Latest Crypto News & Market Updates

SK Hynix Samsung trillion market: $1T leap and forced selling

Tech　　SK Hynix Samsung trillion market: $1T leap and forced selling　　South Korea‘s stock market has crossed a rare line, and the SK Hynix Samsung trillion market story is bigger than a simple headline milestone. SK Hynix has surpassed $1 trillion in market capitalization, joining Samsung Electronics in the trillion-dollar club as surging AI-linked memory demand reshapes the country’s equity map.　　That leap makes South Korea the first country outside the United States with multiple trillion-dollar companies. At the same time, it has created an unusual side effect: even as investors chase the rally, many large funds are being forced to sell.　　The contradiction is what makes this move so striking. The same run-up that pushed SK Hynix stock and Samsung Electronics stock to new highs is now pressuring fund managers, concentrating the KOSPI more heavily in a handful of names, and pushing money into indirect bets such as SK Square and Samsung Life Insurance.　　SK Hynix joins Samsung in the trillion-dollar club　　SK Hynix crossed the $1 trillion market capitalization mark this week, a landmark that puts it alongside Samsung Electronics in one of global markets most exclusive valuation tiers.　　That matters beyond company bragging rights. With SK Hynix and Samsung Electronics both there, South Korea

05-29Industry

CFTC Sues Rhode Island as State Rules Threaten Prediction Markets

Tech　　CFTC Sues Rhode Island as State Rules Threaten Prediction Markets　　The Commodity Futures Trading Commission (CFTC) announced on May 28 that it moved to intervene in federal court litigation involving Rhode Island and CFTC-registered . The agency seeks to block the state from applying gambling laws to federally regulated event-contract platforms, extending a broader jurisdiction fight tied to and federal derivatives oversight.　　According to the filing, Rhode Island pursued civil penalties after a designated contract market filed a complaint against the state over threatened enforcement action. The regulator argued that event contracts fall under the Commodity Exchange Act and remain within federal oversight. The case adds Rhode Island to a growing list of states challenging the agencys authority, including Arizona, Connecticut, Illinois, Minnesota, and New York.　　CFTC Chairman Michael S. Selig stated:　　“CFTC-registered exchanges have faced an onslaught of lawsuits seeking to limit Americans‘ access to event contracts and undermine the CFTC’s sole regulatory jurisdiction over .”　　Prediction Market Oversight Expands Alongside Regulation　　Federal regulators continue to frame as commodity derivatives rather than gambling products. The distinction has gained weight as event contracts tied to politics, economics, and sports draw more trading activity and digital-asset interest.　　President Donald Trump recently backed federal oversight. In a Truth Social

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SpaceX IPO valuation resets to $1.8 trillion floor

Tech　　SpaceX IPO valuation resets to $1.8 trillion floor　　SpaceX IPO valuation is looking a little different again — still enormous, but no longer anchored above the $2 trillion mark floated earlier this spring. Ahead of what could become one of the biggest public offerings ever attempted, SpaceX has reset its minimum debut valuation to $1.8 trillion while still targeting a capital raise of up to $75 billion.　　That shift matters because it suggests the company is trying to balance ambition with market reality. Even with the lower floor, the deal remains huge by any standard, and the coming days will show whether institutional investors are ready to back SpaceX at a price that would place it among the worlds most valuable companies.　　The calendar is already taking shape. Investor presentations are set to begin June 4, final share pricing is targeted for June 11, and trading is planned on both Nasdaq and Nasdaq Texas under the SPCX ticker.　　SpaceX IPO valuation resets to a $1.8 trillion floor　　The revised SpaceX IPO valuation marks a pullback from April, when the company had been targeting a public debut above $2 trillion.　　Now, the floor sits at $1.8 trillion. That is still a staggering number, but the reset points

05-29Industry

ZCash sheds 20% in 3 days - Should swing traders still remain bullish?

Tech　　ZCash sheds 20% in 3 days – Should swing traders still remain bullish？　　Another day, another crypto market price drop, and another $900+ million in liquidations in the derivatives market. Unlike the previous weekends mass liquidations, ZCash [ZEC] bulls were unable to shrug this hit off.　　Since the 25th of May, the privacy altcoin has lost just over 20%. AMBCrypto had reported earlier this week that ZEC had accomplished a bullish breakout from a local range.　　Since then, the market-wide selling pressure has forced ZEC back into the range.　　Bitcoin [BTC] was also down nearly 5% since Monday, helping explain the ZEC pullback. Despite the pace of ZEC‘s losses, there’s reason to believe that the recent ZCash drop was just that—a pullback.　　The ZCash buying opportunity　　The recent AMBCrypto report had taken a bullish stance on the privacy token and noted that $486 was the invalidation level for this bias. This idea still held. The recent losses have pulled ZEC to a key Fibonacci retracement level at $530.　　Source: ZEC/USDT on TradingView　　The closer ZCash retreated to the $486 swing low, the more bulls were at risk from the bears. The A/D indicator signaled that sellers have been in control over the past week.　　Meanwhile, the MFI on this

05-29Industry

TRX Price Prediction: Bulls Eye $0.47 Breakout as Smart Money Accumulates

The Immediate Setup　　TRON grinds sideways at $0.36 after a 3.5% pullback, but the underlying structure screams accumulation phase. The MACD histogram sits at dead zero while RSI hovers in neutral territory at 57—classic consolidation before the next leg. What‘s telling is how TRX holds firmly above its 200 SMA at $0.30, a level that’s been rock-solid support for months. This kind of sideways chop often precedes explosive moves, and the derivatives data is painting a picture of smart money quietly positioning.　　Trading volume remains healthy at $59.4 million, enough liquidity to support a meaningful breakout without slippage concerns. The 24-hour range between $0.36-$0.37 represents tight compression that typically resolves with violence in either direction.　　Key Levels Exposed　　The technical setup is cleaner than most altcoins right now. TRX sits perfectly centered in its Bollinger Bands with a 0.57 position—not oversold, not overbought, just coiled. The immediate resistance cluster around $0.37-$0.38 represents the battleground where bulls need to prove themselves. Break above $0.38 with conviction and were likely heading straight for the $0.47 target zone.　　Support stacks beautifully with the 20 SMA at $0.36 coinciding with the current price, backed by the 50 SMA at $0.34. This creates a 6% cushion before any real damage

05-29Industry

Top 3 Meme Coins to Watch in June 2026

Tech　　Top 3 Meme Coins to Watch in June 2026　　Meme coins, Dogecoin (DOGE), 币安人生 (BinanceLife), and BUILDon (B) enter June 2026 at key technical inflection points. Each chart compresses inside a defined structure that suggests a near-term directional move.　　The three tokens occupy different positions in the same cycle. DOGE bottoms after a long downtrend, BinanceLife reaccumulates near recent highs, and BUILDon corrects after a vertical impulse to $0.77. All three trade on levels worth tracking through June.　　Dogecoin (DOGE) Tests a Multi-Month Descending Trendline　　Dogecoin (DOGE) trades at $0.099, down 5.97% over the past seven days according to CoinGecko data. The weekly chart shows DOGE has printed lower highs and lower lows since the December 2024 peak above $0.48. The price has now reached long-term horizontal support at $0.082, the same area that held in August 2024 before the explosive rally to last cycles high (blue circle).　　After hitting that level in February, DOGE has spent months building a base below a descending resistance trendline. A weekly close above the trendline would open the 0.786 Fibonacci retracement at $0.147 as the first target. The 0.618 level at $0.22 would follow as the extended objective. Weekly volume continues to contract, a pattern often tied to

05-29Industry

Solana price must hold $80 support to fuel next leg higher: analyst

While the token remains well below the 0.236 Fibonacci retracement level near $111 and the weekly Supertrend resistance around $121, the $79-$80 support area has continued to attract buyers during repeated selloffs.　　According to analysts at More Crypto Online, Solana could decline toward $62 if it fails to hold the key $72–$78 support zone. Conversely, a rebound above the May 12 high near $98 could pave the way for a move toward the $110 level.　　Institutional sentiment toward Solana has remained mixed. Reports that Goldman Sachs liquidated its Solana ETF exposure earlier this year removed a notable source of institutional demand, while several asset managers continue pursuing crypto-related investment products tied to major layer-1 networks.　　Traders have increasingly focused on whether fresh institutional participation emerges if market conditions stabilize during the second half of the year.　　What technical risks could invalidate the bullish thesis？　　The daily chart presents a more cautious picture. Solana price recently formed a bearish double-top pattern after failing twice near the $98 resistance area, first in March and again in May. The structure developed as momentum weakened across the recovery rally and sellers repeatedly defended the same overhead resistance zone.　　Solana price has formed a double top pattern on the daily chart

05-29Industry

Injective Price Prediction: INJ Breaks Out Toward $6.50

Open interest surged 32.47% to $151.67M while volume climbed 11.51% to $336.48M. OI rising faster than volume points to fresh positions being built rather than short-term speculation driving the move. Shorts absorbed $441.74K in liquidations over 24 hours against $302.74K for longs, bears are on the wrong side of this move.　　The retail long/short ratio sits at 0.8505, meaning more retail accounts are short. Top traders on Binance run a 1.6802 long/short ratio by accounts but only 0.8676 by positions, suggesting professionals are cautious about sizing despite being directionally long. That gap between account ratio and position ratio is worth watching as price approaches the $6.50 resistance zone.　　INJ Price Prediction for May 30Upside: Holding above the 200 EMA at $5.705 on any pullback keeps the breakout valid, with $6.50 as the next target and $8.00 as the broader objective if momentum sustains.Downside: Losing $5.705 on a daily close pulls INJ back into the handle range, with the 20 EMA at $5.106 as the next demand level.

05-29Industry

Litecoin price outlook: LTC bounce driven by Nexus Wallet update and LitVM speculation

Litecoin price has bounced as RSI nears oversold conditions.Nexus Wallet added gift card payments and privacy upgrades for LTC use.LitVM speculation and $53.30 resistance shape near-term price direction.　　Litecoin (LTC) traded around $51.54 on Friday morning, posting a roughly 2% gain over 24 hours, according to CoinGecko.　　The modest advance came while Bitcoin remained mostly flat, making Litecoin one of the better-performing large-cap cryptocurrencies in the short term.　　However, despite the daily rebound, the broader trend remains under pressure, with LTC still down nearly 47% over the past year.　　Recent Litecoin price action has been influenced by a combination of technical positioning and renewed attention around ecosystem developments, particularly the Nexus Wallet upgrade and ongoing speculation surrounding LitVM.　　Nexus Wallet update strengthens payment narrative　　Recent developments in the Litecoin ecosystem, particularly the Nexus Wallet update linked to the Litecoin Foundation, have drawn increased market attention.　　The update introduces a more integrated spending experience for Litecoin holders, most notably through direct in-app gift card purchases using LTC.　　This removes the need for external platforms or additional conversion steps, streamlining real-world crypto payments.　　The wallet also builds on existing payment infrastructure, including integrations with Flexa, which enables in-store crypto payments across supported merchants.　　Together, these features position Nexus Wallet as a broader

05-29Industry

Datavault AI Stock Analysis: 0.50 Pivot Holds as DVLT Tests 0.53

DVLT — daily chart with candlesticks, EMA20/EMA50 and volume.Datavault AI Stock Daily Trend: Key Levels and MomentumMoving Averages and Bias　　On the daily chart, DVLT closed at 0.50, below the 20-day EMA at 0.53, the 50-day at 0.62, and the 200-day at 0.86. Interpretation: Price sits beneath all key moving averages, which keeps the primary bias bearish.　　Momentum, Volatility, and Pivots　　Daily RSI14 is 43.48. Interpretation: Momentum is weak but not oversold, leaving room both ways. The daily MACD line and signal are both at -0.05 with a flat histogram. Interpretation: Momentum has stalled at soft levels, signaling indecision rather than reversal.　　Daily Bollinger Bands show a mid at 0.53 with upper/lower at 0.69/0.37. Interpretation: Price is below the midline, and the band width leaves scope for range movement. The ATR14 is 0.05. Interpretation: Typical daily swings near 10% of price argue for disciplined risk sizing.　　Daily pivots print at PP 0.50, R1 0.53, S1 0.46. Interpretation: 0.50 is the immediate battleground, with 0.53 overhead and 0.46 as the downside trigger.　　Hourly Setup: Stabilization at the 0.50 PivotEMAs, Momentum, and Range　　Meanwhile, the 1-hour setup is less negative. Price is near 0.50 and above the 20-hour EMA at 0.49 and the 50-hour at 0.48, but below the

05-29Industry

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