US consumer sentiment dropped to a record low of 44.8 in May, down from 48.2 and well below April's 49.8, according to the University of Michigan's Surveys of Consumers. The decline is driven by concerns over rising prices due to the US-Iran conflict and higher oil prices caused by supply disruptions in the Strait of Hormuz. Inflation expectations increased to 4.8% for the year ahead and 3.9% for the longer term, reflecting growing worries that inflation will spread beyond fuel costs. This signals heightened consumer anxiety about the economic outlook and potential inflation pressures.
In Q1 2025, Solana achieved a new milestone with 112.6 million average daily non-vote transactions, a 50% increase from the previous quarter, signaling strong user engagement despite market downturns. Launchpad platforms generated $144 million, accou...
Ethereum is at a critical juncture after retesting support near a rising trendline and pushing toward short-term resistance. Analysts highlight that a confirmed breakout above the descending resistance line could first target $2,500, with a stronger ...
StablR's stablecoins EURR and USDR lost their pegs after attackers exploited a weak multisig wallet setup, stealing about $2.8 million worth of crypto. The breach was due to a compromised private key, not a smart contract flaw, allowing hackers to mi...
Advanced Micro Devices (AMD) is emerging as a strong competitor to Nvidia in the AI and data center GPU market. AMD's progress includes achieving CPU parity with Nvidia's Vera, accelerating adoption of its ROCm AI software stack, and developing Helio...
Hyperliquid launched its HIP-4 upgrade on May 2, introducing native binary outcome contracts to its existing perpetuals exchange infrastructure. Within two weeks, it matched Polymarket's Bitcoin binary trading volume by leveraging its centralized lim...
