Latest Crypto News & Market Updates

David Hoffman Reveals Reason Behind Selling Ethereum (ETH)

Ethereum　　David Hoffman Reveals Reason Behind Selling Ethereum (ETH)　　David Hoffman, an Ethereum commentator and co-founder of Bankless, has explained why he sold his ETH holdings, claiming that the long-running ‘ETH is Money’ thesis has essentially come to an end rather than completely failed.　　ETH falling behind Ethereum　　Hoffmans central claim is surprisingly complex. He has become structurally neutral regarding ETH as an asset, but he is still optimistic about Ethereum as a network. He believes that while Ethereum was successful as open infrastructure, the ETH token itself did not directly capture enough value.　　ETH/USDT Chart by TradingView　　Hoffman claims that by putting utility, decentralization, and ecosystem expansion ahead of aggressively maximizing ETHs monetary premium, Ethereum took the hard path. Ethereum is optimized for applications, rollups, stablecoins, and wider network adoption, in contrast to Bitcoin, which is almost solely focused on bolstering BTC as the primary product. Although the ecosystem grew significantly as a result of that strategy, value capture was also dispersed.　　XRP Hits $1.4B in ETF Cash　　Shiba Inu (SHIB) Sellers Exhausted, Dogecoin (DOGE) Zero Addition Question of Time, XRP Recovery Starts: Crypto Market Review　　The dynamics of Layer-1 revenue are among Hoffmans strongest points. He contends that fees, network activity, and burn mechanics are becoming increasingly

05-27Ethereum

Here’s Why Ethereum bears are targeting $1.8K ETH price

Ethereum　　Heres Why Ethereum bears are targeting $1.8K ETH price　　Ether‘s (ETH) price printed a “bear pennant” on the daily chart, a technical chart formation associated with strong downward momentum. Could a weakening technical setup and a decline in total value locked signal the continuation of ETH’s correction to $1,800？　　Key takeaways:Ether is forming a bear pennant on the daily chart, with a potential breakdown to $1,800.ETH price may see further losses if Ethereums total value locked continues to shrink.　　Ether bears eye ETH price “dump” to $1,800　　Ethers 13% drop from its multi-month highs above $2,400 saw it breach a key trend line that has supported the price since early February.　　“ETH is going to dump hard soon？” Chain Mind in a video posted on X, suggesting where ETH/USD might move next after dropping below the ascending trend line.　　“This is the crucial moment for ETH,” Chain Mind said, adding that the price was required to reclaim the support level, otherwise a drop to areas below $1,800 was in the cards.　　Meanwhile, ETHs price has formed a bear pennant chart pattern on the daily chart, as shown below.　　A bear pennant pattern is a bearish setup that forms after the price consolidates inside two converging lines following a

05-27Ethereum

Ethereum must clear $2,500 resistance to confirm recovery: analyst

Meanwhile, Ethereums daily chart shows a developing bearish Adam and Eve structure stretching from April into May.　　The pattern formed after ETH surged vertically toward the $2,420 resistance zone before entering a slower, rounded consolidation phase that later rolled over into renewed selling pressure. The neckline currently sits near the $1,950 support area.　　Ethereum price has formed a bearish Adam and Eve pattern on the daily chart — May 27 | Source: crypto.news　　A confirmed breakdown below that level projects a measured downside target near $1,450 based on the height of the formation.　　Momentum indicators have also weakened. The daily RSI hovered near 37 at press time, remaining below the neutral 50 line after trending lower throughout May. At the same time, the Aroon indicator showed the bearish trend component maintaining dominance, with Aroon Down near 71 while Aroon Up remained pinned near zero during the latest selloff sequence.　　In a May 26 X post discussing Ethereums weekly structure, Martinez warned that the most important support level now sits near $1,850. According to the analyst, a weekly close beneath that level would likely accelerate downside volatility toward $1,560, followed by a possible retest of the lower multi-year range boundary near $1,070.　　“From a purely technical perspective,

05-27Ethereum

Ethereum Price Analysis: Key Levels Saving ETH Coin From CRASH

Crypto Ethereum　　Ethereum Price Analysis: Key Levels Saving ETH Coin From CRASH　　After a brutal multi-week downtrend stemming from the $2,500 region, the Ethereum price is currently trading at $2,075, hovering above the psychologically vital $2,000 baseline.　　The central question is whether the current consolidation is the final pause before a catastrophic $ETH coin crash below $2,000, or a classic liquidity hunt designed to trap short-sellers before a sharp bullish reversal.　　How Other Cryptos Are Performing　　The current weakness in $ETH does not exist in a vacuum; it is part of a systemic pullback visible across the entire crypto ecosystem. Heavy institutional liquidations and spot ETF outflows are weighing heavily on major assets:Bitcoin ($BTC): The premier cryptocurrency has lost its grip on the crucial $76,000 support level, down roughly 1.2% over the last session to trade near $75,800. A multi-day streak of net outflows from major U.S. spot Bitcoin ETFs has dented the near-term bullish momentum for $BTC.Ripple ($XRP): Despite positive fundamental updates to the XRP Ledger (XRPL), $XRP has steadied around $1.32. A failed local breakout keeps the asset locked within a narrowing trading range, closely tracking $BTCs macro pullbacks.Solana ($SOL): Much like $XRP, Solana has faced structural headwinds, sliding down to approximately $84

05-27Ethereum

Ripple Pushes SEC for XRP Equality With Bitcoin & Ethereum

Bitcoin Ethereum　　Ripple Pushes SEC for XRP Equality With Bitcoin & Ethereum　　Ripple Pushes Bold SEC Agenda: Stablecoin Collateral Rules, Zero Haircuts & On-Chain Legal Records Take Center Stage　　Ripples engagement with the SEC Crypto Task Force is emerging as one of the more closely watched policy developments in digital finance in 2026.　　On March 20, 2026, Ripple met with the task force to examine how payment stablecoins and tokenized securities should be treated under existing net capital requirements and customer protection rules, alongside what future regulatory frameworks might look like as tokenization expands into mainstream markets.　　Building on that dialogue, Ripple recently submitted a formal follow-up letter on May 22, 2026, laying out a more aimed at reducing regulatory uncertainty for broker-dealers, custodians, and institutional market participants.　　Whats the core message？ Well, a shift away from legacy, label-based classifications toward a function-based approach that reflects how digital assets are actually used in settlement and liquidity.　　A central pillar of the proposal is the treatment of fully backed payment stablecoins, , as high-quality collateral.　　Ripple argues that when stablecoins are issued under a verifiable mint-and-burn structure with clear backing, they should be treated as cash-equivalent settlement instruments. This would allow institutions to post them as margin without incurring

05-27Ethereum

Phantom Wallet Earns $20.6M as Top Hyperliquid Builder

Phantom, the Solana-native crypto wallet, has emerged as the top revenue earner among Hyperliquids builder ecosystem, generating $20.6 million in cumulative fees, according to a new analysis by CoinGecko. This figure represents 31.8% of the total revenue generated by the top 10 builders on Hyperliquid, a decentralized exchange (DEX) focused on perpetual futures trading.　　Hyperliquid, launched in 2023, operates a high-throughput, on-chain central limit order book (CLOB) optimized for derivatives trading. Its builder program allows third-party apps, wallets, and trading bots to route user trades through its platform, earning fees set independently by each builder. Phantoms 0.05% fee rate, combined with its massive user base of 137,496 individuals, has solidified its dominance in this ecosystem.　　Volume vs. Revenue: Phantom vs. Based　　Interestingly, Phantom‘s $20.6 million revenue came despite processing $39.4 billion in trading volume—less than the $44 billion handled by Based, the second-ranked builder. However, Based’s lower 0.025% builder fee capped its earnings at $15 million. Together, these two builders account for 54.8% of all revenue generated by Hyperliquids top 10 builders, underscoring the outsized influence of fee structures in the competitive decentralized derivatives space.　　Phantom‘s edge isn’t just about fees. With over three times the users of Based (42,579), Phantom benefits from a

05-27Industry

SpaceX Starship IPO timeline: V3 test ahead of roadshow

Tech　　SpaceX Starship IPO timeline: V3 test ahead of roadshow　　SpaceX just gave investors a vivid new image to study ahead of its public offering: a Starship launch. On May 22, 2026, the company flew Starship for the 12th time, sending the first Version 3 configuration up from Starbase, Texas, only two days after putting its IPO prospectus into the market. That timing makes the SpaceX Starship IPO story about more than finance. It ties the companys biggest fundraising pitch directly to its biggest long-term technology bet.　　That connection is hard to miss. A rocket test can look like engineering progress to space fans and a growth narrative to Wall Street at the same time. In this case, the flight did both, giving SpaceX a fresh proof point just as the countdown to its roadshow begins.　　And yet the message is not simple. The V3 flight ended with a splashdown in the Indian Ocean, while full rapid reusability for the new design remains unproven. So the pitch to investors is powerful, but incomplete.　　Flight 12 gave the SpaceX Starship IPO a fresh talking point　　The 12th Starship launch arrived at a moment that appears carefully aligned with SpaceXs IPO timeline. SpaceX launched the first Version 3

05-27Industry

AUD/NZD Peak Risk Builds, Warns Societe Generale

Tech　　AUD/NZD Peak Risk Builds, Warns Societe Generale　　Strategists at Societe Generale have issued a fresh warning on the Australian dollar, pointing to mounting downside risks against its New Zealand counterpart. The analysis, based on chart patterns and technical indicators, suggests that the AUD/NZD pair may be approaching a critical inflection point.　　Technical Signals Flash Caution　　According to the French bank‘s research note, the Australian dollar’s recent strength against the kiwi appears to be losing momentum. The charts indicate a potential ‘peak risk’ formation, a pattern that often precedes a reversal. Societe Generales technical team highlights that key resistance levels are holding, and momentum oscillators are showing early signs of divergence. This technical setup typically warns that the prevailing uptrend in AUD/NZD may be exhausted, opening the door for a move lower.　　Fundamental Pressures Weigh on the Aussie　　The warning comes amid a broader reassessment of the Australian economic outlook. While the Reserve Bank of Australia has maintained a hawkish stance, market participants are increasingly pricing in the possibility of rate cuts later this year. Slowing Chinese demand, a key driver of Australian commodity exports, continues to cast a shadow over the currency. In contrast, the New Zealand dollar has found some support from a resilient

05-27Industry

Chainlink whale accumulation hits record as LINK stays rangebound

Tech　　Chainlink whale accumulation hits record as LINK stays rangebound　　Chainlink whale accumulation is picking up even as LINK price has stayed relatively calm, a combination that tends to catch traders attention fast. New on-chain data from Santiment shows that wallets holding at least 100,000 LINK have climbed to a record high, suggesting large holders kept adding to positions while the market gave away few obvious clues on price.　　That threshold is not small. At current prices, 100,000 LINK is worth roughly $957,000, which means the wallets being tracked sit firmly in whale territory. According to Santiments Supply Distribution metric, there are now 805 of them.　　The timing is part of what makes the data stand out. Over the past seven weeks, the number of these large LINK holders rose 8.2%, even as the token traded in a relatively narrow range. At the same time, data shared by crypto analyst Ali Martinez pointed in the opposite direction for Bitcoin, where whales sold around 18,447 BTC between May 18 and May 21, a stash estimated at about $1.41 billion.　　Chainlink whale accumulation hits a record　　Santiments data shows that Chainlink wallets holding at least 100,000 LINK reached a new all-time high. The analytics firm tracked the move

05-27Industry

Wall Street Climbs as AI Momentum Offsets Middle East Oil Fears

Tech　　Wall Street Climbs as AI Momentum Offsets Middle East Oil FearsAI-driven tech strength keeps Wall Street near record highs despite tensions overall.Oil rebound from Iran strikes revives inflation concerns and market caution global pressure.Crypto markets diverge as AI-linked tokens outperform while others weaken overall.　　Wall Street pushed toward fresh highs as investors balanced renewed Middle East tensions against accelerating enthusiasm for artificial intelligence and corporate earnings growth. Traders returned from the long weekend with cautious confidence, even as oil prices climbed after fresh U.S. strikes in Iran. Strong gains in technology and chip-linked stocks, however, kept major indexes firmly supported.　　The rally reflected a market that continues to favor growth sectors despite geopolitical uncertainty. Investors focused heavily on expanding AI demand, improving earnings expectations, and resilient corporate spending. At the same time, traders monitored diplomatic developments involving Iran and the potential reopening of the Strait of Hormuz, which remains critical for global oil flows.　　The S&P 500 traded near record territory after posting 30 new 52-week highs. Meanwhile, the Nasdaq Composite recorded 128 new highs as technology shares led the session. Advancing stocks outpaced decliners by more than three-to-one on the New York Stock Exchange, signaling broad market participation.　　AI Momentum Powers Technology Stocks　　Technology

05-27Industry

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