Latest Crypto News & Market Updates

TRX Price Prediction: $0.38 June Target Despite Overbought Warning Signals

TRON has staged a dramatic recovery from September 2017 lows, with the token‘s surge above $0.35 representing a complete reversal from its devastating drop below $0.22 in early May. This isn’t merely technical bounce-back but signals broader institutional repositioning as Blockchain.news analysis indicates utility tokens prepare for potential breakout conditions.　　The derivatives market reveals measured accumulation rather than speculative excess. Funding rates sitting neutral at 0.0093% indicate smart money positioning without the frothy leverage conditions that typically precede violent corrections. This controlled buying environment supports sustainable price discovery over momentum-driven volatility.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full TRX price, calculator & analysis　　Technical Indicator Convergence　　Multiple momentum indicators paint a cautionary picture for TRONs immediate trajectory. The RSI reading of 74.58 places TRX firmly in overbought territory, while MACD histogram flatlining at zero signals momentum exhaustion. Stochastic %K reaching 92.82 historically marks zones where experienced traders begin profit-taking operations.　　Bollinger Band positioning at 0.75 confirms TRX is testing the upper band near $0.36 – a level that has served as reliable reversal territory in previous cycles. Moving averages across timeframes maintain upward slopes, yet the significant gap between current price and the 200-day

05-18Industry

The $113M Catalyst: What Happens to LTC Price When Grayscale Converts Its Trust？

A $113 million trust sitting in legal limbo could become one of the most significant structural catalysts for Litecoin in years.　　Grayscale Investments filed to convert its Grayscale Litecoin Trust (LTCN) into a spot ETF listed on NYSE Arca.　　The same process converted the Bitcoin and Ethereum trusts in 2024. Both launched price expansions that began before the approvals were confirmed.　　The question is whether $LTC is next — and what that moment actually does to the price.　　Why This Conversion Is Different From a Standard ETF Launch　　Unlike a fresh ETF filing, the LTCN conversion would transform an existing closed-end trust — with real $LTC already held in Coinbase Custody — into a fully redeemable, exchange-listed product.　　BNY Mellon serves as transfer agent and administrator. An authorized participant arbitrage mechanism would keep the share price tightly linked to $LTCs spot price.　　That structural change matters more than the headline AUM number.　　The Canary Litecoin ETF (LTCC) is already live on Nasdaq — confirming regulatory willingness to approve $LTC-based products.　　ETF approval provides a major, compliant on-ramp for institutional capital — and could lead to sustained buying pressure similar to patterns observed after previous crypto ETF launches.　　The conversion does not create new $LTC demand by itself. It removes the

05-17Exchange

Latam Insights: Coinbase Co-Founder Eyes Venezuela as Grupo Salinas Embraces Stablecoins

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Coinbase co-founder Fred Ersham considers investing in Venezuela, Grupo Salinas partners with Anchorage Digital, and Brazil bans a bank from conducting foreign crypto trades.　　Key Takeaways:Worth $2.6B, Coinbase‘s Fred Ersham met officials to explore investments in Venezuela’s financial revival.Mexicos Grupo Salinas tapped Anchorage Digital to next use a stablecoin system for cross-border flows.Over $1.7B in illicit flows, Brazil fined Banco Topazio, and enforced a 2-year crypto trading ban.　　Coinbase Co-Founder Meets with US and Venezuelan Officials in Major Investment Push　　Fred Ersham, co-founder of U.S.-based cryptocurrency exchange Coinbase and Paradigm, a venture capital firm, has traveled to Venezuela several times and has been meeting with government officials, including interim president Delcy Rodriguez and U.S. Interior Secretary Doug Burgum, according to Bloomberg.　　Ersham, with a net worth of $2.6 billion, would be interested in investing in several sectors of the Venezuelan economy, including fintech and payments, but also in energy and gas.　　He appeared this week in a tech event organized by one of the main state-owned banks, Banco de Venezuela, to promote the countrys potential to become “the best country in Latam.”　　Mexican Giant

05-17Exchange

Xphere surges 79% as bulls take over – Can XP break its ATH？

Xphere [XP] had surged 79% in the past 24 hours and 233% over the week at press time. The altcoin has posted double‑digit gains across the last two sessions and continues to climb.　　Notably, traders have increasingly engaged in speculative trading following the altcoins multiple listings as a top gainer across different platforms. Daily trading volume on MEXC and BingX saw an increase of 55% and 38%, respectively, as of writing.　　However, the token has yet to be listed on major exchanges such as Binance and Coinbase, raising questions about its legitimacy despite launching in Q1 2025.　　Notably, speculative trading has also lifted its Popularity Index, which stood at 50, just 11 points below the highest reading since the altcoins inception.　　Source: ROOTDATA　　This reading indicated the tokens growing popularity within the crypto community.　　Buying activity of XP bulls　　More importantly, buying activity is surging, with XP being the most-bought token. As per the latest RSI reading, XP leads with the highest value of 85.　　Source: X　　XP is followed by Cosmos [ATOM] and TRON [TRX] at 75 and 71, respectively. The lowest RSI was on stablecoins like sUSDS, USYC and USDe. This indicates traders are exchanging them for risk-on assets like Xphere.　　Even the total token transfers on the

05-17Exchange

Bitcoin Slides Under $79K on Macro Fears: Is a Rebound Around the Corner？

Bitcoin ($BTC) faced a sharp contraction on Friday following a rejection at $82,000 the prior day. Recent price movements closely resembled the US small-capitalization stock index, hinting that macroeconomic factors are the leading drivers behind the nosedive below $79,000.　　The anxiety sparked a sell-off in fixed-income markets. Counterintuitively, this may help Bitcoin embark on a sustained bull run over the next few weeks.　　Key takeaways:High correlation with US small-cap stocks and absent bullish leverage demand leave Bitcoin vulnerable to broader macro risks.Fixed-income outflows could ultimately drive fresh liquidity back into Bitcoin in the medium term.　　Bitcoin loses $80,000 support amid high oil prices, recession risks　　The US small-capitalization stock index excludes the 1,000 largest companies, avoiding the heavy concentration of tech stocks. More importantly, these stocks carry a higher risk due to smaller relative earnings and a lower financial capacity to survive worsening market conditions.　　Russell 2000 Index futures (left) vs Bitcoin/USD (right). Source: TradingView　　Moreover, the cost of capital for smaller companies is often higher, making them more sensitive to interest rate trends.　　The strong correlation between Bitcoin and the Russell 2000 Index indicates that Bitcoin is not currently being valued as a hedge, but rather as a risk-on asset.　　Bitcoin perpetual futures annualized funding rate. Source:

05-17Exchange

M3 DAO Joins DegenVerse to Offer DeFi Utility for Meme Coins

M3 DAO, a renowned decentralized platform, has partnered with DegenVerse, a Web3 initiative for meme coin utility. The partnership denotes a remarkable financial and cultural shift to redefine the meme-led community interaction with blockchain networks. As M3 DAO pointed out in its official social media announcement, the development focuses on combining meaningful DeFi applications and meme culture. So, this could lead to the development of a significant bridge between financial sovereignty and entertainment.　　M3 DAO and DegenVerse Partner to Provide Real Utility via Meme Coins　　The partnership between M3 DAO and DegenVerse is set to broaden the span of meme coins beyond speculation with the provision of real utility. Thus, the move positions both entities as the leading players contributing to the ongoing Web3 transformation. In this respect, DegenVerse has been developing a robust decentralized liquidity network to strengthen meme coins through a sustainable financial architecture.　　Unlike conventional meme initiatives that depend entirely on community hype, DegenVerse‘s mechanisms permit the staking, utility, and lending of tokens in gaming environments. Additionally, prediction markets provide more scope expansion, letting consumers interact with decentralized forecasting alongside generating liquidity. At the same time, M3 DAO’s integration strengthens this vision, delivering governance expertise as well as a mechanism

05-17Industry

Trump advisers warn of heightened risk of China invading Taiwan in next 5 years

Tech　　Trump advisers warn of heightened risk of China invading Taiwan in next 5 years　　Some of President Trump‘s closest advisers believe the most consequential outcome of the recent Beijing summit isn’t a trade deal or diplomatic reset. Its a growing conviction that Chinese President Xi Jinping may move against Taiwan within the next five years, potentially severing the semiconductor supply chain that underpins everything from AI models to crypto mining hardware.　　One Trump adviser described Xi‘s posture in blunt terms: China is no longer positioning itself as a rising power. It’s asserting parity with the US and signaling that Taiwan belongs to Beijing. The warmth of the summit, by this reading, was strategic theater masking a more aggressive territorial stance.　　Why Taiwan matters to every portfolio, including crypto　　Taiwan is the world‘s most important chokepoint for advanced semiconductors. TSMC, headquartered in Hsinchu, fabricates the vast majority of the world’s most advanced chips. These aren‘t commodity products. They’re the silicon brains inside AI accelerators, data center GPUs, smartphones, and increasingly, specialized hardware used in blockchain infrastructure.　　The intelligence picture: invasion isnt the only scenario　　The 2026 Annual Threat Assessment from the US Intelligence Community states that Chinese leaders do not currently intend to invade Taiwan by 2027

05-17Industry

Shiba Inu Short Death Cross Confirmed, 10% Drop Recorded in Days

Tech　　Shiba Inu Short Death Cross Confirmed, 10% Drop Recorded in Days　　Shiba Inu erased gains from the past week as major cryptocurrencies recorded declines that pushed prices lower. At the time of writing, SHIB was recording 10% losses on a weekly basis.　　The last two days saw sharp selling for Shiba Inu alongside the broader crypto market. A selloff in riskier assets swept through cryptocurrency markets as concerns over inflation rattled jittery investors. The crypto declines came in tandem with drops in stock and bond markets.　　Shiba Inu has declined since reaching a high of $0.00000668 on May 11, marking four out of five days of losses since this day.　　Peter Brandt Warns Solana Could Crash　　Is Hyperliquid Worth All the Recent Hype？　　The selling intensified towards the weekend as back-to-back hot CPI and PPI prints earlier in the week contributed to traders betting that the Federal Reserve might hike interest rates rather than cut them.　　You Might Also Like　　Following the selling pressure, Shiba Inu completed a death cross signal on its short-term charts, specifically the 2-hour chart. The 50 MA fell below the 200 MA on the 2-hour chart to produce a bearish death cross signal.　　SHIB loses major support　　The drop saw Shiba Inu falling below the

05-17Industry

Swatch Sale: How a $400 Plastic Clock Exposes Our Toxic Overconsumption Obsession

The Crypto Evolution: From Speculative Mania to True Financial Sovereignty　　While critics are quick to point out the clear similarities between the Swatch madness and the worst impulses of cryptos historical bull markets, a critical ideological distinction must be made.　　The internet-based financial mania of the past half-decade eventually paved the way for a deeper, institutional maturation. Unlike the dead-end consumerism of luxury fashion collaborations, the underlying infrastructure of the digital asset ecosystem was built as a direct antidote to societal dependency on legacy systems.　　Crypto, at its core philosophical level, is not about buying digital collectibles to flex on social media; it is about establishing baseline financial freedom. Consider the systemic structural contrast:Independence from Physical Bureaucracy: For decades, everyday citizens have been forced to conform to the rigid schedules of traditional financial institutions. They stood in physical lines at legacy banks, filled out archaic paperwork, and waited days for local clearing houses to approve their own capital.Radical Autonomy: True decentralized protocols allow an individual to execute borderless, censorship-resistant transactions instantly, completely bypassing the gatekeepers who control physical real estate and domestic distribution networks.　　The individuals fighting in line for a consumer watch are willingly subjugating themselves to a centralized corporate hierarchy for a

05-17Industry

Crypto Exec Warns STRC Holders Mispricing Perpetual Risk

Investors holding perpetual preferred stocks such as Strategys Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) are significantly underestimating risks tied to liquidity and interest rates, according to Matt Dines, chief investment officer at credit asset manager Build Markets. These stocks, which lack a maturity date, expose holders to risks that could erode value in a tightening market environment.　　“If spreads start to rise and the market demands higher yields from corporate borrowers, you also have to attach that to the infinite duration of the perpetual,” Dines told TFTC media in a recent interview. “If this dislocation comes in liquidity, it will come from the fiat side.” Dines emphasized that perpetuals are uniquely vulnerable because they lack mechanisms, like maturity dates, that could limit exposure over time.　　STRCs Rapid Growth and Record Trading Volumes　　The warning from Dines coincides with a surge in demand for STRC. On May 14, daily trading volumes hit a record $1.5 billion, signaling growing investor interest in the preferred stock as Strategy leans on this funding vehicle to fuel its Bitcoin purchases. STRC is currently trading near $99 per share with a variable dividend rate of 11.5%, according to Strategys official data.　　The total market value of outstanding

05-17Industry

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