Key Takeaways: Chairman Lin Chunhao fled to the UK after confessing personal losses of over $96 million. Retail investors were enticed with promises of 6–9% annual returns via “municipal infrastructure” products. Over $180 million raised was lost across P2P lending, crypto trading, stock speculation, and promissory notes. Chairman’s Dramatic Departure In early May 2025, Lin Chunhao, chairman of China’s…
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Just like the rest of the market, the Solana price had previously hit a roadblock as resistance mounted. This stopped its recovery dead in its tracks before hitting the $180 level, and triggering a downward spiral. However, a crypto analyst has cautioned investors against panicking during this time, explaining that this is the time to be patient. Wait For More Defined Trends In a TradingView post, crypto analyst SiDec explained the current situation surrounding the Solana price, warning investors to not be in a hurry to enter into the coin. They points out that at this level, where the Solana price has hit resistance, it presents a lot of risk for those rushing to get into the market. Related Reading: Why The US-China 90-Day Tariff Slash Can Push Bitcoin Price Above $110,000 As explained, $175-$183 are historical resistance zones for the altcoin, so it is no surprise that investors are choosing these levels to exit after the recent market dump. Additionally, smart money is also looking for liquidity at these levels, and the Solana price is prone to false breakouts due to this development. When it comes to trading Solana, the crypto analyst explains that investors must wait for one of two things to happen. Either there is a pullback in the Solana price and it falls toward a “confluence-rich support zone” or wait for a clean breakout above the resistance at $183, as well as a retest and confirmation. With the current trend, the analyst identified the two key zones for the Solana price now. The first lies at $179.85, which was recently tested, and then $180.52, which is yet to be tested. The latter, at $180.52, holds the key as a break above this level would be the confirmation needed for a strong bullish continuation. Solana Price Completes Elliot Wave Count Another interesting development for the Solana price that the crypto analyst points out is the fact that the altcoin has completed a 5-wave sequence. The Elliot Wave Theory comes in only five waves and with the completion, it could mean that the bull rally is over for the Solana price. The next thing that could happen from here is that the price continues to correct, before confirmation leads to a bullish continuation. Related Reading: Bitcoin Price Targets $110,000 All-Time High After Consolidation Trend Ends The formation of the Fib Speed Fan pattern, as pointed out by the analyst, also suggests that the price could correct further from here. “The 0.618 Fib Speed Fan — drawn from the all-time high at $295.83 to the swing low at $95.26 — aligns perfectly with this resistance zone, adding more weight to the idea of a potential rejection or pause,” the analyst wrote. Given these developments, the crypto analyst has preferred possible entry points for long ad short positions. For bulls going long, the $165.42-$164.25 level could offer opportunity. While for short traders, the best setup shows a reversal play and entry at $200. Featured image from Dall.E, Chart from TradingView.com
Etoro announced the pricing of its upsized initial public offering (IPO) of 11,923,018 Class A common shares at a public offering price of $52.00 per share. The IPO is expected to raise approximately $620 million, reflecting a strong market interest in Etoro’s digital asset trading services. The shares are expected to begin trading on the […]
Key points:Bitcoin miners have stopped selling their BTC in what may signal the end of a lengthy distribution streak.Over the past month, miner wallet balances have increased by around 2,700 BTC.Hash Ribbons data shows good times continuing for both miners and BTC price strength.Bitcoin (BTC) accumulation by miners is back as network participants swap selling for hodling at $75,000 lows.Data from onchain analytics firm Glassnode shows that miners are now actively adding to their BTC reserves.Bitcoin miners buck months of sellingBitcoin hitting multimonth lows in April sparked a sea change in miner behavior, with a lengthy selling streak reversing into significant accumulation.Glassnode shows that shortly after BTC/USD bottomed just below $75,000, the balance in miner wallets itself found a floor, only to then start increasing along with price.Miner wallets held 1,794,622 BTC on April 12, while as of May 13, they had reached 1,797,330 BTC — an increase of 2,708 BTC or 0.15%.BTC balance in miner wallets. Source: GlassnodeWhile minimal in terms of total miner holdings, the turnaround is conspicuous as it follows a run of selling that initially gained momentum in late 2023. This, in turn, has led to optimism over the BTC price trajectory. “Extremely bullish for Bitcoin!” trader and investor Mister Crypto summarized in a reaction on X, referencing similar data from onchain analytics platform CryptoQuant.Miners have stopped selling.Extremely bullish for Bitcoin! pic.twitter.com/bLuCM5GMgL— Mister Crypto (@misterrcrypto) May 14, 2025Earlier, Cointelegraph reported on decreasing miner sell-side pressure helping contribute to price trend, with institutional buy volumes dwarfing the amount of mined BTC per day.Hash Ribbons deliver classic BTC bull signalA classic metric covering miner behavior continues to display classic performance since its latest “buy” signal.Related: Bitcoin illiquid supply hits 14M BTC as hodlers set bull market recordHash Ribbons, created by quantitative Bitcoin and digital asset fund Capriole Investments, uses two moving averages of hashrate to delineate periods of “capitulation” among miners.BTC/USD 1-day chart with Hash Ribbons data. Source: Capriole InvestmentsSince offering its last market entry tip in late March, BTC/USD has gained around 20%.“The hash ribbons are still flashing a buy signal here,” Mister Crypto commented in a post on the phenomenon this week, predicting BTC price to “go much higher in May.”Bitcoin Hash Ribbons data. Source: Mister Crypto/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Global bank Standard Chartered has beefed up its banking support to the cryptocurrency industry by inking a new partnership with the crypto prime broker FalconX.Standard Chartered will provide a comprehensive suite of banking services to FalconX’s global institutional clients following a strategic partnership, the companies announced on May 14.As part of the collaboration, FalconX will initially integrate Standard Chartered’s banking infrastructure and access to a range of diverse currency pairs for its institutional clients.The partnership ultimately aims to include a broader range of offerings and mutual opportunities, the announcement noted.Crypto support beyond bankingThe partnership is expected to “expand beyond banking” into additional products and services designed to meet the evolving crypto demand from both FalconX and Standard Chartered’s institutional clients.The joint services will target a broad range of clients, including asset managers, hedge funds, token issuers and payment platforms, the companies said.Matt Long, FalconX’s general manager of APAC and Middle East, referred to Standard Chartered as “one of the most forward-thinking global banks in digital asset adoption.”“At FalconX, we support trading and financing for some of the world’s largest institutions in digital asset markets, and this relationship strengthens our ability to deliver robust banking and FX solutions to clients who rely on us to operate in crypto markets,” he stated.SC is proud to provide banking services to crypto firmsStandard Chartered’s collaboration with FalconX underscores the bank’s dedication to improving the digital asset ecosystem, Luke Boland, the bank’s South Asia head of fintech, said.“As institutional demand for digital assets continues to grow, we’re proud to provide the banking infrastructure that enables firms like FalconX to deliver world-class trading and financing solutions to institutional clients,” Boland stated in the announcement.Standard Chartered’s latest crypto move comes as yet another effort by the bank to provide banking services to the crypto industry.Related: Bunq, Europe’s second-largest neobank, expands into cryptoIn April, Standard Chartered partnered with major crypto exchange OKX to pilot cryptocurrency and tokenized fund collaterals to institutional investors.The bank’s involvement in the cryptocurrency industry dates back to 2016, when Standard Chartered made a strategic investment in Ripple, a company behind the XRP (XRP) cryptocurrency.The growing banking commitment to crypto comes in line with expectations by executives of major industry firms, including Messari and Sygnum Bank, who forecasted a global banking push into Bitcoin (BTC) in the second half of 2025 amid favorable regulatory developments.Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
Former US Securities and Exchange Commission (SEC) Chair Gary Gensler may not have been as hostile to crypto behind closed doors as he appeared to be in public, according to former US Representative Patrick McHenry.In a May 13 appearance on the Crypto in America podcast, McHenry revealed that during private meetings with Gensler, the former regulator expressed a far more nuanced view of digital assets.“Did he come across, or was he as anti-crypto in private as he did in public?” McHenry was asked. His response: “No… Nope.”McHenry noted that Gensler “saw the value of digital assets” and acknowledged the potential of blockchain technology during his time at the Massachusetts Institute of Technology.Gerald Gallagher, general counsel at Sei Labs, also noted that Gensler played a role in developing the concept of the airdrop during his academic work, calling it a largely forgotten chapter in his background.However, once Gensler became SEC chair, McHenry said, his stance shifted dramatically. “I had this weird, mistaken, stupid belief that he wouldn’t be that bad as SEC chair,” McHenry admitted. “And I mean, just the level of dismay.”Source: Crypto in AmericaRelated: SEC chair suggests ‘huge benefits’ in agency’s third crypto roundtableGensler’s crypto stance was “confusing”McHenry said discussions with Gensler on crypto regulation were often confusing.McHenry said conversations with Gensler about legal frameworks and content structures often started off as reasonable, but quickly became contradictory. He described how Gensler would initially agree with certain points, only to later reject the same facts he had acknowledged moments earlier.According to McHenry, Gensler’s public opposition may have been shaped more by “Senate politics and confirmation politics than anything else.”After departing the SEC on Jan. 20, Gensler returned to the Massachusetts Institute of Technology to teach fintech and AI.Under Gensler’s tenure, which started in 2021, the SEC took an aggressive regulatory stance toward crypto, bringing upward of 100 regulatory actions against industry companies.The regulatory hostility caused Gensler and his team much scrutiny and backlash from industry leaders.In December 2024, Coinbase CEO Brian Armstrong announced that the crypto exchange would sever ties with law firms employing former SEC officials involved in what he said was an effort to “unlawfully kill” the crypto industry.Source: Brian ArmstrongIn January 2025, Gemini said it wouldn’t hire any MIT graduates unless the university dropped Gensler from his teaching role.Magazine: Metric signals $250K Bitcoin is ‘best case,’ SOL, HYPE tipped for gains: Trade Secrets
This content is provided by a sponsor. PRESS RELEASE. May 13, 2025 – Freedom Dollar, a decentralized, algorithmic stablecoin built for privacy and borderless transactions, proudly announces the successful launch of its token, fUSD, on the Zano blockchain. As a confidential asset on Zano, fUSD inherits the blockchain’s native privacy features, offering a stable, fungible, […]
The ethpandaops RPC was the only (publicly) available one at launch and many users are stuck with it, whilst new users are still being actively guided to use it. The RPC is incredibly throttled and mostly unusable. The best alternative appears to be public node. submitted by /u/mescal_ [link] [comments]
