Crypto Market Update May 29: XLM Jumps 13% and Worldcoin Crashes 11%

Crypto Market Update: BTC and ETH Drops Amid ETF Filing and IPO Plans

Overall Cryptocurrency News, 29 May 2026:The crypto market stayed weak with a 0.5% decline as Bitcoin and Ethereum slipped, fear sentiment remained extreme, while ETF developments, AI integrations, and institutional activity.

Major Crypto Market Events Today

Source:  Forex Factory

Crypto Market Last 24 Hours Update: Prices, Volume & Trends

The global crypto market today reached a capitalization of $2.55 trillion, with a 0.5% downward trend in the last 24 hours, while total trading volume was recorded at $101.8 billion.

Bitcoin’s (BTC) dominance in the industry remains strong at 57.7%, while Ethereum (ETH) holds 9.49%. The largest gainers in the industry over the past day are Polkadot and the XRP Ledger Ecosystem.

Bitcoin (BTC) and Ethereum (ETH) Price Analysis:

(Note: BTC and ETH are often viewed as less volatile historically, but still risky. The data recorded from CoinMarketCap)

• Bitcoin (BTC) price today reached $73524.17, down by 1.16% in the last 24 hours, with a trading volume of $39.7 billion and a market cap of $1.47 trillion.

• Ethereum (ETH) price today is at $2007.03, fell by 0.62% in 24 hours with a trading volume of $17.7 billion and a capitalization of $242 billion.

Top Trending Crypto Coins Price in 24 Hours:

(Trending data is based on a combination of 24-hour price movement, trading volume, and CoinMarketCap.com trending metrics.)

• Bitcoin price (BTC): $73,648.22, down 0.89% in the last 24 hours, trading volume (TV): $40.06B.

• Ethereum price (ETH): $2,010.21, drops 0.59%, TV: $17.93B.

• Tether price (USDT): $0.9986, gains 0.03%, TV: $85.38B.

• BNB price (BNB): $638.02, dips 1.51%, TV: $1.37B.

• XRP price (XRP): $1.31, rises 0.62%, TV: $2.52B.

Top 3 Crypto Gainers in 24 hours (Ranked by 24-hour percentage gain):

• Stellar price today (XLM): $0.1972, surges 13.09%, trading activity $1.75B.

• Humanity price today (H): $0.2439, climbs 10.26%, trading activity $101.42M.

• Algorand price today (ALGO): $0.1141, gains 7.33%, trading activity $71.57M.

Top 3 Crypto Losers in 24 hours (Ranked by 24-hour percentage loss):

• Worldcoin price (WLD): $0.2924, down 11.48%, with trading activity of $376.65 million.

• Bitcoin Cash price (BCH): $301.63, lower by 9.60%, recording trading volume of $426.70 million.

• Monero price (XMR): $357.54, slipped 8.68%, with trading activity of $144.65 million.

Stablecoins and Defi Update:

• Stablecoins reflects 0.2% negative change over the past 24 hours, with a market capitalization of $316.8 billion and trading volume of $85.4 billion.

• The Overall (Defi) Decentralized Finance market increased 0.4% over the last 24 hours, recording a market cap of $64.2 billion and trading volume (TV) at $5 billion. Defi dominance globally marked 2.5%.

Crypto Fear and Greed Index Today

Source:  Alternative Me

The Crypto Fear & Greed Index dropped to 23 on May 29, signaling “Extreme Fear” as Bitcoin slid below $74K and major altcoins weakened. Yesterday’s score was 22, while last week and last month stood at 28 and 26, showing fear has remained dominant despite slight short-term recovery attempts.

Latest Crypto Market News Today, May 29

(Note: All of these updates affect traders, as they impact liquidity, sentiment, and potential returns, and thus must be monitored closely.)

1. Sui Mainnet Resumes After Outage: Sui mainnet temporarily stopped after a gas metering vulnerability in version 1.72 caused network failure. The team returned to normal and will come out with an in-depth report of the incident shortly.

2. Gemini Launches AI Trading Hub: The AI market feed feature, named “Command Center,” with Grok technology from Gemini, is expected to provide users with trading signals, predictions, and market analysis in real time based on their interests.

3. CFTC Defends Prediction Markets: The CFTC also sought relief from a Rhode Island court to stop the state from enforcing its regulations against federally-registered prediction markets, claiming that it has singular authority to regulate them.

4. FalconX Files an IPO: Despite the sluggish market sentiment around crypto IPOs, crypto brokerage FalconX recently filed confidential IPO documents with the SEC for an anticipated listing in late 2026.

5. Hypernova Raises $3 Million: Hypernova has raised $3 million in pre-seed financing to scale its crypto prop trading platform, which it says will be used for traders' rewards, hiring, and preparing for a public launch.

6. Grayscale Updates Hyperliquid ETF Filing: As the Hyperliquid ETF is in the midst of further discussions for approval, Grayscale has filed its fourth revised ETF listing that outlined the issuance of $113M in HYPE tokens as seed investments.

7. Coinbase listing adds o1.exchange: Coinbase has placed o1. exchange (O) on its listing roadmap, but its listing will only be official once it is technically ready and has adequate market-making support in advance of approval.

8. Grayscale Delays IPO Plans: The condition for cryptocurrencies were not favorable, with Grayscale apparently putting work on pausing its IPO plans, while other major blockchain-based businesses, including giants like CoinDesk, Coinbase, and CoinShares, announced that they are delaying their IPO plans until the recovery.

9. VanEck launches a BNB ETF: VanEck has announced the launch of the first U.S.-based BNB spot ETF backed by physically stored BNB that will impose a 0.39% sponsor fee, further leveling the access for investors to invest in US cryptocurrencies.

10. U.S. Inflation Data Mixed: U.S. jobless claims increased just a bit more than expected as Core PCE inflation ended on Monday at its current level, sending a mixed message as the economy continues to grapple with uncertainty and awaits Federal Reserve policy pressure.

Comparative Insight

Compared with the May 28 crypto update, May 29 showed slightly improved stability as the overall market decline narrowed from 1.8% to 0.5%. However, investor sentiment remained weak, with the Fear & Greed Index only marginally recovering from 22 to 23 despite continued institutional activity and ETF developments.

What This Means for Cryptocurrency Users

The users should also track volatility, approvals of the ETFs, adoption by institutions, and macroeconomic indicators, such as market fear and falling prices, which may present short-term risks and long-term buying opportunities.

Risk Context: This commentary is not about long-term conditions and is merely informational. It does not point to the price or indicate an action to take on the investment.

CoinGabbar’s Opinion

The conditions remain highly volatile and risky for short-term traders, but long-term investors may find selective opportunities in strong ecosystems such as Ethereum and Solana, as well as in institutionally backed crypto projects. During extreme fear, investors should not make any rash decisions and concentrate on risk management, portfolio diversification, and fundamentally sound assets. It could be more beneficial to build gradual momentum in high-quality projects that will be useful in the long term.

Disclaimer: The information should not be taken as financial or investment advice. Cryptocurrencies are very unstable and dangerous. You should never make an investment decision without doing your research (DYOR) and using a qualified financial advisor. All regions are not able to provide all the services or assets in question.