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

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Ethereum Traders Increase Leverage Exposure: Liquidity Returns To Binance Futures Market

Sebastians journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.  As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastians contributions quickly gained recognition, and he became a trusted voice in the online crypto community.  To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.  Sebastians passion for finance and writing is evident

05-22

Can Hyperliquid price hit ATH as ETF launch leads rising wedge breakout?

Hyperliquid price has formed a rising wedge pattern on the daily chart   The move also carried HYPE above all major moving averages. The 20-day SMA sits near $44.4, while the 50-day and 100-day averages remain clustered around $42.1 and $38, respectively. The 200-day moving average near $34.1 continues sloping upward, reinforcing the longer-term bullish structure. Sustained trading above the 20-day average historically coincided with extended momentum phases during previous HYPE rallies.  Momentum indicators strengthened materially during the breakout. The MACD histogram flipped aggressively positive on the daily timeframe while the signal line crossover expanded to its widest bullish spread in months. Traders generally interpret the setup as confirmation that upward momentum remains dominant despite increasingly overbought conditions.  Derivatives positioning amplified the rally further. CoinGlass liquidation data showed nearly 98% of recent liquidations were short positions as traders attempted fading the breakout above $50 resistance. Forced buybacks from liquidated shorts likely accelerated the final leg higher toward $57. Open interest simultaneously climbed alongside price, signaling fresh leveraged participation entering the market rather than traders simply closing positions.  Funding rates across major exchanges also turned sharply positive, indicating bullish directional positioning dominated perpetual futures markets. Although elevated funding rates can eventually create conditions for a

05-22

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.  Kraken also plans to offer institutional clients access to Kraken Prime. The service targets funds,

05-22

Everclear and ZERO Network Shutdowns Add to Growing List of 2026 DeFi Closures

Everclear and ZERO Network announced shutdowns this week, marking the latest casualties of accelerating closures in the Decentralized Finance (DeFi) space in 2026.  The announcements come amid a broader market downturn that has pressured crypto companies.  Everclear and ZERO Cite Different Pressures  In a post on X, Everclear said the project was built around a solver model for rebalancing cross-chain funds. The segment never gained enough commercial depth, with users heavily focused on price. Monthly volume reached $500 million, but that activity did not produce sustainable revenue.  Everclear pivoted to a business-to-business-to-consumer (B2B2C) model over the past six months, signing on several major industry partners. The team said it underestimated partner onboarding timelines, and the runway ran out before deals went live.  “If funds remain after all liabilities are settled, we are exploring a buyback of existing tokens — the sum of the buy backs potential sum might be in the range of $50–200k. We will share full details and mechanics before anything is finalized. The buyback is not certain,” the post read.  Crypto projects that have shut down, wound down, or filed for bankruptcy in 2026:  JANUARY  MilkyWay  Pixiland  Sound xyz  Nifty Gateway  Entropy  Slingshot  Forgotten Runiverse  Foundation  FEBRUARY  Polynomial  ZeroLend  Parsec Finance  Step Finance  Solana Floor  Remora Markets  MARCH  ZERO Network framed its closure as a strategic refocus by Zerion on its

05-22

Philippines chases AI gains despite readiness gap: forum

Industry leaders, government officials, and development economists converged at a BusinessWorld forum on May 18 to map out the Philippines‘ AI future—and confronted a shared concern: the country’s ambitions are outpacing its infrastructure, workforce, and governance capacity.  AI governance and the future of AI in the Philippines  AI governance should align innovation with safeguards and protection: this was the message of the Philippines Department of Information and Communications Technology (DICT) Secretary Henry Aguda in the forum. He stressed the need for trust to widen AI adoption and claimed that the DICT is prioritizing data protection and cybersecurity as AI tools become more embedded in public services and businesses.  “AI governance can‘t be about choosing between innovation and protection. We need both. And what we really need to protect is trust. Because without trust, adoption slows down, and the benefits won’t reach the people who need them most,” he said. “AI is not coming; it‘s already here. It’s already part of how we work, learn and deliver services.”  According to Deloitte Philippines Country Head Ramon Chito Ramos, although AI adoption is improving among enterprises, human capability is slowing its adoption. He highlighted the need to upgrade digital infrastructure to support AI workloads, while also noting

05-22

MATIC Price Prediction: Sub-$0.30 Breakdown Looms as Bears Circle $0.38 Support

Polygon sits in no-man‘s land at $0.38, caught between sellers unloading into every bounce and buyers who’ve gone radio silent. The token‘s grinding sideways action masks a deeper structural problem – it’s trading a staggering 45% below its 200-day moving average at $0.69, signaling institutional money has long since rotated elsewhere.  The 24-hour volume of just $1.07 million on Binance tells the real story. This isn‘t consolidation; it’s abandonment. When Blockchain.news reported earlier projections suggesting MATIC could hit $0.75 by year-end, those forecasts assumed the Layer 2 narrative would maintain steam. Instead, were watching a slow-motion capitulation as newer scaling solutions capture mindshare.  Indicator Alignment  The technicals are painting a brutally clear picture that contradicts any bullish spin. RSI at 38 isn‘t oversold territory – it’s the sweet spot where weak hands finally throw in the towel. More damning is the MACD histogram sitting at essentially zero (-0.0000), confirming momentum has completely evaporated.  Bollinger Band positioning at 0.29 means MATIC is hugging the lower third of its volatility range, with the next logical destination being a test of the $0.31 lower band. The daily ATR of just $0.02 shows volatility compression that typically precedes violent moves, and with price below every meaningful moving average,

05-22

US Regulators Pause Prediction Market ETFs as Galaxy-BitGo $100M Court Fight Reopens

Across the courtroom this week, Galaxy Digital and BitGo opened oral arguments over the collapse of their once-$1.2 billion merger, with the dispute reaching its fourth year since the deal was first announced. BitGo is pressing Galaxy, led by founder and chief executive Michael Novogratz, for at least $100 million in damages over what it characterizes as a deliberate retreat from a binding transaction. The custodian alleges that Galaxy failed to use reasonable efforts to close and concealed details of U.S. regulatory probes that would have materially affected the mergers viability. Galaxy terminated the acquisition in August 2022, asserting it was not contractually obligated to pay a termination fee.  At the center of Galaxy‘s defense is BitGo’s failure to deliver audited 2021 financial statements by the July 31, 2022 contractual deadline. Galaxy maintains that the missed milestone gave it grounds to walk without penalty, while BitGo counters that Galaxys wider motivations were shaped by deteriorating market conditions during the bear market and by undisclosed regulatory pressure. The disagreement underscores how heavily mergers and acquisitions in digital assets depend on timely audited disclosures, a requirement that even large, well-capitalized counterparties have struggled to satisfy during periods of acute market stress and rapidly

05-22

Iran Nuclear Talks Enter New Phase After Disputed Uranium Reports

Iran‘s nuclear position returned to the center of global market attention after conflicting reports over the country’s enriched uranium stockpile.  A recent report said that Iran‘s Supreme Leader had directed that near-weapons-grade uranium should not be sent abroad, a move that would harden Tehran’s stance in peace talks with Washington.  However, a senior Iranian official later denied that any new uranium order had been issued, according to market news account Walter Bloomberg. The official called the claims “enemy propaganda” and said Iran would continue domestic downblending, with the issue left for the next round of talks.  Iran Pushes Back on Uranium Report  The uranium question matters since Washington has made the future of Irans enriched stockpile a central part of any peace deal. Reuters reported that the U.S. wants Iran to ship out its stockpiles, while Tehran wants security guarantees, recognition of its sovereignty over Hormuz, and an end to strikes.  Reports earlier in the day said Irans Supreme Leader ordered the material to remain inside the country. That raised concern that one of the main negotiation points had become harder to resolve. Oil prices rose after the Reuters report, with Brent crude climbing to $108.53 and WTI moving above $101, as traders priced a

05-22

Gold remains depressed as hawkish Fed and Iran tensions underpin USD

Gold seems vulnerable while below descending channel/200-EMA confluence hurdle on H4  From a technical perspective, the XAU/USD pair is holding within a broader descending channel and below the 200-period Exponential Moving Average (EMA) on the 4-hour chart, keeping the near-term bias capped despite some stabilization. The top of the downward-sloping channel near $4,657.44 converges with the 200-period EMA to form a dense overhead supply area. This, in turn, suggests that recovery attempts are likely to struggle while the Gold price remains under this band.  Meanwhile, the Moving Average Convergence Divergence (MACD) indicator has turned positive, while the Relative Strength Index (RSI) hovers around 45. Mixed momentum indicators hint at easing downside momentum, though they are not yet signaling a decisive bullish shift against the dominant structural downtrend. Hence, a clear break above the aforementioned clustered resistance zone would be needed to relieve the current bearish pressure.  On the downside, the lower boundary of the parallel channel near $4,362.54 acts as the next meaningful support. A sustained break beneath this floor would reinforce the broader bearish structure and open the way for deeper losses in the coming sessions.  (The technical analysis of this story was written with the help of an AI tool.)  Gold FAQs  Gold has

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