Euro: Downside risks against Sterling below 0.8610 – Societe Generale

Societe Generales Kenneth Broux highlights that EUR/GBP is trading within a Head and Shoulders pattern, implying potential downside if key levels give way. A sustained break below 0.8610 is seen as crucial for confirming a deeper decline, with 0.8730/0.8740 acting as near-term resistance and 0.8535 as the next downside objective within a broader descending channel.  Head and Shoulders signals downside risk  “EUR/GBP has evolved within a Head and Shoulders pattern, which points towards potential downside.”  “However, a break below the neckline at 0.8610 will be crucial for confirmation.”  “If EUR/GBP establishes below 0.8610, the downtrend may extend.”  “Recent pivot high around 0.8730/0.8740 remains a key resistance in the short-term.”  “The next objective could be located at projection of 0.8535, which is also the lower limit of a multi-month descending channel.”

05-26

Brent: War headlines drive sharp swings – Deutsche Bank

Deutsche Banks Jim Reid and team note that Brent Oil has fallen sharply as hopes build for a deal to end the Iran war, with prices dropping back below $100. The bank links recent Oil weakness to reduced stagflation fears and lower inflation expectations.  Iran conflict headlines steer Oil prices  “Since the weekend, the real hope is that the days may also be numbered for the war in Iran as well, with momentum building since the start of the weekend that a deal could be in the works. Brent, which ended last week at $103.54/bbl, is this morning trading at $97.87/bbl, around -5.48% lower than Fridays close.”  “However, Brent had got as low as $96.02 late yesterday before news overnight that US and Israeli jets conducted fresh strikes in Southern Iran, hitting missile launch sites and mine-laying boats.”  “Recapping last week now, more for those who were off yesterday. Markets put in a strong performance overall, as hopes mounted for some kind of US-Iran deal. So that raised investor expectations that the Strait of Hormuz might reopen in the weeks ahead, which helped to bring down oil prices.”  “Indeed, Brent crude fell -5.24% last week to $103.54/bbl, whilst WTI fell -8.37% to $96.60/bbl.”  “That decline in

05-26

OpenAI pre-IPO perpetual: Aster launches $OPENAI contract

Retail traders just got a new way to bet on one of techs most closely watched private companies. The OpenAI pre-IPO perpetual is now live on Aster, giving users a leveraged crypto instrument tied not to actual OpenAI stock, but to what the market thinks that stock could be worth.  That distinction is the whole story. The new contract, listed under the ticker $OPENAI, opens the door to pre-IPO speculation without offering any ownership in OpenAI itself. It is a synthetic trade built for price exposure rather than equity participation.  Aster rolled out the product on May 26, 2026, extending a fast-growing crypto trend that is pulling private-company valuations into perpetual futures markets. For traders, it offers access. For the market, it raises a harder question: how far crypto venues can go in packaging private-company hype into tradable derivatives before regulators step in.  Asters OpenAI pre-IPO perpetual goes live  Aster has launched an OpenAI pre-IPO perpetual contract that allows traders to take positions on OpenAIs implied valuation through a synthetic perpetual futures product.  The contract trades under the ticker $OPENAI and offers up to 5x leverage. That cap is lower than what many crypto perpetual venues allow on more established assets, but it still gives

05-26

Billions Network may be approaching breakout confirmation - $0.1400 next?

Market sentiment around Billions Network [$BILL] has started stabilizing after weeks of heavy selling pressure weakened broader bullish momentum. Buyers also gradually returned once the market defended a major support zone beneath slowing panic-driven liquidations.  BILL later rebounded sharply after collapsing by nearly 72% from the broader $0.23673 peak towards the $0.06622-support zone.  The recovery also strengthened after the price formed consecutive higher lows while reclaiming the broader $0.11929 trading region gradually.  Source: BILL/USD on TradingView  Volume expanded aggressively during the capitulation wick near $0.06622, reflecting stronger buyer absorption beneath exhausted bearish momentum conditions. Meanwhile, the 4-hour RSI climbed towards 63 while remaining below the overheated territory above 70.  And yet, BILL still requires a decisive breakout above $0.1250 before confirming sustained bullish continuation momentum.  $0.12735 breakout confirmation zone next in line?  BILL increasingly entered a volatility compression phase once bullish momentum started colliding with heavy overhead liquidity near key resistance. Buyers also continued to absorb remaining sell-side pressure as the price tightened beneath a major breakout threshold recently.  The price later climbed towards roughly $0.12307 while compressing directly beneath the broader $0.12735 structural resistance region.  Meanwhile, the upper Bollinger Band near $0.12664 tightened sharply, reflecting a growing volatility squeeze across the broader structure.  Source: BILL/USD on TradingView  That compression increasingly

05-26

Ethereum at $2,100 as Vitalik denies selling: rebound next?

Ethereum traded near $2,100 on May 26, according to crypto.news price data. Ethereum hovered near $2,100 as traders watched $2,000 support and $2,400 resistance again this week.Vitalik Buterin said the Ethereum Foundation will sell less ETH under its leaner long-term plan.Ali Martinez warned a weekly close below $1,850 could open lower Ethereum accumulation tiers ahead.  Meanwhile, the token was down 0.12% over 24 hours and 1.7% over seven days. Its 24-hour trading volume stood at $9.72 billion, while market capitalization reached $253.25 billion.  The same data showed Ethereum moving between $2,080 and $2,140 during the day. That kept ETH close to the wider $2,000 to $2,100 support zone that traders have watched since the latest pullback.  Short-term indicators still show weak momentum. The Awesome Oscillator was negative at -153.30, meaning sellers still control the current trend. The Chaikin Money Flow was also slightly negative at -0.04, pointing to mild capital outflow rather than strong accumulation.  Ethereum (ETH) price chart, source: crypto.news  Volume stood near 46.84K on the chart, which looked moderate compared with earlier selloff spikes. That means the move lower has not yet shown clear panic selling. A recovery above $2,300 to $2,400 would improve the setup, while a loss of $2,000 would raise

05-26

LINK Price Prediction: $12 Breakout Target as Consolidation Nears End

Technical Setup Points to Breakout  Chainlink sits in textbook consolidation territory, with price action compressed between key support and resistance levels. The current technical picture shows momentum indicators reaching equilibrium after weeks of sideways movement, creating conditions that historically precede significant directional moves.  Price remains anchored near the middle of its recent trading range, with neither buyers nor sellers showing decisive control. This balance creates opportunity for those positioned ahead of the eventual breakout. Moving averages are converging, while oscillators reset from previous extremes.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full LINK price, calculator & analysis  The technical foundation suggests accumulation rather than distribution, particularly given how price has held above previous support zones during recent market uncertainty.  Market Structure Analysis  Current market structure reveals institutional interest despite surface-level price stagnation. Professional traders often accumulate during consolidation phases when retail attention wanes, creating the foundation for subsequent moves.  The derivatives landscape shows positioning that favors upside resolution, with market participants building exposure without creating the imbalances that typically precede corrections. This measured approach to positioning suggests confidence in higher prices ahead.  According to Blockchain.news, professional trading activity often increases during these consolidation periods as institutions prepare for

05-26

Fake Uniswap Site Drains $400,000 From Multiple Wallets, Investigator Warns

A phishing site impersonating Uniswap has drained crypto from multiple wallets.   According to a community alert from on-chain investigator b-block on X, attackers are currently sitting on roughly $400,000 across two flagged addresses.  Phishing Scammers Hit Crypto Users Again  This is not a new issue. Analysts have been raising warnings about phishing websites for months.  In February, Hayden Adams publicly criticized the phishing scams.  “These scams are horrible, weve been fighting them for years,” he said.  Adams said fraudulent apps impersonating Uniswap circulated while the company waited months for approval on Apples App Store. He also noted that scam advertisements continued to reappear despite ongoing reporting efforts.  Fake interfaces have become one of the most common phishing vectors in Decentralized Finance (DeFi). Scammers buy search ads and register lookalike domains that mirror the official front-end, then prompt users to sign malicious approvals.  The FBIs 2025 Internet Crime Report logged 181,565 cryptocurrency-related complaints, totaling $11.36 billion in losses, a 22% increase from 2024. The average crypto fraud victim lost $62,604.  Crypto-linked phishing and spoofing alone produced 7,164 complaints and more than $111 million in reported losses. Data from blockchain security firm Scam Sniffer also showed that signature phishing attacks siphoned $6.27 million from crypto wallets during the first month

05-26

Hyperliquid takes a swing at Polymarket with macro outcome bets

Decentralized platform Hyperliquid is now competing with established betting platforms such as Polymarket, but with a differentiated mechanism for resolving bets.  The leading decentralized exchange has expanded its HIP-4 outcome contracts beyond crypto price milestones into real-world events. This native prediction-market infrastructure allows users to trade macro contracts, such as inflation data and interest-rate decisions, directly alongside their standard crypto perpetuals out of a single account.  Outcome markets mark a notable expansion for the decentralized derivatives venue, which built its business around crypto perpetual futures and initially tested the product using price‑outcome contracts settled against its own market data.  Hyperliquid first tested the product on exchange‑native outcomes, such as whether bitcoin would trade above a specific level by a fixed time using Hyperliquids own reference prices. The latest rollout expands that model into real‑world macro events, or offchain outcomes, like U.S. inflation and Federal Reserve decisions, directly competing with prediction market platforms like Polymarket.  Native resolution  What sets it apart is that HIP‑4 brings dispute resolution and settlement in‑house, rather than depending on an external oracle network like Polymarket.  Heres why it matters. Offchain events introduce a new problem: determining truth.  Polymarket handles this through UMA, an external oracle protocol that uses an optimistic dispute system. A

05-26

XRP Ledger to delete NFT junk and patch key bugs in a new upgrade

XRP Ledger, the Layer 1 blockchain that uses the XRP token to facilitate multi-currency transactions, is slated to implement a major maintenance and bug-fixing upgrade Wednesday.  If you run a node, a computer that helps verify transactions on the network, you need update to the latest version by the deadline, or face disconnection from the network entirely. For regular users who just hold XRP in a wallet or on an exchange, you dont need to do anything.  The upgrade, called the fixCleanup3_1_3 amendment, patches the following key bugs and inefficiencies that have built up over time. Heres what each one does.  Removing expired NFT offers automatically  On the XRP Ledger, people create and trade non-fungible tokens, or digital collectible and gaming items. When a user lists an NFT for sale, it creates an “offer” on the network.  As of now, if an offer expires or just sits there without anyone accepting it, it stays on the ledger forever, taking up storage space. The impending fix will automatically delete such expired offers. Think of it like a classified ad in a newspaper: once the listing expires, the system tears it up instead of letting it pile up in the archives.  Protecting restricted settings from accidental changes  The XRP

05-26

Blue Jays’ John Schneider Sends Message On $60M Bo Bichette Replacement As Concerns Mount

The Toronto Blue Jays suffered a loss to the Pittsburgh Pirates on Sunday but that seemed to be the least of their worries.  The game also featured some injury scares for two key players in a season that has been marked by numerous setbacks across the roster.  “A disappointing start to the Toronto Blue Jays‘ season took a darker turn Sunday, May 24 when the club lost slugger Vladimir Guerrero and No. 2 starter Dylan Cease to injury in the same game,” Gabe Lacques reported for USA Today. “That’s $710 million worth of salary departing their series finale against the Pittsburgh Pirates…”  Directly after the game, the team indicated that both stars might have avoided the worst in their injuries, but it was still a reminder of just how disappointing this season has been so far for a team that made it all the way to Game 7 of the World Series last year.  And not all of the teams problems can be attributed to the surge of injuries.  Toronto Blue Jays $60 Million Star Kazuma Okamoto Stuck In Concerning Slump  After the Blue Jays brought in Japanese veteran infielder Kazuma Okamoto and parted ways with longtime franchise shortstop Bo Bichette, it seemed like their batting

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