CoinDesk 20 performance update: NEAR surges 19.4% as index trades flat
Internet Computer (ICP), up 4.3% from Thursday, joined NEAR Protocol (NEAR) as a top performer....
Key takeaways
- 1NEAR Protocol surged 19.4% while CoinDesk 20 Index remained flat at 2085.44 on May 22, 2026.
- 2Internet Computer (ICP) gained 4.3% as 14 of 20 assets in the index traded higher.
- 3SUI and XRP lagged with declines of 2.6% and 1.0% respectively during the same period.
Coins in this story
Why it matters
NEAR's significant outperformance signals strong sector momentum in layer-1 blockchains, which Indian investors tracking diversified crypto exposure should monitor. The CoinDesk 20's flat performance despite individual asset volatility highlights the importance of portfolio composition and selective asset picking in volatile markets.
Explore how Regulation is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Congress hits Polymarket and Kalshi with a massive insider trading probe
House Oversight Committee opened an investigation into prediction market platforms Polymarket and Kalshi, fearing U.S. government employees may exploit classified information for profit. Rep. James Comer demands internal records and proposes legislation barring Congress members and officials from participating. The probe follows bipartisan scrutiny over national security risks and insider trading concerns as prediction markets surge toward projected $1 trillion volume by 2030.
IREN co-founder says AI’s biggest bottleneck is infrastructure, not chips
IREN co-founder Dan Roberts argues AI infrastructure—power, land, data centers—is now the biggest constraint, not chips. The company operates a vertically integrated platform spanning physical infrastructure, GPUs, and enterprise software across 5 gigawatts globally. IREN secured a $3.4 billion AI cloud contract with NVIDIA for Blackwell deployments, positioning infrastructure ownership as a competitive advantage as AI demand accelerates worldwide.
Trump Media moves another $205 million in bitcoin as losses on crypto bet swell to $455 million
Trump Media transferred 2,650 bitcoin ($205 million) to Crypto.com, intensifying concerns about its struggling crypto strategy. The company's bitcoin losses now total $455 million as holdings trade far below their $118,522 average purchase price. This follows the withdrawal of its spot bitcoin ETF application amid severe financial pressure—Q1 showed a $405.9 million loss on minimal revenue.