“This implies that a local bottom is forming,” Ali Martinez argued. Cardano’s native token remains well in the red on a weekly scale, reflecting the predominantly bearish mood dominating the crypto market. Nonetheless, one important metric (which has previously been quite accurate) suggests that the price might be gearing up for a resurgence. Formation
Kraken has launched AVAX staking for eligible users globally, offering up to 10% APY on bonded positions. Summary Kraken launched AVAX staking on May 21 with three options: Bonded Staking up to 10% APY, plus Auto Earn and Flexible Staking each at up to 3.5% APY. The 10% bonded rate is promotional and will drop
Syndicate Labs revealed that all of its code will remain permanently open source and available for developers who want to continue building on the technology. Syndicate Labs, an on-chain development startup backed by Andreessen Horowitz, announced that it is winding down operations after five years of building infrastructure for on-chain developers. It cited major
Mark Cuban says he has sold roughly 80% of his Bitcoin holdings after losing confidence in its hedge narrative. Summary Mark Cuban told Front Office Sports he sold most of his Bitcoin after gold surged to $5,000 during the US-Iran conflict while Bitcoin fell. Cuban called Bitcoin “not the hedge I expected” and said it
“Age consumed” hit a record 17.4T, showing that long-dormant WLFI supply moved suddenly on-chain after Binance’s USD1/BTC listing. World Liberty Financial’s WLFI token recently hit a huge milestone after it recorded its highest-ever realized profit event. According to on-chain analytics firm Santiment, 1.8 billion of the Trump-linked tokens were sold at a profit on
Everclear’s announcement of a full operational wind-down sent CLEAR sharply lower in the latest session. Summary As of May 21, CLEAR declined to $0.0002332, down over 48% in 24 hours Everclear confirmed full shutdown of protocol and operations Project previously processed $500 million in monthly volume Team cites lack of sustainable revenue despite partnerships Everclear,
“Zcash is built to be a rebel – and rebels rarely win popularity contests,” Gemini stated. The recent price performance of the leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and many others, reflects the broader weakness in the market, reinforcing the outlook that we are currently in a bear cycle
Hong Kong’s first officially approved HKD-backed stablecoin, HKDAP, has completed a live transfer test on Ethereum involving three licensed firms. Summary Anchorpoint Financial, OSL Group, and PantherTrade executed the test on Ethereum mainnet HKDAP is pegged 1:1 to the Hong Kong dollar (“at par”) Phased issuance is targeted by the end of Q2 2026 The
A negative Coinbase Premium Index suggests that US-based institutional buyers have been largely absent from the market. Ethereum (ETH) has lost more than half its peak value in nine months, and the buyers who normally step in to cushion the fall are nowhere to be found. According to on-chain analyst Easy On Chain, the
HYPE has surged to fresh all-time highs above $60, with a 24-hour gain of 16.15%, extending an explosive uptrend powered by ETF demand and DeFi-native speculation. Summary HYPE is trading around $59.84, after briefly breaking above $60 The token is up 16.15% over the past 24 hours Short term, volatility risk is high; medium term,