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Blockonomi

Cryptocurrency News & Your Guide to the Blockchain Economy


06/01/2026 12:58 AM

Ethereum (ETH) Builds Short Squeeze Potential Near $2,500 as Whales Accumulate

TLDR: Ethereum (ETH) holds support despite growing short interest clustered above current price levels Whale activity remains dominant as retail traders stay cautious amid mixed market sentiment Large liquidity pools above the spot price increase the possibility of a short squeeze event Whale vs Retail Delta turns higher again, signaling renewed accumulation by larger holders [...]

The post Ethereum (ETH) Builds Short Squeeze Potential Near $2,500 as Whales Accumulate appeared first on Blockonomi.


06/01/2026 12:34 AM

XRP Inflows to Binance Fall to Lowest Level Since Early 2026 as Holding Sentiment Grows

TLDR: XRP inflows to Binance dropped to just 215 million XRP in May, the lowest recorded since early 2026. The steady decline in inflows since Q2 began reflects reduced short-term selling intent among XRP holders. Historically low exchange inflows may point to tightening short-term supply, supporting steadier price action. Analyst Ali Charts watches $1.34 channel [...]

The post XRP Inflows to Binance Fall to Lowest Level Since Early 2026 as Holding Sentiment Grows appeared first on Blockonomi.


05/31/2026 08:32 PM

Solana Records 97% Tokenized Equities Volume as SoFi, Cash App Join the Network

TLDR: Solana captured 97% of cumulative tokenized equities spot trading volume, setting a new market record this week. SoFi launched the first stablecoin from a U.S. nationally chartered bank, SoFiUSD, natively on Solana. Cash App rolled out USDC support on Solana, opening stablecoin access to millions of everyday retail users. Mayan bridged over one million [...]

The post Solana Records 97% Tokenized Equities Volume as SoFi, Cash App Join the Network appeared first on Blockonomi.


05/31/2026 08:21 PM

Binance Holds 66% of All Exchange LINK as Reserves Hit Multi-Year Lows

TLDR: Binance holds 85.1M LINK worth $766M, representing 66.4% of all exchange-held supply across platforms. LINK exchange reserves have declined from a 2022 peak of 145M tokens to roughly 85M, following a descending channel. Spot LINK ETFs recorded $8.29M in May net inflows, their weakest monthly figure since launching in late 2024. Spot LINK ETF [...]

The post Binance Holds 66% of All Exchange LINK as Reserves Hit Multi-Year Lows appeared first on Blockonomi.


05/31/2026 08:06 PM

Stablecoin Count Nears 400 as SoFi Deploys Bank-Grade Infrastructure to Match Surging Issuance

TLDR: Stablecoins on CoinGecko grew from under 50 in 2018 to nearly 400 in 2025, with issuance still rising fast. SoFiUSD became the first bank-issued stablecoin available inside a U.S. consumer banking app on May 27. SoFi’s Galileo platform serves 160 million accounts, giving SoFiUSD institutional distribution beyond its own users. SoFiUSD is fully backed [...]

The post Stablecoin Count Nears 400 as SoFi Deploys Bank-Grade Infrastructure to Match Surging Issuance appeared first on Blockonomi.


05/31/2026 07:40 PM

Stellar Lumens (XLM) Momentum Strengthens After Key Trendline Break

TLDR: Stellar Lumens (XLM) breaks multi-year trendline as weekly structure shifts into bullish phase. RSI rises above long-term resistance, confirming momentum alignment with the price breakout move. Key support at 0.2263 and resistance at 0.2730 define XLM’s short-term trading range. MACD strength and overbought RSI signal volatility risk after a sharp weekly rally expansion. Stellar [...]

The post Stellar Lumens (XLM) Momentum Strengthens After Key Trendline Break appeared first on Blockonomi.


05/31/2026 07:27 PM

Cardano Summit 2026 Canceled After Treasury Vote Falls Short of Supermajority

TLDR: The Cardano Summit 2026 was canceled after the treasury vote reached only 65.21%, missing the 66.67% supermajority required. A revised 7.8M ADA proposal replaced an original 14.07M ADA request, adding audited fund management and milestone-gated payments. Despite 135 DReps voting in favor versus 61 against, stake-weighted rules prevented the summit proposal from passing. EMURGO’s [...]

The post Cardano Summit 2026 Canceled After Treasury Vote Falls Short of Supermajority appeared first on Blockonomi.


05/31/2026 06:56 PM

USDT Market Cap Explained as $1.2B Disappears in Sudden Redemption Wave

TLDR: USDT supply fell as large redemption waves removed over $1.2B from circulation in 24 hours. Market cap changes reflect minting and burning cycles tied to stablecoin demand flows data. Chain swaps and treasury transfers can distort short-term USDT supply readings across networks. Liquidity trends in stablecoin markets often act as early indicators of crypto [...]

The post USDT Market Cap Explained as $1.2B Disappears in Sudden Redemption Wave appeared first on Blockonomi.


05/31/2026 06:44 PM

Saylor’s Latest BTC Chart Revives Strategy Bitcoin Buy Speculation Wave

TLDR: Saylor’s latest BTC chart displayed 843,738 BTC, putting Strategy’s acquisition pattern back in focus. Investors are tracking liquidity conditions and financing activity for clues on future BTC purchases. Strategy’s recent acquisition added 24,869 BTC, reinforcing its lead among corporate bitcoin holders. A 411.48 BTC Coinbase Prime transfer fueled fresh market discussion around treasury management. [...]

The post Saylor’s Latest BTC Chart Revives Strategy Bitcoin Buy Speculation Wave appeared first on Blockonomi.


05/31/2026 06:37 PM

CAKE Price Analysis: Major Accumulation Setup Puts $50 Back in Focus

TLDR: CAKE trades above a critical accumulation zone after recovering from a 96% decline from its ATH. A liquidity sweep and reclaim of support have strengthened the bullish market structure outlook. Market capitalization rebounded from $430M to nearly $500M, signaling renewed investor interest. Traders are watching resistance closely as targets at $3.45, $9.77, and $25.44 [...]

The post CAKE Price Analysis: Major Accumulation Setup Puts $50 Back in Focus appeared first on Blockonomi.



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