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21 May 2026, 12:33
Solana eyes $100 breakout after extended downtrend reversal
🚀 Solana surged past its multi-month downtrend, now eyeing $100 resistance. Trading at $86, $SOL faces a crucial barrier at $98–$100 for further gains. 📊 Key point: Daily closes above $100 may trigger a move toward $145 targets. Continue Reading: Solana eyes $100 breakout after extended downtrend reversal The post Solana eyes $100 breakout after extended downtrend reversal appeared first on COINTURK NEWS .
21 May 2026, 12:33
XRP Ledger Witnesses Huge Lifesaver Uptick in Network Activity: Are Whales Back?
XRP saw a substantial uptick in network activity that might become the foundation for a proper recovery.
21 May 2026, 12:30
Hoskinson Warns Cardano Could Lose Its ‘Science Coin’ Edge
Charles Hoskinson has urged Cardano DReps to back a research funding proposal, warning that a failure to do so could damage one of the network’s core value propositions: its identity as a research-led blockchain. Speaking in a May 21 livestream from England, Hoskinson said Cardano is in “treasury season” and facing a tougher funding environment than last year. According to him, the ecosystem is asking for about $52 million in funding this year , down from roughly $98 million last year, after cuts that have already affected engineers and community teams. “Many people have had to make profound sacrifices,” Hoskinson said. “Good people have had to go. Engineers have been let go. Community teams liquidating familiar faces and new faces alike.” But the proposal that drew his strongest concern was research. Hoskinson said he had seen a “disturbing trend” of some DReps voting against funding Cardano’s research group, despite what he described as its foundational role in the network’s development. Hoskinson Defends Cardano’s Research Core Hoskinson framed the debate as larger than a budget dispute. In his view, Cardano’s long-running research program is the “spine and backbone” of the ecosystem and a key reason the project has differentiated itself from other major blockchains. “The spine and backbone of what makes Cardano Cardano has always been and will always be the fact that we’re the science coin,” he said. “We’re the research coin. Over the last 10 years, hundreds of millions of dollars has been spent, and countless hundreds of researchers have been involved in the production of the largest research group in the world for cryptocurrencies.” He pointed to Cardano’s work on proof-of-stake research, extended UTXO, Plutus, sidechains and Bitcoin-related DeFi research as examples of the group’s output. He also argued that the network’s academic ties, spanning institutions such as Stanford, the University of Edinburgh, the University of Wyoming and others, are not easily replaceable. Hoskinson said critics of the proposal have argued that research funding should be broken apart, allowing the ecosystem to “pick and choose” which areas or people to keep. He rejected that framing, saying it would force the ecosystem into decisions it is not equipped to make without damaging the research operation as a whole. “So then I asked the DReps, which scientists would you like me to fire?” he said, before naming several researchers associated with Cardano’s technical development. “And if not people, perhaps institutions. Which institutions would you like to shut down? And because you’re so qualified, which research agendas do you so feel are unnecessary?” Warning Over Talent Flight A major part of Hoskinson’s argument was that Cardano’s researchers could be recruited by better-funded rival ecosystems if the project signals that their work is no longer valued. He said other blockchains with large treasuries would likely be interested in the same cryptographers, programming language experts and distributed systems researchers. “If you treat these people like commodities, they will leave,” Hoskinson said. “They’ll leave to other ecosystems that have a lot more money and are willing to pay a lot more with better stability and certainty.” He warned that the loss would not be easily reversible. Academic and technical talent, he argued, depends on long-term stability, and once researchers move on to other ecosystems, Cardano may not be able to bring them back. “We can’t recover this. It’s a one-way door. If you lose your best and brightest, we won’t get them back. We don’t get to say we’re sorry.” Hoskinson also tied the issue to market perception. He asked what Cardano’s investment case would look like over the next three to five years if the ecosystem signaled it was no longer willing to support research. Without that layer, he suggested, Cardano would have to lean more heavily on metrics such as monthly active users, TVL or transaction volume. The livestream ended as a direct appeal to DReps who have not yet voted and to those who have voted against the proposal. Hoskinson asked them to reconsider, saying research funding is not a discretionary line item but part of Cardano’s long-term competitive position. “You can’t walk without a spine,” he said. “Please vote for science. Please vote for the research proposal for IOG. It’s a necessary foundational proposal, and we can’t afford to lose it.” At press time, ADA traded at $0.2499.
21 May 2026, 12:30
Bitcoin stalls near $78K as ETF outflows and $584M in long liquidations weigh on market
BitcoinWorld Bitcoin stalls near $78K as ETF outflows and $584M in long liquidations weigh on market Bitcoin continues to face selling pressure, hovering below the $78,000 mark as a combination of sustained spot ETF outflows and large-scale long position liquidations weighs on market sentiment. Data from The Block shows that spot BTC ETFs have recorded outflows for four consecutive trading days this week, while the futures market has seen approximately $584 million in long positions wiped out. ETF outflows signal weakening institutional demand The streak of spot Bitcoin ETF outflows marks a notable shift in institutional sentiment. After a period of strong inflows earlier in the year, the recent withdrawals suggest that some institutional investors are reducing exposure amid broader macroeconomic uncertainty and a lack of clear short-term catalysts. Analysts point out that sustained ETF outflows often correlate with price stagnation or declines, as they remove a key source of spot buying pressure from the market. Liquidations add to downside momentum The derivatives market has also contributed to the current weakness. Over $584 million in long positions have been liquidated this week, forcing leveraged traders to unwind their bets. Such cascading liquidations can amplify downward moves, as forced selling pressures prices lower and triggers further stop-losses. The open interest in Bitcoin futures has declined, indicating that speculative appetite has cooled significantly. Key support level under watch Traders are now closely monitoring the $76,000 area as a critical support level. According to on-chain analytics firm Glassnode, the market currently lacks strong spot buying pressure. They suggest that a move back above $80,000 would likely require a significant increase in ETF purchases or a short squeeze event to force bearish traders to cover their positions. A break below $76,000 could open the door to further downside toward the $72,000 range, which represents a previous consolidation zone. What this means for traders and investors The current environment highlights the importance of monitoring both spot and derivatives market data. For long-term holders, the lack of strong buying pressure may signal a period of consolidation or further correction. For active traders, the $76,000 level represents a key decision point. The combination of ETF outflows and liquidations suggests that the market is currently driven more by deleveraging than by new accumulation. Conclusion Bitcoin’s inability to reclaim the $78,000 level amid persistent ETF outflows and large-scale long liquidations reflects a cautious market stance. With spot buying pressure absent and key support at $76,000 under threat, the near-term outlook remains fragile. A catalyst, either from renewed institutional buying or a short squeeze, would be needed to shift momentum back to the upside. FAQs Q1: Why is Bitcoin price stalling near $78,000? Bitcoin is under pressure from four consecutive days of spot ETF outflows and over $584 million in long position liquidations, reducing buying demand and increasing selling pressure. Q2: What is the key support level for Bitcoin right now? Traders are watching the $76,000 area as a critical support level. A break below could lead to further declines toward $72,000. Q3: What could push Bitcoin back above $80,000? According to Glassnode, a move above $80,000 would likely require a significant increase in spot ETF purchases or a short squeeze event that forces bearish traders to cover their positions. This post Bitcoin stalls near $78K as ETF outflows and $584M in long liquidations weigh on market first appeared on BitcoinWorld .
21 May 2026, 12:30
US freezes nearly $500 million in Iranian crypto as Tehran builds Bitcoin-backed shipping insurance
The Trump administration has engaged the Iranian regime across different frontiers, but Tehran’s crypto stash, recently estimated at $7.7 billion, is the latest indicator of the scale of the fight ahead as the US moves to shut off every outlet the Iranian regime has found to stay in the fight despite sanctions. Treasury Secretary Scott Bessent disclosed that the US has already frozen close to $500 million in cryptocurrency tied to Iran’s government, including $344 million seized in April alone, as reported by Cryptopolitan . How much that affects the regime is another question, as recent reports have indicated that Iran has a steady flow of digital assets coming in, having launched a Bitcoin-denominated insurance product for ships passing through the Strait of Hormuz. How much cryptocurrency does Iran have? The $7.7 billion in digital asset holdings making the rounds took off after a Fox Business interview that cited an unnamed threat-detection data firm while discussing the Iranian regime’s total crypto holdings. That number tracks with earlier Chainalysis data in pegging Iranian crypto holdings at $7.8 billion in 2025, with about 50% of that total attributed to Iran’s Islamic Revolutionary Guard Corps (IRGC). As Chainalysis put it, the IRGC dominates “Iran’s economy more broadly,” but there are also regular Iranians, who account for a healthy chunk of the other 50%. According to Blockchain intelligence firm TRM Labs, Iranians traded $11.4 billion of crypto in 2024 and $10 billion in 2025. What is Washington doing about Iran’s crypto reserves? Treasury Secretary Scott Bessent disclosed that his department has sanctioned multiple wallets connected to the Iranian regime, warning that the US would “follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” according to Fox Business. The April freeze targeted two wallet addresses that the Office of Foreign Assets Control attributed to Iran’s central bank, Bank Markazi. As cryptopolitan reported at the time, Tether helped block two wallets after US agencies flagged alleged unlawful activity . TRM Labs reported that between March 2021 and late 2023, the sanctioned wallets received about $370 million across nearly 1,000 transactions. TRM described the behavioral profile as “reserve infrastructure rather than operational wallets,” with less than 7% of inflows ever leaving the wallets, and none of those transfers were sent to identified exchange deposit addresses. The wallet’s balances were dormant since late 2023 until the US froze the assets. Why is Iran accumulating crypto? Tehran has different reasons for turning to crypto. The US has limited control on the parallel financial system that Bitcoin and digital assets operate on, which helps Iran avoid sanctions. There’s also the other issue that US and Israeli operations have decimated many of its traditional alternatives. For example, the collapse of conventional insurance options in the region has led to the introduction of a service called Hormuz Safe. Iran’s Supreme National Security Council announced that a new body, the Persian Gulf Strait Authority, will oversee the insurance service, which offers Bitcoin-settled insurance coverage for cargo ships passing through the strait, according to Cryptopolitan . The Iranian government claims the program could generate more than $10 billion annually. The platform’s website remains listed as “coming soon,” though Iranian state media has reported that policies are already being offered. No country or shipping company has publicly expressed interest in Hormuz Safe. Freezing Iran’s assets may not be enough Industry observers say cryptocurrency’s transparent ledger may ultimately work against Iran. Others like Daniel Tannebaum, a senior fellow at the Atlantic Council, believe that asset freezes, while “meaningful,” are unlikely to shift Tehran’s war posture given how deeply sanctions have already been applied. “The way to get at Iran at this point, because Iran is truly sanctioned out, is to go with the third country actors enabling them,” he told CNN. If you're reading this, you’re already ahead. Stay there with our newsletter .
21 May 2026, 12:30
Elon Musk's SpaceX Approaches Top 7 Bitcoin Holders; Bollinger Bands Signal No XRP Rally Before Summer; Dogecoin Founder Addresses $20 Trillion Target - Morning...
SpaceX's S-1 filing reveals an unexpected $1.45 billion Bitcoin position ahead of its Nasdaq IPO, while XRP faces a volatility freeze and Dogecoin's founder downplays a $20 trillion target.
