Latest Crypto News & Market Updates

Can Hyperliquid price hit ATH as ETF launch leads rising wedge breakout?

Hyperliquid price has formed a rising wedge pattern on the daily chart 　　The move also carried HYPE above all major moving averages. The 20-day SMA sits near $44.4, while the 50-day and 100-day averages remain clustered around $42.1 and $38, respectively. The 200-day moving average near $34.1 continues sloping upward, reinforcing the longer-term bullish structure. Sustained trading above the 20-day average historically coincided with extended momentum phases during previous HYPE rallies.　　Momentum indicators strengthened materially during the breakout. The MACD histogram flipped aggressively positive on the daily timeframe while the signal line crossover expanded to its widest bullish spread in months. Traders generally interpret the setup as confirmation that upward momentum remains dominant despite increasingly overbought conditions.　　Derivatives positioning amplified the rally further. CoinGlass liquidation data showed nearly 98% of recent liquidations were short positions as traders attempted fading the breakout above $50 resistance. Forced buybacks from liquidated shorts likely accelerated the final leg higher toward $57. Open interest simultaneously climbed alongside price, signaling fresh leveraged participation entering the market rather than traders simply closing positions.　　Funding rates across major exchanges also turned sharply positive, indicating bullish directional positioning dominated perpetual futures markets. Although elevated funding rates can eventually create conditions for a

05-22Industry

Kraken nears UAE launch after Dubai VARA approval

Kraken has moved closer to launching in the United Arab Emirates after its parent company, Payward, received preliminary approval from Dubais Virtual Assets Regulatory Authority.Krakens parent Payward received preliminary VARA approval for broker-dealer, investment and management services in Dubai.The planned UAE launch includes AED funding, margin trading, OTC services and Kraken Prime access.Related reports show Dubais crypto rulebook continues attracting exchanges, payment firms and institutional trading platforms.　　Payward received preliminary approval for a broker-dealer, investment and management licence from VARA. The approval gives Kraken a path toward offering regulated crypto services in Dubai once the remaining requirements are completed.　　The approval was granted on Thursday, May 21, moving Kraken closer to a full UAE rollout. The exchange has not confirmed a launch date, but plans to offer UAE dirham funding, margin trading, OTC trading and Kraken Prime access for institutional clients.　　Kraken plans AED funding and institutional access　　The planned launch would give UAE users direct crypto market access through local currency rails. AED funding and withdrawals could reduce friction for traders who currently rely on foreign currency routes or third-party payment channels.　　Kraken is now authorized by VARA in Dubai.　　Kraken also plans to offer institutional clients access to Kraken Prime. The service targets funds,

05-22Industry

Everclear and ZERO Network Shutdowns Add to Growing List of 2026 DeFi Closures

Everclear and ZERO Network announced shutdowns this week, marking the latest casualties of accelerating closures in the Decentralized Finance (DeFi) space in 2026.　　The announcements come amid a broader market downturn that has pressured crypto companies.　　Everclear and ZERO Cite Different Pressures　　In a post on X, Everclear said the project was built around a solver model for rebalancing cross-chain funds. The segment never gained enough commercial depth, with users heavily focused on price. Monthly volume reached $500 million, but that activity did not produce sustainable revenue.　　Everclear pivoted to a business-to-business-to-consumer (B2B2C) model over the past six months, signing on several major industry partners. The team said it underestimated partner onboarding timelines, and the runway ran out before deals went live.　　“If funds remain after all liabilities are settled, we are exploring a buyback of existing tokens — the sum of the buy backs potential sum might be in the range of $50–200k. We will share full details and mechanics before anything is finalized. The buyback is not certain,” the post read.　　Crypto projects that have shut down, wound down, or filed for bankruptcy in 2026:　　JANUARY　　MilkyWay　　Pixiland　　Sound xyz　　Nifty Gateway　　Entropy　　Slingshot　　Forgotten Runiverse　　Foundation　　FEBRUARY　　Polynomial　　ZeroLend　　Parsec Finance　　Step Finance　　Solana Floor　　Remora Markets　　MARCH　　ZERO Network framed its closure as a strategic refocus by Zerion on its

05-22Industry

Philippines chases AI gains despite readiness gap: forum

Industry leaders, government officials, and development economists converged at a BusinessWorld forum on May 18 to map out the Philippines‘ AI future—and confronted a shared concern: the country’s ambitions are outpacing its infrastructure, workforce, and governance capacity.　　AI governance and the future of AI in the Philippines　　AI governance should align innovation with safeguards and protection: this was the message of the Philippines Department of Information and Communications Technology (DICT) Secretary Henry Aguda in the forum. He stressed the need for trust to widen AI adoption and claimed that the DICT is prioritizing data protection and cybersecurity as AI tools become more embedded in public services and businesses.　　“AI governance can‘t be about choosing between innovation and protection. We need both. And what we really need to protect is trust. Because without trust, adoption slows down, and the benefits won’t reach the people who need them most,” he said. “AI is not coming; it‘s already here. It’s already part of how we work, learn and deliver services.”　　According to Deloitte Philippines Country Head Ramon Chito Ramos, although AI adoption is improving among enterprises, human capability is slowing its adoption. He highlighted the need to upgrade digital infrastructure to support AI workloads, while also noting

05-22Industry

MATIC Price Prediction: Sub-$0.30 Breakdown Looms as Bears Circle $0.38 Support

Polygon sits in no-man‘s land at $0.38, caught between sellers unloading into every bounce and buyers who’ve gone radio silent. The token‘s grinding sideways action masks a deeper structural problem – it’s trading a staggering 45% below its 200-day moving average at $0.69, signaling institutional money has long since rotated elsewhere.　　The 24-hour volume of just $1.07 million on Binance tells the real story. This isn‘t consolidation; it’s abandonment. When Blockchain.news reported earlier projections suggesting MATIC could hit $0.75 by year-end, those forecasts assumed the Layer 2 narrative would maintain steam. Instead, were watching a slow-motion capitulation as newer scaling solutions capture mindshare.　　Indicator Alignment　　The technicals are painting a brutally clear picture that contradicts any bullish spin. RSI at 38 isn‘t oversold territory – it’s the sweet spot where weak hands finally throw in the towel. More damning is the MACD histogram sitting at essentially zero (-0.0000), confirming momentum has completely evaporated.　　Bollinger Band positioning at 0.29 means MATIC is hugging the lower third of its volatility range, with the next logical destination being a test of the $0.31 lower band. The daily ATR of just $0.02 shows volatility compression that typically precedes violent moves, and with price below every meaningful moving average,

05-22Industry

US Regulators Pause Prediction Market ETFs as Galaxy-BitGo $100M Court Fight Reopens

Across the courtroom this week, Galaxy Digital and BitGo opened oral arguments over the collapse of their once-$1.2 billion merger, with the dispute reaching its fourth year since the deal was first announced. BitGo is pressing Galaxy, led by founder and chief executive Michael Novogratz, for at least $100 million in damages over what it characterizes as a deliberate retreat from a binding transaction. The custodian alleges that Galaxy failed to use reasonable efforts to close and concealed details of U.S. regulatory probes that would have materially affected the mergers viability. Galaxy terminated the acquisition in August 2022, asserting it was not contractually obligated to pay a termination fee.　　At the center of Galaxy‘s defense is BitGo’s failure to deliver audited 2021 financial statements by the July 31, 2022 contractual deadline. Galaxy maintains that the missed milestone gave it grounds to walk without penalty, while BitGo counters that Galaxys wider motivations were shaped by deteriorating market conditions during the bear market and by undisclosed regulatory pressure. The disagreement underscores how heavily mergers and acquisitions in digital assets depend on timely audited disclosures, a requirement that even large, well-capitalized counterparties have struggled to satisfy during periods of acute market stress and rapidly

05-22Industry

Iran Nuclear Talks Enter New Phase After Disputed Uranium Reports

Iran‘s nuclear position returned to the center of global market attention after conflicting reports over the country’s enriched uranium stockpile.　　A recent report said that Iran‘s Supreme Leader had directed that near-weapons-grade uranium should not be sent abroad, a move that would harden Tehran’s stance in peace talks with Washington.　　However, a senior Iranian official later denied that any new uranium order had been issued, according to market news account Walter Bloomberg. The official called the claims “enemy propaganda” and said Iran would continue domestic downblending, with the issue left for the next round of talks.　　Iran Pushes Back on Uranium Report　　The uranium question matters since Washington has made the future of Irans enriched stockpile a central part of any peace deal. Reuters reported that the U.S. wants Iran to ship out its stockpiles, while Tehran wants security guarantees, recognition of its sovereignty over Hormuz, and an end to strikes.　　Reports earlier in the day said Irans Supreme Leader ordered the material to remain inside the country. That raised concern that one of the main negotiation points had become harder to resolve. Oil prices rose after the Reuters report, with Brent crude climbing to $108.53 and WTI moving above $101, as traders priced a

05-22Industry

Gold remains depressed as hawkish Fed and Iran tensions underpin USD

Gold seems vulnerable while below descending channel/200-EMA confluence hurdle on H4　　From a technical perspective, the XAU/USD pair is holding within a broader descending channel and below the 200-period Exponential Moving Average (EMA) on the 4-hour chart, keeping the near-term bias capped despite some stabilization. The top of the downward-sloping channel near $4,657.44 converges with the 200-period EMA to form a dense overhead supply area. This, in turn, suggests that recovery attempts are likely to struggle while the Gold price remains under this band.　　Meanwhile, the Moving Average Convergence Divergence (MACD) indicator has turned positive, while the Relative Strength Index (RSI) hovers around 45. Mixed momentum indicators hint at easing downside momentum, though they are not yet signaling a decisive bullish shift against the dominant structural downtrend. Hence, a clear break above the aforementioned clustered resistance zone would be needed to relieve the current bearish pressure.　　On the downside, the lower boundary of the parallel channel near $4,362.54 acts as the next meaningful support. A sustained break beneath this floor would reinforce the broader bearish structure and open the way for deeper losses in the coming sessions.　　(The technical analysis of this story was written with the help of an AI tool.)　　Gold FAQs　　Gold has

05-22Industry

DOGE Price Prediction: Consolidation Phase Sets Stage for Breakout as Whales Position Long

Technical Foundation Shows Mixed Signals　　DOGE hovers at $0.11, caught between competing forces that have traders watching closely. The RSI sits neutral at 47.53 while MACD remains flat, creating an environment where neither buyers nor sellers have gained clear control. Price action has compressed into a tight range between $0.10-$0.11, with the 50-day moving average providing support at $0.10 and resistance forming near the 200-day average at $0.12.　　The Bollinger Band positioning at 0.17 places DOGE in the lower portion of its recent trading range. This compression often precedes significant moves, though the direction remains unclear based on price action alone. The sideways grind reflects broader uncertainty in the meme coin space as traders await catalysts.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full DOGE price, calculator & analysis　　Smart Money Positioning Reveals Bullish Bias　　Derivatives markets tell a compelling story about institutional sentiment. Top traders maintain a 2.58 long-to-short ratio, with 72% of whale positions betting on upside potential. Retail traders follow suit with 69.5% long exposure, suggesting broad consensus that current levels present value. Total open interest of $230.9 million indicates substantial capital deployment despite recent market uncertainty.　　The 2.12% decline in open interest

05-22Industry

Hyperliquid (HYPE) Nears ATH as Trading Volume and ETF Demand Surge

The post Hyperliquid (HYPE) Nears ATH as Trading Volume and ETF Demand Surge appeared first on Coinpedia Fintech News　　Hyperliquid price surged more than 18% in the past 24 hours, pushing the token within touching distance of its all-time high. According to CoinGecko, HYPE is now just 1.4% away from breaking its previous ATH of $59.30, which was set on September 18, 2025.　　The rally comes as Hyperliquid continues strongly outperforming the broader crypto market, with traders increasingly focusing on the projects growing ecosystem activity and institutional momentum.　　Trading Activity Explodes Across Hyperliquid　　One of the biggest drivers behind the latest rally is the massive increase in ecosystem activity on Hyperliquids decentralized exchange.　　The platform‘s 24-hour trading volume reportedly surged 136% to around $1.36 billion, signaling heavy capital rotation into Hyperliquid’s perpetual trading ecosystem. Analysts say the move reflects genuine usage and strong trader participation rather than purely speculative buying.　　At the same time, HYPEs turnover ratio climbed to roughly 9.2%, reinforcing the view that liquidity remains strong even as the token approaches record highs. Many traders now see Hyperliquid as one of the fastest-growing decentralized trading infrastructures in crypto.　　ETF Inflows Boost Institutional Confidence　　Institutional attention around Hyperliquid also appears to be accelerating.　　Crypto user ChainBowy noted that

05-22Industry

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