Crypto Industry News & Market Trends

Bitmine’s Ethereum Hoard Surges Past 5.28 Million ETH as Company Nears 5% Supply Target

Tom Lee said Bitmine expects to reach its long-term goal of owning 5% of Ethereums supply sometime during 2026.　　;　　}　　function loadTrinityPlayer(targetWrapper, theme,extras=“”) {　　cleanupPlayer(targetWrapper); // Always clean first ✅　　targetWrapper.classList.add(‘played’);　　// Create script　　const scriptEl = document.createElement(“script”);　　scriptEl.setAttribute(“fetchpriority”, “high”);　　scriptEl.setAttribute(“charset”, “UTF-8”);　　const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/？themeAppearance=${theme}${extras}`);　　scriptURL.searchParams.set(“pageURL”, window.location.href1);　　scriptEl.src = scriptURL.toString();　　// Insert player　　const placeholder = targetWrapper.querySelector(“.add-before-this”);　　placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);　　}　　function getTheme() {　　return document.body.classList.contains(“dark”) ？ “dark” : “light”;　　}　　// Initial Load for Desktop　　if (window.innerWidth 768) {　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),　　});　　}　　}　　// Mobile Button Click　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),　　});　　}　　function reInitButton(container,html){　　container.innerHTML = + html;　　}　　// Theme switcher　　const destroyButton = document.getElementById(“checkbox”);　　if (destroyButton) {　　destroyButton.addEventListener(“click”, () = {　　setTimeout(() = {　　const theme = getTheme();　　if (window.innerWidth 768) {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if(desktopWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(desktopWrapper, theme,　　}else{　　reInitButton(desktopWrapper,‘’)　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,‘　　});　　}　　}　　} else {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if(mobileWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(mobileWrapper, theme,　　}else{　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,　　});　　}　　}　　}　　}, 100);　　});　　}　　})();　　Bitmine Immersion Technologies announced that its Ethereum holdings have risen to 5.28 million ETH. This gives the company ownership of about 4.37% of Ethereums total circulating supply of 120.7 million ETH.　　The company said its combined crypto, cash, and “moonshot” holdings now total $12.6 billion as of May 17.　　Bitmine Closes In

05-19Ethereum

Goldman Sachs Closes Solana & XRP ETF Stake, Dumps 70% ETH ETF Holdings

Goldman Sachs latest disclosure shows that the bank has dramatically changed its crypto investment portfolio. It sold all its holdings in XRP and Solana ETFs, and substantially diminishing its stake in Ethereum.　　Goldman Sachs Sells Stake In XRP, SOL ETFs　　The Wall Street giants first quarter 2026 filing revealed that it held no positions in any ETFs related to Solana or XRP as of March 31. It was a major change from the last three months of 2025. At the time, Goldman was said to have about $154 million in XRP ETF holdings and over $100 million of investments related to Solana.　　Those earlier allocations were divided between several issuers, such as Grayscale Investments, Fidelity Investments and Bitwise Asset Management.　　Market analysts pointed out that the filing only includes long-term institutional purchases. It doesn‘t present an accurate picture of Goldman’s overall investment stance on cryptocurrencies.　　Short positions, hedging, client exposures and portfolio adjustments after the end of the quarter are not included in the quarterly 13F disclosures. Still, Goldman Sachs appears to have reduced its exposure to investment products of cryptocurrencies due to volatility in the crypto market.　　Reduction In Ethereum & Bitcoin ETF Positions　　Goldman also trimmed its investments in the ETF for Ethereum significantly in

05-19Ethereum

Verus Ethereum Bridge Exploited for $11.58M in Crypto Theft

The Verus Ethereum bridge was reportedly exploited for $11.58 million on May 17–18, 2026, marking another significant breach in cross-chain infrastructure. Attackers targeted the bridges verification system to drain 1,625 ETH, 147,659 USDC, and 103.57 tBTC, according to reports from security firms Blockaid and PeckShield.　　The stolen funds were quickly consolidated into 5,402 ETH, with a current value of approximately $11.4 million, per Etherscan data. At the time of the attack, ETH traded at $2,117.61, USDC hovered near its $1 peg, and tBTC stood at $76,459. The Verus team has yet to issue a public statement on the breach.　　How the Attack Happened　　According to Blockaid, the exploit leveraged a forged cross-chain transfer payload to manipulate the bridge into approving fraudulent transactions. The attacker bypassed key validation steps, tricking the system into releasing funds from the bridge‘s reserves. Security firm ExVul confirmed this assessment, attributing the issue to inadequate source-amount validation in Verus’s smart contract code. The vulnerability could reportedly be patched with minor Solidity code adjustments.　　This attack bears similarities to past high-profile bridge exploits, such as the $325 million Wormhole breach and the $190 million Nomad Bridge hack in 2022. In all cases, attackers exploited weaknesses in cross-chain verification processes, underscoring the

05-19Ethereum

ETH Price Prediction: $1,950 Retest Before $2,400 Breakout - 65% Probability Within 14 Days

Ethereum is bleeding hard at $2,120, down nearly 3% in the last 24 hours and sitting well below every meaningful moving average. The RSI has crashed to 34.48, signaling oversold territory without yet hitting panic levels. Whats telling is the MACD histogram sitting dead flat at zero – momentum has completely stalled as sellers exhaust themselves.　　Trading below the lower Bollinger Band with a -0.08 position screams capitulation, but smart money is quietly positioning. Blockchain.news data shows open interest spiked 5.59% in 24 hours to over $5 billion – institutions aren‘t fleeing, they’re loading up for the next move.　　Key Levels Exposed　　The technical picture is crystal clear: ETH has violated every major support level and now trades $160 below the 7-day SMA and $474 below the 200-day at $2,594. The immediate battleground sits at $2,075 support, with strong support lurking down at $2,030.　　Break below $2,030 and we‘re looking at a fast drop to retest the $1,950-$2,000 zone where real buying should emerge. On the upside, reclaiming $2,181 resistance opens the door to $2,243, but the real prize is breaking back above $2,280 – the 20-day SMA that’s been acting as a brick wall.　　Sentiment vs Reality　　Heres where it gets interesting: while recent analyst

05-19Ethereum

Ethereum Whales Flood Binance With 225,000 ETH In Largest Inflow Since 2022

Sebastians journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.　　To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastians goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape.　　To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.　　Sebastians passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and

05-19Ethereum

Altcoin season signal returns as business cycle turns risk-on: Analyst

Crypto analyst Michaël van de Poppe said the business cycle is starting to improve, which he described as a key signal for altcoins. Van de Poppe says a stronger business cycle may revive appetite for selective altcoin risk.ETH/BTC recovery signals need confirmation above 0.035 before broader rotation can start firmly.The CLARITY Act cleared committee, but Senate hurdles still make regulatory timing uncertain for traders.　　In his view, investors become more willing to buy higher-risk assets when they feel better about future growth.　　He said the business cycle has trended lower for more than four years, close to the same period in which Ethereum has underperformed Bitcoin. He also pointed to gold, oil and yields as signs that markets may be close to a regime change.　　Copper and gold ratio draws attention　　Van de Poppe also pointed to the copper-to-gold ratio. Copper often tracks industrial demand, while gold tends to rise when investors seek safety. A stronger copper trend against gold can signal better risk appetite.　　He linked that setup to Ethereums performance against Bitcoin. His view is that if copper breaks out against gold, Ethereum could follow Bitcoin within one to three months. This remains a market thesis, not a confirmed outcome.　　Meanwhile, Earlier reports support

05-19Industry

Crypto fraudster gets 9 years as it is still Americas fastest-growing crime

Crypto　　Crypto fraudster gets 9 years as it is still Americas fastest-growing crime　　Ohio resident who led a crypto investment fraud operation by collecting more that $10 million has been sentenced to nine year prison term by a federal judge.　　The fraud investment manager, Rathnakishore Giri will be under surveillance for another three years after his release.　　Court records show he lured investors by presenting himself as a skilled cryptocurrency trader who specialized in Bitcoin derivatives trading. He commited with potential investors profitable returns without any risk to their initial investment under his protection.　　Behind the curtains Giri had a classic pyramid scheme running. He took money from new investors to return it to previous ones. This is because he was losing all his bets were proving unsuccessful, causing loss to the peoples money. He would make false reason for refunds.　　In October 2024, Giri confessed to one wire fraud charge. However, he wouldnt stop there. During the time he waited from jos sentencing hearing, he kept on with his act asking more investors for money, bringing in more victims under his web.　　Before Mondays sentencing, Giri acknowledged this additional wrongdoing through an updated agreement with the Department of Justice.　　Court filings show Giri attracted investors by talking

05-19Industry

Goldman Sachs Dumps XRP and Solana, Cuts Ethereum Exposure by 70%

Goldman Sachs fully exited its XRP and Solana (SOL) spot ETF positions during the first quarter of 2026, ending a brief altcoin push that began just months earlier.　　The banks latest 13F filing with the Securities and Exchange Commission (SEC) also shows Ethereum (ETH) ETF exposure trimmed by about 70% and Bitcoin (BTC) ETF stakes preserved near $700 million for the period ending March 31.　　Goldman Sachs Makes A Strategic Altcoin Retreat　　The disclosure marks a sharp reversal from late 2025, when Goldman first appeared as one of the largest institutional holders of spot XRP and Solana ETF products.　　The Goldman Sachs XRP ETF Breakdown　　Goldman Sachs does not issue its own XRP ETF, but it is currently the largest disclosed institutional investor in spot XRP ETFs. The banking giant disclosed a massive $153.8Million stake spread across four different XRP ETFs, with…　　Earlier filings showed nearly $154 million spread across Bitwise, Franklin Templeton, Grayscale, and 21Shares XRP funds, plus a smaller Solana position concentrated in Bitwise‘s staking ETF and Grayscale’s Solana Trust.　　Both positions now sit at zero. Remaining iShares Ethereum Trust (ETHA) holdings stand near $114 million, well below the prior quarter.　　The bank kept roughly $690 million in BlackRocks iShares Bitcoin Trust (IBIT) and about $25

05-19Ethereum

Disney Names New Presidents For Two Parks And Signature Experiences

Getty Images　　Today, The Walt Disney Company has announced a shake-up in its executive teams across Disney Experiences. The news comes on the heels of Thomas Mazloum taking over as Chairman of Disney Experiences in March of this year. The new appointments include a new president for Walt Disney World, Disney Signature Experiences and Disneyland Paris, all of which will take effect by the end of July.　　Joe Schott Takes The Helm At Walt Disney World　　Getty Images　　Walt Disney World will soon be led by Joe Schott, who will succeed Jeff Vahle, who will be retiring in July after 36 years with the Walt Disney Company. Most recently, Schott was the President of Disney Signature Experiences, where he led teams including Disney Cruise Line, Disney Vacation Club, and Adventures by Disney.　　Schott is taking over during a time when Walt Disney World is undergoing a massive investment in its parks. Currently, there are projects underway at Magic Kingdom with all-new Villains and Cars-themed lands, plus a Monsters Inc.-themed expansion at Disney‘s Hollywood Studios and a Tropical Americas land with two massive attractions under construction at Disney’s Animal Kingdom.　　Schott is not new to the theme park scene and has over 40 years of leadership across

05-19Industry

Lawyers Apologize After Fake Claude-Generated Quotes Appear in Trump Layoffs Case

In briefLawyers in a federal layoffs case apologized after AI-generated “phantom quotations” appeared in a court filing.Attorney Jason Greaves said he used Anthropics Claude Console under “tight time constraints.”The filing stemmed from a subpoena dispute connected to FEMA layoffs challenged in federal court.　　A federal court fight over Donald Trump administration layoffs has become the latest example of AI hallucinations entering the courtroom after attorneys admitted submitting fabricated quotations generated by artificial intelligence.　　In a declaration filed on Friday, attorney Jason Greaves admitted the filing included fake quotations generated after he used Anthropics Claude Console to help prepare the motion.　　“Given the tight time constraints I used an enterprise level, data-isolated AI platform, Claude Console, to create an initial draft of the motion. That was a mistake,” Greaves wrote. “The morning of May 6, I sent the draft to an associate attorney, along with explicit, oral instructions that the draft had come from AI, and I needed the citations to be carefully checked. That afternoon, the associate informed me that she had reviewed and verified each citation.”　　According to Greaves, the associate noted that two cases cited were incorrect, but that she had found a different case to cite.　　“As the supervising partner, and the

05-19Industry

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