Crypto World
ECB's Lagarde: Euro Stablecoins Aren't the Answer, Build Public Infrastructure Instead

The President of the European Central Bank spoke against EUR-pegged stablecoins at the inaugural Banco de España LatAm Economic Forum today.
Crypto World
MegaETH Kicks Off MEGA Buybacks

Future repurchases will follow a preset schedule and be routed through on-chain markets.
Crypto World
Sam Altman ChatGPT AI Predicts the Price of XRP By the End of 2026
ChatGPT AI draws on large-scale datasets and market patterns to generate forward-looking crypto analysis, and when prompted with a well-defined framework, the AI predicts head-turning 2026 price outlooks for XRP.
The core thesis is simple but powerful. XRP could benefit from something most crypto assets still lack.
Actual integration into real payment and settlement systems. Ripple keeps expanding cross-border partnerships. ETF speculation around XRP is growing. And regulatory clarity in the US is no longer the same brick wall it was a few years ago, AKA the Clarity Act.
If those pieces keep aligning, ChatGPT argues XRP pushes into the $5 to $8 range during peak cycle momentum. Extreme upside above $10 if institutional adoption accelerates aggressively.

That sounds ambitious until you consider the logic is tied less to retail hype and more to whether XRP gets treated as a legitimate financial layer rather than just another speculative token.
The model is honest about the biggest weakness, though. Adoption does not automatically translate into price appreciation.
XRP has spent years building partnerships while the market consistently questions how much of that activity actually drives token demand.
XRP Price Prediction: Is a Move Toward $5–$8 Actually Possible as ChatGPT AI Predicts?
XRP is sitting at $1.379 on the daily chart, still trading well below ChatGPT’s target range. The institutional narrative exists. The price has not been priced in yet.
The big picture is ugly, but potentially at a turning point. Price has been in a downtrend since the August peak near $3.80, grinding lower for nearly 10 months through a series of lower highs and lower lows.
The February bottom around $1.10 is the last real floor on this chart.
The base building since February is the most constructive thing happening right now. Three months of higher lows off that $1.10 bottom without making new lows is the first sign the downtrend may be exhausting itself.
The projected recovery path targets a move all the way back toward $3.60 if momentum gains traction.
But the path is not clean. $1.50 is the first ceiling that needs to flip. Then $2.00 and $2.40 are both significant resistance levels from prior consolidation zones that need to be worked through before anything near the upper targets comes into view.
For the $5 to $8 scenario to become realistic, XRP needs to prove it can sustain momentum through all of those levels rather than just producing short-term spikes that fade. When momentum compounds on this asset it moves aggressively. But the forecast only works if adoption, liquidity, and sentiment all reinforce each other simultaneously.
The immediate risk is simple. Base fails, XRP breaks below $1.10, fresh lows reset the entire recovery narrative.
Discover: The best crypto to diversify your portfolio with
ChatGPT Projects That Bitcoin Hyper Could Outperform XRP Next
Early-stage infrastructure plays sit at a different part of the risk curve, which is exactly why some traders rotate into them once large-cap upside starts looking capped.
Bitcoin Hyper is targeting that window directly. The project is building a Bitcoin Layer 2 with Solana Virtual Machine integration, bringing faster smart contracts and lower-cost execution into the Bitcoin ecosystem. The pitch is simple: Bitcoin’s security combined with Solana-style speed and programmability.
The presale is sitting at $0.013679 with over $32 million raised, alongside staking incentives for early participants. The market gap it is targeting is real. Bitcoin still lacks a native high-speed smart contract environment compared to Ethereum or Solana.
But this is still early-stage infrastructure. Execution, liquidity, and adoption are all unknowns. The appeal is earlier positioning and higher upside potential, paired with significantly higher risk than established majors.
The post Sam Altman ChatGPT AI Predicts the Price of XRP By the End of 2026 appeared first on Cryptonews.
Crypto World
BitMine Stock Faces Risk as Tom Lee Cools on Ethereum Buying
BMNR stock price trades at $22.00 after a 4% drop on May 7, sliding alongside the broader crypto-treasury complex as chairman Tom Lee signaled BitMine may slow its Ethereum accumulation pace.
The stock sits within an ascending channel that appears bullish on the surface, but multiple flow and positioning signals suggest a deeper test is ahead.
BMNR Stock Price Holds an Ascending Channel After a 59% Drop
BitMine Immersion Technologies (BMNR) traded at $22.00 on May 7, down 3.97%. Chairman Tom Lee said at Consensus Miami that the company may slow its Ethereum (ETH) purchases as it nears its 5% supply target. BitMine currently holds 5.18 million ETH, roughly 4.29% of the circulating supply.
The slowdown signal hit a stock that was already structurally weak. BMNR is down 46% over the past six months. The share price sits 86% below its 52-week high of $161 set in mid-2025.
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The daily chart shows an ascending channel forming since early February. The pattern emerged after a 59.14% drop from the December 10 high of $42.03. Channels that form after sharp declines often act as continuation patterns rather than reversal structures. They tend to resolve in the direction of the prior trend, which in this case is down.
Tom Lee also pointed to BitMine’s $4 billion share repurchase program as an alternative use of capital. Capital may rotate away from ETH and toward buybacks, weakening the ETH treasury narrative that has supported BMNR’s premium.
That structural backdrop sets the stage for the technical signals.
EMAs Are the Last Line of Defense
Inside the ascending channel, BMNR is grappling with two exponential moving averages (EMAs). EMAs are trend indicators that give weight to recent price action, with shorter EMAs tracking near-term momentum.
The 20-day EMA sits at $21.92 and the 50-day at $22.17. With BMNR at $22.00, the stock is wedged directly between them, a tight zone where the next move is binary.
History suggests the 20-day matters most. Each prior break of the 20-day EMA in 2026 has produced a sharp correction. On April 27, BMNR dropped 6.48% in one session after losing the 20-day. On March 25, the same break delivered a 15.62% slide.
If the 20-day EMA at $21.92 breaks again, the same cascade pattern is likely. The 100-day EMA at $24.80 and the 200-day EMA at $27.06 sit well above the current price. Both cap any rally attempt and reinforce the longer-term bearish lean.
CMF Divergence and Put-Call Ratio Flag Smart Money Caution
While retail traders may read the ascending channel as bullish, the flow data tells a different story. The Chaikin Money Flow (CMF) is showing weakness despite the higher prices. CMF measures money flow volume to gauge buying or selling pressure over a set period.
CMF currently reads 0.03, technically still above zero. The indicator has, however, broken its own ascending trendline that connected the lows since late March.
Also, between April 29 and May 6, BMNR’s price trended higher while CMF trended lower. That bearish divergence suggests institutional buying pressure is fading even as price holds.
Options positioning adds another layer. The put-call ratio, a sentiment gauge that compares put contracts to call contracts, has shifted in a contradictory way. The volume put-call ratio dropped from 0.38 on April 29 to 0.29 on May 7. The shift indicates more long positions are being placed.
Open interest tells a quieter story. The OI put-call ratio drifted lower from 0.44 to 0.42 in the same window. Retail is adding fresh long bets while existing positions are being closed. That mix often precedes a long squeeze if the stock breaks lower, adding another layer of risk.
BMNR Stock Price Levels Set Up a 9% Move Either Way
With structure, EMAs, CMF, and options positioning all pointing in one direction, the price ladder reveals what each scenario unlocks.
The bullish path requires BMNR to first reclaim $22.47. That level sits just above the 50-day EMA. A clean reclaim signals the stock is comfortably above its moving averages. The next test is $24.09, the 0 Fibonacci anchor at the upper trendline.
A break above the $24 zone represents 9.57% upside from the current price and would weaken the continuation thesis.
The bearish path is more layered. Below the EMA support at $21.92, BMNR opens at $21.47 and $20.65 as immediate floors. The most critical downside level is $19.84, the 0.618 Fibonacci level. A daily close below $19.84 marks a 9.75% drop from the current price and confirms the bearish structure.
Below $19.84, the path opens to $18.69 and $17.22. The longer-range extension at $12.96 (1.618 Fibonacci) becomes a deep continuation target if the entire ascending channel breaks down.
The post BitMine Stock Faces Risk as Tom Lee Cools on Ethereum Buying appeared first on BeInCrypto.
Crypto World
Polkadot’s April 2026 Recap: New Economic Model, Staking Reforms, and Ecosystem Growth
TLDR:
- Polkadot’s new economic model cut annual DOT issuance by 53.6% and capped total supply at 2.1 billion.
- Validators now need a minimum of 10,000 DOT self-stake or face removal from the active set.
- Acurast surpassed 750 million on-chain transactions on Polkadot, powered by 250,000+ global devices.
- The Polkadot Docs MCP launched as an interactive expert tool for developers building on the network.
Polkadot closed April 2026 as its first full month operating under a revised economic model. The new framework, approved through OpenGov, went live on March 14, 2026. It introduced lower issuance rates, a hard supply cap, and planned step reductions over time.
Across the ecosystem, staking rules were updated, network activity expanded, and community-facing tools continued to improve. The month reflected steady, consistent progress rather than a single standout development.
Polkadot’s New Economic Model Reshapes Staking Structure
The revised model reduced annual DOT issuance by 53.6% at launch. A maximum supply cap of 2.1 billion DOT was introduced alongside this change.
Planned step reductions of approximately 13–14% every two years are now also scheduled. Together, these parameters establish a more structured and predictable issuance path.
On the validator side, the 10,000 DOT minimum self-stake requirement is now actively enforced. Any validator falling below that level is automatically removed from the active set.
This change raises the accountability standard for those securing the Polkadot network. It also makes the entry bar for validators more clearly defined.
Nomination pools remain accessible from just 1 DOT, keeping participation open for smaller holders. Under the updated rules, only a validator’s own bonded stake is at risk during a slashing event.
Nominators are no longer exposed to penalties from validator misconduct. This separation meaningfully reduces risk for everyday participants.
By mid-June, another update is expected. Validators will receive dedicated rewards from the Dynamic Allocation Pool, separate from what nominators earn.
These rewards will come directly from protocol issuance. The change further distinguishes the incentive structure between validators and nominators.
Ecosystem Tools and Activity Continue to Expand on Polkadot
Acurast crossed 750 million on-chain transactions on Polkadot in April. As posted on April 23, more than 250,000 devices across 175 countries powered this activity.
The project noted it remains 250 million transactions away from reaching one billion. This level of usage reflects real-world adoption of decentralized physical infrastructure at scale.
The Polkadot Docs MCP also went live during the month as a developer-facing resource. It turns official documentation into an interactive reference for builders.
Users can query it on XCM fees, OpenGov tracks, validators, Asset Hub, and PolkaVM versus EVM. It also serves structured data to agents and RAG systems working within Polkadot’s context.
Nova Wallet continued refining its mobile experience throughout April. A thread from Parity Technologies on April 9 described it as one of the most polished apps in the ecosystem.
The wallet focuses on simplifying staking, governance, and multi-chain management for mobile users. Its approach keeps Polkadot accessible without requiring technical depth.
Web3 Summit is also set to return to Berlin on June 18–19, 2026. Announced on April 21, the event is expanding its format toward a festival model this year.
Developers, designers, researchers, and artists are all expected to attend. The summit centers on building systems shaped by privacy, participation, and digital agency.
Crypto World
Payward Files OCC Trust Charter Application to Advance Kraken’s Federal Crypto Custody Push
TLDR:
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- Payward filed for an OCC national trust charter to establish a federally regulated crypto custody entity called PNTC.
- The proposed PNTC would serve institutional clients requiring bank-level custody protections under direct OCC oversight.
- Kraken Financial remains the first digital-asset bank to secure a Federal Reserve master account since 2020.
- Payward’s multi-charter strategy pairs its Wyoming SPDI with the proposed OCC trust charter for broader regulatory coverage.
- Payward filed for an OCC national trust charter to establish a federally regulated crypto custody entity called PNTC.
Payward, the parent company of Kraken, has applied for a national trust company charter with the OCC. The move aims to build a federally regulated digital asset custody entity for institutional clients.
Kraken Pursues Federal Oversight Through OCC Application
If approved, the charter would establish Payward National Trust Company (PNTC). This new entity would focus on fiduciary custody and related digital asset services.
The trust would primarily serve institutions seeking bank-level custody protections. It would operate under direct OCC oversight, adding federal legitimacy to Kraken’s regulated framework.
The application marks a deliberate step in Payward’s U.S. regulatory expansion strategy. Crypto firms have increasingly pursued traditional financial charters to attract institutional clients.
PNTC would rely on Payward’s existing compliance, risk management, and custody infrastructure. This structure is designed to extend access to clients requiring a federally regulated qualified custodian.
Co-CEO Arjun Sethi addressed the rationale behind the application directly. “A national trust company provides the certainty institutions require,” Sethi stated.
He further noted that it “establishes the infrastructure to build the next generation of custody.” His comments point to a deliberate push to serve institutional clients at the federal level.
National trust charters overseen by the OCC have been pursued by crypto-native firms before. These charters offer broader legitimacy and nationwide operations.
They also reduce reliance on state-by-state licensing, which can be fragmented and inconsistent. Payward’s application reflects this broader industry trend toward federal regulatory frameworks.
Kraken Builds Multi-Charter Strategy Alongside Major Acquisitions
The OCC application builds on the foundation of Kraken Financial’s Wyoming SPDI charter, granted in 2020. Kraken Financial was the first digital-asset bank to secure a Federal Reserve master account.
That access gave it a direct link to the U.S. payments system. Sethi described the Wyoming SPDI and prospective OCC trust charter as “complementary pillars” of Payward’s banking strategy.
Payward has also pursued growth through a series of major acquisitions. In 2025, it acquired retail futures platform NinjaTrader for $1.5 billion.
In April, Payward agreed to acquire crypto derivatives exchange Bitnomial for up to $550 million. That deal adds a full suite of CFTC licenses covering brokerage, clearing, and exchange operations.
This week, Payward also announced a $600 million deal to acquire Hong Kong-based payments firm Reap Technologies.
The deal expands Kraken’s presence in stablecoin-powered cross-border payments. It also strengthens Kraken’s card infrastructure across Asia. Together, these moves reflect Kraken’s preparation for a potential IPO.
The U.S. regulatory climate under the current administration has become more industry-friendly toward digital assets. This shift has encouraged crypto firms to seek federal charters, licenses, and banking approvals.
Payward’s approach aligns with this environment, positioning Kraken as a fully regulated financial institution. The OCC application is the latest step in that direction.
Crypto World
White House rejects strict AI regulation approach
The White House says voluntary partnerships, not strict mandates, are the right approach to AI regulation.
Summary
- The White House released its National AI Policy Framework in March 2026, favoring voluntary tech agreements over prescriptive federal rules.
- The framework directs Congress to preempt state AI laws deemed to impose undue burdens on innovation and industry.
- Democratic lawmakers introduced the GUARDRAILS Act to block federal preemption and preserve state authority over AI oversight.
The Trump administration released its National Policy Framework for AI regulation in March 2026, built around voluntary industry agreements rather than top-down mandates.
The framework signals a move away from prescriptive regulation toward an innovation-friendly approach, positioning itself as a clear alternative to the European Union’s AI Act.
The framework cites a March 2026 Ratepayer Protection Pledge, a voluntary agreement signed by major technology companies not to raise electricity bills for households, as a model for the partnership-first approach it prefers over binding rules. The administration’s central premise is that US leadership in AI depends on uniform national standards, not a growing patchwork of state laws.
Federal preemption versus state authority
The framework outlines six objectives: protecting children online, safeguarding against AI harms, respecting intellectual property, preventing AI censorship, promoting innovation, and developing an AI-ready workforce.
It calls on Congress to adopt legislation broadly preempting state AI laws deemed to impose undue burdens, while preserving state authority over consumer protection, child safety, and fraud. Critics argue the approach could hollow out oversight of high-risk AI systems in healthcare, employment, and housing.
Democrats pushed back directly. Representative Beyer and colleagues introduced the GUARDRAILS Act on March 20, 2026, which would repeal the Trump administration’s AI executive order and block any federal moratorium on state AI regulation. Senator Schatz is expected to introduce companion legislation in the Senate.
What changes and what does not
The framework does not itself create new legal obligations or direct agencies to take specific regulatory action. State AI laws remain in effect unless and until Congress passes new legislation or courts strike them down.
Colorado’s comprehensive AI law is scheduled to take effect on June 30, 2026. California’s AI Transparency Act and Texas’s Responsible AI Governance Act are already in force, each imposing disclosure and governance requirements on companies deploying AI in consequential decisions.
The CFTC has separately deployed AI tools to fill regulatory surveillance gaps as Washington’s broader framework battle plays out. The administration has not said whether it will challenge active state laws directly, leaving companies navigating two parallel and potentially conflicting regulatory tracks.
Crypto World
Swiss Bitcoin Reserve Dream Collapses After Signature Campaign Falls Short: Report
A campaign pushing the Swiss National Bank to add Bitcoin to its reserves is set to end after supporters failed to collect enough signatures for a referendum under Switzerland’s constitutional rules despite months of outreach and public campaigning efforts.
Campaigners were given 18 months to collect 100,000 valid signatures to propose a constitutional amendment that would have obligated the central bank to hold Bitcoin alongside gold and foreign currency reserves. However, with the deadline approaching, the Bitcoin Initiative said it had secured only around half the required number.
Major Setback in Reserve Campaign
In a statement to Reuters, campaign founder Yves Bennaim acknowledged the effort faced difficult odds from the beginning and said the initiative would now be allowed to expire.
Despite the setback, he noted that the campaign had helped advance discussion around the cryptocurrency’s role in the financial system. The SNB has consistently opposed the idea of holding cryptocurrencies in its reserves, with its main point of contention being that digital assets remain too volatile and lack the market liquidity needed for reserve management.
The central bank has also maintained that reserve assets must allow it to quickly expand or reduce its balance sheet when necessary while preserving long-term value. Although some central banks have explored exposure to digital assets, approaches vary widely.
The Czech National Bank, for instance, purchased about $1 million worth of cryptocurrency and blockchain-related assets last year as part of efforts to better understand digital markets. The European Central Bank (ECB), on the other hand, has remained cautious and stressed that reserve assets must remain secure, safe, and liquid.
Last month, Taiwanese lawmaker Dr. Ko Ju-Chun proposed adding Bitcoin to the country’s national reserves during a Legislative Yuan session attended by senior officials. The proposal cited concerns over Taiwan’s heavy reliance on US dollar reserves and suggested Bitcoin could serve as a strategic hedge despite the central bank’s earlier concerns about volatility and custody risks.
Zooming Out
The debate around Bitcoin reserves comes as the market continues to face volatility. BTC recently dropped below $80,000 after briefly reaching fresh multi-month highs earlier this week. The asset is now down more than 36% from its all-time high recorded last year.
Meanwhile, geopolitical tensions added to market caution following conflicting reports claiming Iran had attacked a US Navy vessel in the Strait of Hormuz.
The post Swiss Bitcoin Reserve Dream Collapses After Signature Campaign Falls Short: Report appeared first on CryptoPotato.
Crypto World
Bitcoin outperforms gold by roughly 36% since Iran war began
Since the start of the 2026 Iran war, Bitcoin has outperformed gold by roughly 35–36% on a relative basis, as BTC rose mid‑single digits while gold slipped and the BTC/gold ratio surged.
Summary
- Since the start of the 2026 Iran war, Bitcoin has outpaced gold by about 35–36% on a relative basis, as the BTC/gold ratio surged.
- BTC is up roughly 7–10% over the conflict period, while gold has been flat to down, a sharp reversal of the traditional “gold as safe haven” pattern.
- Analysts say ETF inflows, the “digital gold” narrative, and macro positioning helped Bitcoin behave more like a risk‑sensitive alternative store of value than a classic crisis hedge.
Data from multiple market trackers show that since the escalation of the U.S.–Israel–Iran conflict on 28 February 2026, Bitcoin (BTC) has materially outperformed gold. Binance’s research feed put it bluntly in early May: “Bitcoin is outperforming gold by 36% since the start of the Iran conflict,” referring to the change in the BTC/XAU ratio rather than just absolute price moves.
BTC/gold ratio jumps as war escalates
A mid‑March analysis from Fortune noted that “since the start of the war, the original cryptocurrency is up about 7%, and on Wednesday was trading at around $71,000,” while gold was “nearly unchanged at about $5,240 an ounce.” Later work from Korea Economic Daily, summarized by Bloomingbit, found that Bitcoin rose about 7% in March while gold fell more than 3%, widening the performance gap as the conflict dragged on.
CryptoNews.net’s recap of the period shows a similar pattern with slightly sharper numbers: at the onset of war, when Donald Trump ordered U.S. forces to join Israeli strikes, BTC was around $65,492 and gold near $5,279 an ounce; by March 23, Bitcoin had rallied to $70,700 while gold had slumped to roughly $4,300. That implies BTC up about 8% versus gold down around 18%, and a rapid rise in the BTC/gold ratio.
First real “war test” for Bitcoin as macro asset
What is different this time is not just that Bitcoin outperformed, but that it did so during a live shooting war where traditional safe havens usually dominate. A detailed explainer from Phemex argued that the Iran conflict was “the first real‑world stress test for Bitcoin as a portfolio‑level safe haven,” noting that over the first 16 days BTC outperformed gold by 9 percentage points and even outpaced the S&P 500 and Nasdaq.
JPMorgan analysts, quoted by RootData and The Block, observed that during the war “Bitcoin outperformed gold and silver, showing signs of inflows and increased activity, while precious metals faced significant outflows and position liquidations.” They pointed to nearly $11 billion in gold ETF outflows and a full reversal of prior silver ETF inflows, versus net inflows into Bitcoin products. That aligns with earlier crypto.news coverage in a story on how bitcoin and ethereum outpaced metals and equities in March, as spot BTC ETFs in the U.S. kept absorbing institutional demand even amid geopolitical tension.
Capital.com’s breakdown, summarized in the Economic Times, stressed that BTC still traded like a high‑beta macro asset in the initial hours after the first strikes — plunging from about $66,000 to $63,000 as over $128 billion in crypto market cap was erased, while gold jumped. But over the full conflict window, Bitcoin recovered and moved higher, supported by ETF dip‑buying, short‑covering, and renewed interest in the “digital gold” narrative, while gold’s early spike faded under the weight of a stronger dollar and rising real yields.
For now, the scoreboard is clear: during the Iran war’s first months, a portfolio long BTC and short gold would have outperformed a classic “own gold in a crisis” stance by roughly a third. Whether that holds in the next geopolitical shock is an open question — but this episode has given Bitcoin one of the strongest empirical arguments yet for its role as a competing macro hedge.
Crypto World
SBF has joined Pam Bondi on team ‘Dow 50K’
From his prison cell at FCI Lompoc, Sam Bankman-Fried (SBF) is running the same Donald Trump-cheerleading play that Pam Bondi ran right before Trump fired her. He’s joined Bondi on team “Dow 50K.”
The convicted FTX fraudster’s proxy-run X account posted on Wednesday that the S&P 500 had hit a record level of 7,365. The index, the ex-FTX CEO claimed, had rallied an impressive 22.8% since Trump’s second inauguration.
At the corresponding time during Joe Biden’s presidency, it was up just 7%.
The post pulled more than 1.5 million views and tagged @realDonaldTrump, as nearly all of SBF’s recent posts do.
It is a near-perfect echo of the rhetorical move that turned Bondi’s glaze into a meme.
At her February 2026 House Judiciary hearing on the Department of Justice’s handling of the Jeffrey Epstein files, the then-US attorney general abruptly pivoted away from questions about the files.
Instead of responding, she started reciting stock index prices instead, reminding lawmakers that the Dow Jones Industrial Average index was over 50,000, the S&P near 7,000, and that Americans’ 401(k) retirement accounts were “booming.”
The clip of her desperate attempt to defend Trump went viral.
Dow 50K became a meme
Despite her attempts to defend Trump amid a Congressional inquiry into her own mismanagement, Trump fired her on April 2.
SBF is serving 25 years for stealing roughly $8 billion from FTX customers. Despite Trump’s repeated denials to pardon him, he’s apparently undeterred, including by Bondi’s cautionary tale.
The former FTX head’s post yesterday isn’t a one-off occurrence.
For weeks, he’s been posting similar Trump-Biden comparisons. On April 27, his account wrote that the S&P had hit 7,174. The breakdown was 19.6% under Trump versus 8.6% at the same point under Biden.
The format was identical to yesterday’s post. So was the implicit pitch.
Read more: Sam Bankman-Fried had a plan to get out of prison, and he’s following it
Like Pam Bondi, SBF glazes to an audience of one
That pitch is, of course, for a presidential pardon.
SBF’s parents, both former Stanford Law professors, have reportedly lobbied figures in Trump’s orbit for a pardon or clemency since last year. The president declined that proposition in a January New York Times interview, and a White House spokesperson restated his denial to Fortune a month later.
Lawmakers from both parties have described the plea as dead on arrival.
None of these headwinds have slowed SBF’s proxy-posts to his 1 million followers, however. The output of his comments from prison, since February, has converged on a single editorial line. Namely, that everything is better under Trump.
SBF still has 18 years left to serve of his sentence.
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Crypto World
3 Space Stocks To Watch Amid Elon Musk’s SpaceX IPO Hype
A $1.75 trillion IPO is about to redefine which space stocks to watch this summer. SpaceX is closing in on the largest IPO ever. The public S-1 is due late May, with the listing slated for late June or early July.
When SpaceX publishes real launch costs and Starlink economics, the entire sector gets repriced against the same yardstick. Three names stand out as the cleanest read-through points.
Rocket Lab (NASDAQ: RKLB)
Rocket Lab Corporation (RKLB) is the closest public comparison to SpaceX, building launch vehicles, spacecraft, and components in-house. The SpaceX IPO matters here.
The S-1 is the SEC document required before going public. SpaceX filed confidentially on April 1, with the public version due late May.
When it lands, SpaceX’s launch revenue, costs, and Starlink margins go on display for the first time. RKLB is the only publicly traded company doing similar work. When investors see SpaceX’s real numbers, RKLB gets repriced against them.
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Fundamentals look strong. Q1 revenue hit $200.3 million (+63.5% YoY), backlog reached $2.2 billion, and liquidity exceeded $2 billion.
The stock fell 7.17% to $78.58 anyway, as profit-taking on a 240% YoY run outweighed a Q2 guidance beat.
RKLB sits inside a rising channel that has held since late November. The recent top was rejected at $94.40 (0.618 Fibonacci). Price hugs the 20-day exponential moving average (EMA) at $78.96.
EMAs weight recent prices most heavily, while the 50-day EMA sits at $75.52.
The last clean break of the 20-day EMA on March 26 produced a 19.31% slide. A repeat opens $70.71, then $62.45 (200-day EMA), then $56.08 (channel floor).
Options lean the other way. The volume put-call ratio sits at 0.53 versus 0.73 at the last -$0.07 print. Open interest holds at 0.77. Traders buy calls into the IPO window despite the miss.
A reclaim of $87.08 opens $94.40 and the breakout zone above $104.81.
Among space stocks to watch, RKLB sets up the cleanest move into the SpaceX listing.
AST SpaceMobile (NASDAQ: ASTS)
AST SpaceMobile, Inc. (ASTS) builds the only US satellite network that connects directly to standard smartphones. AT&T, Verizon, and FirstNet are anchor partners.
That positioning maps to the part of SpaceX nobody can price yet: Starlink direct-to-cell. When SpaceX’s S-1 publishes Starlink’s subscriber count and revenue per customer, the market gets its first benchmark for ASTS.
BlueBird 7, one of ASTS’s direct-to-cell satellites, failed to reach orbit on April 20. The miss puts the 45-satellite year-end target at risk. ASTS announced a mid-June Falcon 9 launch for BlueBird 8-10, set to overlap with the SpaceX roadshow week.
ASTS closed at $65.35 on May 7, down 7.54%, with earnings due Monday after close.
ASTS has fallen 51.27% from its February 2 high of $129.78. Current support is $63.25. Above price, the 200-day EMA sits at $73.53, the 20-day at $76.20, and the 50/100-day cluster sits at $82.40-$82.50.
Two bearish crossovers loom. The 50-day EMA is closing in on the 100-day, and the 20-day EMA is closing in on the 200-day. A break of $63.25 opens $58.40, then $45.95.
Options lean the other way. The volume put-call ratio dropped from 0.62 to 0.45 since early April, while open interest fell from 0.49 to 0.42. With earnings on Monday and implied volatility at 112.55%, traders bet on a positive surprise.
For ASTS to reset the trend, it needs to reclaim $68.17, $81.90, and $82.40. A move above $104.12 invalidates the bearishness. Among space stocks to watch, ASTS is the higher-risk pick into the SpaceX listing.
Intuitive Machines (NASDAQ: LUNR)
Intuitive Machines, Inc. (LUNR) builds lunar landers and runs NASA’s Near Space Network, sharing the Artemis program with SpaceX.
The SpaceX IPO angle here is profitability. LUNR is the only listed pure-play stock guiding to positive adjusted EBITDA in 2026. When SpaceX’s S-1 reveals Starlink’s profit economics, the market hunts for the next stock with that profile.
LUNR closed at $24.11 on May 7, down 8.43%. The company guides 2026 revenue of $900 million to $1 billion, almost 5x FY25, with positive adjusted EBITDA. Q1 results land on May 14.
LUNR has held a rising channel since mid-November. A breakout attempt failed on April 22, and the price has weakened since. The recent pullback pushed LUNR below the 20-day EMA at $24.92 on May 7.
The critical floor is $22.71, and the 50-day EMA is at $22.61, just below. Breaking those levels opens deeper losses. The first upside hurdle is $32.21 (0.618 Fibonacci). A clean break sets up a channel breakout.
The Chaikin Money Flow (CMF) measures institutional inflows and outflows. CMF sits at -0.01, just below the zero line. April 1 set the precedent. CMF crossed zero alongside a 20-day EMA reclaim, and LUNR rallied 71.15% in days.
Earnings on May 14 are the trigger. A CMF cross with a 20-day EMA reclaim can replay April 1 into the SpaceX listing. Among space stocks to watch, LUNR offers the cleanest profitability story.
The post 3 Space Stocks To Watch Amid Elon Musk’s SpaceX IPO Hype appeared first on BeInCrypto.
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