Crypto World
Coinbase Exec Forecasts May Markup for CLARITY Crypto Bill
The CLARITY market structure bill in the United States could be marked up by the Senate Banking Committee as early as next week, according to Kara Calvert, the vice president of US policy at Coinbase. Speaking at the Consensus 2026 crypto industry conference in Miami, Calvert indicated that momentum is building toward a committee vote, but stressed that passage will require broad bipartisan support and a solid 60 votes in the Senate.
“My prediction is that we have a markup next week,” Calvert said at Consensus 2026. “That means you need Democrats. You need a bipartisan bill, and we have all been working really hard to make sure that bipartisanship holds. I think the big question is, how do these votes shape up over the next few days?”
“That means you need Democrats. You need a bipartisan bill, and we have all been working really hard to make sure that bipartisanship holds. I think the big question is, how do these votes shape up over the next few days?”
In context, a HarrisX poll released on Thursday underscored broad appetite for clear federal crypto rules. The survey found that 70% of voters believe the US should already have enacted clear cryptocurrency legislation, and 62% regard the US as pivotal in setting global rules for digital finance.
However, the path forward remains uncertain. The CLARITY bill previously stalled in January after Coinbase withdrew its support, citing concerns including insufficient protections for open-source software developers, a prohibition on stablecoin yield, and certain DeFi regulatory gaps. As Cointelegraph reported, these issues contributed to hesitation among industry participants about advancing the legislation without further refinements.
Related coverage notes that a broader political dynamic may influence timing. A separate report cited a US senator suggesting a vote on crypto market structure could occur by August, signaling ongoing legislative attention to the sector even as specific provisions remain contested.
A key takeaway highlighted by Calvert is that the tax framework surrounding crypto remains a central hurdle to institutional adoption. The prevailing view is that coherent tax policy is often more critical to mainstream participation than the exact contours of market structure legislation. Institutional actors seeking to acquire and hold digital assets face complex tax reporting burdens that add cost and compliance risk.
Tax reporting requirements under current regulations require crypto exchanges to document numerous transactions for IRS purposes, including small-value trades. Calvert described the process as an inefficient burden that undermines the attractiveness of crypto as an asset class for institutions. In this context, several lawmakers have advanced tax reform proposals aimed at simplifying treatment for digital assets, with the Digital Asset PARITY Act among the notable efforts under consideration.
Looking ahead, Calvert estimated that tax reform discussions could gain momentum in 2026, with potential action in both chambers in the coming months. She noted that while market structure legislation remains on the congressional radar, a robust tax policy framework could have a more decisive impact on institutional participation in crypto markets.
Key takeaways
- The CLARITY Market Structure Act could receive a markup in the Senate Banking Committee as early as next week, signaling renewed congressional attention.
- passage hinges on bipartisan support and securing 60 votes in the Senate, a threshold that requires cross-party collaboration.
- Public sentiment strongly favors clear federal crypto rules, with a majority of voters supporting expedited regulatory clarity and leadership in global digital finance norms.
- Past resistance centered on protections for open-source developers, DeFi regulation gaps, and restrictions on stablecoin yields; these concerns may shape ongoing negotiations.
- Tax policy remains a primary barrier to institutional adoption, with proposed reforms toward simplifying crypto taxation and reporting highlighted as critical to broader participation.
Legislative timing and bipartisan dynamics
The forthcoming markup reflects a broader strategy to finalize a coherent federal framework for crypto markets. Calvert’s view underscores the practical challenge: a bipartisan coalition is essential to pass controversial market safeguards that touch on exchanges, developers, and liquidity providers. The Senate’s willingness to engage on a comprehensive package, rather than piecemeal provisions, will likely influence not only the CLARITY bill’s fate but also the pace of related tax and regulatory proposals.
As observers weigh the political calculus, it is clear that the administration and lawmakers are intent on avoiding a regulatory gap that could jeopardize perceived global competitiveness. The balance between investor protection, innovation, and regulatory clarity remains at the center of the debate, with industry stakeholders monitoring committee schedules and drafting discussions closely.
Tax policy and institutional adoption barriers
Beyond market structure specifics, a coherent tax regime is viewed as a pivotal enabler or constraint for institutions. The current framework, which some describe as misaligned with the complexities of digital assets, imposes extensive reporting obligations that increase administrative costs and compliance risk for banks, custodians, and asset managers. Calvert pointed to the volume of 1099-DA-style reporting as an example of how tax rules can hamper efficient participation in crypto markets.
In parallel with package discussions, lawmakers have introduced tax-focused proposals aimed at providing parity and reducing unnecessary friction for legitimate crypto activities. The Digital Asset PARITY Act—among the measures cited by industry participants—illustrates congressional efforts to simplify tax treatment while preserving compliance controls. The ongoing debate over how best to align tax policy with evolving market realities is expected to shape both legislative posture and enforcement priorities in the near term.
From an enforcement perspective, the interplay between tax policy, regulatory oversight, and market structure is material for exchanges, banks, and institutions seeking reliable, lawful access to digital asset markets. Regulatory filings and policy papers indicate a move toward greater clarity on reporting standards, transfer of value, and custody requirements—areas that directly impact licensing, risk management, and internal governance for market participants.
On the regulatory horizon, the CLARITY debate unfolds within a broader ecosystem that includes discussions on stablecoins, DeFi governance, and the scope of permissible activities for non-custodial protocols. As policymakers weigh these elements, the potential for harmonization with international standards—while preserving US innovation and market integrity—remains a central objective.
Regulatory context and market implications
The ongoing debate around the CLARITY Act sits at the intersection of policy design and practical compliance needs. For exchanges and institutions, a clear federal framework can reduce legal uncertainty, facilitate licensing, and streamline cross-border operations. Conversely, if final legislation imposes stringent restrictions on stablecoin yields or imposes expansive DeFi regulations, firms may face higher compliance costs and strategic reconsiderations about product design and market participation.
Industry observers also note that regulatory alignment with federal rules would complement international efforts, including Europe’s MiCA framework, by providing a common baseline for compliance expectations and reporting standards. While MiCA addresses certain aspects of digital asset markets within the EU, the US approach continues to emphasize a combination of specific rules for tokens, platforms, and custodial services, with enforcement priorities determined by agencies such as the SEC, CFTC, and DOJ.
In this context, the poll results indicating broad demand for federal clarity acquire particular significance: if policymakers deliver a comprehensive, bipartisan package, institutions may accelerate due diligence, risk assessments, and governance updates to align with forthcoming requirements. Conversely, protracted negotiations or partial measures could maintain a level of regulatory uncertainty that complicates capital allocation and program design for large firms and financial intermediaries.
According to Cointelegraph, the regulatory debate remains active, with stakeholders watching for signs of how the next weeks’ markup and related tax discussions might translate into concrete policy outcomes. The evolving framework will influence licensing trajectories, reporting obligations, and the risk controls that underpin institutional participation in digital assets.
Closing perspective
The next steps in the CLARITY bill process will be closely watched by market participants, policymakers, and regulators alike. A markup in the near term would signal renewed congressional attention and set the stage for negotiations on a broader policy architecture that could shape institutional access to crypto markets for years to come. While much remains unresolved, the emphasis on bipartisan support and tax policy coherence will likely determine the trajectory of US crypto regulation in the near term.
Dario Amodei, co-founder and chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026.
Prakash Singh | Bloomberg | Getty Images
Global banks, tech giants and governments were sent scrambling last month to contain the risks posed by Mythos, the Anthropic model said to be so powerful that it has found thousands of previously unknown vulnerabilities in the world’s software infrastructure.
There’s just one problem: the capability they’re worried about is already here.
Cybersecurity experts and artificial intelligence researchers told CNBC that the software vulnerabilities revealed by Mythos can be found using existing models, including those from Anthropic and OpenAI.
“What we are seeing across the industry now is that people are able to reproduce the vulnerabilities found with Mythos through clever orchestration of public models to get very, very similar results,” said Ben Harris, CEO of cybersecurity firm watchTowr Labs.
Mythos has jolted executives and policymakers alike over concern that a perilous new era of AI-enabled cybercrime may be near. Anthropic limited its release to a few American companies including Apple, Amazon, JPMorgan Chase and Palo Alto Networks to reduce the risk that bad actors get their hands on it.
Even with that precaution, the release has prompted the Trump administration to consider new government oversight over future models.
It’s the latest in a string of high-profile launches from Anthropic that have intensified its rivalry with OpenAI as the two AI giants approach their highly anticipated initial public offerings. Weeks after the arrival of Mythos, OpenAI CEO Sam Altman announced GPT-5.5-Cyber, a model specifically tailored for cybersecurity.
OpenAI on Thursday allowed limited access to GPT-5.5-Cyber to vetted cybersecurity teams.
The controlled rollout of Mythos, part of a security measure called Project Glasswing, was to give the corporate world time to gird its cyber defenses against a coming onslaught of attacks from criminal groups and adversarial nations.
“The danger is just some enormous increase in the amount of vulnerabilities, in the amount of breaches, in the financial damage that’s done from ransomware on schools, hospitals, not to mention banks,” Anthropic CEO Dario Amodei said this week at an Anthropic event.
‘Scary enough’
But to those fighting in the trenches of cyber warfare, one of the key capabilities advertised by Anthropic — to find software vulnerabilities at scale — has been around since last year.
“The models that we have right now are powerful enough to detect zero days in a large scale, and this is scary enough,” Klaudia Kloc, CEO of cybersecurity firm Vidoc, told CNBC.
That has been the case for “a couple of months, if not a year,” she said.
The term “zero-day” refers to a previously unknown software flaw that hasn’t been patched, giving attackers a window to exploit it before defenders can respond.
Researchers at Vidoc leaned on a technique called “orchestration” to test if they could find the same vulnerabilities that Mythos did. As the name suggests, the process involves creating workflows that split code into smaller pieces, coordinating between various tools or models to cross-check results.
“We ran older models against the same code base to see if we’d be able to detect the same vulnerabilities,” Kloc said. “We did, with both OpenAI and Anthropic’s older models.”
Another cybersecurity firm, Aisle, found that many of Mythos’s headline results could be reproduced using cheaper models working in parallel — suggesting that scale and coordination were more important than having the latest model.
“A thousand adequate detectives searching everywhere will find more bugs than one brilliant detective who has to guess where to look,” Aisle founder Stanislav Fort wrote in a blog post.
In comments to CNBC, Anthropic didn’t dispute that earlier models were capable of finding software vulnerabilities.
In fact, a company spokesperson said, Anthropic has been warning for months that AI’s cyber capabilities were advancing rapidly. They pointed to a February blog post showing that Claude Opus 4.6, a widely available model, found more than 500 “high severity” vulnerabilities in open-source software.
At the Anthropic event this week, Amodei affirmed this point, saying that while the scale of software vulnerabilities found by Mythos surged from earlier models, the trend wasn’t new.
“The risks are very real. This is why we took the actions we did,” Amodei said. “But they’re also, in some sense, not that surprising. … We’ve been seeing warnings of this for a while.”
Hysteria and panic
What makes Mythos different is its ability to take the next step, developing working exploits with little or no human input, effectively automating a process that previously required skilled researchers, the Anthropic spokesperson said.
But hackers working for criminal groups and adversarial nations already have this skill set, cyber researchers say. Hackers in North Korea, China and Russia “know how to do this, with or without Anthropic,” Kloc said.
The threat of AI-enabled hacking has corporations and government regulators worried about protecting crucial systems from a new wave of ransomware and other types of attacks, according to Harris.
He described conversations with banks, insurers and regulators in recent weeks as “hysteria.”
Even before the advent of generative AI, corporations faced the problem of skilled hackers exploiting newfound vulnerabilities in hours, while patching the code often takes days or weeks. Some patches require key systems to be taken offline, complicating matters.
“The industry is panicking about the number of vulnerabilities they face now,” Harris said. “But even before Mythos is widely available, it couldn’t fix vulnerabilities fast enough.”
Before, only a tiny population of experts globally had the ability and time to find obscure vulnerabilities in software and exploit them, according to Harris. Now, using currently available AI models, the barriers of entry to wreaking cyber havoc have been lowered.
That means that banks and other targets will see more attacks, and that software systems that previously didn’t draw as much interest from cybercriminals will now face threats, Harris said.
Advantage: Offense
While Anthropic, OpenAI and others are working on developing cyber defense capabilities commensurate with the problems they have identified, the initial advantage goes to offense, not defense, researchers say.
JPMorgan’s Jamie Dimon suggested as much when he said last month that while AI tools could eventually help companies defend themselves from cyberattacks, they are first making them more vulnerable.
“You have a significant increase in the volume of vulnerabilities discovered, but they don’t seem to have deployed a tool that helps you fix them,” said Justin Herring, partner at the law firm Mayer Brown and former executive deputy superintendent for cybersecurity at New York’s financial regulator.
“Vulnerability management is the great Sisyphean task of cybersecurity,” Herring said.
The limited group that was part of the initial Mythos release got a head start on patching vulnerabilities, but there is a downside. AI researchers haven’t been given access to Mythos to independently verify Anthropic’s claims or to begin building defenses against it.
Some say it prevented the wider cyber community from being part of the solution.
It has created “tiers of haves and have-nots,” which could stunt the pace of cybersecurity innovation, said Pavel Gurvich, CEO of cybersecurity startup Tenzai, which uses Anthropic’s models.
Many cybersecurity startups are working on solutions that can help businesses in this new era of AI, he said.
“They’re trying to figure out the best way to fix the world before this becomes accessible to the world,” said Ben Seri, co-founder of cybersecurity startup Zafran Security. “It’s this kind of chicken-and-egg situation, and you’re going to break some eggs. It’s unavoidable.”
Bitcoin is trading around $80k, holding slightly above the psychological threshold that has defined the ceiling of every recovery attempt over the past three months. The ascending channel is intact, the 100-day MA reclaim is holding, and BTC is now pressing into the zone between the current price and the 200-day MA. This area is a stretch of approximately $4–$5k that contains the next meaningful resistance.
Beneath all of this, one of the most unusual features of this entire rally is only now beginning to resolve: the recovery was built almost entirely on negative funding rates.
Bitcoin Price Analysis: The Daily Chart
Bitcoin has spent the last few days consolidating above the $80k mark amid rejection at the ascending channel’s upper boundary, a meaningful contrast to prior breakout attempts that reversed quickly. The 100-day MA currently at approximately $72k has been cleanly reclaimed, and the RSI is sustaining in the 60–65 range. This signals healthy momentum without the frothy excess that preceded prior failures.
The immediate path higher runs through the $88k–$90k blue resistance band, followed by the 200-day MA descending near $84k, which will likely be the harder test given how long it has been above the price. On the other hand, a drop back below the $76k order block support would be the first sign the move is failing and would refocus attention on the 100-day moving average and the lower boundary of the channel just below $70k.
BTC/USDT 4-Hour Chart
After pushing into the $82k area where the upper channel boundary and the static resistance zone converge, the asset has pulled back to the current $80k level in what might look like a healthy short-term reset. The RSI on the 4-hour chart, though, has dropped rapidly from its recent overbought peak to 50, indicating a massive weakening of momentum on this timeframe.
However, the yellow bullish trendline from early April is still intact and provides dynamic support near $79k. Below this trendline, the same bullish order block mentioned on the daily analysis can be the demand zone that holds the price on a deeper correction.
Meanwhile, as long as the price holds above $79k-$80k on a 4-hour closing basis, the structure remains constructive, and the next push toward the $82–$84k zone is the primary scenario. However, if a break below the yellow trendline and the order block at $76k occurs, the rejection from the upper boundary of the channel will be viewed as a bearish reversal that can push the price all the way back toward the $70k region and further delay a full recovery.
On-Chain Analysis
One of the defining features of Bitcoin’s recovery from $60k to $80k is that it happened almost entirely amid persistently negative funding rates. From February through early May, the perpetual futures market was dominated by short positioning, which is shown by the red bars ranging from -0.005 to -0.02. Meanwhile, the price climbed approximately $20k in this period.
This combination is the fingerprint of a short-squeeze driven rally, as spot buyers and forced short liquidations powered the move, not fresh long positioning. It is structurally healthier than a leverage-fueled surge precisely because it does not carry an overhang of highly leveraged longs that need to be unwound on the next pullback.
The current funding rate reading of +0.002 marks the first sustained move toward neutral and marginally positive territory since the correction began. Futures traders are seemingly beginning to shift their positions from short to long as the price action forces a reassessment. This transition from disbelief to early acceptance is a natural stage of recovery, and could be the fuel the market needs to overcome the $80k resistance zone in the coming weeks.
The post Bitcoin Price Analysis: Rejection at $83K Shows Major Weaknesses in BTC’s Structure appeared first on CryptoPotato.
In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in!
In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the most critical events driving global markets.
👉 Key topics covered in this episode:
✔️ US Inflation Rate
The US inflation report on 12 May could become a key short-term catalyst for the dollar, especially as markets remain cautious amid geopolitical uncertainty and steady Fed policy expectations. While headline inflation has accelerated due to rising energy prices, traders will closely watch whether inflationary pressures continue to build. Will persistent inflation support the US dollar, or will markets continue to expect no Fed rate changes this year?
✔️ UK GDP Data
The British pound is showing relative strength ahead of the UK GDP release on 14 May, with recent GBP moves largely driven by US dollar dynamics and improving UK economic data. As traders assess quarterly and annual growth figures, the release could trigger heightened volatility in GBP pairs. Will strong GDP data support a sustained recovery in the pound, or will broader market uncertainty limit further gains?
✔️ US-China Meeting
Attention will also turn to the reported meeting between Donald Trump and Xi Jinping on 14-15 May in China. While the event itself may not trigger major volatility, any comments or signals on trade, geopolitics, or global cooperation could influence overall market sentiment and risk appetite. Will the meeting help ease geopolitical concerns, or add further uncertainty to global markets?
To summarise, the market outlook remains driven by a combination of macroeconomic data and geopolitical developments, with no clear dominant trend yet established.
In this environment, traders closely monitor incoming data, being flexible and getting ready for short-term volatility.
Gain insights to strengthen your trading knowledge.
💬 Don’t forget to like, comment, and subscribe for more professional market insights every week.
Watch it now and stay updated with FXOpen.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Stablecoins have moved from crypto niche to an institutional priority, but the next phase of adoption will depend on infrastructure, privacy and real-world usability, executives from MoonPay, Ripple and Paxos said at Consensus Miami 2026.
Richard Harrison, MoonPay’s vice president of banking and payment partnerships, said traditional finance firms are entering stablecoins faster because regulation has made the market easier to navigate.
“What GENIUS brought us was clarity,” Harrison said. “It was like a permission slip for companies to enter into stablecoins.”
Harrison said stablecoins are also a natural evolution of payments, where speed and convenience have long been limited by legacy rails. Cross-border transfers can still take days and remittances can carry steep fees, he said, while stablecoins allow near-instant, one-to-one value transfer.
Still, Harrison said stablecoins represent only a small share of global remittances today and may reach roughly 10% within five years. Business-to-business payments are already a clear use case, he said, but consumer adoption remains harder.
Jack McDonald, Ripple’s senior vice president of stablecoins, said institutional customers require regulated products, strong counterparties and trusted custody arrangements before moving meaningful volume on chain.
“For institutions to really unlock the full demand … you have to be regulated at the highest level,” McDonald said.
He said Ripple is focused less on stablecoin market capitalization than on utility, including payments, corporate treasury movement and collateral use in capital markets. McDonald said Ripple’s stablecoin complements XRP rather than competing with it, because transactions on the XRP Ledger still use XRP as the native token.
Brent Perrault, senior staff software engineer at Paxos, said newer regulated stablecoins can compete by emphasizing trust, distribution and user incentives. He cited PayPal USD’s growth and large institutions such as Charles Schwab using Paxos infrastructure as signs of demand from sophisticated financial firms.
But Perrault said privacy remains unresolved. Public blockchains expose transaction amounts and flows, and partial privacy is insufficient if users eventually move between private and public environments.
Harrison compared stablecoins to electric cars: the core product works, but adoption depends on supporting infrastructure.
“How do you use stablecoin to pay your rent?” he said. “How do you use it to buy a cup of coffee?”
European Central Bank (ECB) President Christine Lagarde rejected calls for euro-denominated stablecoins, arguing they cannot strengthen the currency’s international role and could destabilize bank funding across the eurozone.
Speaking at the Banco de España LatAm Economic Forum in Roda de Bará, Spain, Lagarde framed the speech as a direct rebuttal of the US GENIUS Act and the argument that Europe must answer with its own dollar substitute.
Two Functions, One Policy Split
Lagarde separated stablecoins into two functions to set up her case, arguing that conflating the two has distorted European policy.
- The monetary function extends a reserve currency’s global reach.
- The technological function provides on-chain settlement for tokenized assets.
Stablecoins now top $324 billion in market value. Nearly 98% are denominated in dollars, with Tether and Circle issuing roughly 90%.
Transaction flows already hit 7.7% of GDP across Latin America and 6.7% across Africa and the Middle East. Lagarde used those numbers to show the dollar’s reach is already deeper than the euro’s outside Europe.
“Stablecoins reduce those frictions, as digital access is faster and easier than hard cash, and it reaches savers in countries where weak currencies can erode savings. In economies where access to a stable currency has historically been constrained, transaction flows already reach around 7.7% of GDP in Latin America and 6.7% in Africa and the Middle East,” she explained.
The US GENIUS Act, signed in 2025, framed federal stablecoin oversight as a tool for preserving dollar primacy. She quoted that intent to contrast it with Europe’s Markets in Crypto-Assets Regulation (MiCAR), which entered force in 2024.
Industry Challenges the Diagnosis With Europe’s Alternative Path in Focus
However, critics outside the bank ecosystem reject Lagarde’s framing, with Rand Hindi, founder of encryption firm Zama, issuing a sharp on-the-ground counterargument.
“And yet, the entire developing world is adopting the dollar thanks to USDT. This is the next petrodollar, it’s so obvious to anyone who has been on the ground…” he noted.
Hindi also pointed at dollar adoption inside the bloc itself. He claimed European startups raise, invoice, and pay in dollars and use euros only for tax obligations.
Lagarde used the speech to spotlight infrastructure work the Eurosystem already has underway. The Pontes pilot will link distributed ledger platforms to TARGET for wholesale settlement in central bank money from September.
The Appia roadmap targets a fully interoperable European tokenized ecosystem by 2028. Earlier 2024 trials settled roughly 1.6 billion euros across nine jurisdictions in 50 transactions.
Lagarde argued that a public anchor would let MiCAR-compliant stablecoins and tokenized bank deposits compete on safer ground without ceding settlement rails to dollar issuers.
The split is now explicit.
- Washington is building a dollar moat through private stablecoin issuance.
- Frankfurt is betting that public infrastructure and a deeper capital union will keep the euro relevant on chain.
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The post Why ECB President Christine Lagarde Rejects Europe’s Answer to the GENIUS Act appeared first on BeInCrypto.
Bitcoin’s (BTC) briefly slipped from $79,000 to just $0.019 today on UK online banking platform Revolut. Mercifully, the dip lasted just a few seconds before it returned to its original price.
Using Google Chrome, Revolut displays the low between 7:45/50 GMT+1 as $73,000. However, the platform’s mobile app mobile displays the BTC drop as low as $0.019.
Revolut told Protos that the inaccurate pricing was caused by “a service disruption at a third-party provider.” It said the issue has since been solved and that it’s still “in the process of evaluating the details of the disruption.”
There was a flurry of confusion from onlookers on X this morning as they wondered whether or not a flash crash had taken place.
Many received a push notification from Revolut on their lock screens claiming that BTC had reached a 52-week low, and that the price was now $0.02. This would be closer to an all-time low.
Read more: Hot air at AWS causes Coinbase outage
All Revolut told users at the time through its support account is that it’s “currently experiencing technical issues affecting some crypto functionalities.”
However, it’s still unclear if this third-party disruption, leading to BTC’s brief cratering, was the result of a visual glitch or liquidity issues. Neither CoinGecko nor Coinbase are displaying such BTC crashes.
Visual glitches and flash crashes aren’t uncommon
Similar visual glitches aren’t uncommon in the crypto world. Binance, for example, displayed a glitch in people’s wallets last year that dropped everybody’s balance to $0.
This was caused by “network congestion,” which followed a $400 billion crash in the global crypto market just days beforehand.
In 2021, crypto exchange PDAX briefly listed BTC for $6,000, almost 90% cheaper than it was at the time. Users rushed to buy at the low price, and PDAX began suspending accounts.
The exchange then began to exchange legal threats with buyers. The listing in the end was a visual glitch.
Read more: Explained: How bitcoin market sell orders cause flash crashes
Other flash-crashes involved a sudden 10% BTC dip on South Korean crypto exchange Bithumb. The platform accidentally rewarded a user 2,000 BTC (worth $134 million at the time), who then sold it afterwards, causing the dip.
UK banks also experienced a weird visual glitch earlier this year that displayed the transactions and bank account details to random users.
People were reporting that they could see other people’s transactions, and the issue was widespread across Lloyds, Halifax, and the Bank of Scotland.
Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.
Toncoin (TON), Zcash (ZEC), and Venice Token (VVV) make up the top 3 altcoins flashing bullish daily structures this weekend. Each token enters Saturday with fresh breakouts on rising volume and clear paths toward the next major Fibonacci targets.
Each coin has cleared a critical resistance level over the past week. Supporting voices on X point to extended legs higher if current consolidations resolve in favor of buyers.
Toncoin (TON) Breaks Out Above $2.74 With Path to $3.10
Toncoin (TON) has broken out from a multi-month accumulation zone on May 4. Daily volume on the breakout candle was the largest green print on the chart since October.
Buying volume has continued to expand every session since. Price now trades at the 0.618 Fibonacci retracement at $2.74. The level is drawn from the August 2025 high down to the April low at $1.12.
A daily close above this level opens the path to the 0.786 Fib at $3.10. In the event of a correction, the first major support sits at the 0.382 Fib near $2.12.
Momentum readings have pushed near 93. The Bollinger Band Width Percentile (BBWP) also flashes extreme red readings, signaling stretched conditions. However, no bearish divergence has formed yet, which keeps the immediate trend intact.
The breakout coincides with fresh enthusiasm around the network. Telegram founder Pavel Durov has outlined a roadmap that puts Telegram itself as the largest TON validator.
Trader Zach Humphries sees the move as the start of a textbook expansion phase. He argues that TON is now testing a distribution block at $2.89. A flip of that level into support would open a longer-term path to $6.
“The expansion phase on $TON is playing out exactly as scripted… If we flip this resistance into support the path to $6.00 is wide open for the summer.”
Zcash (ZEC) Breaks $533 Resistance With $628 Next on the Map
Zcash (ZEC) has trended higher since April 13, when the price bounced off the 0.236 Fib at $317. Two days ago, the privacy coin broke through the 0.618 Fib at $533. That level also coincided with the December 29 swing high (blue circle).
The next target sits at the 0.786 Fib near $628. On the downside, the 0.382 Fib at $400 marks the first meaningful support if buyers lose control. The Visible Range Volume Profile (VRVP) shows the last significant resistance node near $690, with thin volume above that pocket.
Momentum is stretched. The 14-day Relative Strength Index (RSI) prints 86, deep in overbought territory, while BBWP also signals extreme volatility expansion.
The breakout has coincided with a sharp burst of institutional interest. Multicoin Capital disclosed a significant ZEC position at Consensus Miami this week. ETF speculation has accelerated alongside a fresh Robinhood listing.
X analyst TheMoonShow shared an hourly chart showing a tight consolidation triangle that resolved to the upside above $580.
“$ZEC looks like it’s getting ready for ATHs. Consolidated after the breakout and now looks ready for another expansion move.”
Venice Token (VVV) Pushes to $13.96 With $17.30 Target
Venice Token (VVV) is the strongest performer of the three. The native token of the Venice AI ecosystem has reached a fresh 2026 high near $13.96. Price has trended higher since the breakout on February 13.
A Fibonacci retracement drawn from the February 13 low to the current swing high reveals two key support zones. The 0.618 Fib sits at $9.30, and the 0.382 Fib rests at $6.42.
Upside targets come from external Fibonacci extensions. The 1.272 extension lands at $17.30 and the 1.618 extension at $21.52.
The 14-day RSI sits at 80 and continues to trend up without any bearish divergence. Volatility, measured by BBWP, also remains in expansion mode.
A move into the $20 zone would sit between the 1.272 and 1.618 external Fib levels. Both extensions are mapped on the daily chart. For traders eyeing the VVV longer-term path, the same structure remains intact as long as $9.30 holds on any pullback.
Top 3 Altcoins Outlook for the Weekend
All three setups remain technically aligned for upside continuation, as long as their respective breakout levels hold. A close below $2.51 (TON), $400 (ZEC), or $9.30 (VVV) would invalidate the immediate thesis. Such a move would shift focus to deeper retracements.
The bullish case rests on momentum staying expanded through Saturday and Sunday. If buyers absorb supply at the current Fib levels, each chart points to an extended leg higher into next week.
The post Top 3 Altcoins Flashing Bullish Setups Heading Into the Weekend appeared first on BeInCrypto.
Chainlink (LINK) closes a multi-month accumulation phase as on-chain data shows whales adding 32.93 million tokens in 30 days. The setup positions LINK for a potential push toward $15.
LINK trades near $10 after a 1% pullback, with the daily chart breaking its August 2025 trendline. The four-hour structure still flashes caution after a midline rejection earlier this week.
Whales Stack 32.93 Million LINK in 30 Days
Santiment data shows wallets holding 100,000 to 10 million LINK absorbed 32.93 million coins in one month. That marks a 7.7% rise in 30 days. Collective holdings from this cohort now sit at an all-time high above 461 million LINK across roughly 461,000 wallets.
This tier matters because it sits between retail traders and exchange-controlled custodial accounts. These addresses move meaningful capital but stay non-custodial, making their behavior a cleaner read on conviction. Santiment wrote:
“Historically, when this specific tier accumulates aggressively, it tends to precede rather than react to price appreciation.”
The pattern lines up with the chart. Absorption happened through Q1 2026 while LINK traded sideways near multi-month lows. Reduced exchange supply now sets up what Santiment frames as an early-stage supply squeeze. The setup gains weight if Bitcoin (BTC) sustains its bid.
Chainlink Price Prediction Eyes $15 if $9.40 Holds
The daily chart paints a constructive picture that aligns with the on-chain signal. Chainlink broke its descending trendline drawn from the $28 high on August 22, 2025. The breakout occurred on March 15 and was retested cleanly on March 22 (blue circle).
The Visible Range Volume Profile (VRVP) places the heaviest volume support near $9.40. That zone is now acting as the base. Above the current price, the next significant volume blocks line up near $15 and $17.52.
The first measured target sits at the 0.382 Fibonacci retracement near $15.08. That marks a roughly 50% move from current levels. The next confluence sits at the 0.5 Fibonacci near $17.52, with $19.96 as a stretch target at the 0.618 Fibonacci.
The thesis is reinforced by daily RSI, which has bounced off a descending trendline drawn from July 2025. That trendline acted as resistance throughout 2026 and turned into support in early May. The shift pushed RSI back into bullish territory and printed a higher high.
A daily close below $9.40 would invalidate the bullish setup and reopen the prior consolidation range. With the broader BTC trend holding, whale accumulation combines with broken downtrends to keep LINK biased higher into the volume zones above.
Four-Hour Structure Flashes Near-Term Caution
The on-chain conviction does not translate into immediate momentum on lower timeframes. LINK has been trading inside an ascending parallel channel since February 6, showing a clear behavioral shift mid-stream.
During the first half of that span, price rode the upper portion of the channel. The upper band acted as resistance, and the midline as support. After March 26, that dynamic flipped. LINK started to trade in the lower half.
The midline now acts as resistance, and the lower band as support.
On May 6, the four-hour candle was rejected from the channel midline near $10.40. The price now struggles to confirm prior resistance at $10 as new support. MACD on the four-hour chart points to continued downside pressure.
If sellers extend the rejection, the lower band of the channel sits near $9.30. A reclaim of the midline opens the way to the upper band at $11.46. Sustained acceptance over $10 turns this near-term structure constructive again and aligns the lower timeframe with the daily breakout.
The post Chainlink Whales Add 32.93 Million LINK as Price Targets $15 Breakout appeared first on BeInCrypto.
Key Takeaways
- Daiwa Securities shifted Qualcomm’s rating from Neutral to Outperform, establishing a $225 price objective
- Shares of QCOM climbed 6% during Friday’s session after rising 5.6% pre-market from Thursday’s $202.50 close
- The chipmaker’s stock has surged more than 60% over the last month
- Second-quarter earnings showed EPS of $2.65, topping the $2.56 forecast, though revenue declined 3.5% annually
- Management authorized a $20 billion buyback program; average analyst target stands at $176.54 with a Hold consensus
Shares of Qualcomm experienced a significant 6% surge during Friday’s trading session following an upgrade from Daiwa Securities, which moved the semiconductor company from Neutral to Outperform. The firm established a $225 price objective, suggesting approximately 11% potential appreciation from present trading levels.
After settling at $202.50 on Thursday, the stock showed strength in pre-market activity with a 5.6% advance. The past month has been particularly rewarding for shareholders, with QCOM delivering gains exceeding 60%.
Louis Miscioscia, the Daiwa analyst behind the upgrade, highlighted Qualcomm’s promising revenue expansion trajectory and what he characterized as reasonable current valuation levels.
His research note posed whether the company might become the next chip sector player to experience a price-to-earnings multiple expansion, drawing parallels to Arm Holdings’ recent valuation reassessment.
Miscioscia identified an approaching investor presentation as an important near-term catalyst, where executive leadership is anticipated to detail strategic initiatives in data center processors, physical computing solutions, and edge artificial intelligence applications.
Second Quarter Results: Performance Analysis
The company delivered second-quarter earnings of $2.65 per share, surpassing Wall Street’s $2.56 projection by nine cents. Total revenue reached $10.60 billion, meeting analyst forecasts.
Year-over-year comparisons showed a 3.5% revenue contraction from the prior year period, when the company posted $2.85 per share. Forward guidance for the third quarter called for earnings between $2.10 and $2.30 per share, missing analyst expectations.
Despite the conservative near-term outlook, Miscioscia emphasized that investors should prioritize Qualcomm’s long-range growth opportunities over quarterly fluctuations.
The board of directors greenlit a substantial $20 billion stock repurchase authorization in March, representing approximately 14.5% of shares outstanding.
Analyst Community Remains Split
The broader investment community hasn’t fully embraced the bullish thesis. Wall Street’s aggregate rating on QCOM sits at Hold, with a consensus price objective of $176.54 — substantially beneath current trading levels.
Bank of America maintains an Underperform stance with a $145 target. Morgan Stanley holds an Underweight view at $146. Susquehanna assigns a Neutral rating at $160.
Conversely, TD Cowen elevated its price objective to $200 with a Buy recommendation on April 30th. The analyst community breaks down to nine Buy ratings, sixteen Hold recommendations, and three Sell opinions.
Technical indicators also present a complex picture, with overbought conditions emerging as a potential headwind following the explosive 30-day rally.
Compounding cautious sentiment, Chief Executive Officer Cristiano Amon divested 10,000 shares on May 4th at an average execution price of $180.00, generating proceeds of $1.8 million. The transaction occurred under a predetermined Rule 10b5-1 trading arrangement.
Executive Vice President Heather Ace similarly sold 3,200 shares at $177.82 on the identical date. Corporate insiders have collectively disposed of 19,177 shares worth approximately $3.18 million during the trailing 90-day period.
Qualcomm carries a market capitalization of $213.70 billion, trades at a price-to-earnings multiple of 22.04, and exhibits a beta coefficient of 1.49. The 50-day moving average registers at $138.77, considerably below the present share price.
The stock’s 52-week trading band extends from $121.99 to $223.66, indicating current prices hover near the upper boundary of the annual range.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 2142.44, up 0.1% (+2.73) since 4 p.m. ET on Thursday.
Seventeen of 20 assets are trading higher.
Leaders: NEAR (+6.3%) and ICP (+5.8%).
Laggards: BNB (-0.4%) and CRO (-0.1%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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