Crypto Industry News & Market Trends

BitMine Buys Another $197 Million In Ethereum As Tom Lee’s 5% ETH Strategy Presses On

On-chain data is pointing to another interesting accumulation move by Tom Lees BitMine Immersion Technologies, with a whale tracker flagging a $197.64 million Ethereum purchase routed through four newly created wallets.　　The latest Ethereum buy has come during a period of weakness, which has seen the Ethereum price losing $2,300, and $2,100 is now in focus.　　BitMine Adds 89,026 ETH As Treasury Accumulation Continues　　On-chain analytics firm Lookonchain flagged a series of transactions suggesting that BitMine, the cryptocurrency mining and treasury firm chaired by prominent investor Tom Lee, may have quietly acquired an additional 89,026 ETH valued at approximately $197.64 million at current market prices. According to Lookonchain, the funds were routed through four newly created wallet addresses, which received the ETH from major exchanges Kraken and FalconX.　　Lookonchain noted that the wallets were created shortly before the transfers. The image shared with the transaction data shows a 25,000 ETH transfer from Kraken worth about $55.67 million, three separate 15,000 ETH transfers from FalconX worth about $33.3 million each, and another Kraken transfer of about 19,026 ETH worth $42.28 million.　　BitMine had slowed its ether purchases in the week ending May 11, buying 26,659 ETH worth approximately $63 million, about a quarter of its recent

05-18Ethereum

Ethereum (ETH) Price Prediction: ETH Bulls Fight to Hold $2,180 as $2,680 Gap Stays in Focus

Ethereum price prediction focuses on ETH holding near $2,180, with traders watching $2,100 support, $2,501 resistance, a $2,680 CME gap, and corporate ETH reserves near $16B.　　Ethereum price is once again sitting at a make-or-break zone, with the price holding near $2,180 as per Brave New Coin data. The $2,100 support area is now the first level bulls need to defend, while the $2,501 resistance and the open CME gap near $2,680 remain key upside targets if momentum returns.　　Ethereum Price Prediction Targeting $7K　　Sangita_Gems pointed to a larger Ethereum fractal, showing Ethereum price inside a falling wedge-style formation that resembles its previous recovery cycle. In that earlier setup, Ethereum went through a deep correction, formed support, broke out, retested the range, and then expanded strongly from the lows.　　The key area on the chart is the support band around $1,625–$1,750, where ETH appears to be trying to build its base. As long as this region holds, the broader recovery structure remains alive. The chart also highlights the breakout-and-retest phase as the main confirmation signal. ETH needs to move out of the falling wedge, reclaim the range, and hold above the broken resistance before the larger upside case becomes stronger. If that plays out,

05-18Ethereum

Cardano Price Prediction: ADA Holds $0.25 Support as Bulls Eye Trendline Break Towards $0.30

Cardano price is holding near the key $0.25 support zone as bulls look to break above $0.30–$0.31 to confirm a stronger recovery setup.　　Cardano price is trying to sustain after another sharp market-wide shakeout, with buyers stepping back in near the same support zone that has protected ADA through most of its recent consolidation. According to Brave New Coin, ADA is trading near $0.26, up 0.95% in the last 24 hours, with price moving between an intraday low of $0.25 and a high near $0.26.　　Cardano Price Holds Its First Major Support Zone　　Saltwayer highlighted that Cardano price is still trading below a descending trendline, with the recent market-wide drop adding pressure to the structure. However, the chart also shows that buyers continue to defend the $0.25 area, which remains the first major support level for Cardano.　　This support zone is important because a clean breakdown below $0.25 would weaken the short-term recovery and expose ADA to lower demand areas around $0.24–$0.22. For now, the reaction from this region suggests buyers are still trying to prevent a deeper move.　　The upside trigger is clear. ADA Cardano price needs to reclaim the trendline region near $0.27–$0.28 to shift momentum back in favor of bulls. Until that

05-18Industry

AVAX Price Prediction: $10.22 Target Within 48 Hours as Whale Activity Surges

Technical Foundation Building Momentum　　Avalanches current technical position reveals controlled accumulation rather than market uncertainty. The RSI at 45.6 indicates neutral territory where neither bulls nor bears hold decisive advantage, while the MACD histogram sits at zero – signaling compressed momentum awaiting directional catalyst.　　Trading within Bollinger Bands at 0.37 positioning, AVAX operates in the lower-middle channel with significant runway toward the $10.26 upper band. The $9.33 price sits below the 20-day SMA at $9.52 but maintains support above the 50-day moving average at $9.34, establishing a technical floor for upward movement.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full AVAX price, calculator & analysis　　Institutional Money Flow Patterns　　Derivatives positioning reveals concentrated bullish sentiment from major players. Blockchain.news data shows smart money maintaining a 2.0 long-to-short ratio, representing nearly 67% bullish positioning on AVAXs near-term direction. Retail traders echo this confidence with 62% long positioning – a convergence that typically precedes significant price action.　　Active buying dominates current flow with a 1.2 buy-to-sell ratio over the past hour, translating to $103,919 in purchase volume against $86,526 in selling pressure. The 3.6% increase in open interest to $78.3 million indicates fresh capital deployment rather than position

05-18Industry

LINK Price Prediction: $13+ Target Within 30 Days as Smart Money Builds Massive Positions

The Immediate Setup　　Chainlink is trading in no man‘s land at $9.79, sitting right between its 20-day SMA ($9.82) and 50-day SMA ($9.38). The MACD histogram has flatlined at zero, screaming indecision, while RSI hovers at a perfectly neutral 50.03. This isn’t weakness—its compression before the next major move.　　The real story is happening beneath the surface. Open interest has exploded 6.38% in 24 hours to nearly $100 million, indicating fresh institutional positioning. When smart money builds positions this aggressively while price consolidates, it typically precedes significant directional moves. Blockchain.news has been tracking similar setups across major altcoins, and this pattern rarely disappoints.　　Key Levels Exposed　　The technical battlefield is clearly defined. Immediate resistance sits at $9.89, with the critical breakout level at $9.99. Above that, LINK faces relatively thin air until the upper Bollinger Band at $10.90. The 200-day SMA looms overhead at $11.15—a level thats been capping rallies for months.　　Support is equally well-defined. The $9.65 level has held multiple tests, backed by the psychological $9.51 zone. Below that, the lower Bollinger Band at $8.74 represents the absolute floor for any legitimate bull case. The Bollinger Band position at 0.49 shows LINK is perfectly centered, ready to make its next major directional commitment.　　Sentiment

05-18Industry

UNI Price Prediction: Relief Rally to $4.00 Before $3.00 Breakdown

The Immediate Setup　　UNI trades at $3.52, trapped between its 20-day moving average at $3.50 and resistance at $3.58. Todays 0.43% bounce from $3.45 support lacks conviction, suggesting this consolidation phase is preparing for the next major move. The RSI sits neutral while momentum indicators show indecision, creating a compressed range that typically precedes volatile breakouts. With the token sitting in the middle of its Bollinger Bands, traders are watching for directional clues.　　Key Levels Exposed　　The technical structure reveals critical pressure points ahead. Immediate resistance clusters around $3.58 and the 7-day SMA at $3.66, while support holds at today‘s $3.45 low with stronger backing at $3.39. The most concerning element remains the 30% gap between current prices and the 200-day moving average at $4.59—a chasm that suggests either significant upside potential or dangerous overextension from long-term trends. The 50-day SMA at $3.35 represents the line in the sand for bulls, as breaks below this level historically trigger deeper corrections in UNI’s price action.　　Sentiment vs Reality　　On-chain metrics paint a mixed picture for UNIs near-term direction. Top traders maintain 67% long positioning, indicating whale confidence at current levels, while retail traders hold 60% long positions. However, the buy/sell ratio at 0.78 reveals aggressive distribution

05-18Industry

DOT Price Prediction: $1.40 Target Within 48 Hours as Smart Money Loads Up

Market Context: Why DOT is Moving Now　　Polkadot is grinding through a critical technical phase where momentum indicators are screaming indecision, but the derivative positioning tells a completely different story. At $1.28, DOT sits precariously between its 20-day moving average at $1.29 and the 50-day at $1.27 – a textbook squeeze formation that typically resolves violently within 24-48 hours.　　The real story isn‘t the modest 1.42% daily gain or the $4 million spot volume. It’s the derivatives market showing explosive positioning changes. Open interest spiked 3.17% in 24 hours to nearly $38 million, while funding rates remain neutral at 0.01% – indicating fresh leveraged positions without overheated sentiment. This setup screams institutional accumulation ahead of a major move, as tracked by Blockchain.news market analytics.　　Indicator Alignment　　The technical picture presents a fascinating contradiction that savvy traders should exploit. While the RSI hovers at 47.85 in neutral territory and MACD histogram sits dead flat at 0.0000, the Bollinger Band positioning at 0.47 suggests DOT is coiled for expansion.　　More telling is the ATR reading of $0.07, indicating compressed volatility that historically precedes 15-20% moves in either direction within 72 hours. The confluence of the 7-day SMA at $1.32 acting as immediate resistance with the upper Bollinger

05-18Industry

Trump meets with national security officials to discuss Iran war strategy as Strait of Hormuz crisis deepens

President Donald Trump convened his national security team to discuss the escalating standoff with Iran, with the Strait of Hormuz blockade and potential military options dominating the agenda. Nine weeks into a conflict that has rattled global energy markets and strained alliances, the meeting signals that Washington is still searching for its playbook.　　The gathering comes as Iran floated a proposal to reopen the strait, offering to lift its blockade in exchange for, among other things, the right to impose tolls on ships passing through the waterway. The US dismissed the toll plan as a non-starter.　　The Strait that holds the worlds energy hostage　　The Strait of Hormuz is the single most important chokepoint for global oil and liquefied natural gas supply, facilitating approximately one-fifth of global oil supplies and significant LNG shipments.　　Iran‘s Revolutionary Guard has maintained its blockade of the strait as a cornerstone of the country’s deterrence strategy, insisting on control of the waterway as key to its deterrence and dismissing suggestions of lifting the blockade.　　Iran communicated its nuclear red lines and its reasoning for the blockade through written messages delivered via Pakistan.　　During the security meeting, Trump discussed further military options, including the possibility of a strike on Iran. The US

05-18Industry

Chamath Palihapitiya warns Taiwan could lose strategic importance in 18 months

Chamath Palihapitiya, the venture capitalist and former Facebook executive, is making a bold claim: Taiwan‘s stranglehold on the world’s most advanced chip manufacturing could be irrelevant within 18 months. The reason, he argues, is that the US is getting close enough to producing comparable chips domestically that Taiwans status as the single critical chokepoint in the global semiconductor supply chain is about to change.　　TSMC, Taiwans crown jewel chipmaker, controls over 90% of global production at advanced logic nodes of 7 nanometers and below.　　The case Chamath is making　　Palihapitiya‘s argument rests on a straightforward premise. The US and allied nations are building out semiconductor fabrication capacity at a pace that will, in his view, erode Taiwan’s unique leverage. He suggests the US is nearing the ability to manufacture chips that rival what TSMC currently produces on the island, which would fundamentally alter the strategic math that has made Taiwan one of the most geopolitically sensitive places on Earth.　　What the ground reality looks like　　The US CHIPS and Science Act has allocated more than $52 billion for domestic semiconductor manufacturing and research. TSMC itself is investing in multiple fabrication facilities in Arizona, with mass production of advanced chips planned for the 2026 to 2028

05-18Industry

BCH Price Prediction: $380 Support Test Before $500 Rally - 70% Probability Within 30 Days

Bitcoin Cash sits in a precarious position at $415, caught between the undertow of broader crypto weakness and its own technical deterioration. The 7% gap below the 20-day moving average at $444 signals institutional disinterest, while the negative funding rate of -0.0050% shows futures traders are actually paying shorts to hold positions. This divergence from typical altcoin behavior suggests BCH is building a spring-loaded setup that Blockchain.news has been tracking closely.　　The proximity to Bollinger Band lower support at $417 creates an immediate decision point. Either buyers step in here, or were looking at a swift move toward the $380-$400 zone where real accumulation typically occurs.　　Indicator Alignment　　The technicals paint a picture of oversold conditions without capitulation. RSI at 34.67 hovers just above the traditional oversold threshold, while the flattened MACD histogram shows selling pressure has stalled rather than accelerated. This is classic bottoming action – not the violent washout that creates V-shaped reversals, but the grinding base-building that leads to sustained rallies.　　The Stochastic readings at 6.10/%K and 4.88/%D are deeply oversold, historically correlating with 10-15% bounces within 5-7 trading days. When combined with the current 14-day ATR of $14.51, were looking at natural volatility expansion that favors upside momentum once support

05-18Industry

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