Crypto Industry News & Market Trends

Digital Chamber rallies Senate on CLARITY Act

The Digital Chamber is leading a coalition of crypto firms pressing the Senate to pass the CLARITY Act.The Digital Chamber is leading more than 100 crypto firms urging Senate passage of the CLARITY Act.The coalition wants action before the Senates summer recess to lock in regulatory clarity.The Senate Banking Committee already advanced the bill in a bipartisan 15-9 vote on May 14.　　The Digital Chamber has escalated a coalition push urging the US Senate to pass the CLARITY Act. The trade group is framing the bill as cryptos last realistic window for federal market structure rules this year.　　The pressure follows a key procedural win. The Senate Banking Committee already advanced H.R. 3633, the Digital Asset Market Clarity Act, in a 15-9 bipartisan vote, sending it toward a full Senate floor fight.　　What the Digital Chamber is asking for　　The Digital Chamber, the Crypto Council for Innovation and the Blockchain Association are running parallel lobbying tracks aimed at swing-vote senators in the Banking Committee and the wider Democratic caucus. Bipartisan support is treated as a hard prerequisite for the 60-vote floor threshold.　　The coalitions April letter to Senate Banking flagged what the industry calls Operation Choke Point 2.0, an informal pressure campaign by federal regulators

05-29Industry

Ethereum Falls Below $2,000 as Retail Rushes to Buy the Dip

Santiments analysis flagged this as a warning signal rather than a bullish one. The crowd is almost always wrong at turning points, and crowd optimism at price lows historically means the bottom has not yet arrived.　　What Smart Money Is Doing　　While retail celebrates the dip, larger players are moving in both directions.　　Three newly created wallets, possibly belonging to the same whale, withdrew 4,303 ETH worth approximately $8.67 million from Kraken. The withdrawal suggests at least one large holder is moving assets to self-custody rather than selling, a typically bullish signal.　　On the other side, a Matrixport-linked whale holding a 120,000 ETH long position worth $237 million is now sitting on $33.86 million in unrealised losses. Rather than cutting the ETH position, this whale opened a new account, deposited $5 million in USDC, and initiated a 20x leveraged long on 500 Bitcoin worth $36.5 million.　　The CLARITY Act Argument for Ethereum　　Beyond the immediate price action, analyst Tanaka argued that the CLARITY Act could represent the most significant regulatory unlock for Ethereum this cycle.　　The bills mature blockchain test, which classifies networks as digital commodities based on decentralisation, open-source code, permissionless access, and real utility, fits Ethereum better than almost any other major Layer 1 network.

05-29Ethereum

Ethereum Price Prediction: Standard Chartered Forecast $40K For ETH

Ethereum　　Ethereum Price Prediction: Standard Chartered Forecast $40K For ETHEthereum trades below major EMAs, with $2,140–$2,280 forming strong resistance barrier.Derivatives elevated, open interest stable, traders cautious near key support.Long-term outlook remains bullish as institutions maintain $4K and $40K targets.　　Ethereum extended its decline this week after losing the critical $2,000 support level, while bearish technical signals continued building across the market. The second-largest cryptocurrency traded near $1,984 during Thursdays session.　　Consequently, traders faced rising uncertainty as weak momentum and heavy resistance limited recovery attempts. At the same time, derivatives activity remained elevated, showing that investors still maintained strong exposure despite growing downside risks. However, long-term institutional forecasts continued supporting Ethereums broader outlook, even as short-term sentiment weakened.　　Ethereum Faces Strong Resistance Pressure　　Ethereum now trades below its 20-day, 50-day, 100-day, and 200-day exponential moving averages. Besides, the EMA cluster between $2,140 and $2,280 continues acting as a major resistance barrier. Sellers regained control after Ethereum failed to sustain rebounds above the $2,100 region earlier this month.　　Technical indicators also reflected growing bearish momentum. The Directional Movement Index showed the negative directional line moving sharply above the positive line. Additionally, the Average Directional Index strengthened, signaling increasing trend pressure on the downside.　　Several Fibonacci retracement levels now serve

05-29Ethereum

Standard Chartered says battered Ethereum looks like Amazon in 2001

Standard Chartered is telling clients to treat Ethereum‘s latest price slump the way Jeff Bezos told Amazon shareholders to treat the dot‑com crash, arguing that the token’s “stock is not the company” and that fundamentals will force price to catch up over the next cycle.Geoffrey Kendrick at Standard Chartered compares Ethereum to Amazon after the 2001 dot‑com bust, saying ETHs price is lagging its internal metrics.The bank keeps a $4,000 end‑2026 target and a $40,000 2030 target for ETH, banking on stablecoins, tokenization and policy clarity to close the gap.Critics note Standard Chartereds spotty crypto calls, but the Amazon analogy lands in a market where Ethereum remains the dominant base layer for real‑world assets.　　Geoffrey Kendrick, Standard Chartered‘s global head of digital assets research, told clients he views Ethereum (ETH) “very much as Jeff Bezos described Amazon’s share price during the 2001 tech bubble burst,” insisting that the recent drawdown “does not reflect continuing improvements in Ethereums network fundamentals.”　　In a note summarized by journalist Yogita and outlets like The Block, Kendrick leans on Bezoss line that “the stock is not the company,” pointing to how Amazon fell to around $6 in the early 2000s before compounding into a trillion‑dollar behemoth.　　The pitch

05-29Ethereum

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

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

Sequans dumps $BTC reserve, pivots back to IoT chips after debt cleared

Paris-based chipmaker Sequans Communications has fully exited its bitcoin treasury, selling roughly 80% of its holdings to repay convertible debt and returning its full focus to semiconductors.Sequans sold approximately 2,120 BTC over several months, leaving just 658 BTC fully unrestricted on its balance sheet.CEO Georges Karam says the move strengthens the companys balance sheet and simplifies its capital structure.The company will now concentrate on scaling its 4G/5G IoT semiconductor, RF transceiver, and defense wireless application businesses.　　Sequans Communications, the Paris-listed chipmaker, announced Thursday the completion of all convertible debt redemptions tied to its bitcoin treasury, capping an abrupt reversal of the bitcoin accumulation strategy it launched less than a year ago.　　The company sold nearly 80% of its total Bitcoin (BTC) holdings to fund the debt redemption, leaving 658 BTC on the balance sheet — now fully unrestricted following the retirement of all outstanding obligations, according to The Block.　　The selldown was executed in stages. Sequans sold 970 BTC in November 2025, then another 125 BTC in February 2026, followed by a further 1,025 BTC during the first quarter, which reduced its holdings to 1,114 BTC as of April 30.　　A treasury built fast, unwound faster　　Sequans launched its bitcoin treasury in July 2025 with

05-29Industry

Ethereum broke KEY support, retail says ‘buy the dip’ – But whales say...

Ethereum　　Ethereum broke KEY support, retail says ‘buy the dip’ – But whales say…　　Ethereum breached the psychological $2k support for the first time since late March, falling to a low of $1,967.　　At press time, ETH traded at $1,978 after a 4.43% daily decline. The drop intensified activity across the broader market.　　Why did Ethereum whales turn bearish？　　After ETH fell to a two-month low, several whales flipped bearish and began shorting the market.　　According to Onchain Lens, whale “Evaded” opened a 12,600 ETH 25x short position worth $25 million. Following the decline, the position was already up $722k.　　The move reflected growing bearish conviction among large holders. On top of that, the whale did not appear isolated.　　In fact, the Long/Short Ratio dropped to 0.89. Such levels suggested most active traders positioned for further downside.　　Source: CoinGlass　　The growing demand for shorts indicated bearish sentiment dominated derivatives traders. That shift also appeared across the Spot market.　　According to Onchain Lens, another whale returned after two dormant years and deposited 3,466 ETH worth $7 million into Kraken.　　The whale originally purchased the tokens for $9.1 million. The transfer locked in a $2.1 million loss, signaling capitulation.　　Are retail traders buying the dip？　　After ETH hit a monthly low, retail traders aggressively bought the

05-29Ethereum

Ethereum Drops but Holds Above $1,960

Ethereum　　Ethereum Drops but Holds Above $1,960　　Ethereum Price Long-Term Analysis: Bearish　　Before this decline, the largest altcoin had been trading above the $2,000 support but below the $2,160 resistance. Upward price movement has been restricted by resistance at $2,160 and the 21-day SMA. Buyers have been unable to push the price above the $2,160 resistance and the moving average lines.　　Today, the crypto price has fallen to a low of $1,967. Ether is now trading between the $1,960 support and below the $2,000 high.　　On the upside, if buyers move the price above the $2,000 high, Ether will return to its previous range below the moving average lines. On the downside, if sellers push the price below the $1,960 support, Ether will fall to previous lows of $1,840 and $1,800. Ether is currently at $2,019.　　Technical indicators:Resistance Levels: $3,500 and $4,000Major Support levels: $2,500 and $2,000　　ETH Indicator Analysis　　The price of Ether is below the horizontal moving average lines, indicating that the cryptocurrency is likely to continue declining. The 21-day SMA is below the 50-day SMA, suggesting further downside for Ether. On the 4-hour chart, the moving average lines are sloping downwards, indicating a downtrend.　　What Is the Next Direction for ETH？　　Ethereum has lost its critical support

05-29Ethereum

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