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Solana futures funding rate turns negative, signaling market shift

Solana’s native token SOL faced a roughly 15% correction after a rejection near $98 on May 11, with traders watching a potential support retest at around $83 on the following Tuesday. The move comes as perpetual futures funding rates shifted into negative territory, signaling greater appetite for bearish leverage and adding to the pressure from softer on-chain activity. Market data indicate SOL’s funding rate slipped to around -3% on Tuesday, down sharply from +8% just days earlier, underscoring investors’ preference for hedges or short exposure in a choppy price environment. A Friday-to-Tuesday drift kept the market away from sustained bullish leverage, with a note that funding costs tend to settle near neutral levels in calmer conditions. The price action has also intersected with a broader deterioration in Solana’s on-chain usage, compounding concerns about its near-term trajectory. Key takeaways Solana’s perpetual futures funding rate turned negative, suggesting rising demand for s...
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Bitcoin dip buyers await lower prices; is $70K next for BTC?

Bitcoin has cooled from the latest push higher as traders pivot toward liquidity-driven dynamics rather than chasing new all-time highs. Futures and order-book data point to a concentration of buyers around the $68,000–$70,000 zone, suggesting market participants are building and anchoring positions in a corridor that has become the dominant trading focus in recent months. Analysts tracking on-chain and order-book indicators note the region between $68,000 and $70,000 is now the most densely traded area on the chart since November 2025. The visible range volume profile shows heavy activity in that band, implying many positions were opened or accumulated there over the past several months. Concurrently, the bid-ask ratio has hovered in negative territory, signaling that sellers have been more assertive than buyers as markets hover near liquidation thresholds. A separate liquidation heatmap points to substantial long exposure near $74,700, with the potential for that exposure to rise to ...
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Bernstein: Bitcoin miners poised as key AI infra suppliers

Bitcoin miners are increasingly positioning themselves as pivotal players in the AI infrastructure supply chain, leveraging their control of sizable power capacity and data-center real estate to support surging demand for AI workloads. A fresh Bernstein analysis shows publicly traded miners collectively plan more than 27 gigawatts of power capacity and have disclosed AI-related agreements totaling over $90 billion, covering about 3.7 gigawatts with hyperscalers, neocloud providers and chipmakers. The finding adds a new dimension to the industry’s post-halving trajectory, suggesting energy and site access could become the true bottlenecks in scaling AI computing, even as crypto mining undergoes a notable pivot toward AI-focused data centers and high-performance computing facilities. Meanwhile, a RAND research brief released last week estimates the United States could add roughly 82 gigawatts of net available capacity by 2030, underscoring a broader backdrop of expanding demand for data-...
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CFTC Sues Minnesota Gov. Walz Over Prediction Markets Ban

The U.S. Commodity Futures Trading Commission (CFTC) has moved to block Minnesota’s new restriction on prediction markets, filing a lawsuit in the District of Minnesota that challenges Senate File (SF) 4760 as an overreach of state authority. The suit centers on the state’s prohibition of advertising, creating, operating, or otherwise facilitating prediction-market platforms, with a specific focus on event contracts tied to sporting events, military conflicts, and weather—essentially banning platforms such as Kalshi and Polymarket from listing these products within Minnesota’s borders. In its filing, the CFTC argues that Minnesota’s law conflicts with federal regulation of derivatives and event contracts under the Commodity Exchange Act (CEA), asserting exclusive federal jurisdiction over such products. The agency seeks to block the Minnesota statute on both preliminary and permanent grounds, asserting that Minnesota’s law would criminalize exchanges the CFTC has approved and event con...
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Nasdaq partners with Polymarket to list private-company contracts

Polymarket has unveiled a new class of prediction markets tied to private companies, enabling bets on events around pre-IPO firms. The offering, developed in partnership with Nasdaq Private Market, leverages Nasdaq's data feeds and market infrastructure to price contracts around fundraising rounds, valuation shifts and other corporate milestones in the private sector. The initiative marks a strategic shift for Polymarket, broadening its product lineup beyond politics, macro events, and publicly traded companies. The goal is to bring more price discovery to private markets, where data is typically scarce and opaque, and to broaden participation among traders who track private-company dynamics. The project is anchored by Nasdaq Private Market, which will provide the underlying data and the market infrastructure for the new contracts. Polymarket argues that the private-capital universe is swelling, with unicorns — privately held startups valued at $1 billion or more — attracting growi...
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Japan Ruling Party Pushes AI, Blockchain for Financial Infrastructure

According to Cointelegraph, Japan’s ruling Liberal Democratic Party (LDP) has greenlit a policy pathway to accelerate automated financial infrastructure through artificial intelligence and blockchain technology. The policy proposal, issued by the LDP Policy Research Council as part of the “Next Generation AI and Onchain Finance Initiative,” envisions using blockchain to settle payments across retail and wholesale channels, while enabling AI to autonomously execute economic activities. It also calls for clarifying the legality of yen-pegged stablecoins as part of a broader regulatory framework. In a translated statement accompanying the publication, the council asserted that expanding blockchain adoption will be pivotal to constructing the infrastructure required to keep Japan at the forefront of AI-enabled finance. The document underscored the potential to deepen international cooperation, particularly with Asian economies that maintain strong economic ties with Japan, should Japan lea...
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Warren presses OCC on approving ineligible crypto trust charters

Massachusetts Senator Elizabeth Warren has intensified scrutiny of the Office of the Comptroller of the Currency’s push to charter crypto firms as national trust banks, arguing that such moves may violate banking law and blur the lines between banking and crypto activities. In a letter addressed to OCC Acting Comptroller Jonathan Gould, Warren contends that the agency has approved at least nine national trust charters for crypto companies whose activities “appear to go far beyond the narrow set of activities permitted by law,” potentially breaching the National Bank Act. She has requested a full accounting: all national trust charter applications approved since December 2025, any conditional approvals, and all communications between the OCC and figures connected to the Trump administration, including President Trump, his family, and White House officials. Source: US Senate Banking Committee . Warren—ranking member of the Senate Banking Committee—described the charter push as a bid by c...
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