Crypto World
Base Launches Wallet AI Bridge to Link Crypto Wallets and AI Agents
Base, the Ethereum layer-2 developed by Coinbase, has unveiled a tool that ties Base accounts to artificial intelligence agents for on-chain operations. The new Base MCP, or Model Context Protocol, lets users prompt AI models such as Anthropic’s Claude or OpenAI’s ChatGPT to perform actions like transferring funds, swapping tokens, checking balances, reviewing transaction history, and using supported apps within Base’s ecosystem.
The interaction is chat-driven: the AI agent suggests an action, and a Base wallet window opens for the user to confirm or cancel. Crucially, the agent never has access to private keys, and every proposed action must be explicitly approved by the user. Base notes that each transaction follows the same review flow as any Base account request, with asset changes simulated before confirmation. This balance between automation and user control is a central design choice as AI agents begin to handle more on-chain tasks.
Coinbase executives have pitched MCP as part of a broader AI-payments strategy. Lincoln Murr, head of AI Product at Coinbase, described the approach as a “nice wrapper” on top of existing APIs, enabling a Base Account to travel with you—your trades, history, and portfolio remain accessible whether you’re operating in-agent or within the Base App. The move also aims to expand the adoption of Coinbase’s x402 protocol, an agentic AI payment standard the company rolled out in May 2025. Together, MCP and x402 are positioned to unlock a new micro-transaction economy, where AI agents can initiate small crypto payments across participating protocols.
That vision sits against a still-nascent market. According to data tracked by x402scan, the x402 protocol processed about $1.1 million in volume over the past 30 days—a reminder that the “agentic payments” thesis remains in early days, even as it attracts attention from investors and developers alike. The broader ecosystem already includes integrations with DeFi protocols such as Morpho, Moonwell, Uniswap, Aerodrome, Avantis, Bankr, and Virtuals, all of which Base notes can be accessed via AI-driven prompts.
As with any AI-enabled on-chain workflow, the concept has its detractors. A recent Google-backed research paper and accompanying university work warned that AI agents should be treated as untrusted system components, emphasizing the need for clear separation between instructions and data to avoid manipulation through malicious prompts. In parallel, industry watchers noted security pitfalls as the broader AI-in-wallet paradigm evolves. Earlier this week, the Socket developer platform disclosed malware targeting crypto developers by injecting hidden instructions to hijack AI coding assistants. These threats underline the careful security stance required for AI-assisted on-chain actions. Fireblocks has also explored agentic payment support for AI agents, signaling a broader industry push toward standardizing these capabilities within trust frameworks.
Key takeaways
- Base MCP enables AI agents to solicit on-chain actions from Base accounts, with user-approved execution through the Base wallet and no direct access to private keys.
- The system supports interactions with major on-chain protocols (Morpho, Moonwell, Uniswap, Aerodrome, Avantis, Bankr, Virtuals), expanding the scope of AI-assisted DeFi activities.
- Base ties MCP to the x402 protocol, aiming to codify agentic AI payments and unlock a micro-transaction economy, though current activity remains modest (around $1.1 million in 30-day x402 volume).
- Security and trust are central concerns, as researchers warn that AI agents can be susceptible to untrusted data flows and malicious prompts, reinforcing the need for robust guardrails and user-confirmation workflows.
How the MCP workflow fits into the evolving AI-on-Chain landscape
At its core, Base MCP functions as an intermediary layer that translates natural-language prompts into concrete blockchain actions, while maintaining human oversight. The user initiates an operation within the AI chat, which then presents a proposed action. The user sees an explicit confirmation step in the Base wallet window, where asset changes are simulated before any real funds are moved. This design preserves security while enabling a more fluid interaction with DeFi protocols through AI agents.
Base’s approach also emphasizes continuity of the user experience. Lincoln Murr has argued that MCP and similar integrations ensure your Base Account remains portable and synchronized across interfaces—whether you’re interacting directly within the Base App or via an AI assistant. This continuity is intended to remove friction that could otherwise hinder adoption of agentic payments, especially if users must jump between separate tools to manage their portfolios.
The MCP initiative sits alongside Coinbase’s broader x402 standard, a framework the company has promoted to enable safe, scalable AI-assisted payments. As MCP matures, developers and users could see more seamless, protocol-bridging transactions that leverage AI agents to navigate liquidity pools, governance actions, and asset transfers with a single chat-based workflow. Yet even with these promises, the path to wide-scale adoption remains gradual, as the $1.1 million 30-day volume figure for x402 indicates a market still in its early innings.
Risks, open questions, and what to watch next
Security remains a central theme in conversations about AI agents in crypto. The research consensus that AI agents can be an “untrusted system component” points to the need for clear separation of commands from data and robust verification checks before any on-chain action is executed. As the AI models gain more capabilities, the potential attack surface grows, making the user-facing confirmation step and simulated preflight checks more important than ever.
Industry developments in the near term will be telling. The Fireblocks collaboration and other industry moves toward agentic payment support suggest a maturation of the technical standards and security practices underpinning these features. Observers will want to watch whether MCP’s adoption accelerates in tandem with x402’s growth, and whether more DeFi protocols come online to respond to AI-driven prompts with trusted, auditable actions.
In addition, regulatory and governance considerations will shape how far AI-assisted on-chain workflows can reasonably scale. Questions about liability, user consent, and data handling will likely influence product design choices and the pace of deployment. For investors and builders, the key is to separate hype from practical utility: MCP’s real value will emerge as more users and protocols participate, and as security guarantees prove resilient in real-world usage.
For now, Base MCP represents a notable experiment at the intersection of AI and on-chain finance, aiming to make complex blockchain operations accessible through natural-language prompts while preserving user control and security. The next chapters will reveal how widely developers embrace the model, how quickly users adopt AI-assisted transactions, and whether the broader market can translate micro-payments into tangible liquidity and new use cases.
Readers should monitor updates from Base on MCP’s roadmap and any expansions to the x402 ecosystem, as well as independent security analyses and regulatory guidance that could influence how and when AI agents become a staple in crypto wallets and DeFi apps. The coming months will indicate whether this approach can scale from experimental tooling to everyday tooling for a broad audience of traders, developers, and crypto-native users.
Crypto World
Elon Musk Grok AI Predicts Bitcoin Price by End of JUNE 2026
Every other AI in this series swung for the fences on Bitcoin price. Grok AI went the other direction and gave the most grounded near-term predicts yet.
$82,000 to $88,000 by end of June. A modest 8 to 15% recovery. No fireworks, just structure.
Grok’s reasoning is deliberately conservative and that is actually what makes it interesting. The bull case is not built on cycle peaks or institutional adoption narratives at scale. It is built on 3 things that are already visible in the data right now.

Steady institutional ETF inflows are providing consistent demand without the volatility of retail speculation. Post-halving supply dynamics are tightening the supply of available coins as miners hold and long-term holders accumulate.
And improving risk sentiment is creating the macro backdrop for a modest recovery without requiring a full-blown euphoric cycle.
Grok frames this as Bitcoin’s maturing market structure showing itself: consistent corporate and ETF demand absorbing supply and positioning price for steady upside rather than explosive moves as summer progresses.
The AI is essentially saying the days of 50% monthly candles are behind Bitcoin, and the reward for that maturity is a more reliable, less violent grind higher.
The bear case is equally measured. Persistent macro uncertainty, thin summer trading volumes, or failure to hold $75,000 support could lead to choppy consolidation in the mid-$70,000s.
Grok is explicit that a sharp decline remains unlikely given strong underlying bid support. The overall verdict: cautious optimism for modest gains by June 30, setting a solid foundation for stronger momentum later in the year.
Grok AI Predicts $85,000 by June 30: The Chart Shows That Distance Is Smaller Than It Looks
Bitcoin is trading at $77,015 on the daily, pulling back from the recent $82,000 to $84,000 highs that marked the strongest recovery attempt since the February crash to $61,000.
The chart since that low has been a textbook accumulation structure: higher lows, gradual compression, and a series of increasingly serious tests of the $82,000 to $84,000 resistance zone that has defined the ceiling of the recovery range for 3 months.
The pullback from $84,000 to $77,000 over the past 2 weeks is the first meaningful retracement since the April recovery leg began, and it is now testing the $76,000 to $78,000 support zone that Grok identified as the critical hold level.
This range has been the base of every recovery attempt since March, and losing it would confirm Grok’s bear case of choppy mid-$70,000 consolidation rather than the June breakout scenario.
Resistance sits at $82,000 to $84,000, the zone that has rejected 3 separate push attempts since the recovery began. Grok’s primary bull target of $85,000 sits just above that ceiling, meaning the prediction requires clearing the most persistent resistance on the chart.
Above $85,000, the path toward $88,000 opens, and the upper end of Grok’s target range comes into view. Support is $75,000 to $76,000, Grok’s explicit floor, with $72,000 as the next meaningful demand zone below that.
Grok’s $85,000 target is $8,000 above the current price with 35 days to get there. On a chart that covered $20,000 in 10 weeks earlier this year, that is not a stretch. It just needs the $76,000 floor to hold first.
Discover: The best crypto to diversify your portfolio with
Grok Projects That Bitcoin Hyper Could Outperform Bitcoin Next
Some traders rotating between cycles are already looking past large caps entirely.
Bitcoin Hyper is positioning itself for that rotation. The project is building the first Bitcoin Layer 2 with Solana Virtual Machine integration, claiming sub-Solana latency while keeping Bitcoin’s security layer intact.
Fast, low-cost smart contracts on Bitcoin without abandoning its trust model. That is a gap neither Ethereum nor Solana fills directly.
The presale has raised $32 million at $0.013679 per token with high APY staking available for early participants.
The risk profile is different here. Higher upside potential, earlier entry, and significantly more execution risk than anything trading on major exchanges. That tradeoff is the whole point.
The post Elon Musk Grok AI Predicts Bitcoin Price by End of JUNE 2026 appeared first on Cryptonews.
Crypto World
XRP Price Prediction: Tomorrow’s XRP Ledger Update Could Send XRP Toward $10
XRP is trading sideways, with no price prediction deciding on what its next move is. The XRP Ledger Foundation’s version 3.1.3 release introduces fixes across NFTs, permissioned domains, vaults, and the lending protocol, and operators have been urged to upgrade nodes immediately.
On May 8, the XRP Ledger Foundation announced on X that rippled v3.1.3 is available, a maintenance and bug-fix upgrade requiring no manual voting. The fixCleanup3_1_3 amendment bundles patches for non-fungible token logic, permissioned domain handling, vault mechanics, and the lending protocol.
It’s a housekeeping release, technically. But tomorrow’s mainnet upgrade could finally send XRP above its flatline zone.
XRP holds a $83 billion market cap, retaining its position as the world’s fifth-largest cryptocurrency, competing with BNB. With altcoin sentiment gearing toward a constructive phase, the upgrade lands at a moment when even a modest narrative shift could move the price.
Discover: The Best Crypto to Diversify Your Portfolio
XRP Price Prediction: $10 Next?
As of now, $1.37 is the first meaningful resistance, with $1.39 as the next ceiling to crack. Short-term momentum reads as neutral, with intraday trend showing limited directional conviction.
No breakout signal yet, but the range is coiled. The v3.1.3 upgrade could serve as a sentiment catalyst if it draws renewed developer and institutional attention to the XRPL ecosystem, particularly around its lending protocol and vault infrastructure.
If XRP can clear $1.40 on upgrade momentum, it could target $1.90, and its long-range base scenario places XRP in the $10+ region in the long run.
However, a break below $1.30 would suggest the consolidation is resolving lower, negating near-term bullish setups entirely. The $10 headline target remains a multi-year thesis. This week’s upgrade is the foundation block.
Discover: The Best Token Presales
Bitcoin Hyper Is “The Upgrade” for BTC
XRP’s $82.6 billion market cap means even a double from current levels requires billions in fresh capital. It’s not impossible, but early-stage infrastructure plays offer asymmetry that large-caps structurally can’t.
Bitcoin Hyper is positioning itself at a category-defining intersection: the first-ever Bitcoin Layer 2 with full Solana Virtual Machine (SVM) integration. That means sub-second finality and fast smart contract execution built on top of Bitcoin’s security layer. Not on a sidechain compromise, but a genuine infrastructure bridge.
The project has raised close to $33 million at a current presale price of $0.0136, with 36% APY staking available for presale participants. The core thesis is breaking Bitcoin’s three core limitations. Slow transactions, high fees, and zero programmability, while preserving BTC’s trust model.
Hyper also features a Decentralized Canonical Bridge for BTC transfers and high-speed, low-cost transaction execution via SVM integration.
The post XRP Price Prediction: Tomorrow’s XRP Ledger Update Could Send XRP Toward $10 appeared first on Cryptonews.
Crypto World
Donald Trump Calls 4 State Leaders “SCUM” in Push to Keep US the Crypto Capital
President Donald Trump publicly defended the Commodity Futures Trading Commission’s (CFTC) exclusive authority over prediction markets, framing the regulatory turf war as central to keeping the United States ahead of foreign competitors in finance and crypto.
On May 26, Trump warned that rival countries want to displace the US as the global Bitcoin (BTC) capital. He added that prediction markets, a fast-growing asset class still being defined, face the same competition.
The CFTC’s Prediction Markets Push
Trump’s post praised CFTC Chairman Mike Selig directly, thanking him for steering the agency’s expanding authority over event contracts. Not to mention, Selig is the sole sitting commissioner of the typically five-seat CFTC.
The framing places prediction markets alongside Bitcoin as industries where regulatory clarity could decide whether the US keeps its lead. Kalshi was valued at $22 billion in a May 2026 funding round, signaling fast institutional adoption.
Monthly prediction market trading volumes have surpassed $20 billion, up from roughly $1.2 billion in early 2025. Yet, prediction markets’ legal status remains unresolved across several states.
The post named Chris Christie, Letitia James, Tim Walz, and JB Pritzker as “SCUM,” driving the federal-state regulatory battle.
James joined 38 state attorneys general in April, backing Massachusetts in its lawsuit against Kalshi. The CFTC has filed cases against Arizona, Connecticut, Illinois, New York, and Wisconsin. The agency wants to block state gambling laws from reaching federally regulated venues.
Legal observers expect the dispute to reach the Supreme Court. Until then, the industry sits in regulatory limbo.
The post Donald Trump Calls 4 State Leaders “SCUM” in Push to Keep US the Crypto Capital appeared first on BeInCrypto.
Crypto World
Major Ripple (XRP) Update: Here’s What You Need to Know
A new draft proposal was submitted to the XRPL Standards repository. It aims to expand XRP Ledger’s automated market maker by allowing liquidity pools to use different pricing curves at their creation.
The Importance of Flexibility
The proposal, which is titled “AMM Swappable Curves” was opened on May 26 by Roman Thpt and Denis Angell. It is currently marked as a draft amendment and is designed to build on XLS-30, the existing XRPL AMM standard.
The core idea behind it is to move the XRPL automated market maker (AMM) beyond a single constant-product model by introducing a pluggable curve architecture.
Under the draft, users who create pools would be allowed to select a curve type when launching their AMM pool. The initially supported curve types include:
- The current constant-product model;
- A concentrated liquidity model, which is similar to Uniswap’s v3;
- a StableSwap-style model designed for correlated assets such as stablecoins.
In the future, the proposal also calls for a weighted Balancer-style curve and a fully programmable smart AMM.
The Motivation Behind it
The purpose behind the proposal is to improve capital efficiency and market flexibility. In today’s version under XLS-30, the AMM spreads liquidity across the full price range. This can make it very inefficient for assets that trade in a narrow range.
Concentrated liquidity, on the other hand, would allow liquidity providers to target specific price bands. With StableSwap, users can enjoy better execution for closely pegged assets.
Moreover, the proposal also retains backward compatibility. This means that existing AMM pools would default to the current constant-product curve, but new curve types would use distinct ledger keys, providing for multiple AMM pools to exist for the same asset pair, each of which would use a different curve.
If the proposal is adopted, it could potentially make XRPL’s native automated market maker more competitive with modern decentralized exchange designs. It could also provide developers with more specialized tools for different market conditions, given the volatile nature of crypto in general.
The post Major Ripple (XRP) Update: Here’s What You Need to Know appeared first on CryptoPotato.
Crypto World
Grayscale Reveals The One DAT That Could Beat MicroStrategy’s Bitcoin Treasury
Grayscale Research says SpaceX is on track to become the largest diversified public company holding Bitcoin (BTC). The Elon Musk-led space firm disclosed 18,712 BTC on its balance sheet ahead of an early June listing.
At a current BTC price near $75,954, the holding is worth roughly $1.42 billion. That equals about 0.1% of the $1.75 trillion market capitalization SpaceX is reportedly targeting at IPO.
Why SpaceX Stands Apart From MicroStrategy
Grayscale separates corporate Bitcoin holders into two camps.
- Pure-play digital asset treasuries (DATs) like MicroStrategy hold tokens primarily as a vehicle for equity investors.
MicroStrategy’s record BTC stack now sits near 843,738 coins with limited operating revenue outside that position.
- SpaceX sits in the second camp alongside Tesla’s Bitcoin treasury, Coinbase, and Block.
Its rockets, Starlink network, and government space contracts generate revenue independent of crypto markets. The Bitcoin reserve serves as a small hedge rather than the centerpiece of the balance sheet.
That distinction matters for how investors model the stock. A diversified business with a small BTC position carries different risks than a leveraged Bitcoin proxy.
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Grayscale Expects More Corporate Adopters
In its report, the firm said corporate buyers often allocate to Bitcoin for the same reason other investors do. The most common motivation cited is portfolio diversification against fiat currency risk.
The asset manager’s 2026 crypto themes point to more diversified businesses following the same path in coming years.
“SpaceX is about to become the largest public company holding Bitcoin,” Grayscale stated.
At least 100 publicly traded firms have adopted some form of BTC treasury policy. Combined holdings now total around 1.24 million Bitcoin, more than 5% of total supply.
The corporate Bitcoin adoption surge keeps drawing in firms outside traditional finance.
MicroStrategy will still dwarf SpaceX in absolute terms. Its stack is more than 45 times larger and trades primarily as a Bitcoin proxy.
SpaceX’s stake, by contrast, will function as a small line item beside its space, satellite, and AI ventures.
SPCX is set to debut on Nasdaq June 12. Early activity in the SpaceX pre-IPO trading market already gives traders a way to position before listing day arrives.
The post Grayscale Reveals The One DAT That Could Beat MicroStrategy’s Bitcoin Treasury appeared first on BeInCrypto.
Crypto World
Crypto PAC-backed Menefee unseats Al Green in Texas runoff
Pro-crypto Democrat Christian Menefee defeated longtime Representative Al Green in the Democratic primary runoff for Texas’ redrawn 18th Congressional District.
Summary
- Menefee defeated longtime incumbent Al Green after Fairshake-linked PACs made the race a crypto test.
- Fairshake affiliate Protect Progress spent millions backing Menefee and opposing Green before Tuesday’s runoff vote.
- Green’s loss may push crypto policy deeper into Democratic midterm races before November’s 2026 elections.
The Associated Press called the race shortly after polls closed on Tuesday, May 26. Meanwhile, the result ends Green’s two-decade run in Congress and puts Menefee in position for the November election. He will face Republican nominee Ronald Whitfield, according to Axios.
Menefee had already won a special election earlier this year to fill the seat left vacant after former Representative Sylvester Turner’s death. Green entered the race after Texas lawmakers redrew his old district.
Fairshake spending shaped the race
As reported by crypto.news, Protect Progress, a Fairshake-linked super PAC, spent $5 million supporting Menefee and $2.8 million opposing Green before the runoff. The report also said Fairshake had $193 million in cash on hand heading into 2026.
The spending turned the Houston race into one of the clearest early tests of crypto political power in the 2026 cycle. Green had voted against both the GENIUS Act and the CLARITY Act, two bills supported by many crypto policy groups.
Fairshake spokesperson Geoff Vetter said, “Fairshake was the difference-maker in this race.” He added that Green’s defeat showed that anti-crypto positions can carry electoral costs.
Menefee’s crypto stance drew industry support
Menefee has presented himself as open to blockchain policy. His campaign website says blockchain can increase trust, transparency, and efficiency in areas such as finance and supply chains.
Stand With Crypto gives Menefee an A rating and says he strongly supports crypto. The group says he backs clear rules for digital asset businesses, self-custody rights, and clearer definitions for whether assets are securities or commodities.
Green holds an F rating from Stand With Crypto. The group lists his votes against the CLARITY Act, GENIUS Act, FIT21, and other crypto-related measures.
Crypto policy enters the midterm fight
The Texas result comes as crypto policy remains active in Washington. As crypto.news reported, the CLARITY Act faces a tight legislative calendar before the 2026 midterms, while Treasury rulemaking under the GENIUS Act has moved stablecoin oversight deeper into federal compliance work.
The race also follows wider debate over Democrats and crypto. In related coverage, crypto.news reported that Y Combinator co-founder Paul Graham called Senator Elizabeth Warren’s anti-crypto stance a political mistake for Democrats.
Menefee’s win does not settle the national crypto policy debate. It does show that crypto-funded groups can spend heavily in party primaries and point to clear results when candidates take sharply different positions on digital assets.
Crypto World
Ripple News and XRP Price Update: May 27
The past few days saw a few interesting developments concerning both Ripple and its native cryptocurrency XRP. From on-chain developments to claiming some interesting titles, let’s have a look at some of the more important news and see how the price has been doing lately.
XRP Price Update May 27
XRP’s price has been trending downward in the past few days, losing 2.6% during the last week. The move has been mostly in line with the rest of the market, with certain exceptions.
At the time of this writing, XRP is trading at around $1.32.
It’s down 9% over the last two weeks, 8% during the last month, and over 42% over the last year. It appears that the altcoin is unable to take off, although that could be said for many large- and small-cap cryptocurrencies.

As you can see on the graph, the price action has mostly been choppy and range-bound. XRP is unable to escape the $1.3-$1.4 range, which many analysts consider pivotal.
XRP Ledger Unveils New AMM v2 Standard
The XRP Ledger Foundation has officially proposed a significant upgrade to the XRP Ledger’s decentralized exchange in a new draft standard called AMM v2.
The update plans to expand XRPL’s automated market maker framework far beyond the current constant product model that’s used in XLS-30 AMMs. Behind this proposal, liquidity pool creators would be able to choose from multiple curve types. These would be based on market needs, including Concentrated Liquidity pools, StableSwap pools, Constant product pools, and so forth.
The ultimate purpose behind the proposed upgrade is to improve capital efficiency, liquidity, and tokenization across the entire XRPL ecosystem.
Ripple Eyes Tokenized Finance as Next Major Growth Vertical
Real-world assets cryptocurrencies are becoming increasingly popular, and tokenization is taking over Wall Street. That said, Ripple is positioning itself to capture a slice of a projected $18.9 trillion tokenization market in the next six years, according to a joint study between Ripple-BCG and Securitize.
Some of the biggest names in finance are converging on the same idea: tokenization is the next trillion dollar industry.
A number of major forecasts are implying 100x growth from today’s $34 billion market.
The future is bright for tokenization. pic.twitter.com/7zKyiNXrz4
— Securitize (@Securitize) May 26, 2026
The forecast suggests that tokenized assets could grow 100-fold from today’s estimated $34 billion market. Ripple’s strategy focuses on creating the money layer of tokenization, which relies primarily on its stablecoin, RLUSD. XRPL will serve as Ripple’s core infrastructure and already supports hundreds of real-world asset projects.
Ripple: One of the Best Workplaces in the Bay Area (Public Overview)
In an official post, Ripple shared that Fortune Magazine has named the company one of the best places to work in the Bay Area in 2026.
According to the report, 95% of employees at the company believe it’s a great environment. It’s also worth mentioning that the rankings place Ripple above other well-known US-based technology firms.
The post Ripple News and XRP Price Update: May 27 appeared first on CryptoPotato.
Crypto World
Bitcoin’s (BTC) run against gold is breaking. What next?
Bitcoin’s three-month uptrend against gold seems to have ended, as ETF flows shift toward gold and other precious metals.
That’s evident from the bitcoin-to-gold ratio, which measures the per-coin dollar price of BTC against the per-ounce dollar price of gold. This is the chart that tells you which “store of value” investors actually prefer at any given moment.
Since early March, bitcoin has been the clear winner, lifting the ratio higher from roughly 12 points to 18 points.
But not anymore.
The growth has stalled lately, and, over the past 24 hours, it has decisively turned lower, snapping the three-month uptrend.

The ratio has penetrated the uptrend line, characterizing BTC’s mini-bull run against gold. In the world of technical analysis, this is a major breakdown, signaling a renewed shift in momentum in favour of gold.
Why this matters
The signal is not just about lines on the chart, but tells us where the smart money may be headed next.
When the Iran war began in late February, and oil prices shot up to over $100 per barrel, investors looked for a place to park cash. And for a while, they bet on bitcoin as a haven, as evidenced by the upswing in the BTC-gold ratio.
But the same ratio has now invalidated its uptrend, pointing to renewed investor rotation into gold.
Note that chart patterns like trendline breakdowns can and often are fleeting, but for now, the message is clear: gold could outperform BTC in the near-term.
Market flows support that interpretation.
Precious metal ETFs in demand
Exchange-traded funds tied to bitcoin have fallen out of investor favor, losing over $2 billion in two weeks amid a hardening of Treasury yields and the prospect of higher-for-longer interest rates in the U.S.
Meanwhile, gold and precious metal funds are in demand. These funds drew $2.34 billion in investor money during the week ended May 20, extending their inflow streak to a second consecutive week, Reuters reported, citing LSEG Lipper data.
As of writing, bitcoin changed hands near $75,600, down 0.3% from midnight UTC hours and gold traded largely flat around $4,500.
Crypto World
Bankless co-founder sells ETH but stays bullish on Ethereum
Bankless co-founder David Hoffman said he sold his ETH after reassessing the long-running “ETH is money” thesis.
Summary
- Hoffman sold his ETH after saying the asset’s money thesis has largely played out now.
- He remains bullish on Ethereum, but says apps and L2s may capture more value directly.
- Related crypto.news coverage shows stablecoins, L2 fixes, and ETH treasuries still driving activity across Ethereum.
In a May 26 X post, Hoffman wrote that Ethereum has earned its current market position, but he sees less room for ETH to receive a new structural rerating from the market.
Hoffman said the sale does not mean he has turned bearish on Ethereum. He said he remains bullish on the network and its ecosystem, while arguing that only part of that growth may flow back to ETH itself. He framed the decision as a capital allocation move after concluding that “the ‘ETH is money’ thesis has played out.”
Ethereum growth may not flow directly to ETH
Hoffman’s argument centers on how Ethereum creates value. He said the network supports applications, layer-2 networks, stablecoins, tokenized assets, and DeFi, but its open-source design gives much of that value back to the ecosystem.
In his view, Ethereum can grow as infrastructure even if ETH does not capture all of that growth as an asset.
He also pointed to stablecoins as part of that shift. As previously reported in April, Ethereum’s stablecoin supply had reached a record $180 billion, giving the network close to 60% of global stablecoin supply. That supports network use, but it also shows how Ethereum can strengthen dollar-based payment rails rather than only ETH demand.
Meanwhile, as crypto.news reported, Vitalik Buterin said the Ethereum Foundation will sell less ETH under a leaner long-term plan focused on security, privacy, openness, and censorship resistance.
L2 activity remains central to the debate
The same value-capture question also appears across Ethereum’s layer-2 roadmap. Hoffman said L2 teams needed freedom to move fast, but also needed stronger ties to the broader Ethereum economy and brand. His point was that Ethereum’s rollup strategy helps scaling, but may leave more margins with L2s and applications.
As previously reported by crypto.news, Gnosis, Zisk, and the Ethereum Foundation launched the Ethereum Economic Zone at EthCC to address L2 fragmentation. The framework targets more than 20 L2s securing about $40 billion in value and aims to standardize ETH as gas across participating networks.
ETH treasuries show another side of demand
Hoffman’s sale comes as some public companies keep building Ethereum-linked treasury strategies. Crypto.news reported that SharpLink secured inclusion in the Russell 2000 and Russell 3000 indexes, with the move tied to its Ethereum treasury business and broader institutional crypto exposure.
That contrast gives the story its market angle. One Ethereum-native voice has moved away from ETH as a personal holding, while some companies continue to build financial products around the asset.
Hoffman’s position sits between those two views: Ethereum can keep growing, but ETH may no longer offer the rerating he once expected.
The timing also lands during a wider Bankless transition. As crypto.news reported on May 21, Bankless faced backlash over reported staff cuts, while co-founder Ryan Sean Adams said the media brand’s first era had ended. Hoffman’s ETH sale now adds another marker to that shift.
Meanwhile, Ethereum (ETH) traded near $2100 at the time of reporting, indicating 1% decline in the past 24 hours and 2% decline in the past week, based on crypto.news data.

Crypto World
Massive $20K Bull Market For Ethereum Coming, But $1,500 Could Come First: Analysts
Crypto investor ‘DeFi Dad’ said on Tuesday that once Ether prices reach $5,000, it will take off, mirroring the price action Bitcoin saw almost a decade ago.
The last cycle “was so off for ETH, despite all that’s been built on Ethereum,” he said, citing major institutional involvement, stablecoins, and ETFs.
“Fundamentals clearly needed time to catch up with price, and we over-corrected as we normally do in crypto.”
ETH to $20K or $1,500?
He forecast ETH could rise tenfold to around $20,000 in the next bull market by mirroring Bitcoin’s 2017 fractal patterns, with explosive gains in 2027 to 2028 following the current bear market.
DeFi Dad took 12 months of fractals from BTC price action in 2017 when it exploded from $2,000 to $20,000 to map out what 12 months of price action might look like for Ethereum after the market has bottomed.
However, that market bottom is still looming, and analyst ‘Chain Mind’ predicted that ETH would dump back to the $1,500 level if current support is lost.
ETH IS GOING TO DUMP HARD SOON?
This is the crucial moment for ETH:
Hold = we are going up
Break = dump to ~$1,500 levelsMeans the next daily close decides the next major ETH move.
Notifs on, I’ll update you on this pic.twitter.com/q22p7ssg9d
— 𝗖𝗛𝗔𝗜𝗡 𝗠𝗜𝗡𝗗
(@0xChainMind) May 25, 2026
This would be a “trendline reset,” sending prices back to October 2023 and April 2025 levels when Ether crashed to long-term support at $1,500.
“This is the crucial moment for ETH,” the analysts said.
Analyst Alex Marzell observed that support above $2,050 is still holding, but predicted a pullback to February levels if it were to break.
“If ETH loses this area convincingly, the move toward the $1,800 support zone could accelerate fast.”
Ethereum FUD is currently at peak levels following an exodus from the Ethereum Foundation and from long-term network proponents, such as David Hoffman of Bankless, who threw in the towel and sold all of his ETH.
ETH Price Outlook
Spot prices are reacting to the negative sentiment, trading lower on the day as ETH failed to hold above $2,100.
The asset fell to an intraday low of $2,060 during the Wednesday morning trading session, and has lost almost 10% over the past fortnight.
It has been consolidating for four months but appears to be heading toward the lower bound of the channel, below the psychological $2,000 level.
The post Massive $20K Bull Market For Ethereum Coming, But $1,500 Could Come First: Analysts appeared first on CryptoPotato.
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