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Price predictions 5/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

Key points:

Bitcoin slipped below $109,588, but technical charts suggest traders are buying each dip.

Excessive leverage in Bitcoin futures increases the risk of a quick correction.

Select altcoins have turned down from their respective overhead resistance levels, signaling that the bears remain sellers on rallies.

Sellers have pulled Bitcoin (BTC) back below the breakout level of $109,588, but lower levels are likely to attract buyers. Investor interest remains strong, with the US spot Bitcoin exchange-traded funds witnessing inflows of $934 million on May 22 and $608 million on May 21, according to SoSoValue data.

Glassnode noted that the all-time high above $109,588 led to a total profit-taking volume of roughly $1 billion, far more muted than the $2 billion when the price rose above $100,000 in December. That shows the investors expect the up move to continue.

Veteran trader Peter Brandt said in a post on

Price predictions 5/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

Key points:

Bitcoin slipped below $109,588, but technical charts suggest traders are buying each dip.

Excessive leverage in Bitcoin futures increases the risk of a quick correction.

Select altcoins have turned down from their respective overhead resistance levels, signaling that the bears remain sellers on rallies.

Veteran trader Peter Brandt said in a post on

Crypto, NFTs are a lifeboat in the sinking fiat system: Finance Redefined

Risk appetite across traditional and cryptocurrency markets saw a sharp rise this week, helping United States cryptocurrency funds recover the capital lost to the correction of February and March, amassing over $7.5 billion worth of weekly inflows.

Bitcoin (BTC) surpassed its old all-time high on May 21, two days after President Donald Trump confirmed ongoing ceasefire negotiations between Russia and Ukraine in a May 19 X post.

Meanwhile, popular analyst and Global Macro Investor CEO Raoul Pal warned of more fiat currency debasement, urging investors to gain more exposure to cryptocurrencies and non-fungible tokens (NFTs), as these assets “will never be this cheap again.”

Exponential currency debasement: “You don’t own enough crypto, NFTs”

Cryptocurrencies and NFTs can help investors protect their eroding purchasing power during an era of exponential currency debasement, according to analysts and industry leaders.

Investing in digital assets is becoming increasingly important in

‘In ‘93, it became clear to me AI should be decentralized’ — Ben Goertzel

It’s been 30 years since computer scientist Ben Goertzel wrote his first line of AI code, already convinced that artificial intelligence should be decentralized. Today, as the world approaches the dawn of Artificial General Intelligence (AGI), who leads this breakthrough could have profound consequences for the future of humanity.

Speaking with Cointelegraph at the Consensus conference in Toronto, Canada, Goertzel said, “We’re likely to be able to launch AGI that can think and generalize beyond its training and programming within the next one to three years.”

His project, SingularityNET, is a decentralized ecosystem building a global marketplace for AI services. Along the way, it has secured partnerships with Mind Network and Filecoin Foundation, invested $53 million in a modular supercomputer dedicated to decentralized AGI, and completed a token merger with Ocean Protocol and Fetch.ai to unify efforts in decentralized AI

Bitcoin’s bull market will ‘redefine’ BTC’s role in modern portfolios — Fidelity research

Key takeaways:

Bitcoin’s performance in the current bull market and a new cohort of buyers reflect a maturing market and widening adoption.

A 50% rise in hashrate and a 63% jump in Realized Cap highlight investors’ confidence in Bitcoin.

A recent report from Fidelity Digital Assets explored how the current Bitcoin market cycle reflects a shift toward a maturing market where the rate of adoption deepens and expands.

At block height 892,500—marking 25% progress into the current halving epoch—Bitcoin traded between $82,500 and $85,000, representing a 31% increase from its value on April 19, 2024, when the fourth halving reduced block rewards to 3.125 BTC.

Bitcoin: halving cycles compared. Source: Fidelity Digital Assets

Fidelity’s senior research analyst Daniel Gray emphasized Bitcoin’s network resilience, noting a 50% surge in hashrate since the halving. This increase signals strong miner commitment despite reduced rewards. Unlike previous cycles marked by post-halving rallies, the 2024–2025 phase has been characterized by steadier,

Alchemy acquires no-code NFT launchpad HeyMint for undisclosed amount

Web3 developer platform Alchemy has acquired HeyMint, a California-based non-fungible token (NFT) launchpad, in a move designed to enhance the company’s smart wallet infrastructure.

The undisclosed funding deal will see HeyMint’s infrastructure embedded within Alchemy as it seeks to simplify user onboarding for Web3 applications, the company disclosed on May 23. HeyMint’s co-founder and chief technology officer, Flor Ronsmans De Vry, joins Alchemy as part of the deal.

While not a household name in crypto, HeyMint attracted more than 1 million users over its first two years of operations. It was the launchpad behind $38 million in NFT sales and supported the Web3 efforts of major brands, including The Sandbox, Universal Music Group and Ubisoft.

In 2023, HeyMint facilitated NFT sales for the Partnership for Central America, a private sector coalition that included Mastercard.

The HeyMint acquisition is Alchemy’s second funding deal this month. The company recently acquired Dexter Lab, a

Bitcoin price drops 4% as Trump EU tariff talk liquidates over $300M

Key points:

Bitcoin joins risk assets in a knee-jerk reaction to the latest instalment of the US trade war, this time focused on the EU.

BTC price action dives up to 4% before recovering with $110,000 now a resistance level.

Traders demand that price holds higher levels going forward to protect bullish momentum.

Bitcoin (BTC) saw flash volatility into the May 23 Wall Street open as news headlines liquidated longs.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Bitcoin trips as Trump says EU talks “going nowhere”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $107,367 on Bitstamp before rebounding.

This marked daily losses of up to 4% as markets reacted to comments from US President Donald Trump over tariffs on the European Union.

“Our discussions with them are going nowhere!” Trump wrote in a post on Truth Social.

“Therefore, I am recommending a straight 50%

Read More at https://cointelegraph.com/news/bitcoin-price-drops-4-trump-eu-tariff-talk-liquidates-over-300m?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Spoiler alert: The future of Web3 is not blockchain

Opinion by: Grigore Roșu, founder and chief executive officer of Pi Squared

For some, the audacity of questioning the primacy of blockchain in Web3 is borderline heretical. The idea that decentralization and progress could exist without blockchains seems absurd to those who built careers around Bitcoin, Ethereum, and their descendants. Given blockchain’s well-documented scaling limits, however, there is an argument to be made that Web3 doesn’t actually need blockchains to thrive. Instead, it requires payment systems and verifiable settlement systems that are super fast. Blockchains are just one way to achieve that, not the only way.

While blockchain solved the double-spending problem, it introduced its own architectural burden: the rigid fixation on total ordering, dictating that every transaction must wait its turn in a global queue, processed through a monolithic consensus mechanism. Initially, this made sense in the context of payments, where security and simplicity were paramount. Still, in the context of

Who attended Trump’s controversial memecoin dinner?

The top 220 holders of US President Donald Trump’s memecoin met yesterday at the president’s golf course in Virginia for an exclusive dinner and purported meet-and-greet.

Attendees spent a grand total of $148 million for an “ultra-exclusive VIP reception with the president,” which crypto industry advocates and critics alike saw as a potential opportunity to discuss crypto policy with the president.

The crowd contained a number of foreign crypto executives and influencers who otherwise would not have access to the US president, raising questions around corruption and foreign influence.

Concerns were further augmented when White House Press Secretary Karoline Leavitt declined to release a list of attendees, stating that the event was a private affair outside of Trump’s presidential duties.

However, some attendees spoke to the press or took to social media to talk about the dinner. Here are just a few:

Justin Sun

Tron founder Justin Sun was the largest TRUMP tokenholder

US DOJ seizes $24M in crypto from accused Qakbot malware developer

The US Department of Justice (DOJ) has filed a civil forfeiture complaint to seize more than $24 million in cryptocurrency from Rustam Rafailevich Gallyamov, a Russian national accused of developing the Qakbot malware.

According to a May 22 announcement, the DOJ unsealed charges against the 48-year-old Moscovite with a federal indictment. Gallyamov is allegedly the malware developer behind the Qakbot botnet.

“Today’s announcement of the Justice Department’s latest actions to counter the Qakbot malware scheme sends a clear message to the cybercrime community,” said Matthew Galeotti, head of the DOJ’s criminal division.

Screenshot of the indictment. Source: US Department of Justice

Galeotti highlighted that the DOJ is “determined to hold cybercriminals accountable.” He added that the department will “use every legal tool” to “identify you, charge you, forfeit your ill-gotten gains, and disrupt your criminal activity.”

Over $24 million forfeited

US Attorney Bill Essayli for