Asia FX: Indonesia, Philippines and India under pressure – BNY

BNYs Bob Savage highlights growing stress across emerging Asian assets as higher U.S. yields, a stronger Dollar and Oil shock weigh on Indonesia, the Philippines and India. IDR has hit record lows amid downgrades and index removals, while EM bonds face rising inflation and funding costs. Policymakers respond with FX intervention and bond support, but vulnerabilities remain elevated.  Record-low IDR and broader EM strain  “Indonesia, the Philippines and India are facing mounting financial vulnerabilities as the global bond selloff and Iran war oil shock intensify pressure on already-fragile emerging Asian economies. Rising U.S. Treasury yields and a stronger dollar are fueling capital outflows, weakening regional currencies and increasing pressure on central banks to tighten monetary policy even as growth slows.”  “IDR has hit fresh record lows, which will pose a test for the BI tomorrow: equities are down again, while 10y bonds are stable, holding near 6.76%. Both Moodys and Fitch have downgraded Indonesian bonds, warning about new government policy shifts. IDR has shed 14% of its value since President Prabowo Subianto took office in October 2024.”  “MSCI has removed six Indonesian companies from its index and dropped another 13 from its small cap index. Politics matters more than natural resources in some nations.”  “The

05-20

Here’s How XRP Is Making Its Next Major Push Into The Trillion-Dollar Wall Street

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scotts dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.  Scott‘s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.  With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion

05-20

BSC Post-Quantum Upgrade Passes Test, But TPS Falls 40%

BNB Chain has replaced its existing ECDSA encryption algorithm with ML-DSA-44.Test data showed signature size increased from 65 bytes to 2,420 bytes, while TPS dropped by ~40%.BSCs latest test keeps the user-facing stack familiar while changing the cryptography.  BNB Chain released its BSC Post-Quantum Cryptography Migration Report, confirming that quantum-resistant transaction signing is feasible, but at the cost of significant performance overhead.  Replacing ECDSA With ML-DSA-44  The latest protocol replaces the existing ECDSA transaction signatures with ML-DSA-44 and moves consensus vote aggregation toward pqSTARKs, while maintaining compatibility with existing addresses, RPC endpoints, and wallets.  Notably, the data overhead recorded from the test shows that signature size rose from 65 bytes to 2,420 bytes, and cross-region TPS fell by about 40%. BNB Chain said network and data-layer scaling remain the main challenges before production deployment.  From an analytical point of view, the compatibility point is crucial, considering that a disruptive post-quantum migration would be hard for such a large EVM chain. That is because users, apps, wallets, exchanges, custodians, and infrastructure providers already depend on existing account formats and developer tooling.  What Really Changed?  However, BNB Chains report noted that the test keeps the user-facing stack familiar while changing the cryptography underlying transaction authorization and validator vote aggregation.

05-20

XRP Price Prediction as XRPs RWA Ecosystem Hits a New ATH of $3.53B

XRP price is still trading down, weighed by the US-Iran war fears that have pushed the wider crypto market into the red. At press time, the XRP price was trading at $1.37, down 0.6% over the past 24 hours, despite the XRP Ledger recording fresh growth in tokenized real-world assets.  The real-world asset ecosystem has reached a new all-time high of $3.53 billion, according to data shared by XRP-focused exchange Bitrue. The milestone places XRPL among the fastest-growing blockchain networks in the tokenized asset sector this year.  Source:  At the start of 2024, XRPLs tokenized asset market was reportedly below $1 billion. The rise to $3.53 billion shows growth of more than 3.5 times in less than five months, as institutional blockchain adoption continues to expand across tokenized finance.  XRP Ledger RWA Market Reaches $3.53B  The latest XRP Ledger RWA data shows rising activity in tokenized assets, a sector that includes real-world financial instruments brought onto blockchain networks. Tokenized assets can include Treasury products, credit instruments, funds, and other financial products represented digitally on-chain.  XRPLs growth comes as Ethereum, Solana, and other major networks also compete for tokenized finance activity. The XRP Ledger has gained attention due to its payment-focused design, low transaction costs, and long

05-20

Is Ethereum a Bad Investment? Price Analysis and Future Outlook

Ethereum price in USDKey Support and Resistance LevelsImmediate Support ($2,088): This represents the critical 0.5 Fibonacci retracement level. Daily and weekly candle closes must defend this area to prevent a deeper capitulation event.Psychological Floor ($2,000): If $2,088 fails to hold, the active impulse wave is highly likely to flush out leveraged long positions down to the flat $2,000 support mark.Primary Upside Target ($2,462 – $2,561): A successful defense of the current floor exposes a path to the 0.618 Fibonacci level, which acts as the initial validation gate for a structural trend reversal.  A significant silver lining on daily timeframes is the Gaussian Channel, which has recently flipped from purple (bearish) to green (bullish). Statistically, when ETH sits at the lower boundary of a green Gaussian Channel—similar to the market structure observed in mid-2025—it has historically served as a Launchpad for multi-month rallies.  Macroeconomic Headwinds: Why is Crypto Crashing?  The current downward trajectory of the broader crypto market is not happening in a vacuum. Ethereums price drop is heavily correlated with shifting global macroeconomic factors and sudden geopolitical escalations.  1. The Crude Oil Price Shock  The single biggest short-term headwind for Ethereum right now is the price of oil. Since late February, crude oil has surged

05-20

Ethereum Foundation loses 2 researchers as exits grow

The Ethereum Foundation is facing fresh departures after researchers Carl Beek and Julian Ma said they are leaving the organization.Carl Beek leaves Ethereum Foundation on May 29 after seven years of Beacon Chain work.Julian Ma exits after four years, citing FOCIL and faster Ethereum Layer 2 confirmations work.Protocol Cluster changes continue as Barnabé Monnot and Tim Beiko move on from EF roles.  Carl Beek announced on X that he will leave the Ethereum Foundation, with his final day set for May 29. Beek spent seven years at the organization and worked on core Ethereum research, including the Beacon Chain.  In his post, Beek thanked Ethereum researchers, core developers, EF staff, and community members. He wrote, “To every researcher, core dev, EFer, and community member, whether we worked together closely or not: thank you.” He also said Ethereums strength remains with the people building it.  Julian Ma also announced his exit on X after about four years at the Ethereum Foundation. His work covered mechanism design, cryptoeconomics, and protocol scaling.  Ma pointed to FOCIL, also known as EIP-7805, and the Fast Confirmation Rule as work he was proud of. He said the Fast Confirmation Rule reduced bridging time between Ethereum Layer 2s and the mainnet

05-20

Ethereum Lags Bitcoin Recovery: Korean Firm Loses $33M, ETH ETF Inflows Stall

JPMorgan analysts have flagged a deepening divide between Ethereum (ETH) and Bitcoin (BTC), warning that ETH and the broader altcoin segment may struggle to close the gap without a significant rebound in network usage, decentralized finance growth, and real-world adoption. The note from analysts led by Nikolaos Panigirtzoglou points to soft demand fundamentals as the primary headwind weighing on second-tier digital assets. Cryptocurrency markets have wobbled over the past six months as elevated interest rates, sticky inflation, and weakened risk appetite combined to pressure valuations. ETH and BTC both endured sharp drawdowns alongside heavy exchange-traded fund outflows earlier this year.  Spot exchange-traded fund flows underscore the disparity highlighted by the banks research team. Spot Bitcoin ETF products have clawed back roughly two-thirds of the capital that exited during recent drawdowns, while spot Ether ETF vehicles have recovered only about one-third of their prior outflows. The data suggests institutional appetite for direct ETH exposure remains comparatively muted even as broader risk sentiment has stabilized. Momentum-driven participants, including commodity trading advisors and crypto quant funds, remain positioned slightly underweight on both assets, indicating that speculative inflows have yet to return at scale. The relative ETF recovery gap is one of the cleanest signals

05-20

Expanded Trump-IRS Settlement Could Bar Audits of President and Family

An agreement signed on Tuesday expanded President Donald Trumps controversial settlement with the IRS to include a clause that appears to bar the agency from investigating or prosecuting claims against the president, his family or his businesses.  Getty Images  Key Facts  The agreement was expanded in a short document signed by acting Attorney General Todd Blanche on Tuesday and posted on the Justice Departments website.  The broad clause included at the end of the document says the government is “FOREVER BARRED and PRECLUDED” from investigating or prosecuting claims against Trump, as well as his trusts, family members and “related companies.”  The initial settlement agreement announced by the Justice Department did not include any financial reimbursement for the president, instead setting up a $1.8 billion fund to pay out alleged victims of what the Trump administration calls the “weaponization” of the Justice Department during the last administration.  However, Trump has frequently complained about being audited by the IRS in years past, and based on past reports could see a financial gain from the IRS dropping its audits.  Blanche testified before a Senate subcommittee about the extraordinary settlement agreement on Tuesday, but was not asked about the added clause.  Neither the Justice Department nor the IRS returned requests for comment

05-20

Dogecoin Price Prediction: Bulls Fight for 10 Cents as $1 Target Reappears

Dogecoin is testing the key 10-cent level after a rejection from weekly Fibonacci resistance. At the same time, another long-term chart shows a rounded recovery setup, with $0.278 as the first major breakout target before any move toward $1  Dogecoin Price Tests 10-Cent Support After 0.618 Fib Rejection  Dogecoin price is pulling back after hitting the 0.618 Fibonacci level near $0.11825 on the weekly chart shared by Surf on X.  The $DOGE chart shows price moved higher from the lower support zone near $0.08063, which marks the 0.786 Fib level. After that bounce, Dogecoin climbed toward the 0.618 Fib resistance but failed to hold above it.  $DOGE/USD Weekly Price Chart. Source: Surf on X  $DOGE is now trading near $0.10429, close to the key $0.10 level. Surf marked this area as the main level to watch after the recent correction.  The chart shows the $0.10 zone has acted as a major mid-range level before. If Dogecoin holds above it, the current move can still look like a healthy pullback after the Fib rejection.  However, a weekly close below $0.10 would weaken the setup. It would bring the lower Fib support near $0.08063 back into focus.  The descending trendline from the previous highs has already been broken. That gives

05-20

Cardano Price Prediction: Bearish Structure Deepens for ADA After Rejection at $0.28 Zone

Cardano continued trading under bearish conditions on the 4-hour chart after another failed recovery attempt near key resistance levels. $ADA hovered around $0.2515 during recent trading sessions as sellers maintained control below major moving averages. The latest technical structure showed weakening bullish momentum after the token lost support across several important Fibonacci retracement zones.  Significantly, $ADAs rejection near the $0.279 to $0.280 region shifted short-term sentiment sharply lower. Consequently, the price slipped beneath the 20 EMA, 50 EMA, 100 EMA, and 200 EMA levels. This alignment strengthened bearish momentum as each moving average now acts as overhead resistance.  Key Support and Resistance Levels Remain Critical  Immediate support currently sits near the $0.2503 Fibonacci level. However, continued weakness below this area could expose $ADA to deeper losses toward $0.2450. Moreover, broader support remains positioned near $0.2385, which previously attracted buying interest.  On the upside, bulls face strong resistance near the 20 EMA around $0.2540. Additionally, the next barriers appear near $0.2577 and $0.2635, which align with the 0.382 and 0.5 Fibonacci retracement levels. $ADA must reclaim territory above $0.2600 to weaken the current bearish structure.  Cardano Price Dynamics (Source: Trading View)  Furthermore, the $0.2695 region remains another important resistance zone. A breakout above that level could reopen

05-20
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