Latest Crypto News & Market Updates

OpenAI biodefense program targets pandemic preparedness

Tech　　OpenAI biodefense program targets pandemic preparedness　　A new OpenAI biodefense program is pushing the company deeper into one of AIs most sensitive frontiers: pandemic preparedness. The move is not just about building models. It combines startup investing, policy engagement, and safety systems aimed at spotting biological threats before they turn into wider crises.　　That strategy has been taking shape for months. In July 2025, OpenAI brought together government entities, NGOs, and researchers for a biodefense summit focused on countermeasures and dual-use risks. Then, within weeks later that year, it backed two startups working on biological risk detection and mitigation.　　The pattern matters because it shows OpenAI treating biosecurity less like a side research topic and more like an emerging operating priority. At a time when AIs role in life sciences is expanding fast, the company appears to be building a position that spans tools, partnerships, and guardrails all at once.　　OpenAI biodefense program takes shape　　OpenAI launched a OpenAI biodefense program to enhance pandemic preparedness on May. 29, 2026, formalizing a broader push that had already become visible through funding and convening efforts.　　The companys approach, based on the available details, has three clear parts: backing startups, engaging outside stakeholders, and developing internal systems to evaluate

05-29Industry

Weekly Close Could Determine Whether Ethereum Will Cost $1,000

Ethereum　　Weekly Close Could Determine Whether Ethereum Will Cost $1,000　　The current weekly close will determine whether Ethereum (ETH) falls toward the $1,000 mark, according to a technical analysis by analyst Ali Martinez. According to his data, a weekly candle close below the key $1,850 support will trigger an acceleration of selling.　　If this level is broken, the first target of the downward move will be the intermediate support near $1,560, while the final point of the decline within the multiyear channel will be the lower boundary of the range near $1,070.　　Ethereum ETF outflows meet an “Amazon 2001” analogy　　The decline in the price of the main altcoin is taking place amid the continued flight of institutional capital. U.S. spot Ethereum ETFs recorded a net outflow of $121 million, marking the thirteenth consecutive day of withdrawals and signaling sustained bearish sentiment among Wall Street investors.　　Is Saylor Selling？ Strategy Moves $30 Million in Bitcoin　　Ripples Schwartz Mocks Audacious $286 Billion Bitcoin Lawsuit　　Additional pressure on the market came from the actions of Bankless co-founder David Hoffman, who fully liquidated his ETH position on May 26, 2026, after nine years of holding. Hoffman said the token had already reached fair value and had lost its upside potential, as

05-29Ethereum

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

05-29Ethereum

Crypto Price Analysis May-29: ETH, XRP, ADA, BNB, and HYPE

Crypto Ethereum　　Crypto Price Analysis May-29: ETH, XRP, ADA, BNB, and HYPE　　This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.　　Ethereum (ETH)　　Ethereum is down 6% this week after sellers managed to put pressure on the $2,000 support. At the time of this post, this level appears to be holding, but only by a thread. Another push later could turn it into key resistance.　　If $2,000 is lost next week, buyers will likely retreat to support at $1,800. This level managed to halt the downtrend previously, but another visit there could be interpreted as bearish, with a higher chance of a breakdown.　　Looking ahead, this cryptocurrency remains in a bearish trend with sentiment being quite negative. This will likely fuel new lows as the downtrend continues into the summer of 2026.　　Source: TradingViewRipple (XRP)　　XRP also had a bad week, closing with a 4% loss. Its price fell below the blue pennant, which is now acting as resistance. Sellers are defending the level at $1.4 and the key support levels are found at $1.2 and $1 where buyers are likely to return.　　If this weakness continues, this cryptocurrency is likely to revisit the support levels in the coming weeks. Sellers are also controlling

05-29Ethereum

LTC Price Prediction: $44 Breakdown Imminent as Bulls Abandon Ship

The Immediate Setup　　Litecoin is bleeding out in slow motion. At $50.89, we‘re sitting just $0.56 above the lower Bollinger Band at $49.83, which screams capitulation territory. The RSI has crashed to 31.31 – firmly in oversold but not yet at panic levels where bounces typically materialize. What’s more concerning is the MACD histogram flatlining at zero while the main line sits deep in negative territory at -1.2056. This isnt momentum exhaustion; this is momentum death.　　The 2.77% daily drop might look modest, but context matters. Weve now broken below every meaningful short-term moving average, with price trading 4.5% below the 7-day SMA and a crushing 22% below the 200-day at $65.54. The technical structure has completely collapsed.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full LTC price, calculator & analysis　　Key Levels Exposed　　The battlefield is clearly defined here. Strong resistance has formed at $53.92 – a level that‘s been rejecting every bounce attempt. Even the immediate resistance at $52.40 looks insurmountable given the current momentum profile. Breaking back above $53.92 would require a complete sentiment reversal, something the current data doesn’t support.　　On the downside, immediate support at $49.85 is paper-thin. The real test

05-29Industry

LTC Price Prediction: $44 Breakdown Imminent as Bulls Abandon Ship

The Immediate Setup　　Litecoin is bleeding out in slow motion. At $50.89, we‘re sitting just $0.56 above the lower Bollinger Band at $49.83, which screams capitulation territory. The RSI has crashed to 31.31 – firmly in oversold but not yet at panic levels where bounces typically materialize. What’s more concerning is the MACD histogram flatlining at zero while the main line sits deep in negative territory at -1.2056. This isnt momentum exhaustion; this is momentum death.　　The 2.77% daily drop might look modest, but context matters. Weve now broken below every meaningful short-term moving average, with price trading 4.5% below the 7-day SMA and a crushing 22% below the 200-day at $65.54. The technical structure has completely collapsed.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full LTC price, calculator & analysis　　Key Levels Exposed　　The battlefield is clearly defined here. Strong resistance has formed at $53.92 – a level that‘s been rejecting every bounce attempt. Even the immediate resistance at $52.40 looks insurmountable given the current momentum profile. Breaking back above $53.92 would require a complete sentiment reversal, something the current data doesn’t support.　　On the downside, immediate support at $49.85 is paper-thin. The real test

05-29Industry

SEC Paxos approval: cleared blockchain securities settlement

Blockchain　　SEC Paxos approval: cleared blockchain securities settlement　　The SEC Paxos approval lands like a signal flare for Wall Streets back office — not flashy, but potentially transformative. The Securities and Exchange Commission has granted approval to Paxos to clear and settle securities transactions, giving the blockchain-focused firm a place inside regulated market plumbing that has long been dominated by older systems.　　That matters because clearing and settlement are where trades actually get completed. They are also where delays, handoffs, and reconciliation problems can pile up. By allowing Paxos into that part of the system, regulators are effectively opening the door wider to blockchain-based infrastructure in traditional finance.　　For a market that often talks about tokenized finance in the future tense, this is a concrete step in the present. The SEC Paxos approval is being viewed as a meaningful milestone for bringing regulated digital infrastructure closer to mainstream capital markets.　　SEC approval gives Paxos a foothold in securities settlement　　The core development is straightforward: the SEC granted approval to Paxos to clear and settle securities transactions.　　That gives Paxos the ability to operate within regulated securities infrastructure, a notable shift for a company built around blockchain-based systems. More importantly, it places blockchain clearing closer to the center

05-29Industry

DxSale exploit drains $7.3M in BNB through hidden contract backdoor

DxSale has suffered a $7.3 million exploit after an attacker allegedly used a hidden backdoor in a liquidity locker contract to withdraw BNB locked by more than 1,400 liquidity providers on the BNB Chain.DxSale lost $7.3 million in a BNB Chain exploit affecting roughly 1,400 liquidity providers.Researchers linked the attack to a hidden contract backdoor and a previously undisclosed ownership transfer.The incident follows a wave of DeFi exploits, with protocols losing $52 million to hacks so far in May.　　According to blockchain security firm PeckShield, the attacker-controlled address “0xC457” moved approximately $1.87 million worth of BNB into two primary wallets before sending the funds to multiple deposit addresses associated with Binance.　　The incident affected liquidity that had remained locked in DxSale contracts since the platform was widely used for token launches on BNB Chain in 2021.　　Early findings from blockchain analyst Tahax suggest the exploit may have originated from a contract ownership change that took place months before the attack.　　Tracing the ownership history further, Tahax said more than 80 additional transactions were used to pass control between wallets before it eventually reached the address identified as “0xC45,” which later executed the large-scale BNB withdrawals.　　The analyst also noted that the exploiter wallet was newly

05-29Industry

Samsung Units To Buy $408M Stake In Upbit Operator Dunamu: Report

Tech　　Samsung Units To Buy $408M Stake In Upbit Operator Dunamu: Report　　Samsung Securities, Samsung SDS and Samsung Card will acquire a combined 4% stake in Dunamu, the operator of South Korean crypto exchange Upbit, in a deal that expands Samsung affiliates‘ exposure to the country’s digital asset market, local media reported.　　The three Samsung affiliates held board meetings on Thursday and approved the purchase of 1.39 million Dunamu shares held by Kakao affiliates for 612.8 billion won ($408 million), according to local reports from Yonhap News Agency and ZDNet Korea. Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each acquire 1%.　　The investment extends Samsung‘s digital asset push weeks after Samsung SDS reportedly won a contract to build South Korea’s blockchain-based securities platform, placing Samsung affiliates across both regulated tokenized securities infrastructure and private-sector crypto exchange and payment rails.　　The deal also follows another major Dunamu investment by a South Korean financial group. On May 15, Hana Financial Group said that it would acquire a 6.55% stake in Dunamu from Kakao Investment for more than $668 million, making it the Upbit operators fourth-largest shareholder.　　Samsung Securities plans to cooperate with Dunamu on tokenized securities issuance and distribution, as well

05-29Industry

FalconX Confidentially Files for IPO With SEC

Tech　　FalconX Confidentially Files for IPO With SECFalconX filed a confidential S-1 with the SEC, targeting IPO in the second half of 2026 or next year.The company processed over $2.5 trillion in cumulative volume and supports more than 400 tokens.FalconX acquired 21Shares in October 2025, adding ETP and ETF capabilities to its infrastructure.　　FalconX, the institutional crypto trading platform last valued at $8 billion, has submitted a confidential draft S-1 registration statement to the US Securities and Exchange Commission, initiating the formal process toward a public listing.　　According to reports, the filing was submitted around May 6. FalconX is working with investment banks, including Cantor Fitzgerald, on potential underwriting roles, though formal mandates have not yet been assigned.　　The company could list in the second half of 2026 or push the offering into next year, depending on market conditions.　　What FalconX Actually Is　　Founded in 2018 by CEO Raghu Yarlagadda in San Mateo, California, FalconX provides institutional investors with crypto trading, lending, clearing, and liquidity services. The platform supports more than 400 tokens and has processed over $2.5 trillion in cumulative trading volume.　　Its regulatory architecture was built with institutional credibility in mind. FalconX operates through a CFTC-registered swap dealer entity and maintains registrations with FinCEN alongside

05-29Industry