Nvidia shares have jumped nearly 5% after-hours after the chipmaker’s Q1 results beat estimates on revenue but fell short on earnings.

A Manhattan federal court has frozen $57 million worth of USDC allegedly tied to the controversial Libra memecoin.

Key takeaways:

97% of ETH put options will expire worthless if ETH holds above $2,600.

A bullish ETH price outcome could be limited by macroeconomic factors and trading strategies that cap Ether gains.

On May 30, $2.4 billion in Ether (ETH) options will expire—an event that could support ETH’s attempt to break above the $2,700 mark for the first time in over three months. Despite the recent gains, Ether is down 21% in 2025, while the broader cryptocurrency market has seen a 5% increase.

Ether bulls are motivated to keep ETH above $2,600 ahead of the monthly expiry. However, weak network activity on Ethereum suggests that the upside potential may be limited.

Ether/USD (blue) vs. Total crypto capitalization (green). Source: TradingView / Cointelegraph

Analysts believe Ether’s underperformance stems from rising competition among blockchains focused on decentralized applications. Still, ETH holds a key advantage as the only altcoin with a spot exchange-traded fund (ETF) offering in the United States. These ETFs attracted $287 million in net inflows between May 19 and May 27, reflecting increased interest from institutional investors.

Even as demand for Ether-based investment products grows, deposits and onchain activity on the Ethereum network have declined. This trend is especially troubling as rivals like Solana, BNB Chain, and Tron continue to gain market share. Ethereum no longer ranks among the top ten protocols in terms of fees, creating a supply imbalance that contributes to inflationary pressure on ETH.

Sell (put) options ill-prepared for ETH prices above $2,600ETH options aggregate open interest, USD. Source: Laevitas.ch

Even though the $1.3 billion in call (buy) options dominate the May 30 expiry, that doesn’t necessarily imply that those traders will reinvest the proceeds in new bullish positions. Many option strategies involve multiple maturities and are structured in ways that don’t benefit from ETH rising above specific thresholds. Additionally, traders may hedge their exposure through futures markets.

The $1.1 billion in put (sell) options were clearly caught off guard, as 97% were set at $2,600 or lower. These contracts will expire worthless if ETH holds above that level at 8:00 am UTC on May 30. While this imbalance is unusual, a similar outcome could affect the overly optimistic call options with strike prices at $2,800 and above if ETH remains near current levels.

Related: SharpLink launches Ethereum treasury, taps Joe Lubin as board chair

Below are four likely scenarios based on current price trends. These outcomes estimate theoretical profits based on open interest imbalances and do not account for complex strategies.

Between $2,300 and $2,500: $420 million in calls (buy) vs. $220 million in puts (sell). The net result favors the call instruments by $200 million.

Between $2,500 and $2,600: $500 million calls vs. $130 million puts, favoring calls by $370 million.

Between $2,600 and $2,700: $590 million calls vs. $35 million puts, favoring calls by $555 million.

Between $2,700 and $2,900: $780 million calls vs. $10 million puts, favoring calls by $770 million.

Bulls are strongly incentivized to push ETH past $2,700, yet the broader context may override those efforts. Given the strong correlation between cryptocurrencies and the S&P 500, macroeconomic indicators and corporate earnings are likely to remain the primary forces shaping investor risk appetite—and ultimately, ETH’s price at the time of the monthly options expiry.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

The US Labor Department has officially rescinded guidance issued during the Biden administration that limited the inclusion of cryptocurrency in 401(k) retirement plans.

On May 28, the Labor Department revoked a 2022 guidance that had urged fiduciaries to be “extremely cautious” when considering cryptocurrency for 401(k) retirement plans. The move could give asset managers more flexibility to include digital assets in retirement investment options.

The government agency removed the guidance asserting that it represented a departure from the department’s “historically neutral, principled-based approach to fiduciary investment decisions.”

“We’re rolling back this overreach and making it clear that investment decisions should be made by fiduciaries, not D.C. bureaucrats,” said US Secretary of Labor Lori Chavez-DeRemer.

The Labor Department under Biden criticized the practice of marketing cryptocurrencies to 401(k) participants. At the time, the agency claimed cryptocurrencies posed “significant risks and challenges” to participants’ retirement accounts due to their “speculative and volatile” nature and “valuation concerns,” among other reasons.

The American Banking Association (ABA) criticized the 2022 compliance release, claiming that it did not make the guidance available for public comment and review prior to issuance.

Related: Fidelity introduces retirement accounts with minimal-fee crypto investing

Trump administration shifts crypto landscape

President Trump has pledged to make the United States “the world capital of crypto” during his 2024 campaign.Under his administration, the Securities and Exchange Commission has scaled back several enforcement actions and investigations involving Web3 companies such as Uniswap, Coinbase, and Kraken, while also engaging in policy discussions on topics like real-world asset tokenization and the regulatory status of certain tokens. At the same time, some lawmakers have expressed concerns about Trump’s involvement in the crypto space, including calls for greater scrutiny of his associated ventures.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

Pakistan’s crypto minister, Bilal Bin Saqib, announced on May 28 that the country is establishing a Bitcoin strategic reserve.

Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the government of Pakistan followed the United States’ lead in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory policies. The government official told the audience:

“Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United States of America again because we were inspired by them.”

The announcement represents a significant departure from the government of Pakistan’s previous stance on cryptocurrencies, holding that crypto would never be legal in the country.

Pakistan’s shift reflects the broader trend of nation-states adopting pro-crypto policies following the regulatory shift in Washington, DC under the President Donald Trump administration.

Bilal Bin Saqib at the Bitcoin 2025 conference announcing a Bitcoin strategic reserve. Source: Cointelegraph

Related: Pakistan appoints special assistant to PM on blockchain and crypto

Bilal Bin Saqib, head of Pakistan’s crypto council, announced on May 28 that the country is moving to establish a strategic Bitcoin reserve.

Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the government of Pakistan followed the United States’ lead in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory policies. The government official told the audience:

“Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United States of America again because we were inspired by them.”

The announcement represents a significant departure from the government of Pakistan’s previous stance on cryptocurrencies, holding that crypto would never be legal in the country.

Pakistan’s shift reflects the broader trend of nation-states adopting pro-crypto policies following the regulatory shift in Washington, DC under the President Donald Trump administration.

Bilal Bin Saqib at the Bitcoin 2025 conference announcing a Bitcoin strategic reserve. Source: Cointelegraph

Related: Pakistan appoints special assistant to PM on blockchain and crypto

Pakistan shifts stance toward cryptocurrencies

The Pakistan government first explored the idea of a “National Crypto Council” in February 2025 to oversee the development of a comprehensive regulatory framework for cryptocurrencies and to attract foreign investment.

Several initiatives were proposed by the Council, including using runoff energy to mine BTC or data centers, and accumulating BTC for a national treasury.

In May 2025, the Council announced the allocation of 2,000 megawatts of excess energy to Bitcoin mining and high-performance computing data centers.

Binance co-founder Changpeng Zhao is one of the Council’s advisers. Appointed in April, the executive will advise on crypto regulations, blockchain infrastructure, and the adoption of digital assets.

Trump’s World Liberty Financial (WLFI), a decentralized finance protocol, signed a letter of intent on April 27 to help the country to tokenize real-world assets, build DeFi architecture, and experiment with crypto products.

More recently, in May 2025, Pakistan’s Ministry of Finance commissioned the establishment of an entirely new agency to oversee digital asset regulations in Pakistan. The Digital Asset Authority will oversee the regulation of crypto platforms and issue licenses to digital asset providers operating in the country.

Magazine: NBA star Tristan Thompson misses $32B in Bitcoin by taking $82M contract in cash

Bilal Bin Saqib, head of Pakistan’s crypto council, announced on May 28 that the country is moving to establish a strategic Bitcoin reserve.

Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the government of Pakistan followed the United States’ lead in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory policies. The government official told the audience:

“Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United States of America again because we were inspired by them.”

The announcement represents a significant departure from the government of Pakistan’s previous stance on cryptocurrencies, holding that crypto would never be legal in the country.

Pakistan’s shift reflects the broader trend of nation-states adopting pro-crypto policies following the regulatory shift in Washington, DC under the President Donald Trump administration.

Bilal Bin Saqib at the Bitcoin 2025 conference announcing a Bitcoin strategic reserve. Source: Cointelegraph

Related: Pakistan appoints special assistant to PM on blockchain and crypto

Pakistan shifts stance toward cryptocurrencies

Pakistan government first explored the idea of a “National Crypto Council” in February 2025 to oversee the development of a comprehensive regulatory framework for cryptocurrencies and to attract foreign investment.

Several initiatives were proposed by the Council, including using runoff energy to mine BTC or data centers, and accumulating BTC for a national treasury.

In May 2025, the Council announced the allocation of 2,000 megawatts of excess energy to Bitcoin mining and high-performance computing data centers.

Binance co-founder Changpeng Zhao is one of the Council’s advisers. Appointed in April, the executive will advise on crypto regulations, blockchain infrastructure, and the adoption of digital assets.

Trump’s World Liberty Financial (WLFI), a decentralized finance protocol, signed a letter of intent on April 27 to help the country to tokenize real-world assets, build DeFi architecture, and experiment with crypto products.

More recently, in May 2025, Pakistan’s Ministry of Finance commissioned the establishment of an entirely new agency to oversee digital asset regulations in Pakistan. The Digital Asset Authority will oversee the regulation of crypto platforms and issue licenses to digital asset providers operating in the country.

Magazine: NBA star Tristan Thompson misses $32B in Bitcoin by taking $82M contract in cash

Shares of video game and collectibles retailer GameStop dropped nearly 11% on May 28 after the company announced its first Bitcoin purchase, triggering a classic sell-the-news reaction.

The stock closed at $31.21 on the New York Stock Exchange, according to Google Finance.

The company announced the purchase of 4,710 Bitcoin (BTC) valued at roughly $513 million on May 28. GameStop confirmed plans to create a BTC treasury strategy on March 26, following months of investor speculation and rumors that it would begin accumulating the cryptocurrency.

Trump Media and Technology Group (TMTG), the parent company of President Donald Trump’s Truth Social platform, also saw its shares plunge after announcing a $2.5 billion capital raise to purchase Bitcoin. Since the May 27 announcement, TMTG stock has dropped over 24%.

GameStop’s stock has experienced a pullback following the company’s first Bitcoin purchase. Source: TradingView

GameStop’s move to adopt Bitcoin as a treasury reserve asset reflects a growing trend among companies turning to Bitcoin to safeguard cash reserves or reposition themselves as Bitcoin acquisition vehicles.

Related: Bitcoin accepted at fast food chain Steak ’n Shake from May 16

Bitcoin as a hedge against fiat currency inflation

Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, GameStop CEO Ryan Cohen said that “Bitcoin and gold can be hedges against global currency devaluation and systemic risk.” According to Cohen:

“Bitcoin has certain unique advantages compared to gold. The portability aspect, it’s instantly transferable across the globe, whereas gold is bulky and very expensive to ship, the authenticity is instantly verified via the blockchain. You can easily secure Bitcoin in a wallet, whereas gold requires insurance, and it is very expensive.”

The CEO also cited the absolute scarcity of Bitcoin and the potential for gold’s inflation rate to increase due to technological advancements as a factor in favor of choosing Bitcoin over gold for long-term value storage.

GameStop CEO Ryan Cohen discusses the rationale for the company’s Bitcoin acquisition. Source: Bitcoin Magazine

Bitcoin also has a greater potential upside since the digital asset is still in its infancy and continues to be monetized, according to Cohen.

“Gold is a more mature market. It is roughly around $20 trillion in market capitalization, whereas Bitcoin today is about $2 trillion,” the GameStop CEO said.

Magazine: Bitcoin miners steamrolled after electricity thefts, exchange ‘closure’ scam: Asia Express

Key point:

Bitcoin’s market structure is still bullish, even as a phase of profit taking and consolidation sets in.

Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report added that a mild retracement or consolidation would be healthy and lay the foundation for the next leg higher.

Glassnode had a similar view. In its latest report, the market intelligence company said that the relative strength indicator (RSI) has weakened, suggesting easing momentum, which could lead to “a potential pause or reversal in the recent bullish trend.”

Crypto market data daily view. Source: Coin360

Even if a correction happens, dips are likely to be purchased. Material Indicators co-founder Keith Alan remains bullish as Bitcoin continues to trade above $100,000, and the whales are accumulating. He expects Bitcoin to find support near the $94,000 level. 

What are the critical levels to watch out for in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

Bitcoin’s failure to maintain above the $109,588 level may have attracted selling by short-term traders. 

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The bears will try to pull the price to the 20-day exponential moving average ($105,453), which is a key level to watch out for. If the price rebounds off the 20-day EMA with strength, it suggests that the sentiment remains positive and traders are buying on dips. That improves the prospects of a retest of the $111,980 level. If buyers overcome the $111,980 resistance, the BTC/USDT pair could surge to $130,000.

Contrarily, a break and close below the 20-day EMA could strengthen the bears. The pair could then plummet to the psychologically crucial support of $100,000, which is likely to attract solid buying by the bulls.

Ether price prediction

Buyers could not push Ether (ETH) above the $2,738 resistance on May 27, but they have kept up the pressure.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The ETH/USDT pair has formed a bullish ascending triangle pattern, which will complete on a break and close above $2,738. That clears the path for a rally to $3,000 and later to the pattern target of $3,153.

This optimistic view will be negated in the near term if the price turns down and breaks below the 20-day EMA ($2,467). The failure of a bullish setup may trap the aggressive bulls, sinking the pair to $2,323 and below that to $2,111.

XRP price prediction

XRP (XRP) has been trading between the moving averages, indicating a lack of aggressive buying or selling.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The flattish 20-day EMA ($2.33) and the RSI just below the midpoint do not give a clear advantage either to the bulls or the bears. If the price dips below the 50-day SMA ($2.24), the XRP/USDT pair could dive to the $2 support. Buyers are expected to fiercely defend the $2 level because a break below it may sink the pair to $1.61.

On the upside, a break and close above the 20-day EMA opens the gates for a rally to $2.65. Buyers will have to drive the pair above $2.65 to catapult the price to $3.

BNB price prediction

Buyers pushed BNB (BNB) above the $693 resistance on May 27 but could not sustain the higher levels.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The price action of the past few days has formed a bullish ascending triangle pattern, which will complete on a break and close above $693. If that happens, the BNB/USDT pair could rally toward the pattern target of $752.

The 20-day EMA ($658) is the critical support to watch out for on the downside. A break and close below the 20-day EMA could accelerate selling as the aggressive bulls may cover their positions. That could tug the pair to the 50-day SMA ($622).

Solana price prediction

Solana (SOL) has been consolidating inside a narrow range between the 20-day EMA ($169) and the overhead resistance at $180.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

If the price turns down and breaks below the 20-day EMA, it suggests that the bulls are booking profits. The SOL/USDT pair could descend to $159 and later to the 50-day SMA ($153), which is likely to attract buyers. If the price rebounds off the 50-day SMA, the pair could swing between $153 and $180 for some time.

A break and close above $180 signals the resumption of the up move. The pair could pick up momentum and rally to the $210 to $220 resistance zone.

Dogecoin price prediction

Sellers are trying to pull Dogecoin (DOGE) below the immediate support at the 20-day EMA ($0.22).

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

If they succeed, the DOGE/USDT pair could drop to the horizontal support at $0.21. Buyers are expected to defend the $0.21 level with all their might because a break below it could sink the pair to the 50-day SMA ($0.19). Such a move brings the large $0.14 to $0.26 range into play.

On the contrary, a rebound off $0.21 suggests the bulls are vigorously defending the level. That could keep the pair inside the $0.21 to $0.26 range for a few more days.

Cardano price prediction

Buyers have managed to keep Cardano (ADA) above the neckline of the inverse head-and-shoulders (H&S) pattern, but the bounce lacks strength.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

That increases the risk of a break below the 50-day SMA ($0.70). If that happens, the ADA/USDT pair could plunge to the solid support at $0.60. That suggests the markets have rejected the breakout from the bullish setup.

Buyers will have to push the price above the $0.86 resistance to indicate the resumption of the up move. The pair may then rally to $1.01, where the bears may mount a strong defense.

Related: SUI price chart hints at 2x rally amid Nasdaq ETF filing

Sui price prediction

Sui (SUI) turned down from the 20-day EMA ($3.66) on May 28, indicating that the sentiment remains negative and the traders are selling on rallies.

SUI/USDT daily chart. Source: Cointelegraph/TradingView

The bears will try to sink the SUI/USDT pair to the 50-day SMA ($3.24), which is a key level to keep an eye on. If the price rebounds off the 50-day SMA, the bulls will try to clear the 20-day EMA hurdle. If they can pull it off, the pair may rally to the $3.90 to $4.25 overhead zone.

On the other hand, a break and close below the 50-day SMA suggests that the bears remain in control. The pair could then plunge to the $2.86 support.

Hyperliquid price prediction

Hyperliquid (HYPE) turned down from $40 on May 26 and broke below the breakout level of $35.73 on May 28. 

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

There is support at $32, but if the level cracks, the HYPE/USDT pair could extend the slide to the 20-day EMA ($30). Buyers will try to start a bounce off the 20-day EMA but may face stiff resistance at $35.73.

The first sign of strength will be a break and close above $35.73. That suggests solid demand at lower levels. The bulls will then make one more attempt to drive the pair to the overhead resistance of $42.25.

Chainlink price prediction

Chainlink (LINK) continues to find support at the neckline of the H&S pattern, but the bulls have failed to start a strong rebound.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($15.66) is flattening out, and the RSI is near the midpoint, indicating a balance between supply and demand. Buyers will have to push the price above $18 to gain the upper hand. If they do that, the LINK/USDT pair could rally to $19.80.

Instead, if the price turns down and breaks below the 50-day SMA ($14.68), it suggests that the markets have rejected the breakout above the resistance line. The pair could then drop to $13.20.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

United States Vice President JD Vance took the stage to deliver a keynote address at the Bitcoin 2025 conference in Las Vegas, Nevada, encouraging Bitcoiners to deepen their involvement in politics.

Vance highlighted the strategic and geopolitical importance of Bitcoin, emphasizing that the US should maintain leadership in the crypto industry to remain competitive in the age of digital finance. Vance told the audience:

“What happens in the world of politics, what happens in the world of bureaucracy, will affect even the most transformational and valuable technologies if we do not make the right decisions. The first thing that I would ask you, is to take the momentum of your political involvement in 2024 and carry it forward to 2026 and beyond.”

“Don’t ignore politics because I guarantee you, my friends, politics is not going to ignore this community, not now, and not in the future,” the vice president continued.

Vice President JD Vance gives a keynote speech at Bitcoin 2025 in Las Vegas, Nevada. Source: Cointelegraph

Bitcoin continues to gain institutional legitimacy and has been elevated to an asset class with macroeconomic and geopolitical importance. Market analysts and Bitcoin advocates warn that the global race to acquire BTC is underway between sovereign powers.

Related: Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’

Nation-state Bitcoin adoption

Bitcoin maximalists and market analysts argue that high-stakes game theory compels nation-states to adopt BTC due to the downside or opportunity cost of not adopting the scarce digital asset as sovereign competitors do.

This alleged nation-state’s fear of missing out (FOMO) was amplified by US President Donald Trump’s pro-crypto stance, including the creation of a Bitcoin strategic reserve and a crypto advisory council.

The regulatory shift in the United States prompted other governments to indicate a possible policy reset on cryptocurrencies and Bitcoin.

The government of India, for instance, is reconsidering its crypto policies in response to regulatory changes in the US. India’s economic affairs secretary, Ajay Seth, said that digital assets do not care about borders.

Magazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee