hodler

10 May 2026, 13:13

Shiba Inu (SHIB) Records 33.77% Exchange Withdrawal Spike: Accumulation Trend Emerges

Shiba Inu is behaving differently after we see a substantial withdrawal for the market.

10 May 2026, 12:11

South Korea's tax agency deploys on-chain surveillance ahead of 2027 levy

South Korea’s National Tax Service is building an AI system that tracks crypto transactions and catches tax evaders. The agency kicked off the project on May 8 at the Seoul Regional Tax Office. The budget for the new AI system is ~$2.2 million, and the finish date is by the end of 2026. The system will pull crypto transaction records from exchanges and blockchain data, then flag transactions like money laundering, unreported gifts, and offshore tax evasion. New crypto investor growth dropped off a cliff South Korea now has +11 million verified crypto investors , per a Financial Services Commission (FSC) survey. That’s almost double the 5.58 million logged crypto users at the end of 2021. But the pace fell hard. Tradeable account growth hit 25% in H1 of 2024. Then it dropped to 3% in the H2 of last year. Industry people are blaming weak returns compared to stocks and commodities, plus the fact that Korean exchanges only do spot trading. No derivatives, no leverage. Staffing at the big exchanges still indicates the earlier boom. Combined headcount at Upbit and Bithumb reached 1,334 by the end of 2024, up from 682 in 2021, according to filings on the FSC’s disclosure system. Upbit grew from 370 employees to 696. Bithumb went from 312 to 638. South Korea’s AI system tracks crypto wallet hops The NTS system is designed to merge crypto exchange filings with on-chain analysis. ETNews reported that the AI system will map out crypto fund flows between wallets and use AI-based pattern detection to spot suspicious moves. Tracking non-custodial wallet transactions is included. Tax authorities have struggled with that using exchange reports alone. South Korea’s 22% tax clock is ticking South Korea’s Ministry of Economy and Finance confirmed on May 7 that a 22% tax on crypto gains will take effect on January 1, 2027. The tax is broken down into a 20% national income tax and a 2% local tax. Moon Kyung-ho, director of the ministry’s income tax department, said, “We will proceed with virtual asset taxation as scheduled in January next year.” The tax hits gains of +2.5 million won per year or ~$1,800. The NTS is coordinating details with top crypto exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax. The NTS final tax guidelines are expected to be ready by the end of 2026, Moon said. The new tax has been delayed twice from its original 2025 start due to political fights and industry pushback. Now that the 2027 deadline is confirmed, some traders are already talking about moving to offshore exchanges in countries without crypto capital gains taxes, per Cryptopolitan’s earlier coverage . If you're reading this, you’re already ahead. Stay there with our newsletter .

10 May 2026, 12:00

USDT On Ethereum Sees Largest Exchange Outflow Since February — Details

According to the latest on-chain data, the Ethereum-native iteration of USDT, the world’s largest stablecoin, has just witnessed its largest exchange outflow in recent months. 1.29 Billion USDT Flow Out Of Crypto Exchanges In a May 9th post on the X platform, blockchain analytics firm Santiment revealed that USDT on the Ethereum network recently recorded its largest flow out of exchanges in months. Around 1.29 billion stablecoins (the highest since February) were transferred out of exchanges on Friday, May 8th. This on-chain observation is based on the change in the Exchange Flow Balance indicator, which measures the net amount of tokens moving into and out of centralized exchange addresses. Related Reading: This 1 Chart Explains Why Bitcoin Is Winning And Ethereum Is Losing Right Now A spike in the Exchange Flow Balance metric indicates that more tokens (USDT, in this case) are flowing to centralized exchanges. On the other hand, when the indicator declines, it suggests that investors are withdrawing assets from these trading platforms. Santiment explained the significance of investors moving their USDT away from exchanges, noting that this would ordinarily mean they are withdrawing their buying power from trading platforms where they can use it for instant cryptocurrency purchases. On the surface, this reduction of buying power (or capital) on exchanges is a bearish signal for crypto markets. However, the analytics firm believes that the significant USDT outflows (of this reported magnitude) suggest that institutional investors are moving capital to self-custody wallets, DeFi protocols, or OTC (over-the-counter) desks ahead of larger planned transactions. Therefore, capital is believed to be flowing out of the ecosystem, not entirely, but being repositioned for even larger purposes. Santiment also highlighted the pattern often surrounding exchange outflow spikes of this magnitude. For instance, as observed in the chart below, the Bitcoin price witnessed a mini-pullback over the subsequent two weeks following the 3.72 billion USDT outflow on February 9. What’s more interesting is that this pullback birthed the buying opportunity that has seen the Bitcoin price jump by more than 30% in the past few months. Santiment concluded in the social media post: Whether this current capital re-enters exchanges as buying pressure in the near term is the key variable to monitor. If USDT begins flowing back onto exchanges in the coming days, it would signal that deployment into crypto assets is imminent. Crypto Market Capitalization As of this writing, the total cryptocurrency market capitalization stands at around $2.66 trillion, up nearly 4% over the past week. Related Reading: 14,600 Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure Broke It Below $80K Featured image from iStock, chart from TradingView

10 May 2026, 11:58

Key Bitcoin price levels to watch as BTC bear bottom value sets in

Bitcoin ( BTC ) is approaching two major resistance zones that could determine its next market direction, according to cryptocurrency analyst Michael van de Poppe. In an X post on May 9, the analyst identified the first key resistance area between $86,000 and $88,000, while the second and more significant zone sits between $93,000 and $95,000, aligning with Bitcoin’s 50-week moving average ( MA ). Poppe noted that in previous market cycles, including 2017, 2021, and 2024, Bitcoin’s initial recovery rallies often faced rejection near former support levels or the 50-week moving average before establishing a sustained uptrend. He suggested the current setup is following a similar pattern. His analysis showed Bitcoin recently breaking below the 50-week moving average, while the 200-week moving average is acting as key long-term support near the low $70,000 region. The insights also identified the $93,000 to $95,000 zone as a likely resistance area where sellers could regain control if the rally weakens. Bitcoin price analysis chart. Source: TradingView The outlook suggested Bitcoin may consolidate for several weeks beneath resistance, similar to previous cycles when extended ranging periods preceded broader upward trends and allowed altcoins to outperform. To this end, the expert added that Bitcoin could still retest the $70,000 to $75,000 range before continuing higher, although he believes the broader bear market bottom is already in place. Bitcoin exchange reserves fall Additional on-chain data shared by analyst Ali Martinez on May 8 reinforced the longer-term bullish outlook. Martinez reported that about 7,400 Bitcoin had been withdrawn from exchanges over the previous week, a development typically associated with reduced immediate selling pressure as investors move holdings into private wallets for longer-term storage. Data shows Bitcoin reserves on trading platforms are steadily declining toward the 2.675 million BTC level. Historically, falling exchange balances have often coincided with stronger price support, as fewer coins available on exchanges can reduce near-term sell-side liquidity and strengthen bullish momentum if demand remains elevated. Bitcoin exchange balance. Source: CryptoQuant/Ali Martinez Bitcoin price analysis The bullish outlook comes as recent price action has shown modest gains this week, but remains choppy. Bitcoin briefly dipped below $80,000 before recovering. Over the past three months, BTC has climbed from around $63,000 into the $80,000 range, marking a solid recovery, though it still trades well below its all-time high above $125,000 reached earlier in this cycle. At press time, Bitcoin was trading at $80,780, up about 0.5% in the past 24 hours. On the weekly timeframe, the asset has gained nearly 3%. Bitcoin seven-day price chart. Source: Finbold Volatility has remained relatively contained in recent sessions, with analysts watching for a potential breakout toward $85,000 if bullish catalysts such as continued ETF inflows and supportive technical indicators persist. The post Key Bitcoin price levels to watch as BTC bear bottom value sets in appeared first on Finbold .

10 May 2026, 11:00

Bitcoin: How BTC’s $80K stayed intact despite $268M ETF outflows

Bitcoin ETFs diverged from price action as exchange outflows reduced supply and strengthened bullish momentum.

10 May 2026, 10:58

Beyond Speculation: Binance Reveals How Crypto Is Transforming Emerging Markets

Binance has released a report outlining how cryptocurrencies and digital asset infrastructure are improving financial access in underserved regions and emerging markets. Titled “Finance Without Frontiers,” the paper explains how the unbanked and underbanked population is turning to crypto for cross-border payments and financial inclusion as a whole. According to the report, crypto adoption has grown beyond speculation into real-world utility because of the financial inclusion it offers. Besides trading on digital asset platforms, users now have access to global systems through tokenization, artificial intelligence (AI) agents, and mobile-native services.