Crypto Industry News & Market Trends

Top Cryptos Struggle as Hyperliquid (HYPE) Only One Pushing Higher

With double-digit gains, Hyperliquids native token HYPE emerges as the clear winner among the largest assets in the cryptocurrency market, while Bitcoin, Ethereum, Solana, and XRP struggle to maintain their momentum. HYPE is the only asset in the top five cryptocurrencies by futures open interest to see significant growth, according to the most recent market data, which shows that it has increased by more than 11% in the past day.　　Big players are out of it　　While overall market activity remained relatively low during that time, Ethereum gained slightly more than 1%, and Bitcoin gained less than 1%.　　HYPE/USDT Chart by TradingView　　Even more notable is the fact that HYPEs performance took place despite a notable decline in the overall volume of derivatives in the cryptocurrency market. The trading volume for Bitcoin, Ethereum, Solana, and XRP dropped by 25% to 30% during the day. In contrast, Hyperliquid experienced a nearly 14% increase in volume and an incredible 15% increase in open interest.　　Is Saylor Selling？ Strategy Moves $30 Million in Bitcoin　　Ripples Schwartz Mocks Audacious $286 Billion Bitcoin Lawsuit　　The divergence shows that traders are continuing to rotate capital into the Hyperliquid ecosystem despite a decline in participation elsewhere.　　You Might Also Like　　From a technical perspective, HYPE remains

05-29Industry

Micron Stock Analysis: 3 Key Levels as MU Stalls Below 950

MU — daily chart with candlesticks, EMA20/EMA50 and volume.Daily Technical Outlook for Micron StockTrend and Momentum　　On the daily timeframe, MU closed at 923.52 after a 904.78–949.49 range. EMAs are stacked and rising: EMA20 735.53, EMA50 603.02, and EMA200 382.42. Therefore, the primary trend is decisively higher and extended above medium‑ and long‑term averages.　　RSI14 sits at 75.68. Momentum is hot and overbought, which raises near‑term pullback risk without breaking the trend. Meanwhile, MACD prints 94.76 versus a 81.31 signal with a 13.45 histogram, keeping upside momentum positive and the bull case intact.　　Bands, Volatility, and Pivots　　Bollinger Bands show a mid at 728.77, an upper at 950.46, and a lower at 507.08, with price settling just beneath the upper band. However, the advance is stretched toward resistance, making follow‑through tougher without fresh fuel.　　ATR14 is 67.98, indicating wide daily swings. Daily pivots sit at PP 925.93, R1 947.08, and S1 902.37, with price a touch below the pivot. Therefore, resistance is tight into 947 while first meaningful support tracks around 902.　　Intraday Context: 1‑Hour Chart for MU　　On the 1‑hour chart, the regime stays bullish but the thrust is fading. Price closed at 923.52, above EMA20 900.57, EMA50 838.18, and EMA200 682.02. Interpretation: the intraday trend

05-29Industry

USDT & USDC Dominance: Benefits and Risks

Censorship, compliance, and address blacklists　　Sanctions and law-enforcement requests shape how fiat-backed stablecoins operate. Both USDT and USDC have mechanisms to freeze balances at designated addresses. This is part of how issuers maintain banking relationships and comply with regulations.　　For context on how sanctions regimes interact with crypto, review official sources such as the U.S. Treasurys announcement on sanctioning Tornado Cash-related entities (press release). Issuers publish policies and past actions; Circle, for example, communicates compliance decisions and blacklisting events through its site and blog, while Tether provides updates on law-enforcement collaborations and freezes on its transparency and news pages.　　Operational takeawaysSegregate wallets by counterparty risk and business line to limit contagion from a freeze.Verify whether your custodian supports rapid address rotation if a wallet is flagged.For sensitive use cases, consider reducing reliance on assets with centralized freeze features—balancing that against liquidity needs.　　Cross-chain realities: chains, bridges, and wrappers　　USDT and USDC are native on multiple chains, but not everywhere. When a stablecoin isnt native, wrapped versions fill the gap. That convenience comes with added trust assumptions.　　Bridge risk is additive　　A wrapped stablecoin inherits issuer risk plus bridge risk. Exploits, validator failures, or governance issues at the bridge can cause a wrapper to diverge from parity with

05-29Industry

No CBDC Under Trump: Treasury Secretary Scott Bessent

Treasury Secretary Scott Bessent said the Trump administration will not allow a US CBDC.The House-backed CBDC ban expires in Dec 2030, raising concerns among Republicans.Bessent also asked Congress to pass the CLARITY Act to establish clear crypto rules.　　US Treasury Secretary Scott Bessent said the Trump administration will not allow a central bank digital currency in the United States, repeating the White House position during a press briefing on Thursday.　　According to Journalist Eleanor Terrett, Bessent said a CBDC was “off the table” and framed it as a possible tool for financial tracking and surveillance.　　Instead, he said the administration wants digital asset businesses, stablecoin issuers, and crypto trading activity operating inside the US regulatory system instead of offshore markets.　　CBDC Ban Faces a 2030 Deadline　　While the administration continues to oppose a Federal Reserve-issued digital dollar, the current legislative setup is not permanent.　　The House-passed ROAD to Housing Act includes a temporary ban on a Fed-issued CBDC, but that restriction expires in December 2030. Some Republican lawmakers have warned that the expiration could reopen the door for the Federal Reserve to revisit a digital dollar program later in the decade.　　Former Fed Governor and current Fed Chair Kevin Warsh has also stated he would block movement

05-29Industry

How Low Can XRP Price go After Falling Below $1.30?

XRP (XRP) price dropped to $1.26 on Thursday, its lowest in over 16 weeks. A bearish technical setup suggested that the pressure may extend into June.　　Key takeaways:XRPs bear pennant pattern breakdown on the weekly chart targets $0.63.XRP social sentiment hit a three-week low, while Net Unrealized Profit/Loss data shows rising fear and investors underwater.　　XRP price bear pennant breakdown underway　　XRP has been displaying several bottoming signals, including a falling MVRV ratio and rising XRP Ledger activity, which suggested that the price was .　　The latest drop, however, has seen the XRP/USD pair drop below this zone to enter the breakdown phase of its bear pennant setup, as shown on the weekly chart below.　　XRP has dropped below the pennants lower trendline at $1.35, opening the way for a deeper move toward the measured target of the prevailing chart pattern at $0.63, a 50% drop from the current price.　　XRP became “structurally bearish” with the latest breakdown below $1.30, analyst Egrag Crypto in a Thursday post on X, adding:　　“The bearish targets are $1.27, $1.1 and a possible capitulation wick toward $0.88.”　　Technical analyst ChartNerd that after breaching the support line at $1.30, the path is now clear for a drop toward $1 “sooner rather than later.”　　As

05-29Industry

Micron Stock Analysis: 3 Key Levels as MU Stalls Below 950

MU — daily chart with candlesticks, EMA20/EMA50 and volume.Daily Technical Outlook for Micron StockTrend and Momentum　　On the daily timeframe, MU closed at 923.52 after a 904.78–949.49 range. EMAs are stacked and rising: EMA20 735.53, EMA50 603.02, and EMA200 382.42. Therefore, the primary trend is decisively higher and extended above medium‑ and long‑term averages.　　RSI14 sits at 75.68. Momentum is hot and overbought, which raises near‑term pullback risk without breaking the trend. Meanwhile, MACD prints 94.76 versus a 81.31 signal with a 13.45 histogram, keeping upside momentum positive and the bull case intact.　　Bands, Volatility, and Pivots　　Bollinger Bands show a mid at 728.77, an upper at 950.46, and a lower at 507.08, with price settling just beneath the upper band. However, the advance is stretched toward resistance, making follow‑through tougher without fresh fuel.　　ATR14 is 67.98, indicating wide daily swings. Daily pivots sit at PP 925.93, R1 947.08, and S1 902.37, with price a touch below the pivot. Therefore, resistance is tight into 947 while first meaningful support tracks around 902.　　Intraday Context: 1‑Hour Chart for MU　　On the 1‑hour chart, the regime stays bullish but the thrust is fading. Price closed at 923.52, above EMA20 900.57, EMA50 838.18, and EMA200 682.02. Interpretation: the intraday trend

05-29Industry

Bitcoin whale expands long position to $94M, but BTC remains bearish

Bitcoin　　Bitcoin whale expands long position to $94M, but BTC remains bearish　　With the market on its back foot, investors, especially whales on the derivatives, were forced to reposition themselves.　　Garret Jin adds Bitcoin long to $94 millionSource: CoinGlassBitcoin derivatives remain bearishSource: CryptoQuant　　Source: CryptoQuantIs $70k support at risk？　　Bitcoins downside momentum strengthened further, largely due to the long squeeze over the past day. In fact, the negative index (-DI) jumped to a monthly high of 29.　　At the same time, its positive index dropped to 12 while the ADX sat around 14. With ADX and -DI above +DI, this suggests the downtrend is extremely strong.　　Source: TradingView　　Historically, when this momentum indicator is set this way, it has signaled a higher likelihood of trend continuation. Therefore, if the pressure holds and Futures whales show risk-off sentiment, Bitcoin could drop to $70,500.　　However, if the market cools down and excessive leverage is flushed out, BTC could see a healthy reset. In doing so, the market could rebound above $75k, setting a path for a clear recovery.

05-29Industry

Strategy Moves $30 Million in BTC to Coinbase Amid Sell Speculation

The timing of the deposit raised eyebrows given recent hints that Strategy could consider selling some of its Bitcoin.　　On May 29, the worlds largest corporate holder of Bitcoin Strategy transferred 411.48 BTC, worth over $30 million, to Coinbase Prime, a move that immediately drew attention across the crypto community as traders tried to read the intent from the on-chain activity.　　The timing was especially hard to ignore considering that on Polymarket, the probability that Strategy will sell some of its Bitcoin before December 31, 2026 has now hit 84%.　　What the Transfer Could Mean　　Depositing BTC to an exchange does not automatically mean that the holder is looking to sell. This was noted by pseudonymous crypto analyst COINBOY, who pointed out that funds moved to Coinbase Prime could be for OTC trading, collateral arrangement, or institutional fund management rather than outright liquidation. Keep that distinction in mind before reading too much into a single on-chain transaction.　　However, what gave Strategy‘s move more weight is the context around it, with the company’s Executive Chairman Michael Saylor recently declining to rule out selling some BTC before year-end, a notable departure from the hold-at-all-cost image hes spent years building.　　That change in mindset was revealed period. During the

05-29Industry

Texas Names Bitcoin Reserve Advisory Committee As State Eyes Direct Bitcoin Custody

Bitcoin　　Texas Names Bitcoin Reserve Advisory Committee As State Eyes Direct Bitcoin Custody　　Acting Texas Comptroller Kelly Hancock on Thursday announced the members of the Texas Strategic Bitcoin Reserve Advisory Committee, a newly created body tasked with guiding the states management, custody, and valuation of bitcoin holdings.　　The committee was established under Senate Bill 21, passed by the 89th Texas Legislature and signed into law on June 22, 2025 — making Texas one of the most prominent states in the nation to move forward with an operational bitcoin reserve.　　“The Legislature gave the Comptrollers office a clear responsibility to administer the Texas Strategic Bitcoin Reserve, and that work must be done with transparency, security and strong financial controls,” Hancock said in a statement Thursday. “This advisory committee brings together the kind of expertise needed to help the state carry out that direction carefully, responsibly and in the best interest of Texas taxpayers.”　　JUST IN: ???????? Texas announces the creation of the “Texas Strategic Bitcoin Reserve Advisory Committee.”　　Texas is now also looking for a qualified firm to custody their BTC for when they buy more ???? pic.twitter.com/fbkps1IS6T　　— Bitcoin Magazine (@BitcoinMagazine) May 29, 2026　　The five-member committee — which includes Hancock himself — draws on a broad range

05-29Industry

Solana price must hold $80 support to fuel next leg higher: analyst

While the token remains well below the 0.236 Fibonacci retracement level near $111 and the weekly Supertrend resistance around $121, the $79-$80 support area has continued to attract buyers during repeated selloffs.　　According to analysts at More Crypto Online, Solana could decline toward $62 if it fails to hold the key $72–$78 support zone. Conversely, a rebound above the May 12 high near $98 could pave the way for a move toward the $110 level.　　Institutional sentiment toward Solana has remained mixed. Reports that Goldman Sachs liquidated its Solana ETF exposure earlier this year removed a notable source of institutional demand, while several asset managers continue pursuing crypto-related investment products tied to major layer-1 networks.　　Traders have increasingly focused on whether fresh institutional participation emerges if market conditions stabilize during the second half of the year.　　What technical risks could invalidate the bullish thesis？　　The daily chart presents a more cautious picture. Solana price recently formed a bearish double-top pattern after failing twice near the $98 resistance area, first in March and again in May. The structure developed as momentum weakened across the recovery rally and sellers repeatedly defended the same overhead resistance zone.　　Solana price has formed a double top pattern on the daily chart

05-29Industry