Crypto Industry News & Market Trends

Injective Price Prediction: INJ Breaks Out Toward $6.50

Open interest surged 32.47% to $151.67M while volume climbed 11.51% to $336.48M. OI rising faster than volume points to fresh positions being built rather than short-term speculation driving the move. Shorts absorbed $441.74K in liquidations over 24 hours against $302.74K for longs, bears are on the wrong side of this move.　　The retail long/short ratio sits at 0.8505, meaning more retail accounts are short. Top traders on Binance run a 1.6802 long/short ratio by accounts but only 0.8676 by positions, suggesting professionals are cautious about sizing despite being directionally long. That gap between account ratio and position ratio is worth watching as price approaches the $6.50 resistance zone.　　INJ Price Prediction for May 30Upside: Holding above the 200 EMA at $5.705 on any pullback keeps the breakout valid, with $6.50 as the next target and $8.00 as the broader objective if momentum sustains.Downside: Losing $5.705 on a daily close pulls INJ back into the handle range, with the 20 EMA at $5.106 as the next demand level.

05-29Industry

Ethereum (ETH) news: A blockchain lottery plans to use crypto gambling fees to fund Ethereum development

Ethereum core developers may soon get a new source of funding: a blockchain lottery.　　Decentralized lottery protocol Megapot said Thursday it is teaming up with Protocol Guild, an independent funding collective for Ethereum protocol contributors, to introduce what they describe as the crypto industrys first programmable charity lottery.　　Under the arrangement, users can buy tickets for a daily lottery through a dedicated Protocol Guild portal for a chance to win prizes from a pool exceeding $1.1 million. Megapot said 100% of referral fees generated from ticket sales will be automatically distributed by smart contracts to Ethereum developers supported by Protocol Guild.　　The effort comes as concerns around sustainable funding for Ethereums core infrastructure have intensified. While the blockchain underpins billions of dollars in decentralized finance and crypto trading activity, many developers maintaining the network earn significantly less than peers in other parts of the industry, according to Megapot.　　Protocol Guild said it has distributed roughly $38 million to Ethereum contributors since 2022 through donations and token pledge initiatives, but estimates that maintaining and scaling Ethereum could require between $30 million and $60 million annually.　　“Every token, NFT, or perps trade depends on the tireless work of Ethereum core developers,” Megapot CEO Patrick Lung said in

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Litecoin price outlook: LTC bounce driven by Nexus Wallet update and LitVM speculation

Litecoin price has bounced as RSI nears oversold conditions.Nexus Wallet added gift card payments and privacy upgrades for LTC use.LitVM speculation and $53.30 resistance shape near-term price direction.　　Litecoin (LTC) traded around $51.54 on Friday morning, posting a roughly 2% gain over 24 hours, according to CoinGecko.　　The modest advance came while Bitcoin remained mostly flat, making Litecoin one of the better-performing large-cap cryptocurrencies in the short term.　　However, despite the daily rebound, the broader trend remains under pressure, with LTC still down nearly 47% over the past year.　　Recent Litecoin price action has been influenced by a combination of technical positioning and renewed attention around ecosystem developments, particularly the Nexus Wallet upgrade and ongoing speculation surrounding LitVM.　　Nexus Wallet update strengthens payment narrative　　Recent developments in the Litecoin ecosystem, particularly the Nexus Wallet update linked to the Litecoin Foundation, have drawn increased market attention.　　The update introduces a more integrated spending experience for Litecoin holders, most notably through direct in-app gift card purchases using LTC.　　This removes the need for external platforms or additional conversion steps, streamlining real-world crypto payments.　　The wallet also builds on existing payment infrastructure, including integrations with Flexa, which enables in-store crypto payments across supported merchants.　　Together, these features position Nexus Wallet as a broader

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Canada annualized Gross Domestic Product contracts 0.1% in Q1

Finance　　Canada annualized Gross Domestic Product contracts 0.1% in Q1　　Canadas Gross Domestic Product (GDP) was unchanged on a quarterly basis in the first quarter of 2026 following the 0.2% contraction recorded in the last quarter of 2025, Statistics Canada reported on Friday.　　In this period, the annualized GDP declined by 0.1%, falling short of the market expectation for a growth of 1.5%. On a monthly basis, the GDP contracted by 0.1% in March.　　Market reaction　　USD/CAD edged higher with the immediate reaction to disappointing GDP data and was last seen rising 0.25% on the day at 1.3820.

05-29Industry

Aave Labs’ Push Gains UK FCA Crypto Registration

Crypto　　Aave Labs Push Gains UK FCA Crypto Registration　　Aave Labs‘ UK subsidiaries, Push Labs Ltd. and Push Virtual Assets Ltd., known together as Push, received Financial Conduct Authority (FCA) cryptoasset registration as cryptoasset exchange providers under the UK’s current Anti-Money Laundering regime.　　The registration was obtained for “certain cryptoasset activities” and supports the decentralized finance (DeFi) companys plans to build regulated stablecoin on- and off-ramping infrastructure in the country, Aave said Thursday.　　Aave Labs‘ Push describes itself as a “simple way to move between Euros and stablecoins,” according to its homepage. The FCA’s online registry shows that the London-headquartered firm has been registered with the regulator since May 12.　　The regulatory greenlight allows the subsidiary of the largest decentralized lending protocol to develop its on- and off-ramping stablecoin infrastructure under regulatory permission in the UK. This marks the second major license for the company in the UK, as Push is also licensed as an Authorized Electronic Money Institution (EMI) by the FCA since July, 2020.　　The approval comes as the UK is moving closer to implementing comprehensive crypto regulation under the Financial Services and Markets Act (FSMA), effective October 2027. The framework will require crypto companies to have full FCA authorization to conduct crypto activities

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Datavault AI Stock Analysis: 0.50 Pivot Holds as DVLT Tests 0.53

DVLT — daily chart with candlesticks, EMA20/EMA50 and volume.Datavault AI Stock Daily Trend: Key Levels and MomentumMoving Averages and Bias　　On the daily chart, DVLT closed at 0.50, below the 20-day EMA at 0.53, the 50-day at 0.62, and the 200-day at 0.86. Interpretation: Price sits beneath all key moving averages, which keeps the primary bias bearish.　　Momentum, Volatility, and Pivots　　Daily RSI14 is 43.48. Interpretation: Momentum is weak but not oversold, leaving room both ways. The daily MACD line and signal are both at -0.05 with a flat histogram. Interpretation: Momentum has stalled at soft levels, signaling indecision rather than reversal.　　Daily Bollinger Bands show a mid at 0.53 with upper/lower at 0.69/0.37. Interpretation: Price is below the midline, and the band width leaves scope for range movement. The ATR14 is 0.05. Interpretation: Typical daily swings near 10% of price argue for disciplined risk sizing.　　Daily pivots print at PP 0.50, R1 0.53, S1 0.46. Interpretation: 0.50 is the immediate battleground, with 0.53 overhead and 0.46 as the downside trigger.　　Hourly Setup: Stabilization at the 0.50 PivotEMAs, Momentum, and Range　　Meanwhile, the 1-hour setup is less negative. Price is near 0.50 and above the 20-hour EMA at 0.49 and the 50-hour at 0.48, but below the

05-29Industry

DXY: Dollar risks upside break – BBH

Finance　　DXY: Dollar risks upside break – BBH　　Brown Brothers Harrimans Elias Haddad notes that resilient US growth and sticky PCE inflation keep the Dollar supported despite improved risk sentiment from progress on a US-Iran deal.　　Dollar Index poised for range break　　“We are sticking to our view the dollar index (DXY) risk overshooting the upper end of its nearly one year 96.00-100.00 range in the near term. Resilient US economic activity in both absolute and relative terms outweigh the drag to USD from easing geopolitical fears.”　　“Both headline and core PCE inflation are overshooting the FOMC‘s 2026 projection of 2.7%. Moreover, core services less housing PCE printed for a second straight month at 3.5% y/y in April, well above the level consistent with a sustained return to the Fed’s 2.0% target.”　　“The Atlanta Fed GDPNow model real GDP growth estimate for Q2 cooled but continues to point at above-trend growth. GDPNow suggests the US economy will expand at an annualized rate of 3.8% in Q2, down from 4.3% in its previous release on May 21. In parallel, the May PMI data points to a widening US growth edge over peers.”　　“Encouraging progress over a US-Iran deal has turbocharged the rally in risk assets. Both sides are

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Oil: Supply surge weighs on prices – DBS

Finance　　Oil: Supply surge weighs on prices – DBS　　DBS Group Researchs Philip Wee notes that Brent and WTI have fallen sharply, as markets anticipate abundant supply from the Gulf. US Treasury Secretary Scott Bessent expects Oil prices to fall below pre-conflict levels, while ongoing negotiations with Iran and the status of the Strait of Hormuz remain key uncertainties for energy markets.　　Brent and WTI extend declines　　“Crude oil prices continued to decline, falling farther below USD 100 per barrel.”　　“US Treasury Secretary Scott Bessent expects oil prices to be lower than pre-conflict levels.”　　“The oil market will be very well supplied, with almost 2,000 ships waiting to come out of the Gulf.”　　“Even if headline energy prices cool, the secondary damage to global logistics from the months-long closure of Hormuz has started to filter into intermediate goods.”

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South Korea’s DAXA Cracks Down on Crypto API Abuse

Crypto　　South Koreas DAXA Cracks Down on Crypto API AbuseDAXA mandates Upbit, Bithumb, Coinone, Korbit, and Gopax to invalidate suspicious shared API keys.Automated trading accounts for 30% of Korean crypto volume, making API governance a systemic issue.Exchanges must now monitor, warn, re-verify, and force-expire API keys based on risk level detected.　　South Korea‘s Digital Asset Exchange Alliance (DAXA) has established mandatory compliance standards requiring the country’s major cryptocurrency exchanges to detect and invalidate API keys suspected of being improperly shared or lent between users.　　The policy, announced May 28, targets a specific exploitation method that has been used to facilitate price manipulation and unfair trading practices across Korean crypto markets. DAXA member exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, are all subject to the new standards.　　Why This Matters　　API keys are access credentials that allow users and external programmes to interact with exchange accounts, placing orders, checking balances, and executing withdrawals without manual login. When lent or shared with third parties, they become a tool for coordinated trading activity that can manipulate prices while obscuring who is actually behind the trades.　　The Financial Supervisory Service of Korea said that automated trading currently accounts for approximately 30% of cryptocurrency trading volume in the country, making

05-29Industry

Sumitomo Mitsui Trust Partners With Hashport to Turn Card Points into JPYC Stablecoins

Hashport will serve as the platform to complete these exchanges, with every 2,500 reward points from Diners Club cards and every 4,000 points from the Trust card exchangeable for 1,000 JPYC when the service starts next Monday.　　In addition, to celebrate the launch, the service is establishing a cashback program from June 1 to November 30 that will return 500 points for every 1,000 points exchanged. The JPYC received can be managed in 4 different chains, including Ethereum, Avalanche, Polygon, and Kaia, and can be used freely to pay for products and services.　　Nobuaki Yamaguchi, President and Representative Director, Sumitomo Mitsui Trust Club, stated that they were delighted to combine , which are attracting global attention as a safe and reliable next-generation payment method, with credit card points.　　He also explained that their reward points had no expiration date.　　HashPorts CEO Yoshihiro Yoshida remarked on the relevance of this kind of program as a catalyst to increase adoption of stablecoins in Japan. “Points represent a massive fund pool with over 2.8 trillion yen newly issued annually, and have the potential to be a catalyst for the social implementation of ,” he stressed.　　Finally, Noritaka Okabe, Representative Director at JPYC, stressed this move was “an important

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