Crypto-backed candidates win key Texas primary runoffs

Crypto-backed political groups supported several winning candidates in Texas primary runoffs Tuesday, highlighting the digital asset industrys growing role in US elections as Congress debates new rules for crypto markets.  Attorney General Ken Paxton won the Republican US Senate runoff against four-term Senator John Cornyn by a wide margin, according to Texas primary runoff results, and will face Democratic state Representative James Talarico in November.  In Houston‘s 18th Congressional District, Democrat Christian Menefee unseated fellow Democrat representative Al Green in a decisive win after Republican-led redistricting forced the two incumbents into the same district, ousting one of the state’s most senior House members.  Democrats and Republicans Alex Mealer and Jon Bonck also secured their partys nominations in competitive Houston-area House races.  The contests drew heavy spending from crypto-aligned political action committees (PACs) focused on a small number of high-stakes races, and come as Congress debates new rules for digital asset markets, including legislation to define crypto market structure and establish a framework for dollar‑pegged stablecoins.  Stand With Crypto assigned Al Green an “F” rating. Source: Stand With Crypto  Victories by candidates backed by crypto-focused PACs in a politically influential state could give the industry additional allies as those measures advance.  Crypto money reshapes key Texas races  Two races

05-28

Grayscale Reveals The One DAT That Could Beat MicroStrategys Bitcoin Treasury

Grayscale Research says SpaceX is on track to become the largest diversified public company holding Bitcoin ($BTC). The Elon Musk-led space firm disclosed 18,712 $BTC on its balance sheet ahead of an early June listing.  At a current $BTC price near $75,954, the holding is worth roughly $1.42 billion. That equals about 0.1% of the $1.75 trillion market capitalization SpaceX is reportedly targeting at IPO.  Bitcoin Price Performance. Source: BeInCryptoWhy SpaceX Stands Apart From MicroStrategy  Grayscale separates corporate Bitcoin holders into two camps.Pure-play digital asset treasuries (DATs) like MicroStrategy hold tokens primarily as a vehicle for equity investors.  MicroStrategys record $BTC stack now sits near 843,738 coins with limited operating revenue outside that position.SpaceX sits in the second camp alongside Teslas Bitcoin treasury, Coinbase, and Block.  Its rockets, Starlink network, and government space contracts generate revenue independent of crypto markets. The Bitcoin reserve serves as a small hedge rather than the centerpiece of the balance sheet.  That distinction matters for how investors model the stock. A diversified business with a small $BTC position carries different risks than a leveraged Bitcoin proxy.  Follow us on X to get the latest news as it happens  Grayscale Expects More Corporate Adopters  In its report, the firm said corporate buyers often allocate to

05-28

Stablecoins just hit a record $322 billion – and the bank-run warnings are getting louder

The global stablecoin market has climbed to a record $322 billion valuation, cementing the rise of digital dollars as one of the cryptocurrency sectors most viable commercial products.  The milestone reflects an accelerating demand for real-time settlement, borderless cross-border transfers, and reliable dollar access on blockchain rails.  However, this expansion is also intensifying anxieties within the traditional banking sector, where these privately issued tokens are increasingly viewed as a direct threat to core deposits, payment relationships, and the legacy plumbing of global commerce.  As a result, the friction is driving a fundamental restructuring of digital finance. As stablecoin issuers expand under newly established federal frameworks, a parallel defensive-offensive is unfolding: global banks are quietly deploying tokenized deposit systems that already route trillions of dollars annually through blockchain-based infrastructure.  Stablecoin market moves deeper into finance  Over the years, stablecoins have evolved from a niche crypto-trading refuge into a settlement layer that threatens to disintermediate traditional banks.  While dollar-pegged tokens originally gained traction as a volatility hedge for digital asset traders, they are now gaining a foothold in global remittances, merchant settlements, and cross-border corporate flows.  Despite this commercial expansion, the market remains heavily top-heavy. Tether ($USDT) and Circle ($USDC) maintain a powerful duopoly, controlling more than 80% of

05-28

Ethereum Value Debate Grows as Former ETH Supporter Questions Thesis

Ethereum  Ethereum Value Debate Grows as Former ETH Supporter Questions ThesisXaif Crypto shared criticism that Ethereums “ultrasound money” thesis has weakened.The argument says Layer 2 networks now capture much of the activity and fee value.BankXRP questioned why Ethereum avoided the same SEC pressure that Ripple faced.  Ethereum is facing renewed debate after Xaif Crypto shared comments from a former ETH supporter who questioned the networks current value story. The criticism focused on whether ETH still captures value directly as activity moves from the Ethereum mainnet to Layer 2 networks.  Meanwhile, XRP-focused accounts revived old concerns over Ethereums regulatory treatment. BankXRP argued that Ripple faced heavy SEC action while Ethereum avoided similar pressure, even after its early token sale and foundation-led development history.  ETH Thesis Faces New Questions  Xaif Crypto‘s highlights focused on Ethereum’s changing economic model. Maxi said the earlier “ultrasound money” thesis had once made ETH easy to understand. More Ethereum use meant more fees. More fees meant more ETH burned. Lower supply then supported the tokens long-term value story.  That model became popular after Ethereum introduced fee burning. However, the current criticism is that Ethereums scaling path has shifted much of the activity to Layer 2 networks. As a result, users transact off-chain, while

05-27

Tom Lee is betting big on Ethereum: will the risk pay off?

Ethereum  Tom Lee is betting big on Ethereum: will the risk pay off?  Their strategy seems to be to accumulate ETH as much as possible, in the hope that sooner or later there will be a new bull run that will push the value of Ethereum much higher again.  To be honest, they are not the only ones using a similar strategy, except that Bitmine is doing it by buying whale-sized quantities, while many others are doing it by buying much less.  Will the risk pay off this bet?  Tom Lees bet  Since June of last year, Tom Lee has become the CEO of Bitmine.  Bitmine has been a publicly traded company since way back in 1997, and in recent years it first turned into a Bitcoin miner, and then into one of the main Ethereum Treasury Companies. As of today, it is the largest publicly traded corporate holder of ETH.  The strategy that Bitmine has been adopting since Tom Lee became its CEO is to accumulate millions of ETH, with the goal of owning 5% of the entire Ethereum supply.  As of today, out of the 120 million existing ETH, Bitmine owns more than 5 million, or almost 4.5%. Their primary goal therefore is not far off.  Their strategy

05-27

DeFi exploit hits Stake DAO as attacker swaps vsdCRV for ETH

Blockaid said the suspected root cause was a compromised Stake DAO deployer private key. According to the firm, the attacker used that access to reconfigure the LayerZero v2 OFT peer for the vsdCRV token contract.  That change allegedly redirected trust from the legitimate Ethereum-side adapter to a malicious contract controlled by the attacker. The attacker then sent a forged cross-chain message that triggered the minting of roughly 5.44 trillion vsdCRV.  BlockSec described the attack as a case where the attacker appeared to obtain the deployer‘s private key and set an arbitrary peer for vsdCRV. The firm said the forged message then caused unconditional minting to the attacker’s address.  .@StakeDAOHQ was reportedly exploited via a deployer key compromise, resulting in ~5.44T $vsdCRV minted to the attacker. The attacker appears to have obtained the deployers private key and set an arbitrary peer for $vsdCRV. Using that peer, they forged a malicious message that…  — BlockSec Phalcon (@Phalcon_xyz) May 27, 2026  The incident shows how privileged access remains a major risk in DeFi. Even when smart contract code works as designed, a compromised deployer key can give attackers the ability to change trusted settings and trigger losses.  DeFi security concerns deepen  The Stake DAO exploit follows a series of recent

05-27

Ethereum Price Prediction: ETH Trapped Below Resistance

Ethereum  Ethereum Price Prediction: ETH Trapped Below Resistance  Ethereum still needs to reclaim $2,500 and then break above $3,100 before bulls regain control. Meanwhile, a breakdown in oil has added another ETH rebound argument, with one analyst pointing to a possible move back above $4,000 if the inverse setup holds.  Ethereum Price Needs Two Breakouts Before Bulls Regain Control  Ethereum must reclaim two major weekly moving averages before its chart turns bullish, according to analyst Ali Charts on X.  The analyst said ETH needs to move back above the 200-week SMA at $2,500 and then break cleanly above the 50-week SMA at $3,100.  Ethereum Weekly Chart. Source:  The weekly chart shows Ethereum trading below both major moving averages. That keeps ETH under pressure, even after its recent rebound from lower support.  The first key trigger is the 200-week SMA near $2,500. A move above that level would show that buyers are starting to regain control of the longer-term trend.  However, Ali Charts said Ethereum would still need a second confirmation. The next trigger is a clean breakout above the 50-week SMA near $3,100.  That level sits closer to the next major resistance area on the chart. If ETH clears it, the structure would look stronger and could shift attention toward

05-27

2 coins that could be the next millionaire makers like Solana and Ethereum

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.  Investors compare Hyperliquid and Little Pepe to early-stage Solana and Ethereum as traders hunt for high-growth crypto plays.Early investors in Solana and Ethereum saw outsized historical gains, fueling renewed interest in early-stage tokens.Little Pepe (LILPEPE) presale reports over $28M raised, marketing a meme-focused Layer 2 ecosystem with low fees and launchpad utility.The project highlights audits, exchange listing plans, and giveaways to attract attention, though presale crypto remains highly speculative and risk-prone.  Early SOL investors who entered below $0.50 watched the asset climb more than 500x during its strongest rally. Ethereum also rewarded early holders after climbing from near $100 to over a 50x jump.  These massive gains made many millionaires and proved how early positioning in high-potential crypto projects can generate extraordinary returns. Hyperliquid (HYPE) and even a token still in stage 13 presale, Little Pepe (LILPEPE), are starting to look like they could go the way of SOL and ETH.  Hyperliquid shows strong momentum in 2025  Hyperliquid (HYPE) stands tall among the best running crypto assets in the current market cycle. Trading between $41 and $43, the token has risen over 900% from

05-27

Ethereum Price Eyes $3,000 as Top Analyst Spots Bull Run Indicator

Notably, traders often use the metric to judge whether Ethereum is overvalued or undervalued. According to the analyst, previous drops below the 0.8 band did not last long. In earlier market cycles, Ethereum recovered from the zone and later entered large bullish runs.  He described the current setup as a high-probability macro accumulation window that could help form the base for the next bull market. In another market update, Ali Charts warned traders against aggressively shorting Ethereum despite bearish price pressure on lower time frames.  Instead, he said he is preparing to buy using a patient dollar-cost-averaging strategy if weakness continues. The analyst also pointed to the current position of the 0.8 MVRV pricing band around the $1,850 level.  That area is now being closely watched by traders seeking signs of strong buyer demand. Ethereum price has remained under pressure in recent weeks, but long-term investors appear to be paying more attention to on-chain data than short-term volatility.  Ethereum Leveraged Position Analysis Shows Lower Market Greed  Market watcher CW shared fresh data on leveraged ETH price positions. He noted that high-leverage long positions remain close to the previous days levels while short positions have increased slightly.  However, the market analyst stressed that neither side currently holds

05-27

Ethereum’s privacy push faces a 12-month deadline as markets reward privacy-first assets

Ethereum  Ethereums privacy push faces a 12-month deadline as markets reward privacy-first assets  Ethereum developers are racing to bring native privacy to the world‘s largest smart contract blockchain as investors warn that delays could weaken ETH’s claim as cryptos default settlement layer.  The pressure has intensified as the market rotates toward privacy-focused assets while Ethereum struggles to hold investor attention amid its current wave of FUD and questions over its identity.  ETH has fallen roughly 30% this year and recently traded near $2,000, even as Zcash has registered double-digit gains during the same period.  That divergence has turned privacy from a long-running cypherpunk goal into a product deadline for Ethereum.  The network still dominates stablecoin settlement, tokenization, decentralized finance, and Layer 2 activity, but its default transparency remains a problem for users and institutions that do not want balances, counterparties, or transaction histories visible in real time.  Tom Dunleavy, head of venture at Varys Capital, said Ethereums privacy push is bullish, but only if developers move quickly.  According to him:  “Super bullish on the privacy push for Ethereum, but it needs to happen in a reasonable, under-12-month timeframe, or it effectively doesnt matter. Ethereum now more than ever is in a race on the product side, and its competition

05-27
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