PayPal (PYPL) stock faced downward pressure after Mizuho downgraded it from "Outperform" to "Neutral" and lowered its price target from $60 to $50 on April 20, 2026. The downgrade was driven by concerns over Elon Musk’s X Money platform, seen as a threat to PayPal and Venmo’s P2P payments. PayPal also missed Q4 earnings estimates, with EPS at $1.23 versus $1.29 expected.
Prediction markets indicate ongoing disruptions in the Strait of Hormuz, with traffic unlikely to normalize soon. Oil traders are betting on higher prices due to these prolonged disruptions. The situation, which began in early 2026, has increased market volatility and speculation, reflecting concerns over supply constraints and geopolitical tensions in the region.
Tether disclosed an 8.2% stake in Antalpha, holding 1.95 million shares after its 2025 IPO. Antalpha, a mining finance firm linked to Bitmain, reported nearly $80 million in revenue for 2025, a 68% increase from the previous year. Shares traded near $9.30, down over 27% from the IPO price of $12.80.
Toobit launched a $150,000 copy trading campaign from April 17 to May 8, 2026, offering new users a record 15 USDT entry bonus. The campaign emphasizes streak-building rewards for both followers and Lead Traders, marking a shift from previous lucky draw formats. This initiative aims to boost engagement and trading activity during the promotional period.
RaveDAO faces accusations from ZachXBT of knowing about a $23 million token price manipulation scheme involving its $RAVE token. The manipulation caused a 40% price drop from $1 to $0.6 after a large transfer to Bitget deposit addresses. RAVE surged 11,000% in nine days before crashing, raising concerns about market manipulation and transparency.
KeyBanc raised its target for Alphabet (GOOGL) stock to $380 from $370, suggesting about 12% upside. The firm is optimistic about Google Cloud’s growth, forecasting revenue of $91.8 billion in 2026, which is 8% above Wall Street estimates. This positive outlook follows strong Q1 gross revenue of $107.7 billion, highlighting confidence in Alphabet’s cloud segment.
A blockchain investigator has accused RaveDAO of knowing the identity of the individual who manipulated its token’s price. The sleuth pointed to suspicious exchange-linked activity as RAVE’s market cap surged from $60 million to $6 billion and then declined again. The investigation highlights concerns over potential market manipulation within the decentralized autonomous organization.