Latest Crypto News & Market Updates

WTI snaps four-day rally as traders assess US-Iran talks and Hormuz flows

Finance　　WTI snaps four-day rally as traders assess US-Iran talks and Hormuz flows　　West Texas Intermediate (WTI) crude Oil plunges more than 5% on Wednesday, snapping a four-day winning streak as traders react to fresh geopolitical headlines that raised hopes for a potential agreement to end the US-Iran war and reopen the Strait of Hormuz. At the time of writing, WTI trades around $96.76 per barrel.　　US President Donald Trump said on Wednesday that negotiations with Iran were in the final stages, though he warned that military action remained possible if no deal is reached. “Theres more fighting to come unless Iran gets smart,” Trump said.　　Diplomatic efforts mediated by Pakistan continue as Washington and Tehran work to finalize the text of a possible agreement. According to Al Hadath, citing sources, Pakistani army leader Asim Munir may travel to Iran on Thursday to announce the final version of the agreement.　　Meanwhile, Irans Islamic Revolutionary Guard Corps (IRGC) Navy said transit through the Strait of Hormuz remains ongoing with permits and coordination from Iranian authorities. The IRGC added that 26 vessels, including oil tankers, container ships and other commercial vessels, transited through the Strait over the past 24 hours.　　These developments helped ease immediate supply disruption fears

05-21Industry

Crypto layoffs grow as Meta’s AI shift hits jobs

Crypto layoffs are drawing fresh attention as Meta starts a new round of AI-linked job cuts, adding Big Tech context to staff reductions across digital asset firms.Meta began global AI-led cuts as Singapore staff received early notices, with more regions expected.Kraken reportedly cut about 150 roles as AI tools expanded across the major crypto exchange.Coinbase plans to cut 14% of staff while building leaner AI-native teams this year globally.　　Meta has started notifying workers in Singapore as part of a wider restructuring tied to artificial intelligence. Bloomberg reported that some employees received layoff emails around 4 a.m. local time, while staff in Europe and the U.S. were also expected to receive notices.　　The cuts are expected to affect engineering and product teams. The same report said Meta had nearly 80,000 employees at the end of March, before the latest restructuring began. A 10% reduction would place the job cuts near 8,000 roles.　　AI push changes Metas structure　　Meta is also moving workers into AI-focused teams. The Guardian reported that more than 7,000 employees must shift into new teams tied to AI agents and cloud infrastructure. The report said some transfers were not optional.　　Metas head of people, Janelle Gale, said in a memo that smaller

05-21Industry

Buy or Sell Ethereum? Analysts Split on ETH Price Charts

The $2,100 zone, therefore, becomes critical. A decisive hold could open the door to a bounce toward $2,500, while a clear loss might validate the bearish scenario.　　On-chain data support the cautious view. Weakening DeFi total value locked, softer holder behavior, and reduced network activity reinforce concerns about further downside if immediate supports give way under pressure.　　Recent exploits in the DeFi space have also damaged short-term sentiment around Ethereum.　　Combined with the yield pressure from traditional markets, these headwinds explain why many investors remain hesitant to add exposure right now.　　$ETH is stuck around $2,140, lagging BTC hard while DeFi TVL on Ethereum has collapsed 41% since mid January from $106B down to $63B.　　That drop lines up perfectly with a clear inverted cup-and-handle forming on the daily chart since late March. The current bounce feels like the… pic.twitter.com/MhKHcHpZRR　　— Robert ???? (@iR0bertt) May 20, 2026　　The broader macro backdrop still matters. If global yields finally roll over and the CLARITY Act advances on schedule, risk appetite could return quickly, turning today‘s discomfort into tomorrow’s opportunity for early buyers.　　Whats next for Ethereum price？　　Ethereum stands at a defining moment between two opposing scenarios. On one side, Van de Poppes accumulation thesis builds on peaking yields, regulatory progress,

05-21Ethereum

Ethereum Price Outlook: Why Whale Selling and ETF Outflows Could Drag ETH Lower

Ethereum　　Ethereum Price Outlook: Why Whale Selling and ETF Outflows Could Drag ETH Lower　　The post Ethereum Price Outlook: Why Whale Selling and ETF Outflows Could Drag ETH Lower appeared first on Coinpedia Fintech News　　Ethereum price action is beginning to flash fresh warning signs as a combination of whale selling, ETF outflows, and weakening price structure raises concerns over its near-term outlook. As volatility returns and confidence starts to weaken around key levels, traders are increasingly watching whether this shift reflects a temporary cooldown, or something more meaningful.　　That focus is now turning toward why whale selling and ETF outflows could drag ETH price lower, and whether Ethereum is at risk of losing another major support zone.　　Whale Selling Raises Questions Over Ethereum Conviction　　One of the more notable warning signs for Ethereum comes from the behavior of large holders. Recent market data suggests that more than 60 whale wallets holding over 10,000 ETH have either significantly reduced exposure or fully exited positions over recent weeks. Whale movements are closely watched because large holders often react early to changing market conditions, particularly during periods of uncertainty.　　While whale exits do not always signal panic selling, a decline in high-value holders during periods of weakening momentum often

05-21Ethereum

Bitcoin price holds $77K – Can fading spot demand stall BTCs rally？

Bitcoins [$BTC] latest recovery revealed a widening split between rising blockchain activity and weakening U.S. spot-market conviction. Earlier rallies often strengthened as Coinbase demand rose alongside broader ecosystem participation and institutional accumulation.　　More recently, however, Coinbase Premium weakened to negative $66.8 even with Bitcoin near $77,200. Before May, the premium had only dipped to negative $62.6 while Bitcoin traded closer to $68,000.　　Source: CryptoQuant　　That divergence suggested offshore demand on Binance continued outpacing U.S.-based buying pressure despite higher prices. Base network revenue also climbed to near roughly $972,000, surpassing late-March levels near $917,000 due to stronger blockchain usage.　　Source: CryptoQuant　　That imbalance implied Bitcoins rally still lacks broad organic spot participation, potentially leaving momentum vulnerable if offshore liquidity and derivatives demand begin weakening further.　　Bitcoin demand growth collapses 　　Bitcoins broader recovery weakened once total demand sharply reversed beneath the neutral zero region during May. Earlier momentum had already pushed demand growth above 150,000 $BTC before rapidly collapsing toward negative territory again.　　The reversal mattered because similar demand breakdowns previously aligned with sharp Bitcoin pullbacks from roughly $120,000 toward lower support regions.　　Price also stabilized near the broader $77,000 zone while total demand continued falling, reinforcing weakening participation beneath the recovery structure. Futures-driven momentum initially fueled upside expansion through

05-21Exchange

Coinbase expands branded stablecoin infrastructure business with Flipcash USDF launch

Coinbase launched $USDF with Flipcash, a Solana-based stablecoin backed 1:1 by Circles USD Coin, as the crypto exchange expands its infrastructure business for companies issuing branded digital currencies.　　According to Wednesdays announcement, $USDF is designed to serve as the settlement asset for currencies created on Flipcash, a platform where users can launch fixed-supply digital currencies priced and transacted in the stablecoin. Flipcash said the token is intended to function as the primary dollar asset within its app.　　In December, Coinbase launched its white-label stablecoin issuance service for companies seeking branded digital dollar products without managing their own reserve, custody or settlement infrastructure. The platform includes fiat onramps, wallet services and $USDC ($USDC) reserve backing. It previously identified Solflare, R2 and Flipcash among companies exploring launches using the system.　　Flipcash said it selected Coinbases platform because it provided $USDC-backed reserves, onchain settlement infrastructure and integrated fiat access through a single service.　　According to DefiLlama data, $USDC is the worlds second-largest stablecoin by market capitalization, with roughly $77 billion in circulation.　　Source: DefiLlama　　Related: Trump filing discloses Coinbase, Strategy crypto-linked exposure in Q1　　Stablecoin infrastructure providers expand white-label issuance services　　The launch comes as stablecoin issuers and crypto infrastructure providers increasingly offer white-label services that allow businesses to launch branded

05-21Exchange

HYPE breaks $50 barrier on rising appetite for on-chain markets

Hyperliquids token $HYPE climbed above $50 for the first time since October 2025. The asset erased all losses, signaling the growing importance of Hyperliquid in the crypto ecosystem.　　$HYPE broke out in the past week, extending its gains above $45. The $50 range was closely watched, as the asset found support based on active Hyperliquid usage.　　$HYPE traded at $50.62, up by 4.7% in the past day. The rally accelerated during US open hours, as $HYPE established itself as one of the days trending tokens. Over 71% of whales on Hyperliquid are long on $HYPE, though one whale has built a $75M short position.　　For the past week, $HYPE rose by over 29%, and is up by over 80% for the past 90 days. The token is in the top 15 of the most active crypto assets, though it stands out for stronger fundamentals, rather than short-term hype.　　$HYPE may rise as high as $52 in a short squeeze move, or drop to the $46 range to liquidate the accumulated long positions. $HYPE open interest is at a six-month peak of $1.95B, of which $1.2B is on the Hyperliquid platform, securing concentrated liquidity and potential momentum.　　Why is $HYPE rising？　　$HYPE has gained multiple sources of

05-21Exchange

Kraken and Coinbase User Loses $6.7M in Crypto Theft as Funds Move Through Tornado Cash

A crypto user has lost around $6.7 million in digital assets after attackers drained funds from accounts linked to both Kraken and Coinbase.　　The incident, highlighted by Wu Blockchain, showed large withdrawals of $ETH, $BTC, and cbBTC from the victims exchange accounts.　　Key PointsA Kraken and Coinbase user lost $6.7M after hackers drained $ETH, $BTC, and cbBTC from exchange accounts.On-chain analyst Specter tracked the stolen assets to wallets linked to fast-moving laundering transactions.Attackers allegedly moved about $5.3M through Tornado Cash shortly after the theft.The incident adds to growing concerns over phishing, malware, and targeted attacks on crypto holders.　　Millions Drained From Kraken and Coinbase Accounts　　According to Specter, the victims Kraken account saw withdrawals totaling 1,554 $ETH worth about $3.3 million, alongside 10.5 $BTC. At the same time, attackers withdrew 34.1 cbBTC worth roughly $2.6 million from Coinbase.　　The stolen funds were traced to the following wallet addresses:Ethereum address: 0xd…79982ABitcoin address: bc1…6nqv3　　Initial reports suggested the theft may have resulted from a physical attack targeting the account holder. However, Specter later updated the assessment, stating the incident likely did not involve physical coercion.　　$5.3 Million Allegedly Laundered Through Tornado Cash　　Blockchain analysis showed that the attackers quickly moved a significant portion of the stolen assets through Tornado Cash,

05-21Exchange

Fairshake PACs $20M backing pays off in three US state primaries

Political action committees (PACs) aligned with and funded by the cryptocurrency industry notched a series of wins in three US state primaries on Tuesday, potentially setting a precedent for the 2026 midterm elections.　　The Fairshake PAC and its affiliates poured a combined $20 million into supportive media for the races. The committee, largely funded by crypto companies Ripple Labs and Coinbase, is behind the Defend American Jobs PAC in supporting Republican candidates and Protect Progress PAC for Democrats considered to be “pro-crypto.”　　Four Republican candidates and one Democrat won their respective primaries for US Senate and House of Representatives seats in Georgia and Kentucky, while one Alabama Republican will go to a runoff election.　　“Fairshakes 6-0 sweep tonight was a clear victory for pro-crypto leaders across the country,” Fairshake spokesperson Geoff Vetter told Cointelegraph. He said:　　“This powerful bipartisan mandate is being heard across America from Georgia to Alabama to Kentucky.”　　According to Federal Election Commission filings, Protect Progress spent more than $4.2 million to support Jasmine Clark, a Georgia representative running in the state‘s 13th Congressional district. Defend American Jobs reported similar expenditures for media to support Republican candidates: $455,000 for Clay Fuller in Georgia’s 14th district, $709,000 for Houston Gaines in Georgia‘s 10th

05-21Exchange

500 Dormant Bitcoin Move After 12 Years as Early Investors React to Post-Quantum Risks

Analyst CryptoQuant Maartunn detected a major on-chain transaction in which 500 $BTC, which had remained completely dormant for more than 10 years, were moved to a new address for the first time. On the Spent Output Age Bands chart for 10-year-old Bitcoin, this activity appeared as an isolated green spike.　　The transfer of such an old wallet coincided with the release of major research and news in the quantum technology sector, namely Glassnodes report on Bitcoins quantum security. According to analysts, 30.2% (6.04 million $BTC) of the total market supply is already potentially vulnerable to future quantum attacks.　　500 $BTC that hadnt moved in 10 years just moved.　　Is the quantum threat forcing whales to act？　　The vulnerability is tied to exposed public keys on addresses from the Satoshi Nakamoto era and poor wallet hygiene, including address reuse and custodial storage practices. A quantum computer could hypothetically derive a private key only where the public key has already been exposed on-chain.　　Exchanges account for around 1.66 million $BTC within this risk category. Approximately 5% of Coinbase-held $BTC is considered vulnerable, compared to around 85% for Binance and nearly 100% for Bitfinex.　　Operationally Unsafe Bitcoin by Entity, Source: Glassnode　　At the same time, the computing industry is demonstrating

05-21Exchange

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