Solana co-founder Anatoly Yakovenko has proposed creating a “meta blockchain” designed to lower data availability (DA) costs while boosting interoperability across multiple blockchain networks. In a May 12 post on X, Yakovenko explained that the proposed meta blockchain would not serve as a standalone layer but as an aggregator. It would gather and organize data […]
The post Solana co-founder proposes ‘meta blockchain’ to unite decentralized ecosystems appeared first on CryptoSlate.
Upexi has a $100 million investment commitment anchored by GSR to buy and stake as many SOL tokens as possible.
The Nasdaq-listed firm has accumulated 595,988 in Solana's SOL, worth nearly $105 million, in the month since its crypto pivot.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
In an interview that spanned everything from macro-economics to meme-coin mania, veteran trader and Asymmetric founder Joe McCann laid out a forceful—but narrowly targeted—thesis: Bitcoin’s institutional flows can propel it to the high six-figure range, Solana is “the fastest horse” toward a mid-three-digit print, and Ethereum’s investment case is increasingly threadbare. Bitcoin To $400,000 McCann began by striking at one of crypto’s longest-lived touchstones. “It’s become clear to anyone who follows crypto that the four-year cycle is effectively dead,” he told host Scott Melker, arguing that traditional patterns of post-halving rotation have been overwhelmed by spot-ETF inflows and by what he calls an unprecedented “headline-driven market.” Those flows, he said, are only beginning. Sovereign wealth funds, pensions, and corporations are “hoarding Bitcoin the way they once hoarded gold,” but unlike bullion, the supply cap is immutable. With uncertainty indices at all-time highs and US trade policy setting the tempo of risk assets, McCann sees a probabilistic path toward enormous upside once “local maxima” on tariffs are understood. Related Reading: Bitcoin 6-Month Flight Plan To $188,000, Here’s The Roadmap “If Trump does deregulation, if he chills out on tariff policy, you could see Bitcoin actually rip two, three, four-hundred thousand dollars. It really is just a number. It’s more about the flows.” Pressed for timing, the CEO of Asymmetric would not anchor to a specific date, but he did outline the mechanics: reflexive price action in a thinly supplied market. Bitcoin, still a “fraction of the market cap of gold,” now trades in an environment where gold’s 40% year-to-date rally has revived the digital-gold narrative. A break of the Bitcoin-gold cross to the upside could lure capital away from bullion “simply because it’s easier to transport and censorship-resistant.” The implication is that a decisive break above the psychological $100,000 could accelerate quickly to the headline figure of $400,000 on ETF demand alone—particularly if the US administration moves ahead with initiatives such asUS President Donald Trump Strategic Bitcoin Reserve buys in a budget neutral way or Senator Cynthia Lummis’s proposal. Bitcoin To $400K, Solana To $420, Ethereum Not Worth Owning | @joemccann 0:00 Intro 2:27 Trump’s Impact on Markets 5:11 Crypto’s Massive Repricing 8:30 Gold vs Bitcoin 13:22 Bitcoin Correlation Debate 16:16 Digital Gold Future 19:06 Trump’s Crypto Influence 23:18 Meme Coins… pic.twitter.com/U52rvt39LL — The Wolf Of All Streets (@scottmelker) May 11, 2025 Where Are Solana And Ethereum Heading? If Bitcoin is McCann’s 70% core position, Solana is his high-conviction satellite. He credits the network’s throughput during last month’s Trump-branded meme-coin launch—“the chain did not suffer; it hummed right along”—as a proof-of-scale moment. Wallet abstractions such as Moonshot, and the migration of stable-coin flows from Ethereum, have in his view removed the UX friction that capped the last cycle. “When the most popular person on the planet launches a meme-coin on Solana, what does that tell you? We have infrastructure ready for mass adoption.” Related Reading: Sovereigns Are Buying Billions Of Bitcoin, Says Anthony Scaramucci With spot-Solana ETFs already live in Canada and US filings advancing, he projects that “given the fundamentals coupled with ETF flows… Solana’s got to be at least $420,” a figure he reiterated more than once. By contrast, McCann’s hedge-fund book carries only one structural short: ETH. He offered a blunt rationale: once-innovative technology, but an asset now “being cannibalized by its own L2s.” With gas averaging one cent, fee revenue is insufficient to reward holders, and institutional channels prefer tokens that either accrue protocol cash-flow or sit inside ETF wrappers—criteria he does not see Ethereum satisfying. “The asset is not worth owning,” he concluded. “Anytime Ethereum rips, usually take profits across the board on everything.” McCann doubts the return of the indiscriminate “alt-season” that characterised prior tops. Liquidity, he argued, has bifurcated into Bitcoin ETFs on one end and high-velocity meme-coin venues such as Pump.Fun on the other. Tokens in between must now defend themselves with “real protocol revenue, not just governance.” If they do, he foresees a coming wave of dividend-style crypto ETFs aimed at yield-hungry boomers; if they don’t, “most of them will trade to zero.” At press time, BTC traded at $104,528. Featured image created with DALL.E, chart from TradingView.com
Block traders piled into the $200 call option expiring on June 27.
Global Dollar Network has added 19 new partners as it pushes to increase the adoption of its Solana-based USDG stablecoin.
Crypto investment products added $882 million worth of net inflows for the fourth week in a row, according to asset manager CoinShares.
Solana started a fresh increase above the $162 zone. SOL price is now consolidating near $175 and might extend gains above the $180 zone. SOL price started a fresh upward move above the $155 and $162 levels against the US Dollar. The price is now trading below $165 and the 100-hourly simple moving average. There is a short-term rising channel forming with support at $172 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $176 resistance zone. Solana Price Consolidates Gains Solana price formed a base above the $150 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $155 and $162 resistance levels. However, the bears were active below the $180 resistance zone. A high was formed at $180.10 and the price corrected some gains. The price dipped below $175 and $172. A low was formed at $169.53 and the price is now attempting another increase. There was a move above the 50% Fib retracement level of the downward move from the $180 swing high to the $170 low. Solana is now trading above $172 and the 100-hourly simple moving average. There is also a short-term rising channel forming with support at $172 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $176 level and the 61.8% Fib retracement level of the downward move from the $180 swing high to the $170 low. The next major resistance is near the $180 level. The main resistance could be $185. A successful close above the $185 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level. Downside Correction in SOL? If SOL fails to rise above the $176 resistance, it could start another decline. Initial support on the downside is near the $172 zone. The first major support is near the $170 level. A break below the $170 level might send the price toward the $162 zone. If there is a close below the $162 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $172 and $170. Major Resistance Levels – $176 and $180.
Solana is gaining momentum once again, with price action pushing above the $175 level for the first time in weeks. The move comes as crypto markets roar back to life, fueled by Bitcoin’s push above $100K and Ethereum’s explosive rally past $2,500. Solana has surged more than 20% in the past week alone, signaling strong demand and a renewed bullish outlook from traders and investors alike. Related Reading: XRP Whales Are Back – 880 Million Tokens Accumulated This Month Top analyst Big Cheds shared a technical analysis revealing that Solana is now making a strong advance into a key spot—the underside of the daily 200 moving average (DMA). The asset is also approaching a lower high around the $180 mark, which previously acted as resistance during the last failed breakout attempt. Cheds notes that reclaiming this zone would be a significant win for bulls, potentially triggering a sharp continuation toward new highs. Market sentiment is turning optimistic across the board, and Solana’s technical setup reflects that shift. As price approaches the 200DMA, all eyes are on whether SOL can hold this momentum and break through key levels to join the broader market rally. The coming days will be crucial for confirming a full trend reversal. Solana Approaches Pivotal Level As Bulls Eye Breakout Solana is showing renewed strength after a clean breakout above the $160 resistance zone, a level that had capped price action for several weeks. The surge has brought SOL into a critical region that could act as a pivot point—either igniting a fresh bullish rally or marking a temporary top before a retrace. As global tensions between the US and China and broader macroeconomic uncertainties linger, the crypto market remains exposed to sudden sentiment shifts. However, recent price action in Solana, along with Bitcoin and Ethereum, suggests that investors are increasingly optimistic about a continued market recovery. Solana’s current structure reflects that optimism. The asset is now testing the underside of its daily 200 moving average, a level often viewed by traders as a trend-defining indicator. A successful push above this moving average would add further confidence to the bullish thesis. At the same time, Solana is approaching a lower high near the $180 zone, where the price was previously rejected in March. Cheds points to this convergence as a crucial area: a breakout here could mark the beginning of a larger reversal pattern. Still, risks remain. A rejection at the $180 level could reinforce resistance and trigger a pullback toward the $160 support, especially if macro conditions worsen or profit-taking sets in. For now, however, bulls appear to be in control, and the technical landscape supports a potential continuation—if momentum holds. Related Reading: Bitcoin 4H Chart Shows Bullish Consolidation – Classic Continuation? Technical Levels: Price Action Shows Strength Solana (SOL) is exhibiting strong momentum as it trades at $176.41, advancing toward a crucial resistance area around the $180 level. The daily chart shows that SOL has surged rapidly from April lows, breaking above both the 200-day EMA ($161.67) and approaching the 200-day SMA ($181.10), a key area that could determine the next major trend. This zone acted as support and resistance multiple times in the past, particularly during Q4 2024 and early 2025. Now, as price returns to this range, it becomes a potential pivot point. If bulls can sustain pressure and close above $181.10 with volume confirmation, it may trigger a continuation toward $200 and possibly retest February highs above $260. However, failure to break above this range could prompt a rejection and consolidation below the 200 SMA. Related Reading: Bitcoin Whale Entry Prices Diverge Sharply – Confidence Builds At Higher Levels Volume has picked up significantly over the last few days, indicating rising interest and participation from traders. This is a constructive sign as Solana attempts to reclaim higher ground. For now, the trend remains bullish, but eyes are on the $180–$185 resistance zone to confirm whether SOL has the strength to continue its breakout or faces a short-term pullback. Featured image from Dall-E, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The company's "Opening Bell" platform lets SEC-registered shares trade on-chain, bridging crypto and public equity markets.
Superstate was among several firms to propose an SEC-backed framework to bring Wall Street stocks to the blockchain.
On-chain data shows the top buyers of XRP are still in an 11% net profit today. Here’s how other top coins like Bitcoin and Solana compare. XRP Top Buyers Are The Only Ones In The Green Right Now In a new post on X, the on-chain analytics firm Glassnode has talked about how the situation of the top buyers has been looking for different top digital assets. Related Reading: Bitcoin Network Activity In Bear Market Zone—Warning Or Opportunity? The indicator of interest here is the “Realized Price,” which keeps track of the cost basis or acquisition level of the average investor on a given cryptocurrency network.When the value of the metric is above the spot price of the asset, the holders as a whole can be assumed to be in a state of net unrealized loss. On the other hand, it being under the token’s price implies the dominance of profit on the network. In the context of the current discussion, the Realized Price of the entire userbase isn’t of relevance, but rather that of only a specific portion of it: the investors who got in during the earlier euphoria phase of December 2024 to January 2025. From today, this period lines up with the 3 months to 6 months old range, so Glassnode has referenced the average cost basis of these mid-term holders. First, here is a chart showing the Realized Price of this cohort for XRP: As is visible in the above graph, the Realized Price of the 3 months to 6 months old XRP investors is currently trading a notable distance under the cryptocurrency’s spot price. Naturally, at least some of the top buyers of the asset would have capitulated by this time, but it would appear that those that still continue to hold are sitting relatively comfortably at a profit margin of 11%. Related Reading: Bitcoin In The Middle Of A Decision Point, Analyst Says—Here’s Why While this may be so for the mid-term holders of XRP, the trend is different for those present on the other major networks. As the below chart shows, Solana’s 3 months to 6 months old hands currently have their cost basis above the spot price. More specifically, SOL’s mid-term investors are holding a net unrealized loss of around 28%. The situation is even worse when it comes to Ethereum, with the cohort sitting about 36% underwater on the blockchain. Even Bitcoin has this group carrying a loss, although the margin is just 1% in the case of the number one cryptocurrency. As for what this trend of the top buyers being underwater could mean, the analytics firm has noted, “price stabilizing below the 3m–6m holders’ cost basis is a clear sign of market weakness.” XRP Price At the time of writing, XRP is floating around $2.13, down almost 4% in the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
The move increases the firm's outstanding shares from about 2 million to 14 million, though its authorized share capital won't be affected.
The crypto market has become more unpredictable as investors wait for the Federal Reserve’s decision on interest rates. Recently, the price of SOL went up and got close to $150, but it couldn’t break through and was pushed back down. This caused a drop in some key on-chain metrics, as investors started diverting their investment. …
Formerly known as Janover, the company's SOL holdings are worth more than $57 million at current prices.
The Canadian firm is betting on Solana by using debt financing to scale its validator footprint and crypto holdings.
The purchase comes five days after DeFi Development Corp. penned a $24 million private investment in public equity deal to buy more solana.
The collaboration will enhance mapping accuracy by combining Natix’s network with Grab’s mapmaking technology.
Solana started a fresh decline from the $155 zone. SOL price is now consolidating near $145 and might extend losses below the $142 support. SOL price started a fresh decline below the $150 and $148 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a short-term rising channel or a continuation pattern forming with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $148 resistance zone. Solana Price Consolidates Gains Solana price formed a base above the $142 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $145 and $150 resistance levels. However, the bears were active below the $155 resistance zone. A high was formed at $153.90 and the price started a fresh decline. The price dipped below $150 and $148. A low was formed at $142.64 and the price is now consolidating losses. There was a minor move above the 23.6% Fib retracement level of the downward move from the $153.90 swing high to the $142.64 low. Solana is now trading below $150 and the 100-hourly simple moving average. There is also a short-term rising channel or a continuation pattern forming with support at $144 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $147 level. The next major resistance is near the $150 level and the 61.8% Fib retracement level of the downward move from the $153.90 swing high to the $142.64 low. The main resistance could be $155. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $165. Any more gains might send the price toward the $180 level. More Losses in SOL? If SOL fails to rise above the $150 resistance, it could start another decline. Initial support on the downside is near the $145 zone. The first major support is near the $142 level. A break below the $142 level might send the price toward the $135 zone. If there is a close below the $135 support, the price could decline toward the $122 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $145 and $142. Major Resistance Levels – $147 and $150.
House Republicans unveil discussion draft of crypto legislation bill, and DeFi Development Corp plans to acquire a Solana validator business for $3.5 million.
The SOL validator business held an average delegated solana stake of about 500,000 SOL, worth around $75.5 million at the time of writing.
The Solana Foundation has revealed that a critical vulnerability affecting its Token-2022 standard was quietly patched in April, averting what could have been a catastrophic breach. If exploited, the flaw would have allowed attackers to mint an unlimited number of tokens or withdraw funds from any account without authorization. According to the post-mortem, the issue […]
The post Solana averts catastrophe with quiet patch of major token vulnerability appeared first on CryptoSlate.
A sophisticated attacker could forge invalid proofs that the on-chain verifier would still accept. This would have allowed unauthorized actions such as minting unlimited tokens or withdrawing tokens from other accounts.
It is unclear who reported the bug, and whether or not the individual or group will be entitled to a bug bounty from the Solana Foundation.
Solana is still facing a lot of resistance and it seems that the $200 target is getting harder to reach. This has been made harder by the bearish market winds, as well as declining participation from investors in online activities. As such, the Solana price is still struggling to stay above $150. However, given that there is starting to be a turn in the market sentiment toward the positive, the Solana price could be headed for a quick rebound. This is echoed by crypto analysts who have predicted that the altcoin still has room to run and one in particular suggests that new all-time highs are even possible. Why The Solana Price Is Turning Bullish Crypto analyst TradingShot has explained why the Solana price has been turning bullish recently. In a recent analysis, they explain that the rebound at the beginning of April has shown strength in the digital asset. This came as Solana bounced off the 1-Week MA200 at the start of last month, and this bullish start carried on to the end of the month. Related Reading: Last Chance For Polygon As Crypto Analyst Predicts MATIC Price Will Surge Above $1 Again With the momentum built up, the altcoin saw multiple weekly closes, and eventually closed out the month of April with another green weekly candle. This has set it on a path toward the next critical level, which lies at the 1-Week MA50 and follows the blue trend line at around $170, as shown in the chart below. This level is now the major point to break if Solana is to continue its bullish run in the month of May. The interesting thing about this level, as the crypto analyst explains, is that if the SOL price is able to surmount it, then it is expected to turn into support for the altcoin. Support at $170 would be quite bullish for the Solana price, serving as a possible bounce off point toward $200 once again. Targets From Here As stated above, the first thing is for the Solana price to actually test and break the blue trend line at $170. If this is successful and the bottom is in, then the next big target from here is the $350 level. The crypto analyst explains that this $350 target is the higher high of the wedge. Related Reading: XRP Price To Break Out Of Consolidation: The Next Moonshot That Will Lead To $3 Next, a clean break above $350 sets it on a clear path toward $900 as it sets higher highs. “Given that the recent 3-month correction was -67.23%, identical to the last correction (May 2021) of the previous Cycle, we expect one final rally to the 2.0 Fibonacci extension at $900, if the Higher Highs trend-line breaks,” TradingShot said. Featured image from Dall.E, chart from TradingView.com
Solana started a fresh increase from the $140 support zone. SOL price is now consolidating and might climb further above the $154 resistance zone. SOL price started a fresh increase above the $142 and $145 levels against the US Dollar. The price is now trading above $150 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $149 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $154 resistance zone. Solana Price Consolidates Gains Solana price formed a base above the $140 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $142 and $145 resistance levels. There was a break above a key bearish trend line with resistance at $149 on the hourly chart of the SOL/USD pair. The pair even spiked above the $150 resistance zone. A high was formed at $153.90 and the price is now consolidating gains. The price dipped below $152 and tested the 23.6% Fib retracement level of the upward move from the $140 swing low to the $154 high. Solana is now trading above $150 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $152 level. The next major resistance is near the $154 level. The main resistance could be $158. A successful close above the $158 resistance zone could set the pace for another steady increase. The next key resistance is $165. Any more gains might send the price toward the $180 level. Downside Correction in SOL? If SOL fails to rise above the $154 resistance, it could start another decline. Initial support on the downside is near the $150 zone. The first major support is near the $147 level. A break below the $147 level might send the price toward the $145 zone and the 50% Fib retracement level of the upward move from the $140 swing low to the $154 high. If there is a close below the $145 support, the price could decline toward the $140 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $147 and $145. Major Resistance Levels – $154 and $158.
Despite broader market uncertainty, SOL demonstrates remarkable resilience by climbing from April lows to establish new support levels above $150.
Participants in the private investment include Galaxy Digital, Amber International Holding Limited, Arrington Capital, and others.