Bitcoin maintains upward momentum despite a recent market retracement that briefly pulled the asset off its all-time highs. After climbing past the $111,000 level last week to set a new record, the cryptocurrency experienced a modest correction. BTC trades at $109,874 at the time of writing, reflecting a 2.3% daily increase. The move comes amid broader bullish sentiment in the crypto market, with traders weighing recent volatility against long-term structural trends. Meanwhile, analysts tracking on-chain activity suggest that the recent price pullback may have cleared the path for more sustainable market behavior. Related Reading: $200,000 Bitcoin ‘Is Real’ By Year-End, Says Top Researcher High Leverage Triggers Liquidations Below Key Support Levels Amr Taha, a contributor to CryptoQuant’s QuickTake platform, highlighted how Bitcoin’s price action flushed out over-leveraged traders while presenting an opportunity for long-term investors to reinforce their positions. His post titled “Late Longs Wiped Out — Long-Term Holders Seize the Opportunity to Accumulate Bitcoin” points to distinct market behavior unfolding in real time. Taha noted that Bitcoin’s recent drop below the psychological $111,000 threshold led to two significant long liquidation clusters on Binance. The first wave occurred around the $110,900 mark, wiping out over $97 million in long positions. Shortly after, a second wave hit as the price breached $109,000, resulting in a further $88 million in liquidated positions. These back-to-back events reflected cascading margin calls from traders using high leverage, a pattern often seen during sharp short-term corrections. Notably, liquidation clusters tend to emerge when rapid price movements force the automatic closure of margin positions, intensifying sell pressure in the process. This volatility tends to shake out speculative positions and can signal a temporary pause or consolidation phase in the broader trend. According to Taha, while the market absorbed these liquidations, it simultaneously witnessed a contrasting pattern among long-term holders (LTHs), who remained active throughout the volatility. Long-Term Holders Accumulate as Liquidations Unfold While short-term participants absorbed the brunt of the sell-off, LTHs appeared to interpret the price dip as a buying opportunity. Taha highlighted on-chain metrics showing that the LTH realized cap, a measure of the total value paid for held coins by long-term investors, has surged past $28 billion. This level had not been observed since April, reinforcing the narrative that seasoned market participants are increasing their exposure during moments of market dislocation. Related Reading: Is The Bitcoin Rally Over After $111,900 ATH? Global M2 Money Supply Is Still Going The behavior of long-term holders is often seen as a barometer for market health. Their steady accumulation during liquidation events suggests confidence in Bitcoin’s long-term value trajectory. Historically, accumulation by LTHs during volatile periods has coincided with later upward price expansions, as coins are removed from circulation and selling pressure is reduced. With leveraged positions reset and structural accumulation underway, the groundwork may be forming for Bitcoin to attempt another breakout beyond its previous highs. Featured image created with DALLE, Chart from TradingView
The company's new digital asset, called BGUSD, offers a minimum annualized yield of 4%, Bitget said in a statement.
At Bitcoin 2025, Michael Saylor, Executive Chairman of Strategy, called on-chain proof-of-reserves “a bad idea.” He explained that sharing wallet addresses can expose companies to risks, making them vulnerable to tracking and security threats. Saylor warned that this could weaken the safety of issuers, custodians, and investors. He added that AI could easily identify many …
Adam Back, the cypherpunk cited in Satoshi Nakamoto’s Bitcoin whitepaper, has invested nearly $1.5 million in H100 Group, a Swedish digital health firm that just became the first public company in Sweden to adopt a Bitcoin treasury strategy. His support helped close a $2.2 million convertible loan round, with the remaining $700,000 coming from other …
Michael Saylor, the executive chair of major Bitcoin-buying firm Strategy, formerly MicroStrategy, says institutions posting onchain proof-of-reserves is a “bad idea” that could pose security risks.“The current, conventional way to publish proof of reserves is an insecure proof of reserves,” Saylor said when asked about institutions adopting the transparency measure at a May 26 event on the sidelines of the Bitcoin 2025 conference in Las Vegas.“It actually dilutes the security of the issuer, the custodians, the exchanges and the investors. It’s not a good idea, it’s a bad idea.”Saylor didn’t answer whether Strategy would publish its proof-of-reserves when asked by Blockware Solutions head analyst Mitchell Askew whether his firm would do so.I asked @saylor if @MicroStrategy has any plans to publish on-chain proof of reservesHis answer will SHOCK you“It’s a bad idea.”- Security Risk- Irrelevant without also having Big 4-audited liabilitiesCheck it out ???? pic.twitter.com/tIxUckgbEp— Mitchell ✝️???????? (@MitchellHODL) May 27, 2025Proof-of-reserves are common among crypto exchanges and verify that the company holds sufficient crypto reserves to cover customer deposits. They can also confirm that other entities, such as crypto-tracking exchange-traded funds, hold the required amount of crypto for the funds.Saylor acknowledged the industry had a lot to learn from the collapses of crypto exchanges FTX and Mt. Gox, but said proof-of-reserves isn’t the correct measure to take for institutions.“No institutional-grade or enterprise security analyst would think it’s a good idea to publish all of the wallet addresses, such that you could be traced back and forth.”“Go to AI, put it in deep think mode and then ask it ‘what are the security problems of publishing your wallet addresses?’ and ‘how might it undermine the security of your company over time,” Saylor said, adding it would write “50 pages of security problems.”Proof-of-reserves increasingly adopted after FTX collapseMany crypto exchanges, custodians and exchange-traded fund issuers started publishing their proof-of-reserves following FTX’s collapse in November 2022 to establish transparency and prove that they hold enough assets to back customer deposits.Related: Strategy bags 4,020 Bitcoin as price briefly breaks $110KCrypto exchanges Binance, Kraken and OKX and crypto asset manager Bitwise are among the industry players that have adopted the transparency measure.However, Saylor noted that proof-of-reserves often only show one side of the picture — what the company holds — and not what they owe.Source: Mitchell AskewSaylor’s Strategy is the world’s largest corporate Bitcoin holder, with 576,230 Bitcoin worth $62.6 million on its balance sheet, followed by Bitcoin mining firm MARA Holdings, which holds 48,137 Bitcoin, according to BitcoinTreasuries.NET.More than 110 publicly traded companies worldwide have purchased and hold Bitcoin.Magazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee
Bitcoin could fall out of its bullish channel, possibly testing support at $100,000, though the broader outlook remains positive.
Dogecoin has held steady above $0.22 since May 20 and climbed back after a brief dip. It hit $0.25 on May 23, then eased into the weekend. In the last 24 hours, the token is up 4.1%. Over a week, it’s up 5%, even though it slipped midweek. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? The Triangle Pattern According to TradingView analyst Akbar Karimzsfeh, Dogecoin has been tracing a long, tightening triangle since its all-time high of $0.73536 on May 3, 2021. That peak was followed by a drop to $0.048 on June 13, 2022. Since then, every attempt to break lower—on June 5, August 14 and October 9 of 2023—has failed. The lines of the triangle are closing in. When they meet, a sharp move is likely. Key Resistance Levels Based on data, the upper trendline of the triangle also matches the top of a large “cup” pattern around $0.4916. There was an attempted breakout in December 2024, and prices almost hit that $0.4916 mark but got pushed back. After that, DOGE slid down to $0.13. It has since recovered some ground, but it still has to clear that $0.4916 hurdle before bulls can claim real control. Recent Price Moves Dogecoin hovered around $0.22 between May 20 and May 26. It peaked at $0.25 on May 23, only to slip afterward. Then the last 24-hour gain of 4.1% showed it can bounce from support. The 5% weekly rise points to steady buying, even with some pullbacks in the middle of the week. Traders are watching for a daily close above $0.50 as a sign that the long squeeze is over. On-Chain Metrics Rise On-chain data backs up the price action. New addresses have jumped by 102.40% in the past seven days. Active addresses climbed 111.32%. Zero balance addresses went up 155.45%. That suggests more people are sending small amounts of DOGE or testing the network. It doesn’t guarantee they’re holding long term, but it does flag higher interest and activity. DOGE price up in the last week. Source: CoinMarketCap Related Reading: Bitcoin To $125K By End Of Q2? Bold Call From Bybit Executive If Dogecoin can break above the top trendline and hold above $0.49, some see a move toward $3.08. That target is based on adding the triangle’s height to the breakout point. It’s a big leap. Psychology and trading fees could slow that run. But the pattern says a strong move may be coming. Based on reports, caution is still wise. Wait for clear confirmation before betting on a moonshot. A slip below the lower trendline near $0.05 would turn the picture bearish. For now, Dogecoin sits in the balance, squeezed between two key trendlines. Traders and fans will be watching every close above $0.49 or fall below $0.05 to gauge the next big move. Featured image from Gemini Imagen, chart from TradingView
Is the altcoin season about to begin, or is it a trap for an impending crash? As investors search for the next 100x token, one on-chain analyst is doing the opposite. He is planning his full exit in 2025. Here’s why: 90% of Altcoins Could Plunge If historical data is observed, altseason starts in June …
This incident highlights the growing threat of cyber extortion and the need for robust security measures in digital platforms and personal data protection.
The post Solana co-founder’s personal info leaked on Migos’ Instagram in suspected data breach appeared first on Crypto Briefing.
Bilal Bin Saqib has been tapped to lead strategy as Islamabad embraces crypto mining and ties with a controversial U.S. crypto project.
Giancarlo, who chaired the CFTC from 2017 to 2019, has joined crypto bank Sygnum as an advisor to support its growth.
Bitcoin is pushing toward a breakout at $112K while Ethereum stays steady after the Pectra upgrade. Trump Media’s massive $3B crypto play turns heads, and India stirs the pot with calls for tax reform. Meanwhile, BNB, ADA, and XRP take a slight breather. While the whole crypto market is swelling with optimism. India’s crypto industry …
Current artificial intelligence models lack the major traits of human intelligence, Meta’s AI chief has reportedly said, claiming that the firm’s latest model will solve this issue. Business Insider reported on May 26 that at the AI Action Summit in Paris earlier this year, Meta chief AI scientist Yann LeCun said that “there are four essential characteristics of intelligent behavior that every animal, or relatively smart animal, can do, and certainly humans.” “Understanding the physical world, having persistent memory, being able to reason and being able to plan complex actions, particularly planning hierarchically,” LeCun said.He said current large language models (LLMs) that power popular AI chatbots have not hit this threshold, and “incorporating these capabilities would require a shift in how they are trained.”Some of the largest AI and tech giants are “cobbling capabilities” onto existing models in their race to dominate the AI game, LeCun said.Yann LeCun speaking on LLM intelligence. Source: Patrick Patterson/X Meta is already experimenting with a system called retrieval augmented generation (RAG), which is a method of enhancing LLM outputs using external knowledge sources.In February, it released V-JEPA, a non-generative model that learns by predicting missing or masked parts of a video.Related: Meta gets EU regulator nod to train AI with social media contentLeCun believes that “world-based models” would be a better approach as these would be trained on real-life scenarios and possess higher cognition than current pattern-based AI. The concept involves models that can imagine taking an action and predict the resulting world state. Since the world has infinite unpredictable possibilities, LeCun believes training must happen through abstraction, which mirrors how humans make sense of the physical world.Meta’s AI brain drain Meanwhile, Meta is experiencing significant talent loss from its AI research team, particularly among the researchers who created the original Llama model in 2023, Insider reported on May 26. Just three of the original 14 Llama authors remain at Meta, and many have joined Mistral, a Paris-based startup co-founded by former Meta researchers and key Llama architects. Meta’s latest release, Llama 4, received a lukewarm reception from developers, many of whom now look to faster-moving rivals that have dedicated reasoning models such as OpenAI’s GPT-4o, Google’s Gemini 2.5 Pro, and the recently launched Claude 4 Sonnet from Anthropic, the report added. On May 15, The Wall Street Journal reported that Meta was delaying the rollout of its flagship AI LLM, Llama 4 “Behemoth.” Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye
Bitcoin’s momentum, which pushed the asset to a fresh all-time high of over $111,000 earlier this week, appears to have paused slightly heading into the weekend. As of the time of writing, BTC is trading at $108,499, marking a 2.5% decline over the past 24 hours. Despite this short-term retracement, the overall market trend remains positive. Bitcoin has held most of its recent gains and remains just below its record peak set yesterday. The recent price action has coincided with an increase in on-chain signals, suggesting that large players are returning to the market. Notably, analysts are closely monitoring activity from major crypto exchanges like Binance, which have historically played a significant role in price discovery and market direction. Related Reading: Bitcoin Smashes Past $111K, But Are Traders About to Dump? Bitcoin Whale Activity on Binance Sparks Volatility Watch A recent analysis by CryptoQuant contributor Crazzyblockk highlighted a surge in whale activity on Binance. In his QuickTake post titled “Binance Whale Activity Spikes — Eyes on the Market,” the analyst pointed out that the Binance Whale Activity Score has seen a sharp rise. This metric, which measures inflow and outflow behavior of the top 10 whale wallets on Binance, indicates that large holders are actively repositioning. These movements can be early indicators of upcoming volatility and directional shifts in the market. The analyst explained that inflow spikes from whales may point to potential distribution or strategic selling, while outflow surges often signal accumulation or redeployment of capital to other platforms. The significance of these whale movements lies in their historical tendency to precede major price developments. According to Crazzyblockk, Binance remains a central venue for price formation, making it critical to observe whale patterns there. He concluded that these inflow-outflow fluctuations could introduce higher liquidity and possibly increased volatility in the short term. Spot Market Data Points to Renewed Buyer Interest Complementing these observations is a report from another CryptoQuant analyst, Ibrahimcosar, who identified a positive shift in spot market behavior. According to the analyst, the Spot Taker CVD (Cumulative Volume Delta) over the past 90 days has turned green again. This metric reflects the difference between taker buy and taker sell volumes and serves as a proxy for real-time demand. A green phase indicates that market buy orders have become dominant, suggesting that buyers are regaining control. The analyst noted that in previous months, the same chart showed mostly red values, indicating a prevalence of sell orders and downward price pressure. The recent transition back into green territory may suggest the emergence of new demand as Bitcoin challenges its previous highs. Related Reading: Bitcoin From Pizza Day Era Still On The Move, Glassnode Reveals With price levels remaining elevated, the presence of buying pressure is interpreted as a potentially bullish signal. While cautious sentiment remains, these dynamics hint at the possibility of further upward movement if momentum continues to build in the days ahead. Featured image created with DALL-E, Chart from TradingView
Over 150,000 Ethereum validators (around 15% of the network) are signaling support to raise the block gas limit.
The crypto world loves to talk about altcoin season — those exciting times when smaller cryptocurrencies start skyrocketing in price, often even outperforming Bitcoin. But is it happening now, or are we still stuck in the Bitcoin season? A group of experts recently weighed in, and here’s what they had to say. Are We in …
Solana started a fresh decline from the $188 zone. SOL price is now moving lower and might decline further below the $170 level. SOL price started a fresh decline from the $188 resistance zone against the US Dollar. The price is now trading below $180 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $176 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $180 resistance zone. Solana Price Dips Again Solana price formed a base above the $170 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $172 and $175 resistance levels. The price tested the $188 resistance before there was a fresh drop to $170. A low was formed near $170 and the price recently attempted a fresh increase. The price cleared the $172 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $188 swing high to the $170 low. Solana is now trading below $180 and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $176 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $176 level. The next major resistance is near the $180 level. The main resistance could be $185. A successful close above the $185 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level. Another Decline in SOL? If SOL fails to rise above the $176 resistance, it could start another decline. Initial support on the downside is near the $172 zone. The first major support is near the $170 level. A break below the $170 level might send the price toward the $165 zone and the trend line. If there is a close below the $165 support, the price could decline toward the $160 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $172 and $170. Major Resistance Levels – $176 and $180.
The Paris-based crypto company Blockchain Group is adding more Bitcoin to its growing treasury through a 63.3 million euro ($72 million) bond sale.The company hopes to buy another 590 Bitcoin (BTC) with the funds, increasing its total holdings to 1,437 BTC, the Blockchain Group said on May 26.Bitcoin is trading at over $109,00, and at current prices, the Blockchain Group could buy 658 BTC with the total amount it raised, according to CoinGecko.However, the company said only 95% of the proceeds from the issuance will be used to buy Bitcoin; the remainder is marked for “operational expenses and to pay management fees.”Source: Alexandre LaizetVenture capital firm Fulgur Ventures invested the lion’s share for the bond sale, with 55.3 million euros ($62.9 million), while crypto private investment fund Moonlight Capital invested 5 million euros ($5.7 million). The bonds will be convertible into shares of the Blockchain Group at €3.809 ($4.34).The Blockchain Group (ALTBG) is listed on Euronext Paris, Europe’s second-largest stock exchange by market cap. The company’s website says it is focused on “increasing the number of Bitcoin per share over time by leveraging the holding company’s excess cash and appropriate financing instruments.”ALTBG closed May 26 trading down nearly 5.5% at 2.77 euros ($3.16), but has gained nearly 766% so far this year, according to Google Finance. After the company started buying Bitcoin on Nov. 5, the stock spiked 225% to 0.48 euros ($0.52).The Blockchain Group’s stock price has made significant gains since the company announced its Bitcoin buying plan. Source: Google FinanceIn its 2024 financial year results, released April 30, the Blockchain Group listed the current yield from its Bitcoin holdings at over 709%.Meanwhile, its total consolidated revenue for the year was €13,864,000 ($15.8 million) compared to €20,408,000 ($23.2 million) for the previous fiscal year, representing a decrease of 32.1%.As part of its results, the company said its long-term strategy is to acquire 1% of the total Bitcoin supply over the next eight years, with a target of over 170 by 2032.More companies take the “orange pill”A growing number of public companies are buying Bitcoin to hold for the long term in the hopes of making gains from the asset.Related: Metaplanet is raising another $21M through bonds to buy more BitcoinSwedish health tech company H100 Group AB became one of the latest companies to take the orange pill after announcing a Bitcoin-buying pivot on May 22. Strive Asset Management also announced on May 7 that it will transition into a Bitcoin treasury company.Experts speculate there are tangible long-term benefits for a company holding Bitcoin despite its unpredictable volatility, such as a hedge against inflation, long-term price appreciation and theoretically lower correlation to equity markets over time.Magazine: Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review
After a slight weekend slump that saw Bitcoin (BTC) dip to $106,600, the leading cryptocurrency has recovered most of its losses and is currently trading close to the $110,000 level. With bullish momentum building, several crypto analysts now believe that BTC may be on track to hit a new all-time high (ATH) in the coming days. Bitcoin To Surge To $112,000? Analyst Says Yes According to a recent CryptoQuant Quicktake post by contributor ibrahimcosar, Bitcoin is forming a classic bullish pattern on the hourly chart – the double bottom. The analyst described this setup as “one of the strongest reversal signals” in technical analysis. Related Reading: Bitcoin Rebound Signals Healthier Bull Market Without Overheating, Analyst Says Ibrahimcosar explained that this pattern signals a weakening of bearish pressure, with buyers poised to regain control of the market. The first bottom of this formation was observed on May 23 at $106,800, followed by a second low on May 25 at $106,600. For the uninitiated, the double bottom is a bullish reversal chart pattern that forms after a downtrend, characterized by two distinct lows at a similar level with a moderate peak – called neckline – in between. According to the CryptoQuant contributor, the current neckline is around $109,000. At the time of writing, Bitcoin is hovering just above this neckline, confirming the breakout. Importantly, the breakout was accompanied by a surge in trading volume, which analysts interpret as a sign of robust bullish momentum. If $109,000 holds as support, then price levels beyond $112,000 could be on the horizon. The analyst explained in their Quicktake post: Double bottoms are where the market says: ‘We’ve sold enough.’ When buyers defend the second bottom, it sends a message: Now it’s our turn. But remember, not every pattern plays out. Know your risk, make your decision. Fellow analyst Ali Martinez echoed this sentiment in a recent post on X, sharing the following BTC hourly chart that highlights a breakout from the recent downtrend. According to Martinez, Bitcoin is now targeting the $110,000 level and potentially higher. Good Days Ahead For BTC Following a rough first quarter in 2025, Bitcoin has shown significant recovery, surging from a local bottom of $74,508 on April 6 to nearly $110,000. This recent rally has revived bullish sentiment across the market. Related Reading: Technical Analyst Predicts Bitcoin Price Blow Off Top To $325,000 – The Timeline Will Shock You Fueling the optimism are strong inflows into spot Bitcoin exchange-traded funds (ETFs), indicating renewed institutional interest. Meanwhile, Bitcoin’s open interest recently hit a fresh all-time high, reinforcing expectations of continued price momentum. However, not all indicators are aligned. Bitcoin whales – large holders of BTC – have shown mixed behavior, with some accumulating while others appear to be taking profits. At press time, BTC trades at $109,998, up 2.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and Tradingview.com
A second person suspected of being involved in a high-profile crypto kidnapping case in New York City is expected to turn himself in to police, according to several reports.The second man is a Swiss crypto investor who allegedly assisted business partner Joel Woeltz, who is accused of kidnapping Michael Valentino Teofrasto Carturan and torturing him in a Soho apartment in an attempt to pressure him into revealing his crypto wallet phrase, ABC7 New York reported on May 26.A separate NBC report said the Swiss trader — who is not named — would turn himself over to police within a week. However, FOX5 New York reported that the man may already be in custody, citing conflicting sources.The New York Post reported that the man is the co-founder of a Swiss trading firm.Woeltz, known as the “crypto king of Kentucky,” is facing several charges, including kidnapping, unlawful imprisonment and assault. He allegedly held the victim at his apartment for 17 days.Woeltz’s assistant, Italian-born Beatrice Folchi, was also arrested, however, she was freed, and no charges have been laid against her.The arrests came after Teofrasto Carturan, aged 28 from Italy, managed to escape the apartment on May 23 — the day he had allegedly been told would be his “death day.”CNN reported that Teofrasto Carturan agreed to give up his crypto seed phrase, which was stored on his laptop in another room, and as he went to get his laptop, Woeltz turned his back, allowing him to bolt to the exit.Several New York news outlets shared videos of the victim running outside, barefoot, toward a traffic officer.Sometime after, police arrested Woeltz at his Soho apartment and took him into custody.He remains detained, and his next court date is set for May 28.Alleged victim shares ordealTeofrasto Carturan claimed to police that he arrived from Italy on May 6 and went to the Soho apartment to meet his “business partners.”Sometime later, he claimed his passport was token he was tortured to reveal his crypto seed phrase. NBC New York reported that Teofrasto Carturan has an estimated net worth of around $30 million.Related: NYC Mayor doubles down on crypto push ahead of city summitPolice said Teofrasto Carturan was tied up with electrical cords and electrocuted. His feet were also tased while submerged in water and the alleged perpetrators held an electric chainsaw to his leg, threatening to cut off his limbs.Police claimed they found a Polaroid of the alleged perpetrators torturing Teofrasto Carturan, one showing him bound to a chair with a gun to his head. Teofrasto Carturan was also allegedly forced to smoke crack cocaine and was urinated on in the Soho apartment, described by NBC New York reporters as a “high-end frat house” with stripper poles and expensive liquor scattered throughout the five-story building.Carturan spent some time being treated at a hospital after escaping, the New York Post said.Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye
The prospect of XRP reaching a price of $1,000 has been a topic of considerable debate among investors and analysts. To be clear, no one’s promising moon boots here. But according to analyst Cheeky Crypto, the risk-versus-reward setup for XRP today looks a lot like Bitcoin’s awkward teenage years, back when the loudest voices called …
XRP price started a fresh decline from the $2.350 zone. The price is now moving lower and is currently at risk of more losses below $2.30. XRP price started a fresh decline below the $2.30 zone. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $2.305 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.350 resistance. XRP Price Eyes Dips Again XRP price found support at $2.265 and recently started a recovery wave, following Bitcoin and Ethereum. There was a move above the $2.30 and $2.32 resistance levels, There was a move above the 23.6% Fib retracement level of the downward move from the $2.4767 swing high to the $2.2670 low. However, the bears were active near the $2.350 level. There is also a new connecting bearish trend line forming with resistance at $2.305 on the hourly chart of the XRP/USD pair. The price is now trading below $2.35 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.305 level and the trend line. The first major resistance is near the $2.340 level. The next resistance is $2.3720. It is near the 50% Fib retracement level of the downward move from the $2.4767 swing high to the $2.2670 low. A clear move above the $2.370 resistance might send the price toward the $2.40 resistance. Any more gains might send the price toward the $2.420 resistance or even $2.450 in the near term. The next major hurdle for the bulls might be $2.50. Another Decline? If XRP fails to clear the $2.3720 resistance zone, it could start another decline. Initial support on the downside is near the $2.280 level. The next major support is near the $2.2650 level. If there is a downside break and a close below the $2.2650 level, the price might continue to decline toward the $2.2350 support. The next major support sits near the $2.20 zone. 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 – $2.2650 and $2.2350. Major Resistance Levels – $2.3720 and $2.420.
Bitlayer’s Bitcoin smart-contract system is being implemented by mining pools behind 31.5% of the network’s hashrate, a development that will help ensure that its system will operate on the Bitcoin blockchain, the company said.According to a May 27 announcement shared with Cointelegraph, Bitlayer’s BitVM implementation will be supported by major Bitcoin (BTC) mining pools including Antpool, F2Pool, and SpiderPool. Antpool CEO Andy Chow said:"Antpool has become the bridge operator for Bitlayer to support Bitcoin innovation and protect miners’ interests.”BitVM (Bitcoin Virtual Machine) is a framework that enables complex smart contracts to be deployed on the Bitcoin blockchain without changing the base protocol. The idea was introduced by Robin Linux in 2023, and allows for the complex computation involved in smart contract systems to be verified onchain and executed offchain in a way resembling optimistic rollups.Related: Here’s how Bitcoin is transforming into Web3’s backboneA BitVM implementationBitlayer is a BitVM implementation, aiming to allow Bitcoin to flow through decentralized finance (DeFi) systems and layer-2 networks. According to Chow, the implementation might lead to heightened activity in Bitcoin’s network and generate revenue for miners:“This expansion of Bitcoin’s use cases will drive more network activity, generating additional transaction fees and revenue opportunities for miners. As block rewards decrease over time, growing fee markets are critical for miners’ sustainable income.“Mining pools such as Chow’s Antpool play a critical role in the adoption of BitVM implementations because they directly determine the inclusion and validation of new types of transactions and scripts at the consensus layer.BitVM requires miners to include custom Taproot-based transactions that encode interactive verification logic. Mining pools must agree to include these non-standard or computationally intensive scripts in blocks, otherwise the protocol would simply not function.Related: StarkWare researchers propose smart contracts for Bitcoin with ColliderVMMining pool supportAccording to Hashrate Index data, Antpool controls 17.2% of Bitcoin’s hashrate as of May 26, while F2Pool controls 8.2% and Spiderpool 6.1%. This results in a total supporting hashrate of 31.5%.Bitcoin hashrate distribution between mining pools. Source: Hash Rate IndexThis is enough to secure transaction inclusion in under one in every three blocks. This is presumably enough for testing, prototyping and early-stage applications.With this percentage of supporting hashrate, developers can build functional systems with the assumption that, despite some latency, BitVM transactions will be processed. So while it is hard to view this hashrate as allowing a fully functional deployment, it is likely enough for the early phases of BitVM development.A Bitlayer representative told Cointelegraph that “should collective hashrate support weaken or policy shifts occur within Bitcoin Core, we have a multi-layered contingency plan.” This plan includes the “expanded mining pool partnerships,” referring to the company’s intention to keep onboarding more mining pools.Magazine: ZK-proofs are bringing smart contracts to Bitcoin — BitcoinOS and Starknet
PLUS: SCB10X's new CEO, Kaweewut Temphuwapat, predicts clearer regulations and fintech innovation in Thailand will drive stronger crypto deal flow across Southeast Asia.
Bitcoin heads into the final days of May with an unusually dense agenda of market-moving events that stretch from Las Vegas to Washington and Wilmington. Beginning Tuesday the 27th, the world’s largest cryptocurrency will be at the centre of its own ecosystem, Wall Street’s macro diary and one of the most closely watched bankruptcy wind-downs in digital-asset history. Bitcoin Week Of Fire The epicentre is Bitcoin 2025, the annual industry gathering that this year takes over The Venetian in Las Vegas from 27–29 May. Organisers expect more than 30 000 attendees and have added a new “Code + Country” policy track to underline Bitcoin’s emergence as a political wedge issue. “This is more than a headline moment — it’s a signal,” BTC Inc. chief executive David Bailey said when announcing the keynote roster. “Bitcoin is the most exciting financial innovation in the world. It’s at the forefront of the national conversation.” Related Reading: $200,000 Bitcoin ‘Is Real’ By Year-End, Says Top Researcher For the first time a sitting US vice-president will speak at a crypto conference: JD Vance is due on the main stage Wednesday morning, 28 May. His team has trailed a defence of “innovation, financial sovereignty and a more resilient American future,” and public filings show personal Bitcoin holdings worth up to half a million dollars. Moreover, “Crypto Czar” David Sacks, Bo Hines, Executive Director of President Donald Trump’s Council of Advisers for Digital Assets and US Senator Cynthia Lummis will speak on Tuesday. The political guest list does not end there. From abroad, Brexit campaigner – and now Reform UK leader – Nigel Farage has confirmed a fireside interview, arguing that national sovereignty and “free speech” run parallel to Bitcoin’s ethos. “We are pleased to announce that Nigel Farage will join the speaker lineup at the Bitcoin Conference 2025 in Las Vegas,” organisers wrote in a statement last week, framing his return as a natural sequel to his 2023 appearance in Amsterdam. Also slated are Eric Trump and Donald Trump Jr., underlining how thoroughly the Republican establishment has embraced the event. While cameras focus on the Venetian halls, traders will be wiring what the FTX Recovery Trust calls “over $5 billion” to thousands of former customers of the failed exchange. The second distribution round, beginning Thursday 30 May, will see creditors recover between 54 % and 120 % of their dollar-denominated claims, with BitGo and Kraken acting as agents. Because many claimants sold other crypto holdings to cover losses in 2022, analysts will watch whether a fresh injection of spendable dollars feeds directly back into the market. Related Reading: Stealth Bitcoin Bull Run Ahead: Fidelity Says Do Not Blink Macro traders get no respite. On Wednesday afternoon the Federal Reserve releases the minutes of its 6–7 May policy meeting. The Fed’s signaled that, because of persistent inflation risks, a rate cut is off the table for now, even as policymakers express concern over the economic fallout tariffs could trigger. Twenty-four hours later comes the Bureau of Economic Analysis’ second estimate of first-quarter GDP; the advance print showed a 0.3 % annualised contraction, a surprise that rattled rate-cut odds in early May. Finally, Friday brings the April Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation gauge, with publication set for 30 May at 08:30 EDT. March’s core PCE was flat month-on-month and 2.6 % year-on-year; economists now infer a 0.2 % MoM rebound for April, keeping the YoY pace at 2.6 %. The estimate comes from translating the latest CPI release into PCE weights. Headline PCE inflation has already slowed to 2.3 % YoY in March, its lowest in four years. At press time, BTC traded at $109,686. Featured image created with DALL.E, chart from TradingView.com
Solana Foundation introduced the Solana Attestation Service on May 23, positioning the protocol as a trust layer for what the network’s backers call “internet capital markets.” The open-source service lets approved issuers bind off-chain credentials, such as know-your-customer results, geographic eligibility, or accreditation status, to a user’s wallet address without exposing personal data on-chain. Attestations […]
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XRP’s price has been cooling off lately, following the overall crypto market’s lead. At the moment, Bitcoin is holding up better than most altcoins — and that includes XRP. With Bitcoin dominance staying strong, many altcoins like XRP are struggling to keep up. As Bitcoin moves sideways or pulls back, it puts pressure on altcoins, …
Ethereum price found support at $2,460 and started a fresh increase. ETH is now struggling and might drop again below the $2,500 support. Ethereum started a decent increase above the $2,500 and $2,520 levels. The price is trading near $2,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,555 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a move below the $2,500 support zone in the near term. Ethereum Price Faces Resistance Ethereum price started a fresh increase from the $2,460 support zone, like Bitcoin. ETH price was able to recover above the $2,500 and $2,520 resistance levels. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $2,730 swing high to the $2,463 low. However, the bears were active near the $2,600 resistance zone. The price failed to clear $2,600 and reacted to the downside. Ethereum price is now trading near $2,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,555 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,580 level. The next key resistance is near the $2,600 level. It is close to the 50% Fib retracement level of the downward move from the $2,730 swing high to the $2,463 low. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,800 resistance zone or even $2,850 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,600 resistance, it could start a fresh decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,520 zone. A clear move below the $2,520 support might push the price toward the $2,460 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,520 Major Resistance Level – $2,600
AI art platform Civitai now accepts eight cryptos to purchase its own virtual currency, joining other NSFW businesses embracing the tech.
Bitcoin price started a fresh increase above the $108,000 zone. BTC is now consolidating and might start another increase if it clears $110,750 Bitcoin started a fresh upward move above the $107,500 zone. The price is trading above $108,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $109,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $110,750 resistance. Bitcoin Price Consolidates Gains Bitcoin price found support near the $106,650 zone and recently started an upside correction. BTC traded above the $107,500 and $108,000 resistance levels. There was a move above the 50% Fib retracement level of the recent decline from the $111,982 swing high to the $106,672 low. The price even spiked above the $110,000 resistance zone. However, the bears were active near the $110,200 level. The price failed to settle above the 61.8% Fib retracement level of the recent decline from the $111,982 swing high to the $106,672 low. Bitcoin is now trading above $108,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $109,200 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $110,000 level. The first key resistance is near the $110,750 level. The next key resistance could be $111,800. A close above the $111,800 resistance might send the price further higher. In the stated case, the price could rise and test the $113,000 resistance level. Any more gains might send the price toward the $115,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start another correction. Immediate support on the downside is near the $109,200 level. The first major support is near the $108,500 level. The next support is now near the $107,500 zone. Any more losses might send the price toward the $106,200 support in the near term. The main support sits at $105,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $108,500, followed by $107,500. Major Resistance Levels – $110,000 and $110,750.