A home‑based solo miner using a consumer‑grade Canaan Avalon Nano 3S overcame odds of roughly 149 million‑to‑1, mined Bitcoin block 951771 over the weekend, and earned a reward estimated at about $232,000. The block was found at approximately 00:27 UTC through Braiins Solo, a pool created for solo miners who seek direct block attribution.
Jerome Powell cautioned that allowing any administration to dismiss Fed officials over policy disputes would erode the institution’s credibility. He called the Fed’s trust a “precious asset” essential for managing inflation, employment, and financial stability. The warning, his first public comment since leaving the chair, signals alarm over political encroachment on monetary policy. Independence is a cornerstone of the Fed’s effectiveness, enabling it to act without partisan pressure. History shows that autonomous central banks better control inflation and sustain economic stability. Powell stresses that politicized firings would turn the Fed into an executive tool, damaging its reputation with markets and investors. Reduced Fed autonomy could raise borrowing costs, lower investment, and trigger long‑term economic instability in the United States. Internationally, the move would likely spark volatility in currency and bond markets as investors lose confidence. Powell’s remarks underscore the need for bipartisan respect for the Fed to preserve both domestic and global financial stability.
The May 29 Spot CVD chart for BTC/USDT combines a volume heatmap with cumulative volume delta data as of 10:00 UTC. It visualizes order‑book dynamics and highlights potential support and resistance zones. The chart offers a clear view of real‑time buying and selling pressure. The top section displays a heatmap that brightens where trading volume clusters at specific price levels. Brighter zones often become future support or resistance because many trades have already occurred there. Traders use these zones to locate likely entry and exit points. Below the heatmap, CVD tracks the net difference between buy and sell orders by size. The yellow line reflects retail orders between $100 and $1 k, while the brown line shows institutional orders from $1 M to $10 M. This breakdown reveals which market participants are driving price moves. A rising brown CVD line signals institutional accumulation, often preceding an upward price swing. A falling yellow line may indicate waning retail interest. Together, the heatmap and CVD provide actionable cues for short‑term Bitcoin trading.
Ethereum slipped below $2,010 and is now consolidating around $2,000. A break of the bullish trend line placed price under the 100‑hour SMA. The dip follows a similar move seen in Bitcoin. Immediate resistance sits near $2,020, followed by $2,030 and a key $2,050 level (50% Fib). Clearing $2,050 could lift ETH toward $2,085 and later to $2,120‑$2,150. Failure to break higher may keep the pair bearish. If $2,050 holds, the next support is $1,980, with stronger zones at $1,965, $1,920 and $1,850. A drop below $1,965 could expose the price to $1,780. These levels frame the potential decline path. The hourly MACD shows growing bearish momentum, while the RSI is below the 50 threshold. Both indicators suggest continued pressure on the downside.
Shiba Inu (SHIB) continues to hold the $0.0000055 support mark as selling pressure builds. Bitcoin has slipped more than 10% and is now trading near $74,000. NEAR is testing its support after a rapid surge that pushed it above $2.20. The details were first reported on COINTURK NEWS.
The Shiba Inu token is maintaining a support level at $0.0000055 despite mounting selling pressure. Bitcoin has fallen more than 10 % and is now trading near $74,000. NEAR is testing its support after a rapid surge that pushed its price above $2.20. The report was first published on COINTURK NEWS under the headline “Shiba Inu holds $0.0000055 support as BTC slides 10%.”
Turkey now leads the region in cryptocurrency activity, recording approximately $200 billion in transaction volume over the last twelve months, making its market the largest in the area. Ripple executive Reece Merrick highlighted Turkey as a prime example of crypto adoption as Istanbul readies itself to host a major blockchain conference. This surge in adoption points to a broader shift across the region, according to Ripple’s senior executive officer and managing leadership.
FET surged 16% as trading volume rose, open interest expanded, and bullish sentiment grew.
ASTER rose to $0.78 following speculation surrounding Binance’s new Haystack product.
The market remains untested, while several assets are edging toward significant support levels.
According to Executive Board member Isabel Schnabel, stablecoins generate multiple challenges for financial stability and monetary policy. The European Central Bank’s most suitable answer is to ensure that public money continues to serve as the system’s anchor.
The BNB coin fell to about $630.92, a 3.3% drop in 24 hours. The broader crypto market is under pressure, led by Bitcoin’s 3.6% loss amid ETF outflows and cautious positioning before US inflation data. This risk‑off sentiment has dragged most major altcoins lower, including BNB. BNB Chain is expanding with AI infrastructure, real‑world asset tokenisation and heightened DeFi activity. However, macro‑driven selling and a falling Altcoin Season Index (down 8.11% to 34) outweigh those internal developments. Large‑cap tokens like BNB continue to mirror overall market liquidity rather than their own innovation. Thirteen of 23 technical indicators are bearish, while BNB trades beneath the 10‑, 20‑, 50‑, 100‑ and 200‑day EMAs. The 14‑day RSI sits around 42, indicating neutral momentum with no oversold bounce. This pattern signals a prevailing downside bias in the short term. BNB is confined to roughly $584‑$680, with resistance near $665 and support around $614. A break above $665 could open a move toward $680‑$774, whereas a dip below $614 may trigger further decline. Until Bitcoin stabilises or BNB regains its key levels, price action is likely to remain range‑bound with a bearish tilt.
The $322 billion market now drives payments, collateral trading, and tokenized finance.
Porter Stansberry, a financial analyst and founder of Stansberry Research, told Anthony Pompliano that the United States is moving toward a comprehensive monetary reset by 2029. He highlighted the impending structural failure of Social Security, the rapid debasement of the dollar, and additional economic pressures as key indicators. Stansberry’s argument rests on the concept of the “Fourth Turning,” a generational cycle that he believes will culminate in a significant financial upheaval by 2029. This framework informs his outlook on the nation’s fiscal trajectory.
Trading volumes for lesser‑known altcoins have increased recently.
RAIN surged over 90% in the last week while Bitcoin and Ethereum stayed under pressure. The token traded near $0.0142 after briefly touching $0.015. The jump follows the Rain Foundation’s $100 million liquidity injection, split evenly between USDT and RAIN, which deepened order‑book depth and cut slippage. Such liquidity is crucial for prediction markets, especially ahead of events like the FIFA World Cup. Following the injection, Rain climbed into the top three decentralized prediction‑market platforms by total value locked, alongside Polymarket and Kalshi. Nasdaq‑listed Enlivex holds about 80 billion RAIN tokens (≈$919 million) and an option for 271 billion more at $0.0033 through 2027, tightening the circulating supply. Treasury holdings and liquidity pools further limit immediate sell pressure, reinforcing the price rise. On the 4‑hour chart RAIN broke a multi‑week $0.0070‑$0.0085 range with strong volume, a bullish MACD crossover, and RSI above 86, indicating overbought conditions. Primary support now lies near $0.0110‑$0.0120, with $0.0080 as a secondary base. Daily data shows a breakout above the high‑volume node $0.0075‑$0.0080 and movement toward $0.014‑$0.015, but the overextension suggests heightened short‑term volatility. Crypto markets remain bearish amid US economic data uncertainty, diverting capital to narrative‑driven altcoins like RAIN. Traders watch inflation and Fed policy; a hawkish shift could dampen speculative inflows. While the rally appears rooted in genuine liquidity expansion rather than a fleeting news spike, rapid pullbacks are possible if momentum wanes.
Collateral quality determines whether a liquid staking token can serve as safe collateral. Tokens must redeem predictably, survive liquidations, and offer reliable oracle updates. Designs that use non‑rebasing wrappers, clear redemption paths, and diversified validators meet these standards. Redemption mechanics shape peg stability; direct withdrawals or deep swap pools limit discounts during stress. Spot liquidity across multiple DEXs and CEXs reduces slippage when liquidators sell collateral. Queues, fees, or limited buffers increase depeg risk and can trigger forced liquidations. Robust oracles aggregate several venues, update quickly, and include sanity bounds to prevent manipulation. Shallow markets or custom TWAPs allow price swings that harm liquidation outcomes. Validator diversity and insurance lower slashing correlation, while centralized control raises it. Lending protocols evaluate depth, oracle quality, smart‑contract audits, and staking mechanics before listing a token. Conservative LTVs, liquidation bonuses, caps, or isolation modes add safety layers. Users should prefer non‑rebasing wrappers, verify redemption routes, and keep health‑factor buffers to avoid liquidations.
Grayscale Research identified Hyperliquid as a leading decentralized finance project with the capacity to evolve into a comprehensive on‑chain financial services platform. The analysis highlighted strong trading volume growth, network effects similar to those of traditional exchanges, and a user base that is expanding rapidly. Hyperliquid’s token mechanics are directly tied to the platform’s usage, ensuring that token value reflects actual demand for its services. Grayscale positioned Hyperliquid as one of the clearest examples of a DeFi breakout, emphasizing its standout characteristics within the cryptocurrency ecosystem.
Lisa Cook warned that if inflation does not reliably trend toward the 2 % goal, she will back keeping rates steady or raising them further. She noted that price gains have eased from peak levels but progress remains uneven. Cook’s comment signals continued vigilance ahead of the next FOMC meeting. Treasury yields ticked up and equity futures slipped after her remarks, tempering expectations of an imminent rate cut. Higher rates would raise borrowing costs for mortgages, credit cards and auto loans. Businesses could face pricier financing, which may dampen investment and hiring. Cook aligns with hawkish members who favor a cautious path, contrasting with colleagues who view the current policy as sufficiently restrictive. Core PCE inflation sits near 2.7 %, above target, driven by sticky services costs. The split reflects worries that overtightening could push the economy into recession. The FOMC will assess fresh consumer‑price and employment data in early May to decide the policy curve. Persistent price pressure could keep rates higher for longer or trigger additional hikes. Market participants and households should prepare for that possibility.
Bitcoin has fallen about 2.8% in the last week, reaching a weekly low of $74,530 per coin. Dormant wallets are reactivating and shifting long‑held funds. At block height 951160, 103.96 BTC—worth roughly $7.8 million at today’s rates—was transferred for the first time in over 12 years.
HYPE may first stabilize its recent rise above $60 before setting its sights on $80.
XRP has been stuck below a strong resistance zone for four months, failing to break $1.65. Price now hovers around $1.33 after repeated rejections between $1.50‑$1.65. The chart shows a tightening pattern since February with multiple failed breakouts. Analyst CasiTrades warns the “clock is ticking” as the asset remains in this range. If the rally stalls, XRP may dip toward lower macro support at $1.10 and $0.87, identified on Coinbase. The 0.702 Fibonacci level sits near $1.36, while the 0.786 retracement lies around $1.08. A final downward flush could complete an Elliott‑wave structure before a reversal. These zones represent the next likely testing points. A decisive move above $1.65, turning the zone into support, would signal the first real trend shift. The analyst projects a steep upward trajectory, with Fibonacci extensions targeting $2.02 and possibly beyond. Once the correction ends, price could climb past $2 in the coming months. Investors are urged to conduct their own research.
CNBC reported on Tuesday that Elon Musk is negotiating a merger between Tesla and SpaceX, which would bring his tech empire closer together and immediately create the world’s fifth‑largest corporate Bitcoin treasury, valued at $3.3 billion.
