crtypto & forex news

The entire crypto market opened the week on a turbulent note, with Bitcoin (BTC) giving back about 6% over the past seven days. Even with the broader market’s pullback, Hyperliquid’s native token, HYPE, stood out from the competition.  HYPE Jumps On Bitwise’s 10% Fee-To-Token Plan One of the key drivers behind the altcoin’s Monday strength came from Bitwise. In a post on X (previously Twitter), the asset manager said it plans to devote 10% of the management fees from its Bitwise Hyperliquid ETF, BHYP, to holding HYPE on its balance sheet.  Bitwise also said the newly launched fund provides investors with indirect exposure to HYPE tokens, along with staking rewards, giving the product a linkage to the token’s broader value proposition rather than simple spot exposure. The result was a noticeable lift in the token’s price action during the session. At the time of writing, the token was hovering near the $50 mark, trading around $46, and edging closer to last year’s all-ti...

Ethereum’s sideways price action has continued, but demand for the leading altcoin on the institutional level has not yet cooled down. During this persistent price action, institutions across the sector have been quietly increasing their exposure to ETH, buying more of the altcoin. Corporate Demand Pushes Ethereum Reserves Higher A recent report has revealed an underlying persistent demand for Ethereum even as its price continues to face downside pressure. In the face of volatility, i nstitutional investors have continued acquiring ETH as the amount of ETH held in corporate reserves climbs sharply to fresh levels. According to Crypto Patel, a researcher and on-chain analyst, the number of ETH collectively held in corporate reserves has recently reached 7.33 million ETH, valued at a whopping $16 billion. This figure marks its highest level yet. The milestone shows that businesses across the crypto and financial sectors are becoming more open to treating Ethereum as a strategic ...

White House digital-assets official Patrick Witt said the administration is preparing an announcement on the US Strategic Bitcoin Reserve, describing recent work as a “breakthrough” in making the reserve legally sound and operationally secure. His comments suggest the next step is likely to focus on implementation, custody and agency coordination rather than a confirmed open-market Bitcoin purchase program. Speaking with Scott Melker in an interview released May 17, Witt confirmed once again that the reserve effort has continued behind the scenes even as broader crypto-market structure legislation has dominated Washington’s digital-asset agenda. The Strategic Bitcoin Reserve, he said, was never dropped; it was simply moving through a slower interagency process triggered by the earlier executive order. “There’s still progress there. There’s still work going on behind the scenes,” Witt said. “We never stopped working on it.” US Strategic Bitcoin Reserve Update Nears Witt credited Ha...

A crypto market analyst has shared his Bitcoin and Ethereum price forecasts for the rest of 2026 quarters. The predictions come at a key moment in the currently volatile market, with investors looking for clear signals heading into the second half of the year. While the analyst’s ETH forecast covers Q2 this year, he focuses more on Bitcoin in the months ahead. He also outlined several market reactions and macroeconomic factors traders should watch for as the year progresses. The forecast gives investors a clearer sense of what to expect as 2026 draws to a close.  Bitcoin And Ethereum Price Forecast For Q2 And Q3 On May 16, Aralez, a crypto expert and trader, released a comprehensive 2026 price prediction covering Ethereum and Bitcoin. For the second quarter of this year, specifically covering May and June, the analyst predicts that the BTC price could crash toward $58,000 while ETH could plunge to $1,700. At the time of writing, both cryptocurrencies are sitting well above those...

The CLARITY Act’s landmark committee approval has sent Bitcoin sentiment soaring to its highest point in months.  Data from Santiment shows that bullish Bitcoin commentary on social media has climbed to one of its greediest readings of the year, with 1.55 bullish comments for every 1.00 bearish comment. The on-chain data, however, indicates that the crowd may be getting ahead of itself. Bitcoin Sentiment Points To Greed After CLARITY Act Vote The passage of the Digital Asset Market Clarity Act through the Senate Banking Committee moved both price and crowd psychology simultaneously. The move came after the US Senate Banking Committee advanced the CLARITY Act in a 15-9 bipartisan vote, sending the important market-structure bill to the full Senate. Interestingly, Santiment’s data shows that Bitcoin social sentiment has moved back into a FOMO zone. On May 15, Santiment’s social sentiment ratio for Bitcoin reached 1.55 bullish comments for every 1.00 bearish comment, placi...

Recent filings with the SEC suggest the Binance Coin (BNB) may be the next altcoin to get a spot ETF in the US. In particular, asset management firms VanEck and Grayscale have repeatedly amended their S-1 registration forms, reflecting regulatory guidance and increasing the likelihood of a launch. VanEck Issues 5th BNB ETF Revision As ETF Race Heats Up In a recent post on X, Bloomberg analyst James Seyffart shared that VanEck had filed Amendment No. 5 to the S-1 for its VanEck BNB ETF, looking to launch under the ticker VBNB. The original application for this ETF came in May 2025, amid a period of filings and anticipated approvals for several altcoin spot ETFs, in line with US President Donald Trump’s pro-crypto agenda.  Since his inauguration in January 2025, the SEC has approved spot ETFs tied to XRP , Solana (SOL), Dogecoin (DOGE) , Chainlink (LINK), and Litecoin (LTC), among other cryptocurrencies. Alongside VanEck, Grayscale has also issued a second amendment to its Gray...

Crypto may need a major overhaul sooner than most people think. Cardano founder Charles Hoskinson pointed to a specific proposal — Bitcoin Improvement Proposal BIP-361 — as a potential path forward for gradually moving Bitcoin users away from older wallet addresses toward ones built to resist quantum attacks. Speaking at Consensus Miami, Hoskinson said the window to prepare may be closing faster than the industry has assumed. A Deadline The Industry Cannot Ignore Hoskinson put the odds of a capable quantum computer arriving before 2033 at above 50%. That kind of machine, he said, would be powerful enough to crack the cryptographic systems that currently protect digital wallets, private keys, and transaction signatures across most major blockchain networks. If that happens, bad actors could potentially access wallets without authorization, forge transaction signatures, or disrupt how blockchains reach agreement. He was direct: this is no longer a problem for the next generation t...