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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.
After a relatively flat April marked by decreased network demand and sideways price action, the second-largest cryptocurrency, Ethereum (ETH), may be positioned for a shift.
ETH holders are optimistic about May. This optimism is fueled by strengthening fundamentals, the anticipated Pectra upgrade, and renewed interest from institutional investors through spot ETH exchange-traded funds (ETFs).
In April, on-chain data showed a dip in user activity across the Ethereum network, while broader market stagnation kept ETH trading below key resistance levels.
According to Artemis, during the 30-day period, user demand for Ethereum plummeted, leading to a decline in the number of active addresses, daily transaction count, and consequently, its network fees and revenue.
This and the broader market downturn impacted ETH’s performance, causing the leading altcoin’s price to remain below the $2,000 mark throughout April.
However, in an interview with BeInCrypto, Gabriel Halm, a research analyst at IntoTheBlock, said that ETH’s price could break above the $2,000 price mark in May and stabilize above it.
For Halm, the improved capital inflows into ETH spot ETFs, Ethereum’s dominance in the coin’s decentralized finance (DeFi) vertical, and its upcoming Pectra upgrade could help bring this to fruition.
According to SosoValue, monthly net inflows into ETH ETFs totaled $66.25 million in April, signaling a shift in market sentiment compared to the $403.37 million in net outflows recorded in March.
This reversal from heavy outflows to modest inflows suggests that investor confidence in the altcoin is gradually returning. It indicates that institutional players may be positioning for a longer-term rebound, especially as Ethereum’s network fundamentals begin to improve, one of which is its climbing dominance in the DeFi sector.
Over 50% of the total value locked (TVL) in DeFi protocols still resides on the Ethereum blockchain. This means that the Layer-1 (L1) remains the preferred settlement layer for various financial applications, including lending, staking, yield farming, and decentralized exchanges.
Therefore, in May, if broader market conditions begin to improve, renewed capital inflows into Ethereum’s DeFi sector could, in turn, drive up demand for ETH and support its price rally.
Moreover, according to Halm, Ethereum’s upcoming Pectra upgrade, set to launch on May 7, 2025, could further aid ETH’s price performance this month. The upgrade promises to enhance the network’s scalability, reduce transaction fees, improve security, and introduce smart account functionality.
These improvements may fuel a surge in user demand throughout May, potentially lifting ETH’s price, provided macroeconomic conditions remain favorable.
Despite this, the broader economic pressures pose a significant risk to ETH in May. Halm noted that “the upcoming CPI report on May 13th will be particularly important, potentially influencing market sentiment and contributing to this volatility.”
This is because inflation or hawkish signals from the Federal Reserve could worsen the risk-off sentiment in the crypto market, putting pressure on ETH’s price.
Halm also pointed out that ETH’s price remains tightly correlated with US equities. Therefore, if equity markets face renewed stress this month due to inflation fears or rate hike expectations, the altcoin may come under similar pressure.
“Looking ahead to May, if this high correlation persists, it implies that Ethereum’s vulnerability to market downturns and inflation-related pressures would likely be similar to that of traditional risk assets like those in the S&P 500. A downturn in the general market or increased concerns about inflation impacting equities could therefore negatively affect ETH’s price,” said Gabriel Halm, research analyst at IntoTheBlock,
While a sustained push above $2,000 remains possible, any rally will likely depend on inflation trends, risk sentiment in traditional markets, and how tightly ETH remains tied to equities.
The post What to expect from Ethereum (ETH) in May appeared first on BeInCrypto.
The post SUI Crypto Price Breaks $3.89: Bullish Momentum Signals $11 Target Ahead appeared first on Coinpedia Fintech News
The crypto market has rebounded from an earlier price depression, raising optimism among investors. Even in mid-May, the SUI price crossed the $4 mark and was among the lead performers in the altcoins lineup.
Even when writing the SUI price, it is still hovering near $3.9, despite the market being in a cooldown period. This shows how fundamentally strong SUI crypto is, and that is why it is trying to sustain above important Fibonacci levels.
In Q2 2025, the SUI price has stayed in a higher-highs and higher-lows structure and followed the 20-day EMA band dynamic support. Technically, the SUI seems poised for a run. Even experts are positive that soon it will break its $5.37 high and reach a target beyond $11.
Moreover, the recent market capitalization of $13 billion reflects its increasing significance in the market. Importantly, the Q1 correction appears much like a calculated retest and not a breakdown when seen in Q2 of 2025.
Also, all the price points on both short and long-term charts still respect the key structural points. Even on-chain metrics support its bullish narrative. Keep reading to know more.
In a recent analysis, an expert highlighted the resilience of the SUI crypto, which has successfully maintained its Inverse Head & Shoulders breakout after surpassing the neckline around $3.65 to $3.75.
With the current price hovering around $3.89, SUI continues to hold above essential support levels, reinforcing a bullish outlook.
#SUI Update: Bullish Structure Intact – Retest in Progress$SUI is holding its Inverse Head & Shoulders breakout. After breaking the neckline around $3.65–$3.75, price pushed up to $3.94 and is now pulling back — retesting the breakout zone.
This is a healthy retest, keeping… pic.twitter.com/HT545JqYq9
— Rose Premium Signals
(@VipRoseTr) May 20, 2025
Maintaining a position above the $3.65 to $3.70 range is vital for confirming the strength of this bullish setup, while a drop below $3.60 could invalidate the positive pattern.
While another analyst says on the weekly chart, the SUI price has been moving within this ascending wedge pattern, with consecutive impulsive waves to the upside.
The analyst, based on his technical perspective, highlights that SUI is getting ready for its next major move, and per his SUI price projection he projects an target upto $11.50 next.
Bullish on the future of $SUI
?
From a technical perspective, #Sui is getting ready for its next major move up.(currently in the consolidation process).
Since its creation, $SUI has been moving within this ascending wedge pattern, with consecutive impulsive waves to the… pic.twitter.com/r5PUyiRMZs
— Bitcoinsensus (@Bitcoinsensus) May 21, 2025
The social volume indicates a continuation of the ongoing short-term trend, and a rise in the social volume also indicates the rising awareness regarding SUI crypto.
Furthermore, the development activity reflects the level of activity in the form of ongoing projects and developments in the crypto. The developer’s activity shows that it is on the rise, which means the number of pure developments on its GitHub repository is increasing with time.
Both these metrics are important factors that highlight the long-term reliability of a project.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post SUI Crypto Price Breaks $3.89: Bullish Momentum Signals $11 Target Ahead appeared first on Coinpedia Fintech News
The crypto market has rebounded from an earlier price depression, raising optimism among investors. Even in mid-May, the SUI price crossed the $4 mark and was among the lead performers in the altcoins lineup. Even when writing the SUI price, it is still hovering near $3.9, despite the market being in a cooldown period. This …
The post Solana (SOL) to $77 or What? Bulls and Bears Face Off appeared first on Coinpedia Fintech News
Solana (SOL), the world’s sixth-largest cryptocurrency by market cap, is gaining massive attention from Binance traders. Recently, data from the on-chain analytics firm Coinglass revealed that 79% of top traders on Binance are going long on SOL, despite the bearish market sentiment.
According to expert technical analysis, SOL appears bearish despite the ongoing price recovery. On April 6, 2025, SOL broke down from its prolonged key support level of $115 and also closed a daily candle below that level, a level it had held since March 2024.
This breakdown has pushed SOL into an extremely bearish phase. However, the ongoing price recovery appears to be a retest of the breakdown level.
Based on the recent price action and historical momentum, if SOL remains below the $115 level, there is a strong possibility it could decline by 30% and reach the $77 level in the near future.
This bearish outlook is strongly supported by momentum indicators such as the Relative Strength Index (RSI) and the 200-day Exponential Moving Average (EMA) on the daily time frame.
As of writing, SOL was trading near $107 and had registered a price drop of over 1% in the past 24 hours. Meanwhile, the asset showed a strong recovery, having hit a low of $95.6 during the Asian market session. Amid this significant price fluctuation and market volatility, SOL’s trading volume has skyrocketed by 185% during the same period.
While examining the on-chain metrics, it appears that whales, investors, and long-term holders have seized the opportunity to accumulate SOL at the current price level, according to the on-chain analytics firm Coinglass.
Data from spot inflow/outflow reveals that exchanges have seen an outflow of approximately $140 million worth of SOL over the past 24 hours. This substantial outflow suggests potential accumulation and could lead to buying pressure.
However, due to the prevailing bearish sentiment, a strong upside rally may be difficult to achieve.
The post Solana (SOL) to $77 or What? Bulls and Bears Face Off appeared first on Coinpedia Fintech News
Solana (SOL), the world’s sixth-largest cryptocurrency by market cap, is gaining massive attention from Binance traders. Recently, data from the on-chain analytics firm Coinglass revealed that 79% of top traders on Binance are going long on SOL, despite the bearish market sentiment. Source: Coinglass Solana (SOL) Price Action and Upcoming Levels According to expert technical …