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Cardano (ADA) Price Predictions: Final Dip Before Pump or a Slide Into Freefall?

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Cardano’s native cryptocurrency is among the many altcoins posting serious price declines over the past week.

Some market observers believe the asset could still see another pullback in the near term, arguing that a final dip may be necessary before it builds enough momentum for a decisive rebound.

How Much Lower?

ADA has slipped by nearly 10% over the last seven days, currently trading at roughly $0.25. Its market capitalization now stands at just over $9 billion, making the asset the 16th-largest cryptocurrency. Recall that earlier this month, it held the 14th position, but it has since been overtaken by LEO Token (LEO) and Zcash (ZEC), whose valuations remained relatively stable amid the recent market volatility.

Several analysts expect Cardano’s token to tumble further. X user Sssebi, who is usually quite bullish, predicted that ADA could continue to drop if Bitcoin (BTC) does the same.

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“Considering that ADA got rejected exactly at the upper trendline of the descending channel, we can assume that it will also retest the bottom of the channel around $0.22,” they stated.

At the same time, the analyst suggested this could be “the last dip before pump.”

Alpha Crypto Signal also observed ADA’s price performance and argued that the recent rejection at the neckline indicates that sellers remain in charge. According to the analysis, losing the support region at around $0.25 could open the door for “another leg down with increased bearish momentum.” On the other hand, reclaiming this zone could invalidate the pattern and favor the bulls.

The Bullish Signals

Not long ago, the popular analyst Ali Martinez emphasized the importance of the $0.25 support zone for ADA, noting that the token posted an 88% rally after maintaining that level at the start of 2023. He also referenced September that year, when the price once again held the same support before exploding by 243%.

Certain factors, such as the whales’ activity and the amount of tokens stored on exchanges, are worth observing as well. The analytics platform Santiment recently revealed that wallets holding at least one million ADA have increased their total holdings to 25.09 billion coins, representing over 67% of the circulating supply.

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This development highlights the strong conviction within this cohort of investors, raising the question of whether they know something others don’t. In any case, their actions could encourage smaller players to follow suit and distribute fresh capital into the ecosystem.

Moving on to exchange netflows, where over the past several days, outflows have consistently surpassed inflows. This signals that investors have abandoned centralized platforms in favor of self-custody methods, thereby reducing immediate selling pressure.

ADA Exchange Netflow
ADA Exchange Netflow, Source: CoinGlass

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Google Introduces Gemini 3.5 Flash for Smarter Search Results

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR

  • Google introduced a redesigned Search experience powered by Gemini 3.5 Flash at I O 2026.
  • The new interface supports longer and more conversational user queries instead of short keywords.
  • Google added an AI-powered autocomplete that suggests refined and follow-up questions in real time.
  • AI Overviews now appear more consistently and provide summarized answers at the top of results.
  • Users can move between AI summaries and chatbot-style interactions without leaving the search page.

Google introduced a redesigned Search platform powered by Gemini 3.5 Flash at I/O 2026. The update blends traditional search with AI-generated responses and conversational features. The company confirmed that the rollout aims to shift user behavior toward natural language queries.

Google presented the updated interface as part of its broader Gemini strategy across products and Android systems. The company emphasized faster responses and improved context handling through the new model. Robby Stein said users will “reliably” see AI Overviews for conversational queries.

Google Expands Conversational Search and AI Summaries

Google redesigned the search box to support longer and more detailed user queries. The interface now encourages full questions instead of short keyword searches. As a result, users can ask complex queries like protocol explanations and receive structured answers.

The company also introduced AI-powered autocomplete that suggests refined questions in real time. This system builds on user intent and offers follow-up prompts during typing. Google stated that this feature helps guide users toward more complete and relevant searches.

AI Overviews remain central to the new experience and appear at the top of results pages. These summaries compile information from multiple sources into a single response. Stein explained that the system connects directly to AI Mode for extended conversations.

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Users can now transition between summaries and chatbot interactions without leaving the search page. This integration allows continuous dialogue powered by Gemini 3.5 Flash. Google positioned the model as faster and more efficient than earlier versions.

Gemini Model Powers Deeper Integration Across Devices

Google confirmed that Gemini 3.5 Flash supports both cloud and on-device processing. Some AI tasks will now run locally on Android devices. This approach reduces latency and improves performance for certain features.

The company linked this update to its broader Gemini Intelligence initiative. It aims to embed AI capabilities across mobile ecosystems and services. Google also highlighted ongoing work on open models for developers.

The search redesign aligns with Google’s focus on unified AI experiences across platforms. The company plans to expand these capabilities in future updates. Current deployments began following the I/O announcement.

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Google did not disclose exact rollout timelines for all regions. However, it confirmed gradual availability across devices and markets. The company continues to test features through limited releases.

Changes in Search Structure Affect Information Visibility

Google confirmed that AI Overviews synthesize content from multiple indexed sources. The system selects key data points and presents a summarized response. This process reduces reliance on traditional link-based navigation.

The company acknowledged that users may interact less with individual websites. AI-generated answers often provide direct responses without requiring clicks. Google did not provide specific metrics on traffic changes.

Platforms that provide structured data may still contribute to AI summaries. However, their visibility depends on how Gemini selects information. Google continues refining its ranking and synthesis systems.

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BeInCrypto Institutional Research: 8 Neobanks Setting Standards for Digital Asset Accessability

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BeInCrypto Institutional Research: 8 Neobanks Setting Standards for Digital Asset Accessability

Digital-asset neobanking has moved beyond basic crypto access. The category now covers firms combining bank-account-style services — checking, direct deposit, debit, savings, and banking partnerships or charters — with native crypto products built into the primary financial app.

Best Digital Assets Neobank is a category within the BeInCrypto Institutional 100, under Pillar 1: Retail to Crypto Bridge. The 8 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: 8 firms across bank-chartered neobanks and BaaS, EMI, or VASP-licensed fintechs with crypto integrated into the primary banking app
  • Initial pool: 18 firms screened; 8 advanced to the long list, with 3 outreach candidates retained
  • Order: Listed alphabetically, not ranked
  • Scoring: 30% quantitative data · 50% Expert Council · 20% disclosed company data
  • Criteria assessed: User base, crypto user count, product depth, regulatory licensure, payments and card integration, geographic reach, financial performance, innovation
  • Data sources: OCC, FCA, BaFin, DNB, ACPR, MAS, CSSF, NYDFS, BACEN, CNBV, GFSC, MiCA-CASP, SEC EDGAR, audited filings, reserve attestations, on-chain data, PitchBook, Crunchbase, Tracxn
Firm HQ Reach Top Licensure / Charter Representative Work
Bunq Amsterdam, Netherlands 17M+ users across 30+ EEA countries
2024 net profit of €85.3M, up 65% year over year
Full Dutch banking licence from De Nederlandsche Bank
EU passporting, MiCA-compliant; UK banking and US broker-dealer licences applied for in 2025–26
Launched Bunq Crypto through Kraken partnership in Apr 2025
Offers 300+ cryptocurrencies inside a licensed-bank environment; first-year crypto trades passed €100M
Cash App Oakland, USA
Block, NYSE: XYZ
59M monthly active users in Q4 2025
9.3M primary banking actives; $316B total customer inflows in 2025
Banking via Sutton Bank partnership
FDIC-insured checking, direct deposit, Cash Card, savings; NYDFS-licensed Bitcoin business
Launched Proof of Reserves dashboard in Apr 2026 covering 8,883 BTC
Bitkey self-custody wallet expanded; 5% Bitcoin Back rolled out across Cash App Card
KAST Singapore / New York 1M+ users across 170–190 countries
About $5B annualized transaction volume; 150M+ merchants accepted globally
Holds MSB Canada, MSB US, VASP EU, TCSP Hong Kong
Uses regulated partners including Bridge, Tazapay, Reap, Fireblocks, BitGo, and Privy
Closed $80M Series A in Mar 2026 at $600M valuation
KAST Business beta launched in May 2026; security stack includes Sardine, Elliptic, ChainPatrol, Vanta, and Scanner.dev
Mercado Pago Buenos Aires, Argentina
Mercado Libre, NASDAQ: MELI
100M+ users across Brazil, Mexico, Argentina, Colombia, Chile, Uruguay, and Peru via MELI ecosystem Jurisdiction-specific fintech and payments licences across Latin America
VASP authorisations for MELI Cripto in operating markets
MELI Cripto expanded to 17 tokens by May 2026
Trading fee cut to 0.2%; Meli Dólar stablecoin available across Brazil, Mexico, and Chile
Nomad São Paulo, Brazil 1M+ users
Brazilian USD-account neobank focused on retail consumers and global investment access
Brazilian fintech registration
Banking issued through Brazilian and US partner banks; CVM-regulated investment platform component
Pioneered XRP Ledger settlement for Brazilian USD payments
Adapting to Brazil BCB Resolution 561, which restricts crypto and stablecoin use in cross-border eFX settlement
Nubank São Paulo, Brazil
Nu Holdings, NYSE: NU
110M+ customers
7M+ NuCripto users; Berkshire Hathaway among significant shareholders
Full Brazilian banking licence from BACEN
OCC US national bank branch conditional approval; Mexico and Colombia authorisations
Earn Crypto staking launched in Mar 2026 with Solana promotional yield
NuCripto now supports 20+ assets; USDC partnership with Circle deepened crypto access
Revolut London, UK 70M+ customers across 40+ countries as of Jan 2026
2025 revenue of $6B and profit before tax of $2.3B
Lithuanian EU banking licence
UK banking licence, Mexican banking licence, MiCA-CASP authorisation, US charter in progress
Reached $75B valuation in Nov 2025 capital raise
Revolut X offers 230+ digital assets, staking, low-fee trading, and RWA token listings
SoFi San Francisco, USA
NASDAQ: SOFI
12.6M members
Q1 2026 revenue of $1.1B with $166.7M net income
SoFi Bank N.A.
OCC-regulated national bank and FDIC-insured depository institution
Launched retail crypto trading in Nov 2025
Opened 239,509 crypto accounts in Q1 2026; SoFiUSD stablecoin launched in Dec 2025

About This List

The BeInCrypto Institutional 100 — Best Digital Assets Neobank (2026 Long List) identifies digital-first consumer and SMB banking platforms that combine bank-account-like services with substantial depth in digital assets.

Two structural models qualify: bank-chartered direct entities such as Bunq, Nubank, Revolut, and SoFi; and BaaS-partnered, EMI-licensed, or VASP-licensed crypto fintechs that integrate crypto into the primary banking app, such as Cash App, KAST, Mercado Pago, and Nomad.

The category does not include crypto exchanges with payment cards added on, self-custody spending cards without banking services, stablecoin issuers, institutional digital asset banks, defunct crypto banking platforms, or chartered neobanks without native crypto products.

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Methodology

This category is evaluated under Track B of the BeInCrypto Institutional 100 methodology: 30% quantitative metrics, 50% Expert Council scoring, and 20% disclosed company data.

Assessment spans seven criteria: total user base and crypto user count; crypto and stablecoin product depth; regulatory licensure; payments and card integration; geographic footprint; financial performance and sustainability; and innovation during the award window.

Data was verified using regulatory registers, company filings, SEC EDGAR, audited financial statements, reserve attestations, Proof of Reserves disclosures, relevant on-chain data, private-market sources including PitchBook, Crunchbase, and Tracxn, and mainstream financial press.

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Ape and Pepe (APEPE) Announces Ecosystem Expansion Through the Launch of Community FLOW

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[PRESS RELEASE – New York, USA, May 19th, 2026]

Ape and Pepe (APEPE), a Polygon-based, community-driven hybrid meme ecosystem project, has officially announced the launch of “Community FLOW,” a new initiative aimed at expanding global community engagement and enhancing ecosystem transparency.

The launch of Community FLOW is part of APEPE’s long-term ecosystem expansion strategy focused on building a more community-centered culture and participation structure within the Web3 environment.

According to the APEPE community team, Community FLOW aims to introduce a more open and community-oriented approach toward ecosystem discussions, campaign participation, and future expansion directions. Through this initiative, the project seeks to enhance interaction among global community members and reinforce the foundation for long-term ecosystem growth.

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Originating on Polygon, APEPE has continued expanding through various global campaigns, wallet integrations, and ecosystem collaborations. The project currently has a global community reach of over 2 million users and more than 400,000 on-chain holders.

In addition, it has expanded its presence across various global exchanges and communities, including HTX, Gate, MEXC, BingX, Coinone, and GOPAX. Recently, the ecosystem has continued to grow through global community campaigns, expanded wallet integrations, AI-based tools, collaboration with neofinance app TRIA, and partnerships related to gaming IPs.

APEPE has previously demonstrated its direction as a community-driven meme ecosystem through initiatives such as the Times Square community campaign and various user-generated meme content activities.

A community representative stated that APEPE plans to continue expanding the ecosystem through additional community initiatives, partnerships, integrations, and global campaigns.

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About APEPE

APEPE is a Polygon-based community-driven meme ecosystem project focused on community participation, ecosystem expansion, and Web3 culture. The project continues to expand through global campaigns, wallet integrations, partnerships, and community-led initiatives.

Website: https://apepe.lol/

X (Twitter): https://x.com/APEPE_MEME

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BeInCrypto Institutional Research: 10 Regulatory Frameworks Defining Institutional Digital Asset Markets

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BeInCrypto Institutional Research: 10 Regulatory Frameworks Defining Institutional Digital Asset Markets

Best Regulatory Framework of the Year 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 5: Regulation & Governance. The 10 frameworks below are listed alphabetically by framework name 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: 10 jurisdiction-level frameworks across comprehensive crypto regimes, stablecoin legislation, market-structure laws, VASP licensing, and consumer-protection regimes.
  • Initial pool: More than 20 jurisdiction-level frameworks screened; 10 advanced to the long list.
  • Order: Listed alphabetically by framework name, not ranked.
  • Scoring: 20% quantitative data · 80% Expert Council.
  • Criteria assessed: Legislative substance, activity scope, operational readiness, enforcement record, market coverage, institutional adoption, international influence, regulatory architecture.
  • Boundary scope: This category evaluates jurisdiction-level statutory, regulatory, or licensing regimes, not single guidance notes, industry self-regulation, CBDC-only frameworks, or global soft-law standards.
Regulatory Framework Lead Authority What It Achieves
Brazil BCB Crypto Framework Banco Central do Brasil
With CVM for securities tokens
Creates Brazil’s first comprehensive crypto framework.
Requires VASP authorisation and brings stablecoin transfers into the foreign-exchange regime.
CLARITY Act US Congress
Joint SEC and CFTC framework
Would establish a federal US crypto market-structure law.
Clarifies SEC/CFTC jurisdiction and creates registration routes for crypto exchanges, brokers, and dealers.
Dubai VARA Full Market Regulations Virtual Assets Regulatory Authority
Dubai, excluding DIFC
Establishes Dubai’s standalone virtual asset regime.
Covers VASP licensing, token issuance pathways, and enforcement for exchange, custody, broker-dealer, lending, and payments activity.
EU Markets in Crypto-Assets Regulation (MiCA) ESMA and EBA
With EU national regulators
Harmonises crypto regulation across EU member states.
Creates CASP passporting, stablecoin reserve rules, market abuse controls, Travel Rule integration, and operational resilience requirements.
GENIUS Act OCC, Federal Reserve, and FDIC
With state regulators for smaller issuers
Creates the first US federal stablecoin framework.
Requires high-quality liquid reserves, monthly disclosures, AML controls, and federal or state issuer pathways.
Hong Kong Stablecoins Ordinance Hong Kong Monetary Authority Establishes Hong Kong’s fiat-referenced stablecoin licensing regime.
Requires 100% backing, strict reserve assets, paid-up capital, and one-business-day redemption at par.
Japan Payment Services Act Amendment 2025 Financial Services Agency of Japan Strengthens Japan’s regulated stablecoin framework.
Limits issuance to banks, trust companies, and fund transfer providers, with reserve and redemption obligations.
Singapore MAS DTSP + Stablecoin Framework Monetary Authority of Singapore Combines digital payment token licensing, offshore DTSP oversight, and single-currency stablecoin rules.
Sets high compliance standards for Singapore-incorporated firms serving global users.
South Korea Virtual Asset User Protection Act (VAUPA) Financial Services Commission and Financial Supervisory Service
With KoFIU
Creates a consumer-protection regime for South Korea’s crypto market.
Requires cold storage, cybersecurity insurance or reserves, unfair-trading monitoring, and reporting to regulators.
UAE Federal Capital Markets VASP Framework Capital Market Authority
UAE federal onshore perimeter, excluding DIFC and ADGM
Replaces the prior federal VASP regime with a capital markets rulebook.
Covers licensed virtual asset activities, higher governance standards, and recovery rules for systemically important VASPs.

About This List

The BeInCrypto Institutional 100 — Best Regulatory Framework of the Year (2026 Long List) identifies jurisdiction-level regimes that materially shaped how regulated institutions issue, trade, custody, and intermediate digital assets during 2025 and 2026.

Coverage spans comprehensive crypto-asset frameworks, federal stablecoin legislation, market-structure laws, federal and emirate-level VASP architectures, and consumer-protection regimes with active enforcement.

The category does not evaluate single guidance documents, industry self-regulation, global soft-law standards, CBDC-only frameworks, or unilateral agency interpretations. These may influence regulation, but they do not qualify as standalone jurisdiction-level frameworks for this category.

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Methodology

This category is evaluated under Track C of the BeInCrypto Institutional 100 methodology: 20% based on quantitative metrics and 80% based on Expert Council scoring.

Assessment spans eight criteria: legislative substance, scope of activities covered, operational readiness, enforcement track record, market coverage, institutional adoption, international influence, and novelty of regulatory architecture.

Data was verified using primary regulator publications, official gazettes, parliamentary records, legal-advisory firm analyses, CASP and VASP licence registers, regulator enforcement notices, prosecution announcements, blockchain analytics for market context, and mainstream financial press.

Negative-signal scans were applied for framework pauses, regulatory rollbacks, agency continuity issues, and conflicts with adjacent regimes.

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JPMorgan says ether needs activity to catch BTC

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JPMorgan CEO says AI will transform banking faster than the internet era

JPMorgan ether and altcoin analysts said the tokens won’t catch bitcoin without a major lift in network activity.

Summary

  • JPMorgan said ether and altcoins will keep lagging bitcoin without meaningful improvement in DeFi and real-world use cases.
  • Bitcoin spot ETFs have recovered two-thirds of recent outflows, while ether ETFs have recovered only one-third.
  • The bank cautioned that upcoming Ethereum upgrades Glamsterdam and Hegota may not lift network demand on their own.

JPMorgan said ether and the broader altcoin market are unlikely to reverse a multi-year underperformance against bitcoin without a meaningful pickup in network activity, DeFi adoption and real-world use cases.

The bank’s analysts, led by managing director Nikolaos Panigirtzoglou, argued that bitcoin continues to outperform ether across nearly every institutional metric. The note lands as bitcoin trades near $76,760 with ether near $2,260.

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Bitcoin ETFs lead the recovery

Bitcoin spot ETFs have recovered roughly two-thirds of outflows tied to the Iran conflict selloff, while ether spot ETFs have recovered only about one-third, JPMorgan said. CME futures positioning in bitcoin sits close to pre-crash levels, while ether has yet to catch up.

“And this underperformance trend that started in 2023 is unlikely to change unless we see meaningful improvements in network activity, DeFi and real world applications,” Panigirtzoglou wrote.

Why Ethereum upgrades may not be enough

Upcoming Ethereum upgrades Glamsterdam and Hegota are designed to improve scalability and lower transaction costs. JPMorgan cautioned that previous upgrades failed to drive stronger onchain activity and instead reduced Layer 2 costs and main-chain fees, weakening the ETH burn mechanism and increasing net supply.

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The bank’s previous warnings on Ethereum upgrades were covered on crypto.news last week, with analysts arguing technical improvements alone cannot offset reduced burning unless demand grows enough to absorb the supply increase.

Altcoin liquidity and hacks weigh on confidence

Beyond ether, JPMorgan said altcoins have underperformed bitcoin since 2023 because of tighter liquidity, weaker market depth and breadth, slower DeFi growth and repeated hacks and security breaches.

“All these factors have eroded confidence in the broader altcoin ecosystem and discouraged the deployment of fresh capital,” the analysts said.

Momentum investors including commodity trading advisers and crypto quant funds have kept conservative positions on both assets after October’s deleveraging event. The bank’s earlier call for institution-led inflows in 2026 leaned on bitcoin as the primary beneficiary of regulatory progress.

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CLARITY Act flagged as a potential catalyst

JPMorgan flagged regulatory clarity as the one variable that could shift the dynamic. The CLARITY Act, which defines which digital assets fall under the SEC and which under the CFTC, cleared the Senate Banking Committee on May 14 with a bipartisan 15-9 vote.

The bank has said passage could trigger fresh institutional activity around crypto venture funding, M&A, IPOs and adoption by traditional financial firms.

Until then, the report concludes that institutional capital will keep tilting toward bitcoin as the cleanest macro trade in the asset class.

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XRP Holders Gain New Yield Opportunities Through Flare-D’CENT Partnership

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The decentralized finance (DeFi) applications network Flare has taken another step in making XRP Finance (XRPFi) accessible for XRP holders. This time, the blockchain is announcing an integration with the crypto wallet provider, D’CENT Wallet, providing direct access to institutional-grade yield vaults.

According to a press release sent to CryptoPotato, the integration between Flare and D’CENT Wallet is part of a new coalition named the XRP Alliance. The Alliance involves other crypto platforms, including Doppler, Banxa, and Squid. This collaboration is geared toward facilitating the development of XRPFi.

D’CENT Wallet Integrates XRPFi

The integration into D’CENT Wallet does not require any new chain, wallet, or gas token – XRP holders can access the vaults directly from their hardware wallets using two signatures on the XRP Ledger (XRPL). This flow is enabled by Flare Smart Accounts.

The vaults in question are the Monarq XRP Yield Vault (MXRPY) and earnXRP curated by on-chain strategy curator Clearstar. Monarq launched MXRPY last week in partnership with Flare and vault infrastructure provider Upshift. The vault offers both on-chain and off-chain yield sources. Users can access both vaults directly from D’CENT.

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As a hardware wallet provider, D’CENT serves at least 720,000 users across the U.S., UK, Canada, Japan, and South Korea, accounting for billions of XRP in storage. The latest development makes the wallet one of the first to offer a native path from XRP custody to DeFi yield.

Single Flow, No Intermediary Needed

As Flare serves as the programmable layer for XRP within the Alliance, Flare Smart Accounts turn XRPL signatures into minted FXRP deposited into vaults in a single flow. FXRP is the Flare representation of XRP. When depositing from D’CENT Wallet, each XRPL transaction includes encoded instructions in its memo field, and the Flare Data Connector relays a proof of that transaction to the Smart Account system.

The flow requires two XRPL signatures from the D’CENT device; the first reserves collateral on Flare and identifies the desired vault, while the second sends XRP to the Core Vault on XRPL. The second signature also triggers the minting of FXRP and automatic deposit into the chosen vault. This process is fully non-custodial and requires no intermediary taking custody.

“D’CENT is one of the most widely used hardware wallets in Asia, particularly in Korea. For XRP holders using it, security has always come first — and yield has meant going elsewhere. This integration changes that. D’CENT users can now earn on their XRP without moving it off the device they already trust. That’s what production-grade XRPFi looks like,” commented Flare co-founder, Hugo Philion.

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Fed to hike? When traders see a rate increase coming

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Fed to hike? When traders see a rate increase coming

The Federal Reserve logo is seen on the William McChesney Martin Jr. Building in Washington, Sept. 16, 2025.

Kevin Dietsch | Getty Images

While President Donald Trump made his pick for chair of the Federal Reserve with interest rate cuts in mind, his appointee may preside over the first rate hikes since 2023. 

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That’s according to traders on prediction market platform Kalshi, where there’s a rising likelihood the Fed will move to increase rates in the next year. 

Traders place 64% odds on the next interest rate hike coming by July 2027. They also think there’s a 43% chance tighter policy happens as soon as this year. 

Odds of a rate hike have jumped in the last 24 hours in reaction to ballooning yields on U.S. Treasurys, concern that inflation will continue to march higher and as oil prices show no signs of materially falling in the midst of the unresolved Iran war. Traders previously assigned just 50-50 odds that a rate hike would come in the first half of 2027. 

Incoming Federal Reserve Chair Kevin Warsh during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, April 21, 2026.

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Graeme Sloan | Bloomberg | Getty Images

“Who’s actually in the monetary-policy driver’s seat? We’d argue that it’s the Bond Vigilantes,” Yardeni wrote. 

But Wolfe Research chief investment strategist Chris Senyek in a Tuesday note said the moves in the bond markets might force a resolution to the war in the Middle East, potentially easing inflation pressures. 

“We believe the U.S. Treasury market has been signaling persistent inflation and this week was the final straw,” he said. “Our sense is that there is potential for bond vigilantes to push yields higher in [an] attempt to push the Trump Administration to come to a quick resolution on Iran.”

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Traders on Polymarket assign 35% odds that there is a rate hike in 2026.

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Smart Money is Leaving XRP: Will Ripple’s Altcoin Dump?

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XRP Smart Money Index Breakdown

XRP price sits less than 1% above the floor of a three-month rising channel, after smart money’s quiet exit on May 17 triggered a chain of bearish technical signals.

The last time smart money bailed this way, in late April, XRP slid 7%. With whales now distributing and retail still selling, the bull channel’s lower edge has rarely looked this exposed.

Smart Money’s Exit Triggers a Triple Bearish Setup

The Smart Money Index, a gauge that estimates informed investor intent, fell below its signal line on May 17. The last time this happened was in late April, when XRP slid roughly 7% over the course of a few days.

The exit lined up with a fresh weakness in the moving averages. The EMA crossover setup shows the 20-day Exponential Moving Average (EMA), a trend indicator that weighs recent price action more heavily than older candles, has touched the 50-day EMA and is about to close beneath it.

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A confirmed bearish cross would mark short-term momentum flipping bearish for the first time in months.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

The third signal is the structure itself. XRP has traded inside a rising channel since February 6. It is an upward-sloping band that has hosted every rally and pullback for over three months. The recent slide from the May 14 peak has pushed price back to the channel’s lower edge.

XRP Smart Money Index Breakdown
XRP Smart Money Index Breakdown: TradingView

Three bearish signals firing at the channel’s floor leave the breakdown as the path of least resistance. The breakdown happens unless on-chain demand steps in to absorb the supply.

XRP Whales Sell as Exchange Inflows Show Retail Joining the Exit

The on-chain picture reinforces what smart money has already done. The cohort holding between 10 million and 100 million XRP began increasing its share of supply on April 19, climbing from 16.81% to a peak of 17.63% on May 12. The accumulation stopped there.

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Since the May 12 peak, the same cohort has trimmed its share to 17.37%, with no meaningful pickups during the slide. The data suggests XRP whales built positions for the rally (ended on May 14) and are now possibly distributing into any bounce that holds the channel.

XRP Whale Supply Cohort
XRP Whale Supply Cohort: Santiment

Glassnode’s Exchange Net Position Change, a metric that tracks the daily flow of coins into and out of exchanges, has been positive almost without break for the past month. Positive readings indicate more coins arriving on exchanges than leaving, which typically signals supply being prepared for sale.

The May 17 reading of 9.14 million XRP marked the lightest single-day inflow since April 24, hinting that selling pressure may be easing. However, the figure remains firmly positive, meaning retail has not yet flipped to net buying.

Without a streak of negative readings, the channel’s lower edge stays exposed.

Exchange Net Position Change
Exchange Net Position Change: Glassnode

XRP is down 24% year to date and 3.5% over the past month, red across every meaningful window. With whales reducing supply, smart money already gone, and retail still selling on net, the price chart becomes the decider.

XRP Price Levels That Decide the Channel’s Fate

XRP price needs to avoid a daily close beneath $1.36 to keep the bull channel intact. The current price sits roughly 1% above that floor, making the channel’s fate a single session’s work either way.

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A close below $1.36 would confirm the breakdown and open the path to $1.27, the next horizontal support. A 7% slide from the current price lands almost exactly at that level. This matches the precedent set by the late-April Smart Money Index crossover.

For any rebound to carry strength, XRP must first reclaim $1.48.

The next level is $1.56, where any bounce can face stiff resistance. The upper channel boundary of the bullish channel sits well beyond the current setup and is not in play for now.

XRP Price Analysis
XRP Price Analysis: TradingView

The pattern nuance worth flagging is that rising channel structures often deliver false breakdowns before resuming the trend. A clean daily close beneath $1.36, paired with sustained positive exchange net position readings, would confirm that smart money’s exit really did doom the channel.

The $1.36 floor separates a defended channel from a recovery push toward $1.48, with a 7% slide that would carry XRP to $1.27.

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21Shares says Hyperliquid ETF demand shows appetite for 24/7 trading

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21Shares says Hyperliquid ETF demand shows appetite for 24/7 trading


21Shares says strong early flows into its new Hyperliquid ETF reflect growing investor demand for around-the-clock access to crypto and traditional assets.

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Japan is Adopting a Reverse CLARITY Act With Foreign Stablecoins

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Traders on Polymarket assign a 64% probability that the CLARITY Act will be passed in 2026. Source: Polymarket

Japan’s Financial Services Agency has finalized rules allowing foreign-issued trust-type stablecoins into its payment system, with the changes published on May 19, 2026, and effective June 1.

The decision reshapes how global stablecoins enter Asia and arrives as Washington advances its own crypto legislation.

What Japan’s New Stablecoin Rules Actually Mean?

A trust-type stablecoin is a digital token fully backed by reserves held in a trust structure, redeemable at par with a fiat currency. Japan’s updated framework now lets qualifying foreign versions act as regulated payment instruments.

Until now, foreign-issued stablecoins faced real regulatory friction inside Japan. Regulators often classified many of them as securities or left them in a gray zone that blocked everyday payment use.

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The reform, published under Prime Minister Sanae Takaichi, reclassifies qualifying foreign trust-type stablecoins as Electronic Payment Instruments under the Payment Services Act. That single change integrates them into Japan’s formal financial rails.

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At its center sits a rigorous equivalence standard. Foreign issuers must prove their home jurisdiction matches Japanese rules on licensing, auditing, anti-money laundering controls, and same-currency reserves to limit exchange-rate risk.

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Domestic intermediaries carry the first responsibility for verifying compliance. Major local players are already preparing, with SBI VC Trade exploring licensed services involving global stablecoins such as USDC.

In this way, the June 1 start date will be closely watched. Success could accelerate inflows of global capital and unlock new payment applications, from remittances to tokenized settlement systems.

How the United States CLARITY Act Fits the Scene?

Across the Pacific, the United States is advancing its own crypto framework. The Senate Banking Committee recently moved the CLARITY Act forward with a bipartisan vote of 15 to 9.

The Digital Asset Market Clarity Act seeks to define regulatory jurisdiction between the SEC and the CFTC. It also builds on the earlier GENIUS Act to address stablecoin-related issues directly.

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One key compromise involves yield. The bill generally prohibits passive, deposit-like interest on payment stablecoins while still allowing activity-based rewards for users.

“Congress has an opportunity, before this bill advances further, to close the loophole tightly and ensure that any prohibition on stablecoin interest is airtight — applying not just to issuers but to exchanges, affiliates, and any intermediary delivering the same economic return through a different corporate wrapper,” said Jeane Vidoni, CEO of Penn Community Bank.

Analysts are cautiously optimistic. Alex Thorn of Galaxy Digital estimates the chance of the CLARITY Act becoming law in 2026 at roughly 65% to 75%, up from earlier near-even odds. Meanwhile, traders on Polymarket assign a 64% probability that the bill will become law in 2026.

Traders on Polymarket assign a 64% probability that the CLARITY Act will be passed in 2026. Source: Polymarket
Traders on Polymarket assign a 64% probability that the CLARITY Act will be passed in 2026. Source: Polymarket

Together, both stories point in the same direction. Japan’s regulatory refinement and America’s legislative push highlight a maturing global stablecoin ecosystem moving steadily from early experimentation toward real, structured integration.

For issuers and intermediaries, this dual momentum signals that clarity is finally arriving, one jurisdiction at a time. Regulated frameworks on both sides of the Pacific could unlock cross-border payments, institutional adoption, and more transparent, inclusive financial systems worldwide.

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