FTX has launched legal action against NFT Stars Ltd. and KUROSEMI INC. (d/b/a Delysium) for failing to deliver tokens it is entitled to under contract. This step follows numerous attempts to resolve the issue without litigation. FTX plans to reach out to other token and coin issuers with outstanding assets and will file additional lawsuits against those who remain unresponsive. The company urges these parties to engage promptly to avoid further legal action.
Solana price has recovered recently, with the cryptocurrency experiencing a 40% increase in value over the past 10 days. The SOL price surge comes as 71% of traders with open positions on Binance are betting on Solana’s upward movement. The rally has sparked increased optimism among investors, with many expecting further gains soon.
Traders Predict Solana Price Bullish Momentum
According to crypto analyst Ali Charts, many traders on Binance are positioning themselves for Solana’s continued upward movement. The data shows that 71.87% of traders with open Solana positions are betting on its price rise. This sentiment aligns with the recent surge in Solana’s value, which has increased by 40% from $95 on April 7 to approximately $133 on April 17.
This growing confidence is reflected in the trading volumes, which soared 33% in the last 24 hours to $4.53 B.
In addition, the rising interest from institutional investors, such as real estate fintech firm Janover, which added over $10 million worth of Solana to its holdings, has also contributed to the bullish sentiment. Moreover, with the launch of Solana-based ETFs in Canada on April 16, optimism for the SOL price rally is continuing to grow.
Institutional Involvement in Solana’s Growth
Solana has recently attracted significant institutional interest, with firms like Janover doubling their holdings. Janover, for instance, purchased 80,567 SOL tokens for $10.5 million, bringing its total treasury to 163,651 SOL. This move, as a result, signals a growing belief in Solana’s long-term potential as an investment asset.
Similar to the playbook of MicroStrategy’s Bitcoin strategy, Janover’s actions suggest that more traditional financial entities are exploring Solana for its growth potential and staking opportunities.
Moreover, the growing institutional adoption of Solana is not just limited to investments but also extends to its infrastructure. Coinbase has recently upgraded its Solana infrastructure to provide faster block processing and improved RPC performance.
Liquidity Inflows Strengthen Solana’s Market Position
Concurrently, another key factor contributing to Solana’s recovery is the increasing liquidity inflow into the network. Data from deBridge shows that over $120 million in liquidity was bridged from other blockchains to Solana over the past 30 days.
Ethereum contributed the largest portion, transferring $41.5 million to Solana. This influx of capital strengthens Solana’s position as a leading blockchain network, supporting its price movement.
The liquidity flow has coincided with a broader resurgence in Solana’s decentralized exchange (DEX) activity. In Q1 2025, Solana led all chains in DEX trading volume, capturing 39.6% of the market share with $293.7 billion in volume. These trends indicate a heightened demand for Solana’s services, fueling investor optimism.
SOL Price Analysis Backs Bullish Breakout
According to an analysis from TradingView, Solana’s price has broken out from a falling wedge pattern, which is typically seen as a bullish signal in technical analysis. This breakout occurred after Solana rebounded from a multi-year support trendline near $95 and moved above the upper trendline of the wedge at $120.
Traders now look toward a potential SOL price target of $200, representing a 50% increase from the current price level. As of press time, the SOL price was trading at $134, a 4.50% surge from the day’s low and 23% up from the weekly low.
SOL/USD price chart (source: TradingView)
In addition, Solana’s Relative Strength Index (RSI) has increased from 33 to 55 since early April, indicating rising bullish momentum. However, for Solana’s price recovery to remain intact, it must maintain support above the 50-day simple moving average (SMA) at $130 and overcome resistance between $160 and $180, where the 100-day and 200-day SMAs lie.
The crypto market is currently facing a significant correction, with the top tokens like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and XRP experiencing notable dips. The recent crypto price drop has left investors and analysts wondering what’s behind the market crash. Notably, today’s crypto price drop could be attributed to two main factors: President Donald Trump’s recent criticism of China on Truth Social, accusing them of breaching their trade agreement with the US, and the growing likelihood that the Federal Reserve won’t cut interest rates. Crypto Market Crash: Bitcoin & Altcoins Bleed The global crypto market has seen a severe downturn today, losing $186 billion from yesterday’s high. As of press time, the total market cap stands at $3.35 trillion, down by 3.15% over the last 24 hours. Major cryptocurrencies are in the red, with Dogecoin taking the biggest hit among the top 10. As per CoinMarketCap data, Bitcoin is… Read More at Coingape.com
HMRC (His Majesty’s Revenue & Customs), the UK’s primary tax agency, is set to impose some new rules on crypto by January 2026. If token holders don’t familiarize themselves with the changes, they could face steep penalties.
Lee Murphy, Managing Director at The Accountancy Partnership, provided BeInCrypto with some exclusive commentary on how to navigate these new guidelines.
In the past, regulators have considered some aggressive measures to sniff out undisclosed gains, after all. HMRC will impose new rules by the next tax season, so users should be aware of their implications:
“If you’ve sold, swapped, gifted or even used your crypto to purchase something online, you may owe some tax. In some cases, HMRC will treat cryptoassets as capital assets, which means that CGT (Capital Gains Tax) will apply when you trade one crypto for another, you sell crypto for money, you use crypto to buy goods/services, or you gift crypto to someone that isn’t your spouse,” Murphy claimed.
Essentially, if you’re a UK resident who has held onto crypto long-term, you won’t have to pay taxes on the assets’ price gains alone.
They’ll only kick in when tokens actually change hands. To be clear, though, this includes swapping one token directly for another, even if fiat isn’t involved.
These will trigger tax penalties, so users should keep diligent records.
Possible Loopholes to Minimize Penalties
Luckily, if your gains were less than £3,000, you’ll be exempt from capital gains taxes. However, the previous guidelines were more generous.
More importantly, HMRC has been hard at work tracing user data by cooperating with major exchanges and analyzing blockchain data. Murphy warned that undisclosed gains might be harder to successfully hide.
In an interesting twist, staking rewards fall into this category too:
“If you’re earning crypto as part of your job, then you’ll be looking at income tax rather than [capital gains]. If you mine or stake crypto as a reward, then HMRC will also see this as part of your earnings, so they will be taxed like any other income,” he claimed.
To be clear, this solution isn’t a diamond bullet. Crypto holders won’t have to pay taxes in the UK if their income is less than £12,570.
However, that includes all incomes, not just crypto-related ones. Token-based salaries get the lower rate, at least, but there’s no foolproof cheat system yet.
Source: 
