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Following Pump’fun’s public token sale, which sold out in minutes, the Pump token has spiked by 16% in premarket trading. As investors eye the start of trading, Bybit is blaming the meme coin launchpad’s API delay for causing an oversubscription to the offering. Pump Token Spikes Ahead Of Official Trading Launch According to exchange data
The post Pump Token Surges Premarket Following Pump.fun $600M Raise appeared first on CoinGape.
Ethereum is set to undergo its highly anticipated Pectra upgrade tomorrow, and on-chain data suggests that validators are preparing to weather any market volatility.
Despite ETH’s lackluster price performance over the past week, the drop in validator exit points to a sense of confidence among network participants.
According to Glassnode, Ethereum’s validator voluntary exit count has declined noticeably since May 1, signaling a drop in the number of validators choosing to leave the network. On May 5, only 238 validators exited the network — the lowest daily count of validator exits from Ethereum since April 5.
This trend indicates that more validators are opting to stay put rather than liquidate their staked ETH, a sign of long-term confidence in the network and its coin.
With fewer exits, Ethereum validators appear optimistic about the network’s near-term outlook and the potential impact of the Pectra upgrade. Such sentiment, if sustained, could help lay the foundation for a post-upgrade ETH rally.
Moreover, the coin’s persistently positive funding rate reinforces the bullish sentiment surrounding ETH. At press time, ETH’s funding rate is 0.0027%, indicating that traders are still willing to pay a premium to maintain long positions.
A positive funding rate suggests bullish sentiment dominates the futures market, as long-position holders pay short sellers to keep their trades open. This dynamic reflects traders’ expectations of upward price movement.
Despite ETH’s continued struggle to break decisively above the $2,000 level, futures traders remain optimistic, consistently placing leveraged bets in anticipation of a price surge.
As the countdown to Pectra ticks down, the fall in validator exit from Ethereum could tighten ETH’s circulating supply, contributing to a bullish breakout post-upgrade. If bullish sentiment persists, ETH’s price could rally to $2,027.
However, the risk of a “sell-the-news” event remains.
If the upgrade fails to meet market expectations or triggers profit-taking, ETH could experience downside pressure despite the optimistic signals from validator behavior. In this scenario, its price could fall to $1,744.
The post Ethereum Validators Stay Put Ahead of Pectra Upgrade — What This Means for ETH Price appeared first on BeInCrypto.
Superstate New Platform:- The tokenization of Real World Assets is the biggest bet that the web3 firms are focusing as of now.
In another groundbreaking update, the Solana Infra company, SOL Strategies, has announced its plan to bring registered shares On-chain.
For this, SOL Strategies has team up with Superstate to bring its SEC-registered public equities and get them trading on blockchain networks.
This comes after on Thursday, Superstate launched a platform – Opening Bell. It allows companies to issue SEC-registered shares directly onto blockchain.
Superstate last month in March unveiled its transfer agent with the US Securities and Exchange Commission – Superstate Swrvices LLC. Using this SEC-registered transfer agent, it will record and tokenize the actual shares of the companies via Opening Bell.
According to the company’s blog post, for already publicly traded companies, it will open a new capital market all while maintaining compliance with existing securities regulations.
For companies not yet public, it will allow them to start trading in the crypto market and raise from crypto investors. They will also have a future option to move to traditional stock exchanges like the Nasdaq or NYSE.
Superstate’s Opening Bell platform aims to modernize capital markets by offering features such as 24/7 trading, instant settlement, and global accessibility.
Thus, the platform is designed to support both existing public companies and late-stage private firms seeking more flexible access to liquidity.
The first company to utilize Opening Bell is SOL Strategies. As a Canada-based firm focused on investing in and providing infrastructure for the Solana blockchain ecosystem, SOL Strategies is listed on the Canadian Securities Exchange (CSE) with Ticker symbol HODL
SOL Strategies plans to list its shares on the platform. This marks a significant step towards integrating traditional equity markets with blockchain technology.
Interestingly, the announcement comes after SOL Strategies acquired 122,524 $SOL on May 6.
Also Read: US Treasury Slam Senate For Blocking GENIUS Act
Superstate CEO Robert Leshner said in a recent interview, “Opening Bell aims to bring traditional public equities into Blockchain.”
It will allow investors to trade the publicly listed shares of equities on traditional exchanges as well as on the blockchains like Solana, Ethereum.
CEO Robert also said, “there is also an opportunity to replace the assets that are trading currently – mostly memecoins and crypto native tokens – and complement them with new asset – equity.
Companies that work with us can trade on the Nasdaq and Solana/Ethereum simultaneously
— Robert Leshner (@rleshner) May 8, 2025
Indeed, this can be a transformative shift in the kind of assets available for trade on blockchains. They’re generally memecoins and native crypto assets of the respective blockchains.
However, crypto assets like Bitcoin, Ethereum, stablecoins, DeFi tokens exist to store value. They fuel decentralized apps and protocols, collateralize loans, pay transaction fees, govern networks, etc.
While tokenized shares are ownership stakes in real‐world companies. They’re regulated just like the paper or book‑entry shares we’d buy on a traditional exchange. With Superstate’s Opening Bell, they will only now they live on‑chain.
Thus, Opening Bell isn’t designed to “wipe out” existing crypto‑asset trading. It will simply add a whole new asset class (tokenized public shares) to the same blockchains where we already trade ETH, BTC, stablecoins, etc.
Also Read: Jeffy Yu Death Controversy
The post Superstate CEO Launches Platform To “Replace Crypto Assets With Equities” – SOL Strategies Makes First Bet! appeared first on CoinGape.
The post Can XRP Price Hit $3 Next Week? appeared first on Coinpedia Fintech News
The price of XRP has been climbing steadily this week, with a strong bullish trend visible on the daily charts. Over the past few days, XRP has posted several green candles in a row, showing the rising buying pressure in the market.
XRP often makes sharp moves once momentum kicks in: either upward or downward. Right now, XRP is clearly in an upward trend, and it recently broke through a key resistance area between $2.55 and $2.62. After this breakout, the next big target for XRP is sitting between $2.80 and $3.00.
However, one concern is that XRP is currently in overbought territory on the daily timeframe. This means that while the price is strong, it could face some pullback or slowdown before attempting another big jump.
If XRP can successfully break and hold above $3 in the coming days, it could quickly surge toward its all-time high range between $3.30 and $3.40. Historically, XRP has shown a tendency to move fast when it gains momentum and this time might not be different.
If the price struggles around $2.90 to $3.00, support is expected to come back in between $2.55 and $2.62, which was previously a strong resistance zone. As long as the price stays above these levels, the overall outlook for XRP remains bullish.
An expert explained that XRP formed a strong support zone around $1.90, creating a triple bottom pattern. This was followed by an inverse head and shoulders pattern, which helped push the price up.
After breaking important resistance levels at $2.33 and $2.32, XRP surged close to $3.00. Right now, the price is pulling back near $2.77, but if this support level holds, the upward trend could continue.
The post Can XRP Price Hit $3 Next Week? appeared first on Coinpedia Fintech News
The price of XRP has been climbing steadily this week, with a strong bullish trend visible on the daily charts. Over the past few days, XRP has posted several green candles in a row, showing the rising buying pressure in the market. XRP often makes sharp moves once momentum kicks in: either upward or downward. …