news.title

Three overbought cryptocurrencies to steer clear of this week

The crypto market has shown modest rebounds, pushing several tokens into overbought territory where the RSI exceeds 70. An RSI above this level often signals exhaustion and possible short‑term price corrections. Finbold flagged three assets that currently sit in this zone, urging caution for traders. Enjin Coin (ENJ) traded at $0.040 with a 24‑hour RSI of 84.16 after a sharp April rally fueled by high spot volume and a short‑squeeze. Dusk (DUSK) rose 4.85% to $0.16, its RSI reaching 77.6 following a major Aegis protocol upgrade that boosted security and compliance. Both tokens show strong momentum but the elevated RSI suggests buyer fatigue may soon set in. Zcash (ZEC) priced at $364 with an RSI of 73.21, despite a 1% daily dip, after posting weekly gains over 40% driven by record shielded‑transaction inflows. Institutional interest, including a new mining pool, tightened liquid supply and sparked a breakout from long‑term consolidation. Monitoring RSI declines toward support levels could reveal safer entry points once momentum normalizes.

Metrics Reveal Record-High FUD Around XRP, Yet Historical Patterns Suggest It’s Extremely Bullish: Here’s Why

Santiment’s analytics reveal a sharp decline in sentiment toward Ripple’s XRP, while fear, uncertainty, and doubt (FUD) have surged to the third‑highest level observed in the past two years.

Strategy points to another Bitcoin purchase, since the firm needs just a 2% annual increase in BTC to fund its dividends.

The firm acquired almost three times the amount of bitcoin that miners generated in March and hints that purchasing will continue, even though its bitcoin holdings remain billions of dollars underwater.

Dogecoin (DOGE) Pulls Back – Can Bulls Regain Upward Momentum?

Dogecoin slipped below the $0.0930 mark and is now trading under $0.0920 and the 100‑hour SMA. A break of the bullish trend line at $0.0925 on the hourly chart signals further weakness. If price remains under $0.0925‑$0.0930, additional losses are likely. A brief recovery above $0.0910 faced resistance near the 23.6% Fib level. The first major upside barrier is $0.0925, followed by $0.0930 and $0.0938. A close above $0.0930 could open a path to $0.0950, with $0.0980 as the next significant target. Failure to break $0.0925 may push DOGE toward $0.0905 and $0.0900, with strong support at $0.0880. Breaching $0.0880 could open a slide to $0.0820‑$0.0800 in the near term. These levels define the lower risk zone. The hourly MACD is gaining momentum in the bearish region, while the RSI sits below the 50‑point threshold. Major support is clustered at $0.0905‑$0.0900 and resistance at $0.0925‑$0.0938. Traders should watch for breaks of these bands.

White House report shows that banning stablecoin yields barely shifts lending activity, even with policy attention.

White House analysis indicates that limiting stablecoin yields produces only a marginal increase in lending, while banks keep most liquidity by recycling reserves. This outcome questions the fundamental policy premises of the suggested legislation. The study shows the proposed yield ban would raise lending by merely 0.02%, suggesting a negligible effect in practice. It also estimates that only roughly 12% of bank reserves might be restricted under the rule.

Bitcoin's Value Faces New Threat as Peace Talks Fail, Potential Decline Ahead

Bitcoin slipped from the $73,800 zone and is now trading below $72,000 and the 100‑hour SMA. It failed to stay above $72,500, retesting $71,500‑$71,200. A low of $70,517 formed, establishing a bearish trend line near $71,450. The move sits under the 23.6% Fibonacci retracement from the recent swing high. Stability above $70,500 would target $71,500 first, then $72,000. A breach of $72,000 could push the price toward $72,500 and $73,200. Further strength might challenge the $74,000 barrier. If $72,000 holds, the decline could resume toward $70,800 and $70,500. Additional weakness may drive the price to $70,000, $69,200, and potentially $68,800, where recovery looks difficult in the near term. The hourly MACD is accelerating in the bearish zone. RSI has fallen below the 50 level, confirming downside momentum. Key support sits at $70,500 and $70,000; key resistance at $71,500 and $72,000.

Bitcoin falters beneath the $73,107 resistance level as its momentum begins to wane.

BitMEX study shows a rise of over 500% in tokenized commodity and equity perpetual contracts.

Bitcoin poised for its strongest weekly increase since October 2025 after a U.S.–Iran ceasefire.

Justin Sun criticizes WLFI, leading the platform to threaten legal action.

Sun condemned the WLFI platform for its extended token lockup durations and claimed that its smart contract incorporates blacklist capabilities.

Ethereum tops the tokenization competition, holding assets worth billions.

Ethereum leads tokenization of real‑world assets, with billions on its chain. Bonds, funds, real estate and treasuries are issued on ETH. Institutions prefer its on‑chain infrastructure. $22.5 bn of fund assets are tokenized on Ethereum, yielding ~71.9% market share. JPMorgan’s MONY fund, BlackRock’s BUIDL and Franklin Templeton’s money fund mark major 2026 entries. They let autonomous agents access capital without brokers. Ethereum DeFi offers stable money‑market funds with deep liquidity, predictable yields and low smart‑contract risk. Hacks are now rare and limited to speculative edges. Core applications stay robust, and loss share of TVL keeps falling. Broadridge handles >$8 tn of tokenized repo settlements and adds on‑chain governance for equity. Galaxy Digital provides staking for BlackRock’s ETHB ETF, tying institutional capital to blockchain. Their work enables the first on‑chain shareholder vote, hinting at change for the $200 bn proxy‑voting market.

Unpacking Japan’s updated crypto regulations: Could this step determine Bitcoin’s destiny by 2026?

Bitcoin no longer functions as a typical risk asset, and the recent policy decision by Japan may provide an explanation.

Bitcoin and other cryptocurrencies dip as U.S. and Iranian negotiators fail to secure a war settlement

U.S. Vice President J.D. Vance announced that the talks were finished following a full day of discussions in Pakistan.

EOS rises 14% amid the rally

Tehran establishes fresh conditions for Islamabad talks as Bitcoin maintains its recent gains

Iran’s parliament speaker announced that a cease‑fire in Lebanon and the unfreezing of assets are required before Islamabad talks can commence. These conditions were presented as new prerequisites by Tehran. The move highlights Tehran’s focus on regional stability and financial matters. Bitcoin rallied sharply following a brief US‑Iran cease‑fire announcement, though market sentiment stays cautious. The digital currency is holding onto its recent gains. Continue reading at COINTURK NEWS.

XRP’s liquidity does not rebound after the massive October crash

Six months after a disastrous market crash eliminated a historic $19 billion in leveraged positions, liquidity in major cryptocurrencies such as XRP, Bitcoin, and Ethereum remains severely impaired.

A Space Invaders-inspired game that awards real Bitcoin—if you have the skill, luck, or money.

This freshly launched browser title draws inspiration from a classic arcade hit. Players have the opportunity to win real Bitcoin, but earning it will prove difficult.

Man Detained Following a Molotov Cocktail Attack on Sam Altman's San Francisco Residence

Authorities reported that a 20‑year‑old individual threatened to set fire to OpenAI’s headquarters shortly after the incident.

Flare has launched a governance proposal to restructure FLR tokenomics and seize MEV.

Flare has put forward a comprehensive revision of FLR tokenomics aimed at curbing inflation and capturing MEV. The proposal introduces a protocol‑level builder system, higher gas fees, and revised reward distribution mechanisms. These changes are intended to improve network sustainability and value capture. The initiative was presented as a governance proposal to revamp FLR tokenomics and secure MEV revenue. The details were published in a post that originally appeared on COINTURK NEWS. Stakeholders are encouraged to review the proposal and participate in the decision‑making process.

From Reluctance to Endorsement: Coinbase’s Armstrong Backs Treasury Secretary Bessent’s Effort to Enact the Long‑Awaited Clarity Act

Coinbase executive Armstrong expressed backing for Scott Bessent’s appeal, urging Congress to act swiftly on the anticipated Digital Asset Market Clarity Act.

Lummis says the digital‑asset legislation could face an extended delay due to growing political obstacles.

Senator Lummis cautioned the Senate that postponing the Clarity Act could produce a multi‑year setback. She highlighted remaining hurdles such as pending committee approvals and an unresolved debate over ethics rules for government officials. The story, titled “Lummis warns of prolonged delay for digital asset bill amid mounting political hurdles,” appears on COINTURK NEWS. Readers are invited to continue reading the full article on the site.

WLFI drops 13% to historic lows as worries about World Liberty Financial’s liquidation mount.

World Liberty Financial’s WLFI token fell about 13% in 24 hours, reaching a new low of $0.080. The drop follows online reports highlighting the firm’s leverage and collateral use. Social media users linked the fall to fears of potential liquidation. This price movement intensified scrutiny of WLFI’s financial structure. Reports claim WLFI posted roughly 5 billion tokens as collateral and borrowed $75 million in stablecoins from decentralized lender Dolomite. Over $40 million of the borrowed funds were allegedly transferred to Coinbase Prime. Critics note that WLFI dominates more than 50% of Dolomite’s liquidity, raising worries that a price decline could jeopardize collateral safety and trigger forced actions. World Liberty Financial responded that it is a major supplier and borrower on WLFI Markets and is “nowhere near liquidation.” The firm said it would add more collateral if markets move dramatically, framing borrowing as an anchor strategy to generate yield. It argues that this levered approach is built into the system, not a risk of token dumping. The company announced a governance proposal to unlock locked tokens, with community input and a formal vote slated for next week. It highlighted compliance‑grade controls for its USD1 stablecoin, promising seamless upgrades without balance disruptions. World Liberty dismissed critics as “FUD,” emphasizing a focus on long‑term compounding outcomes.

HSBC Hong Kong, Ripple’s partner, and Anchorpoint secure the inaugural HKMA stablecoin licenses.

HKMA issued its first fiat‑backed stablecoin licences to HSBC Hong Kong and Anchorpoint Financial, a joint venture led by Standard Chartered, Animoca Brands and HK Telecom. The approvals came after reviewing 36 applications under the Stablecoins Ordinance, which took effect in August 2025. Licensed firms can now issue Hong Kong‑dollar stablecoins for payments, trade and digital‑asset services. The regulator emphasized reserve quality, risk controls and anti‑money‑laundering standards, keeping approvals deliberately limited. Financial Secretary Paul Chan and Deputy Chief Executive Daryl Ho said future licences will remain “very limited.” Issuers must follow their stated business plans and manage risks as they grow. Both winners are tied to Hong Kong’s note‑issuing banks, a system where banks deposit US dollars with the Exchange Fund and receive certificates before printing HKD notes. The HKMA likens stablecoins to historic private banknotes, positioning them as blockchain equivalents while shifting focus away from a retail CBDC after a weak pilot. New licences impose strict identity checks; only verified wallets can receive the tokens and transfers above HK$8,000 must satisfy the travel rule. HSBC plans to embed its token in PayMe and its mobile banking app for peer‑to‑peer, merchant and tokenised investment use. Anchorpoint will distribute its stablecoin through selected business partners, with both issuers targeting a launch in the second half of 2026.

RAVE surges 221% – Is the $1 level a breakout or a sign of exhaustion, and what follows?

The token RAVE rose 221%, propelled by a surge in trading volume. It is currently testing the $1 resistance threshold, amid growing leverage pressure.