Today's Crypto and Bitcoin News

Huo Xing Cai Jing reports that on May 24, the Virtuals Protocol ecosystem introduced a tool named "OxTrenchor," similar to "Bankr," which enables any user on X to issue tokens via simple commands. Unlike Bankr, OxTrenchor directs 100% of transaction fees (creator fees) directly to a specified X hand...

XRP’s price has slid with the broader crypto market this week, but beneath the red candles there are several active flows that suggest interest in the token remains strong. Market snapshot - The crypto market fell more than 5% over the past seven days, and XRP dropped nearly 5% over the same period...

The past 48 hours were not kind to crypto bulls, as a combined total of $953.89 million worth of long positions were liquidated.The rebound on the 23rd of May also triggered short liquidations, marking the highest volume in three months. Amid this volatility, ZCash [ZEC] bulls have stood tall.Source...

BlockBeats report: On May 24, the Virtuals Protocol ecosystem saw the emergence of a tool named "OxTrenchor," similar to "Bankr," which enables any user on X to quickly issue tokens via simple commands. Unlike Bankr, OxTrenchor directs 100% of transaction fees (creator fees) directly to a specified ...

The crypto sector is set to witness several key token unlocks throughout the next week. In this respect, Falcon Finance ($FF), Super-Fortune ($GUA), and Canton ($CC) are the leading projects with massive amounts allocated for unlocks. As per the data from DefiLlama, the other prominent token unlocks...

Hyperliquid used over $1.16B in trading revenue to automate HYPE buybacks through its Assistance Fund.HYPE briefly surpassed Solana’s fully diluted valuation after climbing above $62 during heavy trading activity.Hyperliquid’s buyback model depends on sustained trading volume to keep funding long-te...

CoinDesk reports:The digital asset market has recently weakened again, as traders are simultaneously processing the concentrated expiration of options, shifts in ETF fund flows, and macroeconomic policy uncertainty. Positions in derivatives for Bitcoin, Ethereum, and XRP have all been adjusted, but ...

Bitcoin looks set to outpace stocks and bonds again, according to Mark Connors, chief investment officer at Risk Dimensions — a shift he links to persistent inflation, high oil prices and weakening bond markets. BTC was trading around $74,703 at the time Connors made the comments. Connors, who prev...

Uniswap [UNI] remains under pressure due to its recent price decline. Factors that appear to strengthen UNI’s bearish outlook include negative derivatives data, which suggests that investors and traders are expecting the price to move lower. At press time, UNI was trading at $3.44, down 7.50% over ...

After AutomationOriginal author: Dan Shipper, Every CEOCompiled by: Peggy, BlockBeatsEditor’s Note: Recently, discussions about AI and work have been dominated by one question: as model capabilities continue to improve, will white-collar jobs be massively replaced? From code generation and customer ...

A trillion-parameter AI model just ran on a graphics card that most gamers would consider mid-range.A Chinese AI enthusiast known as APFrisco demonstrated Moonshot AI’s Kimi K2.5 model, a Mixture-of-Experts (MoE) large language model with 1 trillion total parameters, running on a single Nvidia RTX 3...

According to the Stakeflow page, Cosmos ecosystem’s EVM-compatible chain Evmos has passed Governance Proposal #331, “Evmos Shutdown,” with 99.8% of votes in favor. The proposal states that Evmos nodes will cease operation at block height 37,318,000, corresponding to approximately May 18. Currently, ...

The crypto market saw heavy capital outflows as panic spread across the market over the past 24 hours. Jupiter [JUP] was not spared.JUP, with a market capitalization of around $635 million, declined 13% during this period.While the drop carried a sentiment-driven element, weak on-chain activity also...

Arthur Hayes has cautioned Bitcoin holders against placing too much faith in Michael Saylor, warning that relying on a single influential figure to validate investment conviction is a risky approach to managing exposure in the cryptocurrency market.Hayes, the co-founder of BitMEX, made the remarks d...

## Market SnapshotThe market concerning whether a Canadian province will schedule a referendum to leave Canada before 2027 is currently priced at 57% YES. This reflects an increase from 56% just 24 hours ago and 50% a week ago.## Key Takeaways– Alberta’s announcement to vote on independence in Octob...