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11 May 2026, 15:00

Galaxy and Sharplink Launch $125M DeFi Yield Fund Targeting Institutional-Grade Returns

BitcoinWorld Galaxy and Sharplink Launch $125M DeFi Yield Fund Targeting Institutional-Grade Returns Galaxy Digital, the cryptocurrency financial services firm founded by Mike Novogratz, has partnered with Ethereum treasury management company Sharplink to launch a $125 million decentralized finance (DeFi) yield fund. The initiative, named the Galaxy Sharplink Onchain Yield Fund, aims to generate returns through active DeFi strategies while maintaining institutional-grade security standards. Fund Structure and Capital Allocation According to the announcement, the fund will be seeded with $100 million from Sharplink’s existing Ethereum treasury, which currently stands at approximately $2.1 billion. Galaxy will contribute an additional $25 million and serve as the sole fund manager. This structure places Galaxy in charge of day-to-day investment decisions, while Sharplink provides the bulk of the capital. Sharplink CEO Joseph Chalom stated that the partnership reflects a strategic shift for the firm. “Our goal is to make our ETH productive beyond simply holding it,” Chalom said, emphasizing that the fund will deploy capital into DeFi protocols that meet rigorous institutional security criteria. Expanding Beyond Passive Staking Sharplink has historically focused on staking its ETH holdings, a relatively low-risk strategy that generates yield by participating in network validation. The new fund represents a move into more active DeFi yield generation methods, including lending and liquidity provision. These strategies involve supplying assets to decentralized lending markets or automated market-making pools, which can offer higher returns but also carry increased risks such as smart contract vulnerabilities and impermanent loss. By partnering with Galaxy, Sharplink gains access to Galaxy’s established infrastructure for institutional DeFi investing, including risk assessment frameworks and protocol due diligence processes. Galaxy, which manages over $6 billion in assets across its various divisions, has been expanding its presence in the DeFi space through products like its Galaxy DeFi Fund launched in 2021. Market Context and Implications The launch comes at a time when institutional interest in DeFi is growing, but remains cautious following several high-profile hacks and exploits in the sector. Total value locked across DeFi protocols has fluctuated between $40 billion and $80 billion over the past year, according to DeFiLlama data, reflecting both opportunity and volatility. For Sharplink, the fund provides a way to put its substantial ETH holdings to work beyond simple appreciation. For Galaxy, it strengthens its position as a bridge between traditional finance and on-chain yield opportunities. The fund’s focus on institutional-grade security standards may also signal a maturation of DeFi as an asset class, potentially attracting more conservative investors. Conclusion The Galaxy Sharplink Onchain Yield Fund represents a notable collaboration between a major crypto financial services firm and a large Ethereum treasury manager. By combining Sharplink’s capital with Galaxy’s management expertise, the fund aims to generate returns through active DeFi strategies while adhering to institutional security protocols. The success of this initiative could influence how other large ETH holders approach yield generation in the decentralized finance ecosystem. FAQs Q1: What is the Galaxy Sharplink Onchain Yield Fund? A: It is a $125 million decentralized finance (DeFi) yield fund launched by Galaxy Digital and Sharplink. The fund will invest in active DeFi strategies such as lending and liquidity provision, with Galaxy serving as the sole manager. Q2: How is the fund capitalized? A: Sharplink is contributing $100 million from its Ethereum treasury, and Galaxy is contributing $25 million. The total fund size is $125 million. Q3: Why is this fund significant? A: It represents a shift for Sharplink from passive staking to more active DeFi yield strategies, and it highlights growing institutional interest in DeFi. The fund’s emphasis on institutional-grade security standards may also help legitimize DeFi as an asset class for traditional investors. This post Galaxy and Sharplink Launch $125M DeFi Yield Fund Targeting Institutional-Grade Returns first appeared on BitcoinWorld .

11 May 2026, 14:50

GBP/USD Price Forecast: Buyers Hold Control Above Key 200-Day SMA Level

BitcoinWorld GBP/USD Price Forecast: Buyers Hold Control Above Key 200-Day SMA Level The British pound has maintained a bullish posture against the US dollar, with the GBP/USD currency pair holding decisively above the widely watched 200-day simple moving average (SMA). This technical milestone signals that buyers remain in control of the near-term trend, even as broader macroeconomic factors continue to influence market sentiment. Technical Setup: Why the 200-Day SMA Matters The 200-day SMA is a critical long-term trend indicator used by traders and institutional investors to gauge the overall direction of an asset. When a currency pair trades above this moving average, it typically suggests that the prevailing trend is bullish. For GBP/USD, the sustained position above this level has reinforced confidence among buyers, with the pair recently testing resistance near the 1.2700 region. From a technical perspective, the 200-day SMA now acts as a dynamic support floor. Should the pair pull back, traders will closely watch this level for a potential bounce. A decisive break below the 200-day SMA could shift the bias to neutral or bearish, but current price action suggests buyers are defending this line with conviction. Fundamental Drivers Supporting Sterling The pound’s resilience comes amid a complex backdrop. The Bank of England has maintained a cautious stance on interest rates, with markets pricing in a slower pace of rate cuts compared to earlier expectations. This relative monetary policy divergence has supported the pound against the dollar, especially as the Federal Reserve signals a more accommodative path. Additionally, improving UK economic data, including stronger-than-expected GDP figures and easing inflation pressures, has bolstered confidence in the British economy. These factors have encouraged capital inflows into sterling-denominated assets, further underpinning the currency. Key Levels to Watch For traders monitoring the GBP/USD pair, the following levels are critical: Resistance: 1.2750 and 1.2800 – A break above these levels could open the door to a test of the 1.3000 psychological barrier. Support: The 200-day SMA near 1.2550, followed by the 50-day SMA around 1.2450. A close below these levels would signal a loss of bullish momentum. The pair’s ability to hold above the 200-day SMA will be a key litmus test for the sustainability of the current rally. Traders should also watch for any unexpected shifts in US economic data or Federal Reserve commentary that could alter the dollar’s trajectory. Conclusion The GBP/USD pair remains in a technically constructive position, with buyers retaining control above the 200-day SMA. While the near-term outlook is bullish, traders should remain vigilant for potential volatility triggers, including central bank statements and geopolitical developments. The 200-day SMA will continue to serve as a pivotal reference point for the pair’s directional bias in the sessions ahead. FAQs Q1: What does it mean when GBP/USD trades above the 200-day SMA? A1: It generally indicates a bullish long-term trend. Traders view the 200-day SMA as a key support level, and price action above it suggests buyers are in control. Q2: What could cause GBP/USD to break below the 200-day SMA? A2: A break below could be triggered by unexpected dovish Bank of England policy, stronger US economic data, or a risk-off sentiment shift that boosts the US dollar as a safe haven. Q3: Is the 200-day SMA a reliable indicator for short-term trading? A3: It is primarily a long-term trend indicator. While useful for identifying the broader trend, short-term traders often combine it with shorter-term moving averages and oscillators for entry and exit signals. This post GBP/USD Price Forecast: Buyers Hold Control Above Key 200-Day SMA Level first appeared on BitcoinWorld .

11 May 2026, 14:40

Twenty One Capital sees lowest short interest in April among mid-mega cap firms

More on CleanSpark, Block, etc. Bullish: Offensive Crypto Growth Play (Rating Upgrade) IREN Limited (IREN) Q3 2026 Earnings Call Transcript Strategy Inc (MSTR) Q1 2026 Earnings Call Transcript MSTR's answer to Q1 pressure: Strategy loaded 535 BTC just 5 days later Bitmine reports $13.4B in crypto and cash holdings; discloses 5.21M ETH treasury

11 May 2026, 14:35

Hungarian Forint Rally Against the Euro Could Continue, Says ING

BitcoinWorld Hungarian Forint Rally Against the Euro Could Continue, Says ING Analysts at ING Bank believe the Hungarian forint’s recent rally against the euro may have further room to run, citing improving fundamentals and a shift in market sentiment toward Central and Eastern European currencies. The forint has strengthened notably in recent weeks, recovering from multi-month lows as investor confidence in Hungary’s economic outlook improves. What’s Driving the Forint’s Strength? The forint’s appreciation is largely attributed to expectations of substantial European Union fund inflows, which are set to bolster Hungary’s current account and foreign exchange reserves. ING notes that the disbursement of EU recovery funds, previously frozen due to rule-of-law concerns, is now seen as increasingly likely following Budapest’s concessions. This has reduced the country’s external vulnerability and supported the forint. Additionally, the Hungarian central bank has maintained a relatively hawkish monetary policy stance, keeping interest rates elevated compared to the eurozone. This interest rate differential continues to attract carry trade flows, further underpinning the currency. The National Bank of Hungary has also signaled a cautious approach to rate cuts, prioritizing inflation control over growth stimulation. Key Levels to Watch ING’s technical analysis suggests the EUR/HUF pair could test the 380 level in the coming weeks, a psychological barrier that has held firm since early 2024. A decisive break below this level would open the path toward 370, a level not seen since mid-2023. On the upside, resistance is seen at 395 and then 400, where the central bank may intervene to prevent excessive weakening. The bank emphasizes that the rally is not without risks. Global risk sentiment, energy price volatility, and any deterioration in EU-Hungary relations could quickly reverse gains. The forint remains sensitive to external factors, given Hungary’s open economy and reliance on foreign capital. Broader Implications for Investors For investors, the forint’s strength presents both opportunities and risks. Exporters may face headwinds as a stronger currency makes Hungarian goods more expensive abroad. However, importers and consumers benefit from lower costs for foreign goods and energy. The rally also improves the outlook for Hungarian government bonds, as a stable currency reduces the risk premium demanded by foreign investors. ING advises clients to monitor EU fund disbursement timelines and any changes in central bank rhetoric. A faster-than-expected release of funds could accelerate the forint’s gains, while a renewed political standoff with Brussels would likely trigger a sharp reversal. Conclusion The Hungarian forint’s rally against the euro appears to have solid fundamental support, driven by EU fund inflows and a hawkish central bank. While risks remain, ING’s analysis suggests the currency has further upside potential. Investors should watch key technical levels and political developments closely. The forint’s trajectory will serve as a barometer for Hungary’s economic recovery and its relationship with the European Union. FAQs Q1: Why is the Hungarian forint strengthening against the euro? A1: The forint is strengthening primarily due to expected inflows from European Union recovery funds, a hawkish central bank maintaining high interest rates, and improving investor sentiment toward Central and Eastern European currencies. Q2: What is the EUR/HUF exchange rate target according to ING? A2: ING analysts suggest the EUR/HUF pair could test the 380 level in the near term, with a potential move toward 370 if the rally continues. Key resistance is at 395 and 400. Q3: What risks could reverse the forint’s rally? A3: Key risks include a deterioration in EU-Hungary relations, a spike in global energy prices, a shift in global risk sentiment, or a faster-than-expected easing cycle by the Hungarian central bank. Any of these factors could trigger a sharp reversal in the forint’s value. This post Hungarian Forint Rally Against the Euro Could Continue, Says ING first appeared on BitcoinWorld .

11 May 2026, 14:34

Corpay taps BVNK to bring stablecoin wallets to corporate payments

Corpay will use stablecoin rails in its treasury operations to improve capital efficiency, reduce reliance on pre-funded accounts, and move funds across its global footprint.

11 May 2026, 14:15

FBTC And 3 Virtues Of Bitcoin That Today Are Not Expressed By The Price

Summary Fidelity Wise Origin Bitcoin Fund ETF (FBTC) remains a BUY in my opinion despite an 8% drawdown since December 2026, supported by unexpressed value in Bitcoin. FBTC's high liquidity grade (A+) makes it ideal for speculative trading, though lower-fee ETFs like BTC may suit long-term holders better. Three bullish drivers,political inflationary policy, strong macro/tech sector growth, and accumulating 'unexpressed scarcity',support the Bitcoin thesis. I manage FBTC risk with technical signals (weekly RSI near 30), targeting controlled entries amid high volatility (43% annualized). From the last coverage of FBTC, the price has dropped by 8%. In this market, there doesn't seem to have been room for uncertainty. Yet it's precisely in a market like the one we're going through today, that I think Bitcoin can make room for itself. And personally, despite the price congestion, I continue, stubbornly, to identify 3 potential patterns/virtues that could make demand step on the accelerator, therefore the price. And I talk about it here, but first... A quick TL;DR For new readers I'm happy to leave this TL;DR, to introduce us all better to what is the thesis of my research: FBTC was born with the objective of following the price of BTC-USD, by directly holding bitcoin; it's a spot ETF. To do this it charges costs ( TER ) of about 0.25%; an element, even if not the only one, that has over time contributed to amplifying the tracking error. Let me explain better ... FBTC: 1Y Price Performance (Seeking Alpha) Since BTC-USD is very volatile, and since the fees are paid in Bitcoin, and all the more so since from 2024 BTC has grown by over 74%, the cost of those fees, in absolute terms remains higher than what is actually paid, and the true measure is precisely in the lower total return that you get compared to obtaining Bitcoin directly onchain. FBTC - BTC-USD: tracking (Seeking Alpha) And if one were to introduce a peer comparison, costs become an indispensable yardstick in this sense. And considering that there are ETFs with lower fees, such as for example BTC , why then take FBTC into consideration? It will potentially have a higher tracking error over time? FBTC: Bitcoin ETF Comparison (Seeking Alpha) Yes, partly yes. But it's also true that FBTC has an important merit. An enviable liquidity grade, for SA A+, which makes it interesting for faster operations, and representativeness in the entry and exit price, with the guarantee of the Fidelity brand. And it's an element I appreciate, especially for the thesis and strategy I'm about to introduce you to. FBTC: Liquidity Grade (Seeking Alpha) My view The price clashes clashing with 3 evidences that in my opinion are bullish for Bitcoin. And I love working on divergences, because they allow me to manage the position well. Before showing you how, here are what are the 3 unexpressed virtues in my opinion: Political reasons Trump has interest in my opinion in keeping the value of the dollar low. It happens because in the coming months America will have to repay 7 trillion dollars of debt and that's not little. Federal Debt Trend (FRED) And in this sense, I'm not surprised by Trump's interest in maintaining a positive inflationary tone: He puts pressure on the Fed to cut rates (increases inflation and reduces the cost of debt) He introduces tariffs , despite the DOJ's accusations, today increasing by 25% the prices of the automotive segment, an important key of the industrial sector, a direct component of inflation. He carries forward a war narrative in the direction of key energy centers like Venezuela and the Middle East, making the price of oil skyrocket. He introduces fiscal maneuvers like Trump's "Big Beautiful Bill" which yes.. will increase fiscal deficits, but also pushes up monetary circulation, another important key to reading aggregate inflation. 5Y Inflation Expectations (FRED) And it's natural, because sustained inflation is the key to lightening the weight of debt and transferring it to savers. And in this context an unusual variable is inserted, which moves parallel and silently: the CLARITY Act + GENIUS Act + Strategic Bitcoin Reserve. Macro reasons Partially already explored, but we could go deeper talking about economic growth: with unemployment at 4.3% and a GDP growth expected by the Atlanta Fed at 3.7% , it's not a level that alerts to recession. Trying to also insert a "micro" variable, companies don't seem to be in a situation of economic difficulty, especially the sector closest to Bitcoin: the technological one. Not by chance the Q1 data was excellent, with an earning surprise of 10% for the tech segment, despite there already being very high expectations: for CY 2026 almost 40% earnings growth expected. Sector Earnings growth (FactSet financial data and analytics.) In essence, at these capital costs, we're still talking about economic expansion, and especially widening margins. And considering that BTC-USD is a high beta of the Nasdaq-100, personally I read it as a divergence to keep under control. FBTC: Bitcoin vs Nasdaq Performance (Seeking Alpha) Fundamental reasons In my opinion "unexpressed scarcity" is accumulating on Bitcoin's price. Many complain about the "fall of scarcity models" like stock to flow, in describing Bitcoin's price, because in the last 10 years it described its trend well, while today no. The question I ask my fellow maximalists is: did you really think that an asset could have mathematical growth? Well it's absurd to even write it. As if gold had followed its stock to flow to the letter. Naturally the price action is discontinuous, it follows logics tied to sentiment, and precisely to the market, like simply a much higher cost of capital. But this doesn't mean that Bitcoin has become less "rare". So in these market conditions it's true... Bitcoin doesn't follow stock to flow. But this in my opinion means that "unexpressed scarcity" is accumulating on the price, so read by an analyst as a sort of "discount" compared to fair price. I talked about it in depth here . FBTC: Bitcoin Power Law Projection (Author) Risk Bitcoin is not equal to the Nasdaq for a fundamental reason, for a logical coherence that has characterized recent years: low rates. Both, with growth characteristics benefit from a reduction in the cost of capital, because it becomes more interesting to expose oneself to risk. Read differently, as if the ERP (risk premium) were becoming higher (even if on FBTC you can't talk exactly about risk premium). Anyway this characterized the market of the decades preceding 2022, and the market began to attribute to BTC the connotations of high beta of the Nasdaq-100. Today the capital conditions are different... and I know that behind the push of the Nasdaq there are the hyperscalers , who have expanded CAPEX spent by 70% in 2025, and that this entails in terms of guidance almost a +3% in the companies' operating margins, and therefore an expected growth of almost 40% in 2026. But Bitcoin? Simply Bitcoin doesn't benefit from this, and if rates don't compress, precisely because of the guided inflation, this could in an adverse scenario entail the breaking of the paradigm "the Nasdaq grows, therefore bitcoin will outperform". And it's a risk considering that FBTC's annualized volatility exceeds 43%. FBTC: Risk Grade (Seeking Alpha) How do I manage the risk? Personally I would like to try to capture in the satellite component of my model portfolio this "value" in my opinion unexpressed, but with controlled risk on FBTC considering its ample liquidity. And in this sense, I do it with a technical, graphical strategy. I identify negative imbalances, and personally to do this I look at the RSI, and I wait for 30 points on weekly tf. Then I simply take position with controlled risk below the minimum (not surgical to avoid hunting for bottoms, it may be that Bitcoin returns to seek liquidity near April's lows). In this way however I amplify the possibility of positioning on a mega trend, maintaining controlled risk. FBTC: Bitcoin RSI Reset Signal (Seeking Alpha) Conclusion In conclusion, I'm down 8% from my last coverage, but it doesn't mean that there isn't unexpressed value in Bitcoin's price. At least according to my opinion, there are 3 reasons to think so, respectively political, macro/micro and fundamental. Considering FBTC's liquidity and the possibility of a controlled risk operation, I think that even today the right rating for FBTC is BUY.