Pectra update introduces 11 Ethereum Improvement Proposals, including vital EIP-7702. Coinbase plans temporary halt of ETH transactions for user fund security on May 7th. Continue Reading: Ethereum’s Pectra Update Sharpens Blockchain Competitiveness The post Ethereum’s Pectra Update Sharpens Blockchain Competitiveness appeared first on COINTURK NEWS .
With the Federal Open Market Committee set to announce its May 7 policy decision, Bitcoin traders face a macro‑driven inflection point that could define price action into the summer. The Federal Reserve, under Chair Jerome Powell, is all but certain to keep the fed‑funds corridor at 4.25 to 4.50 percent; CME Group’s FedWatch tool assigns a 98.2 percent probability to an unchanged stance. That near‑certainty, however, has not muffled political noise. President Donald Trump and Treasury Secretary Scott Bessent have publicly pressed for lower borrowing costs, yet Powell’s most recent public remarks on 16 April framed monetary policy as “in a wait‑and‑see mode,” adding that the labor market “is in decent shape” but that the Fed’s “obligation is to keep longer‑term inflation expectations well anchored and to make certain that a one‑time increase in the price level does not become an ongoing inflation problem.” In effect, the central bank continues to prioritize price stability even as leading indicators imply a cooling economy and a likely pivot to easing in the second half of the year. FOMC Preview For Bitcoin For Bitcoin, the debate is less about whether the Fed blinks tomorrow and more about how algorithmic liquidity and discretionary positioning react to the tone of Powell’s press conference. Crypto trader Josh Rager told his followers on X, “Expect chop chop until FOMC tomorrow. Then after the rate cut announcement, expect volatility. With a reversal during Powell’s speech. That’s my FOMC playbook at the moment.” Although Rager’s baseline presumes an eventual reduction in rates, his near‑term focus is the intraday whipsaw that typically frames the statement‑and‑Q&A window. Related Reading: Strategy Expands Bitcoin Investments With Latest Purchase, Now Holding 555,450 BTC In Total Astronomer (@astronomer_zero) offered a more probabilistic roadmap, emphasizing that his trademarked FOMC‑reversal model has “consistently provided reversals with an over 85 percent chance. If the mechanics continue to play out for this month, that would mean we would (have) top(ped) out this or last week before a significant move down.” Yet he tempers that historical edge by noting that the prevailing quarterly uptrend in Bitcoin could blunt the signal: “That would mean that this and/or next FOMC meeting both have a weakened reversal effect in the midst of what I expect to be a strong uptrend.” In practical terms, he foresees: “I think the most likely scenario (76% chance) is a move up from here and the FOMC reversal gets completely ignored. The smaller chance (24%) is indeed a rather shallow pullback within our stoploss area.” Related Reading: LMACD Indicator Reveals Where The Bitcoin Price Is After Rejection From $97,000 Columbus (@columbus0x) looks to the microstructure for confirmation. Citing a Hyblock heat‑map of liquidations, he expects “a wick below into the box… below the equal lows and also exactly the area that Hyblock has highlighted as a yellow zone,” a region that coincides with the 0.382 Fibonacci retracement from the last significant swing low. Should Powell strike a hawkish tone, Columbus anticipates “a deviation below the range low / a retest of the 200‑day SMA, closing the CME gap between $91.8 and$92.4 k – or possibly even dipping into the high $80’s. Nonetheless: trend is up.” Momentum diagnostics add a final layer. Titan of Crypto observes that Bitcoin “is consolidating between last week’s high and low, awaiting tomorrow’s FOMC meeting and Jerome Powell’s speech. Meanwhile, the daily MACD is crossing bearish, signaling slowing momentum.” A confirmed rollover in the histogram would align with the shallow‑pullback scenario outlined by Astronomer and Columbus, yet the consolidation itself keeps higher‑time‑frame trend traders constructive Taken together, tomorrow’s decision appears binary only on the surface; the real determinant is Powell’s forward‑guidance language and its impact on terminal‑rate pricing. If the Chair stresses patience while acknowledging softer data, the curve could begin to discount a June cut, providing a macro tailwind that validates the bulls’ quarterly thesis. Conversely, any hint of renewed vigilance on inflation would embolden short‑term bears hunting liquidity below $92 k. Either way, the tape has little room for complacency: liquidity is thin, options gamma is clustered around the psychologically resonant $100,000 strike, and the narrative energy surrounding a second‑half‑of‑2025 easing cycle is colliding head‑on with the Fed’s near‑term inflation mandate. At press time, BTC traded at $94,097. Featured image from Shutterstock, chart from TradingView.com
Bitcoin price started a downside correction and tested the $94,000 zone. BTC is again rising and might aim for a move toward the $98,000 resistance. Bitcoin started a decent increase above the $95,500 resistance zone. The price is trading above $95,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $94,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $97,750 zone. Bitcoin Price Bounces Back Bitcoin price started a downside correction below the $95,500 support zone . BTC declined below the $95,000 and $94,500 support levels. However, the bulls were active near the $94,000 zone. The recent low was formed at $93,398 and the price started a fresh increase. There was a move above the $94,500 level. Besides, there was a break above a connecting bearish trend line with resistance at $94,750 on the hourly chart of the BTC/USD pair. There was a move above the $96,500 resistance zone. Bitcoin is now trading above $95,500 and the 100 hourly Simple moving average . A high was formed at $97,650 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $93,398 swing low to the $97,650 high. On the upside, immediate resistance is near the $97,250 level. The first key resistance is near the $97,750 level. The next key resistance could be $98,000. A close above the $98,000 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $100,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $97,750 resistance zone, it could start another downside correction. Immediate support on the downside is near the $96,650 level. The first major support is near the $95,500 level and the 50% Fib retracement level of the upward move from the $93,398 swing low to the $97,650 high. The next support is now near the $95,000 zone. Any more losses might send the price toward the $94,500 support in the near term. The main support sits at $93,200. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $96,650, followed by $95,500. Major Resistance Levels – $97,750 and $98,000.
Get ready, gamers and crypto enthusiasts! The worlds of high fashion, cutting-edge blockchain technology, and immersive gaming are colliding in an exciting new way. Major brands continue to explore the potential of Web3, and Adidas is stepping back into the spotlight with a significant move in the realm of crypto gaming . This time, they’re setting their sights on the Sui Blockchain , partnering with the upcoming third-person shooter RPG, Xociety, for an exclusive NFT Drop . What Are These Exclusive Adidas NFTs All About? Adidas has announced the launch of 2,600 unique mystery box NFTs designed specifically for the anticipated Xociety Game . These aren’t just digital collectibles; they offer tangible utility within the game world, primarily providing exclusive in-game skins featuring iconic Adidas-branded apparel. Imagine decking out your character in virtual Adidas gear as you navigate the futuristic landscapes of Xociety! This initiative builds upon Adidas’s previous successful forays into the Web3 space, demonstrating a continued commitment to exploring digital ownership and community engagement through NFTs. Partnering with a game like Xociety allows Adidas to connect with a new demographic and integrate its brand directly into interactive digital experiences. The NFT Drop Details: Where and When? Mark your calendars! The minting of these highly anticipated Adidas NFTs is scheduled for May 16th. The chosen platform for this exclusive event is Tradeport, a prominent marketplace within the Sui Blockchain ecosystem. This strategic choice highlights the growing importance of Sui as a platform for large-scale brand activations and digital asset launches. Here’s a quick breakdown of what to expect from the drop: Total Supply: 2,600 Mystery Box NFTs Blockchain: Sui Minting Platform: Tradeport Mint Date: May 16th Utility: In-game skins for Xociety featuring Adidas branding Rarity Tiers: Four distinct tiers, suggesting different levels of exclusivity or visual variations for the in-game items. The mystery box format adds an element of surprise and excitement, common in NFT drops and gaming loot boxes, encouraging participation and speculation on which rarity tier players might receive. Why Sui Blockchain ? Adidas’s decision to launch on Sui is noteworthy. While many initial brand NFT projects gravitated towards established chains like Ethereum or Polygon, Sui represents a newer generation of blockchain technology known for its high throughput, low transaction costs, and developer-friendly environment, particularly suited for gaming and high-volume transactions. This could signal growing confidence in Sui’s infrastructure and its potential to support scalable Web3 gaming experiences like Xociety. Sui’s object-centric model is designed to handle parallel processing, making it potentially more efficient for managing dynamic in-game assets and complex interactions compared to account-centric models. This technical advantage could be a key factor in supporting a smooth experience for Xociety players using their Adidas NFT skins. How Does This Connect to the Xociety Game ? Xociety is shaping up to be an intriguing addition to the crypto gaming landscape. As a third-person shooter RPG, it aims to blend action-packed gameplay with role-playing elements and, crucially, Web3 mechanics. The partnership with Adidas provides significant mainstream brand validation for Xociety even before its full launch. The integration of Adidas NFT skins means players who own these digital assets will have a unique way to customize their in-game appearance, potentially offering bragging rights or visual distinction within the game world. This kind of exclusive, branded content can be a powerful driver for both NFT adoption and game engagement. Beyond Skins: The Revenue-Sharing Model One of the most compelling aspects of this collaboration, as reported by Blockworks, is the inclusion of a revenue-sharing deal. While specific details of the model are often complex and depend on the agreement between Adidas, Xociety, and potentially the NFT holders, this suggests that owning these Adidas NFTs could offer more than just cosmetic benefits. Revenue sharing in Web3 gaming can take various forms, such as a portion of in-game transaction fees, marketplace royalties, or other income streams distributed among NFT holders. This model aligns with the Web3 ethos of rewarding players and early supporters, turning passive consumers into active stakeholders with a vested interest in the game’s success. It adds a layer of potential financial benefit on top of the in-game utility, making the NFT Drop even more attractive. Actionable Insights: Getting Involved If you’re interested in potentially acquiring one of these exclusive Adidas NFTs for the Xociety Game , here’s what you should consider: Research Xociety: Understand the game itself. Is it a game you’re genuinely interested in playing? The primary utility of the NFT is tied to the game. Prepare for the Sui Blockchain: Ensure you have a compatible wallet that supports Sui and have some SUI tokens ready for potential minting costs or marketplace purchases. Monitor Tradeport: Keep an eye on the Tradeport platform as the May 16th date approaches for specific minting mechanics, pricing, and any eligibility requirements. Understand the Rarity Tiers: While details are scarce, be aware that there are four tiers, likely impacting the visual design or perceived value of the in-game skin you receive. Assess the Revenue Sharing: Try to find more detailed information about the revenue-sharing model closer to the mint date to understand the potential long-term benefits of holding the NFT. As with any NFT investment or participation in crypto gaming projects, it’s crucial to do your own thorough research (DYOR) and understand the risks involved. Benefits and Challenges This collaboration presents several potential benefits: For Adidas: Deeper engagement with the gaming and Web3 communities, exploring new revenue streams, staying at the forefront of digital innovation. For Xociety: Significant brand visibility and legitimacy boost, attracting a wider audience beyond typical crypto users, exclusive content offering for players. For Sui: Validation as a capable platform for major brand partnerships and gaming applications, increased transaction volume and user activity. For Players/NFT Holders: Exclusive in-game cosmetic items, potential participation in revenue sharing, ownership of a unique digital asset from a major brand. However, challenges exist: Market Adoption: Will mainstream gamers embrace the Web3 elements and NFTs? Execution Risk: The success relies on both the quality of the Xociety game and the smooth implementation of the NFT utility and revenue sharing. NFT Market Volatility: The value of the NFTs on the secondary market can be highly unpredictable. Technical Hurdles: Ensuring a seamless user experience for acquiring and using NFTs within the game. The Growing Trend of Brands in Crypto Gaming Adidas is not the first major brand to venture into crypto gaming or utilize NFTs, but this specific collaboration highlights a maturing trend. We’ve seen various levels of engagement, from simple collectible drops to more integrated experiences. This partnership with Xociety and the focus on in-game utility and revenue sharing represent a deeper integration than many earlier brand NFT projects. This trend is significant because it brings mainstream attention and potentially millions of new users into the Web3 space. As more reputable brands and high-quality games enter this arena, the perceived legitimacy and potential for mass adoption of blockchain technology and NFTs grow. Conclusion: A Glimpse into the Future of Digital Assets The upcoming launch of 2,600 exclusive Adidas NFTs on the Sui Blockchain for the Xociety Game is more than just another NFT Drop ; it’s a clear indicator of the evolving relationship between major global brands, blockchain technology, and the interactive world of video games. By offering in-game utility and a potential revenue-sharing model, Adidas and Xociety are attempting to create a more compelling value proposition for digital ownership. This collaboration leverages the unique capabilities of the Sui Blockchain and positions Xociety as a game to watch in the competitive crypto gaming sector. While challenges remain for widespread adoption, initiatives like this pave the way for a future where digital assets from our favorite brands are seamlessly integrated into the virtual worlds we inhabit, offering both cosmetic appeal and potential economic benefits. To learn more about the latest crypto gaming trends, explore our article on key developments shaping crypto gaming adoption and innovation .
Momentum is accelerating in Washington as lawmakers edge closer to passing landmark crypto and stablecoin legislation that could reshape U.S. digital asset regulation by August. Coinbase Pushes Congress to Finalize Stablecoin and Crypto Rules Before August Coinbase CEO Brian Armstrong called on U.S. lawmakers Tuesday to move forward with crucial cryptocurrency legislation, urging bipartisan cooperation
The post XRP Price Will Not Hit $100 in 2025, Here’s Why appeared first on Coinpedia Fintech News There’s growing hype around the idea that XRP could reach $100 per coin in 2025. But many experts and analysts believe that goal is unlikely — at least in the short term. To reach $100, XRP’s market value would need to rise to around trillions, more than triple the current size of Bitcoin’s market cap. While XRP is aiming to disrupt massive industries like global payments, tokenized real-world assets, and carbon credits — which together are worth hundreds of trillions — such a price jump is still a long shot for now. The truth is, XRP is making progress and has real-world utility, especially in international payments. But major adoption takes time, especially when working with banks and institutions that move slowly and are still benefiting from traditional systems like SWIFT. That’s why many are urging the XRP community to manage expectations. Altcoin Bale said that while a $100 target may sound exciting, it’s more realistic to prepare for XRP to reach around $20 in the near term. Hitting that level would still represent a strong return from current prices. XRP Price Prediction (Short Term) XRP is currently trading within a falling channel pattern on the weekly chart, a setup that often signals long-term accumulation. Despite the downward trend, analysts suggest the price may be approaching a key support zone that could lead to a reversal. According to the latest analysis, the $1.85 level is seen as a strong support area. $XRP /USDT Weekly Analysis #XRP Price is still moving inside a falling channel with clear accumulation behavior. Buy Zone: Around $1.85 — strong support and potential reversal area Trigger for entry: Confirmed bounce from $1.85–$1.90 region Bullish Targets: $2.95… pic.twitter.com/2M4HQy6fGX — Rose Premium Signals (@VipRoseTr) May 6, 2025 Should momentum build, analysts are watching several short-term price targets, including $2.95, $3.39, and $3.87. However, they warn that confirmation is key. A clear bounce from support, followed by a breakout above the falling channel, would be needed to support a stronger bullish case.
On May 7, COINOTAG News reported that Binance will be enabling essential support for the upcoming network upgrades and hard forks of both Optimism (OP) and Metal DAO (MTL). The
In the rapidly evolving world of technology and science, artificial intelligence continues to push boundaries. FutureHouse, a non-profit organization supported by Eric Schmidt, is making strides in applying AI to complex fields like biology. Their ambitious goal is to develop an “AI scientist” capable of automating significant parts of the research process within the next decade. Recently, FutureHouse provided a preview of their new AI in biology tool, Finch, designed to support “data-driven discovery.” Understanding the FutureHouse AI Research Tool: Finch Finch is positioned as a powerful new AI research tool aimed at accelerating biological discovery. It operates by processing large volumes of biological data, primarily from research papers. Users provide a prompt, such as querying molecular drivers of diseases, and Finch then executes code, generates visual figures, and analyzes the results. FutureHouse co-founder and CEO Sam Rodriques likened its current capabilities to those of a “first-year grad student.” Data Input: Primarily research papers and other biological datasets. Process: Takes prompts, runs code, generates figures, inspects results. Capabilities: Supports open-ended analysis and directed tasks like differential expression analysis. Speed: Capable of performing complex analyses in minutes. Rodriques highlighted the speed aspect, noting that being able to perform these tasks in minutes is a “superpower.” He also mentioned that Finch has already helped FutureHouse’s internal projects uncover “really cool stuff.” The Promise of AI for Scientific Discovery FutureHouse’s initiative aligns with a broader vision shared by many tech leaders: that AI will fundamentally transform the scientific process. The potential for scientific discovery to be massively accelerated by advanced AI tools is a compelling prospect. Leaders like OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei have articulated bold predictions, suggesting AI could speed up breakthroughs, potentially even aiding in finding cures for major diseases like cancer. The field of AI drug discovery is particularly attractive, with market estimates pointing to significant growth. Precedence Research projected the market value at $65.88 billion in 2024, potentially reaching $160.31 billion by 2034. This growth potential underscores the intense interest and investment flowing into this sector. Navigating Challenges in AI Drug Discovery Despite the optimism and market potential, the path for AI drug discovery is not without hurdles. The article notes that evidence of AI leading to major, novel scientific breakthroughs is still limited. Many researchers remain cautious about the current utility of AI in guiding the core scientific process. Real-world applications have faced difficulties. Several companies leveraging AI for drug discovery, such as Exscientia and BenevolentAI, have experienced high-profile clinical trial failures. Furthermore, the accuracy of even leading AI systems, like Google DeepMind’s AlphaFold 3 for protein structure prediction, can vary. Finch itself, while promising, is not immune to errors. Rodriques admitted that the tool currently makes “silly mistakes.” To address this, FutureHouse is actively recruiting bioinformaticians and computational biologists. Their role will be crucial in evaluating Finch’s accuracy and reliability during its closed beta phase, helping to train the tool and improve its performance. FutureHouse AI: Beta Program and Next Steps FutureHouse’s decision to launch Finch in a closed beta and involve domain experts highlights a pragmatic approach to development. By collaborating with bioinformaticians and computational biologists, they aim to refine the tool’s capabilities and build confidence in its outputs before a wider release. This feedback loop is essential for developing a reliable AI research tool that can genuinely assist in complex biological investigations. While the vision of a fully autonomous “AI scientist” is still some time away, tools like Finch represent tangible steps towards augmenting human researchers’ abilities. The ability to quickly process vast datasets and identify potential areas of interest could significantly reduce the time spent on initial analysis, freeing up scientists to focus on experimental validation and deeper investigation. Conclusion: A Step Forward for AI in Biology FutureHouse’s preview of Finch marks an important development in the application of AI to scientific research. While the tool is still in development and faces challenges common to early-stage AI systems, its potential to accelerate data analysis in biology is clear. The success of Finch and similar tools will depend on continued development, rigorous validation, and effective integration into existing research workflows. As the field progresses, AI is set to play an increasingly vital role in driving future scientific discovery , potentially unlocking new insights into biology and health. To learn more about the latest AI news trends, explore our article on key developments shaping AI features.
Most Shiba Inu holders stay loyal despite losses as institutional interest counters retail decline
COINOTAG News reported on May 7th that a recent analysis by Standard Chartered Bank has generated considerable interest within the crypto community. The bank forecasted that BNB (Binance Coin) could