South African Rand: SARB tightening and fiscal risks – BNY

Finance  South African Rand: SARB tightening and fiscal risks – BNY  BNYs Bob Savage argues that South African Reserve Bank (SARB) is likely to lead emerging market tightening as South Africa reverses its easing path and hikes the repo rate back to 7.0%. The report notes improving inflows and mining-related support for South African Rand (ZAR), but stresses that higher U.S. yields and Fed policy set the bar, requiring more forceful Emerging Markets (EM) moves to maintain credibility and stabilize South African government bonds (SAGBs).  SARB leads EM rate reversal  “A shift in the Feds policy stance has reset the benchmark for emerging market central banks. On the back of surprise hikes in Asia to defend currencies and avoid excessive outflows, there are many candidates in EM that can follow, especially if fiscal performance is also under pressure, or other idiosyncratic factors come into play. Turkey is seen as a candidate, especially with growing reserve stress, but South Africa is likely to take the lead this week as it reverses course and hikes the repo rate back to 7.0%.”  “This marks a sharp reversal from the easing path the SARB had established before the conflict, which had been reinforced by a lower inflation target and

05-26

Vitalik’s smaller Ethereum Foundation tests ETH holders’ demand for execution

Ethereum  Vitalik‘s smaller Ethereum Foundation tests ETH holders’ demand for execution  With at least nine senior Ethereum Foundation (EF) members having left in 2026 and years of community frustration over EF-linked ETH sales, Vitalik Buterin posted his perspective on the Foundations direction.  For Buterin, the EF should become smaller, more opinionated, and less central to Ethereums future.  He said this reflects his view alone and that the board is expanding while his own power within the organization continues to decrease, which he described as what he wants.  The dispute now centers on Ethereum Foundation ETH sales, treasury discipline, and whether outside groups can take over the growth functions holders want EF to own.  That framing puts Buterin directly at odds with a vocal segment of ETH holders who want the Foundation to behave more like a growth-oriented institution, competing harder against Solana, building the ETH-as-asset narrative, coordinating business development, and stepping up execution.QuestionETH-holder demandVitaliks answerWhat should EF be?Growth-oriented institutionOne node among manyWhat should EF optimize for?ETH value, adoption, executionCROPS: censorship resistance, open source, privacy, securityWhat should EF do with ETH?Stop or reduce sellingSell less by becoming narrowerWho handles BD and asset narrative?EF should coordinate itOutside organizations should step inWhat is the risk?Ethereum under-competesEthereum becomes too centralized

05-26

XRP Price Eyes Shift as Binance Reserves Hit 3-Month Low

That distinction remained important for XRP crypto sentiment. A reduction in bearish bets usually lowered downside pressure, but it did not automatically confirm a fresh rally. Sustainable upside typically required rising open interest alongside stronger spot demand.  The analyst added that bearish positioning appeared to be ending gradually. However, leveraged long participation had not yet accelerated enough to confirm renewed bullish momentum.  Derivatives activity across crypto markets also cooled during the past several weeks. Lower leverage levels reduced liquidation risk but weakened breakout strength. XRP price therefore remained trapped between fading bearish pressure and absent bullish expansion.  Meanwhile, on-chain behavior hinted at a longer holding trend among some investors. Falling exchange reserves historically aligned with accumulation phases, though reduced trading activity could produce similar readings. That uncertainty prevented traders from treating the reserve drop as a direct bullish signal.  Binance Reserve Trends Shifted Market Liquidity Outlook  Binance reserve trends often acted as liquidity indicators because the exchange handled large XRP trading volumes globally. When reserves declined steadily, fewer tokens remained available for rapid distribution into the market.  This shift occurred while broader XRP crypto participation stayed relatively subdued. Spot volumes remained lower than levels recorded during earlier volatility periods, and derivatives traders appeared cautious after months

05-26

Hyperliquid price rallies over 40% in a week, can bulls push higher?

After consolidating near the upper trendline throughout April and early May, bulls forced a vertical breakout above channel resistance near $50, triggering an accelerated momentum move toward the current $64 region. The breakout also invalidated previous bearish divergence concerns that had emerged earlier this quarter.  The 50-day moving average currently sits near $44 while the 200-day moving average remains around $34.5, highlighting the strength of the ongoing trend structure. HYPE continues to trade substantially above both key support levels, a setup that typically signals strong bullish continuation conditions.  Momentum indicators have also turned decisively bullish. On the daily timeframe, the MACD histogram remains deeply positive while the MACD line continues expanding above its signal line after a strong crossover earlier this month. Expanding histogram bars suggest buying momentum has not yet fully exhausted itself despite the steep rally.  Derivatives positioning also points toward elevated volatility ahead. According to CoinGlass liquidation heatmaps, large leveraged short liquidation clusters are concentrated between $65 and $66.7. A decisive breakthrough in this region could trigger forced liquidations from overleveraged bears, potentially accelerating upside momentum in a short squeeze scenario.  Hyperliquid liquidation heatmap | Source: CoinGlass  Beneath current prices, notable liquidity pockets have formed near $61 and $60.5, creating important short-term

05-26

Silver price today: rises on May 25

Finance  Silver price today: rises on May 25  Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $77.80 per troy ounce, up 3.02% from the $75.52 it cost on Friday.  Silver prices have increased by 9.45% since the beginning of the year.Unit measureSilver Price Today in USDTroy Ounce77.801 Gram2.50  The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 58.56 on Monday, down from 59.71 on Friday.

05-26

Cardano Price Prediction: Hoskinson Takes Governance Into His Own Hands as ADA Wedge Nears Its Limit

Price reclaimed the top of its descending channel after Fridays scare, which had briefly threatened a drop to the lowest levels since March. That bounce held, but the chart is not clean yet. The Parabolic SAR sits at $0.2635, well above current price, keeping the daily bias bearish. A retest of the 50-day moving average near $0.2538 is the next logical step if bulls maintain momentum through the week.  Multiple Fair Value Gaps are stacked between $0.29 and $0.37, with Fibonacci confluence at the 0.5 level ($0.29245), 0.618 ($0.3094), and 0.705 ($0.3220). None of those matter unless ADA first clears $0.25 and reclaims $0.2754, which aligns with the 0.382 Fib and prior structure resistance.  ADA Key levels for May 26:Resistance: $0.2500, $0.2635 (SAR), $0.2754 (0.382 Fib)Support: $0.2400 (wedge lower trendline), $0.2200 (macro floor)  Cardanos Real Problem Right Now: Urgency, Not Fundamentals  Criticism circulating this weekend called out Cardano‘s $128M TVL, $1.3M daily DEX volume, and 17,000 active addresses as proof the chain is overvalued at a $9B market cap. The TVL figure is misleading, Cardano’s staking model means locked value never shows up in standard TVL counts, and by staked assets alone it would rank among cryptos highest. The claim that Cardano has no

05-26

Solana captures 64% of tokenized stock wallets – What it means now

Tokenized equities had already started gaining broader traction before Solana strengthened its lead across on-chain stock ownership markets recently.  Retail participation also accelerated once lower fees and faster settlement reduced barriers to global equity access.  Solana tokenized stockholders later climbed toward roughly 192,100 wallets, representing nearly 64% of total cross-chain participation overall. Growth also accelerated sharply after November 2025 before reaching fresh highs into May 2026 beneath expanding adoption conditions.  Source: Token Terminal  Meanwhile, BNB Chain remained near roughly 63,200 holders, while Ethereum [ETH] stayed closer toward 36,800 beneath slower network activity. That widening lead increasingly reflected how users prefer faster execution and cheaper transfers during active trading conditions.  However, tokenized equities still represent a very small share of broader traditional financial markets worldwide.  If adoption continues rising steadily, Solana may strengthen its role as a growing gateway for tokenized real-world financial assets.  DeFi revenue reaches historic highs  Tokenized financial adoption had already started expanding across blockchain networks before DeFi cash flows accelerated toward historic revenue levels recently. Institutions and retail users also increased participation once on-chain infrastructure started generating stronger recurring economic activity.  Holder revenue later climbed toward roughly $750 million year-to-date after 2025 peaked above nearly $2.1 billion across all chains. Earlier between 2022 and 2023, revenue

05-26

Hyperliquid price rallies over 40% in a week, can bulls push higher?

Hyperliquids native token $HYPE has surged more than 40% over the past seven days, fueled by aggressive institutional accumulation, fresh all-time highs in derivatives activity, and a major technical breakout that has traders eyeing another leg higher.  According to data from crypto.news, Hyperliquid ($HYPE) climbed from around $45 last week to an intraday high near $64 on May 25 before consolidating around the $63 region at press time. The move came even as Bitcoin struggled to decisively reclaim the $110,000 level and several large-cap altcoins traded sideways amid renewed macro uncertainty tied to U.S. Treasury yields and Federal Reserve rate expectations.  Institutional catalysts have played a central role in the rally. Earlier this month, both the 21Shares Hyperliquid ETF and Bitwises Hyperliquid ETF debuted on U.S. exchanges, opening direct institutional access to $HYPE exposure. Combined inflows into the two products reportedly surpassed $53 million during their opening sessions, adding significant spot demand pressure to an already supply-constrained market.  Adding to the bullish narrative, Bitwise disclosed that it would allocate 10% of ETF management fees toward purchasing and holding $HYPE tokens on its balance sheet. Traders interpreted the move as an early sign that asset managers may begin treating $HYPE as a strategic treasury

05-26

Vitalik Buterin pushes Ethereum Foundation toward AI-verified code

Vitaliks thoughts on the efforts to save and strengthen EF. Source: X.  Buterin reiterated that the foundation was just another node and not a central authority like Ethereum. It was consistent with its original objective during the token sale era, which was completed with the help of the Serenity upgrade.  Fiscal responsibility is at the heart of the pivot. At present, the EF owns only about 0.16% of the total ETH in circulation—significantly less than even some individuals or corporations—and is certainly not set up to be an everlasting guardian of the entire ecosystem.  To maximize effectiveness, it will focus on longevity rather than breadth, meaning it will sell less ETH.  Vitalik boosts EFs technical vision, taking on CROPS  Buterins vision starts and ends with the need for Ethereum to be “deeply impressive” within CROPS, not speed alone, which would simply make it mediocre. He flat-out rejects 250ms latency and 1 million TPS as a recipe for failure, as it would render Ethereum no more decentralized than its competitors.  Instead, the team will aim to achieve three key objectives with respect to technology, all of which can be done with the aid of high-throughput and scalable L2 systems:  Provably bug-free software via AI-assisted formal verification: What was

05-25

Mow: I Feel Sorry for Ethereum

Many rollups still rely on centralized sequencers, and massive staking pools of the likes of Lido continue to dominate the base layer (hence, centralization concerns are alive and well).  Ethereum is bleeding market dominance while struggling to defend its utility against other competitors.  Tom Lees multi-billion dollar catastrophe  Ethereums predicament is becoming painfully apparent on Wall Street.  Tom Lees firm, BitMine Immersion Technologies, is currently shouldering catastrophic paper losses.  The firms average acquisition cost sits around $3,850 per ETH. The firm is currently underwater to the tune of $8 billion in unrealized losses.  Despite a sharply dropping stock price, BitMine continues to stubbornly buy the dip.  A “smaller ship”  Amid the price depression and mounting criticism, Ethereum co-founder Vitalik Buterin recently introduced a new vision for the Ethereum blockchain.  Buterin is stepping out of the limelight, rejecting any aspirations of being the “eternal steward” of the network.  He has also explained that the Ethereum Foundation will be selling less ETH from now.  He also insists Ethereum must become “impressive” in more fundamental ways, focusing on bug-free code, resilient chain consensus, and higher decentralization.

05-25
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