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22 May 2026, 20:05
Cardano Founder Warns Research Labs Will Close If $46.8M Budget Proposal Fails
BitcoinWorld Cardano Founder Warns Research Labs Will Close If $46.8M Budget Proposal Fails Cardano founder Charles Hoskinson has issued a stark warning to the network’s community, stating that the failure of a critical governance budget vote would lead to the closure of the blockchain’s flagship development labs. The warning comes as a $46.8 million treasury proposal faces significant opposition and abstention from delegated representatives (DReps), leaving it well short of the required 67% approval threshold. Budget Vote Stalls Amid Governance Deadlock The budget proposal, submitted by Input Output (IO), the ecosystem’s primary development arm, is intended to fund research and infrastructure work for the Cardano network. According to Hoskinson, the funds are essential to retain the core developer team that has built the blockchain’s technology over the past decade. Without approval, he warned, the development labs would inevitably shut down, jeopardizing the network’s future capabilities. Hoskinson took to social media to emphasize that the situation is not about his personal involvement but about preserving the technological foundation of Cardano. He stressed that the budget is a necessary measure to protect the ecosystem’s long-term viability, regardless of leadership changes. What Is at Stake for Cardano The governance vote represents a pivotal moment for Cardano, which has prided itself on a decentralized decision-making process. The budget proposal is designed to fund ongoing development of core infrastructure, including scalability upgrades, smart contract improvements, and research into new consensus mechanisms. If rejected, the network could face a prolonged period of reduced development activity, potentially losing competitive ground to other blockchain platforms. The opposition and abstentions from DReps reflect a broader debate within the Cardano community about spending priorities and the role of Input Output. Some stakeholders have questioned the size of the budget and the transparency of its allocation, while others worry that rejecting the proposal could cripple the network’s progress. Broader Implications for Blockchain Governance The standoff in Cardano’s governance process highlights the challenges faced by decentralized networks in making collective financial decisions. Unlike traditional corporate structures, where budgets are approved by a board, blockchain projects rely on token holder votes, which can be slow, contentious, and vulnerable to low participation. The outcome of this vote could set a precedent for how other blockchain ecosystems handle treasury management and development funding. Conclusion As the deadline for the budget vote approaches, the Cardano community faces a critical choice: approve the $46.8 million proposal to sustain development or risk a significant slowdown in the network’s technological progress. The decision will test the resilience of Cardano’s governance model and its ability to balance decentralization with effective resource allocation. FAQs Q1: What is the $46.8 million budget proposal for Cardano? A1: The proposal is a treasury request from Input Output to fund research, infrastructure, and development work for the Cardano blockchain. It requires 67% approval from delegated representatives to pass. Q2: Why is Charles Hoskinson warning about lab closures? A2: Hoskinson stated that if the budget fails, Cardano will lose its core developer team, leading to the closure of its research and development labs. He emphasized that this would undermine the network’s technological foundation built over 10 years. Q3: What happens if the budget vote fails? A3: If the proposal does not reach the 67% approval quorum, Input Output may be forced to reduce or halt development activities. This could slow down network upgrades and affect Cardano’s competitiveness in the blockchain space. This post Cardano Founder Warns Research Labs Will Close If $46.8M Budget Proposal Fails first appeared on BitcoinWorld .
22 May 2026, 20:04
Why Did Harvard Dump Its Entire $87M Ethereum ETF After 3 Months?
Harvard Management Company has sold its entire $87 million position in BlackRock’s iShares Ethereum ETF during the first quarter of 2026, according to its latest 13F filing with the U.S. Securities and Exchange Commission. The move ended a short-lived exposure to Ethereum through an exchange-traded product that had been opened in the fourth quarter of 2025. The filing shows that Harvard exited the Ethereum ETF position during a weak period for the broader crypto market. Ethereum fell sharply in early 2026, reaching the $1,800 area in February as investors reduced exposure to risk assets. ETH has also remained under pressure in recent weeks, declining over the past month as sentiment toward the asset weakened. Harvard did not provide a public explanation for the sale in the filing. The move may reflect portfolio rebalancing, risk management, or a decision to reduce exposure after Ethereum’s price decline. The transaction involved ETF shares rather than Ethereum held directly onchain, meaning the sale did not represent a direct transfer of ETH from Harvard-controlled crypto wallets. Harvard Cuts Ethereum ETF Exposure Harvard Management Company manages Harvard University’s endowment fund and regularly reports certain public holdings through quarterly 13F filings. The latest filing showed a full exit from the Ethereum ETF position only one quarter after it appeared in the portfolio. The sale came as Ethereum ETF demand weakened across the market. Spot Ethereum ETFs recorded total net outflows of $32.57 million in the latest data cited, extending their outflow streak to nine days. A strong inflow day above $50 million, once more common for the category, has not been recorded for several weeks. The Ethereum ETF exit was not Harvard’s only portfolio change. The endowment also reduced exposure to gold, Nvidia, TSMC and Broadcom. It also cut part of its Bitcoin ETF position, selling 2.3 million shares of BlackRock’s iShares Bitcoin Trust. Despite that reduction, Harvard still held about $117 million in Bitcoin ETF exposure. Harvard’s Bitcoin ETF position had previously reached about $442 million in the third quarter of 2025. The remaining position shows the endowment did not fully exit crypto-linked ETF exposure, even as it sold all of its Ethereum ETF shares. Ethereum Sentiment Weakens in May Ethereum’s market performance has weighed on investor sentiment. ETH has declined over several time frames, including the past week, the past two weeks, and the past month. According to data, ETH is down about 10% over the previous month. Social data has also reflected a weaker mood among traders. Ethereum discussion has risen while the price has fallen, suggesting that attention has shifted toward frustration and concern rather than price strength. A decline in the ratio of bullish to bearish comments has shown that optimism around ETH has narrowed. The ETF outflow trend has added to that pressure. Traders often use fund flows as a signal of institutional demand, even though ETF flows can lag price action. Persistent outflows may reinforce negative market views when prices are already falling. Source: Santiment Ethereum has also faced other sources of concern, including weaker onchain activity compared with prior cycle highs. Daily active addresses and network growth have cooled from the stronger levels seen in 2024 and 2025. Lower participation can affect how traders assess demand for ETH. Bitcoin ETFs Still Attract Large Buyers Harvard’s Ethereum ETF sale occurred while other large investors continued adding Bitcoin exposure. Abu Dhabi’s Mubadala reportedly raised its Bitcoin holdings to $566 million after six straight quarters of buying. JPMorgan also increased its IBIT position by 174%, according to the data cited. This contrast has drawn attention because some institutions appear to favor Bitcoin ETFs over Ethereum ETFs during the current market phase. Bitcoin has retained stronger institutional demand, while Ethereum has faced more pressure from ETF outflows and weaker relative performance. Ethereum remains one of the largest developer ecosystems in crypto. Network development activity continues across infrastructure, scaling, and applications. However, retail and institutional attention has shifted more toward price performance, fund flows, and competing ecosystems such as Solana and BNB Chain. Harvard’s exit does not confirm a permanent view on Ethereum. The filing only shows that the endowment no longer held the ETHA position at the end of the first quarter. It remains unclear whether Harvard plans to re-enter Ethereum ETF exposure later.
22 May 2026, 20:02
XRP 4HR Liquidity Hitmap. Here’s What It Means to Price Rally
Crypto analyst Cryptoinsightuk (@Cryptoinsightuk) has shared a new 4-hour liquidity chart for XRP as price action tightens near a major support cluster. The chart shows XRP trading around $1.36 while liquidity bands stack heavily above current levels. The setup points to growing pressure as traders watch for a decisive breakout. The chart mapped liquidity concentrations across several price zones. It also highlights where large orders may sit in the market. $XRP 4HR liquidity pic.twitter.com/EJp0AeEwMu — Cryptoinsightuk (@Cryptoinsightuk) May 21, 2026 Liquidity Clusters Show Major Resistance Levels The chart displays thick liquidity zones between $1.60 and $1.90. Another dense area appears between $2.40 and $2.80. These regions stand out in yellow and red bands, which often signal heavy resting liquidity or strong trader positioning. XRP repeatedly moved toward those zones earlier in the year before pulling back. XRP surged near the start of 2026 , then corrected sharply into February. Since then, the asset has traded in a compressed range while building support above the $1.20 area. The liquidity map suggests market makers may still target higher zones if momentum strengthens. Large liquidity pockets often draw the price because they contain stop orders, leveraged positions, and concentrated trading activity. The current structure also shows liquidity thinning around the immediate trading range. That can increase volatility once XRP breaks out of consolidation. XRP Builds Support Above Key Area The lower section of the chart reveals strong support forming near $1.20. XRP tested this region multiple times during the consolidation phase . Buyers consistently stepped in after each dip. That behavior matters because it creates a stable base while higher liquidity remains untouched above the current price. The chart also shows XRP gradually printing higher lows since February despite several pullbacks. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Trading activity remains concentrated near the current price zone, showing that XRP continues to build support while traders position for a breakout. The largest concentration sits near mid-$1 region, which may act as an equilibrium level before the next expansion phase . What Traders Should Watch Next If XRP pushes above the $1.60 liquidity cluster, the chart suggests the price could move quickly toward the heavier zones near $1.80 and $2.40. Liquidity gaps between these regions may allow faster movement once the resistance is broken . The chart also shows historical reactions near those levels. XRP was previously rejected from the upper bands during earlier rallies. Traders will likely monitor whether buyers absorb sell pressure differently this time. 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 XRP 4HR Liquidity Hitmap. Here’s What It Means to Price Rally appeared first on Times Tabloid .
22 May 2026, 20:02
Ethereum Layer 2 Zero Network Pulls the Plug After Just 1.5 Years
After operating for around 1.5 years, the Ethereum Layer 2 project Zero Network announced that it is shutting down its standalone chain and pivoting toward expanding the Zerion API and wallet products. The team said the network was originally launched with the belief that gas fees remained one of the biggest barriers to mainstream crypto adoption, according to a statement shared on X. Full Shutdown Timeline Zero Network described itself as the first fully gasless, EVM-compatible rollup, which offered zero gas fees for Zerion wallet users through an open paymaster system. However, after running the network, the team said it concluded that maintaining a separate chain was no longer the best way to pursue that goal. It plans to direct its resources toward products already being used daily by its customers. As part of the wind-down process, the project urged all users holding ETH, tokens, or NFTs on Zero Network to bridge their assets out before July 31, 2026. The team asserted that all funds remain safe and fully accessible, and instructed users to move assets either to the Ethereum mainnet or another preferred chain before the deadline. According to the announcement, bridging into Zero Network has already been disabled, while bridging out will remain available until July 31. After that date, the network will be completely shut down, and block production will stop. The team also thanked early users, builders, and partner projects that supported the ecosystem from its launch, including Matter Labs, Caldera, Relay Protocol, and Highlight. Zero Network added, “The vision we set out to build hasn’t changed. How we deliver it is evolving. The team, the talent, and everything we learned from ZERϴ is being channeled into building the best wallet and data API experience in crypto, across every chain.” Crypto Closures A number of crypto companies announced shutdowns this week. Syndicate Labs, an Ethereum infrastructure startup backed by Andreessen Horowitz, said it was closing down after operating for five years. The company explained that it had focused on building tools to help developers create and scale on-chain applications, but added that the rollup sector had changed significantly over time. The firm stated that EVM rollups are no longer widely treated as the default industry approach. Syndicate Labs said it spent years trying to support the expansion of on-chain apps and wished the results had turned out differently. Meanwhile, crypto trading card platform Fantasy.top said it would shut down in June after two years because trading activity was not large enough to support long-term operations. The company reportedly experimented with other products, including prediction markets, but failed to find market demand. Pantera-backed cross-chain infrastructure firm Everclear also announced it was pulling the plug on Everclear Foundation and Everclear Labs, after the business failed to generate sustainable revenue or sufficient commercial traction. The post Ethereum Layer 2 Zero Network Pulls the Plug After Just 1.5 Years appeared first on CryptoPotato .
22 May 2026, 20:00
Bitcoin Slips Below $76,000 as Selling Pressure Intensifies
BitcoinWorld Bitcoin Slips Below $76,000 as Selling Pressure Intensifies Bitcoin extended its recent decline on [Date], briefly slipping below the $76,000 mark for the first time in several weeks. Data from Binance’s USDT market shows BTC trading at $75,863.99 at the time of reporting, reflecting a notable increase in selling pressure across major exchanges. Market Context and Recent Performance The drop below $76,000 represents a significant psychological breach for traders, who have been closely watching this level as a key support zone. Over the past 48 hours, Bitcoin has shed approximately [X]% of its value, driven by a combination of profit-taking, macroeconomic uncertainty, and reduced risk appetite in the broader crypto market. Analysts note that trading volumes have spiked during this move, suggesting active institutional and retail participation in the sell-off. Key Support and Resistance Levels With BTC now trading below $76,000, market participants are turning their attention to the next major support level near $74,500, a zone that has historically attracted buying interest. On the upside, resistance is now expected around $77,500, where sellers previously stepped in. The failure to hold above $76,000 could signal a short-term trend shift, though the broader market structure remains intact above the $70,000 range. What This Means for Investors For long-term holders, this pullback may represent a buying opportunity, but short-term traders are exercising caution. The current decline is part of a wider correction that has affected major altcoins as well, with Ethereum and Solana also posting losses. Regulatory headlines and global economic data releases this week are expected to influence further price action. Conclusion Bitcoin’s fall below $76,000 underscores the persistent volatility in cryptocurrency markets. While the move has triggered stop-losses and short-term bearish sentiment, the asset remains within a longer-term uptrend. Investors are advised to monitor volume patterns and macroeconomic triggers in the coming sessions for clearer directional cues. FAQs Q1: Why did Bitcoin drop below $76,000? The decline is attributed to a combination of profit-taking, broader market risk-off sentiment, and technical selling after key support levels were broken. No single catalyst has been identified, but the move reflects increased selling pressure across exchanges. Q2: Is this a good time to buy Bitcoin? Market timing is inherently uncertain. Some analysts view the drop as a healthy correction within a bull market, while others advise waiting for confirmation of support before entering new positions. Investors should assess their own risk tolerance and time horizon. Q3: What are the next key price levels for Bitcoin? The next major support is near $74,500, with stronger support at $72,000. On the upside, resistance is at $77,500 and then $80,000. These levels are based on recent trading activity and historical order book data. This post Bitcoin Slips Below $76,000 as Selling Pressure Intensifies first appeared on BitcoinWorld .
22 May 2026, 20:00
XRP Whales are Accumulating SurgeXRP’s Token as the XRPL Real Estate Marketplace Fills 10% Of Softcap in Hours
As the XRP ecosystem rapidly expands into real-world asset ( RWA) tokenization, one project is beginning to attract growing attention across XRPL communities: SurgeXRP. The XRPL-native platform, focused on bringing rental real estate on-chain, has seen strong early participation around its ongoing $SGP token presale as XRP holders position for what many believe could become
