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Hoskinson Reveals Why Bitcoin DeFi is a Race Cardano Can Win

Cardano founder Charles Hoskinson says Bitcoin DeFi is a wide-open market where Cardano can gain an advantage.

Hoskinson believes Cardano has a strong chance to become a major player in the growing market. According to him, no one is currently leading the Bitcoin DeFi race, and Cardano already has the right tech and a head start.

Key Points

  • Hoskinson called Bitcoin DeFi the largest growth area in DeFi with no dominant market leader yet.
  • Bitcoin’s $1.5 trillion market cap represents major untapped liquidity for DeFi applications.
  • According to Hoskinson, Cardano could win the race for Bitcoin DeFi because it has the right tech and a head start.
  • Cardano has already started pursuing this area following the launch of Midnight, its privacy partner chain.
  • FluidTokens completed the first native Bitcoin-to-Cardano atomic swap on mainnet in March 2026.

Why Cardano Could Win the Bitcoin DeFi Race

Hoskinson’s recent comments came after Starknet released a presentation explaining the three phases behind its newly launched strkBTC bridge.

After reviewing the presentation, Hoskinson said the industry had entered a competitive race that Cardano could win. He called Bitcoin DeFi the biggest growth area in decentralized finance and noted that no project currently dominates the sector. 

According to him, several top development teams are now competing in the space, but Cardano already has both the technology and the early advantage needed to stand out.

BTCFi Focuses on Privacy and Safer Bitcoin Bridges

Hoskinson’s remarks revolved around the rise of trust-minimized Bitcoin bridges alongside privacy-focused DeFi services. This area, BTCFi, seeks to bring Bitcoin liquidity into decentralized finance but reduce reliance on centralized custodians and risky bridge systems.

The BTCFi market combines two major ideas. Notably, the first involves moving Bitcoin or Bitcoin-backed assets across different blockchains with fewer trust requirements instead of depending on custodians or multisignature systems. 

Meanwhile, the second focuses on privacy-based DeFi platforms that allow users and institutions to lend, trade, and earn yield without exposing all transaction details publicly.

Projects in this space use technologies such as zero-knowledge proofs, shielded transactions, BitVM systems, ZK verification, and 1-of-N honest security models. These tools plan to lower the risk of bridge hacks and remove single points of failure.

The opportunity remains large because Bitcoin’s market capitalization currently stands at around $1.5 trillion. At the same time, many Bitcoin holders still keep their assets inactive instead of using them in DeFi applications. 

Growing Competition in BTCFi 

According to DeFiLlama, the TVL of crypto bridge protocols has reached roughly $40 billion. However, bridges still account for a large share of past DeFi exploits because hackers often target the large pools of liquidity connected to them.

Meanwhile, Bitcoin-focused DeFi ecosystems continue expanding. Projects such as Stacks, Rootstock, Bitlayer, and Citrea are building BTC-backed DeFi applications, although their TVL remains below Ethereum’s DeFi ecosystem.

Also, institutional demand for privacy tools has increased throughout 2026. Developers now see privacy as an important part of long-term adoption because moving private data across chains remains harder than moving tokens alone.

Cardano and Midnight Eyeing the Bitcoin DeFi Sector

Cardano is trying to dominate this market through its research-driven UTXO architecture and its privacy-focused partner chain, Midnight. 

Proponents believe the UTXO model boasts advantages for secure bridges and atomic swaps, as Midnight uses zero-knowledge proofs and selective disclosure systems to combine compliance with privacy.

Cardano’s Bitcoin strategy also reached an important milestone in March 2026 when FluidTokens completed the first native Bitcoin-to-Cardano atomic swap on mainnet. This enabled trustless BTC-ADA trading without bridges or wrapped assets. 

Hoskinson has since highlighted plans to bring more Bitcoin liquidity into Cardano and Midnight, as well as private lending and yield-generating applications. The Cardano founder noted that growing the network’s DeFi in 2026 is a “do-or-die” affair.

Meanwhile, Lace Wallet 2.0 has also added support for Cardano, Bitcoin, and Midnight. Also, the ecosystem continues pushing protocol upgrades, including node improvements and scaling efforts around Leios.

Michael Saylor Insists Bitcoin Will Outperform the SP 500 Over Time

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Michael Saylor, the co-founder of Strategy, has maintained his stance that Bitcoin will outperform the S&P 500 over time.

Saylor reiterated this at his appearance on CNBC’s Squawk Box on Thursday. According to the Bitcoin maxi, the crypto leader will “go up” more than the S&P 500, one of the most watched financial benchmarks in the global market.

Key Points

  • Michael Saylor has maintained his stance that Bitcoin will outperform the S&P 500 over time.
  • Saylor expects a 30% annual return for Bitcoin, forming his $13 million price prediction by 2045.
  • Saylor also claimed that Bitcoin will rally from here, calling the $60,000 support the asset’s bottom.

Strategy Confident of Bitcon’s Trajectory

To put this into context, the Standard & Poor’s 500 index (S&P 500) tracks 500 of the largest public companies in the United States. Prominent market analysts view it as a gauge of total stock market performance and, by extension, the health of the US economy.

So far, the S&P 500 is up 8% YTD, per Google Finance, and has averaged a yearly return of 10%, making it one of the most stable investment vehicles for many market investors. BTC, on the other hand, has dropped 12% YTD.

Nonetheless, Saylor sees Bitcoin outperforming this index over time. While other established financial products have attempted this, the S&P 500’s consistency and reputation have seen it maintain its high place.

However, according to Saylor, this may not apply to Bitcoin over time. The Strategy co-founder sees the premier asset delivering even better performance.

“We expect 30%,” Saylor stated, which outweighs the S&P 500 index’s average annualized return of 10% by threefold.

Bitcoin to $13M Thesis

Notably, it is with this thesis that he formed his prediction that Bitcoin would reach $13 million by 2045. Saylor projected that Bitcoin will bring in an average return rate of 29% over the next 19 years, pushing its price to the ambitious price mark.

The catalysts of this projected return include institutional adoption, government-level treasury strategy, and fixed supply. He expects Bitcoin to de-market gold and bring in capital from the traditional financial market.

Meanwhile, outperforming the S&P 500 has been Saylor’s long-standing projection for BTC. Earlier this year, he noted that Bitcoin will double or triple the index’s performance over the next four to eight years.

BTC Will Rally from Here: Saylor

Saylor also claimed during the Thursday interview that Bitcoin will rally from here, calling the $60,000 support the asset’s bottom. He highlighted that BTC is entering the “spring phase,” with backing from decent support around the current level and a bullish macro environment.

The Bitcoin evangelist cited progress on the passage of the CLARITY Act as a major boost. Recall that the bill passed the US Senate Banking Committee last week with bipartisan support after months of stalling.

Additionally, he mentioned the imminent innovation exemption guidelines from the US SEC to support securities tokenization on the crypto networks. Saylor suggested that this would be massive for the space and potentially drive prices upward.

Flare CEO Outlines Plans to Boost XRP Utility with FAssets Upgrade

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Flare CEO Hugo Philion outlined how Flare plans to expand XRP’s institutional and retail utility through its upgraded FAssets system and upcoming confidential compute infrastructure.

Specifically, Philion explained how the XRP Ledger can function as the issuance and settlement layer, while Flare provides the programmable, privacy-focused compute environment required for institutional-grade DeFi applications.

Key Points

  • Hugo Philion stated that Flare upgraded its FAssets system from v1.2 to v1.3 to simplify FXRP minting. 
  • Philion described the XRP Ledger as an issuance and settlement layer, while Flare acts as the programmable compute layer for DeFi applications. 
  • He highlighted Firelight and Morpho as examples of institutional-grade DeFi protocols being built around XRP liquidity.  
  • Analysts believe Flare’s confidential compute infrastructure could help Ripple attract more institutional tokenization and settlement business. 

FAssets V1.3 Upgrade Importance 

Speaking in an interview with XRP YouTuber Crypto Sensei, Philion explained that Flare’s upgrade from FAssets v1.2 to v1.3 significantly simplifies the process of converting XRP into FXRP.

Previously, users had to complete multiple steps involving collateral reservations and interactions with agents. However, the new “mint-to-tag” model now allows users to send XRP directly to a designated address using structured memo data, reducing the process to a single transaction.

Furthermore, Philion emphasized that the system relies entirely on native XRP Ledger functionality. As a result, users can mint FXRP without requiring direct exchange integrations or approvals. In theory, any exchange that supports XRP destination tags can automatically support the process.

Flare’s Emphasis on Security

Philion also stressed that the upgrade reflects Flare’s broader focus on reducing bridge-related risks. Unlike many cross-chain systems that suffered major exploits after enabling unlimited minting, Philion emphasized that Flare intentionally enforces minting caps, overcollateralized redemptions, escrow protections, and emergency custody arrangements.

In addition, Philion disclosed that Flare’s Core Vault can route funds to a regulated custodian associated with Ripple if the protocol encounters severe issues or attacks.

Upcoming Initiatives

Beyond infrastructure improvements, Flare has continued to expand into XRP-native DeFi. The company is currently working with exchanges such as Uphold to launch one-click XRP products, including staking, lending, borrowing, and loan origination services.

Moreover, Philion identified lending markets as one of the largest missing pieces in XRP’s ecosystem. He highlighted protocols such as Firelight and the modular lending platform Morpho as examples of how Flare is building institutional-grade DeFi infrastructure on top of XRP liquidity.

Flare’s Confidential Compute Initiative

Meanwhile, he described confidential compute as the most ambitious component of Flare’s roadmap. According to him, Flare 2.0 combines blockchain settlement with trusted execution environments, enabling applications to process transactions privately while still proving execution integrity on-chain.

Under this model, tokenized real-world assets issued on the XRP Ledger could move into Flare’s confidential environments. There, institutions could trade assets, borrow against collateral, or access compliant decentralized exchanges without publicly exposing sensitive trading activity.

Ultimately, Philion argued that this structure creates a natural partnership model in which the XRP Ledger serves as the issuance and final settlement layer while Flare operates as the compute and utility layer.

Reacting to the discussion, popular XRP community figure Eri suggested that this model could help “Ripple win business,” particularly in sectors that require confidential compute. 

Shiba Inu Will Enter “Full Send Mode” if This Resistance Breaks

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Shiba Inu could experience a valuation expansion if a multi-year descending resistance trendline finally makes way.

Notably, this trendline has long suppressed Shiba Inu (SHIB), clamping down on every attempt to climb higher. However, a breakout would send the meme coin soaring to much higher valuation levels.

Key Points

  • A descending resistance trendline has capped Shiba Inu’s efforts to attain a higher valuation since the December 2024 peak of $19.7 billion.
  • As such, its market cap has continued to slide, dropping 82.5% to the current level.
  • Shiba Inu could enter a “full send mode” once it breaks out from the multi-year descending resistance.
  • The first area to watch is the $3.74 billion valuation mark, which aligns with the tip of the diagonal resistance.

Shiba Inu Market Cap Stuck Below Resistance

Analyst Don shared a chart of SHIB’s market cap, showing how it has remained suppressed for years. Currently at $3.43 billion, its valuation places it as the 29th-largest cryptocurrency in that metric.

Technically, a downward-sloping resistance trendline has capped efforts to attain a higher valuation since the December 2024 peak of $19.7 billion. As such, its market cap has continued to slide, dropping 82.5% to its current level.

This has also been reflected in its price, which has also declined by the same rate from $0.00003343 in December 2024 to $0.00000582 today, reflecting an almost unchanged circulating supply.

Accumulation Amid Price Weakness

Although the correction mirrors broader market weakness, the analysis suggests there may be more to it than catches the eye. Typically, a prolonged period of consolidation below a resistance allows the underlying asset to build strength for an explosive directional move.

Don agrees with this, stating that Shiba Inu will enter a “full send mode” once it breaks out from the multi-year descending resistance. The analyst didn’t stop there; he highlighted key levels to watch for when SHIB’s market cap starts to show signs of recovery.

An accompanying chart shows that the first area to watch is the $3.74 billion valuation mark, which aligns with the tip of the diagonal resistance. Attaining this would involve adding $310 million to its current market cap, translating to a price of $0.00000634.

Shiba Inu Market Cap Analysis/Don
Shiba Inu Market Cap Analysis/Don

Shiba Inu Breakout Targets

Meanwhile, the chart highlights two other market cap targets upon breakout. The first point is the $8.54 billion valuation. With a circulating supply of 589.24 trillion, this culminates in a price of $0.0000145.

The final target is $20 billion, which represents a price of $0.0000339. This places it slightly higher than the December 2024 peak price. Based on its current market standing, SHIB would need to grow by 483% to reach this price level.

In the meantime, the market tone around Shiba Inu remains cautious, and that needs to change if the uptrend is to happen soon.

Notably, open interest has dropped 3% in the past 24 hours to $49.8 million, suggesting a decline in derivative activities. Exchange spot inflows have also increased, with netflow standing at 15.47 billion in the past 24 hours.

Shiba Inu Exchange Netflow/CryptoQuant
Shiba Inu Exchange Netflow/CryptoQuant

Elon Musk Cryptos in 2026: Top Coins and Real Holdings

or crashing, within hours. But despite all the hype, Musk’s actual involvement in crypto is much smaller and more cautious than many people think.

This guide explains what crypto Elon Musk personally owns, what his companies hold, which coins are truly connected to him, and how to avoid scams using his name.

What Are Elon Musk Cryptos?

The phrase “Elon Musk cryptos” refers to two things.

First, the coins Musk has confirmed he owns: Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). These are major, well-established cryptocurrencies with billions traded daily. 

His companies, Tesla and SpaceX, also hold large amounts of Bitcoin, making them among the largest corporate holders in the world.

The second category includes hundreds of coins that use Musk’s name or image, like “ElonCoin,” “MuskToken,” and “X Coin.” These have no real connection to him, are created by third parties, and are almost always very risky. Musk has clearly stated he is not involved with any of them.

Elon Musk’s Confirmed Crypto Holdings in 2026

In July 2021, Musk confirmed that he personally owns Bitcoin, Ethereum, and Dogecoin. At The B Word conference and on social media, he joked that these are just “ASCII hash strings,” highlighting that cryptocurrencies are really just digital data. As of 2026, he has not announced owning any other coins.

Bitcoin (BTC)

Musk received 0.25 BTC from a friend in 2018, the earliest known record of his Bitcoin holdings. He has not disclosed how much he currently owns. While he does hold Bitcoin, Musk has criticized it for using too much energy. 

Tesla even paused BTC payments in 2021 because of this and its slow speed, which he said stems from how it was originally designed in 2008.

Ethereum (ETH)

Confirmed at The B Word conference in 2021, Musk described Ethereum as a practical smart contract network rather than a meme asset. However, he has not revealed specific quantities and has made fewer public comments about ETH than about the other two coins.

Dogecoin (DOGE)

This is where Musk’s enthusiasm is most visible and documented. He has championed Dogecoin since at least 2019, citing its lower transaction fees, faster block times, and the community-driven, humorous spirit of the project. 

He has referred to it as a “people’s crypto” on multiple occasions. Despite acknowledging its origins as a joke, Musk argues that its blockchain infrastructure makes it more practical for everyday payments than Bitcoin.

What Musk Does Not Hold

In October 2021, when asked directly by a social media user how much Shiba Inu (SHIB) he owned, Musk replied, “None.” 

He has issued similar denials for other tokens bearing his name or image. To date, Musk has publicly stated that his only personal cryptocurrency holdings are Bitcoin, Ethereum, and Dogecoin.

Corporate Holdings: Tesla and SpaceX

Musk’s influence on crypto is not limited to his personal wallet. Two of his companies hold substantial Bitcoin positions, and their actions have at times moved global markets.

Tesla

In February 2021, Tesla bought $1.5 billion worth of Bitcoin, helping drive a major market rally. The company later sold some to raise cash. As of today, Tesla holds 11,509 BTC, bought for about $386 million, making it one of the largest corporate Bitcoin holders. 

Tesla also holds Dogecoin and has accepted DOGE for online merchandise since January 2022. Notably, Tesla has not fully separated its BTC and DOGE values in its most recent digital-asset disclosures.

SpaceX

SpaceX has maintained Bitcoin holdings since 2021, though the company has historically been less transparent than Tesla about its exact position. In July 2025, blockchain analytics identified a SpaceX-controlled wallet transferring approximately $153.7 million in BTC. Even after that transfer, SpaceX reportedly retained over $850 million in Bitcoin reserves.

Top Elon Musk Cryptos by Market Relevance in 2026

Bitcoin

Bitcoin remains the largest and most important crypto in Musk’s confirmed holdings and Tesla’s treasury. In 2025, Musk’s new political group, the America Party, took a pro-Bitcoin stance, adding a political angle to his crypto involvement. Experts speculate he may buy more BTC in 2026, but nothing is certain.

Dogecoin

Dogecoin is the crypto most closely tied to Musk. Once a joke coin, DOGE has survived while many other projects failed, thanks to Elon Musk’s backing. 

In early 2026, DOGE ETFs launched, bringing in millions of dollars in inflows. It’s accepted at AMC Theatres, tested at GameStop, and usable for Tesla merchandise. While its price no longer spikes dramatically after Musk’s comments, DOGE still has a market value above $15 billion.

Ethereum

While Musk owns Ethereum, he has also praised its smart-contract capabilities. He talks less about ETH than Dogecoin, but his confirmed holdings keep it relevant. Ethereum’s widespread use in DeFi, NFTs, and stablecoins gives it a strong market presence that even Musk cannot drastically move.

How Elon Musk Influences the Crypto Market

Musk’s influence on digital assets operates through several distinct channels:

Social media posts. 

One post on X, a meme, a short reply, or an endorsement, can move prices, especially for Dogecoin and other meme coins. Studies tracking engagement between 2024 and 2026 show that Musk’s posts remain among the most reacted-to financial messages online. 

However, the magnitude of these moves has diminished as the market has grown and diversified. Price swings after his comments now tend to be smaller and shorter-lived than in 2020–2021.

Corporate treasury decisions

Tesla’s $1.5 billion Bitcoin purchase in 2021 showed that major companies could hold crypto as a treasury asset. That decision triggered a market rally worth tens of billions in capitalization. Subsequent moves, such as partial BTC sales and DOGE integration for merchandise, continue to set precedents that other companies closely watch.

Payment integration signals

Musk has promoted Dogecoin payments on X and in real-world projects like the Las Vegas Loop. X Money, a payment system under development, fuels speculation about broader crypto use.

Political and regulatory signals

Musk’s advisory role in the U.S. government’s DOGE Department (2024–2025) and public comments on blockchain and regulation shape how lawmakers and regulators approach crypto.

The SpaceX–xAI merger. 

In February 2026, SpaceX acquired Musk’s AI company xAI in a $1.25 trillion all-stock deal. This sparked speculation about potential crypto use in space-based AI and satellite networks.

Overall, the “Musk effect” is mostly a sentiment amplifier: in strong markets, it can accelerate rallies; in weak markets, attention-driven assets may fall faster.

Top Elon Musk Meme Coins to Watch in 2026

Dogecoin (DOGE)

The only meme coin with a real, documented connection to Musk. DOGE is still the main celebrity-driven crypto and has more support than most meme coins thanks to its spot ETF pipeline and growing merchant adoption. 

One caution: unlike Bitcoin, DOGE has no supply cap; around 5 billion new DOGE are created each year, which matters for long-term holders.

Floki (FLOKI)

Named after Musk’s Shiba Inu puppy, Floki launched in 2021 and quickly became a well-known meme coin. Unlike purely speculative tokens, Floki has a real ecosystem: a play-to-earn game (Valhalla), DeFi products (FlokiFi), and an educational platform (Floki University). 

It runs on Ethereum and BNB Chain and has marketing partnerships with sports teams worldwide. Floki combines meme culture with real development, making it unique in the space.

Shiba Inu (SHIB)

Launched as a “Dogecoin killer,” SHIB is the largest Ethereum-based meme coin by market cap. It now has its own ecosystem, including a decentralized exchange (ShibaSwap), a Layer-2 blockchain (Shibarium), and governance tokens (LEASH and BONE). 

Musk has confirmed he does not hold SHIB, but its size and liquidity make it a major player in the meme-coin world. Notably, half of SHIB’s supply was originally sent to Ethereum co-founder Vitalik Buterin, who donated part of it to COVID-19 relief in India.

Pepe (PEPE)

Inspired by the Pepe the Frog meme, PEPE launched in April 2023 and hit a $1 billion market cap in just three weeks. It has stayed popular longer than many competitors. 

While Musk isn’t directly connected, his activity often fuels the meme-coin market, which benefits PEPE. Its strong liquidity and listing on major exchanges make it easy to trade.

Bonk (BONK)

A Solana-based meme coin, BONK was airdropped to community members during a challenging period for the Solana network. It has grown into one of Solana’s main community tokens, with fast transactions and increasing exchange support. Musk isn’t directly involved, but his influence on risk-on sentiment benefits it.

The Legal Landscape: The Dogecoin Lawsuit

In June 2022, a Dogecoin investor sued Elon Musk, Tesla, and SpaceX, alleging they ran a pyramid scheme by promoting Dogecoin and seeking $258 billion in damages. Musk’s lawyers argued that his posts and memes were protected speech, not market manipulation. 

The case was dismissed by a federal judge in August 2024. The plaintiffs dropped their appeal in November 2024, ending the lawsuit.

Analysts view this as a key test of how the law treats celebrity influence in crypto markets.

How to Verify Any “Official” Musk Crypto Claim

Given the volume of scams exploiting Musk’s name, a basic verification checklist is essential before engaging with any token claiming his association:

  1. Check the primary source. 

Musk’s confirmed statements come from his verified X account (@elonmusk) and SEC filings related to Tesla’s treasury. Any claim of a new holding, endorsement, or official partnership not originating from these sources should be treated as unverified.

2. Look for SEC disclosures. 

Corporate crypto holdings are reported in quarterly and annual filings. If a claim about Tesla or SpaceX holding a new token cannot be verified in SEC or equivalent regulatory filings, it is almost certainly false.

3. Search Musk’s X history. 

His feed is public and searchable. Genuine endorsements will have traceable posts. Be cautious of screenshots without verifiable links; they can easily be fabricated.

4. Ignore influencer amplification. 

Musk does not run personal tokens. Any coin claiming to be the “official Elon Musk token” is a third-party creation.

5. Beware of hype. 

Numerous accounts on X, YouTube, and Telegram claim exclusive knowledge of Musk’s “next crypto pick”. None of them has verified information. This content is designed to manufacture urgency and drive purchases that benefit early holders at the expense of later buyers.

How to Evaluate Elon Musk Crypto Before Investing

Whether it’s a confirmed holding like Bitcoin, Ethereum, or Dogecoin, or a meme coin linked to Musk, following a clear evaluation process helps reduce risk:

  1. Assess fundamentals independently of Musk

Ask: Would this coin have value without Musk’s attention? Bitcoin and Ethereum clearly would. Dogecoin has some real-world use and recognition. Many meme coins fail this test.

2. Check liquidity and market cap

Low liquidity can cause wild price swings. A high market cap with low trading volume may be misleading. Favor coins that trade on major exchanges with real activity.

3. Understand tokenomics

Look at supply rules, inflation, and founder vesting schedules. For example, DOGE has no supply cap, with 5 billion new coins minted yearly. This does not automatically disqualify it, but should guide expectations.

4. Size your position wisely

Musk-linked meme coins can rise or fall dramatically. Treat them as small, speculative parts of your portfolio, not core holdings.

5. Watch for market manipulation 

Rapid price jumps without news are often engineered by early holders or coordinated groups. These “pump-and-dump” moves can trap inexperienced investors.

The Bottom Line

In 2026, Elon Musk’s confirmed crypto holdings are straightforward: Bitcoin, Ethereum, and Dogecoin, along with significant Bitcoin exposure through Tesla and SpaceX. Beyond these, many coins claim a connection to him without proof.

The “Musk effect” is real, but changing. Price moves from his comments are smaller and shorter than in earlier years. The market now rewards real utility, strong communities, and solid fundamentals alongside hype. Musk remains a major influence, but the crypto ecosystem is more complex and competitive than ever.

For investors, the rule is simple: verify the connection, focus on fundamentals, and do not rely on celebrity endorsements instead of research.

Analyst Warns Many Will Look Back Wishing They Bought XRP Sooner

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Digital Ascension Group Chairman Jake Claver believes many investors could eventually regret overlooking XRP at its current price levels.

Although XRP trades roughly 60% below its 2025 peak, Claver argues that the asset’s underlying fundamentals continue to strengthen. 

He pointed to rising real-world asset (RWA) tokenization, growing ETF inflows, expanding institutional custody adoption, and record wallet accumulation as signs that XRP’s ecosystem is advancing despite muted price action.

Key Points

  • XRP trades around 60% below its 2025 peak, even as institutional activity in the asset continues to grow.
  • Analyst Jake Claver suggests investors may later regret overlooking XRP at current levels.
  • He points to strengthening fundamentals behind the scenes, including rising tokenization of RWAs on the XRP Ledger and growing spot ETF inflows.
  • Claver compares XRP’s current market structure to early accumulation phases of Bitcoin and Ethereum. 

Growing Institutional Adoption 

According to Claver, several recent developments continue to reinforce XRP’s long-term growth outlook. Most notably, the XRP Ledger (XRPL) surpassed $3 billion in tokenized RWAs, representing a 59% increase within a single month.

In addition, he indicated that spot XRP ETFs have attracted approximately $1.35 billion in cumulative inflows. On May 11, 2026, alone, the products recorded nearly $26 million in net inflows, which Claver described as evidence of sustained institutional demand through regulated investment vehicles.

Claver also highlighted the recent expansion of Ripple’s institutional infrastructure business. He noted that Hidden Road, Ripple’s prime brokerage subsidiary, recently secured a $200 million asset-backed debt facility from Neuberger Berman, further strengthening its role in institutional trading markets.

RLUSD and XRP Adoption Gains Momentum 

In addition, Claver emphasized the growing adoption of RLUSD, Ripple’s U.S. dollar-backed stablecoin. According to him, the stablecoin has gained traction across institutional finance networks through integrations with platforms such as OKX and AMINA Bank, while BNY Mellon provides custody support for its reserves.

On-chain data also supports the broader accumulation narrative, Claver said. He cited recent metrics showing that 332,230 wallets now hold at least 10,000 XRP, marking the highest concentration of large XRP wallets recorded so far despite the relatively weak market performance.

Beyond the United States, Ripple has continued to expand its international presence through partnerships, remittance initiatives, and regulatory engagements across Japan, the Middle East, Africa, and Europe. Claver also pointed to the potential passage of the CLARITY Act and SBI Holdings’ deepening involvement in the XRPL ecosystem as additional bullish catalysts. 

Investors Might Regret Not Buying XRP at Discounted Prices 

Despite these developments, XRP’s market performance has remained relatively subdued. The token currently trades around $1.37, down more than 60% from its previous all-time high. XRP has also fallen roughly 3.5% over the past week, extending its 30-day decline to nearly 5.7%.

Claver compared the divergence between XRP’s fundamentals and price action to earlier accumulation phases seen in Bitcoin and Ethereum. In his view, the infrastructure, institutional, and whale activity developing behind the scenes could eventually position XRP for a significant breakout.

He suggests that investors often fail to recognize accumulation opportunities until after prices surge. Summarizing that sentiment, Claver emphasized that many people may eventually look back and say, “I should have bought back then.”

For that reason, he described XRP’s current range as a potential accumulation phase — a period when prices appear stagnant, and retail sentiment weakens, even as institutional foundations continue to strengthen ahead of broader market recognition.

Shiba Inu Bulls Need This Structural Shift as SHIB Languishes Near Historic Lows

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Shiba Inu has struggled to make any meaningful bullish price move to reclaim its 2021 peak and is in desperate need of a structural shift.

The Shiba Inu (SHIB) price is stuck beneath long-term resistance structures and is currently down over 90% from the 2021 high. Even after several recovery attempts over the past few years, the broader chart still reflects a pattern of lower highs.

Meanwhile, recent analysis has highlighted levels that SHIB should break to spark a structural shift and kickstart a sustained uptrend to greater heights.

Key Points

  • The Shiba Inu (SHIB) price is stuck beneath long-term resistance structures.
  • On the monthly chart, SHIB consolidates near a major support area around $0.00000600.
  • Shiba Inu recently failed to maintain momentum above the $0.0000070 resistance region on the weekly chart.
  • Unless Shiba Inu decisively breaks above $0.0000070, bears will continue to dominate market proceedings.

Shiba Inu Near Historic Lows

Specifically, commentator Dukes identified these levels in a TradingView analysis. He first highlighted the meme coin’s struggles, as it has dropped significantly to multi-year support levels.

On the monthly chart, SHIB consolidates near a major support area around $0.00000600. This zone has repeatedly prevented deeper declines since its early days in 2021, making it one of the most important technical levels on the chart.

Shiba Inu Monthly Support/Dukes
Shiba Inu Monthly Support/Dukes

For SHIB to reclaim its all-time high near $0.00008854, it would have to soar by over 1,400%, highlighting how far the meme coin is from its previous peak. While history suggests it can pull off such a price increase, how it handles immediate resistance levels on lower timeframes would play a major role.

Shiba Inu Bulls Need a Structural Shift

The analyst noted that SHIB recently failed to maintain momentum above the $0.0000070 resistance region on the weekly chart. After briefly rising to an intra-week high of $0.0000067 last week, the token quickly pulled back over 12% to its current price of $0.00000582.

Dukes emphasized the importance of that level, noting that unless Shiba Inu decisively breaks above it, bears will continue to dominate market proceedings. Reclaiming this level confirms a structural shift favoring a sustained uptrend.

Meanwhile, the chart highlighted another crucial resistance zone around $0.0000100 as one to watch.

Key Shiba Inu Resistance Levels/Dukes
Key Shiba Inu Resistance Levels/Dukes

In the meantime, SHIB is struggling with the downward-sloping 21-week EMA at $0.00000667, which remains above the current price. The dynamic resistance capped its rally in the previous week and has done so since early 2025.

Momentum indicators also reflect price weakness. Specifically, RSI remains below 50, suggesting bearish conditions still dominate the broader structure. Although Stochastic RSI has begun to recover slightly from oversold territory, there remains a lack of strong confirmation of a sustained reversal.

Elliott Wave Structure Suggests Possible SHIB Recovery

Meanwhile, a parallel lower-timeframe analysis from Aurex Finance shows early positive signs. It suggests that SHIB is attempting to stabilize after completing a corrective structure on the 4-hour chart.

The token broke below an ascending channel on May 15, after trending within it for several weeks. However, there is more to this breakdown. The analyst noted that the downtrend has completed an Elliott Wave Expanded Flat correction marked by the A-B-C structure. 

The pattern began with an initial decline to the $0.0000059 support on April 29, followed by a strong recovery wave to $0.0000066 on May 11. The final corrective wave C spurred the channel breakdown to current price levels.

Shiba Inu ABC Elliott Wave Pattern
Shiba Inu ABC Elliott Wave Pattern/Aurex Finance

According to the analyst, the corrective wave seems to be exhausted, with the price beginning to stabilize at current support. The chart suggests SHIB could attempt a recovery toward the channel and possibly break above to much higher prices above $0.00000720.

Cardano Hasn’t Done Much, But Here’s Why Bulls Have An Upper Hand

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Cardano is currently looking stagnant, but the broader picture favors patient bulls who will hold through the prolonged sideways trend.

Notably, Cardano (ADA) has spent months in consolidation, frustrating both bulls and bears. Repeatedly, the coin has made quick upside moves, only for momentum to stall and its price to return to support. The major question among investors now remains: what next?

Key Points

  • Cardano (ADA) has spent months in consolidation, frustrating both bulls and bears.
  • Beyond the past few months, the frustrating trend has defined Cardano’s price action in the current market cycle.
  • Despite this, what stands out is that Cardano did not fall below its key support areas.
  • The broader structure still favors Cardano bulls as long as the major support area continues holding.
  • ADA could recover from support and subsequently target $2.62.

Cardano Remains Stagnant

Analyst MasterAnanda discussed this trend in a recent TradingView market outlook, highlighting that ADA has not done much in years. Beyond the past few months, the frustrating trend has defined Cardano’s price action in the current market cycle.

Even with repeated market swings, ADA did not push into new all-time highs. Shockingly, it didn’t even meet its 2021 peak of $3.10 halfway during the last bull season. Meanwhile, as the market turned bearish, the coin did not collapse to new cycle lows either. Instead, it retraced to its previous cycle lows and stayed there.

Meanwhile, what stands out is that Cardano did not fall below its key support areas. During the earlier market decline, ADA dropped to the $0.220 accumulation region, but buyers quickly stepped in to cushion weak price momentum.

Cardano Holds Key Support as Consolidation Continues

MasterAnanda sees the current structure as more of a prolonged consolidation than an outright failed advance. He believes the short period of growth is important because it prevents a drop below key support levels.

Notably, the recent rebound behavior also supports that interpretation. During periods of market weakness, ADA has consistently remained above support, quickly relinquishing earlier recoveries and moving back to the demand zone. 

In many bearish structures, prolonged action directly on support often leads to eventual breakdowns. Cardano, by contrast, continues rotating within the same broader range without losing its structural bottom. This has ensured that ADA has spent months building a base. Such price action usually builds the momentum for the next big move.

Broader Structure Still Favors Long-Term Bulls

Although Cardano has not attempted to reclaim major resistance levels recently, the broader structure still favors bulls as long as the major support area continues holding. The current range acts as a buffer, with buyers defending lower levels when uncertainty hits the crypto market.

The chart shows a possible recovery from support, targeting higher prices. The first target is $0.38, then a 300% growth from support to the August 2025 high of $1.02. Subsequently, Cardano could reach the major resistance area at $2.62, representing a 947% rally.

Cardano Targets from Support/MasterAnanda
Cardano Targets from Support/MasterAnanda

Nonetheless, the analyst highlighted that the possibility of temporary shakeouts remains. A sudden downside move below the current support at $0.248 and the local support at $0.22 is still possible in volatile market conditions. However, he sees this as a great accumulation opportunity, favoring long-term holders.

XRP Breaks Below Triangle Support Trendline: Here’s Where the Next Key Support Lies

XRP recently broke below a pivotal triangle support trendline amid the latest pullback, bringing lower support levels into play.

Cryptorphic, a pseudonymous yet prominent market analyst, first called attention to this development, pointing out that the breakdown poses a problem to bulls. According to him, from here, XRP’s next key support lies around the $1.21 mark, aligning with an important horizontal support trendline.

Key Points

  • XRP has broken below the lower support trendline of a pivotal symmetrical triangle after months of persistent squeeze.
  • The triangle formed as XRP recovered from the crash to $1.1 in February and lasted for over three months.
  • The next step for XRP is to retest the lower trendline, which has now flipped to resistance.
  • If the asset fails to breach the resistance and slip back into the triangle, the next key support level lies around $1.21.

XRP Breaks Below Triangle Support

Cryptorphic confirmed this breakdown in his latest XRP price analysis, adding that the development is not a good sign for bullish investors. According to him, XRP recently made a breakout attempt during the wider market upsurge, but this was not enough to breach the resistance at the upper trendline.

For context, XRP and the rest of the crypto market slipped into a rebound campaign at the end of April. This recovery push resulted in XRP recording three successive higher highs, particularly $1.45 on May 6, $1.50 on May 10, and $1.54 on May 14.

Notably, hitting the $1.54 high allowed XRP to retest the upper trendline of the symmetrical triangle, as it eyed a possible breakout above the trendline. However, the resistance at this area proved stubborn, especially as the bullish momentum in the crypto market lost steam.

As a result, XRP experienced a pullback with the rest of the market, collapsing from the $1.54 high. The crypto asset saw a 3.43% intraday drop on May 15, its largest single-day crash in over a month, and sustained the downtrend until it hit the late-April lows of around $1.34 yesterday. This resulted in the breakdown below the lower support trendline.

Origin of the Symmetrical Triangle

For context, the symmetrical triangle started forming after XRP collapsed from its January highs to the $1.1 floor price in early February and then recovered immediately. From here, the price witnessed a series of lower highs and lower lows, gradually compressing into lower swings.

XRP 12h Chart Cryptorphic
XRP 12h Chart | Cryptorphic

Cryptorphic highlighted the symmetrical triangle in an update on May 11, pointing out this compression, as the XRP price pushed toward the apex of the structure. At the time, he noted that XRP had not recorded any confirmed breakout or breakdown, but that it was running out of space.

According to him, the compression typically leads to a massive move in either direction when the market makes a decision. However, he stressed that the structure looked weak and sellers could take control of the scene if XRP suffers a breakdown, eyeing lower price levels.

What Next for XRP?

This breakdown has now occurred, but a retest of the lower trendline as resistance is necessary to confirm the dominance of selling pressure. If XRP breaches the trendline and slips back into the triangle, it could negate the bearish trend. However, if it fails to breach the trendline, this may lead to steeper declines.

In this case, Cryptorphic stressed that the next key support would sit at the $1.21 level, representing an additional 12% decline from current levels. At press time, XRP has recovered considerably from the $1.34 low, changing hands around $1.38 as it seeks to breach the lower trendline. 

Iagon CTO Accuses Cardano Founder of Encouraging Hostile Governance Culture

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Iagon CTO Holger Mesiats has accused Charles Hoskinson of fostering a hostile environment toward governance criticism within the Cardano ecosystem.

In a lengthy statement published on X, Mesiats argued that recent disputes surrounding Cardano’s treasury proposals exposed a dangerous governance culture in which influential figures publicly attack dissenting voices for raising legitimate concerns.

Key Points

  • Holger Mesiats accused Charles Hoskinson of creating a hostile environment toward governance criticism within the Cardano ecosystem.
  • He highlighted that recent treasury proposal disputes revealed a culture where influential figures publicly attack dissenting voices.
  • Tensions between Hoskinson and Iagon leadership have escalated in recent weeks, with both sides exchanging insults publicly.
  • The dispute prompted Hoskinson to sever ties with Iagon, triggering a roughly 30% drop in IAG’s market price.  

“A Dangerous Governance Culture” 

The controversy stems from ongoing disagreements over treasury proposals submitted by Input Output Global (IOG) earlier this year. As previously reported, several community members, including Iagon CEO Navjit Dhaliwal, raised concerns about the proposals.

Last month, Dhaliwal questioned whether delegated representatives (DReps) with paid ties to IOG should abstain from voting on IOG treasury proposals because of potential conflicts of interest.

However, Mesiats argued that ecosystem leaders never directly addressed the concern. Instead, he claimed influential figures portrayed critics as aggressors while publicly defending IOG and its allies. According to prior reports, the dispute also contributed to a sharp decline in IAG, with the token losing roughly 30% of its value.

To explain the situation, Mesiats referenced the psychological framework known as DARVO — Deny, Attack, Reverse Victim and Offender. Researcher Jennifer Freyd developed the term to describe situations in which powerful individuals allegedly reject criticism, attack critics, and reposition themselves as victims. 

Iagon CTO Issues New Warning After Recent Clash With Cardano Founder 

According to Mesiats, several ecosystem participants followed that pattern throughout the dispute. He also revealed that Hoskinson blocked him on X, preventing him from directly responding to posts made about him by the Cardano founder.

In addition, Mesiats criticized Hoskinson for describing him as suffering from “CDS (Cognitive Dysfunction Syndrome),” a term he interpreted as a demeaning comparison rather than a substantive response to governance concerns.

Mesiats stressed that the issue extends far beyond personal disagreements. He warned that decentralized governance could become ineffective if DReps, projects, or community members fear reputational or financial consequences for questioning influential actors.

Escalating Tension Within Cardano Community 

Meanwhile, tensions between Hoskinson and several Iagon executives have intensified in recent weeks. At the center of the dispute is Hoskinson’s ongoing support for Filecoin, a decentralized cloud storage provider that competes with Iagon.

Hoskinson suggested that his support for Filecoin angered Iagon leadership because both projects operate in similar sectors. Furthermore, he claimed that frustration over the partnership motivated some Iagon executives, including Dhaliwal, to vote against IOG-backed proposals.

Reacting, Hoskinson ended his relationship with Iagon and warned that the project could collapse unless its leadership changes. Consequently, the disagreement escalated further, with Dhaliwal recently voting against IO’s latest research proposal.

Dhaliwal defended his decision by arguing that the Cardano ecosystem has already funded extensive research initiatives, including last year’s program, which covered 20 separate research streams.

Nonetheless, Hoskinson reiterated the importance of continued research funding. He argued that reducing research support could damage Cardano’s reputation as the crypto industry’s science coin. 

The dispute has since evolved into a broader public feud. While Mesiats described Hoskinson as one of the biggest threats to Cardano’s growth, Hoskinson responded by characterizing Mesiats as suffering from CDS.

Meanwhile, several neutral community members have urged both sides to de-escalate tensions and refocus on strengthening the broader Cardano ecosystem.