Category: Other Crypto News

Bitcoin Bearish Flag Goes Up As Expert Analyst Predicts A Massive Crash To $44,000

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Bitcoin’s anticipated recovery above is looking increasingly bleak due to the formation of a bearish flag. The leading cryptocurrency has fallen further below $74,000 in the past 24 hours, and one analyst believes the latest move is only another stage in a much larger decline. Bitcoin is currently trading at $73,240, down about 3.2% on the day. That drop has made a bearish TradingView analysis by Xanrox more relevant, as the analyst had warned that Bitcoin could lose the lower region of its current structure and begin a wider move…

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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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…

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,…

Bitcoin Dip Marks Distribution But BTC May Avoid New Bottom

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Bitcoin’s drop below $73,000 on Wednesday marks a short-term turning point for the market, as multiple BTC distribution signals point toward rising sell-side pressure.  While the increasing chance of a correction into the $60,000 to $70,000 range remains in play, long-term holder data points to improving investor sentiment, suggesting that traders view the current price as a buying opportunity. Coinbase discount confirms market stress Crypto analyst CryptoOnChain noted that Bitcoin’s drop to $72,500 followed a period of weakening spot demand and unsustainable long positioning in derivatives markets. The Coinbase premium…

Treasury Secretary Urges CLARITY Act Passage, Saying The US Should Be Home For Crypto

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…