Category: Cryptocurrency News

Raoul Pal, Real Vision founder and prominent trading name, stated on Wednesday that the dominance of Bitcoin may have topped this cycle. In an X post, Pal said that DeMark Indicators’ signals point toward the potential that a change is imminent after several months of Bitcoin at the top of the market. Pal noted that daily, weekly, and monthly charts all are flashing top signals on Bitcoin dominance. Related Reading: XRP At $2.20? Analyst Insists It’s Not Too Late To Get In Bitcoin dominance is now at nearly 65%, a figure that has increased steadily since December 2024. Despite this growth, it is still yet to reach the 2021 high of 74%, or the 2017 high previously. This, according to Pal, indicates a weakening trend in the percentage of the crypto market dominated by Bitcoin over time. DeMark Tops Flash Warning Signs Pal relied on technical analysis tools called DeMark Indicators, developed by market veteran Tom DeMark. They are used to identify when a trend could be losing momentum. Although Pal didn’t specifically state what the exact signals were that he watched for, one of the TD Sequential’s functions is to find turning points like this. I think BTC dominance topped today. There are daily, weekly and monthly DeMark tops in place and the top is well below 2021 top and that was below the 2017 top. If that plays out, it is the hallmark of the next phase of the Banana Zone. Let’s see… — Raoul Pal (@RaoulGMI) May 8, 2025 Currently, Bitcoin is over 6% higher since the beginning of 2025 and has just reclaimed the $103k level. The coin is slowly making its way toward the $105,000 threshold. But while Bitcoin is going higher, most other cryptocurrencies have not been able to keep pace. Altcoins Have Fallen Behind Statistics indicate that the TOTAL2 index, which captures the value of the crypto market excluding Bitcoin, has fallen by almost 20% this year. It declined from $1.34 trillion to $1.07 trillion. This difference between Bitcoin and the rest of the market has contributed to increasing Bitcoin’s dominance. If Pal’s analysis is correct, this difference will soon begin to narrow. He thinks that as soon as Bitcoin dominance reaches a peak, money may begin entering altcoins. Traders usually move their focus from Bitcoin to smaller coins as soon as they feel the top coin has gotten its run out. That’s what happened before, and Pal believes the same may occur. The Banana Zone Theory Pal also mentioned what he refers to as the “Banana Zone.” It’s his terminology for a period where prices accelerate in a sharp, curved trajectory — sort of like a banana. He divides this into three stages. Phase one, he says, began in November 2024, when the prices of crypto started to break out. Related Reading: Trump Trade News Ignites Bitcoin Mania—$100K Coming? Now he believes we’re entering phase two, which he calls the “Banana Singularity.” That’s the part where altcoins start rising faster than Bitcoin, as more investors start hunting for bigger gains in riskier coins. This is usually when people start seeing major moves across smaller tokens. Altcoin Season May Be On The Way Pal’s message is crystal clear: Bitcoin’s time at the top may be slowing down. If the technical indicators are correct, altcoins may soon be taking center stage. It wouldn’t be the first time. In previous bull runs, capital rotated out of Bitcoin and into altcoins as the top coin’s dominance tailed off. Featured image from Unsplash, chart from TradingView

Opinion by: Naman Kabra, co-founder and CEO of NodeOps NetworkGraphics Processing Units (GPUs) have become the default hardware for many AI workloads, especially when training large models. That thinking is everywhere. While it makes sense in some contexts, it’s also created a blind spot that’s holding us back.GPUs have earned their reputation. They’re incredible at crunching massive numbers in parallel, which makes them perfect for training large language models or running high-speed AI inference. That’s why companies like OpenAI, Google, and Meta spend a lot of money building GPU clusters.While GPUs may be preferred for running AI, we cannot forget about Central Processing Units (CPUs), which are still very capable. Forgetting this could be costing us time, money, and opportunity.CPUs aren’t outdated. More people need to realize they can be used for AI tasks. They’re sitting idle in millions of machines worldwide, capable of running a wide range of AI tasks efficiently and affordably, if only we’d give them a chance.Where CPUs shine in AIIt’s easy to see how we got here. GPUs are built for parallelism. They can handle massive amounts of data simultaneously, which is excellent for tasks like image recognition or training a chatbot with billions of parameters. CPUs can’t compete in those jobs.AI isn’t just model training. It’s not just high-speed matrix math. Today, AI includes tasks like running smaller models, interpreting data, managing logic chains, making decisions, fetching documents, and responding to questions. These aren’t just “dumb math” problems. They require flexible thinking. They require logic. They require CPUs.While GPUs get all the headlines, CPUs are quietly handling the backbone of many AI workflows, especially when you zoom in on how AI systems actually run in the real world.Recent: ‘Our GPUs are melting’ — OpenAI puts limiter in after Ghibli-tsunamiCPUs are impressive at what they were designed for: flexible, logic-based operations. They’re built to handle one or a few tasks at a time, really well. That might not sound impressive next to the massive parallelism of GPUs, but many AI tasks don’t need that kind of firepower.Consider autonomous agents, those fancy tools that can use AI to complete tasks like searching the web, writing code, or planning a project. Sure, the agent might call a large language model that runs on a GPU, but everything around that, the logic, the planning, the decision-making, runs just fine on a CPU.Even inference (AI-speak for actually using the model after its training) can be done on CPUs, especially if the models are smaller, optimized, or running in situations where ultra-low latency isn’t necessary.CPUs can handle a huge range of AI tasks just fine. We’re so focused on GPU performance, however, that we’re not using what we already have right in front of us.We don’t need to keep building expensive new data centers packed with GPUs to meet the growing demand for AI. We just need to use what’s already out there efficiently.That’s where things get interesting. Because now we have a way to actually do that.How decentralized compute networks change the gameDePINs, or decentralized physical infrastructure networks, are a viable solution. It’s a mouthful, but the idea is simple: People contribute their unused computing power (like idle CPUs), which gets pooled into a global network that others can tap into.Instead of renting time on some centralized cloud provider’s GPU cluster, you could run AI workloads across a decentralized network of CPUs anywhere in the world. These platforms create a type of peer-to-peer computing layer where jobs can be distributed, executed, and verified securely.This model has a few clear benefits. First, it’s much cheaper. You don’t need to pay premium prices to rent out a scarce GPU when a CPU will do the job just fine. Second, it scales naturally.The available compute grows as more people plug their machines into the network. Third, it brings computing closer to the edge. Tasks can be run on machines near where the data lives, reducing latency and increasing privacy.Think of it like Airbnb for compute. Instead of building more hotels (data centers), we’re making better use of all the empty rooms (idle CPUs) people already have.Through shifting our thinking and using decentralized networks to route AI workloads to the correct processor type, GPU when needed and CPU when possible, we unlock scale, efficiency, and resilience.The bottom lineIt’s time to stop treating CPUs like second-class citizens in the AI world. Yes, GPUs are critical. No one’s denying that. CPUs are everywhere. They’re underused but still perfectly capable of powering many of the AI tasks we care about.Instead of throwing more money at the GPU shortage, let’s ask a more intelligent question: Are we even using the computing we already have?With decentralized compute platforms stepping up to connect idle CPUs to the AI economy, we have a massive opportunity to rethink how we scale AI infrastructure. The real constraint isn’t just GPU availability. It’s a mindset shift. We’re so conditioned to chase high-end hardware that we overlook the untapped potential sitting idle across the network.Opinion by: Naman Kabra, co-founder and CEO of NodeOps Network.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Key points:Bitcoin continues to attack a key resistance zone below all-time highs.“Parabolic” BTC price talk begins to resurface as bulls hold six figures after the Wall Street open.Signs of profit-taking are increasing amid the highest prices since January.Bitcoin (BTC) is attracting “parabolic” price targets as bulls continue to hold six figures on May 9.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBTC price in line for “crazy numbers”Data from Cointelegraph Markets Pro and TradingView shows barely any consolidation taking place on BTC/USD over the past 24 hours.The pair hit $104,332 on Bitstamp, marking its highest since the end of January and a clear departure from the slow downtrend in place for much of 2025.Reacting, market participants have begun to restore their faith in the broader Bitcoin bull market.“November 2024 monthly candle was the breakout signal on long-term charts,” popular economist Aksel Kibar told X followers in his latest post.An accompanying chart compares November 2024 to similar “breakout” events in the past, with Kibar reiterating his existing $137,000 target.BTC/USD 1-month chart. Source: Aksel Kibar/XOthers, however, have far loftier expectations for BTC price action next. In particular, talk of “parabolic” upside has returned this month.Bitcoin is about to go parabolic.Don’t bet against history. pic.twitter.com/NYJVexp0mM— Mister Crypto (@misterrcrypto) May 1, 2025“Bitcoin is going exponential,” crypto entrepreneur and investor Jason Williams summarized as $100,000 returned.Trader and analyst Matthew Hyland joined those forecasting new all-time highs in Q2 in his latest video update.$160,000 or other “crazy numbers,” he said, could come into play if bulls stay in control and a key leading indicator, the relative strength index (RSI), supports further upside.“I actually do think that there is a high chance that Bitcoin will end up breaking through these highs,” he concluded.#BTC & #ETH Update: pic.twitter.com/ovRS9pN0aj— Matthew Hyland (@MatthewHyland_) May 9, 2025Bitcoin halts progress at stubborn resistanceOn shorter timeframes, popular trader Skew sounded the alarm over profit-taking being in full swing at $103,000, itself a key long-term resistance zone.Related: Bitcoin eyes sub-$100K liquidity — Watch these BTC price levels next“Starting to see some profits taking here, likely from a large trader. Passively selling BTC into price here & closing out longs,” he explained on the day.“Logically makes sense given BTC is trading around HTF Supply & Resistance $103K – $104K.”BTC/USD vs. S&P 500 1-day chart. Source: Cointelegraph/TradingViewUS stock markets were flat at the Wall Street open, with Skew suggesting their behavior may spill over into crypto.“In terms of current underlying flow, market remains correlated to tradfi so keep an eye on performance today into close,” he added.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin ETFs kept their inflow streak alive with $117 million on Thursday, powered by Blackrock, Fidelity, and Ark 21shares. Ether ETFs extended their outflow streak to a third day, losing $16.11 million. Bitcoin ETF Momentum Builds but Ether ETFs Post Day Three in the Red Investor appetite for bitcoin ETFs continued to build momentum Thursday […]

Key Takeaways: World launches in Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. The project also collaborates with Visa and Match Group to increase real-world use cases. Privacy issues notwithstanding, some 12 million users around the world have been verified by World. World’s U.S. Expansion Traces New Chapter for Digital Identity Sam Altman’s World,…
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In what could be a historic move for cryptocurrency in the retail industry, Steak ‘n Shake, the popular American fast food chain, will start accepting Bitcoin payments on May 16. Experts believe that Bitcoin couldn’t work as a day-to-day mode of payment due to the additional stress on its network, which would challenge the blockchain’s speed, cost, and scalability. However, this is not the first time, and certainly not the last, that we’re seeing cryptocurrency integration on the retail channel. In this article, we’ll briefly explore just how bullish corporations are on ‘digital gold.’ Read until the end because we’ll also suggest the best new crypto to buy today to benefit from large institutions’ vote of confidence in crypto. Cryptocurrency in Retail Steak ‘n Shake put out an X post on March 8, asking whether it should accept Bitcoin or not. Interestingly, Twitter CEO Jack Dorsey tweeted ‘Yes’ in reply to this. In 2022, Chipotle started accepting more than 90 cryptocurrencies at 100+ locations in the US. Previously, Starbucks also allowed its customers to recharge their digital wallets using $BTC. Subway also experimented with Bitcoin payment as early as 2013. Finally, El Salvador’s Pizza Hut was the first retail outlet to officially accept $BTC as payment. Although most of these initiatives were short-lived and never scaled, the tide seems to be changing now (for the better, that is). With $BTC gaining strong ground as a new hedge asset among corporations and governments, many companies are trying to either buy and HODL it or adopt it into their ecosystem. The bottom line, therefore, is that Steak ‘n Shake’s current initiative is just the beginning of the domino effect. More retail businesses are expected to follow suit sooner rather than later (and the reasons for that are pretty clear – adoption). As Bitcoin adoption unblocks new milestones and it becomes a part of our daily lives, there can be hardly any doubt that the asset could be the backbone of modern economies. If you want to make the most of crypto’s increasing popularity, here are the best cryptos you should consider buying right now. 1. Best Wallet Token ($BEST) – Best New Crypto to Buy Right Now A secure and user-friendly crypto wallet is essential as cryptocurrency becomes more mainstream, enabling users to pay for everyday items such as burgers and gas using the top altcoins. Enter Best Wallet. As outlined in our Best Wallet review, we’re impressed by the wallet’s mobile-first design and support for multiple cryptocurrencies. These are crucial if you want to benefit from the growing support for crypto payments in offline stores. The app is also laced with class-leading security features. First and foremost, Best Wallet is non-custodial, meaning none other than you will have access to your crypto assets. Secondly, it employs Fireblock’s advanced cryptographic technology and multi-factor authentication (including biometrics) to keep bad actors at bay. It’s worth noting that Best Wallet’s native cryptocurrency, Best Wallet Token ($BEST), gives you a unique opportunity to invest in the wallet’s growth. Best Wallet, after all, is on a mission to capture over 40% of the non-custodial crypto wallet market by 2026. In addition to potentially offering you a 280% gain on your investment in less than five years (the token is predicted to jump to $0.07 by 2030), owning $BEST also comes with many on-platform benefits. For instance, $BEST token holders will have to pay lower fees when they buy, sell, or swap cryptos on Best Wallet. Furthermore, they’ll also get early-bird access to all the new meme coins on presale listed on Best Wallet. If you like what you see, buy $BEST today for just $0.024995 each. The project, which has turned out to be one of the best crypto presales, has raised over $12M so far. 2. BTC Bull Token ($BTCBULL) – Best Bitcoin-Themed Altcoin Offering Free $BTC via Airdrops Both $BTC’s adoption and price are on a hot streak right now, so we believe it could be the perfect time to invest in a Bitcoin-themed altcoin that could rise alongside the king cryptocurrency. We’re talking about BTC Bull Token ($BTCBULL). It’s unique because it’s the only crypto out there offering Bitcoin airdrops to its token holders. In other words, if you buy into the BTC Bull Token presale, you’ll be rewarded with a sizable portion of a $100K crypto asset for absolutely zero costs on your end. According to BTC Bull Token’s whitepaper, the $BTC airdrops will take place every time the underlying crypto, i.e., Bitcoin, smashes through a new milestone, such as $150K, $200K, or $250K. Important: You must hold your purchased $BTCBULL tokens in Best Wallet to be eligible for free $BTC. Apart from its one-of-a-kind Bitcoin giveaway mechanism, BTC Bull Token’s chunky 40% marketing budget is also why we’ve predicted it to jump over 380% and reach $0.0096 by 2026. Combined with a deflationary model, wherein a portion of the total $BTCBULL token supply will be burnt off every time $BTC’s price rises by $25K, the project’s focus on PR could be a huge reason why its rally could stretch over multiple months. Join the group of Bitcoin maximalists and buy $BTCBULL now. The project has raised nearly $5.5M, and you can get one token for just $0.002505 if you act now. 3. Moo Deng ($MOODENG) – Viral Meme Coin Trending Right Now Moo Deng first made the headlines soon after its launch in September 2024. At the time, it took less than two months to skyrocket to its all-time high of $0.62 – a gain of over 2,000% from the levels of $0.031. After a sluggish 3-4 months, the token is back among the top trending cryptos. It’s up over 150% in just the last 24 hours, which brings its total monthly gain to over 450%. Currently trading at $0.1292, this cheap crypto is an out-and-out meme coin, meaning it’s driven by community engagement and virality. It’s based on a baby pygmy hippo, also known as Moo Deng. As is the case with meme coins, $MOODENG, too, rose to popularity when the baby hippo meme went viral on social media. Investors soon flocked to Solana to shower their love on this cute token. Beware – New Crypto May Result in FOMO Before you pour a disproportionate amount of money into new cryptos, expecting them to rocket to the moon, kindly remember that the crypto market, especially meme coins, is a high-risk investment. We suggest only investing an amount you’re comfortable losing. Also, this article isn’t financial advice of any sort, and you must do your own research and due diligence before investing.

In his latest YouTube briefing to 292,000 subscribers, the analyst known as “More Crypto Online” (MCO) argued that Dogecoin’s recovery from early-May support keeps the memecoin’s larger Elliott-wave roadmap intact and, crucially, leaves open the long-discussed advance toward the $0.60 region. Dogecoin’s Path To $0.60 Speaking less than forty-eight hours after Dogecoin’s local low on 6 May at roughly $0.163, MCO underlined that price action has so far respected the fourth-wave Fibonacci retracement he mapped out in previous sessions. “The price held this support area between 15.5 cents and 16.8 cents as standard Fibonacci support in a wave four,” he noted, adding that the bounce has already satisfied the “bare minimum” requirement for a fifth-wave launch. The analyst’s near-term pivot (1-hour chart) remains the $0.18 line—exactly the 50 percent retracement of the late-April impulse. “As long as we’re holding above $0.18, there’s absolutely no sign of a top,” MCO said, stressing that a decisive break below that threshold would force a reassessment of the intraday pattern and shift focus back to the 6 May swing low. He described $0.18 as the level that “allows for continuation, direct upside continuation, in an upside impulse.” Related Reading: 72% Of Binance Traders Go Long On Dogecoin, What Does This Mean For Price? So far, Dogecoin’s latest push has only retested the 30 April high near $0.193, leaving the fifth wave “not healthy enough to really be considered a fifth wave that’s already completed.” The analyst therefore expects at least “one or two Fibonacci levels above where the third wave topped,” singling out the 123.6 percent, 138.2 percent and 161.8 percent extensions as conventional zones that would validate a properly extended fifth wave. The ideal target area thus begins fractionally above $0.193 and could stretch into the low-20-cent range if momentum remains intact. MCO also mapped out the contingency in which the market loses the $0.18 floor. Provided the resulting retracement stays corrective and, critically, holds above the 6 May low at $0.163, he would view the setback as the “B-wave pullback” within a broader “wider ABC structure” that ultimately propels Dogecoin to fresh cycle highs. “That would allow for a wider ABC structure… and the B-wave pullback could just be corrective but must hold above this 6 May low,” he explained. Related Reading: Dogecoin ‘Looks Incredible Here,’ Says Crypto Analyst — Here’s Why While the current segment concentrated on the micro-structure—whether the fifth wave finishes in a single thrust or morphs into a more complex ABC variant—the analyst reiterated that none of the outlined scenarios negate the larger bullish thesis so long as the $0.155 to $0.168 macro support band survives. That framework still culminates in a wave count that projects Dogecoin toward the psychologically important $0.60-cent region once the full higher-degree impulse cycle unfolds. For now, the analyst’s dashboard remains straightforward: above $0.18, the burden of proof lies with bears; below it, the market will probe whether the corrective downswing is merely the prelude to the next—and potentially decisive—rally leg. As MCO concluded, “A direct move up remains the expectation […] but a break below will then, you know, force that discussion.” At press time, DOGE traded at $0.205. Featured image created with DALL.E, chart from TradingView.com

Key Takeaways: Airbnb co-founder Joe Gebbia leads DOGE team in digitizing U.S. retirement system. OPM ends 65+ years of paper-based processing, cutting average retirement wait time by over 75%. The initiative marks one of the fastest digital transformations in U.S. federal history. After decades of failed attempts to modernize retirement services, the U.S. Office of…
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Bitcoin crossed the $100,000 mark again on May 8 as institutional investors continue stacking sats.Farside Investors’ data shows that spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded cumulative net inflows of $142.3 million on May 7, in a sign of “sustained institutional interest,” according to the founder of Obchakevich Research, Alex Obchakevich.“These inflows indicate the activity of institutional investors, including hedge funds and asset managers, who continue to accumulate BTC through regulated instruments,“ he said.The ARK 21Shares Bitcoin ETF (ARKB) led with $54 million in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) at $39 million and BlackRock’s iShares Bitcoin Trust (IBIT) at $37 million. Data from Arkham Intelligence shows BlackRock acquired more than 86 Bitcoin worth $8.4 million in a single transaction on May 7. 24-hour Bitcoin price chart. Source: CoinMarketCapRelated: Bitcoin price reclaims $100K for first time since JanuaryETF inflows show bullish momentumOn May 8, Bitcoin ETFs saw over $117 million worth of inflows, this time led by IBIT with $69 million, followed by FBTC with $35 million and ARKB with $13 million. Obchakevich also pointed to the strengthening correlation between Bitcoin and tech stocks. “BTC correlation with the Nasdaq was 0.75, indicating the influence of sentiment in the tech market,” he said, adding:“The positive movement of the Nasdaq on May 8–9 supported BTC, which led to growth above $100,000.“Obchakevich said the positive trend goes as far back as May 2, when IBIT inflows were as high as $675 million. He said that a continuation of this trend was the most likely outcome:“The trend of institutional buying was likely to continue on May 8-9, unless there were sharp macroeconomic or geopolitical shocks.”Related: Bitcoin options could pave the path for new BTC price highs — Here is howGrayscale Bitcoin Trust plays by different rulesObchakevich explained that “the absence of significant outflows in key ETFs other than Grayscale Bitcoin Trust (GBTC) supports the hypothesis that the whales and funds remain bullish.” GBTC outflows, he said, are justified by different factors.Obchakevich said GBTC outflows “are of particular importance because it is the largest Bitcoin ETF, and its high fees ~1.5% are driving investors to switch to cheaper alternatives, which affects the price of Bitcoin and market dynamics.” According to the analyst, GBTC outflows are caused by “a combination of factors starting with tariffs, the political crisis, and the conflict between Pakistan and India.” He added:“The GBTC outflow is related to these factors as investors are not confident in the stability of GBTC.“Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K

Ripple’s $25 million donation to a crypto education fund has reignited conversations about how blockchain projects are building influence through academia—but in the latest episode of Byte-Sized Insight, Animoca Brands’ co-founder Yat Siu says that money alone isn’t enough. Instead, real-world use cases like student loans backed by DeFi may be crypto’s most convincing value proposition to date.DeFi student loansOn April 30th, Pencil Finance, a project supported by Animoca Brands and its education arm Open Campus, announced a $10 million student loan financing initiative aimed at providing cheaper, blockchain-backed loans. Siu believes this type of infrastructure investment goes further than symbolic funding.“What our industry needs a lot more is these kinds of positive-sum use cases that everyone else understands,” Siu said in the interview. “If students can receive better, cheaper and more effective opportunities and interest rates through crypto student loans, what happens? They’re going to be more pro-crypto.”Related: The Giving Block starts disaster fund for California wildfire victimsUnlike a one-time donation, the Pencil Finance model integrates crypto directly into the financing mechanism—leveraging blockchain rails to make lending more transparent, efficient, and accessible.“While money has influence, it doesn’t necessarily change the system for the better per se. The technology… actually provides a way we can onboard people into that.”Crypto in the classroomSiu said the crypto industry still suffers from a perception problem, especially among those unfamiliar with financial tools or blockchain-native culture. That’s why educational use cases need to move beyond highbrow NFT art or meme coins and offer something universally relatable.“When you’re sitting at the table and someone’s saying, ‘What is crypto really good for?’—what do we say?” he asked. “Memecoins? Or do we say student loans? That’s something everyone understands.”Siu also emphasized the long-term impact of onboarding students early—both for growing crypto literacy and building a foundation for adoption. “You want to onboard them at the earliest levels and let them understand what’s going on,” he said. “That’s what Apple did with education discounts. It wasn’t about profit at first—it was about future influence.”Ripple’s donation may be a step forward for awareness and much-needed funding support in the education sector, but Animoca’s approach aims to make crypto indispensable, not just visible, in education systems around the world.“We have to show what [crypto] is good for. We’ve got to start from the grassroots.”Listen to the full episode of Byte-Sized Insight for the complete interview on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows! Magazine: 6 Questions for Alex Wilson of The Giving Block