The U.S. SEC requested interested persons to provide legal views on the matter in the next 21 days.
On-chain data shows whale investors are aggressively accumulating Solana.
The United States Securities and Exchange Commission (SEC) opted to delay the decision making on whether to approve or disapprove a proposed rule change to list and trade shares of the Grayscale Solana Trust as a commodity-based trust. The agency’s Assistant Secretary, Sherry Haywood, noted that the commission opted to institute proceedings.
“Institution of proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the commission has reached any conclusion with respect to any of the issues involved,” the announcement noted.
Meanwhile, the commission has requested all interested persons to provide their written views on the matter by the next 21 days. On the other hand, the agency issued a 35-day deadline for persons interested to file a rebuttal to any other person’s submission.
Solana Whales on a Buying Spree
The Solana network has recorded a sharp uptick in the number of non-zero wallets and whales in the recent past. The notable network developments to handle higher throughput has attracted more institutional investors.
For instance, Upexi acquired 326,347 SOL at about $135 and now holds 596,714 SOL. Earlier this month, SOL Strategies acquired 122,524 SOL, at an average price of $148, in a bid to strengthen its treasury portfolio. The Solana network has recorded a significant adoption rate, mostly fueled by its memecoins in the past year.
SOL Price Ready for New ATH
Amid the ongoing altcoins bullish breakout, SOL price SOL price is well positioned to retest its all-time high and soon enter the euphoric phase of the 2025 bull rally.
ZachXBT, an on-chain investigator, revealed the identity of a victim involved in a massive Bitcoin theft in the United States. The stolen funds, totalling 3,520 BTC (approximately $330 million), were transferred from the victim’s wallet to a different address.
$330 Million Bitcoin TheftVictim Identified
ZachXBT confirmed that the victim of this theft was an elderly individual residing in the U.S. From the investigations’ perspective, the theft was related to social engineering. This type of crypto scam includes deceptive practices that are a form of fraud like emails or phone calls with the aim of obtaining personal and confidential information from the target.
The victim’s Bitcoin was moved from a wallet that was holding a substantial amount of cryptocurrency.
The attackers specifically targeted this individual, who seems unaware of the sophisticated methods they employed. ZachXBT expressed concern about how the attackers were able to access the victim’s private information, given the advanced nature of the scam.
Social Engineering Theft Details
Social engineering scams are another form of danger in the cryptocurrency space since people make victims give the scammers direct access to their digital wallets. This probably is what happened to the elderly victim in this case, which includes schemes that may involve email fraud to phone scams. This type of scams target the victims and take advantage of their familiarity with the technology making it quite difficult to spot them until when they are already operating.
On-chain investigator ZachXBT also pointed out that the attackers transferred the funds in a suspicious manner and immediately moved them.
They traded the Bitcoins on over six platforms before exchanging them for Monero, a privacy coin that makes it difficult to trace transactions. These series of moves were suspicious more especially because it came close on the heel of a sharp increase in the price of XMR.
Investigation and Ongoing Concerns
The investigation into the theft is ongoing, and ZachXBT has been closely monitoring the situation. He pointed out that the BTC involved in the theft had originated from sources that were “interesting,” raising questions about the initial acquisition of the funds. The laundering and conversion of the funds to XMR point to an effort to conceal the origin of the stolen cryptocurrency.
Despite the increase in phishing attacks in the crypto space, the volume of this theft puts it among the largest in the last few months. The loss includes one of the biggest single losses in the history of Bitcoin thefts, both in terms of quantity and monetary value.
This theft occurs against the background of growing concerns about the safety of digital assets and the prevalence of such frauds in the crypto space. This year alone, the losses to this industry have reached to millions of dollars despite US Secret Service, with Canadian authorities, disrupting over $4.3M Ethereum phishing scam. Meanwhile, Immunefi, a platform specializing in web3 bug bounties and security services, claims that thieves have stolen over $92m worth of crypto this month alone.
Have you ever asked yourself, “What if I could turn $5,000 into $5 million in the next few years?” That dream, once out of reach, is now looking more realistic thanks to a new wave of promising altcoins. With the crypto market slowly recovering and investors keeping a close eye on solid projects, finding that golden opportunity early can make all the difference.
We’ve put together a list of five altcoins that stand out in 2025—and yes, each one has the potential to make waves by 2028. Some are already well-known giants with growing ecosystems, while others, like Rexas Finance (RXS), are emerging powerhouses gaining traction for the right reasons. Let’s dive into the top contenders.
Rexas Finance (RXS): From $0.20 to $15? A Real-World Asset Revolution
Rexas Finance could be your best option if you’re searching for an undervalued investment with significant potential. Currently priced at $0.20 in its final presale stage, RXS has already seen a 567% increase from its starting point of $0.03. The official listing price, set at $0.25 on June 19, 2025, positions early investors for an immediate 25% gain. Analyzers are predicting, though, a possible rise to $15 by 2028. This price tag represents a startling 7,300% rise, transforming your $5,000 investment into $365,000—and potentially much more if the project gains widespread acceptance.
So, what’s fueling this momentum? Rexas Finance is tackling one of the biggest untapped markets in crypto: real-world asset tokenization. Rexas Finance has made its mark by getting listed on CoinMarketCap and CoinGecko. It has also been Certik-audited, giving investors confidence in the project’s security. Plus, the ongoing $1 million giveaway has generated over 1.9 million entries, with 20 winners set to receive $50,000 worth of RXS each—an initiative that has further expanded the community. With 50,000+ holders already onboard and FOMO growing, Rexas Finance could be the breakout altcoin of this cycle.
Solana (SOL): The Ethereum Rival With Speed on Its Side
Solana continues to impress with blazing-fast transactions and minimal fees. It’s already made a name for itself in DeFi and NFTs. Solana’s ecosystem has grown more robust, more stable, and more developer-friendly following past weathering of network interruptions. Should its pace continue, they predict Solana to trade between $274 and $330 by 2025. Long-term investors, particularly those who purchase when prices are still relatively low, may reap significant profits from such developments.
Cardano (ADA): The Quiet Giant Making Real-World Moves
Cardano is renowned for its peer-reviewed procedures. Analysts estimate that ADA might reach $10 to $20 by 2025. These figures may be conservative if widespread adoption spreads throughout developing countries and institutions. As of this writing, ADA is trading at $0.7084.
Polkadot (DOT): The Multi-Chain Maestro
Polkadot is a favorite for tech-savvy investors. Its unique architecture allows different blockchains to interact and share data. As the demand for interoperability in Web3 increases, Polkadot’s value is likely to follow. Analysts suggest DOT could reach $100 by 2025, especially if more developers start building cross-chain DeFi and dApps on the platform.
Chainlink (LINK): The Backbone of Smart Contract Data
Chainlink is the go-to oracle network for feeding real-world data into smart contracts. From weather reports to sports scores and financial data, Chainlink powers essential infrastructure across DeFi and Web3. As blockchain adoption expands, so will the need for reliable oracles. LINK is projected to hit $50 to $75 by 2025, offering a substantial upside for believers in data-powered smart contracts.
Final Thoughts: Your $5K Could Change Everything
Selecting the right altcoins today can have a significant impact on your financial future. While blue chips like Solana, Cardano, Polkadot, and Chainlink offer stability and steady growth, Rexas Finance presents an unmatched opportunity for exponential returns. With its real-world utility, community-first approach, and rising demand in a trillion-dollar asset class, RXS is not just another coin—it’s a movement.
The window to enter is closing fast. The final presale stage is 92.39% filled, and the price will jump to $0.25 at launch. The launch could be your final opportunity to experience the surge from $0.20 to $15 and higher. Ready to turn your $5,000 into $5 million? Jump into these top 5 altcoins. Time waits for no investor.
For more information about Rexas Finance (RXS) visit the links below:
The post If You Have $5000 and Would Like to Turn it into $5 Million By 2028, Which Are the Best Altcoins to Buy? Top 5 Contenders appeared first on Coinpedia Fintech News
Have you ever asked yourself, “What if I could turn $5,000 into $5 million in the next few years?” That dream, once out of reach, is now looking more realistic thanks to a new wave of promising altcoins. With the crypto market slowly recovering and investors keeping a close eye on solid projects, finding that …
Investors now fear these measures could impact revenues of U.S. firms worldwide, with concerns mounting as more countries consider retaliatory actions.
Crypto market performance, April 4 | Source: Coingecko
If the U.S. fails to find a diplomatic solution, equities could slide further, accelerating capital rotation into alternative assets.
Investors increasingly view Bitcoin as a hedge against trade policy risks, prompting fund inflows into the crypto market.
According to Coingecko data, the total market cap stabilised around $2.78 trillion, with major assets reclaiming key support levels—Bitcoin at $83,000, Ripple price at $2, and Ethereum breaking above $1,800.
XRP price surged 12.54% in two days, reclaiming the $2.12 level amid strengthening bullish momentum. The rally coincides with an early MACD crossover and a recovery within the Bollinger Bands’ lower boundary.
The Bollinger Bands indicate a potential volatility expansion after XRP touched the lower band at $1.98 and rebounded sharply.
The mid-band resistance at $2.28 aligns with the Volume Weighted Average Price (VWAP) at $2.09, reinforcing a crucial test for sustained upside.
Ripple (XRP) price analysis | Source: TradingView
A breakout above these levels could fuel a rally toward $2.58, where the upper Bollinger Band sits.
Meanwhile, MACD lines are narrowing, with the blue line approaching an upward crossover. If confirmed, this would mark a bullish reversal, echoing past rallies from similar levels.
However, Bitcoin price forecast remains a critical factor, as BTC’s next move could influence XRP’s trajectory. If Bitcoin maintains bullish sentiment, XRP could benefit from broader market strength.
Failure to break the $2.28 resistance could trigger another retest of $1.98 support, risking further declines. However, as long as XRP holds above the VWAP, the technical setup leans bullish, suggesting higher probability for further gains.
