Latest Crypto News & Market Updates

Gemini Taps Grok for Custom AI-Powered Prediction Markets

The tool is powered by Grok, the AI model created by SpaceXAI, a division of Musks rocket-building company SpaceX that runs Grok and the social media website X.　　Gemini is one of several crypto exchanges expanding beyond spot and derivatives trading into prediction markets and AI amid a crypto market slump that has caused trading volumes and profits to sink.　　Last month, Gemini introduced a feature letting users connect AI models like ChatGPT and Claude to their trading accounts to autonomously monitor markets and even execute trades on their behalf.　　Gemini prediction markets revenue hits $400,000 in Q1　　Gemini said in its first quarter results released earlier this month that its prediction markets platform made a revenue of $400,000 from 20,000 users, a fraction of the revenue and users recorded on market leaders Kalshi and Polymarket.　　Gemini reported a 42% year-on-year increase in revenue to $50.3 million for the quarter as it continued expanding from a crypto-native trading platform into a financial services company.　　Gemini also managed to trim its quarterly net loss by 27% year-on-year to $109 million.　　Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraphs Editorial Policy and aims to provide accurate and timely information. Readers are

05-30Industry

Bitcoin Bid Wall Stacks $512M Near $70K as RSI Hits 3-Month Low, Coldcard MK5 Debuts

Bitcoin　　Bitcoin Bid Wall Stacks $512M Near $70K as RSI Hits 3-Month Low, Coldcard MK5 Debuts　　Bitcoin dip buyers have stacked roughly $512 million in limit orders between $72,000 and $68,500, carving out a dense demand zone as the largest cryptocurrency tests the lower edge of its current trading range. Order-book data shows 6,235 BTC parked between $72,000 and $70,000, worth about $443 million at spot, with the heaviest cluster sitting directly above the psychological $70,000 mark. A further 1,012 BTC, valued near $69 million, waits at $68,505. Bid liquidity refers to limit buy orders queued below market price, and when spot trades into those orders it can blunt downside momentum and seed a sharp rebound if demand absorbs available supply.　　Derivatives data reveals a striking asymmetry in liquidation exposure around current levels. Liquidation-heatmap readings put roughly $2 billion in cumulative long positions at risk if Bitcoin taps the $70,000 zone, while more than $5 billion in short positions sit clustered near $78,000. That imbalance hands upside fuel to any squeeze that breaks the descending structure: should the $70,000 bid wall absorb selling, the larger short-side liquidity pool above would become a magnet for price action. Below $68,500 the order book thins considerably,

05-30Industry

Stellar Breaks Out Above $0.20 as CFTC Moves to Vacate $5M Gemini Settlement

Tech　　Stellar Breaks Out Above $0.20 as CFTC Moves to Vacate $5M Gemini Settlement　　Stellar confirmed a high-volume breakout from a multi-week accumulation channel, reclaiming the $0.20 level that had capped price action through April and May 2026. The daily candle pushed the relative strength index up to 80 as buyers absorbed sell pressure that had repeatedly compressed the token toward the channel midline. Above $0.20, technical structure points toward $0.25 and $0.30 as the next upside targets. The reclaim of the long-term midline shifts XLM into one of the strongest momentum setups across major altcoins entering June, though traders are watching for a tactical cooldown given the elevated RSI reading and a tight invalidation if support fails.　　Chainlink presents the inverse setup on price action but the most constructive on-chain footprint among the largest real-world asset tokens. LINK broke down from an ascending parallel channel on May 19 and has continued grinding lower, testing the $7 support zone that anchored the previous accumulation range. Despite the deteriorating chart, wallet data shows whale addresses steadily absorbing supply from smaller holders, a divergence that historically precedes recovery phases. The pattern echoes prior cycles where exchange outflows accelerated into spot weakness. Holders are watching whether

05-30Industry

Sui mainnet suffers two outages in two days as gas logic bug stalls transactions

Trading activity increased during the outage as users reacted to halted network operations and delayed transaction confirmations.　　Though user balances stayed intact on the blockchain network, operations were interrupted, such as slow token transfers, paused DeFi transactions, and inability to transact NFTs and trade.　　The incidents highlighted execution risks for traders and DeFi users who rely on timely transaction settlement.　　Sui faces its second major disruption of 2026　　The outages in May were the second time in the year Sui experienced a major network failure.　　During January 2026, there was a different kind of issue with the consensus that caused an outage lasting about five to six hours due to validators failing to validate new checkpoints.　　While the January and May incidents had different technical causes, both required coordinated validator intervention to restore normal operations.　　Sui confirmed on May 30 that the network had returned to normal operations after validators applied an emergency fix.　　According to the team, a full post-incident review will be published soon, outlining the interaction between the Address Balances feature and gas accounting during epoch transitions.　　Now, developers are observing if there is a need to redesign the feature, if gas accounting needs more separation from the consensus process, and what other measures are required

05-30Industry

Bit Digital (BTBT) Boosts Ethereum Holdings to 158K ETH with $20M Buy

Bit Digital (NASDAQ: BTBT) has ramped up its Ethereum holdings with a $20 million purchase, adding 8,568 ETH to its treasury at an average price of $2,334.25 per token. This acquisition, made on May 11, 2026, pushes the companys total ETH reserves to 158,462 ETH—surpassing Coinbase Global to become the fourth-largest public corporate Ethereum holder, according to CoinGecko data.　　The move reflects Bit Digital‘s ongoing pivot toward an Ethereum-centric strategy. CEO Sam Tabar emphasized that the purchase lowered the firm’s average acquisition cost and aligns with its broader objectives to increase net asset value per share through Ethereum accumulation, AI infrastructure investments, and strategic acquisitions. The company operates across Ethereum treasury management, AI/high-performance computing (HPC), and other blockchain-related ventures.　　Bit Digital‘s Ethereum holdings now outpace Coinbase Global’s 151,175 ETH, signaling aggressive positioning in the race for on-chain dominance among public companies. While BitMine Immersion Technologies leads with over 5.39 million ETH, Bit Digitals latest purchase cements its position among top-tier Ethereum treasury holders.　　Market Context and Performance　　The timing of Bit Digital‘s purchase is noteworthy. Ethereum (ETH) was trading around $2,006.61 as of May 29, 2026, down roughly 60% from its August 2025 all-time high of $4,946. Despite the price weakness, Ethereum’s network fundamentals

05-30Industry

Gemini Introduces AI-Powered Prediction Market Tool with Grok

Crypto exchange Gemini has announced a partnership with SpaceXAI, Elon Musk‘s artificial intelligence division, to integrate Grok, its proprietary AI model, into Gemini’s prediction markets platform. Dubbed “Command Center,” the new feature delivers curated, personalized market feeds based on user activity, including open positions, watchlists, and historical predictions.　　According to Gemini, the tool simplifies decision-making by presenting tailored intelligence across diverse categories such as crypto, sports, commodities, politics, and economics. “Rather than forcing you to dig through social feeds to find whats relevant, Command Center meets you where you are,” the company explained in a blog post.　　The move reflects Geminis broader strategy to expand beyond traditional crypto trading by leveraging AI and prediction markets. These markets allow users to trade event contracts on real-world outcomes, such as cryptocurrency price targets or political events. Despite the ongoing crypto market slowdown, Gemini continues to position itself as a diversified financial services company.　　Prediction Markets: Rising Competition and Revenue　　Prediction markets are becoming an increasingly competitive space for crypto firms. Launched in December 2025 after securing a critical CFTC license, Gemini Predictions™ is fully regulated across all 50 U.S. states. The platform has grown to attract over 20,000 users and generated $400,000 in revenue during Q1

05-30Industry

164 Billion Shiba Inu (SHIB) in 24 Hours: Netflows Finally Ease

Tech　　164 Billion Shiba Inu (SHIB) in 24 Hours: Netflows Finally Ease　　Bitcoin Ethereum NewsNetflows spike upKey support for the price　　On-chain data indicates that exchange netflows of Shiba Inu have started to ease considerably. The most recent metrics show that SHIB recorded a total exchange netflow of about -164 billion tokens over the previous 24 hours at the time of writing, indicating that more tokens are still leaving exchanges than entering them.　　Netflows spike up　　Exchange netflows quantify the variation in tokens entering and leaving centralized trading platforms. Investors withdrawing assets from exchanges is usually indicated by negative netflows, which frequently lessen the immediate sell-side pressure. The most recent reading indicates a significant change from the higher exchange activity observed earlier this month, even though a single day of data does not prove a trend reversal.　　SHIB/USDT Chart by TradingView　　The improving narrative is supported by the larger on-chain picture. Over the past day, exchange reserves have decreased by an additional 0.19%. Concurrently, there have been slight increases in active addresses, transfer activity, and velocity, indicating that network participation is still steady despite poor price performance.　　Bitcoin (BTC), Zcash (ZEC), Ethereum (ETH) and XRP Price Analysis for May 30: Bearish Pressure Emerges　　JPMorgan Boss on Crypto Bill: ‘We’ll

05-30Industry

STRC slips below par as Strategys (MSTR) cash reserves face growing scrutiny

Strategys perpetual preferred security, Stretch (STRC), fell as low as $97.11 on Thursday as bitcoin slipped to the $73,000 mark.　　STRC tends to face selling pressure during bitcoin drawdowns and in the days immediately following its ex-dividend date, as seen on Nov. 20 and Feb. 5. The ex-dividend effect typically results in a price adjustment reflecting the value of the dividend, while periods of bitcoin weakness can reduce investor appetite for Strategy-related securities. Together, these factors have historically created short-term pressure on STRCs market price.　　The company has structured STRC to trade near its $100 par value, as maintaining that level enables Strategy to continue issuing shares through its at-the-market (ATM) program and raise additional capital efficiently.　　Strategy repurchased $1.5 billion of its 0% convertible senior notes due 2029 recently, reducing its overall debt burden. However, the buyback was funded using cash from the company‘s U.S. dollar reserve. Strategy’s cash balance declined from approximately $2.25 billion to $871 million as a result.　　Based on the companys current annual preferred dividend obligations of roughly $1.7 billion, the remaining cash reserve now provides only about six months of coverage but was initially implemented to cover the dividend obligations for 24 months.　　Executive Chairman Michael Saylor discussed several

05-30Industry

XLM up +23.97%, BTC -0.14%, Stellar is The Coin of The Day - Daily Market Update for May 30, 2026 | CoinCodex

Key highlights:The total cryptocurrency market cap increased from $ 2.47T to $ 2.47T in the past 24 hours, representing a 0.09% changeThe Bitcoin price at press time is $ 73,605 after falling by -0.14% in the last 24 hoursThe total crypto trading volume increased by 4.62% in the past 24 hours, and is currently at $ 235.14BAll prices and changes are presented at the time of publication: May 30, 2026, at 06:00 UTC　　Market Overview　　The total cryptocurrency market cap is currently $ 2.47T after a 0.09% increase on the day. The total crypto trading volume increased by 4.62% in the same time frame.　　Bitcoin is trading at $ 73,605 after seeing a -0.14% loss in the last 24 hours. The Bitcoin dominance fell by -0.18% and BTC currently represents 59.70% of the cryptocurrency market.　　Top Coins By Market Cap　　At press time, Bitcoin has a market capitalization of $ 1.47T after losing -0.14% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by null% and reach null by Invalid date. To learn more about how the price of Bitcoin could change over the next 7 days, visit our Bitcoin price prediction page.　　Ethereum, which is the second-largest cryptocurrency by

05-30Industry

Bitcoin Climbs Above $74,000 After Trump Signals Strait of Hormuz Shipping Restart

Bitcoin　　Bitcoin Climbs Above $74,000 After Trump Signals Strait of Hormuz Shipping Restart　　Bitcoin Ethereum News　　Reclaims $74,000 Following Intraday Dip　　On Friday, May 29, reclaimed $74,000 just a few hours after it plunged to a multiweek low of $72,395. The s surge followed reports that Iran and the U.S. had reached an agreement to reopen the Strait of Hormuz, a critical shipping lane through which 20% of the global crude oil supply passes.　　spent the early morning oscillating in a tight range between $73,000 and $73,500 before diving. Just after 5 a.m. EST, the shed over $1,500 to hit a daily low. But the market quickly reversed course as reports emerged of a Washington-Tehran agreement. Once U.S. President Donald Trump confirmed the deal via Truth Social, a massive wave of buying propelled to $74,223.　　Although the dipped back below $74,000 by 1:55 p.m. EST, it maintained a 24-hour gain of roughly 0.6%. The marginal increase narrowed bitcoins 30-day losses to 2.7% and pushed its market capitalization past $1.48 trillion.　　Although the reported memorandum of understanding remains subject to formal ratification by Trump and Iranian leadership, the presidents social media confirmation was enough to spark a market reversal—igniting a rally in U.S. equities while triggering a sell-off

05-30Industry

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