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...

The Bitcoin price has been in a massive downward trend throughout this week. Data from CoinMarketCap shows that BTC has declined by over 6% in the last seven days and nearly 10% in just two weeks. A combination of factors has contributed to this negative trend, including massive outflows in Spot Bitcoin ETFs, the ongoing US-Iran wars, and growing selling pressure among whales and institutional investors.  Bitcoin Price Crashes Amid ETF Outflows And Rising Selling Pressure The market is seeing heavy volatility, as new factors place immense pressure on the Bitcoin price and the broader crypto market. According to crypto analyst Nic on X, Bitcoin recently crashed below the $75,000 support zone and is now sitting around its next critical support level, around $73,000.  The cryptocurrency had surged as high as $83,000 earlier this May, but was firmly rejected. Since then, Bitcoin has been on a steady decline. However, this past week has accelerated the downtrend, with the price droppi...

Bitcoin’s latest price action has turned into a fight for control around one of the most important areas. The price has been struggling to recover after falling back belo w $80,000, and the weakness is now taking place below two major on-chain levels that are converging at $78,000. On-chain data shows that the Short-Term Holder Cost Basis is around $78,000, while the True Market Mean is sitting close to $78,300. These two levels have now converged, creating a heavy ceiling just above Bitcoin’s current price. Bitcoin Is Stalling Below The Level Recent Buyers Need Most Bitcoin’s price action is currently trapped between two forces. One side is $74,000, where buyers are still trying to defend. The other is the $78,000 area, where on-chain valuation models are now meeting at almost the same point. The next break may decide whether the latest weakness is another range-bound dip or the start of a deeper correction below $70,000. According to data from on-chain analytics platform Glass...

With bearish pressure building across the cryptocurrency market, the Ethereum price is steadily dropping toward the $1,950 mark once again, a level last seen in March. Despite the altcoin’s declining price action and general unfavorable market conditions, large ETH holders seem to be holding onto their positions. What Ethereum Whales Are Doing In This Pullback Ethereum’s large investors have remained resilient in recent market sessions. While ETH’s price has struggled to sustain strong momentum, these key investors continue to hold on to their positions rather than aggressively reduce their exposure or sell off their coins. In a waning market environment, the activity of large holders is closely monitored as it typically provides more insight into long-term market conviction and sentiment among institutional investors. This trend is seen in the Ethereum Whale Vs Retail Delta metric, which has flipped toward the upside once again.  As reported by CW, a verified data analyst...

Bitcoin and XRP are often compared from a price perspective, but this is not the only lens through which they can be looked at. Both cryptocurrencies are native to first-mover blockchain networks, which have survived for more than a decade, have processed large amounts of value, and have built strong investor communities . However, both blockchain networks are also different in their operation , and that difference is where the comparison becomes very interesting. XRP Ledger Holding Up Against The Bitcoin Network Bitcoin is the first decentralized monetary network secured by proof-of-work, giving it unmatched strength as a store-of-value system. The XRP Ledger, on the other hand, was built for fast settlement, low transaction costs, and a payments-focused utility. Network reliability is the baseline by which any financial infrastructure is judged. Based on this measure, both Bitcoin and the Ledger carry strong records, but one has a better record than the other. According to da...

Ripple has submitted a follow-up response to the SEC Crypto Task Force seeking clearer treatment for payment stablecoins, crypto asset non-securities and tokenized securities under broker-dealer rules. The letter, dated May 22, 2026 and shared by BankXRP on X, points to a broader push for regulatory clarity around collateral treatment, custody requirements and whether on-chain records can serve as the authoritative legal registry for tokenized assets. The document is addressed to the SEC Crypto Task Force at the US Securities and Exchange Commission and is marked as a follow-up to a prior Ripple meeting with the task force. According to the letter, Ripple met with the group on March 20, 2026 to discuss “the treatment of payment stablecoins and tokenized securities under the net capital and customer protection rules, and potential next steps for broader guidance.” “We are submitting this response as a follow-up to several questions raised in our meeting,” Ripple wrote in the visible p...

The biggest names in Bitcoin ownership quietly moved billions of dollars worth of the asset in the most recent week. Bitcoin held its ground above $74,000 when BlackRock’s iShares Bitcoin Trust (IBIT) shed over a billion dollars in BTC through consecutive daily redemptions, and a Satoshi-era miner shifted $203 million to over-the-counter trading desks, showing that someone on the other side of these transactions was absorbing the pressure. BlackRock-Linked Bitcoin Wallets Shed Over $1 Billion With IBIT Outflows Arkham Intelligence data shows that BlackRock-linked Bitcoin wallets sold every trading day last week, with total sales reaching about $1.01 billion for the entire week. The tracked movements were tied to about 15,000 BTC sent through Coinbase Prime, a flow that appears connected to redemptions from BlackRock’s iShares Bitcoin Trust, IBIT. However, the selling did not stop there, as the outflows have continued into this week. On May 25, an additional $105.19 million in...

Bitcoin’s price action has been rejected at a price level that has acted as resistance and support in the past five years. This macro resistance level that has defined Bitcoin’s price ceiling for nearly five years has once again turned back the bulls, and the consequences could be far more severe than the price action is currently pricing in. Bitcoin Rejection At Macro Resistance Bitcoin has run into a resistance level that has not mattered this much in years, in reference to the most recent rejection at $83,000 on May 6. According to a crypto analyst that goes by the name Chiefy on the social media platform X, that rejection is not just another failed rally but a reaction from a five-year macro resistance line that has touched some of Bitcoin’s most important turning points since the last major cycle. The analyst believes Bitcoin has now followed the structure he previously warned about, moving into a bull trap near $83,000 before rejecting and falling to as low as $74,000....

Once again, the Bitcoin price is gradually regaining upside momentum after its recent pullback, with many crypto analysts anticipating a move toward the pivotal $80,000 mark. Data from a key metric now shows that the BTC market is entering a cooling phase as volatility slowly subsides. Bitcoin Ongoing Market Volatility Is Easing The Bitcoin market is currently witnessing a crucial shift in conditions as the BTC Annualized Realized Volatility Index flips back toward the downside. According to Arab Chain, a market expert and author at the CryptoQuant platform, this move points to a steady cool-down in market turbulence, along with BTC’s price trading near the $76,000 level. Compared to earlier periods of extreme market fluctuations, Bitcoin’s price fluctuations are becoming less erratic, which may indicate a period of consolidation or stabilizing investor behavior. As seen in the 30-day chart, the key metric has dropped to around 0.26, which represents its lowest level since ...

XRP could create enormous wealth for long-term holders if institutional adoption and global liquidity demand expand the way some market analysts expect. That was the message pushed by crypto commentator Remi Relief, who argued that future XRP valuations could become large enough to turn regular investors into millionaires and, in some cases, even billionaires . The Big Price Theory The idea of crypto assets creating life-changing wealth is not new. Bitcoin created millionaires after climbing from under $1 in 2011 to more than $100,000 by 2025 across multiple market cycles. Ethereum produced similar stories after rising from single-digit prices in 2015 to several thousand dollars during the 2021 bull run. Solana and Binance Coin also delivered explosive gains between 2020 and 2021 as adoption and institutional attention grew.  With an infrastructure connected to something far larger than ordinary retail speculation, Remi Relief believes XRP could do the same. He recently project...

Despite recording multiple price declines in recent weeks, a crypto market expert believes that Ethereum (ETH) could still stage its biggest comeback in history. The analyst has projected a massive price spike toward $3,300, expecting it to occur within just a few weeks. He has attributed this bullish forecast to a recent shift in market dynamics, with buyers now returning after a long period of selling pressure and volatility.  Ethereum Forecasted To Nearly Double In Value Soon A pseudonymous TradingView crypto analyst known as Mrlaimfx09 has shared a compelling, strongly bullish outlook for Ethereum’s price. At the top of his report, the expert boldly predicted that ETH is preparing for its greatest turnaround yet.  Sharing a price chart, Mrlaimfx09 showed that Ethereum was trading around $2,071 at the time of the analysis. The analyst noted that price action has been holding firmly within a key weekly demand zone following a sharp market sell-off that kept the ETH price s...

A crypto analyst is raising questions over whether the famous four-year cycle theory that has governed Bitcoin’s (BTC) market trajectory in the past is now dead. The expert has shared BTC’s price movements and investor trends to prove that the cycle theory is still very much alive and playing out in the current market cycle.    Analyst Says Bitcoin’s 4-Year Cycle Is Still Active In an X post on May 23, Mags, a crypto analyst, has raised concerns about whether “the 4-year cycle is over” for Bitcoin. This debate has been spreading across the market for months now, with some experts, such as Strategy CEO Michael Saylor, stating that the four-year cycle has ended, while others believe it is still active.  Many crypto community members, in response to Mags’ post, also compared this cycle to past ones. They noted that the current BTC market is markedly different from previous cycles, due to the emergence of Spot ETFs , increased institutional flows, and broader adoption. However, af...

A crypto analyst has outlined 13 decentralized projects, including XRP, Stellar (XLM), and Ondo Finance (ONDO), that he believes could drive a fresh wave of crypto adoption . The analyst has stated that each of these projects fulfills a unique function and replaces legacy infrastructure worth trillions of dollars.  XRP, XLM, And ONDO Tipped As Next Wealth Drivers In an X social media post on May 24, X Finance Bull, a well-known pseudonymous crypto analyst, argued that the next wave of wealth in the crypto market will not come from coins that are spent on speculation or hype to grow. Instead, he believes that this wave of adoption and capital inflow will be led by infrastructure projects with proven real-world use cases.   He shared a long list of crypto networks he says are positioned to power several highly lucrative markets and functions, including payments, feeds data, real-world assets (RWAs) , and on-chain connectivity.  At the top of X Finance Bull’s list is XRP, which he ...

XRP is struggling below $1.40 as selling pressure keeps the price pinned in a range that has resisted every recovery attempt in recent sessions. The market is cautious and the direction is unclear — but an Arab Chain analysis tracking Binance liquidity conditions has identified a structural development that changes how the current weakness should be interpreted and what the next significant price movement might look like when it arrives. The 30-day liquidity index for XRP on Binance has fallen to approximately 0.043 — its lowest level since January 2020. That date requires context to feel as significant as the number demands. January 2020 predates the DeFi summer, the 2021 bull market, the FTX collapse, and the entire institutional era that has since transformed crypto market structure. XRP has not been this illiquid on Binance at any point across five years of the most dramatic market cycles the asset has ever experienced. The practical implication of a liquidity index at this leve...

Ethereum is struggling to stay above $2,100 as the market shows indecision that has left bulls and bears in a standoff without a clear resolution. A brief recovery arrived when President Trump stated that the Strait of Hormuz would be opened following talks with Middle Eastern leaders about Iran and regional peace efforts — markets interpreted the comments as a potential easing of geopolitical tensions, and both Bitcoin and Ethereum rebounded in response. The relief was real but short-lived. XWIN Research Japan has examined Ethereum’s internal market structure during the recovery and found something that complicates the straightforward interpretation of the recent price weakness considerably. The data that normally identifies a healthy market is present. Spot Taker CVD remains positive — buyers are still outpacing sellers in the order flow. Funding rates are still above zero — derivatives participants are paying to stay long rather than paying to stay short. Exchange Netflow sho...