Crypto Industry News & Market Trends

XLM Breakout Leaves XRP Behind as Correlation Breaks

Besides technical indicators, recent DTCC-related discussions also boosted Stellars short-term narrative. Some traders rotated funds from XRP into XLM after reports linked Stellar to tokenized securities infrastructure. However, several analysts warned that short-term narratives can mislead trading decisions and create temporary market distortions.　　Coach, JV wrote, “The financial system is an ecosystem, not a winner take all video game.” He added that disciplined investors avoid chasing temporary momentum shifts. Moreover, analyst Molt Media noted that both Ripple and Stellar already maintain connections to DTCC infrastructure, challenging the idea of a clear competitive advantage.　　$XRP & $XLM have both been chosen.　　If one announcement changes all the research you have done & what you want to do with hard earned money thats an issue.　　Shared Origins Continue Driving Comparisons　　The comparison between XRP and XLM continues to resurface because both networks trace back to the same founder, Jed McCaleb. He co-founded Ripple in 2012 before leaving the project and later launching Stellar in 2014. Additionally, Stellar began as a fork of Ripples original protocol.　　Related: How Much XRP Would You Need To Become A Millionaire By 2030？　　Both networks seek to facilitate quick and affordable cross-border payments. Yet Ripple has an emphasis on institutional financing and financial institutions,

05-30Industry

Trump Administration Labels Brazils Deadliest Gangs as Specially Designated Global Terrorists

According to Rubio, these two groups “command thousands of members and have orchestrated brutal attacks against Brazilian police officers, public officials, and civilians,” and have expanded their activities beyond Brazil‘s borders. The move comes after Senator Flavio Bolsonaro, President Lula’s opponent in the upcoming elections, lobbied for this measure.　　These two groups have been singled out as using cryptocurrency for money laundering purposes and as an extension of their primary activities, adding a crypto element to this move. Data acquired by local media via public requests puts these organizations as two of the largest crypto money launderers in the country, with the federal Police even targeting a group linked to both the PCC and the Lebanese terrorist group Hezbollah.　　Reports indicate that PCC has been conducting bitcoin mining operations as a money-laundering facade since 2024, when the São Paulo police uncovered a link between the Jacatorta mining company and the organization through Anselmo Santa Fausta, known as Cara Preta, a high-level PCC operative.　　Recently, another mining operation in the hands of the PCC was discovered during Operation Contenção in Rio de Janeiro, where dozens of ASICs were seized.　　The United States Department of State has also designated gangs like the Tren of Aragua and

05-30Industry

Dogecoin Price Prediction: DOGE Holds 10 Cents for Now

Dogecoin is trying to hold the 10 cent level as buyers step in after short term drops. However, a larger Elliott Wave setup still points to downside risk if DOGE breaks below its prior low and heads toward the $0.02 to $0.03 zone.　　Dogecoin Price Reclaims 10 Cents as Analyst Points to Accumulation Setup　　Dogecoin moved back above the $0.10 level after a short term drop below it, according to a chart shared by KrissPax on X.　　The analyst said DOGE is moving through an accumulation period, with price getting pushed below key levels before buyers step in near lower prices.　　Dogecoin 30 Minute Chart. Source:　　The chart shows DOGE trading around the $0.10 level after several moves above and below that price area. A yellow dotted line marks $0.1000, making it the main level on the chart.　　DOGE first dropped below 10 cents on May 23 before bouncing sharply back above the level. The chart marks that earlier rebound with a white arrow, showing how buyers reacted after the selloff.　　A similar move appears again on May 29. DOGE fell below the 10 cent area, formed a short term low near the lower range, and then moved back above the yellow line.　　KrissPax said this is how

05-30Industry

Grayscale Files Updated S-1 For Hyperliquid Staking ETF, What Do Experts Say?

Grayscale has filed a second amended registration statement for its bid to launch a Hyperliquid staking ETF in the U.S. It comes after the fourth amendment, which included an increase in its investment objective.　　Grayscale Updates Hyperliquid Staking ETF Filing　　The firm is adding to the series of moves that bring the Hyperliquid Staking ETF closer to a potential listing in the U.S.　　The latest filing dated May 29, which was the fifth, was noted by Bloomberg ETF analyst James Seyffart on X. He calls it “amendment number five” to the proposed fund.　　The ETF will trade on the symbol HYPG. Moreover, the Grayscale ETF‘s documentation contains language of a major investment in the company’s native token Hyperliquid. However, the fee details are yet to be disclosed.　　The latest amendment doesn‘t seem to make major changes to the fund’s design, Seyffart said. “This looks like its nothing but a response to the potential minor SEC comments or small clean ups or formatting changes from what they filed yesterday,” he wrote. He said he didnt see “anything substantial” in the new document.　　The only thing that hasn‘t been changed is the seed capital proposal. The filing still mentions the use of some 2 million HYPE tokens to

05-30Industry

Brian Armstrong rebukes Dimons stablecoin attack

Brian Armstrong fired back at Jamie Dimon on Friday with a meme, after the JPMorgan CEO attacked him on live TV.Jamie Dimon appeared on Fox Business on May 29, calling Armstrong “full of sh!t” and vowing that banks will fight the Clarity Acts stablecoin provisions.Armstrong responded on X with a hockey-themed meme depicting himself and Dimon facing off, while Galaxy CEO Mike Novogratz publicly backed Armstrong.Dimons core objection is that the Clarity Act lets crypto firms effectively pay interest on stablecoin deposits without bank-level oversight.　　Coinbase CEO Brian Armstrong posted a hockey-themed rivalry meme on X on Friday, hours after JPMorgan Chase CEO Jamie Dimon appeared on Fox Businesss and called Armstrong “full of sh!t” over his lobbying push for the Digital Asset Market Clarity Act.　　The exchange escalated a months-long public feud between Wall Street‘s largest bank chief and crypto’s most prominent exchange CEO, now centred on a single sticking point: whether crypto platforms should be allowed to pay yield on stablecoin balances without submitting to bank-style regulation.　　What Dimon said and what it means　　Appearing on Fox Business on May 29, Dimon said: “It allows cryptocurrency firms to effectively pay interest on deposits, stablecoins or something like that, without the protection that

05-30Industry

Solana Price Prediction: SOL Below $83, $60 Still in Play

Solana remains below the $83.05 weekly open after losing its higher range, keeping the $61.14 support area in focus. The latest heatmap also shows high leverage longs have been cleared, leaving SOL between downside risk and possible upside liquidity near $88 to $90.　　Solana Price Risks Drop Toward $60 as SOL Stays Below Weekly Open　　Solana is trading below key weekly resistance as analyst BitDealer says SOL could move toward $60.　　The weekly chart shared on X shows SOL below the weekly open near $83.05 after a sharp breakdown from the higher range. The price is also far below the yearly open near $124.44, which remains a major upside level.　　Solana Weekly Chart. Source:　　The chart shows SOL losing the orange range that held during late 2024 and 2025. That breakdown pushed price into a lower consolidation area, where buyers have not yet reclaimed the former support zone.　　The first major resistance now sits near the weekly open at $83.05. Above that, the monthly resistance near $99.76 would be the next level buyers need to recover.　　BitDealers downside target points toward the weekly support near $61.14. That level sits below the current range and marks the next major support zone on the chart.　　If SOL fails to reclaim

05-30Industry

Bybit Revamps Open Interest Reporting to Boost Market Transparency

It is the intention of this modification to promote comparability among derivatives platforms and to increase transparencyAs a result of this shift, Bybits reporting methodology is brought into alignment with procedures that are typically used throughout global derivatives markets.　　With effect from June 11, 2026, Bybit, the cryptocurrency exchange that is the second-largest in the world in terms of trading volume, has stated that it would be updating the technique that it uses to calculate Open Interest (OI). As a result of this transition, the counting of OI will shift from being bilateral (dual-sided) to being unilateral (single-counted). As a result of this shift, Bybits reporting methodology is brought into alignment with procedures that are typically used throughout global derivatives markets.　　Although it is anticipated that the presented OI values would seem to be lower owing simply to the changed counting approach, this is merely a reflection of a change in the procedures that are used to calculate. The actual positions held by traders, the restrictions placed on those positions, the margin requirements, the computations of profit and loss, and the risk exposure remaining unchanged.　　It is the intention of this modification to promote comparability among derivatives platforms and to increase transparency. Traders

05-30Industry

Is LABs current rally real? Price rises 16% on Futures buying

LABs [LAB] price rose by double digits in the past 24 hours, clocking more than 16% in gains.　　The rally comes after weeks of scrutiny following a call-out by crypto investigator ZachXBT for an alleged scam. ZachXBT noted irregularities in the supply dynamics of the token, but that seems to have cooled off.　　LAB price teases breakout but drops back　　The rally came after the altcoin broke out from a sideways consolidation that had lasted for 14 days. Before this consolidation, LAB had made an all-time high (ATH) of $7.77.　　While the two-week price range denotes accumulation, these traders were doing so in a premium zone. As per the Fibonacci Retracement tool, LAB was trading above the 50% level, but its price had wicked below that level several times.　　The Stochastic Momentum Index (SMI) was still trading above the neutral level while MACD bars indicated buyer strength.　　Source: LAB/USDT on TradingView　　However, LAB was struggling to stay above this breakout. The price is slowly returning to the range, though bulls are fighting to keep it above $4.87.　　Futures‘ positive inflows vs. Spot’s mixed flows　　On the Futures market, CoinGlass data shows that capital inflows exceeded outflows. In the past 24 hours alone, derivative traders had pumped more than $8.46

05-30Industry

Sui Mainnet Freezes Again, Raising Reliability Concerns

Sui stalls again, freezing DeFi, swaps, and transfers across its Layer-1 blockchain network.Repeated outages raise doubts over Sui scalability during the rapid ecosystem expansion phase.Validators halt while RPC stays online, but users still face frozen transactions and apps.　　Sui‘s blockchain stalled again after a fresh mainnet disruption froze transactions across the network, raising renewed concerns about its stability. The outage halted transfers, DeFi activity, swaps, gaming operations, and wallet interactions on one of crypto’s fastest-growing Layer-1 chains.　　Sui confirmed the issue on X, writing, “Sui mainnet is currently experiencing a network stall.” The team said developers are actively investigating and will release a full incident report later, while traders and developers reassess the networks reliability during a key growth phase.　　Sui mainnet is currently experiencing a network stall. Network activity may be paused at this time.　　The disruption came just days after Sui restored operations from another five-hour outage linked to a software bug. Developers previously traced that incident to a “crash bug in the gas charging logic introduced by the 1.72 release.” Although validators later patched the system and resumed activity, the latest stall has again highlighted ongoing risks around scalability and validator coordination.　　Validators Halt While RPC Nodes Stay Online　　Suis status page classified

05-30Industry

Ripple (XRP) Price Bounces 2% on Continued ETF Inflows: Whats Next?

That follows yesterdays positive reading, when these products saw about $1.77 million in inflows despite the broader crypto market downturn.　　The inflows may not be massive, but they do indicate a temporary trend, with institutions continuing to accumulate XRP amid market instability.　　The continued streak gives bulls a positive narrative, but ETF demand alone has definitely not been enough to fully reverse the broader downtrend observed in XRPs price.　　You may also like:XRP Price Outlook: Key Levels to Watch　　From a technical perspective, XRPs 2% daily bounce is encouraging, but it is far from being a signal for a confirmed trend reversal. The token has recently slipped toward its lowest level since March, with the $1.20 region continuing to serve as a key support level.　　The first major upside level to watch is around $1.4.　　As we recently reported, XRPs 100-day moving average sits near that zone, making it a key resistance level for buyers to reclaim. A successful breakout above it could open the door to a move toward $1.5-$1.6 and improve short-term sentiment.　　On the downside, a clean break below $1.20 would be a bearish signal, potentially exposing the altcoin to a deeper correction. This becomes especially true if Bitcoin and the broader crypto market

05-30Industry

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