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21 May 2026, 14:04

Bybit lists SPCXUSDT pre-IPO perpetual contract ahead of SpaceX’s IPO

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has listed the SPCXUSDT Perpetual Contract, giving traders leveraged exposure to SpaceX ahead of its anticipated initial public offering ( IPO ) on June 12, 2026. The contract is live on the platform with up to 10x leverage. The listing comes as SpaceX prepares for what could be a landmark moment in stock market history. According to official filings, the company is targeting a valuation of $1.75 trillion to $2 trillion and plans to raise approximately $75 billion, putting it ahead of Saudi Aramco’s (TADAWUL: 2222) $29.4 billion IPO in 2019 as the largest in history. SpaceX’s rapid growth SpaceX has fundamentally transformed the aerospace industry, reducing launch costs by orders of magnitude through reusable rocket technology. Its satellite internet service Starlink has grown to over 8 million active subscribers worldwide, generating approximately $7.7 billion in revenue in 2024. The company has also recently acquired xAI, Elon Musk’s AI venture, creating a vertically integrated enterprise spanning space exploration, satellite technology, and AI. The underlying asset of Bybit’s SPCXUSDT perpetual contract is SPCX settled in USDT , with a total estimated share count of 11.87 billion shares. The contract offers 24/7 access, up to 10x leverage, and no expiration date, providing unlimited holding periods without rollover. Bybit’s perpetual contract structure gives traders several operational advantages over traditional equity markets, including around-the-clock access unrestricted by market hours, capital-efficient leverage, and professional-grade charting and risk management tools. Custody and insurance protections are also included. Featured image via Shutterstock. The post Bybit lists SPCXUSDT pre-IPO perpetual contract ahead of SpaceX’s IPO appeared first on Finbold .

21 May 2026, 13:53

Crypto platform Blockchain moves ahead with confidential IPO filing

Blockchain.com has confidentially filed for an initial public offering in the United States, the cryptocurrency exchange said on Thursday, marking another potential public market debut from the digital asset sector. Confidential filings with the US securities regulator allow companies to prepare for initial public offerings away from public market scrutiny. The process enables firms to move forward with listing preparations before publicly disclosing detailed financial information and offering plans. The company said the number of shares to be offered and the proposed price range for the IPO have not yet been determined. IPO details yet to be disclosed The cryptocurrency platform did not provide additional details regarding the timeline of the proposed offering or the expected valuation linked to the listing. The confidential filing comes as digital asset firms continue to explore opportunities in the public markets. However, Blockchain.com stated that the size of the offering and pricing structure remain under discussion. The company repeated that the number of shares to be offered and the price range for the proposed offering have not yet been finalised. One of the crypto industry's oldest infrastructure providers Founded in 2011, Blockchain.com is considered one of the oldest infrastructure providers in the cryptocurrency industry. The platform provides several services across the digital asset ecosystem, including cryptocurrency wallets, a trading exchange, institutional trading solutions, and blockchain data tools. Among its core products is the Blockchain Explorer, a search tool widely used to verify transaction data across public blockchain networks. The company also operates digital wallet services that include both custodial and non-custodial offerings. Users can access a DeFi Wallet, where they control their own private keys, alongside custodial trading accounts managed by the platform. Trading and institutional services remain central In addition to wallet services, Blockchain.com operates a cryptocurrency exchange that allows users to buy, sell, and swap dozens of digital assets. The company also provides institutional services aimed at corporate and high-net-worth clients. These services include over-the-counter trading, credit products, and digital asset management solutions. The Blockchain Explorer remains one of the company’s most recognised tools. It allows users to track and view transactions across networks, including Bitcoin, Ethereum, and Bitcoin Cash. The platform processed over $1.2 trillion in transactions According to the company, the platform has historically hosted tens of millions of cryptocurrency wallets and facilitated more than $1.2 trillion in transactions. Blockchain.com said users can access a broad range of services through its trading and wallet infrastructure, while institutional clients continue to use its OTC and digital asset management operations. The company has not yet disclosed when it expects the IPO filing to become public or when shares could begin trading in the United States. The post Crypto platform Blockchain moves ahead with confidential IPO filing appeared first on Invezz

21 May 2026, 13:28

Ethereum Price Analysis: ETH Is Not Simply Pulling Back, It’s Breaking Down

Ethereum is trading at $2.1k, and the chart tells a story that three months of cautious optimism can no longer paper over. The ascending channel that has provided the structural backbone for every bullish argument since the February bottom is getting broken to the downside. Moreover, the US institutional bid that supported the recovery through March and April has quietly retreated to its most negative reading since the capitulation lows. Therefore, ETH is seemingly not pulling back. It is breaking down. Ethereum Price Analysis: The Daily Chart The ascending daily channel from the February low is failing. The asset is breaking below its lower boundary for the first time since the recovery began, and the 100-day moving average, which sat at approximately $2.2k and is still nearby, has been lost on a daily closing basis. The RSI has also declined below 40. This is its weakest daily reading since February’s capitulation, with no sign of a momentum floor forming yet. The $1.8k demand zone is now the primary downside reference, having held as the absolute floor during February’s sell-off. Above, the lost 100-day moving average at the $2.2k zone now acts as immediate resistance. Reclaiming the $2.2k area on a sustained daily close is the minimum requirement to suggest this breakdown is a fakeout rather than a real structural shift. ETH/USDT 4-Hour Chart On the 4-hour timeframe, the inner symmetrical triangle has resolved fully to the downside, taking the $2.2k support zone with it, which was a level that held on two prior occasions. The price is now sitting directly on the lower zone at $2.05k–$2.1k, which aligns almost precisely with the daily ascending channel’s lower boundary. The 4-hour RSI has bounced modestly from the oversold low reached during the sharpest leg of the recent sell-off, and is recovering to the 40s. This should be viewed as a dead cat bounce until proven otherwise. The current area at $2k-$2.1k is the last meaningful support before $1.8k. A 4-hour close below this area removes the final technical argument for the ascending channel structure and opens a direct path to the $1.8k demand zone below. On the other hand, a sustained hold and recovery back above $2.2k would be the first sign that the breakdown is being absorbed. However, given the momentum behind this move, that recovery needs to happen quickly. Sentiment Analysis The Coinbase Premium Index has fallen to -0.09, which is the deepest negative reading since February’s capitulation low, and a sharp reversal from the slightly positive territory that characterized the March and April recovery. US buyers returned during the recovery (+0.02 to +0.08), stepped back at $2.4k resistance (premium faded to zero in early May), and have now actively retreated as the breakdown accelerated (-0.09). The -0.09 reading is not yet at the -0.20 extreme seen at the February bottom, which means there is further room for US institutional selling to intensify if the price continues lower. What it confirms is that the cohort of buyers who provided the demand floor through the recovery is not stepping in to defend current levels. They are absent or net selling. Without the Coinbase premium returning to sustained positive territory, any bounce from the $2.05k–2.1k support is likely to be sold rather than built upon, and the structural requirement for a genuine recovery is a reclaim of $2.2k with a positive Coinbase premium. Unless this happens, the bullish case has no credibility to stand on. The post Ethereum Price Analysis: ETH Is Not Simply Pulling Back, It’s Breaking Down appeared first on CryptoPotato .

21 May 2026, 13:15

Curve Finance to Temporarily Halt UI for Database Upgrade on May 25

BitcoinWorld Curve Finance to Temporarily Halt UI for Database Upgrade on May 25 Curve Finance, a leading decentralized exchange (DEX) for stablecoin trading, has announced a scheduled database upgrade and maintenance window for May 25. The platform confirmed the work is expected to last between 20 minutes and one hour, during which the Curve user interface will be temporarily inaccessible. Planned Maintenance Details The upgrade, disclosed via Curve’s official communication channels, is part of ongoing efforts to improve backend infrastructure. While the user interface will be offline, the underlying smart contracts on the blockchain will continue to operate as normal. Users can still interact with Curve’s pools directly through third-party interfaces or by using the protocol’s smart contract functions during the maintenance window. What This Means for Users For most retail users, the temporary outage means they will be unable to execute trades, add liquidity, or withdraw funds via Curve’s official website for the duration of the upgrade. The platform has advised users to complete any time-sensitive transactions before the maintenance begins. Curve has not indicated whether the upgrade will introduce new features or solely focus on performance and stability improvements. Broader Context for DeFi Protocols Scheduled maintenance is a standard practice for DeFi protocols, though it highlights a tension between the ethos of decentralized, always-available systems and the practical need for backend improvements. Unlike centralized exchanges, which can pause all activity, DeFi protocols often rely on users to understand that the underlying blockchain remains operational even when the front-end is down. This upgrade is a routine but necessary step for Curve to maintain its competitive position as one of the most liquid DEXs in the ecosystem. Conclusion Curve Finance’s database upgrade on May 25 is a routine maintenance event that will temporarily restrict access to the platform’s user interface. Users should plan accordingly and ensure any critical transactions are completed beforehand. The brief downtime is unlikely to have a significant market impact on the CRV token or the broader DeFi sector, but it serves as a reminder of the operational realities behind decentralized protocols. FAQs Q1: Will my funds be at risk during the Curve Finance maintenance? No. Your funds remain secure in the smart contracts. The upgrade only affects the user interface; the blockchain continues to process transactions normally. Q2: Can I still use Curve Finance during the maintenance window? You cannot use the official Curve user interface, but you can interact with Curve’s smart contracts directly through blockchain explorers or compatible third-party interfaces. Q3: Why is Curve Finance performing this upgrade? While Curve has not detailed the specific changes, database upgrades typically improve performance, security, or scalability. The upgrade is part of standard platform maintenance. This post Curve Finance to Temporarily Halt UI for Database Upgrade on May 25 first appeared on BitcoinWorld .

21 May 2026, 13:10

WLFI posts record $1.8B profit day as Binance launches new pair

🚨 WLFI saw $1.8 billion profit realized in one day. Record-breaking token movement followed Binance’s USD1/BTC launch. Continue Reading: WLFI posts record $1.8B profit day as Binance launches new pair The post WLFI posts record $1.8B profit day as Binance launches new pair appeared first on COINTURK NEWS .

21 May 2026, 13:00

The Last Time Bitcoin Printed This Ugly Candle, It Tanked; Now It Has Returned

The Bitcoin weekly chart has printed a red candlestick in a way that has quietly preceded some corrections. This candlestick appears in the numbers: in the open, the push, the rejection, and the close. That is exactly what happened last week. The candle that formed has now drawn the attention of an analyst who has catalogued its full history on Binance going back to 2017, and what he found is the possibility of another Bitcoin crash. Bitcoin’s Weekly Candle Flashes A Rare Bearish Setup As noted by a crypto analyst that goes by the name Sherlock on X, the latest Bitcoin weekly candle is one of the ugliest candlesticks that the asset can print. The analyst’s concern was not simply that Bitcoin closed the week in red. It was the way the candle formed and where it closed compared to the previous week. Related Reading: Pundit Predicts What Will Happen To XRP When Exchanges Run Out Of Supply Bitcoin’s weekly candle met three bearish conditions at the same time. It came in red immediately after a green weekly candle, its body engulfed the previous green candle, and it closed below the low of the previous week. This means buyers briefly tried to extend the rebound in the previous week but were overpowered before the weekly close. The week opened at $82,210. Buyers attempted a push higher, failed, and by the close Bitcoin was trading at $77,457, creating a red candle following a green week. That type of candle is important because it does not only show selling pressure. A green week had first given traders room to believe that Bitcoin was holding steady above $80,000, but the following candle erased that progress and closed beneath the prior low. This turned the previous week’s rally into a bull trap. What Does This Mean For Bitcoin? Interestingly, this exact setup has appeared 33 times on Binance since 2017, and the historical record is heavily tilted to the downside. Over the 12 weeks following each signal, Bitcoin traded at least 3% lower in 31 out of 33 cases, at least 5% lower in 28 cases, at least 8% lower in 25 cases, and at least 10% lower in 23 cases. Related Reading: XRP Analyst Reveals The Real Catalysts; ‘The Price Discovery Will Be Biblical’ The deeper part of the analysis is the average and median drawdown. The average drawdown after this weekly structure was 20.9%, while the median drawdown was 15.8%. Since Bitcoin closed last week at $77,457, a median version of the move would place the price on a further crash to $65,000, while an average version would drag the price close to $61,000. At the time of writing, Bitcoin is trading at $77,800 and bulls are trying to hold above $77,000. The current weekly candlestick is now green, but there is still enough time for things to change before the week’s close. The current weekly candle is playing out at a time when Bitcoin is under pressure from ETF outflows, and it is currently on a four-day outflow stretch, according to data from SoSoValue. Featured image created with Dall.E, chart from Tradingview.com