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%).

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The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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Bitcoin price slid to $79,679 Friday as US military strikes against Iranian vessels in the Strait of Hormuz triggered a broad risk-off prediction, yet the world’s largest crypto remains on track for a sixth consecutive weekly gain.

The 1.7% intraday drop looks alarming on the surface, but the weekly chart tells a quieter story. What happens at the weekend close could define whether BTC reclaims $85,000 or gives back the entire week’s advance.

The immediate catalyst: US forces struck back against Iran following attacks on three American warships transiting Hormuz, reigniting a geopolitical flashpoint that markets had largely priced out.

Compounding the pressure, Strategy Inc (NASDAQ: MSTR), the largest corporate Bitcoin holder, signaled it could sell portions of its holdings to fund dividend payments, though the scope and timing remain unspecified.

Despite the intraday weakness, BTC is still up approximately 3% on the week. The macro backdrop, institutional accumulation, improving US regulatory clarity, and residual post-ATH consolidation, remain broadly constructive heading into the weekend session.

Discover: The best crypto to diversify your portfolio with

Bitcoin Price Prediction: Can BTC Price Reclaim $85,000 Before the Weekly Close?

Bitcoin is trading in one of the most important structural zones of this cycle, hovering around $80K while pressure builds between key support and resistance.

The broader setup remains constructive, but only as long as $79K continues holding as the primary daily support floor. That level is doing the heavy lifting right now.

As long as buyers defend it, the post-correction recovery remains intact, with $83K–$85K still functioning as the major upside target and mean reversion zone after October’s sharp pullback.

On-chain data continues to show accumulation rather than broad distribution, which suggests larger players are still absorbing supply at current levels instead of exiting positions.

Resistance overhead remains significant, and Bitcoin needs a decisive break above that $83K–$85K region before any larger breakout narrative gains real credibility.

Until then, the market is essentially coiling. If BTC maintains this structure, the path toward stronger continuation remains open, but a breakdown below $75K would materially weaken the setup and shift focus toward the $69K long-term trendline as the next serious support zone.

Volume conditions also matter here, especially with thinner weekend liquidity increasing the probability of exaggerated moves in either direction.

The honest reality is that Bitcoin still looks structurally stronger than weaker, but this is a conditional setup where support must hold.

Discover: The best pre-launch token sales

The post Bitcoin Price Prediction: Bitcoin Falls to $79.6k as US-Iran Escalation Dents Risk Set for 6th Weekly Gain appeared first on Cryptonews.

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XRP price might be falling under its $1.40 support, but UBS, a Swiss banking giant managing $7 trillion in assets, has disclosed XRP exposure via a 13F filing with the SEC. The full scope of that filing reveals exactly which instruments the bank used, and why that distinction matters for price structure.

The bank accumulated 197,369 shares in the Volatility Shares XRP ETF and 317 shares in the Grayscale XRP Trust. Meanwhile, U.S.-listed spot XRP ETFs have drawn over $1.3 billion in cumulative inflows in their first 50 days, with 29 consecutive days of positive flows and a single-day peak of $13.59 million.

To put this into perspective, XRP’s exchange balances are simultaneously sitting at six-year lows, compressing available supply just as demand accelerates.

Discover: The best crypto to diversify your portfolio with

XRP Price Could Finally Have Its Awaited Rally

XRP broke out of a multi-week range earlier this week. This has preceded continuation, but instead, it had a short-term rejection. RSI sits at just under 50, after nudging the overbought threshold days ago.

Immediate support, for now, rests at the current price and the 50-period SMA. On a bullish note, a Technical analysis based on a Wyckoff reaccumulation breakout is targeting the $2.60–$2.70 zone, with an interim supply clustered at $2.15–$2.16.

Xrp (XRP)

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To resume its rally, XRP needs to hold above $1.35, to then clear $$1.50 resistance, and ride institutional inflows toward $2.60–$2.70. Standard Chartered maintains an $8 price target on regulatory clarity.

However, a close below $1.35 would neutralize the current breakout thesis and expose the $1.20 support zone.

Institutional catalysts, including major ETF inflows and bank disclosures, have historically acted as short-term price accelerants for XRP.

Discover: The best pre-launch token sales

LiquidChain Does What XRP Can Only Dream

XRP’s institutional wave is real, but at the current price point, the asymmetric upside has compressed. Traders hunting for early-stage exposure before institutional re-rating are rotating attention toward infrastructure presales, where price discovery hasn’t yet occurred.

LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning as the cross-chain liquidity layer. It fuses Bitcoin, Ethereum, and Solana liquidity into a single execution environment.

Liquid’s architecture centers on a Unified Liquidity Layer with Single-Step Execution, Verifiable Settlement, and a Deploy-Once structure that lets developers access all three ecosystems without redeployment overhead.

The presale price is currently $0.01457, with more than $700K raised to date. The project is approaching the $750,000 milestone, a threshold that has historically drawn secondary attention from retail aggregators.

Readers researching cross-chain infrastructure exposure at this stage can explore LiquidChain’s presale details here.

The post XRP Price Could Start Another Rally: $7 Trillion Bank Announces Its Ripple Coin Investment appeared first on Cryptonews.

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Revolut users worldwide saw Bitcoin (BTC) briefly displayed at $0.02 on Friday after a chart glitch in the fintech app, before the price snapped back within seconds.

The display problem surfaced through the app’s chart and push notifications, sparking widespread confusion across X (Twitter) and Reddit. Bitcoin continued trading above $80,000 on every major exchange during the incident.

What Happened on the Revolut App

Screenshots circulating on social media showed Bitcoin candles dropping to as low as $0.019916 on Revolut’s in-app chart, with similar anomalies appearing for Solana (SOL), XRP, and several other tokens.

“For 3 seconds, I thought I was about to buy the entire supply and become Satoshi’s final boss. Then I remembered: it’s probably just a Revolut chart glitch. Crypto never sleeps. Neither do bugs,” one user remarked.

Some users received push alerts claiming BTC had hit a 52-week low. The disruption lasted only a few seconds for most affected accounts.

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CoinGecko and CoinMarketCap showed no matching price action on tracked exchanges, indicating the issue was confined to Revolut’s display layer rather than any underlying market move.

Revolut Confirms Bitcoin Price Glitch

Revolut Support said the company was experiencing technical issues affecting some crypto functionalities, and that engineers were actively investigating the root cause.

The fintech, which holds a MiCA license through Cyprus and serves more than 68 million customers across 40 markets, has not detailed what triggered the faulty data feed.

The flash on screens arrived during a softer trading day for Bitcoin, which almost slipped below $80,000 after a modest correction that triggered almost $300 million in futures liquidations.

No user reports have confirmed any orders filling at the displayed glitch price.

Affected European and global users say balances and pending orders went unaffected, though the episode renewed concerns about how centralized apps handle third-party price feeds during volatile sessions.

Revolut has continued expanding its crypto footprint, including stablecoin settlement on Polygon, even after delisting some altcoins last year.

The post Revolut Confirms Bitcoin Price Glitch After App Briefly Shows BTC Near Zero appeared first on BeInCrypto.

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Ether extended a retreat after failing to break above a key resistance zone, with ETH slipping to around $2,275 before attempting to stabilize. The move comes as a cluster of on-chain and market indicators point to softer near-term demand for Ethereum, potentially paving the way for further downside toward the $2,000 level and beyond.

Key takeaways

• On-chain activity is cooling: weekly average transactions declined about 10% to 4.79 million, while active addresses slipped 8% to 2.5 million, accompanied by a roughly 27% drop in network fees and a 47% fall in on-chain revenue over the past week.
• US-driven selling pressure persists: the Ethereum Coinbase Premium has remained negative since late April, signaling downside emphasis from US traders, alongside outflows from U.S. spot Ethereum ETFs totaling about $103 million and roughly $81.6 million pulled from global Ethereum investment products last week.
• Unstaking and liquidity exits accelerate: the Ethereum exit queue surged about 72,000% to 530,985 ETH by May 2, with more than 202,000 ETH queued for redemption by the latest update and an average wait of about three days. Total staked ETH stood at 38.6 million (31.72% of supply), despite a 45-day withdrawal lag.
• DeFi activity and TVL retreat: DefiLlama data show weekly DEX volumes dropping to $1.64 billion on May 8, a 46% decline over three weeks, while Ethereum’s DeFi TVL fell to about $124.7 billion, a level last seen in May 2025.
• Price pattern points to further downside risk: a rising wedge pattern on ETH/USD underpins a potential breakdown, with major support around $2,150–$2,200 and a pivotal threshold near $2,000. A break below $2,000 could target roughly $1,830, with scenarios suggesting $1,750–$1,850 if $2,300 support isn’t reclaimed.

Deteriorating on-chain fundamentals

Ethereum’s network activity has cooled in recent weeks as a measure of on-chain demand softens. Data from Nansen show the weekly average number of transactions dipping to 4.79 million, a 10% reduction from the prior period, while active addresses declined to about 2.5 million, an 8% drop. The ebbing activity coincides with lower fee revenue, as network fees fell roughly 27% over the past seven days, contributing to a 47% shrinkage in on-chain revenue during that span.

Analysts interpret these metrics as signaling weaker user conviction and diminished organic demand for ETH, which can complicate attempts to sustain upside momentum despite broader macro optimism. In parallel, DefiLlama’s weekly snapshot shows a sharp pullback in DeFi activity, with weekly DEX volumes sliding to $1.64 billion on May 8 — a 46% drop over three weeks — and Ether-based DeFi TVL sliding to about $124.7 billion, a level not seen since May 2025.

Liquidity drains and the staking exit queue

One of the more striking recent developments is the surge in the unstaking queue. By May 2, Ethereum’s exit queue had exploded to 530,985 ETH, up roughly 72,000% from the previous pace. By the latest readings, more than 202,000 ETH were queued for redemption, with an expected wait time of around three days. This wave of liquidity outflows has come alongside elevated risk sentiment in DeFi following a spate of hacks and attacks earlier in the year.

In April 2026, DeFi platforms suffered about $625 million in losses across 30 separate incidents, highlighted by the $292 million KelpDAO bridge exploit and a broader trend of deposits fleeing platforms like Aave — moves that intensified the perceived need for liquidity and liquidity preferences among investors. Analyst Pete, writing on X, summarized the risk atmosphere: “DeFi yield on Ethereum is getting crushed by hacks, exploits and increasingly nasty attack surfaces.”

Even as the exit queue surged, the stake base remained sizable. About 3.6 million ETH were queued for staking entry, keeping total staked ETH near 38.6 million and representing roughly 31.72% of circulating supply, despite an ongoing, roughly 45-day wait for stake withdrawal or redemption in many cases.

US flows, ETF dynamics and price follow-through

The near-term price trajectory is being shaped in part by ongoing dissemination of US-centric trading flows. The Ethereum Coinbase Premium Index has stayed negative since late April, implying that US buyers and sellers are driving price disparities relative to other markets. In tandem, spot Ethereum ETF activity reflected continued selling pressure: US-listed Ethereum ETFs logged $103 million in net outflows on a single session, marking the largest withdrawal since mid-March. Across global Ethereum investment products, outflows exceeded $81.6 million last week, underscoring a broader institutional tilt toward liquidity and risk reduction during the period.

On the market microstructure side, taker buy volume for ETH on Binance has dipped into negative territory, with figures as low as -$25 million in recent sessions, indicating a rise in aggressive market sell orders and a potential setup for near-term volatility and a retest of support levels, according to CryptoQuant commentary.

Technical setup: rising wedge and downside risk filters

From a chart perspective, ETH/USD has been trading inside a rising wedge that broke below its lower boundary near $2,300. The immediate hurdle remains at around $2,150–$2,200, where the 100-day and 50-week moving averages cluster, followed by a psychological test near $2,000. A decisive move below this threshold would open a path toward the measured wedge target near $1,830, with some analyses flagging a potential drop to the $1,750–$1,850 zone if the $2,300 level is not reclaimed promptly.

These dynamics align with recent coverage suggesting that a sustained move below critical supports could lead to a prolonged downside phase, even as headlines around DeFi security and ETF flows continue to influence price behavior in the short run. For traders watching the chart, the setup underscores the importance of monitoring both on-chain activity and macro liquidity signals in concert with price action.

Looking ahead, investors should watch how ETH behaves around the $2,000 mark, as well as the flow data from US and global Ethereum products. Ongoing security incidents in DeFi and shifting ETF allocations will likely continue to shape near-term sentiment, even as the broader crypto market narratives evolve.

This article was originally published as Four signs indicate Ethereum’s $2.4K rally is exhausted on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

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Key Takeaways

• Anthropic is pursuing funding that would establish a pre-money valuation near $900 billion
• The AI company seeks to secure up to $50 billion to boost its computing capabilities
• Annual revenue projections show the company reaching beyond $45 billion soon, jumping from $9 billion in late 2024
• Major investors like Dragoneer, General Catalyst, and Lightspeed are reportedly interested
• If finalized, this funding would position Anthropic above OpenAI in market valuation

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The AI firm Anthropic, creator of the Claude suite of artificial intelligence tools, is currently negotiating a fundraising effort that could bring in as much as $50 billion, the Financial Times reports. Sources indicate the company could achieve a valuation approaching $900 billion on a pre-money basis.

Anthropic is weighing a raise of up to $50B at ~$900B pre-money, pushing valuation near $1T. Annualized revenue is expected to cross $45B, up from $9B last year. – FT pic.twitter.com/ZZESF0HKdm

— Wall St Engine (@wallstengine) May 8, 2026

Should this valuation materialize, Anthropic would eclipse its competitor OpenAI in terms of market worth. Industry sources cited by the FT suggest the funding round could reach completion in the next two months.

The company’s valuation stood at $380 billion just months ago in February 2026. A leap to nearly $1 trillion would represent one of the most dramatic valuation accelerations in private technology sector history.

Annualized revenue figures for Anthropic are projected to exceed $45 billion in the near term. This represents a fivefold increase from the $9 billion figure recorded at year-end 2024.

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According to the FT’s sources, investment firms including Dragoneer Investment Group, General Catalyst, and Lightspeed Venture Partners have expressed interest in participating in the funding round.

Major Tech Giants Already Invested Billions

Anthropic has previously attracted substantial financial backing from leading technology corporations. Google pledged as much as $40 billion at a $350 billion valuation, structured with $10 billion in immediate funding and an additional $30 billion contingent on hitting specific performance targets.

Amazon put $5 billion into the company with provisions allowing for up to $20 billion in additional investment. These arrangements were both negotiated at the $350 billion valuation established during February’s funding activity.

The new capital injection is earmarked for scaling up computational resources. Strong customer demand for Anthropic’s offerings has accelerated, and company representatives have indicated that supply limitations are currently constraining output capacity.

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Strategic partnerships with Amazon Web Services, Google, and Broadcom have been established to guarantee sustained access to computing resources over the long term.

Claude Code and Cowork Fueling Revenue Surge

A significant portion of the demand surge stems from Claude Code, Anthropic’s specialized AI assistant engineered to accelerate software development workflows. Bloomberg’s reporting suggests this product’s explosive growth prompted the company to pursue additional funding on an accelerated timeline.

The company’s Cowork AI agent, targeted at professionals in non-technical departments, has similarly experienced rapid market uptake, company statements indicate.

Founded in 2021 by Dario Amodei alongside former OpenAI team members, Anthropic has emerged as one of the artificial intelligence industry’s most scrutinized players.

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The ongoing fundraising discussions underscore the remarkable velocity at which investor interest in AI infrastructure has intensified. Anthropic is positioning itself to capitalize on this momentum through what could become one of the largest private capital raises ever recorded.

This potential funding round arrives as Anthropic continues building out partnerships with cloud computing providers to guarantee sufficient processing power for operating its sophisticated AI models.

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Michael Saylor walked back his most absolute Bitcoin (BTC) maximalist rhetoric this week, telling investors Strategy will probably sell a portion of its 818,334 BTC holdings to fund dividend payments after a $12.54 billion first-quarter loss.

The pivot arrives roughly a year after Saylor told X followers to “sell a kidney if you must, but keep the Bitcoin” and posted his own decree that the only rules of Bitcoin were to buy and never sell.

From Maximalist Tweets to Earnings Call Reversal

In early 2025, Saylor flooded his timeline with absolutist messaging. On Feb. 2 he wrote “Never sell your Bitcoin.” On Feb. 3 he listed the “Rules of Bitcoin” as buying and refusing to sell. By March 4 he taunted shorts with “We can buy more Bitcoin than they can sell.”

The Q1 2026 earnings call delivered a different message. Saylor told analysts the firm would likely move BTC out the door to keep its preferred shareholders paid.

“We’ll probably sell some Bitcoin to fund a dividend just to inoculate the market, just to send the message that we did it.”

$12.5 Billion Loss Forces Pragmatic Pivot

Strategy booked a $14.46 billion unrealized markdown after Bitcoin fell from roughly $87,000 to $68,000 across the quarter. The firm now holds 818,334 BTC at an average cost of $75,537 per coin.

Bitcoin posted its worst opening quarter since 2018, dropping more than 23% as ETF outflows, tariff anxiety, and a hawkish Federal Reserve drained risk appetite.

CFO Phong Le said any sale would proceed only if it lifted Bitcoin per share. Saylor argued BTC needs to appreciate just 2.3% annually for the Strategy to cover its STRC dividends indefinitely through small disposals. The company carries $1.5 billion in yearly dividend obligations and roughly 18 months of cash coverage. The MSTR stock dropped after the call.

Critics Watch Saylor’s Bitcoin Pivot

Long-time skeptics pounced on the contradiction. Economist Peter Schiff has repeatedly labeled the firm’s Bitcoin-funded structure a Ponzi and questioned whether the dividend math holds without continuous BTC appreciation. He has also branded the equity itself a scam, intensifying scrutiny over how long the structure can hold.

The shift forces Saylor to reconcile two voices: the absolutist who told retail to mortgage everything, and the executive now selling to make payroll. The next earnings cycle will reveal whether that reconciliation comes quietly or through public correction.

The post Michael Saylor Backtracks From Sell a Kidney Stance to Selling Bitcoin appeared first on BeInCrypto.

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Cardano price has started recovering after breaking above a key descending resistance trendline, raising hopes that bulls may attempt a larger move toward the important $0.30 psychological level.

Summary

• Cardano price has rebounded after breaking above a multi-month descending trendline, with ADA climbing nearly 8% from recent weekly lows near $0.245.
• CoinGlass liquidation heatmap data showed heavy liquidation clusters between $0.28 and $0.30, pointing to a potential volatility zone if bullish momentum strengthens.
• Santiment data indicated continued whale accumulation, with large ADA holders increasing positions during recent market consolidation.

According to data from crypto.news, Cardano (ADA) was trading around $0.264 at press time on May 8, up nearly 8% from its recent weekly lows at $0.245. The token has also reclaimed levels last seen in late April after spending several months trapped under a broader downtrend structure.

The latest recovery comes as the broader crypto market stabilizes following renewed risk appetite across major digital assets. Bitcoin (BTC) holding above the $80K support level has also helped improve sentiment toward altcoins, including ADA.

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On the daily chart, ADA recently broke above a descending resistance trendline that had capped upside attempts since February. The breakout followed weeks of consolidation between roughly $0.24 and $0.27, suggesting that selling pressure may gradually be weakening.

At the same time, derivatives activity indicates traders are positioning for increased volatility. CoinGlass liquidation heatmap data shows a large concentration of liquidation liquidity clustered around the $0.28 to $0.30 range. These dense liquidity pockets often act as magnetic zones for price action, especially when momentum begins building in one direction.

If ADA continues climbing toward those levels, it could trigger a wave of short liquidations that may accelerate upside momentum further.

Meanwhile, whale accumulation trends continue to strengthen. Recent on-chain data from Santiment indicates that large Cardano holders have steadily increased their positions over recent weeks despite the broader market consolidation. Wallets holding between 10 million and 100 million ADA reportedly continued accumulating tokens during the recent dips, signaling that larger investors may still be positioning for a longer-term recovery.

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Such accumulation trends are often closely watched by traders because sustained whale buying can help absorb selling pressure while improving overall market confidence.

Cardano price analysis

The daily chart shows ADA successfully pushing above its descending trendline resistance after several failed breakout attempts earlier this year. Price has also started forming a series of higher lows since mid-April, suggesting buyers are gradually regaining control of the trend.

Momentum indicators are beginning to support the bullish structure. The RSI has climbed above 60 and continues trending upward while remaining above its signal line, reflecting strengthening buying momentum without yet entering overbought territory.

Meanwhile, the MACD has completed a bullish crossover and moved higher above the signal line. The histogram has also turned increasingly positive, suggesting bullish momentum is continuing to build.

Despite the breakout, ADA still faces several important resistance levels ahead. The $0.27 region remains the first key barrier, followed by heavier liquidation clusters near $0.28 and the major psychological resistance at $0.30.

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If bulls manage to push price above the $0.30 zone, it could open the door for a stronger rally toward levels not seen since the first quarter of 2026.

On the downside, failure to hold above the broken trendline could invalidate the breakout setup and pull ADA back toward the $0.25–$0.24 support region, where buyers previously stepped in aggressively.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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