Crypto Industry News & Market Trends

Ethereum Price Today: Standard Chartered Forecasts ETH to Hit $4,000

for the first time since March 29 as renewed U.S.-Iran hostilities triggered a broad crypto sell-off and pushed traders into defensive positions.　　ETH traded near $1,980 at press time, down about 4% to 5% over the past 24 hours. The decline came as the wider crypto market lost about $80 billion in value following fresh and Iranian retaliation, ending hopes that a temporary ceasefire would hold.　　The sell-off also followed continued outflows from U.S. spot Ethereum ETFs and a wave of market liquidations across crypto assets. Bitcoin also dropped to multi-week lows as investors reacted to renewed pressure around the Strait of Hormuz and rising geopolitical risk.　　ETH Falls Below Key Psychological Level　　Ethereums move below $2,000 has drawn attention because the level has acted as an important psychological marker for traders. Market data showed retail discussion quickly shifting toward “buy the dip” reactions after the drop.　　Santiment data suggested that many traders are still treating the decline as a buying opportunity rather than a panic event. Historically, when retail traders remain optimistic during a sharp decline, prices can sometimes face further pressure before stabilizing.　　Source:　　The current move follows a rejection from the $2,400 resistance zone. ETH failed to hold the $2,135 to $2,195 range and

05-28Industry

US: Initial Jobless Claims rose to 215K last week

According to a report from the US Department of Labor (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 215K for the week ending May 23. The latest print came in above initial estimates and was higher than the previous weeks 210K (revised from 209K).　　Additionally, the four-week moving average went up by 6.25K, bringing it to 209K from the revised average of the previous week (202.75K).　　The report also indicated that Continuing Jobless Claims increased by 15K to 1.786M for the week ending May 16.　　Market reaction　　The Greenback trades with marginal gains amid steady uncertainty in the geopolitical landscape, with the US Dollar Index (DXY) navigating the 99.20 area in a context of widespread lack of direction in the risk complex.　　Employment FAQs　　Labor market conditions are a key element to assess the health of an economy and thus a key driver for currency valuation. High employment, or low unemployment, has positive implications for consumer spending and thus economic growth, boosting the value of the local currency. Moreover, a very tight labor market – a situation in which there is a shortage of workers to fill open positions – can also have implications on inflation levels

05-28Industry

Will Solana price lose $80 support as bearish double top threatens breakdown?

Open interest across Solana perpetual futures has also declined during the latest correction, suggesting traders are closing leveraged long exposure rather than adding fresh bullish positions. Funding rates across major exchanges have turned increasingly negative, a sign that short sellers continue paying premiums to maintain bearish bets.　　Crypto trading group AltCryptoGems warned that Solanas structure has deteriorated significantly after repeated rejections near the $98 level.　　“SOL looks very weak. After the rejection at $98, price has started to downtrend lower and lower. Key levels have flipped into resistance, especially $88,” the analysts noted on X.　　The trader added that a move toward the $76 support region could follow if sellers maintain control of the current consolidation range.　　Solana charts show bearish double top and key support breakdown　　The daily chart shows Solana forming a bearish double top pattern after failing twice near the $98 resistance area in March and May. The structure developed just below the 0.786 Fibonacci retracement level at $93.7, while repeated rejections from that zone weakened bullish momentum across the broader recovery trend.　　Solana price has formed a double top pattern on the daily chart — May 28 | Source: crypto.news　　A breakdown below the neckline support near $81 now places the measured downside

05-28Industry

Czech Koruna: Narrowing rate gap weighs on koruna versus Euro – ING

INGs Frantisek Taborsky highlights that a less hawkish Central and Eastern European rates outlook is undermining Koruna strength. Markets have scaled back expected hikes in Poland and the Czech Republic, while Hungary is priced for sizeable cuts. He expects inflation divergence and a tighter rate differential versus the Euro and Zloty, leaving EUR/CZK biased higher after touching 24.25.　　CEE repricing pressures koruna　　“Markets in the CEE region have seen some relief in the last two days, along with global markets, with investors backing off from pricing roughly four hikes in Poland and the Czech Republic to roughly two to three hikes over a one-year horizon now.”　　“At the same time, Hungary has deepened its pricing of rate cuts after Tuesdays dovish National Bank of Hungary meeting, and at this point, nearly 115bp of rate cuts are expected over the same horizon.”　　“From this perspective, Friday‘s inflation in Poland will be interesting, where we have seen the biggest jump in CEE so far. May’s numbers should move us to 3.7% year-on-year, the highest since June last year and above the National Bank of Polands tolerance band.”　　“For now, our economists do not expect a rate hike this year, but from a CEE perspective, the NBP seems

05-28Industry

Fidelity Q1 2026 report: Balances drop 4% as rates near record

Amid early-2026 market turmoil, the Fidelity q1 2026 report reveals falling retirement balances but also surprisingly resilient saving behavior.　　Fidelity Q1 2026 report: balances drop as markets whipsaw　　The Fidelity Q1 2026 retirement report shows that average account balances fell notably in the first quarter.　　According to the data, the average 401(k) balance declined 4% to $141,000, while the average IRA balance also slipped 4% to $131,380. These declines came as markets faced sharp volatility and a brief but intense risk-off period.　　Fidelity directly links this pullback to geopolitical shocks. On February 28, U.S. and Israeli forces attacked Iran, an escalation that triggered a pronounced equity selloff. Consequently, major U.S. indices posted meaningful losses in March, before later rebounding.　　In particular, Fidelity notes that the S&P 500 fell 5.1% in March, the Dow dropped 5.4%, and the Nasdaq lost 4.8%. Because retirement accounts are heavily invested in equities, these moves translated quickly into lower quarter-end balances for millions of savers.　　Market stress and the rising use of 401(k) loans　　Beyond portfolio values, the Fidelity q1 2026 report points to growing evidence that some households are turning to retirement accounts for liquidity.　　The share of workers with an outstanding 401(k) loan rose to 19.2% by the end of Q1

05-28Industry

Under $0.0025 Today, This Token Could Explode 5,000% Before Solana (SOL) Touches $200 Again

Momentum Builds as the Presale Ceiling Approaches　　With the presale now approaching its $28.77 million target, the final stretch is beginning to create additional pressure around current pricing levels.　　The remaining allocation continues shrinking rapidly, and Stage 13 is already nearing completion. As a result, many buyers are entering before the next stage of increased activity.　　The roadmap also continues adding fuel to the broader narrative. Planned listings on leading centralized exchanges alongside Uniswap are expected after the presale completes, while discussions about future collaborations continue circulating throughout the community.　　Social engagement has mirrored that momentum. Community discussions increasingly reference long-term ambitions such as a potential $1 billion market capitalization and eventual placement inside CoinMarketCaps top 100 rankings.　　The Ecosystem Extends Beyond Typical Meme Coin Structure　　At first glance, Little Pepe appears to be a meme coin. Underneath that branding, however, the project is structured more like a blockchain ecosystem attempting to solve practical trading limitations.　　The network focuses on faster transactions, lower costs, zero-tax trading, staking systems, NFT integration, and anti-bot launch protections. Those mechanics are becoming increasingly relevant as traders begin searching for meme ecosystems capable of holding user attention beyond the initial hype cycle. The timing may also be helping.　　Beyond pricing structure and infrastructure,

05-28Industry

Crypto Giants Hit Pause: Grayscale Joins IPO Delay Wave

Grayscale Investments, the worlds largest crypto asset manager, has delayed its long-awaited IPO amid cooling market enthusiasm, following peers like Kraken and Consensys. 　　This shift highlights tightening conditions for crypto listings in 2026 despite earlier optimism.　　Grayscale Delays IPO As Market Momentum Fades　　Grayscale confidentially filed its S-1 in July 2025 and publicly disclosed it in November, targeting a NYSE listing under ticker GRAY.　　The filing revealed $318.7 million in revenue for the first nine months of 2025, down 20% year-over-year, with net income at $203.3 million.　　Assets under management stood around $35 billion, driven by flagship products like GBTC and ETHE.　　Yet as of late May 2026, no IPO has launched. The company is holding off due to softer investor demand, Bitcoin volatility, and reduced trading volumes that pressure fee-based revenues.　　JUST IN: GRAYSCALE JUST PAUSED ITS IPO PLANS　　The firm behind the $GBTC Bitcoin Trust is one of the largest crypto asset managers in the world, and it filed confidentially to go public back in November.　　Kraken paused preparations in March 2026 after a November 2025 confidential filing, pushing potential listing to late 2026 or 2027. The exchange cited weak market conditions despite targeting a multibillion-dollar valuation.　　Consensys delayed its plans to at least fall 2026, while

05-28Industry

Digital Credit Cannot Be Replicated With Bitcoin And Treasuries

Recently Onramp published a paper highlighting some issues of Digital Credit. There were some errors and the paper was clearly AI-generated in most places. My favorite error actually had little to do with Digital Credit, and it appeared in the preface of the report (imagine you havent even started reading the actual paper and you already see a factual error, this is the level of AI we are dealing with).　　Onramp writes on Page 3: “Strategy has released AI-generated advertising featuring a young, attractive model in a tropical setting”　　But a quick viewing of the 30-second ad they are referencing shows that the woman worked “hard as an engineer”, not a model. This is literally 10 seconds into the ad, which is about the same amount of time it took me to spot the error in Onramps preface.　　I just thought this anecdote was funny. Onto my main point.　　Their core argument was that Digital Credit could be better replicated by combining U.S. treasury securities with BTC. (This is what Onramp calls “the simpler trade” but I also fail to see how this is simpler considering that buying digital credit involves just one single ticker while “the simpler trade” involves a dynamic re-laddering of

05-28Industry

Prediction Market Myriad Launches $100K World Cup Competition

Prediction market Myriad has launched a $100,000 trading competition for the 2026 FIFA World Cup.The prize pool awards $20,000, $10,000, and $5,000 to the top three traders, with $10,000 split among the remaining leaderboard and $5,000 in weekly rewards for top makers.The contest builds on Myriads partnerships with Chainlink for oracle-based market resolution and 55 Tech for real-time sports data.　　With the soccer World Cup set to kick off next month, prediction market Myriad is launching a trading competition in collaboration with Layer-1 blockchain D.Energy, with $100,000 up for grabs.　　“Were thrilled to be running this contest during the World Cup,” said Myriad Co-Founder and President Farokh Sarmad. “With billions of viewers tuning in to the tournament from around the world, this is a great opportunity to showcase how prediction markets work around sports tournaments on a global stage.”　　With over 75 multi-binary markets at launch, the FIFA World Cup 2026 Prediction Contest enables Myriad users to make predictions on every single match in the competition. A prize pool of $100,000 is on offer for top traders and makers.　　The top three traders receive $20,000, $10,000 and $5,000 respectively, with the remaining $10,000 split among the rest of the leaderboard, which runs to the

05-28Industry

Michael Burry warns Wall Street ‘it feels like’ dot-com bubble peak

Nasdaq and S&P 500 performance in the dot-com bubble.　　Burry has listed several fundamental reasons why Wall Street investors should remain cautious of a potential dot-com-like peak. For instance, the Nasdaq rose 84% during its dot-com peak and is up 31% over the past 12 months. Additionally, he noted that the tech sector accounted for 33% of the S&P 500 at the dot-com bubble, compared with 32% today.　　Meanwhile, the Cyclically Adjusted Price-to-Earnings (CAPE) ratio, which measures how expensive the stock market is relative to corporate earnings, hit 40x at the dot-com peak, and it is at 40x again in 2026. Burry highlighted that margin debt was at record highs before the dot-com crash and is at record highs now.　　During the dot-com bubble, Hedge funds held 31% of their portfolios, and in 2026, 33% was concentrated entirely in a handful of big tech names. Furthermore, he noted that upcoming Initial public offerings (IPOs) from Space Exploration Technologies Corp., Anthropic PBC, and Open Artificial Intelligence Inc. could collectively raise as much as, or more than, the combined proceeds of the roughly 300 internet and technology, media, and telecommunications IPOs of 2000.

05-28Industry

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