Solana co-founder Raj Gokal&#8217;s personal information was leaked on a series of Instagram posts uploaded on U.S. hip-hop group Migos’ Instagram page in an apparent hack. On May 27, an Instagram account belonging to American rap trio, Migos, was reportedly…

Solana co-founder doxxed on hacked rap group Migos’ Instagram account

Shares of video game and collectibles retailer GameStop dropped nearly 11% on 
May 28 after the company announced its first Bitcoin purchase, triggering a 
classic sell-the-news reaction.
The stock closed at $31.21 on the New York Stock Exchange, according to Google 
Finance.
The company announced the purchase of 4,710 Bitcoin (BTC) valued at roughly 
$513 million on May 28. GameStop confirmed plans to create a BTC treasury 
strategy on March 26, following months of investor speculation and rumors that 
it would begin accumulating the cryptocurrency.
Trump Media and Technology Group (TMTG), the parent company of President 
Donald Trump&#8217;s Truth Social platform, also saw its shares plunge after 
announcing a $2.5 billion capital raise to purchase Bitcoin. Since the May 27 
announcement, TMTG stock has dropped over 24%.
_GameStop &#8216;s stock has experienced a pullback following the company&#8217;s first 
Bitcoin purchase. Source: __TradingView_
GameStop&#8217;s move to adopt Bitcoin as a treasury reserve asset reflects a 
growing trend among companies turning to Bitcoin to safeguard cash reserves or 
reposition themselves as Bitcoin acquisition vehicles.
_**Related:**__**Bitcoin accepted at fast food chain Steak &#8216;n Shake from May 
16**_
## Bitcoin as a hedge against fiat currency inflation
Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, GameStop CEO 
Ryan Cohen said that &#8220;Bitcoin and gold can be hedges against global currency 
devaluation and systemic risk.&#8221; According to Cohen:
&gt; &#8220;Bitcoin has certain unique advantages compared to gold. The portability 
&gt; aspect, it&#8217;s instantly transferable across the globe, whereas gold is bulky 
&gt; and very expensive to ship, the authenticity is instantly verified via the 
&gt; blockchain. You can easily secure Bitcoin in a wallet, whereas gold requires 
&gt; insurance, and it is very expensive.&#8221;
The CEO also cited the absolute scarcity of Bitcoin and the potential for 
gold&#8217;s inflation rate to increase due to technological advancements as a 
factor in favor of choosing Bitcoin over gold for long-term value storage.
_GameStop CEO Ryan Cohen discusses the rationale for the company &#8216;s Bitcoin 
acquisition. Source: __Bitcoin Magazine_
Bitcoin also has a greater potential upside since the digital asset is still 
in its infancy and continues to be monetized. according to Cohen.
&#8220;Gold is a more mature market. It is roughly around $20 trillion in market 
capitalization, whereas Bitcoin today is about $2 trillion,&#8221; the GameStop CEO 
said.
_**Magazine:**__**Bitcoin miners steamrolled after electricity thefts, 
exchange &#8216;closure&#8217; scam: Asia Express**_

GameStop shares sink 11% after BTC purchase

U.S. stocks closed lower on Wednesday after the Federal Reserve released the 
minutes from its May policy meeting. The Dow Jones Industrial Average lost 
0.58%, or 245 points, while the S&amp;P 500 and Nasdaq Composite indices fell 
0.56% and 0.51%,…

Dow drops 245 points as Fed minutes spooks Wall Street

Michael Saylor, founder of business intelligence firm Strategy (formerly 
Microstrategy), predicted bitcoin will become the foundational network for 
settling global financial transactions, drawing a direct parallel to how gold 
underpinned the 19th-century banking system dominated by the Rothschild 
family. Michael Saylor Forecasts Bitcoin as Core Settlement Asset, Evoking 
19th-Century Banking Analogy Speaking at the Bitcoin […]

Drawing Parallel to Rothschilds, Michael Saylor Says Bitcoin Will Anchor Future ‘Cash’ Settlement

**Key point:**
 * Bitcoin&#8217;s market structure is still bullish, even as a phase of profit taking and consolidation sets in.
Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating 
that the bears are fiercely defending the level. Bitfinex analysts said in a 
market note that profit-taking generally follows after Bitcoin hits a new all- 
time high after a sharp rally. The report added that a mild retracement or 
consolidation would be healthy and lay the foundation for the next leg higher.
Glassnode had a similar view. In its latest report, the market intelligence 
company said that the relative strength indicator (RSI) has weakened, 
suggesting easing momentum, which could lead to &#8220;a potential pause or reversal 
in the recent bullish trend.&#8221;
_Crypto market data daily view. Source:__Coin360_
Even if a correction happens, dips are likely to be purchased. Material 
Indicators co-founder Keith Alan remains bullish as Bitcoin continues to trade 
above $100,000, and the whales are accumulating. He expects Bitcoin to find 
support near the $94,000 level.
What are the critical levels to watch out for in Bitcoin and altcoins? Let&#8217;s 
analyze the charts of the top 10 cryptocurrencies to find out.
## Bitcoin price prediction
Bitcoin&#8217;s failure to maintain above the $109,588 level may have attracted 
selling by short-term traders.
_BTC/USDT daily chart. Source: Cointelegraph/TradingView_
The bears will try to pull the price to the 20-day exponential moving average 
($105,453), which is a key level to watch out for. If the price rebounds off 
the 20-day EMA with strength, it suggests that the sentiment remains positive 
and traders are buying on dips. That improves the prospects of a retest of the 
$111,980 level. If buyers overcome the $111,980 resistance, the BTC/USDT pair 
could surge to $130,000.
Contrarily, a break and close below the 20-day EMA could strengthen the bears. 
The pair could then plummet to the psychologically crucial support of 
$100,000, which is likely to attract solid buying by the bulls.
## Ether price prediction
Buyers could not push Ether (ETH) above the $2,738 resistance on May 27, but 
they have kept up the pressure.
_ETH/USDT daily chart. Source: Cointelegraph/TradingView_
The ETH/USDT pair has formed a bullish ascending triangle pattern, which will 
complete on a break and close above $2,738. That clears the path for a rally 
to $3,000 and later to the pattern target of $3,153.
This optimistic view will be negated in the near term if the price turns down 
and breaks below the 20-day EMA ($2,467). The failure of a bullish setup may 
trap the aggressive bulls, sinking the pair to $2,323 and below that to 
$2,111.
## XRP price prediction
XRP (XRP) has been trading between the moving averages, indicating a lack of 
aggressive buying or selling.
_XRP/USDT daily chart. Source: Cointelegraph/TradingView_
The flattish 20-day EMA ($2.33) and the RSI just below the midpoint do not 
give a clear advantage either to the bulls or the bears. If the price dips 
below the 50-day SMA ($2.24), the XRP/USDT pair could dive to the $2 support. 
Buyers are expected to fiercely defend the $2 level because a break below it 
may sink the pair to $1.61.
On the upside, a break and close above the 20-day EMA opens the gates for a 
rally to $2.65. Buyers will have to drive the pair above $2.65 to catapult the 
price to $3.
## BNB price prediction
Buyers pushed BNB (BNB) above the $693 resistance on May 27 but could not 
sustain the higher levels.
_BNB/USDT daily chart. Source: Cointelegraph/TradingView_
The price action of the past few days has formed a bullish ascending triangle 
pattern, which will complete on a break and close above $693. If that happens, 
the BNB/USDT pair could rally toward the pattern target of $752.
The 20-day EMA ($658) is the critical support to watch out for on the 
downside. A break and close below the 20-day EMA could accelerate selling as 
the aggressive bulls may cover their positions. That could tug the pair to the 
50-day SMA ($622).
## Solana price prediction
Solana (SOL) has been consolidating inside a narrow range between the 20-day 
EMA ($169) and the overhead resistance at $180.
_SOL/USDT daily chart. Source: Cointelegraph/TradingView_
If the price turns down and breaks below the 20-day EMA, it suggests that the 
bulls are booking profits. The SOL/USDT pair could descend to $159 and later 
to the 50-day SMA ($153), which is likely to attract buyers. If the price 
rebounds off the 50-day SMA, the pair could swing between $153 and $180 for 
some time.
A break and close above $180 signals the resumption of the up move. The pair 
could pick up momentum and rally to the $210 to $220 resistance zone.
## Dogecoin price prediction
Sellers are trying to pull Dogecoin (DOGE) below the immediate support at the 
20-day EMA ($0.22).
_DOGE/USDT daily chart. Source: Cointelegraph/TradingView_
If they succeed, the DOGE/USDT pair could drop to the horizontal support at 
$0.21. Buyers are expected to defend the $0.21 level with all their might 
because a break below it could sink the pair to the 50-day SMA ($0.19). Such a 
move brings the large $0.14 to $0.26 range into play.
On the contrary, a rebound off $0.21 suggests the bulls are vigorously 
defending the level. That could keep the pair inside the $0.21 to $0.26 range 
for a few more days.
## Cardano price prediction
Buyers have managed to keep Cardano (ADA) above the neckline of the inverse 
head-and-shoulders (H&amp;S) pattern, but the bounce lacks strength.
_ADA/USDT daily chart. Source: Cointelegraph/TradingView_
That increases the risk of a break below the 50-day SMA ($0.70). If that 
happens, the ADA/USDT pair could plunge to the solid support at $0.60. That 
suggests the markets have rejected the breakout from the bullish setup.
Buyers will have to push the price above the $0.86 resistance to indicate the 
resumption of the up move. The pair may then rally to $1.01, where the bears 
may mount a strong defense.
_**Related:**__**SUI price chart hints at 2x rally amid Nasdaq ETF filing**_
## Sui price prediction
Sui (SUI) turned down from the 20-day EMA ($3.66) on May 28, indicating that 
the sentiment remains negative and the traders are selling on rallies.
_SUI/USDT daily chart. Source: Cointelegraph/TradingView_
The bears will try to sink the SUI/USDT pair to the 50-day SMA ($3.24), which 
is a key level to keep an eye on. If the price rebounds off the 50-day SMA, 
the bulls will try to clear the 20-day EMA hurdle. If they can pull it off, 
the pair may rally to the $3.90 to $4.25 overhead zone.
On the other hand, a break and close below the 50-day SMA suggests that the 
bears remain in control. The pair could then plunge to the $2.86 support.
## Hyperliquid price prediction
Hyperliquid (HYPE) turned down from $40 on May 26 and broke below the breakout 
level of $35.73 on May 28.
_HYPE/USDT daily chart. Source: Cointelegraph/TradingView_
There is support at $32, but if the level cracks, the HYPE/USDT pair could 
extend the slide to the 20-day EMA ($30). Buyers will try to start a bounce 
off the 20-day EMA but may face stiff resistance at $35.73.
The first sign of strength will be a break and close above $35.73. That 
suggests solid demand at lower levels. The bulls will then make one more 
attempt to drive the pair to the overhead resistance of $42.25.
## Chainlink price prediction
Chainlink (LINK) continues to find support at the neckline of the H&amp;S pattern, 
but the bulls have failed to start a strong rebound.
_LINK/USDT daily chart. Source: Cointelegraph/TradingView_
The 20-day EMA ($15.66) is flattening out, and the RSI is near the midpoint, 
indicating a balance between supply and demand. Buyers will have to push the 
price above $18 to gain the upper hand. If they do that, the LINK/USDT pair 
could rally to $19.80.
Instead, if the price turns down and breaks below the 50-day SMA ($14.68), it 
suggests that the markets have rejected the breakout above the resistance 
line. The pair could then drop to $13.20.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Price predictions 5/28: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

XRP has achieved another impressive milestone with the Dubai Land Department’s 
announcement of a $16 billion real estate tokenization project on the XRP 
Ledger (XRPL). This development has been lauded as one of the factors that 
could spark an XRP price rally. XRP Records Milestone With New Dubai Land 
Department Project In a press release, Ctrl Alt revealed that it has partnered 
with Dubai Land Department (DLD) to develop a secure and compliant 
tokenization framework. The project will focus on structuring, minting, and 
tokenizing real estate deeds on the blockchain. The release also mentioned 
that the XRP Ledger has been chosen for the tokenization project, representing 
a huge achievement for the XRP ecosystem. Related Reading: Is There A “Secret 
XRP Ledger” And Is The Price Really At $1,000? Ctrl Alt noted that the XRP 
Ledger is a decentralized layer-1 blockchain, which is renowned for its 
decade-long reliability and stability in tokenizing and exchanging digital and 
real-world assets. This move is expected to further enhance the network’s 
utility and ultimately increase demand for XRP, the network’s native token. 
Ripple Executive Reece Merrick commented on the development, noting that the 
Dubai Land Department forecasts a $16 billion tokenized real estate market by 
2033. This represents 7% of total property transactions, which would be 
processed on the XRP Ledger. Pro-XRP lawyer John Deaton also commented on this 
milestone. In an X post, he remarked that people fail to realize that the XRP 
Ledger, which was created in 2012, has the world’s first decentralized 
exchange (DEX). He added that this DEX was designed for RWA tokenization, such 
as real estate, indicating that the XRPL is the perfect choice for the DLD. 
Crypto analyst Cryptoinsight highlighted how bullish this milestone is for the 
XRP price, predicting that it could be one of the catalysts that sparks a 
rally to $12. This will mark a new all-time high (ATH) for the altcoin. Other 
Recent Milestones For XRP And The XRP Ledger XRP has recorded some other 
milestones in the last week. Brazil’s Braza Group announced that its new USD- 
backed stablecoin, USDB, will launch on the XRP Ledger. This will give 
individuals and institutions a seamless and secure way to move value across 
borders. It is worth mentioning that Braza had already launched the BBRL, a 
Real-backed stablecoin, on the XRP Ledger earlier this year. Related Reading: 
XRP Price At $10-$20 Only The Beginning, It’s Headed For $1,000 – Analyst 
Reveals Meanwhile, Schuman Financial’s EURØP became the first MiCA-compliant 
euro stablecoin on the XRP Ledger last week. Ripple noted that this is a key 
step toward compliant stablecoin adoption, enabling payments, tokenized real- 
world assets (RWAs), and on-chain finance in the European market. Mayukha 
Vadari, a software engineer at Ripple, has also teased a number of exciting 
new features coming soon to the XRP Ledger. At the time of writing, the XRP 
price is trading at around $2.30, up in the last 24 hours, according to data 
from CoinMarketCap. Featured image from Getty Images, chart from 
Tradingview.com