RaveDAO's RAVE token fell over 95%, dropping from $26 to below $1 after ZachXBT exposed alleged price manipulation. Launched in December 2025 on Binance Alpha, the token's decline follows ZachXBT’s on-chain analysis, which also flagged MemeCore, River, and MYX as questionable projects. The crash erases most of RAVE’s previous rally to an all-time high.
Prediction markets are projected to hit $1 trillion by 2030, with $240 billion expected in 2026. Platforms like Kalshi and Polymarket already traded over $60 billion in 2026, up from 2025. Trading volumes surged from $100 million to over $3 billion in a year, indicating rapid growth and increasing mainstream adoption.
Gold prices fell nearly 2% on April 20, amid renewed tensions at the Strait of Hormuz after the US Navy seized an Iranian cargo ship. Oil surged up to 7%, fueling inflation fears, while the dollar increased 0.2%, further pressuring gold. The disruptions and stalled peace talks between Iran and the US contributed to the market volatility.
The Iran conflict's escalation, closing the Strait of Hormuz, caused oil prices to hit record highs. This geopolitical tension increased global inflation concerns and market volatility. Oil futures for WTI and Brent surged as supply disruptions intensified. The conflict's impact extends beyond energy markets, influencing monetary policies and investor sentiment worldwide.
Despite high oil prices, the US oil rig count remains stagnant, according to Jack McClendon. Smaller companies are thriving by targeting underappreciated assets and conventional reservoirs, which hold significant untapped potential. This trend highlights resilience in the sector despite broader market stagnation, with a focus on overlooked resources driving growth among smaller firms.
AST SpaceMobile’s BlueBird 7 satellite failed to reach the proper orbit after a launch by Blue Origin’s New Glenn rocket, leading to a 14% stock drop. The satellite’s cost is insured, but the delay impacts the company’s plan to operate 45–60 satellites, intensifying the race against Starlink in satellite internet.
Amazon's $11.6 billion acquisition of Globalstar aims to expand its satellite network, boosting its Leo satellite ambitions. Following the deal, Amazon's stock rose 4%. Morgan Stanley analysts set a $300 target, citing the strategic value of Globalstar's 24 satellites and spectrum licenses, with potential for significant growth in satellite services.
