It's not all HYPE: Privacy and quantum-resistant coins advance as bitcoin marks time

CoinDesk1h agoUpdated 1h ago
It's not all HYPE: Privacy and quantum-resistant coins advance as bitcoin marks time
Smart Read

Your day-ahead look for May 21, 2026...

Key takeaways

  • 1Perpetual futures tokens like HYPE and LIT surged 40%+ as monthly decentralized exchange volume hit $612 billion in 2026.
  • 2Privacy and quantum-resistant coins gained 6-25% as investors seek clear use cases amid AI surveillance and quantum attack concerns.
  • 3Bitcoin and top-10 cryptocurrencies fell at least 2% in seven days, while major traditional indices show mixed signals amid inflation pressures.

Coins in this story

BTC
₹80,403.50
+1.14%
ETH
₹2,318.87
+1.82%
XRP
₹1.43
+3.36%

Why it matters

Indian retail investors should note the sector rotation away from major coins toward niche use-case narratives like privacy and quantum resistance, reflecting broader market maturation. Regulatory clarity on derivatives platforms and privacy features could significantly impact India's crypto trading landscape and institutional adoption.

Part of narrative
Regulation

Explore how Regulation is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.

Explore narrative

Related stories

Morning Minute: SpaceX Files for IPO, Shares Surprising BTC Portfolio
Decrypt1h ago60-word brief

Morning Minute: SpaceX Files for IPO, Shares Surprising BTC Portfolio

SpaceX filed for IPO and disclosed a Bitcoin portfolio, signaling corporate adoption of crypto assets. Bitcoin traded flat at $77,254 amid modest market movement. Ethereum dipped 0.77% to $2,116. The development highlights institutional interest in digital assets and potential regulatory clarity around corporate crypto holdings, relevant for Indian investors tracking global crypto trends and institutional adoption patterns.

Terraform Accuses Jane Street of Leveraging Secret Telegram Group
Decrypt35m ago60-word brief

Terraform Accuses Jane Street of Leveraging Secret Telegram Group

Terraform Labs has accused Jane Street, a major trading firm, of using a secret Telegram group to coordinate trading activity that disadvantaged the project. The allegation raises questions about market manipulation and information asymmetry in crypto trading. Jane Street has not publicly responded. This dispute highlights ongoing governance and transparency concerns within the crypto sector affecting investor confidence.

The $6 billion expiration countdown: Traders pile into $82,000 bitcoin calls ahead of May 29 expiry
CoinDesk2h ago60-word brief

The $6 billion expiration countdown: Traders pile into $82,000 bitcoin calls ahead of May 29 expiry

$6.25 billion in bitcoin options expire on Deribit May 29, with traders aggressively buying $82,000 calls betting on a breakout higher. The $75,000 strike carries heaviest put concentration at $394 million, while max pain sits $2,000 below current price at $77,250. The 0.86 put/call ratio signals modest bullish sentiment, though downward pressure remains real ahead of settlement.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.