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Trump Attempts to Salvage Crypto with Bullish Promises, But Crypto Crashes Hard Anyway

The cryptocurrency market is witnessing a stark disconnect between Washington politics and raw market mechanics. Within the last 24 hours, U.S. President Donald Trump aggressively attempted to salvage market sentiment by issuing two highly supportive, pro-crypto statements on his Truth Social platform. Most notably, Trump declared that under his administration, the United States is securely positioned as the “crypto capital of the world,” emphatically promising that he will “NEVER let Crypto down!”　　X Content Blocked　　Please accept marketing cookies to view X (Twitter) embeds.　　Despite this overt rescue attempt from the White House, the market reacted with cold indifference. Instead of an upward rally, the premier digital assets entered a synchronized freefall. The Bitcoin price suffered a sharp drop, dumping over $2,000 to slide into the $73,200 range, while major altcoins like Ethereum ($ETH) and Ripple ($XRP) recorded even steeper percentage losses.　　Why is Bitcoin Crashing？　　If you are wondering why is bitcoin crashing right as a sitting U.S. President goes out of his way to salvage the industry‘s regulatory outlook, the fundamental catalyst isn’t domestic policy—it is escalating war.　　While Trumps verbal rhetoric was bullish, a fresh exchange of U.S.-Iranian military strikes shattered regional ceasefire hopes, triggering global risk-off sentiment. Short-term traders used the temporary

05-28

Euro: Higher oil prices weigh before late-2026 rebound – ABN AMRO

ABN AMRO analysts note EUR/USD has been volatile within a range, driven by shifting expectations on reopening the Strait of Hormuz. They expect elevated Oil prices to persist, weighing on EUR/USD in coming months as the Eurozone relies on energy imports, with a possible move towards 1.14 near term. Later, lower energy prices and a relatively more hawkish European Central Bank (ECB) should lift EUR/USD towards 1.20 by end-2026.　　Energy shock and policy divergence　　“EUR/USD has moved volatile within a range depending on optimism about reaching an agreement to reopen the Strait of Hormuz.”　　“Even if a deal is reached, we think will take time for the supply to normalise.”　　“Therefore, we think oil prices will remain elevated.”　　“It is likely that this will weigh on EUR/USD in the coming months as the euro is dependent on energy imports.”　　“So, in the near-term EUR/USD could move towards 1.14.”　　“Later in the year we expect lower energy prices.”　　“This and a more hawkish ECB compared to the Fed should support EUR/USD higher.”　　“We still expect the EUR/USD rate to be 1.20 by the end of 2026.”

05-28

Ethereum Price Prediction: ETH Loses $2K as $7K Setup Waits

Ethereum　　Ethereum Price Prediction: ETH Loses $2K as $7K Setup Waits　　Ethereum is back at a key decision point after losing the $2,000 level and rejecting the 200-week moving average. Analysts still point to a long-term $7,000 setup, but ETH first needs to defend its rising support line.　　Ethereum Chart Shows Five-Year Consolidation as Analyst Points to $7,000 Target　　Ethereum is nearing the end of a long consolidation pattern on the weekly chart, according to a setup shared by Rod on X.　　The analyst said ETH is close to completing a five-year structure. The chart uses a long Elliott Wave-style pattern, with the current move marked as the final part of a broader correction before a possible upside phase.　　Ethereum Weekly Chart. Source:　　The chart shows ETH moving through a large A-B-C structure after its 2021 peak. The first major low came in 2022, followed by a strong rebound and another pullback into the 2025–2026 period.　　Rods chart marks the latest decline as part of the final C wave. That area sits near a rising long-term support line, which has held the broader structure since the 2022 bottom.　　The projected path on the chart shows Ethereum moving higher after the consolidation ends. The upside projection points toward the $7,000

05-28

INJ Price Prediction: Bulls Target $12 Despite Overbought Signals Flashing Red

Injective has exploded 8.96% in 24 hours to $5.98, demolishing resistance levels with the kind of momentum that separates real breakouts from head fakes. The token now trades nearly 20% above its 20-day moving average at $4.99 and has cleared the 7-day SMA at $5.46 with conviction. This surge comes as institutional accumulation meets retail buying pressure in a confluence that typically precedes major moves.　　The technical setup shows INJ pushing well above its Bollinger Band upper limit with a 1.03 position, territory where tokens either accelerate into parabolic moves or face sharp corrections. Blockchain.news analysis of similar technical patterns shows this positioning often marks critical inflection points where direction gets decided quickly.　　Technical Momentum vs Warning Signals　　INJ‘s RSI reading of 72.60 places it deep in overbought conditions where profit-taking pressure typically mounts. The Stochastic indicators paint an even more extreme picture with %K at 92.69, suggesting the rally has reached stretched levels. However, the MACD histogram sitting at zero indicates momentum hasn’t definitively broken despite the overbought conditions.　　What makes this setup intriguing is the derivatives market behavior. Despite negative funding rates of -0.0238% paying shorts, open interest has increased 3.23% to $28 million. This suggests new capital entering positions rather than

05-28

Ethereum Dropped -13.68% in Last Month and is Predicted to Reach $2,253.10 By Jun 01, 2026

Ethereum is down -4.78% today against the US DollarEthereum is currently trading 12.31% below our prediction on Jun 01, 2026Ethereum dropped -13.68% in the last month and is down -25.29% since 1 year agoEthereum price$ 1,975.64Ethereum prediction$ 2,253.10SentimentFear & Greed indexKey support levels$ 2,041.35, $ 2,011.72, $ 1,964.63Key resistance levels$ 2,118.07, $ 2,165.16, $ 2,194.79　　ETH price is expected to rise by 11.20% in the next 5 days according to our Ethereum price prediction　　Ethereum price today is trading at $ 1,975.64 after losing -4.78% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -4.29% in the same time period. ETH performed poorly against BTC today and recorded a -1.23% loss against the worlds largest cryptocurrency.　　According to our Ethereum price prediction, ETH is expected to reach a price of $ 2,253.10 by Jun 01, 2026. This would represent a 11.20% price increase for ETH in the next 5 days.　　ETH Price Prediction Chart　　Buy/Sell Ethereum　　What has been going on with Ethereum in the last 30 days　　Ethereum has been displaying a negative trend recently, as the coin lost -13.68% in the last 30-days. The medium-term trend for Ethereum has been bearish, with ETH dropping by

05-28

Ethereum price slips as outflows hit 2024 low: What next?

Ethereum　　Ethereum price slips as outflows hit 2024 low: What next？　　Ethereum traded below the $2,000 level as on-chain activity weakened and short-term technical indicators stayed under pressure.Ethereum exchange withdrawals fell to 16.05 million ETH, their lowest level since June 2024.Failed transactions and exchange inflows have increased slightly as ETH trades below $2,000 support.RSI near 29.69 places Ethereum close to oversold levels, but sellers still control momentum.　　The move came as exchange withdrawal data dropped to its lowest level since June 2024, while failed transactions and exchange inflows showed fresh signs of network and market stress.　　Ethereum withdrawals fall to June 2024 low　　Data from the Ethereum Exchange Outflow 30D indicator showed that total withdrawals from exchanges fell to about 16.05 million ETH. Arab Chain said the reading marked the lowest level since June 2024.　　Lower exchange withdrawals can show that fewer users are moving ETH away from trading platforms. This often points to slower long-term accumulation, especially when price action remains weak or range-bound.　　Binance led Ethereum withdrawals with about 7.00 million ETH. OKX followed with around 1.43 million ETH, while Coinbase Prime ranked third with about 1.12 million ETH. Kraken, Bitget, and HTX Global recorded lower withdrawal activity.　　Source: CryptoQuant　　The drop does not give a direct

05-28

Bit Digital backs WhiteFiber with $100M Ethereum-linked loan

Bit Digital is extending a $100 million loan facility to a WhiteFiber subsidiary as it links its Ethereum treasury strategy with its AI infrastructure business.Bit Digital originated a $100 million loan facility to support WhiteFibers AI infrastructure growth plans.The facility may rise to $150 million if Bit Digital and WhiteFiber reach mutual agreement.Ethereum-backed funding lets Bit Digital retain ETH exposure while seeking returns beyond traditional staking yields.　　The company said the delayed-draw term loan will support WhiteFibers near-term growth plans in high-performance computing and AI infrastructure. The structure also allows Bit Digital to use Ethereum-backed financing while keeping ETH exposure.　　Bit Digital funds WhiteFibers AI buildout　　Bit Digital announced that it originated and served as a lender for a $100 million delayed-draw term loan facility to a WhiteFiber subsidiary. WhiteFiber is the companys majority-owned AI infrastructure and high-performance computing business.　　The loan can be expanded to $150 million if both parties agree. B. Riley Securities purchased part of the term loans from Bit Digital Capital, a wholly owned unit of Bit Digital.　　Bit Digital has established a $100 million financing facility to support @WhiteFiber_s growth, expandable to $150 million.　　The economics are designed to exceed traditional ETH staking yields while supporting the infrastructure expansion of an

05-28

3 Reasons XLM Price is Up 14% Today, May 28, as Stellar Enters Wall Street

Stellar (XLM) price is up 14% today, May 28, to trade at $0.169 at the time of writing. Trading volumes had gone up by 857% to $848 million per CoinMarketCap. XLM price is the only one rising among the top 50 cryptos, and this is because of Stellars entry into Wall Street through DTCC.　　XLM is standing out because its biggest rival, XRP, is down by 3.64% to trade at $1.28 at the time of writing. Bitcoin has dropped below $73,000, and Ethereum is now below $2,000 because of a crypto market decline that has liquidated $934 million in just 24 hours.　　Stellars Partnership With DTCC is Driving XLM Price Gains　　The DTCC said it is working with Stellar to tokenize its custodied assets, and the XLM price went from $0.146 to $0.178 as soon as this partnership was announced.　　DTCC has said that Stellar will enable it to bring traditional assets to the blockchain, and this will lead to deeper liquidity for DTCC users while giving them more transparency. It becomes the latest firm to chase the tokenization hype after Mastercard received a licence in New York to also tokenize deposits.　　The CEO of the Stellar Development Foundation, Denelle Dixon, says the Stellar blockchain

05-28

WORLD token rug pull allegations drag James Wynn back into controversy

For many traders following the situation, the unusually low payout became part of the story itself. Rug pulls in the memecoin sector typically target much larger sums, especially when linked to public figures with large online audiences.　　At the same time, the incident revived discussion around Wynns earlier controversies in crypto markets, particularly his history with leveraged trading and memecoin promotions.　　Earlier memecoin controversies resurface　　Back in October 2025, Wynn faced criticism after publicly promoting a BNB Chain memecoin called YEPE. Shortly after the token surged more than 400%, blockchain analytics platform Bubblemaps reported that insiders controlled roughly 60% of the supply.　　Days later, Bubblemaps said insider wallets had started selling large portions of their holdings, generating roughly $1.4 million in profits while still retaining more than half of the token supply.　　Wynn had previously shared the token address with followers on X while claiming “YEPE is flying” and that the “market has spoken.”　　Long before the WORLD token controversy, Wynn had already become one of the most polarizing personalities in crypto trading circles because of his extreme leverage positions on HyperLiquid.　　During the first half of 2025, Wynn regularly posted screenshots of oversized Bitcoin and memecoin trades using leverage reportedly as high as 40x. At one

05-28

Worldcoin Price Hits 11-Week High as Binance Expands Pre-IPO to OpenAI

Worldcoins WLD token pulled back after reaching an 11-week high above $0.408, as traders reacted to stronger on-chain activity, higher whale participation and new attention around OpenAI-linked market products.　　At press time, at press time, down 9.14% over 24 hours. Despite the daily decline, the token remained up 39.28% over the past week, showing that the latest drop followed a sharp short-term rally.　　Worldcoin, now branded as World, is a co-founded by OpenAI CEO Sam Altman. The project is focused on building proof-of-personhood infrastructure using biometric verification through Orb devices. Its connection to Altman has brought renewed attention as artificial intelligence adoption expands and online identity verification becomes a larger market theme.　　WLD Rally Follows Spike in Network Activity　　Santiment data showed that Worldcoins on-chain activity rose sharply during the latest price rally. Whale transactions reached 64 in 24 hours, the highest level recorded for WLD in 2026.　　Active addresses also climbed to 1,309 in 24 hours, the second-highest level of the year. Network growth reached 379 new wallets in the same period, marking the highest daily reading of 2026.　　Source:　　When whale transactions, active addresses, and new wallet creation rise together, it often shows that both large holders and smaller users are becoming more active at

05-28

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