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19 May 2026, 21:48

Solana struggles near $85 as whales sell $137 million

🟩 Solana whales have sold over $137 million in SOL. Price is hovering near $85, struggling to break resistance. Continue Reading: Solana struggles near $85 as whales sell $137 million The post Solana struggles near $85 as whales sell $137 million appeared first on COINTURK NEWS .

19 May 2026, 21:40

Coinbase Adds META and DRV to Its Listing Roadmap

BitcoinWorld Coinbase Adds META and DRV to Its Listing Roadmap Coinbase, one of the largest cryptocurrency exchanges in the United States, has added two new digital assets—META and DRV—to its official listing roadmap. The announcement, made via the company’s public roadmap page, signals that the exchange is evaluating these tokens for potential trading support in the near future. What the Listing Roadmap Means Coinbase’s listing roadmap is a transparency tool that allows the exchange to publicly disclose which assets it is actively reviewing for potential listing. This approach, introduced in 2022, aims to reduce speculation and provide traders with early visibility into the exchange’s evaluation process. Inclusion on the roadmap does not guarantee a listing, but it indicates that the asset has passed initial due diligence and is under active consideration. Understanding META and DRV META is a token associated with the Metaverse ecosystem, focusing on virtual reality and digital asset integration. DRV, on the other hand, is a token linked to decentralized finance (DeFi) protocols, particularly those involving derivatives and risk management. Both tokens have seen increased trading volume and community interest in recent months, making them natural candidates for a major exchange like Coinbase. Why This Matters for Traders For cryptocurrency traders and investors, a Coinbase listing often brings increased liquidity, price discovery, and mainstream credibility to a token. Historically, assets added to the roadmap have seen price volatility as the market reacts to the potential for wider accessibility. However, Coinbase emphasizes that the roadmap is not a guarantee, and assets can be removed if they fail to meet listing standards. Conclusion The addition of META and DRV to Coinbase’s listing roadmap is a significant development for both projects and the broader crypto market. While no timeline has been provided for a final decision, the move signals continued interest from institutional-grade exchanges in expanding their offerings within the metaverse and DeFi sectors. Traders should monitor Coinbase’s official communications for further updates. FAQs Q1: Does being on the Coinbase roadmap guarantee a listing? No. Inclusion on the roadmap means the asset is under active review, but Coinbase may decide not to list it if it fails to meet the exchange’s listing standards. Q2: How long does it take for an asset to move from the roadmap to a full listing? There is no fixed timeline. The review process can take weeks or months, depending on the complexity of the asset and regulatory considerations. Q3: What happens to META and DRV if they are not listed? If Coinbase decides not to list them, the tokens will be removed from the roadmap. They may still trade on other exchanges, but they would not benefit from Coinbase’s liquidity and user base. This post Coinbase Adds META and DRV to Its Listing Roadmap first appeared on BitcoinWorld .

19 May 2026, 21:31

US Dollar Surges on Strong ADP Jobs Data and Trump’s Renewed Iran Rhetoric

BitcoinWorld US Dollar Surges on Strong ADP Jobs Data and Trump’s Renewed Iran Rhetoric The US Dollar strengthened broadly during Wednesday’s trading session, driven by a combination of robust labor market data and heightened geopolitical rhetoric from former President Donald Trump regarding Iran. The currency’s rally reflects a market recalibrating expectations for Federal Reserve policy while pricing in a potential risk premium tied to Middle East tensions. ADP Employment Data Exceeds Expectations The ADP National Employment Report showed that private sector payrolls increased by 192,000 in March, comfortably above the consensus estimate of 148,000. The data, often viewed as a precursor to the official nonfarm payrolls report, suggests the labor market remains resilient despite elevated interest rates. This has reduced expectations for near-term rate cuts by the Federal Reserve, providing a significant tailwind for the greenback. Market-implied probabilities for a rate cut at the Fed’s May meeting fell sharply following the release, with traders now pricing in a greater chance of rates remaining on hold. The dollar index (DXY) climbed above the 104.50 level, its highest in two weeks, as short-term Treasury yields rose in sympathy with the stronger employment data. Trump’s Iran Remarks Add Geopolitical Premium Adding to the dollar’s momentum, former President Trump made a series of pointed remarks regarding Iran’s nuclear program and regional activities during a campaign event in Ohio. While the statements did not outline specific policy actions, they reintroduced uncertainty around US-Iran relations, which had been relatively quiet in recent months. Geopolitical risk often benefits the US Dollar due to its status as a global safe-haven currency. Traders moved to reduce exposure to risk-sensitive currencies like the Australian and New Zealand dollars, while the Japanese yen and Swiss franc also saw mixed demand. The euro and British pound both retreated against the greenback, with EUR/USD slipping below 1.0800. Market Implications for Forex Traders The dual catalysts — strong data and geopolitical headlines — create a complex environment for currency traders. The dollar’s rally may have further room to run if Friday’s nonfarm payrolls report confirms the strength seen in the ADP data. However, any de-escalation in rhetoric regarding Iran could quickly unwind the geopolitical premium. Emerging market currencies are particularly vulnerable in this environment, as a stronger dollar and higher US yields tend to draw capital away from riskier assets. The Mexican peso and South African rand were among the worst performers against the dollar on Wednesday. Conclusion The US Dollar’s rally reflects a market reacting to tangible economic strength and renewed geopolitical uncertainty. Traders should monitor the upcoming nonfarm payrolls release and any further statements from political figures regarding Iran. The combination of these factors suggests continued volatility in major currency pairs, with the dollar maintaining a bullish bias in the near term. FAQs Q1: What is the ADP employment report and why does it matter for forex? The ADP National Employment Report measures changes in private sector payrolls in the US. It is closely watched by forex traders as a leading indicator for the official nonfarm payrolls report and can influence expectations for Federal Reserve monetary policy, which directly impacts currency values. Q2: How do geopolitical tensions affect the US Dollar? The US Dollar is considered a safe-haven currency. During periods of geopolitical uncertainty or conflict, global investors often buy dollars as a store of value, leading to an appreciation of the currency against riskier counterparts. Q3: What is the relationship between interest rate expectations and the dollar? Higher interest rates or expectations of future rate hikes make holding US Dollar-denominated assets more attractive to foreign investors, increasing demand for the currency. Conversely, expectations of rate cuts tend to weaken the dollar. This post US Dollar Surges on Strong ADP Jobs Data and Trump’s Renewed Iran Rhetoric first appeared on BitcoinWorld .

19 May 2026, 21:30

Solana Strengthens RWA Presence With Explosive Growth In Value

Despite its consistent downside price action, the Solana network remains unshaken, with activity continuing to grow significantly. One of the areas the SOL network is currently seeing massive growth again is its Real-World Asset (RWA) ecosystem. RWA Value On The Solana Network Climbs Sharply Solana is gaining the community’s attention once again, even with its price pulling back to the $85 mark. Underneath its sideways price action over the past few weeks, the SOL network is rapidly expanding its footprint in the Real World Asset sector. As tokenization gains major traction in the crypto space, the value of tokenized assets on the SOL network has seen explosive growth. A recent report from Solana’s official page on the X platform reveals that its RWA value has surged to over $2.8 billion, representing a new all-time high. This figure marks yet another major milestone for the leading network, reinforcing its position in the blockchain sector. The rapid expansion demonstrates the growing interest in bringing conventional financial products such as treasuries and other yield-bearing assets to the blockchain. SOL attracting this kind of massive value in RWA is largely due to its fast transaction speed and lower costs. As institutional and developer activity around RWAs accelerates, this figure is expected to expand in the future. SOL Perp Volume Is Trending At Its Highest Level Yet In other areas, such as Perpetual (Perp) futures volume, the Solana network is also witnessing substantial growth. David Alexander, an on-chain data expert, reported that SOL’s perp volume has climbed sharply, opening the week at an all-time high. Such development has led to a significant rise in trader engagement and speculative activity, with derivatives markets becoming more active in response to SOL’s price fluctuations. According to the data, the network is now handling about $20 billion in total perp volume, coming second only to Hyperliquid (HYPE) , which currently handles over $42 billion. However, open interest across Solana perps is valued at just $223 million compared to the $9 billion of Hyperliquid. Alexander highlighted that the majority of SOL’s perp volume was led by GMTrade, a leading RWA perp DEX, with $16 billion. Others include Pacifica and Jupiter Exchange, scooping up $2.9 billion and $1.3 billion, respectively. This milestone comes just a few days after Solana perp volume saw its highest daily perp volume, recording over $4.7 billion in a single day, representing a +500% MoM. At the time of the achievement, SOL accounted for 21% of all perp activity , still only behind Hyperliquid’s 36%. In times of increased volatility and velocity like the current market state, rising perp volume is sometimes seen as an indication of increasing market interest and liquidity. At the time of writing, SOL’s price was trading at $85, demonstrating a 0.41% increase over the last 24 hours. Its trading volume has also slightly risen by over 1.61% within the same time frame.

19 May 2026, 21:21

MSBT: There's A New Kid On The Block

Summary The Bitcoin ETF concept is explored, focusing on its potential impact on cryptocurrency markets. The article discusses the structure and appeal of cryptocurrency ETFs for investors seeking exposure. Key considerations include the regulatory environment, liquidity, and tracking accuracy of Bitcoin ETFs. The investment thesis centers on ETFs as a bridge between traditional finance and digital assets. It's important for all investors to seek out the ETFs, mutual funds, or other investment vehicles that provide them with the best value, without sacrificing other elements like transparency, scale, and reputation. On April 8, 2026, Morgan Stanley became the first major U.S. bank to launch their own Bitcoin spot ETF, Morgan Stanley Bitcoin Trust ( MSBT ), which may offer investors the best deal on the market in regard to direct Bitcoin exposure. This ETF stores its Bitcoin in institutional-grade custody, with Coinbase Custody Trust Company, LLC serving as the custodian and prime broker. Now over a month old, we have had the chance to see what this ETF can do. It has increased in value by over 12% during its first month and is currently up 7.72% since its launch at the time of this writing. It appears to be delivering on its objective, which is to " track the performance of bitcoin, as measured by the CoinDesk Bitcoin Benchmark Rate (the Pricing Benchmark), adjusted for the Trust's expenses and other liabilities." This benchmark is calculated based on an aggregation of executed trade flow from major Bitcoin spot exchanges. And it's doing so at no cost, without any fees. There will be no fee at all on the first $5 billion for the first six months (after the April 8th launch). Currently, their assets under management total $233 million and are growing but are still far below the $5 billion limit that would trigger an expense ratio to begin. We have five more months of zero expenses on this product. After the first six months, the long-term expense ratio is expected to be 0.14% , which would be the lowest expense ratio of any spot Bitcoin ETF on the market. When a competitor offers the same or a similar deal for a lower price, that has to be worthy of consideration. Competitors that charge a higher expense ratio need not be ruled out, but it's important to understand what benefit you are getting by paying a higher expense ratio. Sometimes that benefit is simply the brand and reputation of the company, the size and scale of the ETF, the liquidity, and/or the level of transparency disclosed in the product or service. Current investors in and providers of ETFs utilizing Bitcoin spot, such as BlackRock, Inc. (BLK) through the iShares Bitcoin Trust ETF ( IBIT ), Fidelity through the Fidelity Wise Origin Bitcoin Fund ETF ( FBTC ), Vaneck through the VanEck Bitcoin ETF ( HODL ), and the Grayscale Bitcoin Trust ( GBTC ) as well as the Grayscale Bitcoin Mini Trust ( BTC ), may want to consider diversifying, changing current investments, or at least directing new investments to MSBT in order to take advantage of the cost savings on the expense ratio. The largest Bitcoin ETFs, IBIT and FBTC, have an expense ratio of 0.25%. MSBT's closest competition (in terms of providing a low expense ratio) would be Grayscale's Bitcoin Mini Trust, BTC ETF, charging 0.15%. While it may not sound like much of a difference, every little bit may add up over time. Those who invest directly in Bitcoin ( BTC-USD ) itself (as opposed to an ETF) may also want to consider MSBT as an option, as investing in Bitcoin directly, in just about any platform, always comes with some sort of expense, whether it be through transaction fees or bid-ask spreads. Forward-Looking View: Bullish Given higher-peer expense ratios and Morgan Stanley's size, scale, and reputation as a company, along with current trends in the Bitcoin and Crypto industry marking increased adoption worldwide, it is my view that MSBT will retain and grow its assets over the long term. My recommendation is to buy and hold MSBT over the next several years. It is a new and very valuable tool for tracking Bitcoin's returns at an unmatched cost savings. It might even be the beginning of a whole new trend in the banking industry that changes the scope and demand for Bitcoin going forward. Due to high-net-worth demand, it's very likely that even small allocation percentages from Morgan Stanley wealth management could generate billions in assets under management for MSBT. More Than Just One New Financial Product: A Very Loud Signal of Change and Acceptance: The launch of MSBT may indicate a firm-wide view that digital assets are a permanent part, and increasingly growing part, of the investment landscape. This move by Morgan Stanley may actually represent a major turning point in how Wall Street and the Banking industry view Bitcoin, being the first bank to do this (although technically, SoFi Technologies, Inc. (SOFI), through SoFi Bank, was the first to allow crypto trading, Morgan Stanley is the first to offer this in the form of an ETF with a built-in-house product.) For the first decade of Bitcoin's existence, the relationship between Wall Street and Bitcoin was largely "one of skepticism, mockery, or outright hostility." That relationship has changed to one where Bitcoin is taken far more seriously and considered to be much more mainstream, even by the most regulated entities in the financial system. When an asset manager like BlackRock launches a Bitcoin ETF, they're saying they believe there's client demand for the product and are seeking to capitalize on a share of that demand. However, when a major commercial U.S. bank like Morgan Stanley does this, "they're saying something additional and more profound." Given how tightly regulated the commercial banks are, when they launch Bitcoin ETFs, they're saying that they're comfortable enough with Bitcoin as an asset class to put their credibility, reputation, institutional brand, and regulatory relationships on the line to support it. That's a major sign of confidence in Bitcoin. With Morgan Stanley being the first major U.S. bank to do this, it may open the door to many more banks following suit. This may very well create competitive pressure for every major commercial U.S. bank to offer something similar or risk losing clients. MSBT has proven that there is clear, organic, client-driven demand for this product, as it generated $233 million in AUM before Morgan Stanley's 16,000 financial advisors were even cleared to recommend it. Risks and Concerns to Consider Being this new and this small, MSBT is still at a relatively low trading volume, at least for the moment, potentially creating a slightly wider bid-ask spread than your typical Bitcoin spot ETF. This could potentially cost investors more than what they might save in expense ratios. However, Morgan Stanley is a very large company, valued at over $300 billion; they are larger than BlackRock in market valuation (despite having fewer assets under management than BlackRock). I expect that this trading volume will improve over time with a company of this size and scale. Although it may struggle to grow at the same speed and pace as IBIT and FBTC did, due to the lack of first-mover advantage. Another risk to consider is that, while all the major Bitcoin spot ETFs should have nearly identical performance, there will still be small differences. In the first month of MSBT's existence (April 8th to May 8th, 2026), IBIT outperformed MSBT (12.44% to 12.41%). But MSBT can also outperform over some timeframes, as it did from May 1st to May 8th (2.27% to 2.20%) and from launch to present (7.72% to 7.69%). So there will be small variations in performance that may or may not take away the cost savings from MSBT's lower expense ratio. Taxes: If selling one Bitcoin ETF to buy another (in a regular, non-retirement brokerage account), it would implicate owing more in capital gains taxes; that may be a reason to leave current investments in place while perhaps exploring new options for future investments with new income coming in. Regulation: Banks are placed under a much higher level of scrutiny than just regular asset managers. While I tend to view this as a good thing, as it ensures transparency, integrity, and client protection, I also recognize that satisfying regulatory policies, under increased scrutiny, can also make it harder for banks to offer innovative and practical investment vehicles to their clients. And there's also the risk with Bitcoin's performance in general, being a very volatile asset (although the main focus of this article is comparing MSBT to other direct Bitcoin investment alternatives). MSBT and the Near Future of Bitcoin I do believe that Bitcoin has a lot of tailwinds going for it, such as the pending legislation of the Crypto Clarity Act, which many ETF managers have said could " expedite the institutional adoption of crypto investing. " While I am very bullish on Bitcoin in general, I do recognize that volatility can be quite high, as it has suffered a 50% correction recently (from a high of $126,000 to a low of $60,000). I expect potentially a lot of short-term volatility, which shouldn't raise that much alarm, as this is how Bitcoin tends to behave sometimes. Regarding the near future, I believe a lot of attention will be given to the Crypto Clarity Act, which has recently passed Senate markup, advancing out of the Senate Banking Committee with bipartisan support. While timeline estimates vary, it is expected that it may be brought to a Senate floor vote sometime in mid-to-late June, reconciled with the House of Representatives in July, and, with any luck, be signed into law in early August. Regardless of short-term volatility that may persist during this process, I believe the Clarity Act will provide very bullish news for Bitcoin and propel MSBT to much higher levels over the next few years. It serves as a very positive catalyst that will bring stronger institutional inflows, remove regulatory risk premiums, expand custody and integration, and supercharge ETF demand. Institutional demand will be much higher when the rules and regulations are spelled out more clearly, and this will be a giant net positive for the industry as a whole. MSBT should see solid gains as a direct result of the Clarity Act passing. I'm not certain of the timing; when, at what point during this process, or even after this process is over, will those gains start to take place? But I do believe significant Bitcoin gains will result from this process, nonetheless. Summary Perhaps the biggest advantage IBIT has over MSBT is its current size and scale, largely stemming from its first-mover advantage. Some analysts predict that MSBT may actually overtake and surpass IBIT in market share someday. That may happen, although I'm skeptical of that being the case. If that does happen, it won't be for many years. On the contrary, other big names in the Bitcoin investing community seem to view that IBIT will remain the most dominant ETF in the space. It's nice to have a new product that offers something we haven't quite seen before. A 0.14% long-term expense ratio is certainly appealing and helpful to low-cost investors. A temporary 0% expense ratio is also a nice bonus to that. But concerns remain over MSBT's ability to scale at a high level, and some investors may view IBIT and FBTC as safer vehicles to park their funds. While I am not necessarily recommending Bitcoin investors to place 100% of their Bitcoin holdings into MSBT, I do believe MSBT should hold a place, among other Bitcoin ETFs, in a diversified portfolio.

19 May 2026, 21:15

Michael Terpin Sees 50% Chance Bitcoin Bottom Between $48K and $57K This October

BitcoinWorld Michael Terpin Sees 50% Chance Bitcoin Bottom Between $48K and $57K This October Michael Terpin, an early Bitcoin investor often referred to as the “godfather of cryptocurrency,” has outlined a price scenario that places Bitcoin’s next market bottom between $48,000 and $57,000, with a 50% probability of occurring this October. His analysis, shared in a recent interview, suggests that the current market dynamics differ from previous cycles due to structural buying pressure from institutional players. Key Factors Behind the Prediction Terpin pointed to sustained accumulation by Strategy (formerly MicroStrategy, ticker STRC) and the continued inflow from spot Bitcoin exchange-traded funds (ETFs) as key reasons why the downside is limited. He assessed that a drop below $40,000 is unlikely given these institutional supports. “The floor has been raised significantly,” Terpin said, emphasizing that the market’s foundation is now broader than in prior bear phases. Retail Liquidation, Not Whales, Driving Selling Pressure Contrary to some market narratives, Terpin identified the primary source of current selling pressure as retail traders being forced to liquidate leveraged positions, rather than large-scale whale distributions. This distinction, he argued, suggests a more contained and less systemic sell-off compared to previous downturns. The forced liquidations, while painful for individual traders, do not indicate a loss of confidence among long-term holders or institutional allocators. Broader Market Risks: AI and Smart Contracts While Terpin dismissed quantum computing as an immediate threat to Bitcoin’s cryptographic security, he raised a more near-term concern regarding artificial intelligence. He warned that advanced AI models could potentially identify and exploit vulnerabilities in major Ethereum-based smart contracts, leading to a cascading failure similar to the FTX collapse. Such an event, he suggested, could occur within the current market cycle, posing a systemic risk to decentralized finance (DeFi) platforms. Long-Term Outlook Remains Bullish Despite the near-term bearish scenario, Terpin reaffirmed his long-standing forecast that Bitcoin will reach $1 million by 2033. This projection is based on adoption curves, monetary inflation trends, and Bitcoin’s fixed supply. The current pullback, in his view, represents a buying opportunity for investors with a multi-year horizon, provided they can withstand potential volatility in the interim. Conclusion Terpin’s analysis offers a measured perspective on Bitcoin’s near-term trajectory, balancing institutional support against retail-driven volatility. His warning about AI-related risks to Ethereum adds a layer of complexity for diversified crypto holders. For now, the $48,000 to $57,000 range stands as a key zone for traders and investors monitoring the market’s next major move. FAQs Q1: What is Michael Terpin’s Bitcoin bottom prediction for October? He sees a 50% probability that Bitcoin will bottom between $48,000 and $57,000 this October, with a drop below $40,000 considered unlikely. Q2: Why does Terpin think Bitcoin won’t fall below $40,000? He cites sustained buying pressure from Strategy (STRC) and spot Bitcoin ETFs, which have raised the market floor compared to previous cycles. Q3: What risk did Terpin highlight for Ethereum? He warned that advanced AI models could disable major Ethereum smart contracts, potentially triggering an FTX-like crisis within the current market cycle. This post Michael Terpin Sees 50% Chance Bitcoin Bottom Between $48K and $57K This October first appeared on BitcoinWorld .