Crypto analyst Benjamin Cowen is cautioning that Bitcoin could still be at risk of setting a new cycle low later this year, pointing to historical patterns from previous bear markets. In a recent YouTube update, Cowen examines the time gaps between major lows in past cycles, suggesting the current market may not yet be out …
Monthly archives: May 2026
BTCC Exchange and AFA Launch a Trading Championship with a Million-USDT Prize Pool and a Messi-Signed Jersey
May 7th, 2026 – Lodz, Poland BTCC, the world’s longest-running cryptocurrency exchange, today announced the launch of the BTCC x AFA Trading Championship, a futures trading competition running from May 6 to May 26, 2026. The campaign features a prize pool of over one million USDT, with the ultimate reward reserved for the No. 1-ranked …
South Korea confirms 22% crypto tax starting January 2027: Report
South Korea’s Finance Ministry has confirmed that a long-delayed tax on crypto gains will take effect as scheduled in January 2027. Moon Kyung-ho, director of the ministry’s income tax division, announced at an emergency parliamentary forum on virtual asset taxation held at the National Assembly Members’ Office Building in Seoul on Thursday, according to South …
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Core Scientific posts $347M loss as AI hosting overtakes Bitcoin mining
Core Scientific (CORZ) reported a $347.2 million first-quarter net loss as its Bitcoin self-mining revenue fell sharply and high-density colocation became its largest revenue source. In its earnings report published Wednesday, the company reported a net loss of $1.06 per diluted share for the quarter. A year earlier, Core Scientific reported diluted earnings of $1.24 …
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VanEck’s Sigel sees Bitcoin reaching $1M within five years
Matthew Sigel, head of digital assets research at investment manager VanEck, said he sees Bitcoin (BTC) reaching seven figures within the next five years. “Bitcoin going up for us is the base case. We think this asset is going to reach a million dollars over the next several years,” Sigel said on CNBC’s Halftime Report …
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Bitcoin analysts say this level must break for BTC price to confirm bottom
Bitcoin’s (BTC) relief rally to $82,000 appears to be cooling off, and analysts say key levels must be reclaimed for BTC price to “confirm a durable continuation higher.” Key takeaways: Bitcoin must break resistance at $85,000-$88,000 to confirm that the bottom is in. Profit-taking on rallies must cool down for a sustained breakout in BTC …
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Trader Who Accurately Called Bitcoin 2025 Top Predicts More BTC Rallies if Price Stays Above Key Level – Here’s His Outlook
An analyst who accurately called Bitcoin’s 2025 top predicts BTC will print more rallies if it holds one key level as support. The pseudonymous analyst KillaXBT tells his 201,300 followers on X that Bitcoin will likely remain in an uptrend as long has it does not decline below April’s high of $79,505. “From a purely …
California man jailed for 78 months over $250M crypto theft conspiracy
A 20-year-old California man has been sentenced to six and a half years in federal prison for his role in a crypto theft ring that defrauded victims of more than $250 million. Marlon Ferro, of Santa Ana, known online as “GothFerrari,” was sentenced to 78 months in prison alongside three years of supervised release and …
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Bitcoin Bollinger Bands push key breakout as creator acts on ‘positive’ signal
Bitcoin (BTC) is attempting its first Bollinger Bands breakout in months, while creator John Bollinger is more bullish than some traders. Key points: Bitcoin faces stiff resistance as it attempts daily candle closes above the upper Bollinger Band. Volatility comes on cue after the Bands’ tightest-ever conditions last month. Creator John Bollinger takes advantage of …
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Changelly report highlights growing stablecoin use in everyday spending ahead of May 15 infrastructure discussion
Changelly uncovers the main stablecoin trends for 2026, and hosts a podcast with Stablerail on stablecoin infrastructure every business must build on May 15, 2026. May 6, 2026 — Changelly has published new findings on stablecoin usage trends, indicating a shift from trading-focused activity toward everyday payments, portfolio liquidity management, and consumer spending behavior. The …
TrustedVolumes hit by $6.7M exploit as 1inch denies breach
TrustedVolumes, an independent market maker and resolver used by 1inch Fusion, confirmed it was exploited and said about $6.7 million in stolen funds are being held across three Ethereum addresses. In a Thursday X post, the market maker said the stolen funds were split across three wallets, with two addresses each holding about $3 million …
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Quantmap Co-Founder Warns Single-Platform Influencers Could Be Hiding Botted Fans
Key Takeaways A 2024 Coinwire study reveals 76% of X influencers promoted meme coins that collapsed into obsolescence. Mega-influencers with 200,000+ followers saw catastrophic 89% negative returns on their 90-day promotions. Quantmap’s Ivan Patriki predicts that by 2031, audience trust will outweigh simple follower counts on TikTok. The Collapse of Influence A study conducted in …
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Hut 8 Surges 30% After Landing Second AI Data Center Lease Worth $9.8 Billion
This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The Miami-based company said it signed a $9.8 billion triple-net lease for 352 megawatts of IT capacity at its Beacon Point campus in Nueces …
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Toncoin Jumps 32% in 24 Hours as Pavel Durov Pushes Telegram Deeper Into TON
Key Takeaways Pavel Durov announced Telegram will replace the TON Foundation as the network’s largest validator. Toncoin (TON) surged 32% to $2.89 by May 7, 2026, as market caps hit $7.6 billion and flipped LINK. Integration with hundreds of millions users and the Clarity Act may drive a supply lock-up via 20% plus staking APR. …
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Polymarket Odds Hit 20% for the US Government to Confirm Alien Life in 2026
Key Takeaways Driven by Trump, Polymarket odds for 2026 alien disclosure hit 20% as users await future UAP releases. As Kalshi odds reach 22.5%, 3 pastors report meeting intel officials to prep the church for disclosure. Despite Obama doubting secret aliens, the FBI plans to release UAP files, shaping 2026 betting markets. Alien Disclosure Odds …
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