Latest Crypto News & Market Updates

PDD Holdings (PDD) Stock Plunges 10% Despite Revenue Gains as Q1 Earnings Disappoint

PDD Holdings disclosed total quarterly revenue of RMB106.2 billion for the three months ending March 31, 2026. This figure represented an 11% year-over-year improvement compared to RMB95.7 billion recorded in the corresponding period of 2025. Despite this revenue acceleration, profitability metrics disappointed investors and triggered the selloff.　　Net income allocated to ordinary shareholders contracted 15% to RMB12.5 billion for the quarter. The companys non-GAAP net income similarly declined 17% to RMB14.1 billion, down from RMB16.9 billion in the prior-year quarter. This earnings compression overshadowed the positive revenue momentum and drove negative sentiment.　　Diluted earnings per American Depositary Share came in at RMB8.48, representing a decline from RMB9.94 posted in Q1 2025. On a non-GAAP basis, diluted EPS per ADS decreased to RMB9.51 from RMB11.41 year-over-year. The earnings shortfall triggered significant selling pressure on PDD Holdings shares throughout the trading session.　　Topline Momentum Offset by Escalating Operating Expenses　　PDD Holdings demonstrated continued strength in its core revenue streams throughout the reporting period. Transaction services revenue surged 20% to reach RMB56.3 billion, up from RMB47.0 billion in the year-ago quarter. Online marketing services and additional revenue streams contributed RMB49.9 billion to the quarterly total.　　However, the company confronted elevated cost pressures across multiple operational areas. Total cost

05-28Industry

Sen. Lummis Flags Major Risks If CLARITY Act Doesnt Pass This Congress Session

Momentum for the crypto market structure bill is waning in Washington. Thus, Sen. Cynthia Lummis warned that the U.S. software developers would be in trouble again if Congress doesnt approve the legislation this session.　　Senator Lummis Warns On Consequences of CLARITY Act Not Passing　　In a post on X, Lummis wrote, “If the Clarity Act doesnt pass this Congress, American software developers will be targeted again for prosecution in the near future just for publishing code. These are the stakes.”　　Her remarks were made as U.S. Capitol political divisions grow. Moreover, the prospects for the CLARITY Act passing this year are fading, according to TD Cowen analyst Jaret Seiberg.　　Democrats may refrain from supporting the bill if tougher regulations are not added, according to Seiberg. They are increasingly pressing lawmakers to impose such measures on cryptocurrency trading. One idea thats been floated is a proposal to disallow the President, the Vice President and members of Congress from actively trading digital assets.　　The debate around the CLARITY Act may also introduce more scrutiny into the crypto projects connected to President Donald Trump. These include World Liberty Financial, American Bitcoin, and TRUMP and MELANIA meme coins.　　The legislations backers on the Democratic side are hesitant to support the

05-28Industry

Aave Buybacks and DeFi Token Value: What to Know

Reading the market: scenarios for AAVE under different revenue paths　　Because DeFi cycles are intense, consider multiple regimes:Expansion: Rising risk appetite lifts borrow demand, and stablecoin strategies deepen liquidity. If surplus grows, buybacks or staking incentives may scale. The market could price in a more durable revenue base.Plateau: Usage levels off; governance maintains conservative reserves with modest or paused buybacks. Token value may track broader crypto beta and narratives rather than cash-flow multiples.Contraction: Leverage unwinds, fees compress, and liquidations wobble. Safety Module coverage and treasury buffers take priority, crowding out token-directed programs until conditions normalize.　　Investors should avoid extrapolating a single quarters surplus into perpetuity. In practice, DAO policies adapt, and the same governance that approves buybacks can re-route funds if risk rises.　　Trade-offs and considerations specific to Aave　　Aaves scale and multi-chain footprint create both advantages and complexities when evaluating buybacks:Risk-first design: The Safety Module and conservative risk parameters can limit blowups but may also cap aggressive growth incentives in tougher markets.Cross-market fragmentation: Revenue accrues across networks; bridging and execution add cost/complexity for any program that needs consistent cadence.Oracle and liquidation sensitivities: Rapid market moves stress oracles and liquidations; in such windows, treasuries often prioritize stability over buybacks.GHO feedback loops: GHO adoption could

05-28Industry

Crypto Industry Pushes Back as Elizabeth Warren Questions Ripples Banking Charter

A new clash has emerged between the crypto industry and Senator Elizabeth Warren over the approval of federal trust bank charters for several major digital asset firms, including Ripple.　　The debate began after Warren sent a letter to the Office of the Comptroller of the Currency (OCC), raising concerns that recently approved trust charters may not comply with the National Bank Act. Her criticism targeted crypto-focused companies such as Ripple, Circle, Paxos, BitGo, Coinbase, and Fidelity Digital Assets, which have either received conditional approvals or are seeking federally regulated trust bank status.　　Warren argued that these firms appear to be engaging in activities similar to those of traditional banks without being held to the same regulatory standards. She also questioned whether some companies accelerated their charter applications following the passage of the $GENIUS Act, which established a federal framework for stablecoin issuers.　　Crypto Industry Defends OCC Decision　　The crypto sector was quick to respond. Crypto Dyl News highlighted Warren‘s reported request for Ripple to provide confidential documents related to its charter application, arguing that the move came after the OCC had already reached its decision. The post claimed Ripple’s approval marks an important step toward integrating the company and its $XRP ecosystem into the

05-28Exchange

‘You Know What Happens Next’: Bitcoin Volatility Warning Sparks Attention

Bitcoins aggregated open interest in the futures market rebounded sharply, returning toward 268,600 contracts.The eight-hour weighted funding rate averaged a positive 0.0085%, reflecting strong leveraged optimism in long positions.U.S. spot Bitcoin exchange-traded funds (ETFs) recorded net capital outflows of $700 million per day.　　The surge in leverage has created a complex scenario in the crypto market, further complicated by rising retail speculationand aggressive selling in the spot market. In a landscape ruled by uncertainty, the Bitcoin volatility warninghas captured traders attention as they closely monitor derivatives behavior to anticipate the next price movements.　　$BTC is going down.　　OI is going up.　　Funding is going up.　　Coinbase Premium is negative.　　You know what happens next. pic.twitter.com/wXNzus7MXR　　— Ted (@TedPillows) May 27, 2026　　Recently, the crypto analyst known as Tedpointed to several derivatives indicators that suggest a risky outlook for the pioneering crypto‘s price. According to the specialist’s report, the asset has posted lower highs and lower lows on its one-hour chart, a technical pattern that coincides with its recent drop below the $75,000 level.　　This technical decline comes amid heavy speculative activity within futures exchanges. Market data indicates that aggregated open interest rebounded sharply toward 268,600 coins, signaling a massive influx of new positions that fuels price fluctuations.　　The Disconnect Between

05-28Exchange

Ethereum Bull David Hoffman Shares Why He Sold His ETH

Hoffman, a long-time Ethereum bull who has written extensively on investment cases for Ether, announced selling his entire ETH holdings, the value of which he did not disclose, last Thursday.　　He said that Ethereum is a “giver, not a taker,” providing secure blockspace and tokenization at cost while the blockchains layer-2 networks capture most of the fees and benefit.　　“Ethereum takes no markup for anything it does. This is the nature of open source software, and this is the power of Ethereum. Ethereum supplies its full set of incredibly important values to the world… at cost.”　　Hoffman reiterated that he is “massively bullish” on Ethereum, expecting that the network will do “exceptionally well from here on out,” but only a “marginal amount” of that success will be reflected in its token.　　Hoffmans sale saw mixed reactions from ETH backers, with Bankless co-founder Ryan Sean Adams saying it was the “end of an era.”　　Former Ethereum core developer Eric Connor said he didnt really blame Hoffman because ETH has “grossly underperformed the general crypto market for many years now.”　　He attributed the lag mainly to selling pressure from the large number of millionaires created during its explosive early run-up rather than fundamental protocol shortcomings.　　“At the end of

05-28Ethereum

At-Home Care Devices May Make Pediatric Emergencies Easier To Deal With

Earlier this month, a children‘s hospital in LA launched a new program for at-home asthma monitoring using a wearable smart stethoscope device that enables doctors to virtually and remotely keep track of pediatric breathing metrics. The device provides physicians the ability to remotely listen to lung sounds and rapidly assess if a child’s asthma symptoms are progressing, so that escalation in care pathways can be determined. The device is only the size of a coin, and can be worn all day to ensure continuous monitoring. Programs like this are massive boons to parents who are often stranded without pediatric advice in between their hospital visits. According to the World Health Organization, asthma affects nearly 363 million people worldwide, and causes more than 440,000 deaths annually. A large portion of these statistics is children, as asthma can escalate from benign to extremely severe often within a very short window of time.　　For parents, pediatric illnesses can be devastating, as they often have to rely on emergency nursing or on-call physician lines, or go to the emergency department, which frequently have hours-long wait times. Therefore, devices like this can significantly help improve quality of life for both child and parent by acting as

05-28Industry

Are Bitcoin Long‑Term Holders Squeezing Supply?

What a Tight Float Means for Different PlayersFor traders　　A thinner float can translate into faster moves and more slippage. Executing with limit orders, splitting tickets, and avoiding illiquid hours can reduce impact costs. Watch liquidity metrics in addition to price—depth at 1%–2%, spread widths, and order book imbalance often reveal more than candles.　　For investors　　Dollar-cost averaging and rebalancing discipline help when supply is tight and volatility elevated. If your thesis is multi-year adoption, probability-weight scenarios and size positions so that drawdowns are tolerable. A supply squeeze can lift price, but it can also reverse as LTHs distribute into strength.　　For miners　　Post-halving, miners face lower issuance and may rely more on fees or financing. Hedging with options or forward sales can smooth cash flows. Be mindful that aggressive treasury sales during stress can coincide with thinner liquidity, widening the price impact of your own flows.　　For institutions and ETFs　　Creation/redemption mechanics help align ETF share supply with underlying bitcoin, but intraday execution still meets market liquidity. Coordinating creations, using algos, and working with multiple liquidity providers can reduce tracking error when the float tightens.　　Case Studies from Prior Cycles　　While each cycle differs, a few recurring patterns are instructive:Late 2016–2017: Exchange balances were smaller and retail demand

05-28Industry

Iran’s IRGC: Any further US attacks would trigger a more decisive response

Market reaction　　Risk sentiment has taken a fresh hit following these headlines, with the US S&P futures erasing modest gains. The US Dollar Index extends gains to near 99.50, while WTI jumps toward $91, up 2.35% so far.　　Risk sentiment FAQs　　In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest.　　Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.　　The Australian Dollar (AUD),

05-28Industry

New Zealand Dollar drops after NZ budget announcement

The New Zealand Dollar (NZD) drops to near 0.5883 against the US Dollar (USD) during the Asian trading session on Thursday, following the New Zealand (NZ) budget 2026 announcement. The Kiwi pair edges down even as the nations Debt Management Office (DMO) has reduced its gross bond issuance plans for four years to June 30, 2030 to NZ$124 billion from NZ$130 billion forecasted in December, which diminishes fears of widening fiscal concerns.　　For the current year, DMOs plans to issue NZ$34 billion worth of bonds remain unchanged with the December forecast.　　However, the broader outlook of the antipodean has improved as prospects of the Reserve Bank of New Zealand (RBNZ) raising interest rates in the July meeting have increased after a “hawkish hold” on Wednesday.　　Markets quickly nudged up the probability of a quarter-point increase in July to around 75%, and saw rates reaching 3.0% by years end, Reuters report.　　On Wednesday, the RBNZ left its Official Cash Rate (OCR) steady at 2.25%, as expected, but expressed the need to tighten monetary conditions amid rising inflation. “Committee sees inflationary pressures going forward, agrees cash rate needs to be higher going forward,” RBNZ Governor Anna Breman said.　　Meanwhile, the US Dollar trades sharply higher on renewed

05-28Industry

...

301303

...

1000