Crypto Industry News & Market Trends

Kalshi Sues Minnesota Over New Prediction Market Ban

Tech　　Kalshi Sues Minnesota Over New Prediction Market Ban　　The company argues that prediction markets fall under the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC) and that Minnesotas law conflicts with federal authority. Kalshi is seeking a court order to block enforcement of the law while the case proceeds.　　Kalshi Takes Minnesota to Court　　launched a legal challenge against the state of Minnesota after Governor Tim Walz signed legislation that would prohibit prediction market platforms from operating in the state.　　The lawsuit was filed in the US District Court for the District of Minnesota, and names Walz, Attorney General Keith Ellison, and other state officials as defendants. Kalshi argues that the law violates the US Constitutions Supremacy Clause, which establishes that federal law takes precedence over conflicting state regulations. The dispute centers on a recently enacted Minnesota law that bans prediction market activities and is scheduled to take effect on Aug. 1.　　Prediction markets have become very popular over the past year by allowing users to speculate on the outcomes of real-world events ranging from elections and sports to developments and economic indicators. Platforms like Kalshi and have seen a lot of growth and have attracted billions of dollars in valuations as interest in

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UNI Price Prediction: $2.80 Target Looms as Technical Foundation Crumbles

The Immediate Setup　　UNI carved out a devastating -7.12% daily candle that obliterated multiple moving averages in a single session. Currently trading at $3.05 and pressed against its lower Bollinger Band, the token displays textbook distribution characteristics that institutional traders recognize as coordinated selling pressure. The momentum picture has deteriorated rapidly, with oscillators flatlining while the MACD histogram sits lifeless at zero – a clear sign that buying interest has evaporated. Every attempt to rally from the days $3.02 low gets immediately sold into, creating a $3.32 to $3.02 range that tells the complete story of bear market control.　　Key Levels Under Siege　　The mathematical reality of UNIs position reveals structural weakness beyond simple pullback territory. Trading 14% below its 20-day SMA at $3.53 and 32% under its 200-day SMA at $4.47, the token has officially entered breakdown mode rather than healthy consolidation. Blockchain.news technical framework identifies critical support clustering between $2.94 and $2.82, representing the final defensive line before potential capitulation selling emerges. The former support at $3.24 has transformed into ironclad resistance, where any bounce attempts will face aggressive selling from trapped positions seeking exit liquidity.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from

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China Works on AI Token Futures in Race Against U.S. GPU Compute

Tech　　China Works on AI Token Futures in Race Against U.S. GPU Compute　　China is working to design AI token futures contracts, the smallest units of information in AI models.Chinas daily AI token usage has surged since early 2024, reaching over 140 trillion tokens by March 2026.China experts are pushing token futures to compete against US GPU compute futures in the global AI race.　　Chinas Shanghai Futures Exchange (SHFE) is in the very early stages of researching and designing artificial intelligence (AI) token-based futures. AI token daily usage in China has surged since early 2024, reaching over 140 trillion tokens per day by March 2026. This move is also partly driven by intensifying AI rivalry with the United States, which is developing GPU compute futures.　　China Designs AI Token Futures Contracts　　According to sources, SHFE is researching and designing token-based futures, the smallest units of information processed by AI models, often described as the “digital fuel” or raw material that powers AI and is used to price AI services.　　The contracts will allow companies across the AI supply chain to hedge against volatile AI costs by standardizing and trading these tokens as a new asset class. This fits into Chinas push to treat AI as a

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ICE CEO questions unequal treatment of onchain perpetuals market

Jeffrey Sprecher, chief executive officer of Intercontinental Exchange (ICE), has said the company wants equal regulatory treatment as it evaluates opportunities in the fast-growing market for onchain perpetual futures.ICE CEO Jeffrey Sprecher said regulators should clarify whether traditional exchanges can offer onchain perpetual futures under the same rules applied to existing platforms.CE has held multiple discussions with Hyperliquid as the exchange operator explores opportunities in blockchain-based derivatives markets.Growing interest in 24-hour trading of oil and other assets has pushed regulators to consider how perpetual futures should be supervised, according to Sprecher.　　Speaking at a Bernstein conference on May 27, Intercontinental Exchange CEO Jeffrey Sprecher said the company has been discussing blockchain-based perpetual futures with regulators while also holding multiple meetings with the Hyperliquid team to better understand the fast-growing sector.　　Sprecher‘s comments come weeks after Bloomberg reported that ICE and CME Group had spoken with Capitol Hill officials about potential risks tied to Hyperliquid’s markets, particularly those connected to global oil trading.　　According to Sprecher, those discussions were not an effort to target Hyperliquid but part of ICEs effort to determine whether existing regulations would permit similar products.　　“What we are saying to the regulators is, ‘Can we do that？’ Why are you prohibiting

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UK targets Russian sanctions evasion in digital asset sector

Tech　　UK targets Russian sanctions evasion in digital asset sector　　The United Kingdom‘s Foreign Secretary, Yvette Cooper, has announced new sanctions targeting digital currency in a bid to shut off “financial lifelines that sustain Putin’s war machine,” including adding digital asset exchange HTX to the countrys list of sanctioned entities over its support of Russia.　　On May 26, the U.K. Foreign Office revealed it would be ramping up measures against digital asset networks used to bypass Britains sanctions, in an effort to prevent Russia from exploiting the sector to circumvent the heavy economic sanctions placed on the country since its illegal invasion of Ukraine in February 2022.　　“If the Kremlin thinks it can evade our sanctions by hiding behind crypto networks and shadow financial systems, it is gravely mistaken,” Foreign Secretary Cooper said in a May 26 press release. “The UK is adapting and strengthening our approach to target the evolving tactics Russia is using to evade restrictions.”　　She added that “we are tracking down and shutting off the financial lifelines that sustain Putin‘s war machine. There will be no safe havens for those enabling Russia’s aggression.”　　The package of 18 designations announced by the Foreign Office was designed to directly target Russias illicit financial infrastructure

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XRP Traders Hit 47% Losses as Santiment Flags Historic Dip-Buy Setup

MVRV helps traders compare current market value with realized value, making it useful for spotting whether holders are sitting on heavy losses or profits. The measure can highlight capitulation risk, trader exhaustion, and potential rebound conditions after heavy selling. Santiment said “weak MVRV readings alone do not guarantee a reversal,” though they can show that “the majority of panic selling has already occurred.” Those conditions can leave more responsive to catalysts tied to exchange-traded funds (ETFs), regulatory clarity, and Ripples adoption narrative.　　ETF Inflows and Weak Sentiment Shape s Setup　　Recent market data shows institutional and treasury-related interest continuing while retail sentiment remains weak. fell nearly 6% over the past week during broader rotation, yet XRP-focused investment products still recorded $1.55 million in inflows while spot saw $333.71 million in outflows. Evernorth described s longer-term value proposition around regulated payment infrastructure and cross-border settlement efficiency. Ripple also expanded integration into enterprise treasury platforms, allowing corporate clients to access digital-asset and payment functionality directly through treasury management systems. Those developments keep tied to institutional utility narratives even as short-term price momentum remains under pressure.　　Crowd sentiment has weakened alongside trader returns. Santiment said ‘s ratio of to commentary dropped to 1.1-to-1, pushing the asset

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Why Changpeng Zhao Said Most AI Firms Will Go Bust

Binance founder Changpeng Zhao (CZ) argued on Friday that most artificial intelligence (AI) companies will go bust, even as Anthropic closed in on a $1 trillion valuation and OpenAI moved toward its initial public offering (IPO).　　His warning landed during one of the busiest stretches in AI fundraising history, with two private firms now collectively valued near $1.8 trillion and several smaller startups still struggling to convert heavy spending into profit.　　CZ Predicts an AI Shakeout Despite Sector Growth　　Zhao posted on X that AI itself “will stay and grow exponentially,” but said the current crop of AI firms is far too crowded to survive. He added that even the eventual winners will see “huge price fluctuations” and face fresh competition from new entrants.　　“AI will stay and grow exponentially. But most AI companies will go bust. There are just too many. Even survivors will see huge price fluctuations. There will be new survivor entrants too. Same as any other new industry, really,” CZ posted.　　CZ framed the situation as a normal pattern in early-stage industries, where a flood of capital tends to produce only a small number of long-term winners. He has previously argued that AI agents need tokens in only a narrow set

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Dow Jones futures rise on reports of US-Iran ceasefire extension

Finance　　Dow Jones futures rise on reports of US-Iran ceasefire extension　　Dow Jones futures climb 0.09% to near 50,790, while S the Nasdaq 100 and S&P 500 advanced 0.91% and 0.58%, respectively, while the Dow Jones edged up 0.05%. Market gains were driven primarily by the health care, technology, and consumer discretionary sectors.

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UNI Price Prediction: $2.80 Target Looms as Technical Foundation Crumbles

The Immediate Setup　　UNI carved out a devastating -7.12% daily candle that obliterated multiple moving averages in a single session. Currently trading at $3.05 and pressed against its lower Bollinger Band, the token displays textbook distribution characteristics that institutional traders recognize as coordinated selling pressure. The momentum picture has deteriorated rapidly, with oscillators flatlining while the MACD histogram sits lifeless at zero – a clear sign that buying interest has evaporated. Every attempt to rally from the days $3.02 low gets immediately sold into, creating a $3.32 to $3.02 range that tells the complete story of bear market control.　　Key Levels Under Siege　　The mathematical reality of UNIs position reveals structural weakness beyond simple pullback territory. Trading 14% below its 20-day SMA at $3.53 and 32% under its 200-day SMA at $4.47, the token has officially entered breakdown mode rather than healthy consolidation. Blockchain.news technical framework identifies critical support clustering between $2.94 and $2.82, representing the final defensive line before potential capitulation selling emerges. The former support at $3.24 has transformed into ironclad resistance, where any bounce attempts will face aggressive selling from trapped positions seeking exit liquidity.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from

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Strategy’s $30.3M Bitcoin Transfer Sparks Market Tension As Selling Speculation Intensifies

Bitcoin　　Strategys $30.3M Bitcoin Transfer Sparks Market Tension As Selling Speculation Intensifies　　According to on-chain data monitored by Lookonchain, the enterprise transferred 411.48 BTC worth about $30.3 million into Coinbase Prime. Though such transfers are not unusual, the timing given increased financial pressure on the company has drawn more eyes in the market.　　This transaction, also is not an outright indication of intent to liquidate holdings. However, due to increasing scrutiny of Strategys balance sheet and obligations, even routine manoeuvres in the treasury are viewed with suspicion.　　Is Michael Saylors @Strategy about to sell $BTC？#Strategy just deposited 411.48 $BTC($30.3M) into #CoinbasePrime.　　On Polymarket, the odds of #MicroStrategy selling $BTC before Dec. 31, 2026 have now reached 84%.https://t.co/FgZG2ZWlVi pic.twitter.com/R3Tm8YJJFu　　— Lookonchain (@lookonchain) May 29, 2026　　Institutional investors frequently shift assets into custodial platforms (such as Coinbase Prime) for a number of operational reasons, e.g. collateral management, liquidity positioning, portfolio rebalancing and so on. However the market is not reading this move in isolation but rather as a signal of increased financial stress.　　Adding to the uncertainty, prediction markets are indicating a change in sentiment. Strategy also saw the probability that he would sell Bitcoin before December 31, 2026, rise from 55% to 84% on Polymarket. This notable uptick comes

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