Crypto News
Pharos Hits $1B Valuation on Mainnet LaunchBitcoin.com, about 2 hours ago
![Pharos has partnered with GCL New Energy in a collaboration that aims to resolve the fragmentation that has come to characterize the real-world assets ecosystem. Key Takeaways: Pharos launched its Pacific Ocean Mainnet and $PROS token on May 1, 2026, following a massive 4.3B testnet. GCL New Energy and a $44M Series A propelled Pharos […]](https://assets.coingecko.com/articles/images/107057908/large/open-uri20260502-7-hdtgss.?1777695049)
Pharos has partnered with GCL New Energy in a collaboration that aims to resolve the fragmentation that has come to characterize the real-world assets ecosystem. Key Takeaways: Pharos launched its Pacific Ocean Mainnet and $PROS token on May 1, 2026, following a massive 4.3B testnet. GCL New Energy and a $44M Series A propelled Pharos […]
$2 XRP Price Roadmap: Analyzing May's 23% Historical Average Against $1.50 ResistanceU.Today, about 2 hours ago
XRP is up 2.1% to start May, matching April's total growth in one day. With a 13-year historical average of +23.3% in May, Bollinger Bands map the roadmap to $2.
Tillis-Alsobrooks Reach Compromise On Stablecoin Yield In Clarity ActForbes Digital Assets, about 3 hours ago
Senate negotiators reached a compromise on stablecoin yield rules in the CLARITY Act. The deal bars bank-like rewards while preserving activity-based incentives.
429 Billion Shiba Inu (SHIB) in 24 Hours: Volumes Flip SubstantiallyU.Today, about 3 hours ago
Shiba Inu's momentum will fade quickly if even more inflows going to hit exchanges.
DOJ: 1,000 Victims Hit in $215M Scam—$1.2M in Crypto, Cash FoundBitcoin.com, about 4 hours ago
![Federal prosecutors secured convictions against 25 defendants in a $215 million business email compromise scheme that affected more than 1,000 victims. Authorities said cryptocurrency was among assets traced in a global fraud network spanning 47 states and 19 countries. Key Takeaways: Authorities detailed a global email fraud scheme using hacked accounts and deceptive payment requests. […]](https://assets.coingecko.com/articles/images/107057573/large/open-uri20260502-7-90wn59.?1777689092)
Federal prosecutors secured convictions against 25 defendants in a $215 million business email compromise scheme that affected more than 1,000 victims. Authorities said cryptocurrency was among assets traced in a global fraud network spanning 47 states and 19 countries. Key Takeaways: Authorities detailed a global email fraud scheme using hacked accounts and deceptive payment requests. […]
Elizabeth Warren Criticizes Trump Family's Reported Crypto Ties With Entity Linked To Sanctioned Individuals (UPDATED)Benzinga, about 4 hours ago
Elizabeth Warren raised concerns about the reported links between World Liberty Financial and a venture allegedly linked to individuals sanctioned by the government.read more
CLARITY Act stablecoin yield rules finalised: ‘Go time’ for crypto billCointelegraph, about 5 hours ago
Galaxy Digital head of research Alex Thorn expects the banking industry to “increase their opposition efforts” following the release of the final stablecoin yield provisions.
CLARITY Act stablecoin yield rules finalized: ‘Go time’ for crypto billCointelegraph, about 5 hours ago
Galaxy Digital head of research Alex Thorn expects the banking industry to “increase their opposition efforts” following the release of the final stablecoin yield provisions.
MicroStrategy’s STRC Trading Volume Hits $380 Million as Payment Vote NearsBeInCrypto, about 5 hours ago
Strategy announced it maintained STRC’s 11.5% dividend rate for May 2026, signaling confidence in its Bitcoin strategy despite lingering market skepticism. The announcement comes as the preferred equity instrument attracts growing institutional interest and daily trading volume surpasses $380 million. Dividend Sustained Amid Volatility Michael Saylor emphasized STRC’s resilience in his latest post. He highlighted three key metrics: approximately 3% volatility, 11.5% yield, and roughly $380 million in daily trading liquidity. These figures paint a picture of stability. The low volatility suggests STRC trades predictably. The high yield attracts income-focused investors. The substantial liquidity ensures shareholders can easily enter or exit positions without moving markets. The dividend maintenance reflects management’s confidence that Strategy can sustain payouts through ongoing Bitcoin appreciation and continued capital raises. Shareholders Vote on Twice-Monthly Payments Beyond the dividend announcement, Strategy is asking shareholders to make a structural change. Brokerages have begun sending voting notices to both MSTR and STRC holders. The proposal shifts dividend payments from monthly to twice-monthly beginning mid-May 2026. This change improves cash flow timing for investors receiving semi-monthly income streams instead of lump-sum monthly payments. Both share classes must approve the amendment. The shift suggests MicroStrategy management expects continued strong fundraising capabilities to support more frequent payouts. Strategy Market Context and Criticism However, not all observers view STRC positively. Peter Schiff has called Strategy’s structure a scam, arguing that rising dividend obligations will eventually force liquidations if Bitcoin prices stall. Bitcoin price predictions for May 2026 remain mixed. Some analysts expect continued strength. Others warn of consolidation or pullback risks given macro headwinds. Meanwhile, Saylor’s endgame thesis projects Bitcoin reaching $10 million per coin through the adoption of digital credit. Eric Trump recently predicted $1 million Bitcoin, signaling continued Trump family bullishness on crypto assets. Liquidity Milestone Signals Acceptance The $380 million daily liquidity milestone matters. It demonstrates that institutional and retail investors view STRC as a viable income vehicle, warranting meaningful trading volumes. Compare this to less liquid preferred securities that struggle to attract daily volume. STRC’s liquidity suggests growing acceptance despite skeptical voices like Schiff. The combination of stable low volatility, high yield, and substantial liquidity creates an appealing risk-reward profile for income investors. This explains growing institutional participation in STRC trading. Strategy’s dividend maintenance and twice-monthly payment proposal signal management confidence. However, the structure remains controversial. Skeptics argue that the dividend model eventually breaks down. Believers argue that Bitcoin appreciation and digital credit adoption will sustain it indefinitely. The $380 million liquidity milestone shows investors are willing to bet on Saylor’s vision. Whether that bet pays off depends on Bitcoin’s path forward and Strategy’s ability to raise capital sustainably.
US Warns Hormuz Digital Asset Payments May Trigger Sanctions RiskBitcoin.com, about 5 hours ago
![OFAC warned that digital asset payments tied to Strait of Hormuz passage can create sanctions exposure. The alert says digital assets do not reduce legal risk for maritime firms, financial institutions, insurers, or counterparties. Key Takeaways: OFAC warned crypto payments tied to Hormuz transit may trigger sanctions exposure. Reports say Iran operates a crypto-based toll […]](https://assets.coingecko.com/articles/images/107057212/large/open-uri20260502-7-xmw2m4.?1777684253)
OFAC warned that digital asset payments tied to Strait of Hormuz passage can create sanctions exposure. The alert says digital assets do not reduce legal risk for maritime firms, financial institutions, insurers, or counterparties. Key Takeaways: OFAC warned crypto payments tied to Hormuz transit may trigger sanctions exposure. Reports say Iran operates a crypto-based toll […]
Bitcoin Slips Below Key Holder Cost Basis Ahead Of $1.74B Options ExpiryNewsBTC, about 5 hours ago
Bitcoin is trading below a key cost threshold that short-term holders paid to acquire it — a sign that many recent buyers are sitting on losses heading into one of the largest options expiry events of the month. Related Reading: 23 Billion+ XRP Already Quantum Safe, According To New Wallet Analysis Bitcoin: Bears Hold The Edge Going Into Expiry Glassnode data shows Bitcoin is currently priced under the Short-Term Holder Cost Basis of $78,900, and also below the True Market Mean of $78,000. Support is seen further down, in the $65,000–$70,000 range. That backdrop sets a cautious tone as roughly 23,000 Bitcoin options contracts — worth $1.74 billion — are set to expire today on derivatives exchange Deribit. The put-call ratio for those contracts sits at 1.10, meaning more traders are betting on price declines than on gains. Bitcoin’s max pain price — the level where the greatest number of options expire worthless — is $76,000, slightly below where it was trading at press time around $77,200. Deribit has flagged the settlement as one to watch closely, with data showing a 95% probability that Bitcoin options expire above that $76,000 mark. Heavy volume is concentrated at the $75,500 and $77,000 strike prices. 🚨 May 1st Options Expiry Alert. At 08:00 UTC today, ~$2.14B in crypto options are set to expire on Deribit.$BTC: ~$1.74B notional | Put/Call: 1.10 | Max Pain: $76,000$ETH: ~$394M notional | Put/Call: 0.95 | Max Pain: $2,325 BTC spot pinned right at max pain. ETH trading… pic.twitter.com/UC2GkTnBMb — Deribit (@DeribitOfficial) May 1, 2026 In the past 24 hours, the put-call ratio for Bitcoin trading activity climbed to 0.73, while overall volume dropped. The Federal Reserve’s decision to hold interest rates unchanged contributed to the slowdown. Ethereum Sits Below Its Own Pain Point Ethereum is facing similar pressure. More than 175,000 ETH options worth $400 million are expiring on Deribit today, with a put-call ratio of 0.95. In the last 24 hours alone, put volume rose sharply past call volume, pushing that ratio to 1.17 — a sign traders are adjusting for potential downside. What makes Ethereum’s situation slightly different is where it’s trading relative to max pain. The ETH max pain price is $2,325, but the token was changing hands around $2,284 at the time of writing — already below that level. Its 24-hour range ran from $2,232 to $2,293. Trading volume fell 45% over the past day. Broader Pressures Weigh On Crypto Markets The options expiry is not happening in a vacuum. US PCE inflation came in at a three-year high of 3.5%, rattling broader markets and prompting profit-taking across crypto. Oil prices rose to $106 a barrel as the US maintained a naval blockade of the Strait of Hormuz. Reports indicate US President Donald Trump has rejected Iran’s offer to end the standoff, with reports of a possible escalation adding to market unease. Related Reading: Bitcoin Bull Run Brewing: ATH In Sight By Late 2026: Analyst Together, those factors have kept buyers cautious. Crypto markets saw widespread selling after the inflation data dropped, and uncertainty around the geopolitical situation has not eased. Whether today’s options expiry adds to that pressure — or passes without incident — may depend on whether Bitcoin can hold above the $76,000 mark when contracts settle. Featured image from Gemini, chart from TradingView
XRP's Mini-Death Cross Hints at Dive Down, Shiba Inu (SHIB) Breakout Looks Bleak, Is Ethereum's (ETH) $2,000 Saved? Crypto Market ReviewU.Today, about 6 hours ago
The market checks out: initial drive at the start of the week slowed down sooner than it looked.
SBI Group, Visa Launch Crypto Card With up to 10% BTC, ETH, XRP Promo RewardsBitcoin.com, about 7 hours ago
![Japanese giant SBI Group is bringing crypto rewards into everyday spending with a new Visa card offering that converts points into BTC, ETH, or XRP. The campaign offers rewards of up to 10% for Gold users and 2.5% for standard users. Key Takeaways: SBI and Visa launched credit cards that convert spending points into a […]](https://assets.coingecko.com/articles/images/107056812/large/open-uri20260501-7-k1yor0.?1777678857)
Japanese giant SBI Group is bringing crypto rewards into everyday spending with a new Visa card offering that converts points into BTC, ETH, or XRP. The campaign offers rewards of up to 10% for Gold users and 2.5% for standard users. Key Takeaways: SBI and Visa launched credit cards that convert spending points into a […]
Crypto’s Golden Era Is Over, Top Trader WarnsNewsBTC, about 7 hours ago
CryptoCred, the prominent trader and educator behind Breakout, has warned that crypto’s old market structure may no longer offer the broad, reflexive upside that defined previous cycles. In a blunt assessment posted on X, Cred argued that participation alone is no longer enough, with market quality, liquidity, correlation and speculative attention all deteriorating at the same time. “Crypto’s current state is a bit shit,” Cred wrote, setting the tone for a critique that went beyond short-term price weakness. His argument was not simply that markets are down or that altcoins have underperformed. It was that the assumptions traders carried from earlier cycles may now be structurally less reliable. Crypto Has A Brutal New Problem At the center of his thesis is the idea that market capitalization has become a poor proxy for quality. Cred argued that much of the top 50 now consists of “ghost coins or bloated governance slop” that has underperformed and is difficult to treat as investable. That matters because previous cycles often allowed traders to use size and liquidity as rough filters for relative safety. In his view, that shortcut has become less useful. Related Reading: CEO Behind $4.7 Billion Crash Banned From Crypto, But How Will This Work? The problem is even sharper further down the risk curve. Cred said the long tail of speculative crypto assets has shifted from a high-risk, high-reward arena into something more predatory and time-sensitive, where holding for too long can mean getting caught by insiders, mercenary liquidity or violent rotations. The result is a market where speculation still exists, but the distribution of risk and reward has changed. “Everything is extremely correlated and you can’t meaningfully make bets based on sectors as it all converges into a tightly correlated mush, especially to the downside,” he wrote. “Broad brush alt season is an artefact of the past that’s very hard to replicate given that there are simply too many coins and the excess of speculation doesn’t really happen on centralised exchanges anymore.” That point cuts directly against one of crypto’s most durable cycle narratives: that capital eventually rotates from Bitcoin into majors, then into mid-caps, then into the speculative long tail. Cred’s argument is that the market has become too fragmented for that rotation to work cleanly. With too many tokens competing for attention and much of the highest-velocity speculation happening away from centralized exchanges, the classic “alt season” wealth effect becomes harder to reproduce. He also pointed to a reputational shift. Crypto, in his view, is no longer the obvious frontier for speculative capital. Institutional demand has moved toward artificial intelligence, while retail appetite has been absorbed by 0DTE options, single-name equities and other high-beta venues. That does not mean crypto has no bid. It means it may no longer monopolize the appetite for asymmetric risk. Related Reading: April’s Crypto Carnage: North Korea Hit Twice And Snagged 76% Of 2026 Hack Value The most important part of Cred’s post may be his claim that convexity has flattened. Even assets once treated as relatively safe crypto beta, including BTC and ETH, have disappointed some of the old cycle expectations, he argued. The familiar logic of buying deep drawdowns because new highs and explosive upside were assumed to follow has become harder to justify if the magnitude and reliability of those rebounds are weakening. “Convexity has flattened,” Cred wrote. “Even a lot of the historically safe blue chip stuff has underperformed and the historical anchor of ‘buy deep drawdowns because all-time highs are guaranteed and explosive’ has disappointed. All the shit we used to put up with because of the accessibly massive trend and momentum effects is now harder to justify because those same effects are getting neutered or siphoned off into other arenas.” Cred acknowledged the obvious counterargument: cycles. Crypto has repeatedly gone through periods where market structure looked broken before liquidity returned and risk appetite revived. But he said the most recent cycle itself supports his concern, because gains were “extremely concentrated” rather than broad-based, and “something very obviously broke after 10/10.” His conclusion was that trading crypto now requires more precision than it did in earlier eras. Timing alone may no longer be enough if the rising tide does not lift the entire market. Selection matters more. So does actual trading skill. “Participation alone can be an edge if the asset class is early enough and/or mispriced enough,” Cred wrote. “I don’t think that holds either, and we might actually have to learn how to trade.” At press time, the total crypto market cap stood at $2.57 trillion. Featured image created with DALL.E, chart from TradingView.com
Solana Yield Protocol Carrot Shuts Down After $8M Exploit99Bitcoins, about 7 hours ago
Carrot Protocol Shuts Down After $8M Solana Exploit
AI Art Is Getting Creepy: Robot Dogs With Musk and Bezos Faces Take Over Berlin GalleryBeInCrypto, about 7 hours ago
Robot dogs with the faces of Elon Musk, Jeff Bezos, Mark Zuckerberg, and other famous figures are roaming inside a Berlin art gallery, watching visitors, generating AI images, and printing them from their rear ends. The installation, called “Regular Animals,” is the latest work from digital artist Beeple, whose real name is Mike Winkelmann. It is now on display at the Neue Nationalgalerie in Berlin until May 10, 2026. The show brings together robotics, artificial intelligence, celebrity culture, and NFTs in one deliberately strange package. It looks ridiculous at first. Then it starts to feel slightly uncomfortable. Weird Robot Dog With Mark Zuckerberg’s Face. Source: AP Robot Dogs With Billionaire Faces The installation features a group of autonomous robot dogs fitted with hyper-realistic silicone heads. The faces include Elon Musk, Jeff Bezos, Mark Zuckerberg, Andy Warhol, Pablo Picasso, and Beeple himself. Reports from the exhibition also showed a robot dog with Kim Jong Un’s face. The result looks like a nightmare version of a tech conference mixed with a museum installation. The dogs move around inside an enclosed area in the gallery. They do not just sit there as sculptures. They walk, scan the room, and interact with the space around them. They Watch Visitors, Then Make AI Art Each robot dog has cameras that capture images of visitors and the gallery. The system then uses AI to reinterpret what it sees through the style or personality linked to each figure. For example, the Picasso-themed dog can turn the room into something closer to Cubism. The Warhol version leans into pop-art-style imagery. Then comes the part that made the artwork go viral. The dogs print the AI-generated images from their backsides. Visitors can take the prints home for free. So, in plain terms, the robot dogs are walking around a Berlin museum and “pooping” AI art. Beeple Turns AI Culture Into a Weird Joke The piece is funny, but it is not random. Beeple is using the absurd image of celebrity-faced robot dogs to make a point about power in the digital age. The work asks a simple question: who shapes culture now? In the past, artists, newspapers, museums, and governments played that role. Today, algorithms, tech platforms, billionaires, AI systems, and online attention loops do much of that work. The NFT Angle Is Still There There is also a blockchain layer to the installation. Visitors can reportedly claim free NFTs linked to the project through QR codes. That fits Beeple’s history. He became one of the most famous names in digital art after his NFT artwork “Everydays: The First 5000 Days” sold for more than $69 million in 2021. Since then, Beeple has become a symbol of the NFT boom, digital art culture, and the uneasy overlap between technology, money, and online hype. With “Regular Animals,” he seems to be turning that world into a joke about itself. From Miami to Berlin The project first appeared at Art Basel Miami Beach 2025 before moving to Berlin for Gallery Weekend Berlin 2026. Its Berlin run is also notable because it marks Beeple’s first institutional exhibition in Germany. That gives the work a more serious setting than a viral internet stunt. Still, the installation clearly wants to be shared online. Robot dogs with billionaire heads printing AI art from their backsides is almost engineered for social media. Why It Feels Creepy The unsettling part is not just the strange faces. It is the way the work turns visitors into raw material. People enter the gallery, the dogs watch them, AI processes them, and the machine spits out an image. That process mirrors how digital platforms already work. We post, click, scroll, and watch. Platforms collect the signal, process it, and feed something back to us. Beeple just made that loop physical. Then he put a famous face on it. “Regular Animals” lands at a time when AI art is already raising questions about authorship, consent, copyright, and originality. The installation pushes those questions into a more uncomfortable space. It shows AI art as something funny, grotesque, and automated. It also makes the power structure visible. The machines are not faceless. They wear the faces of people and cultural icons linked to money, platforms, art, and influence. So yes, AI art is getting creepy. In Berlin, it now has four legs, a billionaire’s face, a camera, and a built-in printer.
Blockstream CEO Predicts Hyperbitcoinized Future for BitcoinBeInCrypto, about 8 hours ago
Blockstream CEO Adam Back positioned Bitcoin treasury companies as arbitrage plays between the current fiat financial system and a future where BTC dominates global economics. His statement adds intellectual weight to Strategy’s aggressive Bitcoin accumulation strategy and similar corporate initiatives gaining momentum. Bitcoin Treasury as Arbitrage Play Adam Back’s framing is elegant. He calls Bitcoin treasury companies an “arbitrage between the fiat present and the hyperbitcoinized future.” This means firms buying the cryptocurrency today at current prices benefit from two forces. First, BTC adoption accelerates. Second, fiat currencies depreciate through inflation or policy mistakes. The gap between these two outcomes creates substantial upside for early accumulators. Back’s thesis suggests that companies holding Bitcoin position themselves as asymmetric bets on systemic transition rather than conventional equity plays. The Financial Path to Hyperbitcoinization Back’s argument rests on the currency eventually becoming the dominant global store of value. In this future, Bitcoin serves as the reserve asset backing international commerce and national treasuries. Companies that accumulated BTC before this transition would benefit enormously. Their holdings would appreciate not just through price increases but also through the adoption of Bitcoin, which would increase its utility and acceptance. This vision parallels Michael Saylor’s endgame prediction that Bitcoin reaches $10 million per coin through digital credit flows and institutional adoption. Back’s bullish narrative faces serious skepticism. Peter Schiff has called Strategy’s Bitcoin strategy fundamentally flawed, arguing that rising dividend obligations will force liquidations before hyperbitcoinization arrives. Schiff warns that the cryptocurrency could decline sharply if macro conditions deteriorate, making current accumulation economically irrational. However, Eric Trump recently predicted Bitcoin would reach $1 million, signaling the Trump family’s confidence in its upside potential despite near-term volatility. Bitcoin Treasury Companies Multiply Back’s framework helps explain why public companies are aggressively raising capital to acquire BTC. If the hyperbitcoinization thesis proves correct, early accumulators capture enormous value. Strategy leads this trend with 815,061 Bitcoin holdings worth $63.46 billion. Other companies are considering similar strategies, creating competitive pressure to accumulate while BTC remains relatively undervalued. The arbitrage thesis suggests that hesitation to accumulate BTC today could prove costly if hyperbitcoinization accelerates faster than currently modeled. Adam Back’s arbitrage framing provides intellectual scaffolding for BTC treasury strategies. Rather than viewing Bitcoin as speculative, Back positions it as a rational hedge against fiat system failure. Whether this arbitrage thesis proves correct depends on adoption accelerating and fiat systems facing genuine stress. For now, companies betting on hyperbitcoinization are making convex bets with asymmetric upside and limited downside from current valuations.
Trump Says Iran Conflict Over, Nasdaq Sets Record High, Bitcoin Climbs 2.5%Bitcoin.com, about 8 hours ago
![President Donald Trump told Congress on Thursday that U.S. military hostilities with Iran have ended, a declaration timed to the 60-day deadline under the War Powers Resolution of 1973 that gives markets and investors a clearer geopolitical signal heading into May. Key Takeaways: Trump declared U.S.-Iran hostilities “terminated” on May 1, bypassing the War Powers […]](https://assets.coingecko.com/articles/images/107056484/large/open-uri20260501-7-l5cgxf.?1777673447)
President Donald Trump told Congress on Thursday that U.S. military hostilities with Iran have ended, a declaration timed to the 60-day deadline under the War Powers Resolution of 1973 that gives markets and investors a clearer geopolitical signal heading into May. Key Takeaways: Trump declared U.S.-Iran hostilities “terminated” on May 1, bypassing the War Powers […]
Dogecoin Whales Return As DOGE Prints Its Third Major Morning Star PatternNewsBTC, about 8 hours ago
Dogecoin’s largest holders are becoming more active just as a widely followed analyst says DOGE printed its third clear monthly bullish morning star pattern. The overlap matters because the signal is not only technical: Santiment’s on-chain data shows whale activity and whale balances rising at the same time as DOGE rebounds from recent lows. Santiment Intelligence said Dogecoin whales recorded their busiest day in six months, with 739 transfers worth at least $100,000 in a single 24-hour span. The firm also noted that the largest DOGE wallets have continued to accumulate. Related Reading: Dogecoin Surges 11%: Is This Parallel Channel Resistance Next? “On-chain data indicates that Dogecoin’s whales have just hit a 6-month high in activity, with 739 $100K+ transfers in just a 1-day span. Additionally, of the 149 whale wallets holding at least 100M Dogecoin, they now collectively hold an all-time high of 108.52B DOGE (worth $11.6B). The memecoin’s +14% price rise over the past 10 days is very likely not just a coincidence.” Dogecoin Monthly Chart Signals Possible Reversal That on-chain backdrop coincides with Cantonese Cat’s monthly Dogecoin chart, which marks what the analyst described as “the third clear monthly bullish morning star pattern for DOGE.” A morning star is a three-candle reversal formation. In the DOGE chart, the first candle is a red down candle (February), the second is a smaller candle (March) that reflects hesitation after the selloff, and the third is a green candle (April) that closes back above the midpoint of the first candle. In crypto markets, where trading is continuous and traditional equity-style gaps are less clean, analysts often focus more on the structure: a sharp monthly decline, a compression or indecision candle, and then a strong recovery candle that shifts control back toward buyers. Related Reading: Dogecoin Looks Cheap On-Chain, But Leverage Is Building Fast Cantonese Cat’s DOGE chart highlights two previous comparable monthly formations. The first appeared from September to November 2017, after Dogecoin consolidated after a major 2,000% rally and just before the token’s major run into the 2017–2018 cycle peak. The second appeared from September to November 2020, shortly before DOGE broke into its historic 2021 rally. The analyst also used Bitcoin as a reference point for why he views the pattern as relevant. In a separate BTC monthly chart, Cantonese Cat wrote that a bullish monthly morning star had “marked 3 out of 4 past cycle bottoms,” “2 very important local bottoms,” and produced “2 false signals,” giving it a stated success rate of 71.4% for Bitcoin. That comparison does not guarantee the same outcome for DOGE, but it frames the pattern as one he treats as historically meaningful across major crypto charts, and again, Bitcoin could be a leading indicator. At press time, DOGE traded at $0.10897. Featured image created with DALL.E, chart from TradingView.com
Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yieldCoinDesk, about 9 hours ago
The text released Friday blocks crypto firms from offering stablecoin yield offerings that look like bank deposits, but "bona fide" transactions are allowed.