Bitcoin’s (BTC) consolidation continued into a fourth week, with the price finding support at $74,000 and resistance in the $78,000 to $80,000 range. According to Hyblock analysts, the intra-day rally to $78,164 hit a pocket where “longs that had previously opened up (that are in a position) were underwater and likely exited here at breakeven.” BTC/USDT net positions heatmap. Source: Hyblock Hyblock added: “And shorts who were in profit, likely exited here at “breakeven” to prevent any loss. Hence “psychological” level.” Regarding the liquidations that occurred during the intra-day price move…
Category: Other Crypto News
HYPE Hits $65 As ETF Flows Fuel Growth: Is $100 Next?
Hyperliquid’s native token HYPE continues to rally, possibly targeting $100 as its next all-time high, as inflows to its exchange-traded funds highlight investor demand. Inflows into the HYPE ETFs reached $89 million over the past nine days, which is equivalent to nearly $9.2 million in daily buying pressure. The combined assets under management (AUM) across Bitwise’s BHYP and 21Shares’s THYP climbed to $89 million within days of launch, giving HYPE one of the fastest ETF accumulation curves among crypto investment products. Total spot HYPE ETF net inflows. Source: SoSoValue Bitwise…
History Points To A Rare Setup
Bitcoin is facing renewed selling pressure as uncertainty continues dominating global financial markets, but bulls have so far managed to defend the critical $75,000 region. The asset remains trapped below key resistance levels after failing to reclaim momentum above $80,000 earlier this month, leaving traders searching for signs that the current correction is either stabilizing or preparing for another leg lower. Related Reading While the recent weakness has raised concerns across the market, top analyst Darkfost believes one of the most important signals is not price itself — but the…
Crypto Advocacy Group Pushes Back Against US Senator’s Claims on Companies’ OCC Charters
Update (May 26 at 9:30 pm UTC): This article has been updated to include statements from The Digital Chamber. The Digital Chamber, a cryptocurrency advocacy group that has been closely involved in negotiations with US lawmakers over digital asset-related legislation, questioned three-term Massachusetts Senator Elizabeth Warren’s understanding of banking laws as applied to crypto companies. In a Tuesday letter to the US Comptroller of the Currency (OCC) Jonathan Gould, Digital Chamber CEO Cody Carbone challenged many of the claims in the Massachusetts lawmaker’s May 18 letter. In that letter, Warren…
Bitcoin Mining Stocks Rally as AI Infrastructure Boom Accelerates
Several Bitcoin mining stocks rallied Tuesday, reflecting a broader equity surge driven by optimism around artificial intelligence productivity gains as more miners pivot toward AI and high-performance computing workloads. In addition to TeraWulf (WULF), which rallied by as much as 17% on news of a Kentucky data center acquisition site, Hut 8 (HUT), IREN (IREN) and Riot Platforms (RIOT) closed more than 5% higher on the day. The rally underscores growing investor enthusiasm for Bitcoin miners that are repurposing parts of their energy infrastructure and data center capacity to support…
XRP’s Utility Narrative Extends Beyond Conventional Market Cap Metrics
XRP is gradually redefining how value is assessed in the crypto market, as its utility-focused narrative continues to expand beyond simple market cap comparisons. While some assets are judged primarily on speculative valuation, XRP’s role within the global payments infrastructure introduces a different framework centered on efficiency, liquidity, and real-world usage. How Institutional Payment Flows Could Shape XRP Demand XRP should be viewed less as a traditional cryptocurrency and more as a digital commodity designed to facilitate liquidity across global financial networks. According to CharuSan, market capitalization is a stock…
CLARITY Act Clock Ticks Down: TD Cowen Says 2026 Passage Looks Less Likely–Here’s Why
The odds of the CLARITY Act becoming law this year are fading, according to TD Cowen, even after the bill cleared key legislative hurdles in the Senate. While the measure successfully passed through the Senate Agriculture Committee and the Senate Banking Committee, a full Senate vote—and the final approval needed to send the bill to the finish line—now looks increasingly unlikely before year’s end. CLARITY Act Momentum Hits New Wall TD Cowen managing director Jaret Seiberg, writing in a Tuesday note from the firm’s Washington Research Group, said his team…
What To Expect In The Latest XRP Ledger Update And How It Affects Holders
The XRP Ledger is moving through another important update process, and this one is not only about adding new features. Version 3.2.0 is now in development, according to XRPL validator Vet, who said the update is meant to further strengthen the foundation that XRP runs on. The upcoming XRP Ledger update is less about short-term price hype and more about what it says about the network’s direction, following the recent activation of version 3.1.3 in early May. XRP Ledger Version 3.2.0 Is Coming XRP Ledger version 3.1.3 is now active,…
TeraWulf Buys entucky Site for 1 GW AI Data Center Expansion
Bitcoin miner TeraWulf has acquired a large data center development site in the US state of Kentucky, adding significant capacity to its artificial intelligence and high-performance computing (HPC) business as miners continue diversifying beyond Bitcoin. TeraWulf said Tuesday the site could eventually support more than 1 gigawatt of AI and HPC capacity. The company expects the first 500 megawatts to come online in 2028, with another 500 megawatts targeted by 2030. The site includes planned grid infrastructure and long-term power agreements, underscoring TeraWulf’s ongoing shift toward AI and HPC hosting…
Pundit Points Out Major Mistake Being Made With The XRP Pricing
A crypto analyst has identified a mistake in XRP’s current pricing, highlighting how its low price does not reflect its true value. According to the expert, XRP at $2 suggests the market still views the third-largest cryptocurrency as a speculative asset without real growth drivers. He noted that once XRP starts being used to move value globally, its price would appreciate to reflect its real valuation, potentially pushing the cryptocurrency into the four- to five-digit range. Analyst Calls XRP at Single-Digit Valuations A Mistake According to BarriC, a crypto market…