Latest Crypto News & Market Updates

Sui Network Hit by Fresh Outage Months After Previous Six-Hour Downtime Incident

Sui experienced its second network stall in five months on May 28.　　Sui Network has restored operations after a disruption that kept its blockchain offline for nearly six hours on Thursday.　　The Layer 1 network said the issue was caused by a bug tied to its recently released 1.72 update, which specifically affected the gas charging logic.　　Recurring Network Issues　　In a post on X, the team behind Sui confirmed that activity on the mainnet had resumed and added that a detailed incident review would be released in the coming days. Earlier during the outage, the project warned users that the network was experiencing a stall and that transactions were paused until a solution was deployed.　　According to the networks status page, the disruption lasted for 5 hours and 55 minutes. Although the blockchain has resumed functioning, validators on the Sui mainnet are still marked as operating under “degraded performance.”　　This isn‘t Sui’s first outage. In fact, in January this year, the network suffered another downtime event that lasted more than six hours. A separate disruption also occurred in November 2024, which was linked to a bug in transaction scheduling logic that caused validators to crash and ended up halting transaction processing across the network.　　Price Performance　　Suis

05-29Industry

Standard Chartered Maintains $40K Ethereum (ETH) Target Despite 60% Price Decline

By contrast, Bitcoin has experienced a comparatively modest 42% drawdown from its record peak near $126,000, currently settling around $72,800. According to Standard Chartered analysts, this performance disparity lacks fundamental justification.　　The financial institution‘s research team drew parallels between Ethereum’s current state and Amazons circumstances following the 2001 dot-com bubble burst. When Amazon stock plummeted 94%, founder Jeff Bezos highlighted that underlying business fundamentals remained strong. Standard Chartered contends Ethereum faces a similar disconnect — depressed pricing amid expanding network utilization.　　During Q1 2026, Ethereum validated more than 200 million transactions, establishing a new quarterly benchmark. The platforms DeFi ecosystem maintains between $43B and $45B in total value locked, representing over half of global decentralized finance liquidity.　　Network Fundamentals Versus Market Valuation　　Standard Chartered researchers emphasized that ETH possesses “significant scope” to align with robust internal performance indicators. Stablecoin transfers comprise 33% of all Ethereum transactions year-to-date, with projections suggesting continued expansion.　　The Ethereum Foundation recently unveiled forthcoming “economic zone” functionality scheduled for summer deployment. This infrastructure enhancement aims to facilitate seamless asset portability across Layer 2 networks and sidechains built atop Ethereum.　　Approximately 36 million ETH — constituting roughly 30% of circulating supply — remains secured in staking protocols. This substantial lockup reduces available market

05-29Ethereum

Crypto Market Recovery or Crash as $7.5B Bitcoin, ETH, XRP Options to Expire Today?

Bitcoin Crypto Ethereum　　Crypto Market Recovery or Crash as $7.5B Bitcoin, ETH, XRP Options to Expire Today？　　Crypto market crash stalled and stocks gained higher after the US-Iran ceasefire was extended to another 60 days, with traders eyeing recovery. Bitcoin (BTC), Ethereum (ETH), and XRP are rising amid buy-the-dip action, but $7.5 billion in monthly crypto options are expiring today.　　Market uncertainty increased amid mixed sentiment, with US PCE inflation coming in hot at 3.8% in line with estimates by JPMorgan, UBS, and Wall Street giants. Bullish technical patterns are forming Bitcoin and Ethereum charts. Meanwhile, XRP price jumped above $1.30 amid massive buying.　　Long and short liquidations remain balanced, which means traders will determine short-term market direction. Will the crypto market recover or crash further amid mixed sentiment？　　$6.2B in Bitcoin Options Expiry, Crypto Market Recovery or Crash Ahead？　　After the PCE data confirmed that inflation increased in the United States, crypto traders are watching todays monthly crypto options expiry.　　Deribit data shows more than 84K Bitcoin options contracts with a notional value of $6.2 billion are to expire on May 29. The put/call ratio is 0.84 and 24-hour call volume is also higher than put volume, signaling bullish sentiment.　　Moreover, the max pain price is at

05-29Ethereum

Standard Chartered Compares Ethereum Slump to Amazon’s 2001 Crash

Ethereum　　Standard Chartered Compares Ethereum Slump to Amazons 2001 CrashStandard Chartered compared Ethereums current price weakness to Amazon during the 2001 tech crash.Geoffrey Kendrick said Ethereums internal metrics continue improving despite ETHs sharp decline.The bank maintained ETH targets of $4,000 by end-2026 and $40,000 by end-2030.　　Ethereum‘s price decline does not match the strength of its network activity, according to Standard Chartered. The bank compared ETH’s recent weakness to Amazon during the 2001 dot-com crash, when the stock fell sharply while internal business metrics kept improving.　　Notably, Standard Chartered‘s Geoffrey Kendrick said ETH may eventually catch up to Ethereum’s internal metrics. The bank kept its long-term price targets unchanged, even after ETH fell sharply from its August 2025 high.　　Standard Chartered Sees Amazon Parallel　　Standard Chartered said Ethereum‘s recent underperformance does not reflect the network’s improving fundamentals. Kendrick compared ETH to Amazon after the 2001 tech bubble burst, citing Jeff Bezoss point that a stock can fall even while a business improves internally.　　According to The Block, ETH has dropped about 57% from its August 2025 high to roughly $2,000. The ETH-BTC ratio has also fallen about 37% over the same period. However, Kendrick said Ethereums transaction count and total value locked in ETH terms remain

05-29Ethereum

Ethereum Retail is in Mood to Buy the Dip as ETH Price Slips Under $2K

Ethereum　　Ethereum Retail is in Mood to ‘Buy the Dip’ as ETH Price Slips Under $2K　　Ethereums native token, Ether (ETH), slipped below $2,000 for the first time since March, but retail traders have not reacted with panic yet.　　Key takeaways:Ethereum retail data shows rising “buy the dip” sentiment, which may lead to more downside ahead.Macro data, such as ETF net flows and whale behavior, show institutions are selling ETH.　　Retail FOMO warns of further ETH price dips　　As of Thursday, “buy the dip” calls on social media were surging after ETH lost the key psychological support level, according to data resource Santiment.　　That suggests retail traders are treating the decline as a discount opportunity rather than a warning sign.　　Historically, excessive crowd optimism after a sharp drop can signal more downside ahead, as retail sentiment often peaks before prices stabilize. A stronger contrarian buy signal may emerge only when FOMO fades and panic takes over.　　“There will be an opportunity to buy Ethereum, but ideally you will want to wait for the majority to cool down their FOMO and begin to show panic,” Santiment said in a Thursday post, adding:　　“This way, you will be buying while there is true blood in the streets.”　　Institutional selling is overpowering bullish

05-29Ethereum

CFTC Moves to Drop Gemini Restrictions in Case It Says Shouldn’t Exist

Tech　　CFTC Moves to Drop Gemini Restrictions in Case It Says Shouldnt Exist　　The Commodity Futures Trading Commission (CFTC) brought its effort to unwind parts of the Gemini case to federal court on May 27, joining the company in a motion to remove remaining restrictions tied to the long-running action against Gemini Trust Company LLC. The agency asked the court to vacate prospective provisions linked to a January 2025 consent order after concluding the original complaint should not have been filed under current standards.　　The federal agency said the review covered the investigation‘s history, litigation strategy, evidentiary record, and broader digital-asset enforcement policy changes across government agencies. The case began in June 2022 in the U.S. District Court for the Southern District of New York and centered on allegations that Gemini made false or misleading statements during a registration process connected to a futures product. The CFTC stated that Gemini had already satisfied the settlement’s $5 million civil monetary penalty, leaving only the consent orders prospective provisions for the court to consider. The regulator stated:　　“The CFTC concluded the complaint should not have been filed — and would not have been under current enforcement standards.”　　The CFTC also outlined several internal concerns uncovered during the

05-29Industry

Netflix Stock Analysis: 3 Levels That Could Shift NFLX

NFLX — daily chart with candlesticks, EMA20/EMA50 and volume.Netflix Stock Daily Technicals: Trend Still Down　　On the daily chart, price remains below the 20-day EMA at 89.09, the 50-day at 91.16, and the 200-day at 97.64. That alignment keeps trend pressure to the downside. RSI14 sits at 37.99. Momentum is weak rather than exhausted.　　The MACD line is -1.61 versus a -1.74 signal, leaving a small positive histogram of 0.12. Selling is easing modestly, yet a reversal is not confirmed.　　Bollinger Bands center on 88.48 with a lower band near 84.70. Closing near the lower half implies persistent distribution. ATR14 is 2.27, so daily ranges remain wide enough to punish tight stops.　　The daily pivot is 86.33, with R1 at 87.07 and S1 at 85.62. Settling right on the pivot underscores a fragile balance around this level.　　Fundamentals Versus Price Action　　Meanwhile, for Netflix Stock, headlines skew constructive on fundamentals. Recent pieces cite an advertising ramp and stronger free cash flow, even as shares are down 25.42% year over year and 5.5% year to date. The tape, however, still demands proof via the averages.　　Hourly Chart: Intraday Trend Confirms Weakness　　On the 1-hour chart, price sits below the 20-, 50-, and 200-hour EMAs at 87.12, 87.79, and 90.19.

05-29Industry

Crypto Infrastructure Is Becoming Essential for Global Events

Crypto　　Crypto Infrastructure Is Becoming Essential for Global Events　　Blockchain technology is playing an increasingly large role in how businesses conduct commerce around the world. What originally started off as a new and exciting way to make payments has now evolved into a viable and reliable means of conducting transactions for companies doing business in multiple countries. This rapid change was most recently exemplified by the partnership formed between SiGMA World and XBO.com to establish a crypto infrastructure for mainstream use within traditional commercial settings.　　SiGMA World has developed itself into one of the leading event organizers in the gaming, emerging technology, fintech, and digital innovation industries with their extensive lineup of international conferences and trade shows that take place throughout Europe, Asia, Africa, and the Middle East. Based on the data supplied by SiGMA World, their summits host over 10,000 delegates, investors, exhibitors, and executives from all over the world on a yearly basis. The scale of these events results in a tremendous amount of complexity related to payment processing through international banking systems, currency exchange rates, and cross-border settlement.　　One of the major developments announced recently is the integration between SiGMA and XBO.com, which now serves as the Official Exclusive Crypto Payment

05-29Industry

ATOM Price Prediction: $2.32 Target Hinges on Critical $2.20 Breakout

The Current Technical Picture　　Cosmos dropped 7.16% in brutal selling that pushed price from $2.26 highs down to current levels at $2.07. The MACD histogram has flattened at zero while maintaining bullish momentum signals underneath, suggesting consolidation rather than capitulation. This pattern typically precedes significant directional moves.　　The RSI at 53.35 sits in neutral territory—neither oversold nor overbought. This dead-zone positioning often marks accumulation phases before breakouts. Trading volume patterns show consistent institutional flow, with Blockchain.news tracking data indicating smart money positioning for potential upside moves.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full ATOM price, calculator & analysis　　Critical Support and Resistance Zones　　ATOM is compressed between its 20-day SMA at $2.06 and 7-day SMA at $2.11, creating a tight trading range. The Bollinger Band position at 0.57 places price slightly above the middle band, with room to test the upper band near $2.19.　　The 50-day SMA at $1.94 converges with major support at $1.93, forming a critical floor. Any break below this level invalidates the bullish structure and opens the door to deeper declines. Immediate resistance sits at $2.20, followed by the primary target zone at $2.32-$2.33. The 200-day SMA at $2.09 provides dynamic

05-29Industry

Dogecoin Price Prediction: Can DOGE Avoid a Break Below $0.10?

Tech　　Dogecoin Price Prediction: Can DOGE Avoid a Break Below $0.10？　　as weekly support and a long term Fibonacci cycle setup put DOGE back in focus. Two charts from Surf and Javon Marks show DOGE holding a key support area while analysts watch whether past alt season patterns repeat.　　Dogecoin Price Tests $0.10 as DOGE Weekly Support Comes Into Focus　　Dogecoin is trading near $0.10 on the weekly chart as trader Surf points to a long term trend structure that has guided DOGE price action since the 2021 cycle high.　　The chart shared on X shows DOGE moving around several descending trend lines drawn from the 2021 peak. Surf wrote, “Reading swell direction,” pointing to the fan structure and the way price has reacted near each diagonal level.　　Dogecoin Weekly Chart. Source:　　The chart shows Dogecoin holding near the lower part of its current weekly range after falling from the 2025 high area. DOGE previously failed to hold momentum above the $0.30 zone, then moved lower toward the $0.09 to $0.10 area.　　The current weekly candle shows DOGE near $0.100101, with the weeks low around $0.096437. This places price close to the diagonal support area marked on the chart.　　The main level in focus is the $0.095 to $0.10

05-29Industry

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