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Day: May 1, 2026
Carrot’s TVL Collapses 93% in a Month Following Drift Hack
Solana-based decentralized finance yield protocol Carrot said Thursday that it is shutting down permanently, becoming one of the first DeFi protocols to fall due to contagion from the Drift Protocol exploit in early April. In an X post on Thursday, Carrot said the Drift exploit was “catastrophic” for the protocol and had left it financially unable to continue operating. The platform set a May 14 deadline for users to withdraw remaining funds. It said it will continue to help recovery efforts related to Drift and distribute assets once they become…
XRP 2017 Breakout Replay? Analyst Drops Bold 1,992% Target
A crypto market analyst has suggested that XRP appears to be forming “one of its most significant multi-year structural patterns to date,” which could lead the altcoin to a rally similar to its 2017 expansion. Related Reading XRP Eyes 2017-Like Expansion On Thursday, market observer ChartNerd stated that XRP appears to be repeating a setup that may surpass the scale of the 2017 pre-breakout formation, which led to a massive 68,000% expansion during that cycle. In a video, the analyst explained that the altcoin has been developing since 2020, when…
WATCH NOW – Latest Crypto Market News Today & BTC – ETH Update
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io WATCH NOW – Latest Crypto Market News Today & BTC – ETH Update Welcome to Al Makkah Tech & Business Hub! If you are looking for the most reliable CRYPTO NEWS TODAY, you’ve come to the right place. Our mission is to provide you with the latest updates on the digital asset market, including daily Bitcoin price analysis and in-depth ethereum price analysis. Staying informed is the first step toward understanding the rapidly evolving blockchain landscape. _________________________________________ For Verified News updates Follow…
Bitcoin Price Action Favors Bears But Profit Taking Overwhelms Each Rally
Bitcoin (BTC) traders pushed the price to $77,400, but data suggests profit-taking may thwart the bull’s goal of turning the $77,000 to $80,000 zone into support. Orderbook data from TRDR shows over $130 million in asks extending from $76,700 to $79,300. BTC/USDT Binance perps orderbook. Source. TRDR.io Given Bitcoin’s negative futures funding rate and the small negative long-short delta (-$1.47 million at the time of writing), bulls have a slight edge in the short-term. The situation could shift further in their favor if the BTC price pushes into short liquidity…
RWA Tokenization Boom Drives 420% Market Cap Surge
The size of the tokenized real-world asset (RWA) market has increased by more than 420% since the start of 2025, as investors were treated to easier market access and regulatory clarity, according to analysts. The RWA market cap was about $5.8 billion on Jan. 1, 2025, but has since risen to more than $30.2 billion as of Wednesday, according to analytics platform RWA.xyz. Tokenized US Treasurys experienced the largest increase, from $3.9 billion at the start of 2025 to more than $15 billion, followed by commodities. Dominick John, an analyst…
Solana (SOL) Rebounds Again, Buyers Target Next Upside Leg
Solana found support at $81.40 and corrected some losses. SOL price is now consolidating above $83.50 and might aim for a steady increase. SOL price started a decent recovery wave above $82 and $83.50 against the US Dollar. The price is now trading near $84 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $83.45 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $84.50 and $85.00. Solana…
Find Out What Follows That Setup
XRP is struggling to hold the $1.35 level as the market consolidates in a range that has defined the price structure for weeks without resolving in either direction. The patience required to hold through this kind of sideways action is real — and a CryptoQuant report has just identified a structural condition beneath the surface that reframes what the current consolidation is actually building toward. Related Reading The report examines the relationship between XRP’s leverage ratio and its price. What it has found is a divergence that the data describes…
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XRP Price Downtrend May Resume, Sellers Eye Control Again
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…