Crypto World
Thailand broadens crypto futures reach amid licensing overhaul
The Thai Securities and Exchange Commission (SEC) has opened a public consultation on proposed rule changes aimed at letting licensed digital asset businesses apply directly for derivatives licenses. The move would remove the current requirement to establish separate entities for derivatives activities and would extend the use of digital assets as eligible underlying assets for futures contracts. The proposed framework also introduces more stringent measures to manage conflicts of interest and bolster supervisory oversight. Public feedback is welcome through May 20, 2026, and will shape the final rule set.
According to the Thailand SEC, the revisions are designed to broaden access to the country’s derivatives market while safeguarding investors. By enabling existing license-holders to extend into derivatives within their current corporate structures, regulators hope to lower entry barriers for crypto firms seeking to offer hedging tools and other risk-management products. The changes also aim to elevate standards for derivatives exchanges and clearing houses in line with international practice, creating a more coherent and resilient market infrastructure.
Key takeaways
- Thailand proposes direct derivatives licensing for licensed crypto firms, eliminating the need for standalone entities.
- Digital assets would be recognized as eligible underlying assets for futures, expanding the scope of Thailand’s derivatives market.
- New rules emphasize conflict-of-interest controls and stronger regulatory oversight of exchanges and clearing houses.
- Public comment runs through May 20, 2026, with decisions likely to influence regional standards and market access.
Thailand’s plan to streamline crypto derivatives licensing
At the heart of the proposal is a practical shift in how crypto firms can participate in the derivatives segment. Instead of having to spin up a separate corporate vehicle solely to handle derivatives activities, licensed digital asset businesses could apply to offer derivatives services within their existing entities. The SEC frames this as a way to reduce bureaucratic friction while keeping activities under tighter regulatory scrutiny, rather than loosening controls.
The proposed regime would also codify the use of digital assets as underlying assets for futures contracts, a step that regulators argue will modernize the financial toolkit available to Thai investors. By broadening the instrument base, the SEC intends to improve hedging options for portfolios and provide more robust risk-management tools for both retail and institutional participants. Still, the draft rules introduce enhanced safeguards—such as stronger conflict-of-interest provisions and clearer delineation of responsibilities among exchanges, clearing houses, and market participants—to preserve market integrity as activity migrates into the derivatives space.
The Thai move aligns with a broader trend in Asia toward formalizing crypto derivatives under conventional financial-market standards. Regulators in several jurisdictions have pursued a balance between enabling sophisticated products and maintaining guardrails to mitigate systemic risk, particularly given the volatility inherent in digital assets. In Thailand’s case, the next milestone is the public consultation window, which will solicit input from market participants, lawyers, and other stakeholders before a final framework is published.
Global derivatives expansion: what the US could unlock
The Thai proposal arrives as the global derivatives landscape around crypto continues to evolve. In a parallel development, perpetual futures—positions that can be held around the clock—are gaining traction across major platforms as firms prepare for potential regulatory approvals in the United States. Blockchain.com, for example, recently launched perpetual futures trading within its self-custody wallet, enabling users to open leveraged BTC-denominated positions without transferring funds to an exchange. The feature, built on Hyperliquid’s execution layer, provides access to more than 190 markets with up to 40x leverage.
Other major exchanges have pursued similar offerings for non-US clients, expanding 24/7, multi-asset trading access. Kraken and Coinbase each introduced perpetual futures tied to equities for non-US users in earlier waves of product development. While these products remain largely inaccessible to U.S. residents for now, the regulatory outlook in Washington could shift the landscape. In March, comments from CFTC Chair Rostin Behn suggested the agency is actively considering crypto perpetual futures, indicating a potential move to enable such products within the coming months. If realized, the change could unlock a new cadre of venues and liquidity for U.S. traders seeking non-traditional hedges and speculative tools beyond spot markets.
The market has already seen strategic moves that hint at anticipated regulatory alignment. Payward, the parent company of Kraken, agreed to acquire Bitnomial, a U.S.-regulated derivatives venue, a deal framed as expanding access to regulated crypto derivatives for U.S. clients. The consolidation signals a broader industry push to anchor crypto derivatives in compliant, well-governed venues, which could appeal to institutional participants wary of regulatory risk and counterparty risk in less-regulated trading environments.
Taken together, the Thai consultation and the broader push in the United States underscore a shared objective: to mature crypto derivatives into reliable, capital-efficient tools for hedging, risk management, and yield generation. Regulators appear to be calibrating the balance between broad market access and robust oversight, with a clearer emphasis on standardized governance for exchanges and clearing environments worldwide.
Industry implications and what to watch next
For investors and builders, Thailand’s proposed changes could reduce the friction for legitimate crypto firms to offer derivative products within a familiar corporate structure, potentially accelerating the regional adoption of hedging strategies and complex financial products tied to digital assets. If implemented with rigorous oversight, the framework could also reassure institutional players seeking compliant venues and clear risk frameworks, contributing to a more resilient regional market.
From a global angle, the emergence of perpetual futures and regulatory-adjacent activity in major markets raises questions about the pace of U.S. approvals and the boundaries of permissible products. Regulators are balancing the desire to protect investors with the benefits of more transparent, regulated marketplaces that can deliver access to mainstream participants. As the U.S. debate advances, exchanges and liquidity providers will likely continue expanding offerings for non-U.S. customers while preparing for potential U.S. entry points.
Market participants will be keenly watching several milestones: the final shape of Thailand’s derivatives licensing rules after the May 20 consultation; any formal guidance on the treatment of digital assets as underlying assets in Thai futures markets; and the timing and scope of any U.S. regulatory green lights for crypto perpetual futures. Together, these developments could influence where liquidity flows, how risk is managed, and which platforms gain prominence as the global crypto derivatives ecosystem evolves.
For readers tracking regulatory trajectories and product innovation, the Thai process offers a concrete example of how a jurisdiction can ease access to advanced financial instruments while preserving rigorous governance standards. The convergence of regional reform and global product experimentation suggests a maturation phase for the crypto derivatives arena, one that could redefine hedging options and capital efficiency for years to come.
The public consultation in Thailand runs through May 20, 2026. As industry participants prepare feedback, observers should monitor how the final framework handles cross-border activity, conflicts of interest, licensing eligibility, and the interplay with existing securities and futures regimes. The outcome could both unlock new pathways for Thai crypto firms and accelerate the global shift toward regulated, investor-protective derivatives infrastructure.
The gold vs silver divergence has widened sharply this month. Silver (XAG/USD) is up 15.47% against gold’s (XAU/USD) 6% gain as Brent crude slides below $99 on continuing de-escalation talks.
The gap is not random. Proprietary indicators, options flows, and chart structure all lean the same way, though one structural force still defends gold’s downside.
Three Forces Are Separating Gold from Silver
The gold-silver ratio has formed an inverted cup and handle since late March. The ratio now presses against the handle’s lower trendline. A clean breakdown would extend silver’s lead, while a reclaim of the pattern’s upper bound would neutralize the silver-friendly setup.
Its handle low sits near 58, and a break below that level targets a further 16% compression, meaning silver extends the lead. A reclaim of 68 flips it back toward gold.
Silver’s Solar Lag Model, which tracks silver against solar-demand-driven industrial flows with a 10-day lag, has crossed above zero for the first time since late 2025. The November 28 cross preceded silver’s multi-week rally.
Gold’s Real Yields Lag Model, BeInCrypto’s proprietary indicator, which measures gold’s path against 10-year real yields, is rolling the other way. It peaked at 2.685 earlier this month and now reads 0.308. Its slope mirrors the February rollover that broke below zero and bottomed at -3.497 during gold’s correction.
One structural force still defends gold. Central banks now hold roughly 38,666 tons, about 17% of all gold ever mined, according to data cited by The Kobeissi Letter. Even if gold loses the relative race to silver, its downside is cushioned by a buyer base that does not respond to short-term macro rotations.
Taken together, the ratio is compressing in silver’s favor, silver’s industrial lag model is climbing, and gold’s monetary premium is fading, while central bank demand keeps gold’s floor intact rather than lifting it higher. The scoreboard reads three forces for silver, one defensive line for gold.
Positioning data shows whether options traders are reading the divergence the same way.
Options Traders Stack Long on One, Stay Balanced on the Other
Options activity on the iShares Silver Trust (SLV ETF), the largest silver-backed fund and the main proxy traders use to position on silver without touching futures, has turned sharply bullish since late March.
The put-call volume ratio, where a reading below one means calls outnumber puts, has dropped from 0.77 on March 26 to 0.49 on April 21. The open interest ratio has fallen from 0.60 to 0.56 over the same window. Call activity is outpacing put activity on both intraday and structural horizons.
SLV implied volatility sits at 54.26% with an IV Percentile of 69%, meaning options are pricing expected movement above most of the past year’s range. Traders are leaning long and paying up for the range.
Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.
Positioning on the SPDR Gold Shares (GLD ETF), the equivalent physical-backed vehicle for gold exposure, looks different. The volume ratio has dropped from 1.35 on March 26 to 0.87, a shift from bearish to mildly bullish. The open interest ratio has barely moved from 0.53 to 0.54. Traders have stopped stacking downside protection on gold but have not rotated into aggressive call accumulation either.
With indicators and positioning pointing the same way, the charts become the decider.
The Gold vs Silver Verdict Rests on Two Inverse Setups
The silver price (XAG/USD) daily chart has been carving out an inverse head and shoulders, a bullish reversal shape made of three lows with the middle one being the deepest. The pattern’s head sits near $60, and the neckline runs close to $80. The right shoulder’s buying volume sits marginally above its matching selling volume, offering subtle confirmation of strength
A clean break above the $80 to $83 zone would activate a 43% projection toward roughly $115, pushing price near the $121 all-time high. The optimistic extension sits at $133 as a stretch target. A drop below $75 weakens the structure, a move under $69 risks invalidation, and a breach of $60 ends the bullish thesis.
Gold price is building the same pattern but with weaker confirmation. The right shoulder’s selling volume pillar sits above the matching buy volume, the opposite of silver’s read, showing weaker strength. The neckline sits near $4,848, and a confirmed break above that level opens a 24% path to $5,934 from the neckline. That upside is roughly half of silver’s measured move.
The gold-silver ratio from earlier provides the deciding context as the pattern too favors silver for now.
In the gold vs silver race, silver holds the volume confirmation, the cleaner options flow, and the larger projection. However, gold’s safe haven floor rests on central bank demand. Silver’s break above $80 opens a path to $115 and extends the lead. But a rejection there and a loss of $75 could hand momentum back to gold.
The post A 43% Projection Is Calling the Gold vs Silver Winner as Oil Cools appeared first on BeInCrypto.
Crypto World
Clarity Act Markup Slips to May as Tillis Seeks More Time, But OCC Advances Stablecoin Rules
The Senate Banking Committee’s Clarity Act markup is tracking toward May after Sen. Thom Tillis (R-NC) told reporters he does not expect the committee to act in April.
Tillis, the lead negotiator on stablecoin yield provisions, wants more time to hear from banking stakeholders. The delay pushes the earliest possible window to the week of May 11.
Bank Lobbying Pressures Tillis on Stablecoin Yield
Tillis’s office has faced a coordinated pressure campaign from bank lobbying groups, including the North Carolina Bankers Association.
Banks have objected to details of a stablecoin yield compromise reached earlier this month between select crypto firms and banks, even though the full text has not been publicly released.
“It’s very important to me not to accelerate things, to hear everybody, and give them a rational basis for what we do accept,” Sen. Thom Tillis, reportedly told reporters.
However, Sen. Cynthia Lummis (R-WY) pushed back sharply, warning that “further delay is unacceptable” and that the offshore risk is real.
The Digital Chamber also sent a letter to Banking Committee leadership urging immediate action.
The trade group noted more than 270 days have passed since the House passed the Clarity Act.
OCC Advances GENIUS Act Stablecoin Framework
Meanwhile, the Office of the Comptroller of the Currency (OCC) is moving forward with its proposed rule to implement the GENIUS Act.
The rule would establish licensing, reserve, and redemption standards for payment stablecoin issuers under federal oversight. The public comment period closes May 1.
The parallel tracks highlight a split in the pace of US crypto regulation. While the OCC builds out stablecoin supervision, the broader market structure bill faces growing political friction.
The post Clarity Act Markup Slips to May as Tillis Seeks More Time, But OCC Advances Stablecoin Rules appeared first on BeInCrypto.
Former FTX CEO Sam Bankman-Fried, serving a 25-year sentence for his role in misusing user funds at the crypto exchange, has dropped a motion in federal court requesting a new trial for his criminal case, but still has a pending appeal of his conviction and sentence.
In a Wednesday filing in the US District Court for the Southern District of New York, Bankman-Fried responded to a March 23 letter from Judge Lewis Kaplan ordering the former FTX CEO to answer whether he received any assistance from lawyers for a pro se motion — a filing on his own behalf without an attorney. Kaplan’s order followed US prosecutors raising doubts whether the convicted company founder filed for an extension of his request for a new trial by himself in March, just a few days after his mother, Barbara Fried, though lacking standing, sent a letter to the court on her son’s behalf.
“I am the author of this letter, but did consult with my parents about it, since it concerns both of them,” said Bankman-Fried, referring to an extension to file for a Rule 33 motion for a new trial, adding:
“As I have had to focus on responding to these questions rather than drafting a response to the prosecution’s opposition, and because I do not believe I will get a fair hearing on this topic in front of you, I am now requesting to withdraw the Rule 33 motion, without prejudice to renewing it after my direct appeal and the related request for reassignment have been ruled upon.”
Bankman-Fried requested in February that a different judge rule on his motion for a new trial, claiming that Kaplan showed “extreme prejudice.” He also awaits a decision on his appeal of his conviction and sentence in the US Court of Appeals for the Second Circuit. Neither filing was apparently affected by Bankman-Fried’s letter, posted to the public docket on Wednesday.
Related: Interview with SBF’s parents drops chance of pardon on betting markets
Bankman-Fried, known as SBF, was once the CEO of one of the largest crypto exchanges globally before he was convicted of fraud and charges related to his misuse of customer funds in 2023 and later sentenced to 25 years in prison. As of Wednesday, he was housed at the Federal Correctional Institution, Lompoc I, in California.
Is SBF still seeking Trump pardon?
Following his incarceration, the former FTX CEO has made several public statements through interviews and his social media accounts signaling plans to apply for a presidential pardon from Donald Trump.
His request for a new trial included claims that former US President Joe Biden’s Justice Department “threatened multiple witnesses into silence or into changing their testimony“ at his criminal trial. He has also posted to X praising Trump’s crypto policies and the president’s military actions in Iran.
In a January New York Times interview, Trump said that he had no intention of pardoning the convicted former FTX CEO.
Former FTX chief Sam Bankman-Fried has formally withdrawn a Rule 33 motion seeking a new trial in his criminal case, a development that sits alongside the ongoing direct appeal of his conviction and sentence. The procedural maneuver underscores the complexity of post-trial relief in a high-profile crypto-firm collapse and highlights how federal courts manage pro se filings in tandem with formal appeals. Bankman-Fried was convicted of fraud and related charges tied to the misuse of customer funds and was subsequently sentenced to 25 years in prison. He is currently incarcerated at the Federal Correctional Institution in Lompoc, California.
In a Wednesday filing with the U.S. District Court for the Southern District of New York, Bankman-Fried responded to a March 23 order from Judge Lewis Kaplan that asked whether he had received any assistance from lawyers for a pro se motion. The order followed prosecutors’ questions about whether he had filed for an extension of his Rule 33 motion on his own, and after his mother, Barbara Fried, submitted a letter on his behalf—though she lacked standing. Bankman-Fried stated that he authored the letter but consulted with his parents because the matter concerns both of them. According to Cointelegraph, the letter was publicly posted on the docket on Wednesday.
“I am the author of this letter, but did consult with my parents about it, since it concerns both of them,” he wrote, adding: “As I have had to focus on responding to these questions rather than drafting a response to the prosecution’s opposition, and because I do not believe I will get a fair hearing on this topic in front of you, I am now requesting to withdraw the Rule 33 motion, without prejudice to renewing it after my direct appeal and the related request for reassignment have been ruled upon.”
The filing also notes that Bankman-Fried had previously requested that a different judge decide whether to grant a new-trial relief, arguing that Kaplan demonstrated “extreme prejudice.” He remains subject to an appellate review of his conviction and sentence by the United States Court of Appeals for the Second Circuit. Neither the withdrawal of the Rule 33 motion nor the public letter appears to have altered the status of the ongoing appeal or the scheduled considerations in the Second Circuit.
Bankman-Fried’s case—once at the helm of a major crypto platform before his 2023 conviction—continues to draw attention for the procedural intricacies of post-conviction relief in financial-crime prosecutions tied to the crypto sector. The defense strategy around pro se motions, potential reassignment, and the timing of any renewed Rule 33 filing all carry implications for how similarly situated defendants may approach post-conviction relief in high-stakes crypto litigation.
Key takeaways
- The Rule 33 motion seeking a new trial has been withdrawn without prejudice to renewal after the direct appeal and potential reassignment rulings.
- The withdrawal follows a court order requiring Bankman-Fried to address whether he received legal assistance for a pro se filing and after prosecutors questioned whether he filed for an extension independently.
- The public nature of the pro se motion and related filings continues to shape the procedural landscape of Bankman-Fried’s post-conviction efforts, including potential reassignment to a different judge for future proceedings.
- Bankman-Fried remains imprisoned while the Second Circuit reviews his conviction and sentence, with no immediate change to the appellate trajectory indicated by the filings.
- Separately, Bankman-Fried has signaled a desire to seek a presidential pardon, a line of inquiry that intersects with political considerations surrounding crypto enforcement and regulatory policy.
Procedural developments in the SDNY case
The core of the latest filings centers on Rule 33 of the Federal Rules of Criminal Procedure, which governs motions for a new trial. By withdrawing the pro se motion, Bankman-Fried preserves his right to pursue post-trial relief at a later stage, provided the direct appeal and any requested reassignment advance. The court’s March order—prompted by questions from prosecutors about self-representation in the motion—highlights the careful scrutiny federal judges apply to pro se requests in high-profile cases where the government has raised concerns about the basis and timing of relief efforts.
Bankman-Fried’s legal strategy has frequently referenced the possibility of procedural remedies beyond the direct appellate route. The defendant had previously urged that a different judge oversee the motion, alleging that Kaplan’s conduct could prejudice the proceedings. The record indicates that, while the defendant and his representatives have sought to challenge procedural aspects, the substantive grounds of his conviction remain the central issue on appeal. The public docket release of the letter underscores the transparency expectations in cases of such notoriety, and it frames the ongoing dialogue between defense, prosecution, and the court on how to handle post-conviction requests.
Appeals trajectory and potential case reassignment
The Second Circuit remains the focal point for Bankman-Fried’s efforts to overturn his conviction and sentence. The appellate review assesses the sufficiency of the evidence, the conduct of the trial, and the integrity of the proceedings, among other considerations. The current withdrawal of the Rule 33 motion does not conclude the post-trial relief discussion, as a renewed motion could be pursued after the appellate process and any reconsideration of judicial assignments. The fact pattern here illustrates how a defendant may compartmentalize different post-trial avenues—an immediate appeal, a potential new-trial motion, and a potential reassignment—without all being resolved simultaneously.
The procedural arc also reflects broader regulatory and enforcement themes in crypto-related cases. Courts have increasingly grappled with how to manage complex financial-law claims connected to digital assets, with outcomes bearing implications for how firms structure governance, risk controls, and executive accountability within the sector. The SBF case, in particular, continues to inform debates about the boundaries of post-conviction relief in tech-enabled financial markets and the extent to which procedural vehicles can be used to challenge or refine prosecutions in crypto-adjacent offenses.
Public pardon discourse and broader political context
Beyond the courtroom, Bankman-Fried has publicly signaled interest in seeking a presidential pardon, a possibility he has discussed in interviews and on social platforms. Such actions intersect with political narratives around crypto regulation and enforcement. Bankman-Fried has claimed that statements by individuals associated with the federal government affected witnesses, a line that aligns with his broader public posture regarding the trial process. He has also posted public remarks praising former President Donald Trump’s cryptocurrency policies and expressing support for Trump’s broader policies in certain geopolitical areas.
High-profile political stances in relation to crypto enforcement can influence regulatory expectations and political risk for crypto firms and investors, even though they do not determine the outcomes of criminal proceedings. Trump, for his part, has publicly indicated that he would not pardon Bankman-Fried, a stance reported in major outlets and part of the public discourse surrounding post-conviction possibilities. The interplay between executive clemency discussions, ongoing legal challenges, and regulatory oversight underscores how political developments may intersect with legal processes in crypto markets.
In sum, Bankman-Fried’s latest filings reveal a cautious approach to post-trial relief, while maintaining a broader strategy that includes appellate review and potential reconsideration of procedural avenues. The case continues to serve as a touchstone for regulatory policy, enforcement actions, and the evolving framework governing crypto entities and their leadership in an era of intensified oversight.
Looking ahead, observers will monitor the Second Circuit’s handling of the direct appeal and any renewed Rule 33 motion, as well as any developments related to reassignment procedures. The unfolding sequence will contribute to the jurisprudence shaping post-conviction relief in crypto-related prosecutions and will inform institutional compliance practices as regulators adapt to a rapidly evolving market structure.
Key points:
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Bitcoin’s rise above the $78,333 resistance opens the door for a rally to $84,000.
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Several major altcoins are attempting to rise above their resistance levels, signaling aggressive buying at lower levels.
Bitcoin (BTC) rallied above $79,000, indicating that the bulls are back in the game. Crypto market intelligence platform Decode said in a post on X that BTC was ready for a short squeeze, waiting for the bulls to light a fuse in a loaded cannon.
Select analysts expect the current relief rally to pick up strength. CryptoQuant analyst CW8900 said in a post on X that BTC’s adjusted Net Unrealized Profit/Loss (NUPL), the difference between total profits and losses currently held by investors, has turned positive. That suggests BTC’s downtrend has ended and the “real rally of this cycle has begun.”
The sharp recovery off the $60,000 level has pushed the Bitcoin Bull Score Index (BSI) into neutral territory for the first time since the bear market began. However, there was a word of caution from CryptoQuant contributor Julio Moreno, who said in a post on X that the BSI had entered neutral territory for a week during March 2022 but had resumed its decline later.
Could BTC and select major altcoins extend their recovery? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
BTC turned up from the 20-day exponential moving average ($73,758) on Monday and rose above the $78,333 level on Wednesday, indicating an advantage to the bulls.
If the BTC price remains above the $78,333 level, the likelihood of a rally to $84,000 increases. Such a move suggests that the BTC/USDT pair may have bottomed out at $60,000.
The 20-day EMA is the critical level to watch out for on the downside. Sellers will have to pull the price below the 20-day EMA to invalidate the bullish setup. The pair may then collapse to the 50-day simple moving average ($70,934).
Ether price prediction
Ether (ETH) rebounded off the 20-day EMA ($2,273) on Monday, indicating a change in sentiment from selling on rallies to buying on dips.
The upsloping moving averages and the RSI in the positive zone signal that the path of least resistance is to the upside. If buyers clear the $2,465 hurdle, the ETH/USDT pair may surge toward the resistance level and then toward $2,800.
The first sign of weakness will be a break and close below the 20-day EMA. That signals the bulls are booking profits. The ETH price may then slump to the 50-day SMA ($2,157) and later to the support line.
XRP price prediction
XRP (XRP) turned up from the moving averages on Monday, indicating that the bulls are viewing the dips as a buying opportunity.
Buyers will attempt to push the XRP price to the downtrend line of the descending channel pattern, where the bears are expected to sell aggressively. If the price turns sharply down from the downtrend line, it suggests that the XRP/USDT pair may spend more time inside the channel.
Buyers will get back into the driver’s seat if they propel and sustain the price above the downtrend line. The pair may then climb to the $2 level, signaling a short-term trend change.
BNB price prediction
BNB (BNB) turned up from the 20-day EMA ($623) on Monday and rose above the $649 resistance on Wednesday.
If buyers sustain the price above $649, the BNB/USDT pair may surge toward $687. Sellers are expected to mount a strong defense at $687, but if the bulls pierce the resistance, the recovery may extend to $790.
On the other hand, if the BNB price turns sharply lower from the overhead resistance and breaks below the moving averages, it suggests the pair may remain within the $687 to $570 range for a while longer.
Solana price prediction
Solana (SOL) continues to trade near the moving averages, indicating a balance between supply and demand.
If the price rises above $91, the SOL/USDT pair may climb to the overhead resistance at $98. Sellers are expected to fiercely defend the $98 level, but if the bulls prevail, the uptrend may reach $117.
Alternatively, if the SOL price turns down from the overhead resistance and breaks below the moving averages, it suggests that the range-bound action may extend for a few more days.
Dogecoin price prediction
Dogecoin (DOGE) turned up from the moving averages on Monday, indicating that the bulls are attempting a comeback.
The DOGE price may rise to the psychological level of $0.10, where the bears are expected to step in. However, if buyers do not give up much ground to the bears, the prospects of a rally to the $0.12 overhead resistance increase.
Time is running out for the bears. They will have to swiftly pull the price back below the $0.09 level to retain the advantage. If they do that, the DOGE/USDT pair may slump to the Feb. 6 low of $0.08.
Hyperliquid price prediction
Hyperliquid (HYPE) bounced off the 50-day SMA ($38.41) on Tuesday, indicating that the bulls are buying the dips.
The 20-day EMA ($40.90) is flattening, and the RSI is near the midpoint, indicating weakening bullish momentum. That increases the likelihood of a range formation in the near term.
The 50-day SMA is the crucial support to watch out for on the downside, as a close below it may deepen the pullback to $34.45. On the upside, bulls will need to push the HYPE/USDT pair above $45.77 to signal a resumption of the uptrend.
Related: ‘Powerful move’ looms for Bitcoin price, says Bollinger Bands indicator
Cardano price prediction
Cardano (ADA) has risen to the stiff resistance zone between the 50-day SMA ($0.26) and the downtrend line.
If buyers push and sustain the ADA price above the downtrend line, it signals a potential short-term trend change. The ADA/USDT pair may then rally to $0.32, then to $0.37.
On the other hand, if the price turns sharply down from the downtrend line and breaks below the $0.22 level, it suggests the pair may remain within the descending channel for some time.
Bitcoin Cash price prediction
Bitcoin Cash (BCH) has broken above the 50-day SMA ($454), indicating solid demand at lower levels.
The moving averages are on the verge of a bullish crossover, indicating that the bulls have the upper hand. Buyers will attempt to strengthen their position by pushing the BCH price above the $486 resistance. If they succeed, the BCH/USDT pair may rally to $520.
Contrary to this assumption, if the price turns down from the current level or the overhead resistance and breaks below the moving averages, it suggests that the pair may form a range for some time.
Monero price prediction
Monero (XMR) surged and closed above $382 on Tuesday, but bulls are struggling to sustain the gains.
If the price remains above the $382 level, the XMR/USDT pair may initiate a new uptrend toward the pattern’s target of $462.
Contrary to this assumption, if the XMR price closes below $382, it suggests that the bears are selling on rallies. The pair may then pull back to the moving averages, which are likely to act as strong support. If the price rebounds off the moving averages, the bulls will again attempt to initiate the uptrend.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
Crypto World
Trump-linked American Bitcoin’s shares rise by over 12% after deploying nearly 11,300 more rigs
American Bitcoin (ABTC), a mining and treasury firm tied to the family of U.S. President Donald Trump announced on Wednesday it had added nearly 11,300 bitcoin mining rigs at its Drumheller site. The news caused its share price to rise by about 12% to $1.38.
The firm said the miners were fully deployed at its facility in Alberta, Canada, increasing its fleet of ASICs (application-specific integrated circuits) to roughly 89,242. It also said that the new bitcoin mining rigs contribute an incremental 3.05 exahash per second (EH/s) at an efficiency of 13.5 joules per terahash (J/TH) to its current operational fleet.
This high efficiency rating (13.5 J/TH) is critical because it lowers the company’s electricity cost per coin, allowing ABTC to remain profitable even as rising network difficulty makes Bitcoin harder to mine, the firm explained in its statement. “Scaling hashrate is one of the ways we strengthen our position in Bitcoin,” the firm said.
“Bringing these miners online at Drumheller reflects exactly how we intend to lead: moving quickly, allocating capital with discipline, and growing our Bitcoin exposure efficiently at institutional scale,” said Eric Trump, co-founder and chief strategy officer at American Bitcoin, in a statement.
The American Bitcoin statement added that the new units at Drumheller represent the operational completion of a fleet expansion first announced on March 3, 2026, a sign that the company has decided to double down on bitcoin mining operations even as several other miners pivot capital and infrastructure to artificial intelligence and AI data centers.
On March 18, American Bitcoin raised its BTC holdings to 6,899, becoming the 16th-largest bitcoin holder, overtaking Mike Novogratz’s Galaxy Digital. By March 30, the Trump-backed firm raised its BTC treasury to 7,000.
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US Labor Secretary Lori Chavez-DeRemer has resigned from the Trump administration amid an active inspector general investigation into misconduct allegations, making her the third cabinet member to depart during the president’s second term.
Summary
- Labor Secretary Lori Chavez-DeRemer resigned on April 21 amid an inspector general investigation into alleged travel fraud, an inappropriate relationship with a security staffer, and other misconduct.
- Deputy Labor Secretary Keith Sonderling has been named acting secretary while Trump’s team determines a permanent replacement.
- Her departure is the third cabinet exit of Trump’s second term, following former Homeland Secretary Kristi Noem and former Attorney General Pam Bondi.
Lori Chavez-DeRemer stepped down as US Secretary of Labor on April 21, with the White House announcing she would be moving to the private sector. NBC News reported that Chavez-DeRemer had been facing a probe from the Labor Department’s inspector general over allegations including travel fraud, an alleged affair with a member of her security team, and other conduct concerns. Her attorney said the resignation “is not the result of legal wrongdoings” and described it as a personal decision.
Labor Secretary Resignation Adds to Trump’s Cabinet Instability
The inspector general investigation had already claimed multiple senior Labor Department staffers, with Chavez-DeRemer’s chief of staff and deputy chief of staff both leaving in March after being placed on administrative leave. A formal interview between Chavez-DeRemer and the inspector general’s office had been scheduled for the week of her resignation, according to NBC News. Chavez-DeRemer pushed back against the circumstances of her departure in an X post on Monday, writing that the allegations against her “have been peddled by high-ranked deep state actors” coordinating with media to undermine Trump’s agenda. White House communications director Steven Cheung said she “has done a phenomenal job in her role by protecting American workers.”
Sonderling Steps In as Acting Secretary
Deputy Labor Secretary Keith Sonderling, who had already been running much of the department’s day-to-day operations, has been named acting secretary. Sonderling has been a central figure in the administration’s push to open 401k retirement plans to alternative assets including digital assets. The White House had previously cleared a Labor Department rule proposal that could expand crypto access in retirement plans, a process Sonderling is expected to continue overseeing. The Trump administration’s executive order directing the Labor Department to reassess restrictions on alternative assets in defined-contribution plans remains active, and the department had already withdrawn the Biden-era guidance that urged fiduciaries to exercise extreme caution around crypto in 401k portfolios.
The Broader Pattern of Cabinet Departures
Chavez-DeRemer’s exit follows those of former Homeland Secretary Kristi Noem, who was fired in March after criticism over immigration enforcement, and former Attorney General Pam Bondi, who left the following month amid frustration over her handling of the Jeffrey Epstein files. All three departing secretaries were women. The pace of senior departures adds pressure on the administration heading into the 2026 midterm cycle, and raises questions about stability within departments managing significant regulatory agendas. The Labor Department’s role in shaping crypto-accessible retirement investment rules means Sonderling’s leadership there carries direct implications for the digital asset industry, as the 401k rule heads toward its public comment period.
Trump has not yet indicated who he intends to nominate as a permanent replacement for Chavez-DeRemer at the Labor Department.
Crypto World
Kalshi flags more insider trading cases, including politician who appeared on FBoy Island
Kalshi, one of the leading prediction market firms, has issued another set of insider-trading disciplinary actions against users accused of making improper trades based on their inside knowledge of their own political situations, including an ex-reality TV star in Virginia who said he did it intentionally.
“Cases like these demonstrate Kalshi’s commitment to policing all types of unfair or improper trading on our platform,” the company said in a statement posted on its website on Wednesday. “Regardless of the size of a trade, political candidates who can influence a market based on whether they stay in or out of a race violate our rules.”
Two of the cases were said to admit they were in the wrong, and Kalshi — a trading platform regulated by the Commodities Futures Trading Commission — said they received a more modest response than the Virginia politician who defied the process. These are the three:
- Mark Moran, a former investment banker and participant on HBO’s Fboy Island, said in a Wednesday post on social media site X that he placed the Kalshi bet on his own candidacy in the Virginia U.S. Senate race to expose the company for “destroying young men” and pretending to care about enforcement. “As senator, I will go after Kalshi and impose significant penalties on them — 25% — a vice tax — to pay down our national debt.”Kalshi imposed a five-year suspension, $6,229 fine and disgorgement of any profits, noting: “As a candidate, Moran qualified as a direct decision maker for this contract and had direct influence on the outcome of the underlying event.”
- Matt Klein, a state lawmaker who is running as a Democrat for a U.S. House seat in Minnesota, also made a bet on his own candidacy, but he settled with Kalshi, accepting a 5-year suspension and a $540 penalty.Kalshi concluded that “Klein cooperated with the inquiry into this trading activity and agreed to finally resolve this matter by accepting the Compliance Department’s conclusions, paying a financial penalty, and accepting a restriction from trading on the exchange.”
- Ezekiel Enriquez, like Klein a candidate for a U.S. House seat, was accused of betting on the details of his own election in Texas. The conservative Republican and supporter of President Donald Trump was said to cooperate similarly with Kalshi and was given a 5-year suspension and $784 fine.
Kalshi’s rules are set out in its website’s compliance section. While it’s not detailed in the firm’s member agreement, fines and suspensions like those given in these latest cases are detailed within Kalshi’s corporate “rule book,” and the determination of penalties lets the company fine a member at a level “sufficient to deter recidivism” — meaning enough to keep people from doing it again.
The company had begun publicly announcing insider-trading matters with the February exposure of cases that included a producer of the popular online entertainer, Mr. Beast. The CFTC has praised the platform for being a front-line enforcer, though the agency has noted that such cases could also trigger federal enforcement.
The events-contract industry has been under tight scrutiny during its explosive rise in popularity. The businesses are still wrestling with doubts from prominent critics that they can manage contracts without insider abuse.
Kalshi, in particular, has also been at the forefront of legal clashes with state regulators and law enforcement officials over whether its activity is legally permissible in their states. CFTC Chairman Mike Selig has come to the industry’s aid by insisting that the activity belong solely under the federal regulator’s jurisdiction, and he’s begun fighting that point in court.
Read More: MrBeast editor nabbed by prediction market firm Kalshi for alleged insider trading
Robinhood Ventures Fund I (RVI), a publicly traded closed-end fund that offers retail investors exposure to private equity investments, has taken a notable step into tokenized wealth access by investing $75 million in OpenAI. The move, announced by RVI on Wednesday, pairs a traditional equity holding with Robinhood’s experiment in tokenized private equity, using the stock as the underlying asset for venture tokens designed to give Robinhood clients price exposure to OpenAI.
According to RVI president Sarah Pinto, the investment ranks among the fund’s largest to date and underscores a broader strategy to democratize access to private markets through tokenized vehicles. The tokens are intended to provide retail investors with a pathway to track and participate in the upside of private equity-style bets, even if they do not hold direct ownership in the underlying companies.
Market reaction to the news reflected investor enthusiasm for RVI’s positioning, with shares trading more than 14% higher on Wednesday, around $27.85 per share, according to Yahoo Finance data.
Key takeaways
- RVI allocates $75 million to OpenAI, using the stock as the asset underlying Robinhood’s private equity tokens intended for retail buyers.
- The investment marks one of RVI’s largest to date and signals growing interest in tokenized access to private markets.
- OpenAI tokens distributed by Robinhood do not represent OpenAI equity; OpenAI states it did not partner with Robinhood on this and did not approve any equity transfer.
- Industry voices warn that tokenized private equity instruments differ from actual shares, with token holders lacking direct ownership rights or claims on assets.
- Regulatory questions persist about the rights of token holders and how price exposure via tokens should be interpreted relative to traditional private equity investments.
RVI’s tokenized private equity bet and what it means for retail investors
The core idea behind the arrangement is to enable Robinhood clients to gain price exposure to OpenAI through venture tokens tied to the company’s common stock. In essence, the fund uses the stock as a reference asset to back a blockchain-based instrument that behaves like a publicly traded derivative of private equity access, rather than directly granting equity itself. Pinto framed the launch as a step toward broader accessibility, suggesting that tokens can help unlock participation in otherwise illiquid markets for everyday investors.
Robinhood’s broader program has included tokenized versions of private equity assets as part of its ongoing exploration of tokenized financial products. The OpenAI purchase through RVI adds a new layer: a publicly traded fund committing capital to a private asset class while offering retail clients a tokenized exposure vehicle that is not equity in the company itself. For investors, this creates a potential price link to OpenAI’s prospects without the voting rights, governance participation, or direct asset claims associated with actual stock ownership.
Regulatory and legal questions surrounding tokenized private equity
The arrangement has reignited questions about what token holders actually own when they hold private equity-backed tokens. Financial technology practitioners have stressed that such tokens, while linked to the performance of private companies, do not confer traditional ownership rights or access to corporate assets or internal information. John Murillo, chief business officer of fintech services company B2BROKER, told Cointelegraph that investors should understand they do not hold “actual shares” in the represented companies. He noted that, while payouts may be possible if underlying shares appreciate, the tokens are financial instruments created by a third party and do not constitute equity.
This distinction matters in practice: token holders typically have no direct claim on company assets, no voting rights, and no guaranteed visibility into private company finances. The regulatory gray zone around tokenized private equity—particularly for retail investors—has already drawn scrutiny in various jurisdictions, and the OpenAI-token situation is likely to amplify calls for clearer disclosure standards and investor protections.
The source material notes that Robinhood’s tokenized stock rollout in the European Union occurred as part of a broader move to bring tokenized trading to more markets, with OpenAI and SpaceX tokens among the initial offerings. OpenAI subsequently clarified that the tokens linked to the OpenAI name do not represent equity in OpenAI and that the company was not involved in the tokenization effort. A post from OpenAI’s communications channel stated that any transfer of OpenAI equity would require their approval, which they did not grant.
OpenAI’s stance and the evolving tokenized-equity landscape
OpenAI has been explicit in its position that the OpenAI tokens distributed through Robinhood do not correspond to equity and that the company did not partner with Robinhood on these tokens. The company’s public note emphasizes that it did not approve any transfer of OpenAI equity and urged caution around instruments that claim to represent private ownership in its stock. This stance mirrors earlier commentary in the market about the potential pitfalls of tokenized equity that does not involve formal equity transfers or recognized corporate governance rights.
From a market perspective, the episode underscores a broader tension in the crypto and tokenization space: the appetite among investors for instrumenting exposure to private assets, balanced against the need for robust protections and clear legal interpretation of what token holders actually own. Market participants, including venture token platforms and intermediary firms, continue to map out the line between price exposure and true ownership, a distinction that will shape how regulators approach tokenized private equity in the near term.
What comes next for tokenized private equity exposure
The rollout raises several questions that readers should monitor. First, how will regulators respond to retail access to tokenized private equity, and what disclosures will be required to clarify rights and remedies for token holders? Second, how will platforms reconcile the difference between token-based exposure and actual equity, particularly in terms of liquidity, payouts, and potential conflicts with existing securities laws?
Investors should also watch for further clarity from OpenAI and other token issuers about the governance and transferability provisions of tokenized exposure instruments. As tokenized access to private markets expands, the market will increasingly demand explicit consent, clear rights, and standardized disclosure to prevent misinterpretation of what token holders own or control.
In the near term, Robinhood’s ongoing dialogue with regulators and market participants will likely shape how such products are structured, priced, and marketed. The $75 million OpenAI investment through RVI marks a noteworthy milestone in this evolving space, highlighting both the potential for broader retail participation in private markets and the critical need for transparent, well-defined investor protections as tokenized instruments mature.
Readers should stay tuned for updates on regulatory guidance, product disclosures, and any subsequent moves by Robinhood, RVI, OpenAI, or other issuers as the tokenization experiment continues to unfold.
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