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Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

XRP Price Prediction: Dem Nearing $2.30 Resistance

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XRP price prediction still dey bullish as XRP dey trade around $2.27–$2.28, up over 2% in 24 hours. Technical analysis show say di token don squeeze inside seven-year symmetrical triangle and regain di 50-period SMA for four-hour chart. Ascending trendline of higher lows plus rising RSI wey dey below overbought support di XRP price prediction. Key resistance levels to watch na $2.285, $2.329, $2.337 plus di $2.40–$2.47 zone. If e breakout sharp above $2.285 with correct volume fit trigger test of $2.30, $2.35 and $2.45. Support dey at $2.2175, $2.146, $2.080 and $1.7711. Traders fit consider long entries between $2.27 and $2.29 with stop-loss below $2.21. Bitcoin possible breakout above e eight-year trendline fit boost altcoin gains. Meanwhile, Solana-powered layer-2 project Bitcoin Hyper (HYPER) don raise almost $2 million for inside presale at $0.01215 per token before e planned Q1 2025 mainnet launch. This updated XRP price prediction put together key levels and market catalysts for short-term momentum and midterm trend confirmation.
Bullish
XRPPrice PredictionTechnical AnalysisResistance LevelsSupport Levels

Bitcoin Whale Move 80K BTC; H1 Crypto Funding Don Pass $10B

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One Bitcoin whale wey don lay 14 years move 80,000 BTC (about $5 billion) from dem 2009–2010 early address dem, e trigger on-chain alert dem about market wahala. Analytics company Glassnode and Chainalysis mark di transfer but dem talk say e fit be say di coins dey go cold storage again not to sell. Meanwhile, for first half 2025, crypto funding reach $10.3 billion, pass di whole 2024 amount. Venture capital dey flow enter DeFi, NFTs and blockchain infrastructure, show say investors get strong confidence. Di Bitcoin whale action and di record venture funding show say supply dynamics dey change and market get strong foundation. Traders suppose dey watch how address dey group, wetin dey happen after, and funding trends for quick price change and long term better momentum.
Bullish
BitcoinWhale ActivityCrypto FundingVenture CapitalMarket Trends

FTX Recovery Trust Dey Find Way Make Dem Freeze Crypto Payouts Temporarily for 49 Restricted Places

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On July 2, 2025, di FTX Recovery Trust tok motion for US Bankruptcy Court for Delaware to freeze crypto payout dem go creditors for 49 jurisdictions—like China, Russia, Saudi Arabia, and Ukraine—because di digital asset rules no clear or dey too restrictive and e get legal wahala wey fit show. Under di ogbonge plan, local lawyer go check if di rules for US and local law dem dey followed. If some jurisdictions no follow law, their claims go be disputed, money go return to di Trust, and creditors get 45 days to talk say dem no agree. China get 82% of di $800 million claims wey e sharp. Di court hearing dey set for July 22. Di Trust go look again dis restrictions if regulation change. New partnership wey include Payoneer for 93 jurisdictions don help crypto payout for other regions. Traders make dem watch dis legal gist well well because e fit affect money flow, time to recover money, and market feeling.
Bearish
FTXcrypto payoutsrestricted jurisdictionsbankruptcyChina

US First Solana Staked ETF Spark SOL Surge to $160

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Rex Shares and Osprey Funds go launch di fust US Solana Staked ETF (ticker SSK) for July 2. Di Solana Staked ETF go put at least 40% money for some Solana ETPs wey dey already to meet SEC own palava while e also dey give on-chain staking yields from delegated SOL. Dis setup combine public-market access with DeFi-style rewards, e fit catch di eye of institutional and yield-seeking investors as dem dey observe how SEC guidance dey change. As di launch news drop, SOL test di $150 support level again then jump reach $160, e cause over $9 million for short liquidations. Technical analysts talk say if e fit hold di $159–167 zone plus stay above di main moving averages, e fit open road to $180–200. Di bullish flag pattern plus filled fair value gap near $148 still dey support di price. Plenty companies don file for spot SOL ETF with SEC, dis one dey fire up di “Solana Summer” speculation. Traders suppose dey watch staking yields from Solana Staked ETF, regulatory updates, SOL inflows, and important support levels for signs say market go either go up more or hold steady.
Bullish
SolanaStaked ETFSOL PriceBreakoutCrypto ETFs

Kraken Don Secure EU MiCA License for Ireland to Expand Across EEA

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Kraken, one US-based crypto exchange, don collect Markets in Crypto-Assets (MiCA) license from Central Bank of Ireland. With dis license, dem fit offer trading, payment and asset management service for all 30 European Economic Area (EEA) states. Co-CEO Arun Sethi talk say dis approval go help Kraken grow their product range, plus increase both institutional and retail clients, and deliver secure, fully compliant services across EU. Dis one follow before wey dem get UK and Irish electronic-money institution (EMI) licenses and one MiFID financial instruments license. Kraken dey waka their global headquarters go Wyoming and dey streamline their operation as dem dey prepare for USA IPO. Competitors like Coinbase (Luxembourg), Bybit (Austria), OKX, Crypto.com, and Gemini dey rush to secure MiCA compliance too. Meanwhile, stablecoin issuer Tether decide say no go register USDT under MiCA, instead dem dey invest for European tokens like EURQ, EURR and USDR wey dey compliant. Dis regulatory move show how competition dey increase for Europe and highlight compliance as the main way exchange dem fit stand gidigba.
Bullish
KrakenMiCA RegulationEU Crypto MarketCrypto ExchangeIreland License

FHFA go allow crypto as mortgage collateral

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Di U.S. Federal Housing Finance Agency (FHFA) don tell Fannie Mae and Freddie Mac make board-approved plans to include spot crypto wey dey for U.S.-regulated centralized exchanges as correct reserve collateral for single-family mortgage risk assessments. Under FHFA boss William J. Pulte—wey be early Bitcoin supporter get im own BTC and SOL—only crypto wey dey under exchange custody go qualify, with mandatory risk-based haircuts and better volatility safeguards. Self-custodied assets no go count. The move follow similar steps like JPMorgan Chase wey dey accept spot Bitcoin ETFs as loan collateral and Anchorage Digital wey dey back loans with BTC, ETH and SOL. Michael Saylor and Anthony Pompliano back am, this policy fit open road for crypto-backed mortgages and make institutions dey adopt digital assets wella for U.S. housing finance.
Bullish
FHFAMortgage CollateralCrypto AdoptionBitcoinFannie Mae & Freddie Mac

MAGACOIN FINANCE Presale Dey Draw BTC & ETH Traders from SOL, LTC

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As Bitcoin (BTC) and Ethereum (ETH) dey consolidate, traders dey rotate money into high-potential presale altcoins. MAGACOIN FINANCE don quietly build momentum with capped 170 billion token supply, wey dey fully locked, plus successful HashEx smart-contract audit. On-chain data dey show steady organic wallet growth and staking activity, wey mean say long-term holders dey committed. Tokens still price below $0.01 and no major exchange listings yet, analysts see MAGACOIN FINANCE’s audited tokenomics and politically charged community story as key demand drivers. Early buyers fit make 25×–50× returns or more, just like Solana (SOL) and Litecoin (LTC) early cycles but for small market cap. Traders dey eye this asymmetric play while dey balance allocations for BTC and ETH.
Bullish
MAGACOIN FINANCEpresale tokensSolanaLitecoincrypto rotation

Ethereum Upgrade Dey Spur MAGACOIN FINANCE Rally Amid Altcoin Rotation

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Ethereum upgrade wey go happen for June 2025—wey go bring better scalability, lower fees plus better staking incentives—don push ETH pass $2,900. E make traders begin shift dia profits from Bitcoin and XRP go strategic altcoins wey get high potential. Di market dey lead by pre-sale MAGACOIN FINANCE wey get 170 billion token cap, no VC allocation, audited staking mechanics and consecutive sell-outs, with forecast price of $0.007 and fit go up to 100×. Meanwhile, XRP steady near $2.30 because of regulatory clarity and ETF speculation, SEI dey range-bound even as e get strong DeFi throughput, and analysts dey yan say VeChain (VET) na di next breakout candidate wey fit reach $0.035 because of strong enterprise partnerships. Dis capital shift show say people dey bullish for early-stage assets after di upgrade.
Bullish
Ethereum UpgradeMAGACOIN FINANCEXRPSEIAltcoin Rotation

Trump dey beg Congress make dem pass GENIUS Crypto Regulation Act as regulatory wahala dey

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US House of Representatives dey yan to push di GENIUS Act, wey na important law for cryptocurrency regulation, and ex-President Donald Trump dey support am. Lawmakers dey dey discuss how dem go fit regulate digital assets well well as di industry dey grow fast, and dem dey try unify regulatory frameworks plus make law clear. Di GENIUS Act wan fix regulatory gaps and give complete rules for US crypto sector, e don gather plenty political attention, especially with Trump backing am. Di talks for Congress dey focus on investor protection, market innovation, and balance between clear rules and promoting blockchain growth. If dem pass di bill, e fit make regulatory certainty strong, boost investor confidence, and make US strong for digital assets market worldwide. Trump involvement show say political level for crypto side dey grow, fit make legislative movement fast and affect how market people feel.
Bullish
GENIUS Actcrypto regulationTrumpU.S. Congressdigital assets

X Don Suspend Key Memecoin and Crypto Accounts, Including Pump.fun, Wey Dey Spark Industry Wahala

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Di social media platform X (wey dem alter am from Twitter) don suspend over 20 prominent crypto accounts, including top memecoin launchpad Pump.fun and e co-founder Alon Cohen, no clear explanation except sey dem break rule. Dis suspension come wen Pump.fun dey face class-action lawsuit for alleged unregistered securities and pump-and-dump schemes, e affect big projects like GMGN, BullX, Bloom Trading, and Eliza OS. People dey for community talk say e fit be sey dem use unauthorized third-party API, wey fit dey bypass X official expensive API, or na mass report from users cause am. Dis action block crypto projects main marketing and community update channle, e show how sector rely on X for reach out. Dis issue happen as Pump.fun dey prepare big token sale wey dey cause more scrutiny. GMGN and others dey appeal their bans. Lack of clearer communication from X and regulators dey add more uncertainty. Dis escalation show how risky e be to depend on social media for crypto marketing and regulation for memecoin space. Crypto traders need to dey watch token sentiment and project communication well well as broader platform action fit affect future market movements.
Bearish
X account suspensioncrypto marketingPump.fun lawsuitAPI policymemecoins

SEC don start check Truth Social Spot Bitcoin ETF and Hybrid Bitcoin-Ethereum ETF dem wey dem submit, e mean say e fit affect market

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US Securities and Exchange Commission (SEC) don officially accept filing from NYSE Arca to list and trade Truth Social spot Bitcoin ETF wey Yorkville America Digital LLC sponsor and connect to Trump Media & Technology Group’s Truth Social platform. The ETF wan track Bitcoin market price using CF Benchmarks Index and Foris DAX Trust Company LLC go dey custody am. This acceptance mean SEC don start the review but e no mean dem don approve am. Plus, Truth Social don submit Form S-1 for hybrid ETF wey go give exposure to both Bitcoin and Ethereum, with 3:1 ratio favoring Bitcoin. Before now, big spot Bitcoin ETFs from Grayscale, BlackRock and Fidelity get SEC approval, wey boost institutional demand and increase crypto market liquidity. Truth Social-branded ETFs fit bring new interest and competition inside crypto ETF space, especially because the products wan list for NYSE Arca and dem structure am as Nevada business trust. Regulatory watch still strong as market people dey observe SEC moves for signs say institutional access to Bitcoin and Ethereum dey expand. For crypto traders, these filings dey important because approval fit boost legit for spot crypto ETFs, affect investor mindset and fit touch trading volumes and liquidity for both BTC and ETH.
Bullish
Bitcoin ETFSECTruth SocialRegulationInstitutional Investment

Trump AI equity plan: US fit take stakes for big AI firms

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US President Donald Trump talk say im administration go meet AI executives to yarn about “AI equity” for Americans. The idea be make federal government try negotiate equity stakes for big AI companies so public fit benefit from the AI boom, with returns packaged as dividends or other household benefits. The administration mention say Washington already get 10% stake for Intel as example. Names wey dem report say dey involved include OpenAI, Microsoft, Meta, Google, Amazon, Oracle and xAI. New detail for later report: as of June 10, 2026, four days after the announcement, no formal invitations don send, and some companies (report say Microsoft and Google include) surprised when the matter waka public. For investors, market question na dilution risk. If government secure shares, traders go focus on how government go take get the equity—new issuance, taxpayer-funded purchases, or concessions wey dey tied to regulation or procurement. Those deal mechanics fit affect share prices and corporate governance. No crypto assets or tokens mentioned. Dem describe am as traditional equity arrangement, not tokenized ownership model. Overall, short-term outlook be uncertainty about deal terms for AI sector leaders and potential dilution wey fit follow Trump’s AI equity talks.
Neutral
AI equityUS regulationtech sectorgovernment stakesstock dilution

Crypto futures liquidations reach $208M as long dem wipe out

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Crypto futures liquidations spike reach pass di last 24 hours, dem top $208M across major perpetual futures. Di breakdown show say di liquidations na long positions full dominate, meaning say bullish leverage dey get chop quick quick. BTC get about $120M liquidated, longs make up 72.57%. ETH follow with $77.12M, longs na 70.59%, show say plenty people dey de-risk for di biggest majors. Even XAU (gold-backed token) feel stress: $11.5M liquidated, and 93.26% na longs, show say traders dey take long exposure even for “safer” gold-linked bets. For traders, di main thing na liquidation cascade: forced selling go increase downside momentum and fit make volatility worse if price no fit regain support. Watch funding rates and open interest to know if momentum don turn or if more selling fit come. Even though big crypto futures liquidations fit clear leverage and allow short-term rebounds sometimes, di immediate risk still high because macro-rate and regulatory uncertainty.
Bearish
Crypto Futures LiquidationsBitcoin LiquidationsEthereum FundingPerpetuals Open InterestLong/Short Squeeze

CLARITY Act clear for Senate Banking Committee, but Alsobrooks dey demand tougher crypto ethics

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US Senate Banking Committee pass CLARITY Act 15-9 for May 14–15, 2026. Senator Angela Alsobrooks (D-MD) vote yes but say say her support no be “blank check.” Only Alsobrooks and one other Democrat (Ruben Gallego, D-AZ) cross party line; the other nine no-voters na Democrats show worry about ethics and enforcement. Before CLARITY Act reach full Senate, Alsobrooks dey push make dem talk more on two tings: stronger measures against illegal finance and tighter ethics rules wey go limit government officials from personal digital-asset investments. One key step wey help move the bill na bipartisan stablecoin rewards compromise with Senator Thom Tillis (R-NC). Crypto platforms fit give rewards for legitimate stablecoin activity, but dem no fit offer yield products wey equal traditional bank deposits. Regulators go get clear role under CLARITY Act to show SEC vs CFTC responsibilities across digital-asset market structure. Market reaction that day sweet: Bitcoin briefly jump to about $81,500, showing traders price possible regulatory clarity. But the unresolved ethics/illicit-finance talks mean final passage fit slow and full of wahala—likely cap near-term upside and raise policy headline risk.
Neutral
CLARITY ActUS regulationSEC vs CFTCstablecoin rewardscrypto policy ethics

USDC Mint Watch: Circle don issue 250M USDC for Ethereum

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Whale Alert tok say Circle do one Ethereum transaction to mint 250M USDC from the USDC Treasury. This one increase the big USDC supply wey don already pass $40B. Traders dey track USDC mint because e fit come before money enter market, but e no mean say na sure bullish sign. Circle dey mint and redeem USDC based on demand as usual, and big issuance fit also support operational needs like cross-border payments, treasury management, or to supply liquidity to DeFi protocols. From market-structure view, the USDC mint fit improve on-chain liquidity. If the tokens move into DeFi pools or settle on centralized trading venues, traders fit see deeper order books and tighter spreads. Key takeaway for crypto traders: watch where this USDC mint go next (exchanges, DeFi lending/DEX liquidity, or idle treasury), because how e move downstream fit signal the timing and scale of possible trading pressure.
Neutral
USDCStablecoinsCircleDeFi LiquidityOn-chain Monitoring

SpaceX Bitcoin gains: $1B unrealised profit for di IPO S-1

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SpaceX Bitcoin gains don land for spotlight after dem file dia S-1 with U.S. SEC. The filing tok say SpaceX get 18,712 BTC wey dem buy for about $661M (around $35,300 per BTC). As of March 31, the position value na roughly $1.29B, meaning dem still dey hold unrealized profit of more than $780M, and market prices for the time wey dem file con push the implied value near $1.45B. For crypto traders, the koko be say SpaceX yan the BTC position don steady since late 2024 and na third-party custodians dey hold am. This one show say the SpaceX Bitcoin gains wey dem disclose more be like "investor-grade, passive corporate BTC exposure" no be say e go trigger immediate spot trading. SpaceX still dey target record IPO, wan raise about $75B and value the company above $1.75T (fit even reach $2T). Even with the big headline profits, the BTC stake na under 0.1% of enterprise value at that valuation, so short-term price effect on BTC go mainly depend on wider market flows and volatility, not SpaceX trading moves. Overall, SpaceX Bitcoin gains add to the story say corporations dey accumulate BTC like other big holders (e.g., Tesla/MicroStrategy types), but the custody plus steady position approach dey limit immediate buy/sell pressure.
Neutral
SpaceXBitcoin (BTC)SEC filingCorporate cryptoIPO

Coinbase dey allow mortgage wey use bitcoin as collateral for Fannie Mae

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Coinbase help launch di first Fannie Mae-backed US mortgage wey use Bitcoin as collateral, wey dem close on June 4 wit Better Home & Finance Holding Co. (BETR). Dem package di deal into two parts for closing: one normal Fannie Mae conforming loan and one separate loan wey di borrower digital assets wey dem dey custody for Coinbase Prime back. Main terms dey focus on collateral coverage: BTC get 250% cover (e.g., $100K borrow vs $250K BTC), while USDC get 125%. After borrower dey delinquent, dem go delay crypto liquidation until 60 days later, and borrower go get dia digital assets back after full repayment. Di product follow FHFA (June 2025) directive wey tell Fannie Mae/Freddie Mac make dem consider cryptocurrency holdings when dem dey assess single-family mortgage risk. For traders, Bitcoin-collateral mortgage na sign say crypto collateral dey enter real-world fiat lending. E fit reduce forced “sell-to-fund-down-payment” flows, and support demand for BTC and USDC. But liquidation risk still there: if BTC crash sharply, e fit make pressure increase for di second collateral-backed loan bundle even though coverage ratio high. Nationwide rollout dey expected by summer 2026, first limited to BTC and USDC.
Neutral
Bitcoin collateralCoinbaseFannie MaeUS mortgageStablecoin lending

Bitcoin ETF dem dey increase outflow as BTC/ETH dey drop and altcoin weaknes dey spread

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Bitcoin ETFs still dey under steady pressure. On June 1, investors draw $483.8M comot from Bitcoin ETFs for the 11th straight day of outflows, led by BlackRock’s IBIT (-$440.3M), plus Fidelity’s FBTC (-$37.3M) and ARK/21Shares’ ARKB (-$12.3M) also see redemptions. Total traded value na $2.96B, with net assets at $91.16B. Selloff continue on June 3 when Bitcoin ETFs record $396.6M net outflows for a 13-day run. IBIT make up $342.3M of the outflow, while FBTC get $54.3M outflows. Total traded value drop to $2.60B and net assets slip to $82.83B. Ether ETFs still weak too, extend the losing streak to 17 days. Net outflows were $52.94M on June 3 (and $44.4M earlier), with BlackRock’s ETHA and Fidelity’s FETH pushing most of the redemptions. Ether ETF traded value na $636.1M, and net assets close at $9.96B. More important for traders, the risk-off theme dey spread beyond BTC/ETH. Solana ETFs post $12.74M outflows (first negative day in over a month) and XRP ETFs see $5.34M outflows (first outflow in over a month). The standout exception na HYPE ETFs, wey gain $2.99M via 21Shares’ THYP. For positioning, the key signal still the same: Bitcoin ETFs outflows na the main driver, and the weakness dey widen across the ETF complex. If Bitcoin ETF flows no stabilise, expect cautious risk management; a turn in flows go be the clearest trigger for rebound attempt.
Bearish
Bitcoin ETFsETF flowscrypto outflowsEthereum ETFsrisk-off

PBOC USD/CNY reference rate sidon near 6.8184; na show say yuan dey steady

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People’s Bank of China (PBOC) set di USD/CNY reference rate for 6.8184, just small pass di previous fixing of 6.8187 (down 0.0003). So di PBOC USD/CNY rate remain nearly same, mean say yuan steady no be because dem wan change policy sharply. Traders normally dey use PBOC USD/CNY rate as benchmark for wetin dem expect. If dem keep di fixing steady, e fit keep USD/CNY volatility low and reduce FX wahala for hedging and cross-border flows. Dem talk say offshore yuan trading still dey inside small range after di announcement. Macro picture mixed: China dey show small recovery but property market and consumer demand still get risk. Meanwhile, US dollar dey feel small pressure as markets dey look for Federal Reserve to pause rate hikes. Crypto trading implication: because di move small too much, direct impact on crypto price action likely small. Still, steady PBOC USD/CNY reference rate fit support steadier FX sentiment overall, wey indirectly affect USD liquidity, risk appetite, and so BTC and other majors through macro channels.
Neutral
PBOCUSD/CNY reference rateyuan stabilityFX volatilityFed rate expectations

Bitmine add $52M worth ETH as price dey dip; 5% push to di treasury

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Bitmine Immersion Technologies add about $52M worth of ETH even as Ethereum (ETH) drop 4.7% for the past week. CEO/Chair Tom Lee talk say the firm buy 26,497 ETH last week. Bitmine don hold over 5.4M ETH now, wey worth more than $10.5B, confirm say na the biggest Ether treasury dem be. The company bin dey collect more than 100,000 ETH per week for three weeks early this year, but buying don slow down as the plan near the long-term target to own 5% of circulating ETH by 2026 (about 90% of the goal don already reach). Lee talk say dem slow because Ethereum fundamentals strong but e never full show for price — na common thing for early recovery when sentiment dey lag. For traders, Bitmine continuous ETH accumulation fit provide medium-term spot support, but the recent ETH price weakness mean short-term downside pressure from wider market risk sentiment still dey.
Neutral
BitmineEthereumETH treasuryOn-chain accumulationPrice dip

CoinDesk 20 dey fall as TAO drop 4% and ICP fall

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CoinDesk 20 dey trade for 1,975.1, don drop 0.8% (-14.99) since Thursday 4 p.m. ET, show say broad risk sentiment don soften. For the latest CoinDesk 20 performance update, only three out of 20 assets dey higher. NEAR (+1%) and HBAR (+0.5%) dey lead small gains, while TAO (-4%) and ICP (-3.8%) be the biggest laggards, with TAO the weakest among key components. Compared to the prior update, direction still dey same: the index dey dragged down and leadership thin. For traders, the main signal na pair-level dispersion inside CoinDesk 20. That fit raise short-term volatility around TAO/ICP and encourage rotation to relative strength (NEAR, HBAR) instead of broad market reversal. Overall, the CoinDesk 20 move look modest, no be confirmed breakout.
Neutral
CoinDesk 20Altcoin performanceBittensor TAOInternet Computer ICPMarket update

Spain tell ISP dem make dem block Polymarket and Kalshi

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Spain gambling regulator (DGOJ) don tell ISPs make dem block Polymarket and Kalshi after dem find say both dey operate for Spain without the necessary gambling licenses. The order wey dem publish for Spain official gazette still start disciplinary steps and make ISPs comply within about 7–10 days. DGOJ talk say Polymarket and Kalshi no get mandatory safeguards like age checks and controls for users wey don self-exclude. Spain licensed operators suppose run systems like self-exclusion registries, deposit limits and ID/age verification. The disruption fit last 3–4 months while dem dey investigate the case. Na the third European action this year, after moves for Netherlands (February) and Belgium (March), and e dey reinforce broader EU trend to treat prediction markets as gambling products. Wider context: Indonesia don block Polymarket before, India don move to restrict am earlier in May, and US authorities dey increase scrutiny too. For crypto traders, main risk na renewed regulatory headline volatility around crypto-linked prediction markets, and short-term sentiment likely go pressure as access tighten for Spain.
Bearish
PolymarketKalshiPrediction Markets RegulationSpain Gambling LicenseISP Blocking Orders

Solana (SOL) dey steady near $82 as $95 and $124 key levels dey loom

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Solana (SOL) dey trade for around $82 after e don drop about 70% from im high of roughly $295. Recent price action don jam for small range $78–$83, while buyers dey struggle to hold momentum. Traders dey watch these SOL levels: - Resistance: $95 na near-term trigger. If price close weekly above $95 e fit trigger short-term relief bounce. - Trend/major resistance: $124 dey align with 50-week EMA. If weekly closes remain above $124 e important to revive upside momentum. - Support: $83 must hold. If weekly closes drop below $83 downward pressure fit increase toward about $60. - Lower support zone: $81.28 down to $71.92–$77.96, wey before fit absorb selling. Signals and sentiment: Elliott Wave Academy dey point to possible Fibonacci-driven relief rally (50%–61.8%, and 78.6% if buying accelerate), while MCO Global DE call recent swings “noise” and talk say SOL still lack strong directional confirmation. SOL volume rise about 10% in 24 hours to about $3.89B, suggest say selling pressure fit dey increase even as price dey stabilize near $82. Practical takeaway: treat am as SOL support-vs-resistance setup—watch for reclaim of $95 for improvement, and $124 for higher-timeframe trend shift. (Not investment advice.)
Bearish
SolanaTechnical AnalysisSupport & ResistanceTrading VolumeMarket Sentiment

Dem don accuse Jane Street for private Telegram channel before UST crash

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One newly unseal file for Terraform Labs bankruptcy dey claim say Jane Street use private Telegram backchannel (“Bryce’s Secret”) with former Terraform intern Bryce Pratt before the May 2022 collapse of TerraUSD (UST). The administrator talk say the alleged nonpublic information allow “front-running” and help unwind large UST exposure hours before UST comot from dollar peg. The suit still point to market plumbing: after Terraform allegedly withdraw about $150M in UST from Curve 3pool on May 7, 2022, Curve reportedly see one biggest single swap of about $85M within 10 minutes, wey trigger heavy UST sell pressure (the filer no name who do the swap). On Feb 23, Todd Snyder sue Jane Street, co-founder Robert Granieri, and staff Bryce Pratt and Michael Huang for misappropriating confidential information and manipulating market prices. Jane Street deny any wrongdoing and dey ask make the case dismiss, sey Terraform dey try make them pay for fraud by Terraform management. For traders, these renewed allegations fit raise risk of tighter enforcement and higher legal/regulatory costs around UST/legacy Terra exposure, and e put liquidity-pool flows and peg-stability mechanics back for focus. For short term, this fit mean more caution and wider risk premiums for UST-sensitive positions.
Bearish
Jane StreetTerraUST crashDeFi insider tradingstablecoin regulation

South Carolina CBDC ban S.163 dey block payments and dey protect crypto mining

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Governor for South Carolina Henry McMaster sign Senate Bill S.163 on May 20, 2026 wey create legal framework for crypto use and at the same time ban CBDC for state agencies. Under di CBDC ban, no state agency, board, commission, department, or local political subdivision fit accept or require payment in central bank digital currency, nor join any Federal Reserve CBDC pilot. For everyday payments, di law stop people and businesses from accepting cryptocurrencies for goods and services. E also exempt crypto payments from extra state or local taxes, fees, or assessments. The bill also strong crypto mining rights: local governments no fit use discriminatory zoning or targeted sound-level restrictions to curb mining, and mining dey exempt from some money-transmitter licensing requirements. The article mention say Kentucky pass similar approach for March 2025. For traders, dis na constructive adoption story, but e still na state-level policy, so any impact on BTC go limited. The CBDC ban fit small reduce perceived regulatory friction for the region without changing federal market fundamentals.
Neutral
CBDC banUS state crypto lawsCrypto mining regulationDigital paymentsLegislation

Strait of Hormuz: Iran don free transit, chances say US go blockade don reduce

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Strait of Hormuz still tense as Iran dey reportedly allow ships to "transit freely", even as US keep naval blockade posture cos tensions between US–Israel–Iran dey escalate. Iran also ask BRICS to condemn US and Israeli actions, while US–Iran talks reportedly stall over security guarantees and recognition of Iranian sovereignty. Oil trade disruption estimated about ~20% of global flows, with mines and drones mentioned as countermeasures. For crypto traders tracking event-driven geopolitics, the prediction market "US blockade lift by May 31, 2026" priced around 23.5% (down from ~24%). Another market "20 ships transit on a given day by May 31" sit near 60% for "YES", suggesting partial normalization more likely than full reversal of US action. Bottom line: this modestly supports risk-sensitive positions linked to Middle East shipping and energy volatility, but e no mean clean de-escalation signal since no formal US blockade-lift announcement don happen. Watch for statements from Donald Trump and Iranian leaders, and outcomes from BRICS (May 14–15), which fit quickly shift probability pricing.
Neutral
GeopoliticsStrait of HormuzPrediction MarketsIran-US TensionsOil Supply Risk

Coinbase CEO dey beg Senate make dem pass Senate Clarity Act for stablecoins and tokenization

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Coinbase CEO Brian Armstrong bin beg Senate for make dem pass Clarity Act, call di vote "big opportunity" to improve US financial infrastructure. Before Senate Banking Committee go decide, e talk say Wall Street don begin use digital assets, banks don start to use stablecoins and tokenized fund structures to satisfy customers. Armstrong yarn say Clarity Act na compromise wey go help banks and crypto firms operate transparent and lawfully. E emphasize say banks and Coinbase don dey partner for like 14 years, and banks investment for Coinbase don benefit both sides. Article still talk say political messages dey try reassure senators wey never decide. For markets, the recent Clarity Act momentum fit boost risk appetite for US crypto regulation—especially stablecoin issuance and tokenization-linked DeFi narratives. But traders suppose dey aware of near-term headline risk, because the markup go likely get over 100 amendments wey cover stablecoin rules, developer protections, ethics, and enforcement. Institutional positioning still highlighted: while US spot Bitcoin ETF see local ~$635M retail outflow, corporations increase holdings to 46,872 BTC in April (about 10.5x January). Main things to watch after Clarity Act vote: stablecoin-related policy details, DeFi/tokenization sentiment, and wider crypto risk conditions wey dey affect BTC.
Neutral
U.S. Crypto RegulationStablecoinsTokenizationCoinbaseClarity Act

Clarity Act Amendments: DeFi Rules, Stablecoin Yield, Cyber Center

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Before one big Thursday vote, members for di U.S. Senate Banking Committee don put dozens last-minute amendments to di Clarity Act, one bill wey dey aim make U.S. crypto market structure clear. Most proposals dem go likely fail, but di final wording for Clarity Act fit still change quick, especially for stablecoin yield and DeFi exemptions. Main amendment themes wey traders suppose watch: - Stablecoin yield and government support - Jack Reed dey target changes wey concern stablecoin yield practices. - Tina Smith wan make e illegal for U.S. government to give financial help to crypto firms wey fit fail or go bankrupt. - DeFi regulation, AML/sanctions, and BRCA removal - Andy Kim dey push DeFi provisions wey focus on national security, including proactive AML and sanctions compliance for businesses wey dey earn big revenue from DeFi. - Warren wan stronger conflict-of-interest limits for di president, senior officials, members of Congress, and their immediate families. - Reed propose make dem remove di Blockchain Regulatory Certainty Act (BRCA) safe-harbor wey right now dey give DeFi exemptions and protection for developers. - Warren also support one blacklist idea for platforms wey linked to repeated illegal activity. - Treasury cyber capacity (Republican push) - Bill Hagerty and Dave McCormick propose permanent Digital Asset Cyber Innovation Center for U.S. Treasury to fight state-actor threats. - Non-crypto add-ons - Warren put unrelated governance provisions (e.g., release of records tied to Jeffrey Epstein) and other non-crypto policy items. Trading relevance: Uncertainty about how Clarity Act go treat DeFi safe-harbors (BRCA) and stablecoin yield fit quickly reprice regulation-driven risk, liquidity expectations, and demand for DeFi collateral. Even if committee move am, e no mean say e go pass; Senate pass usually need 60 votes and then House approval.
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US SenateDeFi regulationStablecoin yieldAML sanctionsCBDC ban