Trump-linked Thumzup Media has announced a $50 million raise alongside an expanded alliance with Coinbase. This is to accelerate its cryptocurrency mining operations and strengthen its treasury of XRP and other digital assets. Thumzup Media Partners With Coinbase For $50M Treasury Diversification In a press release, Thumzup Media Corporation, a Nasdaq-listed company backed by Trump
Bullish momentum has been building up for Solana, amid a highly anticipated altseason before the end of 2025.
The DeFi projects on Solana network have recorded significant growth in cash inflows, and on-chain activity.
The wider altcoin market, led by Solana (SOL), gradually gained bullish momentum in the past two weeks, as Bitcoin (BTC) price invalidated bearish sentiment after rebounding above $95k. Analysis on various on-chain metrics shows the crypto FOMO has crept back in the past week, as the trade wars weakens amid ongoing diplomatic negotiations.
The Bitcoin’s fear and greed index surged from 47 percent, representing neutral, to 63 percent, suggesting greed, in the past two days. Ethereum’s fear and greed index surged from 44 per to 61 percent in the past two days. The wider altcoin followed the top two digital assets in regards to the fear and greed index.
Solana Price Update and Midterm Targets
After gaining over 14 percent in the past week, SOL price is about to record its third consecutive bullish week. Consequently, the large-cap altcoin, with a fully diluted valuation of about $92 billion and a 24-hour average trading volume of about $5 billion, has approached a crucial resistance level around $159.
In the daily timeframe, SOL price is well positioned to rally above $180, if Bitcoin price continues with bullish momentum towards $99.4k. However, if Bitcoin price gets to retest the support level above $91k, SOL price will likely drop to the support range between $125 and $135.
From a technical analysis standpoint, SOL bulls have gained significant ground over the bears after the daily MACD line crossed above the zero line amid growing positive histogram bars. Additionally, the daily Relative Strength Index (RSI) has surged above 52 for the first time since the second inauguration of the U.S. President Donald Trump.
SOL Ecosystem Growth
The Solana ecosystem has grown significantly in the past year, bolstered by the validation from institutional investors and notable developments of its DeFi platforms. According to market data from Defillama, Solana network had a total value locked (TVL) of about $8 billion and a stablecoins market cap of around $12 billion, at the time of this writing.
Some of the latest developments in the Solana ecosystem includes Nous Research’s $50 million raise in Series A led by Paradigm VC.
The post Solana Price Analysis: Key Insights and Updates appeared first on Coinpedia Fintech News
Bullish momentum has been building up for Solana, amid a highly anticipated altseason before the end of 2025. The DeFi projects on Solana network have recorded significant growth in cash inflows, and on-chain activity. The wider altcoin market, led by Solana (SOL), gradually gained bullish momentum in the past two weeks, as Bitcoin (BTC) price …
Ripple’s XRP has been making headlines repeatedly for its efforts to encourage mainstream adoption. Despite a setback last week on the SEC lawsuit, positive news has kept coming. Today, CME Group is launching the XRP futures ETF, which is yet another milestone for the community. This strategic move is expected to bolster the Ripple Coin’s institutional demand and adoption. CME Group Launches XRP Futures ETF Today: Know Details Today (May 19), the world’s leading derivatives marketplace, Chicago Mercantile Exchange (CME) Group, is launching XRP futures and Micro XRP futures. The platform will debut the futures in two contract sizes: a micro contract covering 2,500 tokens and a larger contract covering 50,000, both based on the CME CF XRP-Dollar Reference Rate. In response to the development, lawyer Bill Morgan stated, these “cash-settled futures contracts” could drive the token’s institutional demand in multiple ways. Bill highlighted the significance of XRP futures for… Read More at Coingape.com
PancakeSwap officially enters the tokenized stocks space by launching perpetual contracts for three major US stocks.
The rise of platforms offering tokenized stocks highlights this sector’s true potential.
PancakeSwap enters the tokenized stocks space
In its latest announcement, PancakeSwap — one of the leading DeFi protocols on the BNB Chain — officially launched perpetual contracts for three iconic US stocks: Apple (AAPL), Amazon (AMZN), and Tesla (TSLA). These contracts are deployed on PancakeSwap V3 and support leverage of up to 25x.
“PancakeSwap Perpetuals are non-expiring derivative contracts that let you speculate on the price of an asset, including crypto, and now stocks, without actually owning the underlying asset. You can go long or short, trade with leverage, and access the markets 24/7,” the announcement stated.
This move marks the first time a DEX expands into the equity derivatives sector. It represents a significant advancement for DeFi in integrating traditional assets, a trend commonly referred to as RWA (Real-World Assets).
According to data from RWA.xyz, the tokenized stocks market has reached a market cap of $374 million, up 220% since June. Monthly transfer volume sits at around $330 million. Algorand commanded 66% of the tokenized stock market share, mainly driven by the EXOD stock from Exodus.
“If just 1% of global stocks were tokenized, the market could exceed US$1.3T, driving significant growth in on-chain assets and DeFi infrastructure toward mainstream adoption,” a Binance Research report emphasized.
The same Binance Research report states that active on-chain addresses surged from 1,600 to 90,000. However, centralized exchanges outperform on-chain platforms by over 70 times in tokenized stock trading volume.
From a positive perspective, this gap also highlights the growth potential for DEX platforms in this emerging sector.
Centralized exchanges are currently outpacing on-chain trading activity in July. Source: Binance Research
A protocol specializing in US stock tokenization, xStocks, has surpassed $2 billion in total trading volume just three months after launch. This growth signals an explosive and promising demand for trading stocks in tokenized form. Yet, competition with earlier movers presents a major challenge for PancakeSwap.
Data shared on X shows that PancakeSwap recorded a positive increase in users and trading volume in July. The platform generated over $188 billion in spot trading volume, accounting for 43% of the DEX trading volume market.
The launch of perpetual stock contracts could continue to be a key growth driver for PancakeSwap in the coming months.
