Author: Monicah W

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.

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.

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.

The post Solana Price Predicted to Hit $750 as Eric Trump Fires 10-Year Warning at US Banks appeared first on CoinGape.

Ripple has released one billion XRP from escrow in a move that has triggered discussions across the cryptocurrency market. This development comes after a noticeable shift in the company’s typical XRP release pattern, which has been consistent since 2017.

Ripple Unlocks 1 Billion XRP in Three Large Transactions

According to the blockchain data service Whale Alert, Ripple unlocked one billion XRP in three separate transactions on May 3, 2025. The transaction amounted to 500 million, 300 million, and 200 million XRP. According to XRP’s trading price at the time, these transfers amounted to more than $2.2 billion.

The release came two days later than the usual monthly schedule. Historically, Ripple has unlocked one billion XRP on the first day of each month. Whale Alert shared the details of each transaction through its social media platform, confirming that the movements originated from Ripple’s escrow wallet.

Ripple started its monthly escrow routine in 2017. This system was designed by the company, to guarantee a constant and predictable supply of XRP, in order to facilitate market liquidity. Originally Ripple was going to put 55 billion XRP into escrow with one billion released each month for 55 months.

Changes to the XRP Release Strategy

This month’s release occurred after Ripple locked 700 million XRP into escrow on May 2. This is the third consecutive month Ripple has made such a move before its standard release. A similar sequence happened in April and March, which may suggest a shift in strategy.

Traditionally, around 700 million XRP gets relocked after every release, and we are seeing no change in that pattern. However, a new detail in this case is that the lock is executed before the release, not after. As a result, Ripple’s current approach to managing liquidity and the XRP distribution have become a matter of question.

However, Ripple has yet to issue an official statement to explain the reason for changing the timing. Meanwhile, some market participants speculate that this new pattern may be a result of recent market dynamics, or internal policy changes. The company, however, has not confirmed any of this at this point.

XRP Price Performance Amid Ripple Unlock

As of early May, XRP price is trading between $1.96 and $2.50. Analysts have noted that the asset is currently undergoing a consolidation phase. According to chart readers, XRP price has been holding above key support zones, including the 0.5 Fibonacci retracement and historical resistance at around $1.80.

Crypto analysts Casitrades has shared her technical outlook. She stated, “We’re seeing a possible back-test of the $2.25 level, and a move to $1.90 remains in play.” According to the analyst, the current RSI shows exhaustion, suggesting a potential short-term dip before a bounce higher.”

While the overall sentiment remains neutral in the short term, several long-term traders continue to watch the $2.25 resistance closely. If XRP can hold above that level, higher price targets such as $2.68 and $3.00 remain on their radar.

The post Breaking: Ripple Unlocks 1 Billion XRP from Escrow Account, Is A Sell-Off Ahead? appeared first on CoinGape.

The post Thumzup Media to Raise Up to $200M to Purchase More Bitcoins appeared first on Coinpedia Fintech News

• Thumzup Media Corporate adopted Bitcoin as a treasury reserve asset akin to Strategy.

• The company intends to sell common stock, preferred stock, and warrant units to strengthen its BTC holdings.

Thumzup Media Corporation (NASDAQ: TZUP), a Los Angeles-based Software-as-a-Service (SaaS) company focused on social media marketing and advertising, filed Form S-3 with the United States Securities and Exchange Commission (SEC) to offer up to $200 million. The company announced that it may partake in one or more offerings to sell common stock, preferred stock, warrants units, or a combination of the securities

“Unless otherwise indicated in a prospectus supplement, we intend to use the net proceeds from the sale of securities under this prospectus for general corporate purposes, including for the purchase of Bitcoin as our primary reserve asset,” the company noted.

Thumzup adopted Bitcoin as a treasury reserve and has since accumulated around 29 BTCs. In the long haul, Thumzup intends to hold up to 90 percent of its surplus in Bitcoin. Moreover, the company is determined to rank among the top 70 publicly traded companies holding Bitcoin.

Impact on Bitcoin Price Action

According to data from BitcoinTreasuries, around 190 entities, led by public companies, hold more than 3.26 million BTCs. The entrance of nation-states in the Bitcoin market has accelerated its adoption by institutional investors seeking to hedge against macroeconomic uncertainty and high inflation.

Bitcoin price is expected to follow the global money supply (M2) and gold in rallying parabolically, catalyzed by heavy demand. From a technical analysis, BTC price is well positioned to reach a new all-time high before the end of the second quarter of 2025.

The post Thumzup Media to Raise Up to $200M to Purchase More Bitcoins appeared first on Coinpedia Fintech News
Thumzup Media Corporate adopted Bitcoin as a treasury reserve asset akin to Strategy. The company intends to sell common stock, preferred stock, and warrant units to strengthen its BTC holdings. Thumzup Media Corporation (NASDAQ: TZUP), a Los Angeles-based Software-as-a-Service (SaaS) company focused on social media marketing and advertising, filed Form S-3 with the United States …

The post Litecoin Price Prediction: Is Now a Great Opportunity to Buy LTC? appeared first on Coinpedia Fintech News

• Litecoin price has moved in tandem with Bitcoin price in the past 30 days, amid ongoing gradual bullish breakout.

• The anticipated approval of spot Litecoin ETFs in the United States has sparked a sharp uptick in demand by institutional investors.

The rise of Bitcoin (BTC) price above $95.5k in the past two days, has sparked a surge in altcoin speculation, led by Litecoin (LTC). The demand for risky crypto assets has helped LTC price signal bullish sentiment, in the near future, especially after consolidating in the past few years. 

According to the latest market data, LTC price surged over 14 percent in the last two weeks to trade about $87.38 on Friday, during the late North American session.

Midterm Expectations for LTC Price 

In the weekly timeframe, LTC price has respected a rising logarithmic trend established in the past six years. Following the recent rebound, LTC price is well positioned to retest its all-time high above $359 in the near term.

For leveraged crypto traders, placing a stop loss slightly below $62 and a midterm target of about $359 will present a loss-to-win ratio of 0.42 to 2.9. The midterm bullish sentiment for LTC price is bolstered by the fact that the altcoin has formed higher high and higher low since late 2022 to date.

Fundamental Outlook for Litecoin Network

The Litecoin network has experienced significant growth in the past few years, catalyzed by the rising demand from institutional investors. Several fund managers – led by CoinShares, Grayscale, and Canary Capital – are seeking to offer spot LTC ETFs in the United States, in the near future. 

As a result, the volume of larger transactions than $100k on the Litecoin network surged by $52.33 billion in the past seven days. According to market data from IntoTheBlock, LTC price recorded a correlation with BTC of 0.88 out of 1 in the past 30 days.

The post Litecoin Price Prediction: Is Now a Great Opportunity to Buy LTC? appeared first on Coinpedia Fintech News
Litecoin price has moved in tandem with Bitcoin price in the past 30 days, amid ongoing gradual bullish breakout. The anticipated approval of spot Litecoin ETFs in the United States has sparked a sharp uptick in demand by institutional investors. The rise of Bitcoin (BTC) price above $95.5k in the past two days, has sparked …

Cardano founder Charles Hoskinson is in the spotlight as he recently hinted at major changes to expect ahead of the Ouroboros Leois update. Among the key things to expect, according to Hoskinson, is that AI agents may be deployed for stress-testing Ouroboros Leois.

Charles Hoskinson on the Cardano Ouroboros Leios

The Cardano Founder disclosed this in an X post, raising discussions within the community. Hoskinson announced a testnet for the Leios protocol, a research initiative to boost Cardano’s transaction throughput. This initiative is part of a broader 2025 roadmap, as Cardano aims for scalability and quantum resilience. 

Notably, the Cardano founder explained that the Leois testnet will be populated by thousands of AI agents to trade amongst each other. This strategy is important to stress-test the network’s speed, security, and scalability before involving tangible assets or users. It is also an exciting opportunity for Cardano Decentralized Applications (DApps) to leverage high-speed trading with AI.

Simply explained, AI agents are software programs that use machine learning models to process real‑time data and make fast decisions. These agents function as decision-makers. They process input from their environment, evaluate it using sophisticated algorithms, and act promptly to meet objectives.

The Ouroboros Upgrade: Key Takeaways

Ouroboros Leios is a significant redesign of Cardano’s Ouroboros consensus, still in prototyping. This transformative upgrade is designed to achieve scalability and throughput, pushing Cardano beyond its current limits. 

It targets faster block processing to scale Cardano for global DApps and paves the way for advanced Decentralized Finance (DeFi). Leois also ensures the efficiency of the Cardano blockchain while maintaining decentralization and protocol security. 

Full development could take another year or two, reflecting Cardano’s methodical, research-driven approach.

Can Cardano Leios Compete With Ethereum Pectra

Like Cardano, the Ethereum network is close to launching a new update called Pectra. The upgrade is expected to increase the network’s scalability and security. Pectra promises to make staking even greater and adds a few usability boosts. 

Pectra faced many challenges, including failing to finalize on the Holesky and Sepolia testnets.  However, developers soon devised a strategy to stabilize the Holesky testnet environments, hastening the upgrade.

Hopes remain high that Pectra can revitalize Ethereum and pave the way for innovations throughout the EVM stack. Lower fees would benefit the Ethereum network and its Layer-2 solutions, such as Optimism.

Pectra rivals Cardano’s Ouroboros Leios, with an expected mainnet launch in May. Both upgrades offer promise; thus, many are watching to see their overall impact, but not really which network emerges as the winner.

The post Charles Hoskinson Teases AI Agents Will Testrun Ouroboros Leios appeared first on CoinGape.

Bitcoin price edges towards $97,000 as institutional demand builds, led by Metaplanet’s expansion into the U.S. Bitcoin finance ecosystem.

Bitcoin (BTC): Strategic Expansion Drives Long-Term Price Outlook

Bitcoin (BTC) price hit a 70-day peak of $97,822 on Friday, with Coingecko data shows showing 3.0% gains over the week and 15.4% in the last 14 days.Among the week’s major bullish catalyst, Japanese firm Metaplanet’s announces the decision to enter the U.S. market, to double-down on the strategic BTC acquisition plan.

On Thursday, the Tokyo-listed Bitcoin investor announced it will establish a wholly owned U.S. subsidiary, Metaplanet Treasury, based in Miami, Florida.

Operations are expected to begin in May 2025 with an initial $10 million investment focused on increasing BTC exposure and optimizing capital allocation across jurisdictions.

Market Impact: Metaplanet’s U.S. Play May Anchor Bitcoin’s Global Liquidity Base

Despite a limited short-term price reaction, Metaplanet’s U.S. expansion may significantly influence Bitcoin’s market structure in the months ahead. BTC has risen 64.7% year-on-year, with public companies and sovereign entities increasingly adding Bitcoin to their balance sheets.

More so, Bitcoin’s growing dominance versus altcoins reflects increasing capital preference for BTC scarcity mechanism and security preferences, at corporate investors react to macroeconomic uncertainty.

Now, with direct access to U.S. banking infrastructure, OTC trading desks, and Bitcoin custodians, Metaplanet’s Miami office will allow more agile execution, dollar-cost averaging, and integration with American financial standards.

Miami’s mayor and state-level regulators have long promoted pro-Bitcoin frameworks, making it an attractive jurisdiction for strategic treasury operations.

More so, Metaplanet’ cross-border investment trend may inspire other Asian firms to follow suit.

As BTC remains anchored near $97,500, supported by strong year-to-date performance and credible corporate adoption, Metaplanet’s move hints at a coming wave of globally aligned Bitcoin treasury models — with the U.S. at the core.

Bitcoin Price Forecast Today: $110K rally target ahead before  $250 breakout

Bitcoin price forecast today leans decisively bullish after clearing critical resistance levels, but the widely discussed $250,000 target remains a tall order in the near term.

For now, price action suggests a more achievable upside path toward $110,000, which has emerged as a realistic technical target given current momentum.

Trading around $96,970, BTC has decisively broken above all key moving averages — the 50-day (red), 100-day (green), and 200-day (blue)  in a move supported by rising volume and strong daily candle closes.

The 200-day SMA near $90,200 and the 100-day SMA at $90,005 now form a solid support base after being convincingly reclaimed in April.

Notably, BTC price has nows remained above the 100-day SMA for six consecutive sessions, reinforcing the bullish conviction.

While a retracement remains possible, particularly toward the $92,000–$90,000 zone, the momentum will likely remain bullish unless BTC closes below the 200-day average. A clean break past $98,000 could accelerate the move toward $110,000.

The post Bitcoin Price Predicted to Reach $250,000 as Japanese Investor Metaplanet Opens Miami Office appeared first on CoinGape.

Peter Schiff has questioned Bitcoin’s role as a hedge against inflation, stating that its recent trading patterns do not support the claim. Schiff, known for his strong stance on gold, argued that Bitcoin continues to behave more like a tech stock than a store of value.

Peter Schiff Criticizes Bitcoin’s Inflation Hedge Narrative

Amid ongoing economic uncertainty in the US, Peter Schiff has renewed his skepticism toward Bitcoin’s utility as a hedge against inflation. According to Schiff, recent price action shows that Bitcoin still mirrors the behavior of tech stocks rather than that of gold.

“Bitcoin has not decoupled from the NASDAQ,” Schiff said in a recent post, adding that investors concerned about inflation should focus on gold instead. He argued that Bitcoin lacks the stability needed to serve as a reliable store of value and remains susceptible to broader market swings.

Peter Schiff also noted that the rise in Bitcoin’s price appears more related to investor speculation and macroeconomic developments than to intrinsic monetary properties. He continued to warn that Bitcoin may not offer the same long-term protection for wealth as traditional safe-haven assets.

Senator Lummis Links Bitcoin to National Debt Relief

Senator Cynthia Lummis has also entered the discussion by connecting Bitcoin adoption to broader economic policy. In a public statement, she endorsed the BITCOIN Act as a possible solution to address the United States’ $36 trillion national debt.

According to Lummis, the current administration has shown willingness to consider digital assets, and thus passing the BITCOIN Act is “the only solution to our nation’s $36T debt.” Even with limited details, the proposal marks growing interest by policymakers in exploring alternative financial systems.

Lummis, known for her pro-Bitcoin stance, has consistently supported legislative efforts that encourage adoption and regulatory clarity. However, while MicroStrategy (MSTR) announced a first quarter 2025 loss of $16.49 per share stemming from a $5.9 billion writedown from the drop in price in Bitcoin earlier this year.

However, MicroStrategy remains one of the largest corporate holders of Bitcoin and says it is willing to grow its holdings. To point to long term value in the asset, Saylor said he intended to raise up to $84 billion to acquire additional Bitcoin.

Market Conditions Boost Bitcoin’s Momentum

Bitcoin price rose over 14% in April, benefiting from easing inflation data and growing expectations of interest rate cuts. The PCE inflation rate came in at 2.3% year over year, reinforcing the view that the Federal Reserve may consider lowering interest rates in upcoming meetings.

Moreover, US President Donald Trump recently urged Federal Reserve Chair Jerome Powell to cut interest rates ahead of the next Federal Open Market Committee (FOMC) meeting. Trump claimed that there is “no inflation” and that current economic conditions warrant a looser monetary stance.

Analysts noted that Bitcoin’s performance continues to outpace traditional equity markets. While the S&P 500 has remained mostly flat, Bitcoin’s rise has been supported by easing trade tensions, favorable macro data, and renewed institutional interest.

Different Views from Peter Schiff’s on Bitcoin Role

Jurrien Timmer, Director of Global Macro at Fidelity, commented on Bitcoin’s dual characteristics, comparing it to both gold and speculative technology assets. Unlike Peter Schiff, he noted that Bitcoin can behave differently depending on broader financial conditions.

“Bitcoin has a Dr. Jekyll and Mr. Hyde personality,” Timmer said, explaining that it sometimes acts as hard money but also trades like a risk asset. He added that Bitcoin’s performance has historically been tied to growth in the global money supply and equity markets.

Timmer also shared data showing a recent divergence between gold and Bitcoin based on their Sharpe ratios. He pointed out that gold currently holds a higher Sharpe ratio, indicating more consistent risk-adjusted returns, but suggested that Bitcoin could outperform again if liquidity conditions become more favorable.

According to Glassnode long-term holders continued adding over 254,000 BTC in recent months, demonstrating confidence. However, as BTC prices approach $99,900, the risk of increased sell-side pressure may rise.

The post Peter Schiff Warns Bitcoin Is No Hedge Against Inflation Despite Recent Price Surge appeared first on CoinGape.