Crypto Industry News & Market Trends

Kids Are Spending Nearly 7 To 9 Hours A Day On Screens, More Than Average Sleep Times

A new report by the Department of Health and Human Services (HHS) and the Office of the Surgeon General has found that children and adolescents are spending more time than ever before on screens. Specifically, kids are spending nearly seven to nine hours a day on entertainment screens, which is often the same amount or more time than spent on sleeping, in-school or in other activities, such as exercise or engaging with peers.　　HHS Secretary Robert F. Kennedy, Jr. explained that “Children today spend more time on screens than sleeping, exercising, or engaging face-to-face with family and friends — and we are seeing the consequences in rising rates of anxiety, depression, obesity, and developmental challenges.” As a part of a broader effort to help curtail these ill effects, HHS has released a comprehensive advisory report on the harms of screen use and how parents can help promote healthy habits.　　Key takeaways from the advisory report include: that early and frequent exposure to screens may cause developmental issues and poorer language outcomes; excessive screen time may lead to poorer education outcomes and progress; mental health and behavioral declines are associated with screen time; and that screen time may severely disrupt routine sleep and

05-30Industry

Bitcoin Whales, Dolphins Signal Bearish Outlook as Growth Stalls

Bitcoin‘s largest holders are signaling bearish conditions as both whale and dolphin cohorts show stagnation or contraction in their balance growth, according to CryptoQuant’s latest report. As of May 29, Bitcoin (BTC) is trading at $73,169, up a negligible 0.0011% in the past 24 hours, but on-chain data suggests structural demand is weakening.　　Whales—entities holding between 1,000 and 10,000 BTC—saw their balance growth turn negative in May, marking the fastest contraction this year. Monthly growth has also been flat since February, signaling a shift from accumulation to mild distribution, a pattern reminiscent of the 2022 bear market. Dolphins, holding between 100 and 1,000 BTC, are still growing on an annual basis but at a sharply decelerated pace. CryptoQuant notes that dolphin balances have printed lower highs since September 2025, further contributing to demand stagnation.　　These trends come as Bitcoin long-term holder supply hits a record 15.8 million BTC. While this may appear bullish, CryptoQuant argues it reflects a lack of new market entrants, a configuration historically associated with bearish phases. Analyst Tim Sun from HashKey Group confirmed that unrealized losses in Bitcoins supply recently approached 50%, the highest since the 2022 bear market bottom. He suggested a potential downside range of $40,000

05-30Industry

Lummis: Next Crypto Legislation Window Is 2030

If the bill fails to clear both chambers before the end of the current congressional term, the entire legislative process will reset.　　Moreover, the Republicans are expected to lose the midterms, which will further complicate things. The Democrats, who have been alienated by the pro-GOP cryptocurrency industry, could push favorable crypto regulation to the back burner for years.　　Lummis has warned that a prolonged delay will leave developers without safe harbors and guidelines. At the same time, there will be no tools for effectively targeting and prosecuting bad actors.　　The current state of the much-talked-about bill　　The Clarity Act is, of course, the most comprehensive attempt to establish a federal framework for the American crypto industry.　　As of late May 2026, the bill sits at an uncertain crossroads. The legislation cleared the U.S. House of Representatives with bipartisan support almost a year ago. It then stalled in the Senate due to bipartisan scuffles and the frictions with the banking sector.　　Finally, the Senate Banking Committee recently approved an amended version of the bill in a 15–9 bipartisan vote. However, the bill has yet to receive a full floor vote in the Senate, nor has a final reconciled version between the House and Senate been put on

05-30Industry

XRP rebounds above $1.30 after volume surge, but bears still control the bigger picture

XRP finally found buyers near the bottom of its range after spending much of May grinding lower, but the rebound hasnt changed the broader setup yet. The move above $1.30 came with one of the strongest volume bursts in days, though price remains well below the levels that would signal a genuine trend reversal.　　News Background　　• XRP sentiment has deteriorated sharply in recent weeks, with on-chain data showing the average active trader sitting on roughly 47% unrealized losses.　　• Analysts remain divided between a final washout lower and the start of a recovery phase, with several pointing to deeply negative sentiment readings that historically appeared near local bottoms.　　• Derivatives activity has cooled from earlier peaks, although speculative positioning on Binance remains elevated relative to recent averages.　　Price Action Summary　　• XRP rose from $1.2959 to $1.3060 during the 24-hour session, recovering from lows near $1.2693.　　• The strongest move came during the May 28 14:00 UTC session, when volume surged to 107.9 million XRP and pushed price through resistance near $1.29.　　• Momentum faded later in the day, with XRP settling into a narrower consolidation range between roughly $1.30 and $1.32.　　Technical Analysis　　• The move higher broke a pattern of consecutive lower lows that had defined XRPs

05-30Industry

Cardano Leaders Rally Last-Minute Support for $2 Million Singapore Summit Vote

Governance Action Votes. Source: adastatWhat the Revised Proposal Funds　　The treasury request, equivalent to about $2 million at current ADA prices, would finance a two-day Cardano Summit on October 5 and 6 in Singapore.　　The proposal lands as the community debates treasury allocations and stress-tests spending discipline.　　“If you have not voted yet, I encourage you to vote yes today for the revised Cardano Summit proposal,” Hoskinson urged.　　Singapore Pivot and New Accountability Rules　　The Foundation pitched Singapore as Cardanos first major summit in Asia, citing access to regional builders, asset managers, and regulators.　　The revised plan trimmed the original budget by 22%, dropped the TOKEN2049 sponsorship tie, and added milestone payments, independent audits, and a public spending dashboard.　　Fund administration would run through a smart contract built by Sundae Labs, with provisions returning unused ADA to the growing on-chain treasury.　　An oversight committee involving Intersect and DQuadrant would track milestones under the Cardano constitution framework.　　A Test of On-Chain Governance　　The vote functions as another stress test of Cardanos shift to ADA governance under the Chang hard fork.　　EMURGO CEO Phillip Pon publicly supported the alignment, while some DReps voted no, citing fiscal discipline and competing priorities given current market conditions.　　Hoskinson has spent recent months signaling broader governance changes ahead

05-30Industry

Lenovo Rallies 109% on AI, Dimon Attacks Clarity Act, Pi Whale Tops 400M

Lenovo‘s stock posted a 109% rally in May 2026 — its strongest monthly performance since 1999 — driven by an AI server boom that has reshaped enterprise computing economics. Shares of the world’s largest PC maker have more than doubled this month, lifting Lenovo to the top of the Hang Seng Index year-to-date with a 159% gain. The rally followed quarterly results showing $21.6 billion in revenue, up 27% year-on-year, with net profit surging 479% to $521 million. Goldman Sachs more than doubled its price target after the print. AI-related revenue now accounts for 38% of total quarterly sales, growing 84% year-on-year and signaling a structural shift in how legacy hardware vendors capture data center spending.　　JPMorgan Chase CEO Jamie Dimon escalated his opposition to the pending Clarity Act this week, calling the crypto market structure bill a threat to the financial system and labeling Coinbase CEO Brian Armstrong “full of sh*t” in a televised interview. Dimon argued that allowing crypto firms to pay interest on stablecoin holdings would let them function as banks without the corresponding regulatory burden — including Anti-Money Laundering rules, FDIC insurance, capital requirements, and liquidity standards. He warned that cross-border stablecoin payments create untraceable money flows

05-30Industry

Trezor Adds USDC, USDT Yield via Morpho Integration

Trezor, the hardware wallet provider, has introduced native stablecoin yield functionality for USDC and USDT within its Trezor Suite application, the company announced on May 28, 2026. This integration, powered by decentralized lending protocol Morpho, allows users to earn yield on stablecoins without needing to use external wallets or DeFi platforms, reducing complexity and potential security risks.　　At launch, Trezor users can access two pre-selected Morpho vaults: USDC Prime and USDT Prime. These vaults are curated by Steakhouse Financial, with yield generated from borrower demand rather than token incentives. Deposits, withdrawals, and reward claims are all processed directly via Trezors hardware wallets, utilizing a clear-signing interface that displays transaction details in human-readable format.　　Morpho, built on Ethereum, has gained significant traction in the decentralized finance (DeFi) space. As of early May 2026, the protocol reached $7.2 billion in total value locked (TVL), making it the second-largest DeFi lending protocol after Aave. Morphos vault infrastructure, which adheres to the ERC-4626 standard, is actively managed by independent curators like Steakhouse and Wintermute, optimizing risk-adjusted returns for depositors.　　DeFi Simplification for Hardware Wallet Users　　Trezor‘s move reflects a broader trend among wallet providers seeking to integrate DeFi features directly into their platforms. Ledger, Trezor’s main competitor, already

05-30Industry

British Olympian Charged for Cryptocurrency Scam and Proliferation

CJ Ujah is in court for alleged involvement in cryptocurrency scams and cannabis sales.Ujah is charged with 10 others for tricking victims and stealing funds from their wallets.Celebrity involvement in crypto scams is a recurring issue in the cryptocurrency industry.　　Prosecutors in Britain have charged CJ Ujah, who represented Team GB at the Tokyo Olympics in 2021, alongside nine other suspects at the Chelmsford Crown Court for running an elaborate scam involving cryptocurrencies and distributing illicit products.　　Ujahs Crypto Scam and Cannabis Allegations　　According to the prosecutors, Ujah and his gang engaged in phone calls to multiple victims, while purporting to be police officers and cryptocurrency companies. They tricked the victims into sharing crucial security details, which they used to steal funds from their crypto wallets. One of the victims allegedly lost more than 300,000 pounds to the suspected criminals.　　Besides stealing crypto, the Crown Court also indicted Ujah for supplying cannabis on April 29. Meanwhile, all 10 defendants are facing charges of conspiracy to defraud, according to the Regional Organized Crime Unit Network. As of Thursdays hearing, none of the defendants were asked to enter a plea. However, they will appear at the Chelmsford Crown Court for the next hearing on July 24.　　Ujah,

05-30Industry

Treasury bonds rally as dollar index sinks to 98.8

U.S. treasuries climbed while the dollar bond index dropped to an intraday low of 98.8, signaling a notable swing in risk sentiment across global markets.Gate data shows U.S. Treasury bond prices rising as the DXY falls intradayThe dollar index touched 98.8, slipping below the 100 base level for the benchmarkMoves come as markets reassess Fed policy, inflation path and demand for safe assets　　According to Gate market data, U.S. Treasury bonds “continue to rise” while the U.S. dollar index, DXY, “has fallen to an intraday low,” currently quoted at 98.8 against a base value of 100. The move underlines a familiar macro trade: investors buying Treasuries as a haven while the dollar softens against a basket of major currencies.　　The DXY is a reference index that tracks the dollar against six peers, including the euro, yen and pound, with 100 set as the benchmark level when the index was created in 1973. A reading of 98.8 implies the dollar is trading roughly 1.2% below that base, extending a decline that recently saw the index oscillate around the 99 to 101 range as traders reacted to shifting Federal Reserve expectations.　　Bonds bid as dollar slips　　Rising U.S. Treasury prices imply falling yields, a notable shift

05-30Industry

Lithium Price Analysis: China Futures Rise Amid Weak Spot Demand

Futures for lithium carbonate closed up for Mysteel, following news of a postponed resumption at its Jianxiawo mine. The update was good for sentiment as market participants considered whether supply recovery could be slower than anticipated.　　The market discussion was also opened by Zimbabwes government, which announced that 14 minerals, including lithium, nickel, cobalt, and graphite, are critical. The declaration establishes a compulsory minimum state interest via a special purpose vehicle.　　The action comes in the wake of broader resource control activity in the critical minerals sector. The addition of another policy layer over global supply expectations for lithium comes on top of other factors, such as the increasing importance of governments to have tighter control of battery raw materials.　　Buyers Stay Selective Before June　　Downstream buyers were not in a hurry to build inventories, Mysteel said. Trading volumes were low over the day, but prices were improving during the session. That suggests that its not a matter of aggressive restocking but selection.　　Nevertheless, the demand side is not nonexistent. Several LFP cathode plants are still increasing new capacity, suggesting increased production volumes could be seen in June. This may help drive lithium carbonate demand if battery material production is as anticipated.　　Chinas push to invest

05-30Industry

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