JPMorgan, Citi Frozen Payment Case Deepens US-China Financial Tensions

JPMorgan, Citi Frozen Payment Case Deepens US-China Financial Tensions

HY Energy sued JPMorgan and Citigroup over frozen payments tied to a Chinese energy firm later sanctioned by the United States. The company claims the transfers were blocked before sanctions took effect, increasing tensions between US compliance rules and Chinese financial regulations. Frozen Payments Dispute and Banking Actions Chinese fuel trader HY Energy Group Co.

2026-05-07
Oil Jumps on US-Iran Tensions as Crypto Stalls: LiquidChain Presale Nears $750,000

Oil Jumps on US-Iran Tensions as Crypto Stalls: LiquidChain Presale Nears $750,000

Thursday 7 May 2026 – Rising tensions between the US and Iran pushed oil prices higher on Thursday, sharpening market focus on the Strait of Hormuz and keeping crypto trading subdued. The broader digital asset market remained near $2.7 trillion, while Bitcoin hovered around $81,500 after a strong seven-day run. Brent crude futures rose 0.67% […]

2026-05-07
XRP History Is About To Repeat Itself And Price Could Rally 1,008% To Cross $10

XRP History Is About To Repeat Itself And Price Could Rally 1,008% To Cross $10

Crypto analyst Dark Defender has alluded to history to predict a 1,008% rally for XRP, which could send its price above $10. This comes as the altcoin looks to build a base at $1.4 amid the recent recovery in the crypto market.  XRP Eyes Rally Above $10 As Price Looks To Mirror Past Gains In […]

2026-05-07
Bitcoin Uptrend Still Healthy, But Volume Divergence Raises Questions

Bitcoin Uptrend Still Healthy, But Volume Divergence Raises Questions

Bitcoin continues to maintain a strong bullish structure, with price action steadily grinding higher across multiple timeframes. While bulls remain in control for now, the growing divergence between price and volume could signal slowing momentum and increase the risk of a pullback if buying pressure fails to return.  A Hold Above Key Support At $74,937 […]

2026-05-07
Core Scientific posts $347M loss as AI hosting overtakes Bitcoin mining

Core Scientific posts $347M loss as AI hosting overtakes Bitcoin mining

Core Scientific mined 279 BTC in the quarter, down 45% from a year earlier, while its colocation business became its top revenue source.

2026-05-07
Consensus Miami Day 3: Real-time coverage and highlights from on the ground

Consensus Miami Day 3: Real-time coverage and highlights from on the ground

It’s day three of Consensus Miami 2026 on Thursday. Stay tuned for updates throughout the day.

2026-05-07
CoinDesk 20 performance update: Bitcoin Cash (BCH) drops 1.2%, leading index lower

CoinDesk 20 performance update: Bitcoin Cash (BCH) drops 1.2%, leading index lower

Near Protocol (NEAR), down 1% from Wednesday, was also an underperformer.

2026-05-07
Bitwise enters tokenization in takeover of Superstate’s $267 million ‘carry fund’

Bitwise enters tokenization in takeover of Superstate’s $267 million ‘carry fund’

The crypto asset manager will take over Superstate’s $267 million USCC fund as tokenized investment products gain traction with institutions.

2026-05-07
Kraken to buy stablecoin payments firm Reap in $600 million deal: Bloomberg

Kraken to buy stablecoin payments firm Reap in $600 million deal: Bloomberg

Kraken owner Payward will acquire Hong Kong-based Reap Technologies as the crypto exchange expands its stablecoin and payments infrastructure business in Asia.

2026-05-07
VanEck’s Sigel sees Bitcoin reaching $1M within five years

VanEck’s Sigel sees Bitcoin reaching $1M within five years

VanEck’s Matthew Sigel says Bitcoin may reach $1 million in five years, comparing adoption trends to the video game industry’s shift to mainstream use.

2026-05-07
SoFi’s crypto relaunch brought in $121.6 million in Q1. Almost all of it went to costs

SoFi’s crypto relaunch brought in $121.6 million in Q1. Almost all of it went to costs

The company launched the SoFiUSD stablecoin for enterprise payments in December and partnered with Mastercard for settlement capabilities.

2026-05-07
Ethereum Price Coiling: The Network Hit $8 Billion Tokenized U.S. Treasuries Milestone

Ethereum Price Coiling: The Network Hit $8 Billion Tokenized U.S. Treasuries Milestone

Ethereum price is coiling. Trading above $2,300, ETH is holding above recent support as tokenized U.S. Treasuries on the network just crossed $8 billion for the first time in history. This is a milestone that reframes the story. Token Terminal data confirms the figure doubled within six months. For context, the same asset class crossed […]

2026-05-07
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