Latest Crypto News & Market Updates

Class Action Claims Administrator Agrees To Stop Taking Vendor Rebates After Kickback Scrutiny

Finance　　Class Action Claims Administrator Agrees To Stop Taking Vendor Rebates After Kickback Scrutiny　　Last year, reports surfaced that class action claims administrators were secretly pocketing vendor rebates tied to consumer payouts. A new court filing shows that one major administrator has agreed to stop taking them.　　The filing is from a small data breach class action lawsuit against Kansas City medical practice Clay Platte Family Medicine, with a $1 million settlement fund. On May 7, 2026, Philadelphia-based Angeion, one of the country‘s largest claims administrators, agreed that it won’t take rebates or discounts from vendors, banks or other financial institutions in the Clay Platte case. It appears to be one of the first public examples of a major claims administrator agreeing to forgo those payments. Representatives for Angeion, which is owned by private equity firm Renovus Capital, didnt respond to our requests for comment.　　Before the spring of 2025, few attorneys or judges were aware that the claims administrators in charge of doling out class action rewards to consumers were pocketing money from fintech card issuers like Blackhawk and Tremendous. Few understood the breakage that resulted from the digital prepaid debit cards used in payouts. (The breakage occurred when many recipients didnt use

05-29Industry

Feds Schmid: Surging oil is weighing on spending power

Finance　　Feds Schmid: Surging oil is weighing on spending power　　Kansas City Federal Reserve (Fed) Bank President Jeffrey Schmid said during the European trading session on Friday that elevated energy prices are diminishing households purchasing power.　　Additional remarks　　Some evidence AI is depressing hiring but not driving firing.　　US economy less exposed to energy shock relative to the past.　　Main focus is on getting inflation back to 2% target.　　So far, US energy producers have not been moving to invest in more production.　　Most data points to continued economic growth.　　Job market in balance, buoyed in part by healthcare hiring.　　Fed must signal commitment to lowering inflation.　　My primary concern is inflation, which is ‘too hot’.　　I place little stock in believing recent inflation jump is transitory.　　Low hiring is a more general phenomenon, not only due to AI.　　The Fed must signal commitment to price stability.　　Market reaction　　There seems to be no immediate response by the US Dollar (USD) to Fed Schmids comments. As of writing, the US Dollar Index (DXY) trades 0.1% higher at around 99.10.

05-29Industry

Hedera Price Prediction: HBAR Price Rebounds After Brutal 85% Crash

Finance　　Hedera Price Prediction: HBAR Price Rebounds After Brutal 85% CrashThe HBAR price bounced back toward $0.094 after falling more than 85% from its all-time high near $0.57.HBAR reclaimed key moving averages and broke above recent swing highs, improving short-term market structure.Hedera‘s enterprise expansion, including BrandBoost and FedEx council participation, continues supporting the network’s long-term growth story.　　Hedera is finally showing some strength again after spending months stuck in a deep correction. The HBAR price had fallen more than 85% from its all-time high near $0.57, but this week the token managed to bounce back toward the $0.094 area, putting traders back on alert for a possible larger recovery move.　　What makes this bounce interesting is that it‘s happening right as several technical and on-chain signals are starting to improve together. HBAR’s market cap recovered from around $3.71 billion back toward $3.94 billion, and the price itself pushed above key moving averages that had been acting as resistance for weeks.　　The HBAR price is trying to build momentum again　　We had a look at the HBAR chart shared by More Crypto Online, and the broader structure still shows a market that has been in correction mode for most of 2026. Price continued forming lower highs

05-29Industry

HYPE Jumps 10% As NYSE Owner Highlights Hyperliquid’s Wall Street Potential

In remarks delivered on May 27, Sprecher said Hyperliquids founders are “extremely smart” and described the venue as “a true DeFi exchange.”　　He noted that ICE has met with the team multiple times and is not “freaked out” by the competition.　　“This Hyperliquid that we‘re talking — if you haven’t heard about it, it‘s bigger than NASDAQ, okay？ It’s 11 people. You look at it, you‘re like, wow, that’s pretty something.”　　Sprecher also highlighted weekend oil futures, leverage of up to 100x, and a fully on-chain order book as features that have pushed legacy venues to extend their own trading hours.　　His outreach broadens an institutional bid for HYPE that already includes growing spot ETF demand and a recent Arthur Hayes purchase.　　HYPE Holds Near Record Highs　　HYPE now ranks as the 11th-largest crypto asset by market value, helped by $1.16 billion in buybacks that have tightened circulating supply this year.　　The platform also continues to draw aggressive whale positioning as new highs come into view, with the token already up roughly 80% over the past 12 months.　　Sprechers remarks suggest the line between centralized incumbents and onchain venues is narrowing faster than many traditional exchange executives expected.　　Whether ICE moves from observation to direct partnership may shape how

05-29Industry

Is Saylor Selling? Strategy Moves $30 Million in Bitcoin

He confirmed some earlier statements that were made by Strategy CEO Phong Le.　　Saylor is willing to move away from the “diamond hands” narrative due to the harsh financial environment for the company.　　The firms massive balance sheet has been dragged down by crypto prices. As a result, MicroStrategy reported a significantly wider first-quarter net loss of a staggering $12.54 billion.　　However, the most recent panic might still be overblown. Despite Saylors diamond-handed reputation, it has technically sold the asset once before. On Dec. 22, the enterprise software firm liquidated 704 BTC for approximately $11.8 million in cash.　　Just two days later, on Dec. 24, Strategy turned around and purchased 810 BTC.　　Saylor previously stated that the key is to buy more BTC than you can sell.

05-29Industry

This Analysis Shows Why BTC Holders Are Under Pressure

Bitcoin　　This Analysis Shows Why BTC Holders Are Under PressureBitcoin risks capitulation if price loses critical $73K holder support zone.Exchange Bitcoin reserves hit 2019 lows despite bearish market conditions.Spot Bitcoin ETFs continue reducing supply through steady institutional demand.　　Bitcoin extended its recent decline on Thursday as mounting losses among short-term holders increased fears of a broader capitulation event. The leading cryptocurrency traded near $72,714 after losing more than 3% in 24 hours. Moreover, weekly losses now exceed 5%, reflecting growing weakness across the market.　　Despite the pressure, on-chain metrics still suggest that investors have not entered full panic mode. Instead, traders remain trapped between critical support and resistance zones while the market searches for direction.　　On-Chain Data Reveals Critical Battle Zones　　CryptoQuant data shows that most Bitcoin holders who entered during the last 18 months now sit below their average purchase price. Significantly, the Realized Price UTXO Age Bands metric highlights how several investor groups remain under heavy stress.　　The 1-month to 3-month cohort currently holds a cost basis near $73,000. That level now acts as the markets immediate support zone.　　If Bitcoin breaks below that threshold, selling pressure could accelerate rapidly. Consequently, analysts view the $69,000 region as the next major support area. That zone aligns

05-29Industry

Sui Price Prediction: SUI Falls as Mainnet Stall Hits Market Confidence

Finance　　Sui Price Prediction: SUI Falls as Mainnet Stall Hits Market ConfidenceSUI dropped pressure after a network stall halted transactions for hours, raising reliability concerns.The SUI price tests the key $0.90 zone, with $1.00 still acting as strong resistance.Market outlook stays fragile, with traders watching whether support holds or breaks.　　SUI has come under pressure after a mix of technical weakness and a sudden network outage rattled trader confidence. Suis mainnet stalled for over two hours, pausing block production and stopping transactions across the network, as reported by Coin Bureau.　　In spite of this fact, there were still operational RPC nodes, but the crucial settlement layer failed to perform, and this problem is crucially significant for any Layer-1 blockchain. On top of all the existing concerns, the SUI price had been already trying its luck in the range of $0.90-$0.91.　　SUI pressure builds around the $0.90 zone　　SUI has been in a long corrective phase after its run toward $4.00 in 2024–2025. From that point on, according to the chart by 2xnMore, it is clearly seen that it started drawing lower highs and lower lows, failing each time it tried to retrace to the $1.00 area. This area was previously acting as solid support, but

05-29Industry

Bitcoin price today Analysis: 24h

BTC/USDT — daily chart with candlesticks, EMA20/EMA50 and volume.Multi-timeframe read　　Daily (macro bias): Bearish tilt. Price (73,856) is below the 20/50/200-day EMAs and the MACD stays negative. Proximity to the lower Bollinger Band invites a bounce, but the burden of proof is on buyers.　　1H (confirmation/weakening): Neutral-to-constructive. Meanwhile, price is above the 1H EMA20 (73,624) but still below the 1H EMA50 (74,127) and EMA200 (75,741). RSI near 53 and a positive MACD histogram flag an intraday squeeze attempt, not a trend change.　　15m (execution context): Mildly bullish. Still, price rides above the 15m EMA20/50 (73,698/73,618) but remains capped by the 15m EMA200 (74,132). Expect whipsaws into nearby resistance.　　Evidence and what it impliesRSI (Daily RSI14: 37.03) — Momentum is weak but not washed out. There is room for a pop, yet rallies can be sold until RSI works back toward the mid-40s/50.MACD (Daily: line −882.4, signal −289.22, hist −593.18) — Downside momentum still dominates. Any bounce is fighting a negative backdrop until the histogram starts climbing toward zero.EMAs (Daily: EMA20 76,715.65; EMA50 76,439.81; EMA200 81,911.03) — Price is under all three, with the 20-day only slightly above the 50-day. That is classic overhead supply; first real battleground sits in the 76.4k–76.8k zone.Bollinger Bands (Daily

05-29Industry

XRP Coinbase Order Book Shows 7x Stronger Buy Liquidity

Analyst Dom says the $XRP order book on Coinbase remains heavily tilted toward buyers, even though the token has struggled to build strong upward momentum recently.　　According to Dom, buy orders in $XRPs order book are far larger than sell orders. He said buy-side liquidity in the larger order ranges is almost seven times higher than sell-side pressure.　　While this does not guarantee a price rally, it suggests $XRP may have an easier path upward than downward under current market conditions.　　Key Points$XRP order book on Coinbase is heavily skewed toward buyers, with buy liquidity far exceeding sell pressure.Analyst Dom says buy-side depth is 7x larger, suggesting easier upward moves than downside under current conditions.$XRP trades near $1.20–$1.30 liquidity zone, while price remains mixed despite recent short-term gains.$XLMs 40% rally is fueling speculation $XRP could follow, with targets projected around $1.76–$2 if momentum builds.　　Explaining Order Books　　Dom explained that order books mainly show trader intentions rather than exact predictions of future price movements. However, he said these signals can still be useful.　　He pointed to his earlier bearish Bitcoin call in early 2025, where similar order book data helped support his view before Bitcoin later fell by about 30%.　　Coinbase Order Book Shows Strong Buyer Interest　　A

05-29Exchange

Bitcoin underperforms risk assets as record 9th day of ETF outflows signal waning demand

Bitcoin is stabilizing near $73,500, about 10% below its monthly high of $81,000. Data suggests the stall reflects a shortage of new buyers rather than a plethora of sellers.　　Risk assets broadly advanced after reports that U.S.-Iran negotiations could reopen the Strait of Hormuz, a vital oil passageway, lifted sentiment.　　“The expectations of a de-escalation in geopolitical tension and the normalization of the Strait of Hormuz are reducing pressure on oil prices,” analysts at Spanish lender Bankinter wrote in a market note.　　Against that supportive backdrop, bitcoins weakness looks crypto-specific. Long-term holder supply has reached a record 15.8 million $BTC, according to CryptoQuant, normally a bullish signal because it reflects coins held rather than traded. The firm argued the record may be hollow, reflecting slowing market turnover rather than conviction.　　Short-term holder supply has fallen about 2.2 million $BTC since December. That includes roughly 900,000 $BTC of Coinbase reserves that crossed the 155-day long-term-holder threshold by sitting still. The record is partly an artifact of inactivity, not fresh buying.　　Demand from spot bitcoin ETFs, a key driver of the past two years rally, has cooled. Glassnode said inflows and spot demand remain too weak to sustain a move above cost-basis levels near $78,000. Net outflows

05-29Exchange

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