Blockonomi

TLDR:
Wintermute is now quoting two-sided markets on event contracts across venues doing $20 billion monthly in volume.
The prediction market industry has crossed $60 billion in 2026, yet still lacks the institutional liquidity it needs to mature.
Event contracts price real-world outcomes directly, offering more targeted exposure than equities, rates, or currencies.
Wintermute’s existing crypto infrastructure covers custody, collateral, and risk management that prediction market venues already require.
Wintermute has moved into the prediction market industry, now providing liquidity across event contracts on leading venues.
The algorithmic trading firm brings over $3.5 trillion in annual trading volume to a segment that has crossed $60 billion in 2026.
This entry marks a turning point for prediction markets, as institutional-grade infrastructure begins supporting a fast-growing but liquidity-thin space.
A $60 Billion Market That Needed Institutional Depth
The prediction market industry has expanded at a pace few anticipated just years ago. Trading volume across leading venues now exceeds $20 billion per month as of early 2026. That growth has outpaced the liquidity infrastructure needed to support it properly.
Wintermute is stepping in to close that gap by quoting continuous bid and offer prices across event contracts. Two-sided liquidity tightens spreads and allows participants to trade in larger sizes. Over time, this also strengthens the accuracy of probabilities that these markets produce.
Prediction markets are emerging as a distinct asset class, pricing probabilities on events that traditional markets don't capture cleanly
Wintermute is now providing liquidity on event contracts across leading venues pic.twitter.com/ekWn2SnCcJ
— Wintermute (@wintermute_t) May 29, 2026
Jake Ostrovskis, Head of OTC Trading at Wintermute, addressed the core problem directly. “Prediction markets have the demand profile of a major asset class but the liquidity profile of an early-stage one,” he said.
He added that sustained two-sided liquidity is what allows these markets to become reliable real-time probability tools.
Ostrovskis further noted that deeper liquidity does more than improve execution. “That depth tightens spreads, supports larger trade sizes, and in turn improves the signal embedded in market prices,” he explained.
“That is where Wintermute can add value.” Wintermute already operates across more than 70 exchanges, making this expansion a natural fit.
Why Wintermute Is Betting on Event Contracts
Prediction markets price real-world outcomes directly, rather than through traditional proxies like equities or currencies. For institutions managing exposure to specific catalysts, this offers a more targeted tool.
Policy decisions, economic data releases, and other discrete events become tradeable with greater precision.
Wintermute captured that distinction in a public statement, saying “prediction markets are emerging as a distinct asset class, pricing probabilities on events that traditional markets don’t capture cleanly.”
That framing reflects how the firm views the segment’s broader role in financial markets. It also explains why the firm sees long-term value in committing liquidity here.
Many prediction market venues also operate on public blockchains using stablecoin settlement systems. This aligns closely with infrastructure Wintermute already manages across spot, DeFi, and OTC crypto markets.
Custody, collateral, and risk management requirements are already part of the firm’s daily operations.
That overlap makes the move into prediction markets a practical extension rather than an entirely new venture. Wintermute Group’s existing systems handle the technical demands these venues require.
As the industry continues its growth trajectory, institutional participation from firms like Wintermute is likely to accelerate further adoption across the space.
The post Wintermute Expands Into Prediction Markets as Segment Tops $60B in 2026 appeared first on Blockonomi.

TLDR:
XRP is trading at $1.34, posting a 2.80% gain in 24 hours with over $2.15 billion in trading volume.
Binance Exchange Supply Ratio has trended downward throughout May, pointing to reduced immediate selling pressure.
XRP’s NVT Ratio declined 23.73% to 151.53, suggesting the asset is fairly valued relative to network activity.
The Awesome Oscillator remains near zero, reflecting market indecision and neither bullish nor bearish momentum dominance.
XRP is showing early signs of a potential market reversal as multiple on-chain indicators align. The asset is trading at $1.34 as of writing, reflecting a 2.80% gain over the past 24 hours.
Trading volume stands at over $2.15 billion, pointing to continued market participation. Analysts tracking exchange supply, network valuation, and momentum data suggest the asset may be nearing the end of its bottoming phase.
Exchange Supply Data Points to Reduced Selling Pressure
XRP’s price has been consolidating around the $1.33 range after months of sharp volatility. The movement has narrowed considerably, forming what analysts describe as an equilibrium zone. This kind of tight price action often appears before a directional move develops.
The Exchange Supply Ratio on Binance has been trending downward throughout May. After peaking in March and April, the ratio entered a clear decline, suggesting investors are moving XRP off exchanges. Coins leaving exchanges typically reduce the available supply for immediate selling.
When holders move assets into private wallets, it often reduces short-term selling pressure. This behavior can lay the groundwork for a price recovery over the medium term. The trend has been consistent enough to draw attention from market analysts.
PelinayPA noted in a recent market post that the declining exchange supply ratio may help create a foundation for an upward move. The combination of reduced exchange holdings and stable price action adds weight to the bottoming thesis currently circulating among analysts.
NVT Ratio Decline Adds to Valuation Case for XRP
The NVT Ratio for XRP has dropped sharply by 23.73%, bringing it to a reading of 151.53. The NVT Ratio compares market value to on-chain transaction volume. A falling reading suggests the asset is not overvalued relative to its network activity.
In crypto market analysis, a low or declining NVT is often read as a sign that an asset trades at a relatively fair or attractive level. It means network usage remains strong even as price consolidates. This combination can attract buyers who rely on fundamental on-chain data.
The Awesome Oscillator, meanwhile, remains just below the zero line with minimal bar readings. Neither buyers nor sellers hold a clear momentum advantage at this point. This neutral reading supports the view that the market is still searching for direction.
Taken together, the NVT decline and the AO neutrality paint a picture of a market at a crossroads. The absence of strong bearish momentum, paired with easing exchange supply, keeps the bullish case intact. Analysts continue to watch the $1.33 area as a key level for any potential move higher.
The post XRP Price Holds at $1.33 as On-Chain Data Points to a Potential Bottom appeared first on Blockonomi.

TLDR:
A federal judge ordered Circle to blacklist Zama’s cUSDC contract, freezing roughly $12.6 million in pooled USDC funds.
Plaintiffs allege Overnight Finance’s Ermilov moved $15.77M from a shared treasury just before an OVN holder vote passed.
Zama’s entire cUSDC pool was frozen because the contract holds funds from all depositors, not just the disputed address.
Activist firm Patagon Management, known for forcing DAO treasury payouts, is one of the co-plaintiffs driving the suit.
A federal court order has led Circle to blacklist Zama’s confidential USDC contract, freezing roughly $12.6 million in funds early Saturday.
The freeze stems from a class action suit filed against Overnight Finance creator Maxim Ermilov. Plaintiffs allege Ermilov diverted more than $15 million from a shared treasury.
The move has drawn attention because it swept innocent users’ funds into the dispute.
Court Order Triggers Freeze on Zama’s Contract
Circle blacklisted the cUSDC contract address at 1:08 a.m. UTC on Saturday. The freeze locked 12,606,386 USDC in the Ethereum-based contract. Public block explorers identify the frozen address as Zama’s confidential USDC token.
Zama CEO Rand Hindi said on X that his team was investigating the freeze. He later wrote that the contract appeared to have been “caught in a crossfire of another case.” Hindi also confirmed that Circle gave no prior warning before the blacklist was executed.
We are investigating the cUSDC contract freeze. I will update here as the situation progresses.
— Rand (@randhindi) May 30, 2026
Because cUSDC wraps the USDC backing every token holder, blacklisting the contract locks the full pool. The frozen amount is slightly more than the disputed deposit, meaning other users’ funds were also swept in. The plaintiffs told the court they were prepared to advance funds to make unrelated parties whole.
Hindi addressed the scale of outside exposure directly. “Since there wasn’t much utility yet for the cUSDC wrapper, there were very little funds in it, and as a result the vast majority (>99%) of funds in the cUSDC contract came from that single hacker’s deposit,” he wrote on X. Zama also announced it would pause the cUSDC, cUSDT, and cWETH contracts during its investigation.
Zama said in a statement that it is “an infrastructure provider, not a mixer or a tumbler.” The firm added that its legal team is working to isolate the flagged address and restore access for affected users as quickly as possible. Hindi also pushed back on any suggestion that the protocol enables money laundering.
“It’s also really useless for hackers to try to use Zama to hide their trail as we are precisely not a mixer and we do not obfuscate the sender and recipient, only balances and amounts,” he wrote.
Overnight Finance Treasury Dispute Explained
The class action was filed on May 28 in the U.S. District Court for the Northern District of California. Three funds holding OVN tokens accuse Ermilov of moving more than $15 million from a shared treasury. The filing describes Ermilov as a Russian national living in Abu Dhabi.
Ermilov built Overnight Finance, a DeFi yield platform that issued the USD+ stablecoin and OVN governance token.
The project raised $850,000 in a pre-seed round led by Hack VC in February 2022. OVN token sales began in September 2023, with holders promised a pro rata claim on the treasury.
The complaint quotes a November 6, 2024 Discord message in which Ermilov wrote, “you can buy 51% of OVNs and vote to have [the Treasury] distributed.”
OVN holders initiated a vote on May 4, 2026, to liquidate the treasury and distribute the funds. Just before the vote crossed a majority threshold on May 11, the lawsuit alleges Ermilov moved more than $15.77 million. About $12.5 million of those funds were USDC, and the bulk ended up in Zama’s cUSDC contract.
Ermilov, however, disputed the plaintiffs’ account. “They had no right to vote the way they did,” he told The Block. He also argued that the token confers no financial entitlement.
“OVN is not a security, so no rights to profit or distributions of any nature,” he said. Asked why funds were moved into Zama’s system, he said the move was meant to “hide balances from general public to minimize personal security risks,” citing recent kidnappings of crypto holders.
Activist Investors and a Familiar Legal Strategy
The plaintiffs in this case are not ordinary token holders. One co-plaintiff, Patagon Management, has built a practice around pressuring DAOs to liquidate treasuries and return value to token holders. The firm is run by Diogenes Casares, who is associated with a group sometimes called the RFV Raiders.
Casares has said the broader community has unwound DAOs including Fei Protocol, Rome DAO, and Temple DAO, and shaped governance of others. “Collectively, these protocols have Risk-Free assets in excess of $1B,” he wrote in January 2023.
Patagon previously sued Wei “Max” Wu over Spartacus DAO, a project whose holders had voted to dissolve it and reclaim the treasury. In that case, a judge granted an emergency restraining order barring Wu from moving $35 million in crypto.
The court also allowed service by NFT, email, and Discord — the same channels the Overnight plaintiffs are now seeking to use on Ermilov.
On May 29, U.S. District Judge P. Casey Pitts issued a text-only order directing Circle to block the USDC and set a hearing for Monday, June 1.
The order came on an ex parte motion, meaning Ermilov’s side had not yet been heard. The June 1 hearing will allow both sides to present arguments.
Onchain investigator ZachXBT called the freeze “precedent setting” for blacklisting a contract where funds are pooled with other users. “Overall I feel bad for Zama users who have now been indirectly impacted with this mess of a US civil case,” he wrote.
The case is now set to test the limits of Circle’s freeze authority in private legal disputes involving pooled DeFi contracts.
The post Circle Freezes $12.6M in Zama’s cUSDC Contract After Court Order in Overnight Finance Suit appeared first on Blockonomi.

TLDR:
Top crypto analyst, Crypto Patel projects Litecoin could reclaim the $100-$140 range during its current accumulation phase.
The analyst expects LTC to target $200-$280 after the next halving-driven market expansion.
A move toward $500-$700 remains possible if Litecoin breaks key resistance during the next cycle.
Reaching $1,000 may require institutional adoption and stronger long-term demand beyond 2030.
Despite years of muted performance and fading investor interest, the analyst believes Litecoin remains positioned within a historically important accumulation zone that could support future gains.
Analyst Maps Litecoin Rally to $1,000 Through Three Phases
Crypto analyst Crypto Patel has presented a multi-cycle roadmap outlining how a Litecoin rally to $1,000 could unfold over the coming years.
According to the analyst, LTC remains in a deep accumulation phase despite trading more than 80% below its all-time high.
In a recent post on X, Patel divided Litecoin’s potential growth into three distinct phases. The first phase involves reclaiming the $100 to $140 range, which he expects could occur between now and 2027 as market conditions improve.
The second phase targets a move toward $200 to $280. Patel believes this stage could develop following the next Litecoin halving cycle, which is expected to strengthen supply-side dynamics and attract renewed market attention.
$LTC Has Been Getting Sold And Ignored For Months Now. Everyone Moved On From It.
But Check The Chart. It's Sitting Right On Top Of A Major Accumulation Range That's Been Holding For A While.
I've Seen This Setup Before. The Coins Nobody Talks About Are Usually The Ones That… pic.twitter.com/gLmt90idft
— Crypto Patel (@CryptoPatel) May 30, 2026
His final phase focuses on the next major bull market peak. During that period, the analyst expects Litecoin to challenge its previous record high before extending toward the $500 to $700 range.
While Patel acknowledged that a Litecoin rally to $1,000 remains possible, he described it as a longer-term objective that may require conditions extending beyond 2030.
The analyst assigned a 20% to 30% probability to a move toward $500. However, he estimated only a 5% to 10% chance of Litecoin reaching $1,000 under an extreme bullish scenario supported by stronger institutional participation.
Why Litecoin Bulls See Opportunity Despite Market Skepticism
Patel argues that Litecoin’s current market structure presents a favorable risk-reward setup compared with assets already trading near cycle highs.
The analyst pointed out that LTC is trading within a long-term support region where buyers have historically emerged after extended periods of weakness.
He also cited several factors that could support future growth. Among them are Canary Capital’s proposed Litecoin ETF, the network’s upcoming 2027 halving event, and Litecoin’s continued reputation as a payment-focused cryptocurrency.
The analyst additionally referenced Litecoin’s MWEB privacy feature and its long-standing position as the asset often described as silver to Bitcoin’s gold. These factors, he noted, continue to support the project’s relevance within the broader digital asset market.
$LTC spent months getting sold, forgotten, and left for dead.
Now it's sitting right above a major accumulation range.
LTC Army is reversal coming soon? pic.twitter.com/90IQR2N4aC
— The Moon Show (@TheMoonShow) May 30, 2026
Still, Patel outlined notable challenges. He observed that Litecoin failed to surpass its 2021 peak while Bitcoin, Ethereum, and Solana established new highs.
He also noted that ETF-related demand remains limited and that Litecoin lacks the smart contract ecosystem available on competing blockchain networks.
For now, Patel maintains that Litecoin remains a slow-moving, long-term cycle asset. Whether a Litecoin rally to $1,000 eventually materializes may depend on broader adoption trends and sustained demand growth in future market cycles.
The post Analyst Maps LTC’s Long-Term Growth Path: Is a Litecoin Rally to $1,000 Next? appeared first on Blockonomi.

TLDR:
U.S. spot Bitcoin ETFs posted a tenth consecutive day of net withdrawals on May 29.
Ethereum ETFs extended their outflow streak to fourteen sessions, reflecting weaker demand.
Retail traders increased Bitcoin purchases as prices remained under pressure near support.
Large investors reduced accumulation activity, keeping market momentum constrained.
Institutional sentiment in the digital asset sector remains under scrutiny as capital continues flowing out of major crypto investment products.
At the same time, exchange-level trading activity reveals that retail participants are actively accumulating during market weakness.
Bitcoin ETF Outflows Signal a Shift in Market Participation
On May 29, U.S. spot funds recorded net withdrawals of $125 million. The latest session marked ten consecutive trading days of capital exiting these investment vehicles, reflecting a notable cooling in institutional appetite.
The current trend stands in contrast to the powerful accumulation phase that fueled much of Bitcoin’s historic rally.
Throughout 2024 and the first half of 2025, strong fund inflows helped support a sustained advance, while assets under management climbed alongside price performance.
According to SoSoValue data, on May 29 (ET), U.S. spot Bitcoin ETFs recorded a total net outflow of $125 million, marking the 10th consecutive day of net outflows. U.S. spot Ethereum ETFs saw a total net outflow of $17.91 million, extending their outflow streak to 14 consecutive… pic.twitter.com/uEItP1OBZg
— Wu Blockchain (@WuBlockchain) May 30, 2026
Recent fund-flow data now paints a different picture. Monthly withdrawals have become increasingly visible, and total ETF assets have started retreating from previous highs.
A reported monthly net outflow of roughly $2.43 billion suggests large investors remain focused on reducing exposure rather than building new positions.
Ethereum-linked products have followed a similar path. Spot Ethereum ETFs recorded $17.91 million in net outflows, extending a fourteen-day withdrawal streak.
The continued selling pressure indicates institutional demand across the broader digital asset market remains subdued.
Charts circulating across crypto-focused social media platforms illustrate this transition clearly. The data shows declining fund holdings occurring alongside weaker price action, reinforcing the market’s current defensive tone.
Retail Accumulation Grows as Smart Money Remains Defensive
While institutional capital continues moving to the sidelines, order-book and liquidity data suggest another group of investors is becoming increasingly active. Material Indicators’ latest market charts point to steady buying from smaller participants despite recent volatility.
The liquidity heatmap reveals substantial sell walls positioned between $75,000 and $80,000. These areas have repeatedly capped recovery attempts, preventing Bitcoin from establishing stronger upward momentum. Meanwhile, support remains concentrated around the $72,000 to $73,000 range.
The $BTC CVD indicator shows a whale's rest.
Whales are taking a brief rest after buying.
Additionally, the sell walls that were applying downward pressure have disappeared. There is no significant resistance above. pic.twitter.com/WtFJa958R7
— CW (@CW8900) May 30, 2026
The cumulative volume delta data offers additional insight. Traders executing transactions between $100 and $10,000 have significantly increased their buying activity.
This behavior suggests retail investors are treating recent declines as an accumulation opportunity rather than a warning sign.
In contrast, larger market participants continue showing restraint. Trading groups handling positions between $100,000 and $10 million have either slowed purchases or distributed holdings into weakness.
A noticeable reduction in activity appeared around May 28 as prices approached the lower end of the current range.
This divergence reflects an ongoing transfer of ownership within the market. Smaller investors are absorbing available supply, while institutional players remain cautious.
Until larger buyers begin accumulating alongside retail demand, price action may continue to fluctuate within a relatively narrow trading band.
The post Bitcoin ETF Outflows Extend Even as Retail Buyers Absorb Market Supply appeared first on Blockonomi.

TLDR:
Centralized AI inference logs and retains prompts, creating structural data leaks with real dollar value attached.
McKinsey’s 2025 report shows data security jumped 10pp YoY, becoming the top enterprise AI scaling blocker.
Crypto projects like NEAR, Phala, and Nillion use TEEs and MPC to run encrypted AI inference at near-normal speed.
Gartner projects 75% of untrusted infrastructure processing will require TEEs by 2029, opening a major market window.
Privacy infrastructure is fast becoming a critical requirement for enterprise AI adoption. As artificial intelligence systems move beyond simple tasks into managing capital, executing trades, and running autonomous agents, the question of who controls sensitive data has gained real economic weight.
Several blockchain-based projects are now positioning themselves as neutral, verifiable alternatives to centralized cloud inference.
Centralized AI Creates Structural Data Exposure Risks
The problem with centralized inference is straightforward: every prompt sent to a third-party server gets logged and potentially retained.
That arrangement worked when AI was summarizing documents or answering general questions. It becomes a liability when AI systems touch trading strategies, private keys, or proprietary deal flow.
Real incidents have already exposed this vulnerability. Samsung engineers accidentally leaked source code through ChatGPT.
DeepSeek was caught routing Korean user prompts directly to ByteDance servers in Beijing. These are not theoretical risks — they are documented failures with measurable consequences.
As crypto analyst Kaff noted on X, “An agent’s system prompt is its alpha. If it’s readable, it’s extractable. MEV, but for intelligence.”
Privacy used to be the thing CT only cared about when $ZEC started running. Is it too much if I say privacy is now one of the real moats in AI?
Back in 2023 AI could get away with vibes and a Terms of Service nobody read anyway.
AI now managing capital, executing trades,… pic.twitter.com/bWNNlB25ry
— Kaff (@Kaffchad) May 30, 2026
That framing captures the shift well. Agentic AI systems carry embedded strategic information, making prompt confidentiality a security matter, not just a privacy preference.
Enterprise data backs this concern. McKinsey’s State of AI 2025 report showed data security jumped 10 percentage points year-over-year as the top scaling blocker for enterprise AI.
Separately, 80% of organizations have already encountered risky AI-agent behavior, including unauthorized data access.
Crypto Projects Build Verifiable Privacy Stacks for AI Workloads
Big tech is responding with its own solutions. NVIDIA’s confidential GPU mode on Blackwell is approaching normal performance levels. Apple has Private Cloud Compute in production.
Meta is building private processing for WhatsApp. Google Cloud and AWS both offer confidential compute products. However, all of these solutions remain tied to single cloud providers.
Crypto projects offer something different: open coordination, censorship resistance, and neutral infrastructure. Venice ($VVV) reports over 2 million users, 50,000 daily active users, and 15,000 inference requests per hour, with local encrypted memory and end-to-end encryption for Pro users.
NEAR is running AI Cloud on TEE-secured environments where even GPU operators and cloud hosts cannot access user data.
Nillion ($NIL) combines MPC, homomorphic encryption, and TEEs, reporting over 643 million documents stored and 1.4 million inference calls.
Phala Network ($PHA) processes over 1 billion LLM tokens daily through Intel TDX and NVIDIA H100/H200 GPU TEEs at roughly 95–99% of standard performance.
Gartner projects that over 75% of processing on untrusted infrastructure will require trusted execution environments by 2029.
That timeline gives privacy-focused crypto infrastructure a concrete market window to capture enterprise AI workloads at scale.
The post AI Agents Are Leaking Alpha: Here is How Crypto Infrastructure Is Closing the Privacy Gap appeared first on Blockonomi.

On-chain firm Santiment flagged that large Cardano wallets accumulated roughly 140 million ADA in recent weeks, while ADA trades near $0.2421 this week. Analyst Ali Martinez noted the same accumulation band and pointed to developer activity holding strong near 680 weekly commits across more than 80 repositories.
CoinCodex models a $0.38 mid-2026 target if momentum holds. As that data circulates, some investors are also weighing the Ruvi AI (RUVI) decentralized AI superapp , which integrates 20+ AI models and is rolling out a public presale that pays contributors in $RUVI for the value they create.
Why Ruvi Pays Its Trainers In $RUVI

Cardano whales are accumulating a token whose network pays validators for producing blocks, not the people adding real value. Ruvi inverts that. Every time a contributor corrects an output, ranks a response, refines a prompt, or teaches one of the platform’s models, they earn $RUVI for the work.
This is funded by the 25% Ecosystem and Rewards allocation, a fixed pool of 1,250,000,000 $RUVI set aside for user-training payouts, marketplace bounties, and staking yield. Where ADA distributes block rewards to stakers and operators, Ruvi routes value back to the millions of people who improve AI every day. The contributor, not the validator, captures the upside.
Cardano Holders Watch The Revenue Flow Past Them

ADA holders capture none of the fees flowing through the network. Validators and stake pool operators take them. Token holders watch from the sidelines while developer commits pile up and price compresses near $0.24.
That structural gap is exactly what Ruvi was designed to solve: every prompt run through the AI tool suite meters $RUVI, every model improvement by a contributor pays out in $RUVI, and every dollar of platform revenue funds an on-chain buyback-and-burn that removes supply permanently. Capital is rotating before the end of the presale because the difference is plain. Cardano build-out enriches operators. Ruvi build-out enriches the people doing the work.
What A $500 Position In Ruvi Looks Like

The presale runs across seven phases from $0.020 to $0.070, with 100% unlock at launch and no cliff for buyers. A $500 position at Phase 3’s $0.020 buys 25,000 $RUVI. At the $0.070 final phase that allocation is worth $1,750. At the $0.10 listing target that is $2,500. At a $1 token price that is $25,000. The total supply is fixed at 5,000,000,000 $RUVI and non-mintable, so no inflation dilutes holders.
Platform revenue funds open-market buybacks that burn $RUVI permanently on-chain, a deflationary mechanic that scales with adoption. VIP buyers stack bonuses on top: VIP 5 adds +100% on a 500,000 $RUVI position before listing. While Cardano whales accumulate a token that pays its operators, Ruvi is shipping product today with 3,000+ holders and 20+ AI models live.

Conclusion

Cardano news is a story of strong development and weak holder capture. ADA sits near $0.24 with 680 weekly commits, yet the value flows to validators while holders wait on a $0.38 target. Ruvi at $0.020 with 3,000+ holders, 20+ AI models live, a fixed 5B supply, and contributor payouts in $RUVI is not waiting on anyone. Make a move before Phase 3 closes and today’s entry becomes the floor.
FAQs
What is the current Cardano price prediction for ADA? ADA trades near $0.2421 this week. CoinCodex models a $0.38 mid-2026 target if accumulation and developer momentum hold, though network fees still flow to validators rather than holders.
Why are Cardano holders looking at Ruvi? ADA holders capture none of the network revenue, while Ruvi pays contributors in $RUVI for training its models and burns supply through on-chain buybacks funded by real platform revenue.
Is Ruvi better positioned than Cardano? Ruvi is in Phase 3 at $0.020 with 1.5B presale supply, 20+ AI models live, and 3,000+ holders. The contrast in execution speaks for itself.
Useful Links

Website/Buy $RUVI: Ruvi.io
Whitepaper: Docs
X/Twitter: @RuviAiOfficial
Telegram: @Ruviofficial

The post Cardano (ADA) Holders Are Quietly Discovering Ruvi AI (RUVI) And Many Believe They’re Still Early appeared first on Blockonomi.

TLDR:
FBI crypto seizure crackdown marks one of the largest crypto forfeitures in US history.
Authorities tied 127,000 bitcoin seizure to Prince Holding Group CEO Chen Zhi fraud network.
Operation Blackout dismantled scam compounds across Asia and freed nearly 2,000 trafficked workers.
IC3 reported 72,000 crypto fraud complaints in 2025 with losses exceeding $7.5 billion total.
The FBI has seized roughly $8 billion in cryptocurrency in a sweeping international crackdown on scam compounds.
Authorities also arrested hundreds of suspects tied to coordinated fraud and money laundering networks. The operation stretched across Asia, the Middle East, and parts of Africa, targeting organized criminal infrastructure.
Officials linked the case to one of the largest crypto forfeitures in U.S. enforcement history.
FBI Crypto Seizure Crackdown Targets $8B Scam Compound Networks
The FBI crypto seizure crackdown centered on more than 127,000 bitcoin tied to Chen Zhi, according to Fox News reporting. The assets pushed total recovered crypto to over $8 billion at the time of seizure.
Valuations may have exceeded $15 billion during earlier market peaks. Officials described the action as a historic asset recovery milestone.
Chen Zhi leads Cambodia-based Prince Holding Group, which authorities accuse of running large-scale fraud operations. Federal charges include wire fraud and conspiracy to launder money.
Investigators allege the network operated guarded compounds targeting global online scam victims. Law enforcement continues expanding related financial probes.
Authorities also linked the Democratic Karen Benevolent Army to scam compound activity in Myanmar. The armed group operates in conflict regions and faces U.S. sanctions for prior fraud involvement.
Officials classify it as a transnational criminal organization tied to cyber-enabled theft. Investigators flagged its links to broader Chinese organized crime networks.
The seizure forms part of a wider enforcement push against coordinated crypto-enabled fraud systems. Agencies said these networks combine digital scams with forced labor operations.
Multiple jurisdictions supported asset tracing and crypto wallet identification efforts. The scale of recovered funds highlights the industrial nature of the fraud economy.
Operation Blackout Exposes Global Crypto Fraud and Trafficking Pipelines
Operation Blackout coordinated multiple enforcement actions, including Zephyr Exodus, Sand Dollar, and Haochen. These operations targeted scam compounds operating across Asia and the Middle East.
Authorities seized additional crypto assets and dismantled recruitment pipelines used by criminal groups. Officials said the campaign disrupted cross-border fraud infrastructure.
The FBI reported freeing nearly 2,000 trafficked workers during coordinated raids on scam facilities. Victims were often recruited under false job promises and then forced into scam operations.
The Internet Crime Complaint Center recorded about 72,000 fraud complaints in 2025. Reported losses exceeded $7.5 billion, with officials warning of underreporting.
Investigators partnered with Starlink to track terminals used in scam compound communications. The cooperation led to the suspension of more than 7,000 terminals in Myanmar.
Authorities said criminal groups used satellite links to evade traditional monitoring systems. The disruption weakened multiple active fraud hubs across the region.
Operation Level Up focused on victim identification and fraud prevention across crypto investment schemes. The FBI notified about 8,935 victims who were unknowingly exposed to scams.
Officials estimated the intervention prevented roughly $562 million in losses. The program aims to reduce exposure to high-volume crypto fraud networks.
The post FBI Crypto Seizure Hits Record $8B in Global Scam Crackdown appeared first on Blockonomi.

TLDR:
Cash App Investing selected Apex Clearing after an extensive evaluation to support its next phase of growth.
Apex’s AscendOS platform offers real-time processing, 24×5 trading, and multi-asset class support for users.
Existing Cash App features like dividend reinvesting and Round Ups remain fully intact under the new partnership.
The API-first infrastructure gives Cash App the flexibility to roll out new investment products at a faster pace.
Cash App Investing has selected Apex Clearing Corporation as its new clearing provider, marking a key move in its growth strategy. The partnership combines Cash App’s user-focused investing tools with Apex’s AscendOS technology platform.
Cash App Investing serves millions of customers through Block, Inc.’s Cash App, which reports more than 59 million monthly transacting actives. The alliance is designed to support continued scaling and product innovation for everyday investors.
A Technology-Driven Alliance Built for Growth
Apex was chosen following an extensive evaluation process by Cash App Investing. The decision reflects a clear need for real-time, scalable infrastructure.
Apex’s AscendOS platform is built specifically for modern digital investing environments. It supports high-volume, concurrent user activity without sacrificing compliance or security.
Cash App Investing customers will continue using the familiar Cash App interface throughout the transition. The partnership preserves existing features such as dividend reinvesting and the Round Ups tool.
Apex’s infrastructure adds robust security protocols to the experience. These systems are designed to handle real-time processing at significant scale.
Apex CEO Bill Capuzzi spoke directly to the reliability element of the deal. “Real-time technology, reliability that earns trust, and a partner built to support their momentum,” he said.
He added that Cash App has built something remarkable for everyday investors. In his view, the collaboration positions Cash App to continue scaling its platform and user base.
The technology stack also opens access to multiple asset classes for future product development. This broadens the potential roadmap for Cash App Investing going forward.
Both firms went through an extensive evaluation before finalizing the arrangement. The outcome reflects a shared focus on infrastructure that can grow with user demand.
Expanding Capabilities Through AscendOS
Logan Kolar, CEO of Cash App Investing, pointed to the API-first design as a decisive factor. “Apex’s real-time infrastructure and API-first approach give us the flexibility to innovate quickly,” he stated.
He added that the platform ensures customers receive the reliability and protection they expect. The alignment in mission—making investing more accessible—drove the strategic fit between both firms.
AscendOS brings capabilities that extend well beyond standard clearing functions. The platform supports a variety of account types alongside multiple asset classes.
It also enables 24×5 trading, which is increasingly expected in digital investing environments. These features allow Cash App to expand its offerings without building infrastructure from scratch.
The API-first architecture supports rapid feature development cycles across the board. Cash App can roll out new tools without long delays in the development process.
The system also maintains regulatory compliance throughout that process. Speed and security are built to work together rather than compete.
For everyday investors using Cash App, surface-level changes will remain minimal. The core benefit lies in the infrastructure supporting their accounts behind the scenes.
Improved reliability, faster processing, and a wider future product range are the expected outcomes. The partnership sets the stage for what both companies describe as the next chapter of growth.
The post Cash App Investing Partners With Apex Clearing to Scale Its Platform appeared first on Blockonomi.

TLDR:
SEC Chair Paul Atkins said he expects the CLARITY Act to pass Congress and become law.
The bill aims to establish clear rules separating digital commodities from securities.
Senate Banking Committee approval has moved the CLARITY Act closer to a full vote.
The framework seeks to keep crypto innovation and investment activity within the United States.
SEC Chair Paul Atkins has expressed confidence that the CLARITY Act will clear Congress and receive President Donald Trump’s signature.
His remarks arrive as crypto market structure legislation gains momentum in Washington, bringing the United States closer to establishing a comprehensive framework for digital assets.
SEC Chair Paul Atkins Sees CLARITY Act Becoming Law
SEC Chair Paul Atkins delivered a strong vote of confidence for the CLARITY Act during a recent interview, signaling growing optimism around crypto legislation in the United States.
According to Atkins, Congress is expected to approve the measure, allowing President Trump to sign it into law and provide a formal legal foundation for digital asset oversight.
JUST IN: SEC Chair Paul Atkins says he is confident Congress will pass crypto market structure legislation and President Trump will sign it into law.
— Watcher.Guru (@WatcherGuru) May 29, 2026
Atkins emphasized that regulatory uncertainty has remained one of the largest obstacles facing the crypto industry.
He explained that businesses often struggle to determine which regulations apply to their products, creating unnecessary costs and delays. Without clear rules, many firms have chosen to develop and launch services outside the United States.
The SEC Chair stated that the CLARITY Act would help resolve those concerns by establishing a statutory framework for digital assets.
He noted that regulatory certainty would allow innovators to operate domestically while giving investors greater confidence in the market.
His comments come as the Senate Banking Committee advances the legislation toward a full Senate vote. The bill’s progress marks one of the most important developments for crypto regulation in recent years and reflects increasing support for a structured approach to digital asset oversight.
CLARITY Act Aims to Define Crypto Rules and Strengthen US Leadership
A central objective of the CLARITY Act is to create clear distinctions between digital commodities and securities. The legislation is designed to reduce overlap between the SEC and the Commodity Futures Trading Commission, providing market participants with a more predictable regulatory environment.
Treasury Secretary Scott Bessent has also backed efforts to move the bill forward. Supporters argue that the framework would help prevent conflicting interpretations from federal regulators while encouraging blockchain innovation within the United States.
Atkins maintained that America already holds a leading position in global crypto markets but warned that maintaining that advantage requires clear and consistent regulation. He said previous uncertainty pushed innovation offshore and limited opportunities for domestic growth.
The CLARITY Act aligns with President Trump’s broader goal of making the United States a global center for digital asset development.
While additional legislative hurdles remain, the bill’s recent progress has increased expectations that comprehensive crypto market structure reform could soon become a reality.
For the crypto industry, the coming Senate vote now represents one of the most closely watched developments in Washington as lawmakers move toward establishing long-term rules for the digital asset economy.
The post SEC Chair Paul Atkins Predicts CLARITY Act Passage and Trump Approval appeared first on Blockonomi.

TLDR:
NEAR market capitalization jumped from $2.7 billion to nearly $3.8 billion within days.
NEAR Intents has processed over $19 billion in volume across 35+ blockchain networks.
Chain abstraction technology aims to simplify cross-chain transactions for users and AI agents.
Protocol revenue surpassed $8 million after the fee switch activation and buyback mechanism.
NEAR Protocol has emerged as one of the week’s strongest crypto narratives after a sharp rise in market capitalization.
The move comes as investors increasingly focus on the network’s AI infrastructure, cross-chain capabilities, and growing adoption of products designed for autonomous digital economies.
NEAR Protocol Gains Momentum as Investors Reassess AI Strategy
NEAR Protocol spent much of the previous market cycle away from the spotlight. While many projects focused on short-term attention, the network concentrated on building infrastructure aimed at long-term adoption.
That strategy is now drawing renewed interest as artificial intelligence becomes a dominant theme across technology and digital assets.
The recent market cap surge reflects that changing perception. During the past seven days, NEAR’s valuation climbed from roughly $2.7 billion to nearly $3.8 billion before stabilizing above previous levels.
More importantly, the network maintained a higher valuation range after the initial rally, indicating continued demand despite market volatility.
Grayscale Research: @NEARProtocol went into building mode after the last cycle.
In 2026, it's back, and the story runs through AI.
↳ Chain abstraction
↳ NEAR Intents
↳ Roadmap built for AI agents.
Read the full article from @LowBeta on the Stack:https://t.co/yKsxXTgMXG pic.twitter.com/2pTh5J4cUH
— Grayscale (@Grayscale) May 29, 2026
At the center of the investment thesis is NEAR’s focus on chain abstraction. Traditional blockchain interactions often require users to manage multiple wallets, bridges, and gas tokens.
NEAR aims to remove those barriers by creating a system where multiple networks operate as a unified environment.
This vision extends beyond human users. As AI agents become more capable of performing economic tasks, blockchain infrastructure must support seamless execution across ecosystems. NEAR’s architecture is increasingly being viewed as a framework designed for that future.
Recent ecosystem commentary has emphasized user-owned AI, confidential inference, and AI-native applications as major areas of development. These initiatives are helping position NEAR Protocol as more than a conventional Layer 1 blockchain.
NEAR Intents Growth Strengthens Ecosystem Fundamentals
A major contributor to the growing attention around NEAR Protocol is the rapid expansion of NEAR Intents. The product allows users to express desired outcomes while network participants handle execution and routing behind the scenes.
According to ecosystem data, Intents has processed more than $19 billion in all-time volume. The platform currently connects liquidity across over 35 blockchains and supports more than 135 assets. This growing reach has expanded its role within decentralized finance infrastructure.
NEAR operates one of the most mature and transparent cryptoeconomic systems in the industry.
With NEAR Intents all-time volume now over $19 billion, and NEAR AI powering workloads for major platforms like Venice, Brave, Abound, and more, NEAR is primed to capture value from the… pic.twitter.com/3S9JMbTOCI
— NEAR Protocol (@NEARProtocol) May 29, 2026
Network activity has also translated into measurable revenue generation. Since the fee switch was activated, NEAR has generated more than $8 million in revenue directed toward token buybacks.
At the same time, confidential transaction volume continues to expand alongside support for emerging asset categories.
The protocol’s economic structure is also evolving. Its token supply is fully unlocked, while a halving-related upgrade reduced maximum annual inflation by 50%.
Combined with increasing network usage, these developments are strengthening the project’s economic foundation.
As a result, investors appear to be evaluating NEAR Protocol through a different lens. The conversation is increasingly centered on whether the network can become critical infrastructure for AI agents operating across the broader digital economy.
The post NEAR Protocol Gains Momentum as Investors Back AI-Powered Blockchain Vision appeared first on Blockonomi.

TLDR:
Ethereum whale wallets accumulated 17.41 million ETH, representing nearly 22% of the total supply.
Santiment data showed major holders buying aggressively during Ethereum’s latest market weakness.
ETH remained below key resistance levels as traders monitored support near the $1,850 zone.
Analysts projected a potential downside to $1,560 if Ethereum loses its weekly support structure.
Ethereum whale accumulation Santiment data reveals that large wallets reached a nine-week high in ETH holdings.
In the meantime, traders are closely monitoring the critical $1,850 support level for signs of Ethereum’s next directional move.
Whales Quietly Increase ETH Exposure During Market Weakness
Santiment reported that wallets holding at least 100,000 ETH collectively control 17.41 million ETH, marking the highest balance recorded in nearly two months.
The development surfaced while retail sentiment remained cautious across the crypto market. Many short-term traders responded defensively to Ethereum’s declining price structure.
Meanwhile, high-value holders appeared focused on positioning ahead of potential long-term recovery conditions.
UPDATE: Ethereum whales holding at least 100K $ETH have accumulated 17.41M ETH, a 9-week high representing 22% of the entire supply as prices have fallen, per Santiment. pic.twitter.com/vUoc6UXoxv
— CW (@CW8900) May 29, 2026
Santiment shared the latest on-chain trend through a market update on X, noting that major Ethereum addresses steadily increased holdings during the correction.
The divergence between declining prices and rising whale balances quickly fueled discussions surrounding smart money activity.
Growing concentration among large holders may also tighten exchange liquidity over time. As more ETH shifts into long-term storage wallets, the circulating supply available for immediate selling gradually declines. That setup can increase volatility once broader demand returns to the market.
Institutional players often accumulate during periods of weak sentiment rather than during euphoric rallies. Ethereum’s continued dominance across decentralized finance, stablecoin settlements, tokenization, and smart contract activity may explain why large holders remain confident despite current uncertainty.
Ethereum Price Risks Deeper Correction Below $1,850
Ethereum’s technical structure now sits near a decisive support area that analysts continue monitoring closely. Market participants identified the $1,850 level as a major defensive zone capable of shaping Ethereum’s medium-term direction.
Recent price action reflected persistent weakness across higher timeframes. Ethereum repeatedly failed to reclaim resistance near $2,282 while remaining trapped beneath the 50-week simple moving average. At the same time, tightening volatility conditions signaled the possibility of a sharp directional breakout.
If Ethereum $ETH prints a weekly close below $1,850, a downside acceleration becomes highly likely.
From a purely technical perspective, the broader channel structure points to two major downside targets following this rejection:
• First Target: Around $1,560 (interim… https://t.co/LNkygeXO5n pic.twitter.com/rOGsvEsahu
— Ali Charts (@alicharts) May 29, 2026
Analysts warned that a confirmed weekly close below $1,850 could accelerate downside pressure rapidly. Once higher-timeframe support zones fail, traders often shift away from aggressive dip-buying strategies and prioritize defensive positioning.
The first downside target currently sits near the $1,560 region, where Ethereum previously established strong support during earlier correction phases. However, sustained bearish momentum could expose ETH to deeper losses toward the $1,070 area over time.
Even with growing technical pressure, on-chain activity continues painting a different picture beneath the surface. Large holders continue to increase exposure during periods of weakness, suggesting sophisticated investors still view current market conditions as a strategic accumulation phase rather than a breakdown in Ethereum’s broader network strength.
The post Ethereum Whale Buying Surges as ETH Tests Critical Support appeared first on Blockonomi.

TLDR:
Jamie Dimon confirmed banks will oppose the CLARITY Act due to stablecoin reward provisions and AML gaps.
Dimon accused Coinbase CEO Brian Armstrong of spending hundreds of millions lobbying for the crypto bill.
Coinbase’s policy chief fired back, urging the Senate to bring the CLARITY Act to a floor vote soon.
Dimon supports blockchain and stablecoins for payments but warns of major risks without thoughtful regulation.
JPMorgan Chase CEO Jamie Dimon announced that banks will oppose the CLARITY Act in its current form. He cited concerns over stablecoin rewards and regulatory gaps.
Dimon also launched sharp criticism at Coinbase CEO Brian Armstrong, accusing him of spending hundreds of millions lobbying for the bill.
The remarks came during a Fox Business interview on May 29, 2026, adding fresh tension to the ongoing debate between banks and the crypto industry.
Banks Push Back on Stablecoin Reward Provisions
The CLARITY Act aims to establish a regulatory framework for digital assets in the United States. However, Dimon argues the bill as written creates an uneven playing field.
He said the legislation allows crypto firms to effectively pay interest on stablecoin deposits. Traditional banks are required to meet strict oversight standards for similar products.
Dimon was direct about the bill’s regulatory shortcomings. “It allows cryptocurrency firms to effectively pay interest on deposits, stablecoins or something like that, without the protection that they should have,” he said.
He also pointed out that the bill falls short on Anti-Money Laundering requirements and the Bank Secrecy Act. He concluded that the CLARITY Act “has almost no legal protections … so the banks will not accept it that way.”
The stablecoin rewards debate has been at the center of industry disagreements for weeks. Banks argue that permitting such incentives could drive deposit flight away from traditional institutions.
They maintain that firms offering bank-like products should face comparable regulatory scrutiny. This position has drawn a clear dividing line between legacy finance and the crypto sector.
Coinbase Chief Policy Officer Faryar Shirzad responded by email, defending the legislation. “At the end of the day, we all share the same goal: improving the financial lives of Americans,” Shirzad said.
He added that millions of Americans support preserving rewards programs and clear consumer protections. He then called on the Senate to bring the CLARITY Act to the floor.
Dimon Criticizes Armstrong’s Lobbying Campaign
Beyond the policy dispute, Dimon took direct aim at Coinbase CEO Brian Armstrong. He claimed Armstrong is spending hundreds of millions of dollars in Washington to advance the bill.
“No one is going to bow down to this guy,” Dimon said bluntly. He then called Armstrong “full of sh–” in remarks that drew immediate attention.
This is not the first time Dimon has made such remarks about Armstrong. He delivered similar criticism earlier this year at the World Economic Forum in Davos.
The repeated comments show the depth of tension between the two executives. They also reflect broader friction between Wall Street and the crypto industry.
Despite his opposition, Dimon expressed support for blockchain technology and acknowledged stablecoins have practical uses. He pointed to cross-border payments as one area where the technology shows real promise.
However, he stressed the need for careful government oversight of fiat-pegged tokens. “If they don’t do it thoughtfully, it will be a huge problem,” he warned.
The debate over the CLARITY Act continues as the 2026 midterm elections draw closer. Scrutiny over President Trump’s crypto interests has further complicated the legislative process.
Both sides remain firmly entrenched in their positions. The outcome will likely shape the future of crypto regulation in the United States.
The post JPMorgan CEO Jamie Dimon Vows to Fight CLARITY Act Over Stablecoin Rewards and AML Concerns appeared first on Blockonomi.

TLDR:
FalconX confidentially filed a draft S-1 with the SEC, targeting a public listing no earlier than late 2026.
The crypto prime broker was last valued at $8 billion in its 2022 Series D round, raising $150 million.
Cantor and other Wall Street banks have been hired to advise FalconX on its potential IPO process.
Cooling market sentiment and weak post-listing performances have delayed crypto IPO plans across the sector.
FalconX, a crypto brokerage and trading firm, has confidentially filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission.
The California-based company also hired Cantor and other Wall Street banks to advise on its potential initial public offering.
However, the listing is not expected before the end of 2026, as market conditions remain challenging for crypto firms seeking public listings.
FalconX Eyes Public Markets Amid Tough Conditions
FalconX was founded in 2018 and operates as a digital asset prime broker. It serves institutional clients such as hedge funds, asset managers, and market makers. The firm offers services including trade execution, liquidity access, credit, and clearing.
The company was last valued at $8 billion during its 2022 Series D funding round. That round raised $150 million and marked the firm’s peak private valuation. According to a source familiar with the matter, both FalconX and Cantor declined to comment on the filing.
FalconX Confidentially Files for IPO With SEC, Targets Year-End Listing
Crypto brokerage and trading firm FalconX has confidentially filed a draft S-1 registration statement with the U.S. SEC and hired Cantor and other banks to advise on a potential IPO, with a listing expected… pic.twitter.com/6PgJf4UIh4
— Wu Blockchain (@WuBlockchain) May 28, 2026
A person with knowledge of the matter, who spoke on condition of anonymity, confirmed the confidential S-1 filing.
The same source noted that the IPO is not expected until the end of the year, given current market conditions. CoinDesk had previously reported that Cantor was among the firms pitching FalconX for its potential listing.
Cooling investor sentiment has pushed the expected listing toward year-end. Weaker trading volumes and lukewarm post-listing performances from recent crypto IPOs have also played a role. The firm is waiting for more stable market conditions before moving forward.
Broader Crypto IPO Sector Faces Delays
The crypto industry entered 2026 expecting a strong IPO year. Successful listings by Circle and Bullish in 2025 had renewed investor interest in digital asset businesses. That optimism has since faded considerably.
Companies like BitGo have seen lackluster trading after going public, cooling enthusiasm across the sector. Several major players, including Kraken’s parent Payward, Consensys, Ledger, and Grayscale, have all postponed their IPO plans. Each is waiting for conditions to stabilize before reengaging.
Blockchain.com said last week that it had confidentially filed for a U.S. IPO with the SEC. That move shows some firms are still pressing ahead despite the broader headwinds. The crypto IPO pipeline remains cautious but active in select cases.
Securitize has taken a different route, agreeing to merge with Cantor Equity Partners II. That deal would make Securitize one of the few publicly traded firms focused on tokenized real-world assets.
FalconX’s confidential filing, meanwhile, keeps its options open while the firm monitors how conditions evolve through the rest of 2026.
The post FalconX Confidentially Files for IPO With SEC, Eyes Year-End Listing appeared first on Blockonomi.

TLDR
Dell’s quarterly revenue soared to $43.8B with an 88% year-over-year increase, while AI server orders reached $24.4B
Dell stock rocketed more than 30% higher; the Dow Jones achieved a historic milestone by surpassing 51,000
Strong enterprise AI software demand lifted Salesforce and NetApp shares significantly
AI infrastructure enthusiasm drove gains in Hewlett Packard Enterprise and Super Micro Computer
AST SpaceMobile shares declined following complications with Blue Origin’s New Glenn rocket program
Dell Technologies Delivers Massive AI-Driven Earnings Beat
Dell Technologies reported what many are calling one of 2025’s most impressive earnings performances. The tech giant announced quarterly revenue of $43.8 billion, representing an 88% jump from the same period last year, alongside adjusted earnings per share of $4.86. Revenue from AI-optimized servers climbed to $16.1 billion while AI-related order volume hit $24.4 billion. The company’s AI server backlog now exceeds $51 billion. Management upgraded its fiscal 2027 AI revenue projection from $50 billion to $60 billion. The stock responded by jumping more than 30%, prompting numerous Wall Street analysts to raise their price targets.
Dow Jones Achieves Historic 51,000 Milestone
The catalyst for broader market gains came directly from Dell’s blockbuster report. The Dow Jones Industrial Average broke through 51,000 for the first time in its history, while both the S&P 500 and Nasdaq established new all-time highs. Market participants continue viewing AI infrastructure investment as a fundamental growth driver, with Dell’s performance validating that perspective. The rally spread across multiple sectors, as traders sought additional opportunities to capitalize on the expanding AI infrastructure buildout.
Salesforce Gains Ground on Enterprise AI Momentum
Salesforce experienced significant upward movement following earnings that confirmed robust appetite for enterprise software and AI-enabled business applications. The company has emerged as a critical bellwether for investors monitoring practical AI implementation within major corporations. Its encouraging guidance helped broaden the day’s advances beyond hardware manufacturers into software providers, indicating the AI investment theme is expanding throughout the technology landscape.
NetApp and Enterprise Hardware Names Ride Dell’s Wave
NetApp emerged as a top performer, with shares climbing as market participants searched for AI infrastructure opportunities beyond semiconductor companies. The firm’s storage solutions and data management technologies are considered critical elements for large-scale AI system deployments. Hewlett Packard Enterprise and Super Micro Computer also posted substantial gains, as investors interpreted Dell’s strong numbers as a positive indicator for the broader enterprise AI hardware ecosystem.
AST SpaceMobile Drops on Blue Origin Rocket Program Issues
AST SpaceMobile ranked among the session’s weakest performers following news of difficulties with Blue Origin’s New Glenn rocket initiative. While the problem wasn’t directly connected to AST SpaceMobile’s business operations, it triggered widespread selling throughout space and satellite-related equities. Despite impressive performance over the past twelve months, Friday’s trading demonstrated that the space sector continues to face vulnerability from operational challenges and unfavorable developments.
The post Dell (DELL) Stock Skyrockets Over 30% as AI Server Demand Powers Historic Market Rally appeared first on Blockonomi.

Key Highlights
Dell Technologies stock jumped approximately 32% on Friday, tracking toward its strongest single-day performance on record
First-quarter revenue climbed nearly 88% compared to last year, with AI server sales reaching $16.1 billion — an explosive 757% surge
Adjusted earnings per share of $4.86 significantly exceeded the Street’s $2.94 forecast
Susquehanna elevated Dell to Positive with a new price target of $700, up from $138
J.P. Morgan increased its target to $500 from $280, while Morgan Stanley acknowledged missing the mark on Dell’s potential
Dell Technologies delivered a jaw-dropping earnings report Thursday evening, propelling its shares approximately 32% higher on Friday in what’s shaping up to be the company’s strongest trading session since its return to public markets in 2018.
The results were nothing short of spectacular. First-quarter revenue soared nearly 88% year over year, fueled by unprecedented demand for AI infrastructure. Revenue from AI-optimized servers alone reached $16.1 billion — representing a staggering 757% jump compared to the year-ago period.
Adjusted earnings per share landed at $4.86, crushing Wall Street’s consensus forecast of $2.94.
Ben Reitzes, who leads technology research at Melius, didn’t mince words: “They beat every line in the model — so this wasn’t just AI, it was great execution.”
Wall Street Rushes to Adjust Forecasts
The blowout results triggered a flurry of target price increases Friday morning.
Susquehanna delivered the most dramatic revision, elevating Dell to Positive from Neutral while boosting its price target to $700 from $138. The investment firm highlighted AI server growth occurring without margin compression, expanding opportunities in inferencing workloads, and stronger-than-anticipated performance across client solutions.
J.P. Morgan maintained its Overweight stance while increasing its target to $500 from $280. Analyst Samik Chatterjee observed that Dell’s revised fiscal 2027 guidance was lifted “materially once again,” with customer demand running significantly ahead of projections and order pipeline clarity extending deeper into the calendar.
Dell’s revised full-year AI revenue forecast of $60 billion suggests 144% annual growth, per J.P. Morgan’s analysis.
Citi maintained its Buy recommendation and boosted its target to $475 from $290, characterizing the quarter as an “exceptional beat and raise” with customer demand persistently outpacing available supply.
Morgan Stanley Acknowledges Misjudgment
Morgan Stanley, currently rated Underweight with a $170 target, offered a rare mea culpa in Friday’s research note.
“We got this one wrong, and our model/PT are under review,” wrote analysts headed by Erik Woodring. They described it as “one of the most impressive quarters we’ve seen in our time covering Hardware.”
Conventional server revenue nearly doubled year over year. Storage solutions recorded their fastest expansion in three years. PC division operating margins reached near-peak levels. Full-year guidance received an approximately 40% upward adjustment.
Dell also secured a Pentagon contract valued at $9.7 billion earlier this week to deliver software solutions to U.S. military operations.
Heading into Thursday’s earnings announcement, Dell’s stock had already climbed nearly threefold over the preceding twelve months.
J.P. Morgan acknowledges that Dell’s second-half outlook incorporates a $10 billion sequential revenue deceleration — though analysts emphasize this reflects supply constraints rather than weakening demand, and anticipate continued guidance increases as production capacity expands.
Dell increased its full-year revenue projection to reflect approximately 50% annual growth.
The post Dell (DELL) Stock Explodes 32% Higher as AI Server Sales Skyrocket 757% appeared first on Blockonomi.

Key Takeaways
ServiceNow (NOW) climbed approximately 14% Friday, spearheading a significant software sector upswing
Investor excitement built around new AI capabilities announced at Knowledge 2026, featuring the Otto assistant
Bank of America resumed coverage with an optimistic perspective, positioning NOW as an agentic AI frontrunner
The company’s board authorized a $4.2 billion stock repurchase program, boosting investor confidence
The positive momentum rippled through software equities, lifting Snowflake, Oracle, Atlassian, and cybersecurity stocks
Shares of ServiceNow (NOW) skyrocketed approximately 14% during Friday’s trading session, delivering one of the year’s most impressive single-day performances in the software industry. By midday, the stock maintained its gains while the iShares Expanded Tech-Software Sector ETF (IGV) climbed 5% in parallel.
This surge follows several weeks of downward pressure on software equities. Prior to Friday’s rally, NOW shares had declined nearly 29% year-to-date, reflecting market concerns about artificial intelligence potentially cannibalizing traditional enterprise software revenues.
The market sentiment appears to be reversing course.
During the Knowledge 2026 event, ServiceNow introduced cutting-edge generative AI capabilities, highlighted by the Otto assistant, while announcing strategic collaborations with Experian and Boomi. These revelations demonstrated how the company is integrating AI directly into its platform architecture instead of positioning it as a standalone offering.
At the Jefferies Software, Internet and AI conference this week, ServiceNow’s COO and Chief Product Officer Amit Zavery tackled the AI disruption narrative head-on.
“We don’t want to have a non-AI and AI mindset anymore inside the company,” Zavery explained. “Our customers don’t want it. They want to be able to adopt AI as part of the same products they buy from us.”
Zavery further articulated why enterprise system-of-record platforms like ServiceNow maintain critical importance in an AI-dominated landscape.
“For IT managers and IT system owners, I already have all the other visibility. I don’t want to go to a third-party system for only AI-related stuff,” he noted.
Board Approves $4.2 Billion Repurchase; BofA Returns with Positive View
The stock benefited from two supplementary drivers. ServiceNow’s board greenlit a $4.2 billion share repurchase initiative, demonstrating management’s conviction in the company’s current price levels.
Separately, Bank of America resumed its ServiceNow coverage with an upbeat assessment, characterizing the firm as a pioneer in the developing agentic AI landscape. Such institutional endorsement typically influences hesitant investors to reconsider their positions.
Combined, these developments amplified what was already shaping up to be an exceptional trading day for the equity.
Broader Software Sector Experiences Widespread Gains
ServiceNow’s performance didn’t occur in isolation. Snowflake (SNOW), fresh off Thursday’s 36% surge to record highs following quarterly results, tacked on another 4.5% Friday.
Oracle (ORCL) vaulted 8% higher, Atlassian (TEAM) rocketed 11%, GitLab (GTLB) advanced 7.5%, and monday.com (MNDY) rose 6%. Microsoft (MSFT) inched up 3.7% in anticipation of next week’s Build 2026 conference, where fresh AI model announcements are anticipated.
Cybersecurity equities participated in the rally as well. Rubrik (RBRK) surged nearly 9%, CrowdStrike (CRWD) climbed 7.5%, Palo Alto Networks (PANW) appreciated 6.3%, and Fortinet (FTNT) gained 4%.
Company leadership also established a long-range revenue objective of $30 billion by 2030, providing investors with enhanced visibility into the company’s AI-driven growth trajectory.
The post ServiceNow (NOW) Stock Rockets 14% on AI Innovations and Software Sector Rally appeared first on Blockonomi.

TLDR:
Bitcoin ETF outflows surpassed $4 billion during one of 2026’s largest withdrawal phases.
Santiment data shows major ETF outflow spikes often emerge close to Bitcoin market bottoms.
Whale wallets and retail traders are simultaneously increasing spot Bitcoin accumulation activity.
Thin liquidity above $74K may accelerate Bitcoin price movement if bullish momentum strengthens.
Bitcoin ETF outflows have crossed $4 billion since May 7, reflecting rising caution among institutional and retail investors.
However, fresh CVD data and weakening sell-side liquidity suggest Bitcoin could be approaching a critical turning point after weeks of aggressive market pressure.
Bitcoin ETF Outflows Signal Investor Capitulation
According to Santiment data, cumulative withdrawals from spot Bitcoin ETFs now exceed $4.013 billion within three weeks.
The heavy selling pressure reflects a sharp decline in confidence across mainstream investment markets. Institutional investors, hedge funds, wealth managers, and retail traders have all contributed to the latest wave of capital exits.
Santiment noted that extreme Bitcoin ETF outflows historically appeared during emotionally driven market conditions.
Similar patterns emerged during November 2025, when ETF products recorded nearly $903 million in daily withdrawals before Bitcoin staged a recovery rally.
Bitcoin ETF’s have now exceeded $4,013,800,000 in total outflows, dating back to May 7th. $BTC ETF’s have become one of the clearest gauges of mainstream investor sentiment. Large inflows often signal growing optimism and increased demand. Heavy outflows indicate a growing… pic.twitter.com/vy5FPF3o95
— Santiment Intelligence (@SantimentData) May 29, 2026
Another major outflow event occurred on May 27, 2026, when roughly $738 million exited spot Bitcoin ETFs. The latest selling trend now ranks among the largest sustained withdrawal periods since spot Bitcoin ETFs launched in the United States.
The analytics platform also pointed out that previous inflow spikes coincided with overheated market conditions. In July and October 2025, billion-dollar ETF inflows arrived near local Bitcoin highs as bullish sentiment intensified across the market.
By contrast, current Bitcoin ETF outflows suggest investors are reducing exposure after prolonged uncertainty and weakening momentum. Market fear has increased steadily as traders react to broader macroeconomic pressure and persistent volatility.
Bitcoin CVD Data Shows Buyers Returning
Despite continued Bitcoin ETF outflows, recent cumulative volume delta data paint a more constructive market structure beneath the surface. Santiment reported that buying activity has started increasing across nearly every major order cohort.
Retail traders executing smaller orders have returned to spot accumulation. At the same time, whale-level participants between $100,000 and $10 million are also rebuilding exposure after earlier distribution phases.
The $BTC CVD indicator shows increasing buying pressure.
Buying pressure is increasing across all groups. Additionally, there are no large sell walls once the 74k level is broken.
This is a situation where a very large bullish candle could occur. pic.twitter.com/r64nL1n1Xe
— CW (@CW8900) May 29, 2026
This alignment between smaller investors and larger wallets often strengthens bullish momentum during recovery periods. Historically, synchronized spot buying has preceded stronger Bitcoin expansion phases when liquidity conditions remain favorable.
The report also identified the $74,000 region as a key resistance level for Bitcoin. Market heatmaps indicate relatively thin sell-side liquidity above that zone, reducing the number of major sell walls overhead.
Analysts often describe such conditions as a liquidity gap, where aggressive buying pressure can trigger faster upward price movement.
If Bitcoin breaks above resistance with strong volume, short covering and renewed momentum could accelerate price action quickly.
While macroeconomic risks remain, current CVD trends suggest stronger hands are quietly absorbing supply during the latest phase of market weakness.
The post Bitcoin ETF Outflows Cross $4B as Market Sentiment Weakens appeared first on Blockonomi.

TLDR:
Kalshi secured approval for the first regulated bitcoin perpetual futures contract in the U.S.
Coinbase received CFTC relief to route clients into offshore crypto perpetual futures markets.
The CFTC classified certain crypto perpetuals as foreign futures under Regulation 30.1.
Regulators introduced leverage safeguards while expanding crypto derivatives market access.
CFTC crypto perpetual futures entered a new regulatory era after the agency approved Kalshi’s bitcoin perpetual contract and cleared Coinbase’s foreign derivatives structure.
The decisions establish the first workable framework for regulated crypto perpetual trading in the United States. This will help in expanding institutional access to offshore markets.
CFTC Opens Door for Regulated Bitcoin Perpetual Futures
CFTC crypto perpetual futures moved into the spotlight after regulators approved Kalshi’s BTCPERP contract on Friday.
The approval creates the first regulated pathway for bitcoin perpetual futures trading inside the United States. Until now, most crypto perpetual activity operated through offshore platforms beyond direct U.S. oversight.
The Commodity Futures Trading Commission confirmed that Kalshi’s contract must comply with the Commodity Exchange Act and existing market standards.
The agency described the move as part of a broader effort to create a workable structure for digital asset derivatives products.
CFTC Approves First Regulated Bitcoin Perpetual Contract in U.S.
CFTC Chairman Mike Selig said the agency has approved the listing of the first “true” Bitcoin perpetual contract on a CFTC-registered exchange, marking a major step toward bringing crypto perpetual trading into the… pic.twitter.com/tID4bebE0G
— Wu Blockchain (@WuBlockchain) May 29, 2026
Bitcoin perpetual futures differ from traditional futures because they carry no expiration date. Traders can maintain positions indefinitely while speculating on future crypto price movements.
These contracts have become one of the most actively traded products across global crypto exchanges because they offer constant market exposure.
Kalshi CEO Tarek Mansour said the approval represents the company’s expansion beyond prediction markets into regulated derivatives trading.
In a company statement, Mansour noted that regulated perpetual contracts could improve capital allocation and strengthen risk management for U.S. businesses seeking crypto exposure.
CFTC Chairman Mike Selig also backed the development, describing perpetual futures as an important tool for risk management and price discovery across crypto markets.
He added that bringing crypto perps onshore aligns with broader efforts to position the United States as a major digital asset hub.
Coinbase Gains Access to Offshore Crypto Perpetual Markets
Alongside the Kalshi approval, the CFTC issued a no-action letter involving Coinbase Financial Markets and Deribit FZE.
The guidance allows Coinbase’s registered futures commission merchant subsidiary to connect customers with foreign perpetual futures and options products through Coinbase Bermuda.
In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.
This morning, the @CFTC took historic action to permit the listing of a true bitcoin…
— Mike Selig (@ChairmanSelig) May 29, 2026
The agency confirmed that the perpetual contracts referenced in the letter qualify as foreign futures under Commission Regulation 30.1.
The arrangement also permits certain customer-owned crypto assets, including bitcoin, ether, and payment stablecoins, to serve as margin collateral under specific conditions.
Coinbase Chief Legal Officer Paul Grewal called the decision a major step for the crypto industry. The guidance gives U.S.-linked clients broader access to offshore perpetual markets while operating within a defined regulatory framework.
The announcements arrived shortly after President Donald Trump criticized previous U.S. crypto policies for pushing perpetual trading activity offshore.
Trump argued that earlier regulatory pressure weakened domestic innovation while global crypto derivatives markets continued expanding outside the country.
Despite the approvals, the CFTC’s current position remains guidance-based rather than fully codified under permanent rules.
Still, the latest actions establish a clearer framework for crypto derivatives firms seeking regulated access to perpetual futures markets in the United States.
The post CFTC Has Approved the First Regulated Bitcoin Perpetual Contract in the U.S. appeared first on Blockonomi.

TLDR:
TRX price dropped from $0.375 to $0.346, resetting the daily RSI from above 74 down to nearly 43.
SunPump Token Create Events collapsed nearly 70% vs. its three-month baseline, signaling fading meme-coin hype.
TRON active addresses rose 17% month-over-month, holding a strong daily average of roughly 6 million users.
Tron Inc. bought 141,433 TRX at $0.3535, pushing total treasury holdings past 698 million TRX tokens.
TRX, the native token of the TRON blockchain, has retreated sharply over the past 48 hours. The price has slid from a local high near $0.375 to around $0.346.
Alongside this drop, the RSI on the daily chart has reset from overbought levels above 74 to approximately 43.
On-chain data, however, tells a more nuanced story — one where base utility continues to hold even as speculative activity cools.
SunPump Activity Collapses as Meme-Coin Hype Retreats
The most telling signal behind this TRX correction is the steep decline in meme-coin creation on the TRON ecosystem.
SunPump Token Create Event Count has fallen by 58% compared to last month. Against its three-month baseline, the drop is even steeper — nearly 70%, with near-zero events recorded in recent days.
This kind of speculative pullback is not unusual following a sharp price run-up. Markets often attract short-term participants drawn by momentum rather than fundamentals. When that momentum fades, token creation activity tends to dry up alongside it.
Source: Cryptoquant
What makes this particular data point relevant is that SunPump activity had been one of the visible drivers of elevated TRX sentiment. As that layer of hype deflates, the price naturally adjusts to reflect a lower speculative premium on the asset.
The sharp decline in meme-coin events does not mean the TRON network is losing users or transaction volume. It simply removes a layer of froth that had been priced into TRX during the run-up phase.
Active Addresses and Transaction Volume Remain on Solid Ground
Despite the retreat in speculative metrics, TRON’s core usage data has held firm. Active addresses have actually grown by 17% over the past month. The network continues to process a strong daily average of roughly 6 million active addresses.
Total daily transaction counts are also stable, maintaining more than 12 million transactions per day. This level of consistent on-chain activity points to a network that is still in active use beyond the meme-coin cycle.
Adding another layer to the picture, Tron Inc. (NASDAQ: TRON) disclosed a fresh treasury purchase. The company acquired 141,433 TRX tokens at an average price of $0.3535, bringing its total TRX treasury holdings to over 698 million TRX. The move reflects ongoing institutional conviction in the token even through the price correction.
Tron Inc. (NASDAQ: TRON) acquired 141,433 TRX tokens today at an average price of $0.3535, further increasing its TRX treasury holdings to more than 698.0 million TRX in total. The company aims to further grow its Tron DAT holdings to enhance long term shareholder value. For live…
— Tron Inc. (@TRON_INC) May 29, 2026
This structural divergence — collapsing speculative activity alongside stable core usage — sets up a potential reset toward sustainable pricing.
Traders are now watching whether the $0.34 zone can establish itself as a fundamental support level rather than a temporary liquidity flush.
The post TRX Drops 8% as SunPump Hype Fades, Network Holds appeared first on Blockonomi.