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21 May 2026, 11:12

XRP withdrawals on Binance surge to 53 percent in May

🚨 In May, withdrawals of $XRP from Binance surged to 53 percent. Investors are moving more XRP out than depositing. 🔥 Key point: The XRP price is testing major support around $1.35. Continue Reading: XRP withdrawals on Binance surge to 53 percent in May The post XRP withdrawals on Binance surge to 53 percent in May appeared first on COINTURK NEWS .

21 May 2026, 11:10

Ethereum Price Prediction: Bulls Defend Key Support as $10K Target Returns

Ethereum is bouncing from the 0.5 Fibonacci level and the lower line of its rising channel, keeping the $2,561 target in focus. However, the larger setup still depends on ETH holding $1,750, breaking its descending trendline, and reclaiming higher resistance before any $10,000 move gains strength. Ethereum Price Bounces From 0.5 Fib as $2,561 Target Comes Into Focus Ethereum is bouncing from the 0.5 Fibonacci level near $2,088 on the daily chart shared by Sky on X, keeping the short-term recovery setup active. The ETH/USD chart shows price trading near $2,138 after reacting from the lower trendline of an ascending channel. This area also matches the 0.5 Fib level, which makes it an important support zone. ETH/USD Daily Channel Chart․ Source: Sky on X The structure looks like a rising channel, or possible bull flag, after Ethereum’s sharp February drop and later recovery. ETH has now tested the lower boundary of that channel and held it. If buyers continue defending this zone, the next major level is $2,561, which marks the 0.618 Fibonacci level. Sky also highlighted this area as the next important target. However, Ethereum still needs follow-through. A bounce from support is useful, but ETH must move back above the recent range near $2,280-$2,360 to confirm stronger momentum. A daily close below the lower channel and the $2,088 Fib level would weaken the setup. It would show that the bounce failed and could bring lower support back into focus. For now, Ethereum is holding the key support area. The chart keeps the $2,561 target active as long as ETH stays above the 0.5 Fib level and the lower channel line. Ethereum Chart Shows $1,750 as Key Support Before $10K Target Ethereum is holding above a major support zone on the 3-day Binance chart shared by Crypto Patel on X, while the analyst points to a possible move toward $10,000 before 2027. The ETH/USDT chart compares the current setup with Ethereum’s 2023 structure. In both cases, ETH moved through a long corrective phase, tested support, and then formed a recovery path from a lower range. ETH/USDT 3-Day Price Chart. Source: Crypto Patel on X The 2026 chart marks $1,750 as the key level Ethereum must hold to keep the uptrend structure alive. This area sits above a stronger accumulation zone near $1,380-$1,540, which the chart labels as major support if ETH breaks lower. Ethereum is now trading near $2,129, below the descending trendline that has capped the recent recovery. ETH needs to break that trendline first to show stronger upside momentum. The chart also marks a fair value gap near $2,400-$2,700. That zone could become the next upside area if buyers push ETH above the trendline. Higher up, the chart shows the former support zone near $3,300-$3,500 has turned into resistance. ETH would need to reclaim that area before the larger bullish target becomes more realistic. For now, the $10,000 target remains a long-term projection, not a confirmed move. Ethereum must hold $1,750, break the descending trendline, and reclaim higher resistance zones first.

21 May 2026, 10:33

SEC hits brake on new ETF applications pending public input on risks

The U.S. Securities and Exchange Commission (SEC) has delayed the launch of “novel ETFs,” including event-betting products, after Chairman Paul S. Atkins requested public input on potential market effects. In a Wednesday statement, Paul Atkins stated that exchange-traded funds (ETFs) remain a “major driver of innovation in the securities markets.” He added that ETF assets had increased since 2019. According to Atkins, several large fund issuers have freely agreed to delay the introduction or effectiveness of specific ETF products while the SEC evaluates their broader market ramifications. Prediction market ETFs face delays and uncertainty Bloomberg ETF expert Eric Balchunas described the SEC’s move to solicit public feedback on prediction market ETFs as an indication that regulators are cautious about the new products. He pointed out that before granting broader market access, the Commission is considering the broader ramifications of the new ETF category and is requesting additional time and public feedback. SEC Chair is seeking public comments on prediction market ETFs.. the commission is clearly wrestling with these and wants more time and input. I get it. These are a whole new thing (kinda like crypto) and want to feel comfortable bf they open the barn door. pic.twitter.com/RdV0Rn8mSx — Eric Balchunas (@EricBalchunas) May 20, 2026 Prediction markets are currently one of the most popular topics in cryptocurrency. According to industry experts, these markets currently handle over $15 billion in monthly trade activity, covering events such as elections, sports, financial results, and more. The delay of novel ETFs follows a series of events, including the SEC’s pause on the launch of over two dozen exchange-traded funds (ETFs) linked to prediction markets on May 4. The agency is requesting further details from issuers on investor disclosures and product structure. The pause affected proposed funds from Roundhill Investments, GraniteShares, and Bitwise. Bitwise submitted its filing on February 15 for several prediction-market ETFs under the PredictionShares brand to monitor the outcomes of the U.S. election. Roundhill Investments and GraniteShares both registered for prediction-market ETFs in February. The products were nearing the end of a 75-day review window before they would have automatically gone into effect under the SEC’s ETF fast-track regulations implemented last year. Bloomberg ETF analyst Eric Balchunas had anticipated a May 8 debut, while his colleague James Seyffart pointed out that Roundhill’s application had an effective date of May 5. In its February 2026 filings, Roundhill revealed that the risks associated with investing in event contracts are different from those associated with regular futures, options, or equities. The company noted potential valuation uncertainty, settlement conflicts, and ambiguity about the definition of underlying events, including which data sources are used and when outcomes are determined. Investors could lose nearly all of their wealth if the verdict is unfavorable, according to some of the papers. Prediction markets face an expanding state and federal conflict The latest SEC delay comes amid broader regulatory dynamics regarding prediction markets and associated platforms. Kalshi and other prediction-market operators have faced ongoing legal challenges in several U.S. state courts, highlighting the regulatory complexity as the industry seeks greater legitimacy. The SEC’s cautious review of prediction market platforms is influenced by Kalshi’s case and concerns of state-level outcomes. In March, Arizona became the first state to prosecute a prediction market platform. The state claimed that Kalshi Inc. operates an illegal gaming company in Arizona without a license and engages in election wagering. As of May 21, at least 11 states have initiated enforcement action against prediction market platforms, and 30 have signed amicus briefs in support of cracking down on them. “Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law. No company gets to decide for itself which laws to follow.” – Kris Mayes , Arizona Attorney General. The CFTC, meanwhile, has changed its stance on the regulation of prediction markets in recent years. According to Linda Goldstein, the agency is now “all in,” suing states to prevent enforcement , writing proposed rulemaking, and developing rules to prevent insider trading and market manipulation. Initially, the government questioned whether event contracts constituted swaps within its jurisdiction. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

21 May 2026, 09:55

Bitcoin Whales Bought the Dip at $78K, Sold the Rally at $82K in Classic Shakeout, On-Chain Data Shows

BitcoinWorld Bitcoin Whales Bought the Dip at $78K, Sold the Rally at $82K in Classic Shakeout, On-Chain Data Shows On-chain data from the past 20 days reveals that Bitcoin whales have executed a textbook accumulation-and-distribution pattern, buying during a price dip near $78,000 and selling into strength around $82,000, according to an analysis by CryptoQuant contributor Woominkyu. Whale Accumulation at $78K Between May 1 and May 4, as Bitcoin traded near the $78,000 level, on-chain data recorded significant withdrawals from exchanges — a classic sign of whale accumulation. On May 4 alone, approximately 6,590 BTC were moved off exchanges, indicating that large holders were purchasing and removing coins from trading platforms. This pattern typically suggests that whales view the current price as undervalued and are positioning for a potential upside, or at least securing their holdings in cold storage to reduce selling pressure. Distribution at $82K As Bitcoin rebounded to around $82,000 between May 5 and May 12, exchange inflows began to rise. Analysts interpret this as a distribution phase, where whales took profits while retail traders — potentially driven by fear of missing out (FOMO) — bought into the rally. The shift from accumulation to distribution is a well-documented market behavior. In this case, the data suggests that whales successfully sold into the rally, likely adding to their cash positions before any potential pullback. Selling Pressure Continues From May 13 to May 20, selling pressure persisted. On May 18, 8,063 BTC were transferred to exchanges, pushing total BTC holdings on trading platforms from 2.677 million to 2.696 million — a monthly high. This increase in exchange reserves typically signals that more coins are available for sale, which can weigh on price in the short term. The market is now closely watching the $76,000 range as a key support level. If exchange reserves continue to grow, short-term selling pressure is likely to persist, potentially testing that support zone. Why This Matters For retail traders and long-term investors, understanding whale behavior provides a valuable window into market sentiment. Whales — entities holding large amounts of Bitcoin — often have access to better information and execution capabilities. Their accumulation and distribution patterns can offer clues about where the market may be headed. However, it is important to note that on-chain data is not predictive. While the current pattern suggests continued selling pressure, market conditions can change rapidly. Traders should use this information as part of a broader analysis, not as a standalone signal. Conclusion The recent whale activity — buying near $78K and selling near $82K — reflects a classic shakeout pattern. With exchange reserves rising and support at $76K being tested, the short-term outlook for Bitcoin remains cautious. Investors should monitor on-chain metrics for further signs of accumulation or distribution to gauge the next major move. FAQs Q1: What is whale accumulation in Bitcoin? Whale accumulation refers to large holders (whales) buying Bitcoin and moving it off exchanges, typically signaling a bullish outlook or long-term holding strategy. Q2: Why is the $76K level important for Bitcoin? The $76K range has been identified as a key support level based on recent price action and on-chain data. If Bitcoin falls below this level, it could trigger further selling pressure. Q3: Should I follow whale trades? Whale activity can provide useful market signals, but it should not be used as the sole basis for trading decisions. On-chain data is one of many tools that traders use to assess market sentiment and potential price movements. This post Bitcoin Whales Bought the Dip at $78K, Sold the Rally at $82K in Classic Shakeout, On-Chain Data Shows first appeared on BitcoinWorld .

21 May 2026, 09:30

Washington Moves To Review Crypto Tax Rules With New IRS Study Bill

Kraken sent 56 million tax forms to the Internal Revenue Service last year. Nearly a third covered transactions worth less than a dollar. More than 75% were for trades under $50. Those numbers, cited by the crypto exchange last month, have added weight to a growing call in Congress to rethink how small digital asset transactions are taxed in the United States. Related Reading: Crypto Access To Banks In Focus After Trump’s New Executive Order A Study, Not An Exemption A bipartisan group of House lawmakers introduced a bill Tuesday that takes a first formal step toward addressing that burden. Called the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields Act — or PARITY Act — the legislation does not create a tax break for small crypto transactions. What it does is direct the Treasury Department to examine whether one should exist, and to report back within 180 days on what relief it can offer under its current authority. Innovation should create opportunity for everyone, not just those already ahead. The Digital Asset PARITY Act modernizes the tax code for the digital age, creates clearer rules, and ensures emerging financial tools help expand financial inclusion and pathways to wealth. It is… pic.twitter.com/44B8mpEQLl — Rep. Steven Horsford (@RepHorsford) May 19, 2026 The bill also calls for a study on how much paperwork small crypto transactions generate for taxpayers, and on the total number of transactions under $200 that get reported to the IRS each year. The Treasury would also be asked to outline what resources the IRS would need if a de minimis exemption were eventually passed into law — and what kinds of fraud or abuse such an exemption might invite. Republican Representative Max Miller, one of the bill’s sponsors, said the US tax code has not kept pace with how fast digital assets have grown. “As America continues to lead the world in innovation, our tax code has failed to keep pace with the rapid growth of digital assets and modern financial technology,” Miller said in a statement. What Else The Bill Covers The PARITY Act carries over a section from an earlier draft that would treat regulated payment stablecoins like cash for tax purposes. Under that provision, no gains or losses would be recognized on stablecoin transactions unless the cost basis of those tokens falls below 99% of their redemption value. The bill also seeks to apply wash sale rules to crypto — a change that would close a loophole that stock investors are not allowed to use but crypto traders currently are. Related Reading: Zcash Soars 88% In 30 Days: Is ZEC The Stealth Winner Of This Crypto Cycle? Democratic Representatives Steven Horsford and Suzan DelBene joined Miller and Republican Rep. Mike Carey in introducing the bill. Horsford had previously released a discussion draft of the legislation back in March. A Race Against The Clock Miller told Bloomberg Tax he believes the bill can pass before this Congress wraps up. That deadline falls in January, after the November midterm elections in which every House seat will be contested. Featured image from Getty Images, chart from TradingView

21 May 2026, 08:53

[LIVE] Crypto News, May 21: SpaceX Holds $1.4B BTC, Hyperliquid Surpasses Solana, Korean Funeral Firm Implodes on Leverage

In today’s crypto news, SpaceX has made headlines with its Bitcoin holding revelation in the IPO filing, Hyperliquid is flexing its strength by topping Solana’s FDV, and a Korean funeral firm has lost millions on a bad leverage trade. These stories are dominating social media discussions. Hyperliquid has surged ahead in the market with its fully diluted valuation reaching $54 billion, surpassing Solana. The associated HYPE token gained 20%, outperforming all major tokens during this bloodbath. This highlights the platform’s growing influence in decentralized trading as memecoin season on Solana cools off. Hyperliquid has flipped Solana by FDV. pic.twitter.com/rDF5FRg4TK — Arkham (@arkham) May 21, 2026 Hyperliquid Moves on Circle, Coinbase, and SpaceX News as Crypto Bleeds The SpaceX pre-IPO shares listing is now avaliable on both Binance (SPCXUSDT) and Hyperliquid. This injects another gallon of fuel into HYPE rally, adding momentum to an already impressive run from Circle and Coinbase news. It shows that Hyperliquid ecosystem is maturing amid volatile conditions and shifting market dynamics. Still from SpaceX, in it’s IPO filling, the company has revealed its Bitcoin holdings of 18,712 BTC, valued at $1.45 billion today. This figure is far bigger than our expectations and shows SpaceX’s commitment to crypto as a treasury reserve strategy. SpaceX reported Bitcoin holding has no doubt shows a widespread interest in institutional adoption. source, SpaceX S-1 Filling Market reactions to the SpaceX news have been mixed but largely positive, with many seeing it as validation for Bitcoin. The company continues to push boundaries not just in space but in finance, too. It aligns with industry trends toward asset diversification and long-term value preservation. Discover: The best crypto to diversify your portfolio with Korean Funeral Firm’s Leverage Disaster In another part of the world, a South Korean funeral firm, Bumo Sarang, lost $33 million of its customers’ prepaid funds after placing a leveraged 2x bet on the BitMine ETF that went sour. The Korean funeral firm’s decision to use customer money for high-risk trading has raised serious ethical questions about its corporate responsibility. – be Bumo Sarang – one of the biggest funeral companies in South Korea – manages prepaid funeral money from thousands of families – instead of holding it safely – starts buying leveraged crypto-related ETFs – specifically BMNU – a 2x daily leveraged ETF tied to… https://t.co/JqIZCzxyS9 pic.twitter.com/VbRewfvp6Y — StarPlatinum (@StarPlatinum_) May 20, 2026 This Korean funeral incident serves as a stark reminder of the dangers of leveraged crypto trading for entities outside the industry. But it does highlight how even unrelated to crypto businesses are joining institutional adoption. Another crypto treasury company, Nakamoto, is plotting a 1-for-40 reverse stock split following a dramatic 99 percent price plunge in its shares. This restructuring aims to boost investor confidence and meet exchange listing requirements going forward. At the same time, Bitcoin ETF experienced another $1 billion in outflows as investor sentiment cooled, with $648 million hitting in the latest wave amid increased Wall Street crowding and profit taking. For sure, it has been a bad year for treasury and mining companies. Bitcoin (BTC) 24h 7d 30d 1y All time In another news, far from cautious, Trump’s order has lined up Kraken, Ripple, Coinbase, and Circle for direct Fed payment rails in what is being called a major crypto win. With this order, we might see a greater integration with traditional banking systems. The Fed has proposed limited master accounts that have long been sought by crypto firms to improve banking access and reduce reliance on traditional intermediaries. US Treasury sanctions targeted drug traffickers who were laundering profits via crypto channels in a continued effort to curb illicit activities. JUST IN: President Trump orders US government to update regulations to integrate crypto into traditional finance and payment systems. — Watcher.Guru (@WatcherGuru) May 20, 2026 In contrast, Singapore revoked Bsquared’s crypto permit over an alleged serious breach of compliance rules. This sends a strong signal to the industry about regulatory scrutiny in Asia, as Japan is set to open its payment system to foreign stablecoins starting June 1, as part of efforts to modernize finance and attract international business. Join us here on our live session for fast crypto news updates. Discover: The best pre-launch token sales The post [LIVE] Crypto News, May 21: SpaceX Holds $1.4B BTC, Hyperliquid Surpasses Solana, Korean Funeral Firm Implodes on Leverage appeared first on Cryptonews .