Crypto Industry News & Market Trends

Can Solana price overcome double-top resistance and rally above $100?

Momentum indicators have weakened but have not fully rolled over into bearish territory. The MACD histogram on the daily timeframe remains negative, although selling momentum has gradually faded over the past several sessions. Weekly MACD readings have also started stabilizing after months of persistent downside pressure, raising the possibility of a medium-term trend reversal if buyers reclaim higher resistance levels.　　From a structural perspective, traders are closely monitoring the 0.382 Fibonacci retracement region between $87 and $90. Analysts view sustained closes above that area as an early confirmation that Solana may be transitioning out of its post-double-top consolidation phase. A breakout above $90 could expose liquidity near $95 before opening the path toward the key psychological barrier at $100.　　According to analyst Javon Marks, Solana is once again holding a long-term support area that previously triggered explosive rallies. In a recent market update, Marks said one historical rebound from the level generated an 80% rally while another produced gains exceeding 270%.　　“With prices showing strength off of this support level again, we are watching for an over 165% climb to test a key technical level at $233.8 again,” Marks wrote in a May 22 X post.　　Everyone loved $SOL at $295. Nobody wants it

05-23Industry

House Oversight Committee Launches Probe into Polymarket and Kalshi Over Insider Trading

Comer stated that the committee was “examining the adequacy of company safeguards to prevent access to offshore sites to circumvent compliance with applicable U.S. federal regulations governing prediction market platforms.”　　The probe follows a series of reports linking over 80 Polymarket users to insider trading after “suspiciously timed bets” before military actions were taken against Iran, and Kyle Langfords $200 wager on his own California race using Kalshi.　　During a recent interview on CNBC, Comer stressed the need for regulations in the prediction market space, calling it the “Wild West.”　　“It‘s the wild west. There are no rules there. You know, you and I may think we know what’s ethical and what‘s not, but there’s no written law against it,” he declared.　　Comer also pointed out the insider trading situation involving Gannon Ken Van Dyke, a U.S. soldier who participated in the operation against Venezuelas Nicolas Maduro and profited over $400K from his personal bets on Polymarket, as a wake-up call.　　“There‘s a concern now that members of Congress, members of the president’s administration, or any type of government employee could use basic insider knowledge and make huge profits on anything government-related,” Comer declared, stressing that this upcoming probe might be used to prove the

05-23Industry

Why Harvard Just Dumped $87 Million in Ethereum ETF Shares

Harvard University‘s endowment fund has aggressively scaled back its exposure to cryptocurrencies. According to recent regulatory filings, the world’s largest academic endowment fund reversed its bullish stance on crypto assets during the first quarter of the year.　　The move highlights an emerging divergence among Wall Streets elite regarding the long-term viability of spot crypto products. While some multi-billion-dollar entities continue to accumulate digital assets, others are rapidly taking profits or mitigating risk amid a choppy macroeconomic landscape.　　What Did Harvard Sell？　　The latest Form 13F filed with the U.S. Securities and Exchange Commission (SEC) reveals that the Harvard Management Company (HMC) completely eliminated its $86.8 million position in BlackRocks iShares Ethereum Trust (ETHA).　　Compounding this full exit, Harvard also downsized its position in BlackRocks iShares Bitcoin Trust (IBIT) by roughly 43%. The endowment offloaded approximately 2.3 million shares of the spot Bitcoin ETF, leaving it with 3,044,612 shares valued at approximately $117 million at the end of the quarter.　　Understanding Institutional Rebalancing and 13F Filings　　To contextualize Harvards recent trades, it is essential to define what these regulatory disclosures mean. A Form 13F is a quarterly report required by the SEC from institutional investment managers holding at least $100 million in equity assets. It offers the

05-23Ethereum

Coins.ph Expands QRPh Crypto Payments With BTC and ETH Support

Users may easily switch between fiat and digital assets within a single checkout process since stablecoins are at the heart of the system.By scanning the national QR code standard created by the BSP, the integration enables users to transact at an estimated 700,000 QRPh-enabled shops around the Philippines.　　Coins.ph announced the addition of Bitcoin (BTC) and Ethereum (ETH) to its QRPh cryptocurrency payment feature, expanding a system that currently allows customers to pay retailers throughout the country using stablecoins like USDT.　　By scanning the national QR code standard created by the Bangko Sentral ng Pilipinas (BSP), the integration enables users to transact at an estimated 700,000 QRPh-enabled shops around the Philippines. There is no need for manual pre-conversion since cryptocurrency balances are immediately converted into Philippine pesos at checkout.　　The deployment of QRPh-compatible cryptocurrency payments by Coins.ph earlier this year, which added USDT functionality to the countrys QR infrastructure, provided the foundation for this development. It was the first time a digital wallet in the Philippines allowed direct cryptocurrency payments using a national QR code architecture, incorporating stablecoins into a system previously utilized for regular transactions. The first launch resulted in a significant transaction volume driven by USDT payments.　　Users may easily switch between

05-23Ethereum

Verus Hacker Returns $8.5M in ETH After Accepting Bounty Deal

The exploiter kept 1,350 ETH, valued at around $2.8 million, as part of the agreement after Verus proposed treating the remaining funds as a white hat reward if most of the stolen assets were returned within 24 hours. The exploit targeted the Verus-Ethereum bridge through a forged cross-chain transfer vulnerability, and only added to concerns around DeFi security and bridge-related attacks in the crypto sector.　　Verus Exploiter Returns Most Stolen ETH　　The attacker behind the recent Verus bridge exploit the majority of the stolen funds after reaching an agreement with the project team. According to blockchain security firm PeckShield, the exploiter transferred 4,052 ETH back to the Verus team wallet, which is valued at approximately $8.5 million. In exchange, the attacker kept 1,350 ETH, worth roughly $2.8 million, as part of a negotiated bounty arrangement that was offered by the project.　　The agreement was made shortly after Verus publicly proposed a settlement to the attacker. The team stated that if 4,052.4 ETH was returned within 24 hours, the remaining funds would be considered a legitimate white hat bounty rather than stolen assets. The exploiter ultimately accepted the proposal, which allowed the project to recover around 75% of the total funds lost during the

05-23Ethereum

Researcher Proposes $1 Billion Plan to Save Ethereum

Dankrad Feist, a former Ethereum Foundation researcher, has called on the community to build a new ETH-aligned organization with at least $1 billion in funding, arguing it is the only credible path to putting Ethereum back on a winning trajectory.　　His proposal, posted on X, arrives as at least eight senior EF members departed in 2026, with five leaving in May alone.　　A Framework for ETH Alignment　　Feist sketched out four requirements for the new body. It needs at least $1 billion in credible funding and a competent leader willing to fight for the protocols interests. A board explicitly accountable to ether (ETH) holders and a permanent staking revenue stream would complete the structure.　　He put his case directly.　　The way to save Ethereum: The community needs to create an organization thats economically aligned with Ethereum and accountable to it.　　The EF now holds less than 0.1% of all ETH. There is no flow of Ethereum staking or fee revenues to it.　　If we want to get Ethereum back to…　　— Dankrad Feist (@dankrad) May 21, 2026　　“The community needs to create an organisation thats economically aligned with Ethereum and accountable to it.”　　Feist framed $1 billion as a proportionate starting point, noting the figure is “very reasonable for an

05-23Ethereum

Ethereum (ETH) Price Prediction: ETH Holds $2,100 Support as Bulls Eye Recovery Towards $2,880

Ethereum price turns cautious as ETH holds near $2,100 support, with analysts watching $2,170, $2,327, $2,400, and $2,880 as the next key levels.　　Ethereum is still trying to defend a critical short-term zone after a weak weekly stretch. According to Brave New Coin data, ETH is trading near $2,115, down around 1.09% over the past seven days, while 24-hour asset volume remains elevated near $9.74 billion. ETH is holding near the same region where several analysts are watching for either a recovery attempt or another deeper liquidity sweep before the next larger move.　　$2,150 Resistance Becomes the Main Battleground　　Ethereum is now pressing into the $2,150 resistance area, which has become the first major level buyers need to reclaim. After the latest pullback, ETH is trying to recover from the lower range, but the move only becomes meaningful if the price can break and hold above this zone.　　The chart shared by Elja shows ETH pushing into a short-term breakout area, with price forming higher lows underneath resistance. This makes the setup more constructive than a simple bounce, but confirmation still matters. A clean candle close above $2,150–$2,170 would show buyers are taking back control and could open the way towards $2,200–$2,327.　　Broken Trendline Keeps

05-23Ethereum

Why Did Harvard Dump Its Entire $87M Ethereum ETF After 3 Months?

Harvard Management Company has sold its entire $87 million position in BlackRocks iShares Ethereum ETF during the first quarter of 2026, according to its latest 13F filing with the U.S. Securities and Exchange Commission. The move ended a short-lived exposure to Ethereum through an exchange-traded product that had been opened in the fourth quarter of 2025.　　The shows that Harvard exited the Ethereum ETF position during a weak period for the broader crypto market. Ethereum fell sharply in early 2026, reaching the $1,800 area in February as investors reduced exposure to risk assets. ETH has also remained under pressure in recent weeks, declining over the past month as sentiment toward the asset weakened.　　Harvard did not provide a public explanation for the sale in the filing. The move may reflect portfolio rebalancing, risk management, or a decision to reduce exposure after Ethereums price decline. The transaction involved ETF shares rather than Ethereum held directly onchain, meaning the sale did not represent a direct transfer of ETH from Harvard-controlled crypto wallets.　　Harvard Cuts Ethereum ETF Exposure　　Harvard Management Company manages Harvard Universitys endowment fund and regularly reports certain public holdings through quarterly 13F filings. The latest filing showed a full exit from the Ethereum ETF

05-23Ethereum

Bitget Kicks Off Second Year Supporting UNICEFs Game Changers Coalition

Bitget announced the start of its second-year partnership with UNICEFs Game Changers Coalition today.　　Since its launch in 2025, the coalition has reached over 642,000 individuals, including young people, parents, and teachers across eight countries.　　This year, the coalitions vision is to reach a new phase of growth with the addition of financial literacy and AI modules in its curriculum.　　Giving Broader Access to Technology Education　　There are places in the world where the modern core of technology education hasn‘t reached yet. GCC, a global initiative that UNICEF’s Office of Innovation created, exists to fast-track access to digital education in underserved regions.　　The initiative brings together the private and public sector to create a technology education ecosystem, educating young people about emerging economies, especially girls. Current reports suggest that girls make up 52% of the participants of these educational programs.　　Active across countries including Armenia, Brazil, Cambodia, India, Kazakhstan, Malaysia, Morocco, and South Africa, the coalitions goal is to build practical digital skills among youngsters. It aims to do so by applying community-based learning programs that are structured around an innovative curriculum.　　With in-person and online game hackathons being part of the study module, GCC expects that young peoples understanding of the modern digital economy will accelerate.　　Bitgets

05-23Industry

Polymarket exploited for $700K in private key hack

Attackers have reportedly hit prediction market platform Polymarket with a private key hack and stolen roughly $700,000 worth of crypto.　　Crypto sleuth ZachXBT first flagged the attack earlier today, noting, “A Polymarket deployer address appears to have been compromised on Polygon.”　　Crypto security firm Bubblemaps later confirmed that an exploit was underway and that the hacker was stealing 5,000 POL ($460) every 30 seconds.　　It added that the stolen funds were split across 16 addresses before being moved to centralised crypto exchanges, and that ~$700,000 has been stolen so far.　　Polymarkets developer X account said it is aware of the incident “linked to rewards payout,” and claimed, “user funds and market resolution are safe.”　　It claimed, “Findings point to a private key compromise of a wallet used for internal top-up operations, not contracts or core infrastructure.”　　Were aware of the security reports linked to rewards payout. User funds and market resolution are safe.　　Findings point to a private key compromise of a wallet used for internal top-up operations, not contracts or core infrastructure.　　More updates to follow.　　— Polymarket Developers (@PolymarketDevs) May 22, 2026　　The response from Polymarkets developer X account.　　Polymarket developer Josh Stevens also noted that the incident is “not a contract hack,” and that its likely a compromise

05-23Industry

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