Crypto Industry News & Market Trends

Watch These Bitcoin Price Levels Ahead of the CLARITY Act Vote

Bitcoin (BTC) bulls made another attempt to reclaim the $80,000 level on Thursday, as traders expect price swings before and after the CLARITY Act vote.　　Key takeaways:Odds of the CLARITY Act being signed into law in 2026 rose to 67% in May.BTC price must hold $78,000-$79,000 as support for a bullish push to $84,000 or higher.　　A 67% chance the CLARITY Act is signed into law in 2026　　The CLARITY Act, a proposed US bill that would set clearer rules for how regulators oversee the crypto market and stablecoins, is scheduled for a Senate Banking Committee.　　Prediction market traders say that there is a 67% chance that the CLARITY Act will be signed into law in 2026, .　　Traders on rival site Kalshi the odds of the Act becoming law before August and Dec. 31, 2026, at 62% and 67%, respectively.　　If the CLARITY Act passes, it could clearly classify Bitcoin as a digital commodity under the Commodity Futures Trading Commission (CFTC) oversight, reducing legal uncertainty for the industry and further legitimizing crypto in the US.　　Bitcoin is expected to react positively, similar to the GENIUS Act signed in July 2025, which provided the first major US stablecoin framework. Bitcoin was already trading near all-time highs and

05-15Industry

Three reasons why Canton price could surge past $0.18

Canton price has broken out of a cup and handle pattern on the daily chart — May 14 | Source: crypto.news　　A confirmed breakout from a cup and handle pattern often signals trend continuation and can lead to an upside move roughly equal to the depth of the cup structure.　　Momentum indicators continue to support the bullish outlook. The MACD recently completed a bullish crossover while the histogram continues printing expanding green bars, signaling strengthening upside momentum.　　Meanwhile, the Supertrend indicator recently flipped bullish and remains below current price action, suggesting buyers continue maintaining broader trend control.　　If bulls successfully hold above the previous breakout zone near $0.16, Canton price could soon attempt a move toward $0.18, a target calculated by adding the depth of the cup portion to the neckline breakout level of the bullish cup and handle pattern. A decisive breakout above that level could potentially open the door for a larger rally toward the psychological $0.20 region.　　On the downside, failure to hold above the current breakout structure could expose CC to renewed consolidation toward support zones near $0.155 and $0.145.　　For now, traders remain focused on whether institutional adoption momentum and improving technical structure can sustain Cantons recent decoupling from the broader

05-15Industry

CME Launches Crypto Index Futures Featuring XRP & Bitcoin

CME Group Unveils First Multi-Crypto Index Futures Contract Featuring XRP, Bitcoin, Ethereum & Solana　　The crypto derivatives market is entering a new phase beyond Bitcoin and Ethereum dominance. On June 8, subject to regulatory approval, CME Group will introduce Nasdaq CME Crypto Index futures, its first-ever market-cap weighted crypto futures product, broadening to the wider digital asset market.　　Why is this worth a keen eye？ Well, the new contracts are built to give institutional and professional investors broad exposure to leading digital assets through a single cash-settled futures product.　　The index tracks seven of the most actively traded cryptocurrencies, Bitcoin, Ethereum, Solana, XRP, Cardano, Chainlink, and Stellar Lumens, offering diversified access in one instrument.　　CME Group said the new product will be offered in both standard and micro-sized contracts, broadening access for different types of investors while giving them more flexibility in managing capital efficiency and risk.　　Upon expiry, the contracts will settle against the Nasdaq CME Crypto Settlement Price Index, which tracks the performance of the underlying digital assets.　　If the launch sees the light of day, it will reflect a deeper shift toward the institutionalization of crypto, where major financial players are moving away from treating digital assets as standalone speculative instruments and instead

05-15Industry

Coinbase Becomes Hyperliquid’s Official USDC Treasury Deployer, Increases HYPE Position

Crypto exchange Coinbase has expanded its support for Hyperliquid, becoming the perp DEX‘s official USDC treasury deployer. The exchange has also acquired the rights to the DEX’s native stablecoin USDH, which it revealed will sunset over time.　　Coinbase Expands Support For Hyperliquid With USDC Treasury Role　　In an X post, the crypto exchange announced that it is now Hyperliquids official treasury deployer of USDC as an Aligned Quote Asset (AQA). “Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid – USDC delivers exactly that,” the exchange said.　　Coinbase noted that USDC has been the leading stablecoin on the crypto leverage trading platform since its launch in 2023 and has seen rapid growth within the ecosystem. This move is expected to further solidify the stablecoin‘s position as the platform’s primary collateral token.　　Coinbase also announced that they have “significantly” increased its staked HYPE position as part of this new partnership. The Hyperliquid token is up over 5% on the back of this announcement, trading at around $41, according to TradingView data.　　Source: TradingView; HYPE daily chart　　Meanwhile, COIN stock is down amid the announcement that Coinbase is becoming Hyperliquid‘s official USDC treasury deployer. TradingView data shows that Coinbase’s stock is

05-14Industry

US government confirms comprehensive actions on rare earths

The US government is moving aggressively to build out domestic rare earth production, with Interior Secretary Doug Burgum confirming that actions are being taken “across the board” on these strategically vital materials. The push comes as Washington confronts an uncomfortable reality: China controls roughly 95% of global heavy rare earth output, and the US imports nearly all of its critical mineral needs.　　Whats actually happening　　The federal response is multi-pronged and, by government standards, moving fast. The Trump administration signed executive orders in 2025 specifically aimed at accelerating rare earth production and established the National Energy Dominance Council, or NEDC, chaired by Burgum himself.　　The NEDC has set ambitious internal timelines. Project identification is targeted within 10 days, and site leasing within 30 days.　　On the financial side, the Department of Energy has announced a $134 million funding allocation dedicated to strengthening domestic rare earth supply chains.　　A January 2026 White House initiative adds another lever: the potential imposition of tariffs on processed critical minerals and their derivatives if international agreements fail to materialize.　　Meanwhile, the permitting process for mining and processing on federal lands is being expedited.　　The geology and the partnerships　　One project getting particular attention is the Sheep Creek deposit in Montana. It boasts the

05-14Industry

Coinbase Becomes Hyperliquid’s Official USDC Treasury Deployer, Increases HYPE Position

Crypto exchange Coinbase has expanded its support for Hyperliquid, becoming the perp DEX‘s official USDC treasury deployer. The exchange has also acquired the rights to the DEX’s native stablecoin USDH, which it revealed will sunset over time.　　Coinbase Expands Support For Hyperliquid With USDC Treasury Role　　In an X post, the crypto exchange announced that it is now Hyperliquids official treasury deployer of USDC as an Aligned Quote Asset (AQA). “Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid – USDC delivers exactly that,” the exchange said.　　Coinbase noted that USDC has been the leading stablecoin on the crypto leverage trading platform since its launch in 2023 and has seen rapid growth within the ecosystem. This move is expected to further solidify the stablecoin‘s position as the platform’s primary collateral token.　　Coinbase also announced that they have “significantly” increased its staked HYPE position as part of this new partnership. The Hyperliquid token is up over 5% on the back of this announcement, trading at around $41, according to TradingView data.　　Source: TradingView; HYPE daily chart　　Meanwhile, COIN stock is down amid the announcement that Coinbase is becoming Hyperliquid‘s official USDC treasury deployer. TradingView data shows that Coinbase’s stock is

05-14Industry

Bank of England ready to scrap £20,000 stablecoin ownership cap after backlash

Tech　　Bank of England ready to scrap £20,000 stablecoin ownership cap after backlash　　The Bank of England is walking back some of its most restrictive stablecoin proposals after Deputy Governor for Financial Stability Sarah Breeden admitted the institution may have been too cautious.　　The reassessment comes amid mounting pressure from crypto firms that argue the UK risks falling behind other jurisdictions in digital asset innovation.　　Breeden told the Financial Times that the central bank is actively exploring alternatives to ownership caps and reserve requirements that the digital asset industry has called unworkable.　　The original proposal　　The plan, floated in late 2025, would have capped individual holdings of sterling-denominated stablecoins at £20,000 and business holdings at £10 million.　　The central bank also wanted issuers to park at least 40% of their backing assets at the BoE itself, earning zero interest. The remaining reserves could go into sovereign bonds and other liquid instruments.　　According to the BOEs own analysis, the £20,000 threshold would affect roughly 94% of consumers, allowing typical users to hold about 2.1 times their monthly income in stablecoins. On the business side, a £10M limit would severely constrain corporate treasury operations.　　Sterling stablecoins under 0.5% but regulators see big potential　　The global stablecoin market has reached approximately $318 billion,

05-14Industry

JPMorgan Loads Up on Bitcoin and Ethereum ETFs in Q1

The banks largest increase came through the iShares Bitcoin Trust (IBIT), where holdings surged 174% to 8.3 million shares. JPMorgan also sharply expanded positions in the Bitwise Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, and ProShares Bitcoin Strategy ETF. The bank additionally increased its exposure to Ethereum-linked ETFs, including the iShares Ethereum Trust.　　JPMorgan Grows Crypto ETF Exposure　　Chase expanded its exposure to crypto-linked exchange-traded funds (ETFs) during the first quarter of 2026, despite the . According to the banks latest , its largest increase came through the BlackRock spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), where holdings surged by approximately 174%.　　The bank raised its IBIT position from roughly 3 million shares in the of 2025 to around 8.3 million shares by the end of Q1 2026. Based on filing data, the increase represented approximately $162 million in added value, even though Bitcoin declined more than 22% during the quarter.　　The bank also sharply increased its stake in the Bitwise Bitcoin ETF (BITB), and boosted its holdings from 4,872 shares to 48,258 shares. This was an almost 900% increase and added roughly $1.51 million in reported value.　　Exposure to the Fidelity Wise Origin Bitcoin Fund (FBTC) also climbed from 3,996 shares to 22,196 shares,

05-14Ethereum

Nvidia rally continues on Thursday as Trump approves H200 buyers in China

Nvidia (NVDA) stock is the early winner of the United States (US) President Donald Trump‘s summit with China on Thursday. Shares of the AI chipmaker rose more than 2% in Thursday’s premarket. If the gains remain through the close, this will become NVDAs seventh consecutive day of gains.　　President Trump‘s Commerce Department approved ten Chinese firms to import Nvidia’s H200 AI chip, as well as a few other distributors in the Asian region.　　US Retail Sales for April fell from 1.6% MoM in March to 0.5% MoM, but that was in line with the consensus. The Dow Jones Industrial Average (DJIA) futures rose 0.9% in the premarket on Thursday, while the NASDAQ Composite futures declined 0.2%, and S&P 500 futures gained 0.3% on the news.　　Nvidia could boost China sales on Commerce Department clearance　　Nvidia has been looking to regain market share in China after several rounds of trade barriers were imposed by the Biden and then Trump administrations over the past several years. Before the curbs were imposed by Washington, Nvidia held a 95% share of Chinas AI chip market. But in the intervening years, a number of Chinese players have begun producing competitive chips.　　The H200 is a second-tier technology, building on the

05-14Industry

Hedera price forecast: HBAR risks 20% dive amid fresh selling

Tech　　Hedera price forecast: HBAR risks 20% dive amid fresh selling　　Hedera (HBAR) price faces new downside pressure as selling intensifies across the cryptocurrency market.　　The price has slipped nearly 1% over the past 24 hours to trade around $0.092, with daily trading volume dropping 13%.　　This decline below the psychological $0.10 mark pushes HBAR further from last weeks highs, even as altcoins mirror a broader risk asset downturn.　　As such, and despite growing enterprise adoption and network usage, short-term price action suggests further downside risks ahead.　　Could Hedera price fall another 20%？　　Cryptocurrencies are positioning for a potential sustained uptick, but macroeconomic headwinds and geopolitical tensions could trigger deeper corrections before any rebound materializes.　　HBAR appears poised to echo Bitcoins recent trajectory, where a retest of critical support levels often precedes recovery.　　Analysts warn of a possible 20% slip from current levels, targeting the $0.072 zone.　　This is a familiar floor where prices have bounced robustly in prior retests.　　Notably, the bearish scenario for HBAR stems from renewed selling pressure amid global uncertainties.　　Elevated US inflation readings have triggered fresh jitters among traders, with BTC slipping from recent highs.　　On-chain data reveals increased transfers to exchanges, signaling profit-taking by short-term holders.　　If selling persists, HBAR could test $0.075-$0.070 support, which could represent a

05-14Industry