Latest Crypto News & Market Updates

Polymarket wallets made $2.4M on Iran bets – Was insider trading involved?

Suspicion surrounding geopolitical prediction markets increasingly intensified after nine connected Polymarket wallets reportedly generated over $2.4 million from Iran war betting activity.　　Investigators already linked the cluster to more than 80 highly accurate positions with reported win rates near 98%.　　Source: X　　Those accounts allegedly predicted the exact timing of U.S. strikes, leadership developments, and eventual ceasefire announcements before broader public confirmation emerged.　　Bubblemaps Co-Founder and CEO Nicolas Vaiman later stated that statistical probability alone could not reasonably explain the trading precision behind those positions.　　That progression increasingly exposed insider-information risks across anonymous geopolitical betting markets.　　Political betting rapidly reshapes prediction markets　　As insider-trading concerns increasingly spread across prediction markets, speculative capital also continued accelerating into geopolitical and regulatory event trading.　　TRM Labs data already showed monthly prediction market volume expanding from roughly $1.2 billion during early 2025 toward nearly $20 billion by early 2026.　　Source: TRM Labs　　That momentum strengthened further once traders increasingly treated military developments, political shifts, and crypto legislation like tradable financial assets.　　Polymarket users also currently assign nearly 64% odds for the CLARITY Act becoming law during 2026, beneath roughly $952,000 in cumulative contract volume.　　Source: Polymarket　　Legislative sentiment, meanwhile, continued to fluctuate sharply around Senate proceedings and committee developments, reinforcing broader positioning volatility. However, growing liquidity and

05-21Industry

Injective rebounds 8% – But can INJ bulls hold $5 this time?

Injective rebounds on increased speculation　　However, the overall ratio remains extremely low, at around 0.6, suggesting that, apart from OKX and Binance, traders elsewhere are shorting the market.　　The market still faces intense bearish pressure　　Although speculative activity returned to the market, sellers have remained extremely active across the spot and futures markets.　　Source: CoinGlass　　On the Futures side, outflows have dominated the market for seven consecutive days. On the 19th of May, Futures Outflow rose to $124.9 million while inflows dropped to $121.4 million.　　As a result, Futures Netflow dropped to -$3.4 million, a clear sign of aggressive selling activity. On the Spot side, sellers rushed to cash out after INJ rebounded.　　CoinGlass data showed that Spot Netflow rose to $903k, further confirming intense profit-taking activity. With sellers dominating both sides, this suggests a lack of long-term conviction among market participants.　　Source: CoinGlass　　Often, such stretched selling pressure has preceded a weakened market structure, leading to lower prices.　　What momentum indicators suggest　　Injective momentum remains strong despite increased profit-taking. The altcoins ADX of the Directional Movement Index (DMI) rose to 57, while the positive index sits at 45.　　ADX above 50 indicates a very strong trend, and with the positive Index above the negative Index, it suggests a strong upside.　　Additionally, the

05-21Industry

Qivalis Adds 25 Banks Across 15 Nations as Bank of England Maps Stablecoin Rules

The Qivalis consortium expanded its membership to 37 institutions on Wednesday, adding 25 new banks across 15 European countries as it advances toward a regulated euro stablecoin launch in the second half of 2026. The Amsterdam-based group now counts ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo among its members, broadening the projects footprint into core European banking. Chairman Howard Davies said the consortium is “ensuring that European principles around data protection, financial stability and regulatory rigour are embedded into the next generation of digital money.” The expansion lands as US dollar-pegged tokens still command roughly 98% of global stablecoin market share.　　Spain emerged as the most represented jurisdiction in the latest membership wave, with ABANCA, Banco Sabadell, Bankinter, Cecabank and Kutxabank all joining. The country has separately shown the strongest retail uptake of Circle‘s EURC, making it a natural focal point for euro-denominated blockchain payments. Italy added two new members, while France, Sweden, Greece, the Netherlands, Finland and Ireland each contributed two more institutions. The diversified roll-call strengthens the consortium’s ambition to deliver a unified MiCA-regulated rail despite recent comments from ECB President Christine Lagarde arguing that private stablecoins are not the right vehicle for advancing the euros global standing.　　Prop trading

05-21Industry

Key XRP Metrics Signal Bullish Shift After Weeks of Heavy Sell-Offs

Bybits XRP deposit dominance faded significantly as withdrawal transactions overtook deposits on Binance and Coinbase during the latest exchange rotation.　　;　　}　　function loadTrinityPlayer(targetWrapper, theme,extras=“”) {　　cleanupPlayer(targetWrapper); // Always clean first ✅　　targetWrapper.classList.add(‘played’);　　// Create script　　const scriptEl = document.createElement(“script”);　　scriptEl.setAttribute(“fetchpriority”, “high”);　　scriptEl.setAttribute(“charset”, “UTF-8”);　　const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/？themeAppearance=${theme}${extras}`);　　scriptURL.searchParams.set(“pageURL”, window.location.href1);　　scriptEl.src = scriptURL.toString();　　// Insert player　　const placeholder = targetWrapper.querySelector(“.add-before-this”);　　placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);　　}　　function getTheme() {　　return document.body.classList.contains(“dark”) ？ “dark” : “light”;　　}　　// Initial Load for Desktop　　if (window.innerWidth 768) {　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),　　});　　}　　}　　// Mobile Button Click　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),　　});　　}　　function reInitButton(container,html){　　container.innerHTML = + html;　　}　　// Theme switcher　　const destroyButton = document.getElementById(“checkbox”);　　if (destroyButton) {　　destroyButton.addEventListener(“click”, () = {　　setTimeout(() = {　　const theme = getTheme();　　if (window.innerWidth 768) {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if(desktopWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(desktopWrapper, theme,　　}else{　　reInitButton(desktopWrapper,‘’)　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,‘　　});　　}　　}　　} else {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if(mobileWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(mobileWrapper, theme,　　}else{　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,　　});　　}　　}　　}　　}, 100);　　});　　}　　})();　　XRP exchange-flow activity is beginning to show a different pattern after several weeks of steady deposit pressure centered on Bybit, according to new analysis from CryptoQuant.　　Data from the XRP Multi-Exchange Daily Depositing/Withdrawing Transactions Delta shows that Bybits transaction delta moved back close to neutral around May 16 and ended

05-21Industry

FLOKI Price Prediction: December Breakout Target $0.000040 as Support Holds

The Immediate Setup　　FLOKI trades at $0.00003006, positioned precariously near its lower Bollinger Band with an RSI reading of 39.21 that suggests oversold conditions are building. The MACD histogram sits at zero, indicating momentum has stalled, while the Bollinger Band position of 0.12 shows the token hugging critical support levels that often mark accumulation zones in meme coin cycles.　　Trading volume of $2.35 million on Binance reflects muted retail interest, a pattern that frequently precedes significant directional moves in smaller cap tokens. The stochastic indicators at 6.88 (%K) and 5.51 (%D) confirm oversold conditions on shorter timeframes, creating potential bounce scenarios if buyers emerge at these compressed levels.　　Technical Structure Analysis　　The current price action reveals a consolidation pattern testing the durability of support established over recent weeks. FLOKIs position at the lower Bollinger Band represents a technical inflection point where either capitulation accelerates or smart money begins accumulating ahead of the next cycle. Blockchain.news analysis of similar meme coin setups shows tokens trading near these technical extremes typically resolve within 15-20 trading days.　　Historical data suggests tokens maintaining RSI levels between 35-40 while holding Bollinger Band support experience bounce rates exceeding 60% when accompanied by stabilizing volume patterns. The absence of panic selling despite

05-21Industry

Solana price down today: why?

Today the price of SOL, Solanas native cryptocurrency, is down.　　In reality the drop already started last Tuesday, and today it is simply continuing.　　It is therefore necessary to understand not only what the causes are, but also whether it is destined to end or not.　　The drop　　On Tuesday, May 12, a new decline in the price of SOL began, which in fact is still ongoing today.　　However, it should be specified that in the previous seven days it had risen from $84 to over $98, with +18% which, in a market phase like this, seemed a bit unusual.　　It should also be said that starting from February 12, that is three months earlier, it entered a sideways phase between $78 and $98, and this already explains many things.　　To tell the truth, starting from mid-April the lower line of the sideways movement rose, first to $79 and then to $82, and this makes the situation even clearer.　　In other words, this sideways phase is simply continuing.　　When on May 11 the price of Solana tested the $98 wall, not only did it fail to break through it, but it then almost immediately recorded a reverse rebound that is bringing it back towards the lower point of the

05-21Industry

Solana Price Prediction: Goldman Sachs Dumps SOL ETFs as Funding Rates Turn Negative

Solana trades at $84.86 on May 20, pressing the rising channel trendline for the second day running, as Goldman Sachs reveals it cleared its entire $SOL ETF position in Q1 and futures funding rates flip negative for the first time since February.　　$SOL Daily Chart: Channel Trendline Holding With a Liquidity Zone Below　　Solana Daily Price Action (Source: TradingView)　　$SOL is sitting on the lower rail of the rising channel from the February low at $67. Below that, a liquidity sweep zone between $76 and $78 marked by the LuxAlgo indicator becomes the target if the channel breaks on a daily close.　　All four EMAs are above price. The 20 EMA at $87.84 and 50 EMA at $87.66 are the immediate ceilings, followed by the 100 EMA at $92.95 and 200 EMA at $109.58. Price has not closed above the 20 EMA since May 16. A pink liquidity zone near $96 to $98 marks where price was rejected on May 11 and remains the level that needs clearing before any recovery attempt holds.　　$SOL Key levels for May 21:Resistance: $87.84 (20 EMA), $87.66 (50 EMA), $92.95 (100 EMA), $96 to $98 rejection zoneSupport: Channel trendline near $84, $76 to $78 liquidity sweep zone200 EMA: $109.58　　Solana

05-20Exchange

Will Dogecoin price break out as it forms a giant round bottom pattern？

Dogecoin price has remained under pressure over the past few months, but a growing combination of bullish technical signals, rising retail utility, and renewed speculation surrounding Elon Musks involvement with crypto payments is beginning to shift market sentiment.　　According to data from crypto.news, Dogecoin ($DOGE) was trading near $0.103 on May 20 after stabilizing above the key psychological support zone around $0.10. While the memecoin remains significantly below its 2024 highs, technical analysts are increasingly pointing to the formation of a giant rounded bottom pattern on the daily chart, a setup often associated with long-term bullish reversals.　　The chart shows Dogecoin spending several months carving out a broad curved structure following its prolonged downtrend from late 2025 highs near $0.30. The pattern resembles a classic rounded bottom, where selling pressure gradually weakens before buyers begin reclaiming control over a longer period.　　$DOGE has also managed to reclaim its Supertrend indicator support around $0.1006, while the Aroon Up indicator recently surged toward 100%, signaling strengthening bullish momentum and a possible continuation of the emerging uptrend.　　If the rounded bottom structure confirms with a breakout above the neckline resistance near the $0.12–$0.13 region, the next major upside target could stand near $0.27–$0.30, representing nearly a 190%

05-20Exchange

DRV rises over 6% after Coinbase roadmap listing: how high can it climb？

Derive ($DRV) has posted strong gains over the past 24 hours after being added to Coinbases listing roadmap, with the token climbing more than 6% to trade near $0.083.　　The token is up more than 259% over the past year and has recovered sharply from its all-time low of $0.01244 recorded in April 2025, although $DRV remains about 63% below its all-time high of $0.2283 reached in January 2025.　　Coinbase listing boosts $DRV momentum　　$DRVs rally followed confirmation that Coinbase has added $DRV to its listing roadmap, which would expose the token to a significantly larger pool of retail and institutional traders.　　Listings on major exchanges often increase liquidity and trading participation, particularly for mid-cap decentralised finance projects.　　In $DRVs case, the addition to the listing roadmap coincided with a sharp increase in trading activity, with 24-hour volume climbing above $1.4 million.　　The move also triggered renewed interest in the Derive ecosystem.　　The protocol currently holds more than $123 million in total value locked, showing that user capital inside the platform remains relatively strong even after the broader crypto market experienced periods of heavy volatility earlier this year.　　The price action following the addition to the roadmap showed aggressive buying pressure as $DRV broke above the $0.082 resistance

05-20Exchange

Singapore revokes crypto payment licence of Bsquared over regulatory breaches

Singapores central bank has pulled the crypto payment licence of Bsquared Technology Pte Ltd, stripping the firm of its right to provide digital payment token services after uncovering a series of breaches.　　In a Wednesday announcement, the Monetary Authority of Singapore (MAS) said it revoked Bsquared‘s Major Payment Institution Licence after an on-site inspection found weaknesses in the company’s risk management practices and conflict-of-interest policies, as well as failures to comply with the regulators outsourcing guidelines.　　MAS said Bsquared provided false or misleading information on multiple occasions, from its initial license application through the inspection itself.　　Bsquared, also known as BSQ, obtained its license 16 months ago after receiving approval to offer digital payment token services under Singapores Payment Services Act 2019.　　MAS orders Bsquared to submit a closure certificate　　The company is required to submit a closure certificate from its auditors confirming that all customer funds have been returned to their recipients. Bsquared told MAS it held no outstanding customer assets.　　“MAS takes a serious view of the breaches committed by BSQ, and is reviewing the responsibilities of key officers of BSQ,” the central bank added.　　MAS revokes Bsquareds license. Source: MAS　　MAS has granted 37 digital payment token services licenses so far, and revocations remain uncommon.

05-20Exchange