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Pinterest says that engagement with WNBA-related content is on the rise in the app.

The project will benefit from Meta’s work in compacting AR components.

It’s also adding more Stories-like options, including the ‘Add Yours’ sticker.

YouTube continues to enhance its livestreaming elements.

A New Jersey county is set to tokenize $240 billion worth of property deeds after signing a deal with the blockchain-backed land record management firm Balcony.

Balcony said on May 28 that it signed a five-year deal with the Bergen County Clerk’s Office to tokenize 370,000 deeds on the Avalanche blockchain, adding that this was “the largest blockchain-based deed tokenization project in US history.”

Bergen County is New Jersey’s most populous county and is located northwest of Manhattan in New York City across the Hudson River. Bergen County has nearly 1 million residents, producing around $500 million in annual property tax revenue.

$240B in real estate is coming on-chain.@balconytech is working with Bergen County and multiple other NJ municipalities to digitize property records, and it’s powered by Avalanche.

This is the largest blockchain deed initiative in U.S. history. pic.twitter.com/aeI0t5nffp

— Avalanche🔺 (@avax) May 28, 2025

The deal was backed by Blizzard, an Avalanche-focused venture capital fund.

Balcony said the project will allow Bergen County to obtain a tamper-proof, searchable chain of title across all of its 70 municipalities.

Balcony expects the integration will cut deed processing times by over 90% while reducing the risk of fraud, title disputes and administrative errors. 

Balcony CEO Dan Silverman said the project was a “turning point” for government record systems and real estate.

“We’re demonstrating how secure, distributed systems can replace outdated infrastructure and deliver real-world value for both governments and the public.”

Balcony plans expansion in New Jersey and beyond

Balcony said it is working with several other counties in New Jersey — including Camden, Orange and Cliffside Park — to modernize their real estate management records.

Related: Crypto leaders are wrong about tokenized property

It said that Orange County lost nearly $1 million in municipal revenue due to incomplete and outdated records under the current management system, highlighting the need for a more effective solution.

The tokenization of 370,000 property deeds in Bergen County brings the total number of tokenized deeds in New Jersey to approximately 460,000.

Balcony said it intends to expand beyond New Jersey in the future.

Magazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs: Inside story

Chip-making giant Nvidia has posted mixed results in its first quarter earnings, beating Wall Street expectations on revenue but missing predictions on its income amid US restrictions on its exports to China. 

In earnings released May 28 for its first quarter of the 2026 fiscal year ended April 27, Nvidia reported revenues of $44.1 billion, up 12% from its previous quarter and 69% from a year ago and beating Zacks analyst estimates of $42.91 billion by nearly 2.7%.

However, the chip maker posted an earnings per share of 81 cents, missing analyst estimates of 85 cents per share. Nvidia recorded a net income of $18.8 billion, up 26% compared to a year ago.

In an earnings call, Nvidia founder and CEO Jensen Huang said that the “global demand for Nvidia’s AI infrastructure is incredibly strong” as countries start recognizing “AI as essential infrastructure — just like electricity and the internet.”

“AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate,” he said.

US export rules to deliver $8 billion hit 

Nvidia said the lower-than-expected income resulted from a $4.5 billion charge due to the US government’s restrictions on exporting its high-powered H20 artificial intelligence chips to China.

In its outlook for its Q2 results, the company said it expects revenues around $45 billion, which “reflects a loss in H20 revenue of approximately $8.0 billion due to the recent export control limitations.”

Nvidia will reportedly launch a new lower-cost AI chip specifically for China, with mass production expected to start in June.

Nvidia’s data center revenue accounted for most of the firm’s total revenues, hitting $39.1 billion, up 10% from the previous quarter.

Related: El Salvador works with Nvidia to develop sovereign AI infrastructure

Shares in Nvidia Corp (NVDA) closed trading on May 28 down 0.51% at $134.81 but rallied 4.89% after the bell on its results to $141.40, according to Google Finance.

Huang has previously said his firm is focused on being at the forefront of agentic AI as the race around the tech heats up.

Other US firms have also begun ramping up AI expansion. Microsoft said in September that it was establishing two AI centers in Abu Dhabi.

At the same time, Bitcoin (BTC) mining companies have been diversifying their income streams to include AI, converting some of their crypto mining operations to help run compute-intensive large language models.

Magazine: Move to Portugal to become a crypto digital nomad — Everybody else is

A US federal court has frozen around $57.65 million worth of the stablecoin USDC in a class action case over the controversial Libra memecoin.

Onchain data shared with Cointelegraph by the class group’s lawyer, Max Burwick, shows nearly $57 million worth of USDC (USDC) was frozen on May 28 after a Manhattan court agreed to a temporary freeze.

“Yesterday, a federal court in SDNY [Southern District of New York] entered a Temporary Restraining Order at our request, Burwick Law, supported by Tim Treanor, freezing approximately 57.65 million USDC held at Circle,“ Burwick told Cointelegraph.

He added that the court is scheduled to hold a hearing on June 9 to determine whether the assets will remain frozen as the class-action lawsuit progresses.

Burwick is representing Omar Hurlock and other plaintiffs in a class-action suit against crypto venture firm Kelsier Ventures and its three sibling co-founders, Gideon, Thomas and Hayden Davis, on March 17, alleging they created the Libra (LIBRA) cryptocurrency and misled investors to siphon over $100 million from one-sided liquidity pools.

The suit also named blockchain infrastructure companies, KIP Protocol and its CEO, Julian Peh, along with Meteora and its co-founder, Benjamin Chow, as defendants.

Chow’s lawyer, Kelsier Ventures and KIP Protocol were contacted for comment. 

LIBRA reached a $4 billion market cap following an X post from Argentine President Javier Milei on Feb. 14 before crashing 94% hours later.

The saga caused a political scandal for Milei, prompting members of Argentina’s opposition party to call for his impeachment, though little traction was gained beyond those statements.

Data from polling platform Zuban Córdoba in March suggested that the Libra scandal negatively impacted Milei’s image and the national management approval rating.

Two Solana wallets with total USDC balances worth $57.65 million were frozen on May 28 at 3:15 am and 3:18 am UTC.

Data from Solana’s blockchain explorer, Solscan, shows that the address “3Fwr…ZQpK” had $44.59 million worth of the stablecoin frozen, while a little over $13 million was frozen from the wallet address “3nHw…xNgH.”

Both wallets were frozen by the Multisig Freeze Authority, Solscan data shows.

Milei closes Libra investigation in Argentina

On May 19, Milei signed a decree to shut down a task force established to investigate the Libra scandal.

Related: Solana may be a memecoin ‘one-trick pony’ — Standard Chartered

No action was taken against Milei or any other Argentine official allegedly tied to the scandal.

However, some critics say a legitimate investigation wasn’t properly conducted in the first place.

“It was always a fake, they never dared to investigate anything at all, and they’re covering each other up because they’re completely up to their necks in it,” Itai Hagman, an economist and member of the Chamber of Deputies of Argentina, said in a May 20 X post.

Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plunge

Key takeaways:

• Historical chart patterns and the Fibonacci Retracement metric hint at a Solana price rally to $300.

• Solana’s $7.5 billion in futures open interest and negative funding rates could be a sign that a powerful short squeeze is in the making.

Solana (SOL) price tested the $180 resistance level on May 11, but it has since consolidated below this key threshold and appears unable to establish a sustained bullish position. However, the altcoin has maintained a positive signal by closing above the 50-week exponential moving average (EMA) for three consecutive weeks. This critical level has historically acted as a catalyst for significant price rallies.

In late 2023, SOL broke through the 50-week and 100-week EMAs, solidifying its position above these levels before surging 515% by March 2024. The relative strength index or RSI on the weekly chart is currently at 52.60, indicating growing buying pressure. 

This setup mirrors past patterns where SOL broke above the 50-week EMA and rallied significantly. With current technicals aligning, SOL appears poised to retest the $300 level by late 2025, a key psychological and historical resistance.

Using trend-based Fibonacci (FIB) extensions, SOL’s potential upside could be more compelling. The FIB extension, taken to the January highs of $295 from the recent swing lows near $95, outlines an immediate target of around $300, or a 70% increase.

Once SOL price enters price discovery, bullish momentum could target the 1.618 extension, suggesting SOL could reach as high as $418. However, failure to hold the 50-week EMA could cause SOL retest the lower support near $157. 

Related: Solana may be a memecoin ‘one-trick pony’ — Standard Chartered

Solana traders debate SOL’s next breakout catalyst

While Solana continues to trade nearly 40% below its all-time high, SOL futures market activity remains robust. According to CoinGlass, Solana futures open interest (OI) stands at $7.5 billion — just $1 billion short of its Jan. 19, 2025, peak of $8.5 billion. Elevated OI levels typically signal heightened speculative interest and suggest that traders are positioning for significant price volatility.

Funding rates across exchanges have also turned negative, indicating a tilt toward short positions as SOL struggles to reclaim the key $180 resistance. While this often reflects bearish sentiment, it also opens the door for a potential short squeeze.

Crypto futures analyst Byzantine General pointed out that current market conditions — characterized by elevated OI, rising aggregated volume, and relatively muted cross-exchange funding — suggest that SOL price may be stabilizing. He noted this setup could catalyze a sharp upside move, with the possibility of a breakout toward the $300 level if momentum builds.

However, caution is warranted. Prominent trader Carl Moon flagged a potential double top pattern on the 4-hour chart. If the pattern plays out, the trader warned that SOL could revisit $157 to $152 in the short term.

The $180 level remains the critical inflection point. A decisive move above it could confirm a bullish continuation, while rejection may lead to a healthy correction to the $150–$160 range.

Related: Ether price target shifts to $3K after SharpLink adopts ETH ‘treasury strategy’

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Key takeaways:

• 97% of ETH put options will expire worthless if ETH holds above $2,600.

• A bullish ETH price outcome could be limited by macroeconomic factors and trading strategies that cap Ether gains.

On May 30, $2.4 billion in Ether (ETH) options will expire—an event that could support ETH’s attempt to break above the $2,700 mark for the first time in over three months. Despite the recent gains, Ether is down 21% in 2025, while the broader cryptocurrency market has seen a 5% increase.

Ether bulls are motivated to keep ETH above $2,600 ahead of the monthly expiry. However, weak network activity on Ethereum suggests that the upside potential may be limited.

Analysts believe Ether’s underperformance stems from rising competition among blockchains focused on decentralized applications. Still, ETH holds a key advantage as the only altcoin with a spot exchange-traded fund (ETF) offering in the United States. These ETFs attracted $287 million in net inflows between May 19 and May 27, reflecting increased interest from institutional investors.

Even as demand for Ether-based investment products grows, deposits and onchain activity on the Ethereum network have declined. This trend is especially troubling as rivals like Solana, BNB Chain, and Tron continue to gain market share. Ethereum no longer ranks among the top ten protocols in terms of fees, creating a supply imbalance that contributes to inflationary pressure on ETH.

Sell (put) options ill-prepared for ETH prices above $2,600

Even though the $1.3 billion in call (buy) options dominate the May 30 expiry, that doesn’t necessarily imply that those traders will reinvest the proceeds in new bullish positions. Many option strategies involve multiple maturities and are structured in ways that don’t benefit from ETH rising above specific thresholds. Additionally, traders may hedge their exposure through futures markets.

The $1.1 billion in put (sell) options were clearly caught off guard, as 97% were set at $2,600 or lower. These contracts will expire worthless if ETH holds above that level at 8:00 am UTC on May 30. While this imbalance is unusual, a similar outcome could affect the overly optimistic call options with strike prices at $2,800 and above if ETH remains near current levels.

Related: SharpLink launches Ethereum treasury, taps Joe Lubin as board chair

Below are four likely scenarios based on current price trends. These outcomes estimate theoretical profits based on open interest imbalances and do not account for complex strategies.

• Between $2,300 and $2,500: $420 million in calls (buy) vs. $220 million in puts (sell). The net result favors the call instruments by $200 million.

• Between $2,500 and $2,600: $500 million calls vs. $130 million puts, favoring calls by $370 million.

• Between $2,600 and $2,700: $590 million calls vs. $35 million puts, favoring calls by $555 million.

• Between $2,700 and $2,900: $780 million calls vs. $10 million puts, favoring calls by $770 million.

Bulls are strongly incentivized to push ETH past $2,700, yet the broader context may override those efforts. Given the strong correlation between cryptocurrencies and the S&P 500, macroeconomic indicators and corporate earnings are likely to remain the primary forces shaping investor risk appetite—and ultimately, ETH’s price at the time of the monthly options expiry.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.