Layer-1 Blockchain:- South Korea is making significant strides in the development of Web3. The country’s recently elected President Lee Jae-myung has promised regulatory approvals for spot Crypto ETFs. The country has also decided to invest $884 billion into crypto assets. Aligning with this trend, the Layer-1 blockchain MemeCore, has officially announced its strategic expansion into
The DeFi ecosystem on the TON network has significantly grown in the recent past bolstered by the Telegram community.
TON price has been consolidating in a symmetrical triangle since early December.
The wider altcoin market, including Toncoin (TON), recorded a mild correction in the past 24 hours. After an impressive rally last week, the wider altcoin market experienced a significant cooling down of the bullish sentiment, hence resulting in $357 million forced liquidations of long traders.
TON price dropped nearly 4 percent in the past 24 hours to trade about $3.09 on Thursday, May 15, during the late North American trading session. As a result, the large-cap altcoin, with a fully diluted valuation of about $15.8 billion and a 24 hour average traded volume of about $229 million, had dropped about 4 percent in the past two weeks.
Toncoin Network Thrives on Telegram Messenger
The TON ecosystem has grown exponentially in the recent past mainly fueled by the vast Telegram community. According to market data from Defillama, the TON network had a total value locked of about $152 million and a stablecoins market cap of around $1.01 billion at the time of this writing.
Meanwhile, market data from CryptoRank shows that the Telegram Gifts daily turnover has been growing exponentially since early May, reaching $1.8M two days ago. The majority of Telegram NFT volume came from the Tonnel platform with about $1.2 million, and Fragment with about $220K.
What Next for TON Price
Since hitting its all-time high, about $8.25 on June 15 2024, the TON price has been trapped in a correction mode to date. However, TON price has established a robust support level above $2.5, which previously acted as a resistance level.
In the daily timeframe, TON price has been consolidating in a symmetrical triangular pattern since early March. Crypto analyst Ali Martinez opined that TON price is well positioned for at least a 47 percent pump if a breakout above the upper border occurs in the coming days.
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The DeFi ecosystem on the TON network has significantly grown in the recent past bolstered by the Telegram community. TON price has been consolidating in a symmetrical triangle since early December. The wider altcoin market, including Toncoin (TON), recorded a mild correction in the past 24 hours. After an impressive rally last week, the wider …
Crypto-related acquisitions and public listings in the U.S. have already hit $8.2 billion across 88 deals in the first four months of 2025 — triple the total from all of 2024. The sharp increase shows a new phase of integration between traditional finance (TradFi) and decentralized finance (DeFi).
These deals fall into five main trends: companies buying Bitcoin for their treasuries (like Twenty One Capital), traditional firms merging with crypto infrastructure providers, acquisitions focused on institutional services (like Ripple buying Metaco), consolidation between crypto and traditional trading platforms, and mergers between token-based projects.
But one deal in particular is drawing high praise — especially from pro-XRP lawyer John Deaton.
Deaton recently pointed to Ripple’s $1.25 billion acquisition of prime brokerage firm Hidden Road as “possibly the best example” of the TradFi-DeFi convergence happening in crypto. Hidden Road processes over $3 trillion a year for more than 300 institutional clients. By integrating with Ripple’s XRP Ledger (XRPL), settlement times have dropped from 24 hours to just 3–5 seconds.
I agree with Chamath. I also believe @Ripple’s $1.25 billion acquisition of Hidden Road as possibly the best example of the convergence of TradFi and DeFi in all of crypto.
Hidden Road, a prime brokerage firm handling over $3T annually across 300+ institutional clients, now… https://t.co/yOJCE7zftk
Ripple’s RLUSD stablecoin now acts as collateral for trades, connecting blockchain infrastructure directly to institutional trading workflows. Deaton explained how this move positions Ripple at the forefront of institutional DeFi by combining DeFi’s speed with TradFi’s reach.
He also opened up about the importance of Ripple’s rapid expansion into crypto custody. In addition to acquiring Metaco, Ripple has bought Standard Custody and launched “Ripple Custody” to offer institutions a full suite of services — from payments and stablecoins to asset storage.
Why the big push into custody?
Deaton believes Ripple is preparing for the tokenization boom. With the custody market expected to grow beyond $16 trillion by 2030, Ripple is building the tools banks will need to tokenize stocks, bonds, or even real estate using the XRPL — with RLUSD powering these transactions.
“It looks like [CEO] Brad Garlinghouse is making up for lost time,” Deaton said, referring to Ripple’s progress after its long legal battle with the SEC.
The post XRP Lawsuit in the Rearview, Ripple Goes Full Speed Ahead with $1.25B Deal appeared first on Coinpedia Fintech News
Crypto-related acquisitions and public listings in the U.S. have already hit $8.2 billion across 88 deals in the first four months of 2025 — triple the total from all of 2024. The sharp increase shows a new phase of integration between traditional finance (TradFi) and decentralized finance (DeFi). These deals fall into five main trends: …
Solana (SOL) price tumbles as Bitcoin and SUI steal the show this week
Solana (SOL) price fell short of investor expectations this week as capital inflows favored market leaders Bitcoin and emerging altcoins like SUI.
The global crypto market trended bullish on Friday, with Bitcoin price gaining 0.3% on Friday and 2.1% over seven days.
Meanwhile, Solana slipped 1.7% on the day and a steeper 1.9% over the week.
Top 10 Cryptocurrencies Performance, May 2, 2025 | Source: Coingecko
The figures suggest a noticeable exit of short-term traders from SOL, as they rotated funds into assets with stronger short-term narratives.
A major catalyst driving Bitcoin’s rise continues to be institutional accumulation, with spot Bitcoin ETFs posting record-breaking inflows.
Meanwhile, SUI surged following news that 21Shares filed for a spot ETF with the U.S. SEC. SUI spiked to $3.71 on Thursday before correcting to $3.40 at press time, still up nearly 60% in the past two weeks.
This stark contrast reflects a pattern of selective capital rotation among traders seeking profitable opportunities within short-term market narratives.
SOL price fell below $150 on Friday, flipping negative on the weekly candle and highlighting a lack of short-term bullish conviction.
Solana investor Eric Trump warns banks to adopt crypto within 10 years
Adding to Solana’s long-term narrative, Eric Trump, a known investor in Bitcoin, Ethereum, Solana, and SUI, made headlines this week with a stark warning to traditional financial institutions.
In an interview with CNBC, Trump cautioned that banks risk extinction within a decade if they fail to integrate cryptocurrency infrastructure into their core operations.
Systems like SWIFT are a disaster. The traditional banking system is slow and inefficient.
Right now, you can open a cryptocurrency app and transfer money from wallet to wallet instantly, without any bank fees.
I’m telling you if banks don’t realise what’s coming they will be gone in 10 years – Eric Trump, May 2025
Trump remarked, criticizing the inefficiency and cost of the existing financial system.
He argued that decentralized finance (DeFi), enabled by blockchain platforms like Ethereum and Solana, presents a far superior alternative in speed, accessibility, and cost-effectiveness.
The timing of Eric Trump’s statements is crucial, with Congress fast-tracking Stablecoin regulations and SEC dropping charges on crypto trading platform, an Arizona state passing a bill to launch the first cryptocurrencies strategic reserve. and institutional adoption deepens, tokens like Solana could see renewed long-term demand.
This long-term bullish outlook as seen Solana bulls speculate on a potential rally toward the $750 mark if market conditions align.
While this ambitious Solana price forecast remains plausible, technical indicators SOLUSD daily chart shows highlights key hurdles ahead around the $160 mark.
Solana Price Forecast Today: Bulls Target $156 If Support Holds Above $142
Solana (SOL) is trading at $147.98 after a modest 1.9% decline, but the broader technical setup continues to favor a bullish continuation. The price remains comfortably above the midline of the Bollinger Bands, suggesting that recent consolidation may be a temporary pause rather than a reversal.
The Parabolic SAR indicators, positioned below current price levels since mid-April, continue to signal a sustained uptrend, despite Thursday’s slight retracement.
Solana Price Forecast Today
SOL price forecast today leans cautiously optimistic, supported by underlying momentum shown in the Bull Bear Power (BBP) oscillator, which remains positive at 8.13. This indicates that bulls still hold the short-term advantage.
The daily close remains above the 20-day moving average near $142 and well above the lower Bollinger Band at $124.77, reinforcing the view that key support zones are intact.
The resistance zone around $156, marked by the upper Bollinger Band and previous local highs, represents the next test for buyers. If bullish volume resumes and price action closes decisively above $150, a retest of $156 appears likely. A failure to hold $142, however, could expose downside risk toward $135.