According to the latest development, Thumzup Media Corporation has filed for a $200 million shelf offering and plans to use the proceeds to purchase Bitcoin. Shelf offering is a method that allows partners of companies traded on the stock exchange to sell their shares on the stock exchange piece by piece within a certain period of time, within a framework previously determined by a prospectus. Its English equivalent is “shelf registration” or “shelf offering”. *This is not investment advice. Continue Reading: BREAKING: Another Company Announces Plans to Purchase $200 Million Worth of Bitcoin
Gala Games is shutting down The Walking Dead: Empires and offering NFT owners assets in other games as compensation.
Bitcoin rallies past $97K, sparking altcoin gains as net outflows and ETF inflows boost sentiment. Bitcoin surpasses $97K as altcoin momentum accelerates across major and emerging tokens. Negative exchange netflows
Over the last 48 hours, Charles Schwab, Goldman Sachs and Morgan Stanley, three major financial institutions offering banking and investment services, announced plans to roll out crypto trading to their users. Yesterday, May 1, Charles Schwab CEO Rick Wurster went on Yahoo Finance’s podcast and claimed the institution will add spot crypto trading within the next 12 months, beginning with Bitcoin and Ethereum. The offerings will exist on Schwab’s “thinkorswim” platform, which is the bank’s trading-focused product suite. At Token2049 in Dubai this week, Goldman Sachs’ head of digital assets Mathew McDermott announced the firm’s desire to enter tokenized treasury and money market fund trading, as well as lending. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
According to Gowanus Monster in a recent post on X, Cardano (ADA) appears to be carving out an inverse Head and Shoulders (H&S) bottom formation on the daily chart—an increasingly credible signal that could mark a major shift in its price trend. This bullish reversal structure, which features a lower low (head) flanked by two higher lows (shoulders), is typically seen near the end of a downtrend and often precedes a sustained upside move. If the price continues to respect the formation and approaches the neckline with increasing volume, it could set the stage for a breakout. Such a move would serve as a strong bullish confirmation and may kick off a meaningful upward trend. Neckline Break Confirmation: The Key To Validating The Bullish Reversal One of the most crucial elements underscored in the Gowanus Monster detailed analysis is the well-established downtrend that precedes the formation, an essential criterion for a valid bullish reversal. Related Reading: Cardano (ADA) Bulls Push for Breakout — Is a Sharp Rally Next? Adding further credibility to the setup, Gowanus Monster pointed out the notable symmetry of the pattern. The left and right shoulders are well balanced in height and duration, a classic trait of a bottom. This kind of proportionality enhances visual clarity and increases the likelihood that the pattern will resolve to the upside. Historical data shows that symmetrical structures often have higher breakout success rates, which strengthens confidence in this particular scenario for Cardano. He also emphasized the importance of the outer neckline, currently positioned near the $0.774 level. This key resistance zone is even more significant because it aligns with the 200-day moving average. The convergence of the neckline and the 200MA creates a technical inflection point that could determine the next phase of ADA’s price action. According to Gowanus Monster, a daily close above the neckline and the 200-day MA would confirm the inverse Head and Shoulders pattern and serve as a strong breakout signal from bearish to bullish. Until that confirmation occurs, traders are advised to stay alert and watch how ADA behaves around this pivotal level, as failure to break through could delay or invalidate the bullish scenario. Inverse Head And Shoulders Price Target For Cardano Conclusively, Gowanus stated that once this breakout is confirmed, it could result in a potential upside target near the $0.98 mark. This level isn’t arbitrary; it reflects the approximate height of the pattern added to the breakout point, offering a realistic price objective based on historical chart behavior. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Reaching $0.98 would mark a significant recovery from Cardano’s recent lows and attract renewed investor interest. Such a move may re-establish bullish sentiment in the Cardano dynamics, particularly if it coincides with rising volume and improving market conditions. Featured image from Adobe Stock, chart from Tradingview.com
Bitcoin rallies past $97K, sparking altcoin gains as net outflows and ETF inflows boost sentiment.
Avalanche (AVAX) is making waves, trading around $22.8 , with analysts predicting a potential breakout toward $30 or even $52 . Market watchers are pointing to a bull flag pattern and a double bottom formation as strong indicators of an incoming rally. While AVAX investors are eagerly awaiting confirmation of these bullish trends, another project is stealing the spotlight. Ruvi AI , an innovative blockchain platform, offers an unmatched opportunity for early investors with its unique presale rewards and groundbreaking vision. Avalanche’s Bullish Technicals Signal Big Moves AVAX’s current patterns like the bull flag and double bottom are both hallmarks of bullish momentum. A breakout above $22.8 could propel prices to the $28-$30 range , ushering in a fresh rally that could eventually aim for $52 if momentum sustains. This optimism is backed by rising trading volumes and improving indicators. Yet, despite the enthusiasm surrounding AVAX, savvy investors are zeroing in on Ruvi , which promises both immediate and future returns through its carefully crafted presale strategy. Ruvi’s Vision for Blockchain Excellence Ruvi isn’t just another blockchain project. It aims to redefine the crypto space by merging advanced technology with real-world problem-solving capabilities . Its ecosystem integrates cutting-edge solutions in AI , decentralized finance (DeFi) , and climate-conscious practices , presenting a holistic platform for innovation. But what sets Ruvi apart is its generous presale rewards , designed to maximize investor returns before the project even fully launches. How Ruvi’s Presale Could Be Your Smartest Investment Ruvi’s presale offers are tailored to fit a diverse range of participants, making it an inviting opportunity for small-scale and substantial investors alike. Here are some examples of how its reward system works: Small Contributions, Big Gains Say you invest $500 at Ruvi’s current presale rate of $0.01 per token . This grants you 50,000 tokens , plus a 40% bonus of 20,000 tokens , totaling 70,000 tokens . If the token launches at $2.50 , your $500 investment could transform into $175,000 , showcasing exponential growth even for modest commitments. Maximizing Larger Stakes A bigger investment of $8,000 unlocks even better returns. At a presale rate of $0.01 per token , you’d receive 800,000 tokens , boosted further by a 100% bonus , adding 800,000 tokens , for a total of 1,600,000 tokens . Should the token reach a post-launch value of $3.50 , that initial $8,000 could escalate to an extraordinary $5.6 million . Exclusive Benefits for Presale Participants Beyond financial rewards, investors gain access to Ruvi’s ecosystem perks , including governance privileges, participation in unique DeFi protocols, and early access to platform-exclusive utilities and partnerships. Why Ruvi Outshines the Competition Ruvi’s deflationary tokenomics add another layer of allure to early investment. With mechanisms like token buybacks and burns , the project prioritizes sustainable long-term growth. Unlike Avalanche, which relies heavily on market conditions for its speculative breakouts, Ruvi offers predictable, rewarding incentives built into its presale structure. Don’t Miss Out on Ruvi’s Revolutionary Journey While Avalanche might climb to $52 , Ruvi offers a more comprehensive and high-reward opportunity for investors seeking both short- and long-term gains. With presale slots filling up fast, now is the time to secure your position in this groundbreaking blockchain endeavor. Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Avalanche (AVAX) Holds Strong at $22.8, But Analysts Think Ruvi AI (RUVI) Could Grow by at least 4,900% During Altcoin Season appeared first on Times Tabloid .
This is a segment from the Blockworks Daily newsletter. To read full editions, subscribe . “I do not fear computers. I fear the lack of them.” — Isaac Asimov Bill Gates expects that within a decade, humans will no longer be needed “for most things.” We’re entering an era of “free intelligence,” he explains, in which expertise in all subjects will be commoditized — the best doctors and teachers, for example, will be AIs. “It’s very profound and even a little bit scary,” Gates told Harvard Magazine, “because it’s happening very quickly, and there is no upper bound.” Listening to ex-Google CEO Eric Schmidt tell it is even scarier: “Within the next one year, the vast majority of programmers will be replaced by AI programmers.” Within five years, he adds, we’ll achieve artificial general intelligence, after which AIs will be as smart as the top expert in any field — and within six years we’ll achieve artificial super intelligence, where a single AI is smarter than the sum of all human intelligence. “There’s no language for what happens with the arrival of this,” he warns. But I wouldn’t worry too much just yet — these remain predictions about the future and the future, as Yogi Berra tells us, is famously hard to predict. Also, evidence from the present suggests that humans won’t be so easily replaced. For example, the founder of Cursor said this week that the AI code editor he developed is now writing one billion lines of code per day. That’s a lot — almost certainly more than the total lines of code written by every software developer in the United States put together. And yet, the Bureau of Labor Statistics estimates there are at least 1.6 million software developers still employed in the US. That could be about to change, who knows? But if AI is already writing a billion lines of code without any discernible effect on employment, I suspect that’s an indication that human programmers have many years of employment to look forward to still. Another indicator: Subscriptions for Microsoft’s Copilot have reportedly been stagnant for a full year now — which suggests that Copilot really is an “AI companion” for human employees (as the company markets it) and not a replacement for them. Similarly, OpenAI reports that ChatGPT has over 400 million active weekly users now — almost 5% of the world’s population! But I still have to type this newsletter out myself. LLMs don’t seem to be taking any other jobs, either: “We find muted effects of AI on employment due to offsetting effects,” one academic study reports. “Highly exposed occupations experience relatively lower demand compared to less exposed occupations, but the resulting increase in firm productivity increases overall employment across all occupations.” Another study found similarly that despite widespread adoption of LLMs, “AI chatbots have had no significant impact on earnings or recorded hours in any occupation.” So even newsletter writers appear to be safe for now. And even if not, we’ll probably find something else to do. Benedict Evans recently recounted the long history of new technologies leading to higher, not lower, employment, citing examples such as the invention of typewriters and adding machines: “What did that do to clerical employment? People hired far more clerks. Automation plus the Jevons paradox meant more jobs.” Evans illustrates this point by noting that the vast floor of human calculators that Jack Lemmon worked on in The Apartment has since been replaced by a single spreadsheet. But there are far more people employed using spreadsheets today than there ever were using adding machines. In some places, the greater concern is that there are too many jobs and not enough people: Greece, for example, introduced a six-day work week last year “due to the twin perils of a shrinking population and shortage of skilled workers,” as The Guardian reported it. Similarly, at least part of the reason for the persistent shortage of affordable homes in the US is that there aren’t enough humans available to build them. This could change, of course. ChatGPT may soon write this newsletter faster and better than I can — I’ve noticed, not without trepidation, that it’s slowly been getting better at proofreading individual sentences for me. And even construction workers may someday fear for their jobs. Analysts at Bank of America predict there will be three billion humanoid robots roaming the planet by the year 2060, doing everything from handling hazardous materials to caring for the elderly. 2060 is still a long way off, however, and chances are we (like Jack Lemmon) will have found better things to do by then. In the meantime, though, let’s keep ourselves busy by checking the charts. How it’s going so far: A simple but amazing chart: Exactly one month after Liberation Day, Nasdaq is 3.2% higher. That is ….not what I expected. Also, Liberation Day was ONE month ago??? Feels like 10 years. Not all is well in markets, however: Gold is up, the dollar is down and oil is down a lot. This seems more consistent with yesterday’s news that tariffs are costing Apple $900 million a quarter and this morning’s news that Japan isn’t interested in the trade deal currently on offer. Zooming out: The US dollar tends to move in decade-long trends. With Japan now threatening to unload its massive stockpile of US Treasurys, it’s easy to see why the next trend might be down. The economy’s firewall: This morning’s report that the US added 177,000 jobs in April, which is encouraging, but of course backward looking, according to Mark Zandi : “The job market remains a firewall between continued growth and a downturn. But…the firewall feels fragile. Unless the trade war de-escalates in the next few weeks, the firewall will come down, and a recession will ensue.” Looking forward: Torston Slok warns that this morning’s employment data was collected the week after Liberation Day tariffs were announced and that the correlation to University of Michigan survey data suggest that employment is set to turn lower and “perhaps even negative.” Don’t forget the little guys: Apple can weather tariffs at even a cost of $1 billion a quarter, but smaller businesses dependent on imports from China probably cannot. Congratulations to the class of 2025: This chart from the Atlantic shows that contrary to the historical norm, recent college graduates now have a higher unemployment rate than the average American. (I’d probably still trade places with them though.) It’s cheaper to stay in school, at least: Bloomberg’s Jon Authers notes that Covid broke the multi-decade uptrend in the cost of college, which is now headed lower. Recession odds: The Polymarket odds have been ticking up, which seems weird given what stocks are doing. One analyst estimates that stock prices are now pricing in only a 34% chance of recession. Even more discordant is the estimate from Constance Hunter, chief economist at the economist intelligence unit, who puts the probability at 80%. Not a prediction: The latest data from Vizion’s Global Ocean Bookings Tracker shows exports from China to the US down 48.6% from a year before. “Maybe the children will have two dolls instead of thirty,” the president said in response this week. “Maybe the two dolls will cost a couple of bucks more.” That sounds pretty recessionary to me — but maybe he’s right that the boats are filled with “stuff we don’t need.” As long as we keep the jobs we need, I think everyone would be fine with that. Let’s hope that’s what the markets are telling us. Have a great weekend, naturally intelligent readers. Get the news in your inbox. 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XRP is showing strong signs of a bullish trend shift after breaking previous structure and forming a bullish EMA crossover. The token now eyes a move towards the $2.50 resistance. Ripple’s ( XRP) price action has recently flipped to a bullish market structure, offering a fresh outlook for traders and investors watching for trend continuation. With a confirmed series of higher highs and higher lows, XRP now trades above two key moving averages, indicating growing bullish momentum. If this structure continues to hold, XRP could target higher resistance zones in the near future. Key technical points, EMA Bullish Cross: The 21 EMA and 50 MA are converging, signaling a potential bullish crossover. Market Structure Shift: XRP has established higher highs and higher lows, confirming bullish local structure. Target Resistance: If support holds, the next major resistance is at $2.50. XRPUSDT (1D) Chart Source: TradingView The convergence of the 21 EMA and 50 MA is a reliable early signal that momentum could be shifting in favor of the bulls. If a confirmed bullish crossover occurs, it often precedes a sustained move to the upside. Importantly, XRP is not only hovering above both moving averages but is also respecting them as dynamic support. This adds confluence to the idea that momentum is building. You might also like: Exploring Nexchain: A new approach to transaction speed and network security In terms of structure, XRP has printed a textbook shift, transitioning from a bearish pattern of lower highs and lows to now forming higher lows and higher highs. This is one of the clearest early signs that market participants are regaining confidence and accumulation is underway. If this bullish structure remains intact and price continues to respect key support levels, momentum could begin to accelerate. Volume remains a crucial factor in confirming this bullish thesis. While early signs are promising, an influx in volume would validate the strength behind this move. Without it, the structure may remain vulnerable to breakdowns. Still, as it stands, XRP is showing signs of early trend development and is laying the groundwork for a potential breakout scenario. What to expect in the coming price action If XRP maintains its position above the converging EMAs and follows through with higher volume, traders can expect a retest of the $2.50 resistance zone. A clean break above that level would likely spark further upside momentum in the short term. Read more: STO price surges over 30% on Binance listing news
Mango Markets exploiter Avraham “Avi” Eisenberg was sentenced to over four years in federal prison for allegedly possessing child sexual abuse material (CSAM) in the Southern District of New York on Thursday. Avraham Eisenberg Gets Years-Long Prison Sentence According to court documents, Eisenberg pleaded guilty to allegedly possessing nearly 1,300 images and videos of child sexual abuse that he downloaded from 2017 to 2022. The disturbing content was discovered when Eisenberg was arrested on criminal charges tied to the Mango Markets exploit in December 2022. “Those materials included images and videos involving toddlers, as well as depictions of sadistic violence and masochism against children,” U.S. federal prosecutors noted in a recent court document. Mango Markets Exploiter Faces The Music News of Eisenberg’s sentencing comes nearly one year after the one-time crypto con man was found guilty by a federal jury for allegedly committing commodities fraud, commodities market manipulation, and wire fraud in connection with defrauding Mango Markets. In October 2022, Eisenberg manipulated the MNGO token by driving its price up artificially, with the cryptocurrency surging by over 1000% in just one hour. He was then able to use collateral from the fraudulent trades to effectively steal over $110 million of digital assets, causing the MNGO to crash by 50%. Eisenberg has maintained his innocence, arguing that he had engaged in a “legal trading strategy” and “had nothing to hide.” “Mango Markets was a burgeoning cryptocurrency platform, with a significant number of users, who put assets onto the platform looking to make a return through lawful means,” U.S. prosecutors said. “The defendant saw that as an opportunity for exploitation.” Eisenberg is facing up to two decades behind bars and is set to be sentenced on July 29. He is currently housed at the Metropolitan Detention Center in New York, the prison that infamously held FTX fraudster Sam Bankman-Fried following the crypto exchange’s $8 billion collapse. The post Mango Markets Exploiter Gets 4 Years for 1.3K Child-Exploitation Images appeared first on Cryptonews .