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Ethena Price Rally to $0.80 Possible After Technical Breakout

By Zagham Abbas | Edited By Ammar Raza,May 13, 2026, 6:00 AM

Ethena price is currently showing a market structure that combines both negative and positive elements, wherein the immediate weakness has to be viewed against the possibility of a technical breakout at higher time frames.

Though there have been fewer trades in recent days and less participation in the markets, there have been some signs of a change in momentum developing through chart patterns.

At the time of writing, ENA is trading at $0.1212, marking a 6.93% decline over the last 24 hours. The Ethena price has come under pressure as selling activity continues in the spot market, while trading volume remains elevated at around $230.30 million. Despite the downturn, the broader market structure is showing early signs that the bearish phase may be losing intensity.

Ethena price chart

Source: CoinMarketCap

Also Read | XRP Price Analysis: Can XRP Reclaim $1.49 Resistance?

Ethena Price Breakout Hints Reversal

From a technical point of view, Ethena’s price has been in focus lately following a mention by popular crypto analyst Butterfly of a bullish formation that was spotted on the 3-day timeframe. The technical review provides further context.

Ethena price analysis

Source: Butterfly’s X Post

Butterfly noted that ENA has made a breakout from the descending channel boundary, suggesting that bearish power is waning. A further increase in strength could see the token rally up to $0.80.

Ethena Derivatives Signal Weakness

On the derivative side, lower participation also indicates reluctance on the part of investors. The open interest has fallen by 10.43% to $232.93 million, while the futures contract turnover has decreased by 23.68% to $351.91 million. Such a fall reveals decreased speculative positions on the Ethena price, implying that most market participants are awaiting a clear direction.

Ethena Derivatives Signal Weakness

Source: Coinglass

The financing terms are rather impartial since the OI-weighted financing rate equals 0.0036%. The neutrality demonstrated by the terms reflects the fact that investors don’t have either a bullish or a bearish sentiment toward the Ethena price, confirming the transitional state of the market.

Ethena Derivatives Signal Weakness

Source: Coinglass

Overall, there is short-term pressure on the performance of Ethena shares, but the latest breakout formation keeps attention on whether the share price will sustain its momentum going forward.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | SHIB Price Ascending Triangle Signals Rally Toward $0.00000760 Resistance Ahead

Filed Under: Cryptocurrency News, Altcoin News

Litecoin Price Nears Key Resistance While Quiet LTC Accumulation Expands

By Zagham Abbas | Edited By Ammar Raza,May 13, 2026, 5:00 AM

Litecoin price is seeing waning energy amid its accumulation by long-term investors despite low social engagement. Having made a run following a bullish impulse, LTC is set to consolidate before its next big move.

At the time of writing, LTC is trading at $57.29, down 2.04% over the last 24 hours. The cryptocurrency recorded a daily trading volume of $377 million, while its market capitalization remained close to $4.42 billion, according to CoinMarketCap.

Litecoin price chart

Source: CoinMarketCap

Also Read | Hyperliquid ETF Filing by Grayscale Adds Staking Feature for HYPE Investors

LTC  Price Quietly Builds Momentum

Recently, data shared by crypto analytics firm Alphractal indicated that there was a significant change in the behavior of the Litecoin price. As reported on May 12, despite a decrease in conversations about the coin and reduced social interaction, LTC holders were able to increase their stake in the currency in April.

LTC  Price Quietly Builds Momentum

Source: Alpharactal’s X Post

According to the analytics firm, long-term holdings of supplies were growing steadily throughout the month, indicating that investor confidence remained strong despite low market focus on the asset. This type of behavior is generally considered indicative of a silent building phase.

Litecoin Price Momentum Begins Cooling Near Resistance

The Litecoin price was last seen rising, but it appears that it has started to slow down due to resistance near the $57 mark. The technical analysis indicates that the buyers currently have an edge, albeit a weakening one.

The current RSI stands at 53.44, while its moving average is at 56.04. The RSI being above the 50 mark suggests a preference for buyers in the current trading range.

However, the RSI is showing considerable weakness since it is below the highs recently experienced, meaning that investors are now locking in their gains following the bullishness shown by Litecoin.

Litecoin Price Momentum Begins Cooling Near Resistance

Source: TradingView

Meanwhile, the MACD is still indicating positive momentum for the currency pair. The MACD line has been holding steady at 0.81852 against the signal line at 0.58480, while the histogram is trading at 0.23372.

Despite all that, the decreasing distance between the MACD and signal lines indicates that upward momentum is losing steam. Should the downward pressure on sales continue to increase, the Litecoin price might consolidate for a while prior to breaking out.

Currently, the Litecoin price is still fairly well-balanced, thanks to the persistent accumulation that continues to occur despite the declining short-term momentum.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | CAKE Price Prediction: Bullish Structure Points to a Rally Toward $1.80 Target

Filed Under: Cryptocurrency News, Altcoin News

APE Price Consolidation Signals a Potential Breakout Toward $1.90 Target

By Mishal Ali | Edited By Messam Raza,May 13, 2026, 4:30 AM

ApeCoin (APE) saw a sharp rally followed by consolidation after volatility, with improving momentum for the APE price, testing a key resistance zone while remaining below long-term trend indicators. 

Trading activity strengthened significantly, reflecting higher participation, better liquidity, and growing market interest alongside cautious sentiment. According to CoinMarketCap, APE is trading at $0.1554 with signs of stability over the last 24 hours. 

APE current price

Source: CoinMarketCap

APE Derivative Data Point to Increasing Strength

According to Coinglass, the APE open interest increased by 3.48%, reaching $64.96 million, indicating a moderate rise in outstanding derivative contracts. This reflects steady participation from traders, suggesting cautious optimism and continued capital inflow into the market.

APE open interest and volume

Source: Coinglass

However, volume increased by 56.03%, reaching $108.63 million, indicating strong trading activity and higher market participation. This suggests growing momentum and improved liquidity conditions, reflecting increased investor interest and bullish sentiment across the broader market.

Also Read: ApeCoin (APE) Approaches Critical Support: Is a Reversal to $5.90 on the Horizon?

APE Price Setup Hints at Strong Upside Move

Furthermore, the crypto analyst Jonathan Carter revealed that the APE price is approaching an important technical battleground on the weekly chart as the token approaches the midpoint of a long-term downward trend. 

The momentum has started increasing again following a prolonged period of correction, with buyers making higher lows. Structure is tightening, indicating that a breakout or a breakdown could occur soon.

APE price prediction

Source: Jonathan Carter’s X Post

In case of continued bullish pressure, the technical analysts will keep their focus on the resistance levels of $0.25, $0.38, $0.55, $0.79, $1.06, and $1.90. 

A move beyond the midpoint of the channel can signal a change in the existing trend, whereas failure to move past higher prices can see the continuation of the consolidation phase.

Technical Indicators Point to Short-Term Consolidation

According to TradingView, the APE price movement has gone from a bearish trend to one with explosive volatility. Between February and March, prices continued to move downwards and remained below their major EMAs. 

The APE price then skyrocketed at the end of April, reaching 0.27000. This caused the Bollinger Bands to be stretched, implying a huge increase in trading volume.

APE technical analysis

Source: TradingView

Following the breakout, the APE price begins to flatten. The price finds support at the level of 0.15480 through the 20-day moving average line. 

Since the APE price is yet to cross the 200-day exponential moving average line, it can be noted that the narrowing Bollinger Bands point to the market’s rest period.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: ApeCoin Downtrend Exhaustion Builds Case For $0.55

Filed Under: Cryptocurrency News, Altcoin News

XRP Price Range Tightens as Bulls Defend Crucial $1.38 Support Zone

By Zagham Abbas | Edited By Messam Raza,May 13, 2026, 4:00 AM

XRP price is trading within a broader range, reflecting a temporary bearish bias, although the technical picture is intact. The current retreat is perceived as corrective, not bearish, with early indications that momentum may gradually build up if support holds.

At press time, the XRP price is trading at $1.43, with a 24-hour trading volume of $3.09 billion and a market capitalization close to $88.53 billion. The XRP price has fallen by 2.53% over the last 24 hours, showing a short-term correction after recent upward attempts.

Source: CoinMarketCap

Also Read | XRP Price Analysis: Can XRP Reclaim $1.49 Resistance?

XRP Price Tests Key Support

As reported by crypto analyst More Crypto Online on May 12, 2026, the present movement of the XRP price is still trading within the larger sideways pattern. The recent fall from its highs reached on May 10 is interpreted as just a corrective move and not a trend reversal. From a wave structure point of view, this is creating a perfect 3-wave down.

A key level for the XRP price to be monitored is the swing support zone at $1.38. With the retention of this level, the whole pattern leaves an option for one more impulse to develop. In case the buyers keep defending this zone, the rate may try to develop a bullish diagonal pattern.

Source: More Crypto Online’s X Post

Meanwhile, upside potential is still relatively weak at the moment. This uptrend, starting from the low on April 5, is likely corrective as well. In the near future, the immediate support level for XRP lies in the range of $1.40-$1.42.

This range can be viewed as an interesting short-term support area, but it should not be considered relatively strong because, in the case of corrective waves, the response in relation to these areas tends to be rather imbalanced. Indeed, the internal support at $1.41 was already hit.

XRP Momentum Indicators Show Gradual Recovery

Despite the recent bearish sentiments on the price of XRP, the indicators are now showing a gradual improvement. The Relative Strength Index (RSI) is trading at 53.92 and is now above its signal line, which is at 52.15. This is an indication that buyers’ activities are gradually increasing following the sideways trading range.

Source: TradingView

MACD is also becoming bullish. The MACD line is currently trading higher than the signal line at 0.00785 with 0.01345. Green histogram bars are starting to emerge after a long period of time. This means that momentum behind the price of XRP is gradually building, but not quite enough for a breakout yet.

Outlook for XRP Price

Overall, the XRP price is currently in a consolidation period, where both correction and uptrend signals exist. Given that the price stays above the $1.38 level, there is still some potential for the price to attempt an upside rally again.

What comes next in the XRP price will be determined by how much strength the buyers can create to turn the correction into an uptrend.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | CLARITY Act’s 309-Page Crypto Market Overhaul

Filed Under: Cryptocurrency News, Altcoin News

Bitcoin Risk Appetite Falls as BTC Premium Drops to 0%

By Amrin Sanjay | Edited By Messam Raza,May 13, 2026, 3:30 AM

Bitcoin market sentiment may be shifting again as new data shared by Bitwise points to a sharp decline in investor appetite for risk since October 2025. The report highlighted that Bitcoin premium levels dropped from nearly 30% to close to 0%, suggesting that institutional investors are moving away from speculative altcoin exposure and focusing more heavily on BTC.

Bitcoin Premium Drops Sharply Since October 2025

The quantum signal related to BTC was found to be negative following its positive momentum seen at the end of 2025. It has been highlighted that the levels of Bitcoin premium, which had earlier risen above 30%, have now drastically reduced and reached almost zero.

Bitcoin premium drops sharply since October 2025
Source: BitcoinArchive

According to the chart released by Bitwise, premium levels were highest from September to November 2025, but they began falling continuously from there until 2026. Analysts monitoring this metric believe that the interest in alternative cryptos and speculative activities is waning. Rather than that, it seems that the money is being redeployed into BTC as a defensive cryptocurrency.

Also Read: Bitcoin Price Eyes Drastic 15% Korea-Driven Surge

Institutional Investors Shift Focus Toward BTC

Institutions are showing a preference for BTC instead of other cryptocurrencies. The anticipated adoption of altcoins in connection with the story of quantum computers did not generate much momentum in the crypto market. Consequently, it seems like institutional money is being concentrated on Bitcoin instead of other cryptocurrencies.

BTC continues to function as an ultimate hedge in times of uncertainty. During such times of instability, institutional investors generally favor assets with higher liquidity, more developed markets, and greater infrastructure. This might be playing into the hands of BTC, the biggest cryptocurrency in terms of market cap in 2026.

Altcoin Rotation Weakens Across Crypto Markets

The drop in Bitcoin premium indicators is also an indication of lower momentum in the overall altcoin space. In previous cycles, when there was an uptick in the markets, traders would allocate their gains from BTC to smaller altcoins in search of better yields. However, it looks like the alt season is now losing momentum.

The social and speculative activity related to altcoins does not quite equal the level of enthusiasm that had been seen during past bull seasons. The market seems to have become more conservative following some extremely volatile cycles within the crypto ecosystem.

BTC Dominance Remains Strong in 2026

The relative stability of BTC compared to other altcoins has played a significant role in consolidating its dominance in the digital assets space. Experts have noted that investors have started looking at BTC more as a macro hedge asset than just another speculative cryptocurrency. This is particularly relevant as institutions’ presence in the crypto space grows.

Given that institutions are still favoring investments in BTC, other altcoins might see their capital inflows slow down for the next few months. The question now is whether BTC dominance will continue growing in the remaining months of 2026.

Also Read: Bitcoin’s Viability: Dalio Backs 2025 Gold Warning

Filed Under: Bitcoin (BTC), Altcoin News, Cryptocurrency News

Ethereum Staking Proposal Could Reduce ETH Inflation in 2026

By Amrin Sanjay | Edited By Messam Raza,May 13, 2026, 3:00 AM

The Ethereum community is discussing potential changes to the network’s staking reward model that could reduce ETH issuance and reshape staking incentives in 2026. According to research published by Grayscale, the proposed adjustments may lower nominal staking rewards but could strengthen Ether’s long-term value proposition by reducing inflation and increasing scarcity.

Ethereum's staking yield could be heading lower

Grayscale Research believes that's bullish for $ETH

Read the full article from @lowbeta on the Stack:https://t.co/UJjJIaKSL4 pic.twitter.com/QHZ4QRaPiO

— Grayscale (@Grayscale) May 12, 2026

Ethereum Community Debates New Staking Reward Structure

The Ethereum community is now contemplating a system of staking wherein only a certain amount would be considered for rewarding the stakers. The existing reward mechanism encourages users to stake more ETH as the number of staking participants increases, since the reward will go on rising. This system has been criticized as it might end up with too much ETH being staked.

This change is designed to limit motivation when staking reaches a certain threshold. Its proponents argue that it can enable a more balanced approach to network security and sustainable tokenomics. In their research, Grayscale pointed out that constraining staking expansion will prevent unnecessary minting of ETH, without compromising Ethereum’s foundation.

Also Read: Bitmine Holds 5.2M Ethereum Worth $12.08B in May 2026

Lower ETH Burn Has Increased Inflation Concerns

The problem of reducing the token burn rate on Ethereum is one of the central themes of this discussion. Due to the EIP-1559 upgrade, the Ethereum network started burning the base fee of each transaction on Layer 1. As more users adopt Layer 2 solutions for scalability, there has been less traffic on the main network, leading to lower Layer 1 transaction fees and reduced ETH burning.

Lower Ethereum burn has increased inflation concerns
Source: Grayscale

This has made it possible for the total supply growth in ETH to increase over the last couple of years. It is believed that with more emphasis on scalability and reduced costs of transactions by Ethereum, this network will continue burning at low levels in the near future. This is one area of concern over ETH inflation.

Institutional Staking Demand Continues to Expand

The practice of ETH staking has become less difficult since withdrawals became possible post the implementation of the proof-of-stake blockchain protocol on the ETH network. Initially, stakers were concerned about the liquidity of the process since it was not possible to withdraw the staked ETH. Such a situation is no longer the case.

Larger investment vehicles and corporate treasuries holding digital assets have started using their Ethereum holdings for staking. According to Grayscale, exchange-traded products and treasury-based institutional strategies have helped bring the cost of staking down to almost zero. There are some researchers who think that if the incentive structures do not change, then all ETH can be staked at some point in time.

Grayscale Says Lower Staking Rewards May Benefit ETH

According to Grayscale Research, minimizing the incentive to stake could help increase the market price of ETH. The decreased issuance rate would mean slower growth in the number of circulating Ether coins, which would give the cryptocurrency greater scarcity features. Analysts compared the dynamic to reduced production in commodity markets, where constrained supply can support long-term prices.

Moreover, the report indicated systemic risk factors associated with staking concentration. Should few entities control the majority of staking resources, there may be worries about network centralization. The blockchain would limit staking exposure as well as inflation, allowing Ethereum to become a strong digital store-of-value currency.

Also Read: Ethereum Price Analysis Shows ETH Testing $2,450 Breakout Zone

Filed Under: Ethereum (ETH), Altcoin News, Cryptocurrency News

Chainlink Price Prediction: LINK Ascending Triangle Points to $12.24 Rally

By Mishal Ali | Edited By Messam Raza,May 13, 2026, 2:30 AM

Chainlink (LINK) shows a bullish ascending triangle, suggesting a potential breakout if resistance breaks, while support remains key. Momentum indicators signal rising buying pressure for the Chainlink price. 

Meanwhile, institutional adoption grows as Chainlink integrates into global collateral infrastructure, strengthening long-term fundamentals. According to CoinMarketCap, LINK is trading at $10.30 with a weekly gain of 5.9%.

LINK current price

Source: CoinMarketCap

Chainlink Price Eyes $12.42 as Ascending Triangle Forms

Furthermore, the crypto analyst Ali Charts highlighted that LINK is showing a potential bullish breakout as it forms an ascending triangle pattern, a structure often linked with continuation of upward momentum. 

The Chainlink price action is tightening with higher lows pressing against a flat resistance zone, suggesting accumulation. If buyers maintain strength, the setup indicates growing pressure for an upside move.

Chainlink price prediction

Source: Ali Charts’ X Post

Analysts note that a breakout above resistance could target around $12.42, while the pattern remains valid only if support near $10.08 holds. 

This level now acts as a crucial floor for bullish momentum. A break below it may weaken the setup, but holding it keeps the upward breakout scenario actively in play.

Also Read: Chainlink Price Prediction: LINK Signals Rally As Breakout Targets $20

LINK Technicals Reveal Potential for Upward Rally

According to TradingView, the Chainlink price is on a journey from moving horizontally to breaking out on a positive note. 

Following movement from $8.40 up to $10.00 for the whole of April, LINK is now moving above the upper line of Bollinger Bands. However, a minor retracement below $10.30 via red candle formation has not derailed its momentum.

Chainlink price analysis

Source: TradingView

Technicals indicate the beginning of an emerging upward trend for the Chainlink price with a clear bullish crossover on the MACD line. 

The blue line on the MACD line moves higher than the signal line, accompanied by larger green bars on the histogram, which indicates increased buying activity. Volatility increases amid wider Bollinger bands, with the bulls controlling the Chainlink price action beyond the critical moving average.

Chainlink Enables 24/7 DTCC Collateral Infrastructure

Apart from the Chainlink price movements, the Depository Trust and Clearing Corporation is integrating Chainlink’s standards for data and orchestration into its Collateral AppChain. 

This represents an important step towards upgrading the global backbone behind post-trade infrastructure. In this way, it hopes to improve the efficiency of managing collateral through connecting conventional finance systems with blockchain technology.

Chainlink and DTCC partnership

Source: Chainlink’s X Post

Collaboration with Chainlink is driving DTCC towards continuous, near-real-time collateral processing. The collaboration ensures that there will be consistent data flow, faster risk management, and improved interoperability between financial firms. 

The collaboration falls under the wider trend of tokenized finance and market infrastructure, which aims to reduce latencies and improve liquidity management globally.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Chainlink Price Outlook: LINK Descending Wedge Suggests Rally to $21

Filed Under: Cryptocurrency News, Chainlink (LINK)

Kaspa Price Outlook: KAS Breakout Points to a Strong Rally to $0.077

By Usman Zafar | Edited By Ammar Raza,May 12, 2026, 11:00 PM

Kaspa (KAS) is recovering from accumulation with improving price action moving toward prior highs. Technical indicators show reclaimed moving averages and a potential reversal for the Kaspa price. However, derivatives data shows declining open interest, indicating reduced leverage and cautious market sentiment with profit-taking. According to CoinMarketCap, KAS is trading at $0.03830 with a weekly gain of 12.57%.

KASPA price chart

Source: CoinMarketCap

KAS Rising Volume Points to Upward Potential

According to Coinglass, volume increased by 50.77%, reaching $89.93 million, indicating strong market activity and heightened trading interest compared to previous levels, suggesting increased participation, liquidity expansion, and potentially rising volatility across the assets.

KAS Rising Volume Points to Upward Potential

Source: Coinglass

However, open interest decreased by 4.50%, settling at $55.95 million, reflecting reduced outstanding derivative positions, weaker trader commitment, and possible profit-taking or position unwinding, which may signal cooling sentiment and lower leverage exposure across the market.

Also Read: Solana Price Surges Above $97 as Bulls Defend Key Support Levels in Strong Uptrend

Kaspa Price Action Signals Rally After Accumulation

Furthermore, the crypto analyst JACKIS highlighted that KAS appears to be emerging from an extended build-up phase, where the Kaspa price is now gravitating towards the high reached back in March. 

A breakthrough here could herald a much stronger Q2 bounce, while failure will only prolong the period of trading in a narrow range. In either case, however, the current environment indicates a strengthening trend following the bear market from 2024.

KASPA price analysis

Source: JACKIS’ X Post

Market conditions indicate that there is very limited supply overhead and that the only major level of resistance for the Kaspa price is at $0.077. 

This lack of liquidity overhead may help facilitate a faster rise if bull power makes a resurgence. This could allow any future advance to take place without much difficulty.

Technical Indicators Point to Improving Strength

According to TradingView, the Kaspa price trend has transitioned from its bearish bias to an emerging recovery. 

With an abrupt fall early in the year 2026, the Kaspa price fell to touch the support level of $0.0260 before stabilizing below the 200-day exponential moving average of $0.04323. The Bollinger Bands suggest that the asset is forming a base.

KASPA Technical Indicators Point to Improving Strength

Source: TradingView

Recent trading sessions indicate a strong uptrend as the asset reaches $0.03841 despite a small dip during the day. 

The Kaspa price manages to move past the 20-day, 50-day, and 100-day EMAs and is now situated between $0.03453 and $0.03578. In order for a full reversal of the trend to occur, the Kaspa price needs to rise above the 200-day EMA.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Bitcoin Price Builds Strength Above Support While Bulls Target $94K

Filed Under: Cryptocurrency News, Altcoin News

Worldcoin Price Prediction: WLD Eyes $0.85 After Falling Wedge Breakout

By Usman Zafar | Edited By Ammar Raza,May 12, 2026, 10:30 PM

Worldcoin (WLD) shows a breakout from a falling wedge, suggesting a potential bullish shift in the Worldcoin price. Indicators remain neutral but improving with early bullish signals in MACD and balanced RSI. Derivatives data shows declining open interest and volume, reflecting cautious sentiment and reduced market participation. According to CoinMarketCap, WLD is trading at $0.2669 with a weekly gain of 9.09%.

Worldcoin price analysis

Source: CoinMarketCap

Derivative Data Point to Decreasing Strength

According to Coinglass, the WLD open interest declined by 3.98%, reaching $184.63 million. This indicates a reduction in outstanding derivative contracts, suggesting traders are closing positions or reducing exposure. The movement reflects cautious sentiment and potential repositioning within the market amid shifting trading dynamics.

Derivative Data Point to Decreasing Strength

Source: Coinglass

Trading volume fell by 43.66%, totaling $285.46 million. This sharp decline signals reduced market participation and weaker liquidity. It may indicate lower short-term trading interest and a slowdown in overall activity across the market.

Also Read: Worldcoin (WLD) Eyes Recovery Toward $0.85 as Key Support Holds Strong

WLD Price Action Turns Bullish After Wedge Breakout

Furthermore, the crypto analyst Butterfly revealed that the Worldcoin price has broken out from the area of falling wedge pattern formation on the daily chart, suggesting an emerging shift in the prevailing trend formation. 

The breakout is indicative of waning bearish sentiment and the rise in buyer supremacy, thus turning the momentum into a bullish continuation.

WLD price analysis

Source: Butterfly’s X Post

If this trend continues, the Worldcoin price may go even further towards the $0.85 area, which recently has started appearing as an important target to watch out for. However, traders should also be aware of possible retracements towards the breakout area. 

Further volume and daily higher closes in the Worldcoin price would be decisive in determining the continuation of the trend.

Technical Outlook Points to a Consolidation Phase

According to TradingView, the RSI is currently standing at 51.38, indicating that the current market sentiment is neutral. The fact that it is trading above the 45.18 signal level indicates the possibility of a slight uptrend in buying activity. 

This allows the index to remain away from oversold levels, giving the Worldcoin price enough room to run up against seller resistance.

Worldcoin Technical Outlook Points to a Consolidation Phase

Source: TradingView

The MACD indicator is displaying signs of a bullish crossover emerging, as indicated by the histogram currently at +0.00505. 

While the MACD is negative at -0.00083, and the signal line is even lower at -0.00588, the narrowing gap between the two shows signs of increasing strength. It is important that the current uptrend be sustained.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Worldcoin Wallets Move $5.57 Milion WLD to Bybit, Selling Pressure Builds

Filed Under: Cryptocurrency News, Altcoin News

Bhutan’s GMC Crypto Framework Links Licensing With Banking

By Arslan Tabish | Edited By Ammar Raza,May 12, 2026, 10:00 PM

Bhutan’s Gelephu Mindfulness City launched a new framework for crypto and fintech firms seeking faster market entry. The GMC crypto framework combines regulatory approval and corporate banking through one application, aiming to reduce delays that often follow licensing in other jurisdictions.

GMC said firms already licensed in Singapore, Abu Dhabi Global Market, or Hong Kong will qualify for an expedited review. The process recognizes companies that have already cleared requirements in established financial centers.

Also Read: Bhutan Steps Up Bitcoin Sales With Fresh 100 BTC Transfer

GMC Crypto Framework Combines Licensing and Banking

Within one framework, companies are able to incorporate a company, apply for regulatory approval, and obtain a corporate bank account. Companies that obtain a GMC license will also benefit from access to corporate banking via DK Bank.

The GMC crypto framework aims to solve the challenge that digital asset companies have been facing for ages. Some firms get approved by the regulator but have to wait months for bank accounts to be able to conduct day-to-day operations.

According to Jigdrel Singay, board member and digital assets and fintech lead at GMC, if institutions are credible entities from major jurisdictions, they should be able to go through this process quickly. 

With the new integrated system, he said, approved companies would be able to become operational without having to face separate banking delays.

GMC also stated that approved companies will have access to multi-currency banking support across nine major currencies. Supported currencies include USD, EUR, GBP, SGD, INR, JPY, HKD, AUD, and BTN.

GMC Crypto Plan Includes Tax and VCC Benefits

Yu Dong Zheng, chief executive of DK Bank, said licensing remains one hurdle for companies in many financial centers. He said companies often run into the biggest obstacle: finding banks to open accounts for their businesses after receiving regulatory approval.

In addition, DK Bank will provide financial services related to digital assets. These include Bitcoin (BTC)-backed lending, crypto asset exchange, and fiat-to-crypto on- and off-ramp infrastructure.

It also encompasses various features such as tax incentives, territorial taxation, and variable capital companies under the GMC crypto framework. In Singapore, the VCC model is in use and accommodates flexible investment fund structures.

The announcement comes amid continued focus on Bhutan’s broader digital asset strategy. In 2026, outflows linked to Bitcoin from the Bhutanese government reached over $230 million after it reportedly transferred another 100 BTC.

Source: Arkham

GMC has already taken steps to build its role in digital assets. In 2025, it adopted cryptocurrencies as part of its strategic reserve framework.

Bhutan Links Bitcoin Strategy With GMC Growth

In December 2025, Bhutan committed a total of 10,000 BTC to build up the Special Administrative Region. It tied national Bitcoin holdings to the economic development plans of the country.

In early 2026, blockchain analytics platform Nansen revealed plans to open an office in the GMC. The step will boost infrastructure for digital assets and on-chain analytics, the company said.

Many of the crypto and fintech executives applauded GMC’s regulatory strategy and institutional framework. John Ge, co-founder and chief executive of BIT, said the structure lowers execution risk for companies entering new markets.

The GMC crypto framework indicates increasing competition between jurisdictions attempting to capture regulated digital asset businesses. This highlights how banking access has become one of the key issues for crypto firms, tokenization platforms, and institutional infrastructure providers.

Also Read: Grayscale Files Zcash ETF Plan for NYSE Arca Listing

Filed Under: Cryptocurrency News

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