Shares of Figure Technology Solutions have risen nearly 10% over the past month, but the stock still appears undervalued as the company pivots beyond its roots as a fintech lender, according to Bernstein.

In a Tuesday research note, the firm reiterated its “Outperform” rating on Figure (FIGR), with a $67 price target, implying roughly 67% upside from current levels, and maintained its previous outlook.

Figure Technology Solutions (FIGR) stock. Source: Yahoo Finance

Bernstein’s thesis centers on Figure’s transition from a home equity line of credit (HELOC) originator into a broader platform spanning blockchain infrastructure and AI-driven credit markets.

A key part of that shift is tokenization — in this case, converting loans into tradable onchain assets that can settle in real time. Bernstein estimates the addressable market for tokenized credit at around $4 trillion, positioning Figure to tap into a significantly larger opportunity than traditional HELOC lending.

The note also pointed to strong momentum. Loan volumes reached $1.34 billion in April, up 108% year over year and marking the second consecutive month above $1 billion. Bernstein expects that growth to continue, projecting total loan volumes to climb to $16.5 billion by 2027 from $8.4 billion in 2025 .

Related: RedStone launches settlement layer to address RWA liquidity gap in DeFi lending

Tokenized credit market could draw from wide swath

Bernstein’s estimate of a $4 trillion addressable market refers to the total annual volume of credit origination across multiple loan categories that could eventually move onchain as tokenized assets.

That includes lending such as mortgages, auto loans, home equity lines of credit and small-business loans — segments where Figure is expanding beyond its core business.

Tokenized credit market. Source: RWA.xyz

To be sure, tokenized credit remains a small segment of the broader real-world asset (RWA) market. However, industry data shows the sector is currently valued at around $5.5 billion, highlighting the gap between today’s adoption and the longer-term growth opportunity Bernstein outlines.

Other projects are already experimenting with bringing credit onchain. Centrifuge has expanded its decentralized finance platform to include tokenized credit and US Treasury products on new blockchain networks, aiming to connect institutional-grade assets with DeFi liquidity.

Figure has moved into areas such as auto loans through its Hastra ecosystem, where tokenized credit products are designed to plug into decentralized finance and broader blockchain markets.

Related: Crypto Biz: Capital has no consensus

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.

OpenWorld moves to tokenize its equity onchain

OpenWorld is taking a significant step toward the future of capital markets by announcing plans to tokenize its equity on the blockchain. The company has entered into an agreement with Figure Technology Solutions to issue tokenized shares through its Onchain Public Equity Network (OPEN), in parallel with a proposed Nasdaq listing.

The move reflects a broader shift in financial markets as companies explore blockchain infrastructure to modernize how equities are issued, traded, and managed.

A dual listing model combining Nasdaq and blockchain

Under the proposed structure, OpenWorld aims to offer investors exposure to its shares both through traditional markets and via blockchain-based ownership on OPEN.

This dual approach could introduce new flexibility for investors, including:

• direct ownership of blockchain-based shares
• the ability to lend assets and earn yield
• cross-collateralization between crypto and equities

These features highlight how tokenization could expand the functionality of traditional financial instruments.

Real-world asset tokenization gains momentum

The agreement reinforces OpenWorld’s broader strategy around real-world asset (RWA) tokenization, a sector that continues to gain traction among institutional players.

By tokenizing its own equity, the company is effectively using its balance sheet as a test case for the infrastructure it promotes globally.

According to the company, this approach is intended to demonstrate real-world applicability to partners, including sovereign entities and institutional investors.

Regulatory clarity accelerating adoption

Recent developments from U.S. regulators, including the SEC and CFTC, have contributed to increased clarity around digital assets and tokenized securities.

This evolving regulatory environment is creating a window of opportunity for companies seeking to establish a leadership position in compliant blockchain-based capital markets.

Figure’s OPEN network aims to reshape equity markets

Figure’s OPEN network is designed to rebuild public market infrastructure using blockchain technology, enabling real-time settlement and reducing operational inefficiencies.

The platform also introduces programmable financial features that are not typically available through traditional brokerage systems.

A broader shift toward onchain capital markets

The partnership between OpenWorld and Figure reflects a larger industry trend: the gradual transition of financial infrastructure toward blockchain-based systems.

As tokenization expands beyond private markets into public equities, initiatives like this could play a key role in shaping the next generation of capital markets.

Bitcoin bears likely consider $80,000 as an area to take profits around, but onchain data suggests it is the opposite.

Bitcoin’s net realized profits, the metric that tracks the dollar value of coins sold above their original purchase price across the network, spiked to $207.56 million on Sunday, the highest reading in a month, per data from onchain analytics firm Santiment.

The print arrived as bitcoin briefly crossed $80,000 for the first time since January before reversing to $79,000 late Monday and rising above $80,000 again in Asian morning hours Tuesday.

Realized profit spiking during a rally — rather than a sell-off — is indicative of holders sitting on gains realizing profits and newer participants entering the market at current levels.

The cost-basis suggest a change in the underlying market structure.

Cost basis refers to the price at which a holder originally bought their coins, and it shapes how they react to future price moves. Old holders cashing out on Sunday transferred their coins to buyers willing to pay around $80,000, which raises the average entry price across the network.

That thickens the layer of holders whose break-even point sits close to current levels, and they tend to be the most likely to panic if prices drop. New buyers at are unlikely to dump on a routine pullback as they just got in.

The size of the move also fits the bullish read. The $207 million print is a one-month high, not an all-time high. Genuine cycle tops produce realized profit events that climb into the multiple billions, after which the market typically rolls over within days.

The onchain read aligns with the options-market positioning that CoinDesk reported earlier Tuesday.

Volatility markets did not chase the breakout, as traders are still paying more to protect against a drop than to bet on a sharp move higher, which shows the broader market remains cautious.

But options desks are also seeing demand for cheap call ratio trades, a structure that works best if bitcoin keeps climbing steadily without exploding through a higher strike. This suggests directional traders remain cautious while more sophisticated options flow is positioning for a steady grind higher.

Whether the breakout extends depends on the macro tape that the on-chain data cannot see, with the Iran-U.S. ceasefire fraying. Strategy reporting earnings later on Tuesday the April nonfarm payrolls print dropping Friday. Any of those can override what the chain is signalling.

David Schwartz, the co-founder of the XRP Ledger and CTO emeritus of Ripple, just broadcasted his personal view that people should not invest in Ripple.

“If you want direct exposure to Ripple’s success or failure, you can buy Ripple stock on the secondary market if you qualify under US law. But you probably shouldn’t,” he said.

He was responding to members of the crypto community who requested, “Let us have access to the Ripple stock.” Similar requests to open Ripple up for public investment have circulated for years.

Unsurprisingly, Schwartz’s public post earned tens of thousands of views within hours.

The unusually clear investment warning comes from a Ripple insider whose company once held as much as $180 billion worth of XRP at its January 4, 2018 peak. 

At founding, Ripple (then NewCoin) held 80% of the XRP supply. Over the years, it’s steadily sold down its coins.

Forge Global, a secondary market for private investors that Charles Schwab recently acquired, first listed Ripple stock at $19.74 per share in January 2023. It peaked at $243.23 on November 6, 2025, and now trades at $116, imputing a $19 billion valuation.

Importantly, Forge Global’s valuation today is less than half the valuation claimed by Ripple itself two months ago — and certainly less than the value of its XRP holdings at that time.

XRP is not a Ripple investment

Ripple has never conducted an initial public offering, and there’s no public stock price on which to base a valuation of its equity.

Nonetheless, because Ripple has historically controlled such a disproportionate percentage of the supply of XRP, many retail investors mistakenly bought XRP as a proxy bet on Ripple’s success.

Periodically, the company discloses a fundraising round with a headline valuation number with few details as to what obligations or considerations went into the valuation.

Conveniently, the valuation of Ripple has broadly tracked the value of its XRP holdings. Its valuation, most recently near $50 billion in March, roughly equaled its XRP holdings at the time.

Read more: XRP Ledger creator David Schwartz leaves Ripple role after 13 years

Advertisement

Alongside Arthur Britto, Schwartz co-created the XRP Ledger in June 2012 and received equity in the company now known as Ripple that incubated its development.

As one of its largest shareholders, Schwartz’s view about whether a general member of the public should invest in Ripple certainly carries weight. 

Schwartz has admitted that nowadays, after selling most of his XRP years ago, his current equity in Ripple is almost all of his crypto investment exposure on a personal basis.

Protos previously reported that Schwartz became CTO emeritus and joined Ripple’s board once his corporate tenure exceeded 13 years.

Advertisement

Got a tip? Send us an email securely via Protos Leaks. For more informed news, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.

Binance will change how it calculates benchmark prices for commodity-based perpetual futures during off-hours, a move that could affect margin and liquidation levels during weekends, holidays and maintenance periods, according to an exchange notice published Tuesday. The update will take effect on Friday at 9:00 pm UTC.

The exchange will replace its current fixed pricing method with an Orderbook EWMA model for commodity-based traditional finance (TradFi) perpetual contracts. EWMA, or exponential weighted moving average, uses orderbook data that is smoothed over time rather than relying on a fixed reference price during periods of lower activity.

Binance said the change will apply during daily maintenance windows as well as weekends and holidays, when trading activity is typically reduced.

A Binance spokesperson told Cointelegraph the fixed mode was designed for lower-liquidity periods, but stronger volumes and deeper orderbooks have made a shift toward more flexible price discovery a “natural progression,” reflecting the growth of its TradFi perpetuals business.

The change applies to commodity-based TradFi perpetuals including gold, silver, platinum, palladium, copper, crude oil, Brent crude and natural gas contracts. It will also apply to future commodity-based TradFi perpetuals listed on Binance Futures.

Related: Binance revamps Launchpool, streamlines the BNB experience

EWMA model replaces fixed pricing

It will also extend to any similar commodity-based TradFi perpetual contracts listed in the future. The index price generated under this methodology is used to calculate margin and liquidation levels, meaning traders may see changes in how positions are marked and how liquidations are triggered during off-hours compared with the previous fixed-mode system.

The spokesperson said the exchange is not changing weekend margin requirements, but liquidation behavior outside regular hours will become more aligned with crypto perpetuals, with pricing more directly tied to exchange liquidity. The EWMA model also smooths transitions between off-hours and regular trading to maintain price continuity.

Update on price index calculation mode of commodity-based TradFi perps. Source: Binance

Industry pricing models

Other crypto derivatives venues use index pricing methodologies that incorporate multiple market inputs and orderbook-weighted components during periods of low liquidity or heightened volatility to reduce liquidation distortions, including Bybit’s index price calculation framework.

Bybit’s model aggregates prices from multiple external spot exchanges and applies weighting mechanisms to help smooth short-term dislocations.

The Binance spokesperson said the change applies only to commodity-based TradFi perpetual contracts, where underlying markets close outside regular hours. Crypto perpetuals trade continuously, and the existing framework remains appropriate. Equity-based TradFi perpetual contracts will continue to use the current fixed pricing method for now.

Asia Express: North Korea denies crypto hacks, Upbit’s bank tests Ripple

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.

Miami Beach, FL — Brad Garlinghouse, Ripple’s CEO, has been closely following the U.S. Senate’s progress on the crypto market structure bill, and he said it’s not a “done deal” as the next two weeks may be pivotal for the legislation’s chances.

“If it doesn’t happen then, I think the likelihood is going to drop precipitously,” Garlinghouse said Tuesday at Consensus 2026 in Miami. But he said he still thinks it’s likely to happen, and the next moment will be the scheduling of the Senate Banking Committee’s long-awaited hearing to “mark up” the bill and advance it to the next stage.

Senators at the center of the negotiations over the Digital Asset Market Clarity Act revealed last week the latest compromise language on a major sticking point — stablecoin yield — that is expected to allow the banking panel to schedule the hearing.

“Do I think it’s perfect? Hell, no,” Garlinghouse said. “There’s tradeoffs and compromises, but I do think clarity is better than chaos.”

The stablecoin compromise aims for a balance that allows crypto firms to pursue certain rewards programs without offering yield-bearing stablecoin accounts that resemble banks’ interest-bearing deposits that fuel U.S. lending. Crypto insiders have generally agreed that it’s acceptable, but a coalition of banking groups said this week that the deal “falls short.”

The Ripple CEO said the importance of the Clarity Act lies in the permanence of backing crypto-friendly policies already being established at the U.S. Securities and Exchange Commission by Chairman Paul Atkins, who replaced a crypto-resistance predecessor, Gary Gensler. Without a law, Atkins’ successor can simply change those policies.

“There will be another Paul Atkins after Paul who we don’t know which side of this argument they’re going to fall on,” Garlinghouse said. “Hopefully, the trend line has moved far enough we don’t go back, no matter what, but codified into law means you kind of can’t go back.”

Also at Consensus, Garlinghouse predicted that the stablecoin market will reach $3 trillion by 2031. Ripple Labs launched its own stablecoin, RLUSD$1.0015, in 2024. The current market is at about $320 billion, led by Tether’s USDT.

The bitcoin price prediction for May 2026 depends on what happens after Strategy reports Q1 earnings on May 5, according to CoinDesk. Michael Saylor paused weekly Bitcoin buys for only the second time this year, but told followers on X that purchases resume next week.

The bitcoin price prediction sits at a turning point because BTC trades near $80,286 after touching $80,393, its highest since January. The market is consolidating before the breakout every cycle produces after the halving. April 2024 halving, twelve months of sideways, then the move that reprices everything. The traders who position during the pause capture the full return.

While Strategy holds 818,334 BTC at $75,537 cost basis, Pepeto raised $9.89M from wallets not waiting for any earnings report. The presale fills because exchange tools are built, the Binance listing is approaching, and the bitcoin price prediction debate is exactly the distraction that lets early buyers enter.

CoinDesk reported Strategy paused its weekly Bitcoin buys ahead of Tuesday Q1 earnings, stopping a pattern that moved $5.5 billion into BTC last quarter alone. But whale wallets bought 270,000 BTC over the past 30 days and exchange reserves dropped to a seven year low not seen since December 2017, right before BTC broke $20,000 for the first time.

When the largest corporate buyer pauses but whales speed up buying and exchange supply hits multi year lows, the bitcoin price prediction signals the breakout is forming, and presale entries positioned with exchange tools capture the move before charts confirm it.

The Consolidation Before the Breakout Is Where the Biggest Returns Get Built

Pepeto: The Presale Filling Faster Than the Bitcoin Price Prediction Can Move BTC From $80,286

Every Bitcoin cycle follows the same sequence, and every time it happens, the majority miss the best entry because they wait for confirmation that arrives after the move started. April 2024 was the halving. May 2026 is month thirteen. The bitcoin price prediction is entering the phase where the chart breaks higher, and the wallets positioned before that move keep the return late arrivals pay for.

Pepeto raised $9.89M during this consolidation window because the exchange already runs. The cross chain bridge connects Ethereum, BNB Chain, and Solana so traders stop paying triple fees, PepetoSwap removes trading costs so every position keeps full value, and before your capital touches anything the risk scoring system reads every contract for hidden drains. Every line of code passed the SolidProof audit, and the cofounder who built the original Pepe token to $7 billion leads the team.

Tracking the bitcoin price prediction means watching BTC go from $80,286 toward $150,000, a decent return over months on an asset that needs hundreds of billions to move 90%. One Binance listing event is where presale wallets collect the return the BTC target takes all year to deliver.

At $0.0000001868 with 175% APY compounding daily, the math favors wallets inside. The entry disappears after the listing, and the gap between entering now and entering after the breakout is the gap between making the return and paying for it.

Bitcoin (BTC) Price at $80,286 as Halving Cycle Points to Breakout

BTC hit $80,393 on May 4 before pulling back to $80,286, its highest since January, according to CoinMarketCap. Strategy holds 818,334 BTC at $75,537 cost basis, whales bought 270,000 BTC in 30 days, and exchange reserves sit at a seven year low.

The all time high of $126,198 from October 2025 sits 58% above, Standard Chartered targets $150,000, and BTC needs to close above the 200 day moving average at $82,228 to confirm the bitcoin price prediction breakout.

Conclusion

Strategy paused its buys, but whales bought 270,000 BTC in a single month and exchange reserves hit a seven year low. The bitcoin price prediction signals the breakout is forming, and the consolidation window where the biggest entries get built is closing fast.

Pepeto crossed $9.89M while the market debated earnings, the Binance listing is approaching, 175% APY compounds daily, and stages fill faster each round. The wallets entering right now are buying at a number the market will never see again after the listing. Visit Pepeto and enter the presale before the breakout arrives and the entry you see today becomes the most expensive hesitation of this cycle.

Click To Visit Pepeto Website To Enter The Presale

FAQs

What is the bitcoin price prediction after Strategy pauses buys ahead of earnings?

The bitcoin price prediction targets $150,000 by year end as BTC trades near $80,286 with whales buying 270,000 BTC in 30 days and exchange reserves at a seven year low. Pepeto at $9.89M raised with a Binance listing approaching offers the returns BTC at $1.33 trillion cannot match, visit Pepeto.

Why is Pepeto filling during Bitcoin consolidation?

Pepeto is filling because the exchange tools are built, the SolidProof audit cleared every contract, and the Binance listing is approaching. At $9.89M raised and 175% APY staking, early wallets compound returns daily before the listing reprices the token permanently.

---

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

AI cloud mining expands access as SHRMiner lowers barriers to crypto mining participation in 2026.

As the global technological landscape continues to evolve in 2026, more and more people are exploring passive income opportunities in the digital economy. Technologies such as smart contracts, cloud mining, and cross-chain asset deployment are gradually reshaping how individuals interact with cryptocurrencies. 

Blockchain-based cloud mining platforms are rapidly emerging, providing users with a more user-friendly and convenient alternative. Compared to traditional mining, which requires high hardware investment, complex maintenance, and a high technical barrier, cloud mining lowers the barrier to entry, allowing ordinary users to easily enter the crypto ecosystem. The deep integration of the blockchain ecosystem is opening up new and sustainable passive income avenues for the public.

One of the most notable developments is the rise of the SHRMiner AI-driven cloud mining platform. This platform streamlines the mining process by leveraging automation, smart contracts, and AI-driven resource allocation. These eliminate physical barriers, enabling users to participate in mining activities with extremely low barriers to entry.

Why investing in SHRMiner is worthwhile

Zero entry barrier: Register to receive a free $15 computing power reward, earning $0.60 daily.

Access all miner information in real-time via the mobile app control panel.

Fully own your hardware: No third-party risk.

Mining, tracking earnings, and reinvesting: All operations are handled by the same platform.

A new landscape in the mining industry: Secure, flexible, and profitable.

With SHRMiner, users don’t need to be a technical expert or pay exorbitant electricity bills. You can directly invest in high-performance mining: completely transparent, with stable daily earnings.

SHRMiner offers a variety of high-yield cloud mining contract options to meet the investment preferences and financial goals of different users. Whether seeking flexible short-term returns or valuing stable long-term returns, users can find a suitable option on the platform.

Intelligently allocated, high-yield mining contracts allow wealth growth to begin today.

Contract profit example:

Contract Name	Price	Profit	Days	Principal + Total Return
New User Experience Agreement	$100	$4	2	$100+$8
Bitdeer Sealminer A2 Pro	$500	$6.25	5	$500.00 + $31.25
Litecoin Miner L9	$1000.00	$13.00	10	$1000.00 + $130
Bitcoin Miner S21 XP Imm	$5000.00	$70.00	25	$5000.00 + $1750
Bitcoin Miner S21e XP Hyd	$10000.00	$150.00	35	$10000.00 + $5250
ANTSPACE HW5	$50000.00	$900.00	45	$50000.00 + $40500

For example, by leasing the hash power of an ANTSPACE HW5 mining rig, users can earn $900 in Bitcoin rewards daily. They can track earnings in real time through the control panel.

Click here for more contract details.

Easy mining: Located in an affordable location with modern infrastructure

SHRMiner is a service provider that allows users to easily get started with cryptocurrency mining. The company operates 150 highly specialized data centers in regions with extremely low electricity costs, such as the US, Europe, and the UAE. It allows you to profit from mining Bitcoin or altcoins without any technical knowledge.

Is SHRMiner legal? What about its transparency, security, and trustworthiness?

Given the skepticism surrounding cryptocurrency mining websites, it’s natural to ask: Is SHRMiner legitimate?

• The company is registered in the UK and holds a UK operating license, ensuring compliance and transparency.
• There are no extra service fees or hidden charges.
• Supports mining in multiple currencies: Earn XRP, BTC, ETH, DOGE, USDC, USDT, SOL, LTC, BCH and other mainstream cryptocurrencies.
• 100% remote access; track earnings in real time via the SHRMiner application or platform website without hardware requirements.
• Protected by McAfee® and Cloudflare® security, ensuring the safety of user account funds.
• We offer 100% uptime guarantee and 24/7 online technical support.

Conclusion: Is SHR Miner a good passive income tool?

The answer is yes — its advantage lies precisely in its AI-driven cloud mining. It offers a sustainable, transparent, and minimally invasive way to generate passive income through legitimate Bitcoin mining infrastructure, setting it apart from other Bitcoin mining applications. 

For those wondering if Bitcoin mining will be profitable in 2026, SHR Miner would be a wise choice for earning passive income.

For more details, please visit the official platform or download the mobile application.

Open interest in perpetual futures markets and onchain trading patterns suggest some traders may have positioned ahead of Robinhood crypto listing announcements, according to a Monday report from analytics provider Kaiko.

One of the clearest examples was wallet address ‘0xa1E,’ which Kaiko said opened a long position on Lighter (LIT) on decentralized exchange Hyperliquid at 11:05 am UTC on Jan. 15, about an hour before Robinhood announced the token’s listing at 12:12 pm The wallet closed the position at 1:00 pm, shortly after the announcement.

Kaiko said the same address later opened a short position on a HOOD-linked perpetual contract on April 28, hours before Robinhood reported first-quarter revenue that missed analyst expectations. The trader closed the short later that day after HOOD moved lower.

The trading patterns raise questions about whether some market participants had access to non-public listing information or had developed a reliable method for detecting public signals before announcements. Kaiko also said sophisticated traders may have been reacting to funding-rate spikes, volume increases and open-interest changes rather than inside information.

Multiple other wallets made similar moves just before a listing was made public, raising the question of whether “more than one participant had access to the same information ahead of the announcement,” wrote Laurens Fraussen, a research analyst at Kaiko.

LIT trading price, listing time, minute-by-minute. Source: Kaiko

Hyperliquid data points to unusual pre-listing trades

Kaiko pointed to multiple cryptocurrency listings that led to a surge in open interest and funding rates just ahead of Robinhood’s public listing announcements, including Zcash (ZEC), Synthetix (SNX) and the Near Protocol (NEAR) tokens, among other assets.

Hourly price drift ahead of Robinhood listing announcements for LIT, SNX and ZEC. Source: Kaiko

All three tokens recorded a pre-announcement price drift, with each coin averaging abnormal returns in the hours leading up to and following the listing announcement, explained the report.

Related: Crypto VC funding plunges to $659M in April, hits near two-year low

While the data raises concerning signs of potential insider activity, it may also indicate that some of the smartest traders are positioning based on funding or volume increases, Kaiko’s Fraussen told Cointelegraph.

“Traders that know how microstructure works could have noticed the funding spikes, increase in volumes and open interest spikes, and position based on that.”

Still, derivatives metrics show that this type of positioning was statistically consistent and repeated across multiple asset listings, reflecting either “privileged access to Robinhood’s listing pipeline” or an “exceptionally reliable front-running methodology built on public signals.”

Magazine: Bitcoiners eye ‘sell in May,’ SBF’s bid for new trial shut down: Hodler’s Digest, April 26 – May 2

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.