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Cryptos end week with a whimper, stocks rally despite another hot inflation reading

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Cryptos end week with a whimper, stocks rally despite another hot inflation reading

(Kitco News) – The cryptocurrency market ended the week with a whimper as Bitcoin (BTC) continued to consolidate near support at $64,000 while most altcoins recorded slight losses. 

 

The weakness comes as the Federal Reserve’s preferred inflation gauge – the core Personal Consumption Expenditures (PCE) index – showed that inflation remains higher than preferred, rising 2.8% over the prior year in March, above estimates for 2.7% 

 

Stocks rallied despite yet another inflation reading coming in hotter than expected as the earnings reports from Alphabet and Microsoft spurred hopes of a Big Tech rally for investors. 

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At the closing bell, the S&P, Dow, and Nasdaq finished higher, up 1.02%, 0.40%, and 2.03%, respectively. The DXY gained 0.41% in response to the PCE report, and trades at 106.02 at the time of writing, while the U.S. 10-year Treasury yield fell by 88 basis points to 4.665%. 

 

Data provided by TradingView shows that Bitcoin traded in a range between $63,300 and $64,825, with bulls and bears evenly matched for strength. 

 

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BTC/USD Chart by TradingView

 

At the time of writing, Bitcoin trades at $63,970, a decrease of 1.27% on the 24-hour chart. 

 

Coin toss for Bitcoins future

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“After a nice reaction from the $62.8k area yesterday, Bitcoin pushed back towards the Weekly Open at $65k,” said Market analyst CryptoChiefs. “This continues to be strong resistance as still we have not seen any 4-hour candle close above it. This is a big level to flip, but just above that we also have strong downtrend resistance.” 

 

 

“The orange trendline has been resistance for almost 3 weeks, so keep an eye on the reaction if this is tested,” he said. “Any further move down from here, the DM VAL has yet to be tested.”

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According to market analyst Castillo Trading, it’s currently 50/50 whether the crypto market will head lower or climb higher from here, but he will personally be buying any dips. 

“I am okay with this market boring participants out of it. That seems to be the point before we see big moves higher,” he added. “The fact we haven’t broken down is a sign of stability to me. Support is acting as support.”

 

And according to MN Trading Founder Michaël van de Poppe, the boring price action for Bitcoin could continue for the next three to six months, which means that the altcoin market could see an increase in activity. 

Altcoins end the week lower

 

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The vast majority of tokens in the top 200 recorded losses on Friday after the hotter-than-expected inflation reading prompted many traders to reevaluate their risk exposure. 

  

Daily cryptocurrency market performance. Source: Coin360

 

Rising despite the widespread downturn was BinaryX (BNX), which gained 18.5% to trade at $1.06, while Helium (HNT) climbed 7.35%, and Neo increased 6.7%.  A 14.3% pullback for cat in a dogs world was the biggest loss on the day, followed by declines of 9.8% for Arweave (AR) and Pendle (PENDLE). 

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The overall cryptocurrency market cap now stands at $2.36 trillion, and Bitcoin’s dominance rate is 53.4%.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Polymarket Targets Japan Market Entry, Appoints Representative in Push for 2030 Approval

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Polymarket Targets Japan Market Entry, Appoints Representative in Push for 2030 Approval

Key Takeaways

Japanese Market Entry With a Strong Lobby Push

Polymarket, the blockchain-based prediction market that hit its first $10 billion monthly trading volume in March 2026, is making a calculated push into one of Asia’s largest and most regulated financial markets. Bloomberg reported on May 22 that the company has appointed Mike Eidlin as its Japan representative and is preparing to lobby regulators and lawmakers for authorization to operate prediction markets locally, with approval targeted by 2030.

Image source: Bloomberg

Polymarket sees Japan as a large, untapped opportunity given that the country has one of Asia’s most developed retail investor bases and a strong appetite for speculative trading products. Prediction markets, however, currently sit in a legal grey area in Japan (neither explicitly authorized nor outright banned), meaning any formal operation at scale would require either a new regulatory category or a legislative amendment.

Japan has long been a bellwether for crypto regulation in Asia. Following the 2014 collapse of Mt. Gox, it was among the first countries in the world to implement a formal licensing framework for crypto exchanges, requiring all platforms to register with the Financial Services Agency (FSA). And, while that framework has expanded steadily, it has not yet addressed prediction markets as a distinct product class.

Polymarket Bets on Japan After $10B Trading Month

The 2030 approval timeline is deliberate because Japan’s regulatory process is, by any measure, extremely meticulous, and any new product categories, especially those tied to decentralized finance ( DeFi) infrastructure and crypto-collateralized markets, typically require extended review periods (sometimes extending into years).

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Polymarket’s decision to appoint a representative now and begin lobbying early signals that the company is treating Japan as a long-term institutional project rather than an opportunistic expansion.

The move follows a string of platform milestones that have significantly raised Polymarket’s profile recently. Earlier this year, it received Commodity Futures Trading Commission (CFTC) authorization to operate as a designated contract market (DCM) in the U.S., a milestone that allowed it to launch perpetual futures trading.

Subsequently, in April, it introduced Polymarket USD, a new stablecoin that replaced bridged USDC.e as its primary collateral, alongside a smart contract infrastructure upgrade that cut gas fees.

Behind these offerings, the platform drew 678,342 unique users in April alone, more than eight times the implied user base of rival Kalshi. It has also been in talks to raise $400 million at a $15 billion valuation, reflecting broader investor confidence in the prediction market sector’s commercial potential.

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New Cryptocurrency Pepeto Takes $10 Million as Solana Drops and Cardano Stays 92% Below Its Peak

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New Cryptocurrency Pepeto Takes  Million as Solana Drops and Cardano Stays 92% Below Its Peak

The Senate Banking Committee passed the Clarity Act in a 15 to 9 vote, giving crypto its first real regulatory framework from Washington. Bitcoin jumped to $82,000 on the news before dropping to $77,800, but the new cryptocurrency pulling the most capital right now is not on any major exchange yet. Pepeto https://pepetocoin.com/ has collected more than $10 million in a presale led by the same person who created the original Pepe coin, and the approaching Binance listing is where early wallets plan to collect.

New Cryptocurrency Interest Grows as the Clarity Act Clears Its First Senate Hurdle

The Clarity Act passed the Senate Banking Committee on May 14 in a bipartisan 15 to 9 vote, according to CNBC, marking the first wide ranging crypto regulation bill to clear a Senate panel. Bitcoin hit $82,000 on the vote before inflation data sent it down to $77,800, triggering $580 million in liquidations across crypto, as CoinDesk reported. The new cryptocurrency space benefits because the bill splits oversight between the SEC and CFTC, which clears the fog that kept serious capital on the sidelines.

Where Regulation Meets the Presale Entry That SOL and ADA Cannot Match

Pepeto: The Trading Hub That Protects Capital While Large Caps Bleed

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Speed decides everything in crypto, and a single candle can turn a winning position into a loss before most wallets notice. Tokens that climbed 10% on the Clarity Act vote gave it all back within hours when the inflation numbers landed. Wallets without the right tools to check what they are buying or move fast enough between chains end up watching others profit.

That exact gap is where Pepeto https://pepetocoin.com/ sits, and the trading hub fills it for every wallet that enters. This is not a project waiting to go live. Every tool runs today. Worried about a contract that could drain capital? The risk scorer reads the code and flags danger before a single token leaves. Need to transfer assets across chains without bridge fees? The cross chain bridge moves them at zero cost, so every dollar arrives whole.

The trading hub is shaped for speed and clarity at every level, and the cofounder behind the original Pepe coin built this from the ground up while SolidProof completed a full audit on every contract to make sure the money inside stays protected. Staking earns 172% APY while the listing draws closer.

Analysts project this new cryptocurrency at 100x to 300x from its presale entry of $0.0000001871, and that ceiling sits far above anything Solana or Cardano can offer from their current levels. More than $10 million in committed capital already sits in the presale, and the approaching Binance listing is what turns those positions into gains. That listing ends the presale permanently, and every day outside costs ground to the wallets already inside.

https://www.youtube.com/watch?v=gPX8yXeLk00

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Solana (SOL)

SOL trades at $87.26 after dropping 5% in a single session following the inflation selloff, according to CoinMarketCap. Goldman Sachs exited its Solana ETF position in Q1 2026, and even with the Firedancer upgrade moving forward, the $293 peak sits 71% above current levels. That math gives roughly 3.5x, which makes SOL a recovery play but not the new cryptocurrency entry that changes a portfolio.

Cardano (ADA)

ADA sits at $0.25 with a market cap that has barely moved since early 2026, according to CoinMarketCap. The chain remains 92% off its $3.10 peak, and no DEX on Cardano competes with the volume top exchanges handle. Even a return to $1 delivers roughly 4x, which is steady recovery but cannot compete with the multiplier a presale entry offers.

The Verdict

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The Clarity Act gives every new cryptocurrency a clearer path, and Bitcoin’s jump to $82,000 proved the market agrees. But the biggest returns never come from large caps that already ran. Analysts project Pepeto at 100x to 300x, and that number stays on the table while the presale remains open. Every cycle produces winners who entered during fear and collected during recovery, and the $10 million committed to Pepeto while the market dropped follows that same pattern. The Pepeto official website shows the window is still open, and the wallets entering now will be the ones everyone reads about when the listing hits.

Click To Visit Pepeto Website To Enter The Presale: https://pepetocoin.com/

FAQs

Is a new cryptocurrency like Pepeto safe to enter?

SolidProof audited every contract and the same person who built the original Pepe coin leads this project. More than $10 million committed in a bearish market confirms the conviction behind it.

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Which new cryptocurrency gains most from the Clarity Act?

Pepeto’s approaching Binance listing and working tools position it as the new cryptocurrency set to benefit most as clearer regulation pulls fresh capital into presales.

How does Pepeto compare to SOL and ADA for returns?

SOL offers roughly 3.5x to its peak and ADA about 4x from here. The Pepeto official website shows a presale entry where analysts project 100x to 300x returns from the current price.

Disclaimer:

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The material presented here is for informational purposes only and does not represent financial advice. Cryptocurrency investments involve high levels of volatility and risk, including the potential loss of your initial investment. Always consult a licensed advisor or conduct independent research.

Contact: Dani Bonocci

Website: https://www.tokenwire.io

Phone: +971586738991

SOURCE: Pepeto

Press release distribution

This release was published on openPR.

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Community Is King: Why Wadoozie Is Ditching Online Hype for Real-World Participation

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Community Is King: Why Wadoozie Is Ditching Online Hype for Real-World Participation

This episode features two guests from the Wadoozie team. The project is led by Mr. Wadoozie, Senior Internet Architect Engineer of Software, who brings more than a decade of experience in the cryptocurrency industry. He is joined on this episode by Tay, Operations Manager, who has a background in marketing and management and has run operations for multiple crypto projects.

The token launches with a roughly one billion effective supply (two billion minted, 999,999,999 burned at launch), 0% buy/sell tax, a DAO-governed locked liquidity pool, and a renounced contract — every parameter publicly verifiable on Etherscan and audited by CertiK.

At the center is Wadoozie himself: a returning signal that takes a character’s form, traveling the country by tour bus to “activate” each state as a node in a fractured cultural network the mythology calls The Feed. The mission is structured as eight narrative Acts opening with the Austin Flagship and closing back in New Orleans, with seven Flagship cities — Austin, Los Angeles, Las Vegas, Chicago, NYC, Miami, and Nashville — anchoring the arc across roughly four and a half months. After the 48 states wrap, the network expands to Europe.

About Our Guests

Mr. Wadoozie is the Senior Internet Architect Engineer of Software on the project, with more than a decade of experience in the cryptocurrency industry. He sits at the center of the mission — the returning signal that takes a character’s form, traveling the country by tour bus to activate each U.S. state as a node in a fractured cultural network the mythology calls The Feed.

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Tay is the Operations Manager at Wadoozie, with a background in marketing and management and prior operations experience across multiple crypto projects. Tay runs the @wadoozie X account and sets the public voice of the mission as the network activates one state at a time. On this episode Tay represents the operational side of the project — the people moving the bus, dropping the Signal Fragments, and building out the Publishers Network across the 48-state route.

To learn more about the project visit Wadoozie.com, and follow the team on X, Telegram or Discord.


The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance ( DeFi), NFTs and the Metaverse. Follow us on iTunes or Spotify.


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