Track market-moving stories before they get noisy

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Crypto projects are increasingly turning to DAOs to hand governance and treasury control to their communities.

Decentralization is one of the most appealing aspects of cryptocurrency. When it comes to enabling decentralized governance, the challenge is getting there. After all, every crypto project begins its life as a centralized entity that’s controlled directly by its founders, who write the code, design its features and decide on its objectives. It’s only when the project is up-and-running that control can be handed off to its users, so how do they go about that? 

For inspiration, project founders can look to earlier projects that have successfully navigated the transition to decentralized autonomous organization or DAO-based governance, such as Decentraland and No NPC Society. 

During these early days, quick-decision making is necessary for the project to start getting traction. That’s founders will act like benevolent dictators, deciding on everything from its technical architecture to its tokenomics. However, this centralization contradicts the long-term vision of decentralized finance and web3. 

That’s why the transition to a Decentralized Autonomous Organization is a key objective, but one that must be made gradually to ensure its survival. The main risk is that the project’s community might be too immature and lack the necessary expertise or structure to manage a complex protocol, so most introduce decentralization and community participation in stages. 

The first step is for the founders to design the main governance mechanism, which usually involves creating some kind of governance token that’s used to assign voting rights to the community. In the case of Decentraland, its first step was to create the Decentraland Foundation, which included a community forum for members to propose and debate new ideas. It then introduced the MANA governance token. By holding MANA or LAND tokens, Decentraland users can propose platform changes or ideas on how to spend its treasury and vote on them. 

The next step for Decentraland was to implement non-binding “advisory” votes as a test of its voting process and governance mechanics without risking the protocol. It then enabled on-chain voting for minor protocol parameter updates, such as its fee structure and interest rates to minimize the risks associated with implementing community decisions. Finally, it progressed to full voting, where the community can propose changes to the entire protocol, and also vote on its treasury allocation. 

Crypto projects can only achieve full DAO autonomy when the core team relinquishes every aspect of control they have, including administrative rights over protocol changes and treasury spending. The treasury can be seen as the “vault”, while governance rights provide the “keys” to the kingdom. When these are handed over, code finally becomes law, with changes executed based entirely on community consensus, rather than a founder’s decree. 

To become truly decentralized, projects must ensure that their codebase becomes fully immutable, so that the founders can no longer make changes on a whim. This means that code updates, bug fixes and feature add-ons can only be made when the community agrees. 

DAOs must also set up a self-sustaining treasury that generates revenue for the protocol to fund its operations and development. Revenue can be generated through transaction fees, interest on loans and via other mechanisms – these funds are then deposited directly into the DAO treasury. The community will then make proposals and vote on how these funds should be allocated. 

When a project gives control of its code and treasury to its community, that signifies the final act of the transfer of power. That’s now the major goal of No NPC Society, a memecoin and decentralized identity project that embraces the “Simulation Hypothesis.” Its DAO roadmap calls for a rapid transition, where the vault and the keys will be handed to the community within six months of its private and public token sales. To do this, it’s using Solana’s Realms platform to streamline the creation of its DAO and evolve its native NONPC coin into a governance token that bestows voting rights on holders. 

To underscore its decentralization, No NPC Society’s DAO ecosystem will be governed by transparent multisig vaults to ensure full visibility into its democratic process. In this way, the project is designed to outgrow its founding team, who will step back to become no more than community members themselves. 

The shift to DAO governance is not without challenges, and many projects struggle with problems such as decision paralysis, low voter turnout and the risk of “whales” (large token holders) obtaining too much influence over the voting process. 

Successful DAOs can mitigate these challenges in various ways. The first and most important step is to create a structure for community members to submit proposals and make sure their suggestions and the assumed impact is clearly spelled out, with simple “Yes” or “No” choices for voters. 

To deal with voter apathy, many projects try to incentivize DAO participation in some way. To prevent whales from exercising too much control, projects can implement more complex voting models that distribute power more equitably. Possibilities include reputation-based governance, where voting weight is based on an individual’s contributions to the project instead of token ownership. Alternatively, quadratic voting can be used to create a system where the votes of large token holders carry less weight than those with only a small amount. 

The path to DAO governance is a complex one that involves navigating many technical hurdles and it can only be navigated at the right time, once an established community takes shape. That’s why the handover of control to a DAO is often seen as a defining achievement that signifies a project’s maturity and its commitment to decentralization. When control and ownership is distributed across a large global community, projects can enhance their longevity and credibility.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

MANA: Decentraland's 2025 Recap: From Building to Production

GameFi Narrative Is Finally Showing Signs of Life — These 3 Tokens Lead The Way

Decentraland (MANA) extends gains, trading at $0.173 at the time of writing on Friday after rallying more than 13% so far this week. On-chain and derivatives data back this rally as Open Interest (OI) hit a 3-month high alongside rising daily active addresses and trading volume. On the technical side, bulls are in control of the momentum, which could push MANA to higher levels.

Bullish derivatives and on-chain dataCoinGlass’ data show that the futures’ OI in Decentraland at exchanges reaches $33.49 million on Friday, up from $20.99 million last Saturday, levels not seen since October 16. An increasing OI represents new or additional money entering the market and new buying, which could fuel the current MANA price rally.

Decentraland open interest chart. Source: CoinglassSantiment’s Daily Active Addresses index, which tracks network activity over time, paints a bullish picture for Decentraland. A rise in the metric signals greater blockchain usage, while declining addresses point to lower demand for the network.

In MANA’s case, Daily Active Addresses rise to 1,196 on Friday, the highest level since December 22, 2024, from 562 on Monday. This indicates that demand for Decentraland usage is increasing, which bodes well for MANA price.

Decentraland daily active addresses chart. Source: SantimentSantiment data indicate that the MANA ecosystem’s trading volume (the aggregate trading volume generated by all exchange applications on the chain) reached $124.77 million on Sunday, the highest since October 11, and has since steadied around $90.60 million on Friday. This volume rise indicates a surge in traders’ interest and liquidity in Decentraland, boosting its bullish outlook.

Decentraland trading volume chart. Source: SantimentDecentraland Price Forecast: MANA bulls in control of the momentumDecentraland price closed above the 50-day Exponential Moving Average (EMA) at $0.152 on Saturday, but faced rejection from the 100-day EMA at $0.176 the next day. During this week, MANA have been trading between the two averages. As of writing on Friday, MANA is testing the 100-day EMA at $0.176.

If MANA closes above the 100-day EMA at $0.176 on a daily basis, it could extend the rally to the 200-day EMA at $0.218, which coincides with the 50% Fibonacci retracement from the September 13 high at $0.391 to the October 10 low of $0.046.

The Relative Strength Index (RSI) on the daily chart reads 65, above the neutral level of 50, indicating strong bullish momentum. In addition, the Moving Average Convergence Divergence (MACD) showed a bullish crossover at the end of December, which remains in effect, with green histogram bars above the neutral level, further supporting the positive view.

MANA/USDT daily chart However, if MANA faces a correction, it could extend the decline toward the 50-day EMA at $0.152.

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Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.

Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.

12 minutes ago

Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate

The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%

12 minutes ago

DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating

U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).

12 minutes ago

Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.

Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.

12 minutes ago

US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.

A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.

12 minutes ago

CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.

According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.

12 minutes ago

Huobi HTX has launched perpetual contracts for IREN, ONDS, CRM, and VRT.

HTX Escalates Dispute With WLFI After Address Freeze

FixedFloat has tightened its compliance rules for transactions linked to Huobi or HTX after the United Kingdom placed Huobi Global S.A. under Russia-related sanctions.

Summary

FixedFloat now suspends Huobi-origin funds and requires extra checks under its revised compliance procedures. UK authorities say HTX falls under Huobi sanctions despite the exchange disputing that legal connection. ZachXBT warns broad address tainting may weaken risk labels and complicate legitimate blockchain investigations globally. The instant crypto exchange said it will suspend incoming funds that originate from Huobi and require extra verification. It also advised users to check whether their funds or sending addresses connect to sanctioned entities before starting an exchange.

FixedFloat adds checks for Huobi-linked funds “Funds originating from Huobi will be suspended by our service and will be subject to additional verification,” FixedFloat said. The company did not state how long reviews may take or how far back it will trace transfers.

OrangeFren warned users to take care when handling coins that had previously passed through Huobi or HTX. The warning reflects concern that transaction screening can affect users who received coins after they left an exchange.

Meanwhile, the UK designated Huobi Global S.A. on May 26 under its Russia sanctions framework. The official notice lists “HTX,” “HTX Exchange” and htx.com as details connected to the designated company.

The Office of Financial Sanctions Implementation later said it considers the HTX cryptocurrency exchange subject to the measures because Huobi owns it. For UK firms, the rules include asset freezes and restrictions on processing payments involving a designated party.

HTX disputes that position. As previously reported by crypto.news, the exchange said Huobi Global S.A. is separate from its operating platform. It also said user funds remained unaffected and planned to engage with UK authorities.

ZachXBT questions broad wallet tainting Blockchain investigator ZachXBT called the UK action “a bit of an overreach.” He said HTX serves many retail users in Asia, which could cause compliance systems to label unrelated wallets as risky.

He added that “risk itself has become meaningless” when tracing cases by sanctions exposure. According to ZachXBT, some screening tools also struggle to separate activity before a designation from transfers made after sanctions took effect.

Recent UK crypto sanctions seem to be a bit of an overreach.

Wonder if it will ever get to the point where it’s ignored because HTX address tainting onchain has been catastrophic.

In the past sanctions were done and those crypto businesses typically had a high % of illicit…

— ZachXBT (@zachxbt) June 8, 2026 Crypto can move through many wallets before reaching a new owner. A user may receive funds with an old HTX link without knowing their full transaction history. FixedFloat has not said whether every past connection will trigger review or only direct transfers.

The UK said it had reasonable grounds to suspect Huobi Global provided financial services to Russia-linked A7 and Garantex entities. HTX has rejected the link between the sanctioned company and its exchange operations.

FixedFloat’s policy shows how one government’s sanctions decision can shape screening outside banking. Users sending funds with a Huobi or HTX history may now face checks without being accused of wrongdoing. The notice announced no exemptions for verified retail users.

Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.

Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.

12 minutes ago

Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate

The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%

12 minutes ago

DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating

U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).

12 minutes ago

Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.

Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.

12 minutes ago

US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.

A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.

12 minutes ago

CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.

According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.

12 minutes ago

TLDR Table of Contents

TLDREU Expands Sanctions to Crypto ServicesHTX and Garantex Named in UK MeasuresGet 3 Free Stock Ebooks EU proposes banning transactions on 11 crypto platforms in new sanctions package. Kaja Kallas confirms tighter restrictions on crypto-asset services to certain third countries. The package targets 31 Russian banks and 20 entities outside the bloc. European Commission has not disclosed the names of affected crypto platforms. UK previously sanctioned Huobi Global S.A., linked to HTX. The European Union has proposed banning transactions on 11 crypto platforms under its 21st sanctions package against Russia. The plan expands existing restrictions and targets financial networks accused of supporting Moscow. Officials said the measures will tighten controls on crypto-asset services in certain third countries.

EU Expands Sanctions to Crypto Services Kaja Kallas, Vice President of the European Commission, outlined the proposal in a public statement. She said the EU will extend restrictions beyond banks and energy revenues.

“We will also tighten our ban for crypto-asset services to certain third countries,” Kallas wrote on X.

We are depriving Russia of the means to fund its war.

We intend to deal a heavy blow to Russia’s financial sector, imposing assets freezes on close to 90 banks and additional transactions bans on over 30 banks in Russia and other third countries.

We will also tighten our ban…

— Kaja Kallas (@kajakallas) June 9, 2026

She also confirmed that the package will “ban transactions on 11 crypto platforms.” However, the Commission did not disclose the names of those platforms.

European Commission President Ursula von der Leyen described other elements of the proposal. She said the package targets 31 additional Russian banks and 20 entities in third countries. These entities include banks, crypto platforms, oil traders, and refineries.

Von der Leyen stated that the targets had served sanctioned Russian individuals or entities. She added that some entities helped circumvent EU measures. The proposal now awaits further discussion among member states.

HTX and Garantex Named in UK Measures The EU proposal follows action by the United Kingdom on May 26. UK authorities sanctioned Huobi Global S.A., the company linked to HTX. Officials said they suspected support for Russia-linked financial networks.

UK authorities cited links to A7 Limited Liability Company and Garantex. Both entities have already faced sanctions under previous measures. The UK said there were reasonable grounds to suspect financial facilitation.

HTX denied the allegations and rejected the claims. The company said the sanctioned entity operates separately from its online exchange. It did not provide further operational details in its public response.

A report by Global Ledger examined HTX activity between 2021 and May 2026. The report said HTX processed about $21.06 billion in high-risk crypto flows. It linked at least $7.64 billion to Russian high-risk entities and darknet markets.

The report identified entities including Garantex, its successor Grinex, A7A5, and Hydra. UK sanctions drew criticism from some blockchain researchers. They argued that exchange-level tainting could freeze legitimate users and weaken compliance tracing tools.

HTX remains under the compliance microscope after UK sanctions records and blockchain-intelligence analysis pointed to Huobi Global S.A., operating as HTX, being designated under the UK’s Russia sanctions regime.

TL;DR The UK OFSI consolidated sanctions list is the primary source for the designation trail. TRM Labs has published a compliance analysis explaining why the designation matters for crypto firms. This should be framed as a compliance-analysis piece, not a fresh breaking sanctions announcement. The story should be handled carefully. The designation itself is not a brand-new market shock today, but the compliance implications are still important. OFSI’s consolidated list is the official reference point, while TRM Labs’ analysis explains what the designation may mean for exchanges, analytics teams and firms screening crypto exposure.

Sanctions designations create practical obligations for firms with UK exposure. If a listed entity is subject to an asset freeze, companies must assess whether they are holding, controlling or facilitating movement of funds connected to that entity. In crypto, that can be harder than in traditional finance because activity may move through wallets, intermediaries and cross-border platforms.

Why HTX Matters For Compliance Teams HTX is a globally known crypto exchange brand. A sanctions designation linked to a major exchange name is therefore more significant than a narrow wallet listing or a small service provider. Compliance teams have to ask not only whether they interact directly with a named entity, but also how to treat flows that may pass through related infrastructure.

TRM’s analysis points to the operational challenge: sanctions screening is no longer limited to checking static customer names. Crypto firms need wallet intelligence, transaction monitoring and escalation processes that can respond when a large platform or associated entity appears on an official list.

Market Impact Versus Compliance Impact This does not automatically mean a broad market sell-off or an immediate exchange crisis. The more grounded article angle is compliance. UK-regulated businesses, counterparties and service providers need to understand their obligations, while non-UK firms may still adjust risk controls because sanctions exposure can spill across jurisdictions.

For traders, the direct impact may be limited unless liquidity, access or counterparty relationships are disrupted. For institutions, the signal is clearer: sanctions risk around crypto venues remains a board-level issue, not just a back-office function.

The Bottom Line The HTX designation story is best read as part of a wider trend. Governments are increasingly using financial sanctions tools in crypto contexts, while analytics firms are building the interpretive layer that helps businesses understand what those lists mean operationally.

For NewsBTC, the core point is simple: this is not just a name on a government list. It is a live example of how crypto platforms can become entangled in sanctions compliance, and why firms touching digital assets need stronger screening and monitoring systems than they did a few years ago.

A Slow-Burn Risk For Exchanges Sanctions stories do not always move markets immediately. Their impact can show up slowly, through banking relationships, compliance checks, vendor reviews and counterparty restrictions. For a major exchange brand, that means the reputational and operational effects can matter even when token prices barely react on the day.

Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.

Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.

12 minutes ago

Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate

The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%

12 minutes ago

DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating

U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).

12 minutes ago

Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.

Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.

12 minutes ago

US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.

A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.

12 minutes ago

CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.

According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.

12 minutes ago

Privacy Coins – Will Growing Regulations Strangle Monero, Dash and ZCash to Death?

Is Staking the Answer to Cryptocurrency’s Mining Problems?

One of the largest cryptocurrency exchanges by trading volume, Binance, announced that it will suspend deposit and withdrawal services for the PIVX (PIVX) network. This temporary suspension is to support the network upgrade and hard fork that is planned to occur today.

Deposit and Withdrawal Services to Be SuspendedBinance will support the PIVX network upgrade and hard fork, which is scheduled to happen today at 15:00 TRT. The cryptocurrency exchange will temporarily suspend deposit and withdrawal services for the PIVX network, including the PIVX token and other tokens operating on the network.

Binance will implement the suspension of deposit and withdrawal services at 14:00 to facilitate the smooth implementation of the network upgrade and to prevent any inconvenience to users during this process.

During the network upgrade and hard fork, Binance users will be able to continue trading PIVX and other tokens available for deposit and withdrawal on the network without any interruption. Binance will handle all technical requirements for the upgrade on behalf of its users.

Deposit and Withdrawal Services to Restart After UpgradeThe upgrade marks a significant milestone for the PIVX network, set to occur at block height 4,281,680. The cryptocurrency exchange does not provide a specific timeline for the resumption of deposit and withdrawal services but indicates it will wait until the network is confirmed to be running smoothly. Accordingly, Binance will restart deposit and withdrawal services for the PIVX network once the upgraded network is deemed stable.

This announcement is part of Binance’s commitment to ensuring the security and reliability of its platform for users. By proactively supporting network upgrades and hard forks for every altcoin it lists, Binance aims to maintain a seamless trading experience and contribute to the overall development and improvement of the crypto ecosystem.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.

Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.

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Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate

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DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating

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12 minutes ago

Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.

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US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.

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CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.

According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.

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Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.

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Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate

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12 minutes ago

DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating

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12 minutes ago

Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.

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12 minutes ago

US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.

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12 minutes ago

Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.

Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.

12 minutes ago

Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate

The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%

12 minutes ago

DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating

U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).

12 minutes ago

Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.

Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.

12 minutes ago

US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.

A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.

12 minutes ago

CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.

According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.

12 minutes ago