Author: James Wilson
Bullish also reported adjusted EBITDA of $35.1 million, missing analyst estimates of $38 million. Summary Bullish reported adjusted first-quarter 2026 revenue of $92.8 million, missing analyst expectations. The crypto trading platform posted a net loss of $604.9 million, or $3.85 per share. Shares of Bullish fell 7.9% in pre-market trading to $38.51 following the earnings release. Crypto trading platform Bullish reported weaker-than-expected first-quarter 2026 financial results as softer digital asset trading activity weighed on revenue and profitability. According to a report from CoinDesk, the company posted adjusted revenue of $92.8 million, below Wall Street expectations of $94.9 million. The company’s…
Sui price pulled back this week after facing rejection near the key $1.40 resistance region, though traders continue watching for signs that bulls may be preparing for another breakout attempt. Summary SUI price pulled back toward the $1.20 support zone after facing rejection near the key $1.40 resistance level earlier this week. Rising stablecoin liquidity, growing DeFi activity, and strong derivatives positioning continued to support bullish sentiment across the Sui ecosystem. Analysts are watching whether bulls can defend the $1.18–$1.20 region to sustain momentum toward another breakout attempt above $1.40. According to data from crypto.news, Sui (SUI) traded around $1.21…
Chainlink price pulled back this week after facing rejection near a key Fibonacci resistance level, while traders closely watched whether bulls could defend the important support-resistance flip zone near $10. Summary Chainlink price retested the key $10.10 support-resistance flip zone after facing rejection near the $10.79 Fibonacci resistance level. LINK remained above the 0.382 Fibonacci retracement support near $9.93 as the Supertrend and Aroon indicators continued signaling bullish market structure. Analysts are watching whether bulls can defend the $10 region to sustain momentum toward the next resistance zones near $11.6 and $12.8. According to data from crypto.news, Chainlink (LINK) traded…
North Korean hacking groups have been tied to most major crypto exchange attacks in South Korea since 2018, while billions of dollars in suspected illicit crypto flows have also moved through the country’s financial system. Summary Crystal Intelligence linked North Korea’s Lazarus Group to six of nine major South Korean crypto exchange attacks since 2018, with confirmed thefts exceeding $120 million. South Korean authorities identified $7.1 billion in illegal crypto transactions between 2021 and August 2025, with $6.4 billion tied to the Hwanchigi laundering network. Pig butchering scams targeting South Koreans caused $70.6 million in losses during 2025, while regulators…
Ripple’s native token is drawing fresh trader attention after Binance derivatives data pointed to a recovery in speculative positioning. Summary XRP Binance open interest rose above its monthly average, showing leverage returning to futures markets. Spot XRP ETF inflows cooled to zero after Monday’s $25.8 million single-day inflow spike now. Record 10K+ XRP wallets point to accumulation, but price still needs clear $1.50 breakout confirmation. Arab Chain said XRP open interest reached about $475.4 million, above its 30-day average near $440.7 million, while the Z-Score climbed to about 1.65. Crypto.news price data showed XRP (XRP) trading near $1.43 on May…
The Commodity Futures Trading Commission’s staff issued no-action relief for fully collateralized event contracts. Summary CFTC eased swap data reporting duties for fully collateralized event contracts listed on regulated exchanges. Relief covers DCMs, DCOs and market participants, with future applicants getting a streamlined approval process. The move arrives as prediction market platforms fight state gambling regulators in several courts nationwide. The move covers certain swap data reporting and recordkeeping duties tied to contracts listed by designated contract markets and cleared by derivatives clearing organizations. The relief means staff will not recommend enforcement against DCMs, DCOs or participants for failing to…
DeFi Development Corp. said its fully converted SOL per share rose 108% over the past year, reaching 0.0670 on May 13. Summary DFDV reported 108% yearly SOL-per-share growth, lifting fully converted SPS to 0.0670 by May 13. The company posted an $83.4 million Q1 loss as lower SOL prices weighed on holdings. Validator operations, Bonk partnerships and onchain treasury deployment remain central to DFDV’s wider Solana strategy. The figure was up from 0.0322 one year earlier and 0.0665 on March 30. The company also reported 2,294,576 SOL and SOL equivalents, with about 34.2 million fully converted shares outstanding. The Nasdaq-listed…
The copper gold ratio has broken above its 200-day moving average for the first meaningful time since September 2020. Summary The ratio now stands at 0.00142, with copper at $6.65 per pound and gold near $4,700 per ounce, up 25% from its recent lows. Previous surges in 2013, 2017, and 2021 aligned with the early stages of major Bitcoin price cycles. The correlation between Bitcoin and the ratio has rebounded sharply from near negative 1.0, suggesting the relationship is beginning to strengthen. The copper gold ratio is a closely watched macro signal measuring the relative strength of copper, an industrial…
AI Layer-2 token Matchain MAT surged 349% in a single session as speculative capital rotated into small-cap altcoins. Summary Matchain is a BNB Chain zk-rollup focused on decentralised identity and AI-driven advertising infrastructure, with a market cap under $3 million. The move coincided with CryptoQuant’s Bull-Bear Market Cycle Indicator turning bullish on May 12 for the first time since March 2023. The Altcoin Season Index stands at 35 as of May 2026, still well below the 75-point threshold that signals a genuine market-wide rotation. Matchain is an AI-powered zk-rollup blockchain built on BNB Chain that focuses on decentralised identity, data…
Parliamentary standards watchdog formally launched a probe into Nigel Farage over an undeclared £5M gift tied to crypto donations. Summary Parliamentary Standards Commissioner Daniel Greenberg has opened a formal inquiry into whether Farage breached the Commons Code of Conduct. The £5M came from Christopher Harborne, a Thailand-based investor who holds a 12% stake in Tether and has given over £22M to Reform UK. The UK government banned political crypto donations in March 2026 after the Rycroft Review warned that digital assets could channel foreign money into elections. The investigation centers on a £5 million payment Farage received from Christopher Harborne…