The clash highlights the tension between traditional banks and emerging crypto markets, potentially reshaping financial power dynamics.
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Christopher Delgado, the former Goliath Ventures CEO charged with fraud and money laundering, has publicly apologized to investors of what US prosecutors allege is a Ponzi scheme.
The defendants allegedly assaulted victims across multiple California cities and stole assets including $6.5 million in crypto.
Arbitrum delegates begin the binding governance process to transfer disputed exploit funds to Aave, while North Korean terrorism creditors continue fighting for ownership in Manhattan court
Dubai's crypto tax payment option could attract global investors, enhancing its status as a leading crypto-friendly hub and boosting economic growth.
The post Dubai government allows residents to pay taxes with Bitcoin via Crypto.com appeared first on Crypto Briefing.
The summit could reshape US-China economic ties, impacting global supply chains and market dynamics, especially in tech and finance sectors.
The post White House confirms Musk, Cook will join Trump at Xi summit appeared first on Crypto Briefing.
The repeal of Canada's digital services tax may ease US-Canada trade tensions, potentially influencing future international tax policies.
The post Canada Revenue Agency refunds $148M to 30 US companies after scrapping digital services tax appeared first on Crypto Briefing.
Burry's warning suggests potential volatility ahead, urging investors to reassess risk exposure amid parallels to past market bubbles.
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Trader sentiment in Shiba Inu derivatives market has done a complete 180 over the past week. Net positions — which sat at around -200 million just days ago, reflecting a market tilted toward short bets — have swung to more than +400 million in net longs as of May 11. That kind of shift in a short window is not common. Related Reading: Nearly 80% Of Bitcoin Supply Hasn’t Moved As Long-Term Holders Tighten Grip From Short To Long: A Full Reversal The turnaround began around May 6, when net positions started climbing out of negative territory. By May 9, the indicator had crossed into positive ground, and it kept climbing. According to market watcher CW, buying pressure has grown sharply and is now dominating the market. “The upward momentum of $SHIB is increasing explosively,” he said. The upward momentum of $SHIB is increasing explosively. Upward pressure is very strong. pic.twitter.com/krXs9zhcM7 — CW (@CW8900) May 10, 2026 That momentum shows up clearly on the price chart. SHIB has been rising steadily from the $0.00000615 range, forming a pattern of higher lows and higher highs since May 10 — a sign that buyers have held control without the market getting sloppy or erratic. The price reached above $0.00000660 by May 11, a gain of roughly 6.50% over the past week. Open Interest Climbs Past 6 Billion The derivatives market is also pulling in fresh participants. Open Interest — which tracks the total value of outstanding contracts — rose from just above 5 billion on May 5 to over 6 billion at the time of reporting. That increase suggests traders are opening new positions rather than simply closing old ones. When prices rise alongside growing Open Interest, it typically points to sustained demand rather than a technical bounce driven by short sellers getting squeezed out. Reports indicate that this combination is what analysts often look for when assessing whether a rally has legs. Leverage Cuts Both Ways Still, the same buildup that has driven prices higher carries risk. With Open Interest elevated and long positions stacked up, a slowdown in price movement could set off a chain of forced liquidations. If SHIB struggles to push higher while leverage stays elevated, a quick drop becomes more likely — even if the broader direction has not changed. Related Reading: XRP Market Now Controlled By Whales? Dominance Reaches 91% On Binance For the upside to continue, reports say SHIB needs to hold above the $0.00000665 to $0.00000670 range. That zone now acts as a key level. If buyers defend it, the next leg higher remains on the table. If they don’t, the market may correct sharply before finding its footing again. Featured image from Anne Arundel County Government, chart from TradingView
Ray Dalio joins the privacy debate, saying Bitcoin’s full transparency makes it less likely to be adopted by central banks.
Jin's massive ETH deposit could either stabilize or destabilize the market, highlighting the influence of large holders on crypto dynamics.
The post Binance receives $1.35B ETH deposit from Garrett Jin as crypto market rebounds appeared first on Crypto Briefing.
Rising US-Iran tensions could lead to increased oil price volatility and influence Bitcoin's market stability, affecting global economic forecasts.
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Escalating US-Iran tensions could disrupt global oil supply chains, impacting market stability and increasing geopolitical risks worldwide.
The post Iran blocks Strait of Hormuz, escalating US tensions appeared first on Crypto Briefing.
OpenAI's new venture could redefine enterprise AI integration, challenging traditional consulting and potentially reshaping AI financing models.
The post OpenAI launches The Deployment Company with $4B to embed AI into enterprise workflows appeared first on Crypto Briefing.
Solana’s AI narrative is gaining fresh support from crypto investors who argue that SOL may be positioned as a core financial infrastructure asset in an agent-driven economy. Parker White, COO of DeFiDevCorp, and Delphi Ventures founding partner Tom Shaughnessy both pointed to Solana’s speed, liquidity and developer ecosystem as reasons the market may be underpricing the asset. Solana’s AI Thesis Is Heating Up White, known on X as @TheOtherParker_, said on May 9 that he remains bullish on SOL because Solana combines “s-tier technology, user adoption, and liquidity.” He pushed back on the common argument that Ethereum’s larger DeFi liquidity and TVL base gives it an unassailable lead, arguing that the comparison looks different once traditional finance enters the market. “Some people will counter with ‘Yes, but ETH has such a huge DeFi liquidity/TVL lead.’ Huge is relative though and compared to TradFi liquidity, all DeFi liquidity is a drop in the bucket,” White wrote. “So when TradFi capital allocators enter the space, SOL and ETH are effectively on the same, level playing field. In this environment, technology/UX plays a giant role on adoption and SOL wins hands down.” Related Reading: Solana Sees Rising Social Hype, Yet Network Activity Is Falling White also argued that SOL’s relative valuation leaves room for a larger repricing if investors begin to treat Solana as a serious competitor to Ethereum. “Couple all of this with the 5x relative value differential, and it’s really hard not to be bullish,” he wrote. “If SOL just catches up to ETH, SOL is at roughly $500 without ETH even moving. Good odds of a good outcome.” The more novel part of White’s thesis is not simply that Solana can compete with Ethereum on throughput or user experience. It is that AI could make Solana more strategically relevant, not less. In his view, many software businesses face uncertainty as AI compresses margins or disrupts established cash-flow models. Solana, by contrast, could benefit if autonomous agents require fast, low-cost and globally accessible financial rails. “As future software cashflows continue to be repriced with increased uncertainty, investors will look to diversify, bc diversification is the best way to combat uncertainty,” White wrote. “As this diversification occurs, rationale investors will look at SOL as a financial software infrastructure play that has a ‘high degree of positive AI convexity.’” White’s argument rests on the assumption that agentic activity will require cheap, high-frequency settlement. He described Solana as “second to none” for micropayments and said token-to-token value transfer between non-human agents “makes sense on SOL, but nowhere else.” Other networks, he argued, are either too expensive or lack the infrastructure and liquidity needed for that use case. He also said Solana’s network effects would be strengthened rather than weakened by AI usage. “Second, the network effects and liquidity cannot be replicated by a fresh AI-built system,” White wrote. “More AI usage actually strengthens the network effects and liquidity, not weakens. This is where the positive convexity comes in.” He added that crypto networks are “global, permissionless, and composible,” making them a natural operating environment for agents that need to interact, collaborate, pay and build across borders. Related Reading: Solana (SOL) Breakout Setup Strengthens As Bulls Regain Full Control Shaughnessy, writing separately on X, made a similar case. He said his SOL thesis is that it is “the best chain for AI,” citing cheap and fast infrastructure alongside what he called the strongest engineering base. He also argued that AI will make it easier to build new crypto applications, potentially accelerating sector formation through “easy capital formation,” global communities and rapid app creation. In a follow-up post, Shaughnessy contrasted Solana with Bitcoin in the context of AI agents. “I don’t think AI and agents interplay with BTC directly since it’s not a programmable chain they can interact on,” he wrote. “I do think BTC is a massive beneficiary of AI as AGI will want to own assets humans can’t manipulate and mass money printing to deal with AGI benefits BTC.” For Solana, Shaughnessy summarized the thesis as “legitimate AI sector ownership,” faster chain performance through Alpenglow, under-ownership after investors sold SOL for other assets, and the potential for pre-IPO stocks to trade around the clock. At press time, SOL traded at $94.51. Featured image created with DALL.E, chart from TradingView.com
A fix to the ongoing discussions around stablecoin rewards and language on protecting software developers is in the updated legislative text.
XRP briefly pushed toward $1.49 on heavy volume before stalling again near a resistance zone that has capped rallies for months.
Tom Lee has also doubled down on the idea that the crypto spring has started and pointed to the Ether price rising in correlation with software stocks as further evidence.
Google’s Threat Intelligence Group says it has “high confidence” a threat actor used an AI model to help discover and weaponize a vulnerability in a popular system admin tool.
Saylor's strategy could stabilize Bitcoin's market by balancing minor sales with significant acquisitions, impacting investor confidence and market dynamics.
The post Strategy’s Michael Saylor hints at selling 0.2% of Bitcoin while planning to buy 5-10x more appeared first on Crypto Briefing.
Suspending the federal gas tax could temporarily ease consumer costs but risks long-term infrastructure funding deficits and inflationary pressures.
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Dogecoin started a fresh increase from the $0.1050 zone against the US Dollar. DOGE is now facing hurdles near $0.1120 and might aim for a larger rally. DOGE price started a decent upward move above $0.1080 and $0.1085. The price is trading above the $0.1090 level and the 100-hourly simple moving average. There is a key contracting triangle forming with support at $0.1090 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.1080. Dogecoin Price Faces Hurdles Dogecoin price remained supported above the $0.1020 zone and started a fresh increase, like Bitcoin and Ethereum. DOGE climbed above the $0.1080 and $0.1085 resistance levels. The price gained over 5% and tested the $0.1125 zone. There was a move above the 50% Fib retracement level of the downward move from the $0.1172 swing high to the $0.1058 low. Besides, there is a key contracting triangle forming with support at $0.1090 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.110 level and the 100-hourly simple moving average. If the bulls remain active, the price could attempt another increase. Immediate resistance on the upside is near the $0.1120 level. The first major resistance for the bulls could be near the $0.1128 level or the 61.8% Fib retracement level of the downward move from the $0.1172 swing high to the $0.1058 low. The next major resistance is near the $0.1145 level. A close above the $0.1145 resistance might send the price toward the $0.1170 resistance. Any more gains might send the price toward the $0.120 level. The next major stop for the bulls might be $0.1250. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1128 level, it could continue to move down. Initial support on the downside is near the $0.1090 level. The next major support is near the $0.1080 level. The main support sits at $0.1050. If there is a downside break below the $0.1050 support, the price could decline further. In the stated case, the price might slide toward the $0.1020 level or even $0.10 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1090 and $0.1080. Major Resistance Levels – $0.1120 and $0.1128.
Bitcoin's surge amid geopolitical calm suggests potential for sustained growth, but future price stability hinges on ongoing global dynamics.
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Bitcoin held above $81,000 after touching $82,026 overnight, while solana led the major altcoins on the week as The Big Short investor warned the Nasdaq 100 had reached dot-com bubble territory and oil zoomed past $105 on fresh Iran ceasefire doubts.
The crypto market structure bill had already been making the industry rounds behind closed doors, but the lawmakers have released the text before their vote.
Nvidia's AI-driven growth could boost blockchain integration, potentially increasing demand for crypto AI tokens and related investments.
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Bitcoin's robust support at $80,000 amid ETF inflows and geopolitical easing signals increased institutional confidence and market stability.
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BTC has recovered from Friday’s jobs-driven dip, but Enflux says overhead resistance remains intact while Glassnode’s market structure data suggests traders are buying the rally while still positioning for downside.
Bitcoin Ordinals browser Ord.io and its associated consumer app Zap will shut down on June 1, according to announcements published on X.
A 126% price surge that pushed XRP to an all-time high of $3.6 last July started with a pattern that looks a lot like what is happening right now. Related Reading: Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank Shorts Dominating Despite Rising Prices Funding rates on Binance have stayed negative since February 2026, even as XRP climbed roughly 27% from a low of $1.10. That gap between trader sentiment and actual price movement is what caught the attention of CryptoQuant analyst Darkfost, who flagged the setup in a recent market commentary. Short positions have been dominant across a 30-day period, data shows, and that stretch of negativity marks the longest such run in recent history for the token. The broader altcoin market had a rough start to the year. The TOTAL3 index, which tracks global crypto market capitalization excluding Bitcoin, Ethereum, and stablecoins, shed more than $540 billion during the correction. Global uncertainty hit altcoins harder than most other asset classes. Since early February, however, roughly $125 billion has flowed back into the index, pointing to a slow but steady return of investor interest. XRP dropped as low as $1.10 in February before beginning its recovery. Prices have climbed since then, but funding rates have not followed. According to Darkfost, this kind of divergence carries weight. When the majority of traders are positioned negatively after a drop of more than 60%, history suggests a reversal may be building beneath the surface. A Pattern That Already Played Out Once The same set of conditions appeared in April 2025. XRP was trading near $1.25 following a sharp decline, and funding rates had just turned negative for the first time in over 16 months. They stayed negative well into June 2025. During that time, the price was quietly recovering. By the time funding rates flipped positive again, XRP was already deep into an uptrend. The rally that followed brought the token to $3.6 in July 2025. That move, from roughly $1.25 to $3.6, represented a gain of 126% and set a new all-time high for the asset. Related Reading: Nearly 80% Of Bitcoin Supply Hasn’t Moved As Long-Term Holders Tighten Grip Capital Returning As Bearish Bets Hold What makes the current setup similar, based on Darkfost’s analysis, is not just the negative funding rates. It is the combination of those rates holding steady while prices recover and capital slowly returns to the altcoin market. Short sellers have held their positions even as the price contradicts their outlook. If the 2025 pattern holds any predictive value, the continued buildup of short positions against a recovering price could eventually produce the kind of squeeze that accelerates a breakout. Featured image from Unsplash, chart from TradingView