to leave a comment.
Hello everyone! The energetic Senior Analyst of the blockchain market is back. On May 30, 2026, the market showed truly dynamic movements today. Amidst seemingly complex market conditions, I'll break down the key points we should focus on in an easy and interesting way. Groundless optimism is forbidden! We will always analyze coolly based on facts and figures.
Recently, discussions on blockchain industry regulation have been heated in the United States. In particular, the passage of the 'Clarity Act' is receiving significant attention, with key figures like SEC Chairman Paul Atkins and Senator Cynthia Lummis urging its swift passage, stating that the bill will support the growth of the U.S. crypto hub. This can be seen as a positive sign that the U.S. is seeking to provide clear regulations and legal certainty instead of driving crypto industry innovation overseas.
However, not all opinions are in agreement. JPMorgan CEO Jamie Dimon strongly opposed the stablecoin provisions of the Clarity Act, declaring an all-out war. His stance is that it is problematic to allow cryptocurrency companies to pay interest on deposits or stablecoins without the protection mechanisms that banks are entitled to. This tight tug-of-war between regulators and traditional financial institutions is expected to continue.
Nevertheless, there is also hopeful news. The U.S. Commodity Futures Trading Commission (CFTC) has for the first time approved Kalshi's Bitcoin perpetual futures product, 'BTCPERP'. This opens the door for legally trading Bitcoin perpetual futures on regulated platforms within the U.S. Coinbase also announced its plan to offer global cryptocurrency derivatives market services to U.S. institutional investors under CFTC regulation, which can be considered a good sign for the expansion of the derivatives market within the institutional framework. This is because it can bring more liquidity and efficiency to the market.
The Bitcoin market has recently shown some instability. With funds continuously flowing out of spot ETFs for 9 consecutive trading days, concerns about slowing institutional investor demand are growing. Funds have also exited BlackRock's IBIT, and analyses even suggest a shift in sentiment on Wall Street, with investors moving from Bitcoin to AI.
Some analysts have issued strong warnings that Bitcoin could re-enact the nightmare of a 57% crash, or plummet to $44,000 if the $71,000 support level breaks. The CEO of CryptoQuant even diagnosed that if the current trend is considered a bearish reversal from October 2025, this bear market could last until early 2027. Such a flood of negative forecasts can instill great fear in investors.
However, even amidst such fear, we must seek opportunities. Experts like Raoul Pal emphasize that Bitcoin is still undervalued and is in a long-term uptrend. Pomp's prediction that Bitcoin could reach $1 million amid concerns about the falling value of the U.S. dollar is also noteworthy. News that the Texas state government is actively managing its Bitcoin strategic reserve and planning additional purchases, and that real estate magnates are 'buying the dip' in Bitcoin during downturns, shows that big players who believe in Bitcoin's long-term value still exist.
Furthermore, on-chain data indicating accelerated fund inflow as Bitcoin's price nears $70,000 is also a positive sign. The almost doubling of accumulated volume in the $72,000-$75,000 range means that strong buying pressure is forming at these price levels. This shows that while short-term volatility is high, there is still active movement to seize buying opportunities at specific price points.
Ethereum is also going through a difficult period. Warnings have emerged that if the $1,850 support level breaks, it could fall to $1,000, and spot ETFs have seen 13 consecutive days of net outflows. On-chain analysis also suggests dominant short-term downward pressure. However, with analyses predicting a potential return to $3,000, it seems correct to view Ethereum as currently experiencing growing pains.
XRP has suffered from fears of a $1.28 support breakdown, giving back all its early May gains. Gloomy forecasts even suggest a further drop to $0.86 if the $1.3 support breaks. However, on-chain payment activity is surging, showing signs of rekindled investor sentiment. The fact that Morgan Stanley holds XRP-related ETFs and the analysis that Ripple's banking license issue could trigger an XRP price increase make us anticipate XRP's long-term potential.
Solana also faced warnings that if the $80 support level broke, it could go straight to $60. However, the news that it is growing its presence in app revenue, decentralized exchange trading volume, and the on-chain lending market, even pushing out Ethereum, is very encouraging. This is a good sign that, regardless of price volatility, the actual use and growth of the Solana ecosystem are steadily progressing.
On the other hand, memecoins like Shiba Inu and Dogecoin are experiencing difficult times as the speculative frenzy cools down. Prices falling despite surging burn rates, or losing support levels and returning to dangerous zones, once again remind us to be cautious when investing in memecoins. Cardano is also facing criticism that technology alone is not enough, highlighting the growing importance of marketing.
Significant changes are also being detected across the blockchain industry. News that cryptocurrency VC investment in Q1 plummeted by 50% quarter-over-quarter indicates an overall market downturn, but the high number of small-scale seed and early-stage investment cases still means that innovative projects are emerging.
The Korean market is particularly noteworthy. According to Tiger Research, the Korean cryptocurrency market is rapidly restructuring from a retail investor-centric market to an institution-centric one. Banks, securities firms, and large corporations are actively engaging in exchange equity acquisitions, STOs (security tokens), stablecoins, and custody services. A prime example is Hanwha Investment & Securities and OKX investing in Coinone, becoming joint third-largest shareholders. Furthermore, the news that Coinone obtained a court injunction against the financial authorities' partial business suspension sanction is a significant event demonstrating that the regulatory environment in the Korean market is gradually becoming clearer.
Efforts to integrate blockchain technology into actual financial services are also actively underway, such as Mastercard collaborating with Chainlink to build a payment infrastructure directly connecting fiat currency to on-chain protocols, and the Milk development company applying for a patent for a stablecoin payment system. This is strong evidence that blockchain technology has the potential to be usefully applied in real life, beyond being a mere speculative asset.
Today, the blockchain market was once again filled with numerous news items. Rather than being swayed by short-term price fluctuations, it is crucial to understand market trends and technological advancements from a long-term perspective. Changes in the regulatory environment, movements of institutional investors, and the expansion of real-world applications are clearly changing the big picture of the market. We must not miss these currents of change and continue with wise investments. I'll be back with more valuable news next time!
to leave a comment.