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26 May 2026, 05:42

Harvard University Exits Entire $87 Million Ethereum ETF Position in One Quarter as Foundation Brain Drain Deepens

Harvard Management Company has fully exited its position in BlackRock’s iShares Ethereum Trust ETF, selling the entire $86.8 million stake it had acquired only one quarter earlier, according to the university’s Q1 2026 13F filing with the Securities and Exchange Commission. The exit was complete as of March 31, 2026, with the filing showing zero holdings in the Ethereum ETF after the position had been listed in Q4 2025 disclosures as one of the endowment’s emerging digital asset allocations. Simultaneously, Harvard cut its iShares Bitcoin Trust holdings by approximately 2.3 million shares, a reduction of roughly 43 percent from the prior quarter, leaving it with 3,044,612 IBIT shares worth about $117 million. The contrast between the full Ethereum exit and the partial Bitcoin reduction tells a story the filing itself does not explain, suggesting a deliberate tilt toward Bitcoin as the preferred crypto allocation rather than a wholesale exit from digital assets. Ethereum’s price decline is the obvious contextual backdrop. The token has fallen more than 50 percent from its all-time high of approximately $4,953 reached in August 2025, trading around $2,100 to $2,120 in the days surrounding the filing’s release. A 13F filing records only quarter-end positions and does not disclose trade timing, rationale, or whether the sale was executed in a single transaction or spread across the quarter, meaning the precise circumstances of Harvard’s exit remain opaque. What makes the exit particularly significant is the timing relative to the Ethereum Foundation’s widely covered leadership instability. Eight Foundation team members departed in 2026 including researchers Julian Ma, Carl Beek, Tim Beiko, Barnabe Monnot, Trent Van Epps, and Alex Stokes, alongside former co-executive director Tomasz Stanczak. Community member Banteg posted on X: “Situation: all three EF protocol leads have left,” alongside a marked-up version of the Foundation’s organisational chart, a post that circulated widely and crystallised the breadth of the departures in a way that formal announcements had not. Journalist Laura Shin characterised the internal debate by writing that the Foundation’s March mandate outlining priorities around decentralisation, privacy, and censorship resistance contained “great” principles that were “worth fighting for” but argued the organisation needed to place greater emphasis on tokenomics and Ether’s market value. Abu Dhabi’s Mubadala moved in the opposite direction to Harvard, increasing its iShares Bitcoin Trust stake by 16 percent to 14,721,917 shares worth approximately $566 million, illustrating how differently institutional investors are currently reading the risk-reward profile of crypto ETF exposure. Harvard’s prior quarter decision to add the Ethereum position and then exit it entirely within three months sits alongside Dartmouth’s reported expansion into Solana ETFs, suggesting that institutional crypto allocation is still in a genuinely exploratory phase rather than reflecting settled long-term conviction. The next quarterly filing for Q2 2026 is due in August, which will show whether Harvard continues to reduce exposure, stabilises at the current Bitcoin-only position, or rebuilds the Ethereum allocation if price conditions improve.

26 May 2026, 05:41

Ondo Finance Founder Nathan Allman Dies Unexpectedly at 32

Allman founded Ondo in 2021 after previously working at Goldman Sachs and played a major role in the growth of blockchain-based tokenized real-world assets. Under his leadership, Ondo helped bring roughly $3.86 billion worth of tokenized assets on-chain. The company confirmed the news on Monday and announced that Ondo president Ian De Bode will take over as CEO. Ondo Finance Announces Death of Nathan Allman Nathan Allman, the founder and CEO of Ondo Finance and one of the early pioneers of blockchain tokenization, passed away unexpectedly at the age of 32. The company confirmed the news in a statement that was shared on X on Monday, where it described Allman as a visionary whose leadership, humility, and determination helped shape not only Ondo, but also the wider digital asset industry. “It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo’s founder,” the company wrote. “Our hearts are with his family and loved ones.” Allman founded Ondo in 2021 after working in the digital assets division at Goldman Sachs. Before that, he also founded ChainStreet Capital, a crypto hedge fund focused on algorithmic and event-driven trading. Through Ondo, Allman played an important role in advancing the tokenization of real-world assets, and helped bring billions of dollars worth of US Treasuries, stocks, and commodities onto blockchain networks. His work also contributed to the growing institutional interest in tokenization technology, including from major financial firms like BlackRock. According to Ondo, more than 111,000 token holders currently own tokenized real-world assets issued through the platform, which today accounts for roughly $3.86 billion in on-chain assets. For many in the industry, Allman represented a new generation of founders focused on bridging traditional finance with blockchain technology in a more practical and accessible way. Ondo president Ian De Bode, who will now step in as CEO, described Allman as both an incredible founder and a close personal friend. “The mission of Ondo, Nate’s mission, has not changed,” De Bode said. “If Nate were here, he would want to continue executing with excellence. We will make him proud.” Ondo’s vice president and head of marketing, Ben Grossman, also remembered Allman as “a once-in-a-generation founder and visionary” whose impact on the people around him and on the industry itself would not be forgotten. The company has not shared details surrounding Allman’s passing. Though Nathan Allman’s life was tragically cut short, his vision, leadership, and contribution to the future of blockchain finance will leave a lasting impact on the industry and the many people he inspired along the way.

26 May 2026, 05:40

XRP Turns Bearish After Failing to Break $1.36 Resistance – Key Support at $1.30 in Focus

BitcoinWorld XRP Turns Bearish After Failing to Break $1.36 Resistance – Key Support at $1.30 in Focus XRP, the digital asset associated with Ripple, is facing renewed downward pressure after failing to break through the $1.36 resistance level, according to technical analysis. The token is now being pushed toward a critical support zone at $1.30, a level that traders are closely watching for signs of further decline or potential stabilization. Failure at $1.36 Resistance Triggers Bearish Shift XRP’s recent attempt to breach the $1.36 resistance level has failed, leading to a shift in market sentiment. According to a report by CoinDesk, the token’s inability to overcome this key price point has triggered selling pressure, pushing XRP back toward the $1.30 support level. This resistance level had previously acted as a barrier to upward momentum, and its failure to break through has reinforced a short-term bearish outlook. Repeated tests of the $1.30 support zone could indicate weakening buying pressure, according to analysts. If XRP fails to hold this level, further declines may follow. However, as long as the token maintains support at $1.30, the current trend can be viewed as a short-term bearish phase rather than a prolonged downturn. Technical Indicators Reinforce Bearish Trend From a technical perspective, XRP is trading below its major moving averages, a classic signal of bearish momentum. This positioning suggests that sellers currently have the upper hand in the market. The moving averages, which smooth out price data over specific periods, are now acting as resistance levels above the current price, making it difficult for XRP to recover without a significant catalyst. The $1.30 level is now considered a critical price point for gauging the potential for further declines. If XRP can hold above this support, it may consolidate before attempting another breakout. Conversely, a break below $1.30 could open the door to lower support levels, potentially around $1.20 or lower, depending on market conditions. What This Means for XRP Holders and Traders For XRP holders, the current bearish phase underscores the importance of monitoring key support levels. The $1.30 zone is not just a technical level but also a psychological barrier for market participants. A sustained hold above this level could restore some confidence, while a breakdown may trigger further selling. Traders should be aware that the broader cryptocurrency market remains volatile, and XRP’s price action is influenced by both technical factors and external developments, including regulatory news and market sentiment. The failure to break $1.36 resistance highlights the challenges XRP faces in gaining upward momentum amid a cautious market environment. Conclusion XRP’s failure to break through the $1.36 resistance level has shifted the short-term outlook to bearish, with the $1.30 support level now in focus. While the token is trading below its major moving averages, reinforcing the bearish trend, the current phase may be temporary if support holds. Traders and investors should watch the $1.30 level closely as it will likely determine XRP’s next directional move. The broader market context and any new developments related to Ripple’s legal or business activities could also influence price action in the coming days. FAQs Q1: What is the key resistance level for XRP right now? The key resistance level for XRP is $1.36, which the token failed to break, leading to a bearish shift in market sentiment. Q2: Why is the $1.30 support level important for XRP? The $1.30 support level is critical because it has been tested multiple times. If XRP holds above this level, the current bearish phase may be short-term. A break below could signal further declines. Q3: Is XRP’s bearish trend likely to continue? According to technical analysis, XRP is trading below its major moving averages, indicating bearish momentum. However, the trend may be temporary if the $1.30 support holds. Traders should monitor this level for signs of stabilization or further weakness. This post XRP Turns Bearish After Failing to Break $1.36 Resistance – Key Support at $1.30 in Focus first appeared on BitcoinWorld .

26 May 2026, 05:35

British Pound Retreats from Monthly High vs Japanese Yen, But Downside Remains Limited

BitcoinWorld British Pound Retreats from Monthly High vs Japanese Yen, But Downside Remains Limited The British Pound has edged lower against the Japanese Yen after touching a fresh monthly high earlier in the week, though analysts suggest the downside may be limited amid shifting central bank expectations and resilient UK economic data. What Drove the GBP/JPY Retreat? The GBP/JPY pair pulled back from the 195.00 zone as profit-taking emerged following a sustained rally. The move was partly triggered by cautious comments from Bank of Japan (BoJ) officials, which briefly strengthened the Yen. However, the broader trend remains tilted in favor of the Pound, supported by the Bank of England’s (BoE) more hawkish stance relative to the BoJ. UK inflation data released last week came in above expectations, reinforcing market bets that the BoE will maintain higher interest rates for longer. In contrast, the BoJ has signaled only a gradual normalization of its ultra-loose monetary policy, keeping the Yen under structural pressure. Technical Outlook and Key Levels From a technical perspective, the GBP/JPY pair is testing support near the 193.50 level, a zone that previously acted as resistance. A break below this level could open the door toward the 192.00 handle, but buyers are expected to defend the 193.00 area. On the upside, the recent monthly high near 195.30 remains the immediate resistance. A sustained move above this level would likely signal further upside toward the 196.00 psychological barrier. The Relative Strength Index (RSI) has cooled from overbought levels, suggesting the correction may be healthy rather than the start of a reversal. Why the Downside Is Seen as Limited Several factors underpin the view that GBP/JPY losses will be contained. First, the interest rate differential between the UK and Japan remains wide, favoring carry trade flows into the Pound. Second, UK economic data has shown resilience, with GDP growth and employment figures beating expectations. Third, the BoJ’s cautious approach to tightening provides little catalyst for sustained Yen strength. Additionally, geopolitical uncertainty and risk-off sentiment tend to benefit the Yen as a safe haven, but current market conditions remain relatively stable, reducing that tailwind. Market Implications for Traders For forex traders, the GBP/JPY pair offers opportunities in a range-bound environment. Short-term pullbacks toward support levels may present buying opportunities for those with a bullish bias. However, traders should remain vigilant for any unexpected policy signals from either central bank, particularly if UK inflation data surprises to the downside or the BoJ signals a faster tightening timeline. The pair’s volatility also makes it attractive for breakout strategies, with the 193.50–195.30 range acting as the key zone to watch in the coming sessions. Conclusion The British Pound’s retreat from its monthly high against the Japanese Yen appears to be a corrective move within a broader uptrend. While short-term weakness cannot be ruled out, the fundamental backdrop — including wide rate differentials, resilient UK data, and cautious BoJ policy — suggests that any decline will likely be limited. Traders should monitor key support at 193.50 and resistance at 195.30 for directional cues. FAQs Q1: Why did the GBP/JPY pair fall after hitting a monthly high? The decline was primarily driven by profit-taking and cautious comments from Bank of Japan officials, which briefly strengthened the Yen. The move is seen as a correction within a broader uptrend. Q2: What is the key support level for GBP/JPY right now? The immediate support is around 193.50, with stronger support near 193.00. A break below 193.00 could lead to a test of 192.00. Q3: Why is the downside for GBP/JPY considered limited? The downside is limited due to the wide interest rate differential favoring the Pound, resilient UK economic data, and the Bank of Japan’s gradual approach to policy normalization, which keeps the Yen under structural pressure. This post British Pound Retreats from Monthly High vs Japanese Yen, But Downside Remains Limited first appeared on BitcoinWorld .

26 May 2026, 05:34

Zcash drops 5.2 percent to $619 in 24 hours

🚨 Zcash plunged 5.2 percent to $619 in the last 24 hours. Privacy coins like $ZEC and Monero faced strong drops but held weekly gains. Continue Reading: Zcash drops 5.2 percent to $619 in 24 hours The post Zcash drops 5.2 percent to $619 in 24 hours appeared first on COINTURK NEWS .

26 May 2026, 05:30

Meltem Demirors Says Banks Won as Bitcoin ETFs Pull Crypto Into Wall Street’s Orbit

Cryptocurrency is undergoing an identity crisis as the gap widens between its decentralized origins and today’s institution‑driven adoption, argues Meltem Demirors. The Institutional Paradox Meltem Demirors, founder and general partner of early-stage fund Crucible, argues that institutional access hasn’t made bitcoin more useful. Instead, it has triggered an identity crisis, absorbing crypto into the very