The internet runs on trust, and nowhere is it more visible than inside Telegram, where millions of users build communities, trade digital goods, and swap crypto in an environment not originally designed for any of it. Fakes and fraud didn’t take long to follow, and the initial verification system — the blue checkmark reserved just …
Bernstein sees bitcoin miners benefiting from $90B in AI deals, with Outperform ratings on IREN, Riot, CleanSpark, and Core Scientific.
The SEC is expected to release an innovation exemption for tokenized stocks as soon as this week. SEC Chair Paul Atkins and Commissioner Hester Peirce had already sketched the plan in February, describing a temporary, limited framework with volume caps, white-listed buyers and sellers, automated market makers, and temporary relief while the SEC develops longer-term […]
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Swan Bitcoin has been sued for allegedly using insider access to pull nearly $1 billion in Bitcoin and cash from Prime Trust days before its 2023 bankruptcy filing.
Japan's LDP formally approved a policy proposal to build a next-generation financial system based on blockchain and AI.
AI Financial posted a net loss of $271.5 million for the quarter ended March 28, compared to a net loss of $2.4 million a year earlier.
An analyst has pointed out how the latest retrace in Solana has come after rejection from the resistance level of a Parallel Channel. Solana Failed Parallel Channel Resistance Retest In a new post on X, analyst Ali Martinez has talked about a technical analysis (TA) pattern forming in the daily price chart of Solana. The pattern in question is a “Parallel Channel,” which forms whenever an asset trades between two parallel trendlines. Related Reading: Bitcoin Recovery Above Key Cost Basis Level Fails As BTC Falls Under $77,000 Like other consolidation patterns in TA, the upper level of the channel acts as a resistance barrier for the price and the lower one can provide support. A break out of either of these levels can signal a continuation of trend in that direction. That is, a surge above the pattern can be a bullish signal, while a fall under it a bearish one. Parallel Channels can be of a few different types depending on how the trendlines are oriented with respect to the graph axes, but in the context of the current topic, the variant of interest is the one that has its channel parallel to the time-axis. As the asset trades inside such a pattern, it experiences consolidation in an exactly sideways manner. Now, here is the chart shared by Martinez that shows the Parallel Channel that the 1-day price of Solana has been stuck inside for the last couple of months: As displayed in the above graph, Solana retested the upper level of this Parallel Channel when it rallied toward the $98 mark earlier in the month. The asset couldn’t break past the level’s resistance, however, and its price ended up reversing course. Since then, SOL has made its way back into the lower half of the channel. If the current trajectory of the asset continues, it’s possible that the cryptocurrency could end up retesting the lower level situated around $78. It now remains to be seen how Solana will develop in the near future and whether it will have to end up relying on this possible center of support. Related Reading: Ethereum Sell Signal That Last Preceded A 63% Drop Flashes Again As mentioned earlier, there are also other types of Parallel Channels in TA. One such variant is the Descending Channel, which involves trendlines that have a negative slope. Ethereum had earlier been following this kind of pattern on its 4-hour chart, as Martinez highlighted in another X post. From the chart, it’s visible that Ethereum’s 4-hour price was retesting the lower level of the Descending Channel when Martinez shared the pattern. The asset’s drawdown has prolonged since then, and the coin has broken below the support line. SOL Price At the time of writing, Solana is trading around $84, down 13.6% over the past week. Featured image from Dall-E, chart from TradingView.com
The pause in US-Iran tensions highlights the Gulf states' influence and underscores the global economic risks tied to regional conflicts.
The post Trump says planned US attack on Iran was called off at Gulf states’ request appeared first on Crypto Briefing.
Bitcoin ATM company, Bitcoin Depot, filed for Chapter 11 protection on May 18 in the Southern District of Texas, announcing it would wind down operations and sell assets, and that its kiosk network, with over 9,000 locations globally as of August 2025, would go offline the same day. A May 12 SEC disclosure showed that […]
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The Bitcoin-focused DeFi protocol suffered an attack whereby about 1,000 unauthorized eBTC $77 million were minted on the Monad blockchain
The partnership underscores both the rapid growth of equity perpetuals in onchain markets and Nasdaq’s broader strategy to support tokenized equity trading infrastructure.
CoinShares data shows investors are rotating into listed products based on XRP and SOL while bitcoin and ethereum products posted heavy weekly outflows.
The U.S. Securities and Exchange Commission has officially removed one of its oldest enforcement rules. The rule, introduced in 1972, stopped companies or individuals from publicly denying the agency’s allegations after settling a case. Now, this change could give crypto firms like Ripple more freedom to speak openly even after settling with the SEC. SEC …
Bitcoin (BTC) has slid sharply over the past week, retracing nearly 7% and wiping out the upside that built after last week’s Senate Banking Committee markup of the CLARITY Act. That legislative momentum helped push BTC above the $82,000 area, but the coin is now changing hands around $76,700. The Bitcoin Pullback Glassnode’s latest read on the situation points to a clear deterioration in short-term market behavior. The firm says the Bitcoin selling pressure has intensified, with Spot CVD falling by 848.7%. At the same time, spot volume is up about 4.2%, suggesting that more coins are moving through the market. Glassnode interprets this as rising activity that may not necessarily reflect a bullish mindset, but rather traders responding more aggressively to price volatility and hedging or repositioning. Related Reading: Goldman Sachs Rebalances Crypto Exposure: XRP, SOL Out, ETH Down 70%, Hyperliquid In Futures Open Interest also dropped 2.9%, which usually signals that traders are not as enthusiastic about adding leverage during uncertain conditions. However, Glassnode also notes that Long-Side Funding Payments have jumped 136.6%, a sign that demand for long Bitcoin exposure has reappeared. That bullish signal is not staying dominant for long, though. The firm highlights a steep 278.7% decline in Perpetual CVD, which points to strong sell-side pressure still showing up in the perpetual market, where downside control can quickly affect broader sentiment. Sentiment from traditional finance has also softened. Glassnode points to a 6.1% drop in US Spot Bitcoin ETF MVRV, alongside a sharp deterioration in ETF net flows, implying weaker conviction from institutional players. Bear Cycle Targets Beyond sentiment, Glassnode noted that long-term holder dominance continues to build, while NUPL and the Realized Profit-to-Loss Ratio have weakened sharply. Those shifts typically align with fading optimism—less “euphoria,” more defensive behavior as traders reassess risk after the pullback. Putting those signals together, Glassnode’s conclusion is that the Bitcoin market structure is beginning to soften. Momentum, spot demand, and speculative positioning are all described as weakening across the board. Related Reading: How To Time The Dogecoin Bottom And When The Price Will Reach $2 Adding to the bearish backdrop surrounding the cryptocurrency’s outlook, analyst Kabuki has argued on X (formerly Twitter) that Bitcoin is still operating within a “Bear Cycle,” despite the partial recovery seen since the start of the year after brief periods of relief. Kabuki’s analysis suggests that another bearish phase could unfold over the next few weeks, and he has highlighted specific targets for the cryptocurrency. He points to $71,000 “in days,” and then a much lower target of $42,000 in June, which could translate to a further 45% decline in BTC’s price from current trading levels. Featured image created with OpenArt, chart from TradingView.com
XRP has emerged as one of the strongest-performing cryptocurrencies among the top 10, consistently outperforming market leaders Bitcoin and Ethereum. Despite ongoing price volatility across the crypto market, institutional investors are increasingly shifting their focus from the top two assets toward XRP. The rotation comes amid heightened geopolitical uncertainty, which has triggered billions in outflows …
AI Financial's potential collapse highlights the volatility and risks associated with heavy reliance on cryptocurrency assets.
The post WLFI-linked AI Financial warns it may not survive next 12 months after losses balloon to $271 million appeared first on Crypto Briefing.
Dogecoin started a fresh decline below the $0.1080 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1065 and $0.1075. DOGE price started a fresh decline below the $0.1080 level. The price is trading below the $0.1075 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1075 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1075 and $0.110. Dogecoin Price Dips Further Dogecoin price started a fresh decline after it closed below $0.110, like Bitcoin and Ethereum. DOGE declined below the $0.1080 and $0.1050 support levels. The price even dipped toward the $0.1020 level. A low was formed near $0.1025, and the price is now showing bearish signs well below the 23.6% Fib retracement level of the downward move from the $0.1127 swing high to the $0.1025 low. Dogecoin price is now trading below the $0.1065 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1065 level. There is also a bearish trend line forming with resistance at $0.1075 on the hourly chart of the DOGE/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.1127 swing high to the $0.1025 low. The first major resistance for the bulls could be near the $0.110 level. The next major resistance is near the $0.110 level. A close above the $0.110 resistance might send the price toward the $0.1120 resistance. Any more gains might send the price toward the $0.1190 level. The next major stop for the bulls might be $0.120. More Losses In DOGE? If DOGE’s price fails to climb above the $0.1075 level, it could continue to move down. Initial support on the downside is near the $0.1020 level. The next major support is near the $0.10 level. The main support sits at $0.0965. If there is a downside break below the $0.0965 support, the price could decline further. In the stated case, the price might slide toward the $0.0920 level or even $0.090 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1020 and $0.1000. Major Resistance Levels – $0.1065 and $0.1075.
Tom Emmer, the House majority whip, is also advocating for his Anti-CBDC Surveillance State Act, which has passed the House but has yet to pass the Senate.
Ethereum Foundation researchers Julian Ma and Carl Beek have resigned, bringing the total number of major departures from the nonprofit to at least eight in 2026.
Bitcoin (BTC) sits at a technical crossroads after losing a crucial support level, leading some market observers to suggest that this week’s price will be decisive for whether the flagship crypto can reclaim upside momentum or extend its recent losses. Related Reading: Trillion-Dollar Italian Bank Moves To XRP, But How Much Have They Bought? Bitcoin 21W EMA Retest To Be Decisive After closing the week at around $77,450, Bitcoin started the new week falling to a new local low of $76,050. The cryptocurrency had been trading between $76,300 and $82,500 throughout its May rally, failing to break out of the crucial resistance despite multiple attempts. In a Monday analysis, market observer Rekt Capital noted that Sunday’s drop saw BTC close below the key 21-Week Exponential Moving Average (EMA), around the $78,000 area, after successfully retesting this level as support for multiple consecutive weeks. The analyst explained that this performance “shows how lackluster the buy-side strength has been at the 21-Week EMA support, producing a limited rally even after multiple successful retests.” It also means the price is positioned for a bearish retest of this level, with any future short-term relief rally potentially turning the EMA into resistance. He highlighted that a rebound is likely as Bitcoin has now formed a new weekly CME Gap around that area. Therefore, the potential relief rally would turn the 21-Week EMA into new resistance and would also serve the newly formed CME Gap. “It would turn the old CME Gap area into new resistance; after all, the previous CME Gap served as a Range which has technically been lost given the Weekly Close below the old CME Gap bottom,” the market observer added. Rekt Capital emphasized that this week is critical for reversing the bearish sentiment, with Bitcoin needing to close above the EMA and at least within the CME Gaps to reclaim its bullish momentum. BTC Faces ‘Cascading Dumping’ Pattern Meanwhile, analyst Easy On Chain affirmed that the Bitcoin sell-off may not be over yet, as it is not facing a simple short-term correction, but a “structurally driven crisis fueled by cascading leverage liquidations and deep spot-market fear.” Based on CryptoQuant data, he highlighted a “clear cascading dumping” pattern in which capitulation from Bitcoin long-term holders triggers panic selling among short-term investors. The data shows that long-term holders who bought 6 to 12 months ago have an average realized entry of around $110,851, meaning many entered deep unrealized losses territory after the recent collapse. Since Thursday, on-chain flows reveal heavy exchange inflows from these holders, with the Spent Output Age Bands (SOAB) ratio for 6–12 month coins surging to 10.54%, far from the normal 1% level. Historically, this has led to large-scale capitulation, increasing spot-market selling pressure that ultimately spreads to short-term investors. Related Reading: Bitcoin Price Extends Decline, Downside Pressure Builds Aggressively In addition, ultra-short-term supplies, which account for roughly 80% of exchange inflows, are currently being dumped at a loss below the critical break-even point (1.0), indicating that most short-term inflows are not profit-taking, but loss-cutting driven by fear. “The current decline is therefore an internally driven market crisis caused by derivative liquidations, large-scale long-term holder capitulation, and cascading panic from short-term participants,” he concluded, affirming that “until this toxic supply is fully absorbed and sentiment stabilizes, a rapid V-shaped recovery remains unlikely,” and investors should avoid aggressive dip-buying. Featured Image from Unsplash.com, Chart from TradingView.com
The Bitcoin miner said the investment will support development of its River Bend AI data center campus as the company expands its long-term AI infrastructure business.
The platform combines crypto custody, trading, settlement, staking and stablecoin infrastructure services for banks and financial institutions.
Rising UK unemployment amid geopolitical tensions signals potential economic instability, challenging growth forecasts and policy responses.
The post UK unemployment unexpectedly rises to 5% amid Iran war pressures appeared first on Crypto Briefing.
Injective (INJ) is suddenly back in the spotlight. After months of muted price action and sideways consolidation, the DeFi-focused Layer-1 token staged a sharp comeback on Monday, climbing more than 9% intraday as fresh momentum swept through the market. Injective price rally comes at a critical moment. INJ has not only reclaimed key technical levels …
Bitcoin is trading below $77,000 due to geopolitical tensions, inflation fears, and higher U.S. Treasury yields, analysts said.
Investment products linked to XRP attracted $67.6 million in weekly inflows, according to CoinShares. The rise came as investors pulled money from Bitcoin and Ethereum during growing geopolitical tensions. U.S. spot XRP ETFs made up $60.5 million of the inflows, showing strong investor interest in XRP. The trend matters because it signals changing confidence in …
XRP price extended losses and traded below $1.420. The price is now consolidating losses and faces hurdles near $1.40 and $1.4350. XRP price started another decline and traded below the $1.420 zone. The price is now trading below $1.40 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.3950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.420. XRP Price Extends Losses XRP price failed to stay above $1.4350 and extended its decline, like Bitcoin and Ethereum. The price declined below $1.4250 and $1.420 to enter a short-term bearish zone. The price even extended losses below $1.40. A low was formed at $1.3630, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1.5496 swing high to the $1.3630 low. The price is now trading below $1.420 and the 100-hourly Simple Moving Average. If there is a fresh recovery move, the price might face resistance near the $1.3920 level. There is also a bearish trend line forming with resistance at $1.3950 on the hourly chart of the XRP/USD pair. The first major resistance is near the $1.40 level. The main resistance could be $1.4080. A close above $1.4080 could send the price to $1.4350. The next hurdle sits at $1.4550 or the 50% Fib retracement level of the downward move from the $1.5496 swing high to the $1.3630 low. A clear move above the $1.4550 resistance might send the price toward the $1.4750 resistance. Any more gains might send the price toward the $1.50 resistance. More Downside? If XRP fails to clear the $1.4550 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.3650 level. The next major support is near the $1.350 level. If there is a downside break and a close below the $1.350 level, the price might continue to decline toward $1.3350. The next major support sits near the $1.3220 zone, below which the price could continue lower toward $1.3120. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.3650 and $1.3550. Major Resistance Levels – $1.4000 and $1.4080.
Bitcoin has fallen about 6% from $82,000 to $76,800, but underlying data point to more than routine pullback.
Bitcoin has witnessed a drop back below the $77,000 level, and with it, the cryptocurrency has lost its recovery above the short-term holder cost basis. Bitcoin Has Fallen Under The STH Realized Price In a new post on X, analyst Maartunn has talked about how BTC’s move above the short-term holder Realized Price ended in rejection. The “Realized Price” here refers to an on-chain indicator that measures the cost basis of the average investor or address on the Bitcoin network. Related Reading: Ethereum Sell Signal That Last Preceded A 63% Drop Flashes Again When the spot price of the cryptocurrency is greater than this metric, it means the investors as a whole are in a state of net unrealized profit. On the other hand, the asset being under the indicator implies the dominance of loss on the blockchain. In the context of the current topic, the Realized Price of a specific investor group is of interest: the short-term holders (STHs). This cohort includes all addresses that purchased their coins within the past 155 days. Now, here is the chart shared by Maartunn that shows the trend in the Bitcoin Realized Price for this group over the last few years: As displayed in the above graph, Bitcoin dropped below the STH Realized Price with its crash in the last quarter of 2025 and stayed below it until the recent recovery rally. This surge finally resulted in the cryptocurrency climbing back above the line, thus putting the STHs back into the green. The profitable status couldn’t last for the cohort, however, as a pullback in the asset has meant that the spot price is once more below the indicator. In the past, the Bitcoin spot price finding rejection around the STH Realized Price is something that has often been witnessed during bearish phases. The reason behind the trend lies in selling from the group’s members that arises as a result of panic-exiting at the break-even level. The recovery attempt in January also fizzled out near the cost basis of these investors. Related Reading: Ethereum Dips To $2,250 As Trader Profit-Taking Hits 3-Week High In some other news, the long-term holders (LTHs), the counterpart of the STH cohort, have seen an uptrend in their supply recently, as CryptoQuant author Darkfrost has pointed out in an X post. From the chart, it’s visible that the Bitcoin LTHs saw their supply go down during the second half of 2025, indicating that the diamond hands of the network were selling. The trend changed this January, with the netflow of the group turning positive. Currently, this cohort controls a total of 15.26 million BTC. BTC Price Bitcoin dropped to a low of $76,700 during the latest retrace, but the coin has since bounced back a bit to $77,700. Featured image from Dall-E, chart from TradingView.com
Ethereum price started a fresh decline and traded below $2,120. ETH is now consolidating above $2,050 and might struggle to recover. Ethereum remained in a bearish zone after a sharp decline. The price is trading below $2,165 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,200 zone. Ethereum Price Consolidates Losses Ethereum price failed to remain stable above $2,200 and started a downside correction, like Bitcoin. ETH price dipped below the $2,165 and $2,150 levels. The price even traded below $2,020. A low was formed at $1,914 on Kraken, and the price is now attempting to recover most losses. There was a recovery wave above the 61.8% Fib retracement level of the downward move from the $2,198 swing high to the $1,914 low. Ethereum price is now trading below $2,165 and the 100-hourly Simple Moving Average. Besides, there is a connecting trend line forming with support at $2,020 on the hourly chart of ETH/USD. If the bulls remain in action above $2,020, the price could attempt another increase. Immediate resistance is seen near the $2,150 level or the 83.2% Fib retracement level of the downward move from the $2,198 swing high to the $1,914 low. The first key resistance is near the $2,175 level. The next major resistance is near the $2,200 level. A clear move above the $2,200 resistance might send the price toward the $2,250 resistance. An upside break above the $2,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,320 resistance zone or even $2,350 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,150 resistance, it could start a fresh decline. Initial support on the downside is near the $2,090 level. The first major support sits near the $2,050 zone. A clear move below the $2,050 support might push the price toward the $2,020 support. Any more losses might send the price toward the $1,940 region. The main support could be $1,920. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,020 Major Resistance Level – $2,190