Crypto Industry News & Market Trends

164 Billion Shiba Inu (SHIB) in 24 Hours: Netflows Finally Ease

Tech　　164 Billion Shiba Inu (SHIB) in 24 Hours: Netflows Finally Ease　　Bitcoin Ethereum NewsNetflows spike upKey support for the price　　On-chain data indicates that exchange netflows of Shiba Inu have started to ease considerably. The most recent metrics show that SHIB recorded a total exchange netflow of about -164 billion tokens over the previous 24 hours at the time of writing, indicating that more tokens are still leaving exchanges than entering them.　　Netflows spike up　　Exchange netflows quantify the variation in tokens entering and leaving centralized trading platforms. Investors withdrawing assets from exchanges is usually indicated by negative netflows, which frequently lessen the immediate sell-side pressure. The most recent reading indicates a significant change from the higher exchange activity observed earlier this month, even though a single day of data does not prove a trend reversal.　　SHIB/USDT Chart by TradingView　　The improving narrative is supported by the larger on-chain picture. Over the past day, exchange reserves have decreased by an additional 0.19%. Concurrently, there have been slight increases in active addresses, transfer activity, and velocity, indicating that network participation is still steady despite poor price performance.　　Bitcoin (BTC), Zcash (ZEC), Ethereum (ETH) and XRP Price Analysis for May 30: Bearish Pressure Emerges　　JPMorgan Boss on Crypto Bill: ‘We’ll

05-30Industry

STRC slips below par as Strategys (MSTR) cash reserves face growing scrutiny

Strategys perpetual preferred security, Stretch (STRC), fell as low as $97.11 on Thursday as bitcoin slipped to the $73,000 mark.　　STRC tends to face selling pressure during bitcoin drawdowns and in the days immediately following its ex-dividend date, as seen on Nov. 20 and Feb. 5. The ex-dividend effect typically results in a price adjustment reflecting the value of the dividend, while periods of bitcoin weakness can reduce investor appetite for Strategy-related securities. Together, these factors have historically created short-term pressure on STRCs market price.　　The company has structured STRC to trade near its $100 par value, as maintaining that level enables Strategy to continue issuing shares through its at-the-market (ATM) program and raise additional capital efficiently.　　Strategy repurchased $1.5 billion of its 0% convertible senior notes due 2029 recently, reducing its overall debt burden. However, the buyback was funded using cash from the company‘s U.S. dollar reserve. Strategy’s cash balance declined from approximately $2.25 billion to $871 million as a result.　　Based on the companys current annual preferred dividend obligations of roughly $1.7 billion, the remaining cash reserve now provides only about six months of coverage but was initially implemented to cover the dividend obligations for 24 months.　　Executive Chairman Michael Saylor discussed several

05-30Industry

XLM up +23.97%, BTC -0.14%, Stellar is The Coin of The Day - Daily Market Update for May 30, 2026 | CoinCodex

Key highlights:The total cryptocurrency market cap increased from $ 2.47T to $ 2.47T in the past 24 hours, representing a 0.09% changeThe Bitcoin price at press time is $ 73,605 after falling by -0.14% in the last 24 hoursThe total crypto trading volume increased by 4.62% in the past 24 hours, and is currently at $ 235.14BAll prices and changes are presented at the time of publication: May 30, 2026, at 06:00 UTC　　Market Overview　　The total cryptocurrency market cap is currently $ 2.47T after a 0.09% increase on the day. The total crypto trading volume increased by 4.62% in the same time frame.　　Bitcoin is trading at $ 73,605 after seeing a -0.14% loss in the last 24 hours. The Bitcoin dominance fell by -0.18% and BTC currently represents 59.70% of the cryptocurrency market.　　Top Coins By Market Cap　　At press time, Bitcoin has a market capitalization of $ 1.47T after losing -0.14% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by null% and reach null by Invalid date. To learn more about how the price of Bitcoin could change over the next 7 days, visit our Bitcoin price prediction page.　　Ethereum, which is the second-largest cryptocurrency by

05-30Industry

Bitcoin Climbs Above $74,000 After Trump Signals Strait of Hormuz Shipping Restart

Bitcoin　　Bitcoin Climbs Above $74,000 After Trump Signals Strait of Hormuz Shipping Restart　　Bitcoin Ethereum News　　Reclaims $74,000 Following Intraday Dip　　On Friday, May 29, reclaimed $74,000 just a few hours after it plunged to a multiweek low of $72,395. The s surge followed reports that Iran and the U.S. had reached an agreement to reopen the Strait of Hormuz, a critical shipping lane through which 20% of the global crude oil supply passes.　　spent the early morning oscillating in a tight range between $73,000 and $73,500 before diving. Just after 5 a.m. EST, the shed over $1,500 to hit a daily low. But the market quickly reversed course as reports emerged of a Washington-Tehran agreement. Once U.S. President Donald Trump confirmed the deal via Truth Social, a massive wave of buying propelled to $74,223.　　Although the dipped back below $74,000 by 1:55 p.m. EST, it maintained a 24-hour gain of roughly 0.6%. The marginal increase narrowed bitcoins 30-day losses to 2.7% and pushed its market capitalization past $1.48 trillion.　　Although the reported memorandum of understanding remains subject to formal ratification by Trump and Iranian leadership, the presidents social media confirmation was enough to spark a market reversal—igniting a rally in U.S. equities while triggering a sell-off

05-30Industry

IOTA rockets 14% as whales accumulate - Perps back the move

Tech　　IOTA rockets 14% as whales accumulate – Perps back the move　　Bitcoin Ethereum News　　IOTA has posted a 14% gain, and the conditions supporting further upside remain clearly intact in the near term.　　Spot activity, whale involvement, and perpetual market funding are all aligning to set IOTA up for a continued run in the market, and the convergence of these signals makes the current setup worth paying close attention to.　　Whale delta holds positive as Spot buyers accumulate　　Whale involvement in the IOTA market has been running high, with the whale-versus-retail delta maintaining a positive reading of 0.341 in the market.　　A positive reading in this metric signals that there is ongoing net whale accumulation outpacing retail involvement in the market.　　This trend has been strengthening since the 22nd of May, and given that whales are known to control a significantly larger portion of market liquidity compared to retail traders, their sustained accumulation carries meaningful implications for where price heads next.　　Source: CoinGlass　　The Spot market has reinforced this picture with rising buying activity over the past two days, with accumulation growing significantly within that period.　　Spot netflow data shows net buying has reached approximately $232,000, as traders continue to show clear interest in IOTA and accumulate more of the

05-30Industry

Trump Pushes CLARITY Act to Future-Proof Crypto Regulation

U.S. President Donald Trump has announced his support for codifying a “future-proof digital asset market structure,” referring to the pending Digital Asset Market Clarity Act (CLARITY Act). In a statement posted to his Truth Social platform on May 28, Trump vowed that the legislation would shield the crypto industry from what he called “crypto haters” in future administrations.　　The CLARITY Act, which passed the House in July 2025, has since faced delays in the Senate due to political gridlock, conflicts of interest, and concerns over ethical provisions. The bill has advanced through Senate committees but requires bipartisan support to pass the chamber, where Republicans hold a narrow majority. While Trump claims the Act will provide certainty for the crypto market, its progress remains uncertain, as some lawmakers demand stricter ethics clauses tied to industry regulation.　　Trump‘s latest move aligns with a broader pro-crypto agenda he has championed since his return to the White House in 2025. This includes Executive Order 14178, signed in January 2025, which aimed to strengthen U.S. leadership in digital financial technology. In March 2025, Trump formally authorized the creation of a U.S. Strategic Bitcoin Reserve, further solidifying his administration’s commitment to cryptocurrency.　　However, skepticism lingers over Trump‘s personal ties

05-30Industry

Can XRP Repeat Stellar (XLM) Price Success After DTCC Integration?

Tech　　Can XRP Repeat Stellar (XLM) Price Success After DTCC Integration？　　Bitcoin Ethereum NewsWhy the DTCC announcement only sparked one tokenShould XRP investors expect a repeat？　　The historical correlation between XRP and Stellar (XLM) has officially cracked this week. While XLM jumped 50% in just a couple of days after the announcement of a partnership with clearing giant DTCC and erased its yearly decline, XRP remained near the bottom with a YTD result of -29.15%.　　We break down why XRP cannot repeat this move through the DTCC angle, but is preparing much heavier artillery.　　Why the DTCC announcement only sparked one token　　The main paradox of the May split between the charts lies in the timeline, since Ripples ecosystem interacted with DTCC two months earlier, in March 2024.　　Bitcoin (BTC), Zcash (ZEC), Ethereum (ETH) and XRP Price Analysis for May 30: Bearish Pressure Emerges　　JPMorgan Boss on Crypto Bill: ‘We’ll Fight It　　But after the announcement of Stellars integration, the clearing giant, which processes quadrillions of dollars per year, now has fundamentally different integrations with both projects in terms of substance and timing:Stellar (XLM): The market reacted to a fresh and tangible trigger, namely the launch of tokenized Russell 1000 stocks, major ETFs and U.S. Treasuries directly on the

05-30Industry

Kalshi follows CFTC in suing Minnesota over its law criminalizing prediction markets

Prediction market Kalshi filed a federal lawsuit against a Minnesota bill to criminalize operating, hosting or promoting such a platform in the state starting Aug. 1.　　The filing follows a motion filed by the Commodity Futures Trading Commission (CFTC) on May 19, the day after the law was signed by Governor Tim Walz, arguing that the legislation violated the U.S. Constitution by criminalizing at the state level the operation of prediction markets governed by federal regulators.　　In its filing, Kalshi claimed the law violates the Supremacy Clause of the constitution, which says the federal Commodity Exchange Act (CEA) grants the CFTC “exclusive jurisdiction” over derivatives and swaps traded on designated contract markets (DCMs).　　The platform also challenged a provision that criminalizes the marketing or advertising of prediction markets, saying it violated the First Amendment.　　On Wednesday, U.S. President Donald Trump said it was critically important that the CFTC maintain sole authority over prediction markets, echoing CFTC Chair Michael Seligl.　　Kalshi has recently won similar preliminary injunctions against enforcement attempts in New Jersey and Arizona.　　Prediction markets are facing challenges outside the U.S. and in the past week have been banned in countries including Indonesia, Spain and India.　　The U.S. government is conducting a probe into prediction markets,

05-30Industry

Gemini Taps Grok for Custom AI-Powered Prediction Markets

The tool is powered by Grok, the AI model created by SpaceXAI, a division of Musks rocket-building company SpaceX that runs Grok and the social media website X.　　Gemini is one of several crypto exchanges expanding beyond spot and derivatives trading into prediction markets and AI amid a crypto market slump that has caused trading volumes and profits to sink.　　Last month, Gemini introduced a feature letting users connect AI models like ChatGPT and Claude to their trading accounts to autonomously monitor markets and even execute trades on their behalf.　　Gemini prediction markets revenue hits $400,000 in Q1　　Gemini said in its first quarter results released earlier this month that its prediction markets platform made a revenue of $400,000 from 20,000 users, a fraction of the revenue and users recorded on market leaders Kalshi and Polymarket.　　Gemini reported a 42% year-on-year increase in revenue to $50.3 million for the quarter as it continued expanding from a crypto-native trading platform into a financial services company.　　Gemini also managed to trim its quarterly net loss by 27% year-on-year to $109 million.　　Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraphs Editorial Policy and aims to provide accurate and timely information. Readers are

05-30Industry

Analyst Compares This Bitcoin Bear Market To Previous Cycles To Show What’s Coming Next

Bitcoin　　Analyst Compares This Bitcoin Bear Market To Previous Cycles To Show Whats Coming Next　　Bitcoin Ethereum News　　Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scotts dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.　　Scott‘s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.　　With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author

05-30Industry

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