Latest Crypto News & Market Updates

SoFi stock warning: stablecoin faces major scaling headwinds

SoFi Technology (NASDAQ: SOFI) stock price popped on Friday after forming the highly bullish double-bottom pattern at $15. It soared to a high of $18.50, its highest point since April 28, up by 22% from its lowest point this year, as investors welcomed the new stablecoin.　　SoFi Technology stock technicals point to more gains　　The daily chart shows that the SoFi share price crashed and bottomed at $15, its lowest point in April and May this year. It formed a double-bottom pattern with a neckline at $20, its highest point on April 17. A double-bottom is one of the most common bullish reversal signs in technical analysis.　　The stock has now jumped above the 50-day Exponential Moving Average (EMA), a sign that bulls have prevailed. Also, the Relative Strength Index (RSI) moved above its moving average and the neutral level of 50.　　Therefore, the stock will likely continue rising as bulls target the key resistance level at $20. A move above that price will point to more gains, potentially to the 50% Fibonacci Retracement level at $23. This target is about 28% above the current level.　　On the flip side, a drop below the double-bottom level at $15 will invalidate the bullish forecast and point

05-30Exchange

Nvidia’s Most Important Rental Chip Just Got 40% Cheaper: Why That’s Bad News for NVDA Stock

Nvidia (NVDA) H200 GPU rental prices fell roughly 40% in three weeks, sliding from $7 to about $4 per hour. The repricing is testing the AI scarcity story and tightening near-term risk around NVDA shares.　　NVDA closed at $214.25 on May 28 ahead of the latest reading from the Ornn Compute Price Index. Spot softness on older Hopper chips is feeding fresh investor doubt about hyperscaler demand durability.　　Nvidia (NVDA) Stock Performance. Source: Google FinanceOlder Silicon Weighs on the Nvidia Bull Case　　The H200 drop tracks Nvidias generational handoff. Blackwell B200 and GB200 chips absorb premium pricing as Hopper supply normalizes across neoclouds, per Ornn.　　Nvidia H200 Rental Prices. Source: Ornn Dashboard　　Older GPU softening fuels narrative risk for shares priced on perpetual scarcity after Nvidias record earnings.　　“The price to rent an Nvidia H200 just collapsed from $7/hr to $4/hr in three weeks. A -40% drop in the cost of the single most strategic asset in tech,” analyst Thierry Borgeat of Arvy highlighted.　　Analysts Stay Constructive on NVDA　　Wall Street has not flinched yet. Wedbushs Dan Ives kept his Outperform rating and $300 target, citing the AI capex boom. Consensus across 43 analysts sits near $304, implying 43% upside.　　The bigger swing factor sits at the customer level.

05-29Industry

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

BlackRock Outflows Trigger 'Golden Era' for Bitcoin

Large-scale capital outflows from U.S. crypto funds have continued for the ninth consecutive day and show no sign of stopping. Just before the start of the May 29 trading session, investment giant BlackRock transferred another large batch of assets worth 2,448 $BTC valued at $180 million to Coinbase Prime, according to Arkham.　　As is already clear by the end of the month, institutional players are taking profits out of ETFs because of the Feds restrictive policy and U.S. Treasury yields at 5.20%. However, this prolonged sell-off unexpectedly exposed a tectonic change, as Bitcoin volatility fell to the level of defensive precious metals, specifically gold.　　BlackRocks transaction with Bitcoin to Coinbase as of May 29, 2026, Source: ArkhamHow Bitcoin vaults toward gold status for Wall Street　　According to the latest data from the Bloomberg terminal, the 60-day historical volatility of the Bitcoin fund IBIT fell to 34.177%. At the same time, volatility in the gold ETF GLD rose to 27.227% amid geopolitical tensions. This makes the gap between the fluctuations of $BTC and physical metals narrow to a record low of just 7%.　　For Bloomberg senior ETF analyst Eric Balchunas, this exact factor determines the long-term viability of cryptocurrency, although it is completely ignored in

05-29Exchange

Bitcoin price at crossroads as bearish setup points to more losses

Bitcoin has stabilized near $73,000 after a three-day slide, but bearish chart signals suggest the correction may not be over.　　According to data from crypto.news, Bitcoin ($BTC) price was trading around $73,200 at press time, recovering modestly after briefly falling toward the $72,600 region on May 28. The decline erased more than 10% from Bitcoins May peak near $81,000 and came as investors rushed out of risk assets amid fears of a wider conflict in the Middle East and renewed concerns over the global economy.　　Sentiment improved slightly on Friday after reports suggested U.S. and Iranian negotiators were working toward a memorandum of understanding that could extend the ceasefire by 60 days and reopen shipping routes through the Strait of Hormuz. The development helped stabilize oil prices and reduced some of the panic selling that had weighed on crypto markets throughout the week.　　The geopolitical shock arrived as U.S. spot Bitcoin ETFs recorded one of their largest withdrawal streaks of the year. More than $733 million exited the products on May 27 alone, with BlackRocks IBIT reportedly accounting for over $500 million of the total. Such redemptions force ETF issuers to sell underlying Bitcoin holdings, adding direct spot-market supply during periods of weak

05-29Exchange

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