Cointelegraph.com
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Cointelegraph.com - 05:46 May 22, 2026
Uncertainty surrounding the current macro environment “appears to be pushing institutions toward hedging strategies while waiting for greater clarity,” said analyst Darkfost. A key indicator of institutional crypto market participation, the Coinbase premium has fallen deeper into negative territory, indicating increased selling pressure from institutions. The Coinbase premium has been mostly negative since late April, but it has fallen much faster over the past seven days and recorded its lowest level this month at -0.0983% on May 21. “Institutional selling pressure has intensified recently,” CryptoQuant analyst Darkfost said on Thursday. Read more -
Cointelegraph.com - 04:57 May 22, 2026
CertiK reported earlier this month that criminal wrench attack teams usually consist of three to five people and are often made up of amateurs, while the masterminds are outside the country. Two of the six men accused of attempting to kidnap the wife of Sébastien Borget, the co-founder of The Sandbox, were arrested after calling an Uber to flee the scene, according to local reports. One of the attackers, disguised as a delivery driver, allegedly convinced Borget’s wife to open the gate at their home in the Île-de-France region in northern France. Then five masked accomplices rushed into the courtyard and tried to force her into a nearby car, Le Journal du Dimanche reported Thursday. Neighbors intervened, forcing the attackers to flee. Four escaped in the vehicle, while two others fled on foot and ordered an Uber, which was then intercepted by the Meaux Anti-Crime Brigade, according to Le Journal du Dimanche. The two suspects were allegedly found with a replica handgun, cable ties and balaclavas. Read more -
Cointelegraph.com - 04:02 May 22, 2026
Under the American Reserve Modernization Act of 2026, Bitcoin must be held for a minimum of 20 years unless used to slash national debt. US lawmakers have renewed efforts to codify a US strategic Bitcoin reserve with a new bipartisan bill on Thursday that seeks to acquire around 1 million Bitcoin over five years. The American Reserve Modernization Act of 2026 would establish a Strategic Bitcoin (BTC) Reserve and Digital Asset Stockpile for other federally held cryptocurrencies, which would be held by the US Treasury Department, said the bill’s sponsor, Representative Nick Begich. ARMA, sponsored by 16 members of Congress, builds on the BITCOIN Act, which was introduced in July 2024 and updated in March 2025. Read more -
Cointelegraph.com - 03:59 May 22, 2026
Fantasy.top, Everclear and ZERO Network announced they were winding down on Thursday, adding to a growing list of crypto companies that have closed this year. At least five crypto companies have shuttered this week as a prolonged downturn in the crypto market has put downward pressure on user activity and investor funding. Crypto trading card platform Fantasy.top, cross-blockchain infrastructure company Everclear, and Ethereum layer-2 blockchain ZERO Network all announced Thursday that they were winding down, with their products failing to find the right fit in the market or sustain enough revenue. This came the same week Ethereum infrastructure firm Syndicate Labs announced it was winding down after five years in a shrinking rollup market, and crypto ATM company Bitcoin Depot filed for bankruptcy in the US on Monday, citing financial strain and regulatory pressure. Read more -
Cointelegraph.com - 00:34 May 22, 2026
Data show Bitcoin futures traders are pursuing overhead short positions, raising the chance of a rally to $80,000. A liquidity imbalance in Bitcoin (BTC) is building near $80,000, with more than $4 billion in short positions vulnerable to liquidation above that level. The setup strengthened after Bitcoin defended support near $76,100 for two days and formed bullish signals on the lower time frames. On the one-hour chart, Bitcoin formed a bullish divergence between the price and the relative strength index (RSI), with improving momentum and higher lows near $76,100, suggesting underlying buying strength. BTC also retested $78,000 on Thursday after defending the $76,100 support level multiple times this week. Read more -
Cointelegraph.com - 23:07 May 21, 2026
Data shows Bitcoin traders cutting short positions and going long despite concerning US macroeconomic data emerging. Is a rally toward $82,000 next? Key takeaways: Bitcoin (BTC) flirted with $78,000 on Thursday but failed to sustain its bullish momentum after a disappointing outlook from US retailer Walmart and growing signs of a more restrictive US monetary policy. Despite weakening macroeconomic conditions, professional Bitcoin traders increased their bullish exposure. Is a rally to $82,000 the next step? Read more -
Cointelegraph.com - 22:02 May 21, 2026
Harvard's endowment fund has become one of the latest high-profile holders to liquidate its ETH as investor sentiment sours during the ongoing bear market. Harvard Management Company, the entity that manages Harvard University’s endowment fund, sold all of its Ether (ETH) holdings after just one quarter, according to its Q1 2026 United States Securities and Exchange Commission (SEC) filing. The endowment no longer holds the $87 million in BlackRock iShares Ethereum Trust exchange-traded fund (ETF) shares, which it held in Q4 2025, according to its Q1 2026 SEC filing. Harvard also reduced its exposure to Bitcoin (BTC) in Q1 2026, offloading about 2.3 million Bitcoin ETF shares. The endowment fund still holds more than 3 million shares of BlackRock’s iShares Bitcoin Trust ETF, valued at nearly $117 million. Read more -
Cointelegraph.com - 20:48 May 21, 2026
Federal Election Commission filings showed only $175,000 in contributions to the hybrid PAC, which could influence US voters through media buys before key elections in several states. A political action committee (PAC) that claimed to “support candidates working to advance digital asset and blockchain policy in the United States” announced its picks for the 2026 election cycle, potentially influencing key races with money from the crypto industry. In a Thursday notice, the Blockchain Leadership Fund said it had endorsed ten candidates for the 2026 US midterm elections, four in the Senate and six in the House of Representatives. Chainlink Labs and Anchorage Digital announced the launch of the PAC in March amid other committees that spent heavily in the 2024 US election cycle, like Fairshake. The PAC’s picks included Republicans Barry Moore, Kurt Alme and Jon Husted for US Senate races in Alabama, Montana and Ohio, respectively, and Houston Gaines, Jim Kingston and Jon Bonck for House runs in Georgia’s 10th dis... -
Cointelegraph.com - 20:39 May 21, 2026
Data suggest Bitcoin’s chance of dropping below $60,000 again is slim to none, thanks to longer-term investors holding more than 71% of the asset’s total supply. The chance of Bitcoin (BTC) falling below $60,000 is “extremely slim,” according to data showing that BTC long-term holders increased their holdings to 71.6% of the total supply. In addition to this data, a key technical signal turned bullish for the first time since February. Crypto analyst Sykodelic said the possibility of Bitcoin revisiting fresh lows has “become extremely slim” after the weekly relative strength index (RS) retested the 50 level. Historically, Bitcoin has entered long-term expansion phases after the RSI recovered above that threshold following an oversold position. Read more -
Cointelegraph.com - 20:28 May 21, 2026
The crypto exchange's new pre-IPO futures product lets traders speculate on SpaceX’s expected public market valuation before the company begins trading on public exchanges. Binance launched perpetual futures contracts tied to the expected valuations of private companies ahead of their public listings, starting with a SpaceX-linked product settled in Tether's USDt (USDT). Binance said pre-IPO perpetual contracts are expected to reflect publicly available IPO pricing indicators, including announced valuation ranges and final offering prices, before a company begins trading publicly. After a listing, the contracts would transition to tracking live market prices. The first contract, SPCXUSDT Pre-IPO Perpetual, is tied to SpaceX's expected public market valuation, with additional pre-IPO perpetual contracts to follow over time. Read more -
Cointelegraph.com - 18:44 May 21, 2026
Critics say the new 22% crypto tax, set to take effect in 2027, unfairly favors other asset classes with a much lower tax burden. A petition to scrap a 22% tax on crypto investment gains in South Korea reached the 50,000-signature threshold required for the country’s Finance and Economic Planning Committee to review objections to the new tax regime. The 22% tax, set to take effect in January 2027, imposes financial and reporting “burdens” on investors, while also limiting upward mobility for younger individuals, who are locked out of housing markets due to skyrocketing real estate prices, according to the petition. The petition now has more than 52,000 signatures. Source: South Korea Assembly Read more -
Cointelegraph.com - 18:15 May 21, 2026
The financial regulator signed a similar agreement with Major League Baseball in March and continues to file lawsuits against state-level authorities going after prediction market platforms over sports betting. The US Commodity Futures Trading Commission (CFTC), under the sole leadership of Republican Michael Selig, announced a memorandum of understanding with the National Hockey League to “protect the integrity of professional hockey and maintain fair and transparent prediction markets.” In a Thursday announcement, Selig said the move was intended to protect prediction market users from “insider trading, fraud, and other abuse” as the CFTC continues to maintain what it calls its “exclusive jurisdiction” over platforms like Kalshi and Polymarket. The agency signed a similar agreement with Major League Baseball in March, at the same time the league announced Polymarket would be its Official Prediction Market Exchange. Read more -
Cointelegraph.com - 17:30 May 21, 2026
The crypto services company began the US IPO process as companies across the digital asset sector weigh public market debuts. Crypto services company Blockchain.com confidentially filed for a US initial public offering (IPO), becoming the latest digital asset player to pursue a public listing as crypto firms return to equity markets. The company said it submitted a draft S-1 registration statement to the US Securities and Exchange Commission (SEC) related to a proposed offering of Class A ordinary shares. Pricing and the number of shares have not yet been determined. According to Thursday's announcement, the proposed IPO remains subject to market conditions and SEC review. Confidential S-1 filings allow companies to begin the IPO process and receive regulatory feedback before publicly disclosing financial and offering details. Read more -
Cointelegraph.com - 16:21 May 21, 2026
Bitcoin whales and investors shift to distribution as realized losses surge past $600 million, as BTC price declines toward $76,000. Bitcoin (BTC) has dropped nearly 7% from its local peak of $82,800, as several groups of wallet holders switched from accumulation to distribution. Data suggests that this distribution, combined with increasing realized losses, points to a potential shift in momentum. Key takeaways: The yearly absorption rate measures the amount of new BTC issued that has been absorbed by the market over the past year. Currently, the absorption rate by exchanges is improving while whales are losing coins at a historic pace. Read more -
Cointelegraph.com - 15:50 May 21, 2026
Bitcoin should shift 5% or more "soon" with $77,000 staying the focus amid mixed messages over the latest US-Iran peace deal plans. Bitcoin (BTC) focused on $77,000 on Thursday as analysis eyed a minimum 5% BTC price move. Key points: Read more -
Cointelegraph.com - 14:50 May 21, 2026
IG Group, which launched spot crypto in the UK last year, is bringing the service to European investors through Bitpanda’s infrastructure. IG Europe has partnered with Bitpanda to offer crypto for European investors, using the Austrian exchange’s infrastructure for liquidity, trading connectivity and market data. IG’s push to bring spot crypto trading to its European client base comes after launching the service in the United Kingdom in 2025. The new expansion has no confirmed timeline. “This partnership broadens our product offering across Europe, giving experienced investors access to a wider range of asset classes with the quality and security they demand,” said Esteve Jane, managing director of IG Europe, which is regulated by BaFin in Germany. Read more -
Cointelegraph.com - 13:44 May 21, 2026
HYPE’s rally is flashing exhaustion near its record-high resistance, raising the risk of a 20% pullback toward the $51.5–$45 support zone. A Hyperliquid (HYPE) whale is refusing to close a massive short position even as the token’s rally leaves the trader sitting on more than $22 million in unrealized losses. Key takeaways: As of Thursday, the wallet '0x8ef...' held a 5x cross-margin short on 1.80 million HYPE, worth about $102.98 million, with an entry price near $44.96, according to HypurrScan data. Read more -
Cointelegraph.com - 13:35 May 21, 2026
Kraken’s parent company, Payward, received preliminary approval from Dubai's VARA, paving the way for UAE dirham funding, margin and OTC trading and institutional access via Kraken Prime. Cryptocurrency exchange Kraken moved closer to a launch in the United Arab Emirates after its operator, Payward, received preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA), according to the company. Payward on Thursday announced its UAE expansion alongside receiving preliminary approval for a broker-dealer, investment and management licence from VARA. A spokesperson for Kraken told Cointelegraph the preliminary approval was granted on Thursday, with a full launch date to be confirmed. Read more -
Cointelegraph.com - 13:23 May 21, 2026
OFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network allegedly converting drug proceeds into crypto. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned six Ethereum addresses tied to a Sinaloa Cartel-linked money laundering network that allegedly converted drug proceeds into cryptocurrency. OFAC added the addresses to its Specially Designated Nationals list (a US sanctions list of people, entities and assets subject to blocking restrictions) on Wednesday as part of sanctions against 11 individuals and two entities connected to two Sinaloa Cartel financial networks. Treasury said one network, led by Armando de Jesus Ojeda Aviles, collected bulk cash in the US from fentanyl and other drug sales before allegedly converting the money into cryptocurrency for transfer to the cartel in Mexico. Read more -
Cointelegraph.com - 12:49 May 21, 2026
Bitcoin demand and ETF flows weaken as BTC struggles below $80,000, raising risks of prolonged consolidation or a drop toward $65,000. Demand for Bitcoin (BTC) has decreased sharply over the last few days as the price ran into overhead resistance above $80,000. Analysts say BTC’s inability to hold key support levels may be paving the way for a prolonged consolidation. Key takeaways: Bitcoin’s apparent demand has dropped to its lowest level since mid-January, as traders and investors adopted a risk-off approach due to geopolitical and macroeconomic uncertainties. Read more
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