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Solana Mobile Seeker Price Prediction 2026–2032: Can SKR Token Sustain the Bullish Surge?
Key takeaways : Our Solana Mobile Seeker price prediction anticipates a high of $0.030441 by the end of 2026. In 2028, it will range between $0.054118 and $0.064265, with an average price of $0.059191. In 2032, it will range between $0.121765 and $0.131912, with an average price of $0.126839. SKR’s strategic launch has successfully captured substantial market liquidity, driving up its Total Value Locked (TVL) to $152 million. SKR is created by Solana Mobile Inc., which is a direct subsidiary of Solana Labs (the core team that built the Solana blockchain). SKR is the native token of Solana Mobile, which promotes an open mobile ecosystem that enables developers to launch Web3 apps, bypassing traditional app store gatekeepers. The Solana dApp Store 2.0 (which just fully launched with the Seeker) is specifically designed to have 0% fees for developers. Unlike Apple or Google, which takes a 30% cut. SKR’s direct link to the Seeker smartphone and its decentralized platform is going to play an important role in the future growth of the token with the help of the larger community and user participation in the ecosystem’s design and development. But how about SKR’s performance? How high will it go? Is SKR a good investment? Let’s explore these questions in our SKR token price prediction from 2026 to 2032. Overview Cryptocurrency Solana Mobile Seeker Symbol SKR Current price $0.0163 (-1.83) SKR crypto market cap $86.06M Trading volume $6.07M Circulating supply 5.26B SKR All-time high $0.060 on Jan 22, 2026 All-time low $0.005423 on Jan 21, 2026 24-hour high $0.01689 24-hour low $0.01631 SKR price prediction: Technical analysis Metric Value Volatility (30-day variation) 4.85% (High) 50-day SMA $0.01719 200-day SMA NO DATA Current SKR crypto sentiment Bearish Green days 13/30 (43%) Fear and Greed Index 48 (Neutral) SKR price analysis TL;DR Breakdown Seeker price analysis confirms a bullish trend at $0.0163. The token gained 1.83% in value today. SKR faces resistance at $0.0181. As of May 12, 2026, Solana Mobile Seeker (SKR) is trading near $0.0163, signaling that the coin is retracing following some significant recoveries. The coin still reports gains of 54% since its launch, but its value decreased by 1.83% over the past 24 hours, as selling pressure seems to be present around the immediate resistance levels. Additionally, SKR’s trading volume also decreased by 19.66% today. SKR price analysis on the daily timeframe SKR/USD 1-day price chart. Source: tradingView SKR surged to $0.0169 once again on May 8, and the buying momentum continued for the next few trading sessions, taking the token further higher. The selling pressure arose yesterday when the coin touched $0.0171, and it has corrected to $0.0163 today. Overall, SKR has decreased by 1.83% during the past 24 hours, despite the previous bullish trend. Market conditions still warrant caution for bullish traders, as the token may continue to correct below its current price channel. SKR price analysis on the 4-hour chart SKR/USD 4-hour price chart. Source: tradingView The SKR token price analysis shows that selling pressure is present for the cryptocurrency, as it is now slowly retracing. Its price further decreased to $0.0163 over the past few hours, and the volatility also seems to be low on the 4-hour chart, with immediate resistance present at $0.0167. SKR technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 0.01699 SELL SMA 5 0.01669 SELL SMA 10 0.01642 SELL SMA 21 0.01636 SELL SMA 50 0.01719 SELL SMA 100 0.01962 SELL SMA 200 NO DATA SELL Daily exponential moving average (EMA) Period Value ($) Action EMA 3 0.01694 SELL EMA 5 0.01678 SELL EMA 10 0.01659 SELL EMA 21 0.01660 SELL EMA 50 0.01756 SELL EMA 100 0.01983 SELL EMA 200 NO DATA NO DATA What to expect from SKR price analysis next? The daily price analysis for the SKR/USD pair presents a bearish trend. Market activity mostly remained in a downward direction during the past 24 hours, creating unfavorable circumstances for investors. A successful hold above the $0.0150 level may clear a path back toward the $0.028 high. On the other hand, a break below $0.0135 may pull the price back to the $0.0110 zone. Why is SKR down? Solana Mobile’s SKR token initially moved sharply higher, driven by strong buying demand. However, data from Stockchain reveals that ‘smart money’ has begun offloading significant portions of their holdings. This shift suggests that while retail investors initially absorbed the selling pressure, some whales are now exiting their positions. However, the support present at the bottom of the current price channel seems to be holding up nicely, but the coin now reports losses of 1.83% over the past 24 hours. Is SKR a good investment? SKR is directly linked to Solana’s Seeker smartphone and its decentralized mobile platform. SKR also serves as a governance and utility token for the platform. The token’s design prioritizes security, scalability, and reliability, allowing builders and users to share greater ownership. Bringing hardware partners and developers together will also help the Solana mobile adoption. Token holders’ voting power is also an important aspect in how the Seeker ecosystem evolves in the future, as it involves users in decision-making, user rewards, and the management of community funds. A major reason behind SKR’s sudden ascent was the massive airdrop distribution along with its launch across several tier 1 exchanges. On January 21st, nearly 2 billion SKR tokens were distributed among 100,908 eligible Seeker phone users and 188 early ecosystem developers. The current trend is bullish for the Solana-backed SKR, and predictions also paint a positive narrative. Will SKR token reach $0.05? Yes, the SKR token will rise above $0.05 in 2028. The move will come as the market moves toward new highs with the expansion of the Seeker platform, which will have a positive impact on future results. Will SKR token reach $0.10? Per the Cryptopolitan price prediction, Solana Mobile’s token will reach the $0.10 mark in 2031, as the Solana Mobile ecosystem is expected to grow. The token’s future price outlook will be positively influenced by the performance of the Seeker smartphone platform as Solana mobile adoption grows. Will SKR token reach $0.30? Per the Cryptopolitan price prediction, it remains unlikely that SKR token will get to $0.30 before 2032. What is the long-term price prediction for SKR? According to Cryptopolitan price predictions, Solana Mobile Seeker (SKR) will trade higher in the years to come, as the Seeker users increase and the Solana Mobile ecosystem evolves. SKR initially became one of the largest gainers among the top 500 crypto coins by market cap, surpassing a fully diluted value (FDV) of over $400 million in just a single day. A similar situation can arise again. Seeker adoption is also expected to increase over time. However, factors like market crashes or difficult regulations could invalidate this bullish theory. How high can SKR coin go? Per the Cryptopolitan price prediction, SKR will reach a high of $0.131912 in 2032. However, this is not investment advice, and thorough research is advised before making any investment decisions. Recent news/opinions on the Solana Mobile Seeker Solana Mobile launches a limited time offer for Seeker phone purchases paid in SKR tokens, giving buyers a gift code for a free second device. Standard warranty applies to all the devices under the promotional scheme, and the gift code expires May 31st. All the SKR generated from the sale will go back to the future airdrops. For a limited time: BOGO Seekers when you pay with SKR through May 10th 📱📱 Buy a Seeker with SKR and gift one to a friend for free. Help grow the Seeker family 🧵 pic.twitter.com/IQdlfhtbZr — Seeker | Solana Mobile (@solanamobile) April 30, 2026 Cryptopolitan reported that the Solana Mobile Seeker (SKR) has become the largest gainer among the top 500 crypto coins by market cap, surpassing a fully diluted value (FDV) of over $400 million in just a single day. A major reason behind SKR’s sudden ascent is the massive airdrop distribution along with its launch across several tier 1 exchanges. On January 21st, nearly 2 billion SKR tokens were distributed among 100,908 eligible Seeker phone users and 188 early ecosystem developers. SKR price prediction May 2026 The SKR price forecast for May is a maximum price of $0.0242 and a minimum price of $0.0145. The average price for the month will be $0.0170. Month Potential low ($) Potential average ($) Potential high ($) May 0.0145 0.0170 0.0242 SKR price prediction 2026 For 2026, SKR’s price will range between $0.0138 and $0.030441. The average price for the period will be $0.025368. Year Potential low ($) Potential average ($) Potential high ($) 2026 0.0138 0.025368 0.030441 SKR price prediction 2027-2032 Year Potential low ($) Potential average ($) Potential high ($) 2027 0.037206 0.04228 0.047353 2028 0.054118 0.059191 0.064265 2029 0.07103 0.076103 0.081177 2030 0.087942 0.093015 0.098089 2031 0.104854 0.109927 0.115001 2032 0.121765 0.126839 0.131912 SKR price prediction 2027 The Seeker SKR price prediction estimates it will range between $0.037206 and $0.047353, with an average price of $0.04228. SKR price forecast 2028 SKR coin price prediction climbs even higher into 2028. According to the predictions, SKR’s trading price will range between $0.054118 and $0.064265, with an average price of $0.059191. SKR token price prediction 2029 Our analysis indicates a further acceleration in SKR’s price. It will trade between $0.07103 and $0.081177, with an average price of $0.076103. SKR price prediction 2030 According to the SKR token price prediction for 2030, the SKR future price will range between $0.087942 and $0.098089, with an average price of $0.093015. Solana Mobile Seeker token price prediction 2031 According to the price prediction for 2031, the SKR token will range between $0.104854 and $0.115001, with an average price of $0.109927. SKR price prediction 2032 The Solana Mobile Seeker price prediction for 2032 is a high of $0.131912. It will reach a minimum price of $0.121765 and an average price of $0.126839. Solana Mobile Seeker (SKR) price prediction 2026-2031. Source: Cryptopolitan SKR market price prediction: Analysts’ SKR price forecast Platform 2026 2027 Digitalcoinprice $0.0171 $0.0122 Coincodex $0.01580 $0.02925 Cryptopolitan’s SKR price prediction Our predictions indicate that SKR will reach a high of $0.030441 by the end of 2026. In 2028, it will range between $0.054118 and $0.064265, with an average of $0.059191. In 2032, it will range between $0.121765 and $0.131912, with an average price of $0.126839. Note that the predictions are not investment advice. Seek independent professional consultation or do your research. SKR historic price sentiment Solana Mobile Seeker price history | Coingecko Solana Mobile Seeker, or SKR, was launched on January 21, 2025, with total supply locked at 10 billion SKR. Nearly 2 billion SKR tokens were distributed among 100,908 eligible Seeker smartphone users and 188 early ecosystem developers through the SKR token airdrop. This also helped prevent airdrop selling by rewarding the early participants. The Solana Mobile SKR airdrop accounts for 20% of the total supply. SKR went live with a base price of $0.0054. SKR’s strong price rally quickly took it to $0.022 and closed the day at $0.021, with 24-hour trading volume exceeding $38 million, becoming the largest gainer among the top 500 coins by market cap. On January 22, 2026, SKR was trading near the $0.045 range; while the broader cryptocurrency industry was grappling with heavy corrections, SKR was enjoying strong bullish sentiment. However, the token price decreased to $0.020 in March and is trading near $0.016 in May.

2026-05-12 13:51
Celestia price prediction 2026-2032: Will TIA lead the altcoin rally in 2026?
Key Takeaways : The Celestia price prediction for 2026 suggests a maximum price of $1.5. By 2029, TIA could attain a maximum price of $4.48. In 2032, the TIA price forecast expects a maximum price of $7.53. Celestia generated significant interest before its October 2023 launch. This was largely due to the strong backing from major crypto exchanges from the outset and the intriguing technical concepts behind the Celestia modular blockchain network. In this article, we’ll provide a Celestia price prediction, analyze the factors driving these projections, and explore what the Celestia modular blockchain network brings to the broader crypto landscape. Overview Cryptocurrency Celestia Token TIA Price $0.455 (+3%) Market cap $289 million Trading volume (24-hour) $26 Million Circulating supply 889 Million TIA All-time high $20.91; Feb 10, 2024 All-time low $0.3166; Oct 11, 2025 24-hour high $0.375 24-hour low $0.34 TIA price prediction: Technical analysis Metric Value Current Price $0.455 Price Prediction $ 0.3366 (-25.27%) Fear & Greed Index 48 (Neutral) Sentiment Neutral Volatility 9.91% (High) Green Days 15/30 (50%) 50-Day SMA $ 0.3412 200-Day SMA $ 0.4927 14-Day RSI 73.57 (Overbought) TIA price analysis: TIA price faces bullish pressure toward $0.46 TIA price analysis shows bullish pressure toward $0.46 Resistance for TIA is present at $0.4656 Support for TIA/USD is present at $0.4411 The TIA price analysis for May 12 confirms that TIA is witnessing bullish volatility toward the $0.46 level. Currently, buyers are controlling the price chart as they push the price toward resistance channels. TIA price analysis 1-day chart: TIA price faces buying pressure toward $0.46 Analyzing the daily Celestia price chart, TIA price is facing rising buying momentum as buyers pushed the price above $0.45 level. The recent buying pressure triggered strong liquidation among sellers today. The 24-hour volume surged to $7.9 million, showing a slight increase in trading activity today. TIA is trading at $0.46, surging by over 3% in the last 24 hours. TIA/USD chart. Image source: TradingView The RSI-14 trend line has surged from its previous level and hovers around overbought 72-level, showing that buyers are controlling the momentum. The SMA-14 level suggests lower volatility for the next few hours. TIA/USD 4-hour price chart: Bears aim for a hold below moving averages The 4-hour TIA price chart suggests TIA continues to experience bullish volatility around $0.45, creating a positive sentiment on the price chart. Currently, bears aim for a strong domination as the price prepares for a hold below EMA lines. TIA/USD chart. Image source: TradingView The BoP indicator is bullish at 0.53, suggesting that sellers are trying to build pressure near support levels and boost downward correction. However, the MACD trend line has formed red candles below the signal line, and the indicator aims for negative momentum, strengthening selling positions. Celestia price prediction: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 0.4461 BUY SMA 5 $ 0.4229 BUY SMA 10 $ 0.3889 BUY SMA 21 $ 0.3740 BUY SMA 50 $ 0.3412 BUY SMA 100 $ 0.3387 BUY SMA 200 $ 0.4927 SELL Daily exponential moving average (EMA) Period Value Action EMA 3 $ 0.4406 BUY EMA 5 $ 0.4260 BUY EMA 10 $ 0.4030 BUY EMA 21 $ 0.3805 BUY EMA 50 $ 0.3608 BUY EMA 100 $ 0.3953 BUY EMA 200 $ 0.6239 SELL What to expect from TIA price analysis next? The hourly price chart confirms that bears are making efforts to prevent TIA prices from an immediate surge. However, if the TIA price successfully breaks above $0.4656, it may surge higher and touch the resistance at $0.4802. TIA/USD chart. Image source: TradingView If bulls cannot initiate a surge, the TIA price may drop below the immediate support line at $0.4411, resulting in a correction to $0.4270. Is TIA a good investment? Celestia and modular rollups enhance Ethereum ‘s performance and expansion, impacting the competition among L1 public chains. Public chains like BNB Chain and Celo opt to integrate with Ethereum as L2 Rollups due to liquidity and cost advantages. Celestia’s scalability and user-friendly design make it an appealing choice for developers, offering additional scalability to the blockchain ecosystem. Why is the TIA price up today? TIA’s price is attempting to hold above $0.455 as buyers gain confidence, resulting in an upward push. Will the TIA price reach $100? Depending on the current market sentiment and buying demand, we might see TIA’s price touching the $100 milestone in the coming years. According to our prediction, the TIA price might hit the $100 mark in 2030. Will the TIA price reach $1,000? If the altcoin market remains robust in the coming years and Celestia develops more user-friendly utilities, its price might surpass $1K. Is TIA a good long-term investment? Yes, TIA is a good long-term investment option. As buyers’ interest grows and the network expands, we might see profitable returns. It is advised to do your own research and conduct investment advice before investing in the volatile crypto market. Recent news/opinions on TIA On April 1, Celestia released 175.6M TIA (~$52.6M, 17.2% supply). With early investors holding very low-cost tokens, strong selling pressure is likely. Celestia price prediction May 2026 The crypto market has been surging over the last few weeks, with BTC price aiming for $90K now. In May, we expect the TIA price to record a minimum of $0.35 and a maximum of $0.5, with an average of $0.44 in May. Celestia Price Prediction Potential Low Potential Average Potential High Celestia Price Prediction May 2026 $0.35 $0.44 $0.5 Celestia price prediction 2026 Considering the current adoption of the crypto market and strong institutional interest, Celestia network might experience a growing adoption of modular blockchain technology. Hence, the outlook appears positive for the year ahead. Based on a deep technical analysis of past TIA price data, the price of Celestia is predicted to reach a minimum level of $0.2, a potential maximum of $1.5, and an average trading price of $1.3 in 2026. Celestia Price Prediction Potential Low Potential Average Potential High Celestia Price Prediction 2026 0.2 1.3 1.5 Celestia price prediction 2027-2032 Year Minimum Price ($) Average Price ($) Maximum Price ($) 2027 1.8 2.54 2.59 2028 2.96 3.33 3.57 2029 3.87 4.46 4.48 2030 3.98 4.99 5.2 2031 4.77 5.2 5.48 2032 6.78 7.41 7.53 Celestia price prediction for 2027 According to price forecast and technical analysis, Celestia’s price is forecasted to range from a minimum of $1.8 to a maximum of $2.59 in 2027, with an average trading price of $2.54. Celestia price prediction 2028 Based on deep technical analysis, the price of Celestia in 2028 is forecasted to range from a minimum of $2.96 to a maximum of $3.57, with an average trading value of $3.33. Celestia price prediction 2029 The price of Celestia is forecasted to reach a minimum level of $3.87 in 2029. Additionally, the TIA price could reach a maximum level of $4.48, with an average forecast price of $4.46. Celestia price prediction 2030 In 2030, the price of Celestia is predicted to range from a minimum of $3.98 to a maximum of $5.2, with an average trading price of $4.99. Celestia (TIA) price prediction 2031 According to the forecast and technical analysis, the price of Celestia in 2031 is expected to range from a minimum of $4.77 to a maximum of $5.48, with an average value of $5.20. Celestia price prediction 2032 In 2032, the price of Celestia is predicted to range from a minimum of $6.78 to a maximum of $7.53, with an average trading price of $7.41. TIA price predictions 2026-2032 Celestia price prediction: Analysts’ TIA price forecast Firm Name 2026 2027 Coincodex $1.68 $1.38 DigitalCoinPrice $1.06 $1.5 Cryptopolitan’s Celestia (TIA) price prediction Based on recent market fluctuations and community hype, our analysis of TIA’s upcoming price targets is bullish. Based on a deep technical analysis of past TIA price data, the price of Celestia is predicted to reach a minimum level of $0.2, a potential maximum of $1.5, and an average trading price of $1.3 in 2026. Celestia (TIA) historic price sentiment Celestia price history Token entered the market on October 31, 2023, at $2.10. Entered the bullish phase on November 10 and peaked at $7.38 on November 18. The price declined due to Binance’s fine news, hitting $5.30 by November 27. Reached an all-time high of $15.14 on December 24. Closed the year at $11.86. Dropped to $16.23 on March 11, 2024. Over the last few weeks in May, the price has declined below $10. However, due to Bitcoin’s robust comeback, TIA’s price recently regained the $10 mark. TIA price declined steeply following Bitcoin’s decline toward $50K in June and recent days of July. This plunged the TIA price below $5. In recent weeks of August, the price of TIA has been declining heavily, dropping below $4.2. In September and October, the price of TIA witnessed massive fluctuation as it hovered between $3.5 and $6.8. In November, the price of TIA faced increasing buying demand as its price got pushed toward $9. In December, the price of TIA declined heavily as it closed 2024 below $5. In January of 2025, TIA price dropped further as it recorded a low near $3.8. In February, TIA crashed further and reached a low at around $2.3. In March, the price of TIA again faced a correction and dropped toward $2.8; however, it later recovered. By the end of April, the price of TIA surged toward $3. In May, TIA surged toward $3.4 but failed to maintain momentum. As a result, the price dropped toward $2 in early June. By the end of June, TIA price declined toward $1.3. In July, the price of TIA surged toward $2.3 but declined later toward $1.6 in early August. By the end of August, TIA price declined below $1.5. In September’s end, the price of TIA continued to consolidate below $1.5. In September, the price of TIA dropped significantly and touched a low below $1 in early November. By the end of November, TIA dropped toward $0.6. TIA price ended December 2025 at $0.45. However, its price made a surge toward $0.6 in early January of 2026. In February, the price of TIA dropped heavily and touched a low around $0.3. By the end of March, TIA hovered around $0.3. In April, TIA price surged toward $0.43.

2026-05-12 10:51
OpenAI to save $97 billion through 2030 under renegotiated Microsoft deal, report says
OpenAI stands to save roughly $97 billion in payments to Microsoft through 2030 under the partnership renegotiated last October, according to Monday reports. The figure quantifies the financial impact of changes both companies announced on October 28, 2025, when OpenAI completed its restructuring into a public benefit corporation controlled by its nonprofit foundation. Under the original agreement, OpenAI had committed to paying Microsoft 20% of its revenue through 2030. That obligation could have totaled as much as $135 billion. The renegotiated terms cap the revenue-sharing payments and decouple them from artificial general intelligence milestones that previously could have triggered larger payouts. OpenAI cuts Microsoft’s revenue share OpenAI Chief Financial Officer Sarah Friar has told investors the company expects to share roughly 8% to 10% of revenue with all commercial partners combined, including Microsoft, by 2030, down from 20% today. The reduction reflects two structural changes: a lower percentage rate and a hard cap on total payments. The previous agreement also included an AGI clause that could have sharply altered the financial structure if an independent panel determined OpenAI had achieved artificial general intelligence (AGI). Under the renegotiated terms, AGI verification still ends Microsoft’s research IP rights but no longer triggers revenue-share escalation. As Cryptopolitan reported last October, the restructuring gave Microsoft a 27% stake in OpenAI Group PBC valued at approximately $135 billion. OpenAI committed to purchasing $250 billion in Azure cloud services in exchange. Microsoft retains IP access through 2032. OpenAI opens the door to AWS and Google Cloud The renegotiated deal ended Microsoft’s exclusive right to provide cloud computing services to OpenAI. OpenAI products will still launch first on Azure “unless Microsoft cannot and chooses not to support the necessary capabilities,” per the company’s announcement. But OpenAI can now sell models and enterprise services through Amazon Web Services and Google Cloud. The shift has already produced friction. The Financial Times reported in March that Microsoft was considering legal action against Amazon and OpenAI over a $50 billion deal that gave AWS exclusive third-party cloud rights for OpenAI’s Frontier enterprise AI platform. Microsoft’s position is that the partnership requires OpenAI’s API products to run through Azure. OpenAI argues Frontier qualifies as a non-API product and can be hosted elsewhere. Microsoft trades revenue share for equity and access Microsoft no longer receives a reciprocal revenue share from OpenAI under the new structure. The 27% equity stake, the $250 billion Azure commitment, and the IP access through 2032 are the company’s primary returns. Wedbush analyst Dan Ives described the restructuring as “a net positive for Microsoft” because the agreement “locks in a 6-year IP control over OpenAI technology” while removing uncertainty around the long-running partnership structure. The Financial Times has also reported that Amazon discussed investing as much as $50 billion into OpenAI as part of a broader strategic partnership, suggesting the cloud diversification is reshaping investor positioning beyond Microsoft. OpenAI is preparing for a possible IPO in the fourth quarter. The removal of Azure exclusivity and the AGI-triggered payment escalation were among the structural obstacles to a public listing, per Ives. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

2026-05-12 08:33
Democrats Demand Subpoenas Over Suspicious Iran War Bets on Prediction Markets
A letter from seven House Democrats was sent to House Oversight Chair James Comer on Monday that urged for subpoena power to dig into a number of suspiciously timed trades on prediction markets tied to U.S. military operations in Iran. In a growing effort to crackdown on prediction markets, this latest letter is yet another push from Congress to bring platforms like Polymarket and Kalshi under direct investigative scrutiny. The lawmakers cited a CNN report from March detailing how a single Polymarket trader raked in close to $1 million with a 93% success rate on wagers predicting unannounced U.S. and Israeli strikes against Iran. That trader placed bets hours before operations in October 2024, June 2025 and February 2026. A separate cluster of 38 accounts netted over $2 million on the February 28 strikes alone after being preloaded with funds the week prior. At least 50 newly created accounts also placed coordinated bets on a U.S.-Iran ceasefire on April 7, with some accounts opened just minutes before the announcement went public. The Van Dyke Arrest Set the Stage The letter directly references the April arrest of U.S. Army Master Sgt. Gannon Van Dyke , who was charged with using classified information about the Maduro capture mission to place bets on Polymarket. Israeli authorities have also indicted two individuals, including a military reservist, for placing Iran-related bets using classified intelligence. The Van Dyke case was just the start and it has given Congress a criminal precedent to point to. The Democrats are now referencing this case as a broader, systematic problem rather than an isolated issue within the prediction markets. Polymarket Global Is the Weak Link The platform that came under scrutiny in the letter was Polymarket Global, the offshore arm of Polymarket that is supposed to be inaccessible to Americans but appears to be easily bypassed via VPNs. The lawmakers wrote that some of the suspicious trades were placed on Polymarket Global specifically, and called out the platform’s failure to enforce meaningful identity verification or block U.S. users. Kalshi, by contrast, operates under CFTC regulation as a designated contract market and requires identity verification. The company has also taken steps to self-police, suspending and fining three political candidates earlier this year for insider trading on their own campaigns. Polymarket is still seeking full U.S. licensure after a Biden-era consent order forced it to geoblock American users, a restriction it partially lifted last November. From Self-Regulation to Subpoenas The escalation in tone from Congress is notable. Last month, the Senate unanimously voted to ban its own members from trading on prediction markets. The White House warned staff against using nonpublic information on financial markets in April. Several bipartisan bills targeting prediction market insider trading have been introduced since March. But the subpoena demand takes this a step further. Voluntary bans and self-imposed platform guardrails are one thing. Congressional subpoena authority is something else entirely and could force platforms to hand over trading data, account records and internal compliance logs. The lawmakers have asked Comer to outline the committee’s planned approach by May 22. Whether the Republican chair acts on the request remains to be seen, but the political pressure is building fast. Prediction markets spent a combined $975,000 on federal lobbying in 2025. They may need to spend a lot more in 2026. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

2026-05-12 08:32
Microsoft aimed for $92B return on OpenAI investment, Nadella says
A January 2023 memo from Microsoft President Brad Smith to the company’s board projected a $92 billion return on Microsoft’s cumulative $13 billion investment in OpenAI, according to court documents disclosed Monday, May 11. The figure surfaced during testimony by Microsoft CEO Satya Nadella at the federal courthouse in Oakland, California, per Bloomberg . “It has worked out well because we took the risk,” Nadella told the jury. Microsoft’s 27% stake in OpenAI is now estimated at $135 billion. OpenAI was last valued at $852 billion following its $122 billion March funding round. Nadella saw OpenAI as a Microsoft-scale threat Under questioning from Musk’s lead trial attorney Steven Molo, Nadella confirmed he had drawn a historical parallel to Microsoft’s early PC partnership with IBM as the company prepared its $10 billion follow-on investment in OpenAI in April 2022. In an internal email presented as evidence, Nadella wrote he did not want Microsoft to become IBM while OpenAI became the next Microsoft. The email captures the strategic calculation behind Microsoft’s bet: avoid the trap of being the infrastructure partner who lets a startup capture all the upside. Microsoft’s investment timeline: $1 billion in 2019, doubled in 2021, then $10 billion in early 2023. The 2023 round is what the Brad Smith memo projected would return $92 billion. Musk argues Microsoft helped redirect OpenAI’s mission As Cryptopolitan reported , Musk’s attorneys called Nadella as their first witness Monday. The strategy is to use Microsoft’s own internal documents to show the company knowingly steered OpenAI toward profit despite its nonprofit charter. Musk seeks $79 billion to $134 billion in damages. Under cross-examination, Nadella acknowledged he was not aware of any full-time employees at the OpenAI nonprofit before March 2026, or of any grants, research, or open-sourced technology it had produced. Microsoft attorney Jay Jurata pushed back, walking Nadella through three major Microsoft-OpenAI milestones (the 2019 announcement, the 2020 GPT-3 exclusive license, the 2023 $10 billion investment) and asking each time whether Musk had objected. Nadella said no each time. He noted he and Musk have each other’s phone numbers. The verdict timeline Sam Altman is expected to testify Tuesday or Wednesday. Closing arguments follow. The advisory jury could reach a verdict the week of May 18. Judge Yvonne Gonzalez Rogers makes the final ruling after hearing the jury’s recommendation. She cut Musk’s fraud claims before trial, leaving breach of charitable trust and unjust enrichment as the remaining counts. A ruling for Musk could jeopardize OpenAI’s planned IPO. OpenAI named the lawsuit as a “risk to business” in investor disclosures earlier this year. Greg Brockman, whose stake in OpenAI is valued at $30 billion, testified last week about 2017 diary entries referencing “making money for us.” He also told the court that Musk physically threatened him in 2017 after Musk was denied majority control of OpenAI. Microsoft has denied wrongdoing. OpenAI has called Musk’s case “baseless harassment” tied to xAI, his competing AI venture. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

2026-05-12 07:33
Arthur Hayes says AI will wreck the middle class by US midterms election and send Bitcoin ‘parabolic’
Arthur Hayes on Tuesday warned in his essay “The Butterfly Touch” that AI could become one of the biggest political fights in America before the November midterm elections, especially if rising power costs, job fears, and inflation keep hitting the middle class. Arthur added that Bitcoin is already beginning to price itself accordingly. He pointed out that the bull run is directly connected with the American bombing of Iran that took place on February 28, and that there will be an influx of additional dollars and yuan into the economy, as both America and China continue to invest in data centers, energy, chips, military equipment, and disaster relief infrastructure. Arthur says AI spending will hit voters before the midterms and force more money into Bitcoin According to Arthur , the rise of AI is not simply a passing trend within the world of technology. In fact, he believes that the U.S. and China have begun to see artificial intelligence as a way to gain an advantage over each other through power games, ensuring that both Donald Trump and Xi Jinping continue to fund its development. “The politics in the US will turn very nasty towards AI and inflation going into the November mid-term elections.” Arthur explained that the large software companies financed the initial AI wave with their cash flows. It is not sufficient for the next stage. For the next stage, credit will be required, which means involvement of the Federal Reserve System, the People’s Bank of China, and commercial banks. China has already encouraged banks to move from real estate financing to tech financing. The U.S. also supports data centers and increases electricity production. “Central or commercial banks will provide the capital the tech bros require.” However, according to Arthur, it is beneficial for cryptocurrency since fiat creation continues. Moreover, he claims that AI tools are becoming cheaper; thus, firms are employing more computing power rather than reducing expenses. Arthur named this phenomenon “Jovan’s Paradox.” He also introduced the “Red Queen Effect” to account for rapid growth in artificial intelligence investments: once an enterprise creates a superior model, its competitors react, and yesterday’s expensive computers become obsolete. “There will be vastly more units of fiat tomorrow than today, and the rate of change is accelerating due to rapidly increasing yearly AI and electrification CAPEX expenditures.” Arthur pointed out that AI party would come to an end if the excessive growth of any firm’s initial public offering or mega-mergers exceeds market capacity. In addition, he argued that the candidate of the Democratic Party could strongly criticize artificial intelligence in 2028. They may defend manual work while criticizing the inflation created by data centers. Arthur emphasized that only ten percent of Americans own enough securities to benefit from the AI era. Thus, discontent might grow dramatically when prices increase. Arthur says war, dollar stress, and supply-chain fear will keep liquidity loose Arthur explained that one thing was clear from the Trump-Iran war, which is that many nations relied on American dominance way too much. Rather than putting their resources into concrete assets such as pipeline construction, fuel corridors, food storage, fertilizers, and military defenses, they put all their eggs in the basket of paper money, US Treasury Bonds, US equities, and S&P 500 exposure. “There is no point in owning a US treasury or S&P 500 ETF when you cannot obtain food and energy because of a war you didn’t start and with which you disagree.” Arthur cited Marco Papic of BCA Research, who said the world was built around American power. Marco listed Germany’s weak defense, Gulf energy routes through Hormuz, China’s role in global manufacturing, Australia’s fuel dependence, and Canada’s reliance on US demand as examples of systems built under US protection. “This is a big problem for the rest of the world as the entire planet is – quite literally – wired for American hegemony.” Arthur added that it is possible that some nations may begin to dump dollar assets to finance real security. Such an event can destabilize the US markets because foreign funding assists in financing America’s deficits. In such circumstances, the US government can utilize dollar swap facilities that allow friendly nations to borrow dollars rather than sell their dollar reserves. Moreover, regulatory bodies can relax regulations related to the eSLR requirement, which allows financial institutions to increase investments in Treasuries and stocks with reduced capital. He explained that keeping national funds in dollar reserves started back in the petrodollar age in the 1970s and became more popular after the Asian Financial Crisis of 1997-1998. In his view, today the “just in case” approach dominates instead of the previous “just in time” approach in international trade. Arthur believes that Bitcoin has already beaten gold, the Nasdaq 100, the IGV ETF, and US tech equities since February 28. It is expected that the cryptocurrency has bottomed at $60,000, may rise to $126,000, and the rally may be excessive beyond $90,000 due to covering call sellers. “I have no fucking idea how high Bitcoin can go, but I will take Maelstrom’s portfolio to maximum risk ‌unless anything drastically changes,” said Arthur. The smartest crypto minds already read our newsletter. Want in? Join them .

2026-05-12 06:43
Bank of Japan rate-hike pressure grows as oil shock puts Bitcoin at risk
Bank of Japan board members called for swift interest rate hikes if inflation risks from the Iran war and energy shock persist, raising pressure on Japan’s crypto market. Minutes from the BOJ’s March meeting, released May 7, showed many board members supporting hikes if elevated oil prices continued to feed broader inflation. One member said the BOJ should raise rates “without long intervals.” Another argued for tightening “without hesitation” if the economy avoided major damage from the conflict. The April Summary of Opinions, released May 11, reinforced that tone. One member said the central bank should “act decisively” on further rate increases if price pressures intensify. At its April 27-28 meeting, the BOJ kept its policy rate at 0.75% on a 6-3 vote, with board members Hajime Takata, Naoki Tamura, and Junko Nakagawa pushing for an immediate hike to 1.0%. Why Japan rates are a Bitcoin risk As Cryptopolitan reported in January, Governor Kazuo Ueda has signaled a willingness to keep raising rates as economic activity and inflation strengthen. Every BOJ rate hike since 2024 has triggered sharp Bitcoin selloffs. The July 31, 2024, hike to 0.25% caused the yen to appreciate from 160 to below 140 against the dollar, with Bitcoin falling from $65,000 to $50,000 within a week, a 23% decline. The January 2025 hike to 0.50% drove a 25% to 31% Bitcoin drop over 20 days. Each move unwound yen carry trade positions and forced liquidations across leveraged crypto holdings. Barclays Fixed Income, Forex, and Commodities Research and overnight index swap markets are pricing a 74% probability of a BOJ rate hike at the June meeting. Oil and yen weakness raise BOJ pressure The BOJ sharply raised its FY2026 inflation forecast to 2.8% from 1.9%, citing elevated oil prices from the Iran conflict and continued yen weakness. The growth forecast was lowered to 0.5% from 1.0%. The BOJ projects core inflation near 3% for two consecutive years if oil prices and yen weakness persist. The BOJ might unintentionally fall behind the curve” against inflation risks as the impact of yen depreciation becomes more pronounced. – BOJ Board Member Japan intervened in currency markets in early May to support the yen against the dollar. Analysts remain divided on whether the move can produce lasting effects, given strong structural demand for dollars to purchase oil. June meeting could reset crypto risk The BOJ’s June meeting is the clearest catalyst. With swap markets pricing a hike at 74% probability, any confirmation from officials could accelerate yen strengthening and pressure crypto pairs traded against the yen. The Iran conflict remains the primary driver of the energy shock feeding into BOJ rate calculations. The smartest crypto minds already read our newsletter. Want in? Join them .

2026-05-12 05:38
South Korea delays Digital Asset Basic Act ahead of June elections
South Korea has delayed debate on its main digital asset bill until after June elections, postponing long-awaited rules for stablecoins, crypto exchanges, and institutional investors in one of the world’s busiest retail crypto markets. The National Assembly’s National Policy Committee left the proposed Digital Asset Basic Act off the agenda during its final bill-review subcommittee meeting before parliamentary recess on May 12. Lawmakers are unlikely to revisit the bill before the June 3 local elections. As Cryptopolitan reported in late 2025, the bill has been stuck for months due to unresolved disputes between the Financial Services Commission and the Bank of Korea over stablecoin oversight. The May 12 omission extends that pattern. What the bill would do? The Digital Asset Basic Act is the second phase of South Korea’s crypto regulatory framework. The country passed its first major investor-protection law, the Virtual Asset User Protection Act, in 2023. The proposed second-phase bill would require licensing and disclosure rules for crypto firms, ban insider trading and market manipulation, create a Digital Asset Committee to oversee policy, introduce custody rules for customer assets, and establish reserve and capital requirements for stablecoin issuers. Under the proposal, stablecoin issuers would need at least 50 billion won ($35 million) in capital, mirroring standards already applied to electronic-money businesses. Several major provisions remain unresolved. Lawmakers are still debating whether banks should be required to hold majority stakes in stablecoin ventures. Officials have also not finalized ownership restrictions for crypto exchanges and other virtual-asset businesses. What it means for stablecoin projects Companies waiting to launch Korean won-backed stablecoins or expand institutional crypto services now face more uncertainty over licensing standards and reserve requirements. President Lee Jae Myung has identified a won-backed stablecoin as a national priority, arguing it could counter the dominance of US dollar-linked stablecoins. The ruling Democratic Party has been working to consolidate several lawmaker proposals into a revised digital asset bill, with major Korean banks exploring consortia for won-pegged stablecoin launches targeting late 2026. Projects linked to dollar-pegged stablecoins such as USDC and USDT, alongside potential won-backed stablecoins from Korean banks and fintech firms, remain unable to finalize compliance structures while the legislation is stalled. How South Korea now compares globally International crypto firms had expected South Korea to become Asia’s next major crypto-regulation hub after Europe and Japan. The European Union fully implemented its Markets in Crypto-Assets (MiCA) framework in 2024. Japan introduced stablecoin rules through revisions to its Payment Services Act in 2023. Singapore and Hong Kong have also rolled out licensing systems for digital-asset firms and fiat-backed stablecoins. South Korea has about 9.7 million crypto investors, nearly 19% of its population. Daily trading volume on the country’s five licensed exchanges, Upbit, Bithumb, Coinone, Korbit, and Gopax, can exceed 11 trillion won ($7.9 billion) during active trading periods, according to Financial Services Commission data and exchange disclosures. Without finalized Korean rules, global exchanges and payment firms still lack clarity on how to operate across borders or whether overseas crypto licenses will receive recognition inside South Korea. Industry observers say the delay could slow stablecoin-based payment corridors across Asia-Pacific markets. The earliest opportunity for lawmakers to resume debate on the Digital Asset Basic Act is likely in the second half of 2026. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

2026-05-12 04:56
TRUMP team moves $29M in tokens as sellers tighten grip on memecoin market
The Trump memecoin’s affiliated team has moved nearly $29 million in TRUMP tokens, even as the memecoin market continues to come under pressure. Blockchain tracking platform Lookonchain said wallets connected with the project had transferred millions of tokens to a separate address and later deposited a large amount into crypto custodian BitGo. The transfers came as TRUMP traded around $2.40, fueling fears that sellers are once again ruling the market and that more downside will follow. But broader regulatory developments in the U.S. have drawn the attention of market participants. Members of the Senate Banking Committee are under pressure right before the May 14 markup of the CLARITY Act . Digital asset advocacy group Stand With Crypto (SWC) said on May 11 that it will officially score recorded votes on the legislation, representing more than 2.9 million supporters in the United States, as lawmakers consider advancing digital asset market structure rules out of committee. Large wallet transfers raise fresh market concerns The official Trump Team Allocation wallet moved 4.915 million TRUMP tokens (roughly $12.09 million) to the wallet “3S7zwP,” according to Lookonchain . Soon thereafter, the same wallet deposited another 7 million TRUMP tokens, worth about $17.22 million, to BitGo as well. *]:pointer-events-auto [content-visibility:auto] supports-[content-visibility:auto]:[contain-intrinsic-size:auto_100lvh] R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-6a025f46-70c4-83ea-8297-28c58aa33d27-8" data-turn-id-container="request-6a025f46-70c4-83ea-8297-28c58aa33d27-8" data-testid="conversation-turn-10" data-scroll-anchor="false" data-turn="assistant"> Over the past three weeks, the wallet has already shifted a cumulative 7.5 million TRUMP tokens, totaling approximately $21.8 million in transfers. But even after its most recent move, the wallet still held roughly 1.5 million TRUMP tokens worth roughly $3.6 million. While the transfers don’t verify that the tokens were sold directly, traders tend to take large transactions to custodial or exchange-related wallets as a warning sign. In crypto markets, such relocations can amplify trepidations that insiders may one day sell tokens into the market. The timing has also been scrutinized, as the TRUMP memecoin has been struggling to recover amid other speculative crypto assets that have struggled to rebound. Market participants are watching closely to see if additional transfers come in the coming days. Why are sellers dominating the memecoin market? Spot trading data indicates that sellers currently have the upper hand across the memecoin space. Market-tracking tools showed more “heating” in spot trading activity, suggesting traders and participants have been trading heavily in recent sessions. But the flow is mostly selling activity, not buying. A very popular indicator, the Spot Taker Cumulative Volume Delta (CVD), has remained negative for an extended period. A negative reading usually suggests that aggressive sellers can overpower aggressive buyers in the market. This is important because a lot of trading, coupled with high seller power, tends to cause knock-on price drops. When traders jump at the risk they carry by exiting positions simultaneously, prices fall faster as liquidity worsens. The larger memecoin market has been struggling for weeks, even as traders retreat from high-risk, speculative assets. Uncertainties in the crypto market and a decline in investor appetite for meme-based tokens have curtailed buying momentum. TRUMP, which previously enjoyed heavy social media buzz and political branding, has not escaped the broader downturn. While wallet activity recently began attracting attention on the internet, the token price was almost entirely flat in response, a result some analysts consider a signal that the market is still weak. Could TRUMP fall below $2? Despite millions of dollars in transacted tokens, TRUMP was still trading around $2.40. Technical signals now indicate that bearish momentum remains strong. One of the most important metrics, the Balance of Power indicator, remained firmly in negative territory at about -0.68. This is usually an indication that sellers are more powerful in controlling price action than buyers. Another technical signal, the Aroon Oscillator, has remained negative for almost two weeks as well. Recently, the indicator was at or near -28, reinforcing expectations of further deterioration. Combined, they indicate sustained bearish pressure in the market. If things persist, analysts say, TRUMP could head below the $2.30 level of support that matters. And that would be a more likely slide toward $2.00. Traders need to see, for now, whether team-linked wallet tokens keep moving and whether memecoins’ overall sentiment improves. If you're reading this, you’re already ahead. Stay there with our newsletter .

2026-05-12 03:40

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