Payward Inc., the parent company of cryptocurrency exchange Kraken, announced 
on Thursday that it has agreed to acquire Hong Kong-based Reap Technologies 
Holdings for up to $600 million in a mix of cash and stock, in a deal that 
values Payward at $20 billion. Payward Locks in $600M Reap Acquisition as 
Stablecoin Card Market Tops […]

Kraken Parent Payward Buys Reap Technologies for $600M to Build Stablecoin Payment Rails

Escalating tensions may destabilize the region, hinder US-Iran diplomacy, and 
increase the likelihood of Iranian airspace restrictions.
The post UAE counters Iranian air attack amid regional tensions appeared first 
on Crypto Briefing.

UAE counters Iranian air attack amid regional tensions

Bitcoin price started a fresh decline below the $81,200 zone. BTC is 
correcting gains and might struggle to stay above the $78,800 support. Bitcoin 
failed to stay above $80,500 and extended losses. The price is trading below 
$81,000 and the 100 hourly simple moving average. There was a break below a 
bullish trend line with support at $80,800 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might extend losses if it stays below 
the $81,200 and $80,800 levels. Bitcoin Price Dips Again Bitcoin price failed 
to stay above the $81,500 support zone. BTC started a downside correction 
below the $81,200 and $80,800 levels to enter a short-term bearish zone. There 
was a move below the 38.2% Fib retracement level of the upward move from the 
$74,940 swing low to the $82,790 high. Besides, there was a break below a 
bullish trend line with support at $80,800 on the hourly chart of the BTC/USD 
pair. Bitcoin is now trading below $80,000 and the 100 hourly simple moving 
average. If the price remains stable above $78,500, it could attempt a fresh 
increase. Immediate resistance is near the $80,400 level. The first key 
resistance is near the $80,800 level. A close above the $80,800 resistance 
might send the price further higher. In the stated case, the price could rise 
and test the $81,250 resistance. Any more gains might send the price toward 
the $82,000 level. The next barrier for the bulls could be $82,500. Downside 
Extension In BTC? If Bitcoin fails to rise above the $81,000 resistance zone, 
it could start another decline. Immediate support is near the $78,800 level or 
the 50% Fib retracement level of the upward move from the $74,940 swing low to 
the $82,790 high. The first major support is near the $78,000 level. The next 
support is now near the $77,800 zone. Any more losses might send the price 
toward the $77,200 support in the near term. The main support now sits at 
$76,500, below which BTC might struggle to recover in the near term. Technical 
indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 
level. Major Support Levels – $78,800, followed by $78,000. Major Resistance 
Levels – $81,200 and $81,500.

Bitcoin Price Gives Up Part Of Rally, Sellers Reappear Near Highs

The potential release of Epstein&#8217;s note could influence public perception and 
trust in institutional transparency and accountability.
The post Epstein note analysis sparks market interest for May release appeared 
first on Crypto Briefing.

Epstein note analysis sparks market interest for May release

Coinbase financial chief Alesia Haas said “macro conditions were genuinely 
tough,” while CEO Brian Armstrong highlighted a plan to diversify beyond spot 
trading.

Coinbase shares slide on $400M Q1 loss, revenue miss

Block’s Q1 earnings beat estimates despite Bitcoin revenue falling 26% on 
changing Bitcoin “trading dynamics” and reducing fees on Cash App 
transactions.

Kraken Parent Payward Buys Reap Technologies for $600M to Build Stablecoin Payment Rails

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