Latest Crypto News & Market Updates

Chainlink Price Analysis: LINK Forms Double Bottom as Buyers Return

Chainlink is showing early signs of recovery after holding above recent support near the $9 area.　　BraveNewCoin data placed LINK at $9.19, up 1.34% over 24 hours, while the token traded between $8.93 and $9.29 during the session.　　Notably, the short-term rebound comes as Crypto With Gopal flags a double bottom pattern on the weekly chart. The analyst said the structure could show fading selling pressure if LINK continues holding the same support region.　　LINK Holds Above Key Support　　Chainlink‘s daily data shows buyers returning after the token tested lower levels during the previous session. Marketdata placed LINK’s market cap at $6.69 billion, with 24-hour volume near $286.14 million and available supply at 727.10 million LINK.　　The price remains far below its all-time high of $52.70, reached on May 10, 2021. LINK is still down 82.55% from that peak, which keeps the broader recovery incomplete.　　However, the current chart shows a steadier tone compared with the sharp weakness seen earlier in the week. Price moved from the $8.93 low toward the $9.20 area, suggesting that buyers defended the lower end of the 24-hour range.　　Weekly Double Bottom Gains Attention　　Crypto With Gopal said Chainlink is developing a double bottom on the weekly timeframe. The chart shows two major

05-31Industry

Why Audiera [BEAT] is THE token to watch out for this weekend

The cryptocurrency market suffered a significant capital exit over three days between the 26th and the 28th of May, with roughly $169 billion leaving the market.　　Relative stability has since returned with minor inflows stepping back in, and select altcoins are positioned to benefit from this shift—BEAT being one of them.　　In the past day, Audiera [BEAT] has extended its gains slightly into double-digit territory, reaching 10%, continuing a bullish trajectory that has seen the token accelerate 404% over the past 90 days.　　Cup and handle forms within a broader bull flag 　　The technical structure for BEAT shows a combination of patterns hinting at a significant move in the coming days. The asset has formed a cup and handle pattern, characterized by price trending downward in a double-hollow fashion that resembles a cup and handle.　　This formation has preceded a rally and breakout to the upside on multiple occasions. For the breakout to materialize, price would need to overcome the diagonal resistance lines that have formed on the chart to confirm an upward continuation.　　Source: TradingView　　Viewed on a broader scale, the cup and handle pattern appears to be forming within an overall bull flag—a structure that involves an expansive rally followed by a consolidation phase

05-31Industry

GELT: A Test Case for Private Currency Issuance

How does Georgias regulatory framing help or hurt？　　According to coverage of the May 25 announcement, Georgia has aimed to make its stablecoin rules compatible with emerging U.S. approaches, specifically citing alignment alongside the GENIUS Act (CryptoSlate). That signaling can reassure global venues that list fiat tokens and payment firms that need clear liability rails.　　Alignment doesnt remove the need for local specificity. Market participants will still want to see the formal issuance license (if any), how e-money and payments law map to on-chain activity, tax treatment for businesses settling in GELT, and the complaint-resolution venue for consumers. If Georgia publishes granular guidance and supervisory expectations, it could help GELT cross the chasm from crypto-native users to mainstream commerce.　　The public–private balance also matters politically. If GELT scales rapidly, authorities may clarify whether it complements or competes with a future digital lari CBDC. Clear boundaries reduce policy risk for banks, PSPs, and fintechs deciding whether to integrate.　　Is GELT worth integrating for businesses in 2026？　　It depends on your flows. Merchants and PSPs with meaningful GEL exposure—tourism, hospitality, gig platforms, IT services—stand to benefit early if GELT launches with reliable on/off-ramps and merchant tools. Conversely, exporters paid in USD/EUR may find limited benefit beyond speculative

05-31Industry

Sui Network (SUI) Faces Second Day of Outages After Upgrade

The Sui blockchain, a Layer-1 network developed by Mysten Labs, encountered its second outage in as many days on Friday, May 29, 2026. According to the networks status dashboard, block production halted for over three and a half hours before being restored. The disruption followed an earlier six-hour outage on May 28 due to a bug introduced in the 1.72 software upgrade.　　The Sui team attributed the outages to issues with the new release, which introduced changes to address balances and gas charging logic. “Yesterdays implemented fix was an interim measure designed to restore functionality to the network,” the team explained, adding that a more comprehensive fix has since been deployed by most validators. Despite assurances, this marks the second major technical failure for Sui in 2026, raising questions about its network resilience.　　Market Impact and Concerns　　The outages have put pressure on SUI, the networks native token. As of May 29, SUI was trading at $0.9108, down 3.27% over the past 24 hours. The token has a circulating supply of 3.95 billion, giving it a market capitalization of $3.61 billion. While the price impact has been moderate, the repeated disruptions could weigh on investor sentiment, particularly as institutional interest in Sui grows.　　Notably,

05-31Industry

DYDXs next target - Heres why channel resistance is the final test for traders!

dYdX [DYDX], the native token of the decentralized trading platform, has landed among the top gaining assets in the market.　　In fact, on-chain metrics including trading fees and total value locked have remained largely unchanged according to DefiLlama data, with sentiment staying flat.　　The main growth has been driven by off-chain activity. However, at press time, chart analysis revealed that the rally now faces a credible risk of a near-term pullback at a key technical level.　　DYDX hits channel resistance　　The channel consists of two parallel upward-trending lines serving as support and resistance respectively, with price oscillating between them in an upward range.　　Source: TradingView　　At press time, DYDX had hit the upper resistance line of this channel, meaning the sell pressure that typically builds at this level could force the asset lower towards the channel support if it holds.　　The momentum picture, however, has been constructive.　　DYDX overcame a key structural supply zone that previously acted as a major obstacle to price growth. Clearing this level adds weight to the case for a breakout above the channel resistance, rather than a rejection from it.　　A/D reaches 40.8 million as MA Ribbon prints a bullish crossover　　Market indicators seemed to be supporting the probability of a breakout to the upside,

05-31Industry

Gravity Bridge halted after $5.4M drain hits Ethereum-Cosmos link

Gravity Bridge has lost about $5.4 million following an early Saturday drain that security researchers linked to a possible signing key compromise.Gravity Bridge lost about $5.4 million after security researchers flagged unusual withdrawals tied to a possible signing-key compromise.PeckShield said the stolen assets included USDC, wrapped ether, USDT, and PAXG, with some funds moved through ChangeNow and Binance.The Gravity team halted the bridge and asked validators and orchestrators to stop while it investigates the incident.　　On-chain analyst Specter first flagged the unusual withdrawals, saying the pattern suggested that the bridges signing keys may have been compromised rather than its smart contract code. Security firm PeckShield later posted a similar assessment and shared a breakdown of the stolen assets.　　Gravity Bridge halts operations after fund drain　　According to PeckShield, the stolen assets included about $4.3 million in USDC, 274 wrapped ether valued at around $553,000, $434,000 in USDT, and 14.16 PAXG worth around $64,000. The firm said the funds moved to a wallet ending in 7C62da1F9.　　Specter identified the affected Gravity Bridge contract as an address ending in 1F2D906. The analyst said the transaction pattern appeared consistent with unauthorized withdrawals approved through compromised authorization rather than a direct exploit of contract logic.　　It appears the @gravity_bridge

05-31Ethereum

Why is Stellars XLM up by Over 50% This Week?

Stellars native token, XLM, has rallied more than 50% this week, outperforming the broader crypto market, which has declined by nearly 5% in the same period.　　Key takeaways:US financial giant DTCC announced it would integrate its tokenized securities platform with the Stellar Network.XLM rallied by over 50% after the announcement, but risks a sharp downside in the coming weeks.　　DTCC partnership fuels XLM rally　　XLMs price surged after a major institutional partnership announcement by the Depository Trust & Clearing Corporation (DTCC), a US financial giant that clears and settles $10 trillion to $12 trillion in securities transactions daily.　　In a Wednesday press release, the firm revealed plans to integrate its tokenized securities platform with the Stellar network, targeting a launch in the first half of 2027.　　The move builds on DTCCs tokenized trades, launched in July 2026, based on its multi-chain strategy for tokenized asset issuance, reporting, corporate actions, and settlement.　　XLM rallied 51.75% after the DTCC announcement and traded for as high as $0.224 on Friday, its highest level since January. Trading volumes rose sharply alongside the upside move, suggesting that many buyers stepped in.　　Short squeeze helped fuel XLM price rally　　A crowded short trade appears to have also amplified the XLM upside move. Since May

05-31Industry

Ex-Celsius CEO Mashinsky Seeks to Overturn 12-Year Fraud Sentence

Alex Mashinsky, the former CEO of Celsius Network, has filed a motion in New York federal court to vacate his 12-year prison sentence. Mashinsky, sentenced in May 2025 for commodities and securities fraud, claims ineffective legal representation and procedural violations in his case.　　In a pro se filing submitted on May 28, 2026, Mashinsky argued that his legal counsel failed to adequately represent him and cited the “fruit of the poisonous tree” doctrine, suggesting evidence used against him was improperly obtained. The motion alleges communication breakdowns with his lawyers left him no option but to act without legal representation. “I did not discharge my counsel, but they stopped communicating with me,” Mashinsky stated in court documents.　　The disgraced CEO also attempted to shift blame for Celsius‘s collapse, pointing to alleged market manipulation by former FTX CEO Sam Bankman-Fried. In supporting documents, Mashinsky included text exchanges with Celsius’s ex-Chief Revenue Officer Roni Cohen-Pavon, asserting the latter tried a “hostile takeover” of the platform. Celsius declared bankruptcy in July 2022 during a market downturn that also took down FTX.　　Background on Mashinskys Legal Troubles　　Mashinsky‘s downfall is one of the most high-profile in crypto’s turbulent history. Once at the helm of Celsius, a company that promised

05-31Industry

‘The banks will not accept it’: JP Morgans Dimon escalates battle over stablecoin rewards in CLARITY Act debate

JPMorgan Chase CEO Jamie Dimon on Friday yet again sharply criticized Coinbase CEO Brian Armstrong and warned that the latest version of the Clarity Act could ultimately fail if lawmakers do not address concerns from traditional banks over stablecoin regulation.　　In an interview with Maria Bartiromo on Fox Business, Dimon appeared frustrated by the direction of the debate around stablecoins and digital asset legislation. Asked whether he was satisfied with the current draft of the Digital Asset Market Clarity Act, the crypto market structure bill that will formalize rules around how federal securities and commodities regulators oversee crypto, Dimon said he was not.　　“No, because it allows them to effectively pay interest on deposits, stablecoins or something like that, without protection that they should have,” Dimon said. “The banks will not accept it that way. … I‘m not worried about stablecoins but if it happened I’m telling you I will have nothing to do with it and it will eventually blow up.”　　The comments come amid a growing divide between the banking industry and crypto firms as lawmakers prepare for a key markup process that will determine whether the Clarity Act can advance through Congress. Lawmakers are expected to continue negotiating provisions governing

05-31Industry

Worldcoin - Liquidation pressure takes its toll, but can its price recover fully?

Worldcoin [WLD] has faced intense selling pressure over the last 24 to 48 hours, falling by roughly 10% to 16% after hitting a multi-week high near $0.4146. As a result, the token was hovering around the $0.30-zone at press time, reflecting a sharp shift in market sentiment.　　Initially, buyers drove WLD from $0.2745 to $0.4146, while the RSI surged above 80 and confirmed strong momentum. However, conditions changed rapidly after the peak formed.　　The altcoins price sliced through the 78.6%, 61.8%, 50%, and 38.2% Fibonacci levels with little evidence of sustained demand. This behavior suggested that distribution was replacing accumulation as sellers steadily gained control.　　Source: WLD/USDT on TradingView　　Meanwhile, the RSI fell to 44.99 and remained below its midline. This shift suggested that bearish momentum outweighed bullish pressure. The MACD seemed to reinforce that view too, especially as its bearish crossover continued to produce expanding red histogram bars.　　More recently, WLD attempted a recovery from the $0.2745 base and rebounded towards $0.3026. And yet, the rally stalled beneath the 23.6% Fibonacci level at $0.3076, turning the overhead resistance into a key barrier.　　As a result, sellers retain control for now. Unless WLD reclaims $0.3076 on a decisive close, downside pressure could persist towards $0.2745, where

05-31Industry

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