Ethereum price has also seen a correction, but still demonstrates strong performance on longer timeframes. Several analysts are still optimistic about ETH’s future and indicate that the recent drop could provide a buying opportunity prior to a possible rise to $4,000. Analysts are bullish on the Ethereum price Despite the recent market correction, leading crypto analysts like Michaël van de Poppe have optimistic expectations for the Ethereum price. Price targets also suggest a potential rally to $4,000. The ETH price performance is still positive, with 57.2% returns in the past month. $ETH goes towards the ‘buy the dip’ range. Sub $2,400 is the area where you’d want to accumulate before the next run towards $4,000. pic.twitter.com/y56cKttUHY — Michaël van de Poppe (@CryptoMichNL) May 19, 2025 Analyst Michaël van de Poppe noted what he calls a “buy the dip” region. He indicated that prices below $2,400 provide an accumulation opportunity “before… Read More at Coingape.com
One of the world’s biggest banks, Standard Chartered, stepped into the crypto world in a big way by launching spot trading services for Bitcoin and Ethereum. The bank’s UK arm has given institutional investors a way to buy and sell the two largest cryptocurrencies directly through a trusted, regulated bank.
Standard Chartered Opens Crypto Trading
The bank’s new service focuses on institutional clients, giving them direct access to deliverable Bitcoin (BTC) and Ethereum (ETH) through a secure and fully compliant trading platform.
One key point is that Standard Chartered now lets clients trade crypto using the same tools as foreign exchange. They can also choose where to store their coins, either with the bank or another trusted custodian.
But Standard Chartered isn’t stopping there
Right after this launch, the bank plans to bring in crypto derivatives too. These will include non-deliverable forwards (NDFs), a type of contract that lets investors bet on the future price of Bitcoin and Ether without owning the coins directly.
Big Step for Digital Finance
Bill Winters, the group CEO, explained that digital assets are becoming a key part of the financial world’s future. He said the bank aims to help clients trade and manage crypto safely and efficiently while meeting rules and regulations.
Last year, the bank rolled out its first regulated crypto custody service in the UAE, so this trading move builds on that progress. It’s clear that Standard Chartered wants to lead the way in bringing crypto deeper into the mainstream banking world.
How This Will Impact Crypto
With crypto adoption on the rise, many large investors have been waiting for secure and regulated ways to enter the crypto market. By launching these services with strong safeguards, Standard Chartered is helping remove a huge barrier to crypto adoption.
This move could inspire other big banks to follow, pushing cryptocurrency further into the mainstream.
The post Standard Chartered Becomes First Major Bank to Offer Spot Crypto Trading appeared first on Coinpedia Fintech News
One of the world’s biggest banks, Standard Chartered, stepped into the crypto world in a big way by launching spot trading services for Bitcoin and Ethereum. The bank’s UK arm has given institutional investors a way to buy and sell the two largest cryptocurrencies directly through a trusted, regulated bank. Standard Chartered Opens Crypto Trading …
Solana (SOL) has been up nearly 18% over the last 30 days. SOL’s bullish structure remains technically intact, although some key momentum indicators show signs of weakening.
At the same time, Solana continues to dominate DEX volume and blockchain revenue rankings, reinforcing its strong position in the broader ecosystem. Here’s a closer look at the latest technical and on-chain developments for Solana.
Bullish Structure Intact for Solana, But Key Momentum Signals Weaken
Solana’s Ichimoku Cloud chart shows the price testing support near the top of the green cloud.
The blue baseline (Kijun-sen) and red conversion line (Tenkan-sen) have flattened and run close to the candles, signaling a loss of short-term momentum.
The green leading span (Senkou Span A) remains above the red span (Senkou Span B), but the narrowing distance points to weakening bullish momentum.
Despite this, BBTrend has stayed positive for 17 days since April 11, showing that broader momentum remains.
The BBTrend measures trend strength through Bollinger Band expansion or contraction; a falling BBTrend often signals slowing momentum or consolidation.
If BBTrend keeps falling, SOL could lose more momentum, but a buyer recovery could still lead to a fresh breakout attempt.
Solana Continues To Dominate DEX Volume and App Fees
Beyond DEX activity, Solana-based applications dominate the charts regarding blockchain revenue and fees.
Six of the top 10 chains and protocols — excluding stablecoins like Tether (USDT) and Circle (USDC) — are directly tied to the Solana ecosystem, with Pump and Jito leading the charge.
SOL at Key Decision Zone With 23% Upside Potential on Breakout
Solana Exponential Moving Average (EMA) lines remain bullish, with the short-term EMAs still positioned above the long-term ones.
However, SOL is now trading very close to a critical support level at $145, which has become an important area to watch. If this support is tested and fails, Solana price could quickly drop to the next support zone around $133.82.
In a deeper selloff scenario, the downtrend could extend further toward $123.41, significantly weakening the current bullish structure.
On the other hand, if buyers step back in and reinforce the uptrend, SOL could rally to test the $157 resistance level.
A successful breakout above $157 would strengthen the bullish momentum and potentially open the way for a move toward $180, offering around 23% upside from current levels.
U.S. President Donald Trump’s much-talked-upon GENIUS Act is heading towards a final vote today. The bill, Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025, aims to roll out crystal-clear regulations for digital finance, especially stablecoins.
However, Democrats are still pushing for a delay while opposing the endeavor. Leaders like Sen Elizabeth Warren and Jeff Merkley have taken a public stand against the bill, deeming it to be an aid for Trump’s ‘corrupt crypto empire’.
GENIUS Act Races Ahead, But Democrats Push Back
The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025 will face the floor test on May 8. Notably, the bill is a legislative proposal mandating the well-regulated use of stablecoins, whether it be for national reserve purposes or mitigating risks surrounding their use in illicit activities.
Interestingly, this stablecoin act was initially kicked off as a bipartisan legislative proposal through the Senate Banking Committee with an 18-6 vote. But as the bill banged the drums for Trump’s crypto empire, Sen Jeff Merkley and Sen Warren have recently stressed on X that this stablecoin act only aids the Republicans’ corrupt DeFi endeavor.
Sen Warren stressed that there is a clear conflict between the legislature and Trump’s USD1 Stablecoin, as she alleged President of gaining illegal profits from his cryptocurrency endeavors. The stablecoin act was pushed via the banking committee only weeks before the announcement earlier this month that WLFI (World Liberty Financial) received $2 billion from an Abu Dhabi-backed titan in return for its stablecoin.
Even Senator Bernie Sanders cautioned, “The GENIUS Act would undermine consumer protections, benefit criminal actors, and allow the Trump family to make tens of millions of dollars through crypto ventures.”
While this news already rang the alarms, another concerning news emerged right after: a dinner with the President for top $TRUMP token holders. Notably, an alarming number of foreign investors who hold a share in Trump’s meme coin will be attending the much-touted “dinner,” which was only for the top 220 investors. Gauging in on this aspect, renowned podcast host Tristan Snell urged caution, saying, “Trump’s crypto dinner is literally selling the power of the US president to the highest foreign bidders.”
While these broader events have ignited caution, Democrats continue to oppose the Republicans’ pro-crypto push. With tensions building up, the final vote on Thursday could turn into a showdown between the two parties.
