Michael Nadeau: Crypto’s correlation with the Nasdaq is at an all-time high, the AI boom is driving current price trends, and understanding market bubbles is crucial for investors | Bankless

Elliptic raised $120M at a $670M valuation as Deutsche Bank, Nasdaq and JPMorgan bankroll blockchain surveillance tools amid surging crypto crime and regulatory heat. Blockchain analytics and compliance firm Elliptic has secured a $120 million funding round at a $670…

The funding highlights the increasing institutional focus on robust compliance systems, crucial for the evolving digital asset landscape. The post Elliptic lands $120 million funding round backed by JPMorgan, Deutsche Bank, and Nasdaq appeared first on Crypto Briefing.

The post Trading expert sets date when Micron stock will hit $3,000 appeared on BitcoinEthereumNews.com. Following its explosive rally in 2026, semiconductor giant Micron Technology (NASDAQ: MU) could still have substantial upside ahead, with a trading expert projecting the stock may surge toward $3,000 over the next few years. In a TradingView analysis published on May 11, technical analyst TradingShot argued that Micron is following a long-term chart structure similar to the company’s historic rally during the late 1980s and 1990s technology boom.  According to the analyst, the stock appears to be entering a temporary “pause phase” before another major breakout. MU stock price analysis chart. Source: TradingView The analysis noted that Micron has maintained a strong uptrend since rebounding from its April 2025 lows near the monthly 100-period moving average.  TradingShot said the current setup mirrors the company’s historic post-IPO advance, which featured repeated cycles of sharp ra

The post Hyperliquid: 21Shares HYPE ETF debuts as whale activity surges 272% appeared on BitcoinEthereumNews.com. The U.S. market is ready for its first spot Hyperliquid [HYPE] ETF.  The asset manager 21Shares announced that its HYPE ETF (THYP) would debut today, the 12th of May, on Nasdaq with an annual management fee of 0.30%.  Effectively, the product would allow institutions and broader Wall Street to gain exposure to the booming crypto and tokenized perps segment. The hot sector is currently dominated by Hyperliquid DEX (decentralized exchange).  Last month, Bitwise and Grayscale updated their spot HYPE ETF filing, further indicating that these two products could also hit the market soon. It remains to be seen how Wall Street will react to the altcoin.  Phantom’s Hyperliquid integration hit $20M in revenue  Separately, Hyperliquid’s integration, especially with wallets such as Phantom, has begun to bear fruit. Like Phantom and MetaMask, Rabby also uses Hyperliquid to power its in-

Cleanspark reported a $378.3 million net loss for its second fiscal quarter ended March 31, 2026, as a $224.1 million non-cash loss on bitcoin fair value weighed heavily on results even as the company expanded its hashrate and power capacity. Cleanspark Posts $378M Loss in Q2 as Bitcoin Fair Value Swing Hits Results Cleanspark’s (Nasdaq: […]

Strategy’s potential BTC sale has sharpened debate over its bitcoin treasury model after a roughly $12.5 billion quarterly net loss. The company holds 818,869 bitcoin, worth about $67 billion, as investors assess dividends, liquidity, and preferred obligations. Strategy’s Potential BTC Sale Changes the Treasury Debate Strategy (Nasdaq: MSTR) reported first-quarter 2026 results that drew fresh […]

The post Sui Surges 50% on Institutional Interest and Stablecoin Push appeared on BitcoinEthereumNews.com. Sui network’s native token, SUI, has climbed 50% over the past seven days after a Nasdaq-listed company staked a large portion of the token’s supply and developers announced upcoming features, including zero-fee stablecoin transfers and private transactions.  SUI traded around $0.94 on May 4 before climbing to $1.41 on Sunday, according to CoinGecko. Over the same timeframe, trading volume surged from more than $213 million to over $2.5 billion.  Ryan McMillin, co-founder and chief investment officer of Australian crypto investment manager Merkle Tree Capital, told Cointelegraph the rally has likely been driven by multiple reinforcing catalysts. He pointed to a “meaningful supply squeeze” as the “clearest near-term trigger” after Nasdaq-listed SUI Group Holdings revealed Friday that its entire SUI treasury of more than 108 million tokens, worth over $143 million, has been staked.

Market volatility underscores investor anxiety over AI profitability, geopolitical tensions, and mixed tech earnings, impacting future confidence. The post US stocks open lower as Dow, S&P 500, and NASDAQ all slide into the red appeared first on Crypto Briefing.