Crypto Industry News & Market Trends

Indonesia Blocks Polymarket After Bets on Presidents Exit

Indonesia blocked access to Polymarket after the prediction market platform hosted wagers on whether President Prabowo Subianto would leave office before the end of his term.　　Indonesias Ministry of Communication and Digital Affairs (Komdigi) announced the block on Friday, describing Polymarket as an “online gambling site disguised as a prediction market.”　　“The government will not allow any form of online gambling in Indonesia,” ministry official Alexander Sabar said, adding: “Activities like Polymarket involve betting and speculation on uncertain outcomes, thus violating Indonesian law.”　　The move adds Indonesia to a growing list of jurisdictions treating prediction markets as gambling products, not merely forecasting tools, as platforms such as Polymarket and Kalshi face mounting legal scrutiny worldwide.　　Political bets trigger scrutiny　　The government action came days after Polymarket opened a wager tied to Prabowos presidency, allowing users to bet on whether the Indonesian leader would leave office early.　　One of the markets, which appeared on Polymarket on May 21, lets users bet on whether Prabowo would leave office before several future dates, including May 31, June 30 and Dec. 31, 2026, even though his five-year presidential term is set to run until October 2029.　　The market recorded more than $46,000 in trading volume, with traders pricing a 1% chance

05-26Industry

Dow Jones Price Prediction: Record High as Analysts Warn of Correction

The Dow Jones Industrial Average trades near 50,579.70 as of the latest close, up 294 points or 0.58%, after hitting a fresh all-time intraday high of 50,830.24 on May 22. The index also locked in a record closing high on the same day as U.S. equities continued pushing into new territory.　　As of May 25, U.S. markets remain closed for the Memorial Day holiday, with regular trading scheduled to resume on May 26 across the New York Stock Exchange and Nasdaq.　　The Dows strong performance places it alongside the S&P 500 and Nasdaq, both of which have recently posted repeated record highs. However, investors now weigh whether momentum can continue or whether a short-term correction may emerge after the extended rally.　　Market Drivers Behind The Rally　　The broader U.S. stock market continues to respond to a mix of macroeconomic and geopolitical factors. Investors track developments in the Middle East closely, particularly ongoing U.S.-Iran negotiations and their potential impact on global oil supply.　　Rising energy prices earlier this year pushed bond yields higher and briefly pressured equities. More recently, easing Treasury yields near 4.5% on the 10-year note helped improve sentiment and support risk appetite.　　At the same time, optimism around artificial intelligence and resilient corporate earnings

05-26Industry

Binance OpenAI perpetual launch in pre-IPO futures

Binance OpenAI perpetual trading is entering a new phase, with Binance adding an OpenAI-linked contract to its growing pre-IPO futures lineup. The exchange has listed its second Pre-IPO Perpetual Contract on Binance Futures, called the OPENAIUSDT Pre-IPO Perpetual, and the product is tied to the anticipated public market valuation of OpenAI Group PBC.　　That makes OpenAI the latest private-market name to move into a crypto-native trading format usually reserved for publicly traded assets. Just days earlier, Binance launched its first contract in the category, which was linked to SpaceX.　　The timing matters. Binance says its new pre-IPO perpetuals category generated more than $280 million in cumulative trading volume in its first five days. As a result, the exchange is seeing early evidence that traders want ways to price major private-company stories before any actual stock listing begins.　　Binance adds an OpenAI-linked Pre-IPO perpetual　　The new listing, OPENAIUSDT Pre-IPO Perpetual, is Binances second Pre-IPO Perpetual Contract on Binance Futures.　　At the center of the product is a simple idea: let eligible users trade around expected valuations of major private companies before a potential public debut. In this case, the Binance OpenAI perpetual is based on the anticipated public market valuation of OpenAI Group PBC, one of

05-26Industry

Bitmine Stock Analysis: Bears Hold Near Key Support

BMNR — daily chart with candlesticks, EMA20/EMA50 and volume.Bitmine Stock Daily Technical OutlookTrend and Momentum　　On May 22, BMNR closed at 18.88, below the 20/50/200‑day EMAs at 20.69, 21.51, and 26.39. The primary trend is down, so rallies face overhead supply. The daily RSI14 at 39.17 sits sub‑50, keeping momentum weak. Meanwhile, the MACD line at -0.66 remains below its signal at -0.30 with a -0.36 histogram, reinforcing downside control.　　Volatility and Key Levels　　The Bollinger center is 21.15 with the lower band near 18.27, and price hovers close to that edge. Therefore, the tape pressures the downside but nears short‑term stretch. ATR14 prints 1.22, elevated for this zone, so daily swings can accelerate. The daily pivot at 19.19 with R1 19.56 and S1 18.51 frames session risk. Notably, 19.19 is the first upside hurdle, while 18.51 marks the near‑term floor.　　Hourly Chart Setup for BMNR　　The 1H EMAs at 19.29 (20), 19.74 (50), and 20.89 (200) all sit above price, keeping intermediate pressure lower. The 1H RSI14 at 38.77 is subdued. However, the 1H MACD at -0.10 versus a -0.09 signal with a marginal -0.01 histogram is flattening, hinting at fading downside and room for mean reversion.　　The 1H Bollinger mid sits at 19.34 with

05-26Industry

Euro Stablecoin Showdown: Banks Pitch ‘Qivalis’ as ECB Pushes Back

Why the ECB Is Wary—and What the Pushback Targets　　The ECBs public stance has been consistent: stablecoins can exist, but they should not become systemic substitutes for central bank money in everyday payments. The Bank worries about three things:Monetary sovereignty and unit of account: If private euros dominate retail payments, monetary policy transmission could be blurred, especially if tokens migrate across borders and lightly supervised venues. See the ECBs digital euro materials for policy framing (ECB digital euro).Run and redemption dynamics: Stress can trigger sudden redemptions into central bank money. Without robust reserve and liquidity management, even euro-referencing tokens can transmit shocks to payment rails.Fragmentation risk: Multiple non-interoperable bank tokens could recreate the pre-SEPA patchwork—bad for competition and cross-border commerce.　　Hence the pushback. In speeches, blogs, and technical papers, ECB officials have argued that privately issued tokens used widely as a means of exchange must be strictly regulated (MiCA/e-money law) and closely supervised, with systemic variants subject to additional oversight at the EBA level. And when banks propose transferable tokens that behave like e-money, expect authorities to ask whether they should be brought squarely under the same rulebook.　　None of this means bank tokens are off-limits. It means designs must fit within Europes

05-26Industry

UNI Price Prediction: $4.20 Breakout Target as Whales Accumulate During Technical Reset

Market Context: DeFi Leader Tests Key Support　　UNI sits 25% below its 200-day moving average of $4.51, reflecting broader market skepticism toward decentralized exchange tokens. The token trades in a critical zone where deflationary tokenomics compete against technical deterioration and intensifying competition from newer DEX protocols.　　At current levels, UNI represents a test case for whether fundamental improvements can drive price recovery when technical momentum remains subdued. Blockchain.news analysis shows similar fundamental-technical divergences across major DeFi tokens, with UNI displaying the most pronounced disconnect between underlying protocol strength and price performance.　　Technical Picture Shows Stalled Momentum　　RSI at 44.35 hovers in neutral territory while MACD flatlines near zero, indicating complete momentum exhaustion rather than directional bias. UNIs position at just 16% between Bollinger Band extremes suggests consolidation rather than oversold conditions.　　The derivatives market reflects this stalemate with funding rates at -0.0075%, showing neither speculative excess nor panic selling. Volume at $19.7 million represents steady institutional flow without retail excitement, while daily ATR at $0.22 indicates compressed volatility that typically precedes larger moves.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full UNI price, calculator & analysis　　Open interest increased 3.99%, suggesting institutional preparation for directional movement. The

05-26Industry

Hackers Drain $3 Million From 86 Gnosis Safes in SquidRouterModule Exploit

Hackers stole approximately $3 million from 86 Gnosis Safes on SquidRouterModule.Only wallets that previously approved a vulnerable third-party module were targeted.Squids main router contracts and user funds were never affected by the exploit.　　According to reports from Blockaid, hackers have exploited a vulnerable third-party SquidRouterModule linked to the Squid ecosystem.　　In its latest post on X, the enterprise-grade Web3 security platform stated that the attackers drained approximately $3 million in about two hours from 86 Gnosis Safes before swapping the tokens to DAI via Uniswap V3 pools that they control.　　What Made the Exploit Possible？　　While providing further details on the attack, Blockaid noted that the attack was possible because the affected wallets had previously approved a vulnerable third-party module with broad transaction permissions. This allowed the attacker to pretend to be a trusted user while carrying out fake Uniswap V3 swaps without needing direct approval from wallet owners.　　In a thread on X, Blockaid explained that the attackers funded their wallet with 2.1 ETH through Tornado Cash before launching the attack, after which they executed automated attacks on both the Ethereum and Base networks. The Hacker‘s next move was to remove liquidity from the pools, converting the stolen assets into around 3.07 DAI, which

05-26Industry

First Good Buy Signal on XRP Since March Flashes: Santiment Intelligence

As social sentiment around the asset collapses back into what analysts refer to as a historical buy zone, XRP may be nearing a reversal point that can bring volatility back to the top-tier asset.　　XRPs price directions　　The ratio of positive to negative commentary has dropped to just 1.1 bullish comments for every 1 bearish comment, according to new Santiment intelligence, indicating that XRPs crowd sentiment has sharply declined once more. That degree of pessimism has historically often served as a contrarian signal for XRPs price movement.　　The signals logic is quite straightforward. Many weak hands have already exited positions when traders on social media become overly fearful. This lessens the immediate selling pressure and can create circumstances in which even slight buying demand leads to stabilization or significant increases.　　Ripples Schwartz Reacts to Passing of Ondo Finance Founder　　Shiba Inu (SHIB), XRP, Hyperliquid (HYPE) and Bitcoin (BTC) Price Analysis for May 26: Risk Brings Profits　　XRP/USDT Chart by TradingView　　Santiments sentiment chart makes this trend very evident. Prior declines into the so-called FUD zone were often followed by local bottoms or, at least, brief periods of recovery. Since March, when XRP finally recovered from a protracted sell-off period, this reading represents the first significant return to

05-26Industry

Snowflake (SNOW) Earnings Preview: What Investors Need to Know Before Wednesday’s Report

The enterprise data management specialist will unveil its fiscal first quarter 2027 performance after trading concludes on May 27. The Street anticipates revenues around $1.32 billion, translating to roughly 27% annual expansion.　　This projection edges out the 25.7% revenue acceleration Snowflake delivered during the comparable period twelve months earlier.　　Per-share earnings are forecast at $0.32, representing a 33.3% improvement versus the prior-year quarter.　　During the previous reporting period, the company exceeded expectations with $1.28 billion in revenue, marking 30.1% yearly growth. Snowflake also surpassed projections for billings and EBITDA while onboarding 45 additional enterprise clients spending above $1 million per year. This premium customer segment now totals 733.　　Despite recent operational strength, the stock has declined approximately 22% since January. Investor concerns center on margin compression from substantial AI infrastructure spending and uncertainty about how autonomous AI agents might disrupt conventional enterprise software models.　　Recent weeks have witnessed a recovery, however, with shares advancing 19.3% over the trailing 30-day period.　　Wall Street Analyst Perspectives　　TD Cowen analyst Derrick Wood maintained his Buy recommendation alongside a $255 valuation target. His channel checks with ecosystem partners indicate robust quarterly performance, fueled by core data warehouse workloads, competitive customer wins, and accelerating artificial intelligence implementation.　　Wood is particularly focused on developments

05-26Industry

8Blocks Partners with CertiK to Bring Economic and Security Readiness to Token Launches

Before a token reaches investors, exchanges, and users, the project must prove both the strength of its economic model and the reliability of its infrastructure. The model includes utility, incentives, demand logic, circulation, and connection to the product. The infrastructure includes smart contract security, protocol behavior, monitoring, and exposure to vulnerabilities after deployment.　　8Blocks and CertiK bring these areas into one preparation track, helping teams reduce structural and security risks before they become public problems.　　Why this matters before TGE　　A token generation event turns internal assumptions into public tests. If the model is weak, user growth can become sell pressure. If the smart contract carries unresolved vulnerabilities, trust can break before the project has time to scale.　　Both areas need validation before listing conversations begin. CertiK strengthens the security foundation through audits, assessments, monitoring, risk evaluation, and transparency tools. 8Blocks prepares the tokens economic logic through token economy design, tokenomics validation, go-to-market advisory, ecosystem partnerships, and growth preparation. Security and economic design solve different risks. A project preparing for TGE needs both.　　From development to public readiness　　Many projects treat tokenomics, smart contract auditing, and launch preparation as separate steps. That separation creates blind spots.　　A token can have clean code and still fail because the

05-26Industry

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