BeInCrypto SE

The XRP Ledger is activating the fixCleanup3_1_3 change on Wednesday, May 27, 2026. This technical update, found in version 3.1.3 of the rippled software, enhances the network's infrastructure.
Despite this, we barely see any price movement on XRP over the last few hours.
What does the fixCleanup3_1_3 update change?
The upgrade focuses on critical technical enhancements to ensure long-term stability. It doesn't add any new, exciting features but cleans up junk data and addresses major issues that have emerged in several protocol areas.

XRP is facing three major challenges this week. An XRPL pilot project has just launched in Uganda, Binance spot liquidity has hit its lowest level since January 2020, and the daily chart is now showing a pressured symmetrical triangle near critical support.
Altcoins were trading close to $1.33 on May 26, marking a 2.1% drop for the day. The price is now testing the lower trend line in a symmetrical triangle, where news about usage meets a weaker market structure.
Uganda pilot takes XRPL to through-identity

Former New York Fed chief Bill Dudley warned on Tuesday that the central bank risks losing credibility. He pointed out that inflation has been above the 2% target for five years.
Dudley said that inflation expectations may be slipping. The warning comes as Kevin Warsh starts his first week as Fed chief under political pressure for lower rates.
Five years above the inflation target
The Fed set its formal inflation target at 2% in January 2012. The central bank has been trying to push prices up to that level over the next decade.

SpaceX has snagged a $2.29 billion contract from the US Space Force to build a massive military satellite communications network known as the “Space Data Network Backbone” (SDN Backbone). The project aims to create a secure and rapid system for transmitting military data globally via low Earth orbit satellites.
The contract requires SpaceX to deliver a functioning prototype by the end of 2027. According to the Space Force, the network will utilize optically interconnected satellites to provide faster and more resilient communication for US military operations.

Ethereum (ETH) price is trading near 2,120 USD after losing the lower boundary of its ascending parallel channel and falling below the 0.236 Fibonacci retracement at 2,140 USD last week. This has left buyers and sellers at odds about the next move.
Bollinger Band Width Percentile is now at its lowest level in months, signaling that an increase in volatility is imminent. Traders are watching to see if the demand zone near 1,950 USD holds or gets broken before the price decides its direction.

Bitwise spot Hyperliquid ETF (BHYP) secured 40 million USD in assets within eight trading days on the NYSE, thanks to an influx of 18 times more capital and consistent buys on the blockchain from the issuer.
On May 26, a Hyperliquid (HYPE) whale opened a long position with 10 times leverage worth 9.1 million USD. This indicates that seasoned traders are riding the rally, while institutional investments are flowing in through Bitwise's new product.
Hyperliquid ETF inflows surge 18 times
Bitwise CEO Hunter Horsley shared that approximately 12 million USD of BHYP ETF traded during the first 90 minutes of Tuesday's session. This boosted the fund's assets to around 40 million USD just one week post-launch.

Shares of Enhanced Group (ENHA), the company behind Peter Thiel-backed Enhanced Games, plummeted by up to 50% on Tuesday after a six-hour Las Vegas event only managed to set an unofficial world record.
The startup went public this month with a valuation of $1.2 billion, but has since lost several hundred million in market cap over the last three weeks.
Enhanced Games held a one-day competition on May 24 at Resorts World Las Vegas, dishing out a prize pool of $25 million.

Five transactions sent on May 26 collectively transferred 107 Bitcoin (BTC) to the well-known burn address. This money is permanently taken out of circulation. Blockstream CEO Adam Back referred to the event as an “accidentally promised quantum reward” on X. That comment quickly garnered attention in the crypto space.
The burn address, 1111111111111111111114oLvT2, has no private key. This means no one can withdraw BTC from there with today's cryptography. The 107 BTC gets stacked with over 403 BTC that are already locked at the address from over 146,000 previous transactions. All this cash is permanently out of circulation.

Pope Leo XIV has released his first encyclical demanding binding international regulations for artificial intelligence. He also wants it to be prohibited for machines to make lethal or irreversible decisions.
Anthropic co-founder Christopher Olah visited the Vatican as a lay presenter. That's why a well-known AI safety researcher became a key player alongside the Catholic Church in the global AI debate.
The nearly 43,000-word document, 'Magnifica Humanitas' (Magnificent Humanity), was released on May 25. The Pope warns that the largest AI developers are private, often multinational organizations with more resources than many governments. Leo argues that concentrated power often evades public scrutiny and can create new dependencies and injustices.

Binance is now partnering with the Philippine fintech company BlockShoals Technologies to make a comeback in Southeast Asia through a regulatory sandbox project. This collaboration comes years after the local Securities and Exchange Commission (SEC) tried to shut down Binance.
Binance announced the partnership on Tuesday. BlockShoals is set to become an approved local Crypto Asset Intermediary within the SEC's StratBox sandbox. Binance is bringing its global tech, security systems, and compliance experience to the table.
Inside Binance's sandbox project in the Philippines

YoungHoon Kim, a South Korean influencer claiming to have the world's highest IQ at 276, says that Bitcoin (BTC) and XRP are going to go 'crazy' in June. There are only seven days left until his deadline.
He has gained many followers through bold short-term crypto predictions. However, his previous forecasts have often been off in both timing and magnitude.
The IQ claim behind the hype
Kim wrote on May 26 that 'crypto is going to get wild starting in June' and he's focusing on Bitcoin and XRP. He also claims to have made +487% on trading this year.

The British government has today designated Huobi Global S.A., the Panama-registered firm operating the HTX exchange with Justin Sun as an advisor, under its Russia-related sanctions regime.
The move targets players accused of supporting Russia's financial sector and helping to bypass sanctions through cryptocurrency.
Increased pressure on global exchanges
The decision came on May 26, 2026, and is part of a larger package against Russian crypto networks. Huobi Global S.A. is now on the list alongside other platforms like EXMO Exchange.

Solana's official X account dropped a new pic of Ferrari's latest Luce EV in the blockchain's purple-teal vibe. The pic had the caption 'Fixed it.' The post came just hours after Ferrari showcased the Luce in Rome, and RACE stock tanked over 6% that day.
The change was all about the aesthetics, not the tech. Solana gave the car its own colors. It was a cheeky way to show that the protocol is hanging with major brands like Ferrari.
Ferrari's EV priced at 640,000 USD isn't impressing investors
Ferrari unveiled the Luce, which means light in Italian, in Rome on May 25. This four-door, five-seater is Ferrari's first fully electric production model. LoveFrom, the design group led by former Apple design chief Jony Ive and designer Marc Newson, helped develop the model.

Five different crypto platforms are already pricing in the SpaceX IPO ahead of the Nasdaq launch on June 12. They show varying prices. The difference between them is greater than what traditional brokers display on IPO day.
SpaceX filed its S-1 prospectus with the Securities and Exchange Commission on May 20, 2026. The prospectus targets a market cap of $1.75 trillion, a fundraising goal of $75 billion, and a Nasdaq listing under the ticker SPCX.
Hyperliquid set the synthetic price

MicroStrategy deployed $1.38 billion from their cash reserve to buy back convertible debt worth $1.5 billion with no coupon, maturing in 2029, thus settling the debt at an 8% discount.
The buyback utilized nearly all of the company's roughly $2 billion in reserves, leaving 871 million USD on hand. MicroStrategy hit pause on their Bitcoin buys this week to restructure their balance sheet.
The cash reserve took a hit with the discounted buyback.
The company in Tysons Corner wrapped up the privately negotiated transactions between May 11 and May 25, 2026, according to their filing.

Render's native token, RENDER, surged to a four-month high of $2.32 on Tuesday. It continued its upward trend as more users engaged with the network and more investors showed interest in AI infrastructure projects.
When the article was published, the token was trading around $2.30, which is up 14.19% over the last 24 hours. This performance outpaced the broader crypto market. More traders are also shifting to digital assets linked to artificial intelligence.
Follow us on X for the latest news straight to your feed

Arthur Hayes dropped a weekly chart for NEAR Protocol (NEAR) with the caption "We've got a long way to go... pack your bags for the moon," indicating he's bullish on this Layer-1 token.
The post came while NEAR was still trading well below its 2022 peak of over 20 USD. The weekly chart shows that the token is bouncing back from multi-year lows. Hayes suggests there's significant upside potential from current levels.
His "holy trinity" altcoin in focus
Hayes has been a believer in NEAR for a while, not just because of this post. Three days prior, he mentioned Near Protocol alongside Hyperliquid (HYPE) and Zcash (ZEC) as his "holy trinity" of altcoins. With this new post, he zeroed in on NEAR and tied his bullish sentiment to the long-term chart.

The fourth edition of the Ibiza Tech Forum took place from May 19 to May 22 on the southern part of the island. The program was held at Caló de s’Oli Auditorium, Romeos Hotel, Hotel Bonito Ibiza, Es Jardins de Fruitera, and Cova Santa.
Over four days, the forum merged six tracks — AI, Bank & Fintech, Smart Islands & Smart Mobility, Health Tech, Web3 & Blockchain, and SportTech. But for the digital asset industry, the spotlight was on Thursday, May 21.
It was the day when BeInCrypto took the main stage.

A phishing site posing as Uniswap has drained crypto from multiple wallets.
According to a warning from on-chain analyst b-block on X, attackers now hold about $400,000 in two flagged addresses.
Phishing scammers are once again targeting crypto users.
Wallets 0x37925684BA178821b4436E06e67f5dBD6cfA49Bb and 0x2fC25F46cC49D226eF92E9A7665f3d2821F3c5E2 are mentioned in the warning. The analyst urged traders to always use official links and double-check URLs before signing off on transactions.

Paul Graham, co-founder of Y Combinator, publicly criticizes founders who use AI to craft cold emails, stating that it's a form of conscious deception.
He breaks down his opinion in several posts on X. Graham says he can spot AI-generated messages by their “hard, journalistic style” that no founder used before large language models became mainstream. He mentions that the giveaway isn't in the subject line or the pitch, but in the text itself, which is too well-written for someone who usually operates under pressure.