DeFi Development Corp follows a similar approach to SOL Strategy to issue debt securities to purchase more SOL coins.
SOL price has hinted at a potential parabolic rally in the coming months bolstered by institutional tailwind.
DeFi Development Corp. (NASDAQ: DEFI), a Florida-based blockchain and DeFi-focused company, filed a Form S-3 registration statement with the United States Securities and Exchange Commission (SEC) on April 25, to offer up to $1 billion in securities. According to the SEC filing, DeFi Development Corp intends to register up to 1,244,471 shares of common stock for potential resale by existing stockholders.
“We may sell any combination of these securities in one or more offerings, at prices and on terms to be determined prior to the time of the offering, with an aggregate offering price of up to $1,000,000,000,” the filing noted.
The company noted that the proceeds from the intended offering will be used for general corporate purposes, including the acquisition of Solana (SOL).
Market Impact of DeFi Development Corp’s Move
The strategic move by DeFi Development Corp to raise $1 billion, under the Donald Trump administration, will have a far-reaching influence on the wider crypto market. Furthermore, the validation of the crypto market by institutional investors has helped increase liquidity and enabled ongoing mainstream adoption of digital assets and web3 technology.
The Solana network stands to benefit most from the DeFi Development Corp’s deal. As Coinpedia reported, SOL Strategies intends to raise up to $500 million to purchase more Solana coins in the near term.
Consequently, SOL price will likely continue with bullish sentiment in the coming months, especially if the highly anticipated altseason kickstarts. Moreover, the Solana network has recorded a sharp uptick in cash inflows in the past few months, led by stablecoins such as Circle’s USDC.
Ethereum price remains steady around $1,837 as Vitalik Buterin’s new proposal fuels optimism for Ethereum’s long-term simplification.
Ethereum (ETH) Deadlocked Below $1,900 as Market Recovery Stalls
Ethereum price is currently consolidating at $1,837, down slightly from its recent 24-hour high of $1,847, according to CoinGecko. Despite a 1.7% uptick on the weekly chart and a monthly gain of 2.8%, ETH has struggled to break above the critical $1,900 level.
The broader crypto market has also entered a temporary pullback phase after a high-profile event in the U.S. state of Arizona.
On Saturday, Arizona Governor Katie Hobbs vetoed a key piece of legislation that would have allowed the state to hold Bitcoin in its strategic reserves, a bill that had already passed the legislature.
Ethereum price action, May 3, 2025 | Source: Coingecko
The political setback triggered a short-term confidence dip, stalling Bitcoin’s rally and dragging Ethereum down with it. As Bitcoin price retraced from $98,000 to $96,200, Ethereum mirrored the move, slipping into a modest correction.
Despite reduced weekend trading volumes, Ethereum is still showing signs of active buying pressure, supported by short-term traders’ confidence.
Ethereum derivatives data show that Open Interest stands at $20.87 billion (-0.57%) while total trading volume dropped 29.8% to $28 billion.
Ethereum Derivatives data analysis, May 3, 2025 | Coinglass
The ETH futures trading volume decline being larger than the Open interest dip on Saturday indicates that majority of investors are abstaining rather than close out their ETH positions.
Bulls Hold Tight After Vitalik’s Latest Update
In a move that could reshape Ethereum’s future, Vitalik Buterin has published a new five-year roadmap titled “Simplifying the L1.” The proposal outlines a path to radically reduce Ethereum’s base-layer complexity, aligning it more closely with Bitcoin’s minimalist architecture.
According to Buterin, Ethereum’s core protocol has become bloated with over 300,000 lines of code, compared to Bitcoin’s 15,000.
Vitalik Buterin issues new proposal to enhance Ethereum scalability, May 3, 2025
While this expansion enabled a wide range of dApps and smart contracts, it has also introduced severe security and maintainability concerns.
The infamous DAO hack of 2016, where $50 million in ETH was drained, serves as a stark reminder of such vulnerabilities.
To address this, Buterin suggests implementing a maximum code line limit for Ethereum’s core. This change would reduce the surface area for attacks, make audits simpler, and improve overall protocol resilience.
“Simplicity, like decentralization, is upstream of resilience,” Vitalik Buterin wrote, urging the community to take the long-term view.
While the ETH price may not react immediately to these structural changes, market sentiment around Ethereum’s long-term viability has visibly improved.
The long/short ratio on Binance ETH/USDT shows 2.52:1 for top traders’ accounts, a bullish indicator that suggests whales are already predominantly betting on Ethereum price upside for the coming sessions.
Ethereum Price Forecast: ETH Eyes $1,950 as Compression Builds Near Key Resistance
Ethereum price forecast today reflects a market steadily coiling beneath resistance at $1,873.17, with technical signals aligning for a potential breakout toward $1,950. Price action has maintained higher lows through late April into early May, revealing steady accumulation under resistance.
The Donchian Channel indicator also shows ETH price pressing its upper boundary, a classic setup for a volatility expansion.
Ethereum Price Forecast
Despite the mild pullback to $1,835.30 on Saturday, Ethereum bullish momentum remains intact, and the mid-channel support at $1,705.22 stands as the nearest downside checkpoint.
The Choppiness Index reading at 47.86 confirms a sideways, coiling price structure—neither fully directional nor overly consolidated.
Should Ethereum close decisively above the $1,873 ceiling with elevated volume, momentum would likely carry ETH toward $1,950 in the near term.
In contrast, a breakdown below $1,800 would weaken bullish conviction and expose $1,705.22 as a possible retracement zone.
5 March 2025, San Francisco – Taiko, the first based rollup scaling Ethereum, is bringing together the brightest minds in Ethereum to discuss based rollups, the next phase in Ethereum scaling.
During Eth San Francisco week, this event will feature major cryptocurrency and Ethereum speakers, including Vitalik Buterin, co-founder of Ethereum, Professor Dan Boneh, Stanford University Cryptography Pioneer, and Tomas Stańczak, CEO of Netheremind and Co-Director of the Etherem Foundation.
“We are proud to be hosting this inaugural event at such a pivotal moment for Ethereum. The network has grown and developed significantly since its inception, and we are now entering a new phase of development. Being permissionless is no longer an option but rather is central to Ethereum’s long-term success. Based rollups are at the forefront of making a usable, permissionless, and adaptable Ethereum possible. The Based Rollup Summit represents the first dedicated gathering of those pioneering minds taking Ethereum even further,” said Joaquin Mendes, COO of Taiko.
The speaker list is filled with innovators building in the based rollup and scalability space, including Near Protocol, Netheremind, Succinct, Espreso Systems, Spire, and Puffer.
Those attending will be able to get up to speed with the based rollup ecosystem and experience full access to the Exploratorium’s exhibits, placing based rollups in the larger context of technological development.
Attendees can also expect to talk and interact with founders, developers, investors, and visionaries shaping the future of Layer 2 solutions, cryptocurrencies, and artificial intelligence. Teams including a16z, Near, Succint, Bankless, Puffer, Lubin, Fabric, Espresso Systems, L2IV, SNZ Holdings, Hashed, and Stanford Blockchain.
”From developers to investors to founders to enthusiasts, the Based Rollup Summit is the opportunity to be part of a defining moment in the evolution of Ethereum scaling solutions,” said Mendes.
Cardano Network and its founder Charles Hoskinson have already made their big bet on BitcoinDeFi by revealing the Cardinal Protocol on Monday. Now, in a bid to expand and penetrate into it further, Charles shared the other line of focus and products he is working on and further developing. In a X appearance, Charles Hoskinson
