Here’s a quick summary of the crypto landscape as of Wednesday (May 20) at 8:00 pm UTC.
Get the latest information on Bitcoin, Ether and altcoins, along with a round-up of major cryptocurrency market news.
Bitcoin (BTC) It was priced at US$77,336.69, up 0.7 percent in the last 24 hours.
Bitcoin price performance, May 20, 2026.
through charts trading view.
Bitcoin bounced back from a five-day slide after the Senate voted 50-47 to curb Trump’s Iran war powers, slashing Treasury yields and oil and boosting crypto.
“The asset is far from the bullish momentum that propelled it above US$82,000 last week, a move supported by solid inflows and renewed institutional participation in spot Bitcoin ETFs,” Simon-Peter Masbani, head of business development at XS.com, told Investing News Network in an email.
“Uncertainty over the conflict with Iran continues to weigh on global sentiment after Donald Trump indicated that potential military actions have been temporarily postponed while diplomatic talks remain open.
“Rising crude oil prices are once again raising inflation concerns around the world. If energy costs remain high, price pressures could persist for a longer period of time, potentially forcing central banks like the Federal Reserve to maintain more restrictive monetary policy, which has historically limited the appeal of speculative assets like BTC.
“There is also an important technical component. Bitcoin has found psychological support near US$75,000, while the US$80,000 to US$82,000 range remains a key resistance zone. A breakout above that range could resume speculative buying and pave the way for new short-term highs.”
Ether (ETH) It was priced at US$2,130.00, up 0.7 percent in the last 24 hours. In correspondence with INN, Massabani said Ethereum is facing short-term pressure from ETF outflows and regulatory uncertainty, while being supported long-term by its infrastructure role for DeFi, stablecoins and tokenization. To regain momentum, flow stabilization and further regulatory clarity is required.
Altcoin price update
- XRP (XRP) It was priced at US$1.37, down 0.3 percent in 24 hours.
- Solana (SOL) It was trading at US$85.72, up 1.6 percent in the last 24 hours.
Today’s Crypto News to Know
Truth Social Withdraws Spot Bitcoin ETF Applications
Donald Trump’s truth is social officially abandoned Its push to launch a cryptocurrency exchange-traded fund, pulling both its applications for a Bitcoin ETF and a joint Bitcoin-Ethereum product from SEC review.
The firm behind the platform, Trump Media & Technology Group, cited a deliberate change in strategy for the sudden withdrawal.
Steve Nemtz, president of Yorkville America, the fund’s sponsor, said the restructuring of the offerings would give the company flexibility to deliver “differentiated investment strategies” that would not be possible under the current structure.
The decision to delist the ETF is a small blow to the Trump family’s vast crypto ventures, which already include an NFT collection, a meme coin, and a DeFi platform.
Meanwhile, the President is aggressively pushing against regulatory friction for digital assets on a broader scale. On May 19, Trump signed a executive Order Instructing six federal financial regulators, including the SEC and the CFTC, to streamline rules that hinder fintech firms and non-bank entities.
The Directive explicitly sets aside overly burdensome regulations that protect existing banks as unreasonable barriers, giving agency heads 180 days to systematically review and reduce barriers related to bank charter and deposit insurance.
Additionally, the order demands that the Federal Reserve conduct a parallel 120-day review to evaluate whether crypto companies should gain direct access to Reserve Bank payment services. If the Fed determines that existing law allows expanded access, it must publish transparent application processes and render a decision within 90 days.
Minnesota outlaws prediction markets, prompting federal lawsuit
The jurisdictional war over cryptocurrency prediction markets has officially reached boiling point after Minnesota became the first state in the country to impose a blanket ban on the platforms.
On Monday, Governor Tim Walz signed a landmark bill making it a crime to create, operate, manage or advertise any prediction market within state lines. The aggressive move stems from a growing bipartisan consensus among state regulators that betting on sports, politics and pop culture is unlicensed, illegal gambling.
However, the federal government completely disagrees with this. Within hours of the bill’s signing, the Commodity Futures Trading Commission (CFTC) and the Department of Justice launched a. massive federal lawsuit Seeking a preliminary and permanent injunction against Minnesota, against the law.
The complaint accuses state leaders of a “flagrant and unprecedented intrusion” into the CFTC’s exclusive regulatory jurisdiction.
CFTC Chairman Mike Selig also accused Governor Walz of prioritizing special interests over American farmers, who rely on traditional program contracts to hedge against agricultural risks.
Polymarket to offer private company prediction contracts
PolyMarket has partnered with Nasdaq Private Markets to offer private-company prediction contracts that will allow users to trade event outcomes tied to private-company milestones such as IPO timing, valuation range or secondary-market activity.
This collaboration represents a significant expansion for prediction markets, moving beyond politics and sports into the realm of corporate finance and private equity valuations.
The Nasdaq Private Market will supply transaction and valuation data used to settle the contracts.
Deloitte acquires BlockNative
Global professional services giant Deloitte is aggressively expanding its digital asset capabilities Acquisition of BlockNativeA leading blockchain infrastructure firm.
Founded in 2018, BlockNative established itself as a significant player in the crypto ecosystem, specializing in real-time mempool monitoring, transaction orchestration, and highly accurate gas fee predictions through its decentralized oracle network. With the acquisition now finalized, the BlockNative team is ready to turn its attention solely to driving Web3 innovation across Deloitte’s vast global client portfolio.
As a result, BlockNative’s public-facing operations are officially shutting down, with its API and gas network services set to be completely shut down by June 19th.
It is currently unclear whether the entire BlockNative team will successfully transfer to Deloitte.
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Securities Disclosure: I, Gian Liguid, do not have any direct investment interest in any of the companies mentioned in this article.
Securities Disclosure: I, Megan Seiter, do not have any direct investment interest in any of the companies mentioned in this article.
Editorial Disclosure: Investing News Network does not guarantee the accuracy or completeness of information provided in interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of Investment News Network and do not constitute investment advice. All readers are encouraged to do their due diligence.
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