Author: boss

Is Bitcoin at risk as Coinbase premium hits monthly low?

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Bitcoin’s Coinbase premium has fallen to its lowest level this month, adding to signs that institutional investors in the U.S. have continued selling the flagship crypto while spot demand weakens. Summary Coinbase Premium has dropped to its lowest level this month as institutional Bitcoin selling pressure intensified. CryptoQuant analysts said weak Coinbase demand points to limited support from U.S. spot buyers. Spot Bitcoin ETFs have recorded $1.3 billion in outflows since May 14, while Bitcoin open interest fell by $1.5 billion this week. According to data shared by CryptoQuant analyst…

XRP Declines 8%, But Whales Scoop Up 71 Million Tokens

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On-chain data shows the XRP whales have gone on a 71 million coin buying spree over the past week even as the asset’s price has dropped. XRP Whales Have Increased Holdings Recently In a new post on X, analyst Ali Martinez has talked about the latest trend in the supply held by whales on the XRP network. “Whales” refer to the entities holding a considerable amount of the asset in their wallet balance. These investors can carry some degree of influence in the market thanks to their large holdings, so…

Coinbase Premium Hits Monthly Low on Institutional Selling

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A key indicator of institutional crypto market participation, the Coinbase premium has fallen deeper into negative territory, indicating increased selling pressure from institutions. The Coinbase premium has been mostly negative since late April, but it has fallen much faster over the past seven days and recorded its lowest level this month at -0.0983% on May 21. “Institutional selling pressure has intensified recently,” CryptoQuant analyst Darkfost said on Thursday.  “This suggests that the population of institutional and professional investors trading on Coinbase Advanced is selling more aggressively than investors trading on…

Applied Digital Tops 1 GW as AI Factory Campus Locks $7.5B Hyperscaler Lease – Bitcoin News

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Key Takeaways Applied Digital signs a 15-year, $7.5B lease at Polaris Forge 3, pushing total contracted revenue to $31B. APLD now holds 1,200 MW of contracted AI capacity across 4 campuses, with 65% backed by investment-grade hyperscalers. Polaris Forge 3 is set to begin operations in August 2027, with APLD actively marketing 1.7 GW of additional power. Applied Digital Pushes Total Contracted Revenue to $31B With Fourth AI Campus Deal Applied Digital Corp. (Nasdaq: APLD), the Dallas-based artificial intelligence (AI) infrastructure provider, bitcoin miner and data center developer, announced the…

Bitcoin reserve plan gets 20-year lock in new ARMA bill

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U.S. lawmakers have introduced ARMA, a new bill that seeks to create a Treasury-run Strategic Bitcoin Reserve with a 20-year holding rule. Summary ARMA would create a Treasury-run Bitcoin reserve and separate stockpile for other federal digital assets. The bill would keep federal Bitcoin locked for 20 years, unless sold to reduce debt. Lawmakers also want quarterly audits, proof-of-reserve reports, and reviews of budget-neutral Bitcoin acquisition methods ahead. Rep. Nick Begich introduced the American Reserve Modernization Act of 2026 alongside co-lead Rep. Jared Golden. Begich’s office said the bill would…

Zcash Soars To 6-Month Highs After 110% Rally – $700 Next?

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Zcash (ZEC) has surged to its highest level since 2025, but the rally is now approaching a major technical barrier. While some analysts point to the first “constructive signs” in months, others warn of potential signs of exhaustion. Related Reading ZEC 110% Rally Faces Key Barrier Zcash has been among the crypto market leaders amid the recent volatility, rallying more than 21% over the past week and 110% over the past 30 days. Throughout May, the cryptocurrency has jumped from the $350 barrier to reclaim the $670 area, reaching a…

XRP Price Stuck In A Tight Cage—Breakout Pressure Keeps Building

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

US Lawmakers Introduce New Bitcoin Reserve Bill

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US lawmakers have renewed efforts to codify a US strategic Bitcoin reserve with a new bipartisan bill on Thursday that seeks to acquire around 1 million Bitcoin over five years.  The American Reserve Modernization Act of 2026 would establish a Strategic Bitcoin (BTC) Reserve and Digital Asset Stockpile for other federally held cryptocurrencies, which would be held by the US Treasury Department, said the bill’s sponsor, Representative Nick Begich. ARMA, sponsored by 16 members of Congress, builds on the BITCOIN Act, which was introduced in July 2024 and updated in…

5 Crypto Companies Shutter This Week in Market Slump

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At least five crypto companies have shuttered this week as a prolonged downturn in the crypto market has put downward pressure on user activity and investor funding.  Crypto trading card platform Fantasy.top, cross-blockchain infrastructure company Everclear, and Ethereum layer-2 blockchain ZERO Network all announced Thursday that they were winding down, with their products failing to find the right fit in the market or sustain enough revenue. This came the same week Ethereum infrastructure firm Syndicate Labs announced it was winding down after five years in a shrinking rollup market, and…

Ethereum Price Eyes Breakout Move, Traders Watch Key Resistance Closely

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Ethereum price started a recovery wave above the $2,120 zone. ETH is now consolidating and might rally if there is a clear move above the $2,150 resistance. Ethereum started a recovery wave above the $2,125 zone. The price is trading below $2,150 and the 100-hourly Simple Moving Average. There is a contracting triangle forming with resistance at $2,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,150 zone. Ethereum Price Aims for Upside Break Ethereum price…