Canary Capital has filed an amended version of its Solana ETF with the US Securities and Exchange Commission (SEC) to improve the fund’s offerings. As part of the amendment, the asset manager has updated the ETF’s name to reflect its new partnership with Marinade Finance for SOL staking. Canary Capital Files Amended Solana ETF Prospectus A recent SEC filing shows that the asset manager has filed an amended version of the registration statement for its SOL ETF. As part of the changes, Canary Capital has changed the fund’s name to ‘Canary Marinade Solana ETF.’ As Bloomberg analyst James Seyffart noted, the amendment reflects the partnership with Marinade Finance for SOL staking in the ETF wrapper. The Solana DeFi protocol had also teased about the partnership yesterday, while hinting at a big announcement today. The Gensler-led administration had pushed back against staking being included in any ETFs, which is why… Read More at Coingape.com
The Shiba Inu price is gaining attention today as innovative gaming integrations help burn tokens and reward players, while the project takes significant steps toward full decentralization as Shiba Inu enters its fifth year. Backed by strong community sentiment and reduced exchange reserves, SHIB is now showing potential for a breakout in the near term.
Lucie Reveals That Gaming Adds Utility and Burns Supply
The Shiba Inu gaming initiatives are designed in a way that not only engages players but also strengthens its tokenomics.
The Games in the Shiba Inu’s ecosystem have a unique way, first it rewards participants with SHIB tokens, while the transactions that are conducted via Shibarium mainly contribute to token burning.
Meanwhile, its core ecosystem lead, Lucie, pointed out that it has no dedicated treasury or direct access to token reserves, and many are claiming to be building something for SHIB, but it’s all exaggerated stuff, because Lucie says there are none so far.
Also, SHIB is a people’s coin and has its own USP, so replacing SHIB or claiming they are new SHIB is scammers. The Lucie further mentioned that the real holders of SHIB must stay, hold, and keep pushing its price.
Market Sentiment Supports Bullish Structure
The Shiba Inu price today is trading around $0.00001393, marking a 6% daily gain with a market capitalization of $8.20 billion. Trading volume over the past 24 hours stands at $229.07 million, reflecting growing activity.
Technically, on the daily chart, the SHIB price chart has formed a symmetrical triangle pattern over the past three months.
If SHIB breaks above the upper resistance, it could confirm a bullish reversal. Some market observers see potential for significant percentage gains if the pattern plays out well, though execution will depend on sustained buying pressure.
Furthermore, the X account named “ShibInfo” suggested that a similar structure is currently in play on the SHIB price chart.
The shared image revealed that in 2021, the rally occurred in 3 phases, where 1st and 2nd phases were led by minor gains, and most of the part was its consolidation led by accumulation, and the third phase was the parabolic rally phase.
Likewise, in 2025, these two phases will have passed, and the third phase could begin at any moment in future sessions.
On-Chain Data Signals Long-Term Holding
In addition to technical patterns, the on-chain metrics present a bullish picture, too. This is due to the assets Exchange reserves have dropped significantly, indicating that holders’ outflow to self-custody wallets increased.
This trend suggests a long-term holding mentality, which can reduce selling pressure in the market and increase bullish sentiment.
The Shiba Inu price forecast narrative benefits from this on-chain trend, as lower exchange supply can support upward momentum during periods of heightened demand and reduced supply.
The post Could Reduced Reserves Fuel the Next Shiba Inu Price Rally? appeared first on Coinpedia Fintech News
The Shiba Inu price is gaining attention today as innovative gaming integrations help burn tokens and reward players, while the project takes significant steps toward full decentralization as Shiba Inu enters its fifth year. Backed by strong community sentiment and reduced exchange reserves, SHIB is now showing potential for a breakout in the near term. …
SEC Chair Paul Atkins has pledged to reshape crypto regulation, promising clear rules for asset issuance, custody, and trading. Speaking at the SEC’s crypto roundtable, he criticized past enforcement-led tactics. While Atkins pushed for reform, Commissioner Crenshaw urged caution, and Commissioner Uyeda pointed to tokenization’s potential for market efficiency.
Atkins Vows Clear Crypto Guidelines
New SEC Chair Paul Atkins said on Monday that the agency is making big changes in how it handles cryptocurrency. He shared plans for setting clear rules around how crypto assets are issued and stored, calling it a “new day” for the SEC.
Atkins, who was appointed by President Donald Trump, explained the changes during the SEC’s latest crypto task force roundtable.
He said, “A key priority of my chairmanship will be to develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for issuance custody and trading of crypto assets while continuing to discourage Bad actors from violating the law.”
Atkins made it clear that the SEC’s existing rules don’t work well with blockchain. He didn’t hold back in criticizing how the agency handled crypto in the past, saying, “First, they buried their heads in the sand, hoping crypto would go away. Then, they shifted to a shoot-first, ask-questions-later style of enforcement.”
Because of this confusion, many companies have been left unsure about how to follow the law when issuing crypto assets. Atkins said it’s time for clear rules that actually make sense for blockchain and new technology.
Atkins Targets Crypto Custody Rules and Urges Overhaul
Atkins called crypto custody one of the biggest regulatory issues and criticized SAB 121 as a major mistake that confused the market. He argued the SEC had overstepped and pushed for rules that support self-custody, which often offers stronger security than traditional methods.
Atkins suggested updating custody rules to let advisors and funds self-custody assets when appropriate and replacing the current broker-dealer framework with something more practical.
He also pushed for modernizing crypto trading rules, allowing platforms to handle both securities and non-securities, and revamping ATS regulations to better fit digital assets. “We cannot encourage innovation by forcing companies offshore,” he warned, calling for smart regulatory exemptions to keep U.S. firms competitive.
On the other hand, commissioner Caroline Crenshaw urged caution on tokenization, warning that the concept is often misunderstood or misapplied. She called on the industry to clearly define whether tokenization refers to digital versions of existing assets or a completely new trading system.
Crenshaw highlighted that any innovation must be thoroughly tested and truly useful, not just driven by market hype. She also stressed the SEC’s duty to protect all investors, regardless of how advanced the technology appears.
In contrast, Commissioner Mark Uyeda pointed to the benefits of tokenization. He said it could boost market efficiency through smart contracts and improved liquidity.
The post SEC Chair Atkins Unveils Crypto Reform Plan to Tackle Regulatory Challenges appeared first on Coinpedia Fintech News
SEC Chair Paul Atkins has pledged to reshape crypto regulation, promising clear rules for asset issuance, custody, and trading. Speaking at the SEC’s crypto roundtable, he criticized past enforcement-led tactics. While Atkins pushed for reform, Commissioner Crenshaw urged caution, and Commissioner Uyeda pointed to tokenization’s potential for market efficiency. Atkins Vows Clear Crypto Guidelines New …
The crypto market is gaining today, May 7, ahead of the FOMC meeting in which Fed Chair Jerome Powell is expected to announce an interest rate decision. The market has already priced in zero rate cuts, and the focus is on Powell’s speech and whether he will signal cuts in June. If the Fed Chair makes a dovish speech, USA altcoins will be a good choice for crypto investors to buy, as they are poised to make notable gains.
Altcoins on Edge Ahead of Fed’s Powell Speech
Investors are in consensus that the Fed will leave rates unchanged between 4.25% to 4.50% at today’s meeting. However, attention is shifting to what Powell will say in his speech, with analyst Daan Crypto stating,
“The Fed is expected to keep rates the same. The market will be eager to watch for any dovish or hawkish changes in their tone, which has been pretty mixed recently.”
Data from CME FedWatch Tool further shows that 30% of investors expect the Fed to trim rates in June, and this figure will likely change based on what Powell says today. If the speech builds optimism, crypto prices, especially USA altcoins, are poised to rally as investors rush to buy.
CME FedWatch Tool
Moreover, President Trump will likely react to Powell’s speech today and the Fed’s failure to lower rates. This reaction may also spike the market’s volatility, as was the case last month when crypto prices dropped after Trump openly criticized Powell.
If Powell’s speech is hawkish, traders should anticipate a price crash for Bitcoin and altcoins, as this will mean a stronger dollar that will affect demand for risk assets. In a note to investors, the Commonwealth Bank of Australia acknowledged this, saying,
“Another possible source of support for the dollar is today’s (Fed) meeting… if Chair Powell strikes a hawkish tone to assert his independence from political influence.”
As speculation about the impact of this event on crypto prices grows, investors may consider to buy USA altcoins as these will likely perform well if Powell is dovish and if his speech also supports recovery for the greenback.
USA Altcoins to Buy Today For Notable Gains
Some of the best USA altcoins to buy today for notable gains include Ripple (XRP), Solana (SOL), and Chainlink (LINK). These crypto tokens have a bullish outlook and strong fundamentals that could aid a notable price recovery based on the direction that the Fed takes after the FOMC meeting.
XRP Price Targets $2.94
If the Fed’s speech is bullish for crypto tokens, XRP is one of the top USA altcoins to buy for notable gains as it tests resistance at the 50-day SMA level of $2.17, and if it can successfully move above this price to aim for $2.40, it will create the next bullish leg to $2.94. However, this uptrend will occur if the AO bars shift to green and rise to indicate that the momentum is bullish.
XRP/USDT: 1-day Chart
Solana Price Defends Support, Aims for $180
The price of Solana is defending a key support level at $139, as the volume histogram bars indicate that buyers have been dominant in the last three days. Meanwhile, the RSI above 50 confirms a bullish Solana price prediction as the Bollinger bands tighten to suggest a looming breakout. If the breakout occurs, traders should anticipate a move past $180, making SOL among the best made-in-USA altcoins to watch.
SOL/USDT: 4-Hour Chart
Chainlink Price Eyes Gains As Long Positions Surge
The Chainlink price forecast is also bullish after the long/short ratio on the Binance exchange showed that 65% of traders have opened long positions on the token. The build-up in long positions suggests that most futures traders are bullish on this USA altcoin and anticipate notable gains. This outlook could see more investors flock to buy LINK, and this will be even more possible with a dovish speech by the Fed Chair.
LINK Long/Short Ratio
Summary of Top USA Altcoins to Buy
The crypto market will likely extend gains if the Fed Chair signals interest rate cuts in June while giving his speech today. If this happens, some of the top USA altcoins to buy for notable gains include XRP, SOL, and LINK, which eye notable gains as the technical outlook and futures data show a bullish outlook.
