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Crypto coverage is a tax on attention. Half is shilling, the other half is doom-baiting, and the actually useful stuff — protocol upgrades, regulatory clarity, on-chain anomalies, real adoption signals — gets buried. Owl Post separates the layer-2 hype from the layer-2 reality, separates rug pulls from real launches, and reads the SEC enforcement actions so you don't have to.

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Bitcoin ETFs Register $4 Billion Outflows In 3 Weeks – Why This Is A Bullish Signal

Following its bullish performance at the start of Q2 2026, the Bitcoin spot ETFs market has slumped into negative momentum in recent weeks, in line with the broader price correction. Data from ETF tracker shows that total net outflows for May stand at $2.30 billion, representing the largest negative performance since November 2025. However, a trend analysis by blockchain research firm Santiment reveals the recent market exit represents a similar market build-up for a bullish price breakout. In an X post on May 29, Santiment reports that total Bitcoin ETF outflows since May 7 have reached approximately $4 billion, reflecting dominant bearish sentiment among institutional investors. The spot ETFs, by design, are financial products that track the real-time price of Bitcoin by owning actual BTC. They provide an indirect, regulated access to engaging the Bitcoin market and are a major gauge of institutional investor sentiment. Therefore, a rise in inflows represents strong market optimism, while massive outflows, as recently seen, indicate fear and caution among one of Bitcoin’s largest investor cohorts. Related Reading: Anchorage Warns Bitcoin Yield Trade Could Cap Gains If BTC Rips Higher Bitcoin ETF Flows And The Inverse Market Price Reactions According to Santiment analysts, heavy ETF flows have historically functioned as a contrarian indicator, i.e., market prices move in the opposite direction to traders’ predictions. Therefore, extremely high market inflows occur when demand is excessive and the market is overheated, just before the price reaches a local peak. This phenomenon was observed when ETF inflows reached $1.21 billion on October 6, 2025, and $840.6 million on January 14, 2026, effectively generating validated sell signals on both counts. On the other hand, heavy market outflows over a short period have occurred at times of peak fear and risk aversion among investors, creating conditions for a market bottom. According to Santiment’s data, this pattern was

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Bitcoin ETFs Register $4 Billion Outflows In 3 Weeks – Why This Is A Bullish Signal
Nearly $1 Billion In Iranian Crypto Falls Into US Hands

Nearly $1 Billion In Iranian Crypto Falls Into US Hands

Some Iranian crypto wallet owners may not even know yet that their money is gone. Treasury Secretary Scott Bessent disclosed Friday that the US has quietly seized roughly $1 billion in digital assets tied to Iran, a figure that has nearly tripled from earlier estimates released just weeks ago. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Operation Economic Fury The seizures are part of a campaign called Operation Economic Fury, launched in March 2025, which has gone after Iranian assets on multiple fronts — freezing bank accounts, confiscating properties with European allies, and targeting cryptocurrency holdings. Bessent spoke about the effort at the Reagan National Economic Forum, describing the operation as part of a broader effort to cut off Iran financially. The $1 billion disclosure is roughly double the $500 million the Treasury Department announced in late April, and far above the $344 million figure that was made public earlier that same month. The numbers have been climbing fast. A Regime Under Pressure Iran’s financial situation, according to Bessent, has grown increasingly dire. He said inflation inside the country has likely surpassed 200%, food vouchers are being handed out, the internet has been shut down, and between 40 and 50% of Iranian troops are not receiving their pay. 💴🔺 U.S. announces it has seized $1 billion in Iranian cryptocurrency assets Treasury Secretary Scott Bessent said Friday that U.S. authorities have seized approximately $1 billion in Iranian digital assets as part of sanctions enforcement against Tehran.  The figure… — Drop Site (@DropSiteNews) May 29, 2026 Before the US stepped in, Bessent said the regime had been drawing $400 to $500 million a month and splitting it among roughly 80 leaders. That flow of money has since been disrupted, he said. The treasury secretary also touched on ongoing negotiations with Iran, saying the talks are complicated by a fractured leadership structure followi

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XRP Whale Vs. Retail Spread Just Hit A 2-Year Low, What This Means

XRP Whale Vs. Retail Spread Just Hit A 2-Year Low, What This Means

XRP is sending out an interesting on-chain signal at a time when its price is still struggling to build a convincing recovery above $1.3. A closely monitored on-chain metric tracking the behavioral gap between XRP’s largest holders and its retail base has collapsed to its lowest reading in more than two years. The data, sourced from blockchain analytics platform CryptoQuant, points to a structural shift in how XRP is flowing out of Binance, with the Binance Whale vs. Retail Spread for XRP falling to 88.3%, its lowest level in more than two years. XRP Whale Vs. Retail Spread Hits A 2-Year Low The spread between whale and retail outflows on Binance has dropped to 88.3%, its lowest point since May 2024, and notably, it is the second time this level has been tested within the same month. Related Reading: Pundit Says The Clock Is Ticking For XRP, Here’s What To Know The Binance Whale vs. Retail Spread tracks the gap between large XRP outflows and smaller retail-sized outflows on Binance. Based on CryptoQuant’s model, whale activity refers to XRP outflow bands above 10,000 XRP, and retail activity refers to smaller outflow bands below 10,000 XRP. A high spread means whales are dominating exchange withdrawals by a wide margin, while a falling spread shows that the difference between large holders and smaller traders is becoming less extreme. The current reading sits near the bottom of the chart’s two-year range, which makes it a notable change in XRP’s market structure. As it stands, the reading is at 88.3%. Notably, this reading means that the spread is still positive, so whales are the larger force in Binance XRP outflows. However, the chart shows a clear decline from the 92% to 94% region that appeared during several points in late 2025 and early 2026. Why The Drop Could Be A Signal A falling whale-retail spread can be interpreted in two ways. The first interpretation is that whale dominance is cooling down. In that case, large holders may no longer be removing XRP from

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Ethereum Flashes A Rare Signal As Open Interest Reaches Highest Level Since 2019

Ethereum is struggling to push above $2,000 as the market prepares for a decisive move that participants on both sides of the trade increasingly recognize as imminent. The price is compressing — and CryptoQuant data has identified a development in the derivatives market that explains why the current level feels like more than a routine resistance test. Related Reading: HYPE Whale Bets Grow Larger As Institutional-Linked Accumulation Reaches $170M On May 28, Binance recorded a 336,000 ETH increase in 30-day open interest while Ethereum traded near $1,990. That single-venue reading is the highest positive open interest expansion Binance has registered in the current chart since May 2019 — a data point that places the current derivatives activity in a historical context spanning six years of market cycles. This scale of positioning built at this specific price level is not normal market behavior. It is an extreme. Ethereum Multi Exchange Open Interest | Source: CryptoQuant The expansion was not isolated to Binance. OKX added 106,500 ETH in open interest. Bybit added 34,600 ETH. Deribit added 26,700 ETH. Four major venues simultaneously building derivatives exposure in a compressed window. A combined increase of approximately 503,800 ETH, representing nearly $1 billion in notional positioning, was added in a single session. Nearly $1 billion in new derivatives exposure was built around the $2,000 level in a single day. The market is not drifting toward a decision; it is positioning for one. And the CryptoQuant data reveals which side of that positioning is currently winning. $1 Billion in New Exposure and Record Selling Pressure The CryptoQuant report identifies the signal that prevents the open interest expansion from being read as straightforwardly bullish. The leverage build-up arrived alongside heavy sell-side pressure. Binance Cumulative Net Taker Volume fell to approximately -$744 million — its deepest negative reading since April 6, 2026. New leverage entered the

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Coinbase To Bring Global Crypto Derivatives To US Institutions After CFTC Nod

The US Commodity Futures Trading Commission (CFTC) has now opened the path for Coinbase and other CFTC-registered exchanges to offer regulated access to global crypto derivatives markets. Related Reading: Bitcoin Tests Critical Support As Bearish Signals Point To $60,000 Retest Coinbase Offers Access To Global Crypto Derivatives On Friday, Coinbase announced that its subsidiary, Coinbase Financial Markets (CFM), has become the first US-regulated Futures Commission Merchant (FCM) to offer its domestic clients access to global crypto derivatives markets. Crypto derivatives account for roughly 80% of global crypto trading volume, Coinbase explained, with options, perpetual futures, and other instruments driving most of that activity across international venues. However, US customers haven’t had regulated access to this multi-trillion-dollar market until now. As a result, some institutional customers had to establish offshore entities to access these markets and take on additional counterparty exposure and infrastructure costs. “Today that changes. Guidance issued by the CFTC positions Coinbase Financial Markets as the first CFTC-regulated FCM to connect US clients to global crypto options and perpetual futures liquidity. US clients will at long last have a fully regulated, compliant solution to access all of crypto’s largest markets,” the company stated. According to the announcement, US clients can now access global crypto perps and options on futures without offshore workarounds through Coinbase Financial Markets, including access to Deribit, which holds over $31 billion in Bitcoin (BTC) options open interest. Coinbase Financial Markets has opened onboarding for institutional clients, offering live access to Deribit options. Perpetual futures and additional collateral types are set to follow with broader client access, including retail, also on the horizon. CFTC Guidance Opens Regulated Path The announcement follows a Friday statement from the CFTC confirming the cat

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Uniswap Price Slides As Binance Absorbs Millions Of Tokens – Traders Are Watching

Uniswap is struggling to reclaim higher levels as selling pressure keeps the price retreating from the levels that briefly offered hope of a sustained recovery. The weakness is visible and the direction is uncomfortably clear — but a CryptoQuant analysis tracking Binance exchange flows has identified a shift in UNI’s flow dynamics so extreme that it demands attention regardless of where one sits on the directional debate. Related Reading: HYPE Whale Bets Grow Larger As Institutional-Linked Accumulation Reaches $170M The 7-day average Binance Netflow for UNI has turned sharply positive at +145,829 UNI — a deviation of 6,019% above the three-month baseline. To put that figure in context: this is not a moderate acceleration in exchange deposits. It is one of the most extreme inflow accelerations recorded in UNI’s recent on-chain history, concentrated into a window where the price is already moving lower rather than higher. The scale becomes more alarming at the individual session level. On May 25, Binance received a single-day inflow spike of 1.8 million UNI. On May 27, that figure exceeded 3.1 million UNI in a single session. Two days. Nearly five million UNI were arriving on the world’s largest exchange while the price was sliding from above $4.20 toward $3.10. The inflow surge is not retail-driven noise. Total inflow volume rose 183% above the three-month average while average transaction size per inflow jumped 285% — the fingerprint of larger holders making deliberate, large-scale decisions to move UNI onto Binance rather than away from it. Millions of UNI on Binance With A Falling Price The CryptoQuant analysis names the supply dynamic with precision. When exchange inflows accelerate while prices decline simultaneously, it reflects holders positioning tokens for potential sale rather than moving assets into self-custody for long-term holding. The directional intent behind the deposits is different from the accumulation behavior that characterizes constructive mark

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Buy Side Explodes: XRP Liquidity 7x Heavier Than Sells On Coinbase

Traders watching Stellar’s 40% weekly surge are now turning their attention to XRP, asking whether the older and larger token could be next. The two assets share a long history of moving in tandem, and some analysts say the setup is starting to look familiar. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn XRP And XLM: A Recurring Pattern Analyst Kevin Cage pointed out that while XLM broke out after months of sideways trading, XRP has remained range-bound. Reports indicate that if momentum picks up, some traders are projecting a move toward the $1.76 to $2 range for XRP sometime in June. XRP itself posted a 2.50% gain in the past 24 hours, though it remains down 2.50% over the last seven days and about 5% over the past month. The price was last seen hovering near the $1.23 to $1.30 liquidity zone on Coinbase‘s spot market. $XRP orderbook on Coinbase is still heavily skewed towards bids (nearly 7x on the large bands) Now this doesn’t automatically mean “price go up” But it does mean it’s much easier to move price meaningfully up then down The book is simply intentions. Early 2025 I used the large… pic.twitter.com/VCdbjp7MLT — Dom (@traderview2) May 28, 2026 What The Order Book Is Showing That liquidity zone is exactly where analyst Dom’s findings get interesting. According to Dom, a heatmap of Coinbase’s XRP order book shows buy orders stacked heavily below the current price, with sell orders above appearing far smaller by comparison. He put the difference at roughly seven times — meaning buy-side depth dwarfs whatever selling pressure currently sits above. Dom was clear that order books reflect trader intentions and not guaranteed price outcomes, but he said the data still carries weight. He pointed to a 2025 Bitcoin call where similar order book readings supported his bearish view before BTC fell around 30%. The implication is that when the data lines up, it tends to mean something. Adding to the discussion, reports note that new w

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Ethereum Price Falls, But Whales Push Holdings To 10-Week High

Ethereum Price Falls, But Whales Push Holdings To 10-Week High

On-chain data shows large wallets on the Ethereum network have continued to accumulate despite the price decline that the asset has faced. Ethereum Holders With At Least 100,000 ETH Now Control 22% Of Supply According to data from on-chain analytics firm Santiment, the Ethereum investors owning at least 100,000 ETH have been accumulating recently. At the current exchange rate, this 100,000 ETH cutoff converts to nearly $200 million, so the only holders that would qualify for the cohort would be the big-money ones. Related Reading: Cardano Millionaire Wallets Reach Highest ADA Holdings Since 2017 In fact, the sums held by members of this group are so significant that they would be classified as large even among the whales, the popular cohort for classifying influential investors. Now, here is a chart that shows the trend in the total supply held by these Ethereum mega whales over the last few months: As displayed in the above graph, the Ethereum investors with 100,000+ ETH have collectively added a net amount to their holdings since the start of May. Interestingly, this trend of accumulation has maintained despite the bearish turn that the market has taken in the second half of this month. From the chart, it’s visible that these humongous ETH investors now hold a total of 17.41 million tokens, the highest in around nine weeks. In supply percentage terms, their holdings occupy a share of 22.03%, which is a 10-week high. The fact that the massive Ethereum whales have been adding to their holdings recently can naturally be a positive sign for the cryptocurrency, but something to keep in mind is that the supply of this group has still followed an overall decline since Q4 2025. Considering this, it only remains to be seen whether the current trend will continue for long enough to reverse this drawdown. Related Reading: Crypto Faces Nearly $1 Billion In Liquidations As Bitcoin, Ethereum Crash In related news, on-chain analytics firm CryptoQuant has also shared some data re

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Anchorage Warns Bitcoin Yield Trade Could Cap Gains If BTC Rips Higher

Anchorage Digital says Bitcoin covered-call strategies can generate synthetic yield for BTC holders, but only when managed with strict discipline. The firm’s new research warns that selling upside on Bitcoin can cushion drawdowns in weaker markets, yet cap gains sharply when BTC enters one of its violent bull-market phases. The analysis, written by Anchorage Digital Head of Research David Lawant, examines systematic covered-call writing on Bitcoin using hourly simulations across the Deribit implied-volatility surface. Anchorage said the study includes more than 37,000 individual backtests across every possible entry point in its October 2021 to April 2026 dataset, making it one of the more detailed attempts to define where BTC options income works and where it breaks. Anchorage Puts Bitcoin Yield Strategy To The Test Anchorage argues that Bitcoin options have moved from a niche derivatives segment into an institutionally relevant market. Notional BTC options open interest has grown roughly ten-fold over the past five years, briefly rising above $100 billion at the end of 2025 before sitting around $60 billion in the study. That level, the paper notes, is above the open interest of the entire BTC futures market. Related Reading: Bitcoin’s Famous CME Gap Playbook May Be Nearing Its End IBIT options have also changed the structure of the market. Launched in late 2024, they have grown quickly enough to rival Deribit as a leading venue for BTC options open interest and trading activity. For Anchorage, that means the market institutions are evaluating today is deeper, more accessible and materially different from the one that existed 18 months earlier. The research centers on Bitcoin’s volatility risk premium. Anchorage compares 25-delta call implied volatility with subsequent realized upside volatility over the next 21 trading days for BTC, SPY and QQQ. BTC’s upside volatility risk premium, according to the paper, has averaged roughly two to three times what the equity b

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Crypto Giant Dethroned: Bitcoin Drops Out Of Top 10 Amid Market Shift

More than 172,000 traders were liquidated in a single day as Bitcoin’s losses piled up, pushing the cryptocurrency out of the world’s top 10 largest assets by market cap. Bitcoin now sits at 13th place, trailing gold, NVIDIA, Apple, Microsoft, and silver, among others. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Longs Take The Brunt Total crypto liquidations reached $921 million within 24 hours, with Bitcoin alone accounting for $352 million. Ethereum followed at $241 million, while XRP, ZEC, HYPE, SUI, DOGE, and NEAR recorded the remaining losses. Long positions made up more than 90% of all liquidations, a sign that traders had bet on a price recovery that never came — resulting in forced selling rather than new bearish bets. Four-hour liquidations hit $95 million, with longs at $55 million and shorts at $39 million. Across exchanges, Hyperliquid and Bybit saw heavy long liquidations, OKX leaned toward short liquidations, and Binance recorded equal long-short positions. Bitcoin was trading around $73,125 at the time of writing, down 1.70% in 24 hours and 5% over the past week. Its intraday range ran from $72,485 to a high of $75,280. A Wider Market Slide The broader crypto market moved in the same direction. Ethereum dropped 5.60% over the week, BNB fell 2.50%, and XRP declined 3.15%, according to Coingecko data. Tether slipped just 0.005%. Meanwhile, gold held the top spot globally with a market cap exceeding $31 trillion, based on CompaniesMarketCap data. NVIDIA, Google, Apple, and Microsoft followed. AI-driven demand has kept NVIDIA and Broadcom among the stronger performers in recent months, while gold and silver have attracted buyers looking for stability. Bitcoin’s total market cap stands at roughly $1.47 trillion — significant by most standards, but no longer enough to place it in the top 10 alongside the world’s biggest companies and commodities. Related Reading: Bitcoin’s 4-Year Rhythm Is Still Playing Out, Says Crypto

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Perps Lift Crypto Stocks—Robinhood, Coinbase End Week In The Green After CFTC Move

Robinhood (HOOD) and Coinbase (COIN) ended the week’s final session in the green, with Robinhood’s stock leading the move as US regulators took steps that could expand the local market for crypto derivatives. Shares of Robinhood rose sharply, jumping about 11% on the day to close around $94 per share, which also marked the highest level the stock has reached since February. Coinbase (COIN) was not far behind, gaining close to 7% as the exchange’s shares finished the session near $189. That level sits in the middle of the stock’s broader consolidation range of roughly $160 to $215, a band it has been trading within since late March. CFTC Sparks HOOD And COIN Rally The rally for both companies was widely attributed to action from the Commodity Futures Trading Commission (CFTC). Earlier on Friday, the agency announced it would allow US firms to offer perpetual (perps) futures trading, a potential catalyst for new product launches and expanded trading activity within the United States. In addition to that policy shift, the CFTC also moved that same day to issue a no-action letter to Coinbase. Under the regulator’s guidance, the letter permits Coinbase’s US customers to access the options and perpetuals the company already offers. Related Reading: JPMorgan CEO Goes Nuclear On CLARITY Act, Calling Coinbase’s Armstrong ‘Full Of S-t’ The impact of the regulator’s steps was not limited to Coinbase. Other US-based firms have signaled they are exploring perpetuals, including trading platform Gemini and Robinhood, which already offers the product in Europe. Mizuho analyst Dan Dolev summarized the opportunity by saying the main message from the day was that it represented a “massive market opportunity.” He added that there is potential for Coinbase and other firms to win a share of trading activity that, so far, has mostly been happening on offshore venues. Robinhood Price Targets Rise Mizuho also lifted its price target for Robinhood from $110 to $115. Separately, Citizens reit

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Solana Clings To Critical Multi-Year Support As Breakout Pressure Builds

Solana is approaching a pivotal moment as price continues to defend a key multi-year support zone near the $79 level. After months of consolidation and repeated failed breakouts, growing signs of accumulation are now fueling speculation that SOL could be preparing for its next major upside attempt. SOL’s $79 Support Emerges As The Most Critical Level On The Weekly Chart Strategist Scient identifies two critical price levels that define Solana’s macro landscape: the 2024 low at $79 and the impulsive high at $210. This $210 level is particularly significant, as it marks the peak of the 2021 altseason. Since that time, the market has attempted to reclaim this threshold on three separate occasions, only to be met with rejection each time. Related Reading: Solana Price Structure Suggests Temporary Recovery Before Next Major Decision The narrative of these failed breakouts reveals a challenging multi-year structure, with the second rejection, originating from the 2024 lows, igniting a year-long consolidation phase that culminated in a third failed attempt in September 2025. Following that final setback, selling pressure intensified, leading to a swift retracement to the 2024 low, where accumulation has been ongoing. SOL’s price action is exhibiting clear signs of accumulation while hovering near these historical lows, which sets the stage for a potential breakout attempt. Interestingly, Scient notes a poetic irony in the current setup: if SOL successfully establishes a bottom at the $80 level, it would mirror the historical support Ethereum found during its previous bear market cycle. The $79–$80 zone serves as the line in the sand for Solana’s structural integrity. As long as the price maintains this support, the bullish setup remains intact. However, a breach below this level could trigger a significant drawdown toward the mid-$20s. With the price currently trading above this vital support, the setup allows investors to position their bets cautiously within this critica

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Analyst Compares This Bitcoin Bear Market To Previous Cycles To Show What’s Coming Next

Bitcoin (BTC) has survived multiple bull and bear market cycles since it began trading, and each time the market collapsed, a new rally eventually followed. That recurring four-year cyclical pattern has given many investors deep confidence that history will repeat itself. However, after studying the same past cycle patterns, market expert CryptoCon has reached a different conclusion. He has highlighted two possibilities, suggesting that the four-year cycle theory may either be playing out behind the scenes or that this market could be a failed cycle. How This Bitcoin Bear Market Compares To Past Ones In a recent X post, CryptoCon has drawn parallels between the current Bitcoin cycle and past ones, in which prices explode to new all-time highs and then enter a prolonged bear trend that shakes out investors and triggers fear and panic selling. The analyst noted that, when comparing the current bear market by size to previous ones, he believes the market is nowhere near the level of despair and chaos that historically marks a true bottom. Related Reading: Bitcoin Bearish Flag Goes Up As Expert Analyst Predicts A Massive Crash To $44,000 CryptoCon has stated that people are now too desperate to turn BTC’s ongoing downtrend into a buying opportunity. He also warned that the enthusiasm around accumulating at lower prices is premature and could be potentially dangerous. At the core of his analysis, CryptoCon challenges the historical Halving Cycle theory. The theory basically suggests that Bitcoin strictly follows a predictable four-year boom-and-bust pattern tied to its supply dynamics. He shared a chart, noting that this four-year trend has recurred often enough to become widely followed by investors and analysts. However, the analyst posed a thought-provoking question. He noted that if millions of people now know about this pattern and are all waiting to buy the dip, expecting a new all-time high, why would the trend “continue to repeat?” His answer is that the Bitcoin

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Can Ripple’s Fed Master Account Approval Trigger A New XRP Bull Run? AI Model Says $80 Is Possible

Ripple’s possible approval to hold a Federal Reserve (Fed) master account could be the spark that pushes XRP into another major phase of upside momentum. Fed Settlement Access In his latest report, market analyst Sam Daodu said AI models broadly agree that XRP may rise if Ripple gains access to Fed settlement infrastructure. A major reason behind the optimism is that Fed access would allow Ripple to settle directly through those rails, rather than routing transactions through banks that currently act as middlemen. Related Reading: Ethereum (ETH) Drops Below $2,000—Why Standard Chartered Still Expects $40,000 By 2030 Daodu suggested the process may already be moving toward reality. In March 2026, Kraken became the first crypto firm to receive a master account through the Federal Reserve Bank of Kansas City, which he cited as evidence that the approval pathway is no longer purely theoretical. Building on this development, Daodu shared model-driven forecasts for XRP, drawing comparisons between various AI systems and their respective approaches to weighing catalysts and risks. XRP Forecasts Watch According to Daodu, ChatGPT points to a measured recovery under base conditions. The model places XRP in a $2.50 to $3.00 range by August 2026, while also flagging $1.50 as a key level XRP needs to hold for the prediction to remain on track. Currently, the altcoin is trading well below that level, having retraced to $1.32 per token. Still, Daodu said that the rationale centres on exchange-traded fund (ETF) inflows and growth in Ripple’s payment corridor. In a more bullish scenario—assuming ETF inflows and corridor growth accelerate meaningfully through the second half of the year—ChatGPT sees upside to $5. Grok’s projections are more aggressive at the top end, according to Daodu. Grok’s base forecast lands between $2.50 and $2.80, but it lifts the upper target to $10 under the right conditions. Daodu reported that Grok links the $10 level to a scenario in which Bitcoin clears

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Bitcoin Could Enter Freefall If This Level Cracks: Analyst

Bitcoin has bounced back from the $70,000 zone multiple times in 2026, but analysts are warning that the next test of that level could end differently. A Line That Has Held Since 2017 The lower boundary of a rising wedge pattern — a trendline that first appeared as support in mid-2017 — has absorbed several sharp drops over the years. Bitcoin touched it during the FTX-driven crash of November 2022, when prices fell to $15,400, and the line held. It held again three times in the opening months of 2026, at $60,000 in February, then at $64,900 and $65,000 in March and April. Related Reading: Bitcoin’s 4-Year Rhythm Is Still Playing Out, Says Crypto CEO Crypto market commentator MichaelXBT brought renewed attention to the pattern after Bitcoin dropped below $74,000 for the first time in over a month. Based on his chart analysis, the support trendline now sits around the $70,000 mark, and a confirmed break below it would be historically significant. Bitcoin 10-Year Wedge Support: $70k If that level breaks, bears will be handsomely rewarded. It will ignite the largest red weekly candle Bitcoin has seen in years. History will be made. pic.twitter.com/0HqImRTD4s — Crypto Michael (@MichaelXBT) May 27, 2026 “If that level breaks, bears will be handsomely rewarded,” he said. What A Break Could Mean MichaelXBT says a breakdown would trigger the largest weekly red candle Bitcoin has seen in years. He stopped short of naming a price target or estimating how far a drop might extend, but his view is that the event would be a notable moment in the asset’s history. The wedge pattern at the center of his analysis is formed by two converging trendlines moving upward, with the lower one rising faster than the upper. When prices break below the lower line, the pattern is generally read as a sign that bullish momentum has run out. Not Everyone Sees Collapse Coming Michaël van de Poppe, a veteran crypto market analyst, pushed back on the more bearish readings. He described what markets are

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JPMorgan CEO Goes Nuclear On CLARITY Act, Calling Coinbase’s Armstrong ‘Full Of S-t’

As lawmakers advance the crypto bill closer to completion, JPMorgan CEO Jamie Dimon attacked Coinbase CEO Brian Armstrong and criticized the CLARITY Act on Friday. Dimon Predicts Clash Over CLARITY Act Speaking at the Reagan National Economic Forum, Dimon said banks “will not accept” the CLARITY Act in its current form. He also suggested that efforts by crypto proponents are unlikely to produce a broad consensus with traditional financial institutions. “It will be fought. No one’s gonna bow down to this guy, or that company,” Dimon said, referring to the act and Armstrong. Dimon continued: “He’s the only one, and he’s spending hundreds of millions of dollars in Washington on this thing… He’s full of shit.” Related Reading: Treasury Secretary Urges CLARITY Act Passage, Saying The US Should Be Home For Crypto As reported by NewsBTC on Thursday, the bill advanced in the Senate earlier this month. The Senate Banking Committee approved its portion, building on earlier progress from January, when the Agriculture Committee successfully voted on its version of the legislation. After a full Senate vote, lawmakers would need to complete the reconciliation steps required to finalize the measure and then secure agreement between the House and the Senate. Only after those steps would the final text move to the president for consideration. Yield And Compliance Provisions Concerns Dimon argued that the bill contains fundamental problems. He said the legislation would allow banks to earn interest on deposits, stablecoins, or related instruments “without the protection they should have,” and he also contended that it fails to address anti-money laundering (AML) and Bank Secrecy Act requirements sufficiently. “It allows them to effectively pay interest on deposits, stablecoins, or something like that, without the protection they should have. And it does not do anything for AML/BSA,” Dimon said. Related Reading: Ethereum (ETH) Drops Below $2,000—Why Standard Chartered Still Expects $4

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