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BlockBeats News, May 31st - Aave's postmortem report on the April 18th rsETH incident revealed that the rsETH LayerZero V2 cross-chain bridge of the liquidity protocol Kelp received a forged message d

Aave Releases April 18th rsETH Incident Retrospective

BILL: Human-AI Collaboration Network

Grab Your Share of the 300 USDT Prize Pool!HTX Creation Challenge — Post and Win 1,500U 💥HTX Pizza Day Celebration: $200,000 Up for Grabs Galaxy Digital Founder and CEO Michael Novogratz offered strik

Grab Your Share of the 300 USDT Prize Pool!

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

HTX Pizza Day Celebration: $200,000 Up for Grabs

Galaxy Digital Founder and CEO Michael Novogratz offered striking macroeconomic analysis of the future of Bitcoin and cryptocurrency markets in a recent financial broadcast.

While artificial intelligence (AI) and global technology stocks are attracting all the hot money and attention in the market with their parabolic rises, Novogratz stated that Bitcoin is in a temporary pause, but argued that the asset’s institutional maturation process is continuing unabated.

Novogratz stated that the main drivers of the markets are energy, global focus, and the “trends” offered to investors, adding that capital is currently shifting heavily towards data centers, the artificial intelligence trend, and the semiconductor sector.

Recalling that Bitcoin has undergone a correction of approximately 40% since its peak, the renowned CEO summarized the current state of the market with the following words:

“The cryptocurrency market is currently caught between two major narratives. In the short term, there isn’t a very strong narrative that will trigger an aggressive rise for Bitcoin. With interest rate cuts also clearly out of the question for some time, the market is in a temporary pause in momentum.”

Related News Will Bitcoin Hit a New All-Time High This Year? Expert Weighs In

Novogratz stated that this easing was not a collapse or a disaster scenario, but rather that the market was going through a neutral/horizontal consolidation period that could be described as “moderate”.

Novogratz, also touching upon the 4-year “halving” cycles closely followed by the cryptocurrency community, argued that the impact of supply reduction on investor psychology is now more dominant than its mathematical effect. He stated that this cyclical expectation has become a “self-fulfilling prophecy” and that those who took profits in the last months of last yea

Billionaire Mike Novogratz Explains Why Bitcoin Ju

$MUBARAK LONG SETUP a recently tested support area where buyers are slowly stepping back in after a pullback, suggesting potential for a gradual upside recovery if momentum continues. 🟢 ENTRY: 0.01240

Grab Your Share of the 300 USDT Prize Pool!HTX Creation Challenge — Post and Win 1,500U 💥HTX Pizza Day Celebration: $200,000 Up for Grabs The Ethereum derivative market is carrying a lot of one-sided 

The Ethereum derivative market is carrying a lot of one-sided risk, and price action is starting to reflect the strain. A CryptoQuant update published on May 29 flags that leverage remains elevated, long positioning still dominates, and RSI momentum is weakening. That combination, the analysts argue, points to continued short-term downside pressure. Underneath the surface, the on-chain picture is more nuanced. Ethereum remains a leader in developer activity — BlockchainReporter’s recent developer activity rankings show the network at the top — but that hasn’t been enough to absorb the weight of overextended derivative traders.

The CryptoQuant note does not mince words. Its central signal is that the futures crowd is betting heavily on upside at a time when spot market engines are sputtering. When open interest builds alongside a dominant long bias and the price fails to push higher, the setup often resolves with a wave of liquidations, not a breakout. The RSI reading adds to the bearish tilt: it suggests momentum is fading, not merely pausing. That matters because weakening momentum in a long-leveraged environment often forces capitulation faster than traders expect.

What makes the current Ethereum patch unusual is the disconnect between derivative positioning and the network’s underlying baseline. Ethereum continues to attract more developer hours than any other chain, and liquid staking protocols, restaking, and layer-2 expansion show no signs of slowing. That kind of activity usually provides a floor under sentiment. But right now, the derivatives tail is wagging the spot dog. The market is not trading the fundamentals; it is trading the unwind risk.

Funding rates and open interest are not screaming blow-off top, but they are stubbornly tilted toward longs at a time when the macro environment offers no clear catalyst 

Ethereum Downside Pressure May Persist as Leverage

MEGA: Real-Time Execution Layer for Ethereum

🚨 $SYRUP CHART REQUEST 🚨 Although I haven't been actively following this project, the chart is starting to look very interesting. Based purely on the technicals, $SYRUP appears heavily oversold, with 

1$ Margin Trade

$S I’ve stacked some sell orders above. Feels like we might pump over the weekend, and Monday could be a bloodbath. (By the way, for those trading $S the market maker lineup just got a new addition: G

Funny how every time this debate comes up… the answer stays the same — $LUNC wins by a mile 👀 {spot}(LUNCUSDT) Let’s be real: many of us rejected $LUNA2 {future}(LUNA2USDT) from day one. While others 

U.S. President Donald Trump is set to headline the opening ceremony of a major event celebrating America's 250th anniversary after several scheduled musical performers withdrew from the program, accor

Trump to Launch America 250 Celebration Amid Concert Cancellations - EconoTimes

Whales are fighting each other. I am staying neutral until one side wins. $GALA {future}(GALAUSDT) is almost flat at 0.003121. But inside, 96 whales are in loss with -388k, and 87 whales are in profit

Kalshi Sues Minnesota to Block First US Felony Ban on Prediction MarketsPrediction market platform Kalshi has filed a federal lawsuit to block a first-in-the-nation Minnesota law that would make opera

Kalshi Sues Minnesota to Block First US Felony Ban on Prediction MarketsPrediction market platform Kalshi has filed a federal lawsuit to block a first-in-the-nation Minnesota law that would make operating or advertising prediction markets a felony, escalating a nationwide fight over who regulates the fast-growing sector.
Key Takeaways:Kalshi sued the state of Minnesota on May 28 to block SF4760, a felony ban set to take effect August 1, 2026.
The CFTC filed its own suit against Minnesota within 24 hours of the bill’s May 18 signing.
More than a dozen states have moved against Kalshi; the case could decide who regulates the sector.
Minnesota’s First-in-Nation Felony BanKalshi, a federally regulated prediction market where users trade contracts on the outcome of real-world events, asked a federal court to strike down Minnesota’s SF4760, a law it says would criminalize its business in the state. Governor Tim Walz signed the measure on May 18, and it is set to take effect on August 1, 2026, making Minnesota the first U.S. state to treat the operation and advertising of prediction markets as a felony.



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Kalshi Sues Minnesota to Block First US Felony Ban

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Everyone Is Calling For Lower Bitcoin Price: Why This Is The Perfect Time To Go Parabolic

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Microsoft to Discontinue Using Claude: Too Expensive, or a Calculated Move?

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Investors Frantically Snap Up AI Firms with 'No Profits': A High-Stakes Gamble on 'the Right to Define the Future'

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Retail Investors' 'Lead Brother' Serenity vs. Newly Minted Stock God Leopold: How Are the Two Top Hunters Mining AI's 'Physical Limits'?

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