Invest ideasNews
23 May 2026, 10:56
Ethereum Price Prediction: ETH Bears Target $2K Support Zone
Ethereum is back near a key support zone after a short term breakdown sent ETH toward the $2,030 area. Buyers need to defend the $2,000 zone, while a move above $2,130 would give ETH its first stronger recovery signal. Ethereum Price Holds Support as ETH Tests Buy Order Block Ethereum is testing a buy order block on the 1 day chart after pulling back from the May resistance area. The chart shared by The Great Mattsby on X shows ETH holding near the green support zone around the $2,000 to $2,070 area. The setup shows price moving between clear buy and sell order blocks. The nearest support is the green zone under the current price area. If ETH holds that zone, buyers could try to defend the structure and push price back toward the first resistance band. ETH Buy Order Block Chart. Source: The Great Mattsby on X The first sell order block sits around the $2,260 to $2,340 area. ETH rejected from that region earlier in May, so it remains the nearest upside test. A stronger move would need to clear the next resistance area near $2,420 to $2,700. That wider red zone marks the larger supply area from the earlier breakdown. However, the current support zone matters first. If ETH loses the buy order block near $2,000, the chart points to the next major green support area around $1,770 to $1,890. A deeper drop could bring the lower support zone near $1,550 to $1,650 back into focus. That would weaken the recovery structure and show that sellers still control the larger range. For now, ETH is sitting at a key decision point. The chart shows support under price, but buyers still need a move back above the nearby sell order block to confirm stronger momentum. Ethereum Price Drops as ETH Short Setup Hits 5% Target Ethereum fell after breaking below a short term rising trendline on the 1 hour chart. The chart shared by Cryptorphic on X shows ETH dropping from the $2,130 area toward the $2,030 zone after a failed recovery attempt. The setup started near a resistance area around $2,130 to $2,159. ETH tried to hold that level, but sellers pushed price below the rising support line. That break confirmed weaker momentum and opened the way for the short setup shown on the chart. ETH Short Setup Chart. Source: Cryptorphic on X The chart marks a decline of about 5%, with the move extending toward the lower target area near $2,002. ETH was still trading above that lower target zone, but the sharp drop showed that sellers controlled the move after the breakdown. The blue moving average above price adds another resistance layer. ETH remains below that line, which means buyers still need a stronger recovery before the short term trend improves. The first key support now sits near $2,030, followed by the larger $2,000 area. If ETH loses that zone, the chart points toward deeper downside pressure. For recovery, ETH needs to reclaim the $2,130 area first. A move above $2,159 would weaken the bearish setup and show that buyers are taking back control.
23 May 2026, 10:25
Chinese Man Sentenced to 12 Years for Stealing Friend’s Bitcoin
BitcoinWorld Chinese Man Sentenced to 12 Years for Stealing Friend’s Bitcoin A Chinese court has finalized a 12-year and seven-month prison sentence for a man convicted of stealing and selling Bitcoin belonging to an acquaintance. The case, which highlights the growing legal scrutiny around cryptocurrency custody and trust, was decided by the People’s Procuratorate of Changshan District in Fuzhou City. Theft Through Breach of Trust According to court documents, the convicted individual, identified only as Lin, was asked by the victim, Wang, for assistance in cashing out Bitcoin in late 2020. During this process, Lin secretly obtained the private key to Wang’s cryptocurrency wallet from his computer. He then transferred four Bitcoin to his own account and subsequently sold the assets, realizing an illicit profit of approximately 900,000 yuan (about $124,000 at the time of the theft). The victim did not discover the missing assets until 2024, when he reported the theft to authorities. This led to Lin’s arrest and prosecution. An appellate court upheld the original sentence, which also included a fine of 300,000 yuan (approximately $41,000). Legal and Market Implications This case underscores the legal risks associated with self-custody of cryptocurrency, particularly when relying on third parties for technical assistance. In China, where cryptocurrency trading has been effectively banned since 2021, legal cases involving digital assets are often handled under broader theft or fraud statutes. The severity of the sentence — over 12 years for a theft of roughly $124,000 — reflects the serious view Chinese courts take on crimes involving digital assets, even when the value is relatively modest by international standards. What This Means for Crypto Owners For cryptocurrency holders, this case serves as a stark reminder of the importance of private key security. The theft was only possible because the victim shared access to his computer and wallet credentials. Security experts consistently recommend using hardware wallets, never sharing private keys, and avoiding assistance from untrusted parties for transactions. The long delay between the theft and its discovery — nearly four years — also highlights the difficulty of tracking stolen cryptocurrency without robust record-keeping. Conclusion The finalization of this sentence in China adds to a growing body of case law around cryptocurrency theft globally. While the value stolen was not exceptionally large, the length of the prison term signals that courts are treating digital asset crimes with increasing severity. For readers, the key takeaway is that cryptocurrency custody requires rigorous personal security practices, and that breaches of trust can have severe legal consequences for perpetrators. FAQs Q1: How did the thief obtain the private key? The thief, Lin, secretly accessed the victim’s computer while helping him cash out Bitcoin, and copied the private key to the victim’s wallet without authorization. Q2: Why did it take so long for the victim to discover the theft? The victim did not check his cryptocurrency wallet for nearly four years after the theft occurred in late 2020. He only discovered the missing Bitcoin in 2024 and reported it to authorities. Q3: Is cryptocurrency trading legal in China? No. China has banned cryptocurrency trading and exchanges since 2021, though holding cryptocurrency as an asset is not explicitly illegal. Legal cases involving crypto are prosecuted under general theft, fraud, or money laundering statutes. This post Chinese Man Sentenced to 12 Years for Stealing Friend’s Bitcoin first appeared on BitcoinWorld .
23 May 2026, 10:03
XRP price prediction as whale activity plunges 60% in 9 days
As XRP faces mounting bearish pressure, the asset appears to be entering a consolidation phase following a sharp decline in whale activity across the network. On-chain data from Santiment , shared by cryptocurrency analyst Ali Martinez on May 23, shows that XRP transactions worth more than $1 million dropped from 157 nine days ago to just 67, marking a decline of 57%. XRP whale activity chart. Source: Santiment The slowdown in high-value transfers comes as XRP trades around $1.30 after a volatile period for the broader cryptocurrency market. Notably, the decline in whale activity suggests major investors may be stepping back, potentially allowing the current trading range to stabilize. Historically, falling large transaction volumes have often coincided with lower volatility and tighter consolidation as markets await a fresh catalyst. Reduced whale participation may indicate institutional traders are waiting for clearer macroeconomic signals, regulatory developments, or stronger crypto market momentum before taking larger positions. XRP network activity streaks Interestingly, the drop in whale activity contrasts with another Santiment dataset showing XRP recorded one of its strongest network growth streaks of 2026 as of May 21. According to the data , the XRP Ledger added about 4,300 new wallets on May 20, marking the fourth-largest daily increase in wallet creation this year. Daily active addresses also climbed to some of their highest levels in recent months, signaling renewed user engagement despite market weakness. Santiment’s data also showed a rebound in network growth after a slowdown earlier in May. Analysts often view rising wallet creation and active address metrics as signs of improving adoption and stronger blockchain participation, especially during periods of price consolidation. 📈 $XRP has had 4,300 new wallets created in 24 hours, the 4th largest spike of 2026. Network growth is among the top leading signals to identify reversals. 🔗 Check out XRP’s network growth and level of address activity any time with this handy chart: https://t.co/8jwj1uvJta pic.twitter.com/Fbo1WRKEN8 — Santiment Intelligence (@SantimentData) May 21, 2026 XRP price analysis By press time, XRP was trading at $1.31, down more than 3% in the past 24 hours and over 6% on the weekly chart. XRP seven-day price chart. Source: Finbold XRP remains bearish, trading below its 50-day SMA of $1.40 and 200-day SMA of $1.70, signaling weak short- and long-term momentum. Meanwhile, the 14-day RSI at 43.45 indicates neutral sentiment but suggests fading buying pressure, leaving the asset vulnerable to further downside unless momentum improves. Despite the decline, the token has managed to hold above the key $1.30 support level, helping limit the risk of a sharper short-term correction. XRP is expected to remain range-bound between $1.20 and $1.40 unless whale activity rebounds. A break above $1.40 could pave the way for a move toward $1.50 if broader market sentiment improves. However, continued weakness in whale participation and trading volume could push XRP back toward the $1.10-$1.20 support zone. The post XRP price prediction as whale activity plunges 60% in 9 days appeared first on Finbold .
23 May 2026, 10:02
Pundit: This Is Why I Believe XRP Wins Where Bitcoin Stops
Crypto proponent X Finance Bull recently detailed why he believes XRP and utility-focused digital assets are better positioned for the future financial system than Bitcoin, despite expressing renewed respect for Bitcoin’s decentralized foundation. In a recent tweet, X Finance Bull stated that Bitcoin deserves recognition for creating a decentralized monetary network without a CEO, company, or central authority. However, he argued that the global financial system is now moving toward tokenization , programmable finance, institutional blockchain infrastructure, and cross-border settlement systems requiring utility-focused networks. He wrote that while Bitcoin was designed to resist the traditional financial structure, XRP was designed to integrate with it. According to him, this difference will become increasingly important as governments, banks, and institutions expand their use of blockchain technology. This is why I believe $XRP wins where Bitcoin stops. AND I NEED YOU TO HEAR THE FULL ARGUMENT I respect Bitcoin. The decentralization is real. No CEO. No company. No kill switch. Fixed 21M supply. The ultimate rebellion against broken fiat. But here's where the thesis… https://t.co/ukOdElSBoT pic.twitter.com/yRC2Md1BcE — X Finance Bull (@Xfinancebull) May 21, 2026 Bitcoin’s Decentralization In the video attached to the post, X Finance Bull acknowledged that Bitcoin remains the strongest decentralized asset in the market. He emphasized that no government or corporation can directly control the Bitcoin network, alter its supply, or pressure a central organization into changing the rules. He explained that this structure is what attracts many Bitcoin supporters who distrust central banks, inflation, and the traditional financial system. According to him, Bitcoin represents a financial system that operates independently from governments and banking institutions. At the same time, he questioned aspects of Bitcoin’s early history. He referenced the disappearance of Bitcoin creator Satoshi Nakamoto, the dormant wallets believed to contain roughly one million Bitcoin, and the 2011 visit by early Bitcoin developer Gavin Andresen to CIA headquarters for a presentation on the technology. X Finance Bull stated that these events do not prove wrongdoing, but argued that they leave unanswered questions about Bitcoin’s origins and early adoption. He also discussed Bitcoin’s use on dark web marketplaces during its early years, while noting that technologies themselves remain neutral regardless of how people use them. XRP Positioned for Institutional Adoption After outlining his view on Bitcoin, X Finance Bull shifted his focus to XRP and utility-based blockchain projects. He argued that financial institutions require systems built around compliance, accountability, partnerships, and interoperability. According to him, banks and governments are unlikely to adopt networks that cannot integrate with regulation or enterprise infrastructure. He said XRP’s focus on fast settlement , liquidity management, and cross-border transactions makes it more suitable for institutional use cases. X Finance Bull also pointed to Ripple’s institutional partnerships and the growing development of CBDCs, stablecoins, and tokenized assets. He argued that these trends create long-term structural demand for networks connected to financial infrastructure. In the video, he cited ongoing global CBDC research, ISO 20022 migration efforts, and blockchain integration initiatives involving financial institutions as evidence that the existing financial system is adapting rather than disappearing. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Utility Coins Could Benefit From Regulatory Clarity Another major point in the discussion involved regulation. X Finance Bull referenced the Digital Asset Market Clarity Act currently advancing in the United States, arguing that future crypto adoption will depend heavily on classification and compliance frameworks. He said Bitcoin supporters often view Bitcoin’s lack of a central organization as its biggest strength from a regulatory perspective. However, he argued that utility-focused projects should not be dismissed simply because they operate with companies, partnerships, or enterprise development teams. According to him, projects such as XRP, XLM, Chainlink, Quant, Hedera, and Algorand are focused on building infrastructure for the next phase of finance rather than functioning solely as speculative assets. X Finance Bull concluded by stating that he believes both Bitcoin and utility assets can coexist. However, he maintained that utility-focused networks connected to payments, tokenization, liquidity, and institutional finance could play a larger role in rebuilding the future financial system. 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 Pundit: This Is Why I Believe XRP Wins Where Bitcoin Stops appeared first on Times Tabloid .
23 May 2026, 10:00
Grayscale Files Third Hyperliquid ETF Amendment With SEC — Details
Hyperliquid’s native token HYPE has been the major center of attention in the cryptocurrency market over the last week. Besides its impressive price action — outperforming other large-cap assets by a significant margin in the past week — the cryptocurrency seems to be becoming the new darling of institutional investors. A fairly strong first full trading week for Bitwise’s HYPE exchange-traded fund (ETF) was identified as one of the catalysts behind the coin’s all-time high rally. Interestingly, the latest development suggests that Grayscale’s Hyperliquid ETF might also be making its trading debut soon. Grayscale Confirms GHYP Ticker For Hyperliquid ETF On Friday, May 22nd, Grayscale submitted the third amendment to its spot HYPE ETF S-1 application with the United States Securities and Exchange Commission (SEC). According to Bloomberg ETF analyst James Seyffart, this latest amendment confirms that the asset management firm’s Hyperliquid ETF will trade with the GHYP ticker upon launch. After initially submitting a proposal in March, Grayscale has made a series of changes to its Hyperliquid ETF offering, including switching custodians from Coinbase to Anchorage Digital and incorporating native staking yields. Meanwhile, the firm has finally settled on the GHYP ticker after introducing the HYPG ticker in the second amendment. As Seyffart pointed out, the latest amendment of its SEC filing suggests that Grayscale might be getting closer to launching its spot HYPE exchange-traded fund. This would bring the number of Hyperliquid ETFs on US exchanges to three, including 21Shares and Bitwise’s spot HYPE exchange-traded products. Interestingly, this development coincides with Grayscale’s reported on-chain activity, with the asset management firm found accumulating significant amounts of the Hyperliquid native token over the past week. On-chain data shows that Grayscale bought 682,190 HYPE (roughly $35 million) over the past week. HYPE Price Overview As of this writing, the Hyperliquid token is valued at around $54.7, reflecting a decline of over 5% in the past 24 hours. The past day’s price action suggests the cryptocurrency may be slowing down after a strong bullish run this week, with a move toward a new all-time high above $62. According to CoinGecko data, the HYPE price is up more than 26% on the weekly timeframe. Meanwhile, the cryptocurrency’s value has grown by roughly 115% so far in 2026, riding on the wave of surging volume and institutional validation of the Hyperliquid platform.
23 May 2026, 10:00
This Bitcoin Momentum Signal Preceded Last October’s Crash — Another Downturn Incoming?
After a steep downturn in early February, the Bitcoin price saw a significant turnaround over the following two months. While the month of May initially continued on this positive note, the premier cryptocurrency seems to have cooled off over the past week — aligning with BTC’s track record of not registering three consecutive months of positive price action during a bear-market year. Interestingly, recent on-chain observations suggest that trouble might be brewing for the Bitcoin price, at least in the near term. Could The Bears Take Over The Bitcoin Market Again? In a new post on the X platform, crypto analytics firm Bitcoin Vector explained that the current waning bullish momentum might be a more damning signal for Bitcoin than it is perceived to be. According to the market intelligence firm, BTC’s price momentum doesn’t have to turn deeply negative before investors pay attention. Related Reading: Bitcoin Price Breaks 14-Year Support For The First Time In History, Analyst Predicts $50,000 Target Bitcoin Vector highlighted that the Glassnode momentum indicator, which measures the speed and strength of price movements (in a specific direction) within a period, has witnessed a sharp downturn in recent days. The analytics platform noted that while the focus would be on the momentum turning negative, the +0.5 mark is the level to watch. According to Bitcoin Vector’s analysis, price momentum crossing below +0.5 is the first signal that the upward trend might be fading and sellers might be overtaking the market. The analytics firm revealed that the last two times the flagship cryptocurrency lost this critical level, the BTC price structure shifted. Those last two times include: October 2025, when the Bitcoin price suddenly crashed to just above $100,000, and February 2026, when the market leader fell to around $62,000. Bitcoin Vector noted that these moves were characterized by a weakened spot CVD (cumulative volume delta), a return of seller control, and a deteriorating price structure. Recent on-chain data show that price momentum remains above +0.5 — albeit at around +0.7. “But if it loses that level while Spot CVD keeps weakening, caution rises fast. That would be the first signal that deterioration is starting beneath the surface,” Bitcoin concluded. Ultimately, the world’s largest cryptocurrency seems to be at a critical juncture, with the waning price momentum potentially signaling what is to come over the next few weeks. Bitcoin Price At A Glance As of this writing, BTC is valued at around $75,950, reflecting an over 2% price decline in the past 24 hours. Related Reading: Bitcoin Upper Trendline Resistance Is Holding Price Back, Can It Push It Below $60,000? Analyst Answers Featured image from iStock, chart from TradingView
