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Fartcoin price has become one of the best-performing cryptocurrencies this month. It has surged by over 170% in the last 30 days, outperforming the stock market and top coins like Bitcoin and Ethereum. Fartcoin is still showing bullish signs, a trend that may be boosted if Solana price surges to $200.

Fartcoin Price Would Benefit if Solana Surges to $200

The ongoing Fartcoin surge has triggered more upside for some popular Solana meme coins. Dogwifhat has jumped by 37% in the last seven days, while Popcat, Cat in a dogs world, and Gigachad have soared by 20% and 50%, respectively.

The rally has also sparked a substantial Solana price comeback. After bottoming at $94.5 earlier this month, SOL has soared by 40% to $135, outperforming comparable tokens like Cronos and Avalanche.

This Solana rally has excited some crypto investors, some whom expect it to rebound to $200 eventually. Such a move would signal a 50% surge from the current level. Such a rebound is possible since the coin has a history of dropping and rising over time. 

For example, Solana price crashed to $168 on January 13 and then recovered by 75% to $295 a few days later. Also, as shown below, Solana plunged to $109 in August last year and then soared by 140% to $265 a few months later.

A renewed Solana surge would be highly bullish for meme coins in its ecosystem like Fartcoin, Bonk, and Dogwifhat.

Fartcoin Technical Analysis and Key Targets

Fartcoin price has soared after bottoming at $0.19 in March. It has soared by over 300%, making it the best-performing major coins in the market, and pushing its market cap close to the $1 billion mark. 

The token moved above the key resistance point at $0.6345 on April 9. This was a notable level since it was the upper side of the cup and handle pattern, a highly accurate continuation sign. 

This C&H pattern had a depth of 71%. The coin has now moved above the 25-day Exponential Moving Average (EMA), which is a bullish sign. 

Therefore, measuring 71% from the upper side of the cup brings the target price at $1.0730, which also coincides with the 61.8% Fibonacci Retracement level. That target would be a 20% above the current level. A move above that target would point to an increase to the 50% retracement point at $1.3732. A recent CoinGape article quoted an analyst who predicted that Fartcoin would soar to $1.29.

The bullish Fartcoin price forecast will be canceled if the price drops below the crucial support at $0.6345, the upper side of the cup. It would signal a potential drop to the lower side of the cup at $0.2125.

The post How High Can the Fartcoin Price Surge if Solana Soars to $200? appeared first on CoinGape.

The U.S. Securities and Exchange Commission (SEC) has pushed back the time to decide on a proposed rule change to enable staking within Grayscale’s Ethereum spot ETF products.

The proposal, under which the ETFs would earn extra yield by staking their Ethereum positions, was originally submitted by NYSE Arca on Feb. 14, 2025, and made available for comment in the Federal Register on March 3, 2025.

SEC Designates Longer Period For Grayscale Ethereum ETF Proposal

According to a notice released on April 14, 2025, the SEC has designated a longer period to take action on NYSE Arca’s proposal to amend the rules governing the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF.

The SEC’s decision comes after Grayscale filed 19b-4 for the Hedera ETF with the US SEC. The original 45-day review period would have concluded on April 17, 2025, but the SEC has now extended this deadline to June 1, 2025.

In its notice, the Commission stated it “finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.” The notice also mentioned that the SEC has received no public comments on the proposed rule change to date.

The SEC’s decision to extend the review period is a standard procedural move that gives the Commission additional time to evaluate the proposal thoroughly. Under Section 19(b)(2) of the Securities Exchange Act of 1934, the SEC has the authority to extend its review period from the standard 45 days to up to 90 days if it “finds such longer period to be appropriate and publishes its reasons for so finding.”

SEC’s Approval May Enable Grayscale To Join PoS

If approved, the proposal would be important to Ethereum ETFs because it would allow Grayscale products to become part of Ethereum’s proof-of-stake system. Staking means locking ETH so that the network is safe and runs smoothly, and in return, users get rewards. For ETF investors, this would mean making extra money aside from the appreciation in Ethereum’s price.

Grayscale’s Ethereum Trust ETF and Ethereum Mini Trust ETF already hold Ethereum but do not earn staking yield. The rule change under consideration would alter the way these funds work.

The Commission must decide either to approve the proposal to amend the rule, disapprove it, or institute a procedure to determine if the proposal should be disapproved by June 1, 2025. This deadline is consistent with the SEC’s conservative stance on the investment product of cryptocurrency.

If passed, the rule revision would potentially create a precedent for other Ethereum ETF issuers who may apply for similar relief for their funds. The determination could also give insight into the SEC’s evolving position on proof-of-stake involvement using regulated investment products. Grayscale had previously sought a Litecoin ETF from the SEC and an XRP ETF from the NYSE in January.

The post US SEC Delays Decision on Grayscale’s Ethereum Spot ETF Staking Proposal appeared first on CoinGape.

Cryptocurrency prices have bounced back in the past few days, helped by Donald Trump’s decision to pause tariffs on most countries. Bitcoin price soared to near $85,000, while top coins like Flare, Fartcoin, Ethereum, and Pepe have risen by double digits. This crypto price prediction explores why Trump may undo his 90-day tariff pause, leading to a retreat.

Stock and Cryptocurrency Price Rallied After Trump Paused His Tariffs

The stock and crypto market rebounded last week after Trump decided to put a 90-day pause on tariffs from over 70 countries. That action raised confidence that he was flexible and willing to negotiate with cooperating countries like Japan and South Korea.

The administration then announced that it would exempt tariffs on popular products like smartphones and semiconductors. The reason is that a 145% tariff on Chinese-made iPhones would have made them unaffordable to Americans. It would also have made it easier for people to compare prices before and after his tariffs. 

That decision has helped to lift most technology stocks, with the Nasdaq 100 index jumping by over 310 points. Apple shares jumped by 3.8%, while Microsoft soared by over 1.5%. Other tech stocks like NVIDIA and AMD jumped. 

A sustained rally of technology stocks would be a good thing for the crypto market since they are correlated. This explains why Bitcoin and other crypto prices like Fartcoin and Solana have rebounded in the past few days. 

Crypto Market Would Crash if Trump Ended His 90D Pause

The risk for the crypto price is that Trump is known for changing his mind frequently, especially when triggered by a Fox News story. 

For example, he changed his mind several times last week when he kept increasing tariffs on Chinese goods, ultimately getting to 145%. He then changed his mind by excluding smartphones and other electronics from his tariff list.

Therefore, he might feel bad now that China has not responded to his tariffs on electronics by lowering its own. Such a move would lead to a strong crypto price crash as recession risks rise.

Bitcoin Price Technical Analysis

The recent Bitcoin price action signals what to expect from another crypto price if he ends the 90-day pause. The daily chart shows that the coin has remained below the 50-day moving average, a sign that bearish pressure remains. 

This chart also shows that the coin is not moving in a defined trend. Therefore, a bearish breakdown to the support at $76,495, its lowest point on March 11 cannot be ruled out. A further drop below that level will signal more declines to $70,000. It would also trigger a deeper sell-off among other players in the crypto market.

The post Cryptocurrency Price Prediction: Will Trump Undo 90D Tariff Pause, triggering Stock and Crypto Market Crash? appeared first on CoinGape.

Canada is set to launch the world’s first spot Solana ETFs after receiving regulatory approval from the Ontario Securities Commission (OSC). The green light allows several issuers, including Purpose, Evolve, CI, and 3iQ, to list their Solana ETFs.

The new financial products will be available to investors starting April 16, 2025, marking an important development in the cryptocurrency investment space.

Canada Approves Multiple Spot Solana ETFs

According to Bloomberg analyst Eric Balchunas, the OSC approved multiple SOL ETFs today. These ETFs will hold actual Solana tokens rather than relying on futures contracts, offering investors direct exposure to the cryptocurrency.

Purpose, Evolve, CI, and 3iQ are among the firms that have secured approval to launch these innovative products.

The launch of these ETFs coincides with an upward surge in the price of Solana. Over the past week, the price of Solana has seen a notable increase of 25%. Experts suggest that the growing institutional interest in Solana, further bolstered by these ETF products, could soon lead to even greater price appreciation. As the world’s first spot Solana ETFs hit the market, the launch is a critical step forward for altcoin-based investment products.

Staking Features and Yield Benefits

The newly approved SOL ETFs will engage in staking, which offers potential benefits for ETF investors, including enhanced returns compared to traditional investments.

Staking can improve yields and offset holding costs, making these ETFs more attractive. However, according to Balchunas, TD Bank will assist in processing staking information but will not directly facilitate it.

Staking could provide an edge for SOL ETFs over other cryptocurrency ETFs, such as Ethereum-based ETFs, especially with US SEC delaying Grayscale’s ETH Spot ETF staking proposal. The yield from staking and the token’s performance could offer additional incentives for investors looking to diversify their portfolios.

Solana Whale Moves and Growing ETF Expectations in the US

The approval of spot SOL ETFs in Canada comes during heightened activity in the Solana market. Amid the market activity, a whale moved 762,416 SOL, worth approximately $101 million, according to Whale Alert.

In another instance, 790,427 SOL, valued at over $105 million, was moved between unknown wallets. These large-scale transactions suggest that whales, or large holders of Solana, are preparing for future moves, possibly in anticipation of the market momentum the new ETFs could trigger. The approval of the first spot Solana ETFs in Canada follows the recent launch of the first-ever XRP ETF, Teucrium 2x Long Daily, in the U.S.

Concurrently, several major firms have already filed for approval to offer SOL ETFs in the United States. These firms include Grayscale, 21Shares, Bitwise, VanEck, and Franklin Templeton. In addition to the Canadian approval, market expectations for the approval of SOL ETFs in the United States are rising. Polymarket traders now assign an 81% probability to approving a Solana ETF by the end of 2025, up from just 65% in early 2025.

The post Canada Approves Multiple Spot Solana ETFs To Launch This Week appeared first on CoinGape.

The Ripple USD (RLUSD) stablecoin has witnessed a surge of over 100% in its 24-hour trading volume. This development has occurred thanks to recent developments in the Ripple ecosystem, which will ultimately boost the stablecoin’s adoption.

Ripple USD Stablecoin Volume Surges Over 100%, Here’s Why

CoinMarketCap data shows that the Ripple USD stablecoin volume has surged by 120% in the last 24 hours, indicating increased activity around the stablecoin. This development is a positive for the stablecoin, which launched in December last year but has already achieved a market cap of almost $300 million.

The recent surge in the RLUSD stablecoin’s volume is thanks to developments such as Ripple’s 1.25 billion acquisition of the prime broker Hidden Road.

Following the announcement of the acquisition, the crypto firm mentioned that the move would reinforce the stablecoin’s position as an “enterprise-grade USD-backed stablecoin with real utility” as the prime broker leveraged it as collateral across its prime brokerage products.

As such, the stablecoin is already enjoying wider adoption, although the Hidden Road deal is still subject to regulatory approval. Another reason the Ripple USD stablecoin’s volume has surged is due to the crypto firm’s integration of the stablecoin into its payment service.

As CoinGape reported, Ripple integrated its stablecoin with its cross-border payment service, setting up the stablecoin for more enterprise adoption. With Ripple’s payment service booming, especially with the SEC lawsuit, the stablecoin will continue to enjoy wider adoption,, and its trading volume will likely continue to surge in the foreseeable future.

The RLUSD stablecoin’s volume has also surged thanks to Kraken’s recent listing of the stablecoin. Earlier this month, the top crypto exchange announced that the stablecoin is now available for trading, with deposits and withdrawals enabled. Kraken’s listing further provides more utility for the stablecoin as traders move to trade several crypto assets in their RLUSD pair.

Meanwhile, it is worth mentioning that the stablecoin’s surge undoubtedly provides a bullish outlook for XRP, as this surge indicates that more capital is flowing to the XRP Ledger (XRPL), which is also home to the altcoin.

The post Here’s Why Ripple USD (RLUSD) Stablecoin Volume Spiked Over 100% appeared first on CoinGape.

The post Kraken Rolls Out Commission-Free Stocks and Crypto Trading in A Major Expansion appeared first on Coinpedia Fintech News

Crypto Exchange Kraken has started rolling out commission-free trading for over 11,000 US listed stocks and ETFs. The service is now available for users in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia, who can trade stocks and ETFs directly within their Kraken account.

Seamless Trading of Stocks, Crypto, and More

Kraken users can now manage stocks, crypto, cash and stablecoins all at one place through the Kraken mobile app, Kraken Pro app or web platform. Besides, the platform also supports fractional trading on many assets which enables users to buy just a fraction of expensive stocks, instead of buying a whole share, which makes investing more easier and affordable for users. 

Nate Geraci, the President of ETF Store took to X to share the update with his followers.

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Kraken Launches Stock Trading via Kraken Securities

The move marks a major step into traditional finance (TradFi) as Kraken expands beyond crypto for the first time. It now allows clients to easily buy stocks with US dollars. Kraken now lets users reinvest instantly, trade fractional shares, and manage stocks and crypto in one place.

This move is powered by its new regulated division, Kraken Securities LLC, which is a new FINRA-regulated division of the company, making it easy to switch between crypto and stocks, all in one platform.

“Crypto isn’t just evolving, it’s becoming the backbone for trading across asset classes, such as equities, commodities, and currencies. As demand for 24/7 global access grows, clients want a seamless, all-in-one trading experience,” Arjun Sethi, Kraken’s co-CEO remarked. 

Kraken To Plan Global Rollout Soon

He added further that expanding into equities is a natural next step which brings them close to turning real-world assets into tokens on the blockchain. He believes that the future of trading will be ‘borderless’, 24/7, and based on crypto technology, where Kraken aims to lead the way. 

Moving further, Kraken also plans to expand traditional securities trading to the UK, Europe and Australia, while also introducing new features to enhance user’s trading experience. 

Kraken and Mastercard Team Up to Make Crypto Spending Easy

Recently, Kraken and Mastercard joined forces to make spending crypto easier in the EU. Now, users can pay with Bitcoin and other coins at over 150 million places at Mastercard-suppoted locations. This is a big step towards using crypto for everyday purchases.

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The post Kraken Rolls Out Commission-Free Stocks and Crypto Trading in A Major Expansion appeared first on Coinpedia Fintech News
Crypto Exchange Kraken has started rolling out commission-free trading for over 11,000 US listed stocks and ETFs. The service is now available for users in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia, who can trade stocks and ETFs directly within their Kraken account. Seamless Trading of …

The post Swedish MP Calls for Review of National Bitcoin Reserve appeared first on Coinpedia Fintech News

A Swedish Member of Parliament has officially requested a review on the establishment of a national strategic Bitcoin reserve. This proposal aims to assess the potential benefits and risks of adding Bitcoin to the country’s financial strategy. The move reflects growing interest in digital assets and their role in strengthening national economies. If approved, the review could mark a significant shift in Sweden’s approach to cryptocurrency and its potential as a reserve asset.

The post Swedish MP Calls for Review of National Bitcoin Reserve appeared first on Coinpedia Fintech News
A Swedish Member of Parliament has officially requested a review on the establishment of a national strategic Bitcoin reserve. This proposal aims to assess the potential benefits and risks of adding Bitcoin to the country’s financial strategy. The move reflects growing interest in digital assets and their role in strengthening national economies. If approved, the …