Evernorth is expanding its leadership team as it moves toward a planned public 
listing. The company said the strategy is designed to support institutional 
adoption of XRP through a regulated public-company structure. Evernorth 
Expands Leadership Team Evernorth Holdings Inc. announced on May 5, 2026, that 
it is expanding its leadership team with new board members […]

Evernorth Adding Ripple Legal Chief to Board Ahead of XRP Treasury Push

The cross-border tokenized US Treasury transaction using blockchain and 
banking rails builds on an earlier pilot in which the same fund moved between 
a public and permissioned blockchain.

JPMorgan, Mastercard make first cross-border US Treasury transfer via XRP Ledger

Bitcoin is pushing toward $82,000 as the market tests a resistance level that 
has capped every recent attempt at higher prices. The recovery from the March 
lows has been constructive, but the next meaningful move requires breaking 
through overhead that has so far absorbed every bullish effort. An XWIN 
Research Japan analysis has identified a structural target above the current 
price that gives the current test a specific forward context. Related Reading: 
XRP Liquidity Just Hit A Five-Year Low: Discover What Happens When A Market 
Gets This Thin The analysis explains a mechanism that experienced Bitcoin 
traders reference regularly but that many participants have never had fully 
explained: the CME gap. Bitcoin futures on the Chicago Mercantile Exchange 
trade only on weekdays, while spot Bitcoin markets run continuously around the 
clock. Every weekend, when CME is closed, spot prices keep moving. When 
futures reopen Monday morning, a gap forms between where the market was on 
Friday and where it is now. These gaps represent price ranges where no futures 
trades occurred — zones of thin liquidity that markets tend to revisit as 
positions are adjusted. One such gap has already been filled in the current 
cycle. The next unfilled gap sits at approximately $93,000 — a level that XWIN 
Research Japan identifies as a logical medium-term upside target for precisely 
this structural reason. That $93,000 level is not a guarantee. But it is not 
arbitrary either. Understanding the force that makes these gaps magnetic is 
what determines how much weight the target deserves. The Gap Is Not Magic. It 
Is Mechanics The XWIN Research Japan report draws the distinction that 
separates useful market analysis from superstition. CME gaps are not magnetic 
price levels in any mystical sense — they do not pull Bitcoin toward them 
through some invisible force. They exist because a specific range of prices 
saw zero futures trading, leaving behind a zone of thin liquidity that the 
market has structural reasons to revisit. The mechanism is positioning. Every 
open futures contract must eventually be closed through profit-taking, 
liquidation, or expiration. The aggregate of all outstanding contracts is Open 
Interest, and when OI is elevated, it signals that significant energy has 
accumulated in the system. That energy does not stay there indefinitely. It 
releases through position unwinds, and when large amounts of leverage unwind 
simultaneously, price moves sharply. The direction of that movement is not 
random. It gravitates toward areas where liquidity concentrates, and CME gaps 
are precisely those areas. The path to $93,000 is not necessarily direct. The 
report adds the honest complication that makes the target more credible rather 
than less. If leverage continues building without strong spot demand to 
support it, the market may first move lower to flush out late long positions — 
a reset that clears fragile leverage before a cleaner attempt at the upper gap 
becomes possible. CME gaps are signals, not certainties. What makes the 
$93,000 level worth tracking is the convergence of positioning pressure, 
liquidity structure, and market psychology that the gap represents. When those 
three forces align around the same price zone, it becomes a reference point 
that the market eventually addresses — on its own timeline, through its own 
mechanics. Related Reading: Ethereum Withdrawals From Exchanges Just Hit An 
8-Month Low: Find Out What Investors Are Waiting For Bitcoin Tests Major 
Resistance As Structure Improves Bitcoin is pressing into the $82,000 region, 
a level that has repeatedly acted as resistance throughout the recent 
recovery. The chart shows a clear shift in structure since the February 
capitulation, with price transitioning from a sequence of lower highs and 
lower lows into a sustained pattern of higher lows. This indicates that buyers 
are gradually gaining control, but the market has not yet confirmed a full 
trend reversal. The reclaim of the short-term moving averages is constructive. 
Price is now holding above the 50-day and attempting to challenge the 100-day, 
both of which are flattening after a prolonged decline. However, the 200-day 
moving average remains overhead near the mid-$80,000s, still trending 
downward. This keeps the broader trend context neutral to bearish despite the 
short-term improvement. Related Reading: Bitmine Just Crossed $10 Billion In 
Staked Ethereum – 88% of Everything It Owns Is Now Locked In Volume does not 
show aggressive expansion on the move higher. Compared to the selloff phase, 
participation remains relatively subdued. Suggesting that the recovery may be 
driven more by reduced selling pressure than strong demand. If Bitcoin breaks 
and holds above $82,000, the structure opens the path toward the 
$85,000–$88,000 range. Failure to clear this level would likely send the price 
back toward the $74,000–$76,000 support zone, where the recent higher low 
structure becomes critical. Featured image from ChatGPT, chart from 
TradingView.com

Bitcoin Reclaims $80K, And $93K Comes Into Focus — Discover The CME Gap Setup

The closure highlights vulnerabilities in global oil supply chains, prompting 
strategic shifts and investments in alternative trade routes.
The post Iran closes Strait of Hormuz, disrupting global oil transit appeared 
first on Crypto Briefing.

Iran closes Strait of Hormuz, disrupting global oil transit

Increased military tensions could hinder diplomatic progress, reducing the 
likelihood of a lasting peace deal and escalating regional instability.
The post Trump warns Iran of more attacks amid stalled peace talks appeared 
first on Crypto Briefing.

Trump warns Iran of more attacks amid stalled peace talks

More than $4 billion in long positions now sit within striking distance of 
liquidation near $77,000 — a figure that underscores just how much is riding 
on Bitcoin holding its current footing above $80,000. Related Reading: David 
Schwartz Says Selling XRP Doesn’t Make Him The Villain Bears Keep Rebuilding, 
Keep Getting Burned Data tracked by Bitcoin researcher Axel Adler Jr. shows 
that close to $8 billion in short positions have been forcibly closed since 
early February, with the largest single-day spike hitting $737 million on Feb. 
13. The liquidations did not come all at once. They arrived in three separate 
waves stretching from February through April, each one triggered as bearish 
traders rebuilt positions at higher price levels — only to get caught again as 
the price held firm. Daily liquidation volumes had dropped to a range of $2 to 
$28 million before spiking back to $175 million on May 4. That jump came 
during an otherwise quiet week, pointing to fresh short exposure being built 
near $80,000. Reports say the recurring pattern shows traders consistently 
betting against the price — and consistently being forced out. Source: Axel 
Adler Jr. Adler&#8217;s trend pulse model adds context. Bitcoin moved out of bear 
mode and into neutral territory in early April. Short-term momentum has turned 
positive, though a full bullish signal would require the 30-day simple moving 
average to cross above the 200-day. According to the data, every major 
liquidation wave so far has occurred while the trend sat in this neutral zone 
— a transition phase that has repeatedly caught short sellers off guard. 
Rising Open Interest Adds To The Pressure Bitcoin&#8217;s open interest across all 
exchanges climbed 6% to nearly $30 billion as of early May, its highest 
reading since Jan. 31. That increase means the market is more sensitive to 
sudden price moves — up or down. Funding rates remain near -0.0045, a sign 
that short-side pressure is still active while long positions are not yet 
crowded. Market analyst Coin Niel reported net exchange outflows of 837 BTC on 
May 5, following a much larger outflow of 6,590 BTC the previous Monday. 
Sustained outflows typically reflect accumulation, as coins move off exchanges 
and into private wallets, reducing available supply for immediate sale. 
Related Reading: Trump-Linked WLFI Files Major Defamation Lawsuit Against 
Billionaire Justin Sun Bitcoin broke above a descending trendline that had 
capped price gains throughout April. The 100-day exponential moving average 
now sits just below the current price, acting as a dynamic floor. The short- 
term holder cost basis aligns near $81,500, a level that keeps recent buyers 
in profit and may further reduce selling pressure in the near term. Supply 
Zone Ahead, With A Big Drop Below The $86,000 to $90,000 range represents a 
zone of prior selling activity — a cluster where sellers stepped in during the 
last recovery and pushed the price back down. That zone is the next major test 
for any continued rally. Featured image from Vecteezy, chart from TradingView

Evernorth Adding Ripple Legal Chief to Board Ahead of XRP Treasury Push

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