Key takeaways

• Bitcoin has dipped below $80,000 after being rejected by the key 200-day EMA supply zone.
• US-listed spot ETFs recorded an outflow of $635 million on Wednesday.

Bitcoin (BTC) fell below $80,000 on Thursday after failing to overcome a key overhead supply area earlier this week. 

The pullback is attributed to fading institutional demand, with spot Exchange Traded Funds (ETFs) experiencing significant outflows, as well as a surge in traders’ profit-taking activity, increasing selling pressure on the leading cryptocurrency.

Highest single-day ETF outflow in three months signals weakening institutional demand

Institutional demand for Bitcoin has weakened, with spot ETFs recording a massive outflow of $635.23 million on Wednesday, the highest single-day withdrawal since the end of January. 

According to CoinGlass data, this marks the second consecutive day of withdrawals this week. If outflows persist or intensify, Bitcoin’s price correction could continue, further amplifying the bearish pressure.

Profit-taking among Bitcoin holders has surged, further adding to the selling pressure. CryptoQuant’s weekly report highlights that 14,600 BTC were realized in daily profits on May 4, the highest figure since December 10. 

The 37% rally from the April lows has brought Bitcoin holders back into profitable territory, triggering a wave of selling. This kind of behavior typically precedes further price declines, as traders capitalize on their gains.

Bitcoin price forecast: BTC could dip below $79,000

Bitcoin is trading at $79,458 on Thursday, having faced rejection from the overhead supply zone. 

The cryptocurrency has corrected for three consecutive days this week but is still holding above the 50-day and 100-day Exponential Moving Averages (EMAs), which are clustered just under $76,800. 

Despite this, Bitcoin remains capped below the 200-day EMA at $81,986 and the key 61.8% Fibonacci retracement at $83,437.

While the broader uptrend remains intact, the technical outlook suggests a cautious approach. The Relative Strength Index (RSI) hovers in the mid-50s, indicating a mild bullish bias, but the Moving Average Convergence Divergence (MACD) line is still in negative territory, hinting at tentative upside momentum.

If the bearish trend persists, immediate support is found at the 50% Fibonacci retracement level around $78,962, followed by the 100-day EMA at $76,756 and the 50-day EMA at $76,479. 

If selling accelerates, further support lies at the 38.2% Fibonacci retracement near $74,487 and the broken upward trendline around $70,171.

On the upside, bulls need to clear the 200-day EMA at $81,986 to ease immediate pressure. Resistance then emerges at the 61.8% Fibonacci retracement at $83,437 and the horizontal barrier near $84,410. 

A daily close above this level would strengthen the case for a renewed push toward the January highs of $97,924.

Oobit has extended its non-custodial crypto payments platform into Colombia, marking the ninth live market for the Tether-backed payments company as it deepens its footprint across Latin America. The rollout aligns with a broader regional shift toward stablecoins and crypto-based purchases, with Chainalysis data cited in the announcement showing the Colombian peso ranking second globally in centralized-exchange stablecoin purchases by currency.

Oobit enables users to spend digital assets directly from their wallets through a Visa-linked payment network that it says is accepted by more than 150 million merchants across over 80 countries. The platform emphasizes on-wallet spending without converting funds through traditional bank off-ramps, offering what it describes as a smoother, crypto-first checkout for everyday purchases.

Key takeaways

• Colombia becomes Oobit’s ninth live market, with Brazil showing the strongest early momentum since its November 2024 launch—activity there has risen more than 200%, and active users are spending about $400 per month across roughly 20 transactions.
• USDT accounts for the largest share of on-platform transactions, outpacing Oobit’s native token and USDC, underscoring the peso market’s preference for dollar-linked stablecoins in daily spending.
• Across LATAM, grocery purchases drive a substantial portion of activity (about 35%), with Brazil expanding usage into gas stations, beauty shops, and electronics retailers.
• The broader Latin American payments trend toward stablecoins is accelerating, with Mercado Libre launching stablecoin-based transfers in Brazil, Mexico, and Chile using its Meli Dollar token, and Bitso reporting stablecoins comprising a sizable share of 2025 crypto purchases.
• DefiLlama’s latest figures show the global stablecoin market expanding from roughly $243 billion to over $322 billion, highlighting the growing scale of stablecoins in crypto markets; observers also point to Bitcoin’s role as everyday money in parts of Africa as evidence of broader adoption patterns.

LATAM expansion and usage patterns

Colombia’s entry for Oobit places the country alongside its existing Latin American footprint, which includes Brazil, Argentina, and Chile. The company highlighted Chainalysis data indicating that the peso ranks second globally in the share of centralized-exchange stablecoin purchases by currency, signaling a pronounced inclination toward dollar-stable instruments for on-chain spending in the region.

On the ground, Oobit said activity in Brazil has surged since its market launch there in November 2024. Reported figures show more than a 200% increase in platform activity, with active Brazilian users spending an average of about $400 per month across 20 transactions. These metrics reflect a growing comfort level with crypto payments among everyday consumers who previously relied on traditional means for purchases.

USDT leads platform activity and what shoppers are buying

Within Oobit’s ecosystem, USDT (Tether) accounted for the largest slice of transactions, outpacing the platform’s native token and USDC. The preference for USDT aligns with broader regional trends toward stablecoins as a means of reducing volatility and expediting cross-border payments in LATAM markets where local fiat currencies can be volatile or constrained by banking friction.

In terms of spending categories, groceries and supermarkets made up about 35% of activity across Oobit’s Latin American footprint. The mix also includes dining out and retail purchases, with consumer behavior in Brazil extending beyond groceries to include gas stations, beauty shops, and electronics retailers as acceptance of crypto-based payments grows.

Oobit’s approach—allowing direct wallet-to-merchant payments without traditional off-ramps—appeals to users seeking speed and convenience, while merchants gain access to a broader, crypto-enabled customer base. The company’s announcement also noted the reach of its Visa-linked system, designed to facilitate broad merchant acceptance for crypto-backed payments.

Regional momentum: stablecoins become everyday money

The LATAM story sits within a wider pattern of stablecoin adoption for routine payments. In April, Mercado Libre, Latin America’s largest online marketplace, launched stablecoin-based transfers between Brazil, Mexico, and Chile using its Meli Dollar token. The token is operable within Mercado Libre’s ecosystem and can be issued as cashback to users, illustrating how e-commerce platforms are integrating stablecoins into their commerce and loyalty structures.

These developments sit alongside a 2025 Bitso report showing stablecoins accounting for about 40% of crypto purchases on its platform, more than double Bitcoin’s 18% share. Bitso’s data point to an increasingly prominent role for dollar-linked stablecoins in everyday crypto activity across the region, reinforcing Oobit’s Colombia expansion as part of a broader regional shift.

DefiLlama’s consolidated data adds another layer to the narrative: the global stablecoin market has grown from roughly $243 billion a year ago to more than $322 billion today. This growth underscores how stablecoins have evolved from a niche instrument into a foundational element of regional crypto commerce, particularly in markets where traditional financial rails can be uneven or expensive.

Beyond Latin America, the story of crypto-enabled payments is evolving in other regions as well. In parts of Africa, for example, Bitcoin is being described as an everyday money option by some merchants and users, illustrating a broader diversification in how digital assets are used for daily transactions rather than as purely investment vehicles. This trend is highlighted in industry discussions and related coverage on stablecoin and crypto payments dynamics across emerging markets.

For readers seeking broader context on related developments, coverage on Kast’s recent funding round signals continued investor interest in stablecoin-based payments startups, underscoring the growing convergence of payments and crypto infrastructure in the global market.

Analysts and observers note that the LATAM push by Oobit and peers occurs at a pivotal moment for crypto payments, where non-custodial usage, stablecoins, and merchant acceptance are increasingly intertwined with consumer habits and merchant incentives. The momentum suggests a shift away from purely on-exchange trading toward practical on-chain spending that leverages crypto for everyday purchases, while regulators monitor consumer protection and transparency in stablecoin markets.

Looking ahead, observers will be watching how Oobit scales in Colombia and whether similar non-custodial protocols gain traction in other markets with evolving financial infrastructure. Questions remain about how regulatory developments, local fiat liquidity, and merchant onboarding will shape the pace and breadth of adoption in the near term.

Readers should keep an eye on how Mercado Libre’s Meli Dollar strategy evolves and how Bitso’s regional data may foreshadow further diversification of stablecoins into daily commerce. As stablecoins integrate deeper into consumer ecosystems, the balance between convenience, risk management, and regulatory clarity will likely become the defining dynamic for investors and users alike.

Shiba Inu faces renewed competition as AI-focused crypto projects attract trader attention in 2026.

Shiba Inu is still one of the most recognized memecoins, but its 2026 price action shows a slower story. As of today, the price of SHIB is $0.0000063, down 1.62% over 24 hours, with a market cap of about $3.71 billion and 24-hour volume near $120.3 million.

That keeps the Shiba Inu price prediction debate active, especially for traders comparing meme coins with newer AI crypto projects.

Meanwhile, Poly Truth is gaining attention through PTRUE, an Ethereum-based presale tied to prediction market intelligence rather than meme demand alone.

How SHIB is trading in May 2026

SHIB remains far below its 2021 peak. Current data shows its all-time high at $0.0000862, while the current price sits near $0.0000063, leaving the token more than 90% below that record level.

However, the token still has real market activity. Its circulating supply is above 589 trillion SHIB, and its monthly price move was positive at 8.62%, even as the 7-day move stayed negative.

This creates a mixed setup. SHIB still has brand power, but it needs stronger volume and broader meme coin demand to start another major run.

Can Shiba Inu reach its old high again?

A return to the old high would require a much stronger market than SHIB has now. The token would need a large flow of new money, since its supply is already massive and its market cap is still in the billions.

Kraken’s prediction tool shows a slower path under a 5% annual growth input. Its table places SHIB at $0.0000063 in 2026, $0.0000080 in 2031, and $0.000013 in 2041, with Kraken noting that these results are based on the selected input rather than a future performance signal.

CoinCodex is also cautious in the near term. Its 2026 range places SHIB between $0.000005491 and $0.000006587, with the upper target showing only 4.78% growth from the listed price.

That does not mean SHIB is finished. It means the next move depends on stronger meme coin demand, not only past fame.

Why memecoin traders are looking at new themes

Shiba Inu became popular because it was easy to understand. It had meme energy, a low unit price, and a large online community that helped it spread fast.

However, the market in 2026 is more selective. Traders still follow memecoins, but many also want tokens linked to tools, data, games, payments, or AI systems.

That shift helps explain why AI crypto coins are getting more attention. A token with a clear job can be easier to follow when the market becomes crowded.

What Poly Truth adds to the 2026 crypto world

Poly Truth is not trying to copy Shiba Inu’s memecoin path. Its angle is based on a different question, since prediction markets often move on fast news, shifting odds, and public sentiment.

That creates room for tools that help sort information faster. Poly Truth aims to turn scattered data into easier probability-led reports, which fit a market where traders already follow event odds, crypto price targets, and macro news.

PTRUE has a total supply of 11.5 billion tokens. The allocation is split across the main parts of the project.

• Presale receives 40%.
• Liquidity pool receives 17%.
• Development receives 13%.
• Team receives 10%.
• Staking rewards receive 10%.
• Marketing receives 8%.
• Community and airdrops receive 2%.

At the time of writing, Poly Truth displayed 4,452% staking rewards, a listed Ethereum token address, and audit logos from Coinsult and SolidProof.

Its roadmap moves from presale and staking into data source integrations, exchange listings, alpha access, a dashboard, a Telegram bot, governance, new markets, and added listings.

AI crypto coins are pulling attention from pure meme demand

AI crypto projects are gaining interest because they connect token use to data, automation, and market research. That makes the story different from older meme coins that rely mostly on social buzz.

Poly Truth fits that shift through prediction market intelligence. The project is built to read active prediction events across sports, politics, crypto, and other markets, then show which outcome has stronger data support.

The process has three moving parts.

1. The Runners collect event data.
2. The Starlet compares sources and calculates probability scores.
3. The Presenter turns the work into a clear event brief.

This gives PTRUE a clear place in the AI crypto trend. It connects the token to access, staking, and future use inside a system built around data-backed prediction analysis.

What comes next for SHIB and AI tokens

The next Shiba Inu price prediction depends on whether memecoin demand can return with enough force. SHIB still has the name, the community, and the exchange access to stay relevant.

Still, the path to another huge move looks harder than it did in the early memecoin boom. SHIB now needs larger capital inflows to move sharply because its market cap is already far above that of smaller tokens.

Meanwhile, Poly Truth shows how newer crypto projects are taking a different route. PTRUE is tied to prediction intelligence, where the focus is on data, event analysis, and clearer market signals.That contrast is why both stories can exist at once. Shiba Inu remains a memecoin benchmark, while Poly Truth gives AI-focused crypto traders a newer angle to watch in 2026.

Key Takeaways

• Redwire shares climbed approximately 20% following the release of Q1 2026 results showing revenue of $97 million, representing a 57.9% year-over-year increase.
• The space infrastructure company closed the quarter with a backlog of $498.1 million, marking a 71.1% annual gain and a robust book-to-bill ratio of 1.92.
• Gross profit margin expanded significantly to 26.6%, compared to 14.7% in the prior-year period.
• Management maintained its full-year 2026 revenue forecast of $450 million to $500 million, implying roughly 41.6% growth at the midpoint.
• Wall Street firms including Alliance Global and Jefferies lifted their price targets after the earnings release, with executives highlighting wins in Andromeda, lunar energy infrastructure, and Stalker unmanned aerial systems.

Redwire (RDW) shares jumped nearly 20% during Wednesday’s trading session after the aerospace and defense contractor delivered impressive first-quarter earnings marked by a record order backlog and substantial margin expansion.

Redwire Corporation, RDW

First-quarter revenue totaled $97 million, marking a 57.9% climb compared to the year-ago quarter. The performance was powered by gains across both operating divisions — space-related revenue reached $52.7 million, while the defense technology segment generated $44.3 million, largely boosted by the Edge Autonomy transaction, which has now been completely integrated under the Redwire brand.

Shares traded approximately 19.76% higher during Wednesday’s session, signaling strong investor confidence in the quarterly performance and maintained forward outlook.

Gross margin represented a standout metric for the period. The figure reached 26.6%, a substantial improvement from 14.7% one year earlier and 9.6% during the fourth quarter of 2025. Company leadership credited the expansion to an improved contract mix, the transition of products from development phases into full production, and enhanced operational efficiency.

The quarterly net loss totaled $76.5 million, although executives emphasized that over $44 million represented one-time charges, including $42.5 million in non-cash equity compensation related to the Edge Autonomy integration. Adjusted EBITDA came in at negative $9.2 million, but CEO Peter Cannito indicated the company would have achieved positive EBITDA when excluding voluntary research and development investments.

Pipeline Growth Accelerates With Defense Contract Momentum

New bookings reached $186.5 million during the three-month period, producing a book-to-bill ratio of 1.92. This propelled total backlog to $498.1 million — representing a 21.1% sequential increase and 71.1% year-over-year expansion.

On the defense side, Redwire secured over $20 million in additional orders for its Stalker drone systems from the U.S. Navy and Marine Corps. The Marine Corps also placed its inaugural order for the enhanced navigation variant of Stalker Block 30, a platform with approximately 250 units already deployed by the service branch.

The Stalker technology also saw action during the U.S. Army’s Ivy Sting training operations, where Cannito noted it served as the sole fixed-wing vertical takeoff and landing platform in attendance.

Additionally, Redwire won a prime contractor position with Belgium’s Ministry of Defence to develop the country’s inaugural national security satellite, alongside a quantum-encrypted satellite contract through the European Space Agency’s QKDSat initiative.

Andromeda Program Opens Door to $6 Billion Market

Redwire earned a spot among 14 companies selected for Space Systems Command’s Andromeda IDIQ vehicle, initially valued at $1.8 billion across a decade. Cannito revealed the program’s aggregate ceiling is now projected to exceed $6 billion.

The firm also landed a $12.8 million agreement to deliver ELSA solar arrays to Moog, plus an additional $4 million award from NASA supporting pharmaceutical experiments on the International Space Station utilizing Redwire’s PIL-BOX technology.

Cannito indicated the company is pursuing opportunities within a multi-orbit Golden Dome architecture and continues to compete for lunar power network contracts. Redwire’s Roll-Out Solar Arrays are being positioned as a foundational technology for lunar electrical grid systems.

Full-year 2026 revenue guidance was held steady at $450 million to $500 million. The company closed the first quarter with $175.2 million in total liquidity, including $145.2 million in cash reserves.

Both Alliance Global and Jefferies analysts increased their price targets in response to the quarterly results.

Key takeaways

• Quant (QNT) extends its rally toward $80, supported by rising whale and retail demand. 
• A breakout above the $80 resistance could set the stage for a potential rise toward $100. 

Quant (QNT) has extended its recent gains towards the $80 mark on Thursday, testing the potential breakout from a long-standing resistance trendline. 

The cryptocurrency’s bullish technical outlook is supported by rising leverage-based activity from large wallet investors, or whales, with a daily close above $80 paving the way for a possible rally toward the $100 target.

Whale and retail demand fuel Quant’s steady recovery

Quant’s steady short-term recovery is being driven by growing demand from both retail and large-wallet investors. 

CryptoQuant data reveals an increase in the average order size of executed orders in the leverage market, indicating heightened whale activity. Additionally, the 90-day cumulative volume difference between buy and sell orders reflects a clear buy dominance, further supporting bullish sentiment.

CoinGlass data shows that QNT futures Open Interest (OI) has surged to $17.61 million, up significantly from $16.96 million on May 1. 

This steady recovery in QNT futures is now approaching the peak of $38.27 million reached on September 21, indicating continued investor interest and positive market sentiment.

Technical outlook: Will Quant reach $100?

The QNT/USD 4-hour chart is bullish as Quant is up by 7% in the last 24 hours. It is currently trading at $78, above the 200-day Exponential Moving Average (EMA) near $77.52. 

The Moving Average Convergence Divergence (MACD) histogram is positive, with the MACD line crossing above its signal and both moving above zero, signaling strong bullish momentum. 

The Relative Strength Index (RSI) hovers around 64, indicating firm bullish momentum, though edging closer to overbought territory as price approaches higher resistance levels.

If the rally continues, a decisive close above the descending trendline break level near $77.89 would confirm a breakout from the triangle pattern on the daily chart. 

Such a breakout could pave the way for a rally toward the $88.30 swing high, followed by the 127.2% Fibonacci extension level at $101.14.

However, if the bears regain control of the market, they would encounter initial support at the 50-day EMA near $72.03. 

A deeper pullback would target the 50% retracement level around $68.79, with further support found at the former rising trendline region near $67.86 and the 38.2% retracement near $66.86.

Key Highlights

• Interactive Brokers debuts a consolidated platform enabling access to prediction market instruments from Kalshi, CME Group, and ForecastEx through a single interface.
• Traders can take positions on political races, weather phenomena, and financial metrics — entertainment and sporting event contracts remain unavailable.
• Smart order routing technology directs trades to the exchange offering optimal pricing after accounting for transaction costs.
• Kalshi reports institutional participation has surged eight times over a half-year period and recently introduced block trading capabilities for high-volume participants.
• The brokerage firm posted all-time high first-quarter 2026 revenues of $1.68 billion with client accounts reaching 4.859 million, representing 31% annual growth.

Interactive Brokers has introduced a consolidated trading dashboard that provides clients with unified access to prediction market instruments across three domestic platforms: Kalshi, CME Group, and the company’s proprietary ForecastEx offering.

The trading interface became accessible to qualified users this week. Prediction contracts from Kalshi and CME Group are being incorporated progressively, with access determined by each client’s geographic location.

Traders can take binary positions on various scenarios including political election outcomes, environmental developments, and macroeconomic trends. The brokerage firm has indicated it will not incorporate contracts related to athletic competitions or entertainment industry events in the near term.

The integrated system displays pricing information from all three marketplaces and employs intelligent routing to execute orders at the most favorable net cost including commissions. Account holders can engage with prediction markets while maintaining positions in equities, derivatives, currency pairs, digital assets, and fixed income securities — eliminating the need for multiple account registrations.

Company founder and chairman Thomas Peterffy noted growing appetite from institutional capital allocators seeking to utilize prediction markets as hedging instruments against environmental catastrophes, climate change impacts, and raw material price volatility. He anticipates broader institutional participation as market depth increases.

Wall Street Participation Accelerates

Kalshi disclosed earlier this month that institutional transaction volume on its marketplace has multiplied eightfold during the preceding six-month window. The platform operator also unveiled block trading functionality, facilitating large-scale private negotiations characteristic of professional investor activity.

Kalshi co-founder and CEO Tarek Mansour rejected assertions that institutional market participants create asymmetric advantages. He referenced internal performance metrics demonstrating that individual traders without financial industry experience consistently rank among the platform’s most successful participants, outperforming institutional counterparts.

Detractors have characterized prediction markets as gambling mechanisms due to their binary payout structure. Market participants pay prices ranging from one cent to ninety-nine cents per contract, collecting one dollar upon correct predictions while forfeiting their entire investment when incorrect.

Peterffy dismissed the gambling comparison as “a silly concern,” emphasizing that these instruments address substantive questions regarding economic conditions and geopolitical developments.

Brokerage Firm’s Financial Results

Interactive Brokers announced record-breaking revenues of $1.68 billion for the first quarter of 2026, delivering earnings per share of $0.60 that aligned precisely with Wall Street consensus estimates. Customer accounts totaled 4.859 million as of April’s conclusion, marking a 31% year-over-year expansion.

Average daily trading volume for April reached 4.241 million transactions, an 11% improvement compared to the corresponding period last year. BMO Capital upgraded its price objective for Interactive Brokers shares to $93 following the quarterly report, maintaining its Outperform rating.

The equity has generated approximately 68% returns over the trailing twelve months and recently approached its 52-week peak of $87.37. The corporation commands a market valuation near $144 billion.

Top-line revenues for the firm expanded 19% over the past year to $6.4 billion.

Interactive Brokers indicated plans to broaden marketplace connectivity beyond the three currently integrated exchanges.