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Cardano (ADA) is climbing past $0.70 with a 10% weekly gain, but technical indicators hint at fading momentum and critical support tests ahead.
Quick Take The second-largest decentralized exchange (DEX) aggregator by volume has activated support for Solana. 1inch said it intends to enable cross-chain swaps soon, connecting Solana to 10 decentralized finance blockchains.
Shiba Inu faces renewed sell-off fears after hackers offload 150 billion SHIB tokens. SHIB battles resistance near $0.0000145 as bullish momentum faces critical test. Longer-term SHIB forecasts predict over 100% upside if market stability returns.
Quick Take A new Bitcoin mining report from Cambridge University says that sustainable energy use by the industry has reached 52.4% — up from 37.6% in 2022. The figure exceeds Elon Musk’s stated threshold of 50% for Tesla to resume allowing bitcoin payment options, though the electric vehicle manufacturer is yet to do so.
- 13:39WBTC is now natively issued on the Solana blockchainAccording to official news, WrappedBTC announced that WBTC is now natively issued on the Solana chain.
- 13:38Bloomberg Analyst: BlackRock's IBIT Ranks Eighth in Year-to-Date Inflows Among US ETFsBloomberg Senior ETF Analyst Eric Balchunas stated on social media, "A sense of déjà vu in weekly fund flows, with VOO and IBIT still occupying the top two spots, just like last year when 'Bitcoin Beta' was a big theme. IBIT is currently ranked 8th in year-to-date fund inflows (having once fallen out of the top 50), with cumulative inflows exceeding $6.4 billion. Since decoupling, it has been buying Bitcoin like crazy.
- 13:37The US SEC plans to hold the fourth crypto roundtable on May 12, with executives from BlackRock, Fidelity, Nasdaq, and others attendingThe detailed agenda and list of participants for the SEC's Crypto Asset Special Task Force's roundtable meeting scheduled for May 12th—"Tokenization: Assets on the Chain—The Intersection of Traditional Finance and Decentralized Finance." This roundtable is part of the SEC's series of crypto asset regulatory events launched in March and will be held at SEC headquarters from 1:00 PM to 5:30 PM local time on May 12th. SEC participants include: Chairman Paul S. Atkins, Director of the Crypto Task Force Office Richard B. Gabbert, Commissioner Hester Peirce, among others; The agenda includes: Financial Evolution: Capital Markets 2.0, The Future of Tokenization; Other participants include: Cynthia Lo Bessette (Fidelity), Eun Ah Choi (Nasdaq), Will Geyer (Invesco), Robert Mitchnick (BlackRock), among others.