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Crypto founders headed to Washington, DC, to meet with lawmakers ahead of another expected vote on a stablecoin bill that initially failed in the Senate, according to Coinbase CEO Brian Armstrong. In a May 14 X post from the US Capitol rotunda, Armstrong said as many as “60 [crypto] founders” had gathered in DC to support the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, being considered in the Senate and a draft of the market structure bill moving through the House of Representatives. The Coinbase CEO said the Senate could consider another vote on the GENIUS Act “hopefully tomorrow” after it failed to get enough support from Democrats on May 8.“Like any good negotiation, there’s a lot of details to work out at the last minute, but we’ve been stressing the urgency of this,” said Armstrong.Coinbase CEO in Washington, DC on May 14. Source: Brian ArmstrongMany Democratic lawmakers have said they will not support any crypto-related legislation without a specific carve-out for US President Donald Trump profiting from his digital asset ventures, such as his TRUMP memecoin and his family-backed company World Liberty Financial. A Democratic staffer told Cointelegraph that there had been no indication that Republicans intended to address these concerns, while a person familiar with the matter said doing so would be unconstitutional.The Senate resumed consideration of the motion to proceed to consideration of the GENIUS Act on May 12, suggesting another vote in a matter of days. Cointelegraph reached out to Coinbase for comment but had not received a response at the time of publication.Related: What are the next steps for the US stablecoin bill?Is bipartisan support for crypto possible under a Trump presidency?Republicans currently hold a slim majority in the Senate and House and will likely require Democratic support for the stablecoin and market structure bills to pass. Before the 2024 election, some Democrats voted with Republicans for crypto legislation offering clarity on regulations.Should the GENIUS bill’s sponsor and co-sponsors try to move forward with a vote without any changes, it’s unclear whether they would have enough support to clear a 60-vote majority and avoid a filibuster, which could delay or block the bill.“Despite the politics around the TRUMP memecoin and crypto investments — that has definitely made our work more complicated — I still argue that behind the scenes, you’ve got constructive members in both sides of the Capitol and in both political parties working to find consensus,” said Representative French Hill at the Consensus conference in Toronto on May 14.Magazine: Unstablecoins: Depegging, bank runs and other risks loom

Cryptocurrencies, precious metals, and equities all slipped today after an energetic rally that carried markets higher over the past week and a half. Signs of fatigue are emerging, with momentum stalling across several asset classes. Meanwhile, bitcoin dropped to a mid-day low of $102,622. Markets Begin to Lose Steam BTC touched $102,622 during Wednesday’s mid-day […]

Solana (SOL) has officially broken above the Ichimoku Cloud on the daily chart, a key technical signal that often marks the beginning of a bullish trend reversal. After weeks of sideways movement and uncertainty, this decisive breakout suggests that momentum is finally shifting in favor of the bulls. While confirmation from volume and follow-through price action is still needed, the technical outlook is becoming increasingly optimistic. Solana Ichimoku Breakout And Momentum Check Solana’s breakout above the Ichimoku Cloud is more than just a technical checkpoint; it marks a critical shift in its market structure and trader sentiment. This breakout represents a move from uncertainty to confidence, as buyers begin to gain the upper hand after a period of consolidation and hesitation. Related Reading: Solana At A Crossroads: Consolidation Before The Next Major Surge? So far, momentum indicators are leaning bullish, providing early signs that Solana may be entering a new upward phase. One of the most notable signals comes from the Moving Average Convergence Divergence (MACD), which has recently made a positive crossover. Not only has the MACD line crossed above the signal line, but the two lines have now moved above the zero line. This double confirmation strengthens the signal significantly. When the MACD and signal lines rise above zero, it typically marks the transition from bearish to bullish territory, indicating that momentum is not just shifting but accelerating in favor of the bulls. However, a clear uptick in volume is essential for SOL to sustain and build on this breakout. Volume is what turns a breakout into a trend, and without it, upward momentum can quickly stall. If volume starts to pick up alongside continued price strength, it could ignite the next leg up, potentially pushing Solana toward key resistance levels. Key Levels To Watch Now As Solana begins to show signs of a bullish reversal, identifying and monitoring key price levels becomes essential for both short-term and long-term investors. These levels act as decision points where price action is likely to react, facing resistance or finding support. Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst On the upside, it can be observed that the immediate resistance of $164 has been cleared, with SOL now attempting a move toward the $211 resistance level. A clean breakout above this area, especially backed by strong volume, would open the door for a rally toward the $240 mark. Beyond that, $260 remains a major resistance to watch, marking a key round number and prior rejection area. On the downside, $164 now serves as the nearest support following the recent breakout above the Ichimoku Cloud. Holding above this level is crucial to maintain the current bullish structure. A breakdown below it could drag Solana back to the $148–$118 support range, where buyers previously stepped in. Featured image from Adobe Stock, chart from Tradingview.com

The Ethereum Foundation has announced the **Trillion Dollar Security Initiative**, aiming to enhance Ethereum's security to support a world where trillions of dollars are safely stored on the platform. The initiative includes three main components: mapping security strengths and attack vectors across Ethereum’s technology stack executing improvements in key areas improving communication about Ethereum’s security.…
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This content is provided by a sponsor. As 2025 persists, blockchain advancements remain resilient disruptors within the financial industry. With the sector’s digital district maturing, several cryptocurrency innovators are worthy of recognition for developing these dynamic platforms and protocols. Whether they’ve trailblazed decentralized finance (DeFi) ecosystems or launched international multimedia conglomerates, the most prestigious crypto […]

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 the blockchain ecosystem, including crypto miners, exchanges, infrastructure providers, and crypto-oriented financial technology platforms, VanEck said in a press release. The NODE ETF will also “consider any company that has clearly communicated plans to engage in this space, as evidenced through public filings, earnings calls or investor materials,” VanEck said.Additionally, the fund, which will be actively managed, may also invest in crypto-related financial instruments but will not hold any cryptocurrencies directly, according to the press release. “As new companies enter the universe through IPOs, spinouts or strategy shifts, we will continuously update our investable universe,” Matthew Sigel, VanEck’s head of digital asset research and the NODE ETF’s portfolio manager, said in a statement. “We will also adjust beta and volatility to maintain responsible exposure to bitcoin and to businesses driving the growth of the onchain economy, avoiding over-allocation to high-beta names during frothy markets and preserving buying power for future opportunities,” he said. Beta refers to a financial asset’s exposure to market volatility.Top holdings of VanEck’s NODE ETF. Source: VanEckRelated: Strategy will beat all public equities with Bitcoin, analyst saysOther ETF filingsIn April, VanEck launched another ETF tracking crypto companies. The VanEck Digital Transformation ETF (DAPP) invests in a passive index of companies operating in the digital asset space. The DAPP ETF has $185 million in net assets as of May 14, according to its website. Asset managers such as VanEck are requesting the US Securities and Exchange Commission’s (SEC) permission to list upward of 70 crypto ETFs. The flurry of ETF filings is in response to US President Donald Trump softening the SEC’s regulatory posture toward crypto after taking office in January.On May 5, VanEck asked the SEC for a green light to list an ETF holding the BNB Chain’s native token.Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3

Ethereum is gaining momentum again after tagging the $2,739 level and setting a new local high, reaching prices not seen since late February. The rally marks a strong comeback for ETH, which has been under significant pressure earlier this year. Now, bulls appear firmly in control as the broader crypto market wakes up and capital flows return to altcoins. Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst Analysts are calling for a potential altseason, fueled by Ethereum’s relative strength against Bitcoin and growing investor confidence. As Bitcoin consolidates near all-time highs, Ethereum has taken the opportunity to outperform, pushing up through key resistance levels with conviction. Supporting this narrative, data from Sentora (formerly IntoTheBlock) reveals that $1.2 billion worth of ETH has been withdrawn from centralized exchanges over the past seven days. This sustained trend of net outflows suggests continued accumulation and reduced sell-side pressure, both strong signals for long-term bullish momentum. With price action heating up and investor sentiment shifting, Ethereum could be preparing for a major breakout. If bulls maintain control, the $3,000–$3,100 region may be tested in the coming days as the next major resistance zone. All eyes are now on ETH as the altcoin market shows signs of life. Ethereum Builds Momentum As Exchange Outflows Signal Accumulation Ethereum is trading above critical levels as speculation of a sustained rally continues to grow. After weeks of sluggish movement, ETH has roared back to life, gaining over 50% in value since last week. This sharp move to the upside has reignited hopes for an altseason, with many analysts viewing Ethereum’s breakout as the potential trigger for broader altcoin market strength. Ethereum is now holding firmly above the $2,600 mark, a level that had acted as strong resistance for months. This breakout, coupled with increasing momentum against Bitcoin, suggests bulls are regaining control. Traders are closely watching the next major resistance zone between $2,900 and $3,100, which could serve as a key test for Ethereum’s uptrend. Adding to the bullish case, data from Sentora reveals that $1.2 billion worth of ETH has been withdrawn from centralized exchanges over the past 7 days. This trend has intensified since early May, pointing to increased investor accumulation and reduced sell-side pressure. Large exchange outflows are often seen as a sign that holders intend to store ETH off-exchange, decreasing immediate supply and supporting upward price movement. With market sentiment turning bullish and Ethereum leading the charge, all eyes are now on whether ETH can maintain its momentum and drive the altcoin market into a new growth phase. If accumulation trends persist and bulls hold key levels, Ethereum’s path toward $3,100 could open the door to a broader market rally. Related Reading: XRP Open Interest Surges 41% As Speculation Grows – Over $1B Added In Just One Week Price Action Details: ETH Testing Key Levels Ethereum’s weekly chart shows a powerful breakout after weeks of bearish pressure, with ETH now trading around $2,599.14. The recent surge pushed the price above both the 200-week EMA ($2,259.65) and the 200-week SMA ($2,451.55), two critical long-term trend indicators. Reclaiming these levels signals renewed bullish momentum and a strong shift in sentiment. The breakout candle itself is one of the largest weekly green candles in over a year, reflecting a sharp influx of buyer interest and potentially marking a key reversal point after months of downside. Notably, this move brings ETH to levels not seen since February, with the local high for the week reaching $2,739.05. Volume has increased significantly during this move, confirming the strength behind the rally. However, Ethereum now faces overhead resistance near $2,800–$2,900, a zone that previously acted as support during early 2024 before the breakdown. If bulls maintain momentum and close this week above $2,600, it could open the door for a test of the $3,100 resistance zone. Related Reading: Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes Next? On the downside, the key support to watch is around $2,450, aligned with the 200-week SMA. A failure to hold that level could invite a retest of $2,250. For now, the trend is bullish, but follow-through next week will be crucial. Featured image from Dall-E, chart from TradingView

Key points:Bitcoin remains above $100,000, but buyers are struggling to sustain prices above $105,000.Strong altcoin performances suggest an altseason has started.Bitcoin (BTC) is trading above $103,000, with buyers attempting to drive the price to the all-time high of $109,588. Research firm Santiment said in a post on X that Bitcoin whales and sharks, holding 10 to 10,000 Bitcoin, accumulated 83,105 Bitcoin in the past 30 days, suggesting that “it may be a matter of time” before Bitcoin’s all-time high is taken out.Along with Bitcoin, analysts are also gradually turning positive on altcoins. A host of factors, such as falling Bitcoin and USDT dominance and a rally in select altcoins, suggest that an altcoin season may be around the corner.Crypto market data daily view. Source: Coin360However, not everyone is bullish in the short term. Alphractal CEO Joao Wedson said in a post on X that Bitcoin is at the “Alpha Price” zone, which could attract profit booking by long-term holders or whales.  Could Bitcoin challenge the all-time high? Will altcoins continue their rally even if Bitcoin consolidates? Let’s analyze the charts of the top 10 cryptocurrencies to find out.Bitcoin price predictionBitcoin rebounded off $100,718 on May 12, indicating that the bulls are trying to flip the psychologically important $100,000 level into support.BTC/USDT daily chart. Source: Cointelegraph/TradingViewIf the price maintains above $100,000, the possibility of a retest of the all-time high increases. There is stiff resistance in the $107,000 to $109,588 zone, but if it is crossed, the BTC/USDT pair could skyrocket to $130,000.The risk to the upside is a sharp pullback below the 20-day exponential moving average ($98,407), which could tempt several short-term buyers to book profits. That could sink the pair to the 50-day simple moving average ($89,952). Ether price predictionEther (ETH) skyrocketed above the $2,550 resistance on May 13, but the higher levels are attracting sellers.ETH/USDT daily chart. Source: Cointelegraph/TradingViewThe overbought level on the RSI signals a possible correction or consolidation in the near term. If the price slips below $2,550, the bears will try to strengthen their position by pulling the ETH/USDT pair below $2,400. If they can pull it off, the pair could extend the pullback to the 20-day EMA ($2,147).Contrarily, a bounce off $2,550 indicates that the bulls are buying on every minor dip. That enhances the likelihood of a rally to $3,000.XRP price predictionXRP’s (XRP) rally is facing resistance at $2.65, but a positive sign is that the bulls have not ceded ground to the bears.XRP/USDT daily chart. Source: Cointelegraph/TradingViewThat improves the prospects of a rally above $2.65. Once the resistance is scaled, the XRP/USDT pair could ascend to $3. Buyers are expected to face significant resistance from the bears in the $3 to $3.40 zone.The 20-day EMA ($2.32) is the vital support to watch out for on the downside. If the price turns down sharply from $2.65 and breaks below the 20-day EMA, it suggests that bears remain sellers on rallies. That could result in a range formation between $2.65 and $2.BNB price predictionBuyers have kept BNB (BNB) above the breakout level of $644 but are struggling to push the price above the $675 level.BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe rising 20-day EMA ($627) and the RSI in the positive territory indicate that buyers have an edge. A break and close above $675 opens the doors for a possible rally to the overhead resistance of $745.This positive view will be invalidated in the near term if the price turns down and breaks below the 20-day EMA. If that happens, the BNB/USDT pair could descend to the 50-day SMA ($603).Solana price predictionSolana (SOL) resumed its up move after breaking above the $180 resistance on May 13, but the bulls are struggling to hold on to the higher levels.SOL/USDT daily chart. Source: Cointelegraph/TradingViewThe bears have pulled the price back below $180 on May 14. If they sustain the lower levels, the SOL/USDT pair could skid to the 20-day EMA ($159). A solid bounce off the 20-day EMA suggests the bullish momentum remains intact. The bulls will then try to catapult the pair to $210.Contrarily, a break and close below the 20-day EMA signals that the breakout above $180 may have been a bull trap. The pair may then tumble to $153.Dogecoin price predictionDogecoin (DOGE) bounced off the breakout level of $0.21 on May 13, signaling that the bulls are trying to flip the level into support.DOGE/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA ($0.20) has started to turn up, and the RSI is near the overbought territory, indicating advantage to buyers. A break and close above $0.26 signals the resumption of the rally. That opens the doors for a rally to $0.28 and thereafter to $0.31.Instead, if the price turns down and breaks below $0.21, it suggests a lack of demand at higher levels. The DOGE/USDT pair may then slump to the 50-day SMA ($0.17), which is likely to act as strong support.Cardano price predictionBuyers have successfully held the retest of the neckline in Cardano (ADA), indicating buying on dips.ADA/USDT daily chart. Source: Cointelegraph/TradingViewThe bulls will try to resume the up move by pushing the price above $0.86. If they manage to do that, the ADA/USDT pair could pick up momentum and rally toward the pattern target of $1.01.This optimistic view will be negated in the near term if the price turns down and breaks below the neckline. That suggests the bears have overpowered the bulls. That could sink the pair to the 50-day SMA ($0.68).Related: Ethereum retakes 10% market share, but ETH bulls shouldn’t celebrate yetSui price predictionSui (SUI) has been sandwiched between $4.25 and $3.90 for the past few days, indicating that the bulls are holding on to their positions as they anticipate another leg higher.SUI/USDT daily chart. Source: Cointelegraph/TradingViewIf buyers propel the price above $4.25, the SUI/USDT pair could pick up momentum and surge to $5. Buyers may find it difficult to clear the overhead zone between $5 and the all-time high of $5.37.Alternatively, if the price turns down and closes below $3.90, it suggests that the bulls are booking profits. The pair may descend to the 20-day EMA ($3.57), which is likely to attract buyers. If the price rebounds off the 20-day EMA, the bulls will make another attempt to overcome the barrier at $4.25.Chainlink price predictionChainlink’s (LINK) up move is facing selling at the resistance line, but a minor positive is that the bulls have not ceded much ground to the bears.LINK/USDT daily chart. Source: Cointelegraph/TradingViewThe upsloping 20-day EMA ($15.43) and the RSI near the overbought zone indicate the path of least resistance is to the upside. A short-term trend change will be signaled if buyers pierce the resistance line. The LINK/USDT pair could then rally toward the target objective of $21.30.Sellers will have to tug the price below the neckline to gain strength. That could pull the pair to the 50-day SMA ($13.96). A break and close below the 50-day SMA suggest the pair may remain inside the descending channel pattern for some more time.Avalanche price predictionAvalanche (AVAX) bounced off the breakout level of $23.50, indicating that the bulls have flipped the level into support.AVAX/USDT daily chart. Source: Cointelegraph/TradingViewThere is minor resistance at $28.78, but it is likely to be crossed. If that happens, the AVAX/USDT pair could rally to $31.73 and subsequently to $36.The 20-day EMA ($22.63) is the critical support to watch out for on the downside. If bears want to make a comeback, they will have to quickly pull the price below the 20-day EMA. The pair may then slide to $19, which is likely to attract buyers.This 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.