Crypto Industry News & Market Trends

XRP Perp Activity on Binance Signals Rising Speculative Momentum

Leverage Is Back. Price Has Not Caught Up Yet　　That divergence between derivatives activity and spot price is the part worth unpacking. Traders were adding short-term leveraged positions in size, yet XRP was not moving with the same energy. The imbalance between perp volume and spot volume tells you where the conviction actually lives.　　A volume imbalance value of 0.54 does not arrive quietly. It indicates perpetual contract volumes running considerably higher than spot, a sign that traders are positioning for moves rather than simply holding or accumulating.　　Per the CryptoQuant quicktake, the closer the Z-Score gets to or past 1, the more pronounced the momentum signal becomes. It was sitting at 0.95. Close enough.　　What the Chart Does Not Say Outright　　The indicator does not make a directional call. It tracks intensity, not intent. Traders piling into perps on Binance could be going long, short, or both, and the data does not sort that out cleanly. What it does show is that the quiet period is likely over.　　Recent reporting on XRPs Binance liquidity conditions noted the 30-day liquidity index had collapsed to multi-year lows, around 0.043, a reading not seen since early 2020. Shallow order books plus rising perp activity is a combination that

05-28Industry

US sanctions Persian Gulf Strait Authority in an attempt to discourage Tehrans dominance

The United States (US) Treasury Department said on Wednesday that it has sanctioned the Persian Gulf Strait Authority, the body Iran has set up to manage the Strait of Hormuz, the conduit for about a fifth of the global oil supply. US Treasury Secretary Scott Bessent said, “The Iranian militarys latest attempt to extort global maritime trade is proof that Economic Fury has left the regime desperate for cash.” This move by Washington could lead to de-escalation in the US-Iran negotiations towards a permanent ceasefire.　　Additional Information　　The authority is a body Iran has set up to manage requests for passage through the Strait of Hormuz.　　Tehrans grip on the strait has sent the world economy into turmoil.　　It closed the strait after the US and Israel launched its war against Iran on February 28.　　Anyone cooperating with the authority may be providing support to and receiving services from Irans Islamic Revolutionary Guard Corps and may be sanctioned, the Treasury said in a statement.　　The Persian Gulf Strait Authority published a map last week reaffirming Tehrans claims to a wide stretch of water on either side of the choke point.　　Market reaction　　There seems to be a positive response to oil prices after Washingtons fresh sanctions. As of

05-28Industry

Bitmine Announces Largest ETH Buy as Tom Lee Predicts Supercycle

Ethereum　　Bitmine Announces Largest ETH Buy as Tom Lee Predicts SupercycleBitmine bought 111,942 ETH worth more than $237M, marking its largest purchase of 2026.The company now holds roughly 5.39M ETH, equal to about 4.47% of the circulating supply.Chairman Tom Lee said Bitmine expects a crypto and ETH “supercycle” driven by tokenization.　　Bitmine Immersion Technologies made its biggest Ethereum purchase of 2026 after buying 111,942 ETH during last week‘s pullback in crypto markets. The purchase was worth more than $237 million based on Ethereum’s recent trading range near $2,100.　　The move pushed Bitmine‘s total holdings to roughly 5.39 million ETH, giving the company control of about 4.47% of Ethereum’s circulating supply of 120.7 million coins.　　Chairman Tom Lee said the company viewed ETH trading below $2,200 as an attractive accumulation zone despite continued market weakness.　　Ethereum has traded between roughly $2,025 and $2,147 over the past week and remains down more than 58% from its August 2025 all-time high near $4,946.　　Lee said Bitmine still expects a long-term crypto “supercycle” driven by Wall Street tokenization and AI-related blockchain demand.　　Bitmine Moves Closer to 5% ETH Supply Target　　Bitmine has become the largest public Ethereum treasury company following months of aggressive accumulation.　　The company said it is now nearly 89% of

05-28Ethereum

Galaxy, SharpLink Launch $125M Ethereum Yield Fund in DeFi

Galaxy has announced plans to create a new $125 million institutional on-chain yield fund. This initiative is called the Galaxy SharpLink Onchain Yield Fund. It deploys capital directly into decentralized finance protocols. The fund focuses specifically on Ethereum-native yield strategies and active DeFi participation.　　The partnership is important beyond the investment itself. Thats a sign of changing times when it comes to institutional crypto investing. It used to be as simple as large financial enterprises buying and holding crypto assets. However, it has now become a more complex operation.　　The Structure of the $125 Million Fund　　Both companies have committed to a combined $125 million investment. SharpLink plans to contribute approximately $100 million from its existing Ethereum treasury operations. At the same time, Galaxy Digital expects to add another $25 million to the fund while managing it.　　Galaxy will oversee capital deployment into various DeFi opportunities across Ethereums ecosystem. The strategies will include liquidity provisioning, decentralized lending markets, staking optimization, and yield aggregation mechanisms.　　SharpLink will maintain long-term exposure to ETH while receiving passive income from staking. This approach shows how crypto treasury companies seek new options. They want to convert token reserves into financial assets for active management and passive income.　　Why Institutions are Moving

05-28Ethereum

Ethereum Price Prediction: ETH Faces $1.8K Risk Unless Bulls Reclaim This Critical Level

Ethereum is trading at $2,080 and grinding lower into a zone where the technical picture is bleak on the surface, but quietly building something more interesting beneath the surface.　　The 100-day moving average sits just above as a lost reference point; the ascending channel floor is on the verge of a breakdown, yet the 4-hour chart is sketching out what may be a genuine bullish reversal pattern.　　Whether it develops into something real or simply unwinds into another leg lower is the central question heading into June.　　Ethereum Price Analysis: The Daily Chart　　On the daily chart, the price has continued to drift lower since the mid-May rejection from the $2.4K area. ETH is now trading at $2,080, with the 100-day moving average sitting just above at approximately $2.2k, which is close enough to be relevant but is acting consistently as resistance. The ascending white channels lower boundary is barely holding, and the RSI has deteriorated into the 35–40 range, indicating selling pressure without yet reaching an oversold extreme.　　The $1.8K demand zone is now the primary downside reference, sitting roughly $280 below.　　This distance could be covered quickly if the channel floor were to fail. A recovery above the 100-day moving average, on the other

05-28Ethereum

BitMine Nears 4.5% Ethereum Supply Share Following $238M Buy

Bitmine has made its largest Ethereum (ETH) buy of the year during the recent market dip, reaffirming the firms bullish outlook on the leading altcoin and continued accumulation strategy.　　Bitmine Ramps Up Ethereum Purchases　　On Tuesday, Bitmine Immersion Technologies, the worlds largest Ethereum treasury, announced its largest purchase since December 2025, having acquired roughly $238 million in ETH over the past week.　　In its latest update, the company shared it purchased 111,942 ETH during the recent market pullback, which sent the King of Altcoins below $2,200. Bitmine‘s Chairman, Tom Lee, affirmed that last week’s correction represented “an attractive opportunity” to increase the companys holdings.　　“We continue to expect a supercycle ahead for crypto and Ethereum, driven by the dual drivers of Wall Street tokenization and agentic-AI. And thus, we continue to steadily acquire ETH, with Bitmine now owning nearly 5.4 million ETH tokens,” stated Lee.　　Now, the companys crypto and cash holdings have reached $12.3 billion at current prices, comprised of 5,390,404 ETH at $2,134 per token, 203 Bitcoin (BTC), a $200 million stake in Beast Industries, an $95 million stake in Eightco Holdings as part of its “Moonshots” initiative, and total cash worth $444 million.　　The latest buy has pushed BitMine‘s Ethereum holdings closer to

05-28Ethereum

Spot HYPE ETFs Just Crushed Bitcoin and Ethereum ETF Debuts

HYPE ETFs have quickly emerged as cryptos hottest ETF launch, leaving even Bitcoin ETFs behind on early inflow performance.　　Two recently launched US exchange-traded funds linked to Hyperliquids HYPE token are off to a strong start.　　New data suggests that the funds have reached a milestone in just 10 days of trading that Bitcoin, Ethereum, and Solana ETFs failed to match.　　Strongest Crypto ETF Debut Yet　　Kairos Research said spot HYPE ETFs absorbed 1.04% of HYPEs market cap in just their first 10 trading days. The firm called it the strongest debut for any spot crypto ETF so far. To put things into perspective, spot Bitcoin ETFs reached 0.59%, while that of Ethereum stood at 0.41%, excluding GBTC and ETHE outflows.　　Meanwhile, spot Solana ETFs came in at 0.31%.　　21Shares‘ THYP and Bitwise Asset Management’s BHYP have together pulled in more than $95 million in net inflows within weeks of launching. Bloomberg ETF analyst Eric Balchunas had previously described the timing of the launches as “perfectly timed.” THYP, which launched on May 12 on Nasdaq, became the first HYPE-related ETF available in the US market and has attracted $44 million in net inflows as of May 26. BHYP followed two days later on May 14 and

05-28Ethereum

Ethereum Is a Giver, Not a Taker: David Hoffman Explains ETH Exit

David Hoffman said Ethereum succeeded technologically, but ETH may no longer see a meaningful structural rerating higher from current levels.　　Bankless co-founder David Hoffman said he sold his Ether holdings because he believes the long-standing “ETH is money” thesis has already largely played out. Despite this, he remains strongly bullish on Ethereum as a network.　　According to Hoffman, the decision did not come lightly, given that he built his career, business, community, and identity around Ethereum.　　Ethereum Chose the Hard Path Unlike Bitcoin　　In his latest tweet, Hoffman stated that the “ETH is money” thesis depended on Ethereum succeeding across multiple layers of coordination, including decentralized leadership, governance, Layer 2 ecosystems, roadmap execution, and technological development.　　Hoffman described Ethereum as “not Bitcoin,” and said that Bitcoin simplified its blockchain to maximize the value of BTC, while Ethereum pursued a more ambitious path by expanding utility across decentralized applications, finance, tokenization, and infrastructure. He even went on to add that Ethereum achieved part of that vision and earned the market capitalization it currently has, but said the opportunity for ETH to be significantly rerated higher by the market now appears to be closing.　　The Bankless co-founder also explained that the broader “strong version” of crypto, which focused

05-28Ethereum

AI Chatbots Could Quietly Pull Users Away From Reality, Researchers Warn

A new study argues the term “AI psychosis” oversimplifies how chatbots affect mental health.Researchers say AI systems can reinforce unhealthy beliefs through constant affirmation and emotional validation.The paper introduces “existential drift,” describing how AI interactions may gradually reshape a persons sense of reality.　　As AI chatbots become more emotionally responsive, conversational, and personalized, researchers warn that those same traits could reshape how some users experience reality itself.　　A new preprint study, “Rethinking AI Psychosis: Misnomers, Conceptual Limits, and Existential Drift,” examines concerns that AI chatbots may reinforce delusions, paranoia, and emotional dependency in vulnerable users.　　“There has been a proliferation of media reports about so-called AI psychosis in the last year,” the researchers wrote. “Not surprisingly, this has prompted growing academic work on the ways in which AI chatbots such as ChatGPT, Claude, and Replika might aggravate or even induce psychosis, typically understood in terms of users acquiring or maintaining delusional beliefs.”　　The study out of the University of Copenhagen and the University of Exeter argues fears around “AI psychosis” may oversimplify the issue, suggesting chatbots amplify existing vulnerabilities while gradually reshaping how users relate to reality and other people.　　“If AI interaction were capable of inducing psychosis de novo, we might expect to see

05-28Industry

DTCC and Stellar Partner to Tokenize DTC-Custodied Assets

DTCC and SDF plan to tokenize DTC-custodied assets on the Stellar network.The collaboration will allow users to leverage traditional assets in a digital ecosystem.DTC-tokenized assets will retain the same protections and safeguards as traditional securities.　　The Depository Trust & Clearing Corporation (DTCC), in collaboration with the Stellar Development Foundation (SDF), has announced plans to enable the tokenization of The Depository Trust Company (DTC) custodied assets on the Stellar network.　　The announcement highlighted the collaboration between DTCC and the SDF as part of DTCCs standards-driven, multi-chain strategy. This comes after the SEC issued a No-Action Letter in December 2025, authorizing DTC to implement and operate a new service to tokenize real-world, DTC-custodied assets.　　Leveraging Traditional Assets in a Digital Ecosystem　　With the latest development, market participants can now leverage traditional assets in a digital ecosystem, with opportunities for faster settlement, greater asset mobility, extended trading hours, and lower costs and risks. It is worth noting that DTC-tokenized assets will have the same investor protections, entitlements, and safeguards as traditionally held securities.　　Frank La Salla, President and Chief Executive Officer of DTCC, stated that the collaboration represents another step forward for the company in its effort to build an open, interoperable digital infrastructure that bridges traditional and

05-28Industry

...

260262

...

1000