Latest Crypto News & Market Updates

XRP Capitulation Zone? Data Shows Average Wallet Down by 47%

Despite the major price drop that has seen XRP lose over half its market value since last summer, patient investors still have optimism surrounding regulatory progress, ETF speculation, and Ripples long-term adoption narrative.　　XRP rallied significantly in late 2024 and early 2025, which left many traders buying near local tops before momentum cooled off. But since then, repeated selloffs have pushed many short-term holders deeply underwater.　　XRP news　　The Fix amendment in XRP Ledger version 3.1.3, fixCleanup3_1_3, a collection of fixes for NFTs, Permissioned Domains, Vaults, and the Lending Protocol has just been activated.　　The XRP Ledger Foundation published a new XRP Ledger Standard for AMM v2. New pool curves StableSwap and Concentrated Liquidity increase capital efficiency and stabilize pricing for stablecoins, FX markets, RWAs and beyond on the XRPL DEX.

05-27Industry

Ripple Ex-CTO David Schwartz Criticizes S&P 500 Investment Advice

Ripples former chief technology officer, David Schwartz, pushed back at viral advice urging retail investors to put spare cash into the S&P 500 at record levels, rejecting the logic with a sarcastic three-step formula.　　The post, published by a user on X, drew nearly five million views, urging followers to invest as little as $5 in the index fund while citing all-time highs as a reason to act.　　Schwartz Questions S&P 500 Buy-High Logic　　Schwartz, known on X as @JoelKatz, replied with a blunt three-step breakdown. It laid bare the missing reasoning behind the original post.　　1) Buy high.　　2) ？　　3) Profit.　　— David ‘JoelKatz’ Schwartz (@JoelKatz) May 26, 2026　　The question marks in step two deliberately highlight what the advice omits. There is no explanation for how buying at a peak translates into profit.　　The user framed the post as simple, accessible guidance for everyday investors. The message spread widely but drew pushback from those skeptical of momentum-driven entry points.　　The S&P 500 has been trading near record levels throughout 2026. It neared an all-time high following a $6 trillion rally in just 10 days. Early recovery signals from earlier in the year helped fuel the run that pushed the index to new peaks.　　Buying at record prices carries

05-27Industry

Swedish Krona: SEK resilience under Iran risk – Commerzbank

Finance　　Swedish Krona: SEK resilience under Iran risk – Commerzbank　　Commerzbank‘s Antje Praefcke highlights Riksbank member Per Jansson’s argument that weaker demand, higher policy rates and softer inflation allow Sweden to wait and see despite the Iran-related energy shock. She sees limited need for repricing, little downside for the Krona on a conflict resolution, and expects SEK to defend recent gains and trend slightly stronger versus the Euro.　　Limited downside seen for krona　　“Certainly, some correction in the SEK is possible should a solution be found to the Iran conflict. Nevertheless, Sweden stands out from many other countries: falling and very low inflation rates in recent months have not led to a significant rise in expectations of interest rate hikes – the market only sees a possibility, starting in the fall, that the Riksbank might raise the policy rate before the end of the year.”　　“Accordingly, I see little need for a correction and thus little downside potential for the krona in the event of a resolution to the Iran conflict (with falling energy prices); after all, there is almost nothing to price out.”　　“The economy remains relatively resilient, and the comparatively high real interest rate should also support the krona. While the krona has likely

05-27Industry

First US-listed Solana treasury firm moves and protects executives

After losing 90% of its stock price over the past year, the first US-listed Solana (SOL) treasury company, DeFi Development Corp, filed a clever maneuver yesterday. Relocating from Delaware to Nevada, it is now much harder to fire members of its Board of Directors.　　In a new SEC filing yesterday, the once-$600 million, now-$118 million company bolted from Delaware to Nevada without a full shareholder vote. It simply informed minority stockholders of the decision by its ‘Special Committee’ and majority stockholders.　　“YOUR VOTE OR CONSENT IS NOT REQUESTED OR REQUIRED,” the company informed common shareholders in all caps.　　Importantly, its new Nevada charter raises the bar for shareholders to remove directors who have presided over the companys 90% decline over the past 52 weeks.　　Insiders controlling 81.79% of voting power authorized the move. Most shareholders found out by reading the SEC filing.　　As one explanation for the move, the Board of Directors literally cited litigation risk. “Our Board also considered the increasingly active litigation environment in Delaware, where well-funded plaintiffs firms have brought a greater frequency of opportunistic claims against corporations and their directors and officers, creating unnecessary distraction and costs,” it admitted plainly.　　It also claimed Nevada taxes would be lower than in Delaware and

05-27Industry

New Zealand Dollar rallies after RBNZ delivers hawkish hold amid softer US Dollar

On the daily chart, NZD/USD holds a modestly bullish near-term bias as spot climbs above both the 50-day Simple Moving Average (SMA) at 0.5854 and the 100-day SMA at 0.5891.　　The Relative Strength Index (RSI) is around 52 points to neutral-to-firm momentum, while the Moving Average Convergence Divergence (MACD) line holds slightly below zero, hinting that upside momentum remains tentative for now.　　On the topside, initial resistance is located at the horizontal barrier near 0.5930, ahead of a more significant cap around 0.6000.　　On the downside, immediate support is seen at the 100-day SMA around 0.5891, followed by the 50-day SMA at 0.5855, while a deeper pullback would likely look toward the 0.5800 horizontal level as a more substantial floor.

05-27Industry

OP Price Prediction: Sub-$0.10 Capitulation Looms as Layer-2 Euphoria Fades

Market Context: Why OP is Moving Now　　The Layer-2 narrative that once propelled Optimism to multi-dollar highs has lost its punch. Trading at $0.13, OP sits 38% below its 200-day moving average of $0.21, signaling a sustained downtrend that retail hasnt fully capitulated from yet. The modest 1.88% daily bounce feels more like a dead cat bounce than genuine buying pressure, especially with volume remaining anemic at just $2.76 million on Binance.　　What‘s driving this weakness isn’t just broader crypto malaise—it‘s the reality that Layer-2 tokens face constant selling pressure from ecosystem participants and validators. Blockchain.news has tracked this pattern across multiple L2 projects, where utility doesn’t immediately translate to token appreciation.　　Indicator Alignment　　The technicals paint a picture of indecision masking underlying weakness. With RSI at 47.26, momentum sits in no-man‘s land, but the MACD histogram flat at zero shows buyers have completely lost conviction. More telling is OP’s position within the Bollinger Bands at just 0.32—this token is hugging the lower band like a desperate climber losing grip.　　The moving average structure tells the real story: price trades below the 20-day ($0.14) and dramatically below the 200-day ($0.21). When short-term averages start rolling over below longer-term ones, technical traders know what comes next.

05-27Industry

Bitcoin Power Law Model Sees BTC Fair Value Above $163K

The lower red support band historically marked deep bear market bottoms. The upper purple resistance line aligned closely with previous cycle blow-off tops.　　The model assumes Bitcoins price growth follows a slowing but persistent adoption curve. Under that framework, volatility remains normal as long as the price stays inside the long-term channel.　　Burnett argued that Bitcoin could eventually rise toward $1.5 million over time if the power law trend continues to hold across future cycles.　　The projection comes as Bitcoin remains roughly 30% below previous highs and continues to struggle to fully regain momentum above the $80,000 region.　　Supply Pressure Continues Near $77K to $85K　　As per CoinMarketCap, Bitcoin recently rallied toward $82,000 before quickly reversing back toward the mid-$70,000 range. Analysts tracking on-chain flows say large amounts of older supply are still hitting the market.　　Galaxy Digital research head Alex Thorn said roughly 4.45 million BTC likely changed hands since the October 2025 flash crash. A large portion of that supply reportedly came from holders who originally bought Bitcoin above $103,000.　　Another 1.6 million BTC reportedly came from coins that last moved below $66,000, including roughly 237,000 BTC dormant since before the 2022 FTX collapse. Analysts said the continued movement of older coins suggests persistent sell-side

05-27Industry

Hungarian Forint: Rate-cut path but FX view constructive – ING

Finance　　Hungarian Forint: Rate-cut path but FX view constructive – ING　　INGs Frantisek Taborsky reports that the National Bank of Hungary held its base rate at 6.25% but signalled a dovish shift, with June cuts fully priced and markets now seeing a terminal rate near 5.25%. He expects a 25bp cut in June and possibly more, yet remains positive on the Forint, targeting EUR/HUF at 350 by mid-year.　　NBH opens door to gradual easing　　“The National Bank of Hungary held the base rate at 6.25% , matching expectations. Although we were confident in our prediction this time, we have many questions going into the June rate-setting meeting.”　　“Although a rate cut for June was already fully priced in before the meeting, there was a risk the NBH could push back against these expectations. Yesterdays meeting rather confirmed the market pricing for June and gives the green light for pricing more rate cuts over the course of the year.”　　“After the meeting, the market prices the terminal rate somewhere around 5.25% if we assume a return of the BUBOR premium to positive numbers, implying 100bp of easing from the current 6.25%.”　　“In our view, a persistent easing of risks, stabilisation of the forint, and yields at a favourable

05-27Industry

Solana Price Prediction: SOL Eyes Escape From Long Range

Tech　　Solana Price Prediction: SOL Eyes Escape From Long Range　　Solana has stayed locked between $76 support and $98 resistance for more than 110 sessions. Analysts say SOL still refuses to break lower, but buyers need a clean move above the upper range to confirm a breakout.　　Solana Price Holds Mid-Range as SOL Refuses Lower Move　　Solana is holding near the middle of its daily range after repeated attempts to push lower failed, according to a chart shared by James on X.　　The analyst said SOL is “refusing to go lower” while staying close to the range midpoint. He added that a move higher from this area would put pressure on bearish positions.　　Solana Range Chart. Source:　　The chart shows SOL trading inside a wide range after a sharp drop earlier in the year. The lower boundary sits near $76.56–$77.62, while the upper boundary stands near $97.90–$98.35.　　SOL is now moving near the middle of that range, around the $85–$87 zone. This area has acted as a balance point several times, with price moving above and below it without a clear breakout.　　The setup shows buyers defending the lower part of the structure. SOL has not returned to the range lows, even after recent selling pressure.　　If SOL moves higher

05-27Industry

AutoZone stock on pace for worst trading day since May 2022

Auto parts stocks　　Wall Street analysts also questioned executives Tuesday about continued pressures on the business from inflation, energy costs and potential supply chain disruptions caused by the Iran war, specifically possible shortages of motor oil.　　AutoZone executives said they expect inflationary pressures to continue but be “slightly muted” due to year-over-year comparisons. They also werent overly concerned about potential problems with supplies of lubricants such as motor oil that are reportedly impacting dealer operations at and Nissan Motor.　　“The issue around lubricants, I know there‘s a lot of noise out there. We’re going to leave that up to the oil specialists to really say what that means. We think there‘s probably going to be some constraints, but we don’t think that its going to be that material,” Daniele said.　　Automotive website The Drive reported both and Toyota have recently issued service bulletins to dealers with instructions on rationing motor oil stocks due to an impending shortage.　　A Toyota spokesman said the company has “nothing more to add on this issue at this time.” A spokeswoman for Nissan said the automaker “is navigating supplier constraints affecting lubricant availability.”　　“Currently, we are maintaining current pricing and have implemented temporary allocation measures to help ensure consistent supply across

05-27Industry

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