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U.S. Congress returns as GENIUS comments periods close, jobs report: Crypto Week Ahead
Your look at what's coming in the week starting June 1.
Independent Coverage
Crypto News
Updated every 15 min
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⚡ Breaking
XRP To $1,000? Expert Lays Out Macro Domino Theory
Jake Claver has outlined his macro thesis for why XRP could eventually reach $1,000, arguing in a May 31 interview with MissCrypto that the asset may benefit from a rare convergence of global liquidity stress, stablecoin regulation, tokenization and real-time settlement demand. Claver acknowledged that the target appears extreme when viewed through the usual market-cap framework. But he argued that crypto investors are applying the wrong lens to assets designed to support global settlement networks.“ I know that seems like a high price point for a lot of people,” Claver said. “They look at the
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NYDIG suggests $1.3B IBIT sale was whale exiting directional trade
NYDIG’s Greg Cipolaro says a sale below market price and giving up millions of dollars for immediate execution indicates a large directional holder exited a trade on BlackRock’s IBIT last week.
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Bitwise completes takeover of Superstate's $259M crypto carry fund
The transition gives the asset manager control of a tokenized fund that combines crypto carry trades with Treasury and digital asset exposure.
📉 Bearish
Sui Foundation says ‘major upgrade’ fixed bugs behind three outages
The Sui Network's first two outages were caused by bugs introduced in its 1.72 update, while an interim fix deployed to restore the blockchain triggered the third.
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BNB Extended Price Target Says $780 Is Coming, But What About $1,000?
BNB’s growth trajectory over the years has reflected the performance of the Binance crypto exchange, rising as the exchange grew. This has propelled it to become one of the largest cryptocurrencies by market cap, and with the market picking up again, expectations for where the BNB price might end up have begun to rear their heads again. BNB Bullish Triggers Are Lining up Again Crypto analyst Melikatrader94 on the TradingView website has outlined a trading plan for BNB, showing that the bullish factors are beginning to align one more. The first instance of this is the fact that BNB has formed a
📉 Bearish
XRP drops to $1.32 as sellers overpower exchange outflows
XRP hit a 15-week low before stabilizing, with traders watching whether the latest washout turns into a base or another leg lower.
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Bitcoin extends slide as spot ETF outflows hit a record while Wall Street rips on AI
U.S. spot bitcoin ETFs lost $2.97 billion across 10 trading days through Friday, the longest outflow streak on record. Oil's bounce on the stalled Iran deal added pressure even as global equities hit new highs on the Nvidia and SoftBank AI trade.
📈 Bullish
Coinbase launches Indian rupee rails with perps access in expansion push
The Nasdaq-listed company said it has established INR order books to provide dedicated liquidity for users in the country.
📉 Bearish
XRP Price Loses Ground As Bearish Pressure Quietly Builds
XRP price started a downside correction below the $1.3420 zone. The price is now showing bearish signs and might decline further below $1.3150. XRP price started a downside correction after it failed to stay above the $1.3450 zone. The price is now trading above $1.3150 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $1.3380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.3420. XRP Price Dips Below Support XRP price struggled to stay above $1.3520 and started a fresh d
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The Funding: How crypto hedge funds are navigating weak markets
As crypto markets remain weak, fund managers say asset selection, fundamentals, and alpha matter more than ever.
📉 Bearish
Ethereum Price Slide May Not Be Over Yet—More Losses Loom
Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating near $2,000 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $2,010. The price is trading below $2,010 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,050 zone. Ethereum Price Remains At Risk of More Downside Ethereum price failed to remain stable above $2,040 and started a fresh dec
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Coinbase makes a major play for India’s booming $3 billion crypto market with local currency launch
Coinbase announces INR rails to make the platform fully accessible to Indian retail traders.
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Strategy's Michael Saylor teases BTC buy with 'working better' tweet
Strategy may be set to announce it has resumed buying Bitcoin after pausing in recent weeks as the biggest crypto looks poised to close out the month down more than 3.5%.
📉 Bearish
UK treats crypto network like a sanctioned bank after claims it processed $90B for Russia
Western governments spent three years building what they believed was an airtight financial blockade around Russia, severing its banks from SWIFT, freezing sovereign reserves, and barring major institutions from clearing dollar transactions. And according to British authorities, Russia may have spent much of that same period engineering an alternative financial system designed to circumvent it […] The post UK treats crypto network like a sanctioned bank after claims it processed $90B for Russia appeared first on CryptoSlate.
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Kraken ‘plans’ regulated perp contracts as rivals are quick off blocks
In the wake of CFTC approval of perpetual futures contracts tied to the spot price of Bitcoin, Kraken expects to offer those to US institutional clients within "the next month."
⚡ Breaking
Revealing the moment crypto started reshaping American elections
Less than four years after the collapse of FTX triggered calls for a sweeping crackdown, the crypto industry has emerged as one of the fastest-growing forces in American politics. It is spending millions across both parties, reshaping key elections, and transforming itself from a regulatory target into a powerful new political machine. In 2022, Washington's […] The post Revealing the moment crypto started reshaping American elections appeared first on CryptoSlate.
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Bitcoin preps 3% May downside, but US PMI data may boost BTC price
Bitcoin faced ending May lower by around 3%, with the possibility of US PMI data giving BTC price action a boost next week.
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How President Trump’s Immigration Order Will Feed the Stablecoin Economy, Bitcoin ATMs
When the Trump family faced pressure from banks, it embraced crypto. Now, immigrants who are in the U.S. illegally face a similar choice.
📉 Bearish
Cardano Foundation cancels 2026 summit after treasury funding vote falls just short
The measure needed two-thirds support but got only 65%, even after late endorsements from Cardano's founder and the Foundation CEO.
📉 Bearish
How a disputed $1 billion claim became a powerful weapon against prediction markets
On the American Gaming Association's website, a counter has been climbing for months, tallying what the casino-and-sportsbook lobby says states and tribes have lost to prediction markets. On Thursday, it rolled past $1 billion, and the AGA moved fast to make a headline out of it, with President Bill Miller going on CNBC to warn […] The post How a disputed $1 billion claim became a powerful weapon against prediction markets appeared first on CryptoSlate.
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Bitcoin price targets $78K as BTC holders defend 'strongest near-term support'
Bitcoin’s bounce from a key holder cost-basis level has improved the case for further upside, with historical data pointing to $101,000 as a potential best-case target.
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Vietnam proposes allowing SMEs to use digital assets as loan collateral
Vietnam’s Ministry of Finance has proposed letting SMEs use digital assets, virtual assets and intellectual property as loan collateral.
📈 Bullish
Bitcoin sentiment reaches most ‘lopsided positive’ ratio for 2026: Santiment
Crypto sentiment platform Santiment warned that the two biggest spikes in social media bullishness around Bitcoin have previously been followed by short-term price pullbacks.