Key Takeaways: Solana formed a megaphone chart pattern with a potential $210 price target. Solana’s ecosystem growth highlights renewed investor interest with a $4 billion realized cap increase and 731 million transactions. Solana (SOL) price tested its key resistance at $180 earlier this week, but the altcoin failed to establish a position above the level. […]
VanEck launches new crypto stock ETF
VanEck has launched a new actively managed exchange-traded fund (ETF) designed to invest in stocks and financial instruments offering exposure to the digital economy, the asset manager said on May 14. The VanEck Onchain Economy ETF (NODE) is listed on the Cboe exchange and aims to provide investors with broad exposure to companies operating in […]
Bitcoin is one rally away from new highs, but overly euphoric bulls signal ‘overheating’ market
Key takeaways: Bitcoin price maintains its bullish momentum, but a sentiment indicator suggests the market could be overheating. Data highlights Bitcoin traders taking profits and a lopsided market angled toward longs. Analysts warn of a potential short-term correction, especially if gold weakens or seasonal trends play out. Optimism has returned to the crypto markets, and […]
Bitcoin price sells off after Trump’s US-China tariff deal — Here is why
Key takeaways: Bitcoin lags as investors shift toward stocks after the US and China strike a deal that could end the current trade war. Macroeconomic conditions are swinging away from gold investing and back to stocks. Bitcoin (BTC) reached its highest price in over three months at $105,720 on May 12, but was unable to […]
Microsoft and OpenAI renegotiate investment deal: Report
Tech company Microsoft and artificial intelligence firm OpenAI are reportedly in talks to renegotiate the investment deal between the AI firm and Microsoft, which is OpenAI’s biggest financial backer. According to a report from the Financial Times, Microsoft may give up a portion of its equity in OpenAI for continued access to the AI company’s […]
Bitcoin now deflationary due to Strategy’s BTC purchases — Analyst
Strategy, a Bitcoin (BTC) treasury company, is accumulating Bitcoin at a faster rate than total miner output, giving the supply-capped asset a -2.33% annual deflation rate, according to CryptoQuant CEO and market analyst Ki Young Ju. “Their 555,000 BTC is illiquid with no plans to sell,” the analyst wrote in a May 10 X post. […]
US senators ask DOJ, Treasury to consider Binance-Trump ties — Report
A group of Democratic senators has reportedly sent a letter to leadership at the US Department of Justice and the Treasury Department expressing concerns about US President Donald Trump’s ties to cryptocurrency exchange Binance and potential conflicts of interest in regulating the industry. According to a May 9 Bloomberg report, Democratic senators asked Attorney General […]
Mashinsky’s 12-year sentence sets tone of enforcement in Trump era
The US federal court for the Southern District of New York has sentenced former Celsius CEO Alex Mashinsky to 12 years in prison for fraud. Mashinsky’s legal team sought a light sentence. They highlighted his spotless record before the Celsius incident, along with his military service and willingness to plead guilty. But US prosecutors were […]
US Treasury Secretary expresses support for crypto bills at hearing
Speaking at a hearing, US Treasury Secretary Scott Bessent toed the party line in suggesting support for two crypto-related bills moving through Congress. Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital assets” in response to a question […]
Solana bull flag, rising stablecoin market cap hint at SOL price rally to $220
Key takeaways: Solana’s stablecoin supply rose by 156% in 2025, to hit a new record at $12 billion. Solana’s TVL grew by 25% to $7.65 billion, with 27.7% decentralized exchange volume share, leading Ethereum and BNB Chain. SOL price formed a bull flag, with a price target at $220. Solana’s native token, SOL (SOL) failed […]