Ethereum's MVRV Ratio Set to Hit Historical Bottom, $1868 Key Support

May 27 (Xinhua) — Iran’s Ministry of Justice-affiliated Eqtesad news agency reported that the preliminary informal framework for an Iran-U.S. Memorandum of Understanding (MOU) was disclosed on the same day. Under the framework, U.S. military forces will withdraw from areas surrounding Iran, and the maritime blockade on Iran will be lifted.

May 27: Today’s Update: ChangXin Technology’s STAR Market IPO Gets Listing Committee Approval As the world’s fourth-largest DRAM producer by shipment volume, ChangXin Technology now ranks among the top global earners in the space, trailing only the three leading international manufacturers—though the scale gap between it and the giants remains stark. BlockBeats compared ChangXin Technology’s financial metrics with global DRAM powerhouses Micron, SK Hynix, and Samsung Electronics, with results as follows: · For the most recent quarter, when revenue is converted to Chinese yuan: Micron’s revenue is roughly 3.2 times ChangXin’s, SK Hynix’s is around 4.7 times, and Samsung’s memory division revenue is about 6.7 times ChangXin’s. ChangXin Technology still lags behind the top players by total revenue. · On the profitability front: ChangXin’s Q1 2026 operating profit margin hit 69.7%, higher than Micron’s GAAP-aligned 67.6% and slightly below SK Hynix’s 71.5%. Fueled by the current i

May 27: The Iranian Revolutionary Guard Navy announced that vessels from hostile countries remain prohibited from transiting the Strait of Hormuz. So far, 23 vessels have passed through the waterway, with the remaining ones expected to continue transiting in the coming hours.

On May 27, SoFi Technologies announced that its U.S. dollar-pegged stablecoin, SoFiUSD, is now accessible to all of its 14.7 million members. Users can directly purchase, sell, hold, and trade the stablecoin within the SoFi app. This marks the first stablecoin offering issued by a U.S. national bank and integrated into a retail banking platform’s interface. SoFiUSD currently runs on both Ethereum and Solana blockchains. The company plans to add additional features to the stablecoin in upcoming updates, including FDIC-insured tokenized deposits, cross-border transfer functionality, and connectivity with the Bullish exchange.

On May 27, Hyperinsight monitoring data indicates that driven by a sharp rally in the U.S. stock market, open interest in the HIP-3 ecosystem surged past $2.71 billion, hitting a new all-time high. Trade.xyz accounted for a massive 94.2% of this total (roughly $2.56 billion), also reaching a record peak, with a 24-hour trading volume of $1.775 billion. Meanwhile, Hyperliquid’s overall open interest jumped to $9.647 billion, marking the highest level since last November, with a trading volume of $7 billion during the same period.

May 27th (Wednesday) – The cryptocurrency market hit a critical crossroads midweek. After failing to sustain a move above $78,000 on Tuesday, Bitcoin dipped below what analyst Tom Lee defines as the "Bear Market Line" at $76,000 and is now closing in on the $75,000 support level. Ethereum also pulled back from its Tuesday peak of $2,150, slipping toward the $2,000 mark before bouncing back to around $2,050. Meanwhile, AI-themed tokens RENDER, FET, and NEAR gave back most of their Tuesday gains. The crypto’s performance stood in sharp contrast to U.S. equities: S&P 500 and Nasdaq 100 futures both notched fresh all-time highs, advancing roughly 0.3%. In derivatives markets, crypto futures trading volume surged 54% to $201 billion over the past 24 hours, while liquidations spiked 87%. This uptick is largely tied to post-U.S. holiday trading activity, however. Bitcoin open interest climbed to 740,000 coins, with a negative 24-hour trade volume delta—an indicator that traders are actively