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26 May 2026, 13:46

ETH faces $1,800 risk after 55 percent TVL plunge

🚨 ETH may drop to $1,800 as TVL plunges 55 percent. Bear pennant signals more losses for $ETH in the short term. Continue Reading: ETH faces $1,800 risk after 55 percent TVL plunge The post ETH faces $1,800 risk after 55 percent TVL plunge appeared first on COINTURK NEWS .

26 May 2026, 13:45

'This Is Why Native Features Matter': Ripple Engineer Explains XRP Ledger Security Edge

XRP Ledger decade-old security design gains fresh attention.

26 May 2026, 13:40

Anonymous User Burns 107 BTC Worth $8.2 Million in Five Transactions

BitcoinWorld Anonymous User Burns 107 BTC Worth $8.2 Million in Five Transactions In a striking event that has captured the attention of the cryptocurrency community, an anonymous user has permanently removed 107 Bitcoin (BTC) from circulation. The coins, valued at approximately $8.2 million at the time of the transaction, were sent to a known burn address across five separate transfers. This action effectively destroys the digital assets, as the receiving address is mathematically unspendable, lacking any known private key. The Mechanics of a Bitcoin Burn The address in question, 1111111111111111111114oLvT2 , is a well-known ‘burn address’ within the Bitcoin network. It is a vanity address that was intentionally created without a corresponding private key. Any Bitcoin sent to this address is considered provably unspendable and is permanently removed from the circulating supply. The act, often referred to as ‘burning,’ is a transparent and irreversible process recorded on the blockchain for anyone to verify. The five transactions, reported by Wu Blockchain, underscore the deliberate nature of the event, suggesting a planned action rather than a simple mistake. Implications for Bitcoin’s Supply and Market While the burning of 107 BTC is a significant amount, representing a substantial financial loss for the sender, its impact on the overall Bitcoin market is minimal. Bitcoin’s total circulating supply is approximately 19.6 million coins, with a capped maximum of 21 million. The removal of 107 coins represents a reduction of roughly 0.0005% of the total supply. However, such events are symbolically important within the Bitcoin ecosystem. They reinforce the principle of digital scarcity, a core tenet of Bitcoin’s value proposition. For some, burning Bitcoin is a form of protest, a charitable donation to the network by increasing the scarcity of all remaining coins, or simply a statement of conviction. Why Would Someone Burn Millions of Dollars? The motivations behind such a drastic action are a matter of speculation. While the sender’s identity and purpose remain unknown, several theories exist within the community. It could be a high-stakes publicity stunt, a way to permanently divest from Bitcoin without selling on an exchange, or an attempt to signal extreme long-term confidence in the asset by reducing its supply. Some view it as a ‘proof of burn’ mechanism, a concept used in some blockchain projects to validate transactions or demonstrate commitment. Without further information from the sender, the true reason remains a mystery, adding to the lore and unpredictability of the cryptocurrency space. Conclusion The burning of 107 BTC is a dramatic, verifiable event that highlights the unique properties of blockchain technology: transparency, irreversibility, and provable scarcity. While the immediate market effect is negligible, the act serves as a powerful reminder of Bitcoin’s fixed supply and the radical financial sovereignty it offers its users. The story will likely be discussed for its symbolic weight rather than its economic impact, contributing to the ongoing narrative of Bitcoin as a store of value in the digital age. FAQs Q1: What is a Bitcoin burn address? A Bitcoin burn address is a wallet address that has no known private key. Because the private key is unrecoverable, any Bitcoin sent to this address can never be accessed or spent, effectively removing it from circulation forever. Q2: Does burning Bitcoin affect its price? While burning a large amount of Bitcoin reduces the total supply, the impact on price is typically minimal unless a very large percentage of the circulating supply is destroyed. The price is more heavily influenced by trading volume, market sentiment, and macroeconomic factors. Q3: Is burning Bitcoin a common practice? No, burning large amounts of Bitcoin is rare due to the high financial cost. Smaller burns or ‘dust’ transactions are more common, but destroying millions of dollars worth of the asset is an unusual and newsworthy event. This post Anonymous User Burns 107 BTC Worth $8.2 Million in Five Transactions first appeared on BitcoinWorld .

26 May 2026, 13:30

Bearish Pressure On Shiba Inu May Be Nearing Completion, Weekly Chart Suggests

Open interest in Shiba Inu climbed 2.1% over the past 24 hours even as spot trading volume fell 18%, sending conflicting signals about where the token is headed next. Related Reading: History Shows Bitcoin ETF Outflows Favor Accumulation, Says Santiment What The Chart Is Showing SHIB is currently trading around $0.0000056, near its historic lows, after dropping 10% in the past seven days. That decline brought the token back down to a key support zone around $0.0000055 — a level that has cushioned price drops since the coin’s early days in 2021. Despite repeated tests, sellers have not managed to push the price into a sustained breakdown below that area. The broader chart structure is a contracting descending triangle that has kept a lid on SHIB since its 2021 peak. Each time the token tried to recover, it ran into the triangle’s falling upper resistance line and got turned back. That pattern has been in place for years, and it remains the dominant force on the weekly chart. A Wave Pattern Points To A Possible Turning Point Analyst Aurex Finance, writing on TradingView, outlined a completed three-wave corrective structure that may signal the end of SHIB’s long decline. The first wave took the price from a March 2024 high of $0.000045 down to $0.000010 by August 2024. A partial recovery followed, lifting SHIB to $0.000033 in December 2024, before a third wave pushed prices back toward the lower edge of the triangle, where they sit now. According to the analysis, the three-wave decline appears to have ended right on top of a long-term support zone, creating what technical analysts call a confluence. That overlap between the wave completion and the support level is what leads Aurex Finance to suggest the multi-year correction could be in its final stretch. Two Levels Bulls Need To Clear Reports from the analysis indicate that any recovery attempt will face two clear hurdles. The first is the falling resistance trendline sitting near $0.000011. The second is the previous recovery high from late 2024, around $0.000033. Related Reading: When Bitcoin Gets Ignored, It Tends To Rally The Hardest, Analyst Says Breaking above both levels would represent a meaningful shift in market structure and hand momentum back to buyers. Until that happens, the long-term picture stays technically weak. The triangle has been compressing price action for so long that a breakout — in either direction — could produce a sharp move once it finally comes. Featured image from San Diego Zoo, chart from TradingView

26 May 2026, 13:29

XRP Price is yet to Recover as RLUSD Breached $1.7 Billion Market Cap: Will XRP Follow?

Ripple’s RLUSD stablecoin just blew past a $1.7 billion market cap milestone, one of the fastest stablecoin ascents since its December 2024 launch, yet the XRP price stalls. RLUSD’s expanding share of settlement activity on the XRP Ledger signals genuine adoption beyond early users. Yet analysts confirm that almost none of RLUSD’s growth is translating into buy pressure on XRP. The stablecoin’s rise and XRP’s sideways grind are, for now, two separate stories. CoinGecko With compressed volatility, a symmetrical triangle tightening on the daily chart, and a critical resistance band dead ahead, XRP is approaching a true decision point. Discover: The Best Crypto to Diversify Your Portfolio Can XRP Price Break $1.45 This Week? XRP price is wedged inside a multi-week consolidation corridor that has compressed price action into an increasingly tight range. The symmetrical triangle forming on the daily timeframe reflects a near-perfect equilibrium between buyers and sellers. Immediate resistance clusters between $1.38–$1.42, with a stronger ceiling at $1.45 where the 100-day moving average converges with the upper boundary of a long-term descending channel. That confluence makes the $1.40–$1.45 zone the most consequential technical level on XRP’s chart right now. Xrp (XRP) 24h 7d 30d 1y All time Support is equally defined. The $1.30–$1.32 band has held as a floor through multiple tests, but a clean break below opens a direct path to $1.20, a level that would reset the structure bearishly. Analysts tracking the consolidation note that low volatility environments like this historically precede sharp directional moves. Discover: The Best Token Presales Maxi Doge Targets Early Mover Upside as XRP Tests Key Levels XRP’s stall at current levels raises an uncomfortable question for holders: how much upside remains in an asset with a $80 billion+ market cap that still can’t clear $1.45? Waiting for a breakout that may not arrive for weeks has a real opportunity cost , especially when early-stage assets are raising capital fast. Maxi Doge ($MAXI) is one presale capturing attention in the current cycle. Built on Ethereum (ERC-20), it positions itself as the meme token for the 1000x leverage trading mindset, a 240-lb canine juggernaut embodying the relentless grind of bull market culture. The tagline says it bluntly: never skip leg day, never skip a pump. In my corner. Only color I've ever known. pic.twitter.com/FVW8M0E28l — MaxiDoge (@MaxiDoge_) May 22, 2026 The numbers are concrete. $MAXI is priced at $0.000282 , with more than $4.7 million raised to date. The project also offers 65% APY staking, holder-only trading competitions with leaderboard rewards, and a Maxi Fund treasury earmarked for liquidity and partnerships. Meme-first marketing with gym-bro viral energy rounds out the community engine. Research Maxi Doge at the official presale . The post XRP Price is yet to Recover as RLUSD Breached $1.7 Billion Market Cap: Will XRP Follow? appeared first on Cryptonews .

26 May 2026, 13:29

Strive buys 1,109 bitcoins, expanding holdings to 16,500 BTC

More on Asset Entities Strive Asset Management: Sustained Dip Reflects Flawed Bitcoin As A Treasury Push BitFuFu sees lowest short interest in April among small and microcap firms Strive initiated with Buy at TD Cowen Historical earnings data for Asset Entities Financial information for Asset Entities