The United States Securities and Exchange Commission (SEC) has delayed making a definitive decision on the Fidelity Solana Fund. The SEC announced a 21-day period for the public to submit their comments on whether the Fidelity Solana Fund should be approved or disapproved.
Additionally, the agency instituted 35 days for the members of the public who intend to submit a rebuttal comment. The agency followed a similar pattern with other spot Solana ETFs and other altcoins in the recent past.
When Will Solana ETF Happen in the U.S?
According to people familiar with the matter, the U.S. SEC requested prospective issuers of spot Solana ETFs to re-file amended S-1 documents before the end of July. The move follows a similar request made last month, which signaled the imminent approval of spot Solana ETFs soon.
“I think that the SEC has some pressure to approve these quicker than waiting all the way to October, especially with that Rex Shares product that got approved last week,” a person familiar with the matter noted.
According to James Seyffart, a senior ETFs analyst at Bloomberg, there is more than a 90 percent chance that the U.S. SEC will approve the various spot SOL ETFs by the end of 2025.
What’s Next for SOL Price?
As with the wider altcoin market, SOL price has been trapped in a choppy consolidation pattern in the past year. The large-cap altcoin, with a fully diluted valuation of about $89.5 billion and a 24-hour average traded volume of around $3.7 billion, has been attempting to regain macro bullish momentum after rebounding from a support level around $130.
Although the weekly Relative Strength Index (RSI) has been forming a midterm bearish sentiment, robust fundamentals will likely propel SOL price towards a new all-time high in the near term.
Bitcoin price surges above $104K as April CPI cools to 2.3%, boosting Fed rate-cut bets and fueling bullish market sentiment.
Bitcoin Rises Above $104K as Inflation Cools
Bitcoin moved sharply higher on Monday after the release of April’s US Consumer Price Index (CPI). According to TradingEconomics data, US Consumer Price Index (CPI) increased to 320.80 points in April from 319.8 points in March of 2025.
The annual inflation rate in the US eased to 2.3% in April 2025, the lowest since February 2021, from 2.4% in March and below forecasts of 2.4%.
US CPI Data, May 13, 2025 | Source: TradingEconomics/US Bureau of Labor Statistics
Notably, annual inflation, which showed a year-over-year increase of just 2.1% attracted investors attention, as it reflected lowest increase in inflation recorded since 2021. This reinforces market expectations for a Federal Reserve policy rate cut during the next FOMC meeting.
Within two hours of the data release, BTC rose 2.9 % to $104,771 at press time, after plunging as low as $101,868 on Monday.
Bitcoin price action (BTCUSD) | Source: Coingecko
The move was accompanied by a 35% increase in Bitcoin spot volumes on Binance’s BTC/USDT pair.
TradFi market response was also visible as shares of Coinbase Global (COIN) gained 5.3% in pre-market trading to $215, reflecting positive sentiment building up around cryptocurrency-related stocks. S&P 500 futures also advanced 1.1% to 5,300, reflecting a synchronised recovery across global risk asset markets.
$68.6 billion BTC open interest re-inforces bullish dominances
BTC’s price action was supported by a decisive shift in derivatives markets, reflecting increasing bullish conviction from traders.
Open interest in Bitcoin futures rose by 2.38% to $68.57 billion. Options open interest increased by 2.50% to $39.89 billion. On Binance, the top trader long/short ratio reached 1.595. The broader market ratio stood at 0.9724, reflecting a clear directional tilt to the upside.
Liquidations trends recorded over the last 24 hours also confirm this bullish shift in short-term momentum. Since the CPI release, $84.61 million in leveraged positions were cleared.
Short positions accounted for $28.27 million of that total, with 81% of short liquidations occurring in the first hour. The CPI data caught a large portion of the market unhedged.
On the flip side, futures trading volume declined by 13.71% to $104.67 billion. Options volume also decreased by 9.64%.
This indicates that while bullish positions have been established, short-term traders are now cautiously watching for further macro confirmation before increasing leverage exposure further.
Looking Ahead: BTC Eyes $110,000 as Rate Cut Bets Firm Up
The combination of easing inflation, rising open interest, and strong spot demand points to a continued advance for Bitcoin.
Attention will now turn to upcoming comments from Federal Reserve Chair Jerome Powell and the release of FOMC minutes. Clarity on the central bank’s stance will be critical to validating the market’s current rate cut expectations.
For now, Bitcoin is benefiting from macro relief, rising trading volumes, and increasing capital inflows all currently align positively for BTC sustain its upward momentum towards new all time highs around $110,000.
Bitcoin Technical Price Analysis: Bulls Eye $110K as RSI Holds Firm and Volume Delta Rebounds
In today’s Bitcoin price forecast, the confluence of expanding Bollinger Bands, positive volume delta, and elevated RSI supports a bullish outlook toward the $110,000 mark.
As seen in the TradingView chart below, Bitcoin is trading at $104,560 after surging nearly 18% over the past 12-hour session, signalling revived bullish momentum following a consolidation phase.
More so, BTC price has cleanly broken above the mid-$100K range, with sustained closes above both the Bollinger Basis Band ($100,182) and the upper Envelope Band ($100,614), suggesting strong directional conviction.
Bitcoin Technical Price Analysis
The Bollinger Band width is expanding, often a precursor to volatile upside movement, as candles hover near the upper band at $108,439, reinforcing bullish continuation potential.
Momentum strength is further confirmed by the RSI holding at 72.52, marginally above the 70 threshold that typically delineates overbought conditions.
However, the RSI’s sustained elevation without divergence hints at trend strength rather than exhaustion, especially as the RSI line maintains a gradual upward slope above its signal.
Notably, the recent positive Volume Delta spike to +1.27K marks the highest buyer dominance since early May, underscoring renewed spot demand.
Downside risks remain capped so long as BTC holds above the psychological $100,000 support, which aligns with both mid-band support and historical resistance now turned support. A clean break below $100,000 with weakening volume could re-open bids toward $92,850.
Ethereum has always led the way for smart contracts and decentralized apps. But with more traders jumping in, especially through meme coins, the system gets overloaded fast. High gas fees, slow transactions, and risky trades can block Ethereum’s full potential. That is why projects like Pepeto matter. They do not just follow Ethereum’s rise , they make it easier for that rise to continue.
PepetoSwap brings calm to the chaos of meme trading
The meme coin space is full of hype, but also full of risk. Rug pulls and scam tokens flood basic swap tools, costing users money and trust. PepetoSwap fixes this. It is a zero-fee exchange made only for meme coins that pass strict checks. Every project listed must offer real value, and all swaps are fast and secure.
That makes PepetoSwap more than just another exchange. It is a filter system, a quality gate, and a safe space for meme coin investors who want real projects, not fake promises. This structure helps Ethereum by keeping more volume on-chain, but with fewer problems.
Cross-chain movement made simple with Pepeto Bridge
Crypto is not just about one chain anymore. Traders want to move fast across Ethereum, BNB Chain, and more. Pepeto’s bridge makes that easy. Using a lock-and-mint setup, it lets users send tokens from one blockchain to another without confusion or danger. Tokens are locked on the old chain, and new ones are minted on the new one , clean, safe, and simple.
This helps Ethereum keep users active during market peaks. Instead of leaving the ecosystem due to fees or delays, traders stay in, using tools that make Ethereum faster and friendlier.
More than $5.2 million raised , and that’s just the start
Investors are already showing strong belief in Pepeto. The project raised over $5.2 million in its presale stage, proving that serious crypto users are watching closely. With a token price of just $0.000000131, the upside is still big , especially for those who get in early.
Even better, long-term holders can stake their Pepeto and earn up to 285 percent annually. That kind of return makes it clear that this project is rewarding more than just hype , it’s rewarding trust.
The team has already confirmed a Tier 1 exchange listing is in progress. This is a major step forward, as it brings volume, global exposure, and a higher level of market trust. For a meme project built on real value, this could be the moment that moves Pepeto into the spotlight.
Ethereum doesn’t just need volume , it needs better tools
Pepeto offers those tools. It protects users, smooths traffic, and keeps Ethereum efficient as meme coin demand rises. This isn’t just another meme project. It’s part of the structure Ethereum needs for the next bull run.
The post Ethereum Can Only Go Higher If Its Tools Keep Up , Pepeto Is One Of Those tools appeared first on Coinpedia Fintech News
Ethereum has always led the way for smart contracts and decentralized apps. But with more traders jumping in, especially through meme coins, the system gets overloaded fast. High gas fees, slow transactions, and risky trades can block Ethereum’s full potential. That is why projects like Pepeto matter. They do not just follow Ethereum’s rise , …
Circle, the issuer behind the USDC stablecoin, has officially introduced the Refund Protocol—an advanced smart contract framework developed by Circle Research.
This innovation marks a turning point for decentralized stablecoin payments by directly embedding on-chain dispute resolution mechanisms into the blockchain, ensuring digital commerce transparency, security, and trust.
Role of Refund Protocol in the Circle Ecosystem
Traditional stablecoin payment models often lack on-chain refund or dispute resolution mechanisms. Typically, the sender’s stablecoins are held in escrow for a period before being released to the recipient.
An external party, known as an arbiter, oversees this escrow account. However, resolution usually happens off-chain when disputes arise, leading to two major concerns: centralized control by the arbiter and lack of transparency in the dispute process.
To solve this, Circle has designed the Refund Protocol to enhance the overall stablecoin payment experience, especially for USDC. The protocol acts as a smart contract, enabling non-custodial escrow and on-chain dispute resolution.
“Today, Circle’s R&D team released a new Refund Protocol for stablecoin payments. This builds on our earlier open source releases for confidential payments as well as reversible payments. Progress in mainstreaming stablecoin payments,” said Circle CEO Jeremy Allaire.
Rather than controlling the escrow account, the Refund Protocol can only do two things: release funds to the recipient or refund them to the customer. This removes reliance on third-party intermediaries, increases transparency, and boosts efficiency and user trust.
Refund Protocol to Help USDC Gain Market Share?
According to data from DefiLlama, USDT from Tether currently dominates the stablecoin market with over 61% market share. Although USDC holds the second position, its market capitalization is still less than half that of USDT.
The launch of Refund Protocol provides Circle with a strategic edge. By offering developers and businesses an easy way to integrate USDC payments into e-commerce platforms, NFT marketplaces, and DeFi applications, the protocol strengthens USDC’s position as a flexible and reliable medium of exchange.
Additionally, Refund Protocol gives Circle an advantage by providing a decentralized, low-cost, and transparent solution. This will help USDC stand out in real-world applications.
Refund Protocol may face regulatory hurdles despite its innovation, especially in jurisdictions with strict blockchain laws. The legal recognition of on-chain dispute resolution remains uncertain in many regions, potentially posing one of the biggest obstacles to widespread adoption.
