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Here’s How High The Ethereum Price Would Be if It Matches The Market Cap Of Gold
A crypto analyst has shared a new report from Etherealize, a leading crypto research firm, which projects how high the Ethereum price could reach if its market capitalization were to match that of gold. The expert believes that, beyond price action, the Ethereum network could also evolve into a glob...
NewsBTC
Wed, May 20
The Bitcoin Playbook To Know: Step 4 Says A Crash Is Coming, But Where’s The Bottom?
Bitcoin has followed its current script before. According to one crypto analyst, it may be doing so again, and if history holds, the next move is not upward. Crypto analyst Merlijn The Trader has outlined a six-step framework on X that places BTC’s current price action directly onto the struct...
Bitcoinist
Wed, May 20
Elon Musk’s SpaceX goes public on Nasdaq as SPCX, discloses $1.4 billion in Bitcoin
SpaceX has taken its IPO plan into the open with a new SEC filing, and the company wants to trade on the Nasdaq under ticker SPCX. Elon already runs Tesla (NASDAQ: TSLA), so a strong debut could leave him in charge of two public companies valued around the trillion-dollar level. The company first sent its...
Cryptopolitan
Wed, May 20
Ethereum Pullback Deepens, But Key Structure Still Signals Bullish Hope
Ethereum’s recent pullback has added pressure to the market, but the broader technical structure continues to show signs of resilience. Despite the decline, ETH remains above several critical support zones, keeping hopes alive that the long-term bullish trend may still be intact if buyers can mainta...
NewsBTC
Wed, May 20
Tether Expands South Korea Trademark Filings As Stablecoin Rules Take Shape
Tether’s latest move in South Korea goes beyond protecting a product name. The company behind the world’s largest stablecoin filed seven trademark applications with the Korea Intellectual Property Rights Information Service on May 19, covering not just its tokens but its company name, of...
Bitcoinist
Wed, May 20
Federal Reserve officials pledge to hike interest rates if inflation stays above target
According to Federal Reserve minutes released on Wednesday, officials are predicting that interest rates will go higher if inflation refuses to fall back to the Fed’s 2% target, after fresh data showed prices rising again and markets started treating another hike as a real risk. As Cryptopolitan previously reported, the Fed kept its target range...
Cryptopolitan
Wed, May 20
Why Strategy’s record accumulation isn’t saving BTC’s price?
Strategy Inc. now holds more Bitcoin than any other institution, but Bitcoin prices have still fallen to a three-week low. The company bought 171,238 BTC this year, far more than the roughly 62,000 BTC mined globally during the same period. Strategy is buying Bitcoin nearly three times faster than miners can produce it, yet prices...
Cryptopolitan
Wed, May 20
Ethereum Price Forecast: US interest stays weak amid strong ETH ETF outflows
Ethereum (ETH) holds above $2,100 on Wednesday following the latest developments surrounding the US-Iran crisis. US President Donald Trump said that the country is in the final stages of negotiations with Iran, but warned of further attacks if a deal isn't reached.
Ethereum
Fxstreet
Wed, May 20
Drift Protocol triggers frustrated response with Insurance Fund withdrawal update
Drift Protocol has announced that its Insurance Fund depositors will be able to pull their stakes once the protocol restarts. However, the update drew a frustrated response from a user base that seems to have grown visibly impatient with the pace of Drift’s recovery process. The update, which was shared on X on Wednesday, May...
Cryptopolitan
Wed, May 20
Euro stablecoin project Qivalis adds 25 new members
The joint venture of European banks Qivalis, set to launch a euro-backed stablecoin this year, has added 25 new members. The financial institutions from a number of EU nations are bringing the total number of participants in the ambitious project to 37. Qivalis adds new members in major expansion Over two dozen banks have joined...
Cryptopolitan
Wed, May 20
Pundit Predicts What Will Happen To XRP When Exchanges Run Out Of Supply
XRP’s supply mechanism is one of the most controversial talking points in the crypto market. XRP exchange reserves have been falling for months, and the on-chain numbers are glaring. Now, a crypto pundit on X is connecting that structural shift to a chain of events that could send the XRP price into...
NewsBTC
Wed, May 20
Bitcoin Seeing A Crucial Shift In Demand Dynamics While Price Action Weakens
As volatility persists in the market, Bitcoin faces a potential retest of the $70,000 price level following the recent pullback. With this waning price action, demand for the flagship asset among investors and traders is exhibiting a trend that could spell trouble for its near-term direction. Demand...
Bitcoinist
Wed, May 20
Washington Targets Iran’s $7 Billion Crypto Network To Cut Off Financial Channels—FOX
US authorities are reportedly stepping up efforts to disrupt Iran’s cryptocurrency activity, as Washington works to choke off financial channels linked to the regime amid escalating tensions in the Middle East. ‘Breadcrumbs’ In Crypto A FOX Business report released Wednesday points to new figures fr...
Bitcoinist
Wed, May 20
South Korean funeral firm loses $33M of customer prepayments on leveraged crypto ETF
Bumo Sarang, a South Korean funeral mutual aid company, recorded 49.3 billion won ($33 million) in unrealized losses after an audit revealed where it was investing its customers’ prepayment funds. The money was put into a leveraged cryptocurrency ETF tied to Bitmine (NYSE: BMNR), where it crashed and lost over half of its value. An...
Cryptopolitan
Wed, May 20
Trump administration defends prediction markets as JPMorgan and Hadrius rush to police traders
The federal government has sued Minnesota over a new law that bans residents from using betting platforms where people can wager on things like sports results and economic events. Minnesota is the first state to ban prediction market platforms such as Kalshi and Polymarket. Governor Tim Walz signed the law on Monday after it received...
Cryptopolitan
Wed, May 20
Hyperliquid ETFs Send HYPE Closer To All-Time Highs—Here’s What The Data Shows
Market analyst Aletheia released a report on Wednesday, taking a close look at the first six days of trading for Hyperliquid ETFs launched by 21Shares and Bitwise. The analysis focuses on how early inflows are stacking up across major crypto assets and what those moves may signal for demand going fo...
NewsBTC
Wed, May 20
ZachXBT flags $25M fund commingling, warns against BlockDSG, ZKP, and Spartans
ZachXBT revealed that he has completed on-chain tracing of Gurhan Kiziloz’s illicit schemes, linking them between two investment schemes linked to him.
Cryptopolitan
Wed, May 20
A7A5: the only tokenized ruble stablecoin draws more attention
A7A5 expanded its activity in the past year, despite the targeted sanctions against the ruble-denominated stablecoin.
Cryptopolitan
Wed, May 20
Why The XRP Price Can Touch $589 As It Takes On $73 Trillion Industry
The idea of XRP trading at $589 may sound unrealistic at first, but the rationale behind it is not based on a normal crypto rally. Instead, it is based on a scenario where the XRP Ledger becomes part of high-value delivery-versus-payment settlement at the DTCC/CLS layer, with the altcoin acting as t...
NewsBTC
Wed, May 20
XRP Whales Have Just Set An 8-Year Record, Is This The Start Of The Next Bull Run?
More of XRP’s supply is being chipped away, as whales continue to accumulate the token, increasing their control of the cryptocurrency. According to new reports from on-chain analytics platform Santiment, Whales are currently holding over 450 billion coins, setting a record 8-year high. With more to...
Bitcoinist
Wed, May 20
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