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Binance founder Changpeng Zhao (CZ) has revealed that his exchange allowed users to buy, hold, and sell XRP tokens amid the Ripple-SEC case. CZ’s latest comments come as Ripple eyes a resolution to the case while institutional interest in XRPL heats up. Binance Did Not Delist XRP, Says Changpeng Zhao As Ripple signals a close
The post Binance Never Delisted XRP During Ripple Lawsuit, CZ Comments appeared first on CoinGape.
The post Mega Bullish: SOL Strategies Announces $500M to Buy More Solana appeared first on Coinpedia Fintech News
SOL Strategies Inc. (CSE: HODL), an investment company focused on the development and growth of the Solana (SOL) ecosystem, has announced the largest deal geared towards acquiring more SOL coins. On Wednesday, April 23, during the mid-North American trading session, SOL Strategies announced that it had inked an agreement with ATW Partners to issue a convertible note of up to $500M.
According to the announcement, SOL Strategies will issue the notes in an aggregate amount of $20 million as its first initial closing. The first tranche of the deal will close by May 1, 2025.
The agreement will offer an additional capacity of up to $480 million. The acquired SOLs will be staked and the yield generated shared among the investors.
“This is the largest financing facility of its kind in the Solana ecosystem and the first ever directly tied to staking yield. By securing up to half a billion dollars in strategic capital, we are doubling down on our conviction in Solana and our commitment to being the leading institutional staking platform. Every dollar deployed is immediately yield-generating, and accretive to both our balance sheet and our validator business. This structure is not only innovative, it is highly scalable,” Leah Wald, Chief Executive Officer of SOL Strategies, noted.
The convertible notes will play a crucial role in the long-term growth prospects for the Solana network. Furthermore, its success will attract more institutional investors, and bolster SOL’s bullish sentiment ahead.
From a technical analysis standpoint, SOL price has successfully rebounded following the 42 percent rally in the past two weeks. In the daily timeframe, the SOL price has been forming a megaphone structure, with the next target above $300.
Moreover, the daily MACD and Relative Strength Index (RSI) indicators have already flashed bullish sentiment.
The post Mega Bullish: SOL Strategies Announces $500M to Buy More Solana appeared first on Coinpedia Fintech News
SOL Strategies agreed with ATW Partners to issue a convertible note of up to $500M. The capital will exclusively be used for purchasing Solana coins, and staked to offer regular yields. Solana price will heavily benefit from the deal, especially after the recent bullish breakout. SOL Strategies Inc. (CSE: HODL), an investment company focused on …
Metaplanet, also popular as Japan’s MicroStrategy, announced a fresh purchase of 162 bitcoins for an investment value of $13.5 while buying the recent BTC dips. The announcement sent the stock price 8% higher past 3,500 JPY levels on Wednesday’s trading session. Furthermore, the company issued 2 billion JPY worth of bonds at 0% rate to fund additional BTC purchases.
Bitcoin price selling pressure has shot up this week ahead of the US CPI data release and macro uncertainties amid the Trump tariff war. The Japanese firm seems to be making the most of this opportunity by buying the dips.
On Wednesday, Metaplanet announced its latest Bitcoin acquisition, purchasing 162 BTC for approximately $13.5 million, with an average purchase price of $83,123 per Bitcoin. Additionally, the company reported a year-to-date (YTD) BTC yield of 53.2% in 2025, delivering impressive returns despite a volatile crypto market.
As of March 12, 2025, Metaplanet holds a total of 3,050 BTC, acquired at a cumulative cost of roughly $253.7 million, with an average purchase price of $83,180 per Bitcoin. Nearly 50% of its total BTC holdings have been purchased in 2025 so far only.
Earlier today, the firm announced that its Board of Directors has approved the issuance of its 8th Series of Ordinary Bonds to EVO FUND. The JPY 2 billion (approximately $18.2 million) bond issuance is part of the company’s strategy to acquire Bitcoin. The announcement comes just two days after MicroStrategy announced its plans to raise $21 billion for Bitcoin purchases.
According to the notice, the funds raised will be specifically allocated for Bitcoin purchases, as per the plans detailed in its January 28, 2025 notice regarding Stock Acquisition Rights.
Following today’s development, the stock price gained 7.93% moving all the way to 3,605 levels. Amid the current market volatility, the stock has been range bound between 3,300 to 4,000 JPY levels.
Despite the strong selling pressure in BTC over the past few weeks, long term holders and Bitcoin whales have been strategically accumulating at every fall. As per the data from CryptoQuant, Bitcoin whales have accumulated over 65,000 BTC in the last 30 days, even as the cryptocurrency faces ongoing market corrections.
While the accumulation may not have an immediate impact on Bitcoin’s short-term price, it indicates significant absorption by influential holders. BTC’s price is currently holding above the crucial support of $80,000; however, there have been rising calls for a dip under $70,000 before the long-term uptrend is resumed.
The post Metaplanet Stock Shoots 8% on News of 162 Bitcoin Purchases appeared first on CoinGape.
Pi Network price has fallen by 48% in one month, but the Pi Coin community remains optimistic that a surge in utility and institutional adoption from top banks will fuel a recovery. So far, Pi Coin has been adopted as a means of payment by multiple businesses. This has fuelled speculation that major banks on Wall Street will adopt Pi Network. If this happens, what will happen to PI price? Let’s explore.
Pi Network price has struggled under bearish headwinds in recent weeks. Factors such as token unlocks and concerns about transparency have impacted investor confidence and caused a lack of fresh interest from buyers.
However, Pi Network has also expanded its presence in the US after being named an affiliate member of Stanford. Pi Coin also entered the trillion-dollar US real estate market after being adopted by Florida-based Zito Realty.
These instances have fuelled speculation that the Pi Network token will receive the attention of leading US banks, including JPMorgan and Bank of America. If these banks adopt Pi Network to integrate blockchain in services like payments and remittances, Pi Coin price will surge.
Grok3 also estimates that if top banks start using Pi Network, the price will soar to as high as $30. It stated,
“A moderate estimate of $10–$30 is plausible if banks integrate PI for significant use cases, aligning with some analyst predictions.”
This bullish Pi Network price prediction is achievable as the project is quickly gaining adoption across the Web3 industry after the recent partnership with Banxa and integration with Chainlink Data Streams.
Meanwhile, popular analyst Dr Altcoin recently stated that one of the main factors that will prevent Pi Coin price from falling is institutional adoption. However, he also opined that the blockchain would have to undergo upgrades for this to happen.
The one-hour Pi Network price chart shows that the token is defending support at $0.60. Looking at past performance, this support level is crucial to the performance of the token. If Pi Coin can make a decisive close above this support level, it may record a relief rally. Conversely, if it breaches this support, it will cause a downswing.
If Pi Coin extends its rally above this support level, it faces the next resistance at $0.64. Moving above this level will place the next target price for the token at $0.73.
Meanwhile, the MACD line is rising, despite remaining in the negative region. This suggests that the downtrend is weakening. The MACD line needs to cross above the zero line to confirm that the trend has changed to bullish.
Considering the speculation that the Pi Network token may receive adoption from top US banks, bullish momentum is surging around it, which may spark a rebound. At the same time, the one-hour Pi Coin chart indicates the altcoin may be poised for a recovery after the recent dip.
The post How High Will Pi Coin Price Go If Major Banks Start Using Pi Network? appeared first on CoinGape.