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US Dollar Faces Summit-Driven Correction, Warns DBS

Tech　　US Dollar Faces Summit-Driven Correction, Warns DBS　　Singapores DBS Group Research has issued a note suggesting the US Dollar may be headed for a correction, driven by outcomes from recent international summits and shifting macroeconomic expectations. The analysis points to a confluence of factors—including trade policy adjustments and central bank signals—that could weaken the greenback in the near term.　　What Is Driving the Correction View？　　DBS strategists highlight that market sentiment has shifted following high-level diplomatic meetings, where trade and currency agreements have introduced new uncertainties. The bank‘s report emphasizes that the dollar’s recent strength was partly built on expectations of aggressive Federal Reserve tightening, but summit outcomes have tempered those bets. Additionally, a potential easing in geopolitical tensions could reduce safe-haven demand for the dollar.　　Key Economic Indicators at Play　　The analysis draws on recent data showing a slowdown in US manufacturing and a softening in consumer spending, which may give the Fed room to pause its rate hiking cycle. Meanwhile, other major economies, particularly in Asia and Europe, are showing signs of stabilization, narrowing the interest rate differential that had favored the dollar. DBS notes that the dollar index (DXY) could face resistance at recent highs and may correct toward lower support levels

05-15

FTX Victims Sue Fenwick & West for $525M Over Alleged Role in Fraud

Twenty victims of the FTX collapse have filed a $525 million lawsuit against the prominent Silicon Valley law firm Fenwick & West, alleging it played a critical role in concealing the crypto exchange‘s massive fraud. The complaint, filed in the U.S. District Court for the District of Columbia, accuses Fenwick of helping structure shell entities, obscure fund movements, and provide legal guidance that enabled FTX’s misuse of customer assets.　　The plaintiffs argue that Fenwick‘s involvement gave FTX a veneer of legitimacy, preventing investors from recognizing the warning signs before the exchange’s implosion in November 2022. They also highlight the firm‘s alleged creation of North Dimension Inc., a Delaware shell company that funneled over $3 billion in stolen funds, and its advice on implementing FTX’s Signal auto-delete messaging policy, which prosecutors claim helped shield fraudulent activities from regulators.　　Testimony and Examiners Findings　　Central to the case is testimony from Nishad Singh, FTX‘s former Director of Engineering, who pleaded guilty to fraud charges. Singh testified that he informed Fenwick attorneys about the misuse of customer funds, but instead of distancing themselves, the firm allegedly advised on how to conceal it. This aligns with findings from a 2024 bankruptcy examiner’s report, which reviewed over 200,000 documents

05-15

Bitget Goes Legal in Mexico: Secures Critical SAT and UIF Registrations

Tech　　Bitget Goes Legal in Mexico: Secures Critical SAT and UIF RegistrationsBitget secures SAT and UIF registrations to legally expand crypto services in Mexico.Mexico becomes a key growth market for Bitgets wider Latin American expansion plans.Bitget says regulatory compliance will help strengthen trust with users and institutions.　　Universal exchange Bitget has completed key registrations in Mexico as the company pushes deeper into the Latin American market.　　The exchange announced that it has secured vulnerable activity registration with Mexico‘s Tax Administration Service (SAT). At the same time, it also completed registration with the country’s Financial Intelligence Unit (UIF). The approvals allow Bitget to operate within Mexicos current virtual asset framework.　　According to the company, these registrations make Bitget one of the first global crypto platforms to complete the process in Mexico.　　Mexico Becomes Key Market for Bitget　　Mexico has become an important market for crypto companies as digital asset adoption continues to rise across the country.　　Bitget said Mexico is now one of its largest markets in Central and Latin America. The company sees the country as a major part of its long-term regional expansion strategy because of its growing crypto user base and its wider financial influence across Latin America.　　The company plans to use its Mexico expansion

05-15

US Dollar Index: Rates support further gains – Societe Generale

Finance　　US Dollar Index: Rates support further gains – Societe Generale　　Societe Generale‘s Kit Juckes links the Dollar’s trajectory to shifting interest rate and growth differentials, noting that US 2-year Treasury yields have surged since the war with Iran while the Dollar Index has only modestly advanced. He argues the Dollar still has room to rally, with the banks end-2026 DXY forecast above Bloomberg consensus.　　US yields outpace peers, backing Dollar　　“Still, the chart below of the Dollar Index and 2-year Note yields, does tell an interesting story. The dollar was already rallying before the Presidential election and continued to do so until January 2025.”　　“From September 2025 until the outbreak of the war with Iran, 2-year Treasury yields stayed low, in a 3.4-3.7% range despite strong economic growth, an investment boom and signs of inflationary pressures at the margin. Over the same period, the Dollar Index meandered around in a 96-101 range, with EUR/USD trading between 1.14 and 1.21.”　　“The war changed the interest rate outlook, with 2-year yields rising by over 6% since it started. The dollar has rallied, but only modestly compared to the rate moves we are seeing.”　　“Even so, the trend (US 2-year yields rising faster than we are seeing elsewhere) is

05-15

Crypto Market Sees Slight Volatility as Fear & Greed Index Hits Neutral

The worldwide crypto market is witnessing slight volatility, as the latest 24-hour data suggests. Hence, the total crypto market capitalization is currently standing at $2.66T, showing a 1.49% drop. However, the 24-hour crypto volume has surged by 8.31%, hitting the $95.02B mark. At the same time, the Crypto Fear & Greed Index now accounts for 46 points, displaying “Neutral” sentiment among the market participants.　　Bitcoin Rises by 1.62% and Ethereum Witnesses 0.23% Surge　　Particularly, the leading crypto asset, Bitcoin ($BTC), is trading at $80,842.77. This price level indicates a 1.62% increase, while the market dominance of Bitcoin ($BTC) stands at 60.1%. In addition to this, the flagship altcoin, Ethereum ($ETH), is now changing hands at $2,264.80, indicating a 0.23% rise. In the meantime, Ethereums ($ETH) market dominance sits at 10.3%.　　$CATX, $DOGO, and $TRUMP Lead Crypto Gainers of Day　　Apart from that, the leading crypto gainers of the day include CATX ($CATX), DOGO ($DOGO), and TRUMP AI ($TRUMP). Specifically, $CATX has surged by a staggering 3177.59%, reaching $0.000003521. Following that, a 1878.56% rise has placed $DOGOs price at $0.000001565. Subsequently, $TRUMP is now hovering around $0.0004888, highlighting a 498.65% jump.　　DeFi TVL Surges by 0.78% and NFT Sales Volume Records 46.01% Jump　　Simultaneously, the DeFi TVL

05-15

Can BNB price break above $750 as double bottom pattern forms?

The neckline of the pattern sits near the $680–$690 resistance zone, which bulls are currently attempting to reclaim decisively. A confirmed breakout above the neckline would validate the pattern and could potentially trigger a measured move toward the $780 region by adding the height of the formation to the breakout level.　　The current setup also shows BNB gradually reclaiming higher lows while continuing to trade firmly above the Supertrend indicator near the $627 region, signaling that buyers currently maintain broader trend control.　　Momentum indicators continue to support the bullish outlook. The MACD recently completed a bullish crossover while the histogram continues printing expanding green bars, suggesting upside momentum remains intact despite short-term consolidation below resistance.　　Meanwhile, the broader recovery structure remains constructive as long as BNB holds above the key $650 support zone. A successful breakout above the neckline resistance could strengthen momentum toward the psychological $700 level, followed by the $750–$780 region.　　However, failure to hold above current support levels could weaken the bullish setup and potentially trigger a pullback toward the $627 and $600 support zones, where buyers previously reentered aggressively.

05-15

Ethereum Price Prediction: February Accumulators Are Selling Into the Dip as ETH Drops 5.5%

Ethereum　　Ethereum Price Prediction: February Accumulators Are Selling Into the Dip as ETH Drops 5.5%Santiment recorded $74.58M in ETH realized profits, the highest in three weeks, as February accumulators sell into the current decline while still in profitFour straight days of ETF outflows totaled over $156M, with BlackRocks ETHA leading exits as institutional holders reduce exposure near $2,300Open interest fell 4.40% to $33.19B with longs absorbing $41.65M in 24h liquidations, double the $21.03M shorts lost in the same window　　Ethereum trades at $2,256 on May 15, down 5.5% in three days, as Santiment flags $74.58M in realized profits from wallets that bought during Februarys sub-$2,000 lows and are now distributing into the dip while they still can.　　ETH Daily Chart: Lower Wedge Rail Is the Only Thing Holding This Together　　ETH price is pressing the lower rail of the rising wedge near $2,236, the line that has defined ETHs recovery since the February low at $1,800. The 20 EMA at $2,300 and 50 EMA at $2,273 have both flipped back above price after acting as support through most of May. That is a near-term bearish shift and the first time both EMAs have been overhead simultaneously since early April.　　The MACD crossed below its signal

05-15

Rune tanks 11% after attackers move $10M in THORChain exploit

On the other hand, the rest of the stolen crypto coins have been performing fairly well despite the turbulence. Bitcoin increased by 2.61% over the past 24 hours to $81,667.13, bringing the value of the 36.85 BTC stolen to around $3.01 million.　　Ethereum remained almost unchanged, rising by only 0.12% to $2,252.88, while the approximately 3,156 ETH stolen remained at $7.11 million.　　Investors struggle in the current crime-driven markets　　DeFi security attacks have persisted through May 2026, with some protocols experiencing losses arising from vulnerabilities in their smart contracts on May 10 and 11, including Huma Finance and Ink Finance.　　As reported by Cryptopolitan, Huma Finance suffered an exploit of its V1 smart contracts deployed on the Polygon blockchain on May 11, resulting in the theft of approximately $101,400 worth of USDC and USDC.e tokens.　　The attack exploited the BaseCreditPool deployment by leveraging a logic vulnerability in the refreshAccount() function to skip EA approval processes, allowing arbitrary promotions of credit accounts to the “GoodStanding” position.　　Meanwhile, Ink Finance became a victim of yet another theft totaling around $140,000 from its Workspace Treasury Proxy contract deployed on Polygon. As reported by Cryptopolitan, the attacker deployed a contract whose address was listed on the whitelist, thereby bypassing eligibility

05-15

XRP Burn Rate Surges 36% as Price Breaks Key Resistance

This parabolic price move saw XRP outperform other top cryptocurrencies like Bitcoin and Ethereum within the 24-hour trading period, signaling surging demand for the leading altcoin.　　Although the major influence behind XRPs rapid price surge remains uncertain, market participants believe that the asset is seeing increased demand from both retail and institutional investors.　　What to expect for XRP？　　While XRP has traded majorly on the bullish territory this month, the asset is expected to deliver bigger price returns for May, surpassing the monthly gains seen so far this year.　　As of the time of writing, XRP is already projecting a 7.77% gain for the month; this marks the highest monthly return recorded so far in 2024.　　While a bigger price move is expected in the coming days, the month might turn out to become XRPs strongest month so far.

05-15

Hyperliquid Price Prediction: Rally Extends Beyond Range Highs as Bulls Target the $50 Psychological Zone

Hyperliquids native token $HYPE extended its strong rally on Friday after buyers regained control across key technical levels. The token traded near $46 after climbing almost 19% in 24 hours.　　Trading activity also accelerated sharply, with daily volume approaching $800 million. The latest breakout pushed $HYPE above its previous consolidation range and reinforced bullish sentiment across the derivatives market.　　Bullish Momentum Strengthens Above Major Support Zones　　$HYPE rebounded aggressively from the $38 region and invalidated the broader corrective structure seen earlier this year. Consequently, the token now trades above all major exponential moving averages on the four-hour chart. The bullish EMA alignment continues supporting trend continuation rather than immediate reversal pressure.　　The recent breakout also reclaimed the important $41 to $42 region. That area previously acted as a heavy resistance cluster. However, bulls flipped the zone into support after sustained buying pressure returned.　　Hyperliquid Price Dynamics (Source: Trading View)　　Momentum indicators also support the current structure. The Directional Movement Index shows buyers maintaining control as the positive directional index remains above the negative reading. Additionally, the ADX trend strength indicator continues rising gradually. That setup often signals expanding momentum instead of a temporary relief bounce.　　Related: $XRP Price Prediction: $XRP Finally Breaks $1.50 On Senate Vote Then

05-15

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