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HTXSquare: Global Markets After Trump China VisitGrab Your Share of the 300 USDT Prize Pool!HTX Creation Challenge — Post and Win 1,500U 💥 Crypto and the Fed: State of Crypto The Federal Reserve publi

HTXSquare: Global Markets After Trump China Visit

Grab Your Share of the 300 USDT Prize Pool!

HTX  Creation Challenge — Post and Win 1,500U 💥

Crypto and the Fed: State of Crypto

The Federal Reserve published the latest version of its proposal to create a "skinny" master account, updating the proposal first published last December. In the same week, President Donald Trump signed an executive order directing the greater integration of digital assets with existing payment networks.

You're reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.

Crypto and the Fed: State of Crypto

BILL: Human-AI Collaboration Network

Bitcoin Bottom May Be 2 Months Away, On-Chain Data Suggests Over the past week, Bitcoin has traded sideways in the high $70,000 region, unable to reclaim the psychological $82,000 level that has elude

Bitcoin Bottom May Be 2 Months Away, On-Chain Data Suggests
Over the past week, Bitcoin has traded sideways in the high $70,000 region, unable to reclaim the psychological $82,000 level that has eluded market bulls since mid-May. Notably, the $76,000 price level has now been tested three weeks in a row and held each time, emerging as a real support zone. However, an obscure on-chain metric may be flashing the clearest bottom signal in Bitcoin’s history.
Key Bearish Signal Arises From Investor Cost Basis Data
In an X post on May 22, CryptoChan shares data from an historically reliable bottom indicator built from two realized price bands: the 6m–10y Realized Price, representing the average acquisition cost of long-term holders, currently at $60,316; and the 0–10y Realized Price, a broader market average cost basis, sitting at $64,412.  The ratio between these two bands indicates how stressed long-term holders are relative to the broader market. When it drops below 0.936 and then recovers back toward 1.0, it has marked the precise bottom moment in every prior Bitcoin cycle.
This is because when the ratio touches 1.0, the green line (long-term holder cost) overtakes the black line (full market cost), meaning even the most conviction-driven holders are underwater. That is the moment when selling pressure is fully exhausted, and market sentiment is in extreme panic. In the 2015 bear market bottom, the ratio took 59 days to climb from 0.936 back to 1.0. In the 2018–2019 bear bottom, the recovery took 66 days. In the November 2022 FTX collapse-driven bottom, the journey took 50 days. The ratio is presently at 0.936 again. If the current reading holds and historical data repeats itself, Bitcoin’s definitive bottom window may open sometime around mid-to-late July 2026.

Bitcoin Bottom May Be 2 Months Away, On-Chain Data

MEGA: Real-Time Execution Layer for Ethereum

📊 Mean Reversion Pro — Data-Driven Edge on Any Market, Any Timeframe Most mean reversion indicators tell you the price is "too far" from the moving average. This one tells you exactly how far is stati

Mean Reversion Pro

On May 21, Euler framed EUL as a modular onchain credit layer; on May 20 it detailed the Euler Vault Kit for building configurable lending vaults; on May 15 it brought HyperEVM market coverage in-hous

Over the years, many Israeli companies have transferred part of their activities overseas, in order to save costs or to be closer to their target markets. Workers in East Asia, for example, have alway

Strong shekel pushes companies overseas

HTXSquare: Global Markets After Trump China VisitGrab Your Share of the 300 USDT Prize Pool!HTX Creation Challenge — Post and Win 1,500U 💥 Coinbase does not fear competition from Wall Street, says exc

Coinbase does not fear competition from Wall Street, says exchange executive Coinbase is not at all concerned with the increasing competition from Wall Street giants or other traditional financial institutions, the crypto exchange's head of Policy for Europe told CoinDesk on Friday.

"We have always said that a rising tide lifts all ships," said Katie Harries, adding that Coinbase is "not at all" worried about the increasing involvement of financial institutions in the United States and around the world in crypto.

The company recently posted a loss of $1.49 per share, compared with analyst expectations for a $0.27 profit. Also in the first week of May, Coinbase announced a 14% workforce reduction.

Coinbase does not fear competition from Wall Stree

Ethereum holds 55% of stablecoins, yet ETH trades below $2.4K – Justified? source-logo ambcrypto.com 20 m BTCZEST: Bitcoin Lending ProtocolZEST: Bitcoin Lending ProtocolHTXSquare: Global Markets After

Ethereum holds 55% of stablecoins, yet ETH trades below $2.4K – Justified?
source-logo  ambcrypto.com
20 m


Ethereum [$ETH] has been the focus of attention in the stablecoin space lately. According to data from Dune Analytics, Ethereum manages roughly $190 billion of the approximately $322 billion stablecoin market.

This indicates that about 55% of all stablecoins are held by Ethereum. Additionally, only $60 billion is handled by all other blockchains combined, compared to roughly $90 billion handled by TRON [TRX].


Source: Dune Analytics
In fact, the entire supply nearly doubled in just 24 months, and Ethereum’s market share held steady. Remarking on the same, Leon Waidmann—Head of Research at Lisk—noted,

Stablecoins picked their settlement layer a long time ago.

$ETH price action raises eyebrows
This coincided with Ethereum [$ETH] trading around $2,116.40 after a drop of 4.4% in the past 24 hours.

Needless to say, this is startling, though, because since February 2026, $ETH has been trading below $2445. Even with these sideways and stagnant moves, $ETH continues to rule the stablecoin market.

Factors behind $ETH dominating the stablecoin space
This may be due to a number of factors. For example, when a company like Circle, Fidelity, or BlackRock transfers $50 million, they don’t care if the gas fee is $5.00 or $0.05. Unchangeable security is what matters to them.

Additionally, it is mathematically the most costly blockchain in the world to attack, with over 39.2 million $ETH staked to secure the network.

Ethereum holds 55% of stablecoins, yet ETH trades

According to monitoring by Beating, Elon Musk announced on X that xAI is planning to open-source the base model of Grok 4.2 by the end of 2026. The model reportedly contains around 0.5 trillion (500 b

According to monitoring by Beating, Elon Musk announced on X that xAI is planning to open-source the base model of Grok 4.2 by the end of 2026. The model reportedly contains around 0.5 trillion (500 billion) parameters.
While the parameter size is relatively modest compared to the most extreme large-scale models, Musk emphasized that the open-source release will still provide strong practical value for the developer community, particularly in natural language processing and basic reasoning tasks.
However, he also acknowledged limitations in the current underlying model. Due to issues in the quality, coverage, and balance of training data, Grok 4.2 still struggles with high-difficulty programming and complex problem-solving tasks. Despite this, the 500B-parameter base model continues to show solid performance in everyday NLP workloads and foundational reasoning.
This move continues xAI’s broader open-source strategy. In March 2024, the company previously open-sourced Grok-1, a 314B-parameter model, which was one of the largest open-source AI models at the time and drew significant industry attention.
With Grok 4.2 expected to go open-source, xAI is further pushing the boundaries of openness in large-scale AI development, intensifying competition in the rapidly evolving open-model ecosystem.


Elon Musk Confirms xAI Plans to Open-Source Grok 4

Top NFTs By Weekly Sales Volume The $NFT sector continues to show diversity and resilience with robust weekly performance. In this respect, Bitcoin, Ethereum, $BNB Chain, Coinbase, and Avalanche are t



The $NFT sector continues to show diversity and resilience with robust weekly performance. In this respect, Bitcoin, Ethereum, $BNB Chain, Coinbase, and Avalanche are the leading blockchains accounting for substantial $NFT sales. As per the data from CryptoSlam, these sales denote the extent of activity in the market. Additionally, these also contribute to broadening the $NFT landscape’s reach across the emerging and est

Top NFTs By Weekly Sales Volume

EURJPY gained above the 185 level after a long consolidation. It continues to be bullish so long as it's miles above 184. Having attained an intraday high of 185.08, it now hovers about 185.03Technica

EURJPY Breaks the 185 Ceiling: EMA Trifecta Backs a Bullish Run to 187 - EconoTimes

Major tokens slumped more than 25% in the past 24 hours as a new wave of tariffs imposed by the U.S. on Canada and Mexico over the weekend birthed talks of a global trade war — souring sentiment for risk assets. XRP, dogecoin (DOGE) and Cardano’s ADA fell more than 25% to reverse all of the gains since December, reaching pre-U.S. election levels from early November. Most majors are down 40-50% in the past month, data shows, making it one of steepest dives in recent years. Overall the capitalization fell 12%, the worst fall in over a year, while the broad-based CoinDesk 20 (CD20) lost 10%. Bitcoin (BTC) dropped 6%. Please check your network connection.

<div><span style="font-size: 15px;">Major tokens slumped more than 25% in the past 24 hours as a new wave of tariffs imposed by the U.S. on Canada and Mexico over the weekend birthed talks of a global trade war — souring sentiment for risk assets.</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">XRP, dogecoin (DOGE) and Cardano’s ADA fell more than 25% to reverse all of the gains since December, reaching pre-U.S. election levels from early November. Most majors are down 40-50% in the past month, data shows, making it one of&nbsp; steepest dives in recent years. Overall&nbsp;</span>the<span style="font-size: 15px;">&nbsp;capitalization fell 12%, the worst fall in over a year, while the broad-based CoinDesk 20 (CD20) lost 10%. Bitcoin (BTC) dropped 6%.</span></div><div><span style="font-size: 15px;">Please check your network connection.</span></div>

Major tokens slumped more than 25% in the past 24

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Tariffs Crash Crypto

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BNB Chain Releases Research Report, Exploring Post-Quantum Cryptography Migration Path for BSC

Bitcoin Slides to Three-Week Low Under $77K Amid Bear Dominance

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As Presale Funding Nears $7.2 Million, Ozak AI’s Early Pricing Window Begins to Narrow

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$50 Million Funding Ignites Airdrop Anticipation, Variational Becomes New Focus of Perp DEX

Cloudflare CEO: How I Decided Which Employees to Replace with AI?

Secures Over $60 Million in Funding from Dragonfly, Sequoia, and Others. An In-Depth Look at the On-Chain Derivatives Protocol Variational | CryptoSeed

Major tokens slumped more than 25% in the past 24

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