Prediction market platform Kalshi is partnering with Elon Musk’s artificial intelligence startup, xAI, to provide tailored insights for users making bets on real-world events. The collaboration aims to enhance Kalshi’s event-based derivatives marketplace by integrating xAI’s models, which are trained…

Kalshi taps Elon Musk’s xAI to power prediction market insights

Long-term U.S. Treasury yields loom near 18-year peaks as anxieties over 
global sovereign debt deepen, challenging faith in conventional financial safe 
havens. Investors Dump Long-Dated Bonds as Credit Risks Spread This week, U.S. 
Treasury yields approached critical thresholds: The 30-year bond briefly 
breached 5% for the first time in 16 years, fueled by Moody’s decision […]

Systemic Stress Tests Bond Markets as Long Yields Skyrocket Globally

Ethereum is holding strong above the $2,500 mark after a volatile two-week 
stretch marked by heavy resistance and indecisive price action. While bulls 
have successfully defended key support levels, ETH continues to struggle 
against the supply wall just below $2,800. The broader crypto market mirrors 
this sideways trend, with Bitcoin and total market cap also trapped within 
tight ranges, limiting bullish momentum across the board. Related Reading: 
Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus 
Analysts are growing optimistic about the potential for an altseason — but 
only if Ethereum can convincingly reclaim the $3,000 level. A decisive 
breakout above that mark would signal renewed strength and likely spark a 
broader rally in altcoins, many of which have lagged behind in recent weeks. 
Top analyst Daan shared a technical breakdown, noting that Ethereum’s price 
action has been volatile over the past two weeks. He emphasized that ETH is 
currently range-bound, much like BTC and the rest of the crypto market. Until 
there’s a clear breakout from this local structure, traders remain cautious. 
Ethereum Bulls Hold Structure But Momentum Cools Ethereum bulls gained 
traction earlier this month when the price surged above the $2,200 level with 
ease, establishing a bullish structure for the first time in weeks. Momentum 
accelerated quickly, with ETH breaking through $2,550 on Sunday before 
retracing just as fast into the $2,400 zone. The rapid up-and-down action 
highlights the current uncertainty in the market, where investors remain 
cautious despite recent strength. The Sunday pullback added weight to analyst 
warnings that Ethereum could face short-term selling pressure before 
confirming the next leg up. While many remain bullish on ETH’s medium-term 
trajectory, they acknowledge that momentum has cooled and the market is 
pausing to reassess. Daan provided insights into Ethereum’s behavior, 
describing the price action as “pretty messy” over the past two weeks. He 
pointed out that ETH, like Bitcoin and the broader crypto market cap, is 
currently trapped in a tight range. According to Daan, he’s “not looking to do 
much until we at least convincingly break out of this local range.” The 
defined range sits between $2,100 (key support) and $2,800 (major resistance). 
If Ethereum holds above current levels and pushes past $2,800, it could 
trigger a fresh wave of bullish momentum. Until then, consolidation may 
persist. Related Reading: Ethereum Flashes Golden Cross Signal – Can Bulls 
Push ETH To $3,000? ETH Consolidates Below Resistance As Bulls Hold The Line 
Ethereum (ETH) is currently trading at $2,539 after a volatile week marked by 
strong bullish attempts and growing resistance pressure. The daily chart shows 
ETH attempting to hold above the 200-day EMA ($2,440.71), which has now turned 
into a short-term support zone. Meanwhile, the 200-day SMA sits higher at 
$2,701.31, acting as a key resistance level Ethereum must overcome to confirm 
a sustained rally. After a sharp rally in early May that propelled ETH from 
under $2,000 to above $2,700, the price has entered a period of consolidation. 
This pause comes after multiple failed attempts to break and hold above the 
$2,700 resistance, just under the 200SMA. Volume has decreased, and the recent 
price action suggests a battle between bulls trying to defend the $2,500 level 
and bears pressing to cap upside moves. Related Reading: Cardano Whale 
Activity Spikes – 80 Million ADA Added In 48 Hours The bullish structure 
remains intact as long as ETH stays above the 200EMA and within the 
$2,400–$2,600 range. However, a failure to maintain current support could 
expose Ethereum to a deeper retracement toward $2,200. For bulls, reclaiming 
$2,700 is essential to unlock the next leg higher toward the psychological 
$3,000 level. Until then, traders should expect choppy price action and 
tightening volatility. Featured image from Dall-E, chart from TradingView

Range-Bound Ethereum Sees Volatility – High Timeframe Levels Hold The Key

Bybit exchange has announced the launch of direct trading for top global 
stocks using USDT. This new feature, part of Bybit’s expanding Gold &amp; Forex 
(MT5) product suite, allows users to trade 78 popular Contracts for Difference 
(CFDs), including Apple, Tesla, Meta, Nvidia, and Amazon, without the need for 
fiat onboarding. This provides traders with […]

Bybit Launches Direct Trading of Global Stocks Using USDT

Crypto veteran Raoul Pal has shared his thoughts on the XRP price, predicting 
it still has more room to rally to the upside. The altcoin is expected to hit 
a new all-time high (ATH) as it rallies higher. XRP Price Primed For Another 
Leg Higher In a YouTube video, Pal remarked that XRP’s chart is one to behold 
and that its price will likely get another leg higher at some point. His 
accompanying chart showed a bull flag that had formed for the altcoin since 
last year, after its parabolic rally to the $2 range. Its price is currently 
in the consolidation phase, with a breakout usually occurring after this 
phase. Related Reading: XRP Price Explosion To $5.9: Current Consolidation 
Won’t Stop XRP From Growing Based on the chart, the price could rally to as 
high as $5, which would mark a new all-time high (ATH) for the altcoin. 
Interestingly, before its surge late last year, the crypto veteran had advised 
investors to sell their dino coins like XRP and ADA. However, following the 
pump, he admitted he was wrong and became bullish on the altcoin. This 
prediction comes amid the launch of the CME XRP and Micro XRP futures, which 
are bullish for its price. These products will provide institutional investors 
with exposure to the altcoin and are also integral to the approval of a Spot 
XRP ETF. An XRP ETF is one of the factors that crypto analyst BarriC believes 
could quickly drive prices to $10. In the short term, crypto analyst Ali 
Martinez has suggested that the XRP price could retrace before it rallies 
higher. In an X post, he stated that the asset could return to $2 if it loses 
the critical $2.30 support. Crypto analyst CasiTrades had also warned that the 
altcoin could witness a correction following its failure to hold above $2.6 
successfully. The Altcoin Could Hit ATH After This Correction Crypto analyst 
Dark Defender has suggested that the XRP price could hit its ATH after this 
market correction, stating that the rally to ATH is closer than anyone else 
can think of. This came as he revealed that the token has completed the A Wave 
and is now on the B Wave of Wave 2, meaning that this corrective wave is in 
its midway. Related Reading: $40 Billion Worth Of XRP On The Move – Where Are 
They Headed? The crypto analyst predicts that the XRP price could reach $3.333 
after the B and C Waves in this Wave 2 corrective move. Meanwhile, the support 
levels to watch out for are $2.3502 and $2.2222, while the resistance levels 
to keep an eye for are $2.58 and $3.3333. At the time of writing, the XRP 
price is trading at around $2.38, up over 2% in the last 24 hours, according 
to data from CoinMarketCap. Featured image from Getty Images, chart from 
Tradingview.com

XRP Price Will Still Rally From Here, Crypto Veteran Raoul Pal Forecasts

After weeks of speculation among crypto enthusiasts and news outlets, Tron 
founder Justin Sun has claimed he owns the wallet that purchased the largest 
amount of Donald Trump&#8217;s memecoin, allowing him to qualify for a dinner and 
reception with the US president.
In a May 19 X post, Sun said he had received an invitation to attend Trump&#8217;s 
dinner at his golf club outside Washington, DC, as part of a reward for the 
top 220 memecoin holders. The Tron founder claimed he controlled the top 
wallet on the TRUMP token leaderboard under the username &#8220;Sun,&#8221; which held 
roughly $19 million worth of the memecoin at a price of $13.20.
According to Sun, he plans to network at the May 22 memecoin dinner, &#8220;talk 
crypto,&#8221; and &#8220;discuss the future&#8221; of the industry. It&#8217;s unclear why the Tron 
founder chose to announce his planned presence at the event now, when the 
leaderboard was finalized on May 12.
Cointelegraph reached out to a spokesperson for Sun for comment, but had not 
received a response at the time of publication.
_Source:__Justin Sun_
Though not a surprise to many who speculated that Sun was the individual 
behind the memecoin purchases, his attendance at the dinner only deepens his 
ties to the Trump administration and the president&#8217;s family. In addition to 
the dinner for the 220 tokenholders, Trump said he would hold a reception and 
&#8220;VIP tour&#8221; for the top 25 wallets on the leaderboard.
_**Related:**__**What to expect at Trump &#8216;s memecoin dinner**_
Sun spent $75 million on tokens through World Liberty Financial, the crypto 
platform backed by Trump&#8217;s three sons, including a $30 million investment a 
few weeks after the 2024 election. The Tron founder is also an adviser to the 
company.
Before Trump won the November election, Sun had been facing a lawsuit from the 
US Securities and Exchange Commission (SEC) filed in 2023 over the alleged 
&#8220;orchestration of the unregistered offer and sale, manipulative trading, and 
unlawful touting of crypto asset securities.&#8221; In February, roughly a month 
after Trump took office and appointed Commissioner Mark Uyeda as acting chair 
of the SEC, the regulator and Sun jointly filed a motion for a federal judge 
to stay the case, which was granted.
## Memecoin&#8217;s potential conflicts of interest are affecting Congress
Sun&#8217;s and others&#8217; involvement in Trump&#8217;s crypto ventures has prompted calls 
for investigations and oversight among many Democratic lawmakers, who argued 
that some individuals could use digital assets to essentially purchase 
influence with the president. The concerns initially slowed progress on a bill 
to regulate stablecoins in the Senate, the GENIUS Act, complicated by World 
Liberty Financial&#8217;s own stablecoin, USD1. The chamber voted to move forward on 
the bill on May 19, a few hours before Sun&#8217;s announcement.
&#8220;How convenient: the day after the Senate advances the GENIUS Act, Justin Sun 
&#8212; a major investor in the Trump family crypto venture &#8212; announces he&#8217;s 
getting a private dinner as the president&#8217;s top crypto buyer,&#8221; said 
Massachusetts Senator Elizabeth Warren, according to Bloomberg. &#8220;It&#8217;s critical 
that everyone understands the GENIUS Act doesn&#8217;t stop this type of corruption 
&#8212; it greenlights it.&#8221;
At a May 20 oversight hearing, Maryland Representative Glenn Ivey questioned 
SEC Chair Paul Atkins on Sun&#8217;s case being stayed, as well as his investments 
in World Liberty Financial and Trump&#8217;s memecoin. Though the case was stayed 
before Atkins was sworn in as chair, Ivey expressed concern about the timeline 
between Sun&#8217;s investments and the SEC not pursuing its own enforcement action.
The memecoin dinner applicants are likely still subject to background checks 
before meeting Trump in person. As of May 20, those planning to attend 
included Kronos Research chief investment officer Vincent Liu, Hyperithm co- 
CEO Oh Sangrok, Synthetix founder Kain Warwick, a consultant named Vincent 
Deriu, crypto user Morten Christensen, a World Liberty Financial adviser going 
by the pseudonym &#8220;Ogle,&#8221; and a representative from the startup MemeCore.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_