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BitcoinOS Demo Sends BTC to Cardano and Back—Without a Cross-Chain Bridge The demo transaction used BitcoinOS’ new token xBTC, and zero-knowledge proofs instead of custodial arrangements. In brief A demo transaction by BitcoinOS transferred BTC to the Cardano blockchain and back without a bridge. BitcoinOS' new xBTC token extends how Bitcoin could be programmable, opening DeFi and cross-chain use. The tech removes custodial risks associated with traditional bridge solutions, BitcoinOS claims. In a demo transaction, developers from smart contract operating system BitcoinOS (BOS) claim to have sent 1 BTC from a Bitcoin wallet to a Cardano wallet and back without relying on traditional bridge infrastructure, touting it as the first "bridgeless cross-chain transfer." "Crypto users don't use BTC beyond the existing functionality," not because they value simplicity, but because "they don't have any other options," Edan Yago, co-founder and core contributor at BOS, told Decrypt. From Bitcoin to Cardano and back Onchain transactions from Sunday shared by BitcoinOS and reviewed by Decrypt show the round-trip flight from Bitcoin to Cardano and back involved a number of steps. First, 1 BTC was locked, wrapped, and minted "directly on the Bitcoin blockchain" and converted into xBTC, a new, fully programmable token developed by BOS. This token contained cryptographic proof of the original Bitcoin's existence and value. Once wrapped, the xBTC token then made its way to the Cardano network, arriving first in hybrid Bitcoin and Cardano L2 Sundial Protocol's wallet.

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Price predictions 5/5: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI Steady purchasing demand at Bitcoin’s lower support levels is keeping the pressure on the $95,000 BTC resistance zone. Key points: Bitcoin is witnessing a tough battle between the bulls and the bears at the $95,000 level. Solid buying by spot Bitcoin ETF investors last week signals a positive shift in investor sentiment. Select altcoins have held their support levels, increasing the likelihood of a short-term up move. Bitcoin (BTC) slipped below the breakout level of $95,000 on May 4, indicating profit booking at higher levels. The bulls tried to push the price back above $95,000 on May 5 but are facing stiff resistance from the bears. Glassnode senior researcher CryptoVizArt said in a post on X that Bitcoin maintaining above $93,000 was very surprising and also risky as the rally to the $93,000 to $96,000 range “pushed the profit-taking volume above the statistical levels.” CryptoVizArt added that there were more than $9 in realized profits for every dollar realized in loss. However, a positive sign in favor of bulls is that the US-based Bitcoin exchange-traded funds witnessed inflows of $1.8 billion last week, per Farside Investors data. The ETF issuers and the institutions acquired 18,644 Bitcoin last week compared to the 3,150 Bitcoin mined during the period, reported asset allocator HODL15Capital on May 4. What are the crucial support and resistance levels to watch out for in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

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Bitcoin (BTC): Golden Cross Isn't Enough, Shiba Inu (SHIB) Volume Nears 0, XRP Risks Losing $2, but $3 is Possible The price action of Bitcoin is exhibiting signs of weakness and hesitation even though it printed a golden cross. The price of the flagship cryptocurrency is currently down a little to $95,484 after recently rising toward $96,000 with little to no follow-through momentum. The problem: Despite its positive symbolism, the golden cross has not generated the institutional interest or volume spike that would normally be required to start a long-lasting rally. BTC may be approaching an overbought zone with little strength to push higher in the near future as evidenced by the volume already waning from the April breakout and the cooling RSI near 64. Investors may need to lower their expectations if they are anticipating a spectacular breakout. Given its current price structure, which points to a stall, Bitcoin may easily revert to the $91,000 support zone if momentum doesn't pick up quickly. From a structural perspective, it is technically encouraging that Bitcoin has regained all of the major EMAs (50, 100 and 200). The absence of buying pressure following the breakout, however, is concerning. The macro environment continues to be significant. ETF flows have subsided following the large inflows at the start of May, and overall market sentiment is still risk averse as a result of macroeconomic uncertainty. The price of Bitcoin could consolidate between $91,000 and $96,000 in the absence of new catalysts. Traders should keep a close eye on the $91,000-$90,000 level in the near future. The recent bullish structure may be invalidated by a breakdown below this zone, but bullish momentum may be reignited by a clean breakout above $97,000 with fresh volume.

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New XRP ETF reaches $67m AUM as price outperforms Ripple A recently launched leveraged exchange-traded fund tracking XRP is gaining momentum in terms of asset inflows. The Teucrium 2x Long Daily XRP ETF, whose ticker symbol is XXRP, has had inflows in the last four consecutive weeks. Its assets have moved from zero to over $67 million in this period. The ETF’s performance has also performed better than Ripple’s XRP. It has jumped by 26% since its inception, while the XRP price has risen by 16.4% in the same period. The XXRP ETF’s inflows are notable because of its cost structure. While one can easily buy the XRP token and pay no fee, its investors pay a premium for the fund, which has an expense ratio of 1.89%. A 1.89% fee is high even when compared with other leveraged ETFs. The popular Direxion Daily Semiconductor Bull 3x Shares ETF, which has $9.9 billion in assets, charges a 0.75% management fee. Similarly, the $22 billion ProShares UltraPro QQQ ETF has an expense ratio of 0.84%. XXRP’s fees mean that a $10,000 investment will cost at least $189 annually.

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Shiba Inu's Shibarium Up 54% in Transaction Spike Amid Adoption Milestone The Shiba Inu ecosystem is gaining momentum once again, as Layer-2 blockchain Shibarium has seen a 54% spike in transactions over the past 24 hours. Daily transactions increased from 2.01 million to 3.1 million, indicating increasing interest and engagement on the Shibarium network. In tandem with the transaction jump, Shibarium's total addresses have achieved a new high of 204,182,966, indicating growing user interest and participation Other Shibarium measures are also showing an increase. As of the most recent count, the Shibarium network had completed 1,133,559,932 transactions in total. The recent increase in daily transactions has contributed to this increase. Total blocks have surpassed 10 million, with the most recent figure at 10,791,495 Shiba Inu burn rate jumps 22,598% Not only have Shibarium transactions increased, but the SHIB burn rate has risen by a staggering 22,598%, with millions of tokens removed from circulation. According to Shibburn, 25,770,312 SHIB were burned in the last 24 hours, marking a 22,598.92% increase in daily burn rate.

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