Crypto Currency

Binance Introduces Web3 Services, Ukrainian FC Shakhtar Donetsk Becomes First Partner

Binance, the leading crypto https://www.financemagnates.com/terms/e/exchange/” class=”terms__main-term” id=”b5da6e64-2afe-421d-9b81-16404b7d59d6″>exchange regarding trading volumes, has announced its newest sports partnership with FC Shakhtar Donetsk, one of the most renowned Ukrainian football clubs. In conjunction with the partnership, the exchange has launched the FC Shakhtar Fanverse aimed at cryptocurrency and football fans.In addition…

Published 3 years ago in
Binance Introduces Web3 Services, Ukrainian FC Shakhtar Donetsk Becomes First Partner

Binance, the
leading crypto https://www.financemagnates.com/terms/e/exchange/” class=”terms__main-term” id=”b5da6e64-2afe-421d-9b81-16404b7d59d6″>exchange regarding trading volumes, has announced its newest
sports partnership with FC Shakhtar Donetsk, one of the most renowned Ukrainian
football clubs. In conjunction with the partnership, the exchange has launched
the FC Shakhtar Fanverse aimed at cryptocurrency and football fans.

In
addition…
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Crypto Currency

Bitcoin left behind in the geopolitical melee

Crypto Daybook Americas Bitcoin left behind in the geopolitical melee Your day-ahead look for May 22, 2026 By Omkar Godbole, Olivier Acuna| Edited by Jamie Crawley May 22, 2026, 11:31 a.m. 3 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on (Vilius Kukanauskas/Pixabay)

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Bitcoin left behind in the geopolitical melee
Crypto Daybook Americas

Bitcoin left behind in the geopolitical melee

Your day-ahead look for May 22, 2026

By Omkar Godbole, Olivier Acuna|Edited by Jamie Crawley
May 22, 2026, 11:31 a.m.
3 min read

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Geopolitics (Vilius Kukanauskas/Pixabay)
(Vilius Kukanauskas/Pixabay)
Summary

This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already.

Daybook will not be published on Monday, May 25 due to the Memorial Day holiday. We will be back on Tuesday, May 26.

The current state of financial markets is best described as macro-geopolitics first, crypto second.

The evidence is clear. Despite recent positive regulatory developments related to the Clarity Act, bitcoin BTC$62,867.66 has shown little excitement, trading near $77,200 – largely unchanged over the past 24 hours and for the week.

Meanwhile, oil remains elevated near $100 and speculative capital is pouring into copper amid fears of a sulfur shortage. The connection? Copper production is heavily dependent on sulfuric acid, whose supply has been disrupted through the Strait of Hormuz.

In essence, everything is revolving around Hormuz, driving commodity flows and prices higher, stoking inflation fears, lifting bond yields, which are supposedly weighing over crypto. The U.S. stocks, meanwhile, hover near record highs, driven by AI optimism.

Bitcoin is not at the center of this geo-economic and AI repricing.

It is no surprise, therefore, that U.S. spot bitcoin ETFs continue to bleed, recording $1.15 billion in outflows this week after $1 billion last week, according to SoSoValue. The Coinbase premium, a key gauge of U.S. demand relative to the rest of the world, has hit monthly lows.

Analysts have repeatedly emphasized that these indicators need marked improvement before a sustained rally can take hold. The question is whether that will happen while markets remain fixated on geopolitics and AI.

In the meantime, certain corners of the crypto market, particularly on-chain perpetuals and quantum-resistant tokens, continue to show strength, driven by specific news and narratives, as we discussed Thursday. Layer-1 blockchain Near Protocol’s token (NEAR) is the latest addition to that group, surging over 25% in the past 24 hours following the announcement of a major upgrade focused on automated scaling and quantum resilience.

In traditional markets, Nasdaq futures have surrendered early gains and are trading largely flat. Analysts remain broadly bullish on stocks following the latest earnings season. Stay alert.

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”

What’s trending

  • ZachXBT flags $520K Polymarket exploit on Polygon, team says funds are safe (CoinDesk): Polymarket is aware of reports tied to its rewards payout system and emphasized that user funds and market resolutions remain safe, describing the issue as an internal one rather than a broader contract exploit. Further updates are expected.
  • Near Protocol to automate its own growth and its token is skyrocketing (CoinDesk): Near’s forthcoming upgrade will allow the network to scale dynamically without human intervention. The market is approving, driving up NEAR by 27% in the last 24 hours to $2.25.
  • Asian shares track Wall Street gains and oil prices climb on uncertainty over the Iran war (AP): Asian shares advanced Friday following modest gains on Wall Street, while oil prices rose as efforts to end the Iran war yielded limited results. Oil prices Thursday in U.S. trading, alleviating pressure from the bond market as yields fell.
  • Treasury yields fall as investors digest week of bond market volatility (CNBC): U.S. Treasury yields fell Friday after a week of volatility that saw borrowing costs rise to multi-year highs in response to renewed concerns about inflation. The yield on the 10-year Treasury note fell more than 2 basis points to 4.564%.

Today’s signal

HYPE's daily price swings in candlestick format. (TradingView)
HYPE’s RSI is flashing overbought conditions. (TradingView)

HYPE’s 14-day Relative Strength Index (RSI) has surged above 70. While readings above 70 are widely labeled as “overbought,” this interpretation is often misleading.

The RSI is a momentum oscillator that measures the speed and magnitude of recent price changes. A reading above 70 simply signals strong bullish momentum and suggests that the uptrend may still have room to run. It does not automatically mean the asset is overvalued or due for an imminent reversal, as the popular narrative often implies.

In strong trending markets, RSI can remain elevated for extended periods without triggering a meaningful pullback.

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Crypto majors stuck in tight range as altcoin rotation picks up steam

Markets Crypto majors stuck in tight range as altcoin rotation picks up steam Bitcoin holds between $76,000 and $78,000 while AI tokens and HYPE surge; derivatives signal calm conditions with volatility selling dominating options markets. By Oliver Knight, Omkar Godbole| Edited by Jamie Crawley May 22, 2026, 10:23 a.m. 3 min read Make preferred on

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Crypto majors stuck in tight range as altcoin rotation picks up steam
Markets

Crypto majors stuck in tight range as altcoin rotation picks up steam

Bitcoin holds between $76,000 and $78,000 while AI tokens and HYPE surge; derivatives signal calm conditions with volatility selling dominating options markets.

By Oliver Knight, Omkar Godbole|Edited by Jamie Crawley
May 22, 2026, 10:23 a.m.
3 min read

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Bitcoin price (CoinDesk Data)
Bitcoin price (CoinDesk Data)
Summary

  • AI tokens NEAR (+28.5%) and FET (+11.4%) led Friday’s altcoin action as speculative flows rotated out of privacy coins DASH, ZEC and XMR, which shed much of their early-week gains.
  • HYPE hit a record high after rallying ~60% since Tuesday, driven by heavy short liquidations and institutional demand following the launch of U.S. spot ETFs; altcoin season indicator climbed to 38/100.
  • Bitcoin’s implied volatility continues to slide as options traders sell calls, while put activity is concentrated at $71,000 to $77,000 strikes on Deribit — reflecting a cautious, range-bound posture heading into the weekend.

Crypto majors bitcoin BTC$62,867.66 and ether (ETH) head into the weekend having been confined to a tight trading range over the past four days, with BTC being trapped between $76,100 and $78,000.

The lack of volatility has led to little pockets of the altcoin market benefitting from the speculative nature of crypto investors. The AI sector was the recipient of such speculation on Friday as NEAR increased by 28.5% while FET posted an 11.4% gain in the past 24 hours.

Conversely, privacy coins DASH, ZEC and XMR experienced a wave of sell pressure on Friday, eroding much of their early week rally, indicating that sector rotation is in full effect.

Brent crude oil dropped to $102 per barrel on Friday, down from $112 seen earlier this week as speculation swirls around a potential peace deal between Iran and the U.S.

U.S. equities responded well to the drop off in oil; Dow Jones Industrial Average closed at a record high on Friday, while Nasdaq 100 and S&P 500 are now up by 3% and 1.7% respectively since Tuesday’s low, suggesting a return to risk-on sentiment.

Derivatives positioning

  • Crypto futures market-wide volume rose modestly by 1% to $160 billion in the last 24 hours, while notional open interest (OI) remained stable near $128 billion. Liquidations declined sharply by 26% to $200 million. This setup reflects a calmer market with reduced forced liquidations, even as volume growth remains relatively muted.
  • Today’s standout token is Near Protocol’s NEAR, which has gained over 25%. With the price rise, OI in futures tied to the token has surged to a record high of 282.53 million tokens. The OI-adjusted 24-hour cumulative volume delta is positive, a sign of aggressive buying at market orders rather than passive limit orders. This validates the upswing in prices. And last but not least, funding rates remain mildly positive, suggesting healthy leverage conditions and no overheating.
  • Markets tied to TRX and LINK display a similar bullish profile, characterized by OI growth, positive CVDs and positive funding rates.
  • The bitcoin market offers little excitement, with OI steady in the recent 720K BTC to 750K BTC range. The same can be said for ether.
  • Both BTC and ETH’s annualized 30-day implied volatility indices continue to slide. That’s a sign of relentless volatility selling via options, mostly call overwriting.
  • On Deribit, bitcoin puts at strikes ranging from $71,000 to $77,000 dominate the 24-hour volume rankings. Similar volume concentration is seen in ether puts. A put option offers protection against price losses in the underlying asset.

Token talk

  • CoinDesk’s DeFi Select Index (DFX) was up by 1.1% on Friday, outperforming the CoinDesk Smart Contract Platform Select Capped Index (SCPXC), up by just 0.3%, and the CoinDesk Memecoin Select Index (CDMEME) after it tumbled by 1%.
  • The altcoin market was generally a mixed bag on Friday; XRP, SOL and ETH all lost ground alongside the privacy coin sector while the likes of HYPE and ATOM continue to show relative strength, with the later posting a 5% gain since midnight UTC.
  • HYPE, the native token of perpetual exchange HyperLiquid, has been its own animal this week – rising to a barnstorming record high after surging by around 60% since Tuesday.
  • The move comes alongside heavy short interest and a wave of liquidations coupled with institutional participation following the launch of spot ETFs in the U.S. this month.
  • CoinMarketCap’s “altcoin season” indicator rose from 31/100 to 38/100 this week, buoyed by HYPE’s strong performance.
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New Bitcoin Lows? Analysts Say Chances Are ‘Extremely Slim’

Binance pool miner reserves slipped from 41,987 to 41,915 in May, a small but telling sign that selling pressure from miners has not fully stopped. Crypto analysts said that because Binance Pool controls a major share of global hash rate, its behavior tends to reflect how Bitcoin miners feel before the broader market catches on…

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Binance pool miner reserves slipped from 41,987 to 41,915 in May, a small but telling sign that selling pressure from miners has not fully stopped. Crypto analysts said that because Binance Pool controls a major share of global hash rate, its behavior tends to reflect how Bitcoin miners feel before the broader market catches on…
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Mark Cuban Offloads 80% of Bitcoin Holdings After Disappointing Performance

Mark Cuban sold 80% of his Bitcoin after it underperformed during the US-Iran crisis. Gold hit $5,000 while BTC dropped, challenging his hedge thesis. The post Mark Cuban Offloads 80% of Bitcoin Holdings After Disappointing Performance appeared first on Blockonomi…

Published 1 hour ago in
Mark Cuban Offloads 80% of Bitcoin Holdings After Disappointing Performance

Mark Cuban sold 80% of his Bitcoin after it underperformed during the US-Iran crisis. Gold hit $5,000 while BTC dropped, challenging his hedge thesis.
The post Mark Cuban Offloads 80% of Bitcoin Holdings After Disappointing Performance appeared first on Blockonomi…
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