Crypto World
Intel (INTC) Stock Surges as Trump Expresses Regret Over 10% Stake Request
Key Takeaways
- President Trump expressed regret about requesting only a 10% government stake in Intel, stating he “should have asked for more”
- Intel shares climbed 0.68% in premarket Monday to $109.51, bucking broader market weakness
- The chipmaker’s recent quarterly performance exceeded forecasts: $0.29 EPS versus $0.01 expected, and $13.58B revenue against $12.32B projections
- The North Dakota State Investment Board initiated a fresh $5.53M Intel stake during Q4
- Wall Street maintains a Hold consensus with a $77.38 mean price target — significantly below current price levels
President Trump sparked renewed attention around Intel on Monday following a Fortune magazine interview where he revealed the federal government should have negotiated a larger ownership percentage in the semiconductor giant.
“He said, ‘You have a deal.’ I said, ‘Shit, I should have asked for more,’” Trump recalled during the conversation.
Shares of INTC reached $109.51 during premarket trading Monday, advancing 0.68%, even as broader indices showed weakness — Nasdaq futures declined 0.14%, indicating Intel-specific momentum.
Trump positioned the Intel equity arrangement within his broader economic strategy that blends tariffs, government equity stakes, and major commercial agreements designed to channel international investment into American markets. He referenced the national debt reaching “$38 trillion” as justification for pursuing non-traditional government participation in corporate strategies.
The statement created immediate market impact, driving share price movement.
Intel’s technical trajectory has been among the most volatile within the semiconductor space. Currently, the stock trades 11.9% above its 20-day simple moving average and an impressive 143.8% above its 200-day SMA. A bullish golden cross emerged in August 2025, triggering a sustained rally.
The 52-week price range paints a striking picture: from a low of $18.97 to a peak of $132.75. Intel currently occupies the upper end of this substantial range.
Quarterly Results Exceed Projections, Yet Uncertainty Persists
Intel’s latest quarterly financial report provided encouraging data for optimistic investors. The semiconductor manufacturer delivered earnings per share of $0.29, crushing the $0.01 consensus forecast by $0.28. Revenue reached $13.58 billion compared to the $12.32 billion estimate — achieving beats across both metrics.
Revenue increased 7.4% on a year-over-year basis. For a corporation that faced significant headwinds throughout the previous two years, this growth metric carries weight.
Intel has projected Q2 2026 EPS guidance at $0.20. The analyst community anticipates full fiscal year EPS of $0.63, with the upcoming earnings announcement scheduled for approximately July 23, 2026.
Notwithstanding the robust quarterly performance, Wall Street’s collective stance remains conservative. The consensus analyst price target stands at $77.38 — approximately 30% beneath current trading prices.
Professional Ratings and Institutional Portfolio Adjustments
Mizuho elevated its price objective to $124 on May 12 while maintaining a Neutral stance. RBC Capital Markets continued its Sector Perform rating with an $80 target. Tigress Financial Partners affirmed its Buy recommendation and increased its target to $118.
The divergence among price targets reflects underlying uncertainty — Wall Street analysts lack consensus, and the stock has surpassed most valuation frameworks.
Regarding institutional activity, the North Dakota State Investment Board established a new $5.53 million position during Q4, acquiring 149,868 shares. Multiple smaller investment advisors also expanded their holdings throughout the quarter.
April Miller Boise, an Intel Executive Vice President, divested 40,256 shares on May 1st at a $99.53 average price, trimming her holdings by 27.7%.
Intel recently announced a partnership as the official compute partner for McLaren Racing, creating high-profile visibility for its processor technology.
Erste Group Bank upgraded its FY2026 and FY2027 earnings projections for Intel, though certain analysts continue highlighting competitive threats from AMD and Arm in the server CPU market.
Critical resistance remains at $132.75 — the 52-week high watermark.
Crypto World
Bitcoin Sell Pressure Cools With 27% Breakout in Sight, But Whales Have Other Plans
Bitcoin (BTC) price is sitting near $76,875 with sell pressure cooling and a breakout setup forming, but the largest whale wallets and the Smart Money Index both lean the other way.
The setup follows a 27% rally between March 29 and May 6 that paused inside a downward-sloping channel. Whether bulls reclaim the breakout zone now depends on whether retail calm can outlast steady distribution from larger participants.
Sell Pressure Cools as Breakout Setup Holds
Bitcoin formed a bull flag pattern after rallying over 27% between March 29 and May 6. The pattern is a brief downward-sloping channel that follows a sharp move higher and often signals continuation toward a breakout.
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The flag’s lower trendline is under direct pressure as BTC tests the support edge. Selling volume, however, has cooled noticeably since May 15, hinting that bears may be losing steam and the breakout setup remains intact.
Supporting that technical read, on-chain data from Binance Research shows tightening supply across four metrics. Nearly 60% of Bitcoin supply has not moved in over a year, while Bitcoin exchange balances have fallen to 15.0% from the COVID-era peak of 17.6%.
The short-term holder MVRV, a metric that compares the current value of recent buyers’ coins against what they paid, has moved back above 1.0. The reading suggests fresh entrants are possibly sitting on small unrealized profits for the first time since November 2024.
The flag’s lower edge therefore appears to have a structural cushion from supply tightening, keeping the breakout case alive. Whether the largest cohorts agree is a separate story.
Whales Trim Supply as Smart Money Index Bails
The volume drop tells only half the story. Two of Bitcoin’s largest cohort signals have moved in the opposite direction since February.
Wallets holding between 100,000 and 1,000,000 BTC have steadily reduced their share of supply from 3.46% on February 20 to 3.31% as of May 18. The decline has been almost linear with no meaningful rebuilds, suggesting the largest Bitcoin whales are possibly distributing into the bounces for nearly three months.
Notably, no meaningful pickups happened while Bitcoin itself climbed to its early May peak, indicating big holders still view this phase as a weak one. That pattern undercuts the breakout narrative the cooling sell pressure has been building.
The Smart Money Index, a gauge that compares trading activity near the open against the close to track informed investor intent, has reinforced the caution. The index broke below its signal line on May 15, the first decisive breach since March 26.
An earlier dip in late April reclaimed quickly. The latest move looks steeper and has not been reclaimed, with Bitcoin sliding roughly 5% since that breakdown began.
Even with retail sell pressure cooling, the largest wallets and the smart money gauge both lean cautious. That sets up the price chart as the decider for whether the breakout still has a shot.
Bitcoin Price Levels That Decide the Breakout
The Bitcoin price now sits between two key technical levels. The zones are drawn from the swing low at $64,884 to the swing high at $82,830.
The 0.236 retracement at $78,595 caps any immediate upside. The 0.382 level at $75,975 is the first line of defense.
A daily close below $75,975 would push BTC into the 0.5 zone at $73,857. That level would erode the breakout case. A drop under the 0.618 mark at $71,739 would fully invalidate the pattern.
On the upside, the flag’s upper trendline support sits near $81,665. Reclaiming this and breaking above the swing high at $82,830 would confirm the breakout, re-extend the 27% rally, and likely draw fresh attention from the cohorts now distributing.
The pattern nuance worth flagging is that bull flags only confirm on a clean breakout above the upper boundary with rising volume. Until then, every test of the lower edge raises the odds of a clean breakdown rather than continuation. The $75,975 floor separates a flag continuation toward the $82,830 breakout from a measured slide toward $73,857 or lower.
The post Bitcoin Sell Pressure Cools With 27% Breakout in Sight, But Whales Have Other Plans appeared first on BeInCrypto.
Crypto World
Established Leaders and the Growth of ZunaBet
The online gambling industry has long been shaped by a handful of major operators. Bet365 and 888casino sit near the top of that list. Both have spent years building their reputations, expanding their game libraries, and attracting millions of players worldwide. But the market is shifting. A new wave of crypto-focused platforms is emerging, and among them, ZunaBet is drawing attention as a platform built from the ground up for a different kind of player. This article breaks down how these three platforms compare across games, payments, bonuses, loyalty programs, and overall direction.
Bet365: The Scale Operator
Bet365 is one of the biggest names in online gambling globally. Founded in 2000, the UK-based operator holds licenses in multiple regulated markets and is known primarily for its sportsbook, which is widely considered one of the most comprehensive in the world. Its casino arm offers a solid selection of slots, table games, and live dealer options from well-known providers.
Bet365 operates on a traditional fiat model. Deposits and withdrawals are handled through credit cards, bank transfers, PayPal, and other standard payment methods. The platform does not currently support cryptocurrency payments. Its welcome offers tend to be modest compared to some competitors, with a focus on sports betting promotions rather than large casino bonuses.
The loyalty system at Bet365 is relatively straightforward. There is no elaborate tiered program with public rakeback percentages. Instead, the platform relies on periodic promotions, free bets, and retention offers tailored to individual players. For many users, Bet365’s strength lies in its reliability, breadth of sports markets, and global reach rather than flashy bonus structures.
888casino: The Long-Running Brand
888casino has been around since 1997, making it one of the oldest online casino brands still in operation. It holds licenses from the UK Gambling Commission and the Malta Gaming Authority, among others. The platform offers a wide library of slots, jackpot games, table games, and a live casino section powered by providers like Evolution and NetEnt.
Like Bet365, 888casino operates entirely on fiat payment rails. Players can deposit using Visa, Mastercard, Skrill, Neteller, and similar options. There is no cryptocurrency support. The welcome bonus at 888casino typically sits in the low-to-mid hundreds of dollars range, depending on the market and current promotion. It is competitive but not among the largest in the industry.
888casino uses a tiered VIP program with levels that unlock based on activity. Benefits include bonus offers, faster withdrawals, and dedicated account managers at higher tiers. The system is functional but follows the same general template used by most traditional operators. There is nothing particularly unique about it compared to other legacy casino loyalty programs.
ZunaBet: The Crypto-First Challenger
ZunaBet launched in 2026 and takes a fundamentally different approach. Built by a team with over 20 years of combined industry experience, it was designed from the start as a crypto-first platform. It is owned by Strathvale Group Ltd and operates under an Anjouan gaming license.

The numbers are hard to ignore. ZunaBet offers over 11,000 games from 63 providers, including Pragmatic Play, Hacksaw Gaming, Evolution, Yggdrasil, and BGaming. That makes it one of the larger game libraries among crypto-focused casinos. The selection covers slots, RNG table games, and live dealer titles. Alongside the casino, ZunaBet runs a full sportsbook covering football, basketball, tennis, NHL, and esports titles like CS2, Dota 2, League of Legends, and Valorant. Virtual sports and combat sports round out the offering.

Where ZunaBet stands apart most clearly is payments. The platform supports over 20 cryptocurrencies, including BTC, ETH, USDT across multiple chains, SOL, DOGE, ADA, and XRP. There are no platform processing fees, and withdrawals are fast. For players who already hold crypto, this removes the friction of converting to fiat, waiting for bank processing times, or dealing with card declines that sometimes affect gambling transactions.

The welcome bonus is significantly larger than what Bet365 or 888casino typically offer. ZunaBet provides up to $5,000 plus 75 free spins spread across three deposits. The first deposit gets a 100% match up to $2,000 plus 25 spins. The second gives 50% up to $1,500 plus 25 spins. The third adds another 100% up to $1,500 plus 25 spins. That total package puts it well above the industry average for welcome offers.
Loyalty Programs: Traditional Tiers vs. Gamified Progression
This is where the philosophical difference between old and new platforms becomes most visible. Bet365 keeps things simple with ad hoc promotions. 888casino uses a tiered VIP system that rewards volume but follows a familiar pattern. Neither platform offers transparent, publicly stated rakeback percentages at each tier.

ZunaBet takes a different route with its dragon evolution loyalty system. The program has six tiers — Squire, Warden, Champion, Divine, Knight, and Ultimate — each with a clearly stated rakeback rate. Players start at 1% rakeback and can progress to 20% at the highest level. The program also includes tier-based free spins up to 1,000, VIP club access, double wheel spins, and a gamified mascot called Zuno. It is designed to feel more like progression in a game than a standard rewards program, which appeals to a generation of players who grew up with video games and expect that kind of engagement.
Crypto vs. Traditional Platforms
The broader trend behind ZunaBet’s approach is worth noting. Traditional operators like Bet365 and 888casino built their businesses around fiat currencies, regulated banking systems, and payment processors that come with their own fees and processing times. That model works and has worked for decades.
But crypto-native platforms are growing because they solve specific problems. Transactions are faster. Fees are lower. Players in regions with limited banking access can participate more easily. Privacy preferences are better served. And for the growing number of people who hold cryptocurrency as a primary asset, being able to gamble without converting to fiat is a practical advantage, not just a novelty.

ZunaBet sits squarely in this space. It was not built as a traditional casino that added crypto later. It was designed around crypto from day one, and that shapes everything from its payment infrastructure to its bonus structure to its target audience.
Where Things Stand
Bet365 and 888casino are not going anywhere. They have the licenses, the brand recognition, and the user bases to remain major players for years to come. They serve a broad market and do it well.
But ZunaBet represents something different. It is a platform built for players who want more games, bigger bonuses, transparent loyalty rewards, and the ability to use crypto without friction. With over 11,000 games, a full sportsbook, 20+ supported cryptocurrencies, and a loyalty program that clearly states what you earn at every level, it is positioning itself as the next step in what online casinos can look like.
For a new generation of players who think in crypto, expect gamified experiences, and want transparency in their rewards, ZunaBet is the platform to watch.
Crypto World
Salesforce (CRM) Stock Tumbles 25% as Bank of America Warns on AI Revenue Model
Key Takeaways
- Bank of America maintained its Underperform stance on Salesforce (CRM), setting a $160 price target that suggests approximately 8% downside from current trading levels.
- The firm highlighted three primary challenges: sluggish new customer acquisition, constrained expansion opportunities with existing accounts, and questionable AI revenue generation capabilities.
- Shares of CRM began Monday’s session at $173.77, hovering close to the 52-week low of $163.52, reflecting a 25% decline over the last half-year.
- Contrasting with BofA’s pessimistic outlook, the broader analyst community rates CRM as a Moderate Buy with a consensus target of $274.56.
- The company delivered fourth-quarter results exceeding expectations with $3.81 EPS and $11.20 billion in revenue, while authorizing a substantial $25 billion stock repurchase initiative.
Bank of America reaffirmed its Underperform position on Salesforce (CRM) at the start of the week, establishing a $160 price objective — calculated using 9x CY27 EV/FCF — which indicates potential downside of approximately 7.9% from the opening price of $173.77.
Shares of CRM kicked off Monday’s trading session dangerously close to the 52-week bottom of $163.52, after experiencing a substantial 25% pullback throughout the preceding six-month period. The stock currently trades significantly below its 50-day moving average of $184.17.
BofA identified three fundamental concerns driving its bearish thesis: lackluster growth in new customer acquisition, minimal opportunities to expand wallet share with current customers, and what analysts characterized as a questionable AI monetization strategy.
The financial institution perceives Salesforce as evolving from a high-velocity growth company into a mature enterprise focused on cash generation. BofA’s projections anticipate annual revenue growth around the 10% mark moving forward — representing a notable deceleration from the company’s historical expansion trajectory.
However, Salesforce’s underlying business metrics remain solid. The enterprise software giant delivered fourth-quarter earnings of $3.81 per share, surpassing analyst projections of $3.05 by a substantial $0.76 margin. Quarterly revenue reached $11.20 billion, narrowly exceeding the Street’s $11.18 billion estimate and representing 12.1% year-over-year growth.
Wall Street’s Broader Perspective
Bank of America’s bearish position represents a clear outlier. Among 39 analysts tracking the stock, 25 recommend buying, 11 suggest holding, and merely two — including BofA — advocate selling. One analyst has assigned a Strong Buy rating. The average price target stands at $274.56.
Truist Securities affirmed its Buy recommendation with a $280 price objective following the company’s TDX developer conference. Barclays sustained its Overweight rating alongside a $252 target. Jefferies continues to recommend buying the stock, though it reduced its price target from $375 down to $250.
Salesforce has implemented strategic measures to bolster shareholder value. This past March, the board greenlit a $25 billion share buyback authorization, empowering management to repurchase as much as 14.1% of shares outstanding — typically interpreted as leadership’s conviction that shares are trading below intrinsic value.
Director Purchases and Institutional Movements
Two board members executed stock purchases during March. Laura Alber acquired 2,571 shares at an average price of $194.58, while David Blair Kirk purchased 2,570 shares at $194.62. Both transactions represented significant increases to their respective holdings.
Institutional investors control 80.43% of outstanding shares, with multiple funds expanding their positions during the fourth quarter. Brighton Jones grew its stake by 13.7%, while Revolve Wealth Partners increased its holdings by 12.6%.
Salesforce recently reorganized its revenue reporting framework into two distinct segments — Agentforce Apps and Data 360 — mirroring evolution in its product portfolio. The company has also deepened its strategic alliance with Google Cloud to implement AI agents throughout Slack and Google Workspace environments.
Looking toward FY2027, Salesforce has projected EPS ranging from $13.11 to $13.19, with first-quarter guidance between $3.11 and $3.13. Current analyst consensus anticipates full-year EPS of $9.71.
The stock trades at a P/E ratio of 22.25 with a beta of 1.14, maintaining a robust gross profit margin of 77.68% and a conservative debt-to-equity ratio of 0.18.
Crypto World
VALR, Africa’s Leading Digital Asset Infrastructure Provider, Eyes Kenya for Expansion
[PRESS RELEASE – Johannesburg, South Africa, May 18th, 2026]
VALR, Africa’s leading digital asset infrastructure provider, served as diamond sponsor of the Kenya Blockchain & Crypto Conference held in Nairobi on 14 and 15 May 2026.
Peter Mwangi, VALR’s newly appointed Country Manager for Kenya, delivered a keynote address in which he outlined his vision for Kenya as an up-and-coming digital asset hub on the African continent. He drew parallels between the country’s pioneering adoption and development of mobile money and the opportunities in payments, financial inclusion, and infrastructure on the digital asset front. Shelley Havemann, VALR’s Head of Payments, participated in a panel discussion on stablecoins, the future of payments, and VALR’s role in transforming finance.
VALR also hosted a meetup in the capital for business leaders in finance to explore partnership opportunities. These activities underscore VALR’s strategic focus on Kenya and its support for the country’s emerging digital asset ecosystem.
Kenya’s Digital Finance Leadership and Recent Regulatory Progress
Kenya is recognised for its early and pioneering adoption of mobile money, which has driven significant advances in financial inclusion, payments, and broader economic participation across the continent. Recent regulatory developments have strengthened this foundation. The Virtual Asset Service Providers (VASP) Act was enacted in October 2025 and came into force in November 2025. The finalisation of the supporting 2026 VASP Regulations under the Capital Markets Authority establishes a clear licensing and oversight framework. This framework aligns Kenya with international standards, promotes investor protection and responsible innovation, and creates a solid base for digital asset growth. These steps reinforce the vision outlined in Mwangi’s keynote and position Kenya as an increasingly important digital asset market in Africa.
(Peter Mwangi, VALR’s Country Manager for Kenya)
VALR Brings Scale, Infrastructure, and Innovation
Founded in Johannesburg in 2018, VALR quickly grew to become South Africa’s largest crypto exchange by trading volume. It has since developed into Africa’s leading digital asset infrastructure provider. VALR processes more than 15 billion US dollars in stablecoin volumes annually and consistently ranks among the top 10 global minters of USDC. The platform serves over 1.8 million registered users and more than 2,000 corporate and institutional clients, including companies listed on the JSE and Nasdaq.
VALR offers institutional-grade infrastructure, including API integration, multi-account management, governance controls, an OTC desk, staking, lending, borrowing, VALR Pay, and crypto-as-a-service solutions that power other institutions’ offerings. The company also recently launched its AI Service, which features an intuitive chat assistant for market analysis, account insights, and support, together with open API support for autonomous AI agents under the open Agent Skills Standard.
Through its conference participation and Nairobi meetup, VALR is bringing this proven expertise and infrastructure directly to Kenyan institutions and the wider African market. VALR welcomes discussions with Kenyan financial institutions and businesses interested in partnership opportunities.
About VALR
Founded in 2018, headquartered in Johannesburg, and backed by leading investors including Pantera Capital, Coinbase Ventures and Fidelity’s F-Prime Capital, VALR is a global crypto exchange, and the leading digital asset infrastructure provider on the African continent, offering a comprehensive suite of products, including Spot Trading, Spot Margin, Perpetual Futures, Staking, Lending, Borrowing, OTC services, VALR Invest, Crypto Bundles, and VALR Pay. Licensed by South Africa’s FSCA, with regulatory approval in Europe, VALR serves over 1.8 million registered users and 2,000 corporate and institutional clients worldwide. The exchange is dedicated to advancing a just financial future that upholds human dignity and the unity of mankind. For more information, visit valr.com.
The post VALR, Africa’s Leading Digital Asset Infrastructure Provider, Eyes Kenya for Expansion appeared first on CryptoPotato.
Crypto World
Goldman Sachs Dumps XRP and SOL: Altcoins Market Could Crash
Goldman Sachs has reduced exposure to XRP and Solana, according to recent portfolio disclosures. The timing raises an obvious question: is this institutional profit-taking, or something more structural?
Both assets have catalysts on the horizon, but the exit signal from one of Wall Street’s most-watched desks is hard to ignore.
The bank’s exit reflects an institutional shift away from higher-beta altcoins and toward large-cap anchors like BTC and ETH. While XRP’s regulatory overhang has been resolved, SOL’s sharp one-week drawdown of nearly 11% has reignited questions about its dependence on speculative memecoin cycles, even with the Foundation President’s statement on memecoins.
Neither asset delivered a clear breakout in recent sessions despite windows of opportunity. The data points to a market in transition, with altcoin liquidity thinning and institutional appetite shifting to infrastructure plays closer to Bitcoin’s base layer.
Discover: The best pre-launch token sales
Can XRP and SOL Survive Goldman Sachs Exit?
XRP is holding a narrow range between $1.38 and $1.42, with bulls defending the $1.35 support floor established during recent consolidation. Resistance sits at $1.50, a zone where XRP has stalled repeatedly across the past several weeks.
XRP’s moves remain tightly correlated with altcoin flows rather than any idiosyncratic driver, meaning upside depends heavily on macro risk sentiment flipping positive.
SOL’s picture is sharper and more painful. Down almost 12% on the week, the current $85 level is its last support. A hold there opens a potential rebound toward $95. However, a clean break below $80 would expose prior consolidation zones with limited technical support.
Solana’s roadmap developments, including Alpenglow and MEV design changes, remain longer-term positives, but they do not resolve near-term selling pressure.
Discover: The best crypto to diversify your portfolio with
Bitcoin Hyper Targets Early Mover Upside as XRP and SOL Test Key Levels
When established altcoins face institutional exits and technical stress simultaneously, capital doesn’t disappear; it rotates. SOL’s 12% weekly drawdown and XRP’s range-bound stagnation are exactly the conditions that push active traders to look earlier in the cycle.
Bitcoin’s own price action has been consolidating, but the infrastructure being built on top of it is accelerating.
Bitcoin Hyper is positioning itself at that intersection. The project is the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration. It smart contract that executes at Solana-level speeds, secured by Bitcoin’s network.
The pitch is direct: break Bitcoin’s core constraints like slow transactions, high fees, and no programmability, without sacrificing its trust model. The presale has raised more than $32.7 million to date, with $HYPER currently priced at $0.01368. Staking is live alongside the presale buy option at the current rate of 35% APY.
Bitcoin Hyper presale details are available here.
The post Goldman Sachs Dumps XRP and SOL: Altcoins Market Could Crash appeared first on Cryptonews.
Crypto World
Bitcoin Drops to $76K as Fresh US-Iran Tensions Resurface
Bitcoin (BTC) dropped to $76,000 during the early Asian trading hours on Monday as US-Iran tensions resurfaced.
Key takeaways
- Bitcoin falls to $76,500 as bearish momentum becomes increasingly tied to geopolitical developments.
- Over $607 million in long positions have been liquidated in the last 24 hours.
- Bitcoin traders say support at $76,000 should hold to avoid a BTC price drop to $65,000.
Bitcoin hits three-week lows with 7% drop
Data from TradingView showed BTC price dropped as much as 7% over the last three days to three-week lows of $76,500, erasing all the gains made since May 1.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView
The losses come just days after BTC/USD reached 13-week highs around $83,000, boosted by strong inflows into spot exchange-traded funds and optimism surrounding the US CLARITY Act.
Related: BTC price ‘bull trap’ at $76.5K? Five things to know in Bitcoin this week
On Sunday, however, US President Donald Trump issued fresh threats against Iran regarding delays in the peace agreement, warning that the “clock is ticking.”

Source: TruthSocial/Donald J. Trump
“Trump confirms the clock is ticking for Iran. The US is allegedly preparing for a potential new military operation against Iran,” analyst CryptoRover said in a Monday post on X, adding:
“This is extremely dangerous for $BTC.”
The move in Bitcoin was accompanied by $607 million in long liquidations over the last 24 hours, with BTC long liquidations accounting for $190 million.
This brought the total liquidations across the crypto market over the last 24 hours to $677 million.

Total crypto liquidation across all exchanges. Source: CoinGlass
Oil also saw volatility, with WTI rising over 3% in a matter of hours to $104 per barrel before correcting to $101.

CFDs on WTI crude oil one-hour chart. Source: Cointelegraph/TradingView
“WTI surged above $103 as Trump publicly lost patience with stalled peace talks and a waiver for Russian crude sales expired, adding to supply fears around the still-disrupted Strait of Hormuz,” trading resource Capital.com said in a Monday X post, adding:
“Higher oil means hotter future inflation, reinforcing higher-for-longer Fed expectations and lifting both the dollar and yields — a tough combination.”
Bitcoin traders say bears “back in the driver’s seat”
Bitcoin traders, meanwhile, looked at the technical setup for clues as to where the price might head next.
Analyst CryptoJelleNL said that a bearish divergence from the relative index as BTC/USD ran into resistance at $82,000 was responsible for the “pullback we’re in right now,” adding:
“Bears getting back in the driver’s seat?”

BTC/USD daily chart. Source: X/CryptoJelleNL
MN Capital founder Michael van de Poppe said immediate support at $76,000 should hold to “prevent a market-wide crash.”
An accompanying chart showed other support levels to watch if this area is lost, including the $71,000-$73,000 demand zone and the local low at $65,000.

BTC/USD chart. Source: X/Michael van de Poppe
The local low at $65,000 coincides with the target of an inverted V-shaped pattern, as shown on the daily chart below. This represents a 16% drop from the current price.

BTC/USD daily chart. Source: Cointelegraph/TradingView
Note that the BTC/USD pair experienced a similar sharp correction of the same magnitude after being rejected by the 200-day moving averages in April 2025.
Crypto World
Ford (F) Stock Surges 7% on EDF Energy Partnership and European Expansion Plans
Key Highlights
- Ford shares rallied 6.9% in premarket hours Monday, rebounding from Friday’s 7.5% decline
- Ford Energy secured a five-year agreement with EDF Group for battery storage systems totaling up to 20 gigawatt-hours
- The automaker unveiled seven new European models through 2029, including five consumer vehicles and two commercial offerings
- Ford Pro’s global software subscription base reached 879,000 in Q1 2026, marking a 30% annual increase
- UBS maintained its Buy recommendation with a $14 target price, while reducing its 2027 earnings projection by approximately 10%
Ford shares surged 6.9% during premarket hours Monday, staging a sharp recovery following Friday’s 7.5% decline. The rally was fueled by two distinct announcements — one of which didn’t involve automobiles at all.
The company’s recently established energy division, Ford Energy, announced a framework agreement with French energy giant EDF Group to deliver up to 20 gigawatt-hours of battery energy storage systems across a five-year period. Initial deliveries are slated to begin in 2028.
Ford Energy focuses on serving utility-scale operations, data centers, and commercial and industrial clients across the United States. This EDF partnership represents a significant milestone for the newly launched division, providing its first substantial commercial foundation.
On the vehicle front, Ford revealed its European product roadmap featuring seven new models arriving by the end of 2029. The announcement came during a dealer and partner event held in Salzburg, Austria.
The lineup includes five consumer vehicles: a compact SUV from the Bronco family to be manufactured in Valencia beginning 2028, a pair of small electric vehicles, and two crossover models. Each of these five offerings will feature multiple powertrain configurations, including hybrid and electric alternatives.
Ford Pro Strengthens European Commercial Position
The two additional models belong to the Ford Pro commercial vehicle portfolio. The Ranger Super Duty boasts a payload capacity approaching 2 tonnes and towing capability of up to 4.5 tonnes. The Transit City represents a fully electric urban delivery van, scheduled for release later this year with an estimated range of 254 kilometers.
Ford Pro has maintained its leadership position in the European commercial vehicle market for 11 straight years. The division currently serves 1.2 million connected customers, generating approximately six million vehicle health data points each day.
The company introduced new Dealer Uptime Services designed specifically for small business customers. Initial pilot programs demonstrated repair time reductions of up to 50%, with 80% of maintenance issues identified proactively before escalating into major problems.
Software Revenue Gaining Momentum
Ford’s worldwide paid software subscription count climbed to 879,000 during Q1 2026, representing a 30% year-over-year increase. This business segment is generating gross margins above 50%.
The automaker aims for software and services to contribute 25% of Ford Pro’s operating income. This represents a significant strategic evolution for a company still navigating its path to profitability — Ford recorded a negative EPS of $1.53 over the trailing 12 months.
Market analysts anticipate a turnaround this year, with consensus estimates projecting an EPS of $1.64 for 2026.
Ford recently expanded its employee pricing incentive to all U.S. consumers through July 6, applicable to most 2025 and 2026 Ford and Lincoln vehicles.
In related news, Chinese automotive manufacturer Geely has acquired a portion of Ford’s Almussafes manufacturing facility in Valencia, Spain, with potential plans to produce a Ford vehicle model at the location.
UBS reaffirmed its Buy rating on Ford shares after conducting a tour of the company’s EV Development Center located in Long Beach, California. The firm established a $14 price objective, reduced from $15, attributing the adjustment to elevated commodity costs impacting its 2027 profitability forecast.
Ford stock has gained 18% during May, positioning it for its strongest monthly showing since 2023.
Crypto World
Ondas (ONDS) Stock Climbs After Announcing Acquisition of Israeli AI Defense Firm Omnisys
Key Highlights
- Ondas (ONDS) announced a definitive agreement to purchase 100% of Omnisys, an Israeli firm specializing in AI-driven Battle Resource Optimization (BRO) software.
- The BRO platform boasts a 25-year operational history and has been validated in large-scale combat environments.
- This strategic move will introduce a high-margin software component to Ondas’ portfolio while strengthening its footprint in international defense sectors.
- Omnisys’ BRO technology will merge with Ondas’ current infrastructure to establish a comprehensive “sense-decide-orchestrate-act” operational model, working in tandem with the SkyWeaver AI system.
- Shares of ONDS traded 1.5% higher in premarket hours after the deal was disclosed.
Ondas (ONDS) announced its intention to acquire Omnisys, an Israeli developer of AI-enhanced battlefield management software, marking a significant expansion into software-centric defense solutions.
Shares of ONDS increased 1.5% during premarket trading following the announcement.
Omnisys develops Battle Resource Optimization (BRO) software, a platform designed to assist military forces in mission planning, resource distribution, and executing time-sensitive decisions across various combat theaters simultaneously.
With a quarter-century of operational experience, Omnisys claims its BRO platform has been successfully implemented in sophisticated defense scenarios worldwide, including intricate multi-tier air defense operations.
Eric Brock, CEO of Ondas, characterized BRO as a “proven, battle-tested software platform” that adds substantial value by enhancing both mission planning and live operational execution in multi-domain settings.
The transaction involves acquiring complete ownership of Omnisys. Ondas submitted a Form 8-K filing to the SEC detailing the acquisition agreement’s specifics.
Integration with Current Ondas Technology
The BRO platform will complement Ondas’ existing SkyWeaver AI technology, functioning as an orchestration and optimization component.
When combined, these platforms are designed to deliver what Ondas describes as a “sense-decide-orchestrate-act” operational framework — supporting intelligence, surveillance, reconnaissance, strike missions, electronic warfare, counter-unmanned aircraft systems, and air defense capabilities.
Ofer Yarden, CEO of Omnisys, expressed enthusiasm about leveraging Ondas’ worldwide presence to introduce BRO technology into global defense markets outside of Israel.
The vendor-neutral architecture of BRO enables compatibility with diverse defense systems and infrastructure, independent of specific hardware dependencies.
Strategic Rationale Behind the Acquisition
Ondas has been systematically expanding its autonomous systems capabilities, incorporating ISR platforms, counter-UAS technologies, and comprehensive defense solutions.
Incorporating a revenue-generating, software-centered business with attractive profit margins aligns perfectly with this strategic direction.
According to Ondas, BRO will function as a “core orchestration layer” throughout its expanding product lineup — integrating sensors, platforms, and effectors into a unified operational ecosystem.
The system employs AI algorithms and advanced operations research techniques to produce real-time tactical options throughout the entire mission spectrum, from initial planning stages to post-operation assessment.
Oshri Lugassy, Co-CEO of Ondas Autonomous Systems, emphasized that BRO facilitates “true closed-loop operations” — an architecture where threat identification, decision processes, and responsive actions occur within a single integrated network.
Ondas further noted that this acquisition reinforces its expansion into American and allied defense markets while fast-tracking its transition toward fully integrated, software-defined defense ecosystems.
Crypto World
Iran Launches Bitcoin Insurance for Strait of Hormuz Shipping
Iran launched Hormuz Safe, a state-backed Bitcoin-settled maritime insurance platform for cargo transiting the Strait of Hormuz.
The move lets sanctioned shippers pay premiums in crypto for instant digital coverage, potentially unlocking billions in new revenue while deepening crypto’s role in global energy trade.
Iran’s Bitcoin Insurance Bets Big on Hormuz Risk
Iran’s Ministry of Economic Affairs and Finance rolled out the platform around May 16-18, 2026. Coverage activates immediately upon Bitcoin confirmation, delivering a signed digital receipt to owners.
“Hormuz Safe provides Iranian shipping companies and cargo owners with fast, verifiable digital insurance — paid via Bitcoin and settled at the speed of the blockchain,” the official site states.
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$10 Billion Revenue Target Amid Sanctions
Iranian officials project more than $10 billion in annual revenue if the service captures a meaningful share of insurance for traffic through the world’s critical oil chokepoint, which handles roughly 20% of global seaborne crude.
The platform focuses initially on Iranian entities but signals broader ambitions for Persian Gulf operators seeking alternatives to Western insurers restricted by sanctions.
Crypto as Sanctions Lifeline
By settling in Bitcoin and other cryptocurrencies, Hormuz Safe bypasses traditional banking rails and SWIFT. This fits Iran’s ongoing strategy to monetize its strategic waterways while reducing dollar dependence.
The Strait remains a high-risk zone, where insurance costs have spiked due to geopolitical tensions. Hormuz Safe offers a crypto-native workaround.
The official website hormuzsafe.ir remains under construction but promises full details soon.
Global shipping firms and regulators will watch closely for adoption, compliance risks, and potential U.S. secondary sanctions responses.
Success could accelerate crypto integration in maritime trade and set a precedent for other sanctioned nations.
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The post Iran Launches Bitcoin Insurance for Strait of Hormuz Shipping appeared first on BeInCrypto.
Crypto World
South Korea’s KB Financial Completes Stablecoin Pilot for Offline Payments
KB Financial Group, the parent company of South Korea’s largest bank, KB Kookmin, completed a stablecoin pilot for offline payments and cross-border remittances through the Kaia blockchain.
KB tested the lifecycle of a South Korean won-denominated stablecoin, including issuance, merchant settlement and remittances, with Kaia, electronic payments company KG Inicis and fintech firm OpenAsset, local outlet Yonhap reported.
The stablecoin pilot adds to the growing list of legacy financial institutions in South Korea experimenting with stablecoins. In late April, one of the nation’s largest credit card providers, Shinhan Card, signed a memorandum of understanding with the Solana Foundation to test stablecoin payments.
KB Kookmin is South Korea’s largest bank with over 584.9 trillion won ($266.7 billion) in total assets, according to the bank’s factbook for the fourth quarter of 2025.

Source: Kaia
Stablecoin test reduced remittance fees by 87%
As part of KB Financial’s experiment, a won stablecoin was converted into a US dollar stablecoin and delivered to a bank account in Vietnam.
The full transfer was completed in under 3 minutes, with an 87% fee reduction compared to the same transaction executed through the SWIFT network, a Kaia spokesperson told Cointelegraph in an email.
The SWIFT network is the messaging network for international payments used by thousands of banks and financial institutions worldwide.
The offline payment test was executed through Seoul-based coffee franchise Hollys, enabling users to pay through QR codes, without needing to install a cryptocurrency wallet.
Related: Vietnam eyes Q3 launch for regulated crypto asset market: Report
KB plans stablecoin services launch after regulations take effect
KB is reportedly preparing to launch stablecoin services once digital asset regulations are established in the country.
But the country’s proposed Digital Asset Basic Act has repeatedly stalled due to disagreements between regulators over who should be allowed to issue stablecoins.
The Bank of Korea, the nation’s central bank, has argued that banks should retain majority ownership of stablecoin issuers, while the Financial Services Commission warned that strict limitations could slow innovation.
Formal deliberations are unlikely to resume before South Korea’s June local elections.
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