GBP/USD failed to climb above 1.3500 and corrected some gains. EUR/GBP started a decent increase and might aim for more gains above 0.8700.

Important Takeaways for GBP/USD and EUR/GBP Analysis Today

· The British Pound is showing bearish signs below the 1.3400 support.

· There is a key bearish trend line forming with resistance near 1.3280 on the hourly chart of GBP/USD at FXOpen.

· EUR/GBP is gaining pace and trading above the 0.8660 pivot level.

· There is a connecting bullish trend line forming with support at 0.8670 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair failed to stay above the 1.3450 pivot level. As a result, the British Pound started a fresh decline below 1.3400 against the US Dollar.

There was a clear move below 1.3340 and the 50-hour simple moving average. The bears pushed the pair below 1.3250. Finally, there was a spike toward the 1.3200 handle. A low was formed near 1.3202, and the pair is now consolidating losses.

There was a minor move above 1.3240 and the 23.6% Fib retracement level of the downward move from the 1.3479 swing high to the 1.3202 low. On the upside, the GBP/USD chart indicates that the pair is facing resistance near a key bearish trend line at 1.3280.

A close above the trend line might send the pair toward the 50% Fib retracement at 1.3340. If the bulls remain in action, they could aim for more gains.

In the stated case, the pair might rise toward 1.3415. The next major hurdle for GBP/USD sits at 1.3480. On the downside, there is a key support forming near 1.3200. If there is a downside break below 1.3200, the pair could accelerate lower. The next key interest area might be 1.3160, below which the pair could test 1.3120. Any more downside could lead the pair toward 1.3050.

EUR/GBP Technical Analysis

On the hourly chart of EUR/GBP at FXOpen, the pair started a decent increase from 0.8635. The Euro traded above 0.8650 to enter a positive zone against the British Pound.

The pair settled above the 50-hour simple moving average and 0.8660. The pair traded as high as 0.8687 before there was a minor pullback, but the pair stayed above the 23.6% Fib retracement level of the upward move from the 0.8636 swing low to the 0.8687 high.

However, the pair is stable above 0.8670. Besides, there is a connecting bullish trend line forming with support at 0.8670.

A downside break below 0.8670 might call for more downsides. In the stated case, the pair could drop toward the 50% Fib retracement level at 0.8660. Any more losses might call for an extended drop toward the 0.8635 pivot zone.

If there is another increase, the EUR/GBP chart suggests that the pair is facing hurdles near 0.8685. A close above 0.8685 might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8700. Any more gains might send the pair to 0.8740.

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.

Key Highlights

• Starcloud secured $170M in Series A funding at a $1.1 billion valuation, achieving unicorn status in just 17 months post-Y Combinator
• The startup is developing orbital data centers in low Earth orbit to overcome terrestrial energy and space limitations
• Successfully deployed the first Nvidia H100 GPU to space in November 2025 and conducted AI training operations
• Second satellite mission scheduled for October 2026 will include AWS Outposts and deliver 100x greater power capacity
• Competition intensifies as SpaceX and Blue Origin announce comparable orbital infrastructure initiatives, including Musk’s million-satellite proposal

A Redmond, Washington-based startup called Starcloud has successfully closed a $170 million Series A funding round. The investment values the company at $1.1 billion, granting it unicorn status merely 17 months following its presentation at Y Combinator’s demo day.

Benchmark and EQT Ventures co-led the financing round. Additional participants included Macquarie Capital, NFX, Y Combinator, along with notable angel backers such as Dennis Muilenburg, former Boeing chief executive, and Kevin Johnson, who previously led Starbucks.

This latest capital injection elevates Starcloud’s cumulative funding to $200 million. Earlier financing rounds brought in $34 million from backers including Andreessen Horowitz and In-Q-Tel, the venture investment division of the CIA.

Starcloud’s mission centers on establishing data processing facilities in low Earth orbit. The strategy leverages the virtually uninterrupted solar energy available in space, eliminating the land availability and power supply challenges that hamper terrestrial data center development.

Constructing traditional Earth-based data centers typically requires up to five years because of regulatory approvals and energy infrastructure lead times. Starcloud contends that orbital infrastructure sidesteps these obstacles completely.

“We’re witnessing the AI revolution hit the hard limits of terrestrial power infrastructure,” stated CEO Philip Johnston. “Relocating AI computation to orbit grants us access to boundless solar energy and eliminates the power constraint entirely.”

Pioneering GPU Deployment in Orbit

Starcloud deployed its inaugural satellite, Starcloud-1, in November 2025, equipped with an Nvidia H100 processor. According to the company, this marked the first instance of this GPU operating in the space environment. The mission achieved another milestone by completing the first orbital AI model training session and executing a variant of Google’s Gemini model beyond Earth’s atmosphere.

The satellite’s design and construction took only 21 months using a modest $3 million pre-seed budget—a timeline the company characterizes as unprecedented in aerospace development.

Starcloud has already established collaborative agreements with Nvidia, Amazon Web Services, and Google Cloud.

Second Mission Set for October Launch

Starcloud’s follow-up satellite, designated Starcloud-2, is scheduled for deployment in October 2026. This spacecraft will transport AWS Outposts equipment and produce 100 times the power output of its predecessor. The satellite will also debut the largest commercial deployable thermal radiator ever launched into space.

Starcloud-2 represents the company’s first satellite designed to process commercial cloud computing tasks for revenue-generating clients, including initial customer Crusoe.

The fresh capital will fund development of next-generation Starcloud-3 satellites, scale up manufacturing operations, expand the workforce, and lock in future launch service agreements.

Long-term projections call for a constellation comprising 88,000 satellites. The company anticipates orbital data centers will achieve price parity with ground-based alternatives by 2028 or 2029, driven by declining launch expenses.

Starcloud faces emerging competition in this sector. SpaceX, under Elon Musk’s leadership, revealed plans in February 2026 for an orbital data center network featuring one million satellites following the acquisition of his AI venture xAI. Jeff Bezos’ Blue Origin has similarly signaled interest in comparable infrastructure projects.

Johnston indicated that Starcloud is negotiating energy capacity agreements with major cloud service providers, with public announcements anticipated in upcoming months.

U.S. President Donald Trump said the U.S. is “in serious discussions with a new, and more reasonable, regime” to end military operations in Iran, the first public acknowledgment of a regime change in Tehran since the conflict began five weeks ago.

Using the phrase “new regime” his post on Truth Social suggests the talks involve a leadership structure that was not in place when the war started at the end of February.

In the same post, Trump demanded the Strait of Hormuz be “immediately open for business” and threatened to “blow up and completely obliterate” Iran’s electric generating plants, oil wells and Kharg Island if a deal is not reached shortly. He added that desalination plants were also under consideration.

These are all targets the U.S. deliberately avoided hitting for the duration of the five-week conflict, he said.

The combination of a potential ceasefire with a new government and the most explicit threat to civilian and energy infrastructure yet makes this a two-sided headline that the market will struggle to price cleanly.

One the one hand, talks are taking place with a new regime and “great progress” has been made. On the other, the president just publicly listed every piece of critical infrastructure he’s prepared to destroy if those talks fail while saying such action would “conclude our lovely ‘stay’ in Iran.”

Bitcoin jumped above $67,600 on the news, taking its 24-hour gain to 1.3%. Ether (ETH) outperformed, up 3.1% to $2,070, solana (SOL) rose 1.9% to $84.09 and XRP added 1.0% to $1.35. The weekly picture is still uniformly red — with BTC down 1.3%, XRP 1.2%, SOL 2.2%. Tron continues to outperform, up 1.3% in 24 hours and 5.3% on the week.

The bounce squeezed a lot of shorts on the way up. CoinGlass data shows $9.32 million in short liquidations in the last hour alone against just $207,000 in longs.

Traders took on $340 million in liquidations over a 24-hour window, absorbing the bulk at $242.25 million from the overnight flush before the Trump post landed. The largest single order was a $9.8 million BTCUSD liquidation on Bybit.

Solana price fell 13% over the past week after confirming a bearish pattern on the charts. Will it experience a steeper decline ahead as institutional investors seem to be backing away from the asset?

According to data from crypto.news, Solana (SOL) price fell 13.5% from its weekly high of $92.88 to $80.37 earlier on Monday before settling a little above at $84.07 at the time of writing.

Solana price fell as institutional investors began rotating capital away from the token, likely as they explored other options. Data from SoSoValue shows that spot Solana exchange-traded funds recorded $4.24 million in outflows over the past week, breaking a six-week weekly inflow streak that drew in nearly $127 million from the investment products.

While this recent cooling doesn’t necessarily mean that institutional investors will continue to back off from the asset in the weeks ahead, they have certainly spooked retail investors into a cautious state as they await clearer market signals.

Another major reason that has set back the token is the persistent liquidations across crypto derivatives markets. Over the past 24 hours, over $24 million in positions were liquidated from Solana alone, with the majority coming from long liquidations. As these positions were wiped out, the resulting selling pressure further accelerated the decline.

Meanwhile, the ongoing uncertainty around when the war between the U.S. and Iran would come to an end has also fostered a cautious environment for investors who are rotating to gold and other safe-haven assets that have historically protected capital during geopolitical crises.

On the daily chart, Solana price has confirmed a multi-month bearish flag pattern. Such a pattern is formed when an asset drops sharply downwards, forming a flagpole followed by some consolidation forming the flag part of the pattern.

A break from the lower trendline of the pattern confirms the bearish outlook and has often preceded a significant downward move.

Hence, Solana price is likely to visit its year-to-date low of $67.82 reached on Feb. 6. On the bearish side, if Solana price loses the $80 support level, the selloff could intensify quickly.

Technical indicators seem to support this bearish outlook. Notably, the Aroon Down stood at 92.86% while the Aroon Up was at 0%, a sign that the bears are in total control of the trend. 

The Relative Strength Index, which shows the RSI at 44 slowly climbing back toward the neutral threshold, suggests that while the immediate panic has subsided, the overall momentum remains weak.

Prospects of interest rate rises are no longer just the U.S. story. Traders are now betting the Bank of Japan (BoJ) could tighten too as the resource-scarce nation faces inflation risks from the ongoing Iran war.

Traders see a roughly 69% chance of the BoJ raising its benchmark borrowing cost at the April 28 meeting, according to data tracked by Bloomberg. Action in options tied to U.S. interest rates shows traders expect the Fed to raise borrowing costs in the coming weeks.

BoJ’s policy meeting summary released Monday showed one member calling for a bigger rate hike in response to the conflict in the Middle East and its inflationary impact on Japanese society. Comments also noted that any move would factor in incoming economic data and anecdotal signals from the market.

The Fed’s tightening is a well-known headwind for risk assets, including bitcoin. The Bank of Japan can be just as impactful. Years of ultra-low rates encouraged traders to borrow in yen and invest in higher-yielding markets (the so-called carry trade), keeping borrowing costs suppressed globally and greasing rallies in risk assets.

So, a shift toward tighter policy in Tokyo could reverse these flows, sending ripples across markets and potentially deepening the crypto bear market. The BoJ has already raised its interest rate to 0.75% from -0.1% over the past two years while simultaneously ending its massive asset purchase program. Yet, rates in Japan remain significantly lower than the 3.5% seen in the U.S.

The bank, therefore, has plenty of room to hike if the Iran crisis worsens, potentially driving higher energy prices and imported inflation in Japan and other oil-dependent countries.

Easier said than done

Hiking rates, however, will be a challenging task given Japan’s strained fiscal situation. The country’s debt-to-GDP ratio stands at a staggering 240%, meaning higher rates could sharply increase borrowing costs and strain government finances.

Economists have said that Japan is caught between a rock and a hard place. If it hikes rates and allows government bond yields to rise, it could put Japan’s debt sustainability at risk. If it keeps rates low, the yen will likely depreciate significantly, adding to inflation concerns.

Strains are already evident in the FX market. The Japanese yen continues to weaken and is currently just around 160 per U.S. dollar, its weakest level since mid-2024. The JPY has depreciated by 54% since 2021.

South Korea’s Naver Financial has delayed plans for its share swap with crypto exchange Upbit’s parent firm Dunamu.

According to a regulatory filing with the country’s Financial Supervisory Service, Naver said it will hold a shareholder vote on Aug. 18, following which it will complete the transaction on Sept. 30. 

With the new timeline, the deal has now been delayed by nearly three months from earlier target dates of late May or early June.

While the company did not disclose the reason behind the delay, it said the deal remains subject to multiple regulatory approvals tied to changes in major shareholding and business combination review. It added that the transaction could be subject to further delays or cancellation depending upon how the approval process unfolds.

The deal may also be impacted by South Korea’s proposed Digital Asset Basic Act, which is expected to be implemented in the first half of 2026.

The planned legislation is the second phase of the country’s crypto regulatory framework and is set to expand beyond the current user protection regime to put in place a broader rulebook for the digital asset sector.

In the meantime, Dunamu has reported weaker operating performance, with its revenue and profit both falling in 2025 as market activity across the crypto market has slowed.

Per its annual filing, the company posted a 10% year-on-year decline in revenue, while its operating profit fell 26.7% and its net profit fell 27.9%.

Naver Financial first disclosed plans to acquire Dunamu last year, with local media reporting at the time that the company was preparing a share swap to bring the Upbit operator under its umbrella. The deal was subsequently confirmed in November as a roughly $10.3 billion all stock deal.

Around the same time, the company also announced plans to launch a stablecoin wallet service in collaboration with blockchain investment firm Hashed and the Busan digital exchange. As previously reported by crypto.news, the companies plan to develop a wallet named “Silk Pocket.”

Key Highlights

• Aletheia Capital maintains Buy recommendation on AMD with $330 price objective
• Server CPU revenues expected to expand at 45% CAGR through 2028
• Data center business projected to surge from $17B in 2025 to $77B by 2028
• Company has evolved into comprehensive AI compute solutions provider
• CEO Lisa Su joins Trump administration’s science and technology advisory council

Advanced Micro Devices ($AMD) continues to attract bullish sentiment from Wall Street analysts, with Aletheia Capital maintaining its Buy recommendation and establishing a $330 price objective for the chipmaker. Trading at $201.99, the stock presents substantial appreciation potential based on the firm’s analysis.

Advanced Micro Devices, Inc., AMD

The investment case from Aletheia focuses heavily on AMD’s positioning within the emerging agentic AI landscape. The research firm contends that central processing units — rather than solely graphics processing units — represent the optimal semiconductor architecture for agent-based computational tasks, positioning AMD favorably to capitalize on this shift.

Aletheia’s financial projections anticipate AMD’s server CPU business will achieve a remarkable 45% compound annual growth rate spanning 2025 through 2028. This aggressive expansion forecast forms the foundation of the firm’s optimistic outlook.

Regarding data center operations, the analyst firm forecasts revenue climbing from $17 billion in 2025 to $58 billion by 2027, ultimately reaching $77 billion in 2028. This trajectory represents approximately 4.5-fold growth over a three-year period.

Aletheia employed a sum-of-the-parts methodology to derive its $330 valuation. For comparison, InvestingPro’s Fair Value analysis places AMD at $225.24, which still exceeds current trading levels.

The company delivered 34% revenue growth over the trailing twelve months. This performance validates the thesis that AMD is capturing increased market share within the AI computing sector.

Aletheia’s perspective on AMD has broadened beyond viewing the company as merely an alternative GPU supplier. The firm now characterizes AMD as a “comprehensive AI compute provider” — terminology that underscores the company’s strategic transformation.

However, the firm acknowledged several risk factors including end market demand volatility, execution challenges, and geopolitical uncertainties. These considerations carry significant weight given current macroeconomic conditions.

Wall Street Consensus Strengthens

Wolfe Research similarly maintains an Outperform stance on AMD with a $300 price objective. The firm emphasized AMD’s conviction in its AI accelerator development timeline and sustained server market traction.

Seaport analyst Jonathan Golub observed that semiconductor sector valuations, including AMD’s multiple, have contracted since July. He interprets this compression as creating attractive entry opportunities.

Corporate Updates and Strategic Moves

AMD and Celestica unveiled the Helios rack-scale AI platform designed for data center infrastructure applications. This collaboration capitalizes on Celestica’s engineering and production expertise.

The company also finalized a multi-year licensing arrangement with Adeia Inc. This agreement provides AMD access to Adeia’s semiconductor intellectual property library while settling all pending legal disputes between the parties.

CEO Lisa Su secured an appointment to President Trump’s Council of Advisors on Science and Technology. This role positions her among influential leaders guiding U.S. technology and scientific policy direction.

AMD communicated concerns regarding its client computing and gaming divisions due to escalating memory component costs. These segments have demonstrated weaker performance relative to the robust data center business.

InvestingPro designates AMD as a “prominent player in the Semiconductors & Semiconductor Equipment industry.” The stock declined 0.87% during the trading session at time of publication.

Bitcoin (BTC) buyers made a tepid comeback on Monday, pushing BTC price to its intraday high of $67,860. Analysts said that Bitcoin remains in a bear market, with several metrics pointing to a potential bottom below $50,000.

Key takeaways:

• Bitcoin price turns $70,000 into resistance, clearing the path for a deeper correction.

• Bitcoin’s short-term holder realized price bands moved lower, with a potential bottom around $46,000.

• Historical retracement levels and a bear flag breakdown point to $39,000–$41,000 as the final low for BTC price this cycle.

Bitcoin’s “path of least resistance” is downward

Data from TradingView captured ongoing BTC price gains, up 1.5% on the day to trade at $67,750, as $69,000-$70,000 became new resistance.

Analyzing Bitcoin’s price action on lower time frames, Telegram trading resource Technical Crypto Analyst said losing the $68,000-$69,000 support “confirms short-term bearish momentum,” adding:

“Unless price quickly reclaims $69K–$70K, the path of least resistance remains downward toward the $65K demand zone.”

Related: Worst six months since 2018? Five things to know in Bitcoin this week

“Great bounce upwards, but nothing confirmed as of yet on Bitcoin,” MN Capital founder Michael van de Poppe said in a Monday post on X.

It “all depends on macroeconomic events; however, I’d rather see a breakout above $71K for confirmation,” he added.

“On the other hand, a classic little sweep to $65K just before the push upwards would signal that we’re going to get that momentum.”

Analyst Kyle Chassé said that with the Fear and Greed index still in the “extreme fear zone” and the order books showing more shorts than longs, the market leans “towards more downside.”

Where will the Bitcoin price bottom?

Bitcoin’s 46% drawdown from its $126,000 all-time high has seen the cost basis of short-term holders (STH) — the average price of entities who have held BTC for less than 155 days — drop from $113,500 to $83,200.

“​​This is a sign that the pricing for a potential bottom has also moved lower,” said CEO and founder at Alphractal Joao Wedson in an X post on Monday.

Similarly, the lower line of the STH realized pricing bands (blue line) has also moved “even lower, which could confirm that Bitcoin may form a bottom around $50K or slightly below,” Wedson added.

The chart below shows that Bitcoin bottomed out just below the lower band of the STH realized price during the 2022 bear market. 

Analyst Willy Woo said that the bear market bottom for Bitcoin could be between its realized price, currently at $54,000, and the Cumulative Value-Days Destroyed (CVDD), now at $45,500.

“Old school onchain models suggest a BTC bottom between $46K-54K. ”

The CVDD measures the cumulative value of “Coin Days Destroyed” (long-term holders selling) relative to the market’s age, creating a rising “floor” price during bear markets. 

Crypto analyst Crypto Jelle said Bitcoin’s bear market lows have historically formed between the 0.618 and the 0.786 retracement levels, which are at $57,600 and $39,000, respectively.

As Cointelegraph reported, the current “last stages” of the bear market are producing predictions of as low as $41,000, based on a bear flag breakdown.