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Cardano (ADA) is climbing past $0.70 with a 10% weekly gain, but technical indicators hint at fading momentum and critical support tests ahead.
Quick Take The second-largest decentralized exchange (DEX) aggregator by volume has activated support for Solana. 1inch said it intends to enable cross-chain swaps soon, connecting Solana to 10 decentralized finance blockchains.
Shiba Inu faces renewed sell-off fears after hackers offload 150 billion SHIB tokens. SHIB battles resistance near $0.0000145 as bullish momentum faces critical test. Longer-term SHIB forecasts predict over 100% upside if market stability returns.
Quick Take A new Bitcoin mining report from Cambridge University says that sustainable energy use by the industry has reached 52.4% — up from 37.6% in 2022. The figure exceeds Elon Musk’s stated threshold of 50% for Tesla to resume allowing bitcoin payment options, though the electric vehicle manufacturer is yet to do so.
- 20:57US Treasury Secretary Refuses to Disclose Which Countries the US Will Reach Trade Agreements With This WeekOn May 7th, U.S. Treasury Secretary Besent refused to disclose which countries the U.S. might reach trade agreements with this week, stating that it would harm U.S. interests.
- 20:56Powell: Never Requested to Meet with the President, Never WillFederal Reserve Chairman Powell: I have never requested to meet with the President, and I never will.
- 20:53Analyst: Tight Monetary Policy Will Weigh on U.S. Economic OutlookAccording to Jin10, SignatureFD analyst Tony Welch stated that the decline in U.S. Treasury yields after the Federal Reserve meeting may indicate that investors are concerned about the impact of tight monetary policy on the economy. The economy is currently slowing down, and implementing a tighter monetary policy for a longer period will certainly be a disadvantage. Trump's tariffs are influencing the Federal Reserve's thinking, as the FOMC statement mentioned trade "right from the start." Powell will use the word "uncertainty" multiple times during the press conference.