Crypto World
Bitcoin Overbought Signal Points to a Potential Top Near $78K
Bitcoin is hovering at a crucial crossroads after a rapid ascent that brought the price into the low $80,000s. A spike in the daily RSI to overbought levels suggests momentum may be cooling in the short term, even as some market participants remain optimistic about a further upside run.
The rally, which climbed from a macro low near $60,000 to about $82,800 this week, has pushed key momentum indicators into territory that historically precedes pullbacks. Traders are parsing whether the current strength can be sustained or if a near-term correction is due as price tests nearby resistance around the 200-day moving average.
Key takeaways
- Bitcoin’s daily RSI advancing to the 70s amid an ~36% rebound from the macro low signals an overbought condition that has historically preceded meaningful corrections.
- A break below the $78,000 support could open downside toward the mid $70,000s, while a hold above this level keeps the potential for another push higher intact.
- Market dynamics point to an overheated MVRV and short-term holder Bollinger Band signal, with similar configurations last seen in November 2024 before a notable drop.
RSI heat and the near-term risk
On the daily chart, Bitcoin’s RSI rose to 70 as BTC tagged roughly $82,800, up from a March low near $39. The move brought BTC to the vicinity of the 200-day exponential moving average, a level analysts watch closely for how it may act as resistance.
As trader Jelle observed on X, the moment BTC touches the 200-day EMA in conjunction with overbought RSI “makes sense to find resistance here.”
“It makes sense to find resistance here.”
Commentary from observers underscores the potential for a short-term pullback if buyers don’t sustain momentum. Crypto Tice called the current signal “rare,” noting it has appeared only a handful of times over the past year and has historically led to pullbacks in the near term. He added:
“Overbought conditions on the daily don’t resolve sideways. They resolve with a flush.”
The discussion isn’t just about a single indicator. The market’s readers also weigh the Bitcoin price against longer-term context, including the current risk environment and macro drivers. Rekt Fencer highlighted the pattern’s history by pointing to prior occurrences where the same setup foreshadowed sharp declines, noting that “the last 2 times this happened, it dumped” by substantial margins.
Beyond RSI, the market is watching the balance between risk and reward in real-time indicators. The short-term holder (STH) MVRV metric recently entered an “overheated” zone, a signal that traders and analysts are using to gauge whether BTC is overvalued relative to on-chain profitability. FrankAFetter summarized the sentiment by noting that BTC last broke above the overheated threshold on STH Bollinger Bands in November 2024, a moment that preceded a retracement.
“Bitcoin breaks above the overheated level on the short-term holder Bollinger Bands for the first time since November 2024.”
Support, resistance, and what could unfold
For now, the chart is defining an important battleground around $78,000. Traders broadly agree that this level has become a meaningful anchor for BTC/USD. At the same time, the 200-day EMA sits higher up near $83,000, acting as a ceiling that could cap further upside in the near term.
Analyst Jelle weighed in again, noting that the $78,000 area represents the “first main area of interest” and urging that turning this into support could pave the way for another attempt at higher levels.
“Turn that into support and we can have another go at the MAs.”
Meanwhile, others see the potential for a decisive test around the same area. Tradermayne argued that holding the $78,000–$80,000 zone on lower timeframes would give bulls a clear bias for higher prices, whereas a break could tilt the risk balance toward downside bearest moves.
“Holding the support at $78,000–$80,000 on low time frames would give bulls a very easy bias level.”
Market liquidity, often a hidden driver of crypto price action, is also a focal point. Master of Crypto highlighted liquidity clusters around the current range. If buyers defend the $78k zone, the next leg could target the $82k–$83k area where substantial resting liquidity sits. But a breakdown could accelerate a move toward the mid-$70k zone.
“If buyers defend this area, the next move could be toward $82K–$83K where a lot of liquidity is sitting. But if this support breaks, Bitcoin could quickly drop to $75K–$76K.”
Market depth maps reinforce the risk-reward calculus. A Bitcoin liquidity heatmap shows that a drop below $78,000 could unleash more than $3.1 billion worth of leveraged long liquidations across major exchanges, potentially amplifying a short-term downturn.
What this means for traders and investors
The current configuration — rising price with an overbought RSI, a technically important support around $78,000, and overheated on-chain metrics — paints a nuanced picture. The near-term path likely hinges on whether BTC can defend the key support and how it reacts around $83,000 resistance. If the market sustains above $78,000 and bulls regain momentum, a move toward the $82,000–$83,000 band becomes plausible. Conversely, a break below $78,000 could open the door to a sharper correction, potentially testing the mid-$70,000s and inviting larger-liquidation scenarios on leveraged positions.
Investors should also monitor on-chain indicators that have historically provided warning signals in similar setups. The combination of MVRV readings and the Bollinger Band context for short-term holders has shown a tendency to precede corrective moves, especially when paired with a sustained price push into the 200-day EMA’s vicinity.
As always, external catalysts—ranging from macro data releases to shifts in risk sentiment—can alter the trajectory quickly. The current setup, however, emphasizes cautious positioning near key levels rather than a confident, one-way bet.
Readers should watch how BTC behaves around the $78,000 support and whether the price can sustain above or break below that level, which will largely shape the next leg of its journey toward the $82,000–$83,000 zone or a potential retreat into the mid-$70,000s.
A $1.75 trillion IPO is about to redefine which space stocks to watch this summer. SpaceX is closing in on the largest IPO ever. The public S-1 is due late May, with the listing slated for late June or early July.
When SpaceX publishes real launch costs and Starlink economics, the entire sector gets repriced against the same yardstick. Three names stand out as the cleanest read-through points.
Rocket Lab (NASDAQ: RKLB)
Rocket Lab Corporation (RKLB) is the closest public comparison to SpaceX, building launch vehicles, spacecraft, and components in-house. The SpaceX IPO matters here.
The S-1 is the SEC document required before going public. SpaceX filed confidentially on April 1, with the public version due late May.
When it lands, SpaceX’s launch revenue, costs, and Starlink margins go on display for the first time. RKLB is the only publicly traded company doing similar work. When investors see SpaceX’s real numbers, RKLB gets repriced against them.
Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.
Fundamentals look strong. Q1 revenue hit $200.3 million (+63.5% YoY), backlog reached $2.2 billion, and liquidity exceeded $2 billion.
The stock fell 7.17% to $78.58 anyway, as profit-taking on a 240% YoY run outweighed a Q2 guidance beat.
RKLB sits inside a rising channel that has held since late November. The recent top was rejected at $94.40 (0.618 Fibonacci). Price hugs the 20-day exponential moving average (EMA) at $78.96.
EMAs weight recent prices most heavily, while the 50-day EMA sits at $75.52.
The last clean break of the 20-day EMA on March 26 produced a 19.31% slide. A repeat opens $70.71, then $62.45 (200-day EMA), then $56.08 (channel floor).
Options lean the other way. The volume put-call ratio sits at 0.53 versus 0.73 at the last -$0.07 print. Open interest holds at 0.77. Traders buy calls into the IPO window despite the miss.
A reclaim of $87.08 opens $94.40 and the breakout zone above $104.81.
Among space stocks to watch, RKLB sets up the cleanest move into the SpaceX listing.
AST SpaceMobile (NASDAQ: ASTS)
AST SpaceMobile, Inc. (ASTS) builds the only US satellite network that connects directly to standard smartphones. AT&T, Verizon, and FirstNet are anchor partners.
That positioning maps to the part of SpaceX nobody can price yet: Starlink direct-to-cell. When SpaceX’s S-1 publishes Starlink’s subscriber count and revenue per customer, the market gets its first benchmark for ASTS.
BlueBird 7, one of ASTS’s direct-to-cell satellites, failed to reach orbit on April 20. The miss puts the 45-satellite year-end target at risk. ASTS announced a mid-June Falcon 9 launch for BlueBird 8-10, set to overlap with the SpaceX roadshow week.
ASTS closed at $65.35 on May 7, down 7.54%, with earnings due Monday after close.
ASTS has fallen 51.27% from its February 2 high of $129.78. Current support is $63.25. Above price, the 200-day EMA sits at $73.53, the 20-day at $76.20, and the 50/100-day cluster sits at $82.40-$82.50.
Two bearish crossovers loom. The 50-day EMA is closing in on the 100-day, and the 20-day EMA is closing in on the 200-day. A break of $63.25 opens $58.40, then $45.95.
Options lean the other way. The volume put-call ratio dropped from 0.62 to 0.45 since early April, while open interest fell from 0.49 to 0.42. With earnings on Monday and implied volatility at 112.55%, traders bet on a positive surprise.
For ASTS to reset the trend, it needs to reclaim $68.17, $81.90, and $82.40. A move above $104.12 invalidates the bearishness. Among space stocks to watch, ASTS is the higher-risk pick into the SpaceX listing.
Intuitive Machines (NASDAQ: LUNR)
Intuitive Machines, Inc. (LUNR) builds lunar landers and runs NASA’s Near Space Network, sharing the Artemis program with SpaceX.
The SpaceX IPO angle here is profitability. LUNR is the only listed pure-play stock guiding to positive adjusted EBITDA in 2026. When SpaceX’s S-1 reveals Starlink’s profit economics, the market hunts for the next stock with that profile.
LUNR closed at $24.11 on May 7, down 8.43%. The company guides 2026 revenue of $900 million to $1 billion, almost 5x FY25, with positive adjusted EBITDA. Q1 results land on May 14.
LUNR has held a rising channel since mid-November. A breakout attempt failed on April 22, and the price has weakened since. The recent pullback pushed LUNR below the 20-day EMA at $24.92 on May 7.
The critical floor is $22.71, and the 50-day EMA is at $22.61, just below. Breaking those levels opens deeper losses. The first upside hurdle is $32.21 (0.618 Fibonacci). A clean break sets up a channel breakout.
The Chaikin Money Flow (CMF) measures institutional inflows and outflows. CMF sits at -0.01, just below the zero line. April 1 set the precedent. CMF crossed zero alongside a 20-day EMA reclaim, and LUNR rallied 71.15% in days.
Earnings on May 14 are the trigger. A CMF cross with a 20-day EMA reclaim can replay April 1 into the SpaceX listing. Among space stocks to watch, LUNR offers the cleanest profitability story.
The post 3 Space Stocks To Watch Amid Elon Musk’s SpaceX IPO Hype appeared first on BeInCrypto.
MIAMI BEACH, Fla. — At the EasyA Hackathon tucked inside Consensus Miami 2026, the energy felt less like a traditional crypto developer event and more like a live audition for the next generation of the intersection of blockchain and AI-native startups.
Nearly 1,000 developers competed at the venue, some from established crypto ecosystems like Base and Solana, and others arriving from companies like Microsoft and Google, all racing to build products around one theme that kept surfacing in conversation after conversation: AI agents.
The focus on AI agents had already emerged earlier this year at the EasyA x Consensus Hong Kong hackathon, where organizers described 2026 as the “Year of the Application Layer” as developers increasingly shifted from infrastructure tools toward AI-powered consumer applications and autonomous agents.
For brothers Dom and Philip Kwok, co-founders of EasyA, that evolution is exactly the point. What began as a small hackathon series in Austin, Texas, during Consensus 2023 has quickly transformed into one of crypto’s most closely watched builder gatherings, attracting young passionate developers with increasingly teams with serious technical pedigrees.
Their ambition for the event is bluntly simple. “We want billion-dollar companies coming out of EasyA,” Dom Kwok said during an interview with CoinDesk at the hackathon floor. “We’ve already had, out of our other hackathons, a $10 billion company.”
That success story has become part of EasyA lore. One Harvard team that pitched at a previous EasyA event went on to found “Permission AI,” which the Kwoks say is now valued at roughly $10 billion. Another former participant, Axel, is building stablecoin yield products backed by bitcoin.
Other alumni have reportedly gone through Y Combinator, raised from top venture firms and processed hundreds of millions in transactions. The message to developers walking through the Miami event was clear: this is no longer just a couple-days coding competition, it’s increasingly being framed as a launchpad for venture-scale companies.
This year, however, the center of gravity has unmistakably shifted toward agentic AI. Coinbase sponsored challenges around x402, an emerging framework developers are experimenting with for AI-agent payments and interactions, while Solana and Solana Mobile pushed teams toward mobile-first applications and consumer experiences.
“Lots of developers [are] really excited about AI agentic workloads,” Dom said, pointing to the recent wave of massive venture funding flowing into AI-agent infrastructure startups.
Some of the projects already circulating around the venue reflected how far builders are stretching the category. One team called Praxis was working on blockchain-connected drones controllable through smartphones, what the brothers described as “the next Palantir on the blockchain.” Another startup was building what they called “hyper-intelligent AI,” software designed to turn text prompts into physical 3D objects. “You could put in a prompt and say, ‘Build me a microscope,’ and it will actually build it for you,” Phil said. “It’s like the next phase of taking ChatGPT from something informational into something embodied.”
The winners:
The judges rewarded projects that pushed AI agents beyond chatbots and into real-world coordination, automation and commerce, whether through hardware, payments infrastructure or consumer-facing apps. Across the different sponsor tracks, the winning teams reflected the broader shift underway at this year’s hackathon: developers were no longer just building crypto tools, they were building products meant for everyday use. Prizes differed per track, and are still pending on how they will be divied up in each category.
Kickstart Track ($50,000):
First place: FlyPraxis
Taking the top spot in the Kickstart track was FlyPraxis, a real-time drone intelligence platform designed for military operators. The team pitched the project as “Palantir, but in real time,” using AI-powered coordination and live battlefield intelligence to manage autonomous drone systems.
Second place: HIIE
HIIE placed second with a platform that turns text prompts into fully buildable hardware products. Using AI agents to manage everything from physics calculations and component sourcing to 3D CAD generation and assembly documentation, the startup aimed to compress months of hardware prototyping into a single workflow.
Third place: Clan World
Clan World rounded out the top three in the Kickstart track, joining a broader wave of teams experimenting with AI-native coordination and community-driven applications.
Solana Mobile Track ($30,000 + $75,000 worth of Solana phones)
First place: Parabola
In the Solana Mobile track, first place went to Parabola, a decentralized prediction and estimation market built on Solana. The platform allows users to speculate on real-world events through a distribution-based AMM model designed for mobile-native trading experiences.
Second place: Snakr
Snakr took second place with an AI-powered food intelligence app that lets shoppers scan products to identify potential health risks, FDA recalls and ingredient concerns. Users can also contribute missing product information and earn Solana-based rewards in return.
Third place: Rhythym
Third place winner Rhythym focused on productivity and accessibility, building a mobile routine-support app aimed at helping users with executive dysfunction complete daily tasks. The app integrates with Solana’s Seeker phone, Nova 2 Lite and x402 infrastructure to create AI-assisted workflows.
Coinbase / AWS Track ($45,000)
First place: Dairy Price API x402
The Coinbase and AWS track centered heavily on AI-agent payments and autonomous commerce. The winning project, Dairy Price API x402, built a pay-per-call commodity pricing and forecasting service that allows AI agents to access dairy market data without traditional API keys. Payments are settled directly in USDC through x402 on Base.
Second place: AgentPay
AgentPay placed second with a payment coordination system that gives users one-tap approval over AI-agent transactions while using AWS-powered risk validation to ensure agents spend funds responsibly.
Third place: Giggy
Giggy took third place for building a marketplace where users can hire AI agents to perform research tasks. Payments are locked in crypto escrow on Base, while the agents themselves can pay for premium APIs through x402-powered transactions.
Runner up: Chainlens
Chainlens focused on trust and verification for autonomous systems, building an x402-compatible layer that connects AI agents to verified APIs and only releases payment once responses are authenticated.
Read more: AI-powered agents dominate the EasyA x Consensus Hong Kong hackathon
Key points:
- Bitcoin needs to hold above $78,000 to avoid a trend reversal and return to $80,000 as resistance.
- Altcoin buyers have left the scene, keeping in step with Bitcoin’s slight correction.
Bitcoin (BTC) pulled back near $79,000 on Friday, but buying at lower levels pushed the price toward $80,000. The next big question on traders’ minds is whether BTC will resume its uptrend or higher levels will again attract aggressive selling from bears.
CryptoQuant analyst IT Tech said in a Thursday QuickTake note that BTC needs to rally and maintain above $88,880 for a bottom to be confirmed. Until then, the $85,000 to $88,000 range is likely to see selling by buyers who want to “get out flat.”
However, Bollinger Bands creator John Bollinger has a different view. In an X post on Thursday, Bollinger said that their trend model had turned positive for BTC a day earlier and they had taken a position accordingly.
Crypto market data daily view. Source: TradingView
Among all the positives, a minor negative for the bulls is that BTC exchange-traded funds recorded $277.5 million in outflows on Thursday. That was the first net outflow in May, according to SoSoValue data. That suggests select investors have turned cautious and are booking profits near overhead resistance levels.
Could BTC and the major altcoins bounce off their support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
BTC pulled back from $82,850 on Wednesday, signaling that the bears are fiercely defending the $84,000 overhead resistance.
BTC/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day exponential moving average ($77,929) is the critical support to watch out for on the downside. If the BTC price rebounds off the 20-day EMA with strength, it signals that the bulls are buying on every minor dip. That improves the prospects of a break above the $84,000 level. If that happens, the BTC/USDT pair may skyrocket to $92,000, then to $97,924.
Sellers are likely to have other plans. They will strive to defend the $84,000 level and yank the price below $74,937. If they manage to do that, the pair may tumble to the 50-day simple moving average ($73,448) and then to the support line.
Ether price prediction
Ether (ETH) closed below the 20-day EMA ($2,304) on Wednesday, indicating that the bulls are booking profits.
ETH/USDT daily chart. Source: Cointelegraph/TradingView
The next stop on the downside is the 50-day SMA ($2,225), followed by the support line. A solid rebound off the support line suggests the ETH/USDT pair may remain within the channel for a few more days.
The first sign of strength will be a break and close above $2,465. The pair may then rise to the resistance line, where the bears are expected to step in. However, if the bulls prevail, the ETH price may soar to $3,050.
BNB price prediction
BNB (BNB) has pulled back toward the moving averages, suggesting bears are selling on minor rallies.
BNB/USDT daily chart. Source: Cointelegraph/TradingView
If the BNB price bounces off the moving averages with force, it increases the likelihood of a rally to the $687 level. Sellers will attempt to keep the price within the $ 570 to $ 687 range by defending the overhead resistance.
On the other hand, a break and close above the $687 signals that the bulls are back in the driver’s seat. The BNB/USDT pair may rise to $730 and then to $790. Sellers are expected to pose a strong challenge at the $790 level.
XRP price prediction
XRP (XRP) continues to trade near the moving averages, indicating a state of equilibrium between the buyers and sellers.
XRP/USDT daily chart. Source: Cointelegraph/TradingView
The flattish moving averages and the RSI just below the midpoint do not give either bulls or bears a clear advantage. If the price turns down and breaks below the $1.27 level, the XRP/USDT pair may remain inside the descending channel pattern for a few more days.
On the upside, the bulls are expected to encounter stiff resistance at the downtrend line and then at the $1.61 level. Buyers will have to overcome the $1.61 barrier to signal a potential trend change. The XRP price may then rally to $2.
Solana price prediction
Solana (SOL) is facing selling pressure at the $90.73 level, but a positive for the bulls is that they have not ceded much ground to the bears.
SOL/USDT daily chart. Source: Cointelegraph/TradingView
The bulls will again attempt to push the SOL price above $90.73. If they succeed, the SOL/USDT pair may surge to $98. Sellers are expected to vigorously defend the $98 level, as a close above it may catapult the pair to $117.
Contrary to this assumption, if the price turns down and breaks below the moving averages, it suggests that the pair may remain inside the tight range for a while longer. A break below the $82.65 level opens the doors for a fall to $76.
Dogecoin price prediction
Dogecoin (DOGE) declined sharply from the $0.12 resistance level on Wednesday, indicating profit-taking by short-term traders.
DOGE/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day EMA ($0.10) is the critical support level to watch in the near term. If the DOGE price turns up sharply from the 20-day EMA, the bulls will again attempt to pierce the $0.12 resistance. If they manage to do that, the DOGE/USDT pair may rally to $0.14, then to $0.16.
Conversely, a break and close below the 20-day EMA suggest that the pair may remain within the $0.09 to $0.12 range for a few more days.
Hyperliquid price prediction
Hyperliquid (HYPE) turned down from the $43.76 to $45.77 zone on Wednesday, indicating aggressive selling by the bears.
HYPE/USDT daily chart. Source: Cointelegraph/TradingView
The HYPE price pulled back to the 20-day EMA ($41.69), an important level to watch. If the price turns up sharply from the 20-day EMA, the bulls will again endeavor to clear the overhead hurdle. If they manage to do that, the HYPE/USDT pair may surge to $50.
This bullish view will be invalidated in the near term if the price continues lower and breaks below the 50-day SMA ($40.29). The pair may then descend to $34.45.
Related: Four signs that show Ethereum’s rally is exhausted at $2.4K
Cardano price prediction
Cardano (ADA) continues to oscillate within the broad range of $0.22 to $0.31, indicating a balance between supply and demand.
ADA/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day EMA ($0.25) has begun to turn up gradually, and the RSI is in positive territory, indicating a slight edge for the bulls. If the price turns up above the moving averages, the bulls will attempt to drive the ADA/USDT pair to $0.30 and, later, to the stiff overhead resistance at $0.31.
Contrarily, a break below the moving averages suggests that the bulls are losing their grip. The bears will then strive to pull the ADA price to the $0.22 support.
Zcash price prediction
Zcash (ZEC) broke above the $560 resistance on Wednesday, but the bears stalled the rally at $607.
ZEC/USDT daily chart. Source: Cointelegraph/TradingView
The shallow pullback is a positive sign, as it indicates the bulls are not rushing to close their positions. That improves the prospects of the continuation of the uptrend. If the ZEC/USDT pair breaks above $607, the next target is likely $750.
On the downside, support lies at the 38.2% Fibonacci retracement level at $496, then at the 50% retracement level at $462. Sellers will be back in the driver’s seat on a close below the 61.8% retracement level of $428.
Bitcoin Cash price prediction
Bitcoin Cash (BCH) turned down sharply from $486 on Wednesday, suggesting bears are aggressively defending the level.
BCH/USDT daily chart. Source: Cointelegraph/TradingView
The flattish 20-day EMA ($450) and the RSI near the midpoint suggest that the BCH/USDT pair may remain inside the $419 to $486 range for some more time.
The next trending move is expected to begin on a close above $486 or below $419. If buyers secure a close above $486, the BCH price may start an up move to $520. Alternatively, a close below the $419 support signals the resumption of the next leg of the downtrend toward $375.
A four-firm pilot settling the first cross-border, cross-bank redemption of tokenized U.S. Treasuries on the XRP Ledger extended a rally sparked by Ondo’s seat at the DTCC’s tokenization table.
Activity on the Ripple (XRP) network has dropped sharply since late 2024, according to the latest findings by blockchain analytics firm Glassnode.
In fact, new XRP addresses fell from around 18,000 per day in December 2024 to 2,700 per day currently, which represents an 85% decline.
Network Growth
Over the same period, monthly active supply also dropped from 7.45 billion XRP/day to nearly 2 billion XRP. Glassnode explained that the speculative momentum that drove the asset’s late-2024 rally has largely faded at the network level.
While on-chain activity has weakened, recent market data also reveals a notable change in terms of whale behavior around XRP. CryptoQuant found that XRP inflows from whales to Binance have dropped to their lowest level since November 2021. The analytics firm said the 30-day cumulative inflow metric previously climbed to nearly 2.6 billion XRP in early March, which evidenced heavy transfers from large holders to the exchange. Since then, the figure has steadily declined to around 736 million XRP.
Large transfers to exchanges are commonly associated with potential selling activity or portfolio adjustments by major investors. The continued decline in inflows during broader market volatility indicates that whale-related selling pressure has eased significantly in recent months.
Rebound Setup
Amid the decline in whale inflows, Ali Martinez observed a potential short-term recovery signal for XRP. The TD Sequential indicator reportedly flashed a buy signal on XRP’s 4-hour chart, a setup that has accurately identified several recent trend reversals, as per the analyst. He referenced a sell signal that appeared near the $1.46 level on May 6, which was followed by a 5% correction over the next two days.
According to Martinez, the latest buy signal means that the recent local exhaustion phase may be ending, which opens the possibility for a rebound toward the $1.45 resistance level. He further identified $1.80 as a secondary upside target if the crypto asset manages to break above overhead supply zones.
The post Ripple (XRP) Activity Crashes 85%: Here’s What the Latest On-Chain Data Reveals appeared first on CryptoPotato.
Crypto World
Michael Burry says the market today feels like ‘the last months of the 1999-2000 bubble’
Michael Burry attends “The Big Short” New York screening Ziegfeld Theater on Nov. 23, 2015 in New York City.
Astrid Stawiarz | Getty Images
Michael Burry of “Big Short” fame is warning that the stock market’s fixation on artificial intelligence is beginning to resemble the final stages of the dot-com bubble.
“Absolutely non-stop AI. Nobody is talking about anything else all day,” Burry wrote Friday in a Substack post after listening to financial television and radio coverage during a long drive.
The investor, best known for predicting the U.S. housing crash, said stocks are no longer reacting meaningfully to economic data such as jobs reports or consumer sentiment in a logical way. The S&P 500 rose to a fresh record high Friday as traders focused on a slightly better-than-expected April jobs report rather than a record low reading in consumer sentiment.
“Stocks are not up or down because of jobs or consumer sentiment,” Burry wrote. “They are going straight up because they have been going straight up. On a two letter thesis that everyone thinks they understand. … Feeling like the last months of the 1999-2000 bubble.”
Burry compared the recent trajectory of the Philadelphia Semiconductor Index (SOX) with the run-up that preceded the collapse of technology stocks in March 2000. The index is up more than 10% this week, pushing its 2026 gains to 65%.
SOX in 2026
The comments come as investors have poured into AI-linked shares over the past two years, helping propel major U.S. equity indexes to repeated record highs. Semiconductor companies and megacap technology firms tied to AI infrastructure and software have led the rally, with enthusiasm around generative AI fueling sharp gains in valuations.
Paul Tudor Jones has also drawn parallels between today’s AI-fueled rally and the period leading up to the dot-com bust, though he believes the bull market may still have further to run. Jones told CNBC’s “Squawk Box” this week the current environment feels similar to 1999 — roughly a year before technology shares peaked in early 2000 — and estimated the rally could continue for another year or two.
At the same time, Jones cautioned that the eventual correction could be dramatic if valuations continue to expand.
“Just imagine the stock market went up another 40%,” Jones said. “The stock market GDP is going to probably be good lord 300%, 350%. You just know that there’ll be some … breathtaking kind of corrections.”
Crypto World
No Entry Fee, Share $600,000! Zoomex Launches the World’s First Zero-Cost Trading Competition: Let Skill Be Your Only Asset
Today, Zoomex, one of the world’s leading cryptocurrency trading platforms, officially announced the launch of the “2026 Zero-Cost Trading Competition.” This competition not only features a prize pool of up to $600,000 but also, through its “zero-cost” model, completely eliminates financial barriers, extending an invitation to traders worldwide: This time, let skill be the only factor that matters.
This competition not only provides participants with a professional trading experience at zero cost and zero risk but also embodies Zoomex’s consistent core values—fairness, impartiality, and transparency. On the Zoomex platform, every user starts from the same starting line; rankings are not influenced by capital size, and all rankings are determined solely by trading strategies and execution, ensuring that every participant can personally verify the platform’s transparency and fairness.
- Zero-Cost Participation, Zero Risk
Zoomex provides newly registered users with $100–$200 in bonus funds, allowing them to start the Individual Competition or Entertainment Challenge without making a deposit. Users can experience Zoomex’s user-friendly trading interface and streamlined workflow in a risk-free environment, making it truly easy to get started.
- Large Prize Pool, Opportunities for Everyone
- Individual Competition: Total prize pool of $100,000 USDT, split among the top 10 participants based on rankings determined by return on investment (ROI) and trading volume.
- Entertainment zone: Total prize pool of $500,000 USDT, featuring a combination of mystery boxes and lottery mechanisms—every trade gives you a chance to win big!
- Innovative Gameplay: Balancing Competition and Entertainment
The Individual Competition ranks participants based on a combination of total return (30%) and trading volume (70%), ensuring fair and transparent results. In the Entertainment zone, participants earn raffle entries through daily trading or check-ins—the more you trade, the higher your chances of winning—combining professional trading with fun interaction.
- Team Incentives: Easily Earn Extra Rewards
Invite friends to join and earn team trading volume rewards of up to $5,000 USDT. The more you trade, the greater your team’s earnings—effortlessly boosting community engagement.
Event Schedule
| Phase | Date (UTC) | Note |
| Early Bird Registration | May 12, 10:00 a.m. – May 14, 10:00 a.m. | Secure your spot early and enjoy exclusive benefits |
| Regular Registration | May 14, 10:00 a.m. – May 19, 10:00 a.m. | Register and complete the verification process to participate |
| During the Competition | May 19, 10:00 a.m. – June 1, 10:00 a.m. | The individual competition is now underway |
| Venue | May 12, 10:00 a.m. – June 1, 10:00 a.m. | Mystery box giveaways and check-in rewards are now available |
How to Participate
- Register for a new Zoomex account
- Submit your application and complete the risk control review
- Claim your bonus funds and start trading
- Compete in the individual or entertainment competitions
Spots are limited to 2,000 participants and will be filled on a first-come, first-served basis.
Since its establishment in 2021, Zoomex has adhered to transparent operations and strict regulatory compliance. We have not issued any platform tokens nor participated in any venture capital or incubation projects. The platform ensures the security of user funds, prohibits any misappropriation, and creates a trustworthy trading environment. This zero-cost competition is a concrete manifestation of Zoomex’s commitment to users: experience the thrill of real trading with zero capital on a fair, impartial, and transparent platform.
Zoomex has obtained authoritative security certifications from organizations such as Hacken, ensuring the platform’s secure, stable, and transparent operation, so users can participate with confidence.
Register for a new Zoomex account now, claim your bonus funds, and join the annual $600,000 USDT zero-cost trading competition to win big prizes with your skills!
About ZOOMEX
Founded in 2021, Zoomex is a global cryptocurrency trading platform with over 3 million users across more than 35 countries and regions, offering 700+ trading pairs. Guided by its core values of “Simple × User-Friendly × Fast,” Zoomex is also committed to the principles of fairness, integrity, and transparency, delivering a high-performance, low-barrier, and trustworthy trading experience.
Powered by a high-performance matching engine and transparent asset and order displays, Zoomex ensures consistent trade execution and fully traceable results. This approach reduces information asymmetry and allows users to clearly understand their asset status and every trading outcome. While prioritizing speed and efficiency, the platform continues to optimize product structure and overall user experience with robust risk management in place.
As an official partner of the Haas F1 Team, Zoomex brings the same focus on speed, precision, and reliable rule execution from the racetrack to trading. In addition, Zoomex has established a global exclusive brand ambassador partnership with world-class goalkeeper Emiliano Martínez. His professionalism, discipline, and consistency further reinforce Zoomex’s commitment to fair trading and long-term user trust.
In terms of security and compliance, Zoomex holds regulatory licenses including Canada MSB, U.S. MSB, U.S. NFA, and Australia AUSTRAC, and has successfully passed security audits conducted by blockchain security firm Hacken. Operating within a compliant framework while offering flexible identity verification options and an open trading system, Zoomex is building a trading environment that is simpler, more transparent, more secure, and more accessible for users worldwide.
For more info: Website | X | Telegram | Discord
The post No Entry Fee, Share $600,000! Zoomex Launches the World’s First Zero-Cost Trading Competition: Let Skill Be Your Only Asset appeared first on BeInCrypto.
SEC Chair Paul Atkins said Friday the agency is considering changes to how securities regulations apply to blockchain-based financial markets and AI-powered financial applications, as digital asset firms increasingly move trading and settlement activity onchain.
Speaking at the AI+ Expo in Washington, Atkins said the SEC is considering formal rulemaking around onchain trading systems, blockchain settlement infrastructure, automated financial applications and crypto vaults that increasingly blur the lines between traditional players.
Existing securities rules were designed around traditional market intermediaries such as brokers, exchanges and clearinghouses, he argued, while newer blockchain systems often combine those functions into a single software protocol. Atkins’ predecessor, Gary Gensler, had held a similar view, though he focused more on centralized exchanges that the SEC argued provided those different functions under one roof at the time, mostly through lawsuits.
“A single protocol can execute a trade, manage collateral, route liquidity, execute trading strategies through vault structures and settle the transaction,” Atkins said.
“We should remember that onchain market structures today are often hybrid in nature, combining elements of what are often referred to as ‘traditional’ and ‘decentralized’ finance,” he said. “We should clarify how the Commission views the spectrum of models that may implicate our statutes through notice and comment rulemaking, using our exemptive authorities where necessary and prudent.”
Atkins’ remarks highlighted the latest step in the regulatory agency’s pivot away from the enforcement-heavy approach under former Chair Gary Gensler. Under President Donald Trump’s administartion, the SEC has issued crypto-related staff guidance, no-action reliefs and public statements aimed at reducing legal uncertainty for digital asset firms.
The chair framed the potential changes as part of a broader shift toward an AI-driven and automated financial infrastructure. He argued that artificial intelligence agents will increasingly participate in markets and financial decision-making at machine speed, while blockchain rails allow those systems to move value instantly.
The SEC, he said, should avoid locking emerging technologies into outdated rules.
“Our job is to set the rules of play and referee the game, not to pick the winning team,” Atkins said.
He also reiterated support for congressional efforts to pass crypto market structure legislation, including the CLARITY Act, which would establish a regulatory framework for digital assets shared between the SEC and Commodity Futures Trading Commission (CFTC).
TeraWulf’s Q1 2026 results show $21 million in AI/HPC hosting revenue versus under $13 million from Bitcoin mining, marking the first quarter where high‑performance compute has overtaken BTC as the company’s primary revenue driver.
Summary
- TeraWulf generated $21 million from high-performance computing (HPC) hosting in Q1, surpassing less than $13 million from Bitcoin mining for the first time.
- Total Q1 revenue was $34 million, roughly flat year-on-year, while net loss widened to $427.6 million due largely to a non‑cash warrant revaluation.
- The company is rapidly converting mining infrastructure into AI/HPC data center capacity, a trend mirrored by rivals like Riot Platforms as miners recast themselves as “compute infrastructure” providers.
TeraWulf’s latest earnings show its business model tilting decisively away from pure Bitcoin mining and toward rented compute for AI and cloud workloads.
In its first-quarter 2026 results, the company reported total revenue of $34 million, with HPC leasing income reaching $21 million and digital asset mining bringing in just under $13 million, according to its earnings release. That marks the first time HPC has overtaken Bitcoin as TeraWulf’s primary revenue driver and follows several quarters of ramp-up at its Lake Mariner facility in New York.
A summary from NS3.AI, cited by Binance’s news feed, noted that Q1 revenue was “relatively stable compared to the same period last year,” but emphasized that the revenue mix has flipped, with more than 60% now coming from HPC hosting. MarketBeat’s transcript of the company’s earnings call highlights the same shift, describing Q1 as “a business in transition from volatile Bitcoin mining revenue to stable, credit-backed, contracted HPC revenue streams.”
From volatile mining to contracted AI compute
Chief financial officer Patrick Fleury told analysts that TeraWulf is deliberately swapping out exposure to Bitcoin’s price cycle for multi‑year, fixed‑fee compute deals. “In summary, 1Q reflects a business in transition from volatile Bitcoin mining revenue to stable contracted HPC revenue,” he said on the call, adding that “mining continues to strategically support this transition” while the company brings more AI capacity online.
The shift is already visible in operations. TeraWulf disclosed that it has 60 megawatts of HPC capacity generating revenue at its Lake Mariner data center and plans to expand that footprint over the rest of 2026. A prior 2025 update said the firm had begun building “dedicated HPC data halls” and remained on track to deliver 72.5 MW of gross HPC hosting infrastructure to Abu Dhabi’s Core42 unit, underlining that its growth market is now AI infrastructure, not new ASIC halls.
Financially, the quarter still looked messy. MarketBeat data show that the company’s net loss widened to about $427.6 million, driven in large part by a non‑cash loss on warrant revaluation as its share price and capital structure shifted. But Fleury stressed that underlying cash generation is improving as more HPC contracts ramp, and that “with more than 50% of first quarter 2026 revenue derived from HPC hosting, and additional compute capacity expected to come online in the second quarter and throughout the remainder of the year, we expect our revenue mix to continue shifting toward stable, contracted HPC hosting revenues backed by investment-grade counterparties,” according to a preliminary statement.
Miners race to become AI infrastructure plays
TeraWulf is not alone in this pivot. Riot Platforms has already reported its own first-quarter 2026 results, showing $167.22 million in total revenue, including $33.2 million from data center operations tied to AI and cloud customers, according to a Yahoo Finance recap. Reuters recently reported that activist investor Starboard Value is pressing Riot to “speed up AI data center deals,” arguing that the company is “well‑positioned to capitalize on booming demand for artificial intelligence infrastructure” thanks to its cheap power and existing campuses.
Crypto.news has chronicled this evolution in a broader story on miners’ post‑halving strategies, noting that firms from TeraWulf to Riot and Core Scientific are increasingly describing themselves as “compute infrastructure” companies rather than simply miners. Another crypto.news story contrasted the economics of AI compute versus Bitcoin mining, pointing out that long‑term AI contracts can offer steadier returns than block rewards in a high‑hashrate, high‑difficulty environment.
TeraWulf’s Q1 numbers show that shift moving from pitch deck to P&L. If AI demand for power‑dense, low‑latency data centers keeps rising and BTC’s economics remain cyclical and margin‑compressed, more miners are likely to follow — turning the “hashrate arms race” into a broader fight for who controls the world’s cheapest and most scalable compute.
This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter.
Josh Greear didn’t expect to fall in love with the franchise industry when he accepted his first CFO role at Primrose Schools, an early childhood education franchise organization, in 2018. Hooked on the franchise model, Greear stayed with the company for almost eight years.
Greear came to Primrose Schools from restaurant chain Cracker Barrel, where he started as FP&A director in 2009 before being named vice president of strategy and development in 2013. Greear previously held finance positions at organizations that included a healthcare management company and a Home Depot-owned wholesale distribution company.
In September 2025, Greear remained in franchising by joining Authority Brands, which owns 15 home service franchise companies. As CFO, he oversees a finance and technology team of about 100 people serving more than 1,000 franchise owners.
Josh Greear
CFO, Authority Brands
First CFO position: 2018
Notable previous employers:
-
Primrose Schools
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Cracker Barrel
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HD Supply
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The Home Depot
This interview has been edited for brevity and clarity.
SANDRA BECKWITH: You joined Authority Brands one month after the current CEO did and following a significant growth period. Why were you the right choice at that pivotal moment?
JOSH GREEAR: Authority Brands has historically grown by adding brands, and that will continue. But the real value is going to come from driving improved unit-level economics for our franchise owners.
In addition to my franchise industry experience, leadership was excited about my background leading operational initiatives, delivering margin expansion, supporting improvements for franchisees, spearheading development and growth and transforming businesses with data.
Your path to CFO ran through a vice president of strategy and business development role at Cracker Barrel – great experience for a CFO-to-be. Was that a deliberate career move? And what did it teach you that pure finance roles hadn’t?
It was absolutely intentional. Sandy Cochran, who hired me when she was CFO before being named CEO, and Larry Hyatt, the subsequent CFO, worked closely with me on my professional development. They eventually created the strategy and development role so I could get experience beyond the traditional finance disciplines.
I worked closely with the board to figure out how to grow the core business, which at the time was producing a lot of cash but had limited future growth options. We needed to determine exactly what the company needed to look like in the future.
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