Ether (ETH) analysts have mapped out key ETH price levels to watch over the next few weeks, with a focus on the $2,000 psychological level.

Key takeaways:

• Dropping below the 200-day simple moving average at $2,220 could confirm more downside for Ether.
• ETH faces stiff resistance at $2,400, a level that must be reclaimed by the bulls.

Ether price stuck between two key levels

Data from TradingView showed the ETH/USD pair trading below $2,300, down 5% over the last two days and erasing all gains made over the weekend. 

This meant that the price remained wedged between the 100-day exponential moving average at $2,350 and the 100-day simple moving average (SMA) at $2,220, as shown in the chart below.

This suggested that Ether could consolidate within these trend lines for a few more days before a decisive move.

Telegram trading resource Technical Crypto Analyst said that after losing the support trendline at $2,300, “we can probably expect Ethereum to drop, and it might even hit the lower support level in the next few days,” adding: 

“A solid breakdown with good volume would confirm this.”

ETH/USD daily chart. Source: Cointelegraph/TradingView

The analyst was referring to two immediate support zones: the $2,200 area, where the 50-day and 100-day SMAs converge, and the psychological level at $2,000.

“ETH has dropped below the $2,300 level,” said fellow analyst Ted Pillows in a Tuesday post on X, adding:

“The next crucial support zone is $2,200 which could be a level for a short-term bounceback.”

A key buy zone to watch below that is the $1,800-$1,750 area, which aligns with the multi-year low reached on Feb. 6.

In a recent post on X, trader Daan Crypto Trades said that the key levels to watch were $2,100 as support and the resistance at $2,800, which ETH price has “respected” well over the past few years.

ETH/USD daily chart. Source: X/Daan Crypto Trades

As Cointelegraph reported, a daily close below the moving averages around $2,200 would bring the next line of defense at $2,000 into focus.

Ethereum price must reclaim $2,400 to continue recovery

As Cointelegraph also reported, Ether’s bullish case hinges on flipping the resistance at $2,400 into support, where the realized price currently is.

“This is a very important psychological factor,” CryptoQuant analyst CW8900 said in a recent X post, adding:

“Breaking through that line signifies that whales are transitioning to a profitable position.”

ETH realized price. Source: CryptoQuant

With whales back in a profitable position, it would “provide grounds for their buying power to become stronger,” the analyst added.

Related: Ethereum’s EEZ could pull other blockchains into its orbit

Meanwhile, Ether’s liquidation map reveals that a break above $2,400 would trigger over $1.94 billion in short liquidations across all exchanges.

ETH exchange liquidation map. Source: CoinGlass

This means a significant amount of bearish bets risk liquidation on a move higher, opening the way to a sharper upward cascade if the recovery resumes.

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Galaxy Digital (GLXY) narrowed its first-quarter loss as a shift in business mix and tighter financial management outweighed a decline in cryptocurrency prices.

The company lost $216 million, or 49 cents a share, less than the 59 cents estimated by analysts. Revenue dropped to $10.2 billion from $12.9 billion in the year-earlier quarter.

The company is increasingly focusing on the growing demand for data centers, and this month delivered its first data hall at the Helios campus in Texas to CoreWeave (CRWV), marking the start of revenue under a long-term lease tied to artificial intelligence workloads.

“Adjusted gross profit remained broadly stable, reflecting a shift in the business mix as recurring fee revenue and transaction income continue to scale and provide greater resilience in softer market conditions,” the company said in a statement. “Disciplined expense management during the quarter helped narrow the adjusted EBITDA loss, underscoring a focus on operating efficiency in more challenging environments.”

The Helios facility is set to deliver 133 megawatts of computing power by the end of the second quarter. The company also secured approval for an additional 830 megawatts of power at the site, bringing total capacity to more than 1.6 gigawatts.

GLXY shares fell for a second day, and were recently 0.84% lower at $24.84.

Stablecoin monthly transfer volume fell by nearly 20% over the past 30 days, even as the market’s total supply and holder count continued to rise. 

According to data from RWA.xyz, 30-day stablecoin transfer volume dropped 19.18% to $8.31 trillion as of April 28, while stablecoin market capitalization rose 2.06% to $305.29 billion over the same period. The number of stablecoin holders also increased by 2.32% to 246.94 million, while monthly active addresses edged up 0.26% to 51.28 million.

The divergence suggests that stablecoin growth is not translating evenly into onchain activity. While more capital appears to be sitting in dollar-denominated crypto assets, fewer dollars are being moved across blockchains compared with 30 days earlier. 

The 30-day net flows were led by Tether’s USDT, which added $3.6 billion, followed by Circle’s USDC with $2 billion and MakerDAO’s DAI with $1.2 billion. Ethena’s USDe saw the largest net outflow at $1.1 billion, while Paxos’ PYUSD recorded $509 million in net outflows. 

30-day stablecoin net flows as of April 28, 2026. Source: RWA.xyz

Stablecoin momentum cools after stronger network activity

The decline in broader stablecoin transfer volume comes after stronger stablecoin activity was flagged on some of the major blockchain networks for stablecoins. 

In its Q2 Signals Report, asset manager Fidelity cited Coin Metrics data showing that Ethereum’s stablecoin transfer values had recently exceeded historical averages, with transfer value over the past 12 months surpassing $18 trillion.

Aggregate stablecoin transfer volume. Source: Fidelity

Fidelity said the trend suggested network utility persisted even as crypto prices remained under pressure. The company said the increase may signal that stablecoins are being used for payments, settlement and onchain access to the dollar, regardless of broader market sentiment. 

Related: Stablecoin inflows rebound to $1.7B as Washington battles over yield rules

Solana showed a similar, though smaller, trend. Citing Coin Metrics data, Fidelity showed that Solana consistently processed over $5 billion in stablecoin volume, while its 30-day average transfer volume increased from $6.7 billion to $7.2 billion as of March 31. 

Fidelity said the data suggest that Solana may be moving toward more mainstream financial activity after being closely associated with memecoin trading. 

Magazine: AI-driven hacks could kill DeFi — unless projects act now

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Key Highlights

• AI chip design momentum propels Cadence Q1 revenue and backlog expansion

• CDNS shares dip in pre-market trading despite solid Q1 performance

• Company elevates full-year 2026 projections following robust first quarter

• Backlog reaches $8 billion milestone as AI design tools gain traction

• New AI-powered design platforms contribute to margin expansion and earnings growth

Cadence Design Systems (CDNS) delivered impressive first-quarter financial results powered by surging demand for artificial intelligence chip design solutions. The company’s backlog expanded significantly while management upgraded forward guidance. CDNS shares finished the regular trading session at $336.54, gaining 1.10%, though pre-market activity saw the stock retreat to $334.63, declining 0.61%. Results demonstrated momentum across multiple business segments including software platforms, hardware systems, intellectual property, and system design solutions.

Cadence Design Systems, Inc., CDNS

Strong Revenue Performance Driven by AI Design Tools

Cadence announced first-quarter 2026 revenue totaling $1.474 billion, representing significant growth from the $1.242 billion recorded during the comparable period last year. This advancement stemmed from heightened customer demand for electronic design automation platforms serving chip development and system design sectors. Despite solid quarterly performance, early trading activity following the announcement displayed modest downward pressure.

The company’s GAAP operating margin came in at 29.3%, marginally exceeding the 29.1% achieved in the first quarter of 2025. Meanwhile, non-GAAP operating margin expanded to 44.7%, up from 41.7% year-over-year. This margin improvement demonstrated enhanced operational efficiency and favorable product mix dynamics.

On the earnings front, GAAP diluted earnings per share climbed to $1.23 versus $1.00 in the prior-year quarter. Non-GAAP diluted earnings per share advanced to $1.96 from $1.57. Therefore, Cadence posted simultaneous expansion in both top-line revenue and bottom-line profitability.

Substantial Backlog Reinforces Full-Year Projections

Cadence concluded the quarter with total backlog reaching $8.0 billion. Additionally, the company anticipates generating $4.0 billion in revenue from remaining performance obligations within the coming 12 months. This substantial backlog position provides enhanced revenue visibility and demand predictability.

Leadership elevated the company’s 2026 revenue guidance to reflect 17% year-over-year expansion at the midpoint. Cadence currently projects full-year revenue falling between $6.125 billion and $6.225 billion. The firm anticipates non-GAAP operating margin landing in the 43.5% to 44.5% range.

Additionally, Cadence forecasts GAAP diluted earnings per share between $4.39 and $4.49 for the full year. Non-GAAP diluted earnings per share guidance spans $7.85 to $7.95. As a result, Cadence approaches the remainder of 2026 with strengthened earnings confidence.

New AI Platform Introductions Accelerate Growth Trajectory

Cadence unveiled AgentStack throughout the quarter as a cornerstone element of its artificial intelligence design ecosystem. This framework facilitates knowledge integration across chip design, 3D integrated circuit development, and system-level design processes. Furthermore, it unifies Cadence’s comprehensive design tool portfolio into a cohesive operational architecture.

The organization also released ViraStack targeting analog and custom design applications. Additionally, InnoStack was introduced for digital implementation and design signoff workflows. Combined with the existing ChipStack platform, Cadence now addresses an expanded spectrum of chip development stages.

Core electronic design automation revenue advanced 18% year-over-year reflecting robust customer engagement. Hardware revenue achieved a quarterly record, propelled by artificial intelligence and high-performance computing applications. Intellectual property revenue surged 22%, while system design and analysis revenue posted 18% growth.

 

Core Scientific is driving a transformative shift in its business model, planning to convert its Pecos, Texas campus into a high-density AI-focused data center complex that could reach up to 1.5 gigawatts of gross power capacity. The company said that roughly 1 GW of that capacity would be available for leasing, signaling a move beyond traditional cryptocurrency mining toward AI compute infrastructure amid growing demand for data center capacity.

In a press release issued on Monday, Core Scientific outlined the transition as part of its strategy to differentiate its buildout of next-generation AI infrastructure using its in-house engineering capabilities. The project’s initial data hall has completed foundational work and is moving into vertical construction, with the company targeting first capacity in early 2027. Core Scientific noted that about 300 megawatts of power at the Pecos site, previously allocated to Bitcoin mining, are being repurposed for the new data center operations.

The expansion is supported by new power agreements, including an additional 300 megawatts secured under contract with the local utility provider, and land acquisitions to support scale. Core Scientific said it has acquired more than 200 acres in the Pecos area to accommodate the buildout.

The company also disclosed a broad financing plan to fund the expansion, revealing plans to raise approximately $3.3 billion through senior secured notes due 2031, intended to finance data center development across multiple states including Georgia, Texas, North Carolina and Oklahoma. This follows a separate $1 billion senior credit facility secured from Morgan Stanley in March, underscoring the capital-intensive path of building out AI-ready infrastructure at scale.

Core Scientific has historically derived a substantial portion of its revenue from mining digital assets, but it has gradually shifted toward offering infrastructure services. The Pecos project illustrates how miners are repurposing existing facilities to capitalize on the sustained demand for AI compute capabilities, even as the economics of mining face ongoing pressures.

Core Scientific shares have risen about 44% so far this year. Source: Yahoo Finance

Key takeaways

• Core Scientific aims to build a Pecos, Texas, data center campus with up to 1.5 GW gross capacity, roughly 1 GW of which could be leased to customers for AI workloads.
• About 300 MW of power previously used for Bitcoin mining at Pecos is being repurposed for data center operations, with the first data hall expected to deliver initial capacity in early 2027.
• The company has acquired over 200 acres in Pecos to support the build, and it has secured additional power contracts totaling about 600 MW when combined with existing arrangements.
• Financing support includes a $3.3 billion plan via senior secured notes due 2031, complemented by a $1 billion Morgan Stanley credit facility, signaling a broad push into AI-ready infrastructure across several states.

Core Scientific’s Pecos expansion: from mining to AI data centers

The Pecos plan represents a deliberate pivot from pure mining activity toward high-density AI compute, leveraging Core Scientific’s engineering expertise to design scalable, data-center-centric infrastructure. The company emphasized that the first data hall has progressed to vertical construction, with a timeline that anticipates initial capacity becoming operational in early 2027. The repurposing of roughly 300 MW of the site’s existing power load highlights a broader industry trend: crypto facilities are increasingly being repurposed to support AI workloads as demand for compute power grows beyond blockchain validation.

Adam Sullivan, Chief Executive Officer of Core Scientific, underscored the strategic rationale, stating, “We continue to leverage our deep in-house expertise to differentiate how we build and scale next generation artificial intelligence infrastructure.” This sentiment reflects a broader industry push to convert crypto-era assets into flexible, AI-forward data centers capable of housing GPU-intensive workloads, training models, and running inference at scale.

The Pecos project also includes a furniture of land assets—Core Scientific has acquired more than 200 acres—to anchor long-term expansion, aligning with plans to deploy a significant amount of capacity in a single campus. The plan to carve out roughly 1 GW for leasing aligns with a perceived demand gap in premium AI compute space, particularly for operators seeking co-location and predictable power contracts.

Funding the buildout: debt, power, and land

Financing a multi-hundred-megawatt, multi-state data center push requires patient capital. Core Scientific’s plan to raise about $3.3 billion through senior secured notes due 2031 signals a move from opportunistic opportunism to a structured capital strategy designed to sustain multi-year construction, feed-in power capacity, and support ongoing operations as customers come online. This funding plan sits alongside a $1 billion Morgan Stanley credit facility announced earlier in the year, which the company described as part of its broader financing framework to accelerate data center development across Georgia, Texas, North Carolina and Oklahoma.

Power availability remains a central constraint in the AI-data-center equation. Core Scientific’s Pecos expansion hinges on securing reliable, scalable power amid a regional energy market that has historically supported large-scale computing deployments. The company’s additional 300 MW under contract with the local utility provider helps de-risk the project, but ongoing power planning and grid coordination will be critical as the campus scales toward 1.5 GW gross capacity.

Beyond Pecos, Core Scientific’s strategy includes pursuing further expansion via behind-the-meter solutions and additional land acquisitions to sustain a longer-term growth trajectory. The company’s move mirrors a broader trend among crypto miners: diversify revenue streams by converting facilities into data centers that can host AI workloads, a market dynamic that has attracted attention from investors seeking exposure to AI compute infrastructure without the volatility of mining cycles.

A broader AI-infrastructure shift in crypto-mining

Core Scientific is not alone in this pivot. The sector has seen several peers exploring revenue streams tied to AI compute and data-center capabilities alongside their mining operations. In February, MARA Holdings disclosed the acquisition of a 64% stake in Exaion, a French infrastructure company expanding into AI services, signaling a strategic move to broaden AI-focused offerings beyond traditional mining. The broader lineup of miners—Hive, Hut 8, TeraWulf and Iren—have also signaled and undertaken steps to repurpose mining facilities into data centers or AI-focused campuses as margins in mining tighten and AI workloads proliferate. MARA’s Exaion stake is a notable example of this trend.

Related developments in the energy-to-AI transition include the reported near-term sale of idle assets in the industrial sector. Alcoa is close to selling its Massena East smelter in upstate New York to NYDIG, a deal expected to close by mid-year, as the plant has remained idle since 2014 due to high energy costs and global competition. The move aligns with a broader wave of crypto miners seeking to anchor AI data-center capacity in repurposed industrial assets. Massena East and, earlier, Century Aluminum’s Hawesville smelter sale to TeraWulf for $200 million to be converted into a high-performance computing and AI facility illustrate this trend in action. Century Aluminum Hawesville was cited in industry reporting as part of the same wave of industrial-to-AI data-center conversions.

The confluence of higher AI compute demand, capital-intensive buildouts, and the repurposing of mining infrastructure suggests a structural shift in how crypto players engage with data center economics. The trend also dovetails with broader coverage of AI data-center backbones that quietly emerged from the crypto era, underscoring how the sector’s assets are being repurposed to power the next wave of digital infrastructure. CoreWeave and related reporting have underscored these dynamics for investors looking beyond immediate mining yields.

What to watch next

As Core Scientific advances toward its 2027 capacity milestone, investors and industry observers will be watching several key factors: the pace of vertical construction at Pecos, the timing and reliability of power deliveries, and whether the leasing demand materializes at the projected scale. The financing package will also come under scrutiny as proceeds are deployed across multiple sites, with the ability to meet debt obligations and service ongoing capital needs a critical consideration for lenders and future project partners.

Beyond Core Scientific, the sector’s AI-forward pivot remains under observation. The timing of AI deployment milestones at Exaion, the integration of repurposed mining facilities into AI data centers, and the long-term profitability of these ventures will shape how crypto miners position themselves in a world where AI infrastructure investment appears increasingly attractive to both developers and institutions.

Readers should monitor updates from Core Scientific as project approvals progress, as well as any additional capital-raising moves or land acquisitions that may signal further capacity expansion across the United States.

Crypto infrastructure company Startale Group has selected Sunnyside Labs’ Privacy Boost as the official privacy partner for its Startale App, built for Soneium, a Sony-linked blockchain network. 

Startale Group said Tuesday that the integration will add self-custodial private transfer features to the app, including shielded balances, private peer-to-peer transfers and privacy-enabled payment flows on Soneium.

The move adds a consumer-facing privacy layer to Startale’s Sony-linked Soneium ecosystem as crypto apps try to give users more control over visible onchain activity while preserving compliance mechanisms for operators.

Sunnyside Labs co-founder and CEO Taem Park told Cointelegraph that selective auditability means transaction details remain hidden from the public, while authorized service operators can review them through a feature called Audit View. 

Related: Japan’s SBI VC Trade launches retail USDC lending as stablecoin use grows

He compared the system to traditional finance, in which banks can view customers’ transactions for compliance purposes. “This means AML and regulatory obligations can be met without requiring all activity to be publicly transparent. This is a fundamentally different architecture from privacy tools that obscure transactions from everyone, including the operator,” Park told Cointelegraph. 

The design leaves a key question over who ultimately controls access to private transaction data. While Privacy Boost is designed to hide transaction details from the public, its Audit View model preserves operator-level visibility for compliance purposes. That means users are relying not only on cryptography, but also on Sunnyside Labs’ controls around when and how shielded transaction records can be reviewed. 

Selective disclosure faces privacy, compliance tradeoffs

The Audit View model puts Startale’s integration in the same category as privacy systems that try to keep transaction data hidden from the public while still allowing some form of review by trusted or authorized parties.

Zcash, one of the earliest privacy-focused blockchain networks, uses zero-knowledge proofs and supports selective disclosure through viewing keys. Secret Network uses a similar access-control concept for private smart contract data, with its documentation describing viewing keys as encrypted passwords for viewing data tied to a specific smart contract and private key.

Examples of selective disclosure implementations. Source: TRM Labs

Blockchain analytics company TRM Labs said in a Feb. 19 report that transaction view keys provide “strong privacy but weak compliance utility,” particularly for high-value transfers, rapid fund movements or systemic monitoring. 

Privacy Boost’s Audit View model appears to take a different approach by giving authorized operators access to private transaction records for compliance purposes. That may make the system more practical for regulated consumer applications, but it also means disclosure is not controlled only by users.

In its findings, TRM Labs said that “No single privacy regime satisfies all stakeholder needs.” However, the company added that hybrid approaches combining visibility, access controls and limits around private-asset conversions may offer the most workable path.

Magazine: AI-driven hacks could kill DeFi — unless projects act now

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 2071.97, down 0.4% (-9.25) since 4 p.m. ET on Friday.

Eight of 20 assets are trading higher.

Leaders: APT (+1.3%) and AAVE (+0.6%).

Laggards: XLM (-1.7%) and HBAR (-0.9%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.