Solana price gained 500% the last time this SOL metric turned bullish

Key Takeaways: Solana’s 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity bridged to Solana reflects growing network confidence. Solana (SOL) price gained 18% this week, signaling rising bullish momentum. The altcoin is approaching a pivotal point,…

Bitcoin holds the bulk of its gains from this week’s rally to $100,000, altcoins turn bullish

Key points: Bitcoin holding $100,000 as a level of support would confirm the current trend change. Ether leads among altcoins, and DeFi tokens could follow. Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In an X post,…

Why crypto’s next breakthrough could start in the classroom — Animoca’s Yat Siu

Ripple’s $25 million donation to a crypto education fund has reignited conversations about how blockchain projects are building influence through academia—but in the latest episode of Byte-Sized Insight, Animoca Brands’ co-founder Yat Siu says that money alone isn’t enough.  Instead, real-world use cases like student loans backed by DeFi may be crypto’s most convincing value…

How high can Bitcoin price go?

Key takeaways: Bitcoin was up 4.3% on May 9, after breaking $100,000  for the first time since February. BTC price gains trigger $800 million in short liquidations, the largest since 2021. A bull flag on the weekly chart suggests a $182,200 target, with analysts predicting Bitcoin’s price can go as high as $1 million in…

Uniswap (UNI) Surges 13.5% as Index Trades Higher

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3138.72, up 6.0% (+178.07) since 4 p.m. ET on Thursday. Nineteen of assets are trading higher. Leaders: UNI (+13.5%) and NEAR (+11.7%). Laggards: BCH (-0.6%) and POL (+1.1%). The…

Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum

Solana does not yet have “convincing signs” that it could overtake Ethereum as the blockchain of choice for institutions, as its revenue is seen as unstable due to its memecoin concentration, according to crypto bank group Sygnum. In a May 8 blog post, Sygnum said that the current sentiment around Ethereum “remains poor,” with the…

US man who sent crypto to ISIS could remain in prison until age 65

A man from the US state of Virginia will spend over three decades behind bars after being convicted of sending crypto to the terrorist organization commonly known as the Islamic State of Iraq and Syria. Federal Judge David Novak sentenced Mohammed Azharuddin Chhipa to 30 years and four months in prison on May 7 for…

Zerebro dev is reportedly alive and at parents’ house: SF Standard

The 22-year-old developer of Zerebro, who apparently committed suicide during a livestream on May 4, is actually alive, according to a San Francisco news outlet that claims they spoke to Yu outside his family home.  The San Francisco Standard reporter George Kelly claimed on May 8 that he briefly spoke with Yu outside of his…

Bitcoin accepted at fast-food chain Steak ’n Shake from May 16

American fast food outlet Steak ‘n Shake has announced it will begin accepting Bitcoin as payment at all locations starting on May 16. The firm said on X on May 9 that it was making the cryptocurrency available to more than 100 million customers, adding that “the movement is just beginning,” before signing off as…

Bitcoin options highlight BTC’s potential to hit new all-time highs

Key takeaways: 97% of the $8.3 billion in Bitcoin put options expire worthless at a $102,000 BTC price. Short covering above $105,000 could trigger a Bitcoin price rally to new highs. Bitcoin (BTC) soared above $101,000 on May 8, reaching its highest level in over three months. The 4.6% daily BTC price gain triggered $205…