Day: May 28, 2026

SOL’s 30% Open Interest Drop Puts $68 Back In Focus

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Solana (SOL) futures dropped sharply in May as traders reduced leveraged exposure across all exchanges. SOL open interest (OI) dropped to $1.90 billion on Thursday from $2.75 billion on May 11, a 30% decline, while funding rates remained close to neutral. The combination points to weakening investor sentiment as SOL eyes a retest of its yearly low at $68.  SOL spot demand offsets futures market weakness The aggregated funding rate for Solana futures held near -0.005, showing balanced positioning between longs and shorts. SOL traders have not built aggressive directional…

BTC and Gold Signal ‘Growing Evidence’ of Shift Away From USD: Report

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Recent moves by the Iranian government to Bitcoin for oil tolls as gold overtakes US dollar assets in global central bank reserves signals a “shift away from dollar-based systems,” according to crypto financial services company Fidelity Digital Investments. Tehran’s acceptance of BTC for oil shipments passing through the Strait of Hormuz represents the emergence of “alternative settlement mechanisms,” according to the company’s just-released “Six Key Trends Shaping Digital Assets in 2026” report.  Accepting Bitcoin for shipping toll payments is evidence that the biggest cryptocurrency could replace the US dollar as…

Grayscale Calls Hyperliquid A Breakout Success Story In New Research Report

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26 May | Live Market Analysis for Gold and Crypto | US Session

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Kalshi Sues Minnesota, CFTC Files Against Rhode Island as Prediction Markets Legal Battles Continue

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The US Commodity Futures Trading Commission (CFTC) and companies behind prediction market platforms are continuing legal fights against state-level authorities, with the latest battlegrounds centered in Rhode Island and Minnesota. Last week, Minnesota Governor Tim Walz signed a bill into law amending statutes to prohibit advertising, creating, operating or otherwise facilitating prediction market platforms. The move prompted CFTC Chair Michael Selig to file in federal court less than 24 hours later, alleging Minnesota and its officials had enacted the “first outright ban” on prediction markets. Source: PACER That set up…

Bit Digital Expands ETH Holdings to 158K Ether After $20M Purchase

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Bit Digital purchased $20 million worth of Ether earlier this month, increasing its holdings to roughly 158,462 ETH. The Nasdaq-listed company said Thursday it acquired 8,568 ETH (ETH) on May 11 at an average price of $2,334.25 per token. CEO Sam Tabar said the purchase reduced Bit Digital’s average ETH acquisition cost and was part of the company’s strategy to grow net asset value per share through Ethereum accumulation, AI infrastructure and acquisitions. Bit Digital operates across Ethereum treasury management, AI and high-performance computing infrastructure and strategic acquisitions. Its WhiteFiber…

🚨 More Pain Ahead? ⚠️ Latest Crypto Market Analysis & BTC News Updates Today

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io For Verified News updates Follow the AL MAKKAH TECH & BUSINESS HUB channel on WhatsApp: __________________________________________ Welcome to Al Makkah Tech & Business Hub! If you are looking for the most reliable CRYPTO NEWS TODAY, you’ve come to the right place. Our mission is to provide you with the latest updates on the digital asset market, including daily Bitcoin Price Analysis and in-depth Ethereum Price Analysis. Staying informed is the first step toward understanding the rapidly evolving blockchain landscape. In our videos,…

Bitcoin drops out of global top 10 as Magnificent Seven surge

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Bitcoin has slipped out of the world’s top 10 assets by market capitalization, with its value down to about $1.09 trillion as U.S. tech giants in the “Magnificent Seven” power higher. Summary CoinDesk says bitcoin’s market cap has fallen to $1.09 trillion, knocking it out of the global top‑10 asset ranking. Gold, silver and every member of the Magnificent Seven now sit ahead of bitcoin on the league table of global assets. The drop follows a period when bitcoin had previously ranked as high as the fifth‑largest asset worldwide at…

HYPE Whale Bets Grow Larger As Institutional-Linked Accumulation Reaches $170M

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HYPE has pulled back below $60 as the broader market faces selling pressure that has touched even the strongest performers of recent weeks. The retreat from all-time highs is real — but data from Arkham Intelligence has revealed a transaction that puts the current price weakness in a context that changes how it should be read. Related Reading The wallet linked to Andreessen Horowitz — the Silicon Valley venture capital firm universally known as a16z, whose dedicated crypto fund has been one of the most influential institutional forces in digital…

SEC’s Hester Peirce Defends Crypto Privacy Tools Amid Surveillance Concerns

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US Securities and Exchange Commission (SEC) Commissioner Hester Peirce said financial privacy is becoming increasingly undervalued in US regulation, warning against treating privacy-preserving technologies with suspicion. Speaking Wednesday at Georgetown Law, Peirce described privacy-enhancing technologies, including cryptographic tools, as legitimate components of modern financial infrastructure rather than tools primarily associated with criminal activity. Peirce said that protecting financial privacy does not conflict with national security objectives. “Empowering government to be able to identify, pursue, and punish the bad guys is important to the security of the nation and its people,…