Latest Crypto News & Market Updates

BitMine Nears 5% of Ethereum Supply After $237M ETH Purchase

Ethereum　　BitMine Nears 5% of Ethereum Supply After $237M ETH PurchaseBitMine bought $237 million in Ether last week, pushing its Ethereum holdings above 5.39 million ETH.Ethereum staking is becoming a major revenue stream for BitMine as it expands its MAVAN platform.Crypto treasury firms are increasing staking activity as losses continue to pressure the sector.　　BitMine Immersion Technologies bought 111,942 ether worth about $237 million last week, increasing its Ethereum holdings to 5.39 million ETH. The company now controls roughly 4.47% of Ethereums circulating supply, according to its latest disclosure. The purchase comes as the firm continues to build its position as the largest corporate holder of Ethereum.　　BitMine said in an announcement that its total crypto assets, cash, and strategic investments now stand at $12.3 billion. The portfolio includes 5.39 million ETH, 203 Bitcoin, $444 million in cash, and equity stakes in Beast Industries and Eightco Holdings. Chairman Tom Lee said the company added to its holdings after Ethereum fell below $2,200, describing the price level as an attractive entry point.　　Ethereum Staking Drives Treasury Expansion　　BitMine is expanding its business beyond holding digital assets as it scales up Ethereum staking through its MAVAN validator platform. The company said it has staked about 4.71 million

05-27Ethereum

Ethereum news: Joe Lubins SharpLink (SBET) to join the Russel 2000, 3000 indexes

SharpLink Gaming (SBET), the Ethereum treasury backed by Ethereum co-founder Joe Lubin, is joining the Russell 2000 and Russell 3000 indexes later this month, potentially opening the stock to fresh institutional demand from index-tracking funds.　　The inclusion will take effect after markets close on June 29 as part of FTSE Russells annual index reconstitution, the company said Tuesday.　　Russell indexes are widely followed benchmarks for U.S. equities, with roughly $12 trillion in assets tied to them through passive and active investment strategies, the press release said. Membership in the Russell 2000, the benchmark for small-cap U.S. stocks, could increase trading volumes and institutional ownership.　　SharpLink has emerged as one of the largest public holders of ether (ETH), part of a wave of companies adopting crypto treasury strategies last year modeled after the bitcoin holder Strategy (MSTR). Since then, most digital asset treasuries halted or pivoted to selling their assets as their stock prices cratered and crypto markets pulled back.　　The firm held 872,984 ETH in early May, according to its latest quarterly earnings report, making it the second-largest public ETH treasury, trailing Bitmine‘s 5.4 million ETH stash. SharpLink’s holding is worth roughly $1.8 billion at current prices, and it hasnt reported any ETH purchases

05-27Ethereum

Charles Hoskinson Praises XRP Over Ethereum, USDT & USDC

Ethereum　　Charles Hoskinson Praises XRP Over Ethereum, USDT & USDC　　Charles Hoskinson Backs XRP DeFi Surge, Predicts It Could Outpace Ethereum by 2027　　Cardano founder Charles Hoskinson has sparked fresh debate in the crypto space after making unusual positive remarks about the XRP ecosystem, comparing its trajectory and positioning against major players like Ethereum (ETH) and stablecoin issuers Tether (USDT) and Circle (USDC).　　The comments stand out largely because relations between the Cardano and XRP communities have historically been strained. The two camps have often such as decentralization, governance, and ecosystem design.　　Against this backdrop, Hoskinsons latest tone feels notably different, less combative and more analytical.　　A major focus of his assessment is XRP‘s decentralized finance (DeFi) potential. Hoskinson suggested that XRP-based DeFi could become one of the fastest-growing segments in crypto by 2027, potentially expanding at a than Ethereum’s DeFi ecosystem.　　While Ethereum remains the dominant force in DeFi today, it continues to grapple with scaling limitations, congestion, and liquidity fragmentation across Layer 2 (L2) networks.　　In his view, newer ecosystems like XRP may benefit from starting smaller but growing faster due to a more streamlined and targeted design approach.　　Charles Hoskinson Sees XRP as a Web2.5 Bridge Asset, Highlighting Its Hidden DeFi Potential Despite Past Criticism　　Hoskinson also

05-27Ethereum

South Korea makes first DEX rug pull arrest in CATFI case

The main suspect, surnamed Park, allegedly acted online as the influencer “Eth Father.” Prosecutors said he posed as an unrelated third party, recommended CATFI purchases, managed project social media accounts, inflated follower counts, and posted false positive announcements.　　The group also allegedly spread CATFI across several wallets and used circular trading to hide that the issuing side controlled the token. Prosecutors said this amounted to “the use of fraudulent means, plans, or techniques” and false statements about material facts linked to digital asset trading.　　CATFI surged 1,001-fold before losses　　CATFIs price rose 1,001-fold within 26 hours of issuance, according to Digital Asset. Around 6,000 investors bought the token, while 256 investors later suffered losses of about 900 million won, or roughly $586,000.　　Prosecutors said the group used about 10 million won in criminal funds and gained about 400 million won, or roughly $260,000, in criminal proceeds. The case is also the second known matter under the Virtual Asset User Protection Act, after an earlier centralized exchange case.　　As reported by crypto.news, two South Koreans were arrested in January 2025 over alleged price manipulation on Bithumb involving the Fusionist token, ACE. That earlier matter was described as the first case fast-tracked by the Financial Services Commission

05-27Industry

Dormant Bitcoin whale burns over $8M in BTC as price touches $75K

At the same time, the gap between the two major moving averages has narrowed considerably in recent weeks. The 50-day moving average is now approaching the 200-day moving average, putting traders on watch for a potential golden cross formation if bullish momentum returns.　　In technical analysis, a golden cross occurs when the shorter-term moving average rises above the longer-term average and is often associated with stronger upside continuation.　　Since late March, Bitcoin has rallied from the $63,000 region before running into resistance near $83,000 earlier this month. Recent trading sessions have produced lower highs on the daily chart, while the $75,000 support area continues facing repeated retests.　　Meanwhile, momentum indicators still showed bearish pressure dominating the short-term structure. The Aroon indicator displayed a wide separation between bullish and bearish strength, with Aroon Down holding above 70 while Aroon Up stayed near 7.　　Whale transfer adds to unusual Bitcoin supply activity　　Large dormant-wallet movements have continued drawing attention because many older Bitcoin addresses are linked to early miners, long-term holders, or defunct trading platforms.　　As reported earlier by crypto.news, a separate Satoshi-era Bitcoin whale transferred 2,650 BTC, worth more than $200 million, to crypto trading firms FalconX and Cumberland earlier this week.　　The wallet still held nearly 6,000

05-27Industry

BCH Price Prediction: Oversold Bounce to $385 by June Despite Bearish Undertow

BCHs Technical Reality Check　　Bitcoin Cash is deep in oversold territory with RSI hammered down to 24.62, creating textbook bounce conditions that typically trigger reflexive buying from momentum traders. The price action tells a brutal story – BCH has been methodically grinding below every meaningful moving average, sitting 31% below its 200-day SMA at $508.　　The MACD histogram flatlined at zero reveals momentum has completely stalled after the recent selloff. BCH‘s position at 0.15 within the Bollinger Bands means it’s essentially hugging the lower band support at $323.71. This technical setup indicates short-term oversold relief, but the bigger picture remains structurally damaged.　　The current positioning suggests institutional players may be preparing for this bounce despite broader bearish sentiment, as Blockchain.news market analysis indicates contrarian setups often emerge at these technical extremes.　　Volume & Price Alignment　　The derivatives market is painting a contrarian picture. Negative funding rates at -0.0417% mean shorts are literally paying longs to hold their positions – a sign of oversold extremes that often precede sharp reversals. When bears get this confident, theyre usually about to get squeezed.　　However, the taker buy/sell ratio at 0.86 shows aggressive selling is still dominating, with sell volume outpacing buys 4,574 to 3,934. This creates a dynamic where

05-27Industry

Trump Backs CFTC Authority Over Prediction Market Platforms

Tech　　Trump Backs CFTC Authority Over Prediction Market Platforms　　Trump argued that prediction markets should stay under federal oversight through the CFTC instead of state regulation. The debate centers on whether prediction markets qualify as federally regulated derivatives products or illegal betting platforms. Trump also warned that the US could fall behind other countries if it restricts the industry too heavily.　　Trump Backs Federal Control of Prediction Markets　　US President Donald Trump publicly defended the authority of the Commodity Futures Trading Commission () over prediction markets due to the growing legal pressure against the industry in several US states. In a that was shared on his social media platform Truth Social on Tuesday, Trump argued that the CFTC should maintain “exclusive authority” over prediction markets and the industry should be allowed to continue operating and expanding in the United States.　　Trump criticized state officials and regulators that have taken action against prediction market platforms like Kalshi, , Crypto.com, and . Several states have either filed lawsuits or issued cease-and-desist orders against these companies, arguing that they are offering unlicensed gambling products under the guise of financial markets. Trump dismissed this and claimed that prediction markets are an important new financial industry that should stay under

05-27Industry

Technical analysis and signals: S&P, Nasdaq and Dow Jones

Finance　　Technical analysis and signals: S&P, Nasdaq and Dow Jones　　We have dipped to support at 7530/20 & longs need stops below 7510.　　So far the trade is working as we bounce to 7548 & hopefully can target 7555 before a retest of the new all time high at 7569.　　Then a break higher targets 7590/7595, perhaps as far as 7645/55.　　However a break below 7510 risks a slide to 7490/7485, with good support at 7465/60.　　Nasdaq futures　　Emini Nasdaq June futures beats the all time high at 29782 for a buy signal.　　Targets: 29950/30000 (already hit) then 30450/490.　　We held first support at 29750/29650 & longs need stops below 29550 if retested today.　　Emini Dow Jones futures　　Emini Dow Jones June beat all time high at 50292 for a buy signal targeting 50630/690 then 50940/990.　　Both targets hit with a new all time high at 51209…but we have unexpectedly collapsed.　　First support at 50300/50200 & longs need stops below 50000.　　Just be aware that a break above the all time high can target 52050/52150.

05-27Industry

Brent: Pullback from recent peak tempers yields – Danske Bank

Finance　　Brent: Pullback from recent peak tempers yields – Danske Bank　　Danske Research Team highlights that Brent Oil has eased from a recent high near USD 100.5 per barrel to around USD 98. The move is described as limited, but sufficient to take some pressure off US Treasury yields. They suggest that Oil-driven rate volatility has moderated slightly in the latest session.　　Price eases back below recent highs　　“In the US-Iran war, Iran condemned the US attacks on Iranian vessels and missile launch sites on Monday evening, arguing that they were a violation of the ceasefire. Irans Revolutionary Guard reserved the right to retaliate.”　　“Despite the escalating tensions, back-channel talks between the two sides appear to continue, with both parties believed to be seeking a diplomatic resolution.”　　“Signs of normalisation are also emerging domestically, as Iran began restoring public internet access after one of the worlds longest nationwide blackout periods.”　　“Brent oil is declining somewhat overnight from yesterdays peak of USD 100.5/bbl down to USD 98/bbl”

05-27Industry

China’s top judiciary studies new rules for virtual currency cases

Chinas top court officials have signaled fresh scrutiny of cryptocurrency-related disputes after authorities said they would study judicial rules for cases involving virtual currencies and cross-border finance.China‘s Supreme People’s Court said it will study judicial rules for crypto and cross-border finance-related disputes.Chinese regulators have already expanded crypto restrictions this year to cover offshore yuan stablecoins and tokenized real-world assets.While mainland China continues its crypto ban, Hong Kong has moved ahead with stablecoin licensing and virtual asset regulations.　　According to comments made during a Wednesday press conference in Beijing, Liu Guixiang, a member of the judicial committee at China‘s Supreme People’s Court, said Chinese courts would carry out deeper research into adjudication standards tied to “emerging cases” involving virtual currencies and overseas financial activity.　　Liu also said judicial authorities would accelerate work on legal interpretations related to civil compensation in insider trading and market manipulation cases, though he did not provide a timeline for the measures.　　Held under the framework of China‘s “15th Five-Year Plan,” the briefing formed part of the country’s long-term policy roadmap through 2030, which includes cybersecurity integration across digital governance and financial infrastructure.　　Even as mainland China continues enforcing one of the worlds strictest crypto crackdowns, local courts have previously treated

05-27Industry

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