Key takeawaysCelestia (TIA) climbed above $0.4400 on Friday, marking its third consecutive day of gains this week.The coin could extend its rally towards the $0.50 psychological level.Celestia (TIA) climbed above $0.4400 on Friday, marking its third consecutive day of gains this week. The rally appears to be driven largely by growing retail interest and rising social media attention rather than a major fundamental catalyst.With momentum indicators strengthening and price approaching a key resistance zone, traders are now watching whether TIA can sustain its rebound and push toward the $0.50 level.Retail demand and social buzz boost TIATIA is up10% in the last 24 hours and is now trading above $0.4400 per coin. Retail participation in Celestia has surged as the token emerges as one of the stronger performers in the broader crypto market.According to CoinGlass data, TIA’s Open Interest (OI) climbed to $68.17 million, rising more than 10% in the past 24 hours. The increase suggests growing leveraged trading activity and heightened speculative interest.At the same time, TIA’s funding rate stands at 0.0042%, indicating traders are paying a premium to maintain long positions — a sign of bullish market sentiment.Santiment data also highlights a sharp increase in social engagement surrounding Celestia.The token’s social dominance rose to 0.024% of all crypto-related discussions, signaling growing attention from retail traders and online communities.The combination of rising Open Interest and increased social buzz suggests speculative momentum is currently driving the rally.Celestia technical outlook: Bulls regain controlThe TIA/USD 4-hour chart has flipped bullish as Celestia has surged by more than 15% in the last seven days.The rally began with a strong 6% rebound on Wednesday and has since pushed TIA above several important technical levels, including the 100-day EMA at $0.4015 and the 50% Fibonacci retracement level at $0.4104These levels are measured from the January 13 high of $0.6257 to the February 6 low of $0.2693.If the rally persists, the next major resistance lies between $0.4596 and $0.4722, a supply zone that previously rejected bullish attempts earlier this month.A daily candle break above these levels could pave the way for TIA to extend its rally towards the $0.5224 resistance zone.Technical indicators continue to favor bullish momentum. The Relative Strength Index (RSI) sits at 67, suggesting buying pressure remains healthy without entering overbought territory.The MACD indicator is moving toward a bullish crossover as negative histogram bars continue to shrink, signaling weakening bearish momentum.Together, these signals suggest the current recovery still has room to extend higher if buyers maintain control.TIA/USD 4H ChartHowever, if TIA loses momentum near resistance, traders will likely focus on several key support zones. The first major support zone is the $0.4104 level, which served as a previous demand region.Failure to defend this support could expose lower demand zones like the 100-day EMA at $0.4015 and the 50-day EMA at $0.3844. Holding above these levels would help preserve the token’s short-term bullish structure.The post Celestia (TIA) extends recovery above $0.44 as retail traders fuel rally appeared first on CoinJournal.

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Key takeawaysPI is up by 2% in the last 24 hours and maintains its value above $0.1500.The momentum indicators suggest a potential recovery in the near term. Pi Network trades steadily above $0.1500 on Friday as recent exchange data points to mild accumulation activity. While the token continues to face resistance near $0.1550, declining selling pressure and growing CEX outflows are supporting a cautiously bullish short-term outlook.CEX outflows signal growing demand for PIA decline in token balances on Centralized Exchanges (CEXs) is often viewed as a positive sign, as it suggests investors are moving assets into private wallets rather than preparing to sell.According to PiScan data, roughly 400,000 PI tokens were withdrawn from exchanges over the past 24 hours. The steady reduction in exchange reserves may indicate renewed short-term demand and could help fuel Pi Network’s next recovery attempt if the trend continues.PI technical analysis: PI faces key resistance near $0.1550The PI/USD 4-hour chart remains bearish despite the positive performance today. At the time of writing, PI trades around $0.1536, remaining below both the 50-period Exponential Moving Average (EMA) at $0.1573 and the 200-period EMA at $0.1680.For bullish momentum to strengthen, PI must break above the $0.1550 resistance zone and reclaim the 50-period EMA. A successful breakout could pave the way for a move toward the 200-period EMA near $0.1680.Technical indicators suggest sellers may be losing control in the short term. The Moving Average Convergence Divergence (MACD) indicator and its signal line continue trending upward, although both remain below the zero line. This points to a potential recovery phase within a broader bearish structure.Meanwhile, the Relative Strength Index (RSI) hovers near the neutral 50 level, signaling balanced momentum as downside pressure gradually fades.PI/USD 4H ChartIf the bearish trend returns, immediate support emerges at Tuesday’s low of $0.1463. A break below this level could expose PI to further weakness and potentially retest its all-time low near $0.1310.As long as support holds and exchange reserves continue falling, traders may keep watching for signs of a bullish breakout above the $0.1550 resistance zone.The post Pi Network holds above $0.1500 as exchange outflows hint at recovery appeared first on CoinJournal.

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Ondo Finance token is down 4% after Nathan Allman’s death announcement.Ian De Bode officially takes over as Ondo Finance CEO.Ondo TVL holds above $2.67 billion amid market uncertainty.ONDO token fell nearly 4% over the past 24 hours after news emerged that Ondo Finance founder Nathan Allman had passed away unexpectedly.The token traded around $0.421 at the time of writing, down from an intraday high of $0.444.Trading activity also increased sharply, with daily volume climbing to more than $229 million as investors reacted to the development.The decline interrupted what had been a strong recovery period for ONDO.The token had gained close to 62% over the past 30 days, supported by growing interest in real-world asset (RWA) tokenisation and expanding institutional involvement in blockchain-based financial products.What caused Nathan Allman’s death?Ondo Finance confirmed that Nathan Allman died unexpectedly on May 26, 2026. However, the company did not disclose the cause of death.The lack of details led to widespread speculation across the crypto community, though Ondo leadership requested privacy for Allman’s family and close associates.Several major figures in the digital asset industry publicly shared tributes following the announcement.Former Binance CEO Changpeng Zhao was among those who reacted publicly, alongside Mantle and Compound founder Robert Leshner.Messages from industry participants described Allman as one of the key figures driving institutional adoption of tokenised assets.Allman became widely associated with the idea that blockchain technology could modernise capital markets through around-the-clock settlement and easier global access to financial products.Under his leadership, Ondo Finance established relationships with institutions including JPMorgan Chase, Franklin Templeton, Broadridge Financial Solutions, and BlackRock.Ondo Finance has become one of the biggest names in the tokenised treasury market over the past two years.The platform currently holds more than $2.67 billion in total value locked, placing it among the leading projects focused on bringing traditional financial products onto blockchain networks.Allman played a central role in that growth. Before launching Ondo Finance in 2021, he worked on Goldman Sachs’ digital assets team and previously had experience in private credit investing. He later built Ondo into one of the most recognised real-world asset platforms in the crypto sector.The company’s products include OUSG, which offers tokenised exposure to short-term US Treasuries, and USDY, a yield-bearing digital dollar product backed by treasury assets.Ondo also expanded into tokenised equities infrastructure through Ondo Global Markets.Ian De Bode named Ondo Finance CEOOndo Finance moved quickly to address leadership concerns by naming Ian De Bode as the company’s new CEO.It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo's founder. Our hearts are with his family and loved ones.Nate’s brilliance, humility, and drive shaped every part of what Ondo is today. His belief in the power of technology to create a…— Ondo Finance (@OndoFinance) May 25, 2026De Bode previously served as Ondo’s president and had already been overseeing strategy, product development, and operations for more than two years before the transition.His background includes work at McKinsey’s digital assets division, giving him direct experience in institutional blockchain adoption and financial infrastructure.The company stated that its long-term roadmap would continue without changes despite the leadership shift.That message appeared aimed at calming investors and institutional partners following the sudden news.What to expect in the coming daysDespite the sharp emotional reaction from the community, ONDO’s price movement remained relatively controlled compared to previous major crypto leadership events.The coming days will likely focus on whether ONDO can maintain support above the $0.40 range as markets digest the leadership transition.Short…

RENDER surged 18% to $2.35 on strong volume and activity.Wallet growth, open interest, and EMA breakout drive momentum.Break below $2.18 support or above $2.50 resistance will define the next price direction.Render (RENDER) has recorded a sharp upward move, rising about 18.1% in 24 hours to around $2.35 and outperforming the broader crypto market.The rally is supported by a combination of stronger on-chain activity, rising derivatives demand, and a clear technical breakout that has shifted market momentum in its favour.Trading activity over the past 24 hours has increased significantly, with volume reaching nearly $295 million, showing that the move is backed by real participation rather than thin liquidity conditions.On-chain growth and derivatives activity fuel RENDER demandOne of the strongest drivers behind the recent move has been a noticeable increase in network usage.Daily active addresses have climbed to 394, marking a 12-week high, while new wallet creation has reached 118, also the highest level in the same period.📈 Render’s on-chain activity has seen a major breakout in late May, jumping back above $2.25 for the first time in over 4 months. Daily active addresses climbed to 394 in a single day with 118 new wallets created, both hitting their highest marks in 12 weeks. These two metrics… pic.twitter.com/gFJAl2ipJj— Santiment Intelligence (@SantimentData) May 26, 2026This increase in activity suggests that more users are interacting with the Render network during the price surge rather than after it.At the same time, derivatives markets have shown a sharp rise in speculative interest.Open interest has increased by 47%, while derivatives trading volume has surged by 126%, indicating a rapid buildup of leveraged positions.This combination of higher user activity and rising futures participation has strengthened the momentum behind the rally.The increase in both on-chain activity and derivatives positioning shows that the move is being driven by both real network engagement and speculative trading demand at the same time, a combination that often leads to faster price expansion phases in crypto markets.Descending triangle breakout strengthens bullish momentumThe RENDER token price has broken above a descending triangle pattern, a formation that typically signals a shift from downward pressure to upward momentum once resistance is cleared.RENDER priceIn addition, Render’s price is currently positioned above all major daily exponential moving averages, including the 10-day, 20-day, 50-day, 100-day, and 200-day EMAs.This full alignment of moving averages below the price indicates a strong bullish structure, where each previous resistance zone is now acting as potential support.Momentum indicators, however, show that the move is already stretched.The 14-day RSI is reading around 74, placing it in overbought territory.This RSI level has historically been associated with periods where profit-taking begins to build, especially after sharp short-term rallies.Market sentimentAlongside technical and on-chain signals, Render has also gained traction within broader market narratives.The token is among the top 10 most discussed AI-focused crypto projects, as attention around artificial intelligence (AI) and decentralised compute infrastructure continues to grow.The AI compute and DePIN (decentralised physical infrastructure networks) narratives have been key themes driving interest in Render, especially as traders rotate capital into projects linked to GPU rendering and distributed computing demand.This increased attention has contributed to faster inflows during breakout phases, reinforcing the upward price movement.RENDER price forecastLooking at the charts, short-term resistance is forming around the $2.37 to $2.38 region, which also represents a near-term pivot zone.If buying pressure continues and price holds above the breakout support area between $2.17 and $2.18, the next key upside level remains $2.50, which is viewed as the immediate technical target based on recent momentum…

RAIN coin price has surged 63% to $0.01318, setting a new ATH.$100M liquidity plan ahead of V2 and World Cup is fueling demand.Key support sits at $0.011, with $0.010 as the downside risk level.RAIN coin has recorded a sharp move in the past 24 hours, climbing 63.2% to $0.01324 and setting a new all-time high in the process.The token’s trading activity also picked up meaningfully, with 24-hour volume rising more than 50% to over $39 million, signalling active participation rather than a thin-liquidity spike.$100M liquidity plan is the main catalystThe biggest driver behind RAIN’s move is a $100 million liquidity commitment tied to the upcoming Rain V2 protocol upgrade and expansion into event-driven markets ahead of the FIFA World Cup cycle.According to details released by Rain Foundation, the liquidity package is split evenly into $50 million in USDT and $50 million in RAIN tokens.This structure is designed to deepen trading pools and improve execution quality for users interacting with prediction markets on the platform.The funding is also positioned to support market-making activity ahead of expected demand spikes tied to global sporting events.The announcement also framed Rain as moving into a stronger competitive position within the sector, claiming it would rank among the top three prediction markets globally by total value locked (TVL), alongside established platforms such as Polymarket and Kalshi.That positioning has added weight to the current rally, as traders increasingly price in a larger role for Rain in the prediction market sector heading into the V2 rollout.Technical breakout confirms strong buying pressureBeyond the fundamental catalyst, RAIN’s price action shows a clear technical breakout pattern.The token moved from below the $0.008 region to above $0.013 within a short window, breaking through its previous all-time high near $0.01195 set on May 26, 2026.The rally suggests aggressive buying rather than gradual accumulation.Price acceleration occurred in stages, with early resistance levels failing to hold once liquidity expanded into the market following the announcement.RAIN coin price forecastRAIN coin is now trading in a stretched but strongly trending structure after breaking into new all-time highs.The key technical level to watch on the downside is $0.011, which is the immediate support zone following the breakout.If price continues to hold above that level with sustained volume, the next short-term resistance area sits around $0.0125, which aligns with recent intraday congestion during the breakout phase.A stronger continuation move would require the market to maintain momentum above the current high region near $0.013, particularly if liquidity deployment updates from Rain Foundation are confirmed in the coming sessions.On the downside, a clean break below $0.011 would weaken the current structure and open the door for a pullback toward $0.010, where earlier consolidation took place before the breakout accelerated.The post Why did RAIN coin jump 60% to a new record high today? appeared first on CoinJournal.

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South Korean prosecutors charge 5 people in a CATFI memecoin rug pull case.About 256 investors lost roughly $650K after the CATFI token crashed.CATFI token surged 1,000x before liquidity was drained and the price collapsed.South Korean prosecutors have arrested and charged a group of individuals linked to the Solana-based CATFI memecoin over an alleged decentralised exchange (DEX) rug pull.The case marks the country’s first formal criminal action targeting a memecoin scam that unfolded entirely through a decentralised trading environment.According to a local news outlet, authorities say the operation affected hundreds of retail investors and generated substantial illicit gains before collapsing after a rapid price spike and liquidity drain.How the CATFI memecoin scheme unfoldedThe CATFI token was launched on Solana and traded primarily through decentralised platforms, including Pump.fun.Investigators allege that the operators positioned the token as a high-potential memecoin and used aggressive online promotion to attract early buyers.A key figure in the promotion reportedly used the alias “Eth Father,” presenting themselves as a credible community leader.This identity was used across social channels to build trust and encourage early participation in the token.Once liquidity and trading activity increased, prosecutors say the operators engaged in coordinated trading behaviour designed to simulate organic demand.This included wallet splitting and wash trading patterns that created the appearance of active market interest.At its peak, CATFI experienced a dramatic surge, reportedly increasing by more than 1,000 times in value within a short period.That rapid rise was followed by a sudden collapse after liquidity was withdrawn and large holdings were sold off, a structure consistent with what authorities describe as a classic rug pull.Arrests, charges, and financial impactThe Seoul Southern District Prosecutors’ Office Virtual Asset Crime unit led the investigation.Officials confirmed that two primary suspects were arrested, while five individuals in total were charged in connection with the scheme.Additional suspects are also being investigated for allegedly helping key figures evade arrest during the inquiry.The case is being prosecuted under South Korea’s Virtual Asset User Protection Act, which was recently introduced to address fraud and manipulation in the digital asset market.Authorities estimate that around 256 investors were directly affected by the CATFI collapse.Total losses are reported at approximately 900 million won, which is about 650,000 US dollars based on prevailing exchange rates.Investigators also identified roughly 400 million won, or about 260,000 US dollars, in illicit profits linked to the scheme.The investigation suggests that the operators extracted value through early liquidity positions and coordinated sell-offs, leaving late participants exposed to the sharp price reversal.Why this case is significant for South Korea’s crypto enforcementThis is the first known case in South Korea where prosecutors have pursued criminal charges specifically tied to a DEX-based memecoin rug pull.Unlike earlier enforcement actions that focused mainly on centralised exchanges or structured investment fraud, this case extends legal scrutiny directly into decentralised trading environments.The prosecution has made it clear that the use of decentralised platforms does not shield individuals from criminal responsibility.By applying the Virtual Asset User Protection Act to on-chain activity, authorities are signalling that token creators and promoters can be held accountable even when no centralised intermediary is involved.The CATFI memecoin case also highlights how quickly memecoin ecosystems can amplify both gains and losses.The token’s reported 1,000x surge drew in a large number of retail traders, but the subsequent collapse wiped out those gains almost immediately after liquidity was removed.With 256 confirmed victims and losses reaching hundreds of millions of won…

Avalanche’s network has reached a new record high in distributed RWA value.Data shows over $1.16 billion on-chain, boosted by BlackRock.AVAX price looks to hold $9.00 support amid this ecosystem growth.Avalanche price hovered $9.25 on Wednesday as bulls attempted to solidify the uptick from intraday lows of $9.10.The declines had put AVAX price down about 4% in the past 24 hours amid wider market weakness, with most altcoins shedding gains after Bitcoin briefly slipped below $75,000.While the pullback in BTC could continue to pressure altcoins, could AVAX bounce to above $10.00 as the project hits a new high in terms of distributed real-world assets?Avalanche RWA ecosystem sees sharp growthLatest data indicates that Avalanche’s RWA ecosystem has recorded fresh momentum this month, reaching a new milestone for distributed RWAs on-chain.Distributed RWAs represent assets that use the network as a distribution layer to enable investors to subscribe, hold, and manage tokenized securities or instruments through wallets or custodians.Rwa.xyz values Avalanche shared shows the metric has surpassed $1.16 billion, with the network posting roughly 58% growth in distributed RWA value over the past two weeks.Much of the uptick to increased activity from large institutional issuers and managers, notably BlackRock’s additional allocations to its USD Institutional Digital Liquidity (BUIDL) Fund.Avalanche ChartAvalanche distributed RWA assets. Source Avalanche on XSuch flows into Avalanche-based products have pushed capital onto the chain, attracted liquidity providers, and boosted ancillary services such as custody, compliance tooling, and secondary-market trading.As a whole, these services make Avalanche an appealing distribution layer for tokenization projects.Industry observers say the growth reflects a broader trend by which the global value of tokenized assets has expanded significantly over the last year as institutions race to capture efficiencies from programmable settlement and fractional ownership.AVAX price outlookThe AVAX token has struggled to recapture the momentum that pushed it to highs of $33 in late 2025.From a technical perspective, AVAX’s daily chart shows the token under short-term pressure.The Relative Strength Index (RSI) has edged lower toward neutral territory, signaling that momentum has weakened following the recent retracement. Avalanche Price Chart Avalanche price chart by TradingViewKey support levels to monitor include $9.00 and $8.30, which align with recent intraday lows.A deeper support band lies near $7.40, a level that would be tested if broader risk-off selling intensifies.On the upside, resistance could emerge around $10.40, where sellers previously capped rallies.The $12 area offers a more significant barrier tied to moving-average confluence and prior supply.What’s the near-term outlook?In the near term, AVAX’s direction is likely to remain correlated with BTC price action and institutional flows into Avalanche’s RWA products.Renewed buyer interest, particularly if institutional subscriptions continue, could propel a recovery toward resistance.Conversely, a sustained crypto-wide pullback would increase downside risk and test the supports outlined above.The post Avalanche hits RWA milestone as AVAX price holds key level appeared first on CoinJournal.

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Stellar and DTCC have partnered to bring tokenized securities on-chain.DTCC processed approximately $4.7 quadrillion in securities transactions last year.XLM price rose to above $0.16.Stellar’s native token XLM rose more than 8% after the Depository Trust & Clearing Corporation (DTCC) announced plans to connect its tokenised securities platform to the Stellar blockchain.The development comes as Bitcoin faces renewed downside pressure, and is being viewed as another sign of growing institutional interest in blockchain infrastructure built for real-world asset tokenisation.Stellar and DTCC announce tokenization partnershipThe DTCC, one of the world’s largest post-trade market infrastructure providers, said it will link its tokenized securities platform to the Stellar network in the first half of 2027.The partnership targets DTC-custodied assets, including Russell 1000 equities and US Treasuries, bringing large swathes of traditional securities onto-chain.DTCC processed approximately $4.7 quadrillion in securities transactions last year.Nadine Chakar, Managing Director and Global Head of DTCC Digital Assets, praised Stellar’s institutional credentials, saying Stellar’s “proven track record with institutional assets onchain is an important factor in our evaluation of blockchain networks. Its emphasis on compliance, transaction throughput, and low-cost operations meets our rigorous standards and will help ensure we’re ready for growth as usage of blockchain networks for real-world asset transactions increases.”The statement frames the collaboration as a measured step toward scalable, compliant tokenization of mainstream financial instruments.The arrangement positions Stellar as a candidate for high-volume, regulated token issuance and settlement.DTCC’s selection criteria, which include compliance features, throughput capacity, and cost-efficiency, mirror the operational demands of institutional markets.According to market observers, the development could encourage other market infrastructures to explore similar integrations.“Stellar’s proven compliance-minded architecture, open infrastructure, and risk management capabilities are aligned with market demands and expectations. Our network was built for this moment – we have always believed that blockchain’s utility for finance is to be the rail that institutional-grade markets can depend on,” said Denelle Dixon, CEO and executive director, Stellar Development FoundationXLM price jumps 8%Stellar price reacted positively to the announcement, with XLM rising roughly 8% to above $0.16.Gains in the past week now stand at over 13%.XLM Price Chart XLM price chart by CoinMarketCapThe intraday rally in Stellar (XLM) appeared to be driven in part by speculative flows as Bitcoin rebounded from intraday lows.The move also points to renewed investor interest in Stellar’s potential role within the institutional tokenisation market.From a technical standpoint, XLM has broken above a short-term resistance zone near $0.15, an area that previously acted as a swing high.Holding above this level would reinforce the view that fresh buying pressure is entering the market.The token has already retested intraday support following the breakout.A decisive close above the recent resistance zone could open the way toward higher horizontal supply levels.On the downside, failure to maintain the breakout may see XLM retreat toward key support areas defined by major moving averages, where buyers have previously emerged.The post XLM price jumps 8% as Stellar and DTCC partner to bring tokenized securities on-chain appeared first on CoinJournal.

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Bitcoin price fell to below $75,000 on Wednesday, touching $74,600.ETF outflows and broader market headwinds mean downside pressure remains.Analysts say the current price outlook includes a “dangerous divergence”.Bitcoin briefly dipped below the $75,000 mark on Wednesday, extending losses from recent highs.The decline came as selling pressure persisted and spot ETF outflows continued for a seventh straight session.BTC could rebound sharply if bulls establish sustainable support near current levels. Otherwise, analysts warn that further downside may follow amid a growing divergence between market optimism and actual capital inflows.The crypto bellwether traded around $75,175 at the time of writing, down 1.29% over the past 24 hours and nearly 3% lower for the week.Bitcoin tests support below $75kThe week started poorly for Bitcoin as recent gains toward $78,000 evaporated amid persistent geopolitical and macroeconomic headwinds.On Wednesday, BTC fell to an intraday low of $74,600 during Asian trading hours, testing a support zone that has intermittently held since the asset’s latest recovery.The move coincided with continued withdrawals from spot Bitcoin exchange-traded funds.According to SoSoValue, Bitcoin spot ETFs recorded net outflows of $334 million on May 26.The figure marked the seventh consecutive day of net redemptions, reinforcing downward pressure on price despite periodic spot-market buying.Bitcoin price outlook: analysts warn of “dangerous divergence”Market participants noted that Wednesday’s decline remained relatively orderly, with volatility lower than during previous sell-offs.Liquidity continued to cluster in the $72,000-$76,000 range, where buyers repeatedly emerged to absorb intraday selling pressure.Still, persistent ETF outflows and profit-taking from recent highs continue to tilt the near-term outlook to the downside.Analysts and on-chain researchers have also raised caution flags over weakening demand dynamics.Crypto investor and analyst Axel Adler Jr. shared concerns on X about what some market watchers describe as a “dangerous divergence” between rising optimism and fading capital inflows.Bitcoin took 5 weeks to rebuild its structure.It took 3 weeks to erase it.Structure Shift: +0.78 -> -0.56 STH flows flipped to loss-taking for the first time in 6 weeks.Now one level decides the next move:$74.5K.Floor or trapdoor?☕️ Morning Brief #178 👇… pic.twitter.com/92i4DG0sZ2— Axel 💎🙌 Adler Jr (@AxelAdlerJr) May 27, 2026That view was echoed by a CryptoQuant analyst, who argued that improving bullish sentiment has not been matched by fresh money entering the market.“This often reflects late-stage speculative behavior: traders become optimistic after a recovery, long positioning increases, but actual capital participation fails to expand,” crypto analyst @MorenoDV wrote.The analyst added that price strength built on weak inflows may remain vulnerable to sharp reversals.Meanwhile, analysts at Bitfinex said Bitcoin’s current reaction to ETF outflows differs from earlier market downturns.“The breakdown that took $BTC to 60k in February is not having the same impact on the market today. ETF outflows are running -$700M a day, close to the February prints that drove price from $100K to $70k. This time, the price is holding. An unidentified bid is absorbing it,” they wrote.From a technical perspective, Bitcoin now appears caught between the risk of a deeper retracement toward $70,000 and the possibility of renewed bullish momentum.If buyers regain control, recent highs in the $78,000-$83,000 range could come back into focus.The post Bitcoin retests support below $75,000 as downside pressure holds appeared first on CoinJournal.

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Bitcoin (BTC) is down to around $73K amid ETF outflows and geopolitical tension.Over $2B in ETF outflows and $900M liquidations added selling pressure.The key support sits at $72,650 with RSI near oversold levels at 34.82.Bitcoin slipped below the $73,000 level as a combination of geopolitical escalation, heavy ETF redemptions, and large institutional sell pressure weighed on the market.At the time of writing, Bitcoin was trading around $73,235, after briefly touching an intraday low of $72,604 from a high of $74,490.The decline has extended a multi-week decline that has already erased more than 8% over the past 14 days and nearly 33% over the last year.Geopolitical shock and forced liquidations accelerate the downtrendThe sharpest part of the decline came after renewed US military strikes on Iran, which triggered a broad risk-off reaction across global markets.Crypto assets were hit particularly hard due to their higher leverage exposure.During the selloff, more than $900 million in crypto positions were liquidated, according to market data compiled during the session.The liquidations were concentrated in over-leveraged long positions, which forced additional selling into already weakening order books.This cascade effect pushed Bitcoin below the $73,000 threshold and briefly accelerated downside momentum before stabilising within the day’s range.The move also coincided with increased correlation to traditional risk assets, with Bitcoin’s correlation to the Nasdaq Composite reported at 0.96, one of the highest levels seen in recent months.Bitcoin ETF outflows deepen institutional selling pressureAlongside macro-driven volatility, institutional flows added sustained pressure on Bitcoin’s price.Spot Bitcoin exchange-traded funds recorded eight consecutive days of net outflows, marking one of the longest negative streaks since their introduction.On May 27 alone, ETF outflows reached approximately $733 million, contributing to a broader net withdrawal exceeding $2 billion since mid-May.These redemptions reflect consistent selling pressure from institutional investors, reducing exposure during the recent downturn.The largest pressure point during the session was linked to a reported $1.3 billion institutional ETF-related block trade, involving approximately 29.2 million shares of BlackRock’s iShares Bitcoin Trust (IBIT), executed at an estimated price of $43.16 per share.The trade was reportedly processed through private market channels before the impact was reflected in spot markets.Following the execution, Bitcoin dropped roughly 1.4% to 1.5% within minutes, suggesting that liquidity conditions were thin enough for large orders to influence short-term pricing.This added to the existing ETF-driven selling momentum already in place across the market.Bitcoin price outlookOver the past month, Bitcoin has declined by about 4.7%, while the 14-day drop of 8.4% points to a broader downtrend that has steadily developed in recent weeks.The asset remains well below its highs, trading roughly 42% under the $126,080 peak recorded in October 2025.Even with the pullback, market activity has remained elevated, with daily trading volume above $44 billion, suggesting that both institutional and retail participants are still actively positioning rather than exiting the market entirely.This sustained activity suggests that the current move is being driven more by repositioning and flow shifts than by a drop in overall participation.From a technical perspective, Bitcoin has broken below its 20-day, 50-day, and 100-day moving averages, reinforcing a bearish short-term structure.Bitcoin price chartThe immediate focus is now on the $72,650 support level, which represents the most recent swing low and the key area separating consolidation from deeper downside pressure.On the upside, the nearest resistance is the 50% Fibonacci retracement level at $74,332, which has now become the first meaningful barrier for any recovery attempt.If ETF outflows continue or geopolitical tensions remain elevated, a decisive…

HYPE up 38% in two weeks as ICE confirms talks with Hyperliquid.Hyperliquid’s daily trading volume has surpassed $1 billion.ICE’s CEO, Jeff Sprecher, said Hyperliquid is “bigger than Nasdaq.”The price of Hyperliquid (HYPE) has continued its strong rally after fresh comments from Jeff Sprecher confirmed that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is in discussions with the Hyperliquid decentralised trading platform.HYPE climbed to $62.62 on Friday, marking a 9.2% gain over the past 24 hours.The token briefly traded as high as $63.25 during the session and remains close to its all-time high of $64.44 reached earlier this week on May 26.Notably, the latest move extends a broader rally that has pushed HYPE up 38.3% over the past 14 days and 55.1% over the last month.Over the past year, the token has surged more than 80%, making it one of the strongest-performing large-cap crypto assets in the derivatives sector.ICE CEO acknowledges Hyperliquid’s rapid growthThe rally accelerated after Sprecher addressed Hyperliquid during the 42nd Annual Bernstein Strategic Decisions Conference held on May 27.The ICE Founder, Chairman and CEO acknowledged the platform’s rapid growth and said the company is actively studying the market.“This Hyperliquid we’re referencing—for those who haven’t heard of it yet, it’s already bigger than Nasdaq,” Sprecher said during the conference. “We’re not intimidated by it at all. In fact, we’re in talks with them now and working to get a clearer understanding of this space.”The remarks marked one of the clearest signs yet that major traditional exchange operators are paying close attention to decentralised derivatives platforms.ICE and CME increase focus on decentralised derivativesHyperliquid has become one of the fastest-growing crypto trading platforms over the past year, largely due to strong activity in perpetual futures markets.The platform has attracted traders looking for on-chain leverage trading without relying on centralised exchanges.Recent figures from DefiLlama show the protocol now holds approximately $5.524 billion in total value locked, while daily trading volume has crossed $1 billion.Its native token’s fully diluted valuation has also climbed to nearly $60 billion as investor interest in decentralised trading infrastructure continues to grow.At the same time, ICE and CME Group have reportedly increased discussions with regulators regarding oversight of decentralised derivatives platforms, including Hyperliquid.The concerns centre on commodity-linked perpetual contracts, anonymous trading activity, and the possibility that offshore decentralised markets could influence traditional benchmark pricing systems.One area receiving attention is Hyperliquid’s oil-linked perpetual products.Traditional exchange operators are reportedly concerned that growing liquidity in decentralised commodity contracts could eventually affect price discovery mechanisms that have historically remained under-regulated futures exchanges.Despite those concerns, ICE’s latest comments suggest the company is not treating Hyperliquid purely as a competitor.Instead, the ICE operator appears to be evaluating how decentralised trading infrastructure could fit into broader financial markets as tokenised assets and blockchain-based settlement systems continue to expand.Earlier this week, CME Group also announced plans to launch futures products tied to GPU compute pricing in partnership with Silicon Data.CME CEO Terry Duffy described compute power as “the new oil of the 21st century,” highlighting how traditional exchanges are increasingly looking beyond conventional commodities.The post HYPE token price surges as NYSE parent ICE explores Hyperliquid partnership appeared first on CoinJournal.

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Hedera coin price has jumped past $0.091 on a 10.5% daily rally with rising volume.Enterprise news and BrandBoost adoption are boosting Hedera demand.The $0.10428 resistance is key for confirming further upside momentum.The latest move in Hedera (HBAR) has drawn renewed attention to its short-term technical setup after the token climbed more than 10% in 24 hours, reaching an intraday high of $0.09506.The rally was accompanied by a sharp increase in trading activity, with volume rising to more than $345 million over the same period.The gains have pushed HBAR above recent consolidation levels, breaking out of the relatively narrow trading range that had contained price action in recent sessions and signalling a potential shift in short-term momentum.Enterprise developments driving Hedera price momentumOne of the key catalysts behind the recent rally in Hedera (HBAR) has been reports surrounding a strategic development involving the Hedera Governing Council and the Hyperledger Fabric ecosystem.According to industry reports, the initiative involves intellectual property associated with Hyperledger Fabric, originally backed by the Linux Foundation, with plans to make it available as open-source software for broader enterprise adoption.Market participants have interpreted the development as a potential step toward expanding the use of Hedera Hashgraph in enterprise environments, particularly among organisations already operating permissioned blockchain systems.The prospect of connecting established enterprise frameworks with Hedera’s distributed ledger technology has been a recurring theme in recent market sentiment.At the same time, investor attention has been boosted by speculation around a potential ETF and ongoing enterprise relationships involving companies such as Accenture and FedEx.Together, these developments have reinforced the narrative that Hedera is increasingly positioning itself as enterprise-focused infrastructure rather than a project driven primarily by retail cryptocurrency cycles.BrandBoost loyalty platform launchAnother key development linked to sentiment around the HBAR price is the rollout of the BrandBoost Loyalty Platform by Hashgraph Group.The platform is designed to support real-time customer engagement through gamified loyalty systems, token-based rewards, and AI-driven interaction layers.BrandBoost is built to function on Hedera’s distributed ledger infrastructure, and it focuses on industries such as media, entertainment, telecom, and sports.The system allows brands to issue digital rewards that can be earned and redeemed through user activity, which introduces a more interactive form of enterprise loyalty compared to traditional point-based systems.The Hashgraph Group has also integrated additional technologies such as decentralised identity tools and wallet infrastructure to support these systems.Reports linked to early deployments, including pilot testing with a Latin American satellite TV provider, suggest that enterprise experimentation is already underway rather than purely theoretical.This expansion of real-world use cases has strengthened market interest in Hedera’s long-term ecosystem development, especially as it ties into consumer-facing applications rather than backend-only infrastructure.Technical breakout adds fuel to Hedera coin price movementBeyond fundamental catalysts, the recent move in the Hedera coin price also reflects a clear technical breakout from a multi-week bearish pattern.Hedera coin price analysisHBAR price chartShort-term support has formed around $0.08500, with another closely watched level at the 23.6 Fibonacci level retracement, $0.08744, after the January-February dip.On the upside, the first major resistance sits at $0.09675, followed by a more significant level at $0.10428, which has repeatedly been identified as a breakout confirmation zone.Notably, volume expansion during the breakout has been one of the key signals supporting the recent move, especially as the HBAR price pushed away from its recent range low.The…

Litecoin price has bounced as RSI nears oversold conditions.Nexus Wallet added gift card payments and privacy upgrades for LTC use.LitVM speculation and $53.30 resistance shape near-term price direction.Litecoin (LTC) traded around $51.54 on Friday morning, posting a roughly 2% gain over 24 hours, according to CoinGecko.The modest advance came while Bitcoin remained mostly flat, making Litecoin one of the better-performing large-cap cryptocurrencies in the short term.However, despite the daily rebound, the broader trend remains under pressure, with LTC still down nearly 47% over the past year.Recent Litecoin price action has been influenced by a combination of technical positioning and renewed attention around ecosystem developments, particularly the Nexus Wallet upgrade and ongoing speculation surrounding LitVM.Nexus Wallet update strengthens payment narrativeRecent developments in the Litecoin ecosystem, particularly the Nexus Wallet update linked to the Litecoin Foundation, have drawn increased market attention.The update introduces a more integrated spending experience for Litecoin holders, most notably through direct in-app gift card purchases using LTC.This removes the need for external platforms or additional conversion steps, streamlining real-world crypto payments.The wallet also builds on existing payment infrastructure, including integrations with Flexa, which enables in-store crypto payments across supported merchants.Together, these features position Nexus Wallet as a broader spending tool rather than simply a storage solution.The update also includes privacy enhancements. The wallet supports MWEB (MimbleWimble Extension Block) transactions for optional private transfers, alongside Tor routing for additional network-level privacy.This setup allows users to choose between transparent and private transactions based on preference.Market participants have largely viewed these upgrades as incremental improvements to Litecoin’s payment utility rather than immediate price catalysts.Still, the developments reinforce the broader narrative that Litecoin continues to position itself as a transactional asset rather than purely a speculative token.LitVM speculation adds optimismAlongside wallet-related utility improvements, speculation surrounding the upcoming Litecoin Virtual Machine (LitVM) has also supported sentiment.LitVM is described as an EVM-compatible zero-knowledge Layer-2 system designed to expand Litecoin’s smart contract capabilities.Although no official mainnet launch timeline has been confirmed, ongoing community discussions have kept the narrative active.At this stage, LitVM’s impact remains more psychological than structural. It has not yet produced measurable on-chain changes, but it has helped sustain investor attention during a period of otherwise limited fundamental catalysts.Technical analysisLitecoin has been trading within a relatively tight range, with intraday price action fluctuating between $50.56 and $51.99.The recent rebound was accompanied by increased trading activity, suggesting the move was not driven solely by low-volume volatility.On the upside, traders are monitoring the $53.30 level as the next key resistance zone, a level highlighted by market commentator cryptoWZRD_.A decisive move above that area would likely be needed to signal a transition from range-bound trading toward a stronger recovery phase.On the downside, a break below $51.90 could expose LTC to further weakness toward the $50.34 region, which traders view as the next key liquidity zone.Outlook: range-bound market awaiting confirmationLitecoin’s current setup reflects a market balancing technical structure against narrative-driven catalysts.The $51.90 level remains an important support threshold for maintaining the recent rebound, while resistance near $53.30 continues to represent the next major test for bullish continuation.Until either level is decisively broken, Litecoin is likely to remain in a consolidation phase driven primarily by short-term trading flows.While wallet…

Chainlink (LINK) trades near $8.92 with a 7-day drop of ~9.7%.Mastercard deal boosts adoption, but the trend stays technically bearish.The $9.02 resistance and $8.85 support define the next move.Chainlink has remained in a persistent downtrend over recent weeks, falling roughly 9.7% over the past seven days and about 43.8% over the past year.The token is currently trading near $8.92, holding within a tight 24-hour range between $8.81 and $9.06.Although short-term price action shows a modest recovery of around 1% over the past 24 hours, the broader trend remains under pressure.Against this backdrop, a new partnership with Mastercard has drawn attention from traders and institutional participants.The partnership introduces a fiat-to-crypto gateway designed to route traditional card payments directly into on-chain protocols.The system allows Mastercard’s global user base to purchase digital assets without relying on centralized exchanges as intermediaries.Instead, transactions are processed through a compliance-focused routing engine that connects Mastercard’s payment rails with Chainlink’s infrastructure and a network of fintech providers.The development has raised questions about whether it could improve long-term sentiment around LINK, particularly as technical indicators continue pointing to weakness.Institutional integration meets early accumulation signalsAlthough price action has remained weak, on-chain and institutional data present a more nuanced picture.Wallet data from Santiment shows that addresses holding at least 100,000 LINK have risen to 805, marking an 8.2% increase over seven weeks.The steady growth suggests that larger holders have continued accumulating during the downturn rather than reducing exposure.At the same time, ETF-related flows have added another layer of interest, with approximately $984,000 in inflows recorded on July 28.While the figure is not large enough to materially shift price direction on its own, it suggests institutional participation has not fully disappeared during the broader decline.Another structural factor is the Chainlink Reserve, which recently accumulated 132,002.92 LINK valued at more than $1.1 million.That brought total reserve holdings to roughly 3.91 million LINK.The reserve is funded through a combination of enterprise revenue and on-chain service usage, creating a recurring mechanism that gradually absorbs supply over time.Taken together, these developments suggest that while the broader market trend remains bearish, accumulation is occurring across multiple channels.Technical structure still controlled by sellersDespite improving institutional and ecosystem narratives, technical indicators continue reflecting a dominant downtrend.According to market analysis from Coinlore, Chainlink currently shows 13 sell signals, 3 buy signals, and 7 neutral readings across 23 indicators.Moving averages also remain firmly bearish, with all major daily exponential moving averages (EMAs) — including the 10, 20, 50, 100, and 200-day EMAs — positioned above the current price.That alignment indicates the broader trend has not yet shifted in favor of buyers.Chainlink price analysisThe Relative Strength Index (RSI) stands near 38.41, remaining in neutral territory rather than deeply oversold conditions.This suggests selling pressure has eased somewhat, but momentum behind a sustained reversal remains limited.Price structure also highlights several key technical levels.Initial resistance is positioned near $9.02, followed by $9.19. A stronger resistance zone sits around $9.82, which aligns with a key Fibonacci retracement level.On the downside, support is located near $8.85, followed by a lower structural level around $8.79. A break below that range would likely extend the current downtrend.Can the Mastercard partnership change the trend?The Mastercard integration represents a structural shift in how users interact with blockchain networks.By enabling direct fiat-to-on-chain routing, the system reduces friction between traditional payment infrastructure…

Bitcoin held near $73,000 but risks crashing lower as risks linger.Spot Bitcoin ETFs saw net outflows of $229 million for a nine-day negative streak.On-chain metrics show whale balances flat for months, signaling reduced accumulation.Bitcoin traded near $73,200 on Thursday after failing to sustain a rebound amid broader cryptocurrency selling.While BTC struggled, US stock futures edged slightly higher following reports of a potential US-Iran agreement to reopen the Strait of Hormuz, easing some geopolitical risk and supporting broader risk assets outside the crypto market.Bitcoin’s ETF outflows extend negative streakSpot Bitcoin exchange-traded funds continued to see withdrawals, extending a record nine-day streak of net outflows.US spot Bitcoin ETFs recorded net redemptions of $229 million on May 28, bringing weekly net outflows to roughly $1.3 billion.According to SoSoValue data, this would mark the third consecutive week of capital leaving BTC investment products.Notably, the sustained outflows have coincided with price pressure on Bitcoin, undermining short-term liquidity and market sentiment.On-chain analytics add further nuance to the picture. CryptoQuant data indicates that major Bitcoin holders have halted accumulation.Dolphin balances, representing mid-sized holders, have printed successive lower highs since September 2025, while whale balances have remained largely flat since February 2026.Historically, when both cohorts simultaneously pause or reduce accumulation, the market often experiences prolonged weakness as demand at higher price levels fades.What next for Bitcoin price?Analysts continue pointing to a mix of technical, options-market, and on-chain signals to assess Bitcoin’s near-term direction.Glassnode observed that Bitcoin recently retested the $75,000 “strike,” a high gamma zone where options positioning can amplify price moves. This contributed to the pullback below $73,000, with BTC briefly falling near $72,500.According to Greeks.live, the selloff occurred ahead of a major options expiry.May 29 Options Expiration Data84,000 BTC options expired, with a put-call ratio of 0.88, a maxpain point of $75,000, and a notional value of $6.2 billion.
639,000 ETH options expired, with a put-call ratio of 0.81, a maxpain point of $2,200, and a notional value of $1.28… pic.twitter.com/NNnFMy3tgx— Greeks.live (@GreeksLive) May 29, 2026Analysts continue pointing to a mix of technical, options-market, and on-chain signals to assess Bitcoin’s near-term direction.Glassnode observed that Bitcoin recently retested the $75,000 “strike,” a high gamma zone where options positioning can amplify price moves. This contributed to the pullback below $73,000, with BTC briefly falling near $72,500.According to Greeks.live, the selloff occurred ahead of a major options expiry.The on-chain analytics provider noted that the decline failed to fully extend after at-the-money implied volatility (ATM IV) briefly spiked during the drop, while longer-dated implied volatilities eased. This suggests many market participants still view the move as contained rather than the beginning of a broader structural trend reversal.Despite this, risks remain asymmetric. Options markets continue implying the potential for larger moves than spot markets have so far produced, leaving room for renewed volatility around expiries and macroeconomic developments.“The market’s next focus is on whether capital will flow back in, and whether BTC can reclaim $75,000 and ETH can retake $2,100. The settlement appears more like a “bearish unwinding”—large positions have expired—but the fact that both BTC and ETH are trading below their key resistance levels indicates that the dominant force this week has not been chasing rallies, but rather risk aversion and a retreat by longs. The market’s bullish sentiment is currently very fragile,” analysts at Greeks.live noted.Technically, analysts have identified $70,000 as a key downside level.Bitcoin Price ChartBitcoin chart by TradingViewA break below that zone could trigger…

DEXE rose more than 11% intraday to trade above $19.16, with a 32% weekly gain.Daily trading volume climbed about 38% to nearly $40 million, suggesting accumulation.Technical support sits at $15, while bulls could target $24 or higher next.DeXe (DEXE) rallied sharply on Friday, climbing toward the $20 mark as buying pressure intensified across major exchanges.The spike in volume and a string of weekly gains have drawn renewed attention from traders and analysts, who are assessing whether the asset can extend its advance or if profit-taking will cap further upside.DeXe price rises 11% amid volume spikeDeXe price jumped more than 11% to trade above $19.16 after a strong intraday advance, propelling DEXE onto CoinMarketCap’s list of top weekly movers.The token’s 24-hour performance contributed to a one-week rally that saw DeXe gain roughly 32%, placing it among the market’s notable gainers.Other top performers included Stellar (+42%), Humanity (+23%), and Injective (+21%). DeXe has also climbed more than 58% over the past month.The latest gains coincided with a notable increase in on-chain and exchange activity, with daily trading volume rising roughly 38% to around $40 million.The surge in volume suggests growing accumulation, with buyers stepping in at key levels.The combination of rising prices and stronger trading activity supports the case for continued near-term momentum and positions DEXE to challenge higher resistance zones if bullish sentiment persists.DEXE price analysisThe technical outlook for DeXe shows the token testing levels last seen in March 2025, marking a return to multi-month highs.Moving averages continue to support the broader uptrend. The 50-day simple moving average (SMA) is currently acting as a dynamic support level, while the 100-day SMA sits lower and provides a deeper technical cushion for holders.Key resistance remains near $20, followed by a more significant barrier around $24. These zones could attract profit-taking from short-term traders and may act as hurdles for further upside.DeXe PriceDeXe price chart by TradingViewOn the downside, initial support is located near $15, a level that aligns with previous consolidation and areas of intraday demand.Stronger support is positioned near the 50-day SMA around $12.84 and the 100-day SMA near $9.17. A sustained decline toward those levels would signal weakening bullish momentum and could trigger increased selling pressure.For bulls to maintain control, DEXE would need to close decisively above the $20 resistance area while sustaining elevated trading volume, reducing the risk of a rapid retracement.However, if the token fails to break above $20 and sellers regain control, the rally could lose momentum quickly.A rise in sell-side volume would increase the likelihood of a pullback toward the $15 support zone. The post DeXe price eyes $20 amid significant buy volume – can bulls sustain momentum? appeared first on CoinJournal.

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Toncoin price jumped as Bitcoin revisited support below $72,000.Bulls took advantage of Telegram-related news of a rebrand to GRAM token to push TON above $2.27.If buyers dominate, Toncoin could edge past $3.00 next.Toncoin rose by nearly 20% and touched highs of $2.27 on Monday, June 1, as traders digested a surprise rebrand announcement from Telegram’s founder.The gains for TON came even as Bitcoin and major altcoins fell sharply amid institutional capital outflows.BTC slid to lows near $71,380 after news that Strategy had sold 32 BTC, its first sale since 2022.Toncoin’s uptick signalled persistent market interest in the Telegram-backed TON blockchain despite broader market weakness.Toncoin price gains amid GRAM rebrand newsDouble-digit gains in TON’s price followed an announcement that the native token of the TON blockchain will be rebranded from Toncoin to “Gram.”The move, expected to be completed over the next three weeks, will restore a name Telegram had previously abandoned under regulatory pressure from the US Securities and Exchange Commission.“Gram was the original name of TON’s currency in the first white paper,” Durov wrote. “We’re returning to our roots — and starting a new chapter. This rebranding will pave the way for what comes next.”The rebrand is part of a “Make TON Great Again” roadmap the company recently published, which includes deeper operational involvement by Telegram.As part of that plan, Telegram disclosed its intent to become TON’s primary validator.Investors view this as a shift that could materially affect network security and on-chain activity.A community vote on the move is live.Toncoin (TON) -> Gram (GRAM)Community vote is live.Since Telegram took a leading role in TON's development, the chain got 10× faster, fees 6× lower. And now Telegram proposes one more change: renaming Toncoin to Gram – the name from the original TON White Paper that never…— TON 💎 (@ton_blockchain) June 1, 2026As was the case then, Toncoin price rose on Monday as market participants reacted to the rebrand news.Many see this as a signal of renewed institutional and consumer alignment between Telegram’s user base and TON’s native token.Telegram serves more than 950 million users worldwide; tying the token more directly to the platform increases the potential utility and distribution vectors for Gram, from in-app payments to token-based services and developer integrations.Traders interpreted the announcement as positive for token demand, prompting the swift price appreciation even as macro-driven selling pressured broader crypto markets.Toncoin price outlook: Is a new all-time high next?Technically, TON’s daily chart shows bullish momentum but with caveats.The relative strength index (RSI) on the weekly timeframe has climbed to 57, indicating strong buying pressure but approaching overbought territory.The MACD histogram remains positive, with the MACD line above the signal line, suggesting trend continuation in the short term.These indicators together point to momentum that could extend the rally while warning that a pullback or consolidation is possible if momentum exhausts.Toncoin Price ChartToncoin price chart by TradingViewKey levels to watchIf TON holds above the $2.10 support established during Monday’s session, the next near-term resistance zone sits around $3.00.As the chart shows, this is a level above which bulls could target traction towards $3.70 (100SMA) and then $6.00. TON’s all-time high is above $8.On the downside, a decisive breakdown below $2.00 would increase the likelihood of a deeper retracement.If bears breach lower support levels, losing $1.90 could significantly impact the probability of an immediate push toward previous highs.Given broader market volatility and ongoing institutional flows, traders should monitor on-chain activity and Telegram’s next operational moves for confirmation that the rebrand materially increases utility and adoption.The post Toncoin price soars as Telegram eyes TON’s rebrand to GRAM appeared first on CoinJournal.

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Bitcoin price has dipped to under $70,000 for the first time since early April.Negative triggers include ETF outflows, corporate sales, and large on‑chain transfers.With macro and geopolitical volatility persisting, bulls may struggle to reclaim recent highs.Bitcoin price dipped below the $70,000 mark early Tuesday, slumping more than 4% in the past 24 hours amid rising negative sentiment across the crypto market.The losses intensified after Monday’s slide, which was due to fresh capital flight from exchange-traded funds and a market reaction to Strategy’s BTC sale.Bitcoin dips under $70k amid $4 billion ETF outflowsBitcoin’s retreat beneath $70,000 on Tuesday marks a notable deterioration in market confidence after the cryptocurrency reached intraday highs above $82,800 in April.Since then, Bitcoin has struggled to recapture momentum amid a confluence of macroeconomic and geopolitical headwinds, including volatility in risk assets tied to the US‑Iran conflict.The bellwether token dropped to about $71,300 on Monday before extending losses to dip below $70,000.Per CoinMarketCap, the benchmark digital asset touched lows of $69,300 across major crypto exchanges. The intraday lows mark levels not seen in nearly two months.Market analysts have pointed to accelerated institutional outflows as a key driver.According to SosoValue data, spot Bitcoin ETFs have recorded more than $2.43 billion in outflows over the past month, with roughly $483 million withdrawn on Monday alone.Those flows contributed to a weekly streak that pushed total spot ETF redemptions above $1 billion, and aggregate outflows have now surpassed the $4 billion threshold since May 11, 2026.The sustained withdrawals have heightened selling pressure and reduced the speed of any recovery.Why else did Bitcoin price dump?Compounding concerns, corporate and on‑chain moves are drawing attention.Strategy, previously the largest corporate holder of Bitcoin, sold 32 BTC in May, prompting market participants to reassess supply-side risk.On Tuesday, on‑chain monitoring showed Mt. Gox transferred 10,306 BTC, worth more than $731 million, to new addresses.BREAKING: Mt. Gox just transferred 10,306 $BTC($731M) to a new wallet!https://t.co/toejNooaei pic.twitter.com/HzWU9REWCw— Lookonchain (@lookonchain) June 2, 2026CryptoQuant analysts observed that similar transfers have historically accompanied creditor repayments and distribution preparation and “did not lead to immediate selling pressure,” but the timing amid heavy ETF outflows amplified unease across trading desks.BTC price outlook – is a deeper crash next?From a price action point of view, it’s possible that the recent weakness exposes bulls to the risk of an extended slide. Currently, the coin is testing the 200-week EMA, below which a deeper crash could follow.Bitcoin PriceBitcoin price chart by TradingViewNotably, Bitcoin has lost over 12% in the past month, and a breach below the $65,000 zone would reopen March 2026 lows.BTC dropped to $64,955 in March, and fear will likely trigger further short‑term liquidation events.Conversely, a reclaim of key intraday support around $71,500 would be required to shift momentum back to buyers and set targets near $75,000 and $77,500. The 100-week EMA currently sits around $81,830.The post Bitcoin crashes below $70K as ETF exodus and Mt. Gox fears intensify appeared first on CoinJournal.

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Key takeawaysHYPE hit a new all-time high of $75 on Tuesday, driven by rising institutional demand amid broader market weakness.Grayscale has advanced plans to launch its spot Hyperliquid ETF HYPG this week.Hyperliquid’s native token, HYPE, surged to a new all-time high of $75.52 on Tuesday, extending its recent rally as growing institutional interest and expanding ecosystem activity continue to drive demand.Grayscale to launch a Hyperliquid ETFA key catalyst behind HYPE’s latest gains is increasing competition in the exchange-traded fund (ETF) market. Grayscale is preparing to enter the race with a spot Hyperliquid ETF after filing an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC).Bloomberg ETF analyst James Seyffart noted that the amendment suggests the fund could launch in the near future, potentially within days. The proposed ETF will trade under the ticker HYPG and carry a management fee of 0.29%, undercutting competing products.Institutional appetite for HYPE has already been demonstrated by the success of Bitwise’s Hyperliquid ETF, BHYP. The fund attracted roughly $20 million in inflows on Friday, marking its largest single-day inflow since launch.After just 11 trading days, BHYP has surpassed $100 million in assets under management (AuM), supported by cumulative inflows of $81.8 million. The ETF has also generated average daily trading volumes of $35.1 million.Bitwise has further aligned itself with the Hyperliquid ecosystem by committing to hold 10% of its annual management fees in HYPE tokens on its balance sheet for at least 12 months.According to onchain analytics platform Lookonchain, Bitwise purchased an additional 336,474 HYPE tokens, valued at approximately $24.4 million, over the past 24 hours.The latest acquisition highlights continued institutional accumulation as investors seek exposure to the rapidly growing Hyperliquid ecosystem.Hyperliquid price outlook: HYPE retraces after reaching a new all-time highDespite reaching a record high of $75.52 earlier in the day, HYPE was trading at $72.28 at the time of writing, up by 1% over the previous 24 hours. However, the token remains one of the strongest-performing digital assets as institutional adoption and ETF-related demand continue to accelerate.The RSI of 65 shows that HYPE is bullish but is yet to enter the overbought region, creating room for further growth.If the bullish trend persists, HYPE could extend its rally and create a new all-time high around the $80 level.HYPE/USD 4H ChartHowever, if the pullback extends, HYPE could retest the Sunday low of $67. An extended bearish trend could see HYPE drop below $60 for the first time since May 28.The post HYPE hits new ATH as ETF momentum and institutional demand fuel rally appeared first on CoinJournal.

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Key takeawaysXRP has dropped below $1.25 after three straight days of losses, its lowest level since February 6.The bearish performance comes as the broader crypto markets remain under pressure from geopolitical tensions. Ripple’s XRP has dropped below the $1.25 support level on Tuesday after extending losses for a third consecutive day, marking its weakest price since February 6. The broader cryptocurrency market continues to face selling pressure as investors adopt a risk-off stance, driven by escalating geopolitical tensions in the Middle East.Although U.S. President Donald Trump suggested that a peace deal with Iran could be reached “over the next week,” uncertainty persists. A CNN report also indicated that negotiations between the two countries resumed shortly after Iran paused talks following Israel’s offensive in Lebanon, further contributing to market volatility.Mixed capital flows show continued institutional interest in XRPDespite the price decline, XRP continues to attract institutional inflows across digital investment products, including U.S.-listed spot exchange-traded funds (ETFs).According to CoinShares, roughly $20 million flowed into XRP-related products in the week ending June 1, making it one of only a few assets to record meaningful inflows above $1 million.At the ETF level, XRP spot products recorded $4.13 million in net inflows last week, extending a five-week streak of positive flows. Cumulative inflows have reached approximately $1.43 billion, with total net assets under management standing at $1.11 billion, according to SoSoValue data.XRP technical outlook: bearish pressure builds below key moving averagesXRP is currently trading around $1.23, remaining below its key short-, medium-, and long-term moving averages, reinforcing a bearish near-term structure.Momentum indicators also reflect continued downside pressure. The MACD histogram remains negative, while the Relative Strength Index (RSI) sits near 37, approaching oversold territory but still indicating persistent bearish momentum.If the bulls regain control, immediate resistance is seen at the 50-day EMA around $1.38, followed by the 100-day EMA near $1.45. A stronger rebound would require a break above a descending trendline near $1.52. A broader trend reversal would only be signaled if XRP can reclaim the 200-day EMA around $1.65.XRP/USD 4H ChartWhile institutional inflows continue to provide underlying support, XRP remains under pressure from broader macro uncertainty and technical weakness. With the buyers failing to defend the $1.25 support level, XRP could likely drop below $1.20 in the near term. The post XRP drops below $1.25 amid crypto market selloff appeared first on CoinJournal.

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Ethena (ENA) jumped nearly 20% after the Coinbase open-market token purchase news.Anchorage deal expands Ethena into institutional lending markets.The next key resistance level sits at around $0.1367.Ethena’s ENA token has recorded a sharp intraday jump of about 19.5%, pushing the price to roughly $0.1025 at press time.The sudden rebound has brought Ethena back into focus, especially as trading activity surged to more than $410 million in 24-hour volume, signalling a clear spike in market participation.While the broader trend remains down over longer timeframes, the short-term price action reflects a strong shift in sentiment tied to recent ecosystem developments.Coinbase Ventures’ investment in EthenaA major driver behind the latest rally is Ethena’s deepening relationship with Coinbase.Coinbase Ventures made its first-ever investment in Ethena by purchasing ENA directly on the open market, a move that immediately stood out to traders because it signalled direct alignment rather than a private funding allocation.Coinbase Ventures is proud to back @Ethena through an open market purchase of ENA. Ethena is a critical player in onchain finance, and we are excited for the closer partnership with Coinbase and USDC.— Coinbase Ventures 🛡️ (@cbventures) June 2, 2026More importantly, Coinbase is not treating Ethena as a passive investment. The two are working on a broader rollout of on-chain savings and financial products designed for Coinbase’s user base of more than 100 million accounts.This includes integration of Ethena’s synthetic dollar ecosystem into Coinbase-linked savings products, with early initiatives expected to launch within days of the announcement.The market reaction reflects how distribution can shift valuation expectations.Access to Coinbase’s retail and institutional ecosystem introduces a potential pathway for Ethena’s USDe and related yield products to reach users far beyond crypto-native platforms.That potential expansion is a key reason ENA saw a sharp repricing in such a short window.Anchorage Digital partnershipAlongside Coinbase, Ethena has also expanded its infrastructure reach through a partnership with Anchorage Digital.The collaboration introduces a framework for institutional off-chain lending using Anchorage’s Atlas platform, which handles collateral custody, risk monitoring, and liquidation controls.This setup allows institutions such as asset managers and trading firms to access crypto credit markets without taking direct custody of assets.Anchorage holds collateral within a regulated structure while Ethena manages capital deployment into lending operations.The lending system is designed to unlock new yield streams beyond Ethena’s existing synthetic dollar mechanics.It also marks a shift in strategy, as Ethena moves from purely DeFi-based yield generation toward a hybrid model that includes institutional credit exposure.Ethena’s underlying technicals remain stableWhile ENA has been volatile, the technical analysis shows no signs of instability.And looking at the Ethena charts, technical indicators show a mixed signal environment with a majority in the neutral zone.Oscillators lean slightly bearish, while moving averages are evenly split between buy and sell signals.The 14-day RSI sits at 39.56, placing it in a neutral zone where neither buyers nor sellers dominate momentum.ENA currently trades below all its exponential moving averages (EMAs), including the  10-day, 20-day, 50-day, 100-day, and 200-day EMAs, suggesting the broader structure remains bearish.Ethena price analysisOutlook for ENA price movementDespite the strong daily move, Ethena remains in a broader downtrend when viewed over longer periods.The token is still trading significantly below previous highs, and the technical structure remains mixed.Short-term indicators show momentum returning, with price action recently breaking above multiple resistance levels during the intraday rally.However, the presence of resistance from shorter-term exponential moving averages suggests that the move…