3 Reasons Why Pi Coin Price Will Skyrocket 100% This Week

Pi Network (PI) price at $0.73 takes a small breather with a 2% intraday drop after two days of a 30% bull run. Despite the pause, as PI coin price stands on the verge of a key pattern breakout. Favoring the upside chances, whale accumulation and adoption surge hint at a near 100% rally this week in Pi Network’s coin price. 

3 Reasons Why Pi Coin Price Will Give a 2x Rally

The cryptocurrency market is rising again and tokens like PI are capitalizing on increased momentum. Between May 8 and 9, Pi Network’s token price formed two bullish engulfing candles, marking the 30% rally. At present, the Pi coin price aims to reclaim $1 as multiple factors support optimistic Pi Network forecasts. So, let’s a closer look at the three reasons why Pi’s token price could jump 100% this week.

Adam and Eve Pattern Breakout Targets $1.54

Pi Network’s coin price tumbled 86% from $2.99 to $0.40 between Feb 26 and April 5, marking a strong bottom. Signaling a stronger return, PI price action forms an Adam and Eve pattern in the 4-hour price chart. The V-shaped reversal in Pi’s coin price from $0.40 to $0.77 is known as Adam and follows the rounding reversal as Eve. The neckline remains constant at $0.77, acting as the key immediate hurdle. 

Based on technical analysis, the breakout target is evaluated by adding the V-shaped reversal’s depth to the breakout level. Aligning with the broader market Pi Network price prediction, a near 100% price surge is possible to $1.54. 

A positive crossover between 50 and 100 Exponential Moving Averages (EMA) triggers a bull signal. Further, the 4-hour Relative Strength Index (RSI) has crossed into the overbought territory, signaling solid underlying bullishness. Hence, the technical indicators bolster the breakout forecast. 

Pi Network Coin Price Chart
Pi Network Coin Price Chart

Conversely, a bullish failure to surpass the overhead $0.70 zone might drop Pi’s coin price to the 200 EMA at $0.69. Additionally, a breakdown under $0.69 will nullify the bullish pattern and could retest the 50 EMA at $0.6414.

Is Binance Acquiring PI Coins Ahead of Pi Network Listing?

Amid the rising PI price trend, a single wallet holds 155 million PI coins, surpassing holdings of major CEXs such as Gate.io and OKX. A recent 70M Pi coin withdrawal from OKX in a single transaction reflects the whale’s strong confidence. With the high-value withdrawal, the community anticipates the wallet possibly belonging to Binance, ahead of the listing rumor. Until confirmation, it makes the whale wallet the largest non-listed CEX holder of Pi tokens. As of the last update, Binance might consider listing Pi Network under the new token listing criteria.

HTX Exchange Listing Rumors Resurface

HTX (formerly Huobi) has posted Pi Network’s logo on X three times, teasing PI investors with listing chances. HTX is one of the top-tier exchanges, and a listing of Pi coin will push it to the mainstream CEX ecosystems. As of now, the exchange has yet to confirm the listing, but multiple hints fuel optimism among investors. 

Hence, with the rising rumors and large withdrawals, the factors support strong breakout chances reclaiming the $1 mark.

The post 3 Reasons Why Pi Coin Price Will Skyrocket 100% This Week appeared first on CoinGape.

Dogwifhat (WIF) Eyes $1.50 After 133% Breakout: Can Bulls Maintain Momentum?

Dogwifhat (WIF) Eyes $1.50 After 133% Breakout: Can Bulls Maintain Momentum?

The post Dogwifhat (WIF) Eyes $1.50 After 133% Breakout: Can Bulls Maintain Momentum? appeared first on Coinpedia Fintech News

Key Highlights:

  • WIF surged 133% in 30 days, breaking out of a multi-month accumulation zone.
  • Price eyes $1.50 next, with $1.00 as a key resistance to watch.
  • On-chain data shows rising Open Interest and whale activity fueling the rally.
  • Recent inflow hints at potential profit-taking; RSI indicates overbought conditions.
  • Analysts maintain a cautiously bullish outlook if support at $0.70–$0.85 holds.

Dogwifhat (WIF), the 4th largest Solana memecoin has surged 133% in the past month, climbing from ~$0.35 to ~$0.88 after breaking out of its $0.35–$0.50 accumulation zone in early April 2025.

A key catalyst was the April 14 whale purchase of 2.7M WIF (~$2.3M at $0.77), which sparked bullish momentum.

On-chain data from CoinGlass shows WIF Open Interest rising from ~$120M to $270M by May 9, while daily trading volume doubled from ~$400M to $900M. Whale outflows peaked at -$4.70M (April 28), confirming accumulation, with a recent +$2.83M inflow (May 9) hinting at profit-taking.

Traders now eye the $1.00 resistance, with potential to test $1.50 if momentum holds. Technicals highlight a bullish setup: WIF trades above its 50-day SMA, Bollinger Bands are expanding, and RSI (~78) flags possible short-term cooling.

For live Dogwifhat (WIF) price updates, technical analysis, and market trends, visit Coinpedia’s Dogwifhat page.

Dogwifhat (WIF) Breakout Signals: Bollinger Bands Expansion & 50-Day SMA Indicate Bullish Momentum

Dogwifhat (WIF) price has delivered a sharp 133% rally in the past month, reviving interest after a long period of consolidation. Historically, WIF/USD chart shows the coin skyrocketed to a year high of ~$4.85 in March 2024 but later declined, eventually setting a post-cycle low around $0.35.

From February to early April 2025, the WIF price formed a multi-month accumulation zone ($0.35–$0.50), with price action compressed within tight ranges. This was accompanied by flat Bollinger Bands, signalling low volatility and indecision.

WIF broke out of the accumulation phase in early April, pushing above the $0.70 resistance level. This breakout was supported by expanding Bollinger Bands, which confirmed a surge in volatility and renewed trend momentum. The price is now trading above its 50-day SMA, a classic signal of a trend reversal.

The Bollinger Bands continue to widen, with the price hugging the upper band—a hallmark of strong breakout moves.

However, with RSI pushing into the overbought zone (~78), traders should keep an eye on possible short-term consolidation or pullbacks before the next major leg higher.

Open Interest & Volume Surge: Bullish Conviction Strengthens

CoinGlass data paints a compelling picture of Dogwifhat’s on-chain strength during its breakout. The Open Interest chart shows WIF futures OI climbing from ~$120M in mid-April to over $270M by May 9, 2025, a +125% jump, confirming increasing leveraged positions.

The Volume chart highlights that daily trading volume doubled from around $400M in early April to over $900M by May 9, 2025, matching the price rally and indicating strong market depth.

The Spot Inflow/Outflow chart showed a critical net inflow of +$2.83M on May 9, 2025 (price ~$0.675), and a significant outflow of -$4.70M on April 28, 2025 (price ~$0.616), indicating whales and large traders were strategically accumulating and moving tokens out of exchanges—typically a bullish signal showing intent to hold.

WIF Trader Sentiment: Net Buying Trends and Holder Count Indicate Growing Dogwifhat Adoption

Dune Analytics charts offer further validation of this breakout’s strength. The Buys vs. Sells chart shows that on April 25, 2025, there were 1,397 net buy transactions while the price traded around $0.60, indicating a major wave of accumulation at breakout levels.

As of May 10, 2025, net buying remained solid with 473 net buys as the price hovered near $0.80, signaling ongoing trader confidence even at higher levels. The WIF Total Holders chart records a rise to 225,098 total holders, and the Holders vs.

Price chart confirms that while WIF price surged in April–May, the number of unique wallets stayed stable and even slightly increased—showing long-term holders are not exiting en masse but staying put, which supports price sustainability.

Is $1.50 Within Reach for WIF?

Dogwifhat’s 133% rally, fueled by a breakout above $0.70 and strong on-chain metrics—Open Interest rising from $120M to $270M and volume doubling—signals solid bullish momentum.

Whale outflows and net buying reinforce accumulation, but RSI (~78) warns of overbought conditions. As long as WIF holds $0.70–$0.85 support, a push toward $1.50 within the next 1–2 weeks remains likely.

Traders should watch for short-term pullbacks near $1.00 before any sustained breakout.

The post Dogwifhat (WIF) Eyes $1.50 After 133% Breakout: Can Bulls Maintain Momentum? appeared first on Coinpedia Fintech News
Key Highlights: WIF surged 133% in 30 days, breaking out of a multi-month accumulation zone. Price eyes $1.50 next, with $1.00 as a key resistance to watch. On-chain data shows rising Open Interest and whale activity fueling the rally. Recent inflow hints at potential profit-taking; RSI indicates overbought conditions. Analysts maintain a cautiously bullish outlook …

Ripple vs SEC Settlement Makes XRP the Sole Regulated Crypto in The U.S

The post Ripple vs SEC Settlement Makes XRP the Sole Regulated Crypto in The U.S appeared first on Coinpedia Fintech News

Ripple Labs has nearly closed its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). As part of the settlement, Ripple will pay a reduced fine of $50 million, while the SEC officially acknowledges that XRP is not a security on public exchanges.

This move positions XRP as the only clearly regulated cryptocurrency in the United States, igniting a wave of enthusiasm across the market.

Ripple vs SEC Settlement After Years of Legal Battle

After years of courtroom drama, the SEC has agreed to settle its lawsuit against Ripple Labs and its top executives, Brad Garlinghouse and Chris Larsen. Initially, Ripple was ordered to pay a fine of $125 million, but under the new deal, $75 million will be returned, and Ripple will only pay $50 million.

The SEC and Ripple will jointly ask the court to terminate the previous injunction, officially bringing an end to their legal dispute and cancelling ongoing appeals.

SEC Clarifies Stance: No Admission of Fault

In its press release, the SEC emphasized that while it is settling, this does not indicate it was wrong in its legal claims. Instead, the move signals a strategic shift in how the SEC approaches crypto regulation.

The agency further clarified that this settlement applies exclusively to Ripple and will not impact other crypto-related enforcement actions.

Regulatory Shift Under New US Administration

According to Italian crypto expert Fabio Zuccara, the Biden administration’s stance on crypto has evolved—shifting from “destructive” to “constructive.” He also highlighted that multiple crypto lawsuits have been dropped recently, indicating a more balanced regulatory direction.

XRP Price and Trading Volume Soar

The news has caused a major surge in XRP trading activity. The daily trading volume spiked from $1.2 billion to $4.2 billion, and the price climbed rapidly:

  • May 1: $2.19
  • May 8: $2.32 (9.5% daily jump)
  • May 10: $2.37 (2.4% 24-hour surge)

In total, XRP has gained nearly 11.92% since May 8, and is up 7.6% over the last seven days.

What’s Next for XRP and Ripple?

Zuccara states that XRP now holds a unique advantage as the only crypto with legal clarity in the U.S.—a factor that may boost institutional investment and corporate adoption.

With the lawsuit behind them, Ripple is expected to resume global expansion, focusing on cross-border payments and liquidity solutions using XRP.

Earlier reports suggested the legal fight had distracted Ripple from its core business operations, but the company can now refocus on innovation and growth.

Institutional Interest in XRP Grows

Ripple’s legal clarity is already paying off. Recently, CFTC-regulated XRP futures products were launched in the U.S., signaling increased institutional confidence in the digital asset.

Conclusion

The Ripple-SEC settlement marks a historic turning point in U.S. crypto regulation. With XRP now legally recognized and regulated, it opens a new path for other crypto firms seeking similar clarity.As regulatory uncertainty fades, Ripple is poised for global growth, and XRP may emerge as the go-to digital asset for institutions and enterprises alike.

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Ripple Labs has nearly closed its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). As part of the settlement, Ripple will pay a reduced fine of $50 million, while the SEC officially acknowledges that XRP is not a security on public exchanges. This move positions XRP as the only clearly regulated cryptocurrency …

SEC Commissioner Blasts Ripple Deal: “A Gutting of Crypto Enforcement”

In a recent public statement, SEC Commissioner Caroline Crenshaw fiercely opposed the Commission’s settlement with Ripple and accused it of doing a “tremendous disservice” to retail investors.

The Ripple case has been a cause célèbre in the crypto community for obvious reasons. It represented the extent of regulatory overreach in the Gensler era, and Ripple’s win was ultimately a positive development for the entire sector.

Crenshaw Rejects SEC’s Ripple Settlement

The Ripple vs SEC case has been a landmark saga in US federal crypto enforcement. After weeks of deliberation, the Commission finalized a settlement with Ripple yesterday, agreeing to return $75 million collected as a previous fee.

However, Commissioner Crenshaw disputed the SEC’s decision with a cutting open letter.

“If Ripple decides tomorrow to sell unregistered XRP tokens to institutional investors—in plain defiance of the court’s order—this Commission will do absolutely nothing about it.” she claimed

Last December, political maneuvering from the Senate’s pro-crypto faction defeated Crenshaw’s efforts to win another SEC term.

Since then, she has carried on the legacy of Gary Gensler, publicly criticizing the Commission’s pro-crypto turn on several recent occasions. Today’s Ripple letter is one of several such statements, and she did not mince words.

The thrust of Crenshaw’s argument was essentially that the SEC hasn’t fully restructured US crypto policy yet. Whether or not the Commission can successfully loosen rules in the future, “that does not somehow alter the rules that were in place at the time that Ripple violated them.”

In other words, she claimed that the Ripple settlement stands on a non-existent framework.

To be clear, her issue is not necessarily that the SEC mended fences with Ripple. Instead, Crenshaw worries that the SEC had insufficient grounds to void its own prior judgments.

Crenshaw further claimed that this policy is doing more than favoring the crypto industry — it undermines the SEC itself. The Commission’s lawyers are publicly arguing against positions they held less than six months ago, creating chaos and uncertainty.

Ultimately, she thinks this uncertainty will disproportionately harm retail investors. It seems that Crenshaw continues to soldier Gensler’s ethos alone, while both the SEC and crypto industry move on.

“Our agency is, I fear, worried that the appellate court would issue a sound ruling that agreed with the legal arguments already laid out by the Commission. That would undermine the agency’s new apparent mission of dismantling our crypto enforcement program and eroding investor protections. For these reasons, I cannot support our settlement,” Crenshaw added.

Caroline Crenshaw isn’t the only official to question the SEC’s war on crypto enforcement actions. Senator Elizabeth Warren recently voiced concerns about the Commission’s political independence. These concerns are also of vital importance to the crypto industry itself.

During the Gensler era, federal regulators’ reputation in the crypto community suffered massively due to clear examples of gross overreach. Now that the industry has unprecedented political influence, it might overreact in a few ways. Legal clarity and a laissez-faire outlook will help businesses, but they also need credible regulators.

The post SEC Commissioner Blasts Ripple Deal: “A Gutting of Crypto Enforcement” appeared first on BeInCrypto.

US Bitcoin ETFs Reach Lifetime Record Inflows Despite Recent Losses

Latest data claims that Bitcoin Spot ETFs surpassed their previous inflows record. Inflows currently sit at $40.33 billion, despite over $5 billion in outflows during the last two months.

Despite the climate of Extreme Fear in the crypto markets, Bitcoin ETFs saw comparatively limited losses during this period. By reclaiming this record so quickly, the market demonstrated an impressive resilience.

Bitcoin ETFs Break Inflow Records Again

Since the Bitcoin ETFs first launched in 2024, they’ve totally transformed the crypto industry. Analysts called BlackRock’s IBIT “the greatest launch in ETF history,” reflecting their outsized market appeal.

Today, the data reflects another encouraging victory for Bitcoin ETFs, as their inflows surpassed an all-time record set in February:

Bitcoin ETF Inflows Reach All-Time Record
Bitcoin ETF Inflows Reach All-Time Record. Source: James Seyffart

Shortly after Bitcoin Spot ETFs surpassed $40 billion in inflows, the market saw a massive reversal. Over $5 billion in outflows devoured all the gains in 2025, causing issuers to partially offload their BTC reserves.

These firms collectively had a ravenous demand for Bitcoin, so their collective market dumping raised concerns of broader trouble.

These losses were clearly caused by fears of a recession and the threat of Trump’s tariffs. However, a recovery began in late April.

Even as Bitcoin ETFs started their rebound, inflows fell to a 2025 low. This dynamic is part of why ETF analyst Eric Balchunas finds this metric so useful in market analysis: it’s very difficult to fake.

“Lifetime net flows is the most important metric to watch in my opinion: very hard to grow, pure truth, no BS. [It’s] impressive [that] they were able to make it to new high water mark so soon after the world was supposed to end. Byproduct of barely anyone leaving, left only a tiny hole to dig out of,” Balchunas claimed over social media.

In other words, the crypto community’s “diamond hands” mentality may have defined this sharp turnaround. At the height of the tariff panic, markets were in Extreme Fear, the lowest level of investor confidence since the FTX collapse.

In this light, these products performed extremely well. Two months later, the Bitcoin ETFs are enjoying consistent inflows yet again.

Of course, this inflow record doesn’t guarantee that everything will remain sunny for BTC ETFs. Bitcoin recently reclaimed $100,000, sparking a surge in inflows for this market, but a few bearish signs linger in options trading.

For now, however, this accomplishment is very noteworthy. The ETFs’ successes have been explosive, and Bitcoin has seen increasing TradFi liquidity in recent weeks.

The post US Bitcoin ETFs Reach Lifetime Record Inflows Despite Recent Losses appeared first on BeInCrypto.

SUI Open Interest Surges to $1.82 Billion – More Rally Ahead or Corrections?

SUI has experienced an impressive price rally, rising nearly 20% in just two days. This surge marks the continuation of a near three-week uptrend fueled by rising interest from SUI enthusiasts. 

As the market shows growing optimism, the altcoin has caught the attention of investors, setting the stage for further price movement.

SUI Traders Are Hopeful Of Gains

The Open Interest in SUI has surged by 28% in just 48 hours, jumping from $1.42 billion to $1.82 billion. This $400 million increase signals a growing interest in the Futures market, with traders eager to capitalize on the altcoin’s bullish momentum. 

The positive funding rate further supports this outlook, indicating that long positions are dominating short positions. This suggests that traders expect the price of SUI to continue rising, contributing to the overall bullish sentiment surrounding the coin.

The rising Open Interest and positive funding rate indicate that more capital is flowing into SUI, reinforcing its position in the market. As more traders take long positions, this momentum could propel the price even further, creating a positive feedback loop.

SUI Open Interest.
SUI Open Interest. Source: Coinglass

Technical indicators also support SUI’s overall macro momentum. The Chaikin Money Flow (CMF) is currently at a near four-month high, signaling that inflows are outweighing outflows.

This uptick suggests that investors are actively seeking to capitalize on the rising price of SUI, further driving demand. 

As more capital enters the market, SUI’s upward momentum could continue, pushing its price higher. The increase in the CMF reflects the broader market’s positive sentiment and suggests that the altcoin’s rally is supported by strong investor confidence.

SUI CMF
SUI CMF. Source: TradingView

SUI Price Is Continuing Its Rise

SUI’s price has risen by nearly 20% in the last 48 hours, trading at $3.96 at the time of writing. The altcoin is now approaching the key resistance level of $4.05.

Successfully breaching this barrier would help maintain the nearly three-week uptrend and could set the stage for further price gains. This level is crucial for the continuation of the rally.

If SUI manages to flip $4.05 into support, it would open the door to further upward movement. The next potential targets would be $4.79 or even higher, with $5.00 becoming a realistic possibility.

A sustained rally beyond this point would signal strong bullish sentiment and further price appreciation.

SUI Price Analysis
SUI Price Analysis. Source: TradingView

However, if SUI fails to breach $4.05 and experiences a reversal, it could drop to $3.59. Losing this support level would indicate a potential weakening of the bullish momentum, with the price potentially falling to $3.18.

If this happens, it would invalidate the current uptrend and shift the market sentiment towards a bearish outlook.

The post SUI Open Interest Surges to $1.82 Billion – More Rally Ahead or Corrections? appeared first on BeInCrypto.

BlackRock Warns of Quantum Computing Threat in Bitcoin ETF Risk Disclosure

BlackRock has updated its S-1 registration statement for the iShares Bitcoin Trust (IBIT), introducing new language that outlines the potential risks posed by quantum computing.

This revision, filed on May 9, reflects growing industry awareness of how advanced computing technologies could impact cryptographic systems used in digital assets.

BlackRock Flags Theoretical Quantum Risks to Bitcoin Security

In the filing, the asset manager warned that future advancements in quantum computing may undermine the security framework underpinning Bitcoin.

Should quantum technology evolve far beyond its current state, it could render the cryptographic algorithms used by Bitcoin obsolete.

This could allow malicious actors to exploit vulnerabilities, including gaining unauthorized access to wallets that store Bitcoin for the trust or its investors.

While quantum computing is still developing, BlackRock emphasized that the technology’s full capabilities remain uncertain.

However, the firm considers it important to disclose any theoretical threats that could affect the performance or security of its crypto investment products.

Bloomberg ETF analyst James Seyffart said the update is a key factor that is standard in ETF filings. He explained that issuers routinely list all potential threats, no matter how remote.

“To be clear. These are just basic risk disclosures. They are going to highlight any potential thing that can go wrong with any product they list or underlying asset thats being invested in. It’s completely standard. And honestly makes complete sense,” Seyffart added.

Notably, BlackRock’s filing also covers concerns about regulatory actions, energy consumption, mining concentration in China, network forks, and prior market events like the collapse of FTX.

BlackRock's IBIT Flows.
BlackRock’s IBIT Flows. Source: SoSoValue

Despite these warnings, IBIT remains the largest spot Bitcoin ETF on the market. It has recorded 19 consecutive days of inflows, attracting more than $5.1 billion during the reporting period.

Ethereum ETF Filing Adds In-Kind Redemption Structure

In a separate filing, Seyffart revealed that BlackRock also amended its S-1 application for its spot Ethereum ETF.

The new version includes plans to support in-kind creation and redemption—a model allowing investors to swap ETF shares directly for Ethereum, instead of using cash.

This structure could lower transaction costs and reduce market friction. It also avoids converting crypto into fiat currency, which is currently required under the cash-based model. The approach may help issuers minimize price slippage and save on trading fees.

The SEC has yet to approve in-kind redemption models for crypto ETFs, but analysts expect progress this year.

“Eric Balchunas & I expect SEC approval for in-kind at some point this year…Notably, the first application for any of the Ethereum ETFs to allow In-kind create/redeem has a final deadline around ~10/11/25,” Seyffart noted.

BlackRock’s filing follows the firm’s meeting with the US Securities and Exchange Commission (SEC) to discuss crypto ETF staking and securities tokenization.

The post BlackRock Warns of Quantum Computing Threat in Bitcoin ETF Risk Disclosure appeared first on BeInCrypto.

Solana Price Hits 2-Month High, but Breaking the $200 Barrier is Challenging

Solana has seen impressive price gains recently, reaching a two-month high and coming close to breaching the $180 mark. 

However, it faces a crucial resistance level that has kept the altcoin from pushing past $200. With market conditions and investor behavior at play, the journey to $200 may be challenging for Solana.

Solana Investors Move To Sell

Many Solana (SOL) holders are choosing to book profits, contributing to a rising Realized Profit/Loss ratio. This indicator has surged to 15.0, signaling that excessive selling could be a concern. Historically, when this ratio crosses the 10.0 threshold, it often leads to short-term price corrections.

This profit-taking behavior could also exacerbate market volatility, potentially delaying or halting Solana’s rally. The influx of sales could weigh on the price, even as Solana has managed to make significant gains over the past month. 

As a result, SOL could be facing a reversal.

Solana Realized Profit/Loss Ratio.
Solana Realized Profit/Loss Ratio. Source: Glassnode

Solana’s technical indicators also suggest that its bullish momentum might be nearing saturation. The Relative Strength Index (RSI) currently sits above 70.0, placing Solana in the overbought zone. 

This suggests that the altcoin’s rally could be reaching its peak, similar to what occurred in mid-January 2025, when Solana’s price saw a drop after hitting similar levels. The RSI, combined with investor behavior, signals that Solana’s price may be nearing a short-term decline.

Solana RSI
Solana RSI.. Source: TradingView

SOL Price Faces An Old Enemy

Solana’s price has surged by 61% over the last month, trading at $170 at the time of writing. The altcoin is just under the resistance of $180, not too far from the long-awaited $200 mark.

If the current momentum continues, Solana could break past this resistance and rally towards the $200 milestone, sparking further interest and investment.

However, the factors discussed above may cause concern for Solana’s price. The combination of increased selling pressure and overbought technical indicators could lead to a reversal.

In this case, Solana’s price may fall to $161 or lower, with the $148 level potentially becoming the next key support. This would keep the 3-month barrier of $180 intact, delaying the long-awaited breakthrough.

Solana Price Analysis.
Solana Price Analysis.. Source: TradingView

On the other hand, if the SOL being sold is absorbed by new investors, and the price can hold its gains, Solana may push past the $180 resistance. This would open the path to $200, invalidating the bearish outlook and continuing its bullish trend. Such a move would require sustained market confidence and demand to overcome the current barriers.

The post Solana Price Hits 2-Month High, but Breaking the $200 Barrier is Challenging appeared first on BeInCrypto.

Superstate CEO Launches Platform To “Replace Crypto Assets With Equities” – SOL Strategies Makes First Bet!

Superstate Launches New Platform To Bring SEC Registered Shares OnChain

Superstate New Platform:- The tokenization of Real World Assets is the biggest bet that the web3 firms are focusing as of now.

In another groundbreaking update, the Solana Infra company, SOL Strategies, has announced its plan to bring registered shares On-chain.

For this, SOL Strategies has team up with Superstate to bring its SEC-registered public equities and get them trading on blockchain networks.

This comes after on Thursday, Superstate launched a platform – Opening Bell. It allows companies to issue SEC-registered shares directly onto blockchain.

Superstate’s New Platform – Opening Bell

Superstate last month in March unveiled its transfer agent with the US Securities and Exchange Commission – Superstate Swrvices LLC. Using this SEC-registered transfer agent, it will record and tokenize the actual shares of the companies via Opening Bell.

According to the company’s blog post, for already publicly traded companies, it will open a new capital market all while maintaining compliance with existing securities regulations.

For companies not yet public, it will allow them to start trading in the crypto market and raise from crypto investors. They will also have a future option to move to traditional stock exchanges like the Nasdaq or NYSE.

Superstate’s Opening Bell platform aims to modernize capital markets by offering features such as 24/7 trading, instant settlement, and global accessibility.

Thus, the platform is designed to support both existing public companies and late-stage private firms seeking more flexible access to liquidity.

SOL Strategies Makes First Bet on Superstate’s Platform

The first company to utilize Opening Bell is SOL Strategies. As a Canada-based firm focused on investing in and providing infrastructure for the Solana blockchain ecosystem, SOL Strategies is listed on the Canadian Securities Exchange (CSE) with Ticker symbol HODL

SOL Strategies plans to list its shares on the platform. This marks a significant step towards integrating traditional equity markets with blockchain technology.

Interestingly, the announcement comes after SOL Strategies acquired 122,524 $SOL on May 6.

Chart
SOL Strategies Stock

Also Read: US Treasury Slam Senate For Blocking GENIUS Act

Can it Replace the Current Crypto Assets Trading on Blockchain

Superstate CEO Robert Leshner said in a recent interview, “Opening Bell aims to bring traditional public equities into Blockchain.”

It will allow investors to trade the publicly listed shares of equities on traditional exchanges as well as on the blockchains like Solana, Ethereum.

CEO Robert also said, “there is also an opportunity to replace the assets that are trading currently – mostly memecoins and crypto native tokens – and complement them with new asset – equity.

Indeed, this  can be a transformative shift in the kind of assets available for trade on blockchains. They’re generally memecoins and native crypto assets of the respective blockchains.

However, crypto assets like Bitcoin, Ethereum, stablecoins, DeFi tokens exist to store value. They fuel decentralized apps and protocols, collateralize loans, pay transaction fees, govern networks, etc.

While tokenized shares are ownership stakes in real‐world companies. They’re regulated just like the paper or book‑entry shares we’d buy on a traditional exchange. With Superstate’s Opening Bell, they will only now they live on‑chain.

Thus, Opening Bell isn’t designed to “wipe out” existing crypto‑asset trading. It will simply add a whole new asset class (tokenized public shares) to the same blockchains where we already trade ETH, BTC, stablecoins, etc.

Also Read: Jeffy Yu Death Controversy

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BNB Price Targets $700 as Binance Chain Fees Drop 90% After CZ Proposal

BNB Price Targets $700 as Binance Chain Fees Drop 90% After CZ Proposal

Binance Coin (BNB) price eyes massive gains past $700 after fees on the BSC Chain dropped by 90% after a recent proposal filed by Changpeng Zhao (CZ) passed. The declining fees have seen the blockchain hit a one-year milestone, making the case for a sustained upward trend.

At press time, BNB trades at $634 with a 3% gain in 24 hours. Its gains follow a strong bullish momentum across the broader crypto market as Bitcoin price topped $100,000, pushing altcoins higher.

BNB Price Targets $700 as Two Bullish Patterns Emerge

BNB price may be on the verge of an upswing towards $700 as teased by the double-bottom pattern formation on the daily chart. The bullish trend depicted in this pattern will be confirmed if the coin can overcome resistance at the $644 neckline, as this will unlock the next bullish leg.

The target price for this double-bottom pattern is $732, and if the coin can reach this point, BNB eyes gains past $1,000.

The double-bottom pattern is not the only indicator of a strong bullish sentiment, as BNB has also flipped resistance at the upper trendline of a symmetrical triangle. This also supports a bullish Binance Coin price prediction that a rally to all-time highs is looming.

BNB Price Targets $700 as Binance Chain Fees Drop 90% After CZ Proposal
BNB/USDT: 1-day Chart

Meanwhile, technical indicators, including the AO histogram bars and the MACD, show that bears are no longer in control as the bullish momentum grows strong.

Binance Chain Fees Drop 90% After CZ Proposal

The recent decline in gas fees on the Binance chain may be the catalyst for the next BNB price rally towards all-time highs. Data from BSC Scan shows that the blockchain’s fee has dropped by 90% from 1 gwei to 0.1 gwei.

BNB Price Targets $700 as Binance Chain Fees Drop 90% After CZ Proposal
Binance Chain Fees

This decline comes a few days after Binance founder Changpeng Zhao suggested that the network’s fees be lowered 3x or 10x. The current gas fees on the BNB chain are now 40x times lower than the 4 gwei on Ethereum, according to data from etherscan.

The declining fees have not only bolstered bullish sentiment towards the BNB price but also increased network usage. Data from DeFiLlama shows that the network’s Total Value Locked (TVL) has increased past $8 billion to the highest level since January 2024.

BNB Price Targets $700 as Binance Chain Fees Drop 90% After CZ Proposal
BNB Chain DeFi TVL

At the same time, the total DEX volumes on the Binance Chain have soared to a six-week high of $2.12 billion. As the network’s usage and activity continue to rise, the price of Binance Coin will record a significant uptrend.

Therefore, as the fees on Binance Chain drop by 90% to 0.1 gwei, the network has recorded a notable surge in activity, which translates to gains for the BNB price. Moreover, the double-bottom pattern formation alongside a symmetrical triangle hints that the coin is on the verge of a major bullish breakout that may propel it past $700.

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