Chainlink is playing an advanced role in Hong Kong’s push for cross-border payment functionality for its central bank digital currency (CBDC) experiments. Leaning on Chainlink’s infrastructure, participants in the pilot will attempt to move tokenized funds between Australia and Hong Kong. Chainlink Powers Cross-Border Fund Transfers Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has been tapped to
Ethereum price is dips 3% to hit $2,520 on Friday, bullish territory, with strong institutional accumulation signals stregthening key support levels.
BTCS Inc. Arranges Financing to Fund $57.8 Million of Etherereum (ETH) Resereve
Ethereum (ETH) found support amid a tame altcoin market trend on Thursdsy. While the likes of Cardano (ADA) and Solana (SOL) posted 4% losses apiece ETH managed to limit lossses to 3.2% on the day.
Ethereum’s resilient showing is linked to a critical statement from BTCS Inc. announcing a significant $57.8 million financing deal aimed at expanding its Ethereum holdings and validator infrastructure.
Ethereum Price Action, May 16, 2025 | Coingecko
The structure of the agreement includes an initial $7.8 million tranche and room for an additional $50 million, demonstrating institutional-level confidence in Ethereum’s long-term trajectory.
The convertible notes carry a hefty 194% premium at $5.85 per share, which not only reflects optimism but also mitigates short-term dilution unless BTCS stock appreciates considerably. Furthermore, the CEO’s personal commitment of $95,000—and $200,000 from a related trust—adds credibility to the bullish stance on ETH.
Strategically, BTCS is modeling this initiative after MicroStrategy’s Bitcoin playbook, but with a clear Ethereum-specific twist: recurring validator income. Unlike BTC holdings, Ethereum provides staking rewards, and BTCS plans to scale this revenue stream via its Builder+ platform. This means ETH functions not only as a store of value but also as a yield-bearing asset integrated into core operations. If Ethereum continues to rise alongside network demand, BTCS stands to benefit from both capital appreciation and validator-based cash flow.
What’s Next?
Ethereum’s steady price consolidation above $2,500 puts it in a favorable technical position as the market assesses macro and regulatory risks. Should price maintain its hold above this level, supported by fresh institutional inflows like those from BTCS, the path toward reclaiming the $2,700 to $2,800 resistance range remains viable.
More importantly, ETH price withstanding external shocks from the FTX-induced sell-offs, reduced volatility relative to its altcoin peers. If staking demand, validator scaling, and institutional ETH strategies continue to expand, Ethereum may enter a structurally stronger phase, with a long-term target at the $3,000 level.
Ethereum forecast today points to renewed bullish potential as price action consolidates firmly above $2,500, with technical indicators supporting a continuation move toward $2,800.
Despite modest retracement pressure in recent sessions, ETH remains structurally intact, with Bollinger Bands showing a steady upper band expansion, affirming bullish volatility. Friday’s close at $2,549.89—right at the session high. This signals strong intraday recovery and suggests dip buyers are defending the range lows with conviction.
The RSI, currently at 72.33, continues to hover in overbought territory but shows signs of stabilizing, reflecting healthy momentum without excessive froth. The price remains above both the VWAP and mid-band support, signaling control remains with buyers.
Ethereum Price Action, May 16, 2025 | Coingecko
As institutional interest deepens, highlighted by BTCS Inc.’s newly announced $57.8 million Ethereum accumulation strategy, an early rebound remains on the cards.
In the event bulls maintain control above $2,500 and momentum continues to hold above RSI 70, the next logical resistance sits near $2,800. On the flipside, decisive break below the $2450 this level could open the path toward $2,200 in the medium term.
Cardano’s lacklustre performance over the past week has prompted some of its largest holders to begin selling their coins. On-chain data reveals that ADA whales holding between 100 million and 1 billion coins have collectively offloaded over $160 million worth of the asset within the last seven days.
This wave of distribution suggests waning confidence among the ADA large holders, adding further pressure to an already fragile market.
Cardano Whale Sell-Off Deepens Bearish Sentiment
According to Santiment, over the past week, Cardano whale addresses that hold between 100 million and 1 billion ADA have sold 170 million coins, valued at over $106 million at current market prices.
This wave of distribution signals a negative shift in sentiment among whales. Their decision to offload such a large volume of tokens adds pressure to ADA’s already struggling price.
Moreover, this trend could also influence retail traders to follow suit, exacerbating the selling pressure and further reducing the chances of an ADA price rebound in the near term.
The coin’s weighted sentiment is also currently negative, confirming the growing bearish bias across the market. At press time, this is at -0.20.
This on-chain metric analyzes social media and online platforms to gauge the overall tone (positive or negative) surrounding an asset. When its value is below zero like this, the overall market sentiment regarding the asset is bearish.
Per Santiment, ADA’s weighted sentiment has remained below zero since March 8, indicating that bearish discussions and outlooks continue to outweigh bullish ones.
This persistent negativity suggests a heightened risk of prolonged price decline, as traders appear reluctant to re-enter or increase their exposure to the asset.
Bearish Momentum Builds for ADA
On the daily chart, readings from ADA’s Relative Strength Index (RSI) support this bearish outlook. As of this writing, this key momentum indicator, which tracks an asset’s oversold and overbought market conditions, is at 46.47.
The RSI indicator ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a decline. On the other hand, values below 30 signal that the asset is oversold and could witness a rebound.
At 46.47, the downward tilt of ADA’s RSI suggests weakening momentum and the potential for further losses if buying pressure does not return soon. In this scenario, ADA’s price could fall to $0.50.
On May 3, 2025, Justin Sun, the founder of TRON, revealed a significant upgrade to the TRON ecosystem. The news caused a surge in TRX prices, but it was also overshadowed by a security breach: the official TRON DAO Twitter account was hacked, and scammers used it to steal user funds.
TRON’s Major Update Sends TRX Price Skyrocketing
Sun’s announcement about the TRON upgrade led to an immediate market reaction. Within the first hour, TRX saw a 7.2% price increase, rising from $0.122 to $0.130. Trading volumes surged by 43%, with 1.2 billion TRX traded across major exchanges like Binance, OKX, and KuCoin.
On top of this, on-chain data from TronScan showed a 15% jump in transaction volume, with over 5.8 million transactions processed on the TRON network by 1:00 PM UTC. These numbers highlight the strong market interest and growing adoption of TRON’s latest improvements.
Hack of TRON DAO Twitter
While TRON’s upgrade grabbed the spotlight, a more troubling issue emerged: the TRON DAO’s official Twitter account was hacked. The hackers used the account to promote a scam, attempting to steal funds from unsuspecting users.
In response, Justin Sun acted quickly, reaching out to crypto exchange OKX and urging them to freeze any assets linked to the scam. He emphasized the need for swift action to prevent further exploitation.
“We trust that OKX will act swiftly and responsibly, ensuring that its platform does not become a safe haven for scam proceeds,” Sun said in his post on X
Law Enforcement Involved in the Investigation
Justin Sun didn’t stop at contacting OKX. He also involved law enforcement, sharing critical details to help trace and recover the stolen funds. Sun directly addressed the scammers, urging them to return the stolen assets:
“To the scammers involved: we strongly urge you to return the stolen funds immediately. We commit to redistributing all recovered funds back to the community. There is still a chance to do the right thing,” he said.
The funds have been traced to a specific wallet address, and two transaction hashes were shared to aid the investigation.
Can TRON Overcome the Challenges?
TRON now faces the dual challenge of advancing its technology while managing the fallout from this hack. The upgrade brought a positive market response, but the breach highlights the ongoing security risks in the crypto space.
Sun’s leadership will likely be under the microscope as the situation unfolds. However, TRON’s quick response to the hack shows a commitment to protecting its users.
The balance between innovation and security will be crucial for TRON’s future.
The post Justin Sun’s TRON Upgrade Sends TRX Price Soaring Despite Twitter Hack appeared first on Coinpedia Fintech News
One announcement can change a lot in crypto. On May 3, 2025, Justin Sun, the founder of TRON, revealed a significant upgrade to the TRON ecosystem. The news caused a surge in TRX prices, but it was also overshadowed by a security breach: the official TRON DAO Twitter account was hacked, and scammers used it …
