Latest Crypto News & Market Updates

Ferrari stock crashes 6% after unveiling its first EV

On May 26, the legendary Italian car company Ferrari (BIT: RACE, NYSE: RACE) demonstrated that the electric vehicle (EV) slowdown remains a major concern in 2026 as it opened severely in the red upon unveiling its latest automobile.　　Specifically, the firm introduced its very first EV, , designed by – a company founded by Apples (NASDAQ: AAPL) former Chief Design Officer Jonathan Ive, and former blue-chip tech giant designer Marc Newson – on Monday, and swiftly faced a mixed reaction.　　Despite the design efforts and Ferrari‘s prestige, the car itself was equally praised as a ’game-changer‘ and compared to Jaguar’s troubled rebranding, ultimately ensuring the announcement led to substantial stock market losses.　　Indeed, RACE shares plunged 6.29% from €310 at the start of the day to €290.50 at press time in the Italian stock market on Tuesday, May 26.　　Ferrari stock price one-day chart for the Italian Stock Exchange. Source: Google　　Additionally, while the time zones ensured traders in New York are lagging somewhat compared to their Apennine counterparts, Ferrari stock dropped 3.02% in the pre-market from $348.24 at the Monday closing bell to $337.71 at press time.　　Ferrari stock price one-day chart for the New York Stock Exchange. Source: GoogleWhy Ferrari stock is crashing after

05-26Industry

Stocks Beta Goes Live, Offering Real Share Ownership, Dividends, and 0-Fee Market Access

Mutsamudu,Comoros, May 26, 2026 – MEXC, a pioneer in 0-fee digital asset trading, has launched the beta version of stocks, in partnership with licensed brokers. Eligible users can trade shares of real US-listed companies directly with USDT through licensed brokers partnered with MEXC, hold real shares, receive dividend entitlements where applicable, and enjoy 0-fee during the launch phase. Since the beta launch, more than 20,000 users have participated in public testing, reflecting positive market response. The official version is scheduled to launch next week.　　Real Stocks, With Dividend and Distribution Entitlements　　Unlike tokenized stocks, synthetic assets, or contracts for difference commonly seen in the market, MEXC enables eligible users to access real US stocks via licensed brokers. Users hold real shares, gain real market exposure, access liquidity consistent with the traditional stock market, and may receive corresponding dividend or distribution entitlements where applicable.　　USDT Access With 0-Fee　　Under traditional routes, crypto users entering the stock market often need to go through fiat withdrawals, currency conversion, and cross-border transfers, each adding time and cost. MEXC supports USDT-based access to the stock market, combined with 0-fee campaign during the launch phase, helping reduce additional costs from funding to execution.　　Simplified Account Management　　Managing crypto and stock assets has

05-26Industry

Iran: Unfreezing of Tehran’s funds is last sticking point with US

According to Iran‘s Fars news agency, the unfreezing of Iran’s funds is the last serious sticking point with the United States (US), being resolved through Qatar mediation. However, there has been no official confirmation.　　These headlines suggest that the US and Iran are close to reaching a deal.　　Meanwhile, US Interior Secretary Doug Burgum has announced that President Donald Trump will come through with a great deal on Iran.　　Market reaction　　No immediate reaction by the US Dollar (USD), riskier assets, and oil prices after the news release. During press time, the US Dollar Index (DXY) trades almost flat at around 99.00.　　US Dollar FAQs　　The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022.　　Following the second world war, the USD took over from the British Pound as the worlds reserve currency. For most of its history, the US Dollar was backed by Gold, until the

05-26Industry

Bitcoin, Ethereum ETFs Shed $112M as Hyperliquid Funds Extend 8-Day Win Streak

Bitcoin ETFs saw $105 million in outflows on Monday, while Ethereum ETFs shed $6.7 million as risk-off sentiment intensified amid Iran tensions.Two HYPE ETFs have posted net buying for eight consecutive days, adding $10.95 million on Monday and $25.5 million last week.Bitcoin traded at $76,700, down 0.7% over 24 hours, as Myriad users reduced the chances of a rally to $84,000 to 74%.　　Bitcoin and Ethereum exchange-traded funds posted $112 million in combined outflows on Monday, while two Hyperliquid ETFs extended their winning streak to eight consecutive days of net buying.　　The divergence highlights a growing split in institutional appetite: legacy crypto funds are bleeding capital amid macro uncertainty, while newer products tied to Hyperliquids high-growth infrastructure thesis continue to attract demand.　　Bitcoin ETFs led the losses with $105.2 million in outflows, while Ethereum ETFs shed $6.7 million, according to SoSoValue data. The moves come as digital asset investment products recorded $1.47 billion in outflows last week, making it the third-largest weekly total of 2026, according to CoinShares.　　Bitcoin ETFs alone saw $1.315 billion in outflows, the largest weekly outflow of the year, while Ethereum funds recorded $223 million in outflows. CoinShares attributed the risk-off sentiment to ongoing geopolitical tensions related to the Iran

05-26Industry

ATOM Price Prediction: $2.30 Resistance Test or $1.92 Support Break Within Days

Cosmos has established a defined trading range between $2.00 and $2.19, with price action suggesting institutional accumulation rather than retail speculation. The token sits above key moving averages while maintaining elevated trading volumes that indicate serious positioning by larger market participants.　　Current price levels represent a convergence of multiple timeframes, where short-term resistance meets longer-term support structures. This technical setup typically precedes significant directional moves as the market resolves the underlying supply and demand imbalance that has kept ATOM range-bound.　　Technical Indicator Convergence　　Multiple momentum indicators are approaching decision points simultaneously. The Relative Strength Index shows buyers remain engaged without reaching overbought territory, while moving average convergence divergence patterns suggest momentum is building beneath the surface. Blockchain.news technical analysis indicates these conditions often precede volatile price movements.　　Bollinger Bands have contracted around current price levels, creating a squeeze formation that historically leads to expansion phases. The combination of tightening volatility bands and neutral momentum readings creates an environment where small catalysts can trigger large moves in either direction.　　Price Target Analysis　　The immediate resistance zone sits at $2.23, representing the first hurdle for any bullish continuation. A clean break above this level opens the path toward $2.30, where more substantial selling pressure likely awaits based on

05-26Industry

BitMine lost $8 billion on ETH but Tom Lee still made tens of millions

Shares of BitMine Immersion Technologies, trailing 12 months. Source: TradingViewTens of millions for Tom Lee　　Five months after those strategic advisor warrants, BitMine asked stockholders to approve a new package for Lee, who had assumed the chairman role.　　Despite BitMines common stock languishing 79% below its 52-week high at the time, a majority of voting power agreed on January 15, 2026.　　The package was worth up to $95 million in cash over five years. BitMine paid $15 million upfront and committed to $20 million more in fixed payments over four years. The remaining $60 million unlocks only if BitMine hits annual revenue hurdles.　　Targets escalate from $200 million in fiscal 2027 to $500 million in fiscal 2030. In addition to the cash, Lee received 1.5 million time-vesting restricted stock units and 4.5 million performance units.　　Performance units vest at $125 and $250 share price targets.　　Curiously, BitMine‘s board justified the lavish deal by calling Lee a uniquely qualified leader. In actual fact, the company’s ETH treasury was already underwater by more than $4 billion at the time of the January vote, and losses have doubled since then.　　Compensation for me, dilution for thee　　BitMines common stock has lost 30% of its value year-to-date, and 88% since its 52-week

05-26Industry

Japanese Yen: Bearish bias persist versus US Dollar – UOB

UOBs Quek Ser Leang and Lee Sue Ann note that USD/JPY has stalled into sideways trade after failing to extend losses, with intraday momentum indicators flat. On a 1–3 week view, they still hold a positive US Dollar (USD) bias above strong support, but acknowledge slowing upside momentum. Over the medium term, they see scope for new highs without challenging the 2024 high of 162.00.　　Dollar-Yen holds above key support　　“24-HOUR VIEW: While we indicated yesterday that ”there is a chance for USD to test 158.70,“ we stated that ”a continued decline below this level is unlikely, and the strong support at 158.40 is unlikely to come under threat.“ The subsequent price movements did not unfold as expected. USD dipped briefly to 158.74 and then traded mostly sideways for the rest of the sessions. Momentum indicators are mostly flat, and further sideways-trading appears likely, probably between 158.75 and 159.20.”　　“1-3 WEEKS VIEW: We have held a positive USD view since the middle of the month. In our most recent narrative from last Thursday (21 May, spot at 158.85), we highlighted that ”upward momentum continues to slow, and a breach of 158.40 (‘strong support’ level) would shift the outlook for USD from positive to

05-26Industry

Oil: Extended Hormuz disruption reshapes energy outlook – Rabobank

Rabobank‘s Michael Every argues that the Strait of Hormuz is unlikely to return to normal operations for up to three months, keeping a significant share of global Oil and gas flows constrained. The report highlights risks of further war, demining delays and potential NATO involvement, and warns of a looming energy crunch that will force a revision of Rabobank’s macro and commodity forecasts.　　Hormuz closure drives energy crunch risks　　“As such, the new base case is that, on balance, Hormuz will not return to normal operation for up to three months (before ending in a ‘disputed’ US victory) – with supply-side damage.”　　“However, in political terms, an oil-for-oil deal gains Iran vital FX but loosens its chokehold on the world economy, which is its best leverage. Once the 1,550 ships trapped behind Hormuz exit with a huge one-off supply of energy, it would find itself in a far weaker bargaining position.”　　“Moreover, in physical terms, demining Hormuz could take longer than 30 days even if Iran has a better idea of where it has laid them, before drift, than the US does. Some estimates are it could take six weeks, which would already mean mid-July as an opening date.”　　“The second option can mean US

05-26Industry

Ethereum Price Roadmap For The Rest Of 2026: Bull, Base, And Bear Scenarios Unpacked

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.　　Ronaldos journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.　　Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.　　One of Ronaldos defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.　　Ronaldo‘s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others,

05-26Ethereum

Bitcoin, Ethereum ETFs Shed $112M as Hyperliquid Funds Extend 8-Day Win Streak

Bitcoin ETFs saw $105 million in outflows on Monday, while Ethereum ETFs shed $6.7 million as risk-off sentiment intensified amid Iran tensions.Two HYPE ETFs have posted net buying for eight consecutive days, adding $10.95 million on Monday and $25.5 million last week.Bitcoin traded at $76,700, down 0.7% over 24 hours, as Myriad users reduced the chances of a rally to $84,000 to 74%.　　Bitcoin and Ethereum exchange-traded funds posted $112 million in combined outflows on Monday, while two Hyperliquid ETFs extended their winning streak to eight consecutive days of net buying.　　The divergence highlights a growing split in institutional appetite: legacy crypto funds are bleeding capital amid macro uncertainty, while newer products tied to Hyperliquids high-growth infrastructure thesis continue to attract demand.　　Bitcoin ETFs led the losses with $105.2 million in outflows, while Ethereum ETFs shed $6.7 million, according to SoSoValue data. The moves come as digital asset investment products recorded $1.47 billion in outflows last week, making it the third-largest weekly total of 2026, according to CoinShares.　　Bitcoin ETFs alone saw $1.315 billion in outflows, the largest weekly outflow of the year, while Ethereum funds recorded $223 million in outflows. CoinShares attributed the risk-off sentiment to ongoing geopolitical tensions related to the Iran

05-26Ethereum