Crypto Industry News & Market Trends

Euro edges lower to near 1.1600 on US-Iran peace deal uncertainty

The EUR/USD pair trades with mild losses around 1.1615 during the early European trading hours on Friday. The Euro (EUR) remains weak against the US Dollar (USD) amid mixed headlines surrounding the US-Iran peace deal. Germanys IFO surveys and Michigan Consumer Sentiment Index report will be released later in the day.　　Traders will closely monitor the progress of US-Iran ceasefire talks. Iranian officials said that the latest proposal from the US partly narrowed the gap between the warring sides, but comments from the Islamic Republic‘s Supreme Leader about keeping Tehran’s uranium stockpile and a dispute over tolls in the Strait of Hormuz clouded the outlook for a breakthrough.　　On Wednesday, US President Donald Trump warned that he may resume attacks soon if Iran doesnt agree to his terms. Any signs of a prolonged conflict or escalating tensions in the Middle East could boost a safe-haven currency such as the Greenback and act as a headwind for the major pair.　　The case for the European Central Bank (ECB) rate hike in June is nearly sealed, but the central bank is likely to be noncommittal about any further move, looking to temper bets for a quick follow-up step in July, according to Reuters. The ECB

05-22Industry

Expert Says High Inflation and Midterms Could Push Bitcoin, Ethereum and XRP Prices Lower

The post Expert Says High Inflation and Midterms Could Push Bitcoin, Ethereum and XRP Prices Lower appeared first on Coinpedia Fintech News　　Bitcoin dropping to $65,000 this summer is “not entirely shocking” to Canary Capital CEO Steven McClurg. Neither is a rally back above $90,000 by year end.　　“Bitcoin back down to 65 isn‘t entirely shocking to me,” he said. “And then rallying back up to north of 80, maybe even 90 by the end of the year also wouldn’t be a big shock to me, but likely wouldnt happen until closer to midterms or after.”　　Why Summer Is the Problem　　McClurgs reasoning is macro, not technical. High inflation, rising yields on both the 10-year and 30-year and uncertainty around midterm elections pulling institutional attention away from risk assets. A potential recession in the background. None of those conditions are friendly to Bitcoin or crypto broadly.　　“I still believe the summer is going to be tough given uncertainty around midterms,” McClurg said.　　The setup he described is not unique to crypto. It is a risk-asset repricing that happens every time the political calendar creates uncertainty and the macro backdrop tightens simultaneously.　　Where the Opportunity Is　　McClurgs framework for when to go all-in was specific.　　“Wealth is made right at

05-22Ethereum

Ethereum Community Pushes for New Group to “Save” ETH

His comments came due to the growing frustration surrounding the Ethereum Foundation after the departures of several high-profile contributors, including Feist himself, Danny Ryan, Carl Beek, and Julian Ma. Feist also criticized the foundation‘s limited ETH holdings and lack of direct exposure to staking and fee revenues, arguing that this weakens its connection to Ethereum’s long-term success.　　Ethereum Foundation Under Fire　　within the Ethereum community intensified this week after former Ethereum Foundation developer Dankrad Feist proposed the creation of a new organization to help “save” Ethereum and restore confidence in the network‘s long-term direction. Feist argued that the Ethereum ecosystem now needs an institution that is directly aligned with Ethereum’s economic success and more accountable to the community.　　In a that was shared on X, Feist suggested forming a new ETH-focused organization backed by at least $1 billion in funding and led by what he described as competent . According to him, the current structure of the Ethereum Foundation no longer provides the level of alignment or accountability needed to support Ethereum‘s growth and value appreciation. He proposed that the new entity should actively work toward increasing Ethereum’s value while funding itself partially through staking rewards and blockchain fee revenue.　　The Ethereum Foundation currently

05-22Ethereum

Ethereum Traders Increase Leverage Exposure: Liquidity Returns To Binance Futures Market

Sebastians journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.　　As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastians contributions quickly gained recognition, and he became a trusted voice in the online crypto community.　　To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.　　Sebastians passion for finance and writing is evident

05-22Ethereum

Can Hyperliquid price hit ATH as ETF launch leads rising wedge breakout?

Hyperliquid price has formed a rising wedge pattern on the daily chart 　　The move also carried HYPE above all major moving averages. The 20-day SMA sits near $44.4, while the 50-day and 100-day averages remain clustered around $42.1 and $38, respectively. The 200-day moving average near $34.1 continues sloping upward, reinforcing the longer-term bullish structure. Sustained trading above the 20-day average historically coincided with extended momentum phases during previous HYPE rallies.　　Momentum indicators strengthened materially during the breakout. The MACD histogram flipped aggressively positive on the daily timeframe while the signal line crossover expanded to its widest bullish spread in months. Traders generally interpret the setup as confirmation that upward momentum remains dominant despite increasingly overbought conditions.　　Derivatives positioning amplified the rally further. CoinGlass liquidation data showed nearly 98% of recent liquidations were short positions as traders attempted fading the breakout above $50 resistance. Forced buybacks from liquidated shorts likely accelerated the final leg higher toward $57. Open interest simultaneously climbed alongside price, signaling fresh leveraged participation entering the market rather than traders simply closing positions.　　Funding rates across major exchanges also turned sharply positive, indicating bullish directional positioning dominated perpetual futures markets. Although elevated funding rates can eventually create conditions for a

05-22Industry

Kraken nears UAE launch after Dubai VARA approval

Kraken has moved closer to launching in the United Arab Emirates after its parent company, Payward, received preliminary approval from Dubais Virtual Assets Regulatory Authority.Krakens parent Payward received preliminary VARA approval for broker-dealer, investment and management services in Dubai.The planned UAE launch includes AED funding, margin trading, OTC services and Kraken Prime access.Related reports show Dubais crypto rulebook continues attracting exchanges, payment firms and institutional trading platforms.　　Payward received preliminary approval for a broker-dealer, investment and management licence from VARA. The approval gives Kraken a path toward offering regulated crypto services in Dubai once the remaining requirements are completed.　　The approval was granted on Thursday, May 21, moving Kraken closer to a full UAE rollout. The exchange has not confirmed a launch date, but plans to offer UAE dirham funding, margin trading, OTC trading and Kraken Prime access for institutional clients.　　Kraken plans AED funding and institutional access　　The planned launch would give UAE users direct crypto market access through local currency rails. AED funding and withdrawals could reduce friction for traders who currently rely on foreign currency routes or third-party payment channels.　　Kraken is now authorized by VARA in Dubai.　　Kraken also plans to offer institutional clients access to Kraken Prime. The service targets funds,

05-22Industry

Everclear and ZERO Network Shutdowns Add to Growing List of 2026 DeFi Closures

Everclear and ZERO Network announced shutdowns this week, marking the latest casualties of accelerating closures in the Decentralized Finance (DeFi) space in 2026.　　The announcements come amid a broader market downturn that has pressured crypto companies.　　Everclear and ZERO Cite Different Pressures　　In a post on X, Everclear said the project was built around a solver model for rebalancing cross-chain funds. The segment never gained enough commercial depth, with users heavily focused on price. Monthly volume reached $500 million, but that activity did not produce sustainable revenue.　　Everclear pivoted to a business-to-business-to-consumer (B2B2C) model over the past six months, signing on several major industry partners. The team said it underestimated partner onboarding timelines, and the runway ran out before deals went live.　　“If funds remain after all liabilities are settled, we are exploring a buyback of existing tokens — the sum of the buy backs potential sum might be in the range of $50–200k. We will share full details and mechanics before anything is finalized. The buyback is not certain,” the post read.　　Crypto projects that have shut down, wound down, or filed for bankruptcy in 2026:　　JANUARY　　MilkyWay　　Pixiland　　Sound xyz　　Nifty Gateway　　Entropy　　Slingshot　　Forgotten Runiverse　　Foundation　　FEBRUARY　　Polynomial　　ZeroLend　　Parsec Finance　　Step Finance　　Solana Floor　　Remora Markets　　MARCH　　ZERO Network framed its closure as a strategic refocus by Zerion on its

05-22Industry

Philippines chases AI gains despite readiness gap: forum

Industry leaders, government officials, and development economists converged at a BusinessWorld forum on May 18 to map out the Philippines‘ AI future—and confronted a shared concern: the country’s ambitions are outpacing its infrastructure, workforce, and governance capacity.　　AI governance and the future of AI in the Philippines　　AI governance should align innovation with safeguards and protection: this was the message of the Philippines Department of Information and Communications Technology (DICT) Secretary Henry Aguda in the forum. He stressed the need for trust to widen AI adoption and claimed that the DICT is prioritizing data protection and cybersecurity as AI tools become more embedded in public services and businesses.　　“AI governance can‘t be about choosing between innovation and protection. We need both. And what we really need to protect is trust. Because without trust, adoption slows down, and the benefits won’t reach the people who need them most,” he said. “AI is not coming; it‘s already here. It’s already part of how we work, learn and deliver services.”　　According to Deloitte Philippines Country Head Ramon Chito Ramos, although AI adoption is improving among enterprises, human capability is slowing its adoption. He highlighted the need to upgrade digital infrastructure to support AI workloads, while also noting

05-22Industry

MATIC Price Prediction: Sub-$0.30 Breakdown Looms as Bears Circle $0.38 Support

Polygon sits in no-man‘s land at $0.38, caught between sellers unloading into every bounce and buyers who’ve gone radio silent. The token‘s grinding sideways action masks a deeper structural problem – it’s trading a staggering 45% below its 200-day moving average at $0.69, signaling institutional money has long since rotated elsewhere.　　The 24-hour volume of just $1.07 million on Binance tells the real story. This isn‘t consolidation; it’s abandonment. When Blockchain.news reported earlier projections suggesting MATIC could hit $0.75 by year-end, those forecasts assumed the Layer 2 narrative would maintain steam. Instead, were watching a slow-motion capitulation as newer scaling solutions capture mindshare.　　Indicator Alignment　　The technicals are painting a brutally clear picture that contradicts any bullish spin. RSI at 38 isn‘t oversold territory – it’s the sweet spot where weak hands finally throw in the towel. More damning is the MACD histogram sitting at essentially zero (-0.0000), confirming momentum has completely evaporated.　　Bollinger Band positioning at 0.29 means MATIC is hugging the lower third of its volatility range, with the next logical destination being a test of the $0.31 lower band. The daily ATR of just $0.02 shows volatility compression that typically precedes violent moves, and with price below every meaningful moving average,

05-22Industry

US Regulators Pause Prediction Market ETFs as Galaxy-BitGo $100M Court Fight Reopens

Across the courtroom this week, Galaxy Digital and BitGo opened oral arguments over the collapse of their once-$1.2 billion merger, with the dispute reaching its fourth year since the deal was first announced. BitGo is pressing Galaxy, led by founder and chief executive Michael Novogratz, for at least $100 million in damages over what it characterizes as a deliberate retreat from a binding transaction. The custodian alleges that Galaxy failed to use reasonable efforts to close and concealed details of U.S. regulatory probes that would have materially affected the mergers viability. Galaxy terminated the acquisition in August 2022, asserting it was not contractually obligated to pay a termination fee.　　At the center of Galaxy‘s defense is BitGo’s failure to deliver audited 2021 financial statements by the July 31, 2022 contractual deadline. Galaxy maintains that the missed milestone gave it grounds to walk without penalty, while BitGo counters that Galaxys wider motivations were shaped by deteriorating market conditions during the bear market and by undisclosed regulatory pressure. The disagreement underscores how heavily mergers and acquisitions in digital assets depend on timely audited disclosures, a requirement that even large, well-capitalized counterparties have struggled to satisfy during periods of acute market stress and rapidly

05-22Industry

...

332334

...

1000