Latest Crypto News & Market Updates

Will Solana price lose $80 support as bearish double top threatens breakdown?

Open interest across Solana perpetual futures has also declined during the latest correction, suggesting traders are closing leveraged long exposure rather than adding fresh bullish positions. Funding rates across major exchanges have turned increasingly negative, a sign that short sellers continue paying premiums to maintain bearish bets.　　Crypto trading group AltCryptoGems warned that Solanas structure has deteriorated significantly after repeated rejections near the $98 level.　　“SOL looks very weak. After the rejection at $98, price has started to downtrend lower and lower. Key levels have flipped into resistance, especially $88,” the analysts noted on X.　　The trader added that a move toward the $76 support region could follow if sellers maintain control of the current consolidation range.　　Solana charts show bearish double top and key support breakdown　　The daily chart shows Solana forming a bearish double top pattern after failing twice near the $98 resistance area in March and May. The structure developed just below the 0.786 Fibonacci retracement level at $93.7, while repeated rejections from that zone weakened bullish momentum across the broader recovery trend.　　Solana price has formed a double top pattern on the daily chart — May 28 | Source: crypto.news　　A breakdown below the neckline support near $81 now places the measured downside

05-28Industry

Anthropic Milan office signals fast European expansion

Anthropic Milan office is the latest sign that Europe has become a frontline market in the AI race. The company behind the Claude AI models has opened a new base in Milan, giving it a physical presence in six European markets in less than twelve months.　　That pace stands out for any tech company. It stands out even more for Anthropic, which was founded in 2021 and is now moving quickly to turn demand into on-the-ground expansion.　　At the same time, the new Milan location points to something bigger: Anthropic is not just adding offices. It is building a deeper European footprint as competition with OpenAI, Google DeepMind, and Meta AI intensifies.　　Anthropic opens a Milan office as European expansion accelerates　　The Anthropic Milan office is the companys newest European outpost and adds Italy to a fast-growing list of markets where it now has a physical presence.　　Milan is Anthropics sixth European market with a physical presence in under a year. That is a notable milestone for a company still early in its corporate life, especially in a region where enterprise relationships, local hiring, and policy engagement can matter as much as product performance.　　Chris Ciauri, Anthropic‘s international managing director, described Italy as a logical next

05-28Industry

Stake DAO exploit update: Key products unaffected, bridge closed

Stake DAO said its preliminary review found that an unauthorized party minted vsdCRV on Arbitrum during the security incident reported earlier this week.Stake DAO said an attacker minted vsdCRV on Arbitrum during the security incident.The team said mainnet backing was secured and no backing funds were seizable by the attacker.Boosted yields, Liquid Lockers, Votemarket and Morpho lending were assessed as unaffected.　　The project said contributors secured the vsdCRV backing on Ethereum mainnet and closed the vsdCRV bridge. Stake DAO said this contained the incident to Arbitrum and stopped the attacker from seizing the mainnet backing.　　Stake DAO secures mainnet backing　　Stake DAO said, “preliminary investigation indicates an unauthorised party (attacker) minted vsdCRV on Arbitrum.” The statement followed earlier reports that security firms had tracked a large unauthorized mint tied to the protocols vsdCRV token.　　Update on yesterdays incident: preliminary investigation indicates an unauthorised party (attacker) minted vsdCRV on Arbitrum.　　As crypto.news reported yesterday, Blockaid said the attacker minted more than 5.4 trillion vsdCRV on Arbitrum and began swapping tokens for ETH. PeckShield also tracked part of the funds moving into 43.78 ETH before being bridged to Ethereum.　　The latest update narrows the risk area. Stake DAO said contributors moved quickly to protect the vsdCRV backing on

05-28Industry

Scum of Earth: Charles Hoskinson Slams Wyoming LLC Lawsuit to Obtain Dormant Bitcoin Worth Billions

Following a Wyoming LLCs attempt to assert ownership of approximately 3.8 million dormant Bitcoin through a New York lawsuit, Cardano founder Charles Hoskinson responded angrily to one of the most bizarre legal theories the cryptocurrency industry has seen in years.　　Absurdity of the case　　Hoskinson provided a direct summary of the case: “If you keep money in your safe for too long, we are coming after it,” and criticized lawyers for even considering such cases.　　BTC/USDT Chart by TradingView　　The lawsuit sounds almost unreal. Under the alias Noah Doe, a plaintiff asserts that they have created an algorithm that can recognize Bitcoin wallets that havent been used in at least five or six years. The plaintiff allegedly filed found-property reports with the NYPD after flagging over 42,000 wallets and made an effort to inform wallet owners via press releases, public web postings, and OP_RETURN messages (function used to embed arbitrary data into blockchain transactions) integrated into the Bitcoin blockchain.　　XRP Enters Bearish Continuation via Kibar Outlook, Cash App Opens Wallet-Free USDC to 59 Million Users, Cardano Whales Hit 67% Supply Record Amid Split – Morning Crypto Report　　BlackRocks IBIT Hits Largest Outflow Ever　　You Might Also Like　　Despite the removal of wallets that subsequently displayed activity, the plaintiff

05-28Industry

Solana (SOL) Plunges Lower, Market Sentiment Turns Sharply Bearish

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.　　From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.　　As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.　　In addition to his roles in finance

05-28Industry

Ethereum Price Today: Standard Chartered Forecasts ETH to Hit $4,000

for the first time since March 29 as renewed U.S.-Iran hostilities triggered a broad crypto sell-off and pushed traders into defensive positions.　　ETH traded near $1,980 at press time, down about 4% to 5% over the past 24 hours. The decline came as the wider crypto market lost about $80 billion in value following fresh and Iranian retaliation, ending hopes that a temporary ceasefire would hold.　　The sell-off also followed continued outflows from U.S. spot Ethereum ETFs and a wave of market liquidations across crypto assets. Bitcoin also dropped to multi-week lows as investors reacted to renewed pressure around the Strait of Hormuz and rising geopolitical risk.　　ETH Falls Below Key Psychological Level　　Ethereums move below $2,000 has drawn attention because the level has acted as an important psychological marker for traders. Market data showed retail discussion quickly shifting toward “buy the dip” reactions after the drop.　　Santiment data suggested that many traders are still treating the decline as a buying opportunity rather than a panic event. Historically, when retail traders remain optimistic during a sharp decline, prices can sometimes face further pressure before stabilizing.　　Source:　　The current move follows a rejection from the $2,400 resistance zone. ETH failed to hold the $2,135 to $2,195 range and

05-28Industry

US: Initial Jobless Claims rose to 215K last week

According to a report from the US Department of Labor (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 215K for the week ending May 23. The latest print came in above initial estimates and was higher than the previous weeks 210K (revised from 209K).　　Additionally, the four-week moving average went up by 6.25K, bringing it to 209K from the revised average of the previous week (202.75K).　　The report also indicated that Continuing Jobless Claims increased by 15K to 1.786M for the week ending May 16.　　Market reaction　　The Greenback trades with marginal gains amid steady uncertainty in the geopolitical landscape, with the US Dollar Index (DXY) navigating the 99.20 area in a context of widespread lack of direction in the risk complex.　　Employment FAQs　　Labor market conditions are a key element to assess the health of an economy and thus a key driver for currency valuation. High employment, or low unemployment, has positive implications for consumer spending and thus economic growth, boosting the value of the local currency. Moreover, a very tight labor market – a situation in which there is a shortage of workers to fill open positions – can also have implications on inflation levels

05-28Industry

Will Solana price lose $80 support as bearish double top threatens breakdown?

Open interest across Solana perpetual futures has also declined during the latest correction, suggesting traders are closing leveraged long exposure rather than adding fresh bullish positions. Funding rates across major exchanges have turned increasingly negative, a sign that short sellers continue paying premiums to maintain bearish bets.　　Crypto trading group AltCryptoGems warned that Solanas structure has deteriorated significantly after repeated rejections near the $98 level.　　“SOL looks very weak. After the rejection at $98, price has started to downtrend lower and lower. Key levels have flipped into resistance, especially $88,” the analysts noted on X.　　The trader added that a move toward the $76 support region could follow if sellers maintain control of the current consolidation range.　　Solana charts show bearish double top and key support breakdown　　The daily chart shows Solana forming a bearish double top pattern after failing twice near the $98 resistance area in March and May. The structure developed just below the 0.786 Fibonacci retracement level at $93.7, while repeated rejections from that zone weakened bullish momentum across the broader recovery trend.　　Solana price has formed a double top pattern on the daily chart — May 28 | Source: crypto.news　　A breakdown below the neckline support near $81 now places the measured downside

05-28Industry

Czech Koruna: Narrowing rate gap weighs on koruna versus Euro – ING

INGs Frantisek Taborsky highlights that a less hawkish Central and Eastern European rates outlook is undermining Koruna strength. Markets have scaled back expected hikes in Poland and the Czech Republic, while Hungary is priced for sizeable cuts. He expects inflation divergence and a tighter rate differential versus the Euro and Zloty, leaving EUR/CZK biased higher after touching 24.25.　　CEE repricing pressures koruna　　“Markets in the CEE region have seen some relief in the last two days, along with global markets, with investors backing off from pricing roughly four hikes in Poland and the Czech Republic to roughly two to three hikes over a one-year horizon now.”　　“At the same time, Hungary has deepened its pricing of rate cuts after Tuesdays dovish National Bank of Hungary meeting, and at this point, nearly 115bp of rate cuts are expected over the same horizon.”　　“From this perspective, Friday‘s inflation in Poland will be interesting, where we have seen the biggest jump in CEE so far. May’s numbers should move us to 3.7% year-on-year, the highest since June last year and above the National Bank of Polands tolerance band.”　　“For now, our economists do not expect a rate hike this year, but from a CEE perspective, the NBP seems

05-28Industry

Fidelity Q1 2026 report: Balances drop 4% as rates near record

Amid early-2026 market turmoil, the Fidelity q1 2026 report reveals falling retirement balances but also surprisingly resilient saving behavior.　　Fidelity Q1 2026 report: balances drop as markets whipsaw　　The Fidelity Q1 2026 retirement report shows that average account balances fell notably in the first quarter.　　According to the data, the average 401(k) balance declined 4% to $141,000, while the average IRA balance also slipped 4% to $131,380. These declines came as markets faced sharp volatility and a brief but intense risk-off period.　　Fidelity directly links this pullback to geopolitical shocks. On February 28, U.S. and Israeli forces attacked Iran, an escalation that triggered a pronounced equity selloff. Consequently, major U.S. indices posted meaningful losses in March, before later rebounding.　　In particular, Fidelity notes that the S&P 500 fell 5.1% in March, the Dow dropped 5.4%, and the Nasdaq lost 4.8%. Because retirement accounts are heavily invested in equities, these moves translated quickly into lower quarter-end balances for millions of savers.　　Market stress and the rising use of 401(k) loans　　Beyond portfolio values, the Fidelity q1 2026 report points to growing evidence that some households are turning to retirement accounts for liquidity.　　The share of workers with an outstanding 401(k) loan rose to 19.2% by the end of Q1

05-28Industry