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    MoneyGram Launches MGUSD Stablecoin for Remittance Network

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    MoneyGram Launches MGUSD Stablecoin for Remittance Network

    MoneyGram launched MGUSD, a US dollar stablecoin on Stellar, as the remittance company deepens its push into blockchain-based cross-border payments.

    The company said Tuesday that MGUSD will be integrated into the MoneyGram app through a self-custodial wallet, allowing users to hold dollar-denominated balances, move funds globally and convert into local currencies. The stablecoin initially launched in the US market, with plans to scale worldwide. 

    MGUSD is backed by a notable infrastructure stack. The tokens are issued by Bridge, Stripe’s stablecoin platform, which received conditional approval from the US Office of the Comptroller of the Currency to operate as a federally chartered national trust bank in February. 

    MGUSD is issued by Bridge, Stripe’s stablecoin platform, with mint-and-burn smart contract infrastructure from M0 and wallet infrastructure from Fireblocks.

    The launch marks a deeper step in the remittance industry’s stablecoin push, shifting from backend settlement and payout partnerships toward app-based digital-dollar balances for consumers.

    MoneyGram said MGUSD builds on its long-running partnership with the Stellar Development Foundation. The company described the stablecoin as a deeper move into issuance, balance infrastructure and broader network utility.

    Remittance costs drive onchain push 

    The launch comes as remittance firms increasingly test blockchain infrastructure for cross-border payments, a sector that remains costly and inefficient compared with domestic systems. 

    Global cost of sending $200 in remittances. Source: World Bank

    In a 2026 paper, the Bank for International Settlements (BIS) said cross-border payments remain “more costly, less accessible, slower, and less transparent” than domestic payments, despite new payment arrangements. Retail cross-border payments can also take several days, while transparency can be limited. 

    Related: Western Union teams with Crossmint to support USDPT stablecoin on Solana

    World Bank data showed that sending $200 across borders cost an average of 6.36% in the third quarter of 2025, meaning fees and foreign-exchange margins consumed about $12.72 of a $200 transfer. That remains more than double the United Nations Sustainable Development Goal target of 3%.

    Stablecoin transfers can reduce the blockchain settlement component of a payment to a fraction of a cent, though users may still pay on-ramps, off-ramps, foreign exchange spreads and local payout fees. Stellar’s developer documentation says the network minimum fee is 100 stroops, or 0.00001 XLM (about $0.000002) per operation.

    Stablecoins have also grown into a large enough market to draw attention from payment firms. DefiLlama data shows that the total stablecoin market cap is at around $320 billion, while Citi forecast in September 2025 that stablecoin issuance could reach a base case of $1.9 trillion by 2030. 

    Stablecoin market cap. Source: DefiLlama

    That cost gap and stablecoin growth help explain why remittance companies are testing stablecoin infrastructure. On May 5, MoneyGram partnered with crypto exchange Kraken to allow users to convert crypto into cash for pickup across 100 countries. On May 20, the company partnered with the Stripe-incubated blockchain Tempo to support stablecoin settlement and help validate remittance transactions. 

    Its business rival, Western Union, has also moved into stablecoins. On May 5, the company began rolling out its USD stablecoin called USDPT on Solana, initially in Bolivia and the Philippines, with plans to expand to over 40 countries in 2026. 

    Magazine: 50K investors fight Korean crypto tax, Singapore cancels Bsquared: Asia Express

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    AAVE Price Prediction: $85-90 Recovery Target as Oversold Metrics Signal Reversal

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    AAVE Price Prediction: -90 Recovery Target as Oversold Metrics Signal Reversal


    Darius Baruo
    Jun 02, 2026 08:50

    AAVE’s plunge to $77.76 creates textbook oversold conditions with RSI at 28.29 and institutional long positioning at 63.5%. Technical convergence points to 65% probability of bounce toward $85-90 w…

    Market Context: Why AAVE is Moving Now

    AAVE’s brutal 4% decline has hammered the DeFi lending protocol down to $77.76, creating the kind of oversold setup that typically marks intermediate bottoms. Trading $51 below its 200-day moving average at $129.13, the token sits in deeply discounted territory that’s attracting systematic accumulation from sophisticated players.

    The positioning data reveals a striking divergence between retail sentiment and institutional behavior. While retail traders hold a modest 55.6% long bias, top-tier traders have aggressively increased their long exposure to 63.5%. This whale accumulation during peak pessimism often precedes sharp reversals, particularly when Blockchain.news analysis shows continued institutional appetite for quality DeFi protocols despite surface volatility.

    Technical Convergence Points to Bounce

    Multiple momentum indicators have reached extremes that historically coincide with short-term reversals. The RSI reading of 28.29 represents the deepest oversold level in months, while price action has compressed against the lower Bollinger Band at $77.00. When combined with a Stochastic reading buried at 3.12/%K, these metrics create a confluence that’s resolved upward roughly 80% of the time within 3-5 sessions.

    The derivatives landscape reinforces this technical picture. Negative funding rates at -0.0056% mean shorts are paying longs, creating natural buying pressure as positions unwind. The aggressive sell ratio of 0.8835 in taker flows indicates capitulation-level selling from weaker hands, while declining open interest of 0.41% suggests position reduction rather than fresh short building.

    Whale Activity and Price Targets

    Smart money positioning tells a different story than surface price action suggests. The concentration of long exposure among top traders, combined with systematic accumulation patterns tracked by Blockchain.news, indicates institutional players are methodically building positions at these discounted levels. This creates a foundation for recovery once selling pressure exhausts itself.

    The probability matrix strongly favors upside resolution, with technical levels providing clear roadmap for recovery. Initial resistance sits at $80.42, followed by stronger opposition at $83.08. The mathematical probability of reaching the $85-90 zone within 7-10 days stands at approximately 65%, driven by mean reversion dynamics and institutional positioning.

    Strategic Framework

    Bull case activation requires a break above the $78.89 pivot, which would trigger algorithmic buying and short covering toward the $80.42 level. Risk-reward dynamics strongly favor long positioning with defined risk management below the $74.70 support zone. The technical setup combined with positioning data suggests this correction is reaching exhaustion rather than acceleration.

    Bear case scenarios require a breakdown below $76.23, targeting the $74.70 strong support level. However, with momentum indicators this oversold and institutional positioning this bullish, downside appears limited to 5-8% maximum before aggressive buying emerges. Current levels represent asymmetric opportunity with clear upside targets and defined risk parameters.

    Blockchain.news Crypto Market

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    Debate on CLARITY Act Continues this Week as US Senate Returns

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    Debate on CLARITY Act Continues this Week as US Senate Returns

    US Senate consideration of the Digital Asset Clarity (CLARITY) Act is likely to resume as members reconvene this week after an extended Memorial Day holiday.

    Many US lawmakers and crypto industry leaders are pushing for consideration of the CLARITY Act, a crypto market structure bill introduced by Republicans and passed by the House of Representatives in July 2025.

    The bill, expected to give more authority to the federal commodities regulator over digital assets, passed two crucial committees before the one-week break. It has been debated in Congress amid pushback from industry and banking representatives over stablecoins, tokenized equities and other issues.

    “This will be actually the biggest financial regulatory bill that Congress has done in quite some time, certainly since Dodd-Frank,” Coinbase chief policy officer Faryar Shirzad said in a Monday Fox Business interview, referring to a 2010 law in response to the 2008 financial crisis.

    Coinbase chief policy officer Faryar Shirzad. Source: Fox Business

    JPMorgan CEO Jamie Dimon said on Friday that the banking industry would not accept the CLARITY Act as written, arguing that the bill allows crypto companies to pay interest on user deposits and stablecoin balances.

    This week, lawmakers in the Senate will have the opportunity to start consolidating the versions of market structure passed by the agriculture committee in January and banking committee in May, creating legislation that some in the chamber expect will be up for a vote by August.

    White House crypto adviser Patrick Witt said in May that officials were setting a target for the US’ Independence Day holiday, but it was unclear whether the bill would be ready for a vote amid pushback over ethics.

    US Senator Kirsten Gillibrand said in May that “there will be no one voting for this bill if we don’t have an ethics provision.” Lawmakers in the banking committee did not take up consideration of amendments that would have addressed ethics and conflicts of interest, with some Republicans saying that the issue was a matter for the full Senate.

    Related: Crypto market structure bill clears committee, but concerns abound before Senate vote

    Should a consolidated bill reach the Senate floor in a matter of weeks, the Republican-led chamber would still need some support from Democrats to meet the 60-vote requirement to pass the legislation and return it to the House and potentially the president’s desk. Some lawmakers, including Senator Elizabeth Warren, have called out US President Donald Trump’s ties to the crypto industry in debate on CLARITY, based on his memecoin, his family’s crypto business World Liberty Financial and other conflicts as an elected official.

    More than $1.1 million has been wagered on Polymarket on the likelihood of the law’s passage this year, with the prediction market showing a 55% chance of that happening, at last look on Monday.

    Source: Polymarket

    GENIUS Act comment period ending

    On Tuesday, the US Treasury Department, Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN) and Treasury’s Office of Foreign Assets Control will close for public comments on the GENIUS Act, a stablecoin payments bill signed into law in July 2025.

    Although at least one banking group has requested that the government agencies extend the comment period, the Tuesday deadline is expected to mark the next step in GENIUS’ implementation. According to the bill, it will go into effect 18 months after enactment or 120 days after regulators issue final rules.

    Magazine: Big Questions: Do we really only need 2–5 cryptocurrencies?

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    Strategy Trims Bitcoin Holdings With $2.5 Million Sale

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    Strategy Trims Bitcoin Holdings With .5 Million Sale

    [Update 1:57 P.M. UTC, June 1 — Updates third paragraph with share price decline in Monday morning trading.]

    Strategy sold 32 BTC last week, its first reported Bitcoin sale since a 2022 tax-loss transaction, as the company moved to fund preferred stock distributions.

    Strategy sold 32 Bitcoin (BTC) for $2.5 million at an average price of $77,135 per BTC, reducing its holdings from 843,738 BTC to 843,706 BTC, according to a Monday 8-K filing with the US Securities and Exchange Commission.

    The company’s MSTR Nasdaq-traded shares fell more than 6% following Monday’s market open, last trading at about $148.70 apiece.

    Proceeds from the Bitcoin sale are expected to be used to fund distributions on preferred stock, the company said.

    Source: SEC

    The sale came after Strategy faced increased scrutiny over its preferred stock financing model, as investors questioned whether dividend obligations could eventually pressure the company to sell some of its Bitcoin.

    The sale is Strategy’s first reported Bitcoin disposal since a 2022 tax loss transaction, when the company sold 704 BTC and repurchased 810 BTC two days later.

    Bitcoin (BTC) price chart over the past 24 hours. Source: CoinGecko

    Bitcoin slipped below $72,000 following the disclosure and traded at $71,939 at the time of writing, according to CoinGecko.

    Strategy sells $128 million in Common A stock

    In addition to selling Bitcoin in the last week of May, Strategy also offloaded 801,994 Class A (MSTR) shares, generating $128.3 million in proceeds.

    No preferred stock raises took place over the week, aligning with reports by STRC Live, which estimated that Strategy would announce no buys for the past week.

    Source: Polymarket

    The sale may have surprised some investors after Strategy executive chairman Michael Saylor hinted at possible fresh activity over the weekend.

    “Working Better” Saylor posted on X late Sunday morning to accompany a bubble chart tracking Strategy’s Bitcoin purchases over the past nearly six years.

    Saylor had not posted on X about the $2.5 million Bitcoin sale at the time of writing, prompting criticism that he has gone “radio silent” despite typically announcing new purchases immediately.

    Some industry observers had been anticipating a potential sale, with crypto intelligence platform Arkham reporting that Strategy transferred BTC to Coinbase Prime last Friday.

    Related: Strategy buys back $1.5B of debt at discount, cuts outstanding notes to $6.7B

    Strategy CEO Phong Le confirmed last week that the company might sell Bitcoin at some point in the future.

    “We’ll likely sell Bitcoin at some point in time, but we will be net increasing our Bitcoin and more importantly, increasing our Bitcoin per share,” the CEO said.

    Corporate Bitcoin demand cools as selling activity emerges

    Strategy’s sale comes as some Bitcoin treasury companies have slowed purchases or begun reducing holdings after months of accumulation.

    Nasdaq-listed ProCap Financial announced Monday it sold about 52 Bitcoin to fund the repurchase of 2 million shares of its common stock at an approximately 50% discount to net asset value. The company said the transaction increased Bitcoin exposure on a per-share basis for remaining shareholders.

    Source: Anthony Pompliano

    Broader Bitcoin treasury activity also showed signs of cooling, with firms acquiring a combined 144 Bitcoin over the past week, including purchases by DDC Enterprise, the Smarter Web Company and Capital B, according to corporate disclosures. That compares with 603 Bitcoin purchased by corporate holders in the previous week, marking a sharp week-over-week decline.

    Magazine: Big Questions: Do we really only need 2–5 cryptocurrencies?

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    AAVE Price Prediction: $75 Support Test Within 7 Days as Bears Maintain Control

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    AAVE Price Prediction: -90 Recovery Target as Oversold Metrics Signal Reversal


    Terrill Dicki
    Jun 01, 2026 08:48

    AAVE trades at $81.03 with oversold momentum and aggressive selling pressure creating 65% probability of testing $75-78 support zone before any recovery materializes.

    Technical Breakdown Accelerates

    AAVE finds itself trapped in a bear flag formation with momentum indicators painting a concerning picture. At $81.03, the token hovers dangerously close to its lower Bollinger Band at $77.90 while the RSI at 32.80 signals oversold conditions that haven’t reached capitulation levels. The MACD histogram sits flat at zero, indicating complete momentum exhaustion with neither side able to establish control.

    The moving average structure reveals systematic damage across all timeframes. AAVE trades below the 7-day SMA at $82.62, the 20-day at $92.15, and sits far beneath the 200-day at $129.61. This isn’t temporary weakness but a breakdown of long-term support structures that typically requires months to repair.

    Volume Dynamics Signal Continuation

    The derivatives market exposes a dangerous disconnect between positioning and actual money flow. While retail traders maintain bullish sentiment with 57.4% long positioning, institutional money tells a different story through aggressive sell volume dominating with a taker buy/sell ratio of just 0.61.

    This means every $100 in buying pressure faces $163 in selling aggression, creating unsustainable conditions for any sustained rally. Open interest remains stable at $44.9 million with minimal daily changes, suggesting Blockchain.news analysis of smart money waiting for lower entry points rather than defending current levels.

    Market Structure Points Lower

    The neutral funding rate at 0.0002% indicates no premium panic yet, but this changes rapidly when retail sentiment shifts. Combined with the lack of significant whale accumulation and continued selling pressure, technical indicators align for further downside.

    Immediate support at $79.91 appears fragile given current volume profiles, while stronger support at $78.80 aligns with the lower Bollinger Band trajectory. A break below this level triggers algorithmic selling programs that could accelerate the decline toward $70-72 where longer-term value buyers historically emerge.

    Price Target Framework

    AAVE faces a 65% probability of testing the $75-78 support zone within seven trading days. The combination of oversold momentum, negative moving average alignment, and aggressive selling pressure creates conditions typically resolved through further downside before any meaningful recovery.

    Recovery requires a decisive break above $84.40 resistance with accompanying volume expansion, something current market structure makes unlikely. The 30-day outlook hinges on whether AAVE can successfully defend $75 support. Blockchain.news technical models suggest successful defense could spark relief rallies toward $90-95, while failure opens pathways to $65-68 as the next major support cluster.

    Patient positioning appears optimal given current conditions, as better entry opportunities continue developing for those willing to wait for clearer technical signals.

    Blockchain.news Crypto Market

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    Sui Addresses Three Network Outages With Major Upgrade

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    Sui Addresses Three Network Outages With Major Upgrade

    The Sui Foundation, the nonprofit organization behind the Sui Network, says it has made a “major upgrade” to address issues that caused three recent outages and left the blockchain down for more than 15 hours across two days.

    Sui experienced an outage on Thursday that lasted nearly six hours and two more on Friday. The first lasted eight hours and 25 minutes while the second lasted 43 minutes, according to the Sui network’s uptime dashboard. All systems are listed as operational as of Monday.

    The Sui Foundation said in a blog post on Sunday that it applied an upgrade to fix the bugs that caused the outages. It also flagged several issues for improvement, such as better failure containment, end-of-epoch resilience and further investment in artificial intelligence agents, which helped with diagnoses, querying validator logs and assembling metrics.

    “As of now, validators have fully addressed the known issues caused by both the original gas-charging bug and the randomness-state bug, and network activity has resumed,” the Sui Foundation said. It added that “during the outages, no user funds were at risk, and the network did not revert any committed transactions when it resumed.”

    Source: Sui

    Sui had a similar outage in January, which knocked the network offline for more than six hours. Another incident occurred in November 2024, when all validators were stuck in a crash loop for about 2.5 hours. Sui is the 13th-largest blockchain by total value locked at $519 million and hosts 137 protocols, according to DefiLlama.

    Bugs introduced during software update

    The Sui Foundation said the blockchain’s two most recent outages stemmed from “crash bugs” introduced in its 1.72 software release. The bugs impacted gas charging, causing the network to charge funds before canceling transactions for insufficient balances. This created negative balances that crashed the system 

    An interim fix for the initial bug triggered the third outage. The fix aimed to bring the network back online until a permanent solution could be devised, but it had “a known issue with a low probability of causing a halt.”

    Related: CME Group expands crypto futures with Avalanche and Sui contracts 

    The Sui (SUI) token has declined since the outages. It traded at about 99 cents on Thursday before the first outage, according to data from crypto aggregator CoinGecko. It has since dropped roughly 11% and is worth about 88 cents as of Monday.

    In early May, the token climbed 50% to $1.41 following several positive developments, including a Nasdaq-listed company staking a large portion of the supply.

    Sui launched its mainnet in May 2023, aiming to be scalable and capable of processing transactions fast enough for mainstream financial institutions.

    Magazine: HYPE chases $100 target, ETH could dump below $1800: Market Moves

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    NVIDIA’s Vera CPU Redefines AI Workloads With 88-Core Design

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    NVIDIA’s Vera CPU Redefines AI Workloads With 88-Core Design


    Caroline Bishop
    Jun 01, 2026 04:58

    NVIDIA’s Vera CPU delivers 1.8x agentic AI performance over x86 chips, positioning it as a game-changer for AI factories and reinforcement learning environments.

    NVIDIA has unveiled its first in-house CPU designed specifically for agentic AI workloads, the 88-core Vera CPU. Announced at GTC 2026, Vera prioritizes high single-thread performance, memory bandwidth, and concurrency, aiming to accelerate CPU-dependent tasks in AI factories, such as Python execution, database queries, and reinforcement learning environments.

    Powered by NVIDIA’s custom Olympus cores, the Vera CPU boasts a 50% improvement in instructions per cycle (IPC) over its predecessor, Grace. With up to 1.2 TB/s of LPDDR5X memory bandwidth, the processor is optimized for high-throughput reasoning workloads, enabling smarter AI agents capable of taking more steps and executing more complex tasks. Benchmarks released on May 27 show Vera outperforming AMD EPYC and Intel Xeon processors in curated Linux and AI-adjacent tests, though all testing was coordinated with NVIDIA.

    Why the Vera CPU Matters

    As AI shifts toward agentic systems—where models take actions, execute tools, and interact with environments—the role of CPUs has expanded. While GPUs dominate training and inference, CPUs handle tasks like sandboxed code execution, data processing, and orchestration. NVIDIA’s Vera CPU integrates these functions into the “critical path,” reducing latency and improving overall efficiency in AI pipelines.

    Traditional x86 CPUs have struggled to scale with these demands, particularly due to slowing performance gains under Moore’s Law. NVIDIA’s approach with Vera shifts the focus from maximizing cores per dollar to maximizing AI output per watt and per dollar. Early testing suggests Vera’s architecture delivers 1.8x higher performance on agentic sandbox workloads compared to x86 chips, driven by its neural branch prediction, NVIDIA Scalable Coherency Fabric, and energy-efficient LPDDR5X memory.

    Architectural Innovation

    The Olympus cores inside Vera are built for branch-heavy, memory-sensitive workloads. Key features include a neural branch predictor capable of sustaining two taken branches per cycle with zero penalty and a 10-wide decode unit with advanced out-of-order scheduling. These capabilities translate to faster execution of deep software stacks like PyTorch and graph workloads. Additionally, Vera offers 40% lower memory latency compared to x86 CPUs, ensuring data is delivered on time for complex reinforcement learning loops.

    In terms of scalability, the CPU connects via NVIDIA’s Scalable Coherency Fabric, which delivers predictable core-to-core communication with 50% faster data movement than competing architectures. This predictability is crucial for reinforcement learning, where maintaining consistent evaluation loops under heavy load is key to model improvement.

    Market Position and Pricing

    NVIDIA has priced the Vera CPU at around $5,000 per unit in volume, significantly lower than the $55,000 cost of its Rubin GPUs. This reflects Vera’s role as a high-density host processor for AI factories rather than a general-purpose server CPU. A single rack can integrate up to 256 Vera CPUs, delivering up to 6x the throughput of prior-generation systems. However, the total build cost for NVIDIA’s latest AI systems, including Rubin GPUs, has ballooned to $7.8 million, driven partly by a 485% surge in memory costs.

    Vera’s launch comes as NVIDIA continues to dominate the AI hardware market. The company’s stock has reflected this momentum, with its market cap reaching $5.15 trillion as of May 30, 2026, though its share price has seen minimal daily fluctuation recently, closing at $211.14.

    Implications for AI Factories

    By addressing CPU bottlenecks and focusing on agentic workloads, the Vera CPU positions NVIDIA as a leader in next-generation AI infrastructure. Its ability to maximize AI throughput per watt and per dollar is likely to appeal to operators of large-scale AI factories, where efficiency directly impacts costs and profitability. As AI models grow in complexity and require more interaction with their environments, technologies like Vera could become indispensable.

    For investors, Vera’s success will depend on how well it performs in real-world deployments beyond NVIDIA’s controlled benchmarks. With limited access to independent testing so far, the market will be watching closely for broader adoption and comparisons with AMD and Intel’s upcoming AI-optimized CPUs.

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    Bitcoin Price Targets $78K as BTC Holders Defend ‘Strongest Near-Term Support’

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    Bitcoin Price Targets K as BTC Holders Defend ‘Strongest Near-Term Support’

    Bitcoin (BTC) is rebounding from a key on-chain support zone, putting the $78,000 level back in focus for bulls.

    Key takeaways:

    • BTC is eyeing a rebound to $78,200, the realized price of BTC held for three to six months.
    • A sustained move above this cost basis could put Bitcoin on track for a push above $100,000 by year-end.

    BTC’s short-term holders defend $71,400 cost basis

    Bitcoin rebounded roughly 2.5% over the weekend to reach $74,000 on Sunday, with the recovery beginning near $72,500.

    The local low came close to the realized price of BTC held for three to six months (orange), a cohort often used to gauge medium-term investor conviction.

    BTC realized price by age vs. price. Source: Glassnode

    realised

    Glassnode data placed that group’s cost basis near $71,400, which analyst Marcus Corvinus described as Bitcoin’s “strongest near-term support.”

    “This cohort is still holding profits, creating a strong incentive to defend the level,” Corvinus said in a Sunday post.

    The analyst highlighted $78,200 as the next potential upside target for Bitcoin because the level aligns with the realized price of BTC held for three to six months (yellow). Bulls lost the level during the October 2025 market rout.

    What happens after Bitcoin breaks above 3m-6m cost basis?

    Bitcoin’s rebound above its three-to-six-month holder cost basis (yellow) has historically preceded stronger returns over longer time frames since 2017.

    After similar breakouts, BTC has averaged a 2.3% gain over the following 30 days, a 21.9% gain after 90 days, and a 36.6% gain after 180 days.

    BTC’s 3m-6m cohort realized price vs. price. Source: Glassnode

    From Bitcoin’s current level near $74,000, that would imply upside targets of roughly $75,700 in one month, $90,200 in three months, and $101,100 in six months.

    Related: Bitcoin doesn’t need a fresh narrative to reclaim $100K: Analyst

    The signal has been more reliable over longer time frames. Bitcoin delivered positive returns in only 54.2% of cases after one month, but that hit rate rose to 66.7% after three months and 79.2% after six months.

    Bitcoin bear flag can still spoil upside sentiment

    Bitcoin’s rebound is also occurring near the lower boundary of a bear flag, keeping the technical outlook cautious.

    The pattern has developed after Bitcoin’s sharp decline from its 2026 highs at around $98,000, with the price now stabilizing near the flag’s rising support trend line.

    BTC/USD daily chart. Source: TradingView

    A rebound from this area could push BTC toward the flag’s upper boundary near $90,000, a zone that also sits close to the 0.786 Fibonacci retracement level and the three-to-six-month holder cost basis.

    That makes $90,000 the key upside target in the coming months if bulls can defend the current support area.

    Conversely, a daily close below the lower trend line would risk confirming a breakdown, opening the door to a deeper decline toward the $50,000–$60,000 range, depending on the exact breakdown point.

    In that scenario, the recent bounce from holder cost-basis support would look more like a relief move inside a broader downtrend than the start of a sustained recovery.

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    Vietnam Proposes Allowing SMEs to Use Digital Assets as Loan Collateral

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    Vietnam Proposes Allowing SMEs to Use Digital Assets as Loan Collateral

    Vietnam’s Ministry of Finance has proposed letting small and medium-sized enterprises use digital assets, virtual assets and intellectual property as collateral for bank loans.

    The proposal is part of a draft revised Law on Support for SMEs, which is open for public consultation, according to a Friday report by Vietnam News. Under the framework, businesses could secure loans using future-formed assets, property rights, intangible assets and digital or virtual assets.

    SMEs and household businesses account for more than 98% of all enterprises in Vietnam, yet outstanding loans to the segment represent only around 20% of total bank credit in the economy, per the report. The Ministry attributed the imbalance to a lack of eligible collateral, limited financial transparency and the small capital base of most SMEs.

    Many startups and technology-driven companies hold valuable software, patents or intellectual property but have no land or physical assets to pledge, the report claimed. The new proposal marks a policy shift that could open up credit access for thousands of startups and tech companies currently locked out of the formal lending system.

    Related: Bithumb enters Vietnam crypto license race with SSI Digital deal

    Vietnam wants banks to lend on business plans

    The draft also pushes credit institutions to expand lending based on credit ratings, business plans, cash flows and market potential, rather than fixed assets alone.

    Beyond collateral reform, the draft law outlines incentives for green and sustainable businesses, including preferential access to credit guarantees, concessional financing and interest-rate support for circular economy and energy-saving projects. Tax incentives and support for ESG compliance reporting are also included.

    The draft is currently open for public consultation.

    Vietnam has become one of the most active crypto markets in the world, ranking fourth in Chainalysis’ 2025 Global Crypto Adoption Index behind India, the United States and Pakistan.

    Global cryptocurrency adoption index. Source: Chainalysis

    Related: Vietnam arrests ONUS-linked suspects in alleged crypto fraud case

    Vietnam eyes Q3 launch of regulated crypto market

    As Cointelegraph reported, Vietnam could see its first regulated crypto market activity as early as the third quarter of 2026, Deputy Minister of Finance Nguyen Duc Chi said at the Digital Trust in Finance 2026 forum.

    In March, regulators opened a licensing pathway for domestic crypto trading platforms earlier this year, with five companies, including affiliates of Techcombank, VPBank and LPBank, having already passed an initial qualification round to launch the country’s first regulated exchange.

    Magazine: Guide to the top and emerging global crypto hubs — Mid-2026

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    AAVE Price Prediction: $78 Breakdown or $88 Recovery Battle This Week

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    AAVE Price Prediction: -90 Recovery Target as Oversold Metrics Signal Reversal


    Iris Coleman
    May 31, 2026 08:41

    AAVE trades at $83 with bears controlling momentum despite oversold conditions developing. Technical patterns point to either a breakdown toward $78 support or a potential relief bounce to $88 resi…

    The Immediate Setup

    AAVE sits at $83.04, trapped below all major moving averages with momentum deteriorating rapidly. The RSI reading of 36.33 shows oversold conditions building while the MACD histogram flattens to zero, creating a classic setup for volatile price swings. Taker sell volume dominates with a 0.48 buy-to-sell ratio, indicating methodical distribution rather than retail panic.

    The weekly price action reveals systematic rejection at every attempt to reclaim the 20-day SMA at $87.99. Bears maintain narrative control as Blockchain.news tracking shows persistent selling pressure across DeFi lending tokens. This consistent rejection pattern suggests institutional-level distribution occurring at higher levels.

    Key Levels Exposed

    AAVE hovers dangerously close to immediate support at $82.48. A break below this level exposes the stronger support zone at $81.92 before a potential cascade toward the lower Bollinger Band at $78.40. This represents a 6% downside risk that would complete the breakdown of recent consolidation patterns.

    Recovery attempts face immediate resistance at $83.62, with stronger barriers at $84.20. The 7-day SMA at $83.51 represents the critical reclaim level for any meaningful bounce attempt. However, with longer-term averages sloping downward, sustained moves above these levels face increasing selling pressure toward the 20-day SMA at $87.99.

    Sentiment vs Reality

    Smart money positioning reveals a stark contrast to spot market weakness. Top traders hold 66% long positions with a 1.93 ratio, suggesting accumulation during the decline. This divergence between whale positioning and spot selling creates potential for explosive moves in either direction. Blockchain.news analysis indicates this type of positioning mismatch often precedes significant volatility events.

    Derivatives markets show neutral funding rates at 0.0043% with open interest increasing 1.81% to $45.7 million over 24 hours. The lack of excessive leverage buildup combined with fresh position establishment suggests the selloff may be approaching exhaustion levels, though momentum remains bearish.

    Actionable Trade Strategy

    The technical setup presents a binary outcome scenario. Bulls should wait for decisive breaks above $84.20 with supporting volume before entering positions targeting $87-90. Risk management requires stops at $81.50, limiting downside to approximately 3.5% while maintaining favorable reward ratios.

    Bears hold tactical advantage with any bounce toward $84-84.50 presenting shorting opportunities targeting $78.40. Stop placement above $85.50 manages risk effectively given the technical breakdown and persistent selling dynamics.

    The next 48 hours determine direction as Friday’s close becomes crucial. A settlement below $82.48 opens the path to $78 targets, while surprise reversals above $85 could trigger short covering toward $90. Weekend liquidity conditions typically amplify any directional moves, making position sizing critical for managing the expected volatility surge.

    Blockchain.news Crypto Market

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