Latest Crypto News & Market Updates

Quantum computing threat to Bitcoin may arrive sooner than expected: report

A new quantum computing report has warned that the cryptocurrency industry may be running out of time to prepare for cryptographic attacks that could eventually threaten more than $2 trillion in digital assets.Quantus warned that quantum computing progress has accelerated faster than much of the crypto industrys post-quantum planning.The report said millions of lost Bitcoin could become exposed because inaccessible wallets cannot migrate to quantum-resistant addresses.Researchers behind the report said recent advances from Google and other quantum firms have reduced the estimated resources needed to break Bitcoins cryptography.　　According to “The State of Quantum” from Quantus, shared with crypto.news, recent breakthroughs in quantum hardware and error correction have compressed expectations around when cryptographically relevant quantum computers could emerge.　　The report argued that the threat is no longer theoretical because the mathematical path for breaking elliptic curve cryptography, the system securing Bitcoin and most blockchains, has already been understood for decades.　　Researchers behind the report pointed to a series of developments from Google, IBM, and Quantinuum between 2024 and 2026 that they said changed how experts view the timeline.　　Among the most significant was Google Quantum AI‘s March 2026 paper, which estimated that Shor’s algorithm could break the secp256k1 elliptic curve used by Bitcoin with

05-28Industry

Bitcoin Price Extends Decline Rapidly As Key Supports Collapse

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.　　From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.　　As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.　　In addition to his roles in finance

05-28Industry

Bitcoin Price Prediction: BTC Risks 25% Drop if $72K Support Collapses

Bitcoin is sitting near a key support test as analysts split between deeper accumulation zones and a possible bearish flag breakdown. A hold above $72,000 could keep BTC inside the range, while a clean break lower could bring the $60,000, $45,000, and $35,000 zones back into focus.　　Bitcoin Chart Marks $60K, $45K and $35K Accumulation Zones Before Long Term Targets　　as analyst Crypto Patel says he is watching three accumulation zones before any larger move toward long term targets.　　The weekly chart shared on X marks $60,000, $45,000, and $35,000 as the main buy zones. The analyst said the first zone near $60,000 has already filled, while the second zone near $45,000 remains his next area to watch.　　Bitcoin Accumulation Chart. Source:　　The chart shows BTC pulling back after losing momentum near the previous all time high resistance area around $128,927. It also marks a bearish order block above price, near the $84,000 to $100,000 region.　　Crypto Patel said market sentiment has turned fearful around the $74,000 area. However, his chart focuses on lower accumulation zones rather than the current reaction.　　The first marked zone sits near the 0.382 Fibonacci support at $57,362, close to the broader $60,000 area. The chart labels this zone as already filled.　　The

05-28Industry

Kraken Introduces Bitcoin Vault Yielding 2.5% APY Through DeFi Integration

Dubbed Bitcoin Vault, the offering joins Krakens Earn product suite and was developed alongside Veda, a cryptocurrency yield infrastructure provider.　　The introduction arrives amid rising interest from Bitcoin investors seeking yield-generating opportunities. In contrast to Ethereum or Solana, Bitcoin lacks a native mechanism for holders to earn passive income on their holdings.　　Bitcoin Vault Mechanics Explained　　When investors place Bitcoin into the vault, their assets are transformed into Kraken Wrapped Bitcoin (kBTC), a token designed to mirror Bitcoins market value.　　Sentora, a cryptocurrency platform, then distributes the kBTC throughout DeFi lending markets such as Aave, Morpho, and Tydro. Interest payments from borrowers using these protocols generate returns that flow back to vault participants.　　According to Kraken, the structure operates on a non-custodial basis, granting sole access and control to depositors themselves.　　The withdrawal process requires an estimated five-day timeframe. Service providers collect a 25% performance fee from generated earnings.　　Veda reported that deposits surpassed $30 million from 4,000 separate wallets during the products initial 10-hour window.　　Krakens Expanding Yield Ecosystem　　John Zettler, Krakens Director of Product, explained the vault targets Bitcoin holders seeking returns on assets they intend to maintain over extended periods.　　Bitcoin Vault represents one component of Krakens strategic initiative to provide simplified access to DeFi yield mechanisms

05-28Industry

Coinbase, Standard Chartered Partner to Add 6 Currency Access

exchange Coinbase (Nasdaq: COIN) announced on May 26 that it is partnering with Standard Chartered to expand global fiat access for institutional clients using Coinbase Prime and Coinbase Exchange. The setup adds multi-currency funding across AUD, SGD, CAD, CHF, EUR, and GBP, giving institutions more direct ways to fund strategies across regions.　　Coinbase said the structure is built to reduce foreign exchange friction, improve capital efficiency, and support trading across spot, derivatives, and financing from one platform. Prime Trading clients in the European Union are excluded from the feature. The exchange wrote:　　“The direction is clear. A system where capital is not constrained by geography, banking hours, or legacy infrastructure.”　　The new access covers deposits, withdrawals, and settlement support tied to major global currencies. AUD, SGD, CAD, and CHF rails are being added directly, while EUR and GBP settlement will use global systemically important bank-backed infrastructure. Systemically important bank-backed infrastructure refers to financial networks backed by global systemically important banks (G-SIBs), supporting , compliance, and cross-border settlement across global markets.　　Institutional desks often move capital across jurisdictions, products, and time zones. Multi-currency rails give those desks more flexibility when funding , , and broader digital asset strategies. Coinbase also linked the rollout to local

05-28Industry

US CFTC Joins Winklevoss Twins Gemini to Withdraw $5M Penalty

Developments in CFTC v Gemini in the Last Few Days　　Moreover, the evidence against Gemini lacked strength and the requested evidentiary support was withheld from a Commissioner while the CFTC voted on the complaint against Gemini.　　The complaint put the Biden-era CFTCs internal deliberations at issue, “but then litigation counsel invoked the deliberative process privilege and interposed objections to prevent Gemini from obtaining evidence necessary to defend itself.” It added that personnel improperly influenced the regulatory authority to create settlement leverage.　　According to private texts between Trumps former CFTC chair pick Brian Quintenz and Tyler Winklevoss, Quintenz refused to take a position in the enforcement action until he was fully confirmed as Chair. Now, it looks like new Chairman Mike Selig sided with the Winklevoss twins in concluding the CFTC should not have brought the Gemini case.　　The latest CFTCs decision to drop the penalty comes amid pro-crypto regulations. In April, Gemini secured CFTC approval to operate as a Derivatives Clearing Organization (DCO), expanding footprints in the derivatives and prediction markets.

05-28Industry

Bithumb To List Billions (BILL) For KRW Trading

South Korean cryptocurrency exchange Bithumb has announced the upcoming listing of Billions (BILL), adding the token to its Korean won (KRW) trading pairs. The move marks another addition to the exchanges growing roster of altcoin offerings, reflecting sustained demand for diverse digital assets among South Korean retail investors.　　Listing Details and Timeline　　According to an official notice from Bithumb, the BILL/KRW trading pair will be available for deposit and withdrawal starting at a designated time on the listing date. The exchange has not disclosed the exact block time for the initial deposit opening but has confirmed that trading will commence shortly after sufficient liquidity is established. Bithumb typically applies a five-minute trading halt after the initial deposit window to prevent price volatility during the early stages of a new listing.　　What Is Billions (BILL)？　　Billions is a cryptocurrency project that operates within the decentralized finance (DeFi) ecosystem. While specific details about its underlying technology and use cases remain limited in public disclosures, the token has garnered attention from traders looking for early-stage opportunities. Bithumb‘s listing provides a regulated and liquid market for BILL in one of the world’s most active crypto trading regions.　　Market Implications for South Korean Traders　　South Korea remains a significant hub for

05-28Industry

CFTC asks court to scrap Gemini’s $5M enforcement deal

The U.S. Commodity Futures Trading Commission has moved to scrap its $5 million settlement with crypto exchange Gemini after concluding that the enforcement case should not have been filed under the agencys current standards.The CFTC has asked a federal court to vacate its $5 million settlement with Gemini after concluding the case should not have been filed.Regulators said the original complaint relied heavily on a whistleblower account that lacked credibility.Gemini had settled the case in January 2025 over allegations tied to statements made during the approval process for a Bitcoin futures contract.　　In a joint motion filed Wednesday in a Manhattan federal court, the CFTC and Gemini asked the court to vacate the January 2025 consent order that resolved allegations tied to Geminis proposed Bitcoin futures contract.　　The regulator said it had reviewed the matter and determined that continuing enforcement of the settlements remaining provisions would not serve the public interest.　　As previously reported by crypto.news, Gemini agreed to pay a $5 million civil penalty to settle claims that it provided misleading information to the agency while seeking approval for what was set to become the first regulated Bitcoin futures contract in the U.S. The company settled the matter without admitting or denying

05-28Industry

SUI Elliott Wave Signals Wave 5 Drop to 49 Cents

The SUI Elliott Wave structure is doing something the tokens buyers have been trying to ignore. According to moretradingonl on X, $SUI still has not confirmed a meaningful low. The broader concern, per that read, is that wave 4 may have already peaked.　　That puts the market on its way lower in wave 5 toward the 65 to 49 cent area. Not a fringe view. The current price structure from the May high increasingly resembles a five-wave decline. Not what bulls want to see.　　One Level Could Change Everything. Its $1.31　　Key micro resistance sits between $1.12 and $1.31. Only a break above $1.31 changes the outlook, and even then it opens the door to a larger extended wave 4 bounce toward the $1.44 to $2.08 range rather than outright reversal. Below $1.31, the support map reads 97 cents, then 88 cents, then 81 cents, in that order.　　The 4-hour chart from More Crypto Online on Coinbase maps the structure in detail. Wave C of the corrective sequence has already printed near the 2.08 area, and the retracement box below shows extensions at 61.8% near $1.02 and 78.6% sitting down at $0.6494, the level labeled wave 5 on the chart.　　There is a version where

05-28Industry

XLM Jumps 14% as Stellar Reclaims Long-Term Channel Midline

Stellar (XLM) surged more than 14% in the past 24 hours. The move reclaimed the midline of its long-term parallel channel. Price also broke above a key descending trendline.　　The Layer 1 network is now trading near $0.169 with a market capitalization above $5.6 billion. Multiple charts point to follow-through. X traders are already calling for a path to $0.60 on the weekly timeframe.　　Four-Hour Chart Breaks Descending Trendline　　The four-hour XLM chart shows a clean break above a descending trendline. That trendline ran from the April 21 swing high near $0.185. The move came on a sharp volume spike. The largest green candle of the recent range pushed price back above $0.165.　　XLM 4-hourly chart / Source: TradingView　　The Relative Strength Index (RSI) reads close to 75. That sits in overbought territory and suggests the rally may be short-term extended. The Moving Average Convergence Divergence (MACD) histogram prints rising green bars. That signals expanding bullish momentum.　　A pullback into the $0.165 area would give buyers a more measured entry zone. If sellers push the price below the channel midline, the support band at $0.14 to $0.15 becomes the next test. That level previously triggered the current leg of the Stellar rally.　　Daily Chart Reclaims Channel Midline

05-28Industry

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