There Are More XRP Whales Than Ever: Will it Trigger a Price Breakout to $2?

Tech  There Are More XRP Whales Than Ever: Will it Trigger a Price Breakout to $2?  XRP (XRP) has recovered from its April lows of $1.26, rising as much as 19% to a three-week high of $1.50 on Sunday.  Whale activity, network growth and a strengthening technical setup suggested that the XRP/USD pair was primed for a move higher once resistance at $1.50 is broken.  Key takeaways:XRP whale addresses hit record highs of 332,230, indicating accumulation.XRP Ledger monthly transactions hit an all-time high of 71 million in April.Price must break above the $1.50 resistance to continue its upside toward $2.  XRP whales show growing conviction  XRP whales remain confident about the prospects of a breakout, using the recent consolidation range to accumulate more tokens.  Santiments whale count metric indicates that the number of wallets holding at least 10,000 XRP has reached an all-time high of about 332,230.  “This extends a consistent growth trend that has been building since June, 2024,” Santiment in an X post on Wednesday.  Rela  The market intelligence firm explained that the amount of mid to large stakeholders continuing to grow is an important long-term signal showing that “larger holders have kept accumulating even during periods of volatility and uncertainty,” adding:  “Historically, rising numbers of mid-to-large wallets suggest

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Elliptic closes $120M Series D led by One Peak Partners, backed by Deutsche Bank and NASDAQ

Tech  Elliptic closes $120M Series D led by One Peak Partners, backed by Deutsche Bank and NASDAQ  Elliptic, the London-based blockchain analytics company, just pulled in $120M in Series D funding. The round was led by growth equity firm One Peak Partners, with Deutsche Bank, Nasdaq Ventures, and the British Business Bank among those writing checks.  The raise values Elliptic at roughly $670M and pushes its total funding to approximately $224M since the company was founded in 2013.  What Elliptic actually does  The company processes over 1 billion transactions weekly across more than 65 blockchains. It serves over 700 clients spread across 30 countries, a roster that includes banks and government agencies.  The fresh capital will go toward expanding Elliptics AI-driven analytics capabilities. The specific focus: transaction monitoring for stablecoins and tokenized assets.  Why the big names are betting on compliance  Stablecoins are the clearest example of growing compliance demand. Theyve become the de facto rails for cross-border payments, remittances, and increasingly, traditional trade finance. Every one of those transactions needs to be screened for sanctions compliance, anti-money laundering requirements, and counter-terrorism financing rules.  Tokenized assets, the other area Elliptic is targeting, represent an even newer frontier. As firms like BlackRock and Franklin Templeton tokenize treasury funds and other

05-15

MEXC expands Guardian Fund to $500M, acquires 1,000 Bitcoin for dual-reserve structure

Bitcoin  MEXC expands Guardian Fund to $500M, acquires 1,000 Bitcoin for dual-reserve structure  MEXC is scaling its Guardian Fund from $100M to $500M over the next two years, a fivefold increase that includes the purchase of 1,000 Bitcoin. The move creates what the exchange calls a “dual-reserve” structure, blending USDT liquidity with long-term BTC holdings to backstop user funds during periods of market chaos.  What the Guardian Fund actually does  The Guardian Fund is MEXCs version of a user protection reserve, a pool of capital designed to cover users during market volatility, operational disruptions, or the kinds of crises that tend to make crypto traders lose sleep. MEXC has positioned it explicitly as an institutional-grade protection mechanism, not a speculative vehicle.  The funds holdings will be stored in publicly disclosed wallet addresses. That means anyone with an internet connection can verify the reserves on-chain, a transparency measure that has become table stakes for exchanges after the catastrophic failures of 2022 and 2023.  The dual-reserve approach is the interesting piece here. By holding both USDT and Bitcoin, MEXC is hedging in two directions. USDT provides immediate dollar-denominated liquidity, the kind you need when things go sideways fast. Bitcoin, meanwhile, offers potential appreciation and serves as a long-term

05-15

Nakamoto (NAKA) Reports $238M Q1 Loss Despite 500% Revenue Growth

Bitcoin-focused company Nakamoto Inc. (NASDAQ: NAKA) reported a $238.8 million net loss for Q1 2026, despite a staggering 500% revenue increase to $2.7 million. The loss was primarily driven by a $102.5 million mark-to-market loss on its Bitcoin treasury as the cryptocurrency dropped 23% during the quarter. Bitcoin (BTC) currently trades at $79,839, down 37% from its all-time high.  Nakamoto attributed another $107.7 million of the loss to a non-cash reduction tied to pre-acquisition options. During the quarter, the company finalized two strategic acquisitions: BTC Inc., a Bitcoin-focused news outlet, and UTXO Management, an investment platform. CEO David Bailey described the period as “transformational” and emphasized the long-term growth potential of these additions.  Revenue streams reflected a pivot toward diversification. The company generated $1.1 million from its Bitcoin treasury and derivatives strategies, $800,000 from media operations, $500,000 from its soon-to-be-discontinued healthcare business, and $200,000 from asset management services. These results included only a partial quarter of contributions from the acquired businesses, as the deals were finalized on February 20.  Bitcoin Treasury Strategies Under Pressure  Nakamotos struggles underscore the challenges facing Bitcoin treasury companies amid volatile markets. The firm ended the quarter with 5,398 BTC but sold 284 BTC to cover operational expenses on March

05-15

US consumer price index rises 3.8%, highest since May 2023

Tech  US consumer price index rises 3.8%, highest since May 2023  Inflation just reminded everyone its still very much in the room. The US consumer price index climbed 3.8% year over year in April, marking the fastest pace of price increases since May 2023, when CPI hit 4%.  The numbers behind the number  Core CPI, which strips out the rollercoaster of food and energy prices to give a cleaner read on underlying inflation, rose 2.8% year over year. Wall Street consensus had expected 2.7%.  On a month-over-month basis, headline CPI increased 0.3% in April. Thats the strongest single-month gain since June 2022, a period when inflation was still raging near its post-pandemic peak and the Fed was hiking rates at a pace not seen in decades.  Services inflation and shelter costs continue to be the stubborn anchors keeping the index elevated. Energy prices, while not the primary driver this month, remain a wildcard that could push readings even higher if geopolitical tensions escalate or supply disruptions materialize.  What the Fed is thinking  A core reading of 2.8%, still sitting well above the 2% target, gives the Fed essentially zero reason to rush toward easing monetary policy. Markets had been pricing in the possibility of rate cuts in the

05-15

Bybit Expands Institutional Options Access with Orbit Markets RFQ Integration

Bybit has taken another step toward strengthening its institutional trading stack, announcing an integration with Orbit Markets through its request-for-quote, or RFQ, platform. The move brings one of the better-known institutional liquidity providers in digital asset options directly into Bybits execution flow, giving professional traders more access to depth, tighter pricing and smoother large-order execution.  For options traders, especially institutional desks, the quality of execution often matters just as much as the price itself. Large trades can be difficult to place efficiently, and customized structures usually require more than a standard order book. That is where RFQ systems come in. Instead of relying only on open market liquidity, traders can request quotes directly from liquidity providers and compare executable pricing before committing to a trade.  By adding Orbit Markets into that process, Bybit is making its RFQ platform more attractive to sophisticated market participants who want faster, cleaner execution without having to bounce between venues. The integration allows Bybit users to tap Orbit Markets‘ liquidity directly inside the platform’s RFQ workflow.  In practical terms, that means traders can request quotes for large notional trades and tailored options structures, then receive competitive pricing without leaving the Bybit interface. The aim is to cut down

05-15

Nvidia commits over $40B to AI equity deals in 2026, raising dot-com era comparisons

Tech  Nvidia commits over $40B to AI equity deals in 2026, raising dot-com era comparisons  Nvidia has poured more than $40 billion into AI and technology companies so far in 2026, a figure that already surpasses its total investment activity from all of 2025. The GPU giant isn‘t just selling shovels during the gold rush anymore. It’s buying stakes in the mines, too.  The centerpiece of this spending spree is an approximately $30 billion investment in OpenAI, the largest single equity deal in Nvidias history. The remaining billions are spread across a portfolio of AI infrastructure plays, including a notable deal with IREN, a company that used to mine Bitcoin before pivoting to AI compute.  Financing your own demand  Here‘s the thing about Nvidia’s investment strategy: the companies its backing are also its biggest customers. OpenAI runs massive GPU clusters to train and serve its models. IREN is building out AI compute infrastructure. These entities need Nvidia hardware, and lots of it.  In English: Nvidia is writing checks to companies that will turn around and spend a significant chunk of that money buying Nvidia chips.  The IREN deal illustrates the pattern clearly. The arrangement includes a $2.1 billion equity warrant alongside a $3.4 billion AI compute infrastructure

05-15

Wispr seeks funding that would value AI voice startup at $2B

Tech  Wispr seeks funding that would value AI voice startup at $2B  Wispr, the AI startup behind the voice dictation tool Wispr Flow, is reportedly in discussions to raise $260 million at a valuation of $2 billion. The funding round, described as a Series B, hasnt been publicly confirmed by the company, but the reported terms would place Wispr squarely in the upper tier of AI startups that have captured investor imagination over the past two years.  Wispr Flow is a voice dictation application designed to let users control their computers and compose text using natural speech. The product sits at the intersection of two powerful trends: large language models have made natural language processing dramatically more accurate and context-aware, and the broader AI productivity wave has convinced both consumers and enterprise buyers that the old keyboard-and-mouse paradigm is ripe for disruption.  The discussions are reportedly still in early stages, which means the final terms could shift. The competitive landscape is worth noting. Apple, Google, Microsoft, and OpenAI all have voice capabilities baked into their ecosystems. Building a standalone voice product means competing with companies that can bundle similar functionality into existing platforms at zero marginal cost.  Wisprs fundraise has no direct crypto angle. There

05-15

Examining whether Ondo’s rejection at $0.47 opens door to $0.26

Tech  Examining whether Ondos rejection at $0.47 opens door to $0.26  Ondo [ONDO] witnessed an 8.93% drop in Open Interest in the past 24 hours, and its price was down 4.78%. The altcoin has some upward momentum still – it has rallied 12% over the past week.  This Open Interest depression signaled that speculators were likely in the process of exiting the market, awaiting the next strong trend. It must be noted that the altcoin challenged the $0.47 local high on Saturday, the 9th of May.  Source: ONDO/USDT on TradingView  In a recent report, AMBCrypto had warned that the 1-day structure remained bearish. A rally up to the 78.6% retracement level at $0.413 was anticipated, with a small chance of $0.47 being tested before a bearish continuation.  News that a team-linked wallet moved Ondo tokens worth $63.9 million to Coinbase had already warned of potential sell pressure. Though momentum was strong recently, the bearish outlook appeared to have held so far.  The bearish ONDO setup following the recent rejectionSource: X  In a post on X, influencer Cryptorphic laid out a short setup that lined up with the 1-day ONDO chart posted earlier. If the price breached the descending trendline and went above $0.42, it would invalidate the bearish

05-15

Bitwise Hyperliquid ETF to start trading Friday as HYPE rallies on Coinbase USDC deal

Tech  Bitwise Hyperliquid ETF to start trading Friday as HYPE rallies on Coinbase USDC deal  Bitwise will launch its Hyperliquid ETF on Friday, giving investors direct exposure to spot HYPE as institutional demand for Hyperliquid-linked products accelerates.  Introducing the Bitwise Hyperliquid ETF $BHYP—offering 100% direct exposure to spot HYPE. And the first to use in-house staking, rather than a third-party staking provider.  Starts trading tomorrow.  Why Hyperliquid?  We believe Hyperliquid is one of the most important onchain… pic.twitter.com/Of55iF1AMW  — Bitwise (@Bitwise) May 14, 2026  The Bitwise Hyperliquid ETF will trade under the ticker BHYP and offer 100% direct exposure to HYPE, the native token of Hyperliquid. The fund is also the first HYPE ETF to use Bitwises in-house staking infrastructure rather than relying on a third-party staking provider, according to the firm.  The ETFs prospectus shows that the fund is expected to list on NYSE Arca under the ticker BHYP, with a primary objective of tracking the value of HYPE held by the trust and a secondary objective of generating additional HYPE through staking. The fund carries a 0.34% sponsor fee, which Bitwise will waive for one month on the first $500 million in assets.  Bitwise said the fund is designed to give investors a low-cost way to participate in

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