Crypto Industry News & Market Trends

Myriad launches $100K World Cup contest

Prediction market Myriad has launched a World Cup contest with a $100,000 prize pool ahead of the 2026 tournamentMyriad opened a trading contest tied to the 2026 World Cup, with $100,000 split between top traders and makers.The platform launched with over 75 multi-binary markets covering every match in the tournament.President Farokh Sarmad says the event showcases how prediction markets work around global sports.　　Prediction market Myriad has opened a trading competition built around footballs 2026 World Cup, putting $100,000 on the line. The contest runs in collaboration with layer-1 blockchain D.Energy.　　The launch lands as prediction markets push deeper into mainstream sports betting. Myriad launched the FIFA World Cup 2026 Prediction Contest with more than 75 multi-binary markets, letting users trade on every single match in the tournament.　　How the World Cup contest works　　The top three traders take home $20,000, $10,000 and $5,000 respectively, with a further $10,000 split across the rest of the leaderboard. Top makers draw on a separate $5,000 weekly pool, with the leaderboard reset each week.　　Market resolution runs through Chainlink oracles, while real-time sports data comes via Myriads tech partner 55 Tech. Both underpin how the contest settles each match outcome.　　“Were thrilled to be running this contest during the

05-29Industry

Standard Chartered backs $4,000 ether price forecast as retail buys the sub-$2,000 drop

His pitch is that the Ethereum blockchain and its token have come apart. Transaction counts on the network and the value locked in its apps are near record highs, while ethers price has bled 57% from its August peak against the dollar and shed 37% against bitcoin.　　Kendrick drew parallels to Jeff Bezos watching Amazons stock crater from $113 to $6 in the 2001 dot-com wreckage while the business underneath kept improving. The shares have since climbed roughly 1,000-fold in the intervening quarter-century.　　“ETH will catch up to the internal metrics, it is just a matter of time,” he wrote.　　Standard Chartered expects the stablecoin market to grow sixfold by the end of 2028 and tokenized real-world assets to balloon fiftyfold. It reckons Ethereum carries 50% to 65% of both.　　Those two buckets already make up more than half the value locked on the chain. Get to $4,000, and the ether-to-bitcoin ratio is back at its 2021 high near 0.08. Its currently around 0.03.　　As such, the traders putting real money down aren‘t waiting for the catch-up. Ether futures open interest, the total stack of outstanding contracts, climbed to a record 16.39 million ETH ($32.61 billion) even as the price sank. That’s a warning: Open

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XRP Liquidity Hits Lowest Level Since 2020 — What Happens Next?

Tech　　XRP Liquidity Hits Lowest Level Since 2020 — What Happens Next？　　The average XRP trader active over the past 30 days is currently sitting on a loss of roughly 47%, according to blockchain analytics firm Santiment. That figure comes from XRPs 30-day Market Value to Realized Value ratio, which has now fallen to its lowest point since December 2020.　　Santiment says readings like this typically move back toward 0% over time, placing the current level in what analysts describe as an extreme undervalued zone.　　Similar conditions in past market cycles have appeared ahead of strong price rebounds, though the firm cautioned that a weak MVRV reading alone does not guarantee an immediate turnaround.　　The average XRP trader that has been active in the past 30 days is down a whopping -47% with many selling at the bottom. Historically, MVRVs (average trading returns) will always average out to 0%, making this current time an extreme undervalued zone for $XRP. The chart shows… pic.twitter.com/a0s4ObRpQu　　— Santiment Intelligence (@SantimentData) May 26, 2026　　Deeper Drop In Market Depth　　The trader loss data arrives alongside a separate finding on market liquidity. CryptoQuant analyst Arab Chain reported that XRPs 30-day liquidity index on Binance has dropped to approximately 0.043 — the weakest reading

05-29Industry

Zcash Whale Turns ZEC Portfolio 10x to Over $150 Million, But How?

The position then dropped more than 50% during 2025. The drawdown briefly erased about $8.6 million in paper value before the recovery began.　　“He made over $150M in a year. How？ ZEC,” Arkham noted.　　Partial profit-taking started in January 2025 and ran through late November. Eight sales totaled 54,718 ZEC for $22.61 million combined.　　The remaining 230,100 ZEC are worth roughly $126 million today. The trade fits a broader pattern of Zcash whale buying activity tracked through 2025.　　Privacy Coin Resurgence Fuels the Win　　The trade rode Zcashs 2026 surge, driven by renewed interest in privacy assets. Grayscale filed for a spot Zcash ETF earlier this month. The catalyst pushed ZEC to a recent peak above $700.　　Speculation is that the wallet belongs to Helius Labs co-founder Mert Mumtaz, a long-standing Zcash advocate and public champion of the network.　　Mumtaz has not addressed the speculation directly.　　“He didnt actually sell ZEC because he was just longing on hl checkmate,” Mert chimed.　　Arkham has not confirmed the identity, and the attribution remains unverified.　　Whether the wallet reaches a nine-figure realized total may depend on ZEC holding its current gains.　　The Grayscale decision and continuing shielded supply growth will shape the next phase for the privacy network.　　The post Zcash Whale Turns ZEC Portfolio

05-29Industry

Cardano Price Prediction: ADA Holds Critical Support While Bulls Target a Move Towards $0.55

Tech　　Cardano Price Prediction: ADA Holds Critical Support While Bulls Target a Move Towards $0.55　　Cardano (ADA) is trading near a crucial support zone as traders watch whether accumulation, governance activity, and a potential triple bottom can spark a stronger recovery.　　According to Brave New Coin data, ADA is trading around $0.24, with a market cap near $8.89 billion and 24-hour volume around $329 million. That keeps Cardano in a weak broader cycle position versus its old highs, but the current structure is also starting to attract attention again.　　Cardano Price Today: ADA Holds Near $0.24　　The latest Brave New Coin snapshot shows Cardano trading around $0.24, up modestly on the day. That is still a long way below its all-time high of $3.09, leaving ADA down more than 92% from peak levels, but it also helps explain why many traders are focused on whether this region is becoming a long-term value zone.　　The market cap remains close to $8.89 billion, while the circulating supply is above 37 billion ADA. In other words, Cardano is still a major asset by crypto standards, but its chart remains in the kind of compressed area where a strong move in either direction could start shaping the next larger trend.　　Support

05-29Industry

VanEck VBILL lands on Euler lending

VanEck VBILL is now live on DeFi lending platform Euler, letting investors use tokenized Treasuries as onchain collateral.VanEck‘s tokenized Treasury fund VBILL is now usable as collateral on Euler’s lending markets.The fund is issued by Securitize, with pricing supplied through RedStone oracles.Securitize says DeFi protocols are redesigning their platforms to host regulated, institutional assets.　　VanEck VBILL, the asset managers tokenized US Treasury fund, has gone live on decentralised lending platform Euler. Investors can now post the fund as onchain collateral.　　The move signals how DeFi protocols are retooling for Wall Street. Securitize, the tokenization firm behind the fund, said the product is now active on Euler lending markets, with pricing data supplied through RedStone oracles.　　What the Euler integration enables　　Euler integrated Securitize‘s DS Protocol earlier this year, allowing tokenized securities to interact with lending markets while preserving investor eligibility and transfer restrictions. That framework lets VBILL function as collateral without breaking the fund’s compliance controls.　　“As more serious institutional investors are exploring the space, they need to have certain” protections in place, said Graham Ferguson, Securitize‘s head of ecosystem, framing the challenge as balancing crypto’s open infrastructure with traditional compliance demands.　　The integration extends VBILL‘s reach in DeFi. The fund already expanded onto Aave’s institutional

05-29Industry

After 2,093 Hours in the Dark: Iran Partially Restores Internet Following 88-Day Blockade

In social media, Pezeshkian recognized that “communications based on information technologies and the internet have become an inseparable part of peoples lives,” and told Vice President Mohammad Reza Aref that “taking into account governance sensitivities, the views of the leadership, and the promise made to the people—and within the framework of an agile structure—to facilitate the conditions for improved government service and the fulfillment of public expectations.”　　Netblocks, an internet observatory that followed Irans blockade since day one, reported that connectivity reached over 80% of its pre-attack levels, with some filters still in place affecting instant messaging applications like WhatsApp. Still, Netblocks stressed that circumvention was possible with alternative methods and that a significant number of Iranians were still disconnected.　　Photon VPN, a popular virtual private network (VPN), revealed that Iranians were “flocking to VPNs like ours in order to combat the blocks and regain access to the free and open internet, where they can safely share and consume information.”　　Iranian media reported that the lifting of the blockade caused internal turmoil, with Peyman Jeblli, head of the Islamic Republic of Iran Broadcasting, and Mohammad-Amin Aghamiri, head of the National Center for Cyberspace, opposing the restitution. The blockade was first promoted as a

05-29Industry

Groq lines up $650m for ‘neocloud’ spin-out after $20b Nvidia deal

Groq is raising up to $650 million from existing investors to fund a new “Groq2” entity, just months after inking a $20 billion licensing and asset deal with Nvidia that effectively rewired the AI chipmakers future.Groq seeks up to $650m to build AI “neoclouds” after Nvidia tie-up.Nvidia‘s $20b Groq agreement leaves cloud business and IP in Groq’s hands.New Groq2 unit will pivot away from chip manufacturing toward AI infrastructure services.　　Groq Inc. is raising as much as $650 million from its current backers to capitalize a new company that will focus on building AI “neoclouds,” following a landmark $20 billion licensing agreement under which Nvidia agreed to acquire Groqs inference technology assets and hire much of its senior leadership. According to Axios, existing investors, including Disruptive and Infinitum, are prepared to cover the entire $650 million round if necessary, with participation offered pro rata to current shareholders in the successor Groq2 vehicle.　　Source: Groq is raising ~$650M from existing investors; the AI chipmaker earlier signed a $20B Nvidia licensing deal that saw much of its senior team depart (@danprimack / Axios)　　(Visit Techmeme dot com for the link and full context!)　　— Techmeme (@Techmeme) May 28, 2026　　The fundraising comes on the heels of Nvidia‘s

05-29Industry

Kalshi sues Minnesota over prediction ban

Kalshi has sued Minnesota to block the states prediction market ban set to take effect on August 1.Kalshi filed a federal lawsuit against Minnesota over its new prediction market ban law.The company argues the Commodity Exchange Act gives the CFTC exclusive jurisdiction over event contracts.Minnesotas law would make operating a prediction market a felony from August 1.　　Kalshi has filed a federal lawsuit against Minnesota to block the states new prediction market ban. The law would make running an event contract platform in the state a felony from August 1.　　The suit escalates a national fight over who regulates event contracts. Kalshis complaint, filed in federal court and documented by Courthouse News, names Attorney General Keith Ellison, Governor Tim Walz and Alcohol and Gambling Enforcement Director Jon Anglin as defendants.　　What Minnesotas law does　　Governor Walz signed SF 3432 into law on May 26, repealing and replacing earlier prediction market provisions in SF 4760 and folding the new measure into the states broader public safety package. The law bans operating any market offering certain event contracts.　　Kalshi argues the Commodity Exchange Act gives the CFTC “exclusive jurisdiction” over event contracts, and that Minnesotas statute “impermissibly usurps” that authority by banning federally designated contract market activity.

05-29Industry

Can XRP Set New ATH in 2026? Prediction Market Weighs in

Tech　　Can XRP Set New ATH in 2026？ Prediction Market Weighs in　　It is five months into 2026 and the question in the XRP community is whether its price could reach a record high this year. XRP rose to a high of $3.66 last July before it fell.　　2026 began on a positive note with XRP hitting a high of $2.41 in its first week. However, the rise was short-lived as XRP declined and subsequently entered sideways trading.　　As uncertainty remains in the market, prediction markets are beginning to put a number on one of the biggest questions for XRP, which is whether it can reach an all-time high in 2026.　　XRP Enters Bearish Continuation via Kibar Outlook, Cash App Opens Wallet-Free USDC to 59 Million Users, Cardano Whales Hit 67% Supply Record Amid Split – Morning Crypto Report　　BlackRocks IBIT Hits Largest Outflow Ever　　18.1% chance of XRP setting a new high　　According to live data from XRP-powered prediction market, Axiom Protocol, traders are predicting an 18.1% chance that XRP will set a new all-time high in 2026.　　The figure is a cautious one, indicating that while a breakout is possible, most of the respondents do not see it by any means as a sure thing.　　You Might Also

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