Coinbase announced on Thursday that it will suspend trading of the Movement token on May 15 at 2:00 p.m. ET, citing routine asset reviews to ensure that listing standards are met. The exchange said MOVE (MOVE) order books have already…

MOVE drops 20% as Coinbase announces trading suspension on May 15

Stablecoins are rapidly transforming U.S. Treasury demand, reshaping financial 
markets, and redefining the global role of the U.S. dollar. US Treasury 
Signals Stablecoin Boom Could Reshape Fiscal Strategy The U.S. Department of 
the Treasury published on April 30 the official minutes from the April 29, 
2025, meeting of the Treasury Borrowing Advisory Committee, emphasizing the 
[…]

Treasury Committee Eyes Stablecoin Boom Fueling US Bond Demand

HYPE has emerged as one of the strongest performers in the current market 
environment, staging an impressive recovery following its low on April 7th. 
Since then, the token has surged over 115%, marking a sharp and aggressive 
short-term uptrend. This rally reflects a growing appetite for risk among 
traders and renewed confidence across the broader crypto market. As major 
assets like Bitcoin and Ethereum consolidate near key resistance levels, 
smaller-cap tokens such as HYPE are gaining traction—benefiting from the 
increased momentum and speculative interest. Related Reading: Whales Sell 
262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit-Taking? Bulls 
are firmly in control, driving HYPE to test and reclaim critical technical 
levels. Top analyst Big Cheds shared a technical analysis on X, highlighting 
that HYPE is showing a strong response after retesting a key liquidity level. 
This price action, according to Cheds, may signal the beginning of a more 
sustained upward movement, especially if HYPE maintains its current structure 
and volume trends. With on-chain activity rising and market sentiment 
improving, all eyes are now on HYPE to see whether it can continue 
outperforming its peers. If bulls maintain momentum and reclaim higher 
resistance levels, HYPE could extend its rally and become one of the standout 
altcoin performers of the quarter. HYPE Eyes Breakout As Bulls Defend Key 
Levels HYPE continues to establish itself as one of the leading DeFi projects 
in the current market cycle, acting as a major decentralized exchange (DEX) 
with growing user activity and liquidity. After a strong run-up over the past 
few weeks, the token is now approaching a critical juncture as bulls attempt 
to reclaim the range highs and push through the psychological $20 resistance 
level. Despite recent bullish momentum, global macroeconomic uncertainty and 
rising geopolitical tensions are keeping the crypto market volatile, 
especially for altcoins. In this context, HYPE&#8217;s price action stands out. 
After a sharp move upward, the token faced a brief pullback, but according to 
Big Cheds, the response to this “throwback” was notably strong. The bounce 
from the $17 zone shows clear support, reinforcing buyer interest at these 
levels. Ched’s analysis suggests that this healthy retest of a previous 
liquidity pocket could fuel the next leg up. If bulls maintain control, HYPE 
could break through $20 and test the next significant supply zone above it. 
However, a short period of consolidation may be necessary to build enough 
momentum for the breakout. Related Reading: Solana Monthly Candle Reclaims Key 
Levels – Is $240 The Next Target? With fundamentals backing its growth and 
technicals flashing strength, HYPE is positioned as one of the key DeFi tokens 
to watch. A confirmed move above $20 could open the door to price discovery 
and cement HYPE’s leadership role among decentralized exchanges. Price Action 
Details: Holding A Bullish Structure HYPE is currently trading above $19 after 
a decisive move that pushed it beyond key short-term resistance. The token has 
shown strong momentum over the past two weeks, supported by growing market 
confidence and rising volume across decentralized finance platforms. Bulls are 
clearly in control, but the next major hurdle lies at the $22 level. 
Reclaiming $22 is critical for confirming a breakout and continuing the rally 
toward new all-time highs. This zone represents both psychological resistance 
and a historical supply region where sellers previously took profits. A clean 
push above $22 would likely trigger fresh buying and shift HYPE into price 
discovery mode. However, risks remain if momentum fades or broader market 
conditions weaken. The $17 level is now a key support zone to watch. If bulls 
lose control and price drops below that mark, HYPE could retrace further into 
lower demand zones, likely targeting the $14–$15 region. Related Reading: 
Ethereum Consolidates Against Bitcoin – Dominance Shift On The Horizon? For 
now, as long as HYPE holds above $19 and builds momentum, the bullish 
structure remains intact. The coming sessions will be crucial to determine 
whether the token has enough strength to clear $22 and continue leading the 
DeFi sector’s recovery. Featured image from Dall-E, chart from TradingView

HYPE Confirms Strength With Solid Throwback Response – Bullish Reversal?

Crypto exchange Kraken has completed its acquisition of the futures trading 
platform NinjaTrader and reported its first quarter revenues jumped 19% year- 
on-year to $471.7 million.
Kraken said in a May 1 report that its NinjaTrader acquisition would give its 
US customers access to the traditional derivatives market, aligning with its 
plans to expand its offerings and be the go-to platform for all types of 
trading.
NinjaTrader is a registered Futures Commission Merchant with the Commodity 
Futures Trading Commission. Last month, it rolled out trading for over 11,000 
stocks and exchange-traded funds to certain US clients.
The deal, which Kraken dubbed the largest ever between a crypto and 
traditional finance firm, allows NinjaTrader to expand to the UK, continental 
Europe and Australian markets and comes as Kraken is preparing for an initial 
public offering in early 2026. The company is exploring a debt package worth 
between $200 million and $1 billion to facilitate that transaction.
## Kraken revenue, trading volume falls on Trump&#8217;s return
Kraken&#8217;s $471.7 million revenue in Q1 marked a 19% increase from the year-ago 
quarter but a 6.8% fall from Q4 2024.
The exchange reported that trading volume fell 9.6% quarter-over-quarter to 
$208.7 billion while the value of its custodied assets fell 18% to $34.9 
billion over the same time.
Kraken attributed the drop to a &#8220;slowdown in overall market trading activity&#8221; 
as US President Donald Trump&#8217;s threats of implementing sweeping tariffs 
triggered an 18% fall in the crypto market cap over the quarter.
_Key metrics from Kraken &#8216;s Q1 report. Source: __Kraken_ 
Kraken is one of several crypto platforms that saw record or near-record highs 
in trading activity in Q4 as Trump&#8217;s November election win sparked larger- 
than-usual market volatility.
_**Related:**__**Kraken rolls out ETF and stock access for US crypto 
traders**_
Kraken said that despite a &#8220;softening market,&#8221; its adjusted EBITDA &#8212; 
earnings before interest, taxes, depreciation and amortization &#8212; jumped 1% 
from the previous quarter to $187.4 million.
The firm also saw the number of funded accounts on its platform increase 10% 
quarter-on-quarter to 3.9 million, signaling &#8220;deeper client engagement.&#8221;
Reuters reported on April 18 that Kraken restructured its workforce after 
Arjun Sethi was appointed as co-CEO last October. Sethi has laid off around 
400 employees since.
_**Magazine:**__**Crypto wanted to overthrow banks, now it &#8216;s becoming them in 
stablecoin fight**_

Kraken finalizes NinjaTrader buy as Q1 revenue jumps 19%

Strategy’s bitcoin-first model catapults its stock 3,142%, outpacing tech 
giants and signaling a seismic market shift toward sound money assets. MSTR’s 
Bitcoin Standard Bet Crushed Legacy Finance Microstrategy (Nasdaq: MSTR), 
which recently rebranded as Strategy, has achieved a staggering return of 
3,142% since transitioning to a bitcoin-focused business model. The dramatic 
surge in the company’s […]

MSTR Explodes 3,000% Since Embracing Bitcoin

Morgan Stanley is gearing up to offer direct crypto trading on E*Trade, 
signaling a seismic shift as Wall Street embraces bitcoin amid a more 
favorable regulatory environment in the United States. Morgan Stanley Plans 
E*Trade Crypto Launch Global investment bank Morgan Stanley is preparing to 
introduce cryptocurrency trading to its E*Trade platform, Bloomberg reported 
on […]