Crypto Industry News & Market Trends

Why Trumps bitcoin ETF plans likely collapsed before even getting off the ground

Trump Media & Technology Group likely abandoned plans for its bitcoin exchange-traded fund (ETF) because the economics no longer worked.　　ETF analysts say the company behind Truth Social faced a brutal reality: the spot bitcoin ETF market has become crowded, fees have collapsed and investors already have more than a dozen similar products to choose from.　　This week, Trump Media withdrew registration statements with the U.S. Securities and Exchange Commission for the “Truth Social Bitcoin ETF” and “Truth Social Bitcoin & Ethereum ETF,” ending plans to launch the funds.　　The company described the move as a “structural reset” designed to help it build the right investment products for investors. But analysts following the ETF market say competitive pressure was the more likely reason.　　“The first five Truth Social ETFs have received a lukewarm reception, attracting just over $30 million in combined assets since their launch at the end of 2025,” Nate Geraci, president of NovaDius Wealth Management, told CoinDesk.　　“That tepid investor response may have dissuaded the firm from entering a highly competitive category, where it would face some of the worlds largest asset managers and well-established crypto-native ETF issuers,” Geraci said. With spot bitcoin ETF fees already as low as 14 basis points, the

05-21Industry

Vitalik Buterin Backs New Ethereum Privacy Initiatives and EIP-8250

Ethereum　　Vitalik Buterin Backs New Ethereum Privacy Initiatives and EIP-8250Vitalik Buterin backed new Ethereum privacy tools, including keyed nonces and FOCIL updates.EIP-8250 proposed independent replay domains for Ethereum privacy-based transactions.Ethereum developers said keyed nonces could improve concurrent privacy-based transactions.　　Ethereum co-founder Vitalik Buterin renewed discussion of Ethereum‘s long-term privacy roadmap after outlining several short-term initiatives to improve native privacy features across the network. His comments led to a debate across the Ethereum community, including discussions about transaction privacy, public goods funding, and Ethereum’s market valuation.　　In a post on X, Buterin said Ethereum was moving toward stronger native privacy through several ongoing efforts. He pointed to account abstraction, FOCIL, keyed nonces, and access-layer developments such as Kohaku and private reads as areas currently under development.　　The discussion followed the introduction of EIP-8250, titled “Keyed Nonces for Frame Transactions,” proposed by developers soispoke, nero_eth, lightclients, and Buterin. According to the proposal, the update would replace Ethereums existing single-sender nonce system with a structure using “nonce_key” and “nonce_seq.”　　New Ethereum Proposal Targets Privacy Coordination　　The proposal stated that keyed nonces would create independent replay domains for frame transactions. Developers involved in the discussion explained that the structure could allow privacy protocols to process concurrent withdrawals from a shared

05-21Industry

Vitalik Buterin Outlines Plans To Improve Ethereums Native Privacy

Ethereum　　Vitalik Buterin Outlines Plans To Improve Ethereums Native Privacy　　Ethereum is moving a step closer in its quest for native privacy with Vitalik Buterin revealing a near-term roadmap. In a recent statement, he detailed how Ether could become a native privacy platform.　　Vitalik Buterin Reveals Plans For Ethereums Native Privacy　　Ethereum co-founder Vitalik Buterin has announced a series of milestones. He hopes to see Ether achieve these goals in the near future to implement native privacy capabilities on the blockchain.　　His statement follows several concerns raised by community members over the lack of meaningful privacy in ETH transactions.　　The discussion started with an X user saying that “Ethereum‘s missing component at this point is some form of native privacy.” In addition, that user added that privacy could be a big boost to ETH’s “moneyness” and consequently its demand for mainnet usage.　　Vitalik Buterin responded by describing various projects in development. Among the “short-term things being done to shift Ethereum toward native privacy,” he wrote, are “AA + FOCIL,” “keyed nonces” and “access-layer work.”　　Account Abstraction & EIP-8250 Take Center Stage　　One of the primary focus points is to merge Account Abstraction (AA) with a censorship-resistance framework called FOCIL, Vitalik Buterin said. It will provide more certainty for privacy-oriented

05-21Ethereum

Pound Sterling Price News and Forecast: GBP/USD rebounds as Iran deal hopes sink USD

British Pound outperforms Euro as traders reassess ECB and BoE outlook after inflation data　　The Euro (EUR) weakens against the British Pound (GBP) on Wednesday, with EUR/GBP extending losses for a third consecutive day as traders digest the latest inflation data from both the United Kingdom and the Eurozone. At the time of writing, the cross is trading around 0.8654, hovering near one-week lows. Read More…　　British Pound flatlines against the Japanese Yen, amid soft UK CPI data　　The Pound (GBP) is trading practically flat against the Japanese Yen (JPY) on Wednesday, moving halfway through the last three weeks trading range, a few pips below 213.00. A sharper-than-expected decline in UK inflation in April hurt the Pound, but the Yen remains weighed down by the differential between Japanese and US Treasury yields as energy prices boost inflationary risks. Read More…

05-21Industry

WTI snaps four-day rally as traders assess US-Iran talks and Hormuz flows

Finance　　WTI snaps four-day rally as traders assess US-Iran talks and Hormuz flows　　West Texas Intermediate (WTI) crude Oil plunges more than 5% on Wednesday, snapping a four-day winning streak as traders react to fresh geopolitical headlines that raised hopes for a potential agreement to end the US-Iran war and reopen the Strait of Hormuz. At the time of writing, WTI trades around $96.76 per barrel.　　US President Donald Trump said on Wednesday that negotiations with Iran were in the final stages, though he warned that military action remained possible if no deal is reached. “Theres more fighting to come unless Iran gets smart,” Trump said.　　Diplomatic efforts mediated by Pakistan continue as Washington and Tehran work to finalize the text of a possible agreement. According to Al Hadath, citing sources, Pakistani army leader Asim Munir may travel to Iran on Thursday to announce the final version of the agreement.　　Meanwhile, Irans Islamic Revolutionary Guard Corps (IRGC) Navy said transit through the Strait of Hormuz remains ongoing with permits and coordination from Iranian authorities. The IRGC added that 26 vessels, including oil tankers, container ships and other commercial vessels, transited through the Strait over the past 24 hours.　　These developments helped ease immediate supply disruption fears

05-21Industry

Crypto layoffs grow as Meta’s AI shift hits jobs

Crypto layoffs are drawing fresh attention as Meta starts a new round of AI-linked job cuts, adding Big Tech context to staff reductions across digital asset firms.Meta began global AI-led cuts as Singapore staff received early notices, with more regions expected.Kraken reportedly cut about 150 roles as AI tools expanded across the major crypto exchange.Coinbase plans to cut 14% of staff while building leaner AI-native teams this year globally.　　Meta has started notifying workers in Singapore as part of a wider restructuring tied to artificial intelligence. Bloomberg reported that some employees received layoff emails around 4 a.m. local time, while staff in Europe and the U.S. were also expected to receive notices.　　The cuts are expected to affect engineering and product teams. The same report said Meta had nearly 80,000 employees at the end of March, before the latest restructuring began. A 10% reduction would place the job cuts near 8,000 roles.　　AI push changes Metas structure　　Meta is also moving workers into AI-focused teams. The Guardian reported that more than 7,000 employees must shift into new teams tied to AI agents and cloud infrastructure. The report said some transfers were not optional.　　Metas head of people, Janelle Gale, said in a memo that smaller

05-21Industry

Buy or Sell Ethereum? Analysts Split on ETH Price Charts

The $2,100 zone, therefore, becomes critical. A decisive hold could open the door to a bounce toward $2,500, while a clear loss might validate the bearish scenario.　　On-chain data support the cautious view. Weakening DeFi total value locked, softer holder behavior, and reduced network activity reinforce concerns about further downside if immediate supports give way under pressure.　　Recent exploits in the DeFi space have also damaged short-term sentiment around Ethereum.　　Combined with the yield pressure from traditional markets, these headwinds explain why many investors remain hesitant to add exposure right now.　　$ETH is stuck around $2,140, lagging BTC hard while DeFi TVL on Ethereum has collapsed 41% since mid January from $106B down to $63B.　　That drop lines up perfectly with a clear inverted cup-and-handle forming on the daily chart since late March. The current bounce feels like the… pic.twitter.com/MhKHcHpZRR　　— Robert ???? (@iR0bertt) May 20, 2026　　The broader macro backdrop still matters. If global yields finally roll over and the CLARITY Act advances on schedule, risk appetite could return quickly, turning today‘s discomfort into tomorrow’s opportunity for early buyers.　　Whats next for Ethereum price？　　Ethereum stands at a defining moment between two opposing scenarios. On one side, Van de Poppes accumulation thesis builds on peaking yields, regulatory progress,

05-21Ethereum

Ethereum Price Outlook: Why Whale Selling and ETF Outflows Could Drag ETH Lower

Ethereum　　Ethereum Price Outlook: Why Whale Selling and ETF Outflows Could Drag ETH Lower　　The post Ethereum Price Outlook: Why Whale Selling and ETF Outflows Could Drag ETH Lower appeared first on Coinpedia Fintech News　　Ethereum price action is beginning to flash fresh warning signs as a combination of whale selling, ETF outflows, and weakening price structure raises concerns over its near-term outlook. As volatility returns and confidence starts to weaken around key levels, traders are increasingly watching whether this shift reflects a temporary cooldown, or something more meaningful.　　That focus is now turning toward why whale selling and ETF outflows could drag ETH price lower, and whether Ethereum is at risk of losing another major support zone.　　Whale Selling Raises Questions Over Ethereum Conviction　　One of the more notable warning signs for Ethereum comes from the behavior of large holders. Recent market data suggests that more than 60 whale wallets holding over 10,000 ETH have either significantly reduced exposure or fully exited positions over recent weeks. Whale movements are closely watched because large holders often react early to changing market conditions, particularly during periods of uncertainty.　　While whale exits do not always signal panic selling, a decline in high-value holders during periods of weakening momentum often

05-21Ethereum

Algorand price forecast: is ALGO’s Robinhood rally a bounce or reversal?

Algorand (ALGO) jumped 5% after Robinhood listed it for US users.Algorands price has stayed between $0.1092 and $0.1173 with no breakout.Weekly trend is still down 6.8% despite the short-term rally.　　Algorand has recorded a sharp burst of activity following its addition to Robinhoods crypto trading platform, including availability for users in New York.　　At the time of writing, Algorands ALGO coin was trading near $0.1149, showing a 24-hour gain of about 5%.　　Robinhood listing triggers short-term momentum　　The listing on Robinhood marks a notable distribution shift for Algorand.　　The listing on Robinhood gives access to a large base of retail users, and historically, new listings on major retail brokerages tend to attract immediate trading interest.　　In this case, the move was preceded by a wave of market commentary highlighting the possibility of Robinhood adding ALGO.　　During that period, Algorand recorded intraday gains in the range of 5% to over 7%, depending on the timeframe used across different market trackers.　　Once the listing was confirmed, trading activity increased further, with daily volume reaching approximately $58.9 million according to data from Coingecko.　　This spike in activity coincided with heightened attention from retail traders reacting to the expanded accessibility of the token.　　Price structure still shows resistance to a sustained breakout　　Even with the

05-21Industry

Ethereum Price Prediction: ETH Holds $2,100 as Whales Exit

Ethereum is holding the lower edge of its green Gaussian Channel, keeping the short-term bounce setup alive near $2,100. However, whale count data shows large ETH holders have been leaving or consolidating positions, putting the $2,000 support level back in focus.　　Ethereum Price Backtests Green Gaussian Channel as $2,100 Support Holds　　Ethereum is backtesting the green Gaussian Channel on the daily Bitstamp chart shared by Sky on X, with price holding near the lower channel area for several sessions.　　The ETH/USD chart shows Ethereum trading near $2,110 after pulling back from the recent range near $2,370. The latest candles sit close to the lower edge of the green Gaussian Channel, where the analyst marked a possible support reaction.　　ETH/USD Daily Gaussian Channel Chart. Source:　　The channel had already flipped from purple to green. That matters because the previous purple phase showed weaker trend conditions, while the green phase points to a possible recovery setup.　　However, ETH still needs to hold the current support area. The chart shows the lower channel band near $2,102, while price remains only slightly above it.　　A daily close below this zone would weaken the backtest and could bring the lower range near $2,025 back into focus.　　If Ethereum holds the channel, the first

05-21Industry

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