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Solana (SOL) has recorded a massive surge in institutional interest in recent months, drawing speculation among traders on what this may mean for the price. As of July 4, Solana price was trading at $150 after gaining by nearly 6% in the last week. These gains have drawn questions about whether SOL may be headed
The post Will Solana Price Rally or Crash in July? appeared first on CoinGape.
Binance, the world’s largest cryptocurrency exchange, has announced that it will delist four tokens. These include Alpaca Finance (ALPACA), PlayDapp (PDA), Wing Finance (WING), and Viberate (VIB).
PDA, WING, and VIB witnessed a notable drop in value following the announcement. Yet, ALPACA has bucked the trend, experiencing a surge despite its impending removal from the platform.
According to the official announcement, the delisting will take effect on May 2 at 03:00 UTC. After May 3, users will no longer be able to deposit these tokens.
In addition, withdrawals will be unavailable after July 4. Lastly, open positions in Binance Futures related to the tokens will be closed by April 30.
The decision aligns with Binance’s periodic review process, which evaluates tokens based on factors such as volume, liquidity, project team activity, compliance with regulatory requirements, etc. The exchange stated that these tokens failed to meet the required criteria, prompting their removal.
“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” Binance noted.
The move came shortly after Binance wrapped up the second round of the “Vote to Delist” campaign. 8.2% of the total votes were in favor of delisting PDA. Meanwhile, ALPACA followed with 6.3% of the votes, and WING garnered 3.8%. VIB was not included among the 17 tokens up for community voting.
Interestingly, despite the FTX Token (FTT) leading the vote with 11.1%, Binance has excluded it from its latest list of tokens to be removed from the platform.
Following the news, PDA, WING, and VIB plunged by double digits. BeInCrypto data showed that WING saw the highest decline. The token shed 31.8% of its value. VIB followed closely with a 29.7% downtick. In addition, PDA’s value decreased by 17.0%.
However, shortly after the announcement, ALPACA’s price surged 71.3%. Moreover, its trading volume increased by 417.2%. The rise wasn’t typical for a token up for delisting, raising concerns.
Most of the time, a delisting announcement triggers substantial drops in price, as seen in previous cases.
In the latest X (formerly Twitter) post, an analyst highlighted ALPACA’s unusual reaction, which he said was likely manipulated.
“ALPACA after a major dump showed immense squeeze. Rised to over 100%; liquidated some heavy shorters, heavy manipulation out there,” the post read.
The analyst advised users to stay cautious and avoid falling for potential “exit scams,” where prices are artificially inflated to benefit manipulators at the expense of unsuspecting investors.
The post Binance Delists Four Tokens, ALPACA Surges 71% While Others Plunge appeared first on BeInCrypto.
Immutable’s (IMX) price has been on a significant downtrend recently, falling to multi-year lows. The token has suffered a sharp decline, and its price is currently hovering around $0.433.
If the current trend continues, there is a possibility that IMX could form a new all-time low (ATL).
The supply of Immutable on exchanges has risen dramatically in the past two weeks. A total of 30 million IMX tokens have been added, increasing the overall supply to 165 million IMX. This surge in supply is worth approximately $13 million and indicates a shift in investor sentiment.
As investors begin to sell off their holdings, this suggests growing skepticism about the token’s future prospects. The trend has led to an increase in selling pressure, which further exacerbates the current price decline.
The overall macro momentum for Immutable appears to be unfavorable at this point. Active addresses, which measure the number of unique addresses engaging with the network, are at a low level. The lack of participation reflects investor hesitation and reduced confidence in the token’s potential.
When fewer addresses are interacting with the network, it generally indicates a lack of new capital entering the market. As a result, this decline in activity has contributed to the negative sentiment surrounding IMX.
IMX price is down nearly 40% over the past two weeks, with the 30 million token sell-off playing a significant role in the decline. At the time of writing, the price is at $0.433, holding just above the critical support level of $0.400. If this support is broken, the price could fall further, potentially reaching $0.375 or below, resulting in a new all-time low.
The continued drawdown suggests that the token may not see a recovery soon unless the market conditions improve. If IMX manages to hold above $0.400, there is a slim chance it could stabilize before testing further resistance levels. However, breaking through the $0.400 support would likely lead to more losses.
For a more optimistic scenario, IMX would need to reclaim the support level of $0.508. This could pave the way for a potential recovery, allowing the price to rise toward $0.684.
A successful breach of these levels could invalidate the bearish outlook and offer some hope for reversing recent losses.
The post IMX Price Drops to 2-Year Low After 30 Million Tokens Are Sold; All-Time Low in Sight appeared first on BeInCrypto.
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.
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.
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.