BeInCrypto NL

Arthur Hayes posted a weekly NEAR Protocol (NEAR) price chart with the text “We got a long way to go ... pack your bags for da moon,” showing his bullish stance on the Layer-1 coin once again.
The message came out while NEAR was trading well below its 2022 peak above $20. The weekly chart that Hayes shared indicates that the coin is recovering from multiple years of lows. He suggests that there’s still a lot of upward potential from the current level.

The fourth edition of the Ibiza Tech Forum took place from May 19 to 22 in the southern part of the island. The agenda was spread across venues like the Caló de s’Oli Auditorium, Romeos Hotel, Hotel Bonito Ibiza, Es Jardins de Fruitera, and Cova Santa.
Over four days, six themes came together: AI, Banking & Fintech, Smart Islands & Smart Mobility, Health Tech, Web3 & Blockchain, and SportTech. But for the digital assets sector, the event's focus was mainly on Thursday, May 21.
On this day, BeInCrypto was in the spotlight.

A phishing site posing as Uniswap has pilfered crypto from multiple wallets.
According to a community warning on X from on-chain researcher b-block, the attackers have now accumulated around $400,000 across two flagged addresses.
Phishing scammers are back at it targeting crypto users.
The wallets, 0x37925684BA178821b4436E06e67f5dBD6cfA49Bb and 0x2fC25F46cC49D226eF92E9A7665f3d2821F3c5E2, are mentioned in the warning. The analyst urged traders to only access protocols through official links and always double-check the URL before signing off on a transaction.

Paul Graham, co-founder of Y Combinator, has publicly criticized founders using AI to craft cold outreach emails. According to him, this practice is a form of intentional deception.
In various posts on X, Graham lays out his stance. He claims that he recognizes AI-generated messages by a 'hard-hitting' journalistic style that no founder used before large language models came into play. The sneaky detail, according to Graham, isn't the subject line or the pitch but the style of the text itself, which is too polished and unnatural for a founder writing under pressure.

Ondo Finance's founder Nathan Allman has unexpectedly passed away at the age of 32, the company announced on X (formerly Twitter).
The company has not disclosed the cause of death. President Ian De Bode will take over as CEO of Ondo.
Ondo Finance's founder Nathan Allman has died
Allman founded Ondo in 2021 after working with the digital asset team at Goldman Sachs. Under his leadership, Ondo brought approximately $3.86 billion worth of tokenized real-world assets (RWA) on-chain. These assets included government bonds, equities, and commodities, attracting over 111,000 holders.

Matt Comyn, CEO of Commonwealth Bank of Australia, warned that artificial intelligence (AI) will affect jobs in many sectors.
The CEO pointed out that AI will disrupt jobs across the entire economy, and pretending it won't impact employment doesn't protect workers.
CBA CEO: Pretending AI won't cost jobs does not safeguard employees.
In an opinion piece, Comyn stated that the future of work remains highly uncertain, both in the short term and over the next decade.
He explained that certain tasks are likely to be automated and some positions may shrink, but other roles will actually expand.

Cross-chain router Squid has distanced itself from a third-party Gnosis Safe module, SquidRouterModule, after attackers made off with around $3.2 million via Ethereum and Base.
Blockchain security firms reported a breach where 86 Gnosis Safe accounts got hit in about 2 hours.
Squid distances itself from the $3.2 million SquidRouterModule exploit.
Blockaid stated that the attacker swapped the stolen tokens for Dai (DAI) through attacker-controlled Uniswap V3 pools.

Kevin Warsh was sworn in on May 22 as the 17th chair of the Federal Reserve. He takes over from Jerome Powell after a tight Senate vote. Warsh inherits persistent inflation, a balance sheet of $6.7 trillion, and an increasingly sensitive crypto market to Fed policy.
His experience as a former Fed governor, policy advisor under Bush, and Wall Street financier points to a tighter, less interventionist Fed. Markets react immediately to this, and crypto traders are closely following the policy.
1. Tighter stance on inflation and focus on a smaller balance sheet

Coinbase's execs have collectively thrown down a solid defense for payment stablecoins in response to a column in the Wall Street Journal. The piece raised the question of whether digitally issued dollars from private companies pose a systemic risk to the U.S. economy.
Chief Legal Officer Paul Grewal and Chief Policy Officer Faryar Shirzad both backed the Digital Asset Market Clarity Act. Their statements showed that there's top-level support for the market structure bill currently sitting in the Senate.

Huawei has just challenged one of the biggest assumptions in the AI hype: that advanced chips will remain scarce, expensive, and dominated by Western firms like Nvidia and TSMC.
At the IEEE International Symposium on Circuits and Systems 2026 in Shanghai, Huawei presented a new approach to semiconductors: the Tau (τ) Scaling Law and a chip architecture called LogicFolding.
Huawei is taking an innovative route to navigate around U.S. sanctions
According to the company, this technology could yield chips with a 1.4nm-equivalent transistor density by 2031, without relying on Western lithography equipment that is subject to restrictions.

Three major altcoins are signaling that new all-time highs are once again within reach this week. Hyperliquid (HYPE), Tron (TRX), and WhiteBIT Coin (WBT) are all close to setting new records.
HYPE has already surged above its previous high and is now in price discovery mode. TRX is about 18% off its peak, and WBT is around 13% below its own record.
HYPE breaks above the previous all-time high and enters price discovery phase
The Hyperliquid daily chart shows a clear breakout above the previous record around $59.50. On May 14, the token bounced off an ascending trendline and has been on the rise since.

The Pi Coin price is moving towards a new all-time low as a bearish chart pattern becomes increasingly pronounced. The support line is now just slightly below the current price.
Three independent signals – in the realm of capital flow, social activity, and smart money positions – are now working against the token, just as it tests its key support since February.
Head-and-shoulders pattern formed while CMF indicates capital flight.
The PI/USDT daily chart shows a head-and-shoulders pattern, a classic bearish reversal pattern. You can see a higher peak (the head) between two lower peaks (the shoulders), connected by a horizontal neckline with the swing-lows.

XRP price shows a bearish head-and-shoulder pattern that could trigger an 18% drop below $1. However, exchange outflows have surged by over 300% since mid-May. Open interest has decreased, and the long leverage ratio is at a multi-week low.
Rising buying pressure may keep XRP within certain levels for now, but a drop below the neckline would confirm the bearish scenario.
Bearish head-and-shoulder pattern risks an 18% drop
The 12-hour chart of XRP shows a bearish head-and-shoulder pattern. The left shoulder formed in early March, followed by the peak of the head in mid-March. The right shoulder was formed at the end of May and closely resembles the left shoulder.

Polymarket traders estimate a 39% chance that the United States will announce a new Iran deal before May 31, while the markets are closed for Memorial Day and Wall Street is not responding much to President Donald Trump's diplomatic efforts.
Trump publicly stated on Monday that Saudi Arabia, Qatar, Pakistan, Egypt, Turkey, and Jordan need to sign the Abraham Accords as a condition for any final Iran deal. This expands the diplomatic playing field of the talks.

Hyperliquid (HYPE) hit a new all-time high of over $64 on Sunday, while on-chain trackers displayed some serious whale maneuvers during the rally. Some wallets piled in millions of new HYPE, while others took profits.
The token surged over 40% in the past week. According to the latest data from BeInCrypto Markets, the altcoin is sitting at $63.7, up more than 0.53% from yesterday.
Wallet 0x9137 just dumped $15.1 million in USDC (USDC) to scoop up 238,811 HYPE at $63.25 according to Lookonchain data. A freshly minted wallet also withdrew 63,780 HYPE worth $4.06 million from Bybit.

Jeremy “jercos” Sturdivant, the recipient of the famous Bitcoin Pizza Day transaction, confirmed that he spent his 10,000 Bitcoin (BTC) on a road trip across the United States after running out of cash.
The story resurfaced after Adam Back, CEO of Blockstream, shared a video clip where Sturdivant discusses the transaction. The message quickly spread on crypto social media, reigniting interest in one of the most talked-about Bitcoin transactions.
The 10,000 BTC that funded a road trip

Wallets linked to BlackRock sold $1.01 billion worth of Bitcoin (BTC) over five trading days last week. This major sell-off happened just as a viral clip of Larry Fink praising crypto was circulating again.
This contradiction is sparking a lot of debate, as BTC is hovering around $77,000. This suggests that other buyers have scooped up the supply released by iShares Bitcoin Trust (IBIT) redemptions.
The snippet from Larry Fink that's making the rounds is a few months old. In this clip, he mentions that crypto is 'not a bad asset' and has 'a role' alongside gold. The footage comes from a CBS 60 Minutes segment that aired in October 2025.

DeFi losses in 2026 exceeded $1 billion in just four months, with April alone accounting for a loss of $634 million due to more than 28 incidents. This was the worst month ever.
Drift ($285M) and KelpDAO ($292M) accounted for a combined loss of $577 million in April, and this wasn't due to a code exploit.
DefiLlama's overview of hacks in 2026 shows the same thing.
The largest portions were LayerZero bridge exploits (18%), compromised admin keys (16%), spoof tokens (14%), and private key compromises (11%).

Banana For Scale (BANANAS31), Pudgy Penguins (PENGU), and SkyAI (SKYAI) are hitting crucial technical levels this week. Each daily candlestick shows different patterns that traders should keep an eye on as meme coin volatility makes a comeback.
The broader meme coin sector remains super active in 2026. Traders are using these tokens as high-beta instruments compared to Bitcoin. The three charts display mixed signals, indicating that the sector is still searching for a clear direction.

The $2 trillion AI gold rush of Big Tech hides a structural issue. Critics argue that the tech giants are quietly paying themselves through their own cloud bills, sparking new fears of an AI bubble that increasingly resembles the dot-com era.
Recent company reports show that only OpenAI and Anthropic account for more than half of the roughly $2 trillion in future cloud liabilities from Microsoft, Amazon, Google, and Oracle. So, these four companies, each valued at a trillion dollars, are leaning heavily on two unprofitable startups.