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The archipelago nation of the Maldives has signed a multi-billion-dollar deal with Dubai’s MBS Global to build a blockchain and digital assets hub. On May 4, the Maldivian government and MBS Global Investments inked a joint venture agreement to develop a $8.8 billion crypto-focused financial centre in the capital city of Malé, according to a Financial Times report . The project, titled the Maldives International Financial Centre, will span 830,000 square meters, and initial estimates suggest it could eventually employ up to 16,000 people and host over 6,000 residents. Development would be rolled out in phases over the next five years and is expected to generate more than $1 billion in revenue annually by year five. According to officials, the financial center would aim to triple the country’s GDP. MBS Global, headed by Qatari royal Sheikh Nayef bin Eid Al Thani, plans to finance the development through a mix of equity and debt. According to the firm, it has already secured firm commitments “north of” $4–$5 billion, raised through its network of family offices and high-net-worth individuals. For the Maldives, the deal comes at a critical time. The country is under financial pressure, with over $1.6 billion in external debt repayments due by 2026. Just a few months ago, India stepped in with a $760 million bailout to help the island nation avoid default. Finance Minister Moosa Zameer believes the financial center could be a possible way out of its current fiscal crunch. Still, turning Malé into a global fintech hub won’t be easy. One senior Indian businessperson told the Financial Times that the Maldives is likely to face stiff competition from well-established heavyweights such as Dubai, Hong Kong, and Singapore. As previously reported by crypto.news, Dubai has already made major strides in establishing itself as a crypto-friendly destination, with supportive regulations and government-backed blockchain initiatives . Similarly, Singapore has continued to draw global investment with its open approach to digital assets and a thriving tech ecosystem . Meanwhile, Hong Kong, too, has attracted hundreds of Web3 and fintech firms by positioning itself as a gateway between China and the West. Hong Kong, Dubai, and Singapore all ranked among the top five in Multipolitan’s 2025 Crypto Cities Index , which evaluated global hubs based on adoption, regulation, and infrastructure.

Ethereum gains bullish momentum in Q2 2025, supported by historical trends, strong RSI signals, and ascending triangle formation. Institutional backing and the upcoming Pectra upgrade position ETH for a potential rally toward $6K–$10K by year-end. According to recent market condition, Ethereum (ETH) is showing signs of renewed bullish momentum as it enters the second quarter of 2025. As anticipated in a recent Crypto News Flash (CNF) update , the price of ETH to $2K. Specifically, a recovery above the $1,842 level could see ETH moving to $2,000. According to recent reports, after a sluggish start to the year, the second-largest cryptocurrency by market capitalization is gaining traction, fueled by historical trends, institutional adoption, and upcoming network upgrades. In addition, shared in a tweet by the community member BlockNests, Ethereum holds strong above key support, forming an ascending triangle since 2022. Bullish momentum builds as traders eye resistance at $3,100–$4,000, 📈 Ethereum holds strong above key support, forming an ascending triangle since 2022. Bullish momentum builds as traders eye resistance at $3,100–$4,000. Will ETH break out soon? 🧱🔼 #Ethereum #ETH #CryptoCharts https://t.co/hWOSsLcvvb — BlockNests (@BlockNests) May 3, 2025 It is worth noting that historically, May has been a strong month for Ethereum. Since 2016, ETH has averaged a 27.36% gain in May, with a notable 70.29% surge in 2017. Last year, ETH closed May with a 24.65% increase, bolstering investor optimism for a similar performance in 2025. According to the technical analysts, Ethereum’s monthly Relative Strength Index (RSI) has recently retested its multi-cycle support level—a pattern that previously led to significant rallies. So in this case, if this trend holds, Ethereum could see substantial gains in the coming months, and therefore lead the next crypto surge. According to a previous CNF report , Ethereum’s rising institutional adoption, ETF approvals, and dominance in DeFi strengthen the case for a potential rally toward $10,000. This institutional interest in Ethereum continues to grow. Financial giants like BlackRock and Fidelity are increasingly engaging with Ethereum-based products, including tokenized assets and Ethereum ETFs. This institutional backing is also complemented by the upcoming “Pectra” upgrade, slated for mid-2025, which aims to enhance scalability and performance through several Ethereum Improvement Proposals (EIPs). Reiterating, the analysts offer varied predictions for Ethereum’s price trajectory in 2025. Some forecasts suggest that ETH could reach between $6,000 and $8,000 by the end of the year, driven by technical patterns and increased adoption. According to Coin Market Cap data, Ethereum is currently trading at approximately $1,804.69, reflecting a mild increase of 0.93% yet optimistic market sentiment in the past week. See ETH price chart below.

A Crypto X chart technical analyst just pointed out a pattern in Dogecoin’s price that could mean the meme coin is the underdog in crypto markets at the moment. Crypto chart pattern analyst “Trader Tardigrade” told followers in an Apr. 30 post on X that “[Dogecoin] consistently finds support at previous swing highs.” “It just rebounded from support matching a previous swing high,” Trader Tardigrade added. “[DOGE] may have completed its pullback and could surge again soon.” The last time Dogecoin found support at the previous swing high level, support was in Q3 last year at Q4 2023’s swing high level. From there, the meme coin catapulted to the upper resistance line of its broader, multi-year trend channel. According to Trader Tardigrade’s chart, if Dogecoin follows its previous pattern, the price will begin a steep rally as high as $0.80 per DOGE before August. Dogecoin prices have been cooling down ever since a moonshot to $0.46 in December. That price surge followed the pattern the chart analyst describes for DOGE’s graph. The lovable meme coin’s price has historically followed the pattern of reversing at recent swing high levels. DOGE found decisive support there in April. So a breakout to markedly higher levels could be ahead. DOGE hasn’t had the past 12 months that BTC has, but over enough time, it has historically had periodic flash rallies. Prices go up by shocking percentages, as in Spring 2021 and Winter 2024. Popular Bitcoin analyst Muro Crypto recently reminded followers, “Once DOGE starts pumping, it would be the official signal for a legit altseason, it’s always been the altseason indicator.”

Polkadot (DOT) has seen better days. Once hailed as a core layer-0 infrastructure token, its recent price action has left many traders on edge. As May 2025 unfolds, DOT is sitting at a critical support level after a multi-week consolidation and a sharp recent dip. With trading volume fluctuating and moving averages pointing downward, investors are asking : is DOT price preparing for a rebound , or will the support finally give way? As of the latest candle close, DOT is trading around $3.98 , with hourly charts revealing sustained selling pressure. The price has decisively broken below the short-term support range around $4.10, and has lost grip of all key short-term moving averages (20, 50, and 100 SMA). The hourly 200 SMA, which often acts as the final defense for bullish momentum, is well above the price at $4.16 — now serving as stiff resistance. On the daily chart, DOT price rejection from the 100 SMA (currently at $4.48) capped the recent rally. The 50 SMA is currently positioned at $4.06, and the price is now sitting just below it. This confluence suggests a weakening bullish structure with an increasing risk of further decline if DOT closes a few more candles below $4.00. Looking at the Accumulation/Distribution Line (ADL), DOT shows a concerning pattern. Despite slight upticks in price during late April, the ADL failed to make a corresponding higher high. This divergence signals that smart money may be exiting positions during price relief rallies. On the hourly chart, the ADL continues its slow descent, confirming that bearish sentiment is currently stronger than what surface-level price action suggests. Volume has also dried up, meaning there's little conviction from buyers to defend the $4 mark. Unless a catalyst emerges to spike demand, this stagnation may lead to a stronger downside move in the coming sessions. The broader chart structure indicates that Polkadot price is at a decision point . If DOT price loses the $3.90 support with volume, it could swiftly drop to $3.60 or even test $3.30 — a level not seen since Q1 2023. However, if bulls manage to reclaim $4.10 and sustain above the 50 and 100 daily SMA, a short-term rally to $4.50 or even $5.00 becomes plausible, especially if the crypto market as a whole regains momentum. Momentum indicators on lower timeframes hint at a possible oversold bounce, but without volume confirmation, any relief may be short-lived. May could be make-or-break for DOT price . The current technical landscape suggests caution, as Polkadot price is at risk of losing its footing. However, these conditions also often precede strong reversal rallies — if bulls show up. A decisive reclaim of $4.10 would flip the script in favor of buyers, while sustained weakness below $3.90 could open the floodgates for deeper losses. Polkadot (DOT) has seen better days. Once hailed as a core layer-0 infrastructure token, its recent price action has left many traders on edge. As May 2025 unfolds, DOT is sitting at a critical support level after a multi-week consolidation and a sharp recent dip. With trading volume fluctuating and moving averages pointing downward, investors are asking : is DOT price preparing for a rebound , or will the support finally give way? As of the latest candle close, DOT is trading around $3.98 , with hourly charts revealing sustained selling pressure. The price has decisively broken below the short-term support range around $4.10, and has lost grip of all key short-term moving averages (20, 50, and 100 SMA). The hourly 200 SMA, which often acts as the final defense for bullish momentum, is well above the price at $4.16 — now serving as stiff resistance. On the daily chart, DOT price rejection from the 100 SMA (currently at $4.48) capped the recent rally. The 50 SMA is currently positioned at $4.06, and the price is now sitting just below it. This confluence suggests a weakening bullish structure with an increasing risk of further decline if DOT closes a few more candles below $4.00. Looking at the Accumulation/Distribution Line (ADL), DOT shows a concerning pattern. Despite slight upticks in price during late April, the ADL failed to make a corresponding higher high. This divergence signals that smart money may be exiting positions during price relief rallies. On the hourly chart, the ADL continues its slow descent, confirming that bearish sentiment is currently stronger than what surface-level price action suggests. Volume has also dried up, meaning there's little conviction from buyers to defend the $4 mark. Unless a catalyst emerges to spike demand, this stagnation may lead to a stronger downside move in the coming sessions. The broader chart structure indicates that Polkadot price is at a decision point . If DOT price loses the $3.90 support with volume, it could swiftly drop to $3.60 or even test $3.30 — a level not seen since Q1 2023. However, if bulls manage to reclaim $4.10 and sustain above the 50 and 100 daily SMA, a short-term rally to $4.50 or even $5.00 becomes plausible, especially if the crypto market as a whole regains momentum. Momentum indicators on lower timeframes hint at a possible oversold bounce, but without volume confirmation, any relief may be short-lived. May could be make-or-break for DOT price . The current technical landscape suggests caution, as Polkadot price is at risk of losing its footing. However, these conditions also often precede strong reversal rallies — if bulls show up. A decisive reclaim of $4.10 would flip the script in favor of buyers, while sustained weakness below $3.90 could open the floodgates for deeper losses.

Hyperliquid: HIP-3 will be deployed, and the MVP version has been launched on the test network Hyperliquid posted on the X platform that the protocol will support the deployment of HIP-3, and the MVP version has been launched on the test network. The proposal involves perpetual market related functions including: 1. Deployment on HyperCore to allocate new high-performance on-chain order books; 2. Deployment Gas fees are paid through Dutch auctions every 31 hours; 3. Deployers can set up to 50% of the fee sharing. Hyperliquid also stated that perpetual market deployers must maintain 1 million HYPE stakes. If malicious market operations occur, validators have the right to conduct stake-weighted voting in the deployer's 7-day redemption queue, thereby significantly reducing the deployer's stake. In addition, the relevant deployment will be combined with HyperCore multi-signature to support protocol-based market deployment and operation. Technical details will be released in the API documentation and Python SDK soon.