Latest Crypto News & Market Updates

Institutional Ethereum buying rises, but bearish market structure remains intact

Institutional interest in Ethereum [$ETH] was alive, AMBCrypto reported. The leading altcoins price decline presented an “attractive buying opportunity,” said Tom Lee, chairman of Bitmine, the largest $ETH treasury firm.　　The company added 71,762 $ETH to its balance sheet last week and was fast closing in on its “alchemy of 5%” target.　　Institutional buying spree not enough to shift Ethereum market opinion　　BMNRs acquisitions were hopeful, but conviction has been skewed toward Bitcoin [$BTC] rather than Ethereum.　　Source: CryptoQuant　　This was made evident when comparing the net taker volume of the two crypto assets. The 30-day moving average of $BTCs net taker volume remained positive despite its correction from $82k earlier in May.　　Source: CryptoQuant　　Meanwhile, Ethereum was flashing “structural weakness,” warned analyst CryptoOnchain. The net taker volume peaked in early March but has plummeted since then, showing sellers have the upper hand.　　The market has a clear preference for $BTC over $ETH, and this is reflected by the 30-day moving average of the net taker volume.　　Sentiment reaches lows not seen since 2023　　Source: CryptQuant　　The Coinbase Premium Index fell into negative territory towards the end of April and has stayed there. The premium was falling further in recent days following the 10.19% price correction within the past two weeks.　　Source:

05-21Exchange

XRP Price Prediction: Silent Slide Masks a Wedge Bottom & Loud Accumulation Signal Beneath the Surface

$XRP Tightens in Wedge Structure as $1.37 Support Becomes the Battleground for the Next Major Move　　Market analyst GainMuse is highlighting a potential $XRP setup forming a wedge bottom near a key support zone that appears to be quietly absorbing sustained selling pressure.　　Source: GainMuse　　Price action is drifting rather than breaking down, with $XRP trading at $1.37, just above key support at $1.372, according to CoinCodex.　　Source: CoinCodex　　As a result, GainMuse suggests this slow bleed reflects liquidity positioning rather than panic selling, a pattern often seen when the market is quietly building up before a sharper directional move.　　Whats the icing on the cake？ Well, a clean bounce off $1.372 followed by a reclaim of $1.42 would signal momentum rotating back to the upside and confirm the tightening wedge structure is resolving in favor of buyers.　　Until this happens, dip buyers risk stepping in early while stronger positioning typically waits for a confirmed reaction at support.　　On the downside, risk is just as clear. A sustained close below $1.365 would invalidate the bullish setup and shift price into a deeper corrective phase. The structure is effectively binary from here, either the wedge holds and breaks upward, or it fails and resets sentiment.　　$XRP Signals Quiet Accumulation as

05-21Exchange

HYPE Crosses $50 for First Time Since September

Hyperliquids $HYPE token crossed $50 on Wednesday for the first time since September 2025, in part fueled by a high-profile call from Bitwises chief investment officer.　　Bitwise CIO Matt Hougan on Tuesday argued in a weekly memo that the market is undervaluing Hyperliquid. Hougan framed Hyperliquid as a fast-growing trading venue moving beyond crypto perps into commodities, Ss move above $50 looks like a combination of momentum and improving fundamentals, but unlike many narrative driven rallies in crypto, Hyperliquid actually has meaningful on chain activity underneath the price action,” said Jason Rindahl, CEO of Nebula DeFi, in an emailed comment Wednesday.　　Hyperliquid has been on a tear, gaining 32% in the past seven days, making it the best-performing large-cap crypto asset of 2026, according to CoinGecko.　　SpaceX Pre-IPO Trading　　The rally is also fueled by Trade.xyz, a decentralized perpetuals platform built on Hyperliquids HIP-3 framework, which on Monday launched a synthetic pre-IPO perpetuals contract tracking SpaceXs implied valuation.　　The SPCX-$USDC contract opened at a $150 reference price implying a $1.78 trillion SpaceX valuation, spiked to $216 within hours, and settled around $202.89. The market recorded $33 million in 24-hour volume and $21.8 million in open interest on its first day. The Defiant reported on the

05-21Exchange

Coinbase Launches USDC-Backed Stablecoin with Flipcash

Coinbase launched $USDF with Flipcash, a Solana-based stablecoin backed 1:1 by Circles USD Coin, as the crypto exchange expands its infrastructure business for companies issuing branded digital currencies.　　According to Wednesdays announcement, $USDF is designed to serve as the settlement asset for currencies created on Flipcash, a platform where users can launch fixed-supply digital currencies priced and transacted in the stablecoin. Flipcash said the token is intended to function as the primary dollar asset within its app.　　In December, Coinbase launched its white-label stablecoin issuance service for companies seeking branded digital dollar products without managing their own reserve, custody or settlement infrastructure. The platform includes fiat onramps, wallet services and $USDC ($USDC) reserve backing. It previously identified Solflare, R2 and Flipcash among companies exploring launches using the system.　　Flipcash said it selected Coinbases platform because it provided $USDC-backed reserves, onchain settlement infrastructure and integrated fiat access through a single service.　　According to DefiLlama data, $USDC is the worlds second-largest stablecoin by market capitalization, with roughly $77 billion in circulation.　　Stablecoin infrastructure providers expand white-label issuance services　　The launch comes as stablecoin issuers and crypto infrastructure providers increasingly offer white-label services that allow businesses to launch branded digital dollar products without managing their own blockchain infrastructure or

05-21Exchange

Senate Targets Prediction Markets, Copper Eyes $500M Sale, GitHub Repos Stolen

Tech　　Senate Targets Prediction Markets, Copper Eyes $500M Sale, GitHub Repos Stolen　　Prediction market operators including Kalshi and Crypto.com faced sharp criticism during a two-hour U.S. Senate Commerce Committee hearing on Wednesday, with lawmakers probing advertising practices, regulatory disputes, and concerns that platform mechanics may incentivize athlete cheating. Committee Chair Ted Cruz cited recent incidents involving NBA players and coaches accused of manipulating performance, two MLB pitchers allegedly rigging pitches, MLS yellow-card scandals, and UFC match-fixing investigations. Senator John Hickenlooper accused the platforms of unleashing predatory marketing aimed at young users. Patrick McHenry, now advising the Coalition for Prediction Markets, defended the industry by stating trading is restricted to users above 18 and that the average participant age is 33.　　Cryptocurrency custody firm Copper is exploring a sale at a roughly $500 million valuation, with Cantor Fitzgerald appointed to lead the process. The crown jewel of Coppers platform is ClearLoop, a settlement system enabling delivery-versus-payment transactions inside custody without moving assets on-chain — effectively eliminating settlement risk. The firm reports more than 1,000 active counterparties and over $50 billion in monthly notional trading volume. Copper had previously weighed a public listing earlier this year, but with Bitcoin trading below $80,000 and AI absorbing

05-21Industry

CME’s XRP Futures Hit $63 Billion Volume in First Year

Tech　　CMEs XRP Futures Hit $63 Billion Volume in First YearBy the numbersExpanding the suite　　Chicago Mercantile Exchange (CME) Group is marking the one-year anniversary of its XRP futures suite with a significant milestone.　　It has reported nearly $63 billion in notional volume since the products launch.　　The worlds largest financial derivatives exchange has stressed that the alternative asset enjoys “undeniable momentum.”　　JPMorgan: Bitcoin Races Ahead of Ethereum　　Hyperliquid (HYPE) Back in Bull Mode With 13% Rally, Ethereum (ETH) Risks Losing $2,000 Prematurely, XRPs Only Chance For $2 Comeback: Crypto Market Review　　By the numbers　　According to official exchange data collected through May 15, the CMEs first year of XRP futures trading generated massive institutional engagement.　　This product has logged $62.87 billion in notional volume, with the total number of traded contracts surpassing 1.3 million. The average daily volume currently stands at $238 million.　　Expanding the suite　　In a statement accompanying the data release, CME Group stressed that it has rapidly become the industry leader in XRP open interest. This shows that there is a sustained demand from institutional investors who want to get exposure to the asset via a regulated product.　　The CME has expanded its XRP offerings over the past year. On top of the standard futures contracts, the exchange

05-21Industry

MoneyGram Tempo partnership brings validators to remittance

Tech　　MoneyGram Tempo partnership brings validators to remittance　　The MoneyGram Tempo partnership pushes one of the best-known names in remittance further into blockchain-based infrastructure, signaling a practical shift in how cross-border money transfers could be handled behind the scenes. At the center of the deal is a clear operational role: MoneyGram will work with Tempo and serve as an anchor remittance validator on Tempos blockchain network.　　That matters because this is not just a branding tie-up. Instead, the collaboration is designed to connect traditional remittance flows with blockchain-based settlement, giving MoneyGram a direct role in transaction validation rather than leaving it at the edge of the process.　　For a payments industry that has long chased faster, cheaper, and more secure international transfers, the move points to something bigger: blockchain remittance is moving closer to established money-transfer rails, not just experimental crypto systems.　　MoneyGram and Tempo form a blockchain remittance partnership　　MoneyGram announced a partnership with Tempo, adding a new blockchain-focused layer to its remittance operations.　　The stated goal is to bridge traditional remittance activity with blockchain-based settlement. In practical terms, that means the partnership is built around using Tempos network to handle parts of the money-transfer process in a more digitally native way.　　The tie-up stands out because

05-21Industry

Securitize Posts $19.5M Record Q1, Fairshake PAC Sweeps Primaries, EU Opens MiCA Review

Tech　　Securitize Posts $19.5M Record Q1, Fairshake PAC Sweeps Primaries, EU Opens MiCA Review　　Securitize reported its strongest-ever quarter, with first-quarter revenue climbing 39% year over year to $19.5 million, even as the tokenization platform stayed in the red while preparing for a public listing through its proposed merger with Cantor Equity Partners II. Asset servicing revenue surged 201% to $8.3 million, while tokenization revenue held steady at $11.1 million. The Miami-based firm closed the period with $3.4 billion in tokenized assets under management, $24.9 billion in assets under administration and $1.9 billion in aggregated transaction volume. Net loss widened to $7.9 million as the company ramped headcount and infrastructure ahead of trading on Nasdaq under the ticker SECZ.　　A bipartisan group of US lawmakers reintroduced the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields Act, known as the Parity Act, marking the latest Congressional push to modernize crypto tax rules. The bill directs the IRS to study how a de minimis exemption for transactions under $200 might function, addressing the long-standing industry argument that small Bitcoin and stablecoin payments should not trigger reporting burdens. Regulated payment stablecoins would incur no gain or loss unless cost basis falls below 99% of redemption

05-21Industry

Fireblocks Enters x402 Foundation with New AI Payments Suite

Tech　　Fireblocks Enters x402 Foundation with New AI Payments SuiteFireblocks launched an Agentic Payments Suite to support AI-driven blockchain transactions.The company joined the x402 Foundation to help promote a standard payment protocol for AI agents.The new platform includes wallet infrastructure for AI agents to send and receive funds securely.Fireblocks added compliance and settlement tools to support regulated financial institutions.The framework focuses on expanding stablecoin adoption through AI-powered payments.　　Fireblocks has launched a new AI-focused payments framework and joined the x402 Foundation to expand agent-driven blockchain transactions. The company introduced its Agentic Payments Suite to support the x402 protocol and stablecoin usage. Fireblocks x402 Foundation integration aims to build infrastructure for AI agents to send and receive payments.　　The company said its platform covers the full lifecycle of AI agent payments. It includes wallet infrastructure, merchant acceptance tools, and compliance features.　　Fireblocks, x402 Foundation Partnership Advances AI Payments　　Fireblocks designed the Agentic Payments Suite to support machine-driven financial activity. The framework enables AI agents to execute transactions using blockchain-based assets.　　The suite provides wallets for agents to send funds securely. It also includes an acceptance layer that allows merchants to receive payments from AI systems.　　Fireblocks added compliance and settlement tools for regulated institutions. These features aim to

05-21Industry

Solana Price Prediction Turns Careful as SOL Drops to $85 Despite ETF Inflows, While Pepeto Crosses $10 Million Before Binance Listing

Tech　　Solana Price Prediction Turns Careful as SOL Drops to $85 Despite ETF Inflows, While Pepeto Crosses $10 Million Before Binance Listing　　The post Solana Price Prediction Turns Careful as SOL Drops to $85 Despite ETF Inflows, While Pepeto Crosses $10 Million Before Binance Listing appeared first on Coinpedia Fintech News　　The Solana price prediction faces new pressure as SOL fell to $85.45 during a wider crypto drop, even as spot ETFs pulled in $100 million across 11 straight positive days earlier this month.　　Any real Solana price prediction has to weigh that big money interest against a $50 billion market cap that limits how much SOL can grow from here, and Pepeto has raised more than $10 million with a Binance listing getting closer.　　Solana ETFs Break Inflow Streak as the CLARITY Act Clears Committee　　Solana spot ETFs logged 11 straight positive days in May, pulling in $100 million in total flows according to 24/7 Wall St.　　Dartmouth College disclosed a $3.3 million position in the Bitwise Solana Staking ETF on May 14, the same day the Senate Banking Committee passed the CLARITY Act 15 to 9 according to Investing News, giving tokens like SOL a clearer path to being treated as a commodity.　　The Solana price

05-21Industry

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