Today's Cryptocurrency Prices by Market Caps
The global cryptocurrency market cap today i $2.71T
Market Cap
$2.71T
24h Trading Volume
$88.96B
BTC Dominance
58.30%
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Armstrong Trolls Jamie Dimon with Hockey Meme in Clash Over Stablecoin Yield
Coinbase CEO Brian Armstrong fired a public shot across the bow of JPMorgan’s Jamie Dimon on Friday — but he did it with a hockey meme. Hours after Dimon told Fox Business’s Mornings with Maria that Armstrong was “full of sh!t” over his lobbying for the Digital Asset Market Clarity Act, Armstrong posted a hockey-themed rivalry meme on X. The exchange is the latest flare-up in a months-long public feud between the head of crypto’s largest exchange and the boss of America’s biggest bank, now focused on one core question: should crypto platforms be allowed to pay yield on stablecoin balances without taking on bank-style regulation? Dimon, speaking May 29, warned that the bill “allows cryptocurrency firms to effectively pay interest on deposits, stablecoins or something like that, without the protection that they should have.” He said the law “would eventually blow up” as written and accused Armstrong of spending hundreds of millions lobbying in Washington. “No one is going to bow down to this guy,” Dimon added. The shot from Dimon drew immediate pushback in crypto circles. Galaxy Digital CEO Mike Novogratz tweeted: “Since when do banks get to decide on legislation?” — arguing lawmakers, not financial institutions, should set the framework for digital assets. This is not new animosity. At the World Economic Forum in Davos in January 2026, Dimon reportedly told Armstrong directly, “you are full of sh!t,” in a private meeting that included former UK prime minister Tony Blair. Bank of America CEO Brian Moynihan also allegedly told Armstrong at Davos: “If you want to be a bank, just be a bank.” The dispute maps directly onto the legislative fight. Coinbase withdrew support for the Clarity Act in January after a Senate draft would have effectively banned yield on stablecoin balances, prompting Senate Banking Committee Chair Tim Scott to cancel a planned vote. By May, negotiators struck a compromise that permits activity-based rewards while banning passive yield; Armstrong again backed the updated bill ahead of the Senate Banking Committee’s May 14 markup, which passed 15–9. But Dimon’s public condemnation signals banks and their allies are prepared to keep fighting the bill on the Senate floor. For Coinbase the outcome is far from academic: the company reported $1.35 billion in stablecoin revenue in 2025, so the yield provisions are both a regulatory and a material business issue. Market participants are split but optimistic: Galaxy Research’s Alex Thorn currently gives the Clarity Act roughly a 70% chance of passing before the August recess, while Polymarket traders price it at about 61%. Dimon’s opposition — backed by the clout of JPMorgan — adds a new layer of institutional friction at a moment when the bill’s schedule is tightening. Read more AI-generated news on: undefined/news
Ki Young Ju Warns Bitcoin Bear May Run Into 2027, Citing CryptoQuant PnL Index
CryptoQuant CEO Ki Young Ju warns Bitcoin’s current downturn could stretch into early 2027, drawing on on-chain profit-and-loss data that echoes the extended bear cycles of 2014, 2018 and 2022. Ju’s thesis centers on CryptoQuant’s PnL Index Signal — a 365-day moving average that measures investor profitability. That indicator peaked in late 2025 and then rolled over in a pattern that mirrors the tops before previous prolonged bear phases. Historically, Ju notes, once profit-taking cascades, investor PnL tends to decline for roughly 18 months. “Since the trend change started in October 2025, the bear market could last until early 2027,” he wrote on X, adding that the market only flips when unrealized profits rise while realized profits fall — a combination he says has not yet appeared. Market backdrop and price action - At the time of Ju’s post, Bitcoin was trading around $73,000, down about 30% from its 2025 highs. - The drawdown has been compounded by macro headwinds — notably elevated U.S. Treasury yields and broad risk-off sentiment — and weakening spot demand. Social bearishness toward Bitcoin hit its highest level in 2026, CryptoQuant’s coverage noted. What would signal a reversal? Ju says a convincing trend reversal requires two concurrent on-chain signals: rising unrealized profits (indicating holders are back in the money) and falling realized profits (showing sellers are no longer taking gains). Until that pattern emerges, Ju maintains the bear case is intact. Counterpoints from the market Not everyone agrees on the extended timeline. VanEck CEO Jan van Eck told CNBC earlier this year that Bitcoin might be forming a cycle bottom, pointing to stabilizing options markets and reduced selling by long-term holders. Coinbase’s April 2026 monthly report suggested price support could emerge between May and June, potentially setting the stage for a stronger Q3. Demand drivers to watch Ju flagged two critical catalysts for a sustained recovery: - Renewed inflows into spot Bitcoin ETFs (flows remain positive but have normalized since the early-2025 surge). - Increased activity from institutional OTC desks, which has slowed recently. On-chain nuance and technical levels CryptoQuant’s on-chain data shows capital inflows continue, but market capitalization hasn’t responded proportionally — a divergence Ju describes as a hallmark of a bear market. Technical trackers such as CoinGlass identify resistance clusters around $74,200–$74,500, where large sell orders are concentrated. Institutional catalysts and policy Many market participants are also watching the potential passage of the Clarity Act as an institutional catalyst, though Ju’s PnL-based model is agnostic to policy timelines. Bottom line Ju’s on-chain framework points to a multi-quarter stretch before the bear is definitively over, with early 2027 as a plausible end point if historical patterns repeat. Offsetting views and signs of stabilization exist, however, so traders and investors should monitor ETF flows, OTC activity, and the critical on-chain profit signals Ju highlights. Read more AI-generated news on: undefined/news
Binance AirDrops 10M GENIUS to BNB HODLers; CZ Joins Genius Terminal as Advisor
Binance has added Genius Terminal (GENIUS) to its HODLer Airdrop program as the 65th featured project, handing out 10 million GENIUS tokens to qualifying BNB holders. Snapshot and eligibility - The eligibility snapshot ran from May 11–13, 2026. Only users who had BNB subscribed to Binance’s Simple Earn or On‑Chain Yields during that window qualified. - Airdrop allocations were distributed proportionally to each user’s BNB balance, and rewards were credited to eligible users’ Spot Accounts within five hours of Binance’s announcement. About Genius Terminal - Genius Terminal is a multichain trading platform that aggregates perpetual decentralized exchanges to offer spot and perpetual trading — reportedly with zero fees on select pairs. - The project held its token generation event in April 2026. GENIUS has a total supply of 1 billion tokens; the HODLer Airdrop accounts for 10 million tokens, or 1% of maximum supply, injecting fresh circulating tokens ahead of any exchange listing. Backers and market reaction - YZi Labs (formerly Binance Labs) made an eight‑figure investment in Genius Terminal in January 2026, and Binance CEO Changpeng Zhao (CZ) joined the project as a strategic advisor. - The investment and advisor news helped spark a major uptick in the platform’s activity, with weekly trading volume jumping from roughly $80 million to over $2 billion in the seven days that followed. Why it matters - Binance’s HODLer Airdrop program rewards long‑term BNB holders and gives early visibility to projects building on BNB Smart Chain. Past HODLer features have driven sharp price moves as recipients decide to hold or sell — for example, SAPIEN soared more than 100% within 24 hours after being named the program’s 57th project. - Genius Terminal’s selection follows the 64th HODLer Airdrop, Gensyn (a decentralized AI compute network), reinforcing a trend toward AI‑linked infrastructure projects in Binance’s curation. Listing outlook - Binance has not confirmed whether GENIUS will receive a full spot listing. Historically, projects in the HODLer program have often moved to spot trading within 24 hours of the airdrop announcement, so market participants will be watching closely for any listing update. Bottom line: GENIUS’s HODLer inclusion highlights growing institutional interest in multichain trading infrastructure and continues Binance’s strategy of using airdrops to reward BNB loyalty while spotlighting selected projects ahead of potential exchange listings. Read more AI-generated news on: undefined/news
Lummis Warns: This Congress Is the Last Real Chance to Pass the Clarity Act Before 2030
Headline: Lummis warns — this Congress is the last realistic chance to pass the Clarity Act before a 2030 pause Senator Cynthia Lummis on May 29 issued a blunt warning to Washington: this Congress is the “final realistic window” to pass comprehensive digital-asset legislation, or lawmakers may not get another shot until 2030. In a post on X, the Wyoming Republican said delays leave developers exposed and law enforcement under-equipped — problems the Clarity Act is designed to fix. Where the bill stands - The Senate Banking Committee edged the Clarity Act forward on May 14 in a 15–9 bipartisan vote — a significant step after months of deadlock, largely over stablecoin yield provisions. - The House already approved its version 294–134, and the Senate Agriculture Committee has cleared its own text. The Trump White House has publicly named the bill a national priority. - But the path to final enactment remains long: a Senate floor vote, reconciliation between House and Senate versions, and the president’s signature are still required — all with the November 2026 midterms compressing an already-tight calendar. Why Lummis says time is running out Lummis argues the current political alignment — a pro-Clarity House, supportive Senate committees, and White House backing — is fragile. A House flip after the midterms or shifts in Senate committee composition could unravel that coalition and force the industry back to square one under a new Congress with different priorities. Political forecasts suggesting Republican seat losses and market-implied odds reflect that uncertainty: Polymarket currently prices Clarity Act passage in 2026 at about 58%. Industry and administration voices weigh in SEC Chair Paul Atkins expressed confidence that Congress will pass the bill and that President Trump would sign it. Treasury Secretary Scott Bessent has warned a lack of regulatory clarity is already pushing crypto development overseas, toward hubs such as Abu Dhabi and Singapore. What the Clarity Act would do The legislation aims to create formal definitions for digital assets and split regulatory authority between the SEC and the CFTC depending on an asset’s classification. That would replace the current patchwork approach in which the SEC applies the Howey test to tokens on a case-by-case basis, leaving developers with limited procedural protections. Points of contention Key sticking points remain: stablecoin yield rules and ethics language that would bar government officials from personally profiting from crypto holdings. Both issues must be resolved before the bill can be finalized and sent to the White House. Lummis’s closing warning A one-term senator who has said she will not run for reelection, Lummis framed the stakes in stark terms: without the Clarity Act, American developers risk prosecution merely for publishing code. The Senate Banking Committee vote was an important milestone, she said — but with the clock ticking, the window to complete the remaining steps is rapidly narrowing. Read more AI-generated news on: undefined/news
Grayscale: Hyperliquid's $800M 2025 Rise Could Make It a 24/7 DeFi Market Juggernaut
Hyperliquid’s rapid rise from a niche perpetual-futures venue to a potential backbone of decentralized finance is drawing fresh attention from Wall Street analysts. In a new report, Grayscale paints Hyperliquid (HYPE) as more than just another crypto exchange. Launched less than three years ago as a decentralized perpetual futures platform, the protocol “generated roughly $800 million in revenue in 2025” and handled about $2.9 trillion in perpetual-futures volume that year, the firm said. Hyperliquid now carries roughly $7 billion in open interest. “If it continues to execute well … we think Hyperliquid could become a financial services juggernaut,” Grayscale wrote. Perpetual futures — or perps — are a core part of crypto trading: contracts that let traders bet on price moves without expiry. The market has ballooned into one of the sector’s largest segments, averaging around $200 billion in daily volume this year, according to Grayscale. Until recently, centralized exchanges like Binance and Bybit dominated this space. Hyperliquid is notable for being one of the first decentralized exchanges to compete at that scale while offering self‑custody and on‑chain transparency. But Grayscale argues Hyperliquid’s ambitions go beyond perps. Through its HIP‑3 and HIP‑4 frameworks, the platform now supports tokenized equities, commodities and prediction-style markets — effectively letting developers spin up new trading venues on the same blockchain rails. Those products are already behaving like 24/7 markets for assets that have historically traded only during Wall Street hours. A separate note from FalconX reached similar conclusions last week, suggesting Hyperliquid is beginning to vie with traditional incumbents such as CME Group and newer prediction-market operators like Kalshi and Polymarket. FalconX strategist Martin Gaspar highlighted traction in HIP‑3 markets, including growing interest in pre‑IPO markets. Regulation will be a major determinant of how far Hyperliquid can go. The platform currently blocks U.S. users because perpetual futures remain in a regulatory gray area under U.S. law. Both reports say that shifting regulatory guidance — and expressed interest from regulated players such as Coinbase, Robinhood and Kraken — could pave the way for perpetual-style products to be offered in the U.S. under a compliant model. Risks remain. Grayscale flagged the HYPE token’s high volatility and cautioned that Hyperliquid’s long-term growth is closely tied to future regulatory developments. Still, analysts contend Hyperliquid has moved beyond the label of “just another exchange.” If it can navigate compliance hurdles and keep scaling its market infrastructure, the platform might represent an early example of a 24/7 global financial marketplace built on blockchain rails — a potential disruptor to parts of traditional exchange and derivatives markets. Read more AI-generated news on: undefined/news
Spot XRP ETFs Pull In Cash as Bitcoin and Ether ETFs Bleed Billions
While bitcoin and ether ETFs bled billions at the end of May, U.S.-listed spot XRP ETFs quietly pulled in fresh capital — a small but notable divergence that traders and strategists are watching. SoSoValue data show spot XRP ETFs posted $11.88 million in net inflows on May 29, extending a week of positive flows for the category. By contrast, spot bitcoin ETFs recorded $125.31 million in net outflows that day — the tenth consecutive day of redemptions — and ether funds lost another $17.91 million after bleeding $121.35 million the prior day. Leading the XRP inflows on May 29 were Bitwise’s XRP ETF with $7.36 million, Canary’s XRPC with $2.38 million, and Franklin’s XRPZ with $2.14 million. Total net assets in the U.S. XRP ETF cohort stood at roughly $1.12 billion, about 1.37% of XRP’s market capitalization, and cumulative net inflows into the product line have hit about $1.42 billion since inception. By comparison, bitcoin ETFs still dominate with more than $94 billion in net assets. Looking at the week of May 20–29, the contrast is stark: U.S. spot XRP ETFs added roughly $35 million, while bitcoin ETFs saw approximately $1.70 billion of outflows and ether ETFs shed about $309 million. The divergence highlights cooling institutional appetite for bitcoin and ether after months of volatile price action, even as some investors continue to add XRP exposure. Part of XRP’s current narrative is clearer policy and product messaging around U.S. market structure and ETF adoption, which may be helping flows. There’s also an older, unresolved story that could represent a second potential institutional demand channel: a Bloomberg report from October 2025 said Ripple Labs was leading plans for a SPAC to raise at least $1 billion to build a digital asset treasury that would accumulate XRP, with Ripple expected to contribute some tokens. If that structure moves forward, it would rank among the largest known XRP treasury vehicles. CoinDesk has reached out to Ripple for confirmation and an update on whether that SPAC plan advanced, changed or was shelved. The broader crypto-market backdrop matters: treasury-style token accumulators and public companies buying crypto via SPACs, reverse mergers, and equity issuance were a big theme in 2025, flourishing while token prices rose and investors paid premiums for balance-sheet exposure. Bottom line: XRP is now showing two potential demand channels — public-market ETF inflows and the possibility of a large treasury-style accumulation — even as larger bitcoin and ether funds experience significant redemptions. UPDATE (May 30, 12:08 UTC): An earlier version of this story emphasized the October 2025 Bloomberg report about Ripple’s planned $1 billion XRP treasury raise. CoinDesk has reached out to Ripple for confirmation on whether the plan remains active. Read more AI-generated news on: undefined/news