Latest Crypto News & Market Updates

UN Sees Ripple & Stellar as Future Financial Rails

Tech　　UN Sees Ripple & Stellar as Future Financial Rails　　UN Digital Finance Vision Puts Ripple & Stellar at the Core of a New Interoperable Global Payment System　　The resurfacing of a United Nations–linked webinar has renewed discussion across the crypto sector, after it appeared to position Ripple and Stellar within a broader vision for the future of global payments.　　Hosted by the United Nations Capital Development Fund and recently brought back into light by crypto researcher SMQKE, the what officials described as an open and regulated payment internetwork.　　Notably, the concept centers on connecting banks, fintechs, mobile money providers, card networks, and blockchain systems into a single interoperable financial ecosystem.　　What drew the most attention was the inclusion of Ripple and Stellar in a global payments architecture diagram alongside established players such as SWIFT, Visa, and Mastercard.　　Rather than presenting blockchain as a replacement for traditional finance, the framework , positioning digital asset networks as complementary layers that can integrate with existing financial infrastructure.　　How Tokenized Compliance Fits into the Picture　　A major theme in the webinar was tokenized compliance, referring to the idea of embedding regulatory rules directly into programmable payment systems.　　In this model, identity checks, transaction monitoring, and settlement conditions can be automated on-chain, potentially reducing

05-23Industry

German Lawmakers Reject Green Party Push to Tax Long-Term Crypto Gains

Crypto　　German Lawmakers Reject Green Party Push to Tax Long-Term Crypto GainsGermany‘s Finance Committee rejected the Green Party’s crypto tax proposal.Current rules keep private crypto gains tax-free after a one-year holding period.The CDU/CSU said the bill would tax crypto differently from gold and foreign currencies.　　Germany‘s Finance Committee has rejected a Green Party proposal that would have ended the country’s one-year tax exemption for crypto assets. The decision keeps the current rule in place, allowing private investors to sell Bitcoin and other cryptocurrencies tax-free after holding them for more than 12 months.　　The proposal from Bündnis 90/Die Grünen failed after most factions opposed or delayed support. Only Die Linke backed the bill while also warning that the draft carried administrative problems and lacked clear limits on loss offsets from crypto trades.　　Crypto Tax Break Survives Vote　　Under current German tax treatment, private crypto gains can remain tax-free when the asset has been held for longer than one year. That rule has helped Germany stand out in Europe, especially for long-term Bitcoin and crypto investors.　　The Greens argued that the exemption no longer fits modern digital assets. Their position was that the rule was originally designed for physical items such as antiques kept for long periods, not

05-23Industry

South Koreas 22% Crypto Tax Faces Pushback with 50K Petition Signatures

A petition to overturn South Koreas planned 22% tax on cryptocurrency gains has surpassed 50,000 signatures, meeting the threshold required for an official review by the Finance and Economic Planning Committee. The controversial tax, set to take effect on January 1, 2027, applies to annual gains over 2.5 million won (approximately $1,800) and has sparked widespread opposition among retail investors and industry advocates.　　Introduced under amendments to the nations Income Tax Act, the flat 22% rate includes a 20% national income tax and a 2% local surtax. The government argues the policy will streamline crypto taxation and align it with other income sources. However, critics claim it unfairly burdens digital asset investors, particularly younger demographics already priced out of the real estate market. A translated statement from the petition warns that “taxation for short-term revenue gains” could lead to capital flight and a shrinking domestic crypto sector.　　The petition‘s concerns are not without merit. South Korea’s crypto market has contracted significantly in recent years, with total crypto holdings declining from 121.8 trillion won ($83.3 billion) in January 2025 to 60.6 trillion won ($41.4 billion) by February 2026, according to industry data. Daily trading volumes on the countrys top five exchanges—Upbit, Bithumb, Coinone,

05-23Industry

Ethereum Price Prediction: ETH Bears Target $2K Support Zone

Ethereum　　Ethereum Price Prediction: ETH Bears Target $2K Support Zone　　Ethereum is back near a key support zone after a short term breakdown sent ETH toward the $2,030 area. Buyers need to defend the $2,000 zone, while a move above $2,130 would give ETH its first stronger recovery signal.　　Ethereum Price Holds Support as ETH Tests Buy Order Block　　Ethereum is testing a buy order block on the 1 day chart after pulling back from the May resistance area. The chart shared by The Great Mattsby on X shows ETH holding near the green support zone around the $2,000 to $2,070 area.　　The setup shows price moving between clear buy and sell order blocks. The nearest support is the green zone under the current price area. If ETH holds that zone, buyers could try to defend the structure and push price back toward the first resistance band.　　ETH Buy Order Block Chart. Source:　　The first sell order block sits around the $2,260 to $2,340 area. ETH rejected from that region earlier in May, so it remains the nearest upside test.　　A stronger move would need to clear the next resistance area near $2,420 to $2,700. That wider red zone marks the larger supply area from the earlier breakdown.　　However,

05-23Industry

Bitcoin Drops to $74,300 as Spot ETFs Bleed $2.26B, SEC Greenlights Nasdaq Options

Bitcoin　　Bitcoin Drops to $74,300 as Spot ETFs Bleed $2.26B, SEC Greenlights Nasdaq Options　　Bitcoin sank to $74,305 in early Saturday trading, marking its lowest print since April 20 and capping a brutal stretch that has shaved roughly 10% off the cryptocurrency from a recent high above $82,500 on May 6. The drawdown coincides with a sharp climb in U.S. Treasury yields and a parallel grind higher across developed-market sovereign debt, which is suppressing risk appetite across non-yielding assets. Spot prices remain under pressure as macro flows pivot toward commodities and pre-IPO derivatives tied to SpaceX. At the time of writing, BTC trades near $74,800, down more than 3.25% on the 24-hour window.　　The U.S. Securities and Exchange Commission approved Nasdaq‘s proposal to list cash-settled Bitcoin index options on the Philadelphia Stock Exchange, an accelerated green light published Friday on the regulator’s website. The European-style contracts will trade under the ticker QBTC and reference the Nasdaq Bitcoin Index, a benchmark pegged at one one-hundredth of the CME CF Bitcoin Real Time Index, which refreshes every 200 milliseconds. Unlike options on spot Bitcoin exchange-traded funds, the new product settles in cash, removing physical delivery risk and early assignment exposure. Position limits cap each side

05-23Industry

French-Moroccan man sentenced to 25 years in prison for France crypto kidnaps

A French-Moroccan man convicted of organizing some of the recent daring kidnappings of crypto figures in France has been sentenced to 25 years in prison.　　The news comes amid a growing debate in French society over the massive number of data leaks in the country that are compromising personal security.　　Moroccan court sends crypto kidnapper to prison　　The Court of Appeal in the Moroccan city of Tangier gave Mohamed Hamid Bajou the harsh sentence on Thursday, May 21, local and French media reported.　　The 25-year-old man is the alleged mastermind of a gang that committed a series of brazen abductions of wealthy individuals in France, including prominent people from the crypto space.　　Bajou was facing serious charges, the French crypto information portal Journal du Coin noted in an article on Saturday, quoting a post by the Moroccan news website Tanja7 from Friday.　　These included establishing a criminal group, kidnapping, unlawful detention and torture for ransom, attempted premeditated murder, illegal possession of firearms, and drug trafficking.　　One of Bajous victims was David Balland, a co-founder of Ledger, the French company known for its popular hardware cryptocurrency wallets.　　The crypto entrepreneur was abducted in January 2025 along with his female partner at their home in Central France.　　The attackers demanded a

05-23Industry

Solana Price Prediction: SOL Faces $125 Test After Breakout

Tech　　Solana Price Prediction: SOL Faces $125 Test After Breakout　　Solana is trading between two clear chart signals, with one setup showing weak corrective rallies and another pointing to a possible breakout retest. SOL needs to hold the $84 to $85 area and clear nearby resistance before the $125 target becomes stronger.　　Solana Price Struggles as SOL Rejects Corrective Rallies　　Solana traded near $84.68 on the 4 hour chart after another rejection from a short term recovery move. The chart shared by More Crypto Online on X shows SOL failing to hold above the nearby resistance zone around $87.　　The main issue is clear. SOL keeps bouncing, but each rally loses strength before price reaches the larger resistance near $95 to $96. That area acted as a major rejection zone earlier in May. As long as SOL stays below it, the recovery structure remains weak.　　SOL Corrective Rally Rejection Chart. Source:　　The nearest support sits around $82, marked by the red horizontal line. If Solana loses that level, the chart points back toward the main range support area between $77.96, $75.41, and $71.92. These levels match the 50%, 61.8%, and 78.6% Fibonacci retracement marks shown on the chart.　　The orange support zone matters because it has held previous

05-23Industry

Wall Street analysts predict Dells stock price for the next 12 months

Finance　　Wall Street analysts predict Dells stock price for the next 12 months　　Dell Technologies (NYSE: DELL) is gaining momentum as investors respond positively to the companys surging demand for artificial intelligence infrastructure.　　The company has evolved from a traditional PC and server provider into a major AI player, a shift that has fueled strong gains in its stock price.　　By press time, DELL stock was trading at $295 after closing Friday up nearly 17%, while the equity has rallied 130% year-to-date.　　The main driver behind Dells rally is the explosive demand for AI-optimized servers and infrastructure. Dell ended fiscal 2026, which concluded in January 2026, with a record $43 billion AI server backlog.　　In the fourth quarter alone, the company reported about $34 billion in AI-related orders and shipped between $9 billion and $9.5 billion in AI servers, marking a 342% year-over-year increase.　　At the same time, Dells broader financial performance also underscored this momentum. Fiscal 2026 revenue rose 19% year-over-year to $113.5 billion, while adjusted earnings per share climbed 27% to $10.30.　　The Infrastructure Solutions Group, which includes servers, delivered particularly strong results, with AI contributing a rapidly growing share of total revenue.　　Looking ahead, Dell raised its long-term outlook through fiscal 2030, projecting annual revenue growth

05-23Industry

Quantum Threat Forces Crypto Industry Into Defense Mode

Crypto　　Quantum Threat Forces Crypto Industry Into Defense ModeCrypto firms are racing to build quantum-proof security as fears over future cyber risks intensify.Google researchers warned quantum computers may crack crypto encryption sooner than expected.Blockchain developers say AI-driven attacks remain a more immediate danger than quantum threats.　　The cryptocurrency industry is defending itself against a new technological threat that experts say could eventually weaken the security behind bitcoin and other digital assets. Concerns have intensified after growing advances in quantum computing pushed major blockchain firms to accelerate work on next-generation security systems.　　According to reporting from the Financial Times, industry leaders now believe practical quantum machines could emerge around 2030. That timeline has increased pressure on crypto developers, who fear powerful quantum computers may one day crack the cryptographic systems protecting digital wallets and blockchain networks.　　Thus, some large organizations like RippleX, Circle, Tron, and the Ethereum Foundation have already begun building post-quantum security products. Along with securing the wallets, the developers wish to improve the transaction validation mechanisms as well.　　Quantum Computing Raises Security Concerns　　Quantum computers dont work like the computers people use today. Instead of handling one calculation at a time, they can process many possibilities at once.　　Because of that, they could one day

05-23Industry

XRP Ledger Enters Next Phase With Incoming XRPL Update

Tech　　XRP Ledger Enters Next Phase With Incoming XRPL Update　　Hussein Zangana, Director of Community at the XRP Ledger Foundation, who goes by the name Vet on X, hints at an upcoming XRPL software release.　　According to Vet, who is also an XRP Ledger dual validator, a new XRP Ledger version 3.2.0 is in the works. This, he says, is an update to further strengthen the foundation XRP is built on. The latest XRP ledger version release XRPL 3.1.3 has entered a two-week activation period with an expected timeline of May 27, 2026, according to XRPScan data.　　New XRP Ledger version 3.2.0 is in the works.　　An update to further strengthen the foundation your $XRP is living on.　　Have to say, AI powered Red/Blue Team and Attackathons/Bug Bounties have delivered strong results!　　Another highlight – name transition from rippled - xrpld❤️　　— Vet (@Vet_X0) May 22, 2026　　The rippled version 3.1.3 contains one fix amendment fixCleanup3_1_3 and includes fixes for NFTs, Permissioned Domains, Vaults, and the Lending Protocol.　　You Might Also Like　　Bitcoin (BTC), Hyperliquid (HYPE), Zcash (ZEC), Dogecoin (DOGE) and Ethereum (ETH) Price Analysis for May 23: Fundamental Shift in Investors Sentiment　　Fidelity: Bitcoin in Early Bull Market　　Vet reports progress in strengthening XRPL security as the ‘AI-powered’ Red/Blue Team and Attackathons/Bug

05-23Industry

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