SafeMoon (SFM) Faces Post-Migration Challenges as Sellers Take Over

Tesla’s Q1 2025 financial report reveals that despite missing revenue expectations, the company still holds over $951 million worth of Bitcoin.

After its initial purchase in February 2021 and the sale of 75% of its Bitcoin holdings in July 2022, Tesla currently holds approximately 11,509 BTC.

Bitcoin Remains a Strategic Asset for Tesla

According to a filing with the US Securities and Exchange Commission (SEC) on April 22, 2025, Tesla’s Q1 revenue reached $19.34 billion. This figure falls significantly short of market expectations, which stood at $21.37 billion.

The electric vehicle segment, Tesla’s primary revenue stream, posted a 20% year-over-year decline. The main reason is a 13% drop in deliveries and a 16% reduction in production.

Despite this, Tesla’s stock price has dropped 41% since the beginning of 2025, under pressure from controversies surrounding CEO Elon Musk’s involvement in government roles and ongoing protests against the company.

A key point of interest in Tesla’s Q1 2025 financial report for the crypto community is the company’s Bitcoin holdings. As of March 31, 2025, Tesla owns 11,509 Bitcoin, valued at approximately $951 million, according to data from Bitcointreasuries.net.

Bitcoin’s 12% decline in Q1 2025 slightly reduced the value of Tesla’s BTC stash from $1.076 billion at the end of 2024. However, today, with Bitcoin prices rising 6% to $93,000, the value of Tesla’s Bitcoin holdings has again exceeded $1 billion.

New regulations by the Financial Accounting Standards Board (FASB) require companies to mark digital assets to market value each quarter, impacting Tesla’s financial reporting. Previously, this rule enabled Tesla to record a $600 million profit from Bitcoin in Q4 2024 due to market appreciation.

Thus, Tesla did not make any Bitcoin-related transactions during this quarter. This indicates the company is sticking with a HODL strategy, treating Bitcoin as part of its strategic investment portfolio. Other major firms, like Strategy and Metaplanet, are also following this long-term holding approach.

Elon Musk Refocuses on Tesla

Tesla’s continued Bitcoin holding amid market volatility shows Elon Musk’s confidence in the cryptocurrency’s long-term potential. However, it also raises questions about the fate of Tesla’s BTC stash, especially as Musk is expected to reduce his focus on DOGE and shift more attention back to Tesla starting this May.

“Not stepping down, just reducing time allocation now that @DOGE is established,” Musk stated.

Tesla now stands at a critical crossroads, with Dan Ives, an analyst at Wedbush, calling it a “code red situation.” If the current scenario persists, Musk may be forced to restructure Tesla’s financial strategy, including its Bitcoin holdings.

BeInCrypto reported that the cryptocurrency market will be volatile in the short term until mid-May 2025, citing economic pressures and trade policy uncertainty. The market might stabilize in mid- to late-Q2, supported by historical trends and loose monetary policy. Strong growth is expected in Q3, driven by Bitcoin’s post-halving cycle, institutional adoption, and clearer US crypto regulations.

The post Tesla Misses Q1 Revenue Targets but Still HODLs 11,509 BTC—Now Worth $1 Billion Again appeared first on BeInCrypto.

PancakeSwap’s CAKE token is the market’s top performer today, surging 21% in the past 24 hours.  At press time, the altcoin trades at $2.56.

This rally comes as CAKE records its highest daily spot inflow in a month amid strong demand and renewed investor interest in the token.

CAKE Rockets Higher with $3.37 Million Inflows—Is More Upside Ahead?

CAKE’s price rally is primarily driven by the sharp increase in trading activity on the PancakeSwap decentralized exchange (DEX). Over the past few days, the platform has seen a significant uptick in daily trading volume, outperforming Ethereum’s Uniswap and Solana’s Raydium.

The trend has triggered a surge in demand for the DEX’s native token, CAKE, causing its value to soar by double digits. The uptick in buying pressure is reflected by the token’s spot inflows, currently at $3.37 million, its single-day highest figure in the past month.

When an asset records spot inflows, the number of tokens purchased and moved into spot markets has increased, indicating rising demand. CAKE’s high spot inflows suggest that investors are actively accumulating the asset. If this buying pressure continues, it can drive further price appreciation. 

This is a bullish signal, especially as it is accompanied by positive market sentiment, as shown by the token’s funding rate, which is 0.0021% as of this writing. 

The funding rate is a periodic fee exchanged between long and short traders in perpetual futures contracts to keep the contract price aligned with the spot market. A positive funding rate means long traders are paying short traders, indicating strong demand and bullish market sentiment for CAKE.

With rising inflows and growing demand, CAKE’s price performance suggests that traders are positioning for further upside. If demand continues at this pace, the token could extend its gains, drawing even more liquidity into PancakeSwap’s ecosystem.

CAKE Holds Strong Above 20-Day EMA—Bullish Momentum Builds

CAKE’s rally has pushed it significantly above its 20-day exponential moving average (EMA) which now forms dynamic support below its price at $1.93.

This moving average measures an asset’s average price over the past 20 trading days. It gives more weight to recent price data, making it more responsive to price movements than a simple moving average. 

When an asset’s price climbs above the 20-day EMA, it signals bullish momentum, suggesting that buyers are in control and the asset may continue its upward trend.

If this trend persists, CAKE could extend its uptrend to $2.90.

On the other hand, a resurgence in profit-taking activity could prevent this from happening. If CAKE demand stalls and it sheds its recent gains, its value could plunge to $2.41. If that support level fails to hold, the token’s price could drop to $2.01.

The post PancakeSwap (CAKE) Soars 21% as Inflows Hit Monthly High, Surpassing $3 Million appeared first on BeInCrypto.

Two Solana-based meme coins, MOODENG and GOAT, posted substantial gains after being added to the Binance Alpha program. MOODENG gained over 400% in the past week, reaching its highest price since January.

Binance Alpha, designed to spotlight promising early-stage tokens, has significantly boosted both projects’ visibility and trading activity.

Is Binance Alpha Ushering in a Solana Meme Coin Season?

On May 11, Binance announced a new Alpha Projects batch that included two Solana-based meme coins, MOODENG and GOAT.

MOODENG, based on a popular Thai hippo mascot, gained traction after Ethereum co-founder Vitalik Buterin publicly acknowledged the character. This attention helped fuel its early growth, but recent momentum had slowed until the Binance Alpha listing reignited interest.

Following the announcement, MOODENG surged over 60%, reaching $0.20 — its highest level since January 2025. At the same time, the meme coin’s market cap rose from under $140 million to over $180 million within hours of the announcement.

On the other hand, GOAT, an AI-focused Solana meme coin, also saw its fortunes drastically improve.

The digital asset was conceived in 2024 by Truth Terminal. This Twitter-based AI chatbot enjoyed a massive following and interest from the crypto community for its novel characteristics at the time.

Since joining Binance Alpha, GOAT’s price climbed from $0.14 to $0.17, marking a 27% gain. Over seven days, its value nearly doubled, with a $100 million increase in market cap.

These token gains have renewed attention on Solana’s meme coin scene, which had slowed after controversies such as the LIBRA token incident.

Market analysts suggest that Binance Alpha’s spotlight has brought credibility back to the space and may usher in a fresh wave of investor activity.

On May 10, Dune Analytics data shows that the Binance-linked platform reached a new high of $428.3 million in daily volume, led by tokens like Polyhedra Network’s ZKJ, BSquared Network’s B2, and SKYAI.

That trend has continued today, with the platform’s trading volume at $279 million. Notably, MOODENG and GOAT have played key roles in driving the platform’s volume today.

Since launching in December 2024, Binance Alpha has enabled early access to promising Web3 projects. CoinMarketCap data shows that over 140 projects are now listed with a cumulative market cap of more than $15 billion.

The post Is Binance Alpha Driving a Solana Meme Coin Season? MOODENG Rallies 50% appeared first on BeInCrypto.