETF analyst Eric Balchunas reported that the Bitcoin spot ETF iShares Bitcoin Trust (IBIT) has significantly outperformed the gold ETF SPDR Gold Shares (GLD) since March, outpacing it by roughly 33 percentage points in performance. Summary Bloomberg ETF analyst Eric Balchunas says Bitcoin ETF IBIT has outperformed gold ETF GLD by 33 percentage points since March. IBIT recorded $4.2B in inflows while GLD saw $9B in outflows, creating a $13B divergence in capital flows. The shift signals accelerating institutional rotation from traditional safe-haven assets into digital alternatives. According to Balchunas, IBIT has attracted approximately $4.2 billion in net…