DeepBook (DEEP) led gains among the top 200 cryptocurrencies by market capitalization at the time of publication, rising more than 23% over the past 24 hours even as the broader crypto market added just 0.70%. The move followed the debut of "Predict," a new prediction market product from the DeepBook protocol, which is built on the Sui Network (SUI). The team also opened the Predict waitlist as the platform went live. Predict is designed to let users place leveraged bets on any asset across a range of price outcomes, a launch that quickly drew speculative attention. Trading activity surged alongside the announcement, with daily volume spiking 976% to more than $60 million. Charts reflected the pickup in speculation as DEEP tried to push out of a consolidation that has lasted roughly 100 days. The Choppiness Index fell sharply to 32, pointing to a stronger trend, while Chaikin Money Flow (CMF) remained below zero, indicating capital inflows were still negative. A break above the range high near $0.0380 would improve the odds of a reversal, but a daily bullish reversal would require DEEP to reclaim the most recent lower high around $0.06 as support. If confirmed, the next resistance levels to watch sit near $0.07 and $0.08, where sellers may re-emerge. On-chain signals were less uniformly supportive. Whale profitability rose after the surge, with most large holders in the green; one address showed gains of more than 307%, and several others posted double-digit returns. Data from Sui Vision also suggested some whales were beginning to take profits. Token distribution added another layer of caution: the top 10 holders control nearly 70% of the circulating supply, a concentration that may concern investors focused on decentralization. The launch of Predict is broadly constructive for DeepBook by boosting protocol activity and trading interest. Still, profit-taking and concentrated supply dynamics could limit near-term follow-through. Final Summary: DeepBook Protocol climbed 23% after launching its prediction markets product, Predict. Momentum improved, but whale profit-taking and token concentration raised concerns about the durability of the move.

Solana (SOL) traded above $87.00 at the time of writing on Wednesday, extending this week's upward move. Demand has strengthened across retail and institutional channels, supported by rising futures activity and steady spot ETF inflows on major venues. Derivatives markets are showing a clear risk-on tilt. Open interest in SOL futures has moved above $5 billion, pointing to heavier participation in leveraged trades. Short positions have absorbed a larger share of liquidations, while funding rates remain positive. The long-to-short ratio also favors longs, underscoring a bullish bias. ETF flows are adding to the support. Spot Solana ETFs have posted fresh inflows for multiple sessions, reinforcing institutional demand and aligning with a broader improvement in digital-asset sentiment. From a technical standpoint, the chart setup has turned more constructive. On the four-hour chart, SOL is holding above both the 50-period and 200-period exponential moving averages, turning them into near-term support after a breakout above a descending resistance line. Price is also defending reclaimed trendline support around $86. Resistance is concentrated between $87 and $91. Beyond that, additional pivot levels sit near $94, $97, and the $100 psychological mark. Momentum indicators continue to favor buyers, with RSI around 68 and MACD holding in positive territory. The near-term outlook remains tilted higher as futures positioning, ETF inflows, and the technical breakout continue to reinforce each other. A move toward $100 remains in focus as long as SOL holds above key support zones and leveraged activity stays supportive.

Ethereum's share of total value locked (TVL) across DeFi has dropped to 54% so far this year from 63.5%. Despite the decline, it remains the largest DeFi chain, with $45.4 billion in assets locked.

US-listed spot XRP ETFs drew net inflows of $34.2 million over the week, with only one session posting net outflows. The largest daily intake came on May 6 at about $13 million. The funds now represent roughly 1.26% of XRP's total market capitalization.

XRP traders kept a close eye on markets Friday after more than $115 million worth of the token was pulled from spot exchanges in a 24-hour span, a move that fueled talk of whale accumulation as demand for XRP-linked investment products continued to grow. CoinGlass data showed spot outflows of about $115.02 million over the past day, versus roughly $99.41 million in spot inflows, leaving XRP with a sharply negative net flow. Large withdrawals are often read as a shift into private custody rather than an intent to sell immediately, especially when expectations for longer-term upside improve. Derivatives activity also picked up. Open interest rose 3.96% to around $2.96 billion, suggesting traders are adding positions and bracing for bigger swings in upcoming sessions. The exchange drain arrived alongside fresh ETF demand. Sosovalue figures indicated XRP ETFs posted positive net inflows of $6.04 million on May 8, reinforcing bullish sentiment. XRP traded near $1.41 during the period as the broader crypto market logged modest gains. Analysts noted the token remains boxed into a narrowing range, a setup often associated with a stronger directional move. Liquidity has also thinned across several venues, and shallower order books can magnify price moves when large orders hit. Technicians cited patterns such as a falling wedge and a developing bull flag, formations that frequently precede continuation rallies once resistance gives way to stronger buying pressure. Key resistance is seen between $1.43 and $1.51; a break above that band could open the door to $1.60 and $1.73 in the next phase. On the downside, support near the daily moving average around $1.38 remains a key line to watch. Sustained trading below that level could draw additional selling from short-term participants. The post "Massive XRP Exodus Hits Exchanges as ETF Demand Signals Major Price Move" appeared first on 36Crypto.

Arbitrum's ARB extended its advance over the past 24 hours, rising 13% even as on-chain liquidity indicators continued to weaken. With crypto markets tilting more risk-on, ARB's move is increasingly being attributed to spot demand and short-term accumulation rather than fresh capital entering the ecosystem. That disconnect leaves ARB exposed as it nears a supply-heavy resistance area that could decide whether the rally holds or fades. On-chain liquidity continues to slide Arbitrum's price strength has not been mirrored by core network liquidity measures. Total Value Locked (TVL) and stablecoin supply have both trended lower, signaling softer capital participation. Since April 18, roughly $449 million has left Arbitrum's TVL, pointing to fragile conviction in the ecosystem despite the token's recent gains. DeFiLlama data show TVL slipping another 0.24% over the last 24 hours to about $1.57 billion at the time of writing. Stablecoin liquidity has also contracted. Since May 1, more than $1 billion in stablecoins has reportedly exited Arbitrum, reducing readily deployable capital on the chain. Outflows of this size are often read as weakening confidence in the network's near-term outlook, especially as rival ecosystems attract new inflows. Accumulation signals remain supportive Market positioning still suggests traders are leaning bullish. The Accumulation/Distribution (A/D) indicator indicates buyers remain in control, with accumulation volume rising to around 2.4 billion ARB at the time of writing, according to TradingView. Momentum indicators also point upward. ARB recently printed a golden cross on the Moving Average Convergence Divergence (MACD) after the MACD line moved above the signal line, a setup commonly associated with strengthening upside momentum. Key resistance sits overhead Momentum may face a major test as ARB approaches a large fair value gap above the current price. Such gaps are typically viewed as zones of inefficient price action where liquidity remains unfilled; when positioned above market price, they often function as supply areas dominated by sell-side orders. Without a decisive break above this zone, ARB could stall into consolidation or renewed selling pressure. A clean breakout could set up a further 14% advance, potentially taking ARB toward $0.173. Summary ARB is rallying even as Arbitrum's TVL and stablecoin liquidity continue to fall. A major fair value gap above price remains the key technical hurdle for additional upside.

Ethereum has reportedly moved back ahead of Solana in decentralized exchange (DEX) trading volume, a shift that would mark the first time it has led since August 2025. The change breaks a months-long period in which Solana consistently outpaced Ethereum on on-chain DEX volume, supported by lower transaction fees and a wave of memecoin-driven retail trading. If the latest figures hold, it would indicate traders are routing more liquidity through Ethereum again. Even so, the claim depends heavily on how "DEX dominance" is calculated. Rankings can vary based on whether volume is measured over 7 days, 30 days, or on a rolling basis, and whether the comparison includes all DEX protocols or only the largest ones. DeFiLlama's chain-level DEX volume dashboard is among the most commonly cited sources for this type of comparison. Short-lived surges can also distort the picture. Token launches, airdrops, and other one-off events can temporarily lift activity on a single chain without signaling a lasting shift. A multi-week lead would carry more significance than a single-day or single-week flip. Risk remains a central consideration as traders choose where to transact on-chain. Crypto exploits totaled $635 million in April 2026 alone, underscoring that security profiles can differ sharply across ecosystems. Beyond raw volume, the Ethereum-Solana rivalry influences where new DeFi protocols deploy, where institutional activity clusters, and which ecosystem attracts developers. Broader market context also matters, including changes in centralized versus decentralized trading flows tracked in CoinGecko's 2026 CEX vs. DEX activity report. Policy and enforcement developments may also shape behavior, from lawmakers' recent warnings about stablecoin competition to Australian authorities seizing $4.1 million in Bitcoin tied to darknet activity. Key signals to watch include whether Ethereum can hold the lead for consecutive weeks and whether the shift is broad-based across multiple DEXs or concentrated in a small set of pairs. Until sustained data confirms a trend, the move remains one data point in a continuing contest. Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.

Dogecoin fell 4.62% on May 7 to around $0.11, even as institutional flows turned positive again. Data showed more than $600,000 flowed into DOGE exchange-traded funds on May 5 and May 6 after several muted sessions, suggesting demand has not vanished despite softer price action. DOGE ETFs, launched last year as the first meme-coin products to reach Wall Street, have seen patchy activity compared with Bitcoin and Ethereum funds. SoSoValue data showed frequent stretches with no inflows or outflows, underscoring slower institutional participation in the segment. Flows returned after a lull. From April 28 through May 4, DOGE ETFs recorded no movement while the token price recovered steadily. The two-day pickup in inflows this week drew attention across the crypto market, with more than $600,000 entering the funds, pointing to expectations among some institutions for further upside. Technicals, though, weakened. On the four-hour chart, DOGE traded within a rising wedge, a pattern often associated with fading momentum during an uptrend. Analysts also pointed to heavier profit-taking as the token struggled to hold recent gains. If selling pressure builds, DOGE could break below the lower boundary and drift toward $0.103 this week. Momentum gauges echoed the loss of strength. Both the Relative Strength Index and Chaikin Money Flow trended lower in recent sessions, signaling diminishing buying pressure. The downside projection remained smaller than prior drawdowns, leaving scope for traders positioning for a longer-term recovery. Broader market tone improved as Bitcoin held above $82,000 over the same window, a move traders say often supports meme coins by lifting overall sentiment. DOGE stayed under near-term pressure, but renewed ETF inflows indicated institutions remain engaged despite deteriorating technical signals. Traders are now watching whether DOGE can defend the $0.10 area as selling pressure increases. Analysts said sustained ETF inflows could help stabilize trading if the wider crypto complex stays firm and Bitcoin maintains its trajectory. Tags: cryptocurrency, Doge, Dogecoin

Polygon (@0xPolygon) saw a sharp jump in network fees, bringing in $201,000 on May 8, according to data from @chainspect_app. That marks a 24% increase from a similar spike roughly a week earlier. The move comes as the $POL ecosystem ramps up efforts to position itself as a major player in the stablecoin market.