Latest Crypto News & Market Updates

5 Ways Crypto Markets Are Pricing SpaceX Before Wall Street Can

Five separate crypto venues are already pricing the SpaceX IPO ahead of its scheduled June 12 Nasdaq debut. Their numbers do not agree. The gap between them is wider than anything traditional brokerage screens will show on listing day.　　The rocket company filed its S-1 prospectus with the Securities and Exchange Commission on May 20, 2026. The filing targets a $1.75 trillion valuation, a $75 billion raise, and a Nasdaq listing under the ticker SPCX.　　Hyperliquid Set the Synthetic Price　　Trade.xyz launched the SPCX-USDC synthetic perpetual on Hyperliquid through the HIP-3 framework on May 18, 2026.　　The contract opened at a $150 reference price, calibrated to a $1.78 trillion valuation. It spiked to $216 within hours before settling at $202.89.　　Now Hyperliquid is giving traders synthetic exposure to SpaceXs implied share price through its new SPCX futures market.　　The day-one print hit $33 million in volume. On May 19 alone, the contract did another $7.1 million. SPCX-USDC confers no ownership of SpaceX shares.　　Traders take long or short positions against an oracle-anchored reference, and funding rates pull the perp toward the oracle when positioning skews.　　HYPE, the native Hyperliquid token, has closely tracked the perp. The token traded at $61.17 as of this writing, up by over 70%

05-26Industry

Intel (INTC) stock hit with major Wall Street downgrade

On the heels of the recent massive rally, Intel (NASDAQ: INTC) stock has received a downgrade from Wall Street, with an analyst citing concerns about its valuation.　　Specifically, INTC was downgraded by Northland Capital Markets from ‘Outperform’ to ‘Market Perform’. The downgrade comes after Intel shares surged almost 500% over the past year, with the equity trading at $119 as of press time.　　The rally has pushed the semiconductor giant into overvalued territory, according to market data cited by analysts. Northland analyst Gus Richard also suspended the firms price target on the technology company.　　While Northland acknowledged that Intel is making measurable progress in its recovery strategy, the analyst warned that the current share price already reflects much of the expected improvement.　　At the same time, Richard expects earnings estimates to rise as demand for server central processing units strengthens in the coming quarters.　　However, Northland projects that overall data center spending could decline in calendar year 2027 as hyperscale technology companies face increasing cash constraints, potentially limiting future growth across the artificial intelligence infrastructure market.　　Under Northland‘s optimistic scenario, Intel’s data center business could expand by 40% in 2027, resulting in earnings of about $3.20 per share. Even with that projection, the stock would still

05-26Industry

New Zealand Dollar: Soft footing into RBNZ decision – BNY

BNYs Bob Savage highlights that the New Zealand Dollar enters the upcoming RBNZ meeting on a weak footing, with a notable lack of recent flows and a large NZD outflow linked to unrolled swap positions. He notes that doubts over the RBNZ rate path and relatively weak NZD carry versus history could see long positions trimmed if growth risks persist.　　NZD pressured by flows and carry　　“NZD heads into tomorrow‘s RBNZ decision on a very soft footing. To make matters worse, there were barely any flows last week; Friday’s outflow was then exceptional at close to -2.5 scored flow. This was the biggest outflow since April 2018, due to a large net long position (in swap) which was not rolled over.”　　“While it did not produce a clear FX impact, the size of the flow is significant and points to a large net exposure reduction. If such positions purely follow developments in rate differentials, it should not come as a surprise if the market is continuing to harbor doubts over the current trajectory of rates.”　　“Although three more are in the price for the rest of the year, increasing hesitation on the RBNZs part could lead to gradual reductions in any existing long positions,

05-26Industry

Abundant Mines Wins Inaugural Satos Award For Mining & Energy

HOOD RIVER COUNTY, Ore. – May 26, 2026 – Abundant Mines, a premium bitcoin mining and energy infrastructure company, was named the recipient of The Satos Award for Mining & Energy, receiving the recognition during the first year of the program. The honor was presented at the Abundant Mines booth during the Bitcoin Conference 2026.　　The Satos Awards is a bitcoin-only awards program celebrating excellence across the bitcoin ecosystem. Nominations and voting were open to the public and determined entirely by the bitcoin community, making this a direct reflection of sector sentiment.　　“Winning a Satos Award in the inaugural year is truly significant to our team because it serves as an acknowledgment directly from the bitcoin community itself,” said Beau Turner, CEO of Abundant Mines. “This honor validates our approach. It also reflects the credibility we have worked so hard to earn from our customers by not only over delivering in our service to them but also by stressing openness, operational distinction, and customer education. This is far more than a recognition of our advancement and infrastructure, it is an affirmation of how we do our business differently in a sector that has struggled with credibility.”　　Over the last few years, Abundant Mines

05-26Industry

Charles Hoskinson goes all-in on Cardano and Midnight after $250 million hospital shutdown

Charles Hoskinson, Cardanos founder, is turning his public focus back to the blockchain network, and Midnight, one of his largest ventures outside crypto, prepares to close.　　The shift comes at a difficult moment for the Cardano founder. His Wyoming health care project is winding down after years of investment, while the blockchain he helped build is facing one of the clearest tests of its new governance model.　　That convergence has pulled Hoskinson back into Cardano‘s political center. He is trying to defend the network’s research culture, reassure a divided community, and build a stronger coordination layer before the next governance cycle hardens the rules of engagement.　　A Wyoming retreat gives the Cardano pledge more weight　　According to a report from the Cowboy State Daily, Hoskinson Health & Wellness Clinic in Gillette, Wyoming, is set to close July 31, ending an attempt to build a more advanced rural health care system in a region where patients often travel long distances for specialty treatment.　　The clinic was built around a broad promise. It aimed to bring modern medical technology, prevention programs, and higher-end providers closer to patients in northeastern Wyoming.　　For Hoskinson, the project also showed a willingness to deploy capital outside the digital asset industry and test

05-26Industry

The Power-Stylist Has Become Fashion’s Latest Must Have

Law Roach has helped turn Zendaya into one of the most compelling fashion narratives of the modern red carpet through “method dressing”, and Harry Lambert has supported Harry Styles with a coveted wardrobe brilliantly bending masculinity, nostalgia and pop stardom into one recognisable visual language.　　That shift is bigger than celebrity dressing. It speaks to a culture in which image now moves at enormous scale: the 2026 Met Gala generated 1.696 billion global video views and 108 million social engagements, numbers that make clear why the stylist now sits much closer to the centre of the frame.　　The stylist was no longer a name buried in credits or whispered about in fashion circles, but part of the narrative itself, shaping not just how a person looks at a particular moment, but how they identify as a living brand.　　WireImage　　A red carpet appearance, a television interview, an airport sighting, a campaign image, a paparazzi shot, a front row, a press tour: all of it accumulates into a visual archive that shapes how a public figure is understood long before they speak.　　Benjamin Ealovega 2024　　Phill Tarling has seen that evolution from inside the room. He began styling in 1997, when the job was barely recognised in

05-26Industry

Back to 81 Trillion Shiba Inu (SHIB)? Worrying Dynamic in Available Sell Supply

The fact that SHIBs chart already appears shaky makes that trend significant. The token is still trading below important moving averages and recently lost support from its rising wedge structure. Momentum indicators are still weak, and attempts to recover resistance in the $0.00000620-$0.00000630 region have repeatedly failed. The RSI is currently close to oversold territory, indicating ongoing bearish pressure without clear indications of a return to accumulation.　　Ripples Schwartz Reacts to Passing of Ondo Finance Founder　　Shiba Inu (SHIB), XRP, Hyperliquid (HYPE) and Bitcoin (BTC) Price Analysis for May 26: Risk Brings Profits　　Growing exchange reserves alone would be alarming. The setup becomes much riskier when coupled with weak price action. Exchange netflows are the first step in the larger breakdown. Inflow metrics have increased significantly despite the fact that overall netflow is still slightly negative. Larger holders may be repositioning coins onto exchanges, as evidenced by recent increases in mean inflows, top-10 inflow transactions, and total exchange inflows.　　card　　That does not necessarily indicate that dumping will occur right away. Wallets occasionally transfer money for internal exchange operations, derivatives collateral, and liquidity management. However, because it increases the liquid supply available for market selling, persistent reserve growth has historically been associated with higher downside

05-26Industry

Stablecoin Market Cap Surpasses FX Reserves of Most Nations

With the majority of trading taking place in dollar-pegged currencies like USDT and USDC, their total market valuation has increased by a factor of multiple in the last few years.This expansion demonstrates the rapidity with which funds are being transferred to blockchain platforms.　　At a record $322 billion, the total market value of stablecoins is more than the foreign currency reserves of 95 nations, including a number of developed nations. Their current market capitalization exceeds that of developed economies like the UK, Canada, and the oil-exporting behemoth UAE, as well as emerging markets like Mexico, Poland, and Thailand.　　Essentially, most countries official foreign exchange reserves—a sovereign safeguard against external economic shocks—now fall short of the total quantity of dollars and other fiat currencies held by users outside of conventional banking channels.　　Signaling the Growing Shift of Capital　　The term “stablecoin” refers to a blockchain-issued tokenized version of a fiat currency. Their value is directly tied to that of the dollar or another major currency like the euro, yen, or Swiss franc. With the majority of trading taking place in dollar-pegged currencies like USDT and USDC, their total market valuation has increased by a factor of multiple in the last few years. This expansion demonstrates

05-26Industry

British Pound: Stabilisation expected with higher gilts – BNP Paribas

BNP Paribas expects the United Kingdom economy to slow in 2026, with growth at 0.7% after 1.4% in 2025 and renewed inflation pressures from the Iran conflict. Monetary policy is projected to tighten by 50 basis points in 2026, keeping 10-year gilt yields elevated. In FX, the bank anticipates GBP/USD stabilising around 1.35 by Q4 2026 and through 2027.　　Pound seen steady versus Dollar　　“Economic activity is expected to slow down in 2026, with growth limited to 0.7% after 1.4% in 2025; following a forecasted +0.4% q/q in Q1, the average quarterly pace would fall to around +0.1%.”　　“This slowdown would occur against a backdrop of renewed inflationary pressures triggered by the war in Iran: inflation would reach 3.6% y/y before easing only gradually to 3.3% y/y in 2027, remaining well above BoEs target.”　　“In this context, and contrary to the initially envisaged easing scenario, monetary policy would shift toward a tightening of 50 basis points in 2026.”　　“10y gilt yields will remain elevated in 2026, before falling to 4.30% in 2027 on reduced net supply, a decline in political risk premia and a market starting to eye BoE rate cuts.”　　“We anticipate stabilisation of the yen and the GBP against the dollar in 2026 (USD/JPY

05-26Industry

StablR freezes USDR and EURR after attacker mints $13.5 million in unbacked tokens

European stablecoin issuer StablR has suspended minting and redemption services for its USDR and EURR tokens after a cyberattack left the assets under-collateralized, according to a company statement.　　Onchain investigator ZachXBT publicly flagged the exploit over the weekend, posting that two contracts tied to StablRs USDR and EURR stablecoins appeared compromised.　　The Malta-based firm said it detected “irregularities” in its systems after internal alerts triggered an investigation.　　StablR froze token operations and asked exchanges to halt trading, deposits and withdrawals for both stablecoins while the company investigates the breach. USDR currently has a $20 million market capitalization, while EURR has a $10 million market cap, according to CoinGecko data.　　StablR acknowledged that the circulating supply of USDR and EURR is “currently not fully backed at the 1:1 ratio” as required under the European Unions Markets in Crypto-Assets (MiCA) regulation.　　The company said it plans to notify Malta‘s financial regulator, the Malta Financial Services Authority, under the EU’s Digital Operational Resilience Act and MiCA reporting rules. External cybersecurity firms and law enforcement agencies are also involved.　　Blockchain security firm GoPlus Security said the attack may have stemmed from a weakness in StablRs Ethereum multisignature wallet setup.　　The minting wallet was configured with a 1-of-3 multisignature threshold, according to

05-26Industry

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