President Donald Trump posted a public statement Tuesday defending the 
Commodity Futures Trading Commission’s (CFTC) exclusive federal authority over 
prediction markets and warning that the United States must protect its 
position as the world’s leading crypto destination. Trump Backs CFTC Chairman 
Selig on Prediction Markets, Warns States to Stand Down On Truth Social, Trump 
directed […]

President Donald Trump posted a public statement Tuesday defending the Commodity Futures Trading Commission’s (CFTC) exclusive federal authority over prediction markets and warning that the United States must protect its position as the world’s leading crypto destination. Trump Backs CFTC Chairman Selig on Prediction Markets, Warns States to Stand Down On Truth Social, Trump directed &#8230;

Trump Defends Prediction Markets and Bitcoin in Truth Social Post Praising CFTC’s Selig

Bitcoin price started a downside correction from the $77,800 zone. BTC is 
showing bearish signs and might continue lower below $75,500. Bitcoin failed 
to stay above $77,000 and extended losses. The price is trading below $76,800 
and the 100 hourly simple moving average. There was a break below a declining 
channel with support at $76,250 on the hourly chart of the BTC/USD pair (data 
feed from Kraken). The pair might extend losses if it stays below the $76,200 
and $76,500 levels. Bitcoin Price Dips Further Bitcoin price failed to clear 
the $77,500 resistance zone. BTC started a downside correction and declined 
below the key support at $76,500 to enter a bearish zone. There was a move 
below the 50% Fib retracement level of the upward move from the $74,210 swing 
low to the $77,810 high. Besides, there was a break below a declining channel 
with support at $76,250 on the hourly chart of the BTC/USD pair. Bitcoin is 
now trading below $76,500 and the 100 hourly simple moving average. If the 
price remains stable above $75,500, it could attempt a fresh increase. 
Immediate resistance is near the $76,000 level. The first key resistance is 
near the $76,250 level. A close above the $76,250 resistance might send the 
price further higher. In the stated case, the price could rise and test the 
$77,000 resistance. The next resistance could be near the $77,200 level. Any 
more gains might send the price toward the $78,000 level. The main hurdle for 
the bulls could be $79,500. Downside Extension In BTC? If Bitcoin fails to 
rise above the $76,500 resistance zone, it could start another decline. 
Immediate support is near the $75,550 level or the 61.8% Fib retracement level 
of the upward move from the $74,210 swing low to the $77,810 high. The first 
major support is near the $75,000 level. The next support is now near the 
$74,200 zone. Any more losses might send the price toward the $74,000 support 
in the near term. The main support now sits at $73,500, below which BTC might 
struggle to recover in the near term. Technical indicators: Hourly MACD – The 
MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength 
Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – 
$74,200, followed by $73,500. Major Resistance Levels – $76,500 and $77,000.

Bitcoin price started a downside correction from the $77,800 zone. BTC is showing bearish signs and might continue lower below $75,500. Bitcoin failed to stay above $77,000 and extended losses. The price is trading below $76,800 and the 100 hourly simple moving average. There was a break below a declining channel with support at $76,250 &#8230;

Bitcoin Price Downtrend Gains Pace, Recovery Hopes Continue To Fade

Whale traders have taken their most aggressive net-long positions in eight 
months on Hyperliquid&#8217;s HYPE token, even as retail participants sit at a 
12-month bearish extreme — a gap that data suggests typically resolves in 
favor of the larger players. Related Reading: When Bitcoin Gets Ignored, It 
Tends To Rally The Hardest, Analyst Says Retail Traders Stand Back As Big 
Money Moves In Data from Alphractal shows that since early May, large traders 
have been quietly building leveraged long positions while retail participants 
turned bearish and began short selling into the rising trend. That kind of 
split has historically triggered a wave of short covering by retail traders, 
pushing prices higher. HYPE was trading at $62.05 at the time of reporting, 
with a 24-hour trading volume of $830 million and a market cap of over $15 
billion. The token slipped 2% over the past day, but its technical picture has 
stayed firmly bullish. Prices are tracking well above the 20-day simple moving 
average of $47.97 and have broken above the upper Bollinger Band, which 
analysts say signals strong momentum but also short-term overextension. #HYPE 
Tarihi direnç olan, grafikte belirttiğim Çanak direnci üzeri gün kapanışı 
yapmayı başardı. 59.54$ direnci üzerinde tutunduğu sürece grafikte belirtiğim 
çanak hedefi olan 170$ seviyelerini hedefleyecektir. Grafiği cidden güzel. 
Yakın takibinizde olsun. https://t.co/k3F6qaxRh6 pic.twitter.com/DiacAmgSN2 — 
Bitcoin Meraklısı (@Bitcoinmeraklsi) May 25, 2026 The Line To Watch Crypto 
analyst Bitcoin Meraklisi flagged a key development: HYPE closed a daily 
candle above $59.54, a level that had acted as stubborn resistance for months. 
Based on the structure of what analysts describe as a cup formation, that 
breakout opens a measured technical path toward $170 — a level that would 
represent roughly a 175% move from current prices. The $59.54 zone is now 
viewed as critical support. If the price holds above it, traders say the 
bullish case stays intact. A failure to hold could put the breakout in doubt. 
NEW: @Grayscale submits another Hyperliquid ETF filing! This one is amendment 
#3. Ticker will be $GHYP when it launches. Have to assume we are getting 
closer to a launch where we&#8217;ll have three hyperliquid:native ETFs on U.S. 
exchanges pic.twitter.com/lvrR3qbxM6 — James Seyffart (@JSeyff) May 22, 2026 
The broader rally started taking shape in mid-May, following a period of 
consolidation through April. Prices have climbed sharply since then, and the 
MACD indicator has been trending upward in positive territory, with growing 
green histogram bars backing up the move. Related Reading: History Shows 
Bitcoin ETF Outflows Favor Accumulation, Says Santiment MACD Trend Aligns With 
Broader Market Push The Bollinger Bands have widened significantly, pointing 
to elevated volatility. TradingView data shows the price has risen sharply 
from lows seen in early February to its current range. In a separate but 
related development, Grayscale has filed a third amendment with the SEC 
related to a potential Hyperliquid ETF, while payments firm MoonPay has 
launched access to USDH and USDC through the Hypercore network — moves that 
reflect growing institutional interest around the Hyperliquid ecosystem. 
Featured image from Unsplash, chart from TradingView

Whale traders have taken their most aggressive net-long positions in eight months on Hyperliquid&#8217;s HYPE token, even as retail participants sit at a 12-month bearish extreme — a gap that data suggests typically resolves in favor of the larger players. Related Reading: When Bitcoin Gets Ignored, It Tends To Rally The Hardest, Analyst Says Retail &#8230;

HYPE Price Breakout Ignites Rally Talk Toward $170 Target

Binance is entering a Philippine SEC sandbox to test digital-asset services 
under local oversight. The supervised model pairs domestic compliance approval 
with Binance’s technology, security, operations, and regulatory experience. 
Binance Builds Philippine Sandbox Route With Blockshoals Crypto exchange 
Binance announced on May 26 that it is partnering with Blockshoals 
Technologies Inc. under the Philippine Securities […]

Binance is entering a Philippine SEC sandbox to test digital-asset services under local oversight. The supervised model pairs domestic compliance approval with Binance’s technology, security, operations, and regulatory experience. Binance Builds Philippine Sandbox Route With Blockshoals Crypto exchange Binance announced on May 26 that it is partnering with Blockshoals Technologies Inc. under the Philippine Securities &#8230;

Binance Brings Compliance-First Crypto Platform to the Philippines

Nvidia&#8217;s Taiwan HQ project underscores strategic alignment with TSMC, boosting 
local tech jobs but facing geopolitical risks.
The post Nvidia CEO announces Taiwan headquarters project to start 
construction in 2026 appeared first on Crypto Briefing.

Nvidia&#8217;s Taiwan HQ project underscores strategic alignment with TSMC, boosting local tech jobs but facing geopolitical risks. The post Nvidia CEO announces Taiwan headquarters project to start construction in 2026 appeared first on Crypto Briefing.

Nvidia CEO announces Taiwan headquarters project to start construction in 2026

The ruling highlights the growing tension between AI innovation and copyright 
law, potentially reshaping global AI market regulations.
The post MiniMax loses bid to end Disney copyright lawsuit over AI system 
appeared first on Crypto Briefing.

The ruling highlights the growing tension between AI innovation and copyright law, potentially reshaping global AI market regulations. The post MiniMax loses bid to end Disney copyright lawsuit over AI system appeared first on Crypto Briefing.

Trump Defends Prediction Markets and Bitcoin in Truth Social Post Praising CFTC’s Selig

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