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21 May 2026, 16:54
XRP Price Prediction: Elliott Wave Setup Eyes Explosive Run to $1.47 as Whales Scoop Up 71 Million Coins
Will XRP's Much-Needed Breakout See the Light of Day? XRP is approaching a decisive technical inflection point as price compression, whale accumulation, and rising derivatives activity begin to align. According to analyst Dark Defender, the 2-week chart remains within a broader Elliott Wave structure, suggesting the underlying bullish framework is still intact despite the present price stagnation. He notes that XRP is now trading within a narrowing support–resistance apex, a setup that typically precedes a sharper directional move once compression hits the exit door. His outlook points to a potential expansion phase developing toward the end of May as volatility builds. From a price structure perspective, XRP’s immediate support sits between $1.31 and $1.36, a zone that has repeatedly absorbed selling pressure in recent pullbacks. On the upside, resistance is clearly mapped at $1.47, followed by $1.88 and $3.56, each level representing progressively stronger confirmations of trend continuation if reclaimed. Currently, XRP is hovering around $1.36 per CoinCodex data, effectively sitting on its key short-term support band and underscoring a tightly balanced market. XRP Whales Go on a Buying Spree Taking on X, formerly Twitter, renowned crypto analyst Ali Martinez acknowledges that whales have accumulated over 71 million XRP in the past week, signaling steady absorption during a period of muted volatility. Interestingly, this type of accumulation is often associated with strategic positioning rather than short-term speculation, particularly when retail participation appears cautious. Consequently, XRP continues to form a wedge-like structure, with price gradually tightening while exchange outflows suggest coins are being moved into private custody rather than returned to circulation. What should be closely watched? Well, the divergence between price stagnation and wallet behavior should be given a keen eye since it can be a potential early signal of supply tightening. Historically, sustained exchange outflows combined with technical compression have preceded periods of elevated volatility. Adding another dimension, CME Group’s XRP futures market recorded a significant surge in activity, with notional volume reaching $62.87 billion over the past year. Therefore, these metrics reflect deeper institutional participation and expanding liquidity in regulated derivatives, signaling rising engagement from larger market participants, even if it does not directly translate to spot demand. Overall, XRP is positioned at the intersection of tightening technical structure, sustained whale accumulation, and accelerating institutional derivatives activity. The next major move will likely depend on whether this buildup resolves into a breakout toward higher resistance or extends the current consolidation phase.
21 May 2026, 16:43
Hyperliquid (HYPE) Breaks New All-Time High—Surges Past $62 As Momentum Spikes
Hyperliquid (HYPE) has notched a fresh all-time high as activity across parts of the broader crypto market appears to be consolidating rather than accelerating. While many competitors have stayed relatively range-bound, HYPE has pushed higher and is now inching toward Dogecoin (DOGE), the tenth-largest cryptocurrency by market cap. At the moment, DOGE still holds a sizable lead—about a $2 billion gap—though Hyperliquid’s latest move has put it back in the spotlight. HYPE Hits A New Peak At the time of writing, HYPE was trading around $61.94. During the day, it briefly surged to $62.80, setting a new record peak for the platform’s native token. The price action has been accompanied by strong performance across several time horizons. On a weekly basis, the token is up roughly 48%. Over the past thirty days, the gains expanded to about 54%. Year-to-date, HYPE has recorded triple-digit growth, with a 134% increase so far. Related Reading: Bitcoin Could Hit Near $95,000 If It Holds Above This Critical Support, Top Analyst Says Part of the narrative around HYPE lately has been the alignment of bullish catalysts highlighted over the past few weeks by NewsBTC. The latest surge comes as investors appear to be responding to a growing set of market drivers aimed at Hyperliquid’s ecosystem—especially within the Hyperliquid ETF space. Institutional interest beyond this nascent sector is also being framed as a key element of the current momentum. LookOnChain flagged large purchases tied to Grayscale, reporting that the firm was loading up on HYPE. In one hour alone, Grayscale was said to be buying 115,733 HYPE, worth roughly $6.65 million. Looking across a longer window, the same tracking indicated Grayscale has accumulated 682,190 HYPE over the past week, totaling about $34.9 million. Is Hyperliquid Undervalued? Meanwhile, developments on the infrastructure side may also be adding to the bullish case. Coinbase has been named as Hyperliquid’s official USDC liquidity provider, strengthening the stablecoin plumbing around the platform. In addition, Coinbase is reportedly set to acquire USDH brand assets, a move that could further reshape how Hyperliquid’s token and stablecoin components fit together. Related Reading: Solana ETF Falls Behind As XRP Collects More Cash—Here’s The Catalyst Driving The Split Even with all of this, Bitwise’s CIO Matt Hougan suggested earlier this week that the market may not yet be fully pricing Hyperliquid’s broader value proposition. Hougan said Hyperliquid appears to be caught in what he described as a “pricing error”—with investors treating it as little more than a perpetual futures exchange. His view is that the market still hasn’t recognized the platform’s longer-term trajectory, despite the growing wave of activity and institutional demand. Featured image created with OpenArt, chart from TradingView.com
21 May 2026, 16:35
Kraken secures VARA license in Dubai for full AED trading
🚀 Kraken received the VARA license and will soon enable AED trading. Clients can directly fund accounts in $BTC or altcoins using UAE dirham. 📝 Critical data: Kraken's Dubai platform supports spot, margin, OTC, and staking services. Continue Reading: Kraken secures VARA license in Dubai for full AED trading The post Kraken secures VARA license in Dubai for full AED trading appeared first on COINTURK NEWS .
21 May 2026, 16:15
BitForex Founder Garrett Jin Deposits $30M USDC into Hyperliquid, Opens Leveraged Bitcoin Long
BitcoinWorld BitForex Founder Garrett Jin Deposits $30M USDC into Hyperliquid, Opens Leveraged Bitcoin Long Garrett Jin, the founder of the now-controversial cryptocurrency exchange BitForex, has moved 30 million USDC into the Hyperliquid (HYPE) platform, according to on-chain data shared by Lookonchain. The address associated with Jin currently holds a 5x leveraged long position on Bitcoin valued at approximately $39 million, which is currently showing an unrealized loss of around $82,000. Background on Garrett Jin and BitForex Garrett Jin is a well-known figure in the early Bitcoin community, often referred to as a Bitcoin OG. He founded BitForex, a cryptocurrency exchange that grew to prominence before facing serious regulatory scrutiny. In 2023, Hong Kong authorities accused BitForex of fraud, leading to a freeze on user funds and a significant loss of trust among its user base. The exchange has since been under investigation, with many users still unable to access their assets. Previous Insider Trading Allegations This is not the first time Jin’s trading activity has drawn attention. In October 2024, he faced allegations of insider trading after entering a large short position on Bitcoin just hours before a significant price drop. The timing of the trade raised questions about whether Jin had access to non-public information, though no formal charges were filed at the time. The current long position on Bitcoin, opened after the USDC deposit, adds another layer of scrutiny to his trading patterns. Implications for Hyperliquid and Market Observers The deposit and subsequent leveraged position on Hyperliquid highlight the platform’s growing role in high-stakes crypto trading. Hyperliquid, a decentralized perpetual exchange, has attracted significant volume from large traders. However, the involvement of a figure with Jin’s controversial history may raise questions about the platform’s user base and risk management. For market observers, the move signals that large capital is still flowing into leveraged Bitcoin positions despite ongoing volatility and regulatory uncertainty. Conclusion Garrett Jin’s $30 million USDC deposit into Hyperliquid and his subsequent leveraged Bitcoin long position represent a notable, if controversial, move in the crypto markets. While the unrealized loss is currently small relative to the position size, the broader context of Jin’s past legal and ethical issues makes this a development worth monitoring. The story underscores the ongoing interplay between high-profile individuals, decentralized trading platforms, and the regulatory shadows that continue to follow the industry. FAQs Q1: Who is Garrett Jin? Garrett Jin is the founder of BitForex, a cryptocurrency exchange that was accused of fraud by Hong Kong authorities. He is also a long-time Bitcoin investor and has faced previous allegations of insider trading. Q2: What is Hyperliquid? Hyperliquid (HYPE) is a decentralized perpetual exchange that allows users to trade cryptocurrencies with leverage. It has gained popularity for its high-speed order matching and deep liquidity. Q3: Why is this deposit significant? The deposit is significant because it involves a large sum of USDC from a controversial figure in the crypto space. It also highlights the ongoing use of leveraged trading by major players, despite market risks and regulatory concerns. This post BitForex Founder Garrett Jin Deposits $30M USDC into Hyperliquid, Opens Leveraged Bitcoin Long first appeared on BitcoinWorld .
21 May 2026, 16:02
Largest RLUSD Mint Ever Just Happened on XRP
200 million RLUSD tokens were recently minted at the RLUSD Treasury. XRP community validator and commentator Vet (@Vet_X0) flagged the event. This is the largest single RLUSD mint ever recorded on the XRP Ledger, and the transaction is publicly verifiable on XRPScan. RLUSD is Ripple’s USD-backed stablecoin. It operates on the XRP Ledger and represents real dollar liquidity entering the ecosystem. Every mint is institutional by design. Vet confirmed this to a community member, stating that “all RLUSD mints are institutions, because you need to be a Ripple Customer.” XRP and its ecosystem were built for institutional use , and this mint shows high institutional activity. The XRP Ledger continues to build its position as an institutional-grade settlement network, and the $200 million mint signals that a significant institutional player is moving capital through Ripple’s system. The largest $RLUSD mint ever just happened on XRP. https://t.co/iueAZVQBFQ — Vet (@Vet_X0) May 20, 2026 What This Mint Represents The scale of this mint tells a clear story. Vet noted that the first RLUSD mint was for less than $50. The ecosystem now sits at $200 million in a single transaction. That is liquidity ramping onto the XRP Ledger at an institutional scale . Vet also affirmed his belief that the community could one day see a $1 billion RLUSD mint on the ledger. RLUSD mints convert real USD into on-chain stablecoin liquidity. That liquidity can then be deployed across the XRP Ledger’s decentralized exchange, used in payments, or held as a stable store of value on-chain. A $200 million injection does not sit idle. It participates in the network, using up XRP in fees and as a bridge . We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Importance of this Institutional Adoption The XRP Ledger is built for payments and asset settlement. RLUSD adoption strengthens that use case. Stablecoin liquidity on the ledger creates deeper markets. It supports faster, cheaper settlement for institutions using Ripple’s payment infrastructure. Rising RLUSD adoption drives direct utility for XRP . XRP serves as a bridge asset in Ripple’s payment corridors. More stablecoin activity on the ledger increases transaction volume. Higher volume means more demand for XRP to facilitate those transactions. The growth trajectory is also significant. Going from a $50 mint to a $200 million mint shows rapid institutional adoption of the ledger as a settlement layer. Each new mint adds to the liquidity base, and a deeper liquidity base attracts more institutional participants. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Largest RLUSD Mint Ever Just Happened on XRP appeared first on Times Tabloid .
21 May 2026, 16:00
Kraken launches AVAX staking and Auto Earn, a simple way to put your idle AVAX to work
We are bringing AVAX staking and earning to our global client base (see exceptions below), making it simple for millions of customers to earn rewards on their Avalanche holdings through a platform built on security, scale, and reliability. Clients can start earning in a few clicks, with no technical setup or maintenance required. The services are broken into three flavors. Bonded Staking offers rewards up to 10% APY for a limited time, then up to 7% APY. Auto Earn and Flexible Staking each offer up to 3.5% APY. Rewards are automatically restaked to help grow holdings over time. Kraken manages all underlying infrastructure, including validator operations and reward distribution, backed by the platform’s track record of operating staking services across proof-of-stake networks at scale. John Zettler, Kraken Director of Earn Products : “Staking AVAX has always been possible, but for most holders it’s meant managing validators and technical complexity. We made it simple for clients to participate in protocol staking across various Earn offerings. Kraken runs the infrastructure. Clients choose whether and how they want to earn.” John Nahas, Ava Labs Chief Business Officer: “Making staking simple and accessible is core to expanding participation in the Avalanche ecosystem. Kraken’s integration removes the technical barriers that have historically limited users from engaging directly with the network, enabling more AVAX holders to contribute to Avalanche’s security while earning rewards. It’s a meaningful step toward broader adoption of Avalanche.” AVAX Earn is available globally at launch, including the US (excluding New York and Maine residents), UK, EU, Canada, Australia, and additional markets. Stake AVAX on Kraken Geographic restrictions apply. Projected annual rate is an estimate based on the average staking rewards accrued over the past period, before commission, and is subject to change. Staking involves risks including no guarantee of rewards, potential loss from slashing or hacks, and depreciation in the value of assets while staked. Please refer to Kraken’s Terms of Service for additional information. For Flexible staking, Kraken will only stake a portion of your assets. You will receive rewards on up to 50% of the assets you choose to stake. Staking is unregulated and provided by Payward Commercial Limited . The post Kraken launches AVAX staking and Auto Earn, a simple way to put your idle AVAX to work appeared first on Kraken Blog .
