Latest Crypto News & Market Updates

HYPE is nearing a new ATH, and the whales are buying every dip – Details!

Hyperliquid‘s [$HYPE] traders are increasingly bullish right now! The platform is one of crypto’s biggest on-chain trading venues, and the belief is that it is now challenging some of the industrys biggest players.　　$HYPE nears $ATH as whales buy the fear　　$HYPE is back near its previous $ATH. What stands out now though, is how the market reacted to pressure.　　Even with growing regulatory concerns and some pulled liquidity, $HYPE has continued to climb on the charts. In fact, whale data also hinted at buying through the fear, all while retail stayed back in cautiousness.　　Source: Alphractal　　According to Alphractal, while funding has slowed down, leverage has been more balanced, with the OI rebuilding too.　　Theres some real weight behind the rally　　$HYPEs market cap has reportedly crossed $14.9 billion, pushing it into the top 10. Additionally, Hyperliquid has also flipped Solana [SOL] by FDV.　　Source: Arkham　　Source: Arkham　　In the past week alone, 21Shares‘ THYP ETF listed on Nasdaq with $1.8 million in day-one volume, followed by Bitwise’s BHYP, which opened with $4.31 million. Around the same time, Coinbase became Hyperliquids USDC treasury deployer. This could route $135-160 million annually towards $HYPE buybacks.　　Source: X　　Then came the SpaceX pre-IPO synthetic perp, which saw $33 million in day-one volume and $21.8

05-22Exchange

Euro weakens against British Pound ahead of Germany IFO Business Survey

EUR/GBP extends its winning streak for the fifth consecutive day, trading around 0.8650 during the Asian hours on Friday. The currency cross remains subdued as the Euro (EUR) struggles ahead of upcoming German economic indicators, including the June GfK Consumer Confidence Survey, Q1 GDP figures, and the IFO Business Survey, due later in the day.　　The Euro faced significant challenges as traders reacted to a surprising contraction in the Eurozone economy. According to the latest S&P Global flash Purchasing Managers Index (PMI) data released on Thursday, the Euro Area economy shrank in May at its fastest pace since late 2023. This downturn was primarily driven by a conflict-fueled surge in living costs that stifled service demand and pushed input price inflation to a three-year high.　　The downside of the EUR/GBP cross is retrained as the British Pound (GBP) inches lower following the GfK Consumer Confidence Index release, which edged up to -23 in May 2026 from -25 in the previous month, which had marked the lowest reading since October 2023 amid persistent worries about the Iran war. The result defied market estimates of -28, suggesting that households were slightly less pessimistic about the outlook. GfK consumer insights director Neil Bellamy cautioned that

05-22Industry

Bitcoin Longs Rise As Traders Aim For Rally To $82K

Key takeaways:Top traders boosted their Bitcoin long-to-short ratios, strengthening the $76,000 support floor.Macroeconomic pressures and persistent Bitcoin ETF outflows are capping immediate Bitcoin breakout potential to $82,000.　　Bitcoin ($BTC) flirted with $78,000 on Thursday but failed to sustain its bullish momentum after a disappointing outlook from US retailer Walmart and growing signs of a more restrictive US monetary policy. Despite weakening macroeconomic conditions, professional Bitcoin traders increased their bullish exposure. Is a rally to $82,000 the next step？　　Top traders Bitcoin long-to-short position at Binance s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

05-22Exchange

Ethereum price risks drop to $1,800 as ascending channel breaks

Ethereum price has broken down from an ascending parallel channel pattern on the daily chart — May 21 　　Momentum indicators are also deteriorating. The MACD histogram has flipped negative while the MACD line continues crossing below the signal line, confirming growing bearish momentum on the daily timeframe. Previous bearish crossovers on the same chart structure earlier this year preceded extended downside moves.　　The immediate support zone now sits near $2,080. Failure to hold this area could expose Ethereum to a rapid move toward the $1,800 region, which aligns with previous consolidation support formed during March and April.　　Some technical traders have also warned that Ethereum is now trading below several major exponential moving averages, strengthening the probability of further downside continuation. A confirmed daily close below the channel support could invalidate the entire April recovery structure.　　Derivatives positioning adds another layer of risk. CoinGlass liquidation data shows a dense concentration of leveraged long positions sitting between $2,040 and $2,000. If Ethereum breaks decisively below that zone, forced liquidations could amplify downside volatility.　　According to CoinGlass estimates, more than $1.70 billion worth of leveraged long positions could face liquidation pressure if ETH falls below approximately $2,044. Such liquidation cascades often trigger rapid flash crashes as

05-22Ethereum

California Governor Acts on AI Workforce Disruption as Silicon Valley Sheds 114,000 Jobs

California Governor Gavin Newsom signed a “first-in-the-nation executive order” on Thursday to tackle artificial intelligence (AI) workforce disruption. 　　The order directs California to prepare workers, small businesses, and communities for economic impact from AI.　　What the California Governors Order Covers　　The order convenes a broad group of universities, economists, labor specialists, state agencies, and industry executives. They will draft new policies and track signals of where AI is cutting jobs.　　The goal is to help California workers, not just tech firms, share in AIs productivity gains. The policy menu includes new severance rules, employment insurance, and transition payments for displaced workers.　　Other ideas under study include worker-owned company structures, universal basic capital programs, and broader job training. The order also seeks better hiring and payroll data so the state can spot layoff trends sooner.　　“California has never sat back and watched as the future happened to us… Today is just the first step as we rewrite policy and direction, creating a future of work that works for all,” Newsom said.　　I just signed a first-of-its-kind executive order to empower workers impacted by AI.　　California will pursue new policies that make sure working Californians — not just Big Tech — benefit from the wealth and breakthroughs coming out

05-22Industry

Ethereum Foundation Faces Heat After Feist’s $1B Proposal

Dankrad Feist proposed creating a new Ethereum-focused organization with at least $1 billion in funding.He said the new group should be economically aligned with Ethereum and accountable to the community.Feist argued that the organization should have competent leadership and a board with stronger oversight.He said the group should also have a mandate to help support ETHs value.The proposal added fresh pressure on the Ethereum Foundation on Thursday.　　Pressure on the Ethereum Foundation rose on Thursday after former core developer Dankrad Feist proposed a new Ethereum-focused organization. Feist said the group should raise at least $1 billion and operate with leadership accountable to the Ethereum community. His proposal added to concerns about governance, staffing exits, and Ethereums market performance.　　Ethereum Foundation Draws New Criticism After Feist Proposal　　Feist outlined the idea in a post on X and framed it as a way to “save” Ethereum. He said the community needs an organization “economically aligned with Ethereum and accountable to it.”　　He proposed a board with stronger accountability and a clear mandate to support ETH. He also said the group should aim to help Ethereums price rise.　　Feist said the organization should have at least $1 billion in funding. He added that staking revenue could help support

05-22Ethereum

Variational predicts RWA perpetuals will soon be the biggest contract class in DeFi

Variational, a peer-to-peer onchain derivatives trading protocol, said it raised $50 million in a round led by global investment fund Dragonfy with participation from companies including Bain Capital Crypto and Coinbase Ventures.　　The money will be used to expand the Cayman Islands-based companys derivatives trading services, it said in a statement released Thursday. The raise comes just as Variational introduces perpetual futures tied to real-world assets (RWAs) such as gold, silver, copper and West Texas Intermediate (WTI) crude oil.　　“We believe RWA perpetuals will soon be the biggest contract class in decentralized finance (DeFi), bigger than bitcoin and ether combined,” Lucas V. Schuermann, CEO and co-founder at Variational, told CoinDesk.　　Bitcoin , the largest cryptocurrency, has a market capitalization of $1.6 trillion. Ether (ETH), the second-biggest, has $256 billion. Combined, they account for almost 68% of the total cryptocurrency market cap.　　Variational said it has carried more than $200 billion in trading volume since its inception in 2025, and the new funds will enable it to build the infrastructure needed to route liquidity directly from traditional markets within the coming months. Its model is uniquely designed to aggregate and route liquidity from traditional and onchain markets, avoiding the need to build it from scratch

05-22Industry

Chainlink Continues Leading The Oracle Economy With SVR Expansion — What To Know

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.　　My parents are literally the backbone of my story. They‘ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.　　I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.　　When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.　　Trust me, I‘ve had my share of experience with the ups and downs in the market but I never for once lost

05-22Industry

Kraken nears UAE launch after Dubai VARA approval

Kraken has moved closer to launching in the United Arab Emirates after its parent company, Payward, received preliminary approval from Dubais Virtual Assets Regulatory Authority.Krakens parent Payward received preliminary VARA approval for broker-dealer, investment and management services in Dubai.The planned UAE launch includes AED funding, margin trading, OTC services and Kraken Prime access.Related reports show Dubais crypto rulebook continues attracting exchanges, payment firms and institutional trading platforms.　　Payward received preliminary approval for a broker-dealer, investment and management licence from VARA. The approval gives Kraken a path toward offering regulated crypto services in Dubai once the remaining requirements are completed.　　The approval was granted on Thursday, May 21, moving Kraken closer to a full UAE rollout. The exchange has not confirmed a launch date, but plans to offer UAE dirham funding, margin trading, OTC trading and Kraken Prime access for institutional clients.　　Kraken plans AED funding and institutional access　　The planned launch would give UAE users direct crypto market access through local currency rails. AED funding and withdrawals could reduce friction for traders who currently rely on foreign currency routes or third-party payment channels.　　Kraken is now authorized by VARA in Dubai.　　Authorization covers spot, margin, OTC, staking, and institutional access through Kraken Prime.$AED funding follows later

05-22Industry

Ethereum Community Pushes for New Group to “Save” ETH

His comments came due to the growing frustration surrounding the Ethereum Foundation after the departures of several high-profile contributors, including Feist himself, Danny Ryan, Carl Beek, and Julian Ma. Feist also criticized the foundation‘s limited ETH holdings and lack of direct exposure to staking and fee revenues, arguing that this weakens its connection to Ethereum’s long-term success.　　Ethereum Foundation Under Fire　　within the Ethereum community intensified this week after former Ethereum Foundation developer Dankrad Feist proposed the creation of a new organization to help “save” Ethereum and restore confidence in the network‘s long-term direction. Feist argued that the Ethereum ecosystem now needs an institution that is directly aligned with Ethereum’s economic success and more accountable to the community.　　In a that was shared on X, Feist suggested forming a new ETH-focused organization backed by at least $1 billion in funding and led by what he described as competent . According to him, the current structure of the Ethereum Foundation no longer provides the level of alignment or accountability needed to support Ethereum‘s growth and value appreciation. He proposed that the new entity should actively work toward increasing Ethereum’s value while funding itself partially through staking rewards and blockchain fee revenue.　　The Ethereum Foundation currently

05-22Industry

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