Crypto World
XRP Price Prediction: RLUSD Pushes Ripple Stablecoin Adoption, But XRP Lags
XRP price trades just a few levels below $1.40 after clearing a key resistance level, which then lags. The token’s price action has remained stubbornly muted even as Ripple’s stablecoin ecosystem posts record numbers.
RLUSD’s market cap has surged to $1.59 billion, with 24-hour trading volume spiking 143% as BlackRock adopted it as collateral. OKX’s listing of RLUSD as institutional collateral marks a structural upgrade too, moving it from a tier-two exchange asset to a genuine money-market instrument.
Ripple ecosystem is firing on multiple cylinders, with MEA expansion deals closing, central bank payment integrations deepening, record XRPL transaction volumes printing, while XRP spot price consolidates in a tight band.
Discover: The best crypto to diversify your portfolio with
Can XRP Price Hit $2.80 Before Year-End?
XRP currently trades in the $1.37–$1.40 range, having cleared the $1.40 resistance level before falling back under it again. The volume driven by stablecoin positioning doesn’t always carry the same weight as organic spot demand. Support sits at $1.33; a clean hold above $1.40 on a daily close would confirm the level as new support.
Momentum indicators suggest consolidation rather than a clean directional trend. The price is holding its ground, but moving averages show no strong bullish divergence yet.

If RLUSD can hit the $2 billion market cap milestone, it would likely trigger institutional liquidity flows that spill into XRP. Analysts at Standard Chartered target $2.80 by year-end under this scenario, conditional on RLUSD reaching $1 billion supply thresholds.
Garlinghouse’s recent commentary reinforced the long-term payments narrative, but near-term price action hinges on whether the $1.40 level holds through the week. Watch it closely.
Discover: The best pre-launch token sales
LiquidChain Targets Early-Mover Upside as XRP Tests Key Levels
XRP at $1.40 represents a cleaned-up technical picture, but at a $73+ billion market cap, the multiples needed for life-changing returns require a very specific macro setup. That’s the honest math.
Traders rotating between established large-caps and genuinely early-stage infrastructure are increasingly looking one layer deeper in the stack.
LiquidChain ($LIQUID) is a Layer 3 infrastructure project built around a single thesis: Bitcoin, Ethereum, and Solana liquidity shouldn’t live in silos. Its Unified Liquidity Layer fuses all three ecosystems into one execution environment.
With Liquid, developers deploy once, access all three, with verifiable settlement baked in. The presale is live at $0.01454 per $LIQUID, with more than $700k raised, and not to forget, it’s 1500% APY rewards. Single-Step Execution and Deploy-Once Architecture are the headline technical features.
Research LiquidChain before the next price increase.
The post XRP Price Prediction: RLUSD Pushes Ripple Stablecoin Adoption, But XRP Lags appeared first on Cryptonews.
Crypto World
Stablecoins top Bitcoin for Latin America crypto purchases
Latin America’s crypto adoption path is pivoting toward stablecoins in 2025, reflecting how local conditions—high inflation, currency depreciation, and uneven access to traditional banking—shape user behavior. Bitso’s 2025 crypto adoption report, drawn from nearly 10 million retail users on its exchange, shows stablecoins accounted for 40% of crypto purchases that year, while Bitcoin represented 18%. The shift marks the first time stablecoins outpaced Bitcoin in the region’s purchase mix.
The findings illuminate what Bitso calls a movement toward “digital dollarization.” In economies where local currencies struggle to preserve value, stablecoins pegged to the U.S. dollar offer a comparatively accessible way to store value and transact in dollar equivalents. As global payment rails expand, stablecoins appear increasingly practical for everyday savings, payments, and cross-border remittances across Latin America.
Key takeaways
- Stablecoins dominated Latin American crypto purchases in 2025 at 40%, versus 18% for Bitcoin.
- Bitcoin remains a core long-term store of value, present in 52% of regional crypto portfolios in 2025, a slight dip from 53% the prior year.
- The region’s stablecoin momentum feeds into a broader global trend, with the sector near $320 billion in market capitalization and growing use as a financial tool beyond investing.
- Local use-cases are expanding, notably Mercado Libre’s cross-border remittance product using the Meli dollar stablecoin for Brazil, Mexico and Chile, following the earlier discontinuation of its Mercado Coin offering.
Stablecoins reshape Latin American on-ramps
Bitso’s data underscore a practical shift in how individuals interact with crypto: stablecoins are increasingly used as a first point of entry and a medium of daily value transfer. In economies facing persistent inflation and currency volatility, stablecoins provide a more predictable unit of account than many local currencies, alongside faster settlement and lower friction for cross-border payments.
Beyond on-ramps, stablecoins are gaining traction as a component of regional financial infrastructure. The Bitso study situates stablecoins not merely as speculative assets but as tools that empower savers and small businesses to navigate volatility, access dollar-denominated payment rails, and send remittances with lower costs than traditional channels.
Bitcoin endures as a regional store of value
While the share of crypto activity tied to Bitcoin has declined slightly as stablecoins gain ground, the asset continues to anchor Latin American portfolios. The Bitso report notes that Bitcoin remains the primary long-term digital store of value, held in 52% of crypto portfolios in 2025, down marginally from 53% in 2024.
Industry observers have long framed Bitcoin as a scarce, decentralized store of value akin to gold. New analyses, including research from MarketVector, broaden that lens by highlighting common traits—scarcity, decentralization, and resistance to supply expansion—that underpin Bitcoin’s narrative as a durable store of value, even amid price volatility.
Local innovations push adoption forward
Regional deployments illustrate how stablecoins are moving beyond speculation toward practical use cases. In early April, Mercado Libre reported the launch of a cross-border remittance product using its Meli dollar stablecoin for users in Brazil, Mexico and Chile. The rollout followed the company’s earlier decision to discontinue issuing its own stablecoin, Mercado Coin, earlier this year. The move signals a shift toward dollar-linked digital currencies as a backbone for cross-border commerce within Latin America.
These developments sit within a broader ecosystem trend: the global stablecoin market has grown to roughly $320 billion, with adoption expanding across both developed and emerging economies. The Latin American experience demonstrates how stablecoins can function as a bridging technology—supporting savings, domestic payments, and regional remittances in an increasingly interconnected digital economy.
Broader market backdrop and policy signals
The Latin American story unfolds against a global backdrop where stablecoins are increasingly integrated into payments and settlement rails. For example, larger payment networks have begun to explore or implement stablecoin settlements, a trend that could accelerate liquidity and adoption in regions with imperfect traditional banking access. In related Asia-Pacific and European developments, industry participants emphasize that stablecoins offer efficiency gains for merchants and users alike, while regulators weigh consumer protections and systemic risk considerations.
US dollar dynamics also matter in this narrative. While the dollar itself faces inflationary headwinds, it historically retains greater stability relative to many local currencies, reinforcing the appeal of dollar-pegged digital assets for regional users seeking to preserve purchasing power.
What comes next for Latin America’s crypto landscape
Looking ahead, readers should watch how LATAM regulators balance innovation with safeguards as stablecoins scale in everyday use. The region’s mix of high inflation in some economies, ongoing currency depreciation, and evolving fintech ecosystems creates both opportunity and risk for stablecoins, Bitcoin, and related services. Investor and user interest may hinge on liquidity, on-ramps for new users, and the development of compliant custody and payment rails that can support cross-border activity at scale.
As Bitso’s findings illustrate, stablecoins have moved from niche instruments to practical components of everyday financial life in Latin America. The coming year will reveal whether this digital dollarization trend broadens beyond pockets of inflationary stress to become a pervasive feature of the region’s financial infrastructure.
Crypto World
Polymarket Taps Chainalysis to Police Insider Trading

The prediction market will deploy a custom on-chain detection model to flag insider activity.
Crypto World
U.S. senators won’t be weighing in on prediction markets bets after banning themselves
A U.S. Senate that’s struggled to move crypto market structure legislation moved like lightning on Thursday to ban themselves from participating in prediction markets.
Acting on a simple, 14-line resolution pushed by Ohio Republican Senator Bernie Moreno, the Senate agreed unanimously to put a restriction between members and the increasingly popular, controversial betting platforms that have drawn scrutiny over insider-trading activity and fights over who has regulatory jurisdiction.
“United States Senators have no business engaging in speculative activities like prediction markets while collecting a taxpayer-funded paycheck, period,” said Senator Moreno in a Thursday statement. “Serving in Congress should never be about finding new ways to profit; it should be about delivering results for the American people.”
Effective immediately, the change to Senate rules now holds that senators can’t enter “an agreement, contract, or transaction that provides for any purchase, sale, payment, or delivery that is dependent on the occurrence, nonoccurrence, or the extent of the occurrence of a specific event.”
Political betting has surged in popularity, and some candidates for office have already been penalized for wagering on their own races.
One of the leading platforms, Polymarket, posted on social media site X that the company is in “full support” of the Senate’s action. Polymarket, which isn’t supposed to operate in the U.S. after a 2022 agreement with the CFTC, noted that its user rules “already prohibit such conduct, but codifying this into law is a step forward for the industry.”
Betting on Polymarket currently gives Democrats even odds that they’ll reclaim the Senate majority in the November elections. Democrats have generally been more critical and suspicious of the fast-growing industry.
Crypto World
Apple (AAPL) Stock: Q2 Earnings Beat Expectations with 17% Revenue Jump and $100B Buyback
Key Highlights
- AAPL demonstrates 17% revenue increase, though shares decline in extended trading
- Quarterly performance surpasses Wall Street projections on both earnings and sales
- Company unveils $100B share repurchase initiative alongside robust services performance
- iPhone sales maintain momentum while market response remains cautious post-announcement
- Solid Q2 performance meets mixed investor sentiment in after-hours session
Apple Inc. (AAPL) shares climbed following the tech giant’s impressive quarterly performance, though momentum cooled during extended trading hours after initial gains. The Cupertino-based company delivered robust financial results powered by sustained iPhone sales and expanding services offerings. Nonetheless, certain segment shortfalls and ongoing supply challenges tempered enthusiasm in after-market activity.AAPL shares concluded regular trading at $271.35, registering a 0.44% increase following the earnings announcement.
Quarterly Financial Performance Shows Robust Top-Line Expansion
Apple disclosed quarterly sales totaling $111.2 billion, representing a 17% year-over-year improvement. The technology leader posted earnings per share of $2.01, surpassing consensus estimates from analysts. Sustained consumer appetite for iPhone products underpinned overall results, even as certain product categories delivered mixed outcomes.
iPhone division generated $56.99 billion in revenue, falling marginally short of projections while still demonstrating healthy annual expansion. Both Mac and iPad product lines outperformed expectations, providing diversified revenue contributions. The services division continued reinforcing the company’s subscription-based income foundation.
Services segment revenue climbed to $30.97 billion, showcasing consistent growth from subscription offerings and digital content. Gross profit margin expanded to 49.3%, signaling enhanced operational efficiency. The company sustained earnings momentum despite persistent global supply chain complexities.
Expanding Services Division and Capital Allocation Strategy Bolster Position
Apple’s services business unit posted consistent advancement, fueled by increasing subscriber adoption across multiple digital platforms. The corporation strengthened its ecosystem spanning payment solutions, cloud infrastructure, and media entertainment services. Consequently, the services segment generated higher-margin revenue contributions.
Management authorized a fresh $100 billion stock buyback initiative designed to maximize shareholder value. The company simultaneously raised its quarterly dividend to 27 cents per share, reinforcing its commitment to returning capital. These measures bolstered investor sentiment in the wake of earnings disclosure.
Research and development expenditures surged substantially, demonstrating ongoing commitment to emerging technologies and innovation. R&D costs jumped 33% compared to the prior year, totaling $11.42 billion. The company remains focused on advancing artificial intelligence capabilities and next-generation product development.
Regional Performance, Supply Dynamics, and Executive Succession Frame Future Direction
Apple achieved notable expansion in Greater China, generating $20.49 billion in regional revenue. This outcome surpassed market forecasts and illustrated strengthening demand in key territories. The organization benefited from sustained premium device positioning across international markets.
Worldwide memory component shortages stemming from AI data center infrastructure buildout created manufacturing constraints for hardware divisions. Elevated memory pricing pressured margins throughout the broader technology industry. Apple successfully preserved profitability despite these headwinds.
Executive leadership succession planning introduced additional strategic considerations for investors. Tim Cook announced his planned September departure, with John Ternus designated as his replacement. The company continues advancing its artificial intelligence roadmap through strategic collaborations and product innovation initiatives.
Crypto World
Top 5 Altcoin Setups For May 2026
“Sell in May and go away” has crossed from Wall Street into crypto folklore, signaling summer drawdowns and thin tape. Five altcoin setups for May suggest 2026 could rewrite that script.
Chainlink, Ethereum, Kaspa, Sui, and NEAR spent months grinding through accumulation with compressed volatility. Each name now sits within striking distance of a breakout, and each has a specific catalyst lined up for May.
Chainlink (LINK) Coils Inside an Ascending Triangle
Chainlink (LINK) trades around $9.13 after pulling back from its August 2025 swing high near $31. The weekly chart shows a maturing accumulation pattern that began in January 2026, with main support sitting between $5.50 and $7.50.
The first overhead barrier holds at $13, while the next supply zone sits between $17 and $18. Weekly RSI bottomed in early 2026 and is curling back toward 50. BBWP prints stacked blue bars that flag a compression setup before expansion.
Zooming in on the daily timeframe, LINK has formed an ascending triangle since February. Price defends a rising trendline from the $7 low and presses against horizontal resistance at $10.
A confirmed breakout above $10 projects a measured move toward $11.92, the bullish target marked on the chart. A breakdown of the rising trendline opens the path to $8, with $6.80 as the bearish target.
Daily volume contracts in tandem with BBWP, which signals that an expansion move is close. Daily RSI hovers near 50, confirming neutral momentum.
The fundamental driver in May is the OpenAssets partnership announced in April. The deal routes tokenization flow from ICE, Tether, Fanatics, and Mysten Labs through Chainlink oracles.
The CCIP v1.5 mainnet rollout and a $644 million buyback program reinforce this real-world asset narrative if the daily triangle resolves higher.
Ethereum (ETH) Defends $2,200 With a Daily Channel
Ethereum (ETH) trades near $2,265 after a sharp correction from the August 2025 all-time high at $4,956. The weekly chart bottomed at $1,748 on February 2 and has since reclaimed the $2,200 support shelf.
Overhead, the next major resistance sits at $2,701, with the deeper supply band between $3,400 and $3,600. A loss of $2,200 exposes a long ascending trendline support near $1,600, drawn from cycle lows.
Weekly RSI is climbing back toward the neutral zone, while BBWP flashes low-volatility blue bars. Both readings hint at a coiled-spring setup before a directional move.
On the daily timeframe, ETH has traded inside an ascending parallel channel since the February low. Price now sits at the 0.382 Fibonacci retracement at $2,264, with channel support flexing through $2,200.
The most important short-term resistance is $2,400, which aligns with the prior pivot supply. A break below the 0.618 retracement at $2,140 would weaken the bullish case and put $2,000 back in play.
Daily volume has thinned, BBWP prints below-normal bars, and RSI sits below its descending trendline near 50. Volatility compression continues to build.
The structural catalyst is the lagged effect of the Fusaka upgrade, activated December 3, 2025. Fusaka raised blob capacity from 6 to 48 per block and lifted the gas cap to 150 million.
Layer 2 fees have collapsed since, fueling renewed DeFi throughput, while the Glamsterdam fork, tentatively scheduled for mid-2026, adds a further bullish accelerant.
Kaspa (KAS) Sets Up Inside a Long-Term Falling Wedge
Kaspa (KAS) trades around $0.0325 after a deep drawdown from its 2024 peak above $0.20. The weekly chart shows a maturing falling wedge that has compressed price action since late 2024.
Falling wedges resolve higher in most cases, and a confirmed breakout would target $0.054 first, then $0.075. Main support sits near $0.030, the floor that has contained price since January 2026.
Weekly volume is contracting, and BBWP shows persistent low-volatility bars. RSI broke above its descending trendline, and KAS now retests that line as new support.
The Toccata hard fork is the headline catalyst, with mainnet activation scheduled for June 5-20, 2026. The upgrade introduces native KRC-20 tokens, programmable covenants via the Silverscript compiler, and base-layer zero-knowledge verification.
Pre-fork accumulation often frontruns these activations, which means May offers the cleanest window before the move prices in.
Sui (SUI) Tests the Lower Edge of a Yearlong Range
Sui (SUI) trades near $0.91 after a steep correction from its 2025 all-time high above $5.30. Price has spent the entire year of 2026 grinding around $0.90 on the same support shelf.
A breakdown opens a deep dive toward the 1.0 Fibonacci extension at $0.355. A successful defense flips the chart, with the 0.786 retracement at $1.43 acting as the first bullish target.
Above that, the 0.618 golden pocket level at $2.27 completes the upside roadmap. BBWP shows low volatility, while weekly RSI hovers near oversold and has not yet flipped bullish.
The headline catalyst lands inside the trading window. CME Group launches regulated SUI futures on May 4, 2026, opening a direct institutional rail.
Layered on top, the Grayscale Sui Trust S-1 filing and the 21Shares 2x SUI ETF launch tighten the structural bid through May.
NEAR Protocol (NEAR) Approaches a Multi-Year Resistance Trendline
NEAR Protocol (NEAR) trades at $1.30 after months of basing inside its long-term support zone. Price compresses against a multi-year descending trendline that connects the 2022 high near $20 with the 2024 lower high.
A clean breakout would clear the way to the first target at $3.30, a confluence of support and resistance levels. The second target sits near $8, the double-peak zone formed in March and December 2024.
BBWP prints low volatility, and the weekly RSI is testing its own descending trendline. A break of that RSI line typically precedes a strong directional move.
The narrative engine for NEAR is its pivot to user-owned AI, summarized in Messari project research.
The 2026 roadmap prioritizes scaling toward one million transactions per second alongside AI-Intents, and recent launches such as IronClaw, NEAR AI Cloud, and a TEE-secured GPU marketplace already reach more than 100 million users. Pending spot NEAR ETF filings from Grayscale and Bitwise sit as a wildcard upside trigger.
Why These Altcoin Setups Matter Heading Into May 2026
All five charts show a common signature. Each name compresses with thinning volume and stacked BBWP blue bars. RSI is either bottoming or pressing key trendlines in every case.
The coins also share clustered fundamental triggers stacked into a single calendar window. That kind of overlap is unusual across altcoins at the same time.
Whether to “sell in May and go away” still depends on whether macro flows cooperate. If Bitcoin holds its consolidation and the Federal Reserve continues to reprice, May could mark the rotation traders have been circling.
If macro turns hostile, the same compression patterns flip into breakdowns, confirming the seasonal playbook.
The post Top 5 Altcoin Setups For May 2026 appeared first on BeInCrypto.
Crypto World
How US Stock Markets Rewarded Google But Punished Meta After Q1 Earnings
Alphabet (GOOGL) added more than $300 billion in market value on April 30, 2026, lifting its capitalization above $4.5 trillion. Meta Platforms (META) shed roughly $175 billion in the same session despite a stronger top-line beat.
Both companies reported Q1 2026 results after the close on April 29. Investors rewarded Google for visible AI revenue while punishing Meta for its heavier capital-spending guidance.
Cloud Revenue Carried the Beat
Google Cloud reported $20 billion in revenue for Q1, up 63% year over year. Backlog climbed to more than $460 billion, nearly doubling sequentially. Enterprise AI demand is running well ahead of supply.
“Google Cloud saw a meaningful acceleration in growth as revenues increased 63% to $20.0 billion, led by an increase in Google Cloud Platform (GCP) across enterprise AI Solutions and enterprise AI Infrastructure, as well as core GCP services,” read an excerpt in the announcement.
Search queries reached an all-time high during the quarter on the back of Gemini integration. Consumer AI subscriptions topped 350 million. Alphabet also raised its dividend by 5%.
Q1 capital expenditure landed at $35.7 billion. The company lifted full-year 2026 capex guidance to $180 billion – $190 billion, with 2027 spending flagged as “significantly higher.”
Markets absorbed the increase because cloud revenue is already converting that spend into bookings. In this regard, positive sentiment translated into buyer interest, pushing Google’s market cap above $4.5 trillion, adding over $300 billion in one day.
As of this writing, Google’s Alphabet stock was trading for $377.62, marking a new all-time high.
In contrast, markets punished Meta for its more aggressive capital-spending guidance.
Bigger Than Two of the World’s Top Economies
Alphabet’s $4.5 trillion valuation now eclipses the annual GDP of Japan and India. Japan’s economy runs near $4.2 trillion, and India’s at $4.1 trillion. A single US-listed company now sits above two of the world’s largest national economies.
Alphabet’s 2026 spend will pour into the same data-center economy where Bitcoin (BTC) miners compete. Power, GPUs, and grid capacity are now contested directly by hyperscalers.
Several listed miners have already pivoted toward AI hosting contracts. The shift blurs the line between proof-of-work mining and AI cloud hosting.
Google’s $300 billion single-session gain alone exceeded the combined market value of most major altcoins outside Bitcoin and Ethereum (ETH). The print shows how aggressively capital is rotating into AI infrastructure stories this cycle.
The question is whether AI capex spills into compute tokens, public miners, and decentralized GPU networks. Meta’s drop shows markets still want returns, not just spend.
The post How US Stock Markets Rewarded Google But Punished Meta After Q1 Earnings appeared first on BeInCrypto.
Crypto World
Dogecoin Stays Above $0.095 with $0.10 Breakout Looming Amidst Whale Accumulation
Key Insights
- Dogecoin has solid support at $0.095 amid increased whale accumulation.
- Open interest in futures contracts surges to $1.37 billion.
- A breakout above $0.1018 may lead to gains up to $0.1172.
Dogecoin Firm Above Crucial Support Zone
Dogecoin keeps pushing above the important resistance level at $0.095 after experiencing significant corrective moves to the downside over the past weeks. The meme coin, which has corrected about 60% off its October price high, is demonstrating some signs of stabilization.
In terms of price movement, the digital asset has been quite flat over the last few days, implying that traders might be waiting for a breakout on either side. In particular, the coin is above its crucial 50-day exponential moving average near $0.0958.
$0.10 Resistance Becomes Dominant Obstacle
The immediate obstacle for Dogecoin is found at the psychologically important $0.10 area. The area is buttressed by a downtrend line traced from earlier highs in January and April, rendering it as an essential resistance level.
The momentum oscillators are starting to favor the bulls. The RSI oscillator is now at 56, pointing to increased buying interest without being overbought. On the other hand, the MACD oscillator is slightly in positive territory, showing that the buyers continue to dominate.
A breakout above the resistance level, accompanied by high trading volume, would signal the start of the breakout process.
Increase in Whale Holdings Indicates Increasing Confidence
Data on-chain shows an increasing trend in whale activity. The number of whales with holdings ranging from 1 million to 100 million DOGE has grown to 4,920 from 4,872 recorded earlier this year.
The fact that there is an increasing number of whale holders while the price range of the token remains unchanged indicates that there is a lot of accumulation going on.
It is important to note that accumulation always precedes price movements in any asset, and this further strengthens the bull case for Dogecoin.
Bull Case Supported by Futures Trading Volume
More evidence from derivatives is found which strengthens the bullish case for Dogecoin. As reported by CoinGlass, the total open interest volume in Dogecoin futures now stands at $1.37 billion, having increased by 3% in just one day.
The funding rate is also currently 0.0051%, implying that traders who hold long positions are paying a premium to hold their positions.
Breakout Levels and Price Objectives
Market expert Ali Martinez sees the significant level at which a breakout should occur at $0.1018. A bullish confirmation can be achieved by closing above this level for 4 hours with more volume participation.
In case of a breakout above the level mentioned, $0.1172 will be a target price, coinciding with the channel resistance. After that, attention should shift to psychologically important levels of $0.15, $0.20, and possibly even $0.25.
But the Risks Are There to Consider
While the upside appears promising, downside risks still have to be considered. A breach of the $0.095 mark that acts as the 50-day moving average will dampen bullish sentiment.
In this case, traders will aim to test lower support marks at $0.087 and even the February low of $0.080. This will serve as a fallback position, but it will indicate a reversion to bearish trends.
Dogecoin: At an Important Turning Point
At present, Dogecoin finds itself at a crucial point where technical support, whale hoarding, and futures activity come together. With the $0.10 level still acting as the key resistance.
Any breakout to the upside will open doors to substantial gains.
Until then, all eyes will be on DOGE as it consolidates within a narrowing trading range.
Crypto World
Anchorage Digital Partners with M0 on US Stablecoin Issuance Stack

The partnership aims to make it easier for companies, including fintechs and paying firms, to issue compliant stablecoins in the United States.
Crypto World
Why Jerome Powell Refuses to Leave the Fed
Jerome Powell announced at his final FOMC press conference on April 29 that he will remain on the Federal Reserve Board of Governors past May 15, saying Trump’s legal attacks on the institution had “left me no choice” but to stay until the investigation is resolved.
Summary
- Powell cited the DOJ’s criminal investigation into the Fed’s headquarters renovation and DC Attorney Jeanine Pirro’s public warning that she would “not hesitate to restart” the probe as his reasons for staying on the board.
- The FOMC meeting produced four dissents, the most divided Fed vote since October 1992, with three members wanting the easing bias removed from the statement and one wanting an immediate rate cut.
- Bitcoin dropped from $77,000 to $74,914 following Powell’s announcement, Bitcoin ETFs logged $137.77 million in outflows snapping a nine-day inflow streak, and rate cut odds for 2026 collapsed sharply.
Jerome Powell will stay on the Federal Reserve Board of Governors after his chairmanship ends on May 15, in a decision that would make him the first outgoing Fed chair to remain on the board since Marriner Eccles in 1948. CoinGape reported that Powell made the announcement at his final FOMC press conference, saying: “The things that have happened really in the last three months have, I think, left me no choice but to stay until I see them through at least that long.” Powell said he planned to “keep a low profile” and would not act as a shadow chair once Kevin Warsh is confirmed and sworn in.
Jerome Powell says legal attacks on the Fed are “unprecedented in our 113-year history”
Powell’s stated reason for staying is the DOJ investigation into the Federal Reserve’s headquarters renovation, which produced a criminal probe into Powell’s congressional testimony. DC Attorney Jeanine Pirro closed her office’s probe last week but posted publicly that she would “not hesitate to restart a criminal investigation should the facts warrant doing so.” Powell said he would leave “when the investigation is well and truly over with finality and transparency.” Trump responded by posting that Powell “wants to stay at the Fed because he can’t find a job elsewhere.” Treasury Secretary Bessent said it would be “extraordinary” for an outgoing chair to remain as governor, calling it a breach of tradition. As crypto.news reported, the FOMC voted to hold rates at 3.50 to 3.75% for a third straight meeting, but the four dissents were the real story: three members wanted the easing bias removed from the statement, signaling a hike is as likely as a cut, while Stephen Miran voted for an immediate cut.
Bitcoin falls to $74,900 as the Warsh “Pivot Party” gets cold water
As crypto.news documented, the market entered April 29 pricing in a Warsh-driven pivot narrative, with the assumption that Powell’s departure would clear the path for faster rate cuts. Powell staying on the board, retaining a vote on the 12-person FOMC, and three hawkish dissenters demanding removal of the easing bias collectively broke that thesis in one press conference. Bitcoin fell from $77,000 to $74,914, with $137.77 million in ETF outflows snapping a nine-day inflow streak. Matt Mena of 21Shares said the dissenters “threw a bucket of ice on the market’s pivot party.” As crypto.news tracked, Bitcoin has now fallen after eight of the last nine FOMC meetings, a pattern that continued precisely as analysts predicted entering the day.
Powell’s governor term runs through January 2028, meaning he retains a full vote on rate decisions through Warsh’s first two years as chair. The full Senate confirmation vote for Warsh is expected the week of May 11.
Crypto World
Elon Musk Says Most Crypto Are Scams, But X Launches New Crypto Trading Terminal
Elon Musk told an Oakland jury that most cryptocurrencies are scams during testimony in his civil trial against OpenAI, marking a notable break from his years as one of the sector’s loudest public boosters.
The Tesla and SpaceX chief made the remark when asked about a 2018 OpenAI plan to raise funds through an initial coin offering (ICO), according to New York Times reporter Mike Isaac.
A Sharp Turn for Crypto’s Most Vocal Backer
Musk spent the 2020 to 2021 cycle moving markets with both tweets and corporate buys. Tesla acquired $1.5 billion of Bitcoin (BTC) in 2021, one of the earliest balance sheet allocations by a major public company.
His posts on Dogecoin (DOGE) repeatedly pushed the meme token to new highs that same year. The billionaire has also confirmed personal holdings in Bitcoin, Ethereum (ETH), and Dogecoin across past interviews.
That stance began to cool in 2022, when Tesla sold roughly 75% of its Bitcoin reserve. The company has held the position steady since, retaining 11,509 BTC worth $879 million in Q1 2026 after a $222 million markdown.
Elon Musk Tells Jury Most Crypto Is a Scam as X Rolls Out Cashtags
The courtroom remark coincided with a parallel push at Musk’s social platform. X head of product Nikita Bier said the company was rolling out a web version of Cashtags, a feature that converts $tickers for stocks and crypto into clickable real-time charts and asset-specific post feeds.
Bier framed the tool as a way to position X as a core trading terminal. Bundled controls, including contract address matching and account locks on first-time crypto posters, are intended to filter out fraudulent tokens before they reach users.
The rollout fits a broader X finance push that also includes payments and pilot trading features. Musk’s distinction between merit assets and scams maps directly onto Cashtags’ pitch, separating what the feature wants to surface from what its anti-scam controls are designed to suppress.
ICO Plan Resurfaces in Court
The scam comment surfaced as OpenAI’s scrapped 2018 token proposal entered the trial record.
“In January 2018, mere months after their September 2017 ‘enthusiasm,’ Altman proposed a scamworthy ‘ICO,’ or initial coin offering, that would have seen OpenAI, Inc. sell its own cryptocurrency. Musk shot down this idea too, stating ‘it would simply result in a massive loss of credibility for OpenAI and everyone associated with the ICO,’” Musk’s team claimed.
Musk, an OpenAI co-founder from 2015, alleges the company breached its founding contract by partnering with Microsoft and selling commercial products.
“Some of them have merit, but most of them are scams.”
That language came in response to questions about the early ICO discussion, attributed by Isaac.
OpenAI counters that Musk backed the ICO plan, which would have required spinning out a for-profit subsidiary. Jury proceedings are expected to last about three weeks.
The post Elon Musk Says Most Crypto Are Scams, But X Launches New Crypto Trading Terminal appeared first on BeInCrypto.
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Ripple and OKX have partnered to list RLUSD across more than 280 spot pairs, with the stablecoin also available as margin collateral for derivatives on the exchange. 
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