Ether price may 20% drop as analysts say ‘downside risks remain’

Market analysts say Ether (ETH) faces “downside risks” that could trigger another 20% downtrend toward $1,700, new analysis said.  Key takeaways:Rising Ether supply on exchanges and declining ETF inflows suggested a possible ETH price drop over the coming days.Ethers rising wedge pattern projected a potential 22% drop to $1,725  ETH inflows to exchanges rise  Ethers 40% recovery from multi-month lows below $1,800 was  Analysts have outlined several , including “significant” inflows into exchanges, according to CryptoQuant analyst BorisD.  The chart below shows a sharp increase in ETH reserves held on Binance to 3.84 million from 3.36 million between May 5 and May 9.  The analyst that as inflows accelerated, the “price action failed to show strong continuation to the upside,” dropping 7% to $2,260 from $2,390 over the same period.  “This suggests that liquidity was being both absorbed and distributed within the range,” BorisD said, adding:  “The broader structure still points toward downside risk remaining dominant for now.”  While other analysts see potential for fresh upside in the coming days, “those moves may primarily serve distribution purposes rather than signal the start of a strong bullish trend,” the analyst added.  Making the same observations, fellow analyst PelinayPA any short-term rebound in ETH would be “followed by high volatility, and then

05-16

Dogecoin Has Now Entered Oversold Levels That Has Led To Previous Cycle Bottoms

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

05-16

Cardano Price Prediction: ADA Holds $0.27 as Whale Accumulation and Buy Signals Point to $0.50 Target

Cardano price holds key support as whale accumulation and fresh buy signals point to a possible recovery move.  Cardano price prediction is back in focus as ADA trades near a key technical area, with price holding around $0.27 while several market signals begin to improve. According to Brave New Coin data, Cardano is trading near $0.27, up 0.98% in the last 24 hours, with price moving between an intraday low of $0.26 and a high near $0.28.  Cardano Holds 20 EMA as $0.31 Becomes the Breakout Level  The short-term technical setup shared by Mr. CryptoCeek shows ADA consolidating above the 20-day EMA near $0.26. That level now acts as the first support area, and as long as the price remains above it, the structure keeps a positive tone.  The main resistance sits near $0.31. A clean break above that level would suggest that ADA is moving beyond simple consolidation and beginning a fresh short-term uptrend. In that case, the next upside targets would sit near $0.36 and $0.40.  The bearish scenario is also clear for Cardano. If the ADA price loses the 20 moving average support around $0.26, the current setup weakens, and the price could fall back into the lower range.  SuperTrend Buy Signal Adds

05-16

Gemini Revenue Surges 42% in Q1 2026, Credit Cards Shine

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, reported a 42% year-over-year revenue jump in the first quarter of 2026, reaching $50.3 million. This growth was fueled largely by the explosive success of its Gemini Credit Card, which saw revenue soar nearly 300% to $14.7 million, according to the companys May 14 earnings release.  The shift underscores Gemini‘s ongoing transformation from a pure-play crypto exchange to a diversified financial services platform. Transaction revenue, historically the company’s bread and butter, remained steady at $24 million for the quarter. However, crypto exchange revenue dropped 27% year-over-year to $17.2 million, reflecting a broader slowdown in spot trading activity as total crypto market volumes remain subdued.  Credit Cards Lead Revenue Shift  Geminis credit card program is emerging as a key driver of revenue diversification. The nearly 300% growth in credit card income was attributed to a significant increase in the user base and higher transaction volumes. The company has actively expanded its card offerings, introducing crypto-specific editions such as XRP and Solana in 2025, and more recently, a Zcash edition in February 2026.  In 2025, the Gemini Credit Card surpassed $1.2 billion in transaction volume, contributing $21.5 million in annual revenue, with monthly sign-ups reaching record

05-16

Bitwise Launches HYPE-linked Fund as Hyperliquid Interest Grows

Bitwise Asset Management has launched a US-listed investment product tied to Hyperliquid, offering investors spot exposure to the token and staking rewards linked to the decentralized derivatives platform.  The fund, trading under the ticker BHYP on the New York Stock Exchange, is the second US-listed Hyperliquid product to launch this week. Bitwise said the fund plans to stake a significant portion of its HYPE (HYPE) holdings through its in-house staking division.  Hyperliquid is a decentralized trading-focused layer 1 blockchain launched in 2023 that offers perpetual futures, spot trading and lending services. Bitwise said the platform processed about $2.9 trillion in trading volume in 2025 and accounted for roughly 60% of global onchain derivatives open interest as of May 5, citing DefiLlama data.  HYPE was trading at around $44 on Friday with a market capitalization of roughly $11.22 billion, making it the 10th-largest cryptocurrency by market value, according to CoinMarketCap data. The token is used for staking, governance and ecosystem participation.  Bitwise, which manages about $11 billion in client assets across crypto investment products including exchange-traded funds, private funds and staking strategies, said the fund will charge a 0.34% sponsor fee, which will be waived for the first month on the funds first $500 million

05-16

Connex releases 17.95m in CONX tokens today

Connex released 1.32 million CONX tokens worth $17.95 million on May 15 in a scheduled cliff unlock.Connex unlocked 1.32 million CONX tokens valued at approximately $17.95 million on May 15, 2026.The unlock represents 1.49% of Connexs released supply, with 822,500 tokens allocated to the ecosystem.The remaining 500,000 CONX tokens from the release were directed to the community treasury.  Connex, a Web3 professional networking platform that uses its native token for payments, governance and credential verification, executed the unlock on a preset cliff schedule. According to Tokenomist data, the release equals approximately 1.49% of the projects adjusted released supply, with 88.60% of maximum supply already in circulation ahead of the event.  The allocation split the 1.32 million CONX into two portions. The ecosystem fund received 822,500 tokens worth approximately $10.94 million, while the community treasury received the remaining 500,000 tokens valued at approximately $6.65 million.  Supply event adds $17.95m in CONX tokens to circulation  Cliff-style unlocks, which release tokens in a single event rather than gradually, can add short-term selling pressure when a large percentage of market cap enters circulation at once.  At current prices the unlock represents roughly 60% of CONXs market capitalisation of approximately $30.61 million, making it one of the highest unlock-to-market-cap ratios

05-16

CME, ICE Seek US Review of Hyperliquid Over Oil Market Risks

CME and ICE urged U.S. regulators to review Hyperliquid over market and sanctions risks.Hyperliquid drew concern over anonymous trading, perps, and possible sanctions evasion.Coinbase and Circle partnerships kept Hyperliquid in focus despite regulatory scrutiny.  CME Group and Intercontinental Exchange, or ICE, pressed U.S. regulators to review Hyperliquid over market manipulation and sanctions evasion concerns. Bloomberg reported the discussions on Friday, citing people familiar with talks involving federal officials and lawmakers.  Executives from CME and ICE raised the issue with the Commodity Futures Trading Commission. The matter also reached lawmakers on Capitol Hill, according to the report.  CME, ICE Flag Hyperliquid Trading Risks  The concerns focus on Hyperliquids fast-growing perpetual futures market. Bloomberg said both exchange operators warned about possible risks to traditional commodities markets, especially oil.  CME and ICE pointed to Hyperliquids decentralized structure as a major concern. Its anonymous trading environment was also cited as a risk in the discussions.  However, both companies warned that Hyperliquid could be used by bad actors to influence market prices. Sanctions evasion was also cited as a risk linked to its trading model.  The report said CME and ICE warned that Hyperliquids activity could affect global oil benchmarks. Both companies also warned that decentralized trading channels could allow insider coordination.  Hyperliquid

05-16

CME and ICE target Hyperliquid over manipulation

CME Group and ICE urged US regulators to scrutinize Hyperliquid for manipulation and sanctions risks on May 15.CME Group and ICE, the NYSE parent, asked the CFTC and Congress to investigate Hyperliquid for manipulation and sanctions risks.Hyperliquid‘s HYPE token fell roughly 6%, dropping from above $45 to below $43 following Bloomberg’s report.The Hyperliquid Policy Center has engaged the CFTC separately, seeking a tailored regulatory framework for on-chain derivatives.  CME and ICE warned that Hyperliquid‘s anonymous, round-the-clock perpetual futures trading could distort global commodity benchmarks, particularly in oil markets. The exchanges also flagged risks of insider coordination and sanctions evasion by state-linked participants exploiting the platform’s permissionless structure.  Hyperliquid holds a market capitalisation of approximately $10.3 billion, making HYPE the 13th-largest crypto asset globally. At its April 2025 peak, the platform accounted for roughly 70% of the on-chain perpetual futures market.  HYPE falls as Wall Street targets DeFi perp venue  The pressure campaign comes as Hyperliquid has expanded into synthetic markets for stocks and commodities, placing it in direct competition with CME and ICE. Both exchanges operate under strict regulatory oversight that Hyperliquid currently does not face.  The Hyperliquid Policy Center argued the platform provides markets that are “more beneficial and present fewer risks than traditional

05-16

Metals Pull Back Before New York Open as Traders Watch Reversal

Metals came under pressure today as gold, silver, copper, and platinum all dropped before the New York session. Analyst Ian Cooper said gold was down 1.9%, silver lost 6%, copper fell 3.2%, and platinum declined 2.7% at the time of his update.  However, Cooper warned that he does not fully trust early moves before New York opens. He said the drops could still reverse during the day, so traders are watching whether the current declines hold after U.S. markets become active.  Gold Bull Flag Comes Under Pressure  Gold showed the weakest short-term structure among the charts Cooper shared. The metal fell back below the upper orange trendline, which had supported the bull flag idea in recent sessions.  The daily gold chart showed price trading near $4,561 after a drop of about 1.88%. Gold had already been compressing inside a narrowing structure, with resistance near $5,092 and lower support near $4,381.  Cooper said the bull flag now looks to be failing after the price lost the upper orange line. Still, he remained neutral while gold held the lower orange support line.  A break below that lower line would turn the short-term setup bearish. On the other hand, a recovery back above the upper orange trendline would put

05-16

Kraken Joins Exodus from LayerZero, Adopts Chainlink CCIP

Kraken has officially migrated its cross-chain infrastructure from LayerZero to Chainlink‘s Cross-Chain Interoperability Protocol (CCIP) following the $292 million Kelp DAO exploit in April 2026. The decision, announced on May 15, positions Chainlink as Kraken’s sole partner for securing wrapped tokens, including its Kraken Wrapped Bitcoin (kBTC).  “Chainlink CCIP offers enterprise-grade infrastructure with strict security and risk management requirements,” Kraken stated. These include a secure-by-default design, 16 independent nodes, and native rate-limiting mechanisms—features that have become critical after the Kelp DAO attack exposed vulnerabilities in cross-chain protocols.  LayerZero Fallout After the Kelp DAO Exploit  The Kelp DAO breach on April 18, 2026, remains the largest DeFi exploit of the year. Attackers exploited a vulnerability in LayerZero‘s single Decentralized Verifier Network (DVN) setup to forge a cross-chain message, siphoning 116,500 rsETH worth approximately $292 million. LayerZero later attributed the hack to North Korea’s Lazarus Group but maintained the exploit was isolated to Kelp DAO‘s specific configuration. However, Kelp DAO countered that the vulnerability stemmed from LayerZero’s default settings.  The incident triggered widespread concerns about the security of cross-chain bridges. Within 48 hours, total value locked (TVL) in DeFi dropped by $13 billion, highlighting the systemic risk posed by such exploits. More than $3 billion in

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