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22 May 2026, 01:30
Upside Still Rolling For HYPE And Zcash—But Danger Zones Are Getting Closer

Hyperliquid’s native token, HYPE, pushed to a fresh all-time high near $63 on Thursday, while Zcash (ZEC) also continued working its way toward its current record levels. HYPE’s momentum has been especially strong over the longer view compared to its market peers, recording about a 45% gain on the monthly time frame. Zcash has been running even hotter, with a 108% rise over the same period. That performance has carried both assets closer to the top of the overall cryptocurrency rankings by market capitalization. HYPE has climbed to the 11th largest position, while ZEC is in 13th place. Downside Odds Rising For HYPE NewsBTC had earlier noted that HYPE briefly surged to $62.80, marking a new record peak for the token. Zcash, meanwhile, climbed toward a double top over the past 24 hours near the $690 area. By Thursday evening, both coins had pulled back from these key levels: HYPE retraced to about $57, and ZEC slipped to around $659. Despite the pullback, the more cautious note came from technical analyst Ali Martinez, who warned that both tokens may be entering areas where the probability of downside increases. In a post on X (formerly Twitter), Martinez emphasized that when trades become crowded and sentiment turns overwhelmingly bullish, investors should watch for signs of exhaustion—not just continue assuming momentum will carry indefinitely. According to Martinez, the last two TD Sequential sell signals on HYPE occurred when the Relative Strength Index (RSI) and the Chande Momentum Oscillator were also at overheated readings. Those setups, he noted, were followed by meaningful corrections. Now, he says, a very similar pattern is unfolding. For the near-term, Martinez cautioned that if price rejection shows up from that zone, a retracement toward roughly $40 becomes increasingly likely. Zcash Could Retrace Toward $380 Zcash’s setup, in Martinez’s view, looks structurally similar. He said ZEC has surged more than 40% over the past week and is now moving into the same general resistance area that previously produced a major rejection back in November, around the $700–$730 range. The analyst argued that this situation becomes more consequential because the sell signal is emerging on the weekly chart, not just in the short term. He also noted that the prior move—from the bottom of the channel to the top—had been anticipated by a weekly TD buy signal , which makes this flip in momentum more noteworthy. In addition, he said momentum indicators are starting to look stretched again, and if the weekly sell signal confirms, the correction could end up being larger than traders might expect from a typical pullback. Martinez outlined potential downside areas for Zcash if the bearish signal develops. He named an initial downside zone around $500, followed by a deeper retracement target near $380. His overall conclusion is that while both HYPE and Zcash remain in strong uptrends, the market conditions around current levels suggest risk is rising. Featured image created with OpenArt, chart from TradingView.com
22 May 2026, 01:15
Bitcoin Options Worth $1.59B Set to Expire Today on Deribit

BitcoinWorld Bitcoin Options Worth $1.59B Set to Expire Today on Deribit A significant batch of Bitcoin options contracts, valued at approximately $1.59 billion, is scheduled to expire on the Deribit exchange at 8:00 a.m. UTC today. This weekly expiry event is one of the larger ones in recent months, drawing attention from traders and analysts monitoring potential market volatility. Key Expiry Metrics According to data from Deribit, the put/call ratio for the expiring Bitcoin options stands at 0.66. This ratio indicates that there are more call options (bullish bets) expiring than put options (bearish bets), suggesting a generally positive sentiment among options traders heading into the expiry. The max pain price, or the price at which the most options would expire worthless, is set at $78,500. This level often acts as a magnet for the underlying asset’s price as expiry approaches. Ethereum Options Also Expiring Alongside Bitcoin, Ethereum options worth $270 million are also set to expire at the same time. The put/call ratio for ETH is notably higher at 0.92, reflecting a more balanced or slightly bearish sentiment compared to Bitcoin. The max pain price for Ethereum is $2,200. The combined value of both expiries exceeds $1.86 billion, representing a substantial notional amount that could influence short-term price action. Market Implications Options expiries, particularly large ones, can lead to increased trading volume and price fluctuations around the expiry time. The max pain theory suggests that market makers may try to keep the price near the max pain level to minimize their payout obligations. However, other factors, such as macroeconomic news or broader market trends, often play a more dominant role. For traders, understanding these expiry dynamics is useful for anticipating potential support or resistance levels. Conclusion The expiry of $1.59 billion in Bitcoin options and $270 million in Ethereum options on Deribit is a notable weekly event for crypto derivatives markets. The put/call ratios and max pain prices provide insight into market positioning, but the actual market impact will depend on broader conditions. Traders should monitor the expiry window for potential volatility. FAQs Q1: What does the put/call ratio of 0.66 for Bitcoin options mean? A put/call ratio below 1 indicates that more call options (bullish bets) are expiring than put options (bearish bets), suggesting a relatively optimistic sentiment among options traders for this expiry. Q2: What is the max pain price, and why is it important? The max pain price is the strike price at which the largest number of options contracts would expire worthless, causing the most financial pain to option holders. It is important because the underlying asset’s price often gravitates toward this level as expiry approaches, due to market maker hedging activity. Q3: How does a large options expiry affect Bitcoin’s price? A large expiry can cause short-term volatility and increased trading volume around the expiry time. While the max pain level can act as a magnet, the broader market trend and other fundamental factors typically have a stronger influence on price direction. This post Bitcoin Options Worth $1.59B Set to Expire Today on Deribit first appeared on BitcoinWorld .
22 May 2026, 01:09
Flare CEO says XRP set for institutional leap with confidential compute and DeFi expansion

Hugo Philion , co-founder and CEO of Flare , wants to create a system that allows institutions to trade and lend using XRP-backed assets without exposing their activity to the public. The new system, called Confidential Compute, will launch in Q3 2026. Philion spoke in an interview with crypto YouTuber Crypto Sensei on YouTube , saying Flare is the missing link that the XRPL needed for smart contracts, yield generation, and private computation. What is FXRP and why is it a big deal? FXRP is simply a copy of XRP that lives on the Flare blockchain instead of the XRP Ledger. FXRP is worth as much as XRP, but because it lives on Flare, it supports smart contracts, and institutions can use it in lending markets, trading pools, and yield strategies. XRP on its own cannot access these features. Once users finish trading FXRP, they can swap it back to the original XRP at any time. Flare spent years testing the system on its Songbird canary network and launched FAssets on the mainnet in September 2025. What did FAssets v1.3 change? Before the v1.3 upgrade, users had to go through several steps just to convert XRP into FXRP. The process was confusing for non-technical crypto users, and the friction involved made it less appealing to banks. With the v1.3 upgrade, users can now send XRP in a single step, as the system handles the rest and issues FXRP to them without additional approvals. Philion said that any exchange worldwide that already supports XRP destination tags can automatically support FXRP minting, since the new design uses the native XRP Ledger . According to the Flare Network official documentation , “XRPL is where XRP is issued and moved. Flare is where XRP becomes programmable.” Philion also said that Flare limits how much FXRP the system can mint at a time (minting cap) to prevent cyberattacks. The system will also automatically liquidate all FXRP if agents who provide liquidity fail to post collateral that exceeds the FXRP they issue. And when the protocol faces a severe attack or critical failure, Flare’s Core Vault can route funds to a regulated custodian connected to Ripple. What lending markets is Flare building for XRP? Flare is working with Firelight and Morpho protocols to fill the lending gap in XRPL. Firelight adds liquid staking for XRP on the Flare network, allowing users to keep earning from their shared pool contributions while also using the derivative token in other DeFi strategies. Morpho, on the other hand, lets big institutions set up a market where only verified counterparties can borrow, at rates they define, with collateral they approve. It is almost similar to how institutional lending works in traditional finance, and it is a way to pitch to the same banks and treasury desks that already use XRP for cross-border payments. Flare is also working with the crypto platform Uphold to build one-click products that put these capabilities in the hands of everyday users. What is Confidential Compute, and why would institutions care? Flare 2.0, or Flare Confidential Compute, is a system the company wants to create to provide blockchain privacy for large financial institutions. Because blockchain activity is fully public, banks, hedge funds, or asset managers face front-running risks whenever they post a massive trade on a public blockchain. But Confidential Compute creates sealed private rooms for computation using Trusted Execution Environment (TEE). With this system, a computer’s processor can run code in complete isolation, even without the knowledge of the computer’s operator. Institutions will be able to trade real-world assets issued on the XRPL, borrow against them, or run a compliant decentralized exchange without publicizing any of the activity. Who is already using Flare’s infrastructure for real money? Nasdaq-listed VivoPower (VVPR) deployed $100 million in XRP via Flare’s FAssets infrastructure in June 2025. VivoPower converted its corporate treasury into XRP, so it earns yield on FLare. Kevin Chin, VivoPower’s CEO, said the company wants to build “a virtuous cycle” in which it earns yield, uses it to buy more XRP, and repeats the process. The company’s backing came from a notable group of shareholders, including a member of the Saudi royal family. Flare also teamed up with hardware wallet maker D’CENT to launch the XRP alliance that connects D’CENT’s 720,000 hardware wallet users directly to XRP yield vaults on Flare. Users can now deposit XRP using only two digital signatures through Flare Smart Accounts, mint FXRP, and start earning. They do so while keeping their coins in self-custody. The campaign attracted over 5,400 users, and the initial earnXRP vault reached its 25 million XRP cap in just one week. If you're reading this, you’re already ahead. Stay there with our newsletter .
22 May 2026, 01:00
$6.7 million drained – How a user lost funds from both Coinbase and Kraken

Attackers are constantly coming up with new ways to get around crypto security systems.
22 May 2026, 01:00
Bitcoin $78,000 Rebound Fizzles As Coinbase Premium Stays Red

Data shows the Bitcoin Coinbase Premium Index remained at negative levels despite the rebound in BTC’s spot price back toward $78,000. Bitcoin Coinbase Premium Gap Points To Selling Pressure From US Traders As pointed out by analyst Axel Adler Jr in an X post, the Bitcoin Coinbase Premium Index has been inside the negative territory recently. This indicator tracks the percentage difference between the BTC spot price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Bitcoin ETF Inflows Are Underperforming In 2026, Data Shows In short, what this metric tells us about is how the trader’s buying and selling behaviors compare between Coinbase and Binance. Below is the chart shared by Adler Jr that shows the trend in the Bitcoin Coinbase Premium Index over the past year: As is visible in the graph, the Bitcoin Coinbase Premium Index was at mostly positive levels during the second half of 2025, indicating that the asset was going for a higher price on Coinbase as compared to Binance. Such a trend naturally implies that Coinbase users were providing a higher amount of buying pressure. The trend flipped toward the end of the year as Coinbase users took to selling alongside the price drawdown. From the chart, it’s visible that 2026 only furthered the downward trajectory in the metric, with a massive negative peak coming alongside the crash at the start of February. As the market has stabilized since this crash, the index has also calmed down, but negative values have still largely dominated. Interestingly, the latest streak of red levels has come despite the recent recovery that BTC has witnessed. Coinbase’s main traffic is made up of US-based investors, with institutional entities from the nation being prominent customers for the platform. The spot exchange-traded funds (ETFs), which have been around for nearly 2.5 years now and have acted as a gateway for institutions, also use the exchange as a custodian. In recent years, the price has often tended to correlate with the Coinbase Premium Index, suggesting that American whales have driven the market. As such, it may not be surprising that the recent recovery surge fizzled out when Coinbase users didn’t back it. Related Reading: Bitcoin Fall Under $77,000 Triggers Spike In Social Media FUD This pattern may also have played out again on a shorter timeframe. During the past day, Bitcoin witnessed a surge back toward the $78,000 level, but the move couldn’t last, and the coin has since retraced. The Coinbase Premium Index is sitting at a value of -0.098 right now, which is the lowest level this month. This relatively high selling pressure on Coinbase may be the source of the retrace. BTC Price Bitcoin has returned to the $77,300 mark following its latest pullback. Featured image from Dall-E, chart from TradingView.com
22 May 2026, 00:58
EU consumer groups accuse Google, Meta and TikTok of letting scam ads slip through

European consumer groups have filed complaints against Alphabet’s Google (GOOGL), Meta Platforms (META), and TikTok, saying the companies are still letting financial scam ads reach users. The complaints were filed on Thursday by the European Consumer Organisation, known as BEUC, and 29 member groups from 27 countries. The case has been sent to the European Commission and national regulators under the EU Digital Services Act. That law makes large online platforms deal with illegal and harmful content more seriously. BEUC says fake money ads are still showing up on major platforms, even after users report them. The group says people can lose hundreds or thousands of euros when fraudsters push fake investment offers, crypto-style traps, and other online schemes. BEUC says Google, Meta and TikTok let fraudsters keep reaching European users Agustin Reyna, BEUC’s director general, said Meta, TikTok, and Google are not removing scam ads early enough. He also said they do too little after being told about the scams. “Meta, TikTok and Google not only fail to proactively remove fraudulent ads but also do little when being notified about such scams,” Agustin said. He said the danger is not small because fraudsters can reach millions of people in Europe every day. “If they fail to address the financial scams circulating on their platforms, fraudsters will continue to reach millions of European consumers daily, leaving people at risk of losing hundreds to thousands of euros to fraud,” Agustin said. Google rejected the complaint. A company spokesperson said the filing gives the wrong picture of how Google handles scam ads. “This complaint misrepresents how we fight scams and is inherently flawed. We take extensive measures to keep scams off our platforms, blocking over 99% of policy-violating ads before they are ever seen,” the spokesperson said. Meta also rejected the claims. The company said it found and removed more than 159 million scam ads last year. Meta said 92% of those ads were taken down before any user reported them. “We invest in advanced AI, tools, and partnerships to stop them,” a Meta spokesperson said. EU weighs chip sanctions delay as tech firms put $125 million into AI semiconductor work These scam advertisement complaints were occurring amid speculation that the European Union may offer a temporary exemption to a Chinese semiconductor supplier affected by Russian-backed sanctions. According to Bloomberg, the exemption may be announced in the coming days. This Chinese company forms part of the sanctioned group approved last month, in addition to other Chinese companies. The Chinese ministry of commerce rejected the sanctions package. The EU was asked to hold back on implementing the ban because European automakers had not yet been able to establish alternative supply chain sources for the Chinese semiconductor supplier, and risked running out of chip supplies in the coming weeks. In the US, Broadcom Inc. (AVGO), Meta Platforms Inc. (META), Applied Materials Inc. (AMAT), GlobalFoundries Inc. (GFS), and Synopsys Inc. (SNPS) support the $125 million Semiconductor Hub at UCLA Samueli School of Engineering. The hub will focus on AI chip research, chip design, manufacturing, equipment, software, and workforce training. It will begin with a five-year commitment. Faculty members and student researchers will work with the companies on ways to bring chip ideas to market faster. Ah-Hyung “Alissa” Park, dean of engineering at UCLA Samueli, said the future of the chip industry is still unclear. “Nobody, including industry, know[s] what a semiconductor industry [is] going to look like in 10 years,” Alissa said. “But can we continue to ask [the] most challenging, difficult questions, and high-risk, high-return kind of questions? That’s what we are hoping to do, because this conversation is happening [in a] very sluggish way.” The funding also covers yearlong internships for engineering doctoral students with the same partner companies. The launch comes while AI keeps changing the job market and tech companies cut staff. Meta is set to start another round of layoffs this week, cutting 8,000 jobs, or about 10% of its workforce. The smartest crypto minds already read our newsletter. Want in? Join them .









































