The crypto market dropped back on Thursday with bitcoin BTC$80,953.28 losing around 0.7% since midnight UTC following Wednesday’s rally to a three-month high of $82,800.

Ether lost around 1% during Asia and European hours, now trading at $2,325 having briefly topped $2,420 on Wednesday.

The broader market is showing early signs of a bullish reversal following a two-month consolidation pattern between February and April, although it’s worth noting that bitcoin needs to break $98,000 in order to break its current cycle of lower highs and lower lows.

The altcoin market continues to indicate investor rotation, with the likes of ALGO and TON rising by between 8% and 9% since midnight UTC.

U.S. equity futures are flat on Thursday while the dollar index (DXY) is down by around 0.1% as investors remain hopeful over a deal to end the war in Iran.

Derivatives positioning

• Crypto futures market activity remained relatively subdued over the past 24 hours, with total futures volume rising just 3% to $216 billion, while aggregate open interest (OI) declined 3% to $133 billion. The divergence between suggests that positioning is being reduced rather than expanded, pointing to deleveraging across the market.
• BTC open interest fell to 762K BTC from 793K BTC a day earlier, ending a three-day streak of sustained positioning growth. Among major assets, DOGE recorded the sharpest decline in OI, down 6%, while XRP OI slipped roughly 1%. The declines across these assets suggest capital outflows and reduced speculative appetite in the near term.
• DOGE positioning appears particularly weak. Funding rates remain negative at an annualized rate of around 6%, indicating that short positions are paying longs to maintain exposure. At the same time, DOGE’s 24-hour cumulative volume delta (CVD) is the most negative among major tokens, signaling aggressive selling pressure from market participants using market orders.
• BTC funding rates, meanwhile, remain broadly neutral after averaging around minus 4% annualized in recent weeks. The normalization in funding suggests that excessive bearish positioning has largely been flushed out of the market. Some observers view this reset as constructive for BTC price action.
• In contrast, ETH and SOL both recorded OI increases of 1% or more despite weakening spot prices. Rising open interest alongside falling prices typically suggests fresh short positioning is entering the market, indicating traders may be positioning for additional downside in these tokens.
• TON continues to stand out on the positioning front. Open interest climbed more than 10% to another record high, signaling continued capital inflows into the asset. TON’s price briefly reached $2.90 earlier today, its highest level since September, and the token is now up 93% on the week. The simultaneous rise in both price and OI points to strong directional participation.
• TON, TRX, and ZEC are currently the only top-30 tokens posting OI-adjusted positive cumulative volume delta readings. This suggests buyers are driving trading activity through aggressive market orders rather than passive limit bids. Most other major assets, including BTC, ETH, and XRP, continue to show negative CVD readings.
• In the options market, bullish sentiment remains evident on Deribit, where call options at strike levels above $80,000 continue to dominate 24-hour volume rankings. According to Glassnode, dealers with short gamma exposure may buy into a potential BTC move above $82,000 to maintain hedges. That could further add to momentum.
• Meanwhile, the one-month volatility risk premium, which measures the gap between implied volatility (IV) and realized volatility (RV), has turned positive again, per Glassnode. This shift indicates renewed demand for short-dated optionality and suggests traders are increasingly willing to pay for near-term volatility exposure after a prolonged period of compressed expectations.

Token talk

• CoinDesk’s DeFi Select Index (DFX) and the CoinDesk MemeCoin Select Index (CDMEME) are the best performing benchmarks on Thursday, rising by 2.5% apiece as speculative trading begins to come into effect.
• The Bitcoin-weighted CoinDesk 5 (CD5) and CoinDesk 20 (CD20) indices are flat since midnight UTC, while the broader CoinDesk 100 (CD100) was also marginally in the red.
• CoinMarketCap’s “altcoin season” indicator is now at 45/100, its highest level since late March having risen from 32/100 since this time last month.
• Despite the wider altcoin market being optimistic, popular DeFi token MORPHO lost 4.6% of its value since midnight UTC and 6.1% over the past 24 hours. it is currently trading at $2.13 with investors taking profits following a rally earlier in the week that lifted it from $1.95 to $2.33.

Ethereum price has pared off some gains after facing resistance at $2,400 this week. A confirmed bullish pattern on the chart, however, positions it for strong upside in the coming sessions.

According to data from crypto.news, Ethereum (ETH) price rose nearly 7% to a weekly high of $2,411 on Wednesday before stabilizing over $2,300 at press time.

Ether, along with the broader crypto market, has entered a period of cautious calm as Iran is reportedly pondering a U.S. proposal to end the war and open up the Strait of Hormuz, bringing balance once again to global energy supply chains and trade.

Despite this investor uncertainty, institutional investors continue to stack their positions in the token. Data from SoSoValue shows that spot Ethereum ETFs extended their inflow streak to the fourth day with over $270 million drawn in the period. This persistent demand from deep-pocketed investors suggests their belief in the token’s future potential and often pulls in fresh capital from retail investors over time.

On the daily chart, Ethereum price has confirmed a bull flag pattern and is eyeing a move above the 38.2% Fibonacci retracement level at $2,381. A decisive break above the flag’s upper boundary could accelerate the rally towards the $2,800 resistance zone or onwards to $3,000 if the current momentum sustains.

Momentum indicators seem to support such a bullish outlook as the Supertrend has remained in the green, indicating a healthy uptrend. At the same time, the MACD lines are close to forming a bullish crossover, which typically signals that the bulls are ready to take back control of the market.

On the contrary, a failure to hold current levels could see Ethereum drop back toward the $2,200 support level, where buyers would likely step in to defend the primary trend.

Core Scientific (CORZ) reported a $347.2 million first-quarter loss even as revenue rose to $115.2 million, as the former bitcoin mining heavyweight sold 2,385 bitcoin for $208.3 million and wrote down $266.5 million of mining-related assets.

The company said the bitcoin sales were used to fund capital expenditures and other cash needs, extending a pattern of miners selling BTC to fund AI data centers.

The company also closed a $3.3 billion offering of 7.75% senior secured notes, proceeds it plans to use for data center development and to repay a $1 billion term loan facility. The bond sale was aimed at funding its shift from crypto mining to AI-focused data center operations.

Colocation revenue, the company revealed, rose to $77.5 million from $8.6 million a year earlier, making it Core Scientific’s largest business line, according to the company’s earnings release.

Crypto mining revenue fell to $30.1 million from $67.2 million, driven by a 45% drop in bitcoin mined and an 18% drop in the average bitcoin price, CORZ said.

The company operated 10 data centers across seven U.S. states at the end of March, representing about 1.9 GW of gross utility power capacity and 1.3 GW of leasable customer power capacity, according to its latest 10-Q.

Core Scientific said in its filing that its first high-density colocation contract with CoreWeave was later expanded to 590 MW of leased customer power capacity.

A February 2025 expansion brought CoreWeave’s contracted infrastructure with Core Scientific to about 590 MW across six sites and lifted projected revenue to $10.2 billion over 12-year terms.

Customer concentration remains high. Core Scientific’s 10-Q said one colocation customer generated 67% of total revenue in the first quarter, up from 11% a year earlier.

Core Scientific’s AI pivot has been under investor scrutiny since CoreWeave’s failed roughly $9 billion all-stock takeover attempt. The company emerged from Chapter 11 in 2024 and has since become one of the main examples of bitcoin miners trying to turn access to power into contracted AI infrastructure revenue.

It ended March with $1.04 billion of liquidity, including $1.01 billion of cash and $37.3 million of bitcoin.

South Korean crypto exchange Bithumb is expanding its overseas push through a new partnership in Vietnam as the country moves toward licensing its first domestic digital asset trading platforms.

Bithumb said it signed a memorandum of understanding (MoU) with SSI Digital (SSID), a subsidiary of Vietnam’s largest securities company, SSI Securities, to cooperate on establishing and operating a virtual asset exchange in the country.

The agreement, signed in Hanoi in March but announced Thursday, also leaves the door open for Bithumb to make a strategic equity investment in an SSID-designated entity, subject to Vietnam’s regulatory approvals.

The move positions Bithumb for Vietnam’s pilot program for licensed domestic digital asset trading platforms, creating a potential entry point into one of Southeast Asia’s fastest-growing crypto markets.

Vietnam’s tight crypto pilot race

Vietnam’s five-year crypto asset pilot, unveiled in September 2025, requires exchange operators to be Vietnamese entities with at least 10 trillion dong ($380 million), in charter capital and caps foreign ownership at 49%. Authorities are also drafting rules that could restrict trading on unlicensed overseas platforms.

Bithumb and Vietnam’s SSID Collaborate. Source: Bithumb

Competition for licenses is already intensifying. A Finance Ministry document cited by Reuters in March said five firms, including affiliates of private banks Techcombank, VPBank and LPBank, along with broker VIX Securities and conglomerate Sun Group, have already cleared an initial qualification round.

Related: Bank of Korea floats crypto ‘circuit breakers’ after Bithumb blunder

One of the most advanced bids is VPBank-linked CAEX, which secured backing from OKX Ventures and HashKey Capital in April to help meet Vietnam’s minimum charter capital threshold for the pilot. Bithumb’s Vietnamese partner, SSI Securities, is one of the country’s largest brokers and set up SSI Digital Technology JSC to spearhead its push into digital assets in 2022. Vietnam was ranked fourth in global crypto adoption in 2025 by blockchain forensics firm Chainalysis.

According to Bithumb’s press statement, the company and SSID plan to collaborate across exchange technology, wallet and custody systems, security and risk management, regulatory support and institutional business development. No timeline has been given for a formal license application or final investment decision, and Vietnam has not yet approved any fully licensed crypto exchange under the pilot.

Cointelegraph reached out to Bithumb for comment but had not received a response by publication.

Korea headwinds raise stakes

The expansion plan comes as Bithumb faces heightened scrutiny in its home country following a high-profile payout error and a delayed listing timeline.

The exchange has pushed back its initial public offering (IPO) to sometime after 2028, with management saying it needs to strengthen accounting policies and internal controls after earlier regulatory sanctions.

In February, Bithumb mistakenly credited customers with 620,000 Bitcoin instead of 620,000 won during a promotional event, briefly creating more than $40 billion in notional balances and triggering sharp price swings on the platform. The firm says it recovered 99.7% of the funds and is now pursuing legal action to reclaim the remaining 7 BTC.

Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt

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The bnb price prediction gained its biggest institutional catalyst yet when Teucrium launched the first US-listed 2x Long Daily BNB ETF under the ticker XBNB on NYSE Arca on April 28. Binance co-founder Changpeng Zhao announced the product on X, and the fund gives traditional brokerage accounts leveraged exposure to BNB price moves for the first time without a crypto wallet or futures account.

Pepeto lines up its Binance listing with $9.89 million committed, showing smart money building positions. The bnb price prediction points toward $700 and then $1,000 over the year, and analysts model Pepeto at 100x from the current presale price once the Binance listing opens trading.

The Teucrium xETFs 2x Long Daily BNB ETF began trading on NYSE Arca on April 28 as the first US exchange-traded product tied to BNB price movements, per BusinessWire. FalconX Bravo, a CFTC-registered swap dealer, provides the derivative exposure, and the fund targets twice the daily performance of BNB before fees.

VanEck’s spot BNB ETF filing still sits with US regulators, and clearance would add billions in institutional demand. Teucrium’s earlier leveraged XRP product attracted hundreds of millions within months, and the BNB fund expands that access into another top-five asset.

The BNB Price Prediction Entry Worth Watching Right Now

Pepeto: The Trading Platform That Earns While BNB Grinds Through the XBNB ETF Launch

The Binance listing window narrows and presale stages load faster each round. Pepeto is a contract-scanning and zero-fee platform that rewards holders when the broader market trades sideways and the bnb price prediction stays range-bound, which is where BNB sits as institutional products like XBNB take time to draw capital.

While BNB holders wait for the Teucrium ETF and VanEck spot filing to move price, Pepeto already scans tokens across Ethereum, BNB Chain, and Solana, flagging risky contracts before capital touches them. PepetoSwap processes swaps at zero fee, and capital starts producing returns right away rather than sitting inside an $84 billion cap waiting for the next buyer.

The presale crossed $9.89 million at $0.0000001868. Its low fully diluted value and role as the exchange’s utility token place 100x within range. SolidProof signed the codebase, a senior Binance developer designed the exchange from the ground up, and the founder who took Pepe to $11 billion built every tool. Staking at 175% APY grows the position with every block.

The bnb price prediction will keep pulling capital toward BNB, but the wallets locking positions today know 100x on Pepeto is built on returns that already happened with Pepe. Entering the presale now while BNB grinds sideways is how the biggest gains of this cycle get captured before the listing removes the presale advantage for good.

BNB Price at $634 as the XBNB ETF Opens Institutional Access and the VanEck Spot Filing Waits

BNB (BNB) trades at $634 on May 6, down roughly 54% from its $1,369 all-time high reached in October 2025, per CoinMarketCap. The bnb price prediction depends on holding $607 support and clearing $647 resistance to open the path toward $700 and then the $900 zone.

Changelly projects an average BNB price of $653 for May with upside toward $1,000 by December 2026. But the bnb price prediction math from an $84 billion cap means meaningful targets still take quarters to reach, not the timeline a presale-to-listing event delivers when the entry is $0.0000001868.

Conclusion

A bull run is flashing. BNB broke $1,369 in October because the last wave lifted everything, and the XBNB ETF plus the VanEck filing are laying the tracks for the next one. But history shows that when Bitcoin doubles, the strongest presale entries do not just follow the move.

They return 100x. BNB at $634 with an $84 billion cap will grind higher over quarters. Pepeto at $0.0000001868 with a Binance listing days away covers that same distance the moment trading opens.

Missing Pepeto at this stage could easily become the kind of regret that stays, the same feeling every person who knew about SHIB early and watched it run without acting still carries today. Pepeto is positioned where SHIB was before its breakout, with a live exchange and a founder who already proved the model once. The presale will not wait, and the bnb price prediction crowd that sees this clearly is already inside.

Click To Visit Pepeto Website To Enter The Presale

FAQs

Can the bnb price prediction reach $1,000 in 2026 after the Teucrium XBNB ETF and the VanEck spot filing?

The bnb price prediction needs the XBNB ETF to draw sustained institutional volume, the VanEck spot BNB ETF to advance through regulators, and BTC to hold above $80,000 before $1,000 comes into play. Changelly projects BNB averaging $653 in May with a year-end target near $1,000.

What makes Pepeto the best crypto presale for high returns before the next bull run leg?

Pepeto is the best crypto presale because it runs a SolidProof-audited exchange with zero-fee trading, a token scanner, and a cross-chain bridge across three networks. The presale raised $9.89 million at $0.0000001868 with 175% APY staking and an approaching Binance listing.

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The crypto industry may have fundamentally misunderstood the metaverse, according to Animoca Brands chairman Yat Siu, who argues that the next phase of virtual economies would arrive not through VR headsets or immersive digital worlds, but through fleets of AI agents transacting across blockchain networks behind the scenes.

Siu said the metaverse maybe coming to us rather than being a place that humans go to, during his keynote at Consensus Miami 2026.

For Animoca, this marked a distinct pivot from the pandemic-era vision of the metaverse it once championed, in which users were expected to spend increasing amounts of their social and economic lives in immersive virtual worlds.

Siu now says the more consequential shift may be AI systems operating in the physical world on behalf of humans, handling transactions, bookings, coordination and commerce in the background while blockchain networks function as the infrastructure connecting those agents.

Instead, Siu argued the next phase of the internet may revolve around AI systems operating continuously in the background of everyday life, handling tasks such as bookings, payments, scheduling, and online transactions on behalf of users.

He said consumers could eventually rely on dozens, or even hundreds, of AI agents to coordinate their digital activities, with blockchain networks serving as the financial and identity infrastructure connecting those systems.

“I think the point is that it’s going to be more agents than humans,” Siu said, predicting there could eventually be “50 to 100 billion agents roaming essentially on the internet.”

That shift, he argued, could also solve one of crypto’s longest-running problems: onboarding ordinary users.

While an estimated 700 million to 800 million people globally now own some form of cryptocurrency, Siu noted that fewer than 70 million actively use blockchain applications because crypto remains technically intimidating for mainstream consumers.

“My mom’s not going to be using MetaMask,” he said. “It’s hard for her.”

AI agents, however, may interact naturally with wallets, smart contracts, and decentralized finance systems because they operate directly through code, he argued.

Unlike humans, agents would not need traditional banking infrastructure and could transact autonomously on-chain.

“Blockchain technology is the ideal financial system for machines,” Siu said. “We, the humans, were basically the guinea pigs.”

The broader argument reflected a growing narrative within parts of the crypto industry that blockchain’s most scalable users may ultimately be autonomous software agents rather than humans.

In that framework, wallets, tokens, decentralized identity systems, and on-chain payments become machine infrastructure powering an emerging “agent economy.”

As part of that push, Animoca announced a $10 million investment initiative for developers building AI agent applications through its Animoca Minds platform.

If Siu’s vision materializes, the next major wave of blockchain adoption may not come from millions of new human users learning to navigate crypto wallets, but from billions of AI agents transacting autonomously with one another behind the scenes.