crtypto & forex news

Leveraged traders betting on a price recovery got hit hardest when the Sui blockchain went down for the third time in under 48 hours. Data from CoinGlass shows that long positions accounted for $1.72 million of the $1.88 million in SUI liquidations recorded during the latest disruption. The Ripple Effect On Price SUI fell to $0.9035 on Binance following the third stall, extending a slide that has now reached roughly 8% since the trouble began on May 28. The $1.00 support level — one that held for much of 2024 — was broken during the selloff, with the token down around 16% over the past week. The third outage hit during an epoch transition on May 29 at approximately 4:30 PM EDT. Validators were up and generating system transactions, but user transactions stopped flowing entirely. Sui mainnet stopped accepting user transactions due to an issue during the epoch change beginning at ~1:30PT. Validators are up and creating system transactions, but user transactions are not currentl...

After beginning the week with a steep drop from around $78,000, the Bitcoin price appears to have found stability near $73,500 . However, a recent on-chain evaluation suggests that if a condition is not met, this newfound stability might just be the typical calm that precedes a storm. Bitcoin’s Key Support Sits Around $72,400 Crypto analyst Darkfost recently took to the social media platform X in a May 29 post to highlight a critical development in Bitcoin’s on-chain dynamics and its impact on the underlying. The relevant indicator here is the “Realized Price excluding >7Y Supply” metric. For context, the metric tracks the average acquisition cost of all Bitcoin that has moved in the last seven years, excluding long-term dormant coins, to reflect the cost basis of only active market participants. When Bitcoin trades above this level, it often means that Bitcoin’s most active holders are doing so while enjoying profits. In this case, there is a reduced probabil...

Prediction markets put the odds of the Digital Asset Market Clarity Act becoming law this year at 59%, down from a high of 68% following a Senate committee vote earlier this month. That slide reflects growing uncertainty around a bill the crypto industry had hoped would clear Congress before year’s end. A Slim Margin In The Senate The Senate Banking Committee advanced the CLARITY Act in May, but the vote was far from a show of broad support. Only two Democratic lawmakers joined Republicans in backing the bill, raising questions about whether it can clear the full Senate floor without changes. Committee Chairman Tim Scott called the vote bipartisan. Critics say two votes barely qualifies. The bill still needs to pass both chambers of Congress and be signed by US President Donald Trump before it takes effect. That path is now looking longer than the crypto industry had anticipated. JPMorgan CEO Jamie Dimon appeared on Fox Business this week and made clear that the banking ...

Treasury Secretary Scott Bessent recently revealed that the United States has seized $1 billion worth of crypto assets tied to the Iranian government. This figure has continued to rise amid the ongoing conflict between the two nations. Operation Economic Fury Sends Iran Into Crisis: US Treasury Secretary Earlier in the month, Bessent disclosed that the US government had confiscated $500 million in Iranian crypto assets. On Friday, May 29th, barely a month later, Bessent announced at the Reagan National Economic Forum that this figure has now climbed above the $1 billion mark. These crypto seizures form part of a broader strategy named “Operation Economic Fury,” which, according to Bessent, has squeezed the Iranian government into an economic crisis. The campaign, launched in April 2026, was said to be targeting Iran’s illegal oil smuggling networks, shadow financing, and “regional maritime extortion” around the Strait of Hormuz. Bessent said at the co...

Strategy can cover its debt and preferred dividends even if Bitcoin drops to $8,000 — down from current levels around $73,000 — a claim the company makes as gold advocate Peter Schiff steps up his warnings about its business model. A Model Built On Cheap Debt Schiff, speaking in an hour-long video on May 28, argued that Strategy’s practice of using borrowed money to buy Bitcoin is one of three interconnected financial pressures, or “dominoes”, that could unravel together. The other two, in his view, are the $39 trillion US national debt and a ballooning AI investment bubble. His argument traces back to a period of low interest rates that made borrowing cheap and encouraged large-scale speculation. That environment, Schiff contends, allowed Strategy to keep piling into Bitcoin while the federal government continued spending beyond its tax revenues and investors kept pouring money into artificial intelligence ventures.   Schiff pointed to Strategy’s ...

Investors’ confidence and interest in Cardano (ADA) and its network capabilities are rising sharply, particularly in the staking sector. While the price continues to face downside pressure, ADA is experiencing a significant increase in staking activity, a trend that allows for a more secure blockchain. Staking Activity On Cardano Accelerates Without a doubt, staking operations have become a huge and critical part of the Cardano network and its ecosystem. As its ecosystem sees persistent growth, ADA staking activity has spiked to notable levels, with a significant portion of supply being moved to staking contracts across the network. According to Everstake, the largest global non-custodial staking infrastructure provider trusted by millions, this part of the network is one thing that deserves serious attention, as it attracts broader participation. In the data shared by the provider, more than 21.75 billion ADA out of the total supply of 37.01 billion ADA is currently staked. Th...

Solana’s institutional footprint just got meaningfully larger, though the price action has yet to follow. Forward Industries, the Nasdaq-listed SOL treasury company, is set to join the Russell 2000 and Russell 3000 indexes. The timing makes the update interesting because Solana itself is still fighting to recover stronger momentum . SOL is currently trading around $80, and although the $100 level is not far in percentage terms, the price action still makes that target look difficult . Solana Moves Into New Market Forward Industries, a publicly traded company that transformed from a medical product manufacturer into the world’s largest corporate holder of Solana, has announced it is going to join the Russell 2000 and Russell 3000 indexes when FTSE Russell’s semi-annual reconstitution takes effect on June 29, 2026. Related Reading: What Solana’s 108% Growth Means For Its Price Outlook Forward Industries currently holds 7,013,536 SOL, worth approximately $624 milli...