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29 May 2026, 06:44

Sui Network Hit by Fresh Outage Months After Previous Six-Hour Downtime Incident

Sui Network has restored operations after a disruption that kept its blockchain offline for nearly six hours on Thursday. The Layer 1 network said the issue was caused by a bug tied to its recently released 1.72 update, which specifically affected the gas charging logic. Recurring Network Issues In a post on X, the team behind Sui confirmed that activity on the mainnet had resumed and added that a detailed incident review would be released in the coming days. Earlier during the outage, the project warned users that the network was experiencing a stall and that transactions were paused until a solution was deployed. According to the network’s status page, the disruption lasted for 5 hours and 55 minutes. Although the blockchain has resumed functioning, validators on the Sui mainnet are still marked as operating under “degraded performance.” This isn’t Sui’s first outage. In fact, in January this year, the network suffered another downtime event that lasted more than six hours. A separate disruption also occurred in November 2024, which was linked to a bug in transaction scheduling logic that caused validators to crash and ended up halting transaction processing across the network. Price Performance Sui’s native token, SUI, briefly dropped from $0.95 to $0.89 on Thursday during the network disruption, but the decline did not last long. The token has since stabilized and is trading near $0.925. Over the past 24 hours, SUI has gained around 1.5%. SUI also saw a strong rally earlier this month, briefly climbing to nearly $1.40 in mid-May, its highest level since January. The surge came after Sui Group Holdings staked 108.7 million SUI tokens, removing nearly 3% of the circulating supply from the market. Additional momentum came from optimism surrounding the upcoming launch of CME Group SUI futures and Sui’s partnership with African payments firm Paga. However, despite the short-term recovery, the token remains down nearly 17% over the past week amid broader weakness across the crypto market. The post Sui Network Hit by Fresh Outage Months After Previous Six-Hour Downtime Incident appeared first on CryptoPotato .

29 May 2026, 06:40

Dell Shares Explode Following AI-Fueled Earnings Beat

Dell Technologies has undoubtedly become one of the latest major winners of the artificial intelligence boom, with investors piling into the stock following a blowout earnings report. The rally has also drawn close political attention after comments from President Donald Trump praising the company earlier in May. AI Server Demand Drives Record Results Dell Technologies saw its price per share surge in after-hours trading. This came after the company reported first-quarter results that sharply exceeded Wall Street expectations, driven largely by booming demand for artificial intelligence servers. The company outlined adjusted earnings per share of $4.86 on revenue of $43.8 billion, which far exceeded the projections and expectations of analyst forecasts, which stood at around $2.99 – a 1.6x increase. Revenue also nearly doubled from the previous year, while AI-optimized server orders increased dramatically. This underscores just how central Dell has become to the infrastructure behind the ongoing AI frenzy. The company also raised its full-year outlook, now forecasting revenue of about $167 billion for the fiscal year that ends in January 2027. It expects around $60 billion of that to come from sales of AI-oriented servers. Moreover, Dell CEO Jeff Clarke said their “AI opportunity shows no signs of slowing,” as customers have reportedly been investing in data centers capable of supporting large-scale deployment of AI-based solutions. The stock price exploded by about 39% after the earnings release, extending a rally that has already made the firm one of the strongest performers this year. Source: Robinhood Trump’s Recent Comments Add Political Spotlight The most recent surge has also drawn attention to the public praise for Dell from President Donald Trump. Earlier this month, on May 8th, he urged people to “go out and buy Dell computers,” a call that was followed by a sharp rise in the company’s stock price. Since then, Dell’s shares increased by about 80%, adding roughly $120 billion in market capitalization. The same post also highlighted Dell’s reported $9.7 nillion Pentagon contract, awarded on May 27, as another catalyst that is feeding enthusiasm. Recall that Trump also recently praised the cryptocurrency industry and Bitcoin in particular, saying that the country is the “crypto capital of the world,” and that “builders and entrepreneurs are coming back to the United States where they belong.” He also said that they will “codify a future-proof digital asset market structure that cannot be undone by the crypto haters.” Unfortunately for crypto investors, the market has plunged since these remarks, with Bitcoin trading at slightly above $$73,000 at the time of this writing. The post Dell Shares Explode Following AI-Fueled Earnings Beat appeared first on CryptoPotato .

29 May 2026, 06:21

ETH Below $2,000: Why Record Futures Open Interest Could Make Ethereum More Volatile

Ether sliced through the $2,000 mark this week, jolting a market that had grown comfortable trading ranges and funding drifts. The breakdown came just as futures open interest in ETH notched a record high in coin terms — a combustible mix for price stability. With leverage stacked and spot flows turning defensive, the path of least resistance can be choppy. The question now isn’t simply “where is support,” but “how does the market behave when positioning is this crowded?” Below, we unpack how record open interest, ETF outflows, and a well-telegraphed options expiry could magnify Ethereum’s next moves — in both directions. The Big Picture Editor's note: In late Q1 and through Q2 2026, I watched ETH’s tape transition from orderly rotations to leverage-heavy chop. Conversations with desk heads kept circling the same points: coin-denominated OI was climbing even as spot bids thinned, and ETF flow reversals were stripping away a key buffer. I ran a few small delta-hedged structures around expiry weeks and noticed how quickly dealer hedging swung the market once round numbers broke. That experience reinforced a simple takeaway — in this regime, open interest is a volatility signal first, and a directional tell only sometimes. — Lena Carter ETH’s slide below $2,000 on May 28, 2026 — the first time since late March — arrived alongside a paradox: leverage kept climbing even as spot price fell. Per reporting that cited Coinglass data, aggregate ETH futures open interest reached a record 16.39 million ETH (roughly $32.5 billion notional at the time) on the same day. Meanwhile, U.S.-listed spot Ether ETFs swung to net outflows in May, reversing April’s net inflows. Specifically, CoinDesk noted ETH fell nearly 8% over seven days and over 5% in 24 hours into the break, while open interest in futures still edged higher to 16.39 million ETH. May saw about $401 million in cumulative net outflows from U.S. spot ETH ETFs, after roughly $354 million of net inflows in April, according to SoSoValue figures cited by CoinDesk. Those cross-currents help explain why price action felt disorderly rather than directional. When leverage expands into a weakening spot tape, volatility is no longer a tail risk — it becomes the base case until positioning resets. Why Record Open Interest Can Turbocharge Moves Open interest (OI) tallies how many futures contracts remain outstanding. Record coin-denominated OI implies a lot of exposure is riding on ETH’s next leg. High OI isn’t inherently bearish; but when it pairs with declining spot demand and thin resting liquidity, even routine moves can snowball into outsized swings. Leverage vs. liquidity: the knife’s edge Futures allow traders to control large notional exposure with relatively little margin. As OI climbs, so does the aggregate sensitivity of the market to adverse moves. A 2% drop might be trivial in spot, but on levered books it can trigger margin calls, forced de-risking, and algorithmic hedges. If liquidity has stepped back, the mechanical selling (or buying) required to rebalance positions can push price further than fundamentals alone would suggest. Where the positions sit matters While OI is a headline metric, its distribution across venues, maturities, and participant types shapes outcomes. If OI clusters in perpetual swaps with high retail participation, liquidation cascades can be more dramatic than in dated futures dominated by basis traders. Conversely, concentrated institutional basis exposure can lead to large spot-futures hedging flows when volatility spikes. These dynamics are why record OI often correlates with bigger realized swings, especially around key levels like $2,000. Spot Signals Are Diverging from Derivatives One reason the sub-$2,000 break stung: spot demand softened just as derivatives positioning thickened. U.S.-listed spot Ether ETFs saw about $401 million of net outflows in May 2026, reversing April’s net inflows of roughly $354 million, per SoSoValue figures relayed by CoinDesk . Outflows don’t mean a secular bear; they do suggest a near-term reduction in structural spot bids. ETFs as marginal buyers (or sellers) ETFs aren’t the whole market, but they can be decisive at the margin. Net inflows add steady spot accumulation; net outflows can reverse that, handing supply back into a market already trying to digest forced sells from derivative deleveraging. In May, the ETF pivot likely removed a cushion just as leverage swelled. Funding, basis, and what to watch Derivatives price signals — funding rates for perpetuals and the basis between futures and spot — contextualize OI. Persistently positive funding with price drifting lower can be a sign longs are crowded and vulnerable. Conversely, deeply negative funding may indicate capitulation. While exact prints shift hour by hour and across venues, the combination of record OI with a weaker spot tape is a classic recipe for higher realized volatility. Liquidations, Options, and the Volatility Loop The week’s selloff coincided with heavy liquidations across crypto and a sizable options expiry window — two ingredients that can reinforce each other. Over a 24-hour span into May 28, roughly $958.8 million in crypto positions were liquidated, with about $897 million being longs, according to CoinDesk . In that same window, CoinDesk reported ETH open interest still rose about 0.61% to 16.39 million ETH. Simultaneously, approximately $8 billion of options notional were set to expire on Deribit around May 29, including roughly $1.4 billion tied to ETH — a near-term gamma event that can amplify realized swings, as noted by CoinDesk . How a selloff becomes a cascade Price breaks a round number (e.g., $2,000), tripping stops and prompting hedges. Perp funding turns, and levered longs face margin calls; forced sells hit thin liquidity. Options dealers adjust delta and gamma hedges into a falling market, selling spot or futures. Downside liquidity gaps widen; more stops and liquidations fire as mark prices slide. Volatility spikes; some shorts cover, others press. The move overshoots until hedging flows subside. That loop can run in reverse on sharp squeezes if shorts are crowded. The key is not direction but asymmetry: when leverage is high, small triggers can create outsized moves. Levels, Flows, and Playbooks Amid Sub-$2K ETH Psychological thresholds matter because they align with positioning. The $2,000 level featured in options strikes, liquidation bands, and narrative anchor points. Once breached, liquidity often steps back until new ranges establish. Data points shaping the tape MetricRecent ReadingContext / SourceETH spot priceBreak below $2,000 on May 28, 2026 CoinDesk Futures open interest16.39M ETH (~$32.5B notional)Coinglass via CoinDesk U.S. spot ETH ETF flows (May)-$401M net outflowsSoSoValue via CoinDesk U.S. spot ETH ETF flows (April)+$354M net inflowsSoSoValue via CoinDesk Crypto liquidations (24h)$958.8M total; $897M longs CoinDesk Options expiry (around May 29)~$8B notional; ~$1.4B in ETH options CoinDesk Practical playbooks (not advice) There’s no universal approach, but market participants often focus on: Position sizing: reducing gross and net exposure when ranges expand can limit slippage. Liquidation buffers: maintaining higher margin ratios on perps to avoid forced exits. Staggered orders: using ladders and resting bids/offers to catch dislocations without chasing. Hedge flexibility: mixing options with futures to cap downside while preserving upside. Event calendars: planning around expiry, CPI/Fed dates , major unlocks, and protocol upgrades. What could calm volatility Stabilizing factors could include a turn back to net ETF inflows, a visible reduction in coin-denominated OI, or a compression in funding rates toward neutral. Clear catalysts — like progress on scaling roadmaps, liquidity returning to order books, or macro relief — can also temper realized swings. The absence of those ingredients tends to keep price action jumpy. Risks & What Could Go Wrong Leverage spiral: Elevated OI increases the odds of liquidation cascades on both sides. ETF supply overhang: Persistent outflows from spot ETH ETFs could remove a structural bid. Options-driven whipsaws: Dealer hedging around expiries and large gamma pockets can create sharp, transient moves. Liquidity fractures: Thin books during off-hours or venue outages can magnify gaps. Regulatory headlines: New rulings or enforcement actions may shift flows abruptly. Smart-contract and custody risks: On-chain exploits or custodian incidents can spark de-risking unrelated to macro. Warning: High open interest is not a direction call — it’s a volatility regime signal. Manage leverage and liquidity assumptions accordingly. If you want continuing context on how derivatives and flows intersect with ETH’s spot narrative, Crypto Daily tracks market structure and catalysts across cycles. You can find more timely research and news at Crypto Daily . Frequently Asked Questions Why can record futures open interest make ETH more volatile? Because more leverage is at stake. With large coin-denominated OI, relatively small price moves can trigger margin calls and hedging flows. If spot liquidity is thin or stepping back, those forced trades can push price further, producing bigger swings than fundamentals alone would imply. Did ETFs cause ETH to drop below $2,000? ETFs were likely a contributing factor, not the sole cause. U.S.-listed spot ETH ETFs saw about $401M in net outflows in May 2026 after $354M of inflows in April, per SoSoValue data cited by CoinDesk. That shift removed a supportive spot bid just as leverage rose, increasing fragility around the $2,000 level. How do liquidations and options expiry interact with price? Liquidations occur when levered positions can’t meet margin requirements, forcing sells (or buys) into the market. Around options expiries, dealer hedging can intensify directional flows. CoinDesk highlighted roughly $8B of options notional set to expire near May 29, including ~$1.4B in ETH — a setup that can amplify intraday volatility. Is high open interest bullish or bearish? Neither by itself. High OI is a positioning metric. It signals potential energy in the system. Combined with soft spot demand and key level breaks, it can skew realized volatility higher. Paired with rising spot demand and strong liquidity, it can support trend extensions without disorderly moves. What indicators should I monitor in this regime? Watch coin-denominated OI across major venues, perp funding rates, spot-futures basis, ETF flow trends, and liquidation maps. Also track options open interest and put/call skew into expiries. None are definitive alone; together they frame risk and positioning. Could ETH rebound quickly after sub-$2,000? It could. If shorts crowd in and funding flips deeply negative while liquidity reappears, a squeeze can be swift. Conversely, persistent ETF outflows or fresh macro shocks may keep ranges wide. The near-term path depends on how positioning resets and whether spot demand returns. How should traders think about leverage right now? Carefully. Elevated OI means liquidation thresholds can be closer than they appear, especially if volatility rises. Many participants increase buffers, reduce leverage, and diversify hedges around key levels and event dates. This is general market commentary, not financial advice. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

29 May 2026, 06:19

Dogecoin drops 2.7 percent as critical $0.096 support nears

🚨 DOGE tumbled 2.7 percent, trading near $0.0989 as it approaches a vital $0.096 support. Analysts warn of deeper drops unless DOGE holds above this key level. 📊 Critical data: For a rebound, the price must at least cross $0.100 in $DOGE. Continue Reading: Dogecoin drops 2.7 percent as critical $0.096 support nears The post Dogecoin drops 2.7 percent as critical $0.096 support nears appeared first on COINTURK NEWS .

29 May 2026, 06:06

Crypto rally today: Why are Stellar, Hedera, Hyperliquid going up?

Bitcoin and top altcoins are rising today, helped by the improving geopolitical situation as the US-Iran tensions have cooled. BTC rose to $73,200 from this week’s low of $72,000, while the market capitalization of all coins rose to $2.47 trillion. Stellar (XLM) token rose by 18% in the last 24 hours, reaching a high of $0.2160, its highest point since January 26 and 45% above the lowest point this week. Hedera (HBAR) token rose for the second consecutive day, reaching a high of $0.091, its highest level since May 16. Hyperliquid (HYPE) rose to $61.7, up by over 200% from the year-to-date low of $20. Some of the other top gainers were tokens like Humanity, DeXe, Algorand, and Cardano’s Midnight. READ MORE: Here’s why Brent crude oil price may drop below $60 soon Stellar’s XLM token jumped after DTCC partnership Stellar token went parabolic after the developers unveiled a major partnership with Depository Trust & Clearing Corporation (DTCC), an organization that processes an average of $8 trillion a day in security transactions. This translates to about $2 quadrillion in volume across the equity, bond, and financial instruments annually. https://twitter.com/StellarOrg/status/2059609329376858380 The partnership will see tokenized assets available on the Stellar network in the first half of next year. It will support the rapid conversion of traditional assets into tokenized form and the full asset lifecycle, including reporting. Denelle Dixon, the CEO of Stellar Development Foundation (SDF) said: “DTCC is the backbone of global capital markets, and integrating their tokenization service with Stellar connects public blockchain networks to regulated market infrastructure.” The partnership comes at a time when more large organizations are embracing Stellar’s technology. Some of the most notable ones are Franklin Templeton, WisdomTree, Janus Henderson, and Ondo. Data shows that its distributed asset value in its RWA ecosystem rose by 14% in the last 30 days to $1.82 billion. RWA transactions rose by 67% to $294 million. HYPE price jumps as Hyperliquid network booms The HYPE token price has soared this year, moving from a low of $20 to the current $61. This surge has brought its market cap to over $15.6 billion, making it one of the biggest players in the crypto industry. HYPE price has had several bullish catalysts. For example, the recently launched HYPE ETFs have continued to fire on all cylinders, adding over $100 million in inflows and having $122 million in assets. Bitwise’s BHYPE has gained over $65 million in assets, while 21Shares THYP has gained $56 million. Hyperliquid is also benefiting from the ongoing volume surge amid the US-Iran war. This war drove more people to use its platform to trade crude oil futures, especially during the weekend when the normal markets are closed. This surge has led to higher network fees, token buybacks , and burns, which has improved its tokenomics. HYPE has formed a cup-and-handle pattern, pointing to more gains in the longer term. Hyperliquid price chart | Source: TradingView Hedera price jumped amid dip-buying Hedera price soared to $0.092, its highest point in three days, and by over 12% from its lowest point this week. This rebound happened as investors started buying the dip as it had no major catalyst. Hedera, despite its popularity, has some major headwinds, including its ecosystem growth. For example, the total value locked (TVL) has dropped to just $53 million from last year’s high of $213 million. Its chain fees dropped to $53,000 in the first quarter from last year’s high of $206k. The post Crypto rally today: Why are Stellar, Hedera, Hyperliquid going up? appeared first on Invezz

29 May 2026, 06:00

Bitcoin Faces Fresh Danger As Miner Inflows To Binance Surge

Bitcoin’s composite trend signal has shifted back into a “high bear” zone, according to researcher Axel Adler Jr., following a sharp three-week reversal from May highs around $82,500. The cryptocurrency now trades just above the $74,500 support band, a level that aligns with the lower boundary of its 21-day Donchian channel. A Pattern Taking Shape Repeated failures to break past the $80,000 to $81,000 range have left a head-and-shoulders pattern forming on the daily chart. The most recent lower high, set near $78,000, now sits as the right shoulder of that setup. A daily RSI reading below 50 adds to the bearish lean, reflecting limited strength during recent price recoveries. On May 18, miners moved roughly 21,000 BTC to Binance — the second-largest such transfer this year, trailing only the 23,150 BTC sent on February 5. Analyst Amr Taha flagged the move, noting that large miner deposits to exchanges typically signal potential selling as miners convert holdings to cover operating costs. Demand Failing To Keep Pace Despite the surge in supply hitting the exchange, the price reaction stayed relatively calm. Binance’s total BTC reserves climbed from about 618,600 on May 6 to nearly 634,000 by May 26, yet no aggressive sell-off followed. The more pressing concern may not be miner activity at all. Glassnode data shows spot volume delta slipping back into net sell-side territory after Bitcoin was rejected near the low $80,000s. Without a return of spot buying, the market risks slipping back into the choppy, seller-dominated conditions that capped prices earlier in the year. The realized profit/loss ratio currently stands at 1.56 — well below the two to five range associated with stronger bull market conditions. That reading points to moderate buying conviction at best during the recent price bounce. $75,000 Becomes The Line The $74,500 to $75,000 zone is now being watched closely across multiple analytical frameworks. Adler identifies $74,500 as critical support, while technical analysis places the same area at the neckline of the broader chart pattern. A confirmed break below that level would expose the next major support near $70,400. For now, the market is holding — but the balance of supply, weak demand, and a deteriorating momentum picture has put that hold under serious strain. Featured image from Adobe Stock, chart from TradingView