SOL Strategies Inc. has filed a preliminary short form base shelf prospectus with Canadian securities regulators. This filing allows the company to raise up to $1 billion in future offerings. Consequently, post the announcement Solana price has recovered, climbing above $178. SOL Strategies Files $1 Billion Shelf Prospectus SOL Strategies Inc. which focuses on investing in the Solana blockchain ecosystem, has submitted a preliminary shelf prospectus to securities regulators throughout Canada. The filing allows the company to issue common shares, warrants, subscription receipts, units, debt securities or a combination thereof. Subject to final approval, these offerings could raise up to $1 billion in total capital. The company stated that this filing enhances its financial flexibility to seize growth opportunities in the Solana ecosystem. However, SOL Strategies currently has no immediate plans to issue securities under this prospectus. Any future offerings will be detailed in a prospectus supplement filed with the… Read More at Coingape.com
It has been over 3 months since the Pi Network’s open mainnet was launched after a long wait of over 4 to 5 years. In these months, the network has made some huge progress, including breaking into the top 20 crypto post-launch. Trending across social media platforms and boasting over 60 million users. Moving forward, Pi price appeared to be more secure with an increase in real-world adoption along with more exchange listings. However, the PI price has remained highly volatile, while heavy token unlocks have made it too risky to deal with.
Now that the bearish flags have been fluttering over the Pi price rally, will the bulls prevent excessive price drain?
After the rebound from the support below $0.7, the PI price appeared to have triggered a fine reversal. Meanwhile, a close observation suggests diverse price action. The token experienced two major spikes followed by liquidations, with a clear bearish setup leading to a decline of over 52%. In the long term, the outlook remains bearish with a target near $0.3, representing about an 80% potential downfall.
In a wider perspective, the PI price has remained under massive bearish influence, which portrays the Gaussian Channel. The price is trading much below the resistance of the channel. which is currently bearish. Besides, the CMF has triggered a bearish divergence while in an attempt to trigger a recovery. Moreover, the volume has dropped significantly, signalling a drop in trading activity. With this, the PI price seems to be preparing for another pullback, which may drag the price down by another 10% to 15%.
Will the PI price remain stuck within a bearish trend?
The PI price may undergo minor price variations in the short term, which could keep the token consolidated above the crucial support in the long term. Besides, the upcoming unlocks are expected to increase the volatility, which could, in turn, have a positive impact on the rally. However, to do so, the PI price is required to breach above $1 and sustain for a long time without undergoing a correction.
The post Top Reasons Why Pi Network Price Rally is Limited-Here’s Why it Could Drop by 20% appeared first on Coinpedia Fintech News
It has been over 3 months since the Pi Network’s open mainnet was launched after a long wait of over 4 to 5 years. In these months, the network has made some huge progress, including breaking into the top 20 crypto post-launch. Trending across social media platforms and boasting over 60 million users. Moving forward, …
The Bitcoin price broke out and is less than 4% away from the current ATH at around $111,980. With this, the star token has again unlocked a price discovery possibility as the volatility or the deviation has been done. As it continues to retest its re-accumulation range successfully, it has been stuck there for 4 straight weeks. Therefore, the BTC price is in an effort to transition into the second phase of price discovery, while the question now appears: Will the bears allow the crypto to surge past $109,800?
The two-week Bitcoin downtrend seems to have reached the end as the price has convincingly broken the resistance zone between $106K and $107.6K. Meanwhile, the bulls are working hard to sustain the levels until the daily close, which could validate a positive reclaim signal, as any dip into $106.6K would likely constitute a retest attempt. This rise occurs when BlackRock’s BTC ETF smashes $70 billion in record time and becomes the fastest fund to surpass this milestone.
Whales Make Huge Moves While Plebs Sleep
The Bitcoin reserve over the exchanges has been constantly dropping since December 2024 and has reached the lowest levels not seen in the past few years. At the same time, the US Bitcoin demand has surged as Coinbase Premium has hit a 4-month high while more than 550K BTC has left the exchanges. This suggests an increase in accumulation, aligning with reduced selling pressure. But the question arises, who is accumulating? Whales or retail investors?
In the past few days, the markets witnessed a couple of BTC price movements, as reported by an anonymous analyst, The Data Nerd
2,671 BTC worth around $291.7 million has been transferred from Bitthumb
A popular whale, 19JMx, withdrew another 200 BTC from Binance
Cucumberland withdrew another 162 BTC worth around $17.7 million
This suggests that the whales have begun to make huge moves, as $291M from Bitthum’s cold wallet storage, plus $39.7M worth of BTC exiting Binance and Cumberland. When liquidity providers reshuffle, BTC’s sound money displays strength, which was seen during the latest price rise. Does this suggest the whales are preparing for the next bullish move?
Here’s Where the 2025 Bitcoin Top Could Be
Bitcoin price just experienced a great short squeeze, clearing the consolidated zone around $106,000. As the bulls are trying extensively to push the price above $110,000, the downside risk after the short squeeze seems to be emerging. However, after a short-term consolidation, the price is expected to rise and mark the market top of 2025.
The historical chart of Bitcoin suggests the token still has more room to grow. Whenever the 200-week SMA crosses the previous cycle’s all-time high horizontal level, the top is usually in. This hints towards more upside potential, which could elevate the BTC price towards the 2025 top, somewhere around $160K to $170 in the coming days.
Therefore, Bitcoin appears to be under the influence of excessive institutional adoption and whale movements. Hence, the token is expected to maintain a strong ascending trend as it may not allow the price to drop below $100K, or until they book their profits.
The post Bitcoin Breaking Out—Can the Bulls Drive the Price Above $110 as Bears May Be Positioned at $109.7K? appeared first on Coinpedia Fintech News
The Bitcoin price broke out and is less than 4% away from the current ATH at around $111,980. With this, the star token has again unlocked a price discovery possibility as the volatility or the deviation has been done. As it continues to retest its re-accumulation range successfully, it has been stuck there for 4 …
Changpeng Zhao (CZ) has proposed a significant change involving gas fees for transactions on the Binance Smart Chain (BSC), sparking community interest.
Users who transact on the Binance Smart Chain pay a BSC gas fee, with CZ now calling for a significant reduction to the standing rate.
Will Binance Smart Chain Reduce BSC Gas Fees?
Any user who has ever transacted on the Binance Smart Chain has undoubtedly paid a BSC gas fee. It refers to the transaction fees required to process transactions on the BSC network.
The gas fees are paid in BNB, the powering token for the Binance ecosystem, and the native crypto of Binance Smart Chain.
Meanwhile, data on Bitbond shows gas fees of 1.3 Gwei or $0.017 for a 15-second fast transaction speed.
Users looking for normal speeds of up to one minute pay 1.1 Gwei or $0.014 in gas fees. Slow transactions of up to three minutes require a gas fee of 1.0 Gwei or $0.013.
Still, there have been times when BSC gas fees jumped, adding up quickly for arbitrage traders.
Notably, the amount of gas fees required for a transaction depends on the complexity, size, and network congestion at the time of the transaction.
Binance founder and former CEO Changpeng Zhao wants the rate revised, sharing the proposal in a post on X (Twitter).
“Let’s reduce BSC gas fees? by 3x, 10x?,” CZ posed.
Binance Users React: Will Lower Gas Fees Drive More Activity on BSC?
Notably, BSC gas fees are generally lower than on the Ethereum network. This makes BSC popular for decentralized applications (dApps) and transactions.
“Hey CZ, much appreciated, but as I use BSC chain most of the time, I have rarely felt that I’m paying any fee, like it’s too minor sometimes free,” one user remarked.
While CZ considers reducing BSC gas fees, he remains cognizant of the challenges of low gas fees. Against this backdrop, he refuted suggestions for zero gas fees.
CZ cites the role of validators and builders, who maintain network integrity and security by processing transactions, preventing double-spending, and ensuring trustless operations.
“Lots of spam, and also need to consider validators and builders,” CZ challenged.
The absence of gas fees would overwhelm the network due to a lack of cost deterrence, a common issue in blockchain systems.
To some, however, the adjustment would be a game-changer, benefiting decentralized finance (DeFi) and gaming, among other sectors. Others advocate for continued BNB burns for ecosystem growth.
“BNB burning from fees is good for BNB growth. No need to reduce,” another user wrote.
Meanwhile, it is worth mentioning that lower BSC gas fees could draw significant volume and activity. Recently, Tron founder Justin Sun advocated forlowering the costs, hoping to attract more traffic to the Tron blockchain.
“IMO, lowering fees and raising the energy cap won’t hurt TRON’s profitability. The fee cut should drive transactions to 20 M+ daily in three months, expanding market share and boosting profits. More energy will also encourage TRX staking for free transfers,” Sun stated.
He also spearheaded energy cap adjustments and reduced SunPump gas fees by 50%, lowering transaction costs to encourage greater user adoption.
Amidst these efforts, TRON’s revenue surged to record highs, placing it first among all blockchains at the time.
