Ether price eyes a 14% drop to $1,800 as it trades in a classic bearish pattern amid declining total value locked on the Ethereum network. Ether’s (ETH) price printed a “bear pennant” on the daily chart, a technical chart formation associated with strong downward momentum. Could a weakening technical setup and a decline in total value locked signal the continuation of ETH’s correction to $1,800? Key takeaways: Ether’s 13% drop from its multi-month highs above $2,400 saw it breach a key trend line that has supported the price since early February. Read more
Luffa AI, a leading innovator at the intersection of Web3 and Artificial Intelligence, today announced a strategic equity investment from Hong Kong-listed GoFintech Quantum Innovation Limited (“GoFintech Quantum”, Stock Code: 00290.HK). HONG KONG, May 26, 2026 — Luffa AI, a leading innovator at the intersection of Web3 and Artificial Intelligence, today announced a strategic equity investment from Hong Kong-listed GoFintech Quantum Innovation Limited (“GoFintech Quantum”, Stock Code: 00290.HK). The transaction values Luffa AI at US$220 million. The two parties will engage in deep strategic collaboration across artificial intelligence, quantum security, blockchain, and compliance fintech to jointly explore the new AI + Quantum Blockchain Fintech track. The current internet is highly fragmented: identities are siloed and controlled by platforms, AI agents lack independent identities, wallets, and execution capabilities, value and payments are locked within closed ecosystems, and AI-generated content remains unv...
Hyperliquid launched canonical prediction markets for offchain events, expanding beyond perps as analysts frame it as an onchain superapp. Decentralized exchange (DEX) Hyperliquid launched canonical prediction markets for offchain events, as the platform starts expanding beyond perpetual futures. Validators run automated newsfeed software that publishes the markets and votes on deployment and settlement, Hyperliquid said in a Monday Telegram post. The markets are built on Hyperliquid’s HIP-4 and use Circle’s USDC (USDC) as the quote asset. Hyperliquid said the first markets will open based on the May Consumer Price Index (CPI) year-over-year change and the June federal funds rate decision. Read more