Santiment warned that the crypto market “typically” moves against crowd 
expectations, pointing to a recent rise in bullish sentiment driven by renewed 
momentum around the US CLARITY Act.

US CLARITY Act brings ‘major spike of euphoria’ to Bitcoin: Santiment

Strategy plans to repurchase about $1.5 billion of convertible notes, with the 
final price tied partly to its stock performance. The filing also lists 
bitcoin sales as a possible funding source, renewing focus on its treasury 
strategy. Strategy Details $1.5 Billion Convertible Note Repurchase Plan On 
May 15, Strategy Inc. (Nasdaq: MSTR) announced on X […]

Strategy to Repurchase $1.5B in Notes, Says Bitcoin Sales Could Fund Deal

Arthur Hayes has a new favorite coin — and it is not Bitcoin. The veteran 
crypto investor recently revealed that Zcash has become one of his largest 
crypto holdings outside of Bitcoin, a disclosure that has drawn fresh 
attention to a cryptocurrency that many had written off. Related Reading: 
Bitcoin Faces Major Test As 37% Recovery Collides With Bear Resistance Hayes 
said that as artificial intelligence, governments, and major tech firms gain 
more capacity to analyze public blockchain data, the demand for financial 
privacy will rise. Zcash, according to him, is designed for exactly that. His 
view is not an isolated one. Barry Silbert, a known personality in the crypto 
investment circles, described Zcash as resembling Bitcoin during its infancy — 
specifically around 2013, when BTC was still a fringe asset before its first 
major wave of mainstream adoption. That comparison has resonated with a group 
of early Bitcoin aficionados who feel the original crypto has drifted from its 
roots. Arthur on why the Zcash and NEAR integration is the quietly building 
mechanism that flips NEAR from inflationary to deflationary &#8220;Shielded Zcash 
lets you swap and send any coin, USDT on Tron, Bitcoin, anything, and that 
transaction will not point back to you. Completely… https://t.co/AOWKNsDRbc 
pic.twitter.com/tytoAgM5q0 — Laura Shin (@laurashin) May 12, 2026 What Is 
Driving The Renewed Interest? Based on a Wall Street Journal report, a good 
number of longtime Bitcoin holders who were present during a 2026 Las Vegas 
digital currency conference expressed dismay with how traceable and 
institutionalized Bitcoin has become. Government agencies, exchange-traded 
fund issuers, and blockchain surveillance firms can now monitor on-chain 
transactions with increasing precision. For some investors, that level of 
transparency is a problem. Zcash was built to solve it. Launched in 2016 by 
cryptographer Zooko Wilcox alongside researchers from Johns Hopkins and MIT, 
the coin uses a technology called zk-SNARKs that allows users to shield wallet 
addresses, transaction amounts, and transfer details. Unlike Bitcoin, where 
all transaction data is public by default, Zcash gives users the option to 
transact privately while still allowing for transparency when needed. 
Strengthening Demand The renewed interest has shown up in the market. Since 
the start of May 2026, ZEC climbed from around $380 to a high near $615 before 
pulling back. Related Reading: XRP Bulls Gain Momentum As ETF Inflows Reach 
Multi-Month High The coin has gained more than 30% this month alone and is up 
nearly 50% over the past 30 days, significantly outpacing Bitcoin during the 
same stretch. At the time of writing, ZEC is trading below $520 after a 5.50% 
drop in the last 24 hours. Institutional support is present. Grayscale 
Investments continues to offer exposure to Zcash through its investment 
products. Yet the coin still carries a significant risk that no amount of 
celebrity endorsement can eliminate. Featured image from Pexels, chart from 
TradingView

Is Zcash The Next Bitcoin? Investors Rush Into The Privacy Coin Narrative

XRP Ledger activity climbed as XRP cleared $1.54, with Santiment reporting 
48,453 active wallets and the strongest network growth reading since March. 
The surge pointed to renewed participation as price momentum returned. XRP 
Ledger Activity Rises as Price Tests $1.55 The XRP Ledger posted its strongest 
24-hour activity since March after XRP moved above $1.54 […]

XRP Ledger Activity Jumps as Price Tests $1.55, Large Wallets Set Record

Jerome Powell will remain Federal Reserve chair on a temporary basis as Kevin 
Warsh waits to take the oath. The board used a chair pro tempore designation 
after Warsh’s Senate confirmation left the leadership transfer unfinished. 
Powell Holds Temporary Fed Post as Warsh Awaits Oath The Federal Reserve Board 
announced on May 15 that Jerome […]

Powell Named Temporary Fed Chair Until Warsh Takes Oath

,XRP is struggling to reclaim the $1.50 level as the market prepares for a 
move that participants on both sides of the trade increasingly recognize as 
decisive. The price is close but not through, and an Arab Chain report 
tracking Binance derivatives activity has identified a development in the 
leverage data that changes the risk profile of whatever move arrives next. 
Related Reading: The 2022 Playbook Says Bitcoin Fails Here. On-Chain Data Says 
This Cycle Is Different The Estimated Leverage Ratio for XRP on Binance has 
climbed to approximately 0.179 — its highest reading in nearly two months — 
coinciding with XRP trading near $1.48. The timing places the leverage surge 
at the exact moment the price is attempting to push through a resistance level 
that has capped every recent recovery attempt. That proximity is not 
coincidental. Traders are building leveraged positions in anticipation of a 
directional move, and the scale of that positioning has now exceeded anything 
seen since mid-March. The path to the current reading traces a clear 
behavioral arc. Following the leverage peak of mid-March, the ELR declined 
steadily through a period of reduced derivatives activity — the quiet, low- 
conviction phase that the previous Arab Chain analyses identified as 
characteristic of accumulation rather than speculation. That quiet phase 
appears to be ending. The recent surge has reversed the declining trend and 
pushed the ratio back to levels that reflect genuine speculative commitment 
rather than cautious positioning. The question the leverage data raises is the 
same one the price action is building toward answering — and both may reach 
their resolution at the same moment. More Confidence, More Exposure, and More 
Consequences If the Move Goes Wrong Arab Chain&#8217;s interpretation of the 
leverage surge connects the behavioral signal to the price context that 
explains it. The ELR climbing to a two-month high alongside XRP&#8217;s gradual 
price improvement over recent weeks describes a derivatives market where 
participants are not simply observing the recovery — they are betting on its 
continuation with borrowed capital. New liquidity entering the market at 
elevated leverage levels reflects either conviction that the upward momentum 
will extend toward $1.50 and beyond, or anticipation of significant short-term 
volatility that creates trading opportunities regardless of direction. Both 
motivations produce the same structural consequence. A derivatives market with 
leverage at its highest point in two months is a market that has reduced its 
tolerance for adverse price movements. The positions now open require the 
price to cooperate — or they become the source of the selling pressure that 
accelerates the decline they were betting against. Related Reading: Ethereum 
Leverage Tells Two Different Stories On Binance And OKX: Traders Face A 
Fragile Setup Arab Chain&#8217;s forward assessment is honest about the dual nature 
of the current setup. Rising leverage during a price recovery reflects genuine 
market confidence and the return of speculative interest that had been largely 
absent during the low-activity period of recent months. That confidence is 
constructive as long as the price continues to validate it. The risk emerges 
at the point where the price stops cooperating. Liquidation waves triggered by 
leveraged positions unwinding do not arrive gradually — they arrive all at 
once, amplifying whatever move initiated them into something considerably 
larger. XRP Holds Recovery Structure XRP is trading around $1.46 after another 
failed attempt to reclaim the critical $1.50 resistance zone, a level that has 
consistently capped upside momentum throughout the recent recovery phase. The 
daily chart shows XRP maintaining a constructive short-term structure above 
the 100-day moving average, but price continues struggling beneath the broader 
resistance trend defined by the 200-day moving average near the $1.70 region. 
Following the sharp February selloff that briefly pushed XRP toward $1.10, 
buyers stepped in aggressively and stabilized the market above the $1.30-$1.35 
support range. Since then, XRP has formed a gradual sequence of higher lows, 
signaling steady accumulation and improving sentiment despite the broader 
market uncertainty. Related Reading: XRP Holds Key Level, But Binance Flow 
Data Signals Weakening Demand However, momentum remains fragile. The latest 
rally attempts toward $1.50 have lacked strong volume expansion, suggesting 
buyers are still unable to generate the conviction needed for a decisive 
breakout. At the same time, price compression beneath resistance is becoming 
increasingly tight, a condition that often precedes a larger directional move. 
The rising leverage activity in derivatives markets adds another layer of risk 
to the setup. If XRP breaks above $1.50 with strong participation, momentum 
could accelerate quickly. Conversely, another rejection may trigger a sharp 
flush of leveraged positions back toward the $1.35 support zone. Featured 
image from ChatGPT, chart from TradingView.com

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