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🚗💸 Uber is exploring the future of payments with stablecoins. The company has entered a study phase to test how blockchain-powered stablecoins could reduce transaction fees, especially for users in emerging markets. With this move, Uber joins a growing list of global giants eyeing crypto for real-world utility.

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CRYPTO WORLD

🚨Crypto chaos: $800M liquidation triggered by Trump-Musk turmoil

The crypto market just experienced a massive jolt. Over $800 million in Bitcoin and Ether liquidations were recorded after escalating tensions between Elon Musk and Donald Trump rattled investor confidence. What began as a war of words quickly snowballed into a market-wide shockwave, blindsiding bulls and sparking rapid sell-offs.

Bitcoin and Ether bore the brunt of the turbulence, as leveraged traders were forced out in a cascade of liquidations. This sharp reaction highlights the fragility of sentiment in the digital asset space where public figures' influence can trigger massive price swings in minutes.

While some see this as a temporary shake-up, others believe it could signal the start of a new volatility era driven by political narratives and social-media-fueled speculation.

As crypto matures, the question is no longer whether it reacts to global headlines but how investors will navigate the emotional rollercoaster they bring.

MARKET MOVERS

📉Threshold: Bitcoin may never dip below $48K again, analysts warn. A major on-chain signal just flashed: whales are accumulating, volatility is tightening, and analysts say $48K might be the new BTC floor.

🎯High-Stakes: Trader places million-dollar bet on ETH surging past $3.4K. One bold investor just dropped millions on Ether options, banking on ETH exploding above $3,400 by June’s end.

💨Unfiltered: Coinbase lists Fartcoin and SQD, raising serious eyebrows. Yes, you read that right: Fartcoin is now live on Coinbase alongside $SQD. While some hail it as Web3 meme magic, others see it as credibility risk.

CRYPTO FRONTIER

🕵️‍♂️Heist: U.S. cracks down on North Korean crypto laundering ring. A plot straight out of a spy thriller: the U.S. is targeting North Korean IT workers laundering stolen crypto through fake remote jobs. Billions may be at stake, and the case is a chilling reminder of how crypto can be weaponized.

👶Blockchain Baby: In a bizarre marketing stunt, a couple minted their child’s birth on-chain to promote Solana meme coin Babytoshi. It's either Web3 genius or digital absurdity but one thing’s clear: virality is the new utility.

💰Jackpot: CoinFlip, a leader in Bitcoin ATMs, is reportedly seeking a buyer in a deal that could top $1 billion. With cash-to-crypto kiosks booming globally, could this be the next major crypto M&A headline?

📊Trailblazer: In a historic move, life insurer meanwhile just released audited financials denominated in BTC, a world first. As institutions inch toward crypto-native accounting, could this mark the beginning of Bitcoin balance sheets?

CRYPTO GUIDE

🚀Ethereum’s Pectra upgrade is here and it’s a big deal

On May 7, Ethereum quietly rolled out Pectra, its most significant upgrade since The Merge, and it’s already being called a game-changer for the ecosystem.

Here’s what makes Pectra pivotal:

🔐Smart accounts: No more clunky wallets. Pectra introduces native account abstraction, enabling programmable wallets and smoother user experiences especially for mainstream adoption.

🧠Validator flexibility: With improved staking architecture, solo validators and node operators now have more autonomy and options strengthening decentralization.

📦Blob space expansion: Scaling is no longer a pipe dream. Pectra increases data availability for Layer 2s through expanded blob storage helping reduce costs and boost performance.

Ethereum isn’t just upgrading, it’s reengineering itself for the next wave of growth.

The big question: Will this reignite ETH’s market momentum? While prices remain volatile, the fundamentals have never looked stronger. Builders, devs, and investors should pay close attention, Pectra could redefine the Ethereum narrative in the months ahead.

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Hanoomaan Crypto Markets team

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