Hyperliquid's HYPE token climbed to a new all-time high of $66.84 after an initial sell-off tied to the CFTC's approval that enables Kalshi to offer the first U.S.-regulated perpetual futures. The move followed a brief 3% drop to $62 as traders weighed whether a regulated U.S. venue could divert some institutional liquidity from DeFi derivatives.

On 29 May 2026 at 19:24, Bitcoin briefly touched $74,000 after Donald Trump posted what he described as emerging US-Iran deal conditions on Truth Social. The price later eased to $73,700, with traders watching resistance at the 0.382 Fibonacci level of $74,155 and support near the SMA100 at $73,060.

Coinbase said on Friday, May 29 that it received approval from the U.S. Commodity Futures Trading Commission (CFTC) to broaden regulated access to global crypto derivatives for U.S. traders. The exchange said it is now the first CFTC-regulated futures commission merchant (FCM) able to offer crypto perpetual futures and options in the U.S., with institutional access to global options via Deribit. CEO Brian Armstrong added that U.S. users had previously been excluded from about 80% of the global crypto market due to limits around perps and options.

Algorand (ALGO) rose 14% on Friday as some traders shifted attention from Bitcoin (BTC) and Ethereum (ETH) into utility-focused Layer-1 DLT coins, with Stellar (XLM) also showing strength. Technical watchers highlighted a Money Flow Index spike and said ALGO needs to hold above $0.118 to reduce bull-trap risk, while others pointed to a 2023-style pattern that previously preceded a push toward $0.28.

Kalshi said Friday it will seek to launch perpetual futures contracts, starting with crypto perps, positioning them as a regulated option for U.S. traders. The company said offshore perpetuals expanded from $28 trillion in annual volume in 2023 to more than $90 trillion in 2025, and that its products would be offered under Commodity Futures Trading Commission supervision.

Between May 26–28, 2026, NEAR Protocol rose 15%, Worldcoin (WLD) gained 17%, and Render (RNDR) climbed 15% even as Bitcoin fell 7.8% and Ethereum dropped 9.4%. The move came during a risk-off stretch that included $897 million in long liquidations and a Fear & Greed Index reading of 33. The article argues AI-linked tokens are increasingly trading as their own sub-sector, supported by adoption narratives and the $11.78 billion AI agent market estimate for 2026.

On May 29, 2026, SUI traded around $0.905, down 2% on the day and roughly 18% on the week after losing the $0.927 0.786 Fibonacci level and an ascending trendline. The token is also below SMA50 ($1.005), SMA100 ($0.967) and SMA200 ($1.218), while the next chart support is flagged near $0.80–$0.82 and $1.030 (0.618 Fib) is described as a key resistance zone.

Arbitrum has put forward a governance proposal to extend funding for the Arbitrum Foundation through 2027, requesting $16 million in RWAs and stablecoins, 1,740 ETH, and 230 million ARB. Market participants estimate the package is worth roughly $43 million at current prices, while the filing lists 2025 gross profit at about $23.49 million and highlights ongoing growth in activity and assets on the network.