The Crypto Basic

#VET price reclaims $0.030 and signals a potential breakout rally to the $0.060 level. Derivatives data shows a bullish bias, with a 5.75% rise in open interest.
As top coins rally, boosting the total crypto market capitalization to $3.44 trillion, VeChain records a massive surge of 8.58%, surpassing the 200-day EMA. With this bullish comeback, VeChain hints at a potential inverted head-and-shoulders pattern, targeting a surge above $0.060.
VeChain Price Analysis
On the daily chart, VeChain’s price action showcases a bullish inverted head-and-shoulders pattern, with the neckline near $0.0327. This key resistance level coincides with the 23.60% Fibonacci level.
VeChain forms its third consecutive bullish candle following the 200-day EMA breakout. Currently, the VET token trades at $0.030, reclaiming this psychological level.
As the uptrend gains momentum, the daily RSI line bounces off the halfway mark and surpasses the 14-day SMA.
With the RSI line pointing higher, the distance from the overbought zone indicates significant room for growth in VeChain. Additionally, the 200-day EMA breakout increases the likelihood of an uptrend in the 50- and 100-day EMA lines, potentially leading to a positive crossover.
According to Fibonacci levels, a potential pattern breakout will likely surpass the 61.80% Fibonacci level at $0.055. This estimate is derived by adding the pattern’s depth to the breakout point, suggesting an 88% rally to $0.061.
On the flip side, if the altcoin fails to break above the 23.60% Fibonacci level, a potential retest of the 50-day EMA at $0.027 could occur.
VET Derivatives Supports Bullish Bias
Amid the sudden surge in bullish pressure, VeChain derivatives market witnesses a significant boost. Open interest has surged by 5.75%, reaching $86.47 million. Notably, the funding rate remains steady at around 0.010%, signaling consistent bullish intent...
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David Sacks, the White House crypto and AI czar, has expressed confidence that the GENIUS stablecoin bill will pass with bipartisan support.
Speaking in an interview at CNBC’s Closing Bell yesterday, Sacks emphasized that the stablecoin legislation, currently under deliberation in the Senate, will soon become a law. He noted that the significant bipartisan support for the bill has fueled the expectation that it will pass.
GENIUS Act Approval Almost Certain: Crypto Czar
The Guiding and Establishing National Innovation for US Stablecoin (GENIUS) bill recently advanced in the US Senate after an initial scare. On Monday, 16 Democrats voted in support of the bill, pushing it past the 60-vote threshold required to move the legislation for final passage.
The positive development followed a bipartisan effort, led by Senator Cynthia Lummis and Bill Hagerty, to avoid a repetition of the May 8 pushback. With the bill failing to advance at the first trial amid Democrats’ rebellion, these senators spearheaded the legislation amendment to address some of the concerns raised.
Meanwhile, Monday’s voting outcome has fueled Sacks’ expectations that the stablecoin legal framework legislation will receive bipartisan senatorial approval. He told CNBC that the 66-32 polling results averted a possible filibuster and demonstrated an agreement by both Democrats and Republicans on the passing of the GENIUS Act.
Stablecoins to Boost US Treasury Demand 
Furthermore, Sacks stated that another reason behind his confidence that the bill will pass is the possible impact of stablecoin adoption on the US economy. The crypto czar stressed that the real-world asset-pegged cryptocurrency offers America a modern, faster, and cost-effective payment rail.
Moreover, the stablecoin legislation would also extend the US dollar’s dominance globally. Earlier descriptions from Sacks suggest that the dominance of dollar-pegged stablecoins would fuel the demand and utility of the leading fiat currency, extending dependence on the US dollar online...
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Strategy executive chairman Michael Saylor said long-term Bitcoin holders haven’t lost money, as BTC hits a new all-time high.
Bitcoin surged past $111,800 on Thursday, marking a new record as Treasury yields rose following a weak 20-year U.S. bond auction. The price of the leading digital asset rebounded sharply from a brief dip to $106,000 earlier in the week.
It reclaimed its previous peak of $109,200 on Wednesday before setting a new record near $112,000. The broader market responded positively, with crypto sentiment buoyed by the strong price action.
No One Lost Money Buying Bitcoin
This price action notably prompted commentary from Michael Saylor, chairman of Strategy (formerly MicroStrategy). In an X post, he reiterated the view that “no one has ever lost money buying Bitcoin.” 
This sentiment was echoed by popular crypto influencer Altcoin Daily, which noted that, in Bitcoin’s 16-year history, 100% of holders are currently in profit.
All Bitcoin Wallets in Profit
Indeed, on-chain data from IntoTheBlock confirmed that the entire tracked Bitcoin supply is currently held at a profit. Specifically, the “In The Money” wallets, those holding BTC purchased below the current market price, now account for 100% of all holdings, totaling 19.89 million BTC. The value of these profitable holdings is estimated at approximately $2.21 trillion.
At the same time, no wallets are classified as “Out Of The Money,” meaning there are currently zero tracked BTC holdings at a loss. This reflects that Bitcoin’s market price now exceeds all historical purchase prices among wallets included in the dataset. 
However, it’s important to note that this data reflects only unrealized gains and does not account for any realized losses from those who sold at a dip..
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The U.S. SEC has delayed its decision on three spot-based ETF applications seeking to track XRP and Dogecoin. 
The proposed funds affected include the filings of Grayscale, 21Shares, and the Grayscale Dogecoin Trust. According to recent filings on its website, the SEC has initiated proceedings on these ETFs and has requested public comments from interested parties.
Similarly, the SEC has postponed its decision on an amendment that would allow the Bitwise Ethereum ETF to permit staking. This amendment aims to broaden investors’ exposure to the Bitwise Ethereum ETF by incorporating staking yields.
SEC Calls for Public Comments 
This request aims to help the securities regulator gather public input on the policy and legal concerns related to ETF filings. 
In the meantime, the commission clarified that it has not reached any conclusions regarding the legal and policy concerns. However, it signaled that the proposals only raised substantive questions that deserve broader input from the public. 
Notably, the comment period will run for 21 days from the publication of the recent filings in the Federal Register. The period for rebuttal comments is expected to linger for 35 days after publication in the Federal Register.  
Not New 
It is worth noting that the SEC’s latest action does not come as a surprise to crypto enthusiasts. Over the past few months, the securities regulator has postponed its decision on multiple crypto ETF proposals, including those seeking to track XRP and Dogecoin performance. 
In March, the SEC extended the review period for various crypto ETF applications from Grayscale, 21Shares, VanEck, and Canary. At the time, the SEC extended the decision deadline for Grayscale’s XRP Trust ETF application to May 21. 
It has now extended the review period once again to determine whether the proposed products have the necessary safeguards to prevent fraud and market manipulation, as mandated by Section 6(b)(5) of the Securities Exchange Act...
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#Solana recovered 2.13% to trade at $170 after a recent pullback. With a falling wedge breakout and 11.16 million wallets holding 0.1 SOL or more, the altcoin is targeting $215.
After pulling back from $185 to $165, Solana shows signs of a potential bullish comeback. It trades at $170, posting an intraday recovery of 2.13%. Could this rebound in SOL spark a breakout rally toward $215?
Solana Price Analysis
On the daily chart, Solana displays a breakout from a falling wedge pattern and is gradually gaining momentum. The breakout rally pushed the price up nearly 50% in just over a month, reaching the 61.80% Fibonacci level at $184.52.
However, a strong supply zone overlapping with this critical Fibonacci resistance triggered a pullback, resulting in a retest of the 50% Fibonacci level at $165.71.
As Solana holds above this crucial support level, Monday’s intraday recovery, combined with a lower price rejection, suggests a bullish resurgence. That said, momentum indicators show slight weakness in trend strength. The MACD and signal lines have formed a bearish crossover, while the daily RSI has dropped from the overbought zone to around the midpoint.
If the broader market recovery continues, a potential breakout could challenge the 78.60% Fibonacci level at $215. In an optimistic scenario, an extended bull run might even revisit the $261 peak reached in late January.
Conversely, a daily close below $165 would invalidate the bullish outlook and likely lead to a test of the 38.20% Fibonacci level at $148.
Solana Holder Count Hits New All-Time High
Supporting the bullish case, crypto analyst Ali Martinez recently highlighted a sharp increase in Solana wallet holders. In his latest tweet, he noted that the number of wallets holding at least 0.1 SOL has reached a new all-time high of 11.16 million.
With a growing base of investors, Solana’s upward trend appears poised to gain further momentum, raising the likelihood of a breakout rally toward the $215 mark.
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#Pepe forms a bullish flag after a 100% rally in early May. With $527 million in open interest and a spike in funding rates, the meme coin targets resistance at $0.000020.
As the crypto market experiences a bullish turnaround, meme coins are regaining momentum. Over the past 24 hours, top meme coins like Dogecoin, Shiba Inu, and Pepe have surged by nearly 5%. Could Pepe’s bullish comeback result in a flag pattern breakout toward the $0.000020 mark?
PEPE Price Analysis
In the 4-hour price chart, Pepe maintained a sideways trajectory between $0.000015 and the upper psychological barrier at $0.00001196. This consolidation phase lasted 11 days and compressed trend momentum.
The sideways movement followed a near 100% rally in early May, where PEPE surged from $0.00000761 to $0.000015. This price action completes a classic bull flag formation, with the rally serving as the flagpole and the consolidation phase forming the flag.
Supporting the case for an upside breakout, Pepe’s current recovery is pushing toward the upper boundary. Momentum indicators further reinforce the bullish outlook. The MACD and signal lines remain in positive alignment, while the RSI is trending upward after crossing the midline.
With growing bullish sentiment, technical indicators continue to support an optimistic view for Pepe. According to trend-based Fibonacci levels, a successful flag breakout could target the 78.60% retracement level near $0.000020, with an intermediate resistance around the 50% level at $0.00001657.
On the downside, key support remains at $0.00001196, followed by the psychological level at $0.000010.
Pepe Funding Rate Spike Signals Bullish Sentiment in the Futures Market
Bullish expectations of a breakout rally are also rising in PEPE derivatives market. Open interest has increased by 3%, reaching $527 million, close to its all-time high. Short liquidations over the past 24 hours have exceeded $1 million. As of latest data, the funding rate for PEPE has spiked to 0.0145% following a period of consolidation, reflecting a sharp rise in bullish sentiment..

As market interest in XRP surges, the #Ripple team has renewed its warnings over a growing wave of crypto-related scams. 
The company issued an alert on X, pointing to an increase in fraudulent schemes targeting XRP holders, especially those tied to fake airdrops and impersonation tactics. According to Ripple, these scams have persisted and are now adapting quickly, using sophisticated tactics to exploit unsuspecting users during market highs.
Rise in Fake Giveaways and Executive Impersonation
One of the most common scams flagged involves fake giveaways. These posts typically promise users double returns if they send a specific amount of XRP. The messaging often mimics Ripple’s CEO, Brad Garlinghouse, and other executives, employing deepfake technology to create convincing yet entirely fabricated promotional content.
In parallel, scammers are cloning profiles of Ripple executives using verified X accounts and accurate logos. These impersonators often send direct messages or tag users in posts claiming urgent XRP developments or exclusive airdrops.
Ripple has advised users to always verify account authenticity through official channels rather than relying on post interactions or direct messages. The firm stated that these scams have become more dangerous due to their increasing use of AI-generated content, such as deepfake videos and manipulated interviews involving Ripple executives.
Malicious Wallets, Phishing Traps, and the Treasury Hoax
Beyond fake giveaways and impersonations, scammers have created malicious wallets and exchanges designed to steal funds. These platforms often masquerade as legitimate XRP wallets but serve as drainers. Ripple recommended that users stick to recognized wallet providers such as Ledger, Trust Wallet, Xaman, Atomic, and GateHub. 
Phishing scams remain a prevalent threat. Fraudsters send emails or direct messages that appear to be from Ripple support, using clean branding and accurate language. These messages typically include links asking users to verify their wallets or claim bonuses...
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The U.S. Senate has voted to advance the stablecoin-regulating GENIUS Act, with 16 Democratic Senators changing their votes to support the bill. 
In an interesting development, the U.S. Senate advanced the GENIUS Act in a key procedural vote, passing it by a margin of 66-32. 
16 Democratic Senators Change Initial Vote to Yes 
The development comes over a week after several Democratic Senators blocked an initial attempt to advance the stablecoin regulation. At the time, these senators expressed concerns over Donald Trump’s potential conflict of interest and anti-money laundering provisions related to the bill. 
However, the Senate succeeded in passing the motion to invoke cloture on the GENIUS Act in a 66-32 vote. It bears mentioning that this would not have been possible without 16 Democratic Senators changing their votes to ‘Yes’. 
They include Senators Kirsten Gillibrand, Adam Schiff, Ben Ray Luján, Angela Alsobrooks, Mark Warner, Jon Ossoff, Catherine Cortez Masto, John Fetterman, and Alex Padilla. 
Others are Senators Elissa Slotkin, Ruben Gallego, Martin Heinrich, Jacky Rosen, Maggie Hassan, Lisa Blunt Rochester, and Cory Booker. 
Three of these senators–Schiff, Slotkin, and Gallego–were initially supported by Fairshake PAC during the 2024 election. For context, Fairshake is a political action committee funded by crypto entities like Ripple and Coinbase to advocate for pro-crypto legislation. 
Next Steps
Based on the latest development, the GENIUS Act will now proceed to the Senate floor for debate and potential amendments. Afterward, a full vote will be held to determine the bill’s final passage. 
Eleanor Terrett, the host of the Crypto in America show, disclosed that this process will commence tomorrow, May 21. Republican Senators, including Cynthia Lummis, hope to pass the GENIUS Act before the U.S. Memorial Day, slated for May 26. However, it is uncertain whether the GENIUS Act will pass by then. 
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As #Ethereum falls below $2,400 and trades under the 200-day EMA, technical analysis warns of a potential correction to $2,200.
With Bitcoin dropping back below the $103,000 mark, Ethereum is now trading at $2,400. As the broader market correction gains momentum, Ethereum faces the risk of a deeper decline toward the $2,200 level.
Ethereum Price Analysis
On the daily chart, Ethereum’s price action shows a bullish breakout from a falling channel pattern, completing a rounding bottom formation. The neckline of this bullish pattern aligns with the 50% Fibonacci retracement level near $2,700.
However, the failure to break above the neckline has triggered a pullback toward the 38.20% Fibonacci retracement level near $2,400. With an intraday drop of 3.74%, Ethereum is currently trading at $2,403, below the 200-day EMA.
After rebounding from a 24-hour low of $2,349, Ethereum is struggling to hold above the key Fibonacci support. The short-term pullback is also signaling a potential bearish crossover between the MACD and signal lines. If confirmed, this negative crossover could indicate a deeper correction, potentially invalidating the bullish pattern.
Meanwhile, the immediate support below the 38.20% Fibonacci level lies at the 100-day EMA, currently around $2,193, followed by the psychological support at $2,000.
On the bullish side, Ethereum could rally toward the $4,000 mark if the broader market stabilizes, based on the rounding bottom breakout pattern.
Analyst Spots Rising Whale Support for Ethereum
According to a recent tweet by crypto analyst Ted Pillows, ETH whale holdings have significantly increased over the past few weeks. Citing data from CryptoQuant, the analyst highlights that the balance held by addresses with 10,000 to 100,000 ETH has risen to 16.79 million ETH. This increase represents a $1.25 billion surge in whale holdings over the past month. This highlights growing confidence among large investors in Ethereum’s long-term potential.
Specifically, Pillows stressed that the development is a bullish signal, saying, “My bags are ready.”

Michael Saylor has suggested that #Bitcoin would have reached seven to eight figures before mainstream professional advisors start to embrace the asset.
Bitcoin’s adoption is expanding at an astronomical rate globally. The pioneering cryptocurrency has transcended its earlier status as a bubble to inclusion in reserve assets of prominent institutions and is now scaling towards national adoption.
Its price has also increased in tandem with this traction, with Bitcoin surging from its low of around $19,000 following 2022 market crash to an all-time high of $109,000. While these statistics look impressive, a recent analysis has highlighted that Bitcoin still has more ground to cover, especially among top-tier wealth managers.
Over $31T in Wealth Still Locked Away from Bitcoin
Crypto investment firm Tephra Digital shared interesting statistics on exposure to Bitcoin among top US wealth managers. The research tracked the disposition of professional financial advisors toward Bitcoin spot exchange-traded funds, which were launched over a year ago.
While the investment vehicles experienced astronomical traction in their first full year, with the BlackRock Bitcoin ETF becoming the most successful ETF launch in history, a considerable number of top-tier wealth managers still either restrict or entirely prohibit clients from buying Bitcoin. Specifically, over $31 trillion in wealth is still inaccessible to Bitcoin in the United States.
Meanwhile, the data, which Tephra drew from direct conversation with financial advisors, highlighted that inflows worth a staggering $10.32 trillion are locked away due to exposure prohibitions. Notable wealth managers in this category include Vanguard, Edward Jones, and Citibank.
The Bitcoin ETFs would have had access to nearly $21 trillion in wealth had some prominent firms not placed an embargo on exposure to product. For perspective, while financial advisors like Morgan Stanley, JP Morgan, and Goldman Sachs have allowed exposure to Bitcoin ETFs, they have restricted exposure by requiring clients to meet specific criteria.
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#Solana faces a crucial test at the $145 support level, while a bullish weekly chart fuels hopes for a breakout beyond $300.
Solana is struggling to stay above the $130 psychological level as the broader market remains quiet. Following a bullish recovery, a sudden drop in buying momentum has led to consolidation.
However, the gradual rise in bearish pressure raises concerns about a potential breakdown below the $145 level. Could this trigger a quick pullback to $137?
Solana Price Analysis
On the 4-hour chart, Solana’s recovery rally saw a bounce from the $95 low to a swing high at $157. However, the bulls’ struggle to sustain levels above the $150 psychological barrier has led to sideways movement.
Currently, SOL is fluctuating between the lower boundary at $145 and the upper resistance at $155. It trades around $148, with a minor lower wick on the latest 4-hour candle indicating some buying interest.
While this slight recovery hints at a potential bullish reversal, the 50 EMA on the 4-hour chart now serves as dynamic support. However, a recent breakdown of a local ascending trendline raises the risk of a steeper correction.
Additionally, the consolidation zone between $145 and $155 has completed a bearish head-and-shoulders pattern, with the neckline aligning with the $145 support level.
Optimistic Analyst Eyes Solana Breaking Out of a Cup and Handle Pattern
Despite short-term bearish signals, crypto analyst Ali Martinez anticipates a major recovery for Solana on the weekly chart. According to him, SOL is forming a cup-and-handle pattern.
The neckline of this formation is near the $300 level. Currently, Solana is progressing positively within the “handle” portion, approaching the overhead trendline. If a breakout occurs, Solana could see a strong bullish move, potentially reaching a new all-time high.
SOL Price Targets
Based on this analysis, as long as Solana holds above $145, bulls will likely aim for new higher highs. A breakout above $155 could set the stage for a rally toward $165 and then $180...
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#SUI rallies with a breakout above $3.50, fueled by 29% of Ethereum outflows. Could a golden cross push SUI to a new all-time high?
As the total crypto market cap, excluding Bitcoin and Ethereum, recovers to $828.61 billion with a 7% surge this month, altcoins are gaining momentum. SUI is among the top-performing assets, recording a 58% increase in April.
The SUI token has surged from an opening price of $2.26 to a current market price of $3.58. Now holding above the $3.50 resistance-turned-support level, bulls are aiming for a new all-time high.
SUI Price Analysis
On the daily chart, SUI shows a bullish reversal, marking the end of a recent pullback phase. The rally has led to a breakout from a falling wedge pattern.
The uptrend broke through both the 200-day EMA and the 23.60% trend-based Fibonacci level at $3.30. However, after clearing this key resistance, momentum has slightly weakened.
This is indicated by the formation of multiple doji candles on the daily chart. Still, with the broader bullish trend intact, the 50-day and 200-day EMAs are on track to form a golden cross—a historically bullish signal.
Additionally, the daily RSI remains in overbought territory, reflecting strong upward momentum.
SUI Receiving Ethereum Outflows
Beyond price action, the SUI network itself is experiencing increased traction. According to a recent tweet by Torero Romero, data from Wormhole Scan shows a notable transition of Ethereum funds to the SUI network.
Over the past 365 days, 29% of Ethereum outflows via the Wormhole Bridge have been directed to SUI. This growing adoption positions the SUI network as an emerging Ethereum alternative, potentially driving even greater demand for the token in the coming months.
SUI Price Targets
Based on current price action and network momentum, the SUI uptrend is likely to continue. According to trend-based Fibonacci levels, the rally could target the 61.80% level, near $8, signaling a potential new all-time high.
On the downside, critical support lies below $3.30, with the 200-day EMA at $2.79 as the next key level.
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