Magic Eden publicly promoted the Trump Wallet, but conflicting claims and legal fallout raise questions about how clearly the partnership was understood.
A well-known cryptocurrency attorney and XRP advocate, John Deaton, is urging investors to stay bullish on Bitcoin even as it hovers near $106,000. He’s put about 80% of his net worth into BTC at an average price below $25,000. Rather than fret over today’s high sticker, he says the odds favor more gains ahead than losses. Related Reading: Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding? Deaton’s Big Bet According to Deaton, buying at six figures isn’t too late. He calls today’s price range “more asymmetrical,” meaning the upside is greater than the downside. He’s put 80% of his wealth into Bitcoin. His average entry cost was less than $25,000. Still, he sees room to run even from around $106,000. Macro Concerns Drive Interest Based on reports, Deaton worries about soaring national debt in the US and fresh tariffs from US President Donald Trump’s time in office. He flags endless money printing by central banks as a red flag. I’m not in favor of telling people living paycheck to paycheck (me until 15 years ago) to take out a mortgage on their primary home to buy Bitcoin (I’m not suggesting that that’s what David is recommending either), but I am in the process of selling real estate, and although my… https://t.co/JMB1zgeazW — John E Deaton (@JohnEDeaton1) June 8, 2025 He says all these moves are chipping away at trust in fiat cash. With only 21 million BTC ever to be mined, Bitcoin can’t be inflated away. That fixed supply, he argues, makes it a solid hedge against a shaky dollar. Corporate And State Adoption Institutional demand is also on the rise. MicroStrategy—now called Strategy—holds more than 200,000 BTC, worth tens of billions of dollars. And in the last seven days, 16 companies have added Bitcoin to their balance sheets. On the government side, Rep. Tim Burchett introduced a bill to turn a Trump executive order into law, creating a US Strategic Bitcoin Reserve. Countries like Pakistan, Ukraine, and Ireland are weighing similar steps. They want to see if holding Bitcoin could protect their foreign exchange plans. Skeptics Voice Worries Not everyone agrees with Deaton’s rosy outlook. Economist Peter Schiff, a gold advocate, says Bitcoin has no real value and is too wild to be a safe haven. He tweeted that today’s rally is just hype. Deaton doesn’t shy away from such criticism. He admits he has “confirmation and wealth-preservation bias.” He still insists Bitcoin is the best store of value during today’s economic storms. Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says Deaton warns against buying with money you can’t afford to lose. He tells people living paycheck-to-paycheck not to risk their homes or take out loans just to buy crypto. His basic message is simple: look past daily price swings and ask where the world’s money is headed. If you share his concerns about the dollar and believe institutions will keep piling in, his bet on Bitcoin could pay off. But anyone on the sidelines should be ready for big swings and should only invest what they can handle. Featured image from Pexels, chart from TradingView
The blockchain protocol raised $8 million in a seed round last year.
XRP is currently showing signs of vulnerability as its recent price action is becoming increasingly bearish. After attempting to reclaim upside momentum above $ 2.60 in May, the cryptocurrency has struggled to maintain this run, and its price action over the past few days has brought it close to losing the $2.10 price level. Notably, the price action has resulted in the formation of a head and shoulders pattern on the daily candlestick chart. This might be the final straw that finally sends the XRP price plummeting below $2. Related Reading: Bitcoin Scarcity May Spark Explosive Surge, Bank Study Shows XRP Breaks Head And Shoulders Neckline As identified by a crypto analyst on the social media platform X, XRP has now printed a classic head and shoulders formation, with clearly defined symmetry between the left shoulder, head, and right shoulder. The head and shoulders formation began taking shape in late April, when the price climbed to $2.26 to become the left shoulder of the pattern. In early to mid-May, XRP surged above $2.60 to create the head of the formation and what appeared at the time to be a resumption of strong bullish momentum. The rally lost steam soon after reaching that May peak, and the price began to retreat once again. By June 3, XRP made another attempt to push higher, reaching $2.27 in what is the formation of the right shoulder. However, this push wasn’t enough, and the ensuing price action has seen sellers gradually fighting for control. The head and shoulders pattern, which is often associated with trend reversals, became more concerning once XRP broke below the neckline around the $2.18 level to reach as low as $2.07 on July 6. Interestingly, the breakdown below the neckline was accompanied by increased volume, which provided additional confirmation of the bearish signal. EMA Rejections For XRP: What’s Next? Now that XRP has broken beneath the neckline, the $2.18 to $2.20 zone is beginning to flip into a firm resistance barrier for any attempt at recovery. The daily candlestick chart shows XRP continuing to trade below both the 9-day EMA and the 50-day SMA, which currently stand at $2.1877 and $2.2649 respectively. Despite a modest recovery over the past 24 hours, XRP has repeatedly failed to break back above the 9-day EMA since the neckline breakdown, showing persistent weakness in the short-term structure. As long as XRP is trapped beneath the neckline and the EMA/SMA resistance cluster, the prevailing structure continues to favor a downward extension. Based on the head and shoulders setup, a measured move from the neckline breakdown projects a decline toward the $1.85 to $1.80 range. Related Reading: Bitcoin Network Activity Booming Despite A Quiet Market—Data At the time of writing, XRP now finds itself trading at the neckline resistance again at $2.18 after a 2.6% increase in the past 24 hours from $2.13. However, the strength of this bounce is questionable, as it has occurred alongside a sharp 48.14% drop in trading volume. The next 24 hours will be important, as price behavior around the $2.18 to $2.20 range could determine whether XRP resumes its descent and break below $2. Featured image from Unsplash, chart from TradingView
The strategic funding round was led by DWF Labs, Presto, and Rollman.
Bitcoin's 50-day simple moving average crossed above its 200-day average on May 22, confirming the golden cross.
According to reports, Classover Holdings Inc. (NASDAQ: KIDZ) has taken a bold turn. It just signed a deal with Solana Growth Ventures LLC that could bring up to $500 million in senior secured convertible notes. Related Reading: XRP Could Transform Your Finances Long Before $10K, Angel Investor Says The deal kicks off with an $11 million investment once all conditions are met. What stands out is the plan to use as much as 80% of net proceeds to buy SOL tokens. Classover’s Big Crypto Bet Classover is aiming to build a Solana-based treasury reserve. That means most of its new money will end up in SOL tokens. Even though crypto is known for its ups and downs, the company seems set on this path. It had a 0.02 liquidity ratio before this deal, which shows how tight its cash flow was. Now, by putting money into SOL, Classover is hoping to steady things out. Based on reports, this move is part of a broader strategy to shift its financial focus toward blockchain assets. ????BREAKING CLASSOVER HOLDINGS SECURES $500M FOR SOLANA TREASURY STRATEGY PLANS TO ALLOCATE UP TO 80% TO BUY $SOL. pic.twitter.com/mZZAnogzIi — DustyBC Crypto (@TheDustyBC) June 3, 2025 Convertible Notes And Share Impact The notes can be turned into Class B common stock. They’re set to convert at twice the closing share price before the deal closes. That gives early investors a chance for upside if the stock moves higher. It also cuts down on dilution risks for the current owners, at least for now. Chardan is the only placement agent and financial advisor on the deal. The new financing follows a $400 million equity raise that pushed their potential capital access to $900 million. Back-to-back moves like these point to a longer-term plan to overhaul Classover’s treasury setup with Solana at its center. Struggles In Education Business Classover launched in 2020, offering live online classes for K-12 students around the world. They even added AI tools to their platform. But revenues dropped by almost 100% year-over-year. That fall is a red flag for any company. Related Reading: Stablecoins Ignite Record-Breaking May, Supply Jumps To $244B – Data With a market cap of about $60 million, Classover is in a spot where every dollar counts. Reports say the latest SEC filings show changes to executive pay. It looks like they want to keep their leadership team in place while they work through these money problems. Still, it’s hard to ignore those steep revenue losses and the worry around cash on hand. Solana’s Price Movements Solana itself has been under pressure lately. It tried to get back above $180 but failed. That led to a pullback in line with a wider market correction. Right now, SOL is trading around $162. That’s about a 6.2% rise in the last 24 hours. Its total market cap sits at $84.7 billion, and trading volume is around $3.70 billion. If demand doesn’t pick up soon, SOL could slip further before finding strong support. For Classover, any big drop in SOL’s price could hurt its new treasury plan. Featured image from Unsplash, chart from TradingView
Investors betting on XRP reaching $8 before year’s end may want to take a step back, according to a well-known commentator in the community. Related Reading: Tether’s 2-Year, $5 Billion Investment Blitz Fuels US Companies: CEO XRP analyst Xena asks whether a jump from around $2.31 to $8 is really a big win for a token that many have seen as having much more upside. It’s a reminder that what looks like solid progress might still leave everyday holders waiting for a true breakthrough. Xena Questions $8 As A True Milestone According to Xena, topping $8 would be a solid move, but it falls short of the “life-changing” levels some have talked about for over five years. She points out that other tokens, like Solana and Quant, went from under $1 to double- or triple-digit prices in a few months. XRP has yet to pull off that kind of leap. She asks, “What would be so special about XRP if $8 is what they expect?” Now people get excited by $8 XRP this year. I’m sure the bear is secretly laughing and thinking “only?”. No doubt $8 is better than $2, I don’t question that. But having those influencers being bullish about XRP for years, now getting excited by $8 is laughable. How many… pic.twitter.com/U4MsVaInaw — Xena XRP (@XenaXrp) May 26, 2025 Potential Gains For Big Holders Based on reports, XRP is trading at $2.31, down 1.1% over the last 24 hours and more than 45% below its all-time high. A rise to $8 would mean around 240% gain. That’s nothing to sneeze at. A $60,000 stake could grow to over $206,000. And someone holding $300,000 worth today could pass the $1 million mark. Those are big numbers for those who can afford big bets. Small Wallets Spot Smaller Wins On the flip side, retail investors with smaller holdings would see less dramatic gains. Over 5 million XRP wallets hold about $1,000 worth of the token. At $8 per XRP, those portfolios would climb to roughly $4,000. It’s a welcome return. But it’s not going to buy a new home or wipe out student debt. For many, it’s just a solid profit. Lofty Dreams Of $1,000 Prices Some in the XRP Army have set their sights much higher. They imagine XRP at $1,000. In that case, a $1,000 investment now would be worth around $500,000. According to Matthew Brienen, an executive at CryptoGuard, hitting those levels could take a decade or more. That timeline keeps a true moonshot firmly in the realm of long-term hopes. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? A key point in Xena’s take is how influencers shape expectations. She says many YouTubers and content creators have built six-figure XRP bags and cash flows through community support. Those personalities might push an $8 target because it sounds exciting—yet it’s not life-altering for their own stakes. Meanwhile, everyday holders who bought and held through legal battles still wait for a move that really changes their financial picture. Featured image from Gemini, chart from TradingView
The price drop follows a meteoric rally from $165 to $420.
“We believe that the release of Alpenglow will be a turning point for Solana,” developers wrote in a blog Monday.
Ripple, a leading digital asset infrastructure provider for financial institutions, has added two new customers in the UAE using Ripple Payments. Following its milestone as the first blockchain-enabled payments provider licensed by the Dubai Financial Services Authority (DFSA), Ripple named Zand Bank and Mamo as its first blockchain payment clients in the UAE. This move …
Peg-BTC (YBTC), the bridged version of BTC, can be deployed in the SUI-based DeFi to generate yield.
XMR has rallied over 100% since the early April panic selling.
While first-time buyers show strong interest, momentum buyers remain weak, suggesting potential price consolidation.
Block traders piled into the $200 call option expiring on June 27.
Raoul Pal, Real Vision founder and prominent trading name, stated on Wednesday that the dominance of Bitcoin may have topped this cycle. In an X post, Pal said that DeMark Indicators’ signals point toward the potential that a change is imminent after several months of Bitcoin at the top of the market. Pal noted that daily, weekly, and monthly charts all are flashing top signals on Bitcoin dominance. Related Reading: XRP At $2.20? Analyst Insists It’s Not Too Late To Get In Bitcoin dominance is now at nearly 65%, a figure that has increased steadily since December 2024. Despite this growth, it is still yet to reach the 2021 high of 74%, or the 2017 high previously. This, according to Pal, indicates a weakening trend in the percentage of the crypto market dominated by Bitcoin over time. DeMark Tops Flash Warning Signs Pal relied on technical analysis tools called DeMark Indicators, developed by market veteran Tom DeMark. They are used to identify when a trend could be losing momentum. Although Pal didn’t specifically state what the exact signals were that he watched for, one of the TD Sequential’s functions is to find turning points like this. I think BTC dominance topped today. There are daily, weekly and monthly DeMark tops in place and the top is well below 2021 top and that was below the 2017 top. If that plays out, it is the hallmark of the next phase of the Banana Zone. Let’s see… — Raoul Pal (@RaoulGMI) May 8, 2025 Currently, Bitcoin is over 6% higher since the beginning of 2025 and has just reclaimed the $103k level. The coin is slowly making its way toward the $105,000 threshold. But while Bitcoin is going higher, most other cryptocurrencies have not been able to keep pace. Altcoins Have Fallen Behind Statistics indicate that the TOTAL2 index, which captures the value of the crypto market excluding Bitcoin, has fallen by almost 20% this year. It declined from $1.34 trillion to $1.07 trillion. This difference between Bitcoin and the rest of the market has contributed to increasing Bitcoin’s dominance. If Pal’s analysis is correct, this difference will soon begin to narrow. He thinks that as soon as Bitcoin dominance reaches a peak, money may begin entering altcoins. Traders usually move their focus from Bitcoin to smaller coins as soon as they feel the top coin has gotten its run out. That’s what happened before, and Pal believes the same may occur. The Banana Zone Theory Pal also mentioned what he refers to as the “Banana Zone.” It’s his terminology for a period where prices accelerate in a sharp, curved trajectory — sort of like a banana. He divides this into three stages. Phase one, he says, began in November 2024, when the prices of crypto started to break out. Related Reading: Trump Trade News Ignites Bitcoin Mania—$100K Coming? Now he believes we’re entering phase two, which he calls the “Banana Singularity.” That’s the part where altcoins start rising faster than Bitcoin, as more investors start hunting for bigger gains in riskier coins. This is usually when people start seeing major moves across smaller tokens. Altcoin Season May Be On The Way Pal’s message is crystal clear: Bitcoin’s time at the top may be slowing down. If the technical indicators are correct, altcoins may soon be taking center stage. It wouldn’t be the first time. In previous bull runs, capital rotated out of Bitcoin and into altcoins as the top coin’s dominance tailed off. Featured image from Unsplash, chart from TradingView
Why finance veterans are still skeptical about blockchain Blockchain has been part of the finance conversation for over a decade now. Yet many professionals remain cautious. Many seasoned professionals in finance, wealth management and economics often question blockchain’s relevance, asking, How exactly is blockchain supposed to fit into what we already do?This question reflects a few key ongoing skepticisms about blockchain within finance.Uncertainty about practical applicationsBlockchain offers some big promises: faster settlements, stronger security and better transparency. But actually applying those promises across banking, accounting and operations is still complicated.A 2021 APQC survey identified the main hurdles: a lack of industry-wide adoption, skill gaps, trust issues, financial constraints and problems with interoperability. Even organizations that want to embrace blockchain often struggle to turn ideas into working solutions.Doubts about necessitySome finance professionals aren’t convinced blockchain is necessary at all.The same APQC survey showed trust issues and a lack of understanding as major reasons for the slow adoption. Without a clear and compelling return on investment (ROI), it’s tough to justify tearing up existing systems that, frankly, still work.Lack of understanding Maybe the biggest obstacle? A lack of understanding. A 2024 study revealed that only 13.7% of financial advisers engage with clients about cryptocurrencies despite increasing client interest and the approval of crypto exchange-traded funds (ETFs) between 2021 and 2024. Moreover, while groups like the American Institute of Certified Public Accountants (AICPA) are trying to build frameworks for blockchain compliance and auditing, there’s no standard playbook yet. And without clarity, leadership teams are stuck. This article will aim to address each of these skepticisms, ultimately providing an answer to how blockchain fits into finance in 2025.Did you know? Christina Lynn, a behavioral finance researcher and certified financial planner, highlighted in her 2024 Journal of Financial Planning article that many financial advisers dismiss cryptocurrency due to biases, fear and regulatory concerns despite growing investor interest. She urges advisers to educate themselves, adopt a balanced approach, and provide guidance to avoid client mistakes. The 2025 blockchain landscape: Key developments Unbeknownst to many, thanks to regulatory shifts, stablecoins gaining ground and major institutions building on-chain infrastructure, blockchain is moving from experimental to essential within finance. Below are the developments serving as key contributors in 2025.Regulatory shiftsThe US Federal Reserve has relaxed its 2022 stance, no longer requiring banks to get explicit approval to offer crypto services. Similar signals from the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency show that regulators are starting to treat blockchain as a legitimate tool.At the same time, SEC Chair Paul Atkins is pushing for clearer, innovation-friendly crypto rules, moving away from vague enforcement tactics and toward a more structured regulatory framework.Stablecoin stampedeThe stablecoin market capitalization has climbed to nearly $240 billion as of late April 2025, brushing up against an all-time high. Regulators are also stepping up. In Europe, the Markets in Crypto-Assets (MiCA) framework is now fully live, laying down clear ground rules for crypto assets. For stablecoins, that means strict 1:1 reserve requirements and a crackdown on anything resembling an algorithmic model without real backing. Meanwhile, in the US, lawmakers are making moves, too. The STABLE Act, reintroduced in March, proposes tighter oversight over stablecoin issuers and even suggests a two-year freeze on new algorithmic coins. Alongside it, the GENIUS Act aims to set up a whole new licensing system for stablecoins, making issuers meet banking-level standards for reserves, redemption rights and compliance.The private sector isn’t sitting still either. Coinbase recently waived fees on PayPal’s PYUSD (PYUSD) transactions and now offers seamless USD redemptions. It’s a smart play to make stablecoins more visible in day-to-day finance. And the uptake isn’t just happening in the US. In Asia, stablecoins are becoming a go-to for cross-border remittances because they’re faster and cheaper than traditional methods. In Latin America, they’re being used to hedge against local currency collapses; in Brazil, for example, stablecoins now make up over 80% of crypto transactions. In different corners of the world, stablecoins are solving very real problems.Blockchain goes bigProjects like JPMorgan’s Kinexys and Citigroup’s permissioned blockchain platform show that major banks are actively investing in tokenization, digital asset settlement and blockchain infrastructure for global finance.Did you know? The global blockchain market is projected to reach $162.84 billion by 2027, up from $26.91 billion in 2024. Blockchain in banking operations As of 2025, blockchain is helping streamline settlements, tighten compliance, and transform cross-border payments from a headache into a smooth operation. Here’s how:Real-time settlement and clearingMoving money between banks — especially across borders — used to be a slow, messy process. Layers of intermediaries meant delays, high fees and plenty of room for errors.By cutting out intermediaries and verifying transactions directly, blockchain enables near-instant settlement, slashing turnaround times dramatically.In fact, JPMorgan’s Kinexys platform (part of its Onyx suite) now processes over $2 billion in daily transactions, using JPM Coin to settle payments across banks and currencies in real time.It’s an example of a live system handling serious volume with the help of a blockchain.Enhanced KYC and AML complianceKnow Your Customer (KYC) and Anti-Money Laundering (AML) checks have always been necessary — but painfully slow and repetitive.Blockchain offers a smarter way to handle them. A tamper-proof ledger allows banks to securely store and share verified customer information, speeding up audits and reducing compliance headaches.Another real-world example from JPMorgan is Liink, which runs a blockchain-inspired service called Confirm, which helps banks validate over 2 billion bank accounts across more than 3,500 financial institutions, dramatically improving efficiency for KYC processes.Cheaper, faster cross-border paymentsSending money internationally used to take days and came with hefty fees.With blockchain, transactions can settle in minutes, and fees are significantly lower.Real-world moves:HSBC and Ant Group: In 2023, they ran real-time HKD-denominated tokenized transactions under the Hong Kong Monetary Authority’s Ensemble Sandbox, giving businesses 24/7 cross-bank transfers.Wells Fargo: Implemented HSBC’s blockchain-based system for foreign exchange settlements, reducing risk and speeding up cross-border FX deals.Even Deloitte estimates that blockchain could slash cross-border payment costs by 40%-80%, saving the industry up to $24 billion a year.This all shows that banks are betting real money and real infrastructure on blockchain delivering real value.Did you know? Visa’s Tokenized Asset Platform (VTAP) allows banks to mint, burn and transfer fiat-backed tokens, such as tokenized deposits and stablecoins.Considerations for banksOf course, blockchain isn’t a panacea. There are a few things banks need to keep in mind:Integration is critical: Blockchain systems have to plug into existing core banking infrastructure. Full rip-and-replace projects aren’t practical (or cheap).Training matters: New systems won’t work if the people running them don’t know how. Banks need to upskill teams across compliance, operations and IT.Customer experience comes first: It’s not just about making internal processes faster — clients need to feel the difference, too.Behind the scenes, accounting and auditing firms are also finding that blockchain can fix long-standing pain points. That’s what will be explored next. Blockchain in accounting and auditing Accounting and auditing might not be flashy headlines, but behind the scenes, blockchain is slowly changing how financial data is managed, verified and reported.Better data security and fraud preventionWith blockchain, once a transaction is recorded, it can’t be altered without consensus from the network. This built-in immutability drastically reduces the risk of tampering or fraud and strengthens the integrity of financial records.More transparency = better auditsAuditors no longer need to stitch together fragmented information from multiple systems. Blockchain provides a single, real-time, tamper-proof trail of transactions, making audits faster, more accurate and more reliable.Streamlined reconciliation and reportingBlockchain simplifies day-to-day reporting, too. Instead of manually reconciling across different ledgers, authorized parties all have access to a shared, automatically updating record.Adoption challengesOf course, it’s not all smooth sailing.Lack of standardization: There’s still no universal rulebook for blockchain accounting. Groups like the AICPA and the International Accounting Standards Board are issuing early guidance, but without global standards, firms must tread carefully.Integration woes: Most firms still use legacy enterprise resource planning and accounting platforms that weren’t designed for blockchain. Integrating — or deciding when to overhaul — poses serious technical and financial challenges.Regulatory uncertainty: Regulations around digital assets and blockchain-based transactions are evolving fast. Firms must keep their internal controls and reporting practices agile to stay compliant.Did you know? The concept of triple-entry accounting, enabled by blockchain, adds a third component to traditional double-entry systems. Blockchain for CFOs and treasurers In 2025, blockchain is a practical tool for chief financial officers and treasurers looking to sharpen financial reporting, improve operational efficiency, and strengthen risk controls.Strategic applicationsReal-time financial reporting and analysis: Blockchain’s tamper-proof, real-time data streams give CFOs instant access to financial performance. No more waiting for reconciliations — finance teams can forecast and pivot with live numbers at their fingertips.Smart contracts for compliance and transactions: Smart contracts automate routine processes like compliance checks and payment executions, reducing human error and ensuring agreements are enforced exactly as written.Tokenization for capital raising and asset management: Tokenizing assets such as real estate, equipment or equity opens new doors for raising capital and improving liquidity. Fractional ownership models also make it easier to access a broader investor base.Risk management considerationsWhile blockchain enhances security overall, it’s not invulnerable. Strong access controls, regular audits and active network monitoring are essential to protect systems and assets. Organizations also need contingency plans in place, since blockchain networks can experience outages or latency issues; having off-chain fallback procedures ensures business continuity during disruptions.Finally, CFOs and treasurers must stay actively engaged, working closely with legal teams and regulators to stay ahead of compliance risks and future-proof their operations. Best practices for blockchain compliance If you’re operating — or planning to operate — in blockchain environments, these practices should be at the top of your checklist.Establish robust internal controlsManaging digital assets safely demands stricter-than-ever internal controls. That means:Segregation of dutiesRole-based access systemsRigorous transaction validation.Without these safeguards, the risk of fraud or mismanagement climbs quickly.Engage with regulators earlyOrganizations that wait for final rulings often find themselves scrambling. Proactively building relationships with regulatory bodies helps you stay informed and adapt to early guidance.For example, a licensed Swiss crypto bank, SEBA, engaged early with the Swiss Financial Market Supervisory Authority (FINMA) and became one of the first banks to secure a banking and securities dealer license in 2019. Its proactive compliance approach allowed it to operate both crypto and traditional assets legally in Switzerland.In addition, the Crypto Valley Association (based in Zug) collaborates regularly with Swiss regulators to shape clear, forward-thinking crypto and blockchain policies. They’ve been instrumental in making Switzerland one of the world’s most crypto-friendly jurisdictions.Invest in ongoing compliance trainingBlockchain regulation is in flux. Regular training ensures your finance and compliance teams are ready to adapt.Everyone from junior auditors to senior compliance officers needs to stay fluent in blockchain fundamentals, regulatory updates and best practices.By building these habits into your organization now, you’ll be better equipped in the long term. Actionable steps for finance professionals So, blockchain does have real use cases in finance; it is here to stay and needs to be firmly on your radar. Here’s how different finance professionals can start making smart, manageable moves today:For bankersFocus on practical wins first.Look for areas where blockchain can immediately improve operations, like speeding up settlements, streamlining compliance processes or making loan servicing more transparent.Instead of jumping into a full blockchain overhaul, pilot small initiatives in targeted areas like trade finance or cross-border payments. This way, you can measure results with minimal risk.Also, partnering with fintechs that specialize in blockchain infrastructure can accelerate your learning curve and implementation, letting you tap into blockchain benefits without rebuilding internal systems from scratch.For CPAs and auditorsStay current with evolving standards — especially updated AICPA guidance on digital asset accounting and blockchain auditing.Certified Public Accountants (CPAs) and auditors also need to build technical expertise because auditing blockchain records isn’t the same as auditing traditional ledgers.You’ll need to understand:How blockchain structures dataHow verification worksWhat best practices apply to blockchain audit trails.Moreover, don’t be afraid to advocate for blockchain adoption at your firm — especially when it can boost transparency, lower risk, and strengthen the credibility of financial reporting.For CFOs and treasurers When evaluating blockchain initiatives, look through a financial lens first. Consider:How blockchain impacts cash flowHow tokenization might affect your balance sheetHow stablecoins or blockchain-based settlements could influence treasury operations.If tokenization or stablecoin strategies are even on the horizon for your business, they should already be reflected in your three- to five-year strategic plans.Also, don’t go it alone: Engage with peer networks, industry groups and blockchain-focused finance events. Real-world insights from other CFOs and treasurers can help you spot opportunities and avoid common early-adoption pitfalls.
Bitcoin bulls are trying to push higher from just under $97,000, attempting to confirm its latest breakout above a multi-day consolidation range. After stalling near $95,000 for over a week, Bitcoin broke out to $97,000 before reversing and forming a fair value gap. Related Reading: Bitcoin To Infinity? Venture Capitalist Says Crypto’s Value Vs. Dollar Has No Ceiling This has led to a surge in activity on the Bitcoin blockchain, and the next outlook is whether the current structure holds for a continuation to $100,000 or if this momentum could falter at a zone of resistance. Bitcoin Reaches 6-Month Peak In Network Activity One of the most notable shifts in market dynamics came from the on-chain side. According to crypto analyst Ali Martinez, Bitcoin just recorded its highest number of active addresses in the past six months. As shared in a post on social media platform X, Martinez noted that 925,914 BTC addresses were active within a single day, which is an unusually high level of engagement on the Bitcoin blockchain. The accompanying Glassnode chart reveals how steep this surge has been, building on a gradual climb that started in the last week of April. Interestingly, the spike in Bitcoin activity coincides with its recent reclaim of the $95,000 price range. Image From X: @ali_charts Adding to the bullish case, crypto analyst TehThomas shared a compelling technical analysis that pointed to a breakout continuation toward $100,000. Interpretation of the BTCUSDT 4-hour timeframe shows an almost identical structure to the one seen in mid-April. Back then, Bitcoin consolidated near $86,000, broke out, left behind a fair value gap (FVG), retested the gap, and rallied nearly $10,000. A mirror image of this pattern is currently unfolding. The Bitcoin price compressed below $95,000, broke through resistance, and created a fresh FVG between $94,200 and $95,000. TehThomas noted that the key is not to chase the breakout but to wait for a clean retest of the new FVG. If buyers defend that area as they did earlier this month, the road to $100,000 is structurally intact. However, even though the structure currently favors the bulls, the situation could turn bearish if Bitcoin drops back into the old range below $94,000. Chart from TradingView Bearish Golden Pocket Setup Highlights Risk Ahead Not all analysts are convinced that Bitcoin will reach $100,000 again without a shakeout first. A counterview on the TradingView platform highlights a possible short-term bearish setup based on the BTCUSDT 15-minute chart. According to the analyst, the current upward retracement appears corrective rather than impulsive, forming a classic short setup within a strong fair value gap resistance zone. Technical analysis shows that Bitcoin has retraced into a region that aligns with a bearish fair value gap and the golden pocket zone defined by the 0.618 to 0.65 Fibonacci levels. Related Reading: Bitcoin At $100K? $3 Billion In Shorts Are On The Line As it stands, the fair value gap is sitting between $97,000 and $97,450. Should price fail to break through this supply region, it could reverse and catch bulls off guard. Chart from TradingView At the time of writing, Bitcoin was trading at $96,040. Featured image from Unsplash, chart from TradingView
Prices for bitcoin skyrocketed to the $97,000 level today, increasing more than 2% and closing in on the symbolic $100,000 level. The cryptocurrency is in its continuing surge that has gotten investors enthusiastic so far in 2025. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Market Old Timer Forecasts Significant Price Target According to trading analyst Peter Brandt, Bitcoin may rise to $125,000 to $150,000 come late summer or early autumn. His forecast, made in social media posts a few hours prior to this report, is that the increase may occur in August or September 2025. This is based on Bitcoin successfully re-taking what Brandt refers to as its “parabolic trendline” – a technical chart pattern which demarcated earlier price cycles. The prospective move from the present levels near $96,000 to Brandt’s higher target of $150,000 would amount to a 56% return for buyers at today’s prices. Hey @scottmelker If Bitcoin can regain the broken parabolic slope then $BTC is on target to reach the bull market cycle top in the $125k to $150K level by Aug/Sep 2025, then a 50%+ correction pic.twitter.com/WUUzxl0ckn — Peter Brandt (@PeterLBrandt) May 1, 2025 Technical Analysis Indicates Multiple Patterns According to Brandt’s weekly chart analysis, Bitcoin is presently rising within what he sees as a bullish wedge formation. The cryptocurrency is also still within a long-term rising channel that has been holding price in check over the past few years. His chart also shows certain technical patterns that preceded Bitcoin price movements in history such as Head and Shoulders, Channels, and Expanding Triangles-all basic trends among technical traders. Timing In Accordance With Historical Halving Cycles The predicted high peak for Bitcoin in 2025 from August to September is in accordance with what has taken place after these past halving events. Those halvings – reducing the rate of new Bitcoins created – were always followed by price highs 12-18 months later. With the last halving occurring in April 2024, Brandt’s prediction is well within this likely timeframe. This association with Bitcoin’s supply dynamics makes some traders believe the forecast. Related Reading: Double Trouble Or Double Gains? Shiba Inu Shows Signs Of Reversal Amid Massive Burn Warning Of Severe Correction Following Peak Interestingly, the market expert has not merely predicted a high. Brandt believes Bitcoin could plunge dramatically, by more than 50%, after the top of its cycle, possibly taking prices all the way back down to $60,000-$75,000. While Bitcoin’s current price actions show strong upward momentum, seasoned investors know the market can change direction pretty quickly; 24/7 trading and worldwide participation has sometimes contributed to speed of execution and rapid price changes that would take unprepared traders by surprise. For the moment, however, Bitcoin’s race toward $100,000 is still attracting attention from longer-term believers and first-timers alike, hoping to cash in on what could be yet another historic run in cryptocurrency markets. Featured image from Unsplash, chart from TradingView
Libre, a tokenization firm, is launching the Telegram Bond Fund (TBF) on the TON blockchain. The fund will tokenize $500 million worth of Telegram’s debt, offering accredited investors access to high-quality yield products. Backed by Telegram’s $2.4 billion in outstanding bonds, these tokenized assets can also be used as collateral for on-chain borrowing and project …
Ethereum, the second-largest cryptocurrency, has increased by 12.3% over the past seven days. Interestingly, Ethereum has held its ground firmly, supported by a clean uptrend that began after the sharp recovery from $1,550 that kicked off on Tuesday. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says As it stands, the Ethereum price is at an important technical phase after retesting the $1,799 resistance level and pulling back into its final intraday support zone. A fresh push above $1,800 could open the door to $1,840 and beyond, whereas deeper retracements would test three important zones. Ethereum Turns Resistance Levels Into Support Ethereum’s recent rally has seen it break past three notable resistance levels that have rejected its price action for most of April. Interestingly, these resistance levels are located at $1,590, $1,654, and $1,703, as indicated by a technical analysis of Ethereum’s price action on the hourly candlestick timeframe chart on the TradingView platform. Following these breakouts, Ethereum continued to push upward with momentum until it encountered a tougher ceiling near the $1,800 mark. After briefly tapping into this zone, the price experienced a minor rejection, retracing back towards $1,730 before finding support and beginning another gradual climb. As it stands, the resistance at $1,800 is the next level to beat in the hopes of a close above $2,000 before the end of April. Nonetheless, even if Ethereum does not reach this level, a bullish sentiment will still be in place if it manages to hold above the broken resistances, which have now turned to support on the H1 timeframe. Ethereum Could Still Be Bullish Unless $1,654 Breaks Ethereum’s outlook remains bullish as long as the newly reclaimed levels at $1,590, $1,654, and $1,703 continue to act as reliable support zones. The first zone, positioned at $1,703, represents a short-term hourly support level. This area may attract early entries, but it is high-risk and prone to breaking easily. Beneath that lies the more structurally significant support at $1,654, which is also evident on the 4-hour chart. This level is a medium-risk zone, characterized by a cleaner and sound area of demand. It has a higher probability of initiating a bounce if tested, and its preservation is important in maintaining a short-term bullish bias for Ethereum. The strongest support level is at $1,590 and is somewhat low-risk for reentry. It has the most favorable risk-to-reward ratio, where smart money traders are likely to accumulate. Related Reading: Ethereum ‘Heating Up’ – Address Activity Jumps Nearly 10% In 2 Days As long as Ethereum stays above $1,703, the current uptrend remains valid. The bullish bias remains intact unless there’s a confirmed break below $1,654. A drop below the $1,654 support would shift the short-term outlook to neutral or bearish. On the other hand, a successful close above $1,800 could cascade toward the next target around $1,840 or even higher. Featured image from Unsplash, chart from TradingView
Bitcoin has spent the past seven days trying to hold near $85,000, with a trading range between $83,200 and $86,000. Buying momentum has turned positive in the past 24 hours, but an interesting technical analysis of the current price action points to a looming downside risk. Related Reading: BNB Weathers The Storm Better Than Altcoins, Stats Show Crypto analyst Xanrox laid out a bearish case for Bitcoin in an analysis on the TradingView platform, arguing that the ongoing falling wedge pattern, often seen as a bullish indicator, may actually be a calculated trap set by whales. According to his analysis, Bitcoin could crash to $67,000 before another strong move upwards. Bitcoin’s Falling Wedge That Might Not Be Bullish After All Xanrox’s main argument centers on the widespread belief that falling wedges are bullish reversal patterns. Although this is often true when the wedge forms at the start of a trend, the current wedge is forming at the end of a broader trend, which is a different scenario altogether. The daily candlestick timeframe chart shows the Bitcoin price moving inside a clean wedge structure while trading well below the 20, 50, 100, and 200 daily moving averages. This setup, according to Xanrox, paints the picture of a clear downtrend rather than a setup for a reversal. The bearish outlook is not just about chart patterns; it’s also about market psychology and the mechanics of liquidity. Such a setup is likely being exploited by whales in institutions and banks with enough liquidity to influence price action. These whales need retail buyers to create enough volume for them to offload or accumulate positions. By painting the illusion of a breakout, they can push retail participants into a false sense of opportunity, only to reverse the market and trigger stop losses across the board. This outlook plays into the growing notion that Bitcoin is increasingly becoming more of an asset among institutions, primarily due to the rise of Spot Bitcoin ETFs. Chart Image From TradingView: Xanrox 20% Price Move For Bitcoin This Week Xanrox predicted a 20% move for Bitcoin this week. A 20% move to the upside from the current $85,000 range would see Bitcoin trading back above $100,000 and somewhere around $102,000. However, this predicted 20% move isn’t an upside move but a downside move. Particularly, the analyst identified $67,000 as the level Bitcoin is most likely to test in the coming weeks. The $67,000 price level is the primary target if the current wedge fails as expected, as it is the major support on the way down if $75,000 is broken. Related Reading: Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says Even if the predicted 20% downside move fails to materialize this new week, there is still the possibility of the move taking place in the coming weeks. The analyst suggests Bitcoin may attempt to retest the upper zone between $108,000 and $91,000 before heading lower. At the time of writing, Bitcoin was trading at $84,280. Featured image from Pexels, chart from TradingView
Solana’s price action over the past 24 hours has been marked by a decisive move above the $135 level, a development that could signal growing bullish momentum. This breakout follows several days of sideways movement, during which the Solana price traded within a narrow range between $124 and $135. Related Reading: Whales Swallowing Bitcoin Fast — Will This Push BTC Price Up? Although the recent move above this consolidation zone hints at a potential upward continuation, on-chain data reveals that significant resistance awaits near $144, which may serve as the next major test for bulls. Levels That Will Define Next Solana Breakout According to a post on social media platform X by crypto analyst Ali Martinez, Solana’s current trading range between $129 and $144 is very important to how it goes from here. Particularly, Martinez noted that the most important support for the Solana price is at $129, while the key resistance to watch sits at $144. This commentary aligns closely with the data shown in a chart shared by the analyst, sourced from Glassnode’s UTXO Realized Price Distribution (URPD): ATH-Partitioned model. The volume bars shown in the URPD data below indicate that Solana’s price is boxed in between dense clusters of buying and selling activity. The tallest concentration is currently around the $129 to $144 region. The chart highlights that roughly 5.75% of all the current realized volume for SOL occurred near the $129 price point, making this level a strong support zone. Interestingly, its importance was reinforced on April 17, when Solana’s price rebounded sharply after briefly dipping to this level. Similarly, the $144 level also holds about 5% of the volume, acting as a resistance ceiling in the short term. This price zone previously rejected bullish attempts in the final week of March, confirming it as a short-term ceiling for upward momentum. Together, these two levels form a tightly contested range, and a breakout beyond either boundary will likely dictate whether Solana enters a new bullish leg or retraces further. Image From X: Ali_Charts The UTXO Realized Price Distribution (URPD): ATH-Partitioned Model The UTXO Realized Price Distribution (URPD): ATH-Partitioned is an advanced on-chain metric that maps out where current coin holders acquired their tokens in relation to the all-time high (ATH). When a price level shows a high concentration of realized volume, it implies that a significant number of tokens were bought at that level. These clusters tend to act as psychological support or resistance, since holders may be more inclined to defend breakeven zones (support) or exit at previous loss zones (resistance), depending on market sentiment. Related Reading: BNB Weathers The Storm Better Than Altcoins, Stats Show In terms of market sentiment, current market sentiment is gradually turning bullish for Solana, and the recent break above $135 puts the $144 level in focus, at least in the short term. The price could reach there this new week, or a drawdown in sentiment could bring the $129 into focus as the level to hold. At the time of writing, Solana was trading at $139, up by 3.6% in the past 24 hours. Featured image from Mudrex, chart from TradingView
Why some blockchains die Blockchains can die from flawed tokenomics, scams, security issues or lack of community and development momentum. Without active participation, even cutting-edge technology gathers dust.Ever heard of a blockchain that no one uses? It happens more often than you think. While the cryptocurrency space is full of innovation, but not every blockchain finds its tribe. Some are ghost towns with zero transactions, no developers and just a handful of holders stuck with worthless tokens. So, what makes a blockchain go quiet? And can they ever come back to life?Not all blockchains are built to last. Some blockchains, like Bitcoin, Ethereum and Solana, have survived harsh market conditions, proving their resilience. Terra, however, plummeted from top-tier status to near oblivion in 2022 after its algorithmic stablecoin imploded. Even well-intentioned projects can fail. Without ongoing development, user incentives or a strong community, blockchains can become unusable. Once the validators stop running nodes, the network effectively turns into a broken time capsule. Blockchain adoption challenges in 2025 Blockchain adoption in 2025 still faces hurdles like unclear regulation, fragmented developer tooling, infrastructure gaps and the struggle to attract real users over bots despite some chains like Ethereum and Solana paving the way forward.Regulatory uncertainty is one of the biggest roadblocks. Governments are still figuring out how to regulate crypto, and inconsistent or overly restrictive rules can strangle innovation before it takes root. Beyond policy, a thriving developer ecosystem is non-negotiable. Jumping between languages such as Solidity, Rust and Move-based systems demands versatility, and not every blockchain can lure the talent it needs to grow.Then there’s the user problem — chains are overrun with bots chasing airdrops instead of real people engaging with the tech. Without authentic activity, a network’s bustling metrics are just smoke and mirrors.Infrastructure is another major hurdle. Strong blockchains need robust tooling, high-quality remote procedure call (RPC) services and a decentralized validator set that ensures uptime and security. In the context of blockchains, RPC services refer to a mechanism that allows applications (like wallets, DApps or developer tools) to communicate with a blockchain network remotely. On top of that, a thriving blockchain must rally a strong community of users, builders and commentators who genuinely believe in its long-term success. Handling fear, uncertainty and doubt, or FUD, credibly is another test, especially when negative narratives arise; how a blockchain ecosystem responds can make or break trust. Keeping user loyalty while maintaining a sense of novelty is a delicate balance. Ethereum has mastered this across multiple market cycles, evolving while retaining its core developer and user base. Since the FTX collapse in 2022, Solana has demonstrated resilience, overcoming reputational damage to rebuild its ecosystem, attract developers, and drive real usage through improvements in speed, efficiency and community support.Did you know? Blockchain nodes expose RPC endpoints (often via HTTP or WebSocket protocols) that handle these requests. For example, when you use a decentralized app (DApp) on Ethereum, it might connect to an RPC service like Infura or Alchemy to fetch data or broadcast transactions. What blockchains are still active in 2025? As of April 2025, Ethereum, Solana, Bitcoin, BNB Chain, Polkadot, Near, Sui and Tron stand out as active blockchains, each excelling in distinct niches — DApps, speed, value storage, affordability, interoperability or scalability. Active chains show daily user engagement, developer momentum and sustained transaction volume, while inactive ones become digital graveyards.Not all blockchains are dead, but not all are thriving, either. Below are the insights into the standout survivors shaping the crypto landscape as of April 2025:Bitcoin: Bitcoin focuses on value storage, with a $1.636-trillion market capitalization on April 6, 2025, and regular transactions. The 2024 Bitcoin halving and approvals of exchange-traded funds (ETFs) keep it relevant. About 960 developers work on scalability, like Lightning Network, despite limited smart contract features.Ethereum: It powers decentralized finance (DeFi), non-fungible tokens (NFTs) and DApps, processing millions of daily transactions via layer 2s like Arbitrum as of April 2025. It had over 5,900 monthly active developers in June 2023. High total value locked (TVL) persists, though gas fees are a challenge without layer 2s.Solana: According to DefiLlama, Solana’s daily active addresses reached 3.68 million as of April 8, 2025. The surge is likely supported by its fast transactions and low fees. After the 2022 FTX dip, it recovered, supporting gaming and DeFi. It had over 1,400 developers in June 2023, with past outages noted as a concern. Also, the TRUMP token’s crash in March 2025, dropping over 85% from its January peak, strained Solana’s momentum.BNB Chain: Binance’s BNB Chain has 1.93 million daily users as of April 1, 2025, with affordable transactions. It shows notable TVL and volume, mainly in DeFi and gaming, though its centralized nature is debated.Polkadot: Polkadot connects blockchains, with over 1,900 developers in June 2023 working on interoperability. It supports multiple parachains, with moderate but growing activity as of April 2025, though it’s less accessible to casual users.Near Protocol: Near logs 3.18 million daily addresses as of April 1, 2025, using sharding for scalability. It supports DeFi and gaming, with developer tools aiding growth, but it’s still proving itself against larger chains.Sui: Sui, with 2.46 million daily users as of April 1, 2025, uses an object-oriented model for speed. Active in DeFi and gaming, it’s newer and lacks the ecosystem depth of older networks.Tron: Tron has 2.45 million daily addresses as of April 1, 2025, focusing on stablecoin transfers like Tether USDt (USDT). It handles high throughput but has limited DApp variety compared to others.Inactive chains like EOS and Terra, impacted by governance or collapse, contrast with the above blockchains. So, a blockchain’s success hinges on its daily activity. How many people are actually transacting on a blockchain every day? Are developers still building new DApps? Is there any meaningful transaction volume? If the answer to these questions is “not much,” the chain might be on its way to becoming a digital graveyard.Did you know? According to Santiment, the top five Ethereum-based cryptocurrencies by development activity in March 2025 were Chainlink (LINK), Starknet (STRK), Ether (ETH), EigenLayer (EIGEN) and Fuel Network (FUEL). This ranking reflects the volume of development work, a key indicator of potential growth and innovation in the crypto market. Blockchains that faded: What went wrong? Blockchains like EOS and Terra teach us that hype isn’t enough. A blockchain needs real utility, trust and continuous innovation to survive.Cases like EOS and Terra show that initial excitement isn’t enough to sustain a blockchain. Long-term survival seems tied to practical utility, trust and ongoing development rather than just hype.Some blockchains started with potential but struggled to maintain traction. EOS, once called an “Ethereum killer,” raised $4 billion in its 2017 initial coin offering (ICO). By 2025, it saw minimal use, affected by governance challenges and low adoption. Terra and its LUNA token faced a steeper drop in 2022 when its algorithmic stablecoin unraveled, erasing billions in value.These examples suggest hype alone doesn’t ensure staying power — blockchains appear to need real use cases, solid security and active evolution.Community often marks the divide between a blockchain that endures and one that fades. Ethereum has weathered multiple downturns, supported by a large developer base and active users. Developers building DApps draw in users, creating a cycle of growth. Validators and stakers enhance trust, boosting liquidity. Without this participation, even technically advanced chains struggle to remain relevant. How to spot a living blockchain Metrics like transaction volume, TVL, developer activity and validator count are essential signs of whether a blockchain is alive and trusted.How can you tell if a blockchain is healthy? Transaction velocity and volume are major signs. A strong, active blockchain sees consistent transactions, while low activity is a red flag. Total value locked (TVL) is another critical metric because if DeFi users trust a chain, they’ll lock funds into its protocols. A declining TVL suggests that users are leaving. Developer activity is also crucial. Are new projects launching? Is there ongoing development? A stagnant developer ecosystem often signals trouble. Validator and node count matter, too. A high number of validators shows decentralization and network security. And finally, liquidity and the onchain economy play a big role. If liquidity is drying up, so is the chain’s future.Developers and founding teams move across blockchains if they can’t scale from where they are originally based. It comes with a cost, often to rebuild skills and user base. But multiple projects moving out of a chain can indicate a bearish trend for the chain, and vice versa could also be true.For example, on April 3, 2025, the gaming project Infecteddotfun announced that it was shifting from Base to Solana due to scaling struggles. The project’s viral speculative simulation game drew 130,000 signups in 48 hours, overwhelming Base with transaction demand, spiking gas prices and halting gameplay. The team pointed to Ethereum Virtual Machine chain limitations, favoring Solana’s user-centric culture and robust user base. What brings a blockchain back to life? Inactive chains can return if they find compelling use cases, have a strong community, offer strong incentives, or evolve into new forms like layer-2 solutions.So, can a dead blockchain come back to life? Sometimes. The key is finding a reason for people to return. A new use case can revive interest, especially if it solves a real problem. Protocol upgrades that improve scalability, fees or interoperability can also rekindle activity. Strong incentives, such as grants, airdrops or liquidity rewards, can attract developers and users back to a network. In some cases, struggling projects pivot into layer-2 solutions or merge with more active ecosystems to stay relevant.But most of all, a thriving community that has a high conviction on the future of a chain can lead to its resurgence from the worst. Solana’s rise from the FTX debacle due to a committed community is a case study in that respect.The blockchain world moves fast. Some networks thrive, and some fade into obscurity. The ones that last are those with strong community support, real-world utility and continuous innovation. If a blockchain is silent today, it doesn’t mean it’s gone forever, but reviving it takes more than just wishful thinking.
Solana appears to be gearing up for a major technical breakout, with recent price action building up an interesting chart formation. A familiar bullish pattern has formed, and if validated, it could drive the price to a level not seen in recent weeks. This new development was highlighted by popular analyst Titan of Crypto on social media platform X. Pattern Breakout Sets $143 In Sight Like every other large market-cap cryptocurrency, Solana has experienced an extended period of price crashes since late February. In the case of Solana, this price crash has been drawing out since January, when it reached an all-time high of $293 during the euphoria surrounding the Official Trump meme coin. Since then, Solana has corrected massively, even reaching a low of $97 on April 7. Related Reading: Bitcoin Maxi Takes Aim: Ethereum’s True Value? Lower Than You Think The price action before and after this $97 low has created an interesting formation on the 4-hour candlestick timeframe chart. As crypto analyst Titan of Crypto noted, this formation is enough to send Solana back up to $143. At the heart of the latest bullish outlook is a clearly defined inverse head and shoulders structure, which is known for its reliability in signaling a reversal from a downtrend to a bullish breakout. The left shoulder of the pattern began forming in early April as Solana attempted to rebound from sub-$110 levels. The subsequent drop to the $96 bottom on April 7 formed the head of the structure. From there, a recovery started as buyers cautiously stepped back in, giving rise to the right shoulder. The breakout of the neckline resistance has taken place in the past 24 hours. With this in mind, Titan of Crypto predicted that $143 becomes the next logical destination based on the measured move from the head to the neckline. Image From X: Titan of Crypto Momentum Strengthens With Structure Confirmation Looking at the chart shared by the analyst, the momentum behind Solana’s price movement appears to be gaining strength. Trading volume is an important metric in evaluating the strength of a breakout, and the volume accompanying the recent breakout above the neckline seemingly confirms it. Particularly, Solana has seen a 5.3% increase in its price during the past 24 hours, with trading volume surging by 3.76% within this timeframe to $4.21 billion. Although it is common to see a throwback or minor consolidation just above the neckline, the projected path suggests continued upside as long as price action holds above that key breakout zone. Related Reading: From Joke To Juggernaut: Dogecoin Value Revolution Gets Nod From Global Asset Giant At the time of writing, Solana is trading at $129, 10% away from reaching this inverse head-and-shoulder target. A move to $143 would not only represent a meaningful recovery from April’s lows but could also improve the confidence in Solana’s price trajectory moving into Q2. The next outlook is what happens after it reaches this target of $143, which will depend on the general market sentiment. Featured image from The Information, chart from TradingView
The United States hasn’t traditionally been the friendliest jurisdiction for blockchain startups. Last year, SEC Commissioner Mark Uyeda publicly lambasted the agency for its handling of the industry under ex-Chair Gary Gensler, calling it a “disaster.” Thankfully, the winds of change have turned into a veritable typhoon and the old heavy-handed enforcement approach seems like …
New York lawmakers proposed studying blockchain application for unbiased voting and election results.
The NPS plans to invite blockchain experts and companies to participate in a preliminary disclosure process before starting a research study.
Ethereum and Bitcoin went through very different trajectories in the first quarter of 2025, and the divergence could not be more obvious. According to data from on-chain analytics firm IntoTheBlock, Ethereum underperformed significantly, dropping nearly 50% in value over the past three months. Related Reading: Bitcoin’s Safe, Saylor Says, While Trump Waves The Tariff Sword Bitcoin, though also correcting, saw a smaller decline below 15%. This reflects a broader trend in the crypto market where inflows and interest went toward Bitcoin and a few altcoins, leaving Ethereum struggling to regain momentum. Ethereum’s Underperformance Vs. Bitcoin In Q1 Bitcoin began Q1 on a notably bullish trajectory due to increasing institutional interest and strong inflows into Spot Bitcoin ETFs, a combination which pushed the price to a new all-time high of $108,786 on January 20. This price marked the peak of a steady upward movement that has placed Bitcoin firmly in the spotlight since October 2023. However, a pronounced downtrend followed this peak, particularly in March, when the Bitcoin price dipped below $80,000 for the first time since November 2024. An already struggling Ethereum price fared much worse and broke below a strong support of $1,900. Bitcoin has shown resilience since this break, bouncing back above $83,000 and even recently touching $87,000. On the other hand, Ethereum continues to trade below $1,900 and is now at risk of losing $1,800 and breaking below. According to data from Cryptorank, Ethereum closed Q1 2025 with a 45.3% decrease from its quarterly open. This marks the second-worst Q1 performance for Ethereum, behind a 47.5% decline in Q1 2018. Bitcoin, on the other hand, ended Q1 2025 with an 11.7% decrease from its opening price. Image From X: IntoTheBlock Ethereum Price Direction: $1,800 On Crosshairs With Cautious Bullishness Ethereum’s decline has been amplified by a visible drop in trading interest and inflows even in Spot Ethereum ETFs. Most of the attention has been on Bitcoin, with Solana, Dogecoin, and XRP taking the most significant share of interest in the altcoin market. Nonetheless, many crypto analysts are still bullish on Ethereum and are on the outlook of a bounce as it is now nearing a bottom around $1,800. According to a crypto analyst (@CryptoELlTES ) on social media platform X, Ethereum at $1,800 is the bottom. This outlook is based on this level, which acted as resistance in the 2022 bear market and is expected to flip to become support. Another analyst (Crypto Fella) noted that a reversal at this point “would be very good for alts,” suggesting a possible broader market recovery for altcoins if Ethereum finds solid footing here. Image From X: @CryptoELlTES Related Reading: Solana Slammed By Whale Dump—Can It Recover Or Is More Pain Ahead? At the time of writing, Ethereum is trading at $1,803, down by $0.18% and 1.9% in the past 24 hours and seven days, respectively. Featured image from Pexels, chart from TradingView
The Chinese government is considering integrating blockchain to enhance the security of its credit information systems, according to a report from STCN. The move is part of a broader effort by the National Development and Reform Commission (NDRC) to apply emerging technologies in improving data-sharing practices and safeguarding sensitive information. Li Chunlin, Deputy Director of […]
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