Nakamoto (NAKA) is trading down more than 10% on Wednesday just days after the Bitcoin treasury company completed a 1-for-40 reverse stock split undertaken to stay compliant with the Nasdaq stock exchange’s listing criteria. 

NAKA stock is down by about 67% year-to-date (YTD) and by more than 99% since its May 2025 peak of about $34 per share, reaching a low of about $0.16 per share in April before the reverse stock split on Friday.

Nasdaq warned the company in December that its shares would be delisted after trading below $1 for at least 30 consecutive days, according to a Securities and Exchange Commission (SEC) filing.

The reverse split reduced the number of outstanding shares to about 17.4 million from about 696 million, according to the company. 

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NAKA stock price is down by nearly 67% year-to-date. Source: Yahoo Finance

Cointelegraph reached out to NAKA for comment but did not receive a response by the time of publication. 

The decline in NAKA’s value comes amid a broad downturn in the Bitcoin treasury sector that started in 2025; however, the company has also underperformed the industry’s top players, including Strategy (MSTR), Twenty-One Capital (XXI) and Strive Asset Management (ASST).

Related: Bitcoin firm Nakamoto records net loss in Q1 despite sixfold revenue growth

BTC treasury companies show signs of recovery, but market remains challenging

Strategy, the biggest Bitcoin treasury company as measured by its BTC holdings, is up about 2.5% YTD, and is trading at about $155 per share.

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Twenty-One Capital, the second-largest publicly traded BTC treasury, with 43,514 coins, is down by more than 17% YTD, and is trading at about $7.26 per share.

The current distribution of Bitcoin among publicly traded BTC treasury companies, private enterprises, government entities and investment funds. Source: Bitcoin Treasuries

Strive is also up by over 20% YTD, last trading at about $17.72 a share.

The digital asset treasury space is likely to experience consolidation in 2026, as bigger companies eat up smaller firms, according to venture firm Pantera Capital.

“2026 will see brutal pruning. In each major asset class, only one or two players will dominate. Everyone else gets acquired or left behind,” analysts at Pantera forecast in January.

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Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt

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Aztec Labs has acquired Obsidion, the team behind ZKPassport, a privacy-preserving identity verification protocol built on zero-knowledge cryptography, according to a press release published Wednesday. Obsidion co-founders Michael Elliot and Theo Madzou join Aztec Labs along with their team. The… Read the full story at The Defiant

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Bitcoin is under renewed pressure, slipping below the $75,000 mark as institutional sentiment appears to shift. Fresh data show net outflows from BTC exchange-traded funds (ETFs) accumulating since mid-May, while on-chain signals add to a growing narrative of cautiousness among large players. In parallel, a notable spot buyer activity was observed on the downside, with a prominent whale reportedly accumulating BTC on successive days. The confluence of ETF flows, valuation gaps versus equities, and stubborn resistance at key price levels is shaping a fragile near-term outlook for the market.

According to Farside Investors, BTC ETFs posted net outflows totaling about $1.88 billion since May 15, underscoring a waning appetite from some institutional entrants. Glassnode, meanwhile, highlighted persistent net outflows from BTC ETFs on nearly every trading day since May 7, suggesting supply continued to press on the market even as some buyers remained eager to step in at lower prices. The divergence between supply and demand in this window is a focal point for traders watching how institutions reallocate risk in a volatile environment.

Beyond ETF dynamics, BTC’s valuation picture has drawn attention. Bitwise recently noted that the asset is trading below its long-term valuation benchmark, a frame that historically has corresponded with heightened volatility and ripples through risk markets. Its market-value-to-realized-value (MVRV) ratio sits around 1.42, a level that, in historical context, has been associated with elevated risk when paired with broader asset valuations. By comparison, the current gap between BTC’s valuation and US tech stocks is often highlighted as substantial—an indicator of how BTC’s pricing is diverging from traditional equity benchmarks. For some observers, the widening delta with tech equities signals a risk tilt that could amplify if demand from mainstream funds remains tepid.

On-chain observations added another layer to the narrative. Notably, a well-known figure in the space flagged a steady stream of accumulation on the downside. Blockstream CEO Adam Back commented on X that a BTC whale has been purchasing around 450 BTC per day for more than eight days using a time-weighted average price approach, signaling an active demand presence when prices dip. While large buyers may suggest a floor in the near term, the combination of inflows and reserve-building is not yet enough to confirm a sustained turnaround without sufficient follow-through from other market participants.

Against this backdrop, traders are weighing the near-term chart setup for BTC and a handful of marquee altcoins. The immediate question remains whether the support zone around $76,000 to $74,289 will hold, or if price action will slip further to test lower supports near $70,500, where demand could re-emerge. Conversely, a bounce off that zone could renew momentum toward the mid-$80,000s, with a potential run at $82,000 and then $84,000 if bulls regain traction above recent resistance.

Key takeaways

• BTC ETFs registered net outflows totaling roughly $1.88 billion since May 15, signaling a renewed wave of institutional selling pressure and a potential reluctance to chase higher prices in the near term.
• On-chain signals and a prominent whale buy program suggest pockets of demand exist at lower levels, but they have yet to translate into a broad market reversal.
• The current BTC MVRV ratio sits at about 1.42, with Bitwise noting a valuation gap versus tech equities that underscores a broader market dislocation between BTC and traditional risk assets.
• Near-term price action hinges on BTC’s ability to defend the $76k–$74k area; a breakdown could open a path toward the $70k range, while a bounce could renew upside toward the $82k–$84k zone.
• Across major altcoins, the market presents a mixed technical picture, with several assets trading at critical levels that will determine whether risk assets can stabilize or resume their downtrend.

Technical mosaic across major assets

Bitcoin (BTC)

The current setup suggests bears are attempting to seize control after a test of the 20-day exponential moving average near $77,431. A decisive move below the $76,000–$74,289 support band could tilt the short-term advantage to the bears, potentially leading BTC toward the $70,500 area, where buyers have historically stepped in. If, however, price strengthens and sustains above the 20-day EMA, the rally could resume toward the $82,000 level and then to roughly $84,000, where a fresh push could be required to extend a sustained uptrend.

Ethereum (ETH)

ETH has struggled to reclaim the key pivot around $2,000, which has served as a psychological baseline for bulls. A breakdown below this level could open a slide toward the $1,916–$1,750 zone. On the flip side, a sustained move above the moving averages would signal renewed strength and could push ETH toward the $2,465 mark, with the next hurdle near the upper boundary of its current range.

BNB

BNB is clinging to the 20-day EMA near $652, but bears remain vigilant around the $636 level, which coincides with the 50-day simple moving average. A breakdown could take the price down to the $610 target and then toward $570. If buyers defend the moving averages and push higher, the bulls’ target would shift toward $687, with possible advances to $730 and eventually to $790 if momentum accelerates.

XRP

XRP continues its gradual drift toward the $1.27 support, with a strong defense likely required at that level. The chart shows resistance forming around the 20-day EMA at roughly $1.37 and the shape of a downtrend line cap. A failure to defend $1.27 could see XRP testing $1.11 and possibly $1.00. A decisive close above the downtrend line, however, would open the path toward $1.61, marking a potential trend shift.

Solana (SOL)

SOL remains trapped between the $82.65 support and the 20-day EMA near $86.42. A break below the support could propel SOL toward $76, while a rally above the moving average would keep the trading range intact for the near term, with a potential move back toward the upper end of the range around $98.

Dogecoin (DOGE)

Dogecoin has struggled to sustain a move above the 20-day EMA near $0.10, leaving downside risk on the table. A break below $0.10 could retest the $0.09 support, with a breach of that level opening the risk of a slide toward $0.08. Conversely, a close above the 20-day EMA would suggest continued range-bound action between roughly $0.09 and $0.12, with a break above $0.12 needed to re-ignite a climb toward $0.14 and beyond.

Hyperliquid (HYPE)

HYPE pulled back from a recent breakout at around $64.93, suggesting profit-taking among shorter-term traders. The near-term question is whether buyers can arrest the pullback near $59.41 and flip it into support. A successful defense could spur a rally toward $77, but a break below $59.41 risks a deeper correction toward the 20-day EMA at about $52.14 and, beyond that, toward the 50-day simple moving average near $44.92.

Zcash (ZEC)

ZEC has retreated from the $690 level, with sellers eyeing a hold below the 20-day EMA near $571. A sustained slip could push the price toward the mid-$400s, with a path toward $486 and then $457 likely if downside momentum remains intact. A break above the $690 level would be a notable outlier and could signal a fresh bullish phase.

Cardano (ADA)

ADA continues to trade below its moving averages, signaling ongoing bearish pressure. A test of the $0.22 support area remains a key risk, while any recovery faces potential resistance near the $0.25 level and the 20-day EMA. A decisive move above $0.31 or below $0.22 would likely define the next major leg for ADA, potentially keeping it in a $0.22–$0.31 range for some time.

Monero (XMR)

XMR has been carving an ascending-channel path, implying that near-term buyers hold the edge. A bounce off the 50-day SMA around $378 has kept buyers engaged, but a break above the downtrend line would be needed to target higher resistance. Conversely, a turn lower and a break below the 50-day SMA would suggest renewed selling pressure toward the channel’s support line.

Across these assets, market participants are watching for how near-term support and resistance interact with the macro backdrop. The ETF outflow narrative, combined with on-chain and volatility signals, points to a market that could remain rangebound in the near term while vulnerable to outsized moves if key levels are breached.

What comes next could hinge on a delicate balance: continued ETF outflows that could constrain upside, yet selective accumulation by buyers at specific price levels that may provide short-term support. Investors will want to monitor whether BTC can defend the $76k zone and whether ETH or XRP can reclaim near-term moving averages, as these moves often set the tone for broader risk appetite in the sector.

Readers should keep an eye on how new inflows or withdrawals in BTC ETFs interact with on-chain behavior and macro risk sentiment. While the near-term path remains uncertain, the most important milestones to watch include the $76k–$74k support zone for BTC, the $2,000 level for ETH, and the notable resistance levels around the 20-day moving averages for several top assets.

This article was originally published as May 27 Price Outlook: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ZEC, ADA, XMR on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

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[PRESS RELEASE – GEORGE TOWN, CAYMAN ISLANDS, May 27th, 2026]

• Issued by Anchorage Digital Bank, N.A., the first federally-chartered crypto bank in the U.S. with reserves under OCC supervision and attested monthly by Deloitte
• The GENIUS-ready stablecoin will launch on Ceffu’s institutional infrastructure with a rewards structure: qualifying institutional holders share in the economics of fUSD’s reserves, targeting an estimated 3% per year
• Rewards are paid by Falcon Finance, the commercial partner, under separate bilateral agreements with qualifying institutional holders, not by Anchorage, the issuer nor Ceffu, the custodian
• Falcon Finance will be a launch holder, deploying a portion of its own corporate reserves into fUSD from day one

With more than $320 billion in dollar stablecoins now in circulation and short-dated Treasury yields near 4%, holders collectively forgo well over $10 billion a year in potential returns — income that accrues to issuers rather than the desks holding the tokens. fUSD, launched today by Falcon Finance and Anchorage Digital Bank, N.A., is built to close that gap: a GENIUS-ready digital dollar that meets institutional compliance mandates while sharing a portion of its reserve economics with qualifying holders. The GENIUS-ready stablecoin will launch on Ceffu’s institutional custody and collateral infrastructure with a rewards structure.

Falcon Finance, the synthetic dollar protocol with $1.63 billion in USDf circulating supply and ranked among the top ten stablecoins on Ethereum by market cap, today announced the launch of fUSD, a U.S. dollar payment stablecoin issued by Anchorage Digital Bank, N.A. fUSD is GENIUS Act ready, the federal framework for payment stablecoins enacted on 18 July 2025.

The GENIUS Act restricts stablecoin issuers from paying interest or yield to holders. Anchorage Digital Bank issues fUSD but does not pay yield or rewards on the stablecoin itself. Rewards are offered by an entity separate from Anchorage Digital Bank, NA. and are tied to the stablecoin’s underlying collateral, such as U.S. Treasuries. Falcon Finance, as the name partner, operates an institutional rewards program, targeting roughly 3% per year. The rewards are available only to institutional entities that enter a contractual agreement with Falcon; no other regulated U.S. dollar stablecoin currently offers this structure to institutional holders.

fUSD is supported by Ceffu’s institutional custody and collateral infrastructure, the same platform used by leading trading firms and liquidity providers, including FalconX, Presto and Orderly. Falcon already uses Ceffu within its existing custody stack for USDf, its overcollateralized synthetic dollar. By launching fUSD on Ceffu, Falcon positions the stablecoin where professional desks, treasury desks, high-frequency trading firms, basis traders, and counterparties operating under tight compliance mandates, already manage collateral. For these desks, the most widely-used stablecoins return nothing on the balances they hold; a regulated, rewards-bearing dollar lets them improve the economics of their strategies without stepping outside their compliance requirements.

Falcon Finance will be a launch holder of fUSD, deploying a portion of its own corporate reserves into the stablecoin from launch, a signal of the firm’s confidence in the issuance framework and of how it expects institutional counterparties to engage with the product.

Andrei Grachev, Founding Partner of Falcon Finance, said: “The desks we work with operate under compliance mandates that synthetic and offshore stablecoins were never designed to satisfy, and the regulated dollars they can hold today pay them nothing. fUSD closes both gaps. It’s issued by a federally-chartered bank, backed by Treasuries, launched on the infrastructure these desks already use to manage collateral, and built so qualifying institutional holders can share in the economics of the reserves. We’re putting our own balance sheet behind it from day one.”

Nathan McCauley, CEO and Co-Founder of Anchorage Digital, said: “fUSD is built from the ground up for institutional use, and that’s only possible because of our federal bank charter. Falcon Finance is exactly the kind of partner the GENIUS framework was designed to serve: sophisticated, institutional, and choosing to operate inside U.S. regulation rather than around it.”

Ian Loh, CEO of Ceffu, said: “The integration of fUSD into Ceffu’s ecosystem delivers institutional-grade custody and collateral utility. We look forward to supporting Falcon Finance in expanding the institutional adoption and utility of stablecoins.”

Falcon Finance now operates two complementary dollar products. USDf, the overcollateralized synthetic dollar, continues to serve DeFi-native users and multi-collateral mandates. fUSD extends Falcon’s reach to federally-regulated treasury desks, compliance-constrained counterparties, and institutional collateral mandates that require a regulated, non-synthetic dollar.

About Falcon Finance

Falcon Finance is building a universal collateral layer that turns any liquid asset, including digital assets, currency-backed tokens, and tokenized real-world assets, into USD-pegged onchain liquidity. By bridging onchain and offchain financial systems, Falcon enables institutions, protocols, and capital allocators to unlock stable, yield-generating liquidity from assets they already hold.

About Anchorage Digital

Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Anchorage Digital Bank also offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian. Anchorage Digital is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.

About Ceffu

Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 2 attested. Our multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their virtual assets.

About fUSD

fUSD is a U.S. dollar payment stablecoin issued by Anchorage Digital Bank, N.A. Subject to final applicable law, fUSD is GENIUS-ready, the federal framework for payment stablecoins. Each fUSD token is backed 1:1 by a reserve pool of cash, short-dated U.S. Treasuries, and Treasury-backed repo via eligible MMF exposure, held at Anchorage Digital Bank under federal supervision. Reserves are attested by Deloitte on a monthly and annual basis. fUSD is purpose-built for institutional trading desks, collateral mandates, and counterparties operating under federally-regulated compliance requirements.

fUSD is not a deposit, not FDIC insured, and not endorsed or guaranteed by the U.S. government.

The post Falcon Finance and Anchorage Digital Bank Launch fUSD, a GENIUS-Ready Stablecoin with Rewards on Ceffu appeared first on CryptoPotato.

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Key points:

• Bitcoin is under pressure as net outflows from the BTC ETFs highlight a shift in institutional investor sentiment.
• Most major altcoins look weak, suggesting the bears are in control.

Bitcoin (BTC) fell below $75,000 on Wednesday, indicating that the bears are slowly taking charge of the crypto market. Institutional investors seem to be on a selling spree, with BTC exchange-traded funds recording net outflows of $1.88 billion since May 15, per Farside Investors’ data. Glassnode said in a post on X that persistent net outflows from BTC ETFs on nearly every trading day since May 7 add “to the supply side without a visible demand offset.”

BTC’s weakness has sent it tumbling below its long-term valuation average, according to Bitwise. The asset management firm said in a recent report that in the past, only 36% of BTC’s market-value-to-realized-value (MVRV) readings were lower than the current level of 1.42. In comparison, roughly 99% of historical Nasdaq-100 price-to-book ratios were below their present levels, signaling the widest valuation gap on record between BTC and US tech stocks.

Crypto market data daily view. Source: TradingView

While others panic, a whale has used the drop as a buying opportunity. Blockstream CEO Adam Back said in a post on X that a BTC whale had hoovered up 450 “cheap Bitcoins” per day for the past eight and a half days using a time-weighted average price method.

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Could BTC and select major altcoins bounce off their strong support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC turned down from the 20-day exponential moving average ($77,431) on Tuesday, signaling that the bears are selling on minor relief rallies.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will attempt to defend the crucial $76,000 to $74,289 support zone, while the bears will strive to pull the BTC price below it. If the support zone crumbles, the short-term advantage will tilt in favor of the bears. The BTC/USDT pair may then descend to the support line near $70,500, which is likely to attract buyers.

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On the contrary, if the price bounces off the support zone, the bulls will again strive to drive the pair above the 20-day EMA. If they succeed, the pair may rally to $82,000 and then to $84,000.

Ether price prediction

Buyers have failed to push Ether (ETH) back above the support line, indicating that the bears are attempting to flip the level into resistance. 

ETH/USDT daily chart. Source: Cointelegraph/TradingView

There is psychological support at $2,000, but if that level cracks, the ETH/USDT pair may decline to the $1,916-$1,750 zone.

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Buyers have an uphill task ahead of them. They will have to push the ETH price above the moving averages to signal strength. If they do that, it suggests that the market has rejected the breakdown below the channel. That increases the likelihood of a rally to $2,465, then to the channel’s resistance line.

BNB price prediction

Buyers are attempting to sustain BNB (BNB) above the 20-day EMA ($652), but the bears have kept up the pressure.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

If the 20-day EMA gives way, the bears will strive to strengthen their position by pulling the BNB price below the 50-day SMA ($636). If they can pull it off, the BNB/USDT pair may tumble to $610, then to $570.

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Conversely, if the price rebounds off the moving averages, it suggests demand at lower levels. The bulls will then again endeavor to clear the $687 overhead hurdle. If they do that, the pair may rally to $730 and then to $790.

XRP price prediction

XRP (XRP) continues to gradually slide toward the $1.27 support, indicating that the bears remain in control. 

XRP/USDT daily chart. Source: Cointelegraph/TradingView

Buyers are expected to mount a strong defense at $1.27, but the relief rally is likely to face selling at the 20-day EMA ($1.37) and then at the downtrend line. If the XRP price declines sharply from the 20-day EMA, it increases the likelihood of a break below $1.27. If that happens, the XRP/USDT pair may plunge to $1.11 and then to $1.

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The first sign of strength will be a break and close above the downtrend line. The pair may then climb to the $1.61 resistance. Buyers will have to pierce the $1.61 level to signal a potential trend change.

Solana price prediction

Solana’s (SOL) has been getting squeezed between the 20-day EMA ($86.42) and the $82.65 support.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA has started to turn down, and the RSI is in the negative territory, indicating a slight edge to the bears. If the price breaks below $82.65, the SOL/USDT pair may plummet to the $76 support.

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Alternatively, if the SOL price rises sharply from the $82.65 level and breaks above the 20-day EMA, it suggests the pair may remain within the $76 to $98 range for a while longer.

Dogecoin price prediction

The failure of the bulls to push Dogecoin (DOGE) above the 20-day EMA ($0.10) suggests a negative sentiment.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are attempting to sink the DOGE price below $0.10, opening the door to a retest of $0.09 support. Buyers are expected to defend the $0.09 level with all their might, as a close below it may sink the DOGE/USDT pair to $0.08.

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Contrary to this assumption, if the price rises and closes above the 20-day EMA, it suggests the pair may extend its range-bound action between $0.09 and $0.12 for a few more days. Buyers will have to secure a close above $0.12 to start a new uptrend toward $0.14 and then $0.16.

Hyperliquid price prediction

Hyperliquid (HYPE) pulled back from $64.93 on Monday, signaling profit-booking by short-term traders.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

The bulls are attempting to arrest the pullback at the breakout level of $59.41. If they succeed, it suggests that the bulls have flipped the level into support. That improves the prospects of a break above the $64.93 level. The HYPE/USDT pair may then surge toward $77.

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Instead, if the HYPE price breaks below $59.41, the correction may deepen to the 20-day EMA ($52.14). Buyers are expected to fiercely defend the 20-day EMA, as a slide below it would signal the start of a deeper correction toward the 50-day SMA ($44.92).

Related: Three key XRP metrics suggest ‘explosive price expansion’ is next

Zcash price prediction

Zcash (ZEC) declined from the $690 level on Monday, indicating profit-taking by short-term traders.

ZEC/USDT daily chart. Source: Cointelegraph/TradingView

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Sellers are attempting to sustain the price below the 20-day EMA ($571), opening the door to a deeper correction. If they manage to do that, the ZEC price may plummet to $486 and then to the 50-day SMA ($457). 

The 20-day EMA is flattening, and the RSI has dropped toward the midpoint, indicating that the bulls are losing their grip. Buyers will have to thrust the ZEC/USDT pair above $690 to seize control.

Cardano price prediction

Cardano (ADA) remains below its moving averages, indicating that the bears have the advantage.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

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Sellers will endeavor to pull the ADA price to the $0.22 support. Any attempt by the bulls to start a recovery is expected to face strong selling at the 20-day EMA ($0.25). If the price declines sharply from the 20-day EMA, it increases the risk of a break below $0.22.

On the upside, a break and close above the moving averages suggests that the ADA/USDT pair may continue to oscillate inside the $0.22 to $0.31 range for some more time. The next trending move is expected to begin on a close above $0.31 or below $0.22.

Monero price prediction

Monero (XMR) has been trading within an ascending channel, suggesting buyers have the edge. 

XMR/USDT daily chart. Source: Cointelegraph/TradingView

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The XMR price has bounced off the 50-day SMA ($378), indicating buying on dips. There is resistance at the downtrend line, but if the level is breached, the XMR/USDT pair may rise toward the resistance line. The bullish momentum may pick up if buyers drive and maintain the price above the resistance line.

Contrarily, if the price turns down from the downtrend line and breaks below the 50-day SMA, it suggests that the bears are selling on rallies. The pair may then drop to the support line.

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Bankless co-founder David Hoffman said he sold his Ether holdings because he believes the long-standing “ETH is money” thesis has already largely played out. Despite this, he remains strongly bullish on Ethereum as a network.

According to Hoffman, the decision did not come lightly, given that he built his career, business, community, and identity around Ethereum.

Ethereum Chose the Hard Path Unlike Bitcoin

In his latest tweet, Hoffman stated that the “ETH is money” thesis depended on Ethereum succeeding across multiple layers of coordination, including decentralized leadership, governance, Layer 2 ecosystems, roadmap execution, and technological development.

Hoffman described Ethereum as “not Bitcoin,” and said that Bitcoin simplified its blockchain to maximize the value of BTC, while Ethereum pursued a more ambitious path by expanding utility across decentralized applications, finance, tokenization, and infrastructure. He even went on to add that Ethereum achieved part of that vision and earned the market capitalization it currently has, but said the opportunity for ETH to be significantly rerated higher by the market now appears to be closing.

The Bankless co-founder also explained that the broader “strong version” of crypto, which focused on decentralized finance, NFTs, DAOs, and crypto-native systems, failed to maintain long-term mainstream support outside the 2020 to 2022 period. He said crypto’s reputation later became associated with scams, grifts, and speculative behavior, which ended up weakening the social belief system required for ETH to function as money at a global scale.

He further stated that Ether’s utility increasingly benefits other forms of money, especially stablecoins and tokenized dollars, rather than ETH itself. Hoffman described Ethereum as a “giver, not a taker,” while saying that the network provides secure blockspace, tokenization infrastructure, and DeFi support at minimal cost rather than extracting maximum value for ETH holders. He said Ethereum’s architecture prioritizes applications, rollups, and ecosystem growth over ETH itself, which makes it difficult for the underlying crypto asset to fully achieve global money status without overwhelming market dominance.

Ethereum in Crisis?

Hoffman’s decision also comes at a time when bearish sentiment around Ethereum has been intensifying. A recent report by Santiment found that social media discussions have increasingly shifted from optimism toward frustration and concerns about further downside.

The analytics firm said traders have increasingly viewed ETH as “dead money” compared to stronger-performing crypto assets in 2026, as weakening ETF flows, declining on-chain activity, and growing competition from ecosystems such as Solana and BNB Chain added pressure on sentiment.

Rumors about prominent Ethereum figures reducing or exiting ETH positions, including discussions surrounding Hoffman, have also contributed to rising uncertainty in the market, especially as traders worried about insiders losing confidence in the asset.

The post “Ethereum Is a Giver, Not a Taker”: David Hoffman Explains ETH Exit appeared first on CryptoPotato.

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Gold (XAU) is sliding toward the $4,376 support zone as bearish momentum accelerates. The metal broke down from a parallel triangle on May 15 and trades near $4,410 after a 2% daily drop.

Both daily and 4-hour charts flash deepening bearish momentum. Relative strength index readings are pushing into oversold territory, and Bollinger Band Width Percentile expansion confirms the strength of the downtrend.

4-Hour Chart Loses Channel Midline as RSI Hits 27

On the 4-hour timeframe, gold has slipped beneath the midline of a descending parallel channel. Price now trades near the lower band of that structure, just above the 0.618 Fibonacci retracement at $4,376.

The 4-hour relative strength index has fallen to 27, planting the indicator deep inside oversold territory. Meanwhile, Bollinger Band Width Percentile readings have reached extremely volatile zones. That profile often accompanies strong directional continuation rather than reversal.

A reclaim of the $4,609 channel midline would be the first sign that the short-term bearish setup has stalled. Until then, dips into the lower band remain in line with the dominant trend. BeInCrypto flagged the same bearish setup in earlier coverage.

Daily RSI and BBWP Reinforce the Broader Downtrend

The daily timeframe shows a similar bearish structure. However, daily RSI reads 36, well above the 4-hour oversold extreme. That gap leaves room for the higher-timeframe trend to extend without triggering an immediate mean reversion bounce.

BBWP on the daily chart has just started to expand after weeks compressed inside the very low blue zone. Historically, volatility breakouts from compressed conditions tend to extend rather than fade. The pattern supports the case for continued downside on the higher timeframe.

Gold lost the lower trendline of the prior parallel triangle on May 15 and has trended lower since. Therefore, the current sell-off extends that breakdown rather than counter-trending against it. The move mirrors the channel-based breakout framework BeInCrypto highlighted earlier this month.

Gold (XAU) Price Prediction Targets $4,044 Below $4,376 Support

On the daily chart, the immediate test is the 0.618 Fibonacci retracement at $4,376. A clean break below that zone opens the path toward the 0.786 Fibonacci at $4,044. That level marks the next major support cluster on the long-term Fib map.

However, if buyers defend $4,376, the first upside target sits at $4,609. A deeper relief rally could probe long-term resistance at the 0.382 Fibonacci near $4,842. That level has capped every bounce since the February peak above $5,600. The BeInCrypto May 2026 forecast tracks the same resistance band.

Meanwhile, X analyst CelalKucuker has mapped an even more aggressive downside path. His sequence projects a year-end 2026 target of $3,500.

“Gold 5600$ 4350$ 5250$ 4000$ 5000$ 4600$ 4200$ (almost) 3500$ 2026 end of year”

The outlook aligns with the bearish projection sketched on the higher-timeframe chart. Price targets there cascade from $4,234 toward $3,475. The path contrasts sharply with the $20,000 speculation circulating in derivatives markets.

For now, the daily channel and BBWP expansion suggest the path of least resistance remains to the downside. That outlook holds until $4,376 proves it can absorb sustained selling pressure.

The post Gold Price is Turning Bearish Fast as Key Support Above $4,300 is Tested appeared first on BeInCrypto.

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• 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 growth

Latest 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.

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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.

Such 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.

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AVAX price outlook

The 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.

 

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Key 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.

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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.

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