Crypto Industry News & Market Trends

Ripple Network Explodes With Thousands of New XRP Wallets

XRP derivatives activity has also stayed elevated even with the token struggling to regain momentum.　　;　　}　　function loadTrinityPlayer(targetWrapper, theme,extras=“”) {　　cleanupPlayer(targetWrapper); // Always clean first ✅　　targetWrapper.classList.add(‘played’);　　// Create script　　const scriptEl = document.createElement(“script”);　　scriptEl.setAttribute(“fetchpriority”, “high”);　　scriptEl.setAttribute(“charset”, “UTF-8”);　　const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/？themeAppearance=${theme}${extras}`);　　scriptURL.searchParams.set(“pageURL”, window.location.href1);　　scriptEl.src = scriptURL.toString();　　// Insert player　　const placeholder = targetWrapper.querySelector(“.add-before-this”);　　placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);　　}　　function getTheme() {　　return document.body.classList.contains(“dark”) ？ “dark” : “light”;　　}　　// Initial Load for Desktop　　if (window.innerWidth 768) {　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),　　});　　}　　}　　// Mobile Button Click　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),　　});　　}　　function reInitButton(container,html){　　container.innerHTML = + html;　　}　　// Theme switcher　　const destroyButton = document.getElementById(“checkbox”);　　if (destroyButton) {　　destroyButton.addEventListener(“click”, () = {　　setTimeout(() = {　　const theme = getTheme();　　if (window.innerWidth 768) {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if(desktopWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(desktopWrapper, theme,　　}else{　　reInitButton(desktopWrapper,‘’)　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,‘　　});　　}　　}　　} else {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if(mobileWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(mobileWrapper, theme,　　}else{　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,　　});　　}　　}　　}　　}, 100);　　});　　}　　})();　　XRP recorded 4,300 new wallet creations in the past 24 hours, according to data posted by Santiment on May 22, marking the fourth-largest spike in network growth this year.　　The jump arrived with XRP trading near $1.37, and derivatives activity across Binance and CME elevated despite the tokens weak performance in recent months. That spike

05-22Industry

Bitcoin Price Prediction: Why $78,600 Could Decide BTC’s Next Move

Bitcoin is testing a key recovery zone after losing the 3-day 200 SMA, while bulls try to hold the reclaim of the 50 SMA. The short-term chart points to $78,600 as the next breakout level, but the move still needs stronger confirmation.　　Bitcoin 3-Day Chart Flashes Key Test After 200 SMA Loss　　Bitcoin is trading near $77,725 on the 3-day chart, sitting just above the 50 SMA at $76,635 but still below the 200 SMA at $92,915. The chart shared by Super฿ro shows BTC trying to reclaim short-term trend support after losing the longer-term moving average.　　The main point is simple. In past cycles, Bitcoin showed weakness after falling below the 200 SMA. The chart marks similar moments in 2018 and 2022, when BTC later moved into deeper declines.　　BTC 3-Day Chart. Source:　　However, the chart also highlights a second signal. When Bitcoin reclaimed the 50 SMA on the 3-day timeframe, price later entered stronger recovery phases. That happened after the 2019 low and again around the 2023 recovery area.　　The current setup shows Bitcoin retesting the 3-day 50 SMA after printing nine consecutive higher lows, according to the inset. That means buyers have defended higher levels during the latest bounce. Still, BTC needs to hold

05-22Industry

Nvidia stock wipes nearly $100 billion since blockbuster earnings

Nvidia stock price one-day chart.　　The latest move also represented a continuation of the preceding decline – temporarily halted in the leadup to the filing – that overall saw NVDA equity slide 4.41% in a week and the blue-chip chipmakers market capitalization crash some $400 billion from the mid-May highs above $5.7 trillion.　　Why Nvidia stock fell after double earnings beat？　　While the stock market move appears surprising at face value, given the strong quarterly results and optimistic guidance revealed on May 20, it is largely consistent with a pattern that has regularly affected the equity following the filings.　　Indeed, in the morning before the report, the popular TV analyst Jim Cramer predicted that Nvidia shares would enjoy a brief rally before getting pummeled into the red, while dismissing the validity of such performance.　　A different Wall Street expert, Gordon Johnson of GLJ Research, previously linked the pattern to the options market, claiming the quarterly phenomenon is the result of simple market mechanics, and not company fundamentals.　　So far, NVDA stock has successfully recovered from each such downturn, thus backing the estimate that the short-term moves are not indicative of genuine investor sentiment shifts with regard to the semiconductor giant.　　When will Nvidia stock rally restart？　　Elsewhere, there

05-22Industry

Satoshi’s 1.1M bitcoin and millions more can be saved from quantum attack, says expert

AmericanFortress researchers introduced a patent-pending post-quantum signature scheme that could secure the global crypto ecosystem against future quantum attacks without requiring mass fund migrations.　　According to the company, the breakthrough means even Satoshi Nakamotos huge 1.1 million bitcoin stash, alongside nearly 5 million BTC in dormant accounts, can be saved, with a combined value of about $400 billion.　　In an interview with CoinDesk, Michal Pospieszalski, CEO of AmericanFortress, explained that inactive and dormant wallets do not have to remain vulnerable to unscrupulous hackers, who could sweep up the loot and dump it onto the market with incalculable consequences.　　However, Pospieszalski said a major point of confusion is the older bitcoin. Because Satoshi-era wallets are “Pre-BIP32” addresses with no seed phrase derivation and therefore cannot automatically be upgraded like the newer created wallets. Instead, the AmericanFortress protocol would execute a defensive freeze via a backward-compatible soft fork.　　“Our quantum-resistant protocol would automatically freeze and protect those funds until governance decides what to do with them after Q-day,” Pospieszalski said, noting the community would eventually have to vote to move, burn, or redistribute the frozen assets.　　“But this means even Satoshi wallets can be protected with a minor BIP, which we are working on,” Pospieszalski said. “This

05-22Industry

Euro: Consolidation versus US Dollar as downside momentum eases – UOB

United Overseas Banks (UOB) Quek Ser Leang and Lee Sue Ann see EUR/USD consolidating intraday between 1.1595 and 1.1640 after a brief dip to 1.1575 failed to build downside momentum. On a 1–3 week view, a break above 1.1655 would signal that the decline from mid‑May has likely ended. Over 1–3 months, UOB warns that a break of 1.1540 could open the way toward 1.1410.　　Euro-Dollar trapped between support and resistance　　“24-HOUR VIEW: EUR rebounded strongly to a high of 1.1644 on Wednesday. Yesterday, when EUR was at 1.1625, we highlighted the following: ”Upward momentum is building, albeit not significantly. Today, instead of continuing to rise, EUR is more likely to consolidate between 1.1600 and 1.1650.“ The subsequent price movements did not turn out as expected. During the NY session, EUR dropped briefly to 1.1575 and then snapped back up to close little changed at 1.1618 (-0.08%). The brief decline did not result in any increase in downward momentum, and today, we continue to expect EUR to consolidate, likely between 1.1595 and 1.1640.”　　“1-3 WEEKS VIEW: We turned negative on EUR in the middle of last week (as annotated in the chart below). In our most recent narrative from two days ago (20

05-22Industry

Ethereum Price Eyes Breakout Move, Traders Watch Key Resistance Closely

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.　　From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.　　As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.　　In addition to his roles in finance

05-22Industry

SpaceX IPO Bitcoin exposure puts X payments and AI compute in focus

SpaceXs IPO filing and revealed Bitcoin exposure have given crypto investors a formal benchmark for a company they had already begun trading before public markets received the prospectus.　　On May 20, the firm submitted an S-1 filing with the US Securities and Exchange Commission (SEC), outlining the financial performance, risk factors, and growth ambitions of Elon Musks rocket, satellite, and artificial intelligence company ahead of a planned listing under the ticker SPCX.　　The potential listing could value SpaceX at about $1.75 trillion, making it one of the largest IPOs in market history. It could also make Musk the worlds first trillionaire.　　With such a personal fortune, Musks wealth would be above the combined market capitalization of the 10 largest crypto assets excluding Bitcoin, based on current market-cap table, which lists Ethereum, Tether, BNB, XRP, USDC, Solana, Tron, Hyperliquid, and Dogecoin at roughly $807 billion combined.　　SpaceX vs Elon Musk vs Crypto Market Cap (Source: CryptoSlate)　　However, the crypto relevance of the filing goes beyond Musk‘s wealth or SpaceX’s implied valuation.　　The document gives traders a clearer view of three areas that overlap with digital-asset markets, including SpaceX‘s Bitcoin holdings, X’s push into payments and banking, and a data-center strategy that could eventually compete with the AI-infrastructure

05-22Industry

Bankless reportedly axes most of team in silence as co-founder declares end of first era

Bankless is facing backlash after reportedly laying off most of its staff without a public announcement, even as co-founder Ryan Sean Adams declared the “end” of the media brands first era on X.Co-founder Ryan Sean Adams wrote that “the first era of Bankless has ended.”Critics say founders are posting unrelated content instead of helping affected staff.　　The immensely popular crypto podcast Bankless is facing fresh accusations of laying off a sigificant portion of its staff.　　In a series of blistering posts on X, 0x_Lucas criticized the founders for continuing to publish unrelated content while remaining silent about the cuts, arguing that Bankless owed at least a basic acknowledgement and support to the people it had just let go.　　At the same time, Bankless co‑founder Ryan Sean Adams posted that “the first era of Bankless has ended,” describing the moment as the conclusion of his six‑year collaboration with co‑host David Hoffman exploring crypto, DeFi and Ethereum.　　Adams remarks, shared in a reflective X thread, framed the change as a generational shift rather than a straightforward downsizing, emphasizing how far the show had come since its early days and hinting at a new, undefined chapter.　　Bankless itself has not issued an official statement confirming or denying the

05-22Industry

Indian Rupee: RBI signal slows depreciation – OCBC

OCBC highlights that USD/INR has pulled back from record highs as reports suggest the RBI is exploring tools to steady the Rupee, including possible rate hikes and FX operations. The bank views the move as a circuit breaker rather than a trend change, with higher Oil, elevated UST yields and portfolio outflow risks still weighing on INR near term.　　Rupee needs friendlier external backdrop　　“INR recovered from record lows after reports that the RBI may be looking at options to steady the currency, including a possible rate hike, FX swaps and other dollar-liquidity measures. Reported dollar-selling by state-run banks also helped pull USD/INR back to low of 96 levels from near the 97-handle.”　　“The snapback is a useful ”circuit breaker“after the recent slide, but further INR recovery still requires the external backdrop to improve. Higher oil prices, elevated UST yields and portfolio outflow risks remain INR headwinds. In the interim, the RBIs signal is useful in slowing one-way depreciation but is unlikely to fully change the direction on its own.”　　“Bullish momentum on daily chart shows tentative signs of fading while RSI fell from overbought conditions. Slight risk to the downside. Support at 95.20 (21 DMA), 93.90 (50 DMA). Resistance at 97 levels.”

05-22Industry

Solana whales add $9.7M in SOL – Can bulls now push past $87?

As Solana attempted recovery on the 21st of May, crypto whales added millions worth of SOL to their holdings.　　The accumulation aligned with SOLs breakout from a tight consolidation range, opening the possibility for further upside. At press time, SOL traded near $86.30 after gaining 1.85% over the past 24 hours.　　Meanwhile, Trading Volume jumped 38% to $43.66 billion, reflecting stronger participation from traders and investors.　　Why are whales buying SOL？　　Onchain Lens reported that two newly created wallet addresses received large SOL transfers over the past 24 hours.　　Wallet “8qBMv” received 88,004 SOL worth $7.56 million from FalconX. Meanwhile, wallet “ECgwn” received 24,500 SOL worth $2.11 million from Binance.　　The data showed one whale moved assets into a wallet while another transferred SOL for staking. Those moves suggested whales continued positioning for longer-term upside.　　However, Nansen data indicated broader whale interest beyond those two addresses.　　The platform reported that the top 100 wallets increased their SOL holdings by 59.95% over the past day. That increase reflected stronger confidence among large holders and supported bullish market sentiment.　　Source: NansenAre derivatives traders turning bullish？　　Derivatives metrics also leaned slightly bullish at press time.　　CoinGlass data showed Solanas Funding Rates flipped positive and climbed to 0.0073%.　　Historically, SOL often rallied after Funding Rates shifted

05-22Industry

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