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Ambcrypto
6d
4
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Solana faces major battle at $180 resistance: Can SOL rewrite history?
- Solana (SOL) has witnessed a return of capital inflows after a period of outflows, signaling renewed interest and potential price appreciation.
- Positive on-chain data and bullish signals suggest a bullish outlook for SOL, with the 30-day Realized Cap inflows growing by 4–5% and indicating recovery strength.
- SOL is currently testing the $180 supply zone, with the possibility of breaking out towards the $200 psychological level if capital inflows and buyer dominance continue to strengthen.
- The rally to $200 for SOL hinges on the strength of demand and whether buyers can sustain the current momentum, setting the stage for potential major price action in the near future.
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Coindoo
6d
148
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Ethereum Stablecoin Volume Hits Record $908B in April
- Ethereum's stablecoin volume hit a record $908 billion in April, with USDC leading with over $500 billion in transaction volume.
- Other key contributors included DAI and USDS, reflecting a growing diversity in the stablecoin market.
- The spike highlights Ethereum’s increasing role as a settlement layer for digital finance, with stablecoins becoming essential tools for liquidity, payments, and yield strategies.
- The trend over the past 12 months shows Ethereum's dominance in stablecoin activity, with USDC leading the way, positioning Ethereum as the hub for decentralized finance and institutional-grade digital assets.
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Newsbtc
6d
8
Image Credit: Newsbtc
Ethereum Breaks Above Key Realized Price Zones—What It Means for ETH
- Ethereum (ETH) experienced a slight price pullback in the past 24 hours, but remained over 30% higher than the previous week.
- Ethereum's rally into new price zones has pushed it above crucial realized price levels, prompting monitoring of realized price data by analysts like BlitzzTrading.
- Different wallet cohorts for ETH have varying average cost bases, with prices ranging from $1,222 for wallets over 100,000 ETH to $2,225 for balances between 100-1,000 ETH.
- Profit-taking behavior by Ethereum whales, holders of over 10,000 ETH, can impact market trends with potential implications for short-term price movements.
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Bitcoinist
6d
309
Image Credit: Bitcoinist
Ethereum Goes Heavy On Defense With Trillion-Dollar Security Initiative
- Ethereum's nonprofit arm launched the Trillion Dollar Security Initiative on May 14 to enhance security for wallets, smart contracts, and the network to protect trillions in digital assets.
- The initiative includes scanning for vulnerabilities, collaborating with builders to implement fixes, and educating users, firms, and regulators on Ethereum security.
- The expert team, led by Fredrik Svantes and Josh Stark, alongside outside experts, will guide audits and suggest security enhancements to bolster Ethereum's defenses.
- The market reacted positively to the news, with ETH's price rising over 40% following the Pectra update. Ethereum's focus on security is crucial as on-chain activity increases, aiming to maintain its dominance in the DeFi space and reassure investors.
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TronWeekly
6d
45
Image Credit: TronWeekly
Litecoin at a Crossroads: Breakout to $132 or Fall to $70?
- Litecoin is facing resistance at $100, with a potential move towards $132 if it breaks this level.
- A failure to surpass $100 could lead to a drop to $97.12, with further losses possibly bringing the price down to $70.
- A breakout above the $99.85 to $100.68 range could signal bullish momentum, aiming to test the $104.58 level.
- On the 4-hour chart, Litecoin is finding support at $97.12 and $95.63 levels, indicating potential short-term positive movement.
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TronWeekly
6d
136
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Is Movement Labs Hiding Deals? MOVE Token Drops Amid Scrutiny and Allegations
- Movement Labs faces scrutiny for undisclosed deals with early supporters, leading to concerns of misrepresentation and a 10.45% MOVE token drop.
- Documents reveal Movement Labs allocated up to 10% of MOVE tokens to insiders, raising concerns about transparency and fairness.
- MOVE token price plummets after Coinbase suspends trading amid concerns of market manipulation, increasing investor uncertainty.
- Investors are closely monitoring Movement Labs as accusations and questions surrounding undisclosed agreements with early supporters continue to impact the company's credibility and the MOVE token's value.
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Ambcrypto
6d
298
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Blockchain-focused BTCS Inc. to raise $57.8M for Ethereum buys – Impact on ETH?
- Blockchain-focused BTCS Inc. is planning to raise $57.8M to acquire more ETH and expand validator operations.
- The firm currently holds over 9K ETH and operates more than 500 validators, aiming to capitalize on Ethereum's growth momentum.
- BTCS Inc.'s fundraising strategy involves using debt and convertible notes to scale its validator node operations and increase ETH holdings.
- The company's focus on staking rewards and expanding ETH holdings aligns with its goal to benefit from Ethereum's rising market trends and potential gains.
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Coindoo
6d
305
Image Credit: Coindoo
Stablecoin Adoption by Institutions Hits All-Time High
- Stablecoin adoption by institutions has reached an all-time high, driven by regulatory clarity, technical readiness, and increasing customer demand for faster cross-border payments.
- 86% of institutions now have the infrastructure and partnerships in place to integrate stablecoins into their operations, transitioning from experimentation to scaled deployment.
- Majority of institutions are actively using stablecoins for payments, in pilot phases, or preparing for rollout, with only 10% undecided or inactive on the issue.
- Regulatory and technical hurdles that once hindered adoption have significantly decreased, attributed to clearer regulations, improved compliance frameworks, and rising confidence in stablecoins as a core part of the global financial system.
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TronWeekly
6d
227
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Ethereum Holds Strong After 58% Monthly Rally, Eyes $3K Despite Pullback
- Ethereum has surged 58% in the past 30 days and is up 17% over the last week, currently trading around $2,529 after a slight correction from $2,736.
- Trading volume for Ethereum remains strong at $25.15 billion, indicating active investor participation and ongoing interest in the asset.
- Key resistance for Ethereum is at $3,100, with support at $2,233 potentially shaping its next move amid its bullish trajectory.
- Market analysis suggests that Ethereum's bullish momentum is supported by its technical structure, with price targets at $3,063, $3,566, and $4,201, signaling the possibility of further upside.
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Coindoo
6d
136
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Why These 6 Cryptocurrencies Are at the Center of Attention
- Solana is gaining attention for institutional interest and community engagement through airdrops and campaigns.
- Nexpace (NXPC) is rising in popularity with listings on major exchanges and high-yield offerings linked to the MapleStory Universe.
- Launchcoin, running on Solana, has surged in value with its VC-free token launch model via Believe platform and increased futures volume on KuCoin.
- Chainlink (LINK) supports enterprise blockchain integration with transactions from JPMorgan and SWIFT, while Tether (USDT) leads in liquidity and trading volume.
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TronWeekly
6d
37
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FTX Recovery Trust Begins $5 Billion Distribution May 30
- FTX Trading Ltd. and the FTX Recovery Trust will begin the second round of disbursements to creditors on May 30, 2025, under the approved Chapter 11 Plan of Reorganization.
- Eligible creditors will receive their funds through BitGo or Kraken within 1 to 3 business days once all prerequisites are satisfied.
- Distribution percentages vary by class, with Convenience Claims set to receive up to 120% of their claim.
- FTX's recovery distribution marks progress in reorganization efforts, emphasizing compliance requirements for shareholders to ensure future entitlements.
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Coindoo
6d
340
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Trader Turns $8K into $4M in 22 Days With One Bold Bet
- Trader turns $8,191 into $617,000 by purchasing and selling LAUNCHCOIN tokens.
- LAUNCHCOIN market cap skyrocketed from under $500,000 to over $300 million within 22 days.
- Despite selling 2.5 million tokens for $617,000, the trader still holds 12.12 million tokens valued at around $3.5 million.
- Total profit from the trade, including realized and unrealized gains, amounts to $4.1 million.
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TronWeekly
6d
20
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XCN Price Eyes Breakout: Will Chain Surge Past the $0.01750 Resistance?
- XCN price is on the verge of a breakout towards the $0.01750 resistance zone with positive market sentiment and bullish technical indicators.
- MACD indicates bearish convergence, while RSI approaching oversold levels hints at a potential reversal in XCN price movement.
- XCN is trading at $0.01644 with a market cap of $551.6M and a 24-hour trading volume of $29.35M, experiencing volatility but showing signs for the next major journey.
- A prominent analyst notes XCN facing bearish pressure, with price below key moving averages and resistance at $0.01750. MACD signals continuing bearish momentum, while RSI suggests a possible bounce at the support near $0.01600.
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Ambcrypto
6d
194
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Lido whales dump $10 mln tokens — But that’s not LDO’s only problem
- A wallet connected to DeFiance Capital deposited 9.3 million LDO tokens, worth $10.1 million, into major exchanges in the last 48 hours, signaling potential sell-offs amid a 10.37% price drop for LDO.
- Lido DAO (LDO) is facing bearish pressure due to weakened network engagement, with fewer daily active addresses and transactions, leading to a lack of organic demand and potential price stagnation or correction.
- Market metrics, like Price DAA Divergence and MVRV Z-Score, reflect caution as the price lacks strong user-driven support and buyers show hesitancy, indicating vulnerability for LDO's price stability.
- Derivatives metrics, including trading volume and Open Interest, have declined significantly, restricting volatility and dampening upward momentum for LDO, potentially leading to further downside risks in the short term.
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Bitcoinist
6d
248
Image Credit: Bitcoinist
When Will The XRP Price Explode? Timeline Shared By Crypto Pundit
- XRP's price has closely followed Bitcoin's recent price action, experiencing a 3.3% decline in the past 24 hours after a rejection from resistance.
- Crypto strategist Cryptoinsightuk predicts XRP's next explosive rally to align with key phases in Bitcoin's dominance cycle, leading to an altcoin season.
- Bitcoin dominance nearing the 70% mark historically signals the beginning of major altcoin seasons, potentially benefiting coins like XRP that have shown ability to outperform during such cycles.
- XRP's next leap in price and new all-time highs are expected to coincide with Bitcoin breaking through the $104,000 to $117,000 range, leading to capital rotation into altcoins and a significant price increase for XRP.
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