$7.5B Bitcoin, Ethereum options expiry tests weak crypto bulls

Bitcoin and Ethereum faced a large monthly options expiry on May 29 as prices stayed below key levels.Bitcoin options worth $6.2 billion expired as BTC traded below the key $75,000 max pain level.Ethereum options worth $1.28 billion expired while ETH struggled near $2,000 after recent market weakness.Greeks.live said the expiry looked like bearish unwinding, with longs retreating from key resistance zones.  Greeks.live said 84,000 Bitcoin options expired, with a notional value of $6.2 billion. It also said 639,000 Ethereum options expired, with a notional value of $1.28 billion.  The expiry came after Bitcoin fell below $75,000 during the week. Ethereum also traded near the $2,000 zone after losing support.  Bitcoin falls below max pain  Bitcoins put-call ratio stood at 0.88, according to Greeks.live. The max pain level was $75,000.  That level sat above the market price during the expiry window. This showed that bulls failed to pull Bitcoin back toward a key settlement level.  May 29 Options Expiration Data  84,000 BTC options expired, with a put-call ratio of 0.88, a maxpain point of $75,000, and a notional value of $6.2 billion.  639,000 ETH options expired, with a put-call ratio of 0.81, a maxpain point of $2,200, and a notional value of $1.28… pic.twitter.com/NNnFMy3tgx  — Greeks.live (@GreeksLive) May 29, 2026  Crypto.news

05-29

$7.5 Billion in Bitcoin and Ethereum Options Expire Today

Bitcoin Ethereum  $7.5 Billion in Bitcoin and Ethereum Options Expire Today  Max Pain levels stand above current prices in a week marked by significant drops across both leading digital assets globally.  What Todays Monthly Options Expiry Means for Bitcoin  The monthly options expiry is the most important date of the month, when derivative contracts with the largest accumulated volume settle. Todays session concentrates a significant liquidation in the middle of a market correction.  Bitcoin holds 84,112 open contracts with a notional value close to $6.2 billion. The Put/Call Ratio stands at 0.84 in total open interest, with 45,790 calls against 38,322 active puts at closing.  That imbalance reflects a slightly bullish bias among active market participants. The strike distribution shows relevant concentration at higher levels, particularly between $80,000-$85,000 dollars during the cycle.  Bitcoin Expiring Options. Source: Deribit  Bitcoin‘s Max Pain sits at $75,000, clearly above the asset’s current price, which trades around $73,350 after falling 5% throughout the week, according to data from BeInCrypto.  The context explains the pressure. Institutional ETF selling has been worth $2 billion since May 14, pulling the price away from the monthly Max Pain level during the hours leading to the close.  Ethereum and the Weight of the Monthly Expiry  Ethereum shows an equally pressured outlook.

05-29

Ripple (XRP) ETFs Attract $118M as Bitcoin and Ethereum Funds See Major Outflows

Bitcoin Ethereum  Ripple (XRP) ETFs Attract $118M as Bitcoin and Ethereum Funds See Major OutflowsXRP tested critical support at $1.2710 on May 28, marking its lowest level since February this year.Technical indicators show a triple-bottom formation alongside a hammer candlestick pattern, both suggesting potential bullish reversal.Spot XRP ETFs recorded $118 million in inflows throughout May, significantly outpacing Bitcoin and Ethereum fund performance.Technical analyst ChartNerd cautioned that failure to hold the $1.28–$1.24 range could trigger a decline toward $1.00.Ripples RLUSD stablecoin now commands a $1.8 billion market cap, with monthly volume jumping 61%.  Ripples native token experienced a significant downturn this week, reaching a crucial support zone that has proven resilient throughout 2025. On May 28, XRP bottomed at $1.2710, a level that previously served as support during February and on two separate occasions in April.  XRP Price  The digital asset declined approximately 18% over a two-week period from its May 14 peak of $1.5480. This downturn coincided with a widespread cryptocurrency market correction that impacted Bitcoin and numerous alternative coins.  Recovery efforts began shortly after. On May 29, XRP regained ground above $1.29 but encountered selling pressure around $1.32. The asset is presently positioned beneath the 100-hourly simple moving average.  Technical Chart Analysis  Market participants are closely

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Ethereum Price Prediction: ETH Faces Weekly Close Above $1,850

Ethereum  Ethereum Price Prediction: ETH Faces Weekly Close Above $1,850  Ethereum is trading near key weekly levels as analysts point to two opposite setups on the ETH chart. One chart shows a five year compression pattern with a possible breakout path, while another warns that a weekly close below $1,850 could send ETH toward lower support zones.  Ethereum Price Holds Five Year Range as ETH Breakout Setup Builds  on the weekly chart as analyst James EastonUK points to a long compression structure that has kept ETH inside a broad range for several years.  The chart shared on X shows ETH moving inside a large consolidation box after its 2021 cycle rally. James wrote that the ETH move will be “obscene,” adding that five years of compression could lead to a strong breakout.  Ethereum Weekly Compression Chart. Source:  The chart compares Ethereums previous cycle structures with the current weekly setup. It shows earlier consolidation phases before strong upside moves in 2016 and again before the 2020 to 2021 rally.  The current structure shows ETH trading inside a wide range that began after the 2021 peak. Price has held between the lower support area near $1,200 and the upper resistance zone near $6,000 on the chart.  ETH is now moving around

05-29

BIS Tests Tokenized Bank Payments With Visa, JPMorgan, UBS and Deutsche Bank

Tech  BIS Tests Tokenized Bank Payments With Visa, JPMorgan, UBS and Deutsche Bank  The Bank for International Settlements is preparing to test a blockchain-based system for cross-border payments using real money, marking a significant step in efforts to modernize global banking infrastructure.  The Basel-based institution said that Project Agorá, a joint initiative with central banks and private financial firms, will move into a trial phase involving actual transactions. The project was first announced two years ago, with seven central banks and more than 40 regulated institutions.  The goal is to improve the way money moves between countries. Todays cross-border payments often rely on several intermediaries, which can make transfers slower, more expensive, and harder to track. Project Agorá is designed to test whether tokenization can reduce those frictions without weakening safeguards against sanctions violations or money laundering.  “It will benefit the entire financial system,” said Tim Adams, head of the Institute of International Finance, which helped bring together the private-sector participants.  The group includes some of the worlds most influential central banks and financial institutions. The Federal Reserve Bank of New York, the European Central Bank, the Bank of Japan, the Bank of Canada, and the Bank of England are involved. Major private-sector participants include JPMorgan,

05-29

Kalshi Sues Minnesota Over New Prediction Market Ban

Tech  Kalshi Sues Minnesota Over New Prediction Market Ban  The company argues that prediction markets fall under the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC) and that Minnesotas law conflicts with federal authority. Kalshi is seeking a court order to block enforcement of the law while the case proceeds.  Kalshi Takes Minnesota to Court  launched a legal challenge against the state of Minnesota after Governor Tim Walz signed legislation that would prohibit prediction market platforms from operating in the state.  The lawsuit was filed in the US District Court for the District of Minnesota, and names Walz, Attorney General Keith Ellison, and other state officials as defendants. Kalshi argues that the law violates the US Constitutions Supremacy Clause, which establishes that federal law takes precedence over conflicting state regulations. The dispute centers on a recently enacted Minnesota law that bans prediction market activities and is scheduled to take effect on Aug. 1.  Prediction markets have become very popular over the past year by allowing users to speculate on the outcomes of real-world events ranging from elections and sports to developments and economic indicators. Platforms like Kalshi and have seen a lot of growth and have attracted billions of dollars in valuations as interest in

05-29

UNI Price Prediction: $2.80 Target Looms as Technical Foundation Crumbles

The Immediate Setup  UNI carved out a devastating -7.12% daily candle that obliterated multiple moving averages in a single session. Currently trading at $3.05 and pressed against its lower Bollinger Band, the token displays textbook distribution characteristics that institutional traders recognize as coordinated selling pressure. The momentum picture has deteriorated rapidly, with oscillators flatlining while the MACD histogram sits lifeless at zero – a clear sign that buying interest has evaporated. Every attempt to rally from the days $3.02 low gets immediately sold into, creating a $3.32 to $3.02 range that tells the complete story of bear market control.  Key Levels Under Siege  The mathematical reality of UNIs position reveals structural weakness beyond simple pullback territory. Trading 14% below its 20-day SMA at $3.53 and 32% under its 200-day SMA at $4.47, the token has officially entered breakdown mode rather than healthy consolidation. Blockchain.news technical framework identifies critical support clustering between $2.94 and $2.82, representing the final defensive line before potential capitulation selling emerges. The former support at $3.24 has transformed into ironclad resistance, where any bounce attempts will face aggressive selling from trapped positions seeking exit liquidity.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from

05-29

China Works on AI Token Futures in Race Against U.S. GPU Compute

Tech  China Works on AI Token Futures in Race Against U.S. GPU Compute  China is working to design AI token futures contracts, the smallest units of information in AI models.Chinas daily AI token usage has surged since early 2024, reaching over 140 trillion tokens by March 2026.China experts are pushing token futures to compete against US GPU compute futures in the global AI race.  Chinas Shanghai Futures Exchange (SHFE) is in the very early stages of researching and designing artificial intelligence (AI) token-based futures. AI token daily usage in China has surged since early 2024, reaching over 140 trillion tokens per day by March 2026. This move is also partly driven by intensifying AI rivalry with the United States, which is developing GPU compute futures.  China Designs AI Token Futures Contracts  According to sources, SHFE is researching and designing token-based futures, the smallest units of information processed by AI models, often described as the “digital fuel” or raw material that powers AI and is used to price AI services.  The contracts will allow companies across the AI supply chain to hedge against volatile AI costs by standardizing and trading these tokens as a new asset class. This fits into Chinas push to treat AI as a

05-29

ICE CEO questions unequal treatment of onchain perpetuals market

Jeffrey Sprecher, chief executive officer of Intercontinental Exchange (ICE), has said the company wants equal regulatory treatment as it evaluates opportunities in the fast-growing market for onchain perpetual futures.ICE CEO Jeffrey Sprecher said regulators should clarify whether traditional exchanges can offer onchain perpetual futures under the same rules applied to existing platforms.CE has held multiple discussions with Hyperliquid as the exchange operator explores opportunities in blockchain-based derivatives markets.Growing interest in 24-hour trading of oil and other assets has pushed regulators to consider how perpetual futures should be supervised, according to Sprecher.  Speaking at a Bernstein conference on May 27, Intercontinental Exchange CEO Jeffrey Sprecher said the company has been discussing blockchain-based perpetual futures with regulators while also holding multiple meetings with the Hyperliquid team to better understand the fast-growing sector.  Sprecher‘s comments come weeks after Bloomberg reported that ICE and CME Group had spoken with Capitol Hill officials about potential risks tied to Hyperliquid’s markets, particularly those connected to global oil trading.  According to Sprecher, those discussions were not an effort to target Hyperliquid but part of ICEs effort to determine whether existing regulations would permit similar products.  “What we are saying to the regulators is, ‘Can we do that?’ Why are you prohibiting

05-29

UK targets Russian sanctions evasion in digital asset sector

Tech  UK targets Russian sanctions evasion in digital asset sector  The United Kingdom‘s Foreign Secretary, Yvette Cooper, has announced new sanctions targeting digital currency in a bid to shut off “financial lifelines that sustain Putin’s war machine,” including adding digital asset exchange HTX to the countrys list of sanctioned entities over its support of Russia.  On May 26, the U.K. Foreign Office revealed it would be ramping up measures against digital asset networks used to bypass Britains sanctions, in an effort to prevent Russia from exploiting the sector to circumvent the heavy economic sanctions placed on the country since its illegal invasion of Ukraine in February 2022.  “If the Kremlin thinks it can evade our sanctions by hiding behind crypto networks and shadow financial systems, it is gravely mistaken,” Foreign Secretary Cooper said in a May 26 press release. “The UK is adapting and strengthening our approach to target the evolving tactics Russia is using to evade restrictions.”  She added that “we are tracking down and shutting off the financial lifelines that sustain Putin‘s war machine. There will be no safe havens for those enabling Russia’s aggression.”  The package of 18 designations announced by the Foreign Office was designed to directly target Russias illicit financial infrastructure

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