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UAE exits OPEC after 59 years, escalating tensions with Saudi Arabia over oil production HTX Community April Creation ContestHTX Creation Challenge — Post and Win 1,500U 💥Everything Can Be Huobao The 

UAE exits OPEC after 59 years, escalating tensions with Saudi Arabia over oil production



HTX  Creation Challenge — Post and Win 1,500U 💥



The United Arab Emirates is leaving OPEC. After nearly six decades of membership, the Gulf state announced its departure from the oil cartel, effective May 1, 2026. The UAE was OPEC’s third-largest producer, sitting on spare capacity estimated at 3 to 3.5 million barrels per day.



UAE exits OPEC after 59 years, escalating tensions

MEGA: Real-Time Execution Layer for Ethereum

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Claim1,200 USDT in the Monthly Creation ChallengeHTX Creation Challenge — Post and Win 1,500U 💥Post To Earn BonusBitcoin dropped below $80,000 after fresh U.S. airstrikes in Iran sparked a surge in oi

Claim1,200 USDT in the Monthly Creation Challenge

Bitcoin dropped below $80,000 after fresh U.S. airstrikes in Iran sparked a surge in oil prices and a broader risk-off move across crypto markets.
Crypto traders unwound leverage aggressively, with futures open interest falling 1.5%, nearly $300 million in liquidations, and options flow shifting toward protective BTC puts.
Despite weakness in majors and

Bitcoin retreats below $80,000, liquidating $300 m

XAU/USD finished the week at $4,715, making a small gain and holding above the important $4,700 mark after recovering from... d Weekly Outlook: $4,715 Ey... ⚡ Start trading with only $50! Don't Miss O

XAU/USD finished the week at $4,715, making a small gain and holding above the important $4,700 mark after recovering from...

d Weekly Outlook: $4,715 Ey...

⚡ Start trading with only $50! Don't Miss Out! - Trade Now!


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Gold Weekly Outlook: $4,715 Eyes $4,765 as CPI, PPI, and ...

Gold Weekly Outlook: $4,715 Eyes $4,765 as CPI, PPI, and the Powell-to-Warsh Transition Define the Week

XAU/USD finished the week at $4,715, making a small gain and holding above the important $4,700 mark after recovering from...

Written by: Arslan Butt • Saturday, May 9, 2026 • 3 min read

• Last updated: Saturday, May 9, 2026

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Quick overview

XAU/USD closed the week at $4,715, maintaining a position above the critical $4,700 level after recovering from a low of $4,501.

Key economic reports this week, including April CPI and PPI, are expected to significantly influence gold prices.

If CPI is below 3.0%, gold could rise towards $4,828, while a hot CPI above 3.5% may strengthen the dollar and test gold's support levels.

The transition to new Fed Chair Kevin Warsh on May 15 could bolster gold demand due to expectations of more accommodative monetary policy.

XAU/USD finished the week at $4,715, making a small gain and holding above the important $4,700 mark after recovering from a low of $4,501. The week ahead is busy, with April CPI on Tuesday, PPI on Wednesday, jobless claims on Thursday, and Jerome Powell’s final day as Fed Chair on Friday. Each of these events could affect gold prices.



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Gold Weekly Outlook: $4,715 Eyes $4,765 as CPI, PP

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$110K Spring Airdrop Rain—18 Days Straight!HTX Community April Creation ContestBTC Shakes at $80K—Up or Down? Ethereum Dominance in DeFi Falls to 54%, Is ETH Losing Control of Biggest Market?Ethereum,

Ethereum Dominance in DeFi Falls to 54%, Is ETH Losing Control of Biggest Market?Ethereum, the second-largest cryptocurrency by market cap, has seen its dominance in the DeFi market fall to around 54%, down from 63.5% earlier this year, as competing blockchains continue capturing a larger share of the crypto ecosystem.

Now the big question is Ethereum losing its grip on DeFi dominance? While $ETH price has recovered to nearly $2,314.

Ethereum Dominance in DeFi Falls to 54%, Is ETH Lo

Ripple CEO Brad Garlinghouse suggested that XRP holders could potentially receive “something special” if Ripple eventually goes public, while stressing that any such move is not an immediate priority 

Ripple CEO Brad Garlinghouse suggested that XRP holders could potentially receive “something special” if Ripple eventually goes public, while stressing that any such move is not an immediate priority for the company.

Speaking with Eleanor Terrett on the Crypto In America podcast at XRP Las Vegas, Garlinghouse addressed one of the more sensitive questions inside the XRP community: whether holders of the token should benefit more directly from the firm’s corporate success as the company’s valuation, acquisitions and institutional footprint continue to expand.

Garlinghouse Addresses XRP Holder Benefits
The exchange came after Terrett noted criticism that Ripple has become a major private-company success story while XRP holders remain economically separate from Ripple’s equity. Ripple, Garlinghouse said, was last valued at $50 billion in a share buyback, a figure that has intensified debate over whether the company’s growth should translate into a more direct benefit for the XRP community.

Asked whether the company had explored an XRP token buyback or another structure that would allow holders to share in Ripple’s wealth, Garlinghouse did not endorse a near-term mechanism. Instead, he framed the firm’s contribution as indirect but central: building products, infrastructure and partnerships that increase XRP’s utility, liquidity and trust.

“I hope XRP holders feel like they are benefiting from Ripple’s existence by virtue of what we’re doing to try to catalyze things within the XRP community,” Garlinghouse said. “Is there a scenario if and when Ripple goes public, would we do something special for people who hold XRP or something? Maybe. But I mean, that’s not in the immediate term.”

That “maybe” is likely to draw attention because it leaves open a possibility the company has rarely discussed publicly: a future IPO-related benefit tied to XRP ownership. Garlinghous

Ripple CEO Brad Garlinghouse suggested that XRP ho

CC: Institutional Privacy L1

Everything Can Be HuobaoHTX Community April Creation ContestBTC Shakes at $80K—Up or Down? Democratic Senator Elizabeth Warren questioned Meta CEO Mark Zuckerberg about the company’s stablecoin plans,

Democratic Senator Elizabeth Warren questioned Meta CEO Mark Zuckerberg about the company’s stablecoin plans, warning of serious risks to financial stability, competition, privacy, and payments integrity.

Meta’s Stablecoin Trials Under Scrutiny

This week, US Senator Elizabeth Warren sent a new letter to Meta’s founder and CEO, Mark Zuckerberg, raising concerns about the company’s plans to integrate stablecoins into the platform.

In the letter, the Ranking Member of the Senate Banking Committee highlighted recent reports suggesting that Meta was conducting a “small and focused” trial with a third-party stablecoin and that the company plans to begin its integration in the second half of this year.



Warren's letter to Meta's Zuckerberg. Source: Senate Banking Committee

As reported by Bitcoinist, Meta began rolling out USDC payouts for select creators in Colombia and the Philippines last month, using Solana and Polygon as supported blockchain rails.

Warren affirmed that it is “essential” for the US Congress to fully understand the implications of Meta’s integration plans as it considers the crypto-market structure bill, the CLAIRTY Act.

“Any attempt to control, influence, or preference a stablecoin on Meta’s platforms–even a stablecoin issued by a third party–could have serious implications for competition, privacy, the integrity of our payments system, and financial stability,” she argued.

The Senator also raised concerns about the lack of transparency, underscoring Meta’s failed attempt to launch its own stablecoin six years ago. For context, the company announced its Libra project in 2019, but it was ultimately shut down in 2022 after massive pressure from US regulators and politicians.

“It is critical that Meta be transparent with Congress and the public regarding its stablecoin-related plans.

Democratic Senator Elizabeth Warren questioned Met

HTX Community April Creation ContestBTC Shakes at $80K—Up or Down?Everything Can Be Huobao 115 Million XRP Withdrawn From Spot Exchanges, Is Demand Rising? XRP exchange balances take a hit with $115 m

115 Million XRP Withdrawn From Spot Exchanges, Is Demand Rising?

XRP exchange balances take a hit with $115 million withdrawn in last 24 hours.

According to CoinGlass data, XRP recorded $115.02 million in spot outflows in the last 24 hours, which represents XRP withdrawn from exchanges in the said timeframe. This exceeded spot inflows, which came in at $99.41 million, resulting in a negative net spot flow of -280.65%.

The XRP outflow suggests that investors are removing their coins from exchanges, which suggests accumulation and long-term holding rather than short-term selling, and may be a positive indicator of demand.

This is accompanied by a rise in open interest, an indicator of open positions, which is up 3.96% in the last 24 hours to $2.96 billion, according to CoinGlass data.

The timing of the withdrawals is notable as it coincides with a surge in XRP ETF inflows. According to Sosovalue data, XRP saw positive daily net inflow of $6.04 million on May 8.

Ripple's Schwartz on XRP Price: 'I've Been Clear All Along'

Increased outflows can sometimes indicate quiet accumulation by whales or institutions who might be positioning ahead of potential catalysts and hence remain significant. However, outflows can also be due to internal wallet reshuffling, custodial changes, or OTC transactions that might not necessarily reflect direct buying pressure, which adds a bit of caution to the bullish narrative.



115 Million XRP Withdrawn From Spot Exchanges, Is

.@amiravalliani explains why Solana usage could explode over the next 5 years “Stablecoin growth has been through the roof. We saw $2T in stablecoin transfers this quarter on Solana, and that’s just g

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