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XRP withdrawal has peaked on the popular Korean exchange Upbit, as on-chain analytics reports the vanishing of 5.5 billion Ripple tokens today. The prominent cryptocurrency gained bullish traction at the beginning of the year and surged to multi-month highs. However, the same is stuck in massive consolidations, losing its name. Now this massive 5.5 billion
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As the bulls continue their charge above the pivotal $100 mark, AAVE has staged a remarkable reversal rally, eyeing the…
Solana price may be on the verge of a significant rally, with recent developments from DeFi Development Corporation (DDC) potentially fueling the upward momentum.
The company, formerly known as Janover Inc., has filed a $1 billion shelf offering with the U.S. Securities and Exchange Commission (SEC). This move suggests the company is preparing to raise substantial funds, which could have an effect on Solana’s price soon.
DeFi Development Corp., a public company that has recently transitioned towards Solana, has caused some stir with its new filing with the SEC. The company plans to offer a shelf offering, for which it intends to seek up to $1 billion in funding. This type of offering enables a firm to offer securities for sale cumulatively and not at one instance in the market.
The filing outlines a variety of securities, including common stock, preferred stock, warrants, and debt instruments. The company also mentioned it could sell any combination of these instruments at an aggregate price of up to $1 billion.
DeFi Development Corp is one of the many numbers of publicly holding companies that are now targeting Solana. This approach entails investing and fixing their price in SOL in a bid that gives the investors an opportunity to invest directly in the tokens. This strategy is in line with other firms like Galaxy Digital that have also invested in Solana and are now staking to earn income. Due to this offering, DDC has raised a total of $34.4 million in SOL and this could be used to fund further acquisitions.
In light of this, with the entrance of institutional investors such as DDC for Solana, Solana price has attracted much attention. Forecasts based on the daily chart illustrate that Solana may be entering a period of increase in price.
Analyzing the market and the chart, there is evidence that SOL price is in the bullish trend with most of the indicators moving in the positive region.
In line with this standing, based on Bollinger Bands, Solana price has lately been operating above the middle band hence signifying approval to the onset of the upward trend. Furthermore, the Moving Average Convergence Divergence (MACD) has a buy signal that is indicative of higher upside momentum. These factors imply that Solana price is poised to test the $200 level and will continue to rise further if there is an increase in demand.
In the broader Solana ecosystem, recent events have added to the optimism. For instance, large deposits of SOL have been made to exchanges, suggesting significant activity within the market.
According to Lookonchain, in the most recent transactions, Kraken received large amounts of Solana, 117,913 SOL ($18,26 million) from Pumpfun, which may indicate more fluctuations. Such activity might suggest that demand for Solana is still ramping up, particularly among institutional market participants.
Furthermore, Sol Strategies, another key player in the field, has also entered a $500 million funding agreement for Solana staking. This deal underpins the present institutional investment in Solana and expected growth in SOL price. Through collaboration between the former and the latter companies like DDC and Sol Strategies, Solana may experience further surge in the next few months.
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The post Brown University Discloses $5M in BlackRock’s IBIT: Bitcoin Price Recovers appeared first on Coinpedia Fintech News
As Gold (XAU) price signals a potential market reversal after an impressive rally since the first quarter of 2024, capital rotation to Bitcoin (BTC) has accelerated. According to market data from Glassnode, Long Term Holders added more than 254k BTCs in the past three months to currently hold about 14.3 million coins.
Brown University, a veteran University founded in 1764, disclosed a $4,915,050 holding of BlackRock’s iShares Bitcoin Trust ETF in the form 13F to the U.S. SEC. The IBIT fund has grown significantly in the last year to currently hold about 607,685.5 Bitcoins, which is worth over $58 billion.
Following the announcement, Brown University became the third U.S.-based University to publicly announce a Bitcoin holding. Furthermore, Emory and the University of Austin (UATX) previously announced a significant Bitcoin purchase.
Brown University Joins Emory & University of Austin (UATX) as Third US University to Announce Bitcoin Purchase. https://t.co/avfGbEWMrk
— matthew sigel, recovering CFA (@matthew_sigel) May 2, 2025
Brown University has a rich balance sheet of more than $7 billion in endowments, which could be converted to Bitcoin in the near future. Moreover, Bitcoin has proved to be a reliable store of value and the United States is about to implement its Strategic Bitcoin Reserve.
The rising adoption of Bitcoin by institutional investors amid rising global liquidity has helped increase its bullish sentiment. The flagship coin is about to record its fourth consecutive bullish weekly close, after a bearish first quarter fueled by trade war fears.
From a technical analysis standpoint, BTC price is now aiming to retest its all-time high and kickstart the much anticipated 2025 parabolic rally. However, a drop below $92k will result in further capitulation and potentially a long squeeze in the subsequent weeks.
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On-chain data shows long-term holders have continued to aggressively accumulate more Bitcoins in the recent past. A parabolic rally for BTC price is imminent in the coming months fueled by rising global liquidity and institutional adoption. As Gold (XAU) price signals a potential market reversal after an impressive rally since the first quarter of 2024, …