crtypto & forex news

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...

Bitcoin (BTC) is trading around $78,000, as prices continue to fall following another rejection at the $82,000 barrier on Friday. Despite the encouraging rally over the five weeks of Q2 2026, several analysts predict Bitcoin is now in the initial stages of another prolonged price correction, likely heading to an “actual” price bottom. According to market analyst Crypto Chan on X, historical MVRV data reinforces this outlook, indicating that BTC could be positioning for a final leg down before establishing a more sustainable price floor. Bitcoin MVRV Mirrors 2018 Bear Market The Market Value to Realized Value (MVRV) metric is used to gauge the current market condition: a ratio above 1 suggests an asset may be overvalued, while a ratio below 1 indicates an undervalued market. In an X post on May 16, Crypto Chan explains that the Bitcoin MVRV metric is currently showing a bearish structure similar to that seen in the 2018 bear market. In that cycle, BTC experienced its final capitul...

Bitcoin treasury company Strategy (formerly MicroStrategy) has disclosed its intention to repurchase $1.5 billion of its 2029 convertible debt notes. This move comes amid commentary on the shift in the Michael Saylor-led firm’s “Never Sell” perspective, intensifying focus on the company’s market actions in the coming weeks. Will Strategy Sell Bitcoin To Repurchase Its Debt? In a May 15th post on the social media platform X, Strategy’s chairman, Michael Saylor, confirmed that the firm has filed to repurchase $1.5 billion principal amount of its convertible senior notes due in 2029. This decision comes as part of the outcome of privately negotiated transactions with holders of this debt security. In the Form 8-K filed with the United States Securities and Exchange Commission (SEC) on May 14th, Strategy disclosed that it agreed to retire approximately $1.50 billion in aggregate principal amount of the 2029 Notes for an estimated aggregate cash repurchase ...

The $292 million KelpDAO exploit is among the biggest crypto losses of 2026. The impact of this attack on users’ confidence was broad, triggering a $13.5 billion drop in DeFi total value locked (TVL). However, recent developments suggest a return in market confidence. Investors Move To Accumulate rsETH As KelpDAO Resumes Operations  On April 18, attackers exploited a vulnerability in KelpDAO’s LayerZero-cross chain bridge, carting away 152,577 rsETH, valued at $292 million. According to a report from analytics firm Santiment, this day also experienced a net inflow of 563 rsETH, worth $1.1 million, into exchanges. Santiment analysts explain that the market reaction is expected, as the exploit has generated concern about KelpDAO’s safety and rESTH. Therefore, investors moved their holdings to exchanges to sell or swap them for other assets, e.g., stablecoins, thereby reducing their exposure to the negative effects of the hack. On April 18th, the infamous day of the Kel...

Crypto pundit CharuSan has explained why Ripple’s XRP is a better choice for cross-border transactions than SWIFT. He also predicted that SWIFT is likely to integrate XRP at some point to avoid becoming redundant.  Why Ripple’s XRP Has A Competitive Edge Over SWIFT In an X post , CharuSan said that SWIFT is cumbersome and slow, and will completely lose its competitive edge against XRP’s ODL technology , which frees up trillions of dollars for banks in seconds. He further noted that XRP addresses these banks’ pain points by enabling faster, cheaper payments, prompting them to reconsider their use of SWIFT.    In line with this, he opined that XRP will take over the market rapidly rather than gradually. The pundit also mentioned that the main software used by banks is already integrated with Ripple , which means that the technical path is ready. CharuSan added that there is no need to meet with 13,000 banks one by one, as a single update will integrate all banks into the system...