Crypto Industry News & Market Trends

Why Hyperliquid’s HYPE Token Surged 20% Today

The post Why Hyperliquids HYPE Token Surged 20% Today appeared first on Coinpedia Fintech News　　Hyperliquids native token HYPE surged more than 20% today as rising trading activity, a newly launched ETF, and growing competition with Solana-based perpetual trading platforms pushed investor interest sharply higher.　　The rally comes as Hyperliquid strengthens its dominance in on-chain derivatives trading while competition from Solana-based perps platforms rapidly heats up across the crypto market.　　HYPE ETF Launch Fuel Token Rally　　One of the biggest catalysts behind HYPEs rally was the launch of the Bitwise Hyperliquid ETF, which officially began trading on the New York Stock Exchange under the ticker BHYP.　　The ETF launch significantly boosted market attention around Hyperliquid, which has already become the largest on-chain perpetual futures exchange in crypto.　　The platform recently processed nearly $7.89 billion in daily trading volume while generating roughly $2.57 million in protocol fees within 24 hours.　　At the same time, Hyperliquid saw huge trading activity, with HYPE trading volume surpassing $760 million as traders increased their positions in the token.　　Hyperliquid Faces Rising Pressure From Solana-Based Perps　　The rally also comes during growing competition between Hyperliquid and Solana-based perpetual trading platforms.　　The discussion intensified after the Solana Foundation secured the “Perps” social handle around May 12, triggering

05-15Industry

Celsius executive Roni Cohen Pavon avoids prison after cooperation deal

Former Celsius executive Roni Cohen-Pavon has been sentenced to time served by a U.S. federal judge nearly three years after authorities charged him in connection with the crypto lenders collapse and manipulation of its CEL token.Roni Cohen Pavon received a sentence of time served after cooperating with prosecutors in the Celsius fraud case.Federal prosecutors said his assistance helped advance the criminal case against former Celsius CEO Alex Mashinsky.Mashinsky remains in prison under a 12-year sentence tied to fraud charges linked to Celsiuss 2022 collapse.　　According to proceedings held Wednesday in the U.S. District Court for the Southern District of New York, Judge John Koeltl also ordered one year of supervised release for the former Celsius chief revenue officer after his guilty plea to fraud and conspiracy charges tied to the platforms operations.　　Court records show Cohen-Pavon originally pleaded not guilty after his September 2023 arrest before reversing course days later and cooperating with prosecutors in the governments case against Celsius founder Alex Mashinsky.　　Federal prosecutors had already urged the court earlier this month to consider a reduced sentence. In a May 6 filing, U.S. Attorney Jay Clayton stated that Cohen-Pavon provided “substantial assistance” during the investigation, including preparations to testify against Mashinsky before

05-15Industry

Solana (SOL) Eyes Breakout: Critical $98 Resistance Level Could Unlock Major Rally

Since early February, SOL has oscillated within a defined channel featuring support at $78 and resistance at $98. Technical analyst Ali Charts mapped these boundaries, noting that $88 functions as the midpoint pivot.　　SOL attempted to challenge the $98 resistance level recently but faced swift rejection. Ali Charts observed that price has rebounded from lower levels, indicating potential for another attempt at the $98 ceiling.　　According to Ali Charts, a confirmed daily close beyond $98 would likely propel SOL toward an initial target of $107, followed by a secondary objective at $117. Should $98 maintain its role as resistance, expect potential retracement to $88 or a deeper correction toward $78.　　$98 is the level that could signal a bullish breakout for Solana.　　Since February, $SOL has been moving within a well-defined channel. Ive identified the boundaries at $78 (Floor) and $98 (Ceiling), with $88 as the current pivot point.　　We recently tested that $98 resistance,… pic.twitter.com/E1ntBJZHZH　　— Ali Charts (@alicharts) May 14, 2026　　Large-Scale Cup and Handle Formation Takes Shape　　On the monthly timeframe, analyst Bitcoinsensus has identified an expansive cup and handle pattern. SOL declined from its 2021 peak, established a bottom throughout 2022 and 2023, then rallied back toward previous resistance zones.　　The handle portion is currently

05-15Industry

Gemini Shares Explode After Hours as Revenue Surges 42%

Tech　　Gemini Shares Explode After Hours as Revenue Surges 42%　　The growth was driven by OTC trading, services, and strong performance from its crypto-linked credit card business. The company also revealed that its prediction market platform generated $400,000 in revenue since launching in December.　　Gemini Stock Soars After Massive Revenue Growth　　Gemini shares in after-hours trading on Thursday after the crypto exchange reported strong first-quarter revenue growth and revealed new details about its expanding prediction markets business.　　The company total revenue of $50.3 million for the quarter, which is a 42% increase compared to the $35.3 million that was generated during the same period last year. The growth was largely driven by expanding service offerings, over-the-counter (OTC) trading activity, and strong performance from the firms crypto-linked Gemini Credit Card business.　　One of the biggest updates from the earnings report was Geminis first disclosure of revenue from its in-house prediction market platform, which launched in December. The company said the segment generated $400,000 in revenue so far, while more than 20,000 users have traded contracts on the platform.　　Gemini also revealed that over 100 million contracts have already been traded since launch. Larger platforms like Polymarket and Kalshi reportedly see daily ranging between $300,000 and $500,000 on a

05-15Industry

Slide.fun And ChimpxAI Join Forces To Advance Meme Token Experience Across DeFi Cross-Chain Applications

In an innovative move to power meme coin user participation with real, rewarding DeFi experiences, Slide.fun, a gamified meme token platform, today announced a strategic partnership with ChimpxAI, an artificial intelligence platform designed for secure and simplified multi-chain asset management. This collaboration enabled Slide.fun to blend ChimpxAIs DeFi infrastructure to make customer participation in its gamified meme coin platform more sustainable, rewarding, and engaging, supported by DeFi multi-chain assets and applications.　　Slide.fun is a gamified network (connected with the Telegram messaging platform) that enables users to discover, launch, and trade meme tokens. The network uses a swipe-based user interface that simplifies user interactions with meme coins on the Solana blockchain.　　Slide.fun Building Meme Token Capabilities With ChimpxAIs DeFi　　By welcoming ChimpxAI to its gamified meme coin platform, Slide.fun aims to build a comprehensive ecosystem for meme token users by introducing advanced DeFi features (such as asset management, staking functionalities, and several others) into its meme coin discovery platform. ChimpxAI is an AI-driven DeFi super-platform with expertise in simplifying blockchain interactions, crypto trading, and multi-chain asset management through natural language commands. The platform simplifies sophisticated DeFi operations, making them accessible to everyday users by integrating gasless transactions, AI, and automation into a unified interface.　　Through

05-15Industry

Gemini’s $50M quarter shows why it is moving beyond crypto trading

Gemini reported $50.3 million in total revenue for the first quarter of 2026, up 42% from a year earlier. Geminis credit card revenue jumped nearly 300%, making financial services central to its Q1 growth story.Exchange revenue fell 27% as trading volume dropped from $13.5 billion to $6.3 billion year over year.Geminis CFTC clearing license supports its push into prediction markets, futures, options and broader trading products.　　The company said the increase came from services, interest income and over-the-counter activity, while transaction revenue stayed almost flat at $24.1 million.　　The results show how Gemini is moving beyond its original crypto exchange model. Exchange revenue fell 27% to $17.2 million as spot trading slowed. Total trading volume dropped to $6.3 billion from $13.5 billion in the same quarter last year.　　Credit card revenue leads growth　　The largest gain came from Geminis credit card business. Credit card revenue rose nearly 300% year over year to $14.7 million. Gemini said the increase came from user growth, with about 13,100 new card sign-ups in Q1 and 123,700 cumulative new cardholders over the past four quarters.　　Services revenue and interest income rose 122% to $24.5 million. That segment now accounts for 49% of total revenue, compared with 31% in Q1 2025.

05-15Industry

Growing Through Volatility: What Leaders Must Rethink In 2026

Just five months into 2026, many of the assumptions that shaped last year‘s business strategies are already being tested. Renewed trade volatility, accelerating AI adoption and persistent geopolitical friction are forcing leaders to confront a clear truth: In this volatile world, resilience isn’t just about defense. Its about building the agility to keep growing while meeting rising customer expectations for speed, transparency and personalization. Across Asia-Pacific and emerging markets, forward-looking executives are learning that resilience and growth go hand in hand. Agile networks, adaptive operations and intelligent systems are becoming engines of growth. The challenges CEOs face today—from trade complexity to faster-moving supply chains—cannot be solved with legacy tools or silos. They demand a fundamentally different approach that puts customers at the center, delivers flexible solutions, provides real-time visibility and builds trust through reliable, proactive service.　　That shift is already underway. Leading companies are moving away from rigid, end-to-end global supply chains toward more modular, regionally balancedtrade strategies built on flexible logistics, local execution, real-time digital visibility, strong long-term supplier partnerships, scenario planning and multi-sourcing options such as near-shoring. AI and data are the connective tissue in this transformation—enabling faster customer response, smarter adaptation to policy shifts and the confidence to

05-15Industry

ETH Price Prediction: $2,400 Rally Expected as Oversold Bounce Builds Momentum

Technical Foundation Points to Reversal Setup　　Ethereum sits at a critical juncture near $2,266, hovering dangerously close to the lower Bollinger Band at $2,237. This proximity creates an oversold environment that historically precedes sharp reversals. The combination of stochastic readings showing %K at 16.86 and %D at 13.49 signals genuine oversold territory, while the MACD histogram has reset to zero – marking a clean slate for the next directional move.　　What makes this setup compelling is how multiple timeframes align. ETH trades below most major moving averages except the 50-day SMA at $2,247, creating a compressed coil effect. When assets bounce from these technically oversold levels with volume confirmation, the subsequent moves tend to be swift and substantial. The RSI reading of 46.39 provides room for upward expansion without immediately hitting overbought levels.　　Market Structure Supports Bullish Case　　The $610 million daily volume on Binance demonstrates sustained institutional interest despite the recent -1.52% decline. This volume profile differs markedly from true capitulation events, where trading activity typically dries up completely. Smart money appears to be accumulating at current levels, evidenced by the price holding above $2,234 despite testing the lower Bollinger Band multiple times.　　Futures market positioning remains balanced with neutral funding rates at 0.0059%,

05-15Ethereum

Dogecoin futures open interest hits $1.79 billion as BTC and ETH derivatives go flat

Bitcoin Ethereum　　Dogecoin futures open interest hits $1.79 billion as BTC and ETH derivatives go flat　　Bitcoin Ethereum News　　Dogecoin futures open interest (OI) climbed 5.09% to $1.79 billion on May 14, with trading volume jumping 81.62% to $3.99 billion, per CoinGlass data.　　DOGE futures open interest hit $1.79 billion on May 14 | Source: CoinGlass　　In comparison to the top five coins, none moved in the same direction. Bitcoin OI slipped 0.36%. Ethereum added 0.94%. Solana dropped 5.96%. XRP fell 2.52%. All four traded lower on the day. DOGE held near $0.1157, up about 1%.　　As Cryptopolitan the previous week. It has nearly tripled since.　　Speculative capital is rotating, not growing　　The broader crypto market held near $2.8 trillion in total valuation on May 14. Capital did not leave the sector; it only shifted. Money moved out of BTC and ETH derivatives and into a higher-volatility asset. That pattern has appeared before.　　In 2021 and parts of 2024, leveraged positions in meme coins built up fast during periods when larger tokens traded sideways, then unwound once momentum broke.　　Intellectia.AI reported that open DOGE positions reached 15.13 billion tokens worth roughly $1.67 billion. Analysts flagged the $0.11 level as a key support. A break below that level could trigger cascading

05-15Ethereum

Judge Delays Aaves Bid to Unfreeze $71M ETH from Kelp DAO Exploit

A New York judge has delayed a decision on Aave‘s emergency motion to unfreeze $71 million worth of Ether (ETH) tied to the $293 million Kelp DAO exploit, a significant DeFi theft attributed to North Korea’s Lazarus Group. Judge Margaret M. Garnett has requested additional briefings from both Aave and the law firm Gerstein Harrow LLP, extending the process through at least June 5, 2026.　　The frozen funds, which represent approximately one-quarter of the stolen assets, were locked by Arbitrum‘s Security Council on April 20 in an emergency action to prevent the attacker from moving the ETH further. Aave has argued that the frozen ETH is critical for mitigating user losses and stabilizing the DeFi ecosystem, warning of potential liquidations and broader market disruption if the assets remain inaccessible. However, Gerstein Harrow LLP, representing creditors claiming rights to the funds, has contested Aave’s request, filing a restraining notice earlier this month.　　Judge Seeks Specific Legal Clarifications　　Judge Garnett outlined six key legal issues that require further clarification before she can rule on the matter. These include whether the transactions tied to the exploit fall under New Yorks shelter principle, the distinction between fraud and theft in this context, and the legal framework governing

05-15Ethereum

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