Cointelegraph.com
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Cointelegraph.com - 19:36 May 20, 2026
Bitcoin looks on track for a rally toward $80,000 while HYPE, ZEC and a handful of altcoins are pushing toward their range highs. Key points: Bitcoin (BTC) has risen above $77,500, but the recovery is expected to face resistance in the $78,500-$82,000 range. The net outflows of $979.7 million from spot BTC exchange-traded funds this week, according to Fireside Investors data, suggest that investors have turned cautious in the near term. Crypto analyst Ardi said in a post on X that the next retest of the $74,000 to $75,000 zone may be the most important test of this entire bear market. The zone is important because it acted as stiff resistance in 2024 and then flipped into support during the retest in 2025. A break below the support zone may “expose the market to a much deeper rotation back toward the bear market lows.” Read more -
Cointelegraph.com - 18:03 May 20, 2026
Five Republicans and one Democrat won or went to runoffs following primaries in Georgia, Alabama and Kentucky after a crypto-backed PAC and its affiliates spent a combined $20 million on media and ads. Political action committees (PACs) aligned with and funded by the cryptocurrency industry notched a series of wins in three US state primaries on Tuesday, potentially setting a precedent for the 2026 midterm elections. The Fairshake PAC and its affiliates poured a combined $20 million into supportive media for the races. The committee, largely funded by crypto companies Ripple Labs and Coinbase, is behind the Defend American Jobs PAC in supporting Republican candidates and Protect Progress PAC for Democrats considered to be “pro-crypto.” Four Republican candidates and one Democrat won their respective primaries for US Senate and House of Representatives seats in Georgia and Kentucky, while one Alabama Republican will go to a runoff election. Read more -
Cointelegraph.com - 17:33 May 20, 2026
The stablecoin issuer bought SoftBank’s 26% stake, expanding its control over the public Bitcoin holder as it moves into lending, mining and capital markets. Tether has acquired SoftBank Group’s stake in Twenty One Capital, the Bitcoin treasury company that is expanding into lending, mining and capital markets services, in a move that gives the stablecoin issuer greater control over one of the largest publicly traded Bitcoin holders. In an announcement on Wednesday, Tether said it purchased SoftBank’s roughly 26% stake for an undisclosed amount. SoftBank was one of the earliest backers of Twenty One Capital, which launched in 2025 as a Bitcoin (BTC) treasury company backed by Cantor Fitzgerald and led by Jack Mallers. Neither controlling shareholder Tether nor Twenty One Capital disclosed the size of Tether's stake. As part of the ownership change, SoftBank’s representatives will step down from Twenty One Capital’s board of directors. Read more -
Cointelegraph.com - 16:15 May 20, 2026
Bitcoin struggles to overcome US selling pressure with markets on edge ahead of Nvidia's Q1 earnings report. Bitcoin (BTC) halted its latest recovery at Wednesday's Wall Street open as US traders sold off. Key points: Read more -
Cointelegraph.com - 15:17 May 20, 2026
Analytics provider Glassnode identified 10% of Bitcoin supply as structurally exposed to a quantum breakthrough, underscoring the need for a quantum-proof implementation such as BIP-360. Nearly 10% of the total Bitcoin supply is considered “structurally unsafe” due to a quantum computing breakthrough, as their output type reveals the public key by design, regardless of address management practices, according to data analytics platform Glassnode. Totaling about 1.92 million Bitcoin (BTC), the group includes BTC from early Satoshi-era Pay-to-Public-Key (P2PK) outputs, legacy multi-sig structures such as Pay-to-Multisig (P2MS) and modern Pay-to-Taproot (P2TR) outputs, which reveal the public key or public key-equivalent by design, wrote Glassnode in a Wednesday X post. Bitcoin creator Satoshi Nakamoto’s coins represent about 1.1 million or 5.5% of the vulnerable supply, following another 620,000 Satoshi-era coins or 3.1% of the supply and about 200,000 coins or 1% of the supply in Taproot addresses. Read more -
Cointelegraph.com - 14:50 May 20, 2026
Ethereum is flashing a warning of a familiar bearish pattern that preceded a 41% drop in January, raising risks of a fresh breakdown. Market analysts say Ether’s (ETH) price may drop to $1,000 if a breakdown from a bearish chart pattern is confirmed. Key takeaways: Ether’s downtrend could accelerate if the price breaks below the lower trend line of a bear flag at $2,000 on the daily chart, where a similar breakdown in January led to a 41.5% ETH price drop. Read more -
Cointelegraph.com - 14:20 May 20, 2026
The New York Times has been confidently wrong about the future of airplanes, TV, the iPhone — and very soon it’ll be wrong about crypto too. -
Cointelegraph.com - 14:16 May 20, 2026
EU opens MiCA review as consultation probes stablecoin interest rules, DeFi risks and classification gaps ahead of July's crypto authorization deadline. The European Commission has opened a review of its landmark crypto regulation, signaling that the European Union is considering updates to its landmark digital asset framework just two years after it took effect. The commission on Wednesday launched a public consultation seeking feedback from the crypto industry and the wider public on whether the EU’s Markets in Crypto-Assets Regulation (MiCA) should be updated. The consultation will remain open until Aug. 31. The commission said crypto markets and the global regulatory environment have “continued to evolve” since MiCA took effect in 2024, prompting officials to assess whether the current framework remains “fit for purpose.” Read more -
Cointelegraph.com - 14:00 May 20, 2026
If even a fraction of the more than 1 billion people who use AI daily delegate authority to AI agents for online spending, stablecoin adoption would grow substantially, a Fireblocks executive said. Digital assets platform Fireblocks has deepened its push into AI agent infrastructure by launching Agentic Payments Suite, a framework purpose-built to support the x402 protocol, as it also joined the x402 Foundation. Fireblocks said Wednesday that its full-stack solution would cover “the full lifecycle” of AI agent payments, including wallet infrastructure for agents to send funds and an acceptance layer for merchants to receive them. Agentic Payments Suite also includes several compliance and settlement features for regulated financial institutions. A key area of focus for Fireblocks with Agentic Payments Suite is to scale stablecoin adoption through the use of AI agents. Read more -
Cointelegraph.com - 13:08 May 20, 2026
Earlier, analysts at Bernstein and BitMEX co-founder Arthur Hayes also projected Bitcoin to reach new record highs in 2026. Bitcoin (BTC) is down roughly 40% from its October 2025 record high, but a long-term valuation model suggests the cryptocurrency could erase the entire decline and rally to as high as $255,000 by year-end. Key takeaways: The Bitcoin Decay Channel is a logarithmic price model that tracks BTC’s long-term uptrend while adjusting for smaller gains in each new cycle. Read more -
Cointelegraph.com - 13:03 May 20, 2026
MAS found deficiencies in Bsquared’s risk management and conflict-of-interest policies, and that the firm had provided false or misleading information to the regulator on multiple occasions. Singapore’s central bank has pulled the crypto payment license of Bsquared Technology Pte. Ltd., stripping the firm of its right to provide digital payment token services after uncovering a series of breaches. In a Wednesday announcement, the Monetary Authority of Singapore (MAS) said it revoked Bsquared’s Major Payment Institution Licence after an on-site inspection found weaknesses in the company’s risk management practices and conflict-of-interest policies, as well as failures to comply with the regulator’s outsourcing guidelines. MAS said Bsquared provided false or misleading information on multiple occasions, from its initial license application through the inspection itself. Read more -
Cointelegraph.com - 11:40 May 20, 2026
Bitcoin momentum is fading following drop to $76,000 as analysts warn a loss of key support at $74,000-$76,000 could trigger a deeper BTC price correction. Market analysts say Bitcoin (BTC) is showing “momentum exhaustion” after its 8% drop from multi-month highs above $82,000, with bulls expected to defend key crucial support levels. Key takeaways: Private wealth manager Swissblock stated that Bitcoin’s momentum is fading following failure to “sustain expansion” above $82,000. Read more -
Cointelegraph.com - 11:21 May 20, 2026
Senate Bill 163 bans CBDC payments by state agencies and shields Bitcoin miners from discriminatory zoning and licensing rules. South Carolina Governor Henry McMaster signed Senate Bill 163 into law on Tuesday, advancing one of the most crypto-friendly state-level frameworks in the country. The bill, which previously passed the Senate 38-1 and the House 110-1, bans state agencies from accepting central bank digital currencies (CBDCs), protects the rights of crypto users and miners, and clears regulatory hurdles for businesses operating in the space. On CBDCs, the law bars any state agency or political subdivision from accepting, requiring payment in, or participating in Federal Reserve-led digital currency trials, including any pilot programs run by federal agencies. Read more -
Cointelegraph.com - 10:06 May 20, 2026
Qivalis expands to 37 banks after adding 25 new members across 15 countries, boosting euro stablecoin plans ahead of a second-half 2026 launch. Qivalis, a European banking consortium developing a regulated euro stablecoin, expanded to 37 member institutions on Wednesday after adding 25 new banks across 15 countries. The new members include ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo. The Amsterdam-based consortium is targeting a second-half 2026 launch, according to a statement shared with Cointelegraph. “We are not merely building payment rails; we are ensuring that European principles around data protection, financial stability and regulatory rigour are embedded into the next generation of digital money,” said Howard Davies, chairman of Qivalis’ supervisory board. Read more -
Cointelegraph.com - 09:16 May 20, 2026
OpenAI is opening its first overseas applied AI lab in Singapore through a $234 million partnership expected to create more than 200 technical roles. OpenAI is opening its first applied AI lab outside the US in Singapore through a multiyear partnership with the Ministry of Digital Development and Information, backed by more than $234 million. The AI company said Tuesday that the new lab will add more than 200 technical roles over the next few years, making Singapore one of OpenAI’s global hubs for Forward Deployed Engineers (FDE), or technical specialists who work directly with organizations to implement AI systems. “Through OpenAI for Singapore, we want to help more organisations benefit from frontier AI, support the next generation of local AI talent, and widen access to these tools across the country,” Denise Dresser, the company's chief revenue officer, said. Read more -
Cointelegraph.com - 07:37 May 20, 2026
Bitwise’s Matt Hougan says Hyperliquid’s token is not priced as if it is tied to a “global super-app,” arguing the platform is more than just a crypto platform. Crypto asset manager Bitwise has called Hyperliquid “one of the most mispriced assets in crypto today,” despite its outperformance so far this year. “Hyperliquid is one of the most important crypto projects to emerge in years,” Bitwise investment chief Matt Hougan said in a note on Tuesday. “Its native token, HYPE, is the best-performing large-cap crypto asset of 2026, up 77% YTD [year to date]. And yet I still think investors are underestimating its impact and its value.” Read more -
Cointelegraph.com - 07:20 May 20, 2026
Financial regulators are also asked to review regulations that could be amended to streamline applications for eligible fintech firms seeking bank and credit union charters. US President Donald Trump signed an executive order on Tuesday to review any barriers that might be stifling fintech innovation or preventing access to banking partnerships and payment rails. The order directs the Federal Reserve Board to evaluate the legal, regulatory and policy framework governing fintech and crypto firms' access to Federal Reserve payment systems and submit a report to Trump within 120 days. The governors have also been asked to assess the Federal Reserve's legal authority to grant direct access to fintech and crypto firms and to explore “options for expanding such access to the extent permitted by law, subject to appropriate risk management requirements.” Read more -
Cointelegraph.com - 07:01 May 20, 2026
GitHub said the activity involved the exfiltration of about 3,800 internal repositories, and it removed the malicious code extension. GitHub said on Wednesday it is investigating unauthorized access to its internal repositories following the compromise of an employee's device. “While we currently have no evidence of impact to customer information stored outside of GitHub’s internal repositories, we are closely monitoring our infrastructure for follow-on activity,” the developer platform said in a statement. In a subsequent post, GitHub said it detected and contained a compromise of an employee device involving a poisoned VS Code extension on Tuesday. “We removed the malicious extension version, isolated the endpoint, and began incident response immediately,” it added. Read more -
Cointelegraph.com - 07:00 May 20, 2026
Approximately 49,000 workers were laid off in 2026 as companies adopted a more AI-reliant business model. Meta has reportedly begun cutting staff in Singapore as the company executes a plan to reduce employee numbers by 8,000 to lean more heavily on AI. Emails were sent out at 4 a.m. Singapore time to affected employees, and staff in the US and Europe were also expected to be notified that morning, Bloomberg reported on Tuesday, citing people familiar with the matter. Meta’s engineering and product teams are expected to be hit hardest. Meta is one of several Big Tech firms cutting staff while investing heavily in AI infrastructure in an effort to streamline operations and reduce costs. An estimated 49,135 layoffs have occurred at US companies in 2026 as a result of AI integration. Read more -
Cointelegraph.com - 07:00 May 20, 2026
The remittance company partnered with Stripe-incubated blockchain Tempo to support stablecoin settlement and help validate transactions across its global payments network. MoneyGram partnered with payments-focused blockchain Tempo to support stablecoin settlement and help validate remittance transactions on the network, as remittance companies increasingly adopt blockchain technology for cross-border transfers. The companies said Stripe plans to settle transactions to MoneyGram using Tempo’s infrastructure as part of efforts to move treasury and payment flows onto stablecoin rails. Tempo is a Layer 1 blockchain incubated by Stripe and Paradigm that focuses on stablecoin transfers and cross-border payments. In April, Visa became an early validator on Tempo, alongside companies including Stripe and Zodia Custody. Read more
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