Category: crypto

JPMorgan analysts predict that ether and altcoins will continue to lag behind bitcoin unless there is a significant increase in network activity, DeFi adoption, and real-world use cases. Despite upcoming Ethereum upgrades, previous improvements have not boosted onchain activity. Regulatory clarity from the CLARITY Act could potentially shift the dynamic for institutional capital towards crypto…

XRP price dropped 2% on May 18, falling from $1.4138 to $1.3865 as traders aggressively sold into the $1.42 resistance zone. The token remains inside a multi-month symmetrical triangle, with key support at $1.38. Analysts warn of a decisive breakout point approaching, with potential for a sharp move in either direction.

Citi warned that Bitcoin is vulnerable to quantum computing threats, with up to 6.9 million BTC at risk. The decentralized governance of Bitcoin makes upgrades difficult, while proof-of-stake networks like Ethereum may be better prepared. Citi estimates that $450 billion worth of Bitcoin could be affected by quantum attacks.

HIVE Digital is transitioning from Bitcoin mining to building a CAD 3.5 billion, 320 MW AI infrastructure park near Toronto. The project aims to host over 100,000 GPUs and start operations in the second half of 2027. This pivot towards AI and high-performance computing has seen the company’s stock rise by over 35%.

SpaceX holds 8,285 BTC worth $637 million, making it the fourth largest known corporate Bitcoin holder. The company’s Bitcoin position will be disclosed with its IPO on June 12. Despite a $5 billion loss in 2025, SpaceX did not liquidate its Bitcoin holdings. Corporate Bitcoin accumulation is increasing in 2026.

On May 18, billions of SHIB tokens were traded on exchanges, increasing sell-side pressure as crypto market liquidations accelerated. SHIB was trading at $0.00000567, down 10% on the week and 54% over the past year. Institutional and whale-level transactions surged, indicating active repositioning. Stabilization of SHIB requires increased demand and utility metrics.

Bitwise announced that it will use 10% of the management fee from its Hyperliquid ETF to purchase and hold HYPE tokens on its balance sheet. This move aligns with Hyperliquid’s tokenomics and aims to benefit token holders. BHYP and THYP ETFs have accumulated over $5.6 million in net inflows since launching.

Revolut launched its first physical crypto card on May 18, a Dogecoin-themed LED card for the UK and EEA. The card connects to users’ crypto balances, converts holdings to fiat at real-time rates with no extra fees, and has spending limits. Revolut also received FCA approval for investment products and is expanding globally.

Galaxy Digital obtained a BitLicense from New York on May 18, allowing its subsidiary GalaxyOne Prime NY to offer regulated crypto services to institutions in the state. The approval enables Galaxy to provide trading and custody services to hedge funds, investment advisers, and family offices with approximately $9 billion in client assets.

Minnesota has signed a new law allowing banks and credit unions to hold digital assets for customers starting on August 1. The law requires segregation of crypto assets, cybersecurity policies, and state review before custody services launch statewide. At the same time, Minnesota is also banning crypto ATMs to prevent fraud.