Latest Crypto News & Market Updates

Bitcoin whale expands long position to $94M, but BTC remains bearish

Bitcoin　　Bitcoin whale expands long position to $94M, but BTC remains bearish　　With the market on its back foot, investors, especially whales on the derivatives, were forced to reposition themselves.　　Garret Jin adds Bitcoin long to $94 millionSource: CoinGlassBitcoin derivatives remain bearishSource: CryptoQuant　　Source: CryptoQuantIs $70k support at risk？　　Bitcoins downside momentum strengthened further, largely due to the long squeeze over the past day. In fact, the negative index (-DI) jumped to a monthly high of 29.　　At the same time, its positive index dropped to 12 while the ADX sat around 14. With ADX and -DI above +DI, this suggests the downtrend is extremely strong.　　Source: TradingView　　Historically, when this momentum indicator is set this way, it has signaled a higher likelihood of trend continuation. Therefore, if the pressure holds and Futures whales show risk-off sentiment, Bitcoin could drop to $70,500.　　However, if the market cools down and excessive leverage is flushed out, BTC could see a healthy reset. In doing so, the market could rebound above $75k, setting a path for a clear recovery.

05-29Industry

Strategy Moves $30 Million in BTC to Coinbase Amid Sell Speculation

The timing of the deposit raised eyebrows given recent hints that Strategy could consider selling some of its Bitcoin.　　On May 29, the worlds largest corporate holder of Bitcoin Strategy transferred 411.48 BTC, worth over $30 million, to Coinbase Prime, a move that immediately drew attention across the crypto community as traders tried to read the intent from the on-chain activity.　　The timing was especially hard to ignore considering that on Polymarket, the probability that Strategy will sell some of its Bitcoin before December 31, 2026 has now hit 84%.　　What the Transfer Could Mean　　Depositing BTC to an exchange does not automatically mean that the holder is looking to sell. This was noted by pseudonymous crypto analyst COINBOY, who pointed out that funds moved to Coinbase Prime could be for OTC trading, collateral arrangement, or institutional fund management rather than outright liquidation. Keep that distinction in mind before reading too much into a single on-chain transaction.　　However, what gave Strategy‘s move more weight is the context around it, with the company’s Executive Chairman Michael Saylor recently declining to rule out selling some BTC before year-end, a notable departure from the hold-at-all-cost image hes spent years building.　　That change in mindset was revealed period. During the

05-29Industry

Texas Names Bitcoin Reserve Advisory Committee As State Eyes Direct Bitcoin Custody

Bitcoin　　Texas Names Bitcoin Reserve Advisory Committee As State Eyes Direct Bitcoin Custody　　Acting Texas Comptroller Kelly Hancock on Thursday announced the members of the Texas Strategic Bitcoin Reserve Advisory Committee, a newly created body tasked with guiding the states management, custody, and valuation of bitcoin holdings.　　The committee was established under Senate Bill 21, passed by the 89th Texas Legislature and signed into law on June 22, 2025 — making Texas one of the most prominent states in the nation to move forward with an operational bitcoin reserve.　　“The Legislature gave the Comptrollers office a clear responsibility to administer the Texas Strategic Bitcoin Reserve, and that work must be done with transparency, security and strong financial controls,” Hancock said in a statement Thursday. “This advisory committee brings together the kind of expertise needed to help the state carry out that direction carefully, responsibly and in the best interest of Texas taxpayers.”　　JUST IN: ???????? Texas announces the creation of the “Texas Strategic Bitcoin Reserve Advisory Committee.”　　Texas is now also looking for a qualified firm to custody their BTC for when they buy more ???? pic.twitter.com/fbkps1IS6T　　— Bitcoin Magazine (@BitcoinMagazine) May 29, 2026　　The five-member committee — which includes Hancock himself — draws on a broad range

05-29Industry

Solana price must hold $80 support to fuel next leg higher: analyst

While the token remains well below the 0.236 Fibonacci retracement level near $111 and the weekly Supertrend resistance around $121, the $79-$80 support area has continued to attract buyers during repeated selloffs.　　According to analysts at More Crypto Online, Solana could decline toward $62 if it fails to hold the key $72–$78 support zone. Conversely, a rebound above the May 12 high near $98 could pave the way for a move toward the $110 level.　　Institutional sentiment toward Solana has remained mixed. Reports that Goldman Sachs liquidated its Solana ETF exposure earlier this year removed a notable source of institutional demand, while several asset managers continue pursuing crypto-related investment products tied to major layer-1 networks.　　Traders have increasingly focused on whether fresh institutional participation emerges if market conditions stabilize during the second half of the year.　　What technical risks could invalidate the bullish thesis？　　The daily chart presents a more cautious picture. Solana price recently formed a bearish double-top pattern after failing twice near the $98 resistance area, first in March and again in May. The structure developed as momentum weakened across the recovery rally and sellers repeatedly defended the same overhead resistance zone.　　Solana price has formed a double top pattern on the daily chart

05-29Industry

Ethereum price risks $2,000 breakdown as leverage flashes warning

Ethereum　　Ethereum price risks $2,000 breakdown as leverage flashes warning　　Ethereum is trading near a key price zone as weak momentum, high leverage, and heavy sell-side flow shape short-term market action.Ethereum trades near $2,006 as RSI stays weak and price struggles around key support.Binance open interest rose 336,000 ETH while taker selling hit -$744 million, CryptoQuant data showed.Analysts remain split as weak momentum clashes with leverage that could fuel volatility ahead.　　The crypto.news price data showed ETH near $2,006, with the token holding close to the $2,000 area after recent weakness.　　Ethereum price remains under pressure near $2,000　　Ethereums short-term setup remains fragile as price action stays close to the $2,000 level. The token has struggled to rebuild strength after recent declines, while buyers have not yet pushed ETH back above the higher range.　　Ethereum 24-hour range stood between $1,972.57 and $2,023.22. This keeps ETH close to a support area that many traders now watch.　　Trading volume stood near $13.17 billion, while market capitalization was around $242 billion. That shows activity remains active, but it does not yet point to a clean recovery.　　The main concern is that ETH has not reclaimed the $2,200 zone. A move back above that area would show better demand. A break below

05-29Ethereum

Weekly Close Could Determine Whether Ethereum Will Cost $1,000

Ethereum　　Weekly Close Could Determine Whether Ethereum Will Cost $1,000　　The current weekly close will determine whether Ethereum (ETH) falls toward the $1,000 mark, according to a technical analysis by analyst Ali Martinez. According to his data, a weekly candle close below the key $1,850 support will trigger an acceleration of selling.　　If this level is broken, the first target of the downward move will be the intermediate support near $1,560, while the final point of the decline within the multiyear channel will be the lower boundary of the range near $1,070.　　Ethereum ETF outflows meet an “Amazon 2001” analogy　　The decline in the price of the main altcoin is taking place amid the continued flight of institutional capital. U.S. spot Ethereum ETFs recorded a net outflow of $121 million, marking the thirteenth consecutive day of withdrawals and signaling sustained bearish sentiment among Wall Street investors.　　Is Saylor Selling？ Strategy Moves $30 Million in Bitcoin　　Ripples Schwartz Mocks Audacious $286 Billion Bitcoin Lawsuit　　Additional pressure on the market came from the actions of Bankless co-founder David Hoffman, who fully liquidated his ETH position on May 26, 2026, after nine years of holding. Hoffman said the token had already reached fair value and had lost its upside potential, as

05-29Industry

Injective Price Prediction: INJ Breaks Out Toward $6.50

Open interest surged 32.47% to $151.67M while volume climbed 11.51% to $336.48M. OI rising faster than volume points to fresh positions being built rather than short-term speculation driving the move. Shorts absorbed $441.74K in liquidations over 24 hours against $302.74K for longs, bears are on the wrong side of this move.　　The retail long/short ratio sits at 0.8505, meaning more retail accounts are short. Top traders on Binance run a 1.6802 long/short ratio by accounts but only 0.8676 by positions, suggesting professionals are cautious about sizing despite being directionally long. That gap between account ratio and position ratio is worth watching as price approaches the $6.50 resistance zone.　　INJ Price Prediction for May 30Upside: Holding above the 200 EMA at $5.705 on any pullback keeps the breakout valid, with $6.50 as the next target and $8.00 as the broader objective if momentum sustains.Downside: Losing $5.705 on a daily close pulls INJ back into the handle range, with the 20 EMA at $5.106 as the next demand level.

05-29Industry

Ethereum (ETH) news: A blockchain lottery plans to use crypto gambling fees to fund Ethereum development

Ethereum core developers may soon get a new source of funding: a blockchain lottery.　　Decentralized lottery protocol Megapot said Thursday it is teaming up with Protocol Guild, an independent funding collective for Ethereum protocol contributors, to introduce what they describe as the crypto industrys first programmable charity lottery.　　Under the arrangement, users can buy tickets for a daily lottery through a dedicated Protocol Guild portal for a chance to win prizes from a pool exceeding $1.1 million. Megapot said 100% of referral fees generated from ticket sales will be automatically distributed by smart contracts to Ethereum developers supported by Protocol Guild.　　The effort comes as concerns around sustainable funding for Ethereums core infrastructure have intensified. While the blockchain underpins billions of dollars in decentralized finance and crypto trading activity, many developers maintaining the network earn significantly less than peers in other parts of the industry, according to Megapot.　　Protocol Guild said it has distributed roughly $38 million to Ethereum contributors since 2022 through donations and token pledge initiatives, but estimates that maintaining and scaling Ethereum could require between $30 million and $60 million annually.　　“Every token, NFT, or perps trade depends on the tireless work of Ethereum core developers,” Megapot CEO Patrick Lung said in

05-29Industry

Litecoin price outlook: LTC bounce driven by Nexus Wallet update and LitVM speculation

Litecoin price has bounced as RSI nears oversold conditions.Nexus Wallet added gift card payments and privacy upgrades for LTC use.LitVM speculation and $53.30 resistance shape near-term price direction.　　Litecoin (LTC) traded around $51.54 on Friday morning, posting a roughly 2% gain over 24 hours, according to CoinGecko.　　The modest advance came while Bitcoin remained mostly flat, making Litecoin one of the better-performing large-cap cryptocurrencies in the short term.　　However, despite the daily rebound, the broader trend remains under pressure, with LTC still down nearly 47% over the past year.　　Recent Litecoin price action has been influenced by a combination of technical positioning and renewed attention around ecosystem developments, particularly the Nexus Wallet upgrade and ongoing speculation surrounding LitVM.　　Nexus Wallet update strengthens payment narrative　　Recent developments in the Litecoin ecosystem, particularly the Nexus Wallet update linked to the Litecoin Foundation, have drawn increased market attention.　　The update introduces a more integrated spending experience for Litecoin holders, most notably through direct in-app gift card purchases using LTC.　　This removes the need for external platforms or additional conversion steps, streamlining real-world crypto payments.　　The wallet also builds on existing payment infrastructure, including integrations with Flexa, which enables in-store crypto payments across supported merchants.　　Together, these features position Nexus Wallet as a broader

05-29Industry

Canada annualized Gross Domestic Product contracts 0.1% in Q1

Finance　　Canada annualized Gross Domestic Product contracts 0.1% in Q1　　Canadas Gross Domestic Product (GDP) was unchanged on a quarterly basis in the first quarter of 2026 following the 0.2% contraction recorded in the last quarter of 2025, Statistics Canada reported on Friday.　　In this period, the annualized GDP declined by 0.1%, falling short of the market expectation for a growth of 1.5%. On a monthly basis, the GDP contracted by 0.1% in March.　　Market reaction　　USD/CAD edged higher with the immediate reaction to disappointing GDP data and was last seen rising 0.25% on the day at 1.3820.

05-29Industry

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