Latest Crypto News & Market Updates

Dell (DELL) Stock Skyrockets Over 30% as AI Server Demand Powers Historic Market Rally

Tech　　Dell (DELL) Stock Skyrockets Over 30% as AI Server Demand Powers Historic Market RallyDells quarterly revenue soared to $43.8B with an 88% year-over-year increase, while AI server orders reached $24.4BDell stock rocketed more than 30% higher; the Dow Jones achieved a historic milestone by surpassing 51,000Strong enterprise AI software demand lifted Salesforce and NetApp shares significantlyAI infrastructure enthusiasm drove gains in Hewlett Packard Enterprise and Super Micro ComputerAST SpaceMobile shares declined following complications with Blue Origins New Glenn rocket program　　Dell Technologies Delivers Massive AI-Driven Earnings Beat　　Dell Technologies reported what many are calling one of 2025‘s most impressive earnings performances. The tech giant announced quarterly revenue of $43.8 billion, representing an 88% jump from the same period last year, alongside adjusted earnings per share of $4.86. Revenue from AI-optimized servers climbed to $16.1 billion while AI-related order volume hit $24.4 billion. The company’s AI server backlog now exceeds $51 billion. Management upgraded its fiscal 2027 AI revenue projection from $50 billion to $60 billion. The stock responded by jumping more than 30%, prompting numerous Wall Street analysts to raise their price targets.　　Dow Jones Achieves Historic 51,000 Milestone　　The catalyst for broader market gains came directly from Dell‘s blockbuster report. The Dow Jones

05-30Industry

$1.5 Million Wiped Out as Hyperliquids SpaceX Pre-Market Perpetual Flash Crashes 45%

Tech　　$1.5 Million Wiped Out as Hyperliquids SpaceX Pre-Market Perpetual Flash Crashes 45%　　Bitcoin Ethereum News　　Onchain Data Shows Severe Vacuum in Pre-Market Contract　　SPACEX-USDH, a synthetic pre-market asset, plunged from an opening price of $2,277 down to a low of $1,254 within a 30-minute window, representing a nearly 45% collapse. The contract eventually recovered to trade near $2,157, but the brief liquidity vacuum triggered cascading liquidations across the decentralized trading platforms order books.　　Image source: X　　The sharp drawdown wiped out 1,393 leveraged positions across 405 individual users, resulting in a total notional loss of exactly $1.51 million. Market analysts noted that the median margin of the liquidated positions was only $31, indicating that the market was heavily skewed toward high- leverage retail participants.　　The SPACEX-USDH contract behaves as a synthetic perpetual tied to the implied market valuation of the aerospace company SpaceX. Because SpaceX remains a private entity with an initial public offering expected around June 11, there is no publicly available price benchmark for the asset.　　The market was built using Hyperliquid‘s HIP-3 architecture by a venue called Ventuals, which allows independent builders to construct pre-markets for private equities using the exchange’s core matching engine. In fact, following the incident, the firm pledged to compensate

05-30Industry

Solana, Sui and Aptos wallet data targeted in TrapDoor package attack

A new crypto-theft campaign is targeting the developers most likely to have wallet keys, cloud credentials and production access sitting on their machines.　　Researchers at security firm Socket said earlier this week they identified a supply-chain attack called TrapDoor spread across three major open-source programming registries, with more than 34 malicious packages and hundreds of related versions and artifacts.　　A key takeaway is that attackers are becoming more focused. In addition to social engineering, which targets individuals holding key information, supply-chain attacks are built not to catch random retail users but developers. Those are the very people who may have wallet files, SSH keys, GitHub tokens, cloud credentials and production access on the same machine they use to build crypto and AI tools.　　Socket did not identify victims or stolen funds, but said the packages were live across npm, PyPI and Crates.io and contained payloads that could steal wallet data, exfiltrate credentials, test AWS and GitHub tokens and leave behind files to keep access active.　　The packages programmed in JavaScript, Python and Rust were disguised as developer helpers, security scanners, wallet tools, Solidity utilities, AI prompt packages and Sui or Move build helpers.　　Boring by design　　The names were boring by design. Packages were named “wallet-security-checker,”

05-30Industry

XRP Utility As XRPL RWA Market Hits $2.25B Amid RLUSD Boom

Tech　　XRP Utility As XRPL RWA Market Hits $2.25B Amid RLUSD Boom　　Bitcoin Ethereum News　　The XRP utility is expanding with institutional adoption on the XRP Ledger (XRPL) ramping up in the first quarter of 2026, per reports. Rapid growth in tokenized real-world assets (RWAs), stablecoins, and their exposure in ETFs were major factors contributing to the increased utility of XRP.　　XRP Utility Amid RWA Growth Surge On XRPL　　According to a new Messari report, the RWA market cap of the XRPL grew by 124% quarter-on-quarter to $2.25 billion. It has now positioned XRP Ledger in the league of top blockchain systems that provide support for tokenized asset offerings.　　Moreover, Messari pointed out that the number further climbed, which puts XRPL fourth in all the networks based on the RWA market cap.　　State of XRP Q1 2026　　Key Update: XRP‘s utility continues to grow as XRPL’s feature set expands, particularly for institutional DeFi use cases such as RWAs, stablecoins, and decentralized liquidity. @XRPLF @Ripple　　Messari concluded that “XRP‘s utility continues to grow as XRPL’s feature set expands, particularly for institutional DeFi use cases such as RWAs, stablecoins, and decentralized liquidity.” The research company also noted that the introduction of new infrastructure is boosting the contribution of XRP to the

05-30Industry

STRC slips below par as Strategys (MSTR) cash reserves face growing scrutiny

Strategys perpetual preferred security, Stretch (STRC), fell as low as $97.11 on Thursday as bitcoin slipped to the $73,000 mark.　　STRC tends to face selling pressure during bitcoin drawdowns and in the days immediately following its ex-dividend date, as seen on Nov. 20 and Feb. 5. The ex-dividend effect typically results in a price adjustment reflecting the value of the dividend, while periods of bitcoin weakness can reduce investor appetite for Strategy-related securities. Together, these factors have historically created short-term pressure on STRCs market price.　　The company has structured STRC to trade near its $100 par value, as maintaining that level enables Strategy to continue issuing shares through its at-the-market (ATM) program and raise additional capital efficiently.　　Strategy repurchased $1.5 billion of its 0% convertible senior notes due 2029 recently, reducing its overall debt burden. However, the buyback was funded using cash from the company‘s U.S. dollar reserve. Strategy’s cash balance declined from approximately $2.25 billion to $871 million as a result.　　Based on the companys current annual preferred dividend obligations of roughly $1.7 billion, the remaining cash reserve now provides only about six months of coverage but was initially implemented to cover the dividend obligations for 24 months.　　Executive Chairman Michael Saylor discussed several

05-30Industry

SOL’s 30% Open Interest Drop Puts $68 Back In Focus

Tech　　SOLs 30% Open Interest Drop Puts $68 Back In Focus　　Bitcoin Ethereum News　　Solana (SOL) futures dropped sharply in May as traders reduced leveraged exposure across all exchanges. SOL open interest (OI) dropped to $1.90 billion on Thursday from $2.75 billion on May 11, a 30% decline, while funding rates remained close to neutral. The combination points to weakening investor sentiment as SOL eyes a retest of its yearly low at $68.　　SOL spot demand offsets futures market weakness　　The aggregated funding rate for Solana futures held near -0.005, showing balanced positioning between longs and shorts. SOL traders have not built aggressive directional bets despite the recent price slide to $80.　　At the same time, the aggregated futures volume cumulative volume delta (CVD) for stablecoin-margined orders fell to a yearly low of -$13 billion. The CVD tracks whether buyers or sellers are more active over time. The decline signals stronger sell-side pressure in futures markets through May.　　However, spot activity paints a steadier picture. Spot CVD has improved to $350 million since March, showing that buyers have continued to absorb supply on spot exchanges even as derivatives positioning has weakened.　　The positive flows into spot SOL exchange-traded funds (ETFs) to that trend. The monthly net inflows reached

05-30Industry

Can Ripple’s Fed Master Account Approval Trigger A New XRP Bull Run? AI Model Says $80 Is Possible

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.　　Ronaldos journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.　　Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.　　One of Ronaldos defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.　　Ronaldo‘s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others,

05-30Industry

IOTA rockets 14% as whales accumulate - Perps back the move

IOTA has posted a 14% gain, and the conditions supporting further upside remain clearly intact in the near term.　　Spot activity, whale involvement, and perpetual market funding are all aligning to set IOTA up for a continued run in the market, and the convergence of these signals makes the current setup worth paying close attention to.　　Whale delta holds positive as Spot buyers accumulate　　Whale involvement in the IOTA market has been running high, with the whale-versus-retail delta maintaining a positive reading of 0.341 in the market.　　A positive reading in this metric signals that there is ongoing net whale accumulation outpacing retail involvement in the market.　　This trend has been strengthening since the 22nd of May, and given that whales are known to control a significantly larger portion of market liquidity compared to retail traders, their sustained accumulation carries meaningful implications for where price heads next.　　Source: CoinGlass　　The Spot market has reinforced this picture with rising buying activity over the past two days, with accumulation growing significantly within that period.　　Spot netflow data shows net buying has reached approximately $232,000, as traders continue to show clear interest in IOTA and accumulate more of the asset.　　While this figure remains modest on its own, the tendency for the

05-30Industry

Kalshi follows CFTC in suing Minnesota over its law criminalizing prediction markets

Prediction market Kalshi filed a federal lawsuit against a Minnesota bill to criminalize operating, hosting or promoting such a platform in the state starting Aug. 1.　　The filing follows a motion filed by the Commodity Futures Trading Commission (CFTC) on May 19, the day after the law was signed by Governor Tim Walz, arguing that the legislation violated the U.S. Constitution by criminalizing at the state level the operation of prediction markets governed by federal regulators.　　In its filing, Kalshi claimed the law violates the Supremacy Clause of the constitution, which says the federal Commodity Exchange Act (CEA) grants the CFTC “exclusive jurisdiction” over derivatives and swaps traded on designated contract markets (DCMs).　　The platform also challenged a provision that criminalizes the marketing or advertising of prediction markets, saying it violated the First Amendment.　　On Wednesday, U.S. President Donald Trump said it was critically important that the CFTC maintain sole authority over prediction markets, echoing CFTC Chair Michael Seligl.　　Kalshi has recently won similar preliminary injunctions against enforcement attempts in New Jersey and Arizona.　　Prediction markets are facing challenges outside the U.S. and in the past week have been banned in countries including Indonesia, Spain and India.　　The U.S. government is conducting a probe into prediction markets,

05-30Industry

Gemini Taps Grok for Custom AI-Powered Prediction Markets

The tool is powered by Grok, the AI model created by SpaceXAI, a division of Musks rocket-building company SpaceX that runs Grok and the social media website X.　　Gemini is one of several crypto exchanges expanding beyond spot and derivatives trading into prediction markets and AI amid a crypto market slump that has caused trading volumes and profits to sink.　　Last month, Gemini introduced a feature letting users connect AI models like ChatGPT and Claude to their trading accounts to autonomously monitor markets and even execute trades on their behalf.　　Gemini prediction markets revenue hits $400,000 in Q1　　Gemini said in its first quarter results released earlier this month that its prediction markets platform made a revenue of $400,000 from 20,000 users, a fraction of the revenue and users recorded on market leaders Kalshi and Polymarket.　　Gemini reported a 42% year-on-year increase in revenue to $50.3 million for the quarter as it continued expanding from a crypto-native trading platform into a financial services company.　　Gemini also managed to trim its quarterly net loss by 27% year-on-year to $109 million.　　Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraphs Editorial Policy and aims to provide accurate and timely information. Readers are

05-30Industry

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