Crypto World
BTC, ETH, XRP and More
Bitcoin extended its rebound, clearing the $79,000 area and signaling renewed bullish momentum. A breakout above the nearby $78,333 resistance increases the likelihood of a move toward $84,000 if buyers sustain the gain, according to market observations surrounding the latest price action. Decode noted on X that BTC appeared ready for a short squeeze as bulls pressed higher, adding to the sense of a hopeful recovery for the broader market.
On-chain signals offered cautious optimism. CryptoQuant analyst CW8900 highlighted that Bitcoin’s adjusted Net Unrealized Profit/Loss (NUPL) has turned positive, a sign that the market could be transitioning from distribution to accumulation. In parallel, the Bitcoin Bull Score Index (BSI) has returned to neutral territory for the first time since the bear market began, a development some analysts caution may still precede further volatility rather than guaranteeing an immediate upturn.
Key takeaways
- Bitcoin clears a key ceiling: BTC trading above $78,333 opens the door to a potential move toward $84,000, with a sustained push above the $79,000 mark reinforcing the bullish setup; a fall below the 20-day exponential moving average (~$73,758) would complicate the setup and could put $70,934 (the 50-day simple moving average) back into play.
- Ether shows resilience above a pivotal level: ETH rebounded off the 20-day EMA near ~$2,273 and is eyeing a breakout beyond $2,465, which could clear the path toward $2,800; a dip below the 20-day EMA would raise the risk of a pullback toward the $2,157 area near the 50-day SMA.
- Altcoins poised for a broader move: Several major assets are attempting to rise above resistance levels, signaling aggressive buying on dips and a possible wider risk-on rally for the sector.
- XRP and trendline dynamics to watch: XRP has bounced from nearby moving averages and could target the downtrend line; a confirmed breakout above that line would bolster the case for a short-term uptrend toward around $2.
- Mixed setups among popular assets: Cardano faces resistance in the region between the 50-day SMA and a downtrend line, while BNB has cleared $649 and could move toward $687 and then $790 if momentum persists.
Bitcoin and Ether anchor the relief rally
Bitcoin’s bid-up from the 20-day exponential moving average, which sits near $73,758, helped push the price above the $78,333 threshold. Should BTC hold above this level, traders anticipate further upside toward the mid-$80,000s, with $84,000 representing a potentially pivotal target. Conversely, a failure to sustain above the 20-day EMA would raise the odds of a pullback toward longer-term averages, including the 50-day SMA at roughly $70,934.
Ether’s setup echoes the broader risk-on mood. After a bounce off the 20-day EMA around $2,273, ETH has shown signs of renewed demand, supported by upward-sloping moving averages and bullish momentum indicators in the near term. A clearance of $2,465 would clear space toward the $2,800 region, while a break below the 20-day EMA could pull ETH back toward the $2,157 level near the 50-day SMA.
Altcoins in motion: XRP, BNB, SOL, DOGE and more
XRP turned up from its short-term moving averages, suggesting traders are starting to view dips as opportunities. The bulls’ next milestone would be a push above the downtrend line, which could open a path toward $2 if momentum builds decisively.
BNB extended its recovery after clearing the $649 barrier. If buyers sustain the move, the next targets could lie near $687, with potential extension toward $790 should the uptrend gather pace. A failure to hold above the moving averages could keep the pair range-bound for the near term.
Solana remains near key moving averages, with a break above $91 potentially opening a route toward $98 and, if sustained, toward $117. A slide back below the moving averages could prolong a period of range-bound action around the current levels.
Dogecoin regained upside momentum, eyeing a test of $0.10 and, if buyers stay in control, a move toward $0.12. A sharp retreat below $0.09 would reintroduce risk of a deeper pullback toward the February low around $0.08.
Hyperliquid has bounced off the 50-day SMA near $38.41, signaling dip-buying activity. The 20-day EMA is flattening and the RSI sits near the midpoint, suggesting a possible range formation in the near term. A sustained move above $45.77 would be needed to re-ignite the uptrend, while a break below the 50-day SMA could drag the price toward the $34.45 level on a renewed pullback.
Cardano is testing the resistance zone between the 50-day SMA (approximately $0.26) and a downtrend line. A successful breakout above that line could push ADA toward $0.32 and then to $0.37, while a turn lower could keep the price within the descending channel for longer.
Bitcoin Cash has clawed above the 50-day SMA around $454, with the moving averages hinting at bullish crossovers. If BCH can conquer the $486 resistance, a rally toward $520 becomes more plausible. A failure to sustain this level could keep BCH in a tighter range between the moving averages.
Monero surged past $382 but faces a challenge in maintaining momentum. A close above this level would target a fresh ascent toward the chart pattern’s objective near $462, while a drop below $382 could see bears resume selling rallies and push XMR back toward the moving averages’ support.
Overall, the current setup paints a picture of a tentative relief rally taking hold, with Bitcoin and Ether acting as the key anchors for broader market optimism. Yet, the spectrum of individual coin dynamics – from XRP and ADA to BCH and XMR – underscores the uneven pace of recovery across the sector and the ongoing influence of macro factors and on-chain signals.
Analysts note that while on-chain metrics have turned more constructive recently, the path forward remains uncertain. The market’s next moves may hinge on whether BTC can sustain above critical levels, whether ETH can push through sub-1% resistance zones, and how the rest of the crypto ecosystem responds to this renewed risk-on sentiment. As always, investors should manage risk and stay alert to shifts in technical levels and on-chain data.
Watch for continued price action near the key levels highlighted above and for any fresh on-chain signals that could confirm or challenge the current narrative. The coming sessions will indicate whether this relief rally has legs or remains a tactical bounce within a longer-running regime of caution.
French hardware wallet maker Ledger has paused its planned US initial public offering (IPO), joining Kraken on the sidelines and thinning what was set to be crypto’s biggest listing year.
Sources familiar with the process said Ledger has not filed a confidential S-1 with the Securities and Exchange Commission (SEC), the formal first step toward a US listing, and may pursue private fundraising instead.
A Thinning 2026 IPO Pipeline
Ledger had hired Goldman Sachs, Jefferies, and Barclays earlier this year to lead a potential New York listing valued above $4 billion.
The pause leaves that mandate idle and removes one of the most anticipated crypto issuances from the 2026 schedule.
Kraken shelved its own IPO in March after confidentially filing in November 2025. The exchange’s valuation slipped to $13.3 billion in April from a $20 billion peak last year, a signal that public markets are already discounting crypto operators.
The Cost of Staying Private
Pausing comes with tradeoffs. Existing Ledger investors and employees lose a near-term exit, leaving secondary sales as the main liquidity option.
The company tapped that route in March with a $50 million share sale, but private rounds rarely match the depth of public markets.
BitGo, the only crypto firm to complete a US listing this year, debuted in January at $18 per share and now trades near $12, more than 30% below its offer price.
That performance gives peers a clear reason to wait rather than test investor appetite.
Ledger’s Growth Story Continues
Notwithstanding, the Paris-based firm is growing US operations, recently hiring a chief financial officer from stablecoin issuer Circle and building enterprise custody products for banks.
Founded in 2014, Ledger says it secures over $100 billion in client crypto assets.
The IPO pipeline reopening by the second half of 2026 depends on token prices, trading volumes, and how the next crypto-adjacent listing performs.
In the meantime, the pause keeps Ledger private and the broader sector waiting.
The post Ledger Joins Kraken in Pausing US IPO, Stalling Crypto’s 2026 Public Listing Wave appeared first on BeInCrypto.
The company behind the popular cryptocurrency XRP made headlines again by collaborating with some well-known names.
The price of its native token has risen by 9% over the past month, while the sustained institutional interest suggests a further ascent could be on the way.
Partnerships and More
Earlier this week, Ripple announced the successful closing of a $200 million debt facility from funds managed by Neuberger Specialty Finance, the dedicated asset-based division within the global investment management firm Neuberger.
The new capital will help Ripple Prime (formerly known as Hidden Road) to expand its services and support more institutional clients. Ripple also noted that demand for reliable, large-scale financing solutions continues to grow across both traditional and digital markets. Speaking on the matter was Noel Kimmel, President of Ripple Prime:
“This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency. Neuberger Specialty Finance has deep expertise in asset-based finance and a strong understanding of our business model, and its support reflects the differentiated prime services platform we have built and the many growth opportunities available to us.”
For his part, Peter Sterling (Head of Neuberger Specialty Finance) applauded Ripple Prime for building an innovative brokerage platform that combines “fintech-grade technology and agility with bank-level compliance and operational rigor.”
The initiative caught the eye of numerous crypto commentators. The popular X user Vincent Van Code claimed this has marked Ripple’s jump into “financial liquidity.”
“Land wait til this $200m number becomes $20BN on chain. And then wait for XRP to become not only the bridge but a margin facility,” they added.
In the meantime, the Brazilian fintech and blockchain infrastructure company Levery joined Ripple UDAX and the local research and educational foundation FGV “to bring institutional on-chain liquidity” to LatAm banks. UDAX stands for the University Digital Asset Xcelerator – a mutual initiative between Ripple’s University Blockchain Research and UC Berkeley.
The ETF Front
Institutional interest in spot XRP ETFs has strengthened lately, with millions of dollars flowing into these products daily. On May 11 alone, inflows topped $25 million, marking the best day since the beginning of January. In fact, the last time outflows surpassed inflows was on April 30.
When new capital enters these products, issuers must buy actual XRP to back the sold shares. This steady demand can lift the asset’s price, especially when it outpaces available supply.
The companies that offer such ETFs in the USA include Canary Capital, Bitwise, Franklin Templeton, Grayscale, and 21Shares. The cumulative total net inflow generated by these financial vehicles since their launch is over $1.36 billion.
RLUSD’s Progress
Ripple is best known for its native token XRP, but its ecosystem also includes the stablecoin RLUSD, which is pegged 1:1 to the American dollar.
It officially saw the light of day towards the end of 2024, and since then, numerous financial giants and exchanges have embraced it. Some examples include the oldest bank in the US, BNY Mellon, as well as the popular trading venues Binance and OKX. Recently, Quick AI revealed that RLUSD is available on its payment protocol Q402.
“Users can pay in RLUSD without holding gas. Q402 covers execution. Every payment also gets a Trust Receipt: signed, shareable, and verifiable in the browser,” the announcement reads.
As of press time, the stablecoin’s market capitalization stands at almost $1.6 billion, making it the 56th-biggest cryptocurrency.
XRP Price Outlook
The asset trades at roughly $1.42 after posting a solid 9% increase over the past month. Moreover, several factors suggest that a more substantial pump could be on the horizon. A few days ago, the renowned analyst Ali Martinez disclosed that the TD Sequential indicator had flashed a buy signal on XRP’s price chart, expecting an ascent to $1.82 if the valuation decisively breaks through the $1.45 resistance.
Moreover, the analytics platform Santiment revealed that the number of wallets holding at least 10,000 tokens has reached a new all-time high of 332,230.
“Historically, rising numbers of mid-to-large wallets suggest increasing conviction from investors who are less focused on short-term price swings and more interested in long-term positioning. This is especially notable because XRP has spent much of 2026 trading below previous highs, meaning many holders appear willing to accumulate during fear rather than chase momentum,” the team added.
The post Ripple (XRP) News Today: May 13 appeared first on CryptoPotato.
Nvidia (NVDA) stock price has rallied for seven consecutive sessions since the May 6 breakout, climbing to $227 on May 13. The move sits inside a 32% measured move setup, and the fundamental catalysts behind it have just multiplied.
Jensen Huang joined President Trump’s Beijing delegation as a last-minute addition on Tuesday, putting $50 billion in China AI chip opportunities back in play.
At least five Wall Street firms have raised or reiterated their Nvidia price targets in the past 48 hours. Earnings land on May 20. But the Chaikin Money Flow is sending a quieter, more cautious signal underneath the rally.
Nvidia Stock Bull Flag Breakout Targets $267
The Nvidia stock chart broke out of a bull flag and pole pattern on May 6, 2026. The pole rallied 31.92% across April and early May, and the flag resolved upward with strong volume on the breakout candle.
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Every daily session since May 6 has closed green. The measured move projects a 32% rally from the breakout zone, with $267 the textbook target.
The fundamental catalysts have stacked up in the past 48 hours. Jensen Huang joined President Trump’s delegation to Beijing as a last-minute addition on May 12.
Trump personally called Huang after the Nvidia CEO was initially absent from the executive list, and Huang flew to Alaska to board Air Force One. Beijing has been pushing for greater access to Nvidia’s H200 AI chips, a market Huang has sized at $50 billion.
Wall Street has reinforced the setup. Bank of America’s (BofA) Vivek Arya raised the firm’s Nvidia price target to $320 from $300 on May 13, citing a $1.7 trillion total addressable market for 2030 AI data centers.
Wells Fargo’s Aaron Rakers raised to $315 from $265 on May 12, using a new gigawatt-capacity model. Susquehanna’s Christopher Rolland raised to $275 from $250, aligned with the chart targets discussed earlier. Citi reiterated $300. Oppenheimer reiterated $265.
The Nvidia stock price now sits between the breakout zone and the target, with earnings due May 20. The next signal sits in the institutional flow data.
Money Flow Sends a Quieter Warning
The Chaikin Money Flow (CMF) indicator, which measures the volume-weighted balance of buying and selling pressure as a proxy for large money positioning, sits at 0.24 on the Nvidia daily chart.
The reading is in positive territory. The interesting signal is what has happened underneath it. The CMF peaked in late April and has since trended steadily lower, while Nvidia’s stock price has trended higher. The result is a bearish divergence on the daily chart.
That divergence does not invalidate the breakout. Big-money flow has softened, but it remains net positive. The pattern is consistent with profit-taking into strength or hedging ahead of the May 20 earnings report.
The put-call ratio data adds the second layer. The Nvidia put-call volume ratio sits at 0.32 on May 13, up from 0.29 around the May 6 breakout. The open interest ratio has eased to 0.80 from 0.81 over the same period.
The increase in volume-based puts alongside steady open interest fits the same picture as the CMF divergence.
Some hedging is being added to the rally, but overall positioning remains heavily call-skewed, with put-call ratios well below 1.0. The setup stays bullish with some prudence layered in.
Nvidia Stock Price Levels Show $227 as the Decision Point
Nvidia stock price trades at $226, sitting right next to $227, the 0.618 Fib zone of the recent range.
The 0.618 level is the structural pivot. A daily close above $227 opens $235, $247, and the textbook pattern target at $267. Beyond that, the 1.618 extension at $279 aligns with Susquehanna’s price target.
The 2.618 extension at $332 sits just above Bank of America’s $320 target.
The downside levels matter too. Support stacks at $214 and $207. A daily close below $207 would weaken the breakout structure. The deeper invalidation sits at $194, the 0 Fibonacci anchor. A break under $194 would weaken the entire bullish structure.
A daily close above $227 keeps the path to $267 open and brings the analyst price ladder into view. A close below $207 hands control to the CMF divergence and risks a deeper consolidation toward $194.
May 20 earnings will likely break the tie.
The post A Phone Call From Trump Just Earned Nvidia Stock a Potential 30% Boost appeared first on BeInCrypto.
Wall Street market maker Jane Street reduced its exposure to Bitcoin exchange-traded funds (ETFs) in the first quarter of 2026 while increasing positions in Ether funds.
Jane Street cut major Bitcoin ETF holdings in Q1 2026, including BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), according to a 13F filing published Tuesday.
IBIT holdings fell about 71% from Q4 2025 to roughly 5.9 million shares valued at about $225 million, while FBTC dropped about 60% to around 2 million shares worth roughly $115 million.
At the same time, Jane Street increased its exposure to Ether (ETH) ETFs, nearly doubling its position in BlackRock’s iShares Ethereum Trust (ETHA) and sharply raising its stake in Fidelity Ethereum Fund (FETH), adding about $82 million combined across the two products over the quarter.
The move comes amid early signs of institutional Ether ETF buying in early 2026, including increased exposure reported at Wells Fargo. The filing points to a reshuffling of Jane Street’s reportable crypto-linked holdings at quarter-end, though 13F disclosures do not show the market maker’s full trading book or net exposure.
Bitcoin exposure weakens further as Strategy stake falls
Jane Street’s Bitcoin-linked exposure weakened further in Q1 2026 as it reduced its stake in Michael Saylor’s Strategy (MSTR) alongside major ETF cuts.
In Q4 2025, the firm held about 968,000 MSTR shares worth roughly $145.9 million. By Q1 2026, the common stock stake fell to about 210,000 shares valued at roughly $27 million, a decline of about 78% quarter-over-quarter.
Jane Street increased its Strategy (MSTR) position by 473% in Q4 2025. Source: TheBTCTherapist
Strategy selling followed significant buying in the previous quarter as Jane Street reportedly increased MSTR position by 473% in Q4 2025.
In Q1 2026, the company also trimmed exposure across several Bitcoin mining stocks, including IREN, Cipher Mining, TeraWulf and Core Scientific.
Increased exposure to Coinbase, Galaxy and Riot
Despite broad downside pressure on Bitcoin-related assets, Jane Street increased exposure to several crypto-linked equities over the quarter, suggesting more selective positioning in crypto-related equities rather than a broad exit from the sector.
Jane Street raised its stake in the crypto mining company Riot Platforms (RIOT) to about 7.4 million shares, up from 5 million, increasing its value to roughly $91 million from $63 million.
It also increased its position in Coinbase (COIN) to about 888,000 shares from 778,000, with the value rising to about $155 million from $176 million in the prior quarter.
Related: EToro profits rise as commodities boom offsets crypto trading slump
Galaxy Digital (GLXY) saw the sharpest expansion, jumping to about 1.5 million shares from just around 17,000, lifting its value to roughly $28 million from around $380,000.
Jane Street posted a record $16.1 billion in Q1 trading revenue, according to Reuters, as volatile markets and gains tied to artificial intelligence-related investments boosted financial results.
Magazine: Strategy reveals why they would sell BTC, Trump Media posts loss: Hodler’s Digest, May 3 – 9
A Bitcoin holder posting as cprkrn on X (Twitter) said he recovered 5 BTC from a wallet locked for more than 11 years after uploading his old college computer files to Anthropic’s Claude AI.
They claimed the chatbot found an encrypted wallet file, debugged the open-source tool btcrecover, decrypted the keys, and converted them to Wallet Import Format. He had paid roughly $250 per failed attempt at commercial services before turning to AI.
How Claude Cracked the Wallet
cprkrn said he uploaded files from his old college machine to Claude as a last attempt. The chatbot located an encrypted wallet file among the dumped data, then turned to btcrecover, a widely used open-source recovery utility.
Screenshots posted to X show the model worked through the password logic. It found that btcrecover concatenates a sharedKey value with the user password during decryption. The private keys then decrypted on the first corrected run.
The recovery hinged on a mnemonic the user said he rediscovered weeks earlier. He set the original password while in college and changed it shortly after, joining a long list of crypto fortunes stranded for years.
Last ditch effort dumped my whole college computer into Claude. It found an OLD wallet file that the pneumonic successfully decrypted,” posted cprkrn.
With the pioneer crypto now trading for $79,622, the recovery is now worth almost $400,000.
Why the Case Is Drawing Attention
The recovery post drew more than one million views within hours. Castle Island Ventures partner Nic Carter called the result “insane.” Crypto journalist Laura Shin and Base creator Jesse Pollak posted similar reactions.
Experts say the recovery is proof of how general-purpose AI now handles specialized cyber and debugging work.
Meanwhile, wider attention has followed Anthropic as Claude’s capabilities expand.
The case adds to a growing pile of recoveries tied to long-dormant addresses. Roughly a third of all Bitcoin supply remains held in wallets that have not moved in years, per Glassnode data on dormant coins.
Whether the technique extends to other forgotten wallets depends on the files holders kept from earlier years. cprkrn advised others to upload everything from old machines and notebooks before giving up.
The post Bitcoin Holder Recovers 5 BTC From 11-Year Locked Wallet Using Claude AI appeared first on BeInCrypto.
Best Liquidity Provider is a category within the BeInCrypto Institutional 100, an annual research-driven program recognising institutional digital asset excellence across 26 categories and six pillars.
This category sits under Pillar 2: Capital Markets & Infrastructure. The 15 firms below are listed alphabetically and are not ranked. A shortlist will be named in May 2026, with the winner announced at Proof of Talk in Paris on June 2–3, 2026.
Key Facts
- Long list: 15 firms across crypto-native market makers, TradFi prop firms with crypto desks, regulated European and Asian LPs, HFT platforms, prediction-market specialists, and multi-strategy LPs
- Initial pool: More than 30 firms screened; 15 advanced to the long list
- Order: Listed alphabetically, not ranked
- Scoring: 50% quantitative data · 50% Expert Council
- Criteria assessed: Average daily trading volume, venue connectivity, token and pair coverage, regulatory licensure, settlement and risk framework, asset class breadth, reputation, innovation signal
- Data sources: FCA, NYDFS, FINMA, BaFin, MAS, SFC, GFSC, VARA, MiCA-CASP registers, audited filings, issuer disclosures, partnership announcements, KBRA/Kroll, PitchBook, Tracxn, and Crunchbase
| Firm | LP Sub-Segment | HQ | Reach | Top Licensure / Platform | Representative Work |
| Auros | Algorithmic crypto-native market maker | Hong Kong / Sydney | Multi-strategy LP across CeFi, derivatives, options, and DeFi Recovered scale after 2023 restructuring |
Crypto-native algorithmic trading firm Multi-jurisdiction operating footprint |
Auros Ventures launched with $50M+ allocation Expanded to approximately 4% of global crypto MM volume by mid-2024 |
| B2C2 | Institutional OTC and algorithmic execution | London, UK | SBI Holdings majority-owned since 2020 Offices in London, New York, Tokyo, and Singapore |
FCA, NYDFS BitLicense, Luxembourg VA EU MiFID framework |
Provides 24/7 OTC across spot, derivatives, and structured products Launched Solana stablecoin settlement infrastructure in 2026 |
| Caladan | TradFi-pedigree multi-strategy crypto MM | Singapore / New York | $170B+ annual trading volume 1,000+ digital assets across 70+ exchanges |
Singapore operating base Exploring US broker-dealer and FINRA registration |
OTC options desk launched in Oct 2024 New York office opened in May 2025 |
| Cumberland (DRW) | TradFi prop firm crypto institutional LP | Chicago, USA | Subsidiary of DRW Holdings DRW founded in 1992 with multi-asset coverage |
TradFi-regulated proprietary trading firm Privately held by DRW |
Provides institutional crypto OTC and market making Serves hedge funds, asset managers, and prime brokers |
| Flow Traders | European TradFi market maker extending to crypto | Amsterdam, Netherlands | Listed on Euronext Amsterdam Multi-asset coverage across equities, FX, fixed income, and digital assets |
Public-listed market maker Multi-jurisdiction TradFi licences |
Supports crypto ETP creation and redemption flows Extends TradFi execution technology into digital assets |
| Flowdesk | European crypto MM and capital markets services | Paris, France | Active across 100+ trading venues Multi-asset liquidity coverage |
French regulatory framework Series B closed in 2024 |
Combines market making with OTC and derivatives services Provides capital markets support for token issuers and exchanges |
| GSR | Legacy crypto-native liquidity provider | London / Singapore / Zurich | 250+ tokens covered Founded in 2013 |
Multi-jurisdiction regulatory footprint Institutional OTC and market-making framework |
Long-standing exchange and issuer SLA provider Covers OTC, market making, structured products, and derivatives |
| Gravity Team | Asia-focused crypto market maker | Singapore | Active across CeFi and DeFi venues Crypto-native multi-strategy footprint |
Crypto-native trading firm Asia-Pacific operating base |
Provides liquidity across spot and derivatives markets Focuses on Asian markets and emerging token pairs |
| Keyrock | European institutional market maker | Brussels, Belgium | Active on 80+ exchanges 400+ tokens covered |
EU MiCA regulatory pathway $72M Series B closed |
Provides market making for issuers, exchanges, and OTC counterparties Maintains a European institutional client base |
| Optiver (Crypto) | TradFi global market maker with crypto desk | Amsterdam, Netherlands | Global TradFi market maker founded in 1986 €3.3B+ net trading income in 2022 |
Multi-jurisdiction TradFi licences Conservative capital structure |
Operates an active crypto trading desk Expanded selectively into new markets and asset classes through 2025 |
| Portofino Technologies | Swiss HFT crypto market maker | Zug, Switzerland | 35+ HFT specialists across five locations Spot, derivatives, and OTC coverage |
FCA, Swiss, and BVI regulated $50M raised from institutional investors |
Founded by former Citadel Securities leaders Joined Pyth Network as data provider in 2024 |
| Raven | Prediction-market specialist LP | Sofia, Bulgaria | Quotes more than 5,000 prediction-market contracts daily Active across CeFi, DeFi, and prediction markets |
Founder-led proprietary HFT firm $2.7M seed at $25M valuation |
Co-founded by former Wintermute employees Backed by Hack VC, Coinbase Ventures, CMCC Global, and Wintermute Ventures |
| Selini Capital | Multi-strategy crypto LP and venture | Singapore | Large crypto market participant across CeFi and DeFi Founded in 2021 |
VARA-licensed in Dubai for broker-dealer and OTC services Singapore operating base |
Provides systematic trading and statistical arbitrage Venture arm has 56+ portfolio investments |
| Wincent | Gibraltar HFT crypto market maker and OTC | Gibraltar | $5B+ daily notional volume Approximately 500,000 trades per day |
GFSC-authorised Experienced Investor Fund Founder-owned with no VC cap table |
Founded by Matus and Michal Kopf in 2017 Integrated with Wyden, Crypto Finance AG, and Laser Digital |
| Wintermute | Market maker and institutional OTC platform | London, UK | Approximately 141 employees across five continents $15B+ average daily volume across CeFi and DeFi |
FCA-affiliated group structure Wintermute Asia regulated separatelyis |
Operates NODE institutional trading platform and API Launched tokenized gold OTC and WTI crude oil CFDs |
About This List
The BeInCrypto Institutional 100 — Liquidity Provider (2026 Long List) identifies firms providing institutional-grade liquidity across digital asset markets. The category covers 24/7 OTC desks, algorithmic market-making, prediction-market liquidity, structured product market-making, bilateral streaming, and DeFi liquidity provision.
Coverage spans crypto-native liquidity providers, TradFi proprietary trading firms with crypto desks, European and Asian regulated market makers, HFT crypto market makers, and specialist providers such as Raven for prediction markets. For firms with broader business lines, this review is scoped to their LP and OTC activity.
Methodology
This category is evaluated under Track A of the BeInCrypto Institutional 100 methodology: 50% based on quantitative metrics and 50% on Expert Council scoring.
Assessment spans eight criteria: average daily trading volume, venue connectivity, token and pair coverage, regulatory licensure, settlement and risk management framework, asset class breadth, institutional reputation, and innovation signal.
The 50/50 split reflects the availability of quantitative liquidity data, balanced with Expert Council assessment of counterparty quality, execution reputation, and innovation. Specialist positioning is recognised where the firm operates in a narrower but institutionally relevant liquidity segment.
Data was verified using regulatory registers, audited filings, issuer disclosures, partnership announcements, third-party rating agencies including KBRA and Kroll, and private-market sources including PitchBook, Tracxn, and Crunchbase.
The post BeInCrypto Institutional Research: 15 Firms Providing Institutional Crypto Liquidity appeared first on BeInCrypto.
Vietnam could see the first official activity in its regulated crypto asset market as early as the third quarter of 2026, Deputy Minister of Finance Nguyen Duc Chi said at the Digital Trust in Finance 2026 forum.
“We believe that, as early as the third quarter, Vietnam could witness the first official activities of its crypto asset market, operating under a framework designed to ensure safety and transparency,” Chi said Tuesday, according to VnEconomy.
The comments mark another step in Vietnam’s effort to bring one of Asia’s most active crypto markets under formal supervision, after regulators opened a licensing pathway for domestic crypto asset trading platforms earlier this year.
The push is tied to Vietnam’s broader digital economy strategy, which reportedly targets a digital economy worth at least 30% of gross domestic product by 2030, with 80% of transactions conducted cashlessly and more than 40% of enterprises involved in innovation activities.
Vietnam targets regulated crypto launch
In March, five Vietnamese companies had reportedly passed the initial qualification round in a race to launch the country’s first regulated cryptocurrency exchange. The companies included affiliates of private banks Techcombank, VPBank and LPBank, alongside stockbroker VIX Securities and conglomerate Sun Group.
In February, Vietnam drafted a tax framework that would tax crypto transactions akin to traditional securities trading, proposing a 0.1% individual tax on each crypto transaction processed through a licensed provider.
Cointelegraph contacted Vietnam’s Ministry of Finance for comment but had not received a response by publication.
Related: LMAX Group launches digital asset collateral solution for institutions
Vietnam ranks 4th in global crypto adoption
Vietnam remains one of the world’s most active crypto markets, ranking fourth in Chainalysis’ 2025 Global Crypto Adoption Index behind India, the United States and Pakistan.
Global cryptocurrency adoption index. Source: Chainalysis
Vietnam has also emerged as a major hub for crypto trading in Asia, ranking third in terms of onchain value received with $200 billion in estimated transactions over the 12 months to June 2025, behind India and South Korea.
However, most traders still rely on offshore cryptocurrency exchanges such as Binance, OKX and Bybit.
In a bid to bring more activity to onshore platforms, Vietnam launched a five-year crypto pilot in September 2025, requiring all transactions to be conducted in Vietnamese dong through locally registered companies.
Magazine: Guide to the top and emerging global crypto hubs: Mid-2026
Sports and fans have always had a dialectical relationship. In some cultures and organisations, the club or sport calls all the shots and the fans adapt. In others, there is fan ownership of the team and shared governance.
Sports web3 has made it easier for this tense relationship to be more of a two-way street. Fans are more engaged than before, and the newfound digital fan experience all comes down to technology. It started off as Twitter and YouTube, but not blockchain is truly offering infrastructural opportunities, like fan tokens.
For clubs, the fan data captured on the blockchain is a useful marker of sentiment, predictive behaviour, and a way to more accurately reward loyalty. For fans, it’s about having evidence of their support – a new currency.
The information gap
The use of fan tokens in major sports leagues has created a need for dedicated educational resources. Platforms like Socios have helped explain token-based fan participation models to global audiences, because it is extremely novel and strange at first, and it’s helping supporters to engage with their favorite teams in new ways.
For this ecosystem to mature though, users really do need convincing. They need context and to trust the motivations, and this is where information hubs come in. For example, FanTokens provides help to people track market movements, understand concepts, and look at governance utility so they can understand what’s going on behind these digital assets.
By offering fan tokens data insights, these platforms put minds at rest over market volatility. They’re analytical reference points for those getting to grips with web3 sports platforms, and even stabilize the market so that it’s grounded in fan token data rather than just speculation. It’s the difference between just guessing a player’s popularity given its actual jersey sales and knowing how many fans across three continents voted on a specific kit design.
Transparency and ownership
At the heart of this infrastructure is digital ownership. Traditional engagement metrics have never been transparent like the public blockchain ledgers, nor immutable, regarding fan participation. Things like on-chain voting or performance-related token burns – it’s helping build trust because of the transparency.
Tokenized sports ecosystems encourage better support for their club because it reflects how their involvement impacts the broader network too. Sports blockchain adoption is still in its infancy despite being taken on by major soccer clubs. Both fans and stakeholders alike are enjoying the visibility of metrics and reward distributions – it’s not just about pushing a like button anymore, but actual stake-weighted governance. We aren’t too far away from a fan-managed team with on-field tactical inputs or player selection, at least as an experiment.
Such decentralized sports communities can’t use complex technology without everyday usability and understanding. It’s still maturing, and while it continues to do so, the demand for structured education and analytics will only mount up. Prioritizing transparent information is a must for all parties so that data-driven fandom can continue to reflect and reward the masses. There simply are no sports without fans.
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Parliamentary standards watchdog formally launched a probe into Nigel Farage over an undeclared £5M gift tied to crypto donations.
Summary
- Parliamentary Standards Commissioner Daniel Greenberg has opened a formal inquiry into whether Farage breached the Commons Code of Conduct.
- The £5M came from Christopher Harborne, a Thailand-based investor who holds a 12% stake in Tether and has given over £22M to Reform UK.
- The UK government banned political crypto donations in March 2026 after the Rycroft Review warned that digital assets could channel foreign money into elections.
The investigation centers on a £5 million payment Farage received from Christopher Harborne in early 2024, weeks before he reversed a public decision and announced his candidacy for the Clacton seat.
Harborne, who holds a 12% stake in stablecoin issuer Tether, has separately donated over £22 million to Reform UK since the party’s founding, a total that makes him arguably the largest single financial backer of any British political party in recent memory.
Farage has maintained the £5 million was a personal gift intended to cover lifetime security costs, citing a firebomb attack on his home, and that it falls under an exemption from disclosure rules. Reform UK described the payment as “unconditional and irrevocable.” Both the Conservative and Labour parties rejected the exemption argument and referred the matter to Commissioner Greenberg, who has now formally opened a full inquiry.
The ban that changed British political finance
The probe arrives seven weeks after Prime Minister Keir Starmer announced a moratorium on political crypto donations, effective March 25, 2026. The measure followed the Rycroft Review’s conclusion that digital assets posed a unique risk for foreign interference, given the difficulty in tracing the origin of funds across pseudonymous blockchain transactions. The ban is being written into the Representation of the People Bill with criminal penalties for non-compliance once enacted.
BitMEX co-founder Ben Delo separately disclosed donating approximately £4 million to Reform UK since the start of 2026. Reform was the first Westminster party to accept crypto, a policy Farage announced at the Bitcoin 2025 conference in Las Vegas.
If Greenberg finds a breach, sanctions range from a formal apology to suspension from the Commons, potentially triggering a by-election in Clacton. A YouGov poll this week put Reform UK at 28% of voting intentions, ahead of both Labour and the Conservatives.
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