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28 May 2026, 11:59
XRP tumbles below $1.30 as cardano whales hit record
🚨 XRP plunged below $1.30 after failing key support. Cash App lets users send USDC instantly, with no fees or wallets. 🐳 Key point: Whales now hold 67.49% of all ADA in $ADA. Continue Reading: XRP tumbles below $1.30 as cardano whales hit record The post XRP tumbles below $1.30 as cardano whales hit record appeared first on COINTURK NEWS .
28 May 2026, 11:59
BIS Says Tokenized Money Could Reshape Global Payments — What It Means for the XRP Ledger
BIS Project Agorá Signals a New Era of Tokenized Money The Bank for International Settlements is increasingly pointing to a structural shift in how global money could move. Through its Project Agorá initiative , it explores a future where tokenized money, digital representations of central bank reserves and commercial bank deposits, could redefine wholesale cross-border payments. Project Agorá is a public–private experiment involving eight central banks (including issuers of five major reserve currencies) and more than 40 financial institutions, coordinated by the Institute of International Finance. Well, its aim is simple but ambitious: test whether a shared programmable platform can fix the long-standing inefficiencies of correspondent banking. Today’s cross-border payment system remains slow, fragmented, and heavily reliant on chains of intermediaries. Each step adds time, cost, and operational friction. As a result, Settlements can take days, liquidity is often trapped across jurisdictions, and end-to-end visibility is limited. BIS highlights these frictions as structural drag on global trade and financial efficiency. Why the XRP Ledger Keeps Emerging in the Tokenized Money Conversation Shaped by BIS’s Project Agorá Project Agorá proposes a different architecture pertaining to tokenized money moving on a shared infrastructure where value transfers directly between institutions. Instead of sequential messaging, transactions could settle atomically, payment and delivery occurring simultaneously, with far lower counterparty risk. It’s a clear departure from the delayed, multi-layered systems in use today. BIS’s findings center on three core advantages.First, speed: settlement times could shrink from 24–72 hours to seconds or minutes. Second, availability: systems would operate 24/7, removing dependence on banking hours and time zones. Third, programmable liquidity: funds could carry embedded logic for conditional transfers, automated treasury operations, and real-time capital optimization. In effect, BIS is looking at the other side of the coin where money behaves less like static value and more like programmable data, always on, instantly transferable, and rule-driven. This is where the XRP Ledger often enters the discussion. Why the XRP Ledger Could Be a Natural Fit for the Future of Tokenized Global Payments The XRPL was designed for rapid, low-cost settlement and efficient liquidity movement. Transactions finalize in seconds, closely matching BIS’s push for near-instant settlement and reducing the reconciliation delays that plague cross-border transfers. Its cost structure also aligns with wholesale payment needs, where even marginal fee reductions matter at scale. XRPL’s low transaction costs make it well-suited for high-volume settlement environments envisioned in tokenized finance. Liquidity is another point of convergence. The ledger’s built-in decentralized exchange and routing features enable efficient asset conversion across currencies, echoing BIS’s vision of programmable liquidity that dynamically optimizes capital flows. XRPL is also continuously operational. Its always-on design aligns with BIS’s 24/7 settlement model, eliminating reliance on cut-off times or regional banking hours. In addition, it is natively built for issuing and transferring tokenized assets, including fiat-backed instruments, consistent with broader movement toward tokenized deposits and digital representations of central bank money interacting across shared systems. Importantly, BIS is not endorsing any specific blockchain. Rather, it is defining the requirements of a next-generation financial system. Still, the alignment between Project Agorá’s design principles and XRPL’s architecture explains why it frequently appears in conversations around institutional payment modernization. If tokenized money becomes the foundation of global finance, the systems that combine speed, liquidity efficiency, and continuous settlement are likely to shape how that transition unfolds.
28 May 2026, 11:52
Dogecoin Slips Below 10 Cents With More Downside Ahead
Dogecoin broke its critical psychological floor, bleeding under 10 cents following the market bloodbath. The selloff tracks a rotation out of speculative memecoins, although it is yet to be back into Bitcoin and higher-liquidity majors. Dogecoin drops below 10 cents, just like it did last Saturday. Tasty $DOGE dips at $0.099 … pic.twitter.com/S2CKurFDrt — KrissPax (@krisspax) May 27, 2026 Dogecoin itself is experiencing a 7-day decline of 7%, with repeated failures above $0.11 as evidence of a deteriorating short-term structure. It is currently in a descending channel in a bearish consolidation zone. The broader risk-asset environment is the wildcard. Without a coin-specific catalyst, DOGE continues to trade as a high-beta sentiment proxy as macro crypto moves will drive it more than any Dogecoin-native development. Discover: The Best Crypto to Diversify Your Portfolio Can Dogecoin Price Recover Above $0.11? At under $0.10, DOGE is essentially sitting below the line. The $0.10 level is not just round-number psychology; it has functioned as a demand zone across multiple retests. A decisive daily close below it would be a structurally significant break. Resistance is clearly defined. Swing highs at $0.11–0.12 represent the immediate ceiling, with stronger supply concentrated near $0.135–0.14, where sellers previously absorbed momentum. On the 4-hour and daily charts, the pattern of lower highs is consistent with an early-stage downtrend. Dogecoin (DOGE) 24h 7d 30d 1y All time Three scenarios worth tracking: Bull case: DOGE reclaims $0.11 on elevated volume, potentially triggered by a high-profile endorsement like SpaceX or a sharp Bitcoin breakout, opening a path toward the mid-$0.12s. Base case: Price grinds sideways between $0.095–0.105 for another week as traders wait for a directional catalyst that doesn’t arrive. Bear case: A confirmed daily close below $0.10 invites momentum sellers, with downside targets clustered at $0.085–0.09 where prior demand zones sit. Volume is thin on the recovery attempts. Bounces without volume conviction are noise. Discover: The Best Token Presales Maxi Doge Targets Early-Mover Upside as DOGE Falls DOGE at $0.10 is a story about defending. For those who got in at lower levels, that’s manageable. For anyone looking at DOGE’s current market cap and calculating what a 10x would require, the math gets uncomfortable fast. It’s the gap Maxi Doge ($MAXI) is explicitly designed to exploit. $MAXI is an ERC-20 meme token built around what it calls the “Leverage King” culture, a 240-lb canine juggernaut embodying 1000x trading mentality, complete with holder-only trading competitions, leaderboard rewards, and a Maxi Fund treasury allocated to liquidity and partnerships. CAN YOU FEEL IT? pic.twitter.com/cGigwwlcyZ — MaxiDoge (@MaxiDoge_) May 26, 2026 The tagline “Never skip leg day, never skip a pump” is absurd in the best possible way, just like the early days of doge. The project has raised $4.7 million at a current presale price of $0.000282 , with a 66% staking APY available for early participants. At this stage, $MAXI sits where DOGE itself once did: pre-liquidity, pre-exchange listings, maximum asymmetry. Research Maxi Doge here. The post Dogecoin Slips Below 10 Cents With More Downside Ahead appeared first on Cryptonews .
28 May 2026, 11:50
Samsung Just Bet $408 Million On South Korea’s Top Crypto Exchange — And It’s Not Alone
Three Samsung affiliates — Samsung Securities, Samsung SDS, and Samsung Card — announced on May 28 the combined acquisition of a 4% stake in Dunamu, the operator of South Korea’s dominant crypto exchange Upbit, for approximately 612.8 billion won or $408 million — the latest in a growing wave of South Korean financial institutions racing to secure strategic positions inside the country’s most valuable digital asset company. Related Reading: Worldcoin’s FOMO Rally Cracks After On-Chain Activity Explodes The shares will be purchased from a group of Kakao-affiliated funds including Kakao Investment and Kakao Ventures, at a per-share price of approximately 439,250 won — a valuation implying Dunamu’s total corporate worth at approximately 15.3 trillion won, or roughly $11.1 billion, per Wu Blockchain and Korea Times. Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each take 1%, with the transaction scheduled to close June 19, per Korea Times. Three Affiliates, Three Strategic Rationales Each Samsung entity entered the deal with a distinct operational agenda, per Korea Times. Samsung Securities cited plans to strengthen cooperation on token securities issuance, distribution, and virtual asset services. Samsung SDS — the group’s IT and cloud arm — said it will combine its artificial intelligence, cybersecurity, and data management capabilities with Dunamu’s blockchain operational infrastructure. Samsung Card, the group’s payments unit, aims to build a digital asset payment ecosystem with Dunamu including potential integration with Monimo, Samsung Financial Networks’ unified financial platform, contingent on the introduction of won-based stablecoins in Korea. The three objectives — securities tokenization, blockchain infrastructure, and stablecoin-enabled payments — map directly onto the pillars of South Korea’s Digital Asset Basic Act, which is expected to be finalized in 2026, per Korea Times. A Crypto Race That Was Already Underway Samsung’s $408 million commitment arrives as South Korea’s institutional financial sector converges on Dunamu simultaneously. Hana Bank agreed earlier this month to purchase a 6.55% stake for approximately 1 trillion won ($670 million), per Korea Times. Hanwha Investment and Securities separately increased its Dunamu holdings to 9.84% — committing an additional 597.8 billion won — making it one of Dunamu’s largest non-founding shareholders, per Wu Blockchain. Dunamu itself recorded a net profit of 708.8 billion won on revenues of 1.56 trillion won in fiscal 2025 and handles more than 80% of South Korean virtual asset trading volume, per Korea Times. Related Reading: XRP Flashes TD Sequential Buy Signal, Analyst Eyes Rebound A Samsung official told Korea Times that the investment was intended to strengthen each affiliate’s competitiveness in digital asset-related businesses, adding that closer cooperation with Dunamu could help the companies secure leadership positions in Korea’s emerging digital asset market. BTC's price records important losses on low timeframes, as seen on the daily chart. Source: BTCUSD on Tradingview This development marks a critical juncture for the nascent sector’s integration with Korean corporate conglomerates. A Samsung investment in a crypto exchange — even at 4% — carries symbolic weight that extends well beyond the balance sheet, signaling that South Korea’s most powerful industrial dynasty now views digital asset infrastructure as core to its financial services strategy for the decade ahead. Cover image from Grok, BTCUSD chart from Tradingview
28 May 2026, 11:45
Trader Nets $311K on Bitcoin Short, Then Flips to 40x Long
BitcoinWorld Trader Nets $311K on Bitcoin Short, Then Flips to 40x Long An anonymous cryptocurrency trader has executed a rapid strategic pivot, closing a substantial Bitcoin short position for a six-figure profit before immediately opening a highly leveraged long bet. The move, tracked by blockchain analytics firm Lookonchain, highlights the aggressive, high-stakes trading environment currently characterizing the Bitcoin market. The Trade: From Short to Long in Hours According to Lookonchain, the wallet address (0x0df2) opened a short position of 145.42 BTC—valued at approximately $10.66 million—yesterday. The trader closed that position roughly an hour ago, realizing a profit of $311,600. This represents a modest but clear gain of roughly 2.9% on the position size before fees and funding rates. Immediately after closing the short, the same wallet opened a new long position on Bitcoin using 40x leverage. This aggressive shift suggests the trader believes the recent price dip that generated their short profit has run its course, and they are now betting on a near-term price recovery. Market Context and Implications This trade sequence occurs against a backdrop of elevated volatility in Bitcoin. The move from a short to a leveraged long within a single session reflects a conviction that the market’s short-term direction has changed. While the trader’s specific rationale is not public, such behavior is often observed when a key support level holds or when a trader anticipates a short squeeze—a rapid price increase that forces other short sellers to cover their positions, further driving up the price. Using 40x leverage is an extremely high-risk strategy. A 2.5% move against the position would result in a total loss of capital. This underscores that the trader is operating with a very short time horizon and a high tolerance for risk. Why This Matters to Crypto Markets While a single trader’s actions are not necessarily indicative of a broader market trend, large positions opened by whales (high-net-worth individuals or entities) can influence market psychology. Other traders and automated systems monitor such on-chain activity for signals. A sudden, large leveraged long can sometimes act as a catalyst, especially in thinner order books. For retail observers, this event serves as a stark reminder of the risks associated with high-leverage trading, where outsized gains are matched by the potential for complete capital loss. Conclusion The anonymous trader’s quick transition from a profitable short to a highly leveraged long illustrates the dynamic and speculative nature of current Bitcoin trading. While the outcome of the new long position remains to be seen, the move has already provided a clear, data-driven example of aggressive capital deployment in the crypto derivatives market. FAQs Q1: How much profit did the trader make on the short? The trader closed the 145.42 BTC short position for a realized profit of $311,600. Q2: What does 40x leverage mean? 40x leverage means the trader is controlling a position 40 times the size of their collateral. A 2.5% adverse price move would liquidate the entire position, resulting in a total loss of the initial margin. Q3: Is this kind of trading common? Yes, large, short-term leveraged trades are common among experienced crypto traders and whales. However, they carry extremely high risk and are not suitable for most retail investors. This post Trader Nets $311K on Bitcoin Short, Then Flips to 40x Long first appeared on BitcoinWorld .
28 May 2026, 11:41
BlackRock’s Bitcoin ETF records largest net outflow since January
BlackRock , the world’s largest asset manager, has recorded the second-largest single-day outflow in the history of its Bitcoin ( BTC ) fund launched in 2024. Specifically, the iShares Bitcoin Trust ETF ( IBIT ) posted $527.8 million in redemtpions on May 27, judging by the SoSoValue data available at press time. The figure was only surpassed by the $528.3 million pulled on January 30, with ‘only’ $500,000 needed to break the record. U.S. spot Bitcoin ETFs collectively recorded $733.4 million in net outflows the same day. Alongside BlackRock, Grayscale’s GBTC fund saw the biggest losses, shedding $104.8 million, followed by Fidelity’s FBTC, which shed $60.30 million. Morgan Stanley’s MSBT fund was the only one with a positive net change, adding $4.3 million. Overall, the figure represented the biggest collective daily outflow for institutional holders since January 29, 2026. BlackRock daily Bitcoin flows. Source: SoSoValue Bitcoin price drops as BlackRock posts record outflows The flagship cryptocurrency reacted negatively to the institutional outflows, dropping nearly 3.4% and trading at $73,310 at the time of writing. The decline is all the more notable considering that President Donald Trump has promised to codify the Clarity Act . 24-hour BTC price. Source: Finbold Spot ETF redemptions coincided with a sharp derivatives market unwind, as more than $296 million in Bitcoin long positions had been liquidated within 24 hours – a 185% surge in forced closures. One day earlier, on May 27, BTC had already dropped nearly 2%, its market cap slipping by nearly $30 billion, fueled by another notable sale from an IBIT investor via a dark pool. Spot Bitcoin ETFs are now on their eighth straight day of net losses. Their overall net balance sits around $96.45 billion, with BlackRock alone commanding about $59.48 billion, or 3.94% of the total BTC supply. Featured image via Shutterstock The post BlackRock’s Bitcoin ETF records largest net outflow since January appeared first on Finbold .
