The movement in Meta Platforms shares is being driven by two competing narratives. On one hand, advertising revenue is benefiting from AI-based tools: the Advantage+ platform continues to support strong advertiser demand, and the analyst consensus for Q1 2026 revenue stands at around $55.5 billion—near the upper end of the company’s guidance range of $53.5–56.5 billion. On the other hand, investors remain cautious about planned capital expenditure of $115–135 billion for 2026, which is weighing on free cash flow. The company’s earnings release is scheduled for 29 April after the market close.

Technical Overview

On the 4-hour chart, price action from late January to the end of March showed clear signs of a downtrend, with the stock falling roughly 30% from $744 to $521. The rebound from this low was sharp and symmetrical, forming a clear V-shaped recovery. The return of buyers was accompanied by a notable spike in vertical volume on 8 April, after which the price moved firmly into the market profile range of $610–683.

Within this zone, momentum has slowed. The Point of Control (POC) is concentrated around $668–673. The price is currently trading between this high-volume area and the upper boundary of the profile at $683, where trading activity has been most concentrated over the period. Above current levels, the next key resistance is at $692 — the April high. Support at $594 aligns with a gap formed during the strong upward move on elevated volume. The RSI with moving averages shows readings of 62, 63, and 60. The oscillator sits between two upward-sloping moving averages, indicating that bullish momentum persists, although price action is clearly slowing near the upper edge of the volume range.

Summary

The chart structure reflects a transition from a deep correction to a recovery phase that has now encountered a dense volume barrier. Price behaviour within the $668–683 range will largely depend on the upcoming earnings release and whether the company can meet analysts’ expectations amid rising capital expenditure.

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Pi Network price rallied over 15% in the past week, outperforming a largely flat crypto market as a wave of network upgrades and event-driven catalysts boosted demand for the token.

According to data from crypto.news, Pi Network (PI) climbed from a weekly low near $0.166 to around $0.189 at press time on April 28, pushing its market cap close to $2 billion and ranking it among the top 50 crypto assets.

The latest move comes as the network successfully rolled out its mandatory Protocol 22.1 mainnet upgrade on Monday. The upgrade is aimed at improving scalability and transaction throughput, a key requirement as the ecosystem prepares to support more complex decentralized applications.

Investor sentiment has also strengthened ahead of the upcoming Protocol 23 upgrade, scheduled for May 11. This next phase is expected to introduce full smart contract functionality, marking a major shift for Pi from a simple peer-to-peer transfer system to a programmable Web3 platform.

At the same time, the project’s visibility has increased following confirmation that it will participate as an official sponsor at Consensus 2026 in Miami, set to take place between May 5 and May 7. The scheduled appearances of co-founders Nicolas Kokkalis and Chengdiao Fan have helped renew retail interest, particularly across social media platforms.

Supply-side dynamics have further supported the rally. On-chain data shows a decline in token unlocks toward the end of April, reducing immediate selling pressure and allowing fresh demand from the upgrade narrative to have a stronger impact on price action.

Pi Network price analysis

On the daily chart, Pi Network price is attempting to reclaim the $0.19–$0.20 resistance zone after spending most of April consolidating near the $0.16–$0.18 range. The recent breakout attempt follows a period of compression, suggesting that volatility is beginning to expand again.

The chart also shows that PI price has flipped back above the Supertrend indicator, which has now turned green. This shift typically signals a short-term trend reversal in favor of buyers and indicates that bullish momentum is building.

Momentum indicators are also starting to align with the price action. The MACD has moved into positive territory, with the signal lines crossing upward and histogram bars turning green, pointing to strengthening upside momentum after weeks of muted activity.

From a pattern perspective, traders are closely watching the formation of a potential double-bottom structure with a neckline around the $0.190 level. A sustained close above this resistance could confirm the breakout and open the door for a move toward $0.2045, with a further extension toward $0.22 if momentum continues into the Protocol 23 launch window.

However, caution remains warranted. Pi Network has previously shown a tendency to follow a “buy the news, sell the event” pattern around major announcements. If the price fails to hold above $0.19, it could slip back toward the $0.17 support zone, with a deeper pullback potentially retesting the $0.165 level.

For now, the short-term bias remains tilted to the upside as long as the token holds above its recent support and the positive news flow continues through early May.

Developers behind a new wallet product say they have found a way to tackle quantum computing risks using a smart contract layer that runs alongside Bitcoin without requiring any change to the network itself.

Postquant Labs unveiled Quip Network’s post-quantum bitcoin BTC$75,723.58 wallet Tuesday, the company told CoinDesk in an email. The product runs on Arch Network, a system that lets developers build smart contracts anchored directly to Bitcoin rather than on a separate chain or through wrapped tokens.

Quip uses that infrastructure to add a post-quantum signature scheme called WOTS+, short for Winternitz One-Time Signature, on top of Bitcoin’s existing security. WOTS+ is a tested cryptographic technique that does not rely on the elliptic curve math a quantum computer could break.

By using a “Layer 2” — shorthand for a separate network built on top of Bitcoin that processes transactions and settles back to the main chain—developers can add features without changing Bitcoin’s base layer.

“The Bitcoin community has delayed a fix for years, despite Satoshi himself discussing the quantum problem,” Postquant Labs CEO Colton Dillion said in a statement to CoinDesk. “Developers say any protocol upgrade could take 5 to 10 years, but with Quip’s approach, we provide similar protection immediately.”

Bitcoin’s quantum readiness

The launch arrives in the middle of an active fight over how Bitcoin should respond to quantum risk.

Prominent developer Jameson Lopp and five others proposed BIP-361 two weeks ago, which would phase out quantum-vulnerable addresses on a fixed five-year timeline and freeze coins that fail to migrate, including the roughly 1.1 million bitcoin attributed to pseudonymous creator Satoshi Nakamoto.

Paul Sztorc’s controversial eCash hard fork would copy Bitcoin’s chain and ship seven sidechains including a quantum-resistant one, funded partly by reassigning Satoshi-pattern coins on the new ledger to investors.

Both proposals have drawn pushback from the community.

Quip’s pitch is that neither approach is necessary. The setup requires no soft fork, no consensus change, no community vote. A soft fork is a Bitcoin upgrade that tightens existing rules so older software still works, but it still needs broad miner and node support to activate. Bitcoin’s last major soft fork was Taproot in 2021. The next one, if it happens, could take years.

Technical trade-offs

The three approaches actually disagree on something specific. Lopp’s argument is that Layer 2 protection like Quip’s is insufficient because Bitcoin mainnet public keys still leak the moment a user broadcasts a transaction, giving a future quantum attacker a target.

There are a few caveats, however. The wallet app launches next week rather than today. A third-party audit is underway but not complete. Quip’s quantum-resistant accounts already exist on Ethereum and Solana, but the Bitcoin deployment is new and Arch Network is still relatively early infrastructure.

Postquant Labs CTO Dr. Richard Carback, a long-time collaborator with eCash inventor Dr. David Chaum who now advises the project, said the approach narrows the window for a quantum attack to as little as two blocks, roughly 20 minutes.

(David Chaum’s eCash is the original digital cash protocol from 1983, the academic foundation for ‘blind’ signatures and privacy-preserving electronic money. It predates Bitcoin by 25 years and has nothing to do with Bitcoin or the eCash proposal by Sztorc.)

Sztorc’s argument is that incremental patches are exactly why Bitcoin needs a clean fork with quantum resistance built in from the start. The Layer 2 approach, which now includes Quip and Blockstream’s hash-based signature work on the Liquid Network, argues both other positions overreact to a threat that better infrastructure can handle without changing Bitcoin itself.

Which approach wins depends partly on how fast quantum computers actually arrive. The Bitcoin holders most worried about quantum risk have historically been the same group most resistant to wrapped or smart-contract-anchored products.

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.