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Solana ( $SOL ) price saw a slight uptick as the cryptocurrency market looked to hold onto recent gains, with the altcoin consolidating within a key range. #Crypto #Solana #market #CoinectraX
The price of Solana rose more than 3% in the 24-hours, up from a 6% dump the previous day. Latest gains during early trading during the U.S. session on May 20, 2025, come as Solana-focused research and development firm Anza unveiled a major consensus protocol change.
While SOL signalled the potential for a bearish flip when price broke below the $170 level, buyers have held above $165.
The broader picture is that the altcoin‘s price remains within the $160-$180 range, which previously held as bulls recovered to rally to highs near $260. Meanwhile, total value locked in protocols on Solana has increased from lows of $7 billion in April to above $10 billion.
The price of Solana rose more than 3% in the 24-hours, up from a 6% dump the previous day. Latest gains during early trading during the U.S. session on May 20, 2025, come as Solana-focused research and development firm Anza unveiled a major consensus protocol change.
While SOL signalled the potential for a bearish flip when price broke below the $170 level, buyers have held above $165.
The broader picture is that the altcoin‘s price remains within the $160-$180 range, which previously held as bulls recovered to rally to highs near $260. Meanwhile, total value locked in protocols on Solana has increased from lows of $7 billion in April to above $10 billion.
XRP price has slowly formed a bullish pattern, pointing to an eventual rebound as whales buy and negotiations with Circle continue. Ripple $XRP was trading at $2.33 on Tuesday, down 12% from its highest point this week. #Crypto #XRP #CoinectraX #Circle
BNB Chain’s upgrade brings better EVM compatibility and developer flexibility and will go live on the mainnet on March 20.
BNB Chain’s Pascal hardfork, an upgrade set to bring several enhancements to the blockchain network, will deploy on the mainnet this March. Per an announcement, this upgrade should be going live in about two weeks’ time — specifically, it’s on March 20.
Why is $BNB Chain’s Pascal hardfork important?
The mainnet activation of the latest BNB Chain upgrade follows the BNB-powered blockchain’s testnet release of the hardfork in February 2025. While the developer team initially highlighted a tentative mainnet launch date of mid-March, the team is now looking at March 20, 2025.
Pascal offers #Ethereum Virtual Machine compatibility via the improvement proposal EIP-7702, which allows externally owned accounts to execute smart contracts code. This means wallets can act as smart contracts that allow for gasless transactions, batch approvals, and swaps.
Pascal introduces EVM compatibility with the same features that Ethereum is eyeing with the Pectra upgrade. With its upgrade, #Binance blockchain network eyes improved user experience and easier web3 onboarding as decentralized applications sponsor gas fees.
Ahead of the Pascal hardfork, node operators and validators, exchanges and infrastructure providers as well as developers need to update. This is to ensure compatibility, as failing to update could see participants out of sync post-mainnet upgrade.
BNB Chain’s next steps after the Pascal update include two key milestones in network speed. These are via the Lorentz hardfork expected in April 2025 and the Maxwell hardfork earmarked for June 2025.
Lorentz targets faster blocks at 1.5 seconds, while the Maxwell upgrade would see BNB Chain’s transactions at sub-second finality with 0.75 seconds.
These are key upgrades as BNB Chain targets traction across decentralized finance and artificial intelligence. A recently unveiled AI roadmap reveals as much.
#Crypto #CoinectraX
BNB Chain’s Pascal hardfork, an upgrade set to bring several enhancements to the blockchain network, will deploy on the mainnet this March. Per an announcement, this upgrade should be going live in about two weeks’ time — specifically, it’s on March 20.
Why is $BNB Chain’s Pascal hardfork important?
The mainnet activation of the latest BNB Chain upgrade follows the BNB-powered blockchain’s testnet release of the hardfork in February 2025. While the developer team initially highlighted a tentative mainnet launch date of mid-March, the team is now looking at March 20, 2025.
Pascal offers #Ethereum Virtual Machine compatibility via the improvement proposal EIP-7702, which allows externally owned accounts to execute smart contracts code. This means wallets can act as smart contracts that allow for gasless transactions, batch approvals, and swaps.
Pascal introduces EVM compatibility with the same features that Ethereum is eyeing with the Pectra upgrade. With its upgrade, #Binance blockchain network eyes improved user experience and easier web3 onboarding as decentralized applications sponsor gas fees.
Ahead of the Pascal hardfork, node operators and validators, exchanges and infrastructure providers as well as developers need to update. This is to ensure compatibility, as failing to update could see participants out of sync post-mainnet upgrade.
BNB Chain’s next steps after the Pascal update include two key milestones in network speed. These are via the Lorentz hardfork expected in April 2025 and the Maxwell hardfork earmarked for June 2025.
Lorentz targets faster blocks at 1.5 seconds, while the Maxwell upgrade would see BNB Chain’s transactions at sub-second finality with 0.75 seconds.
These are key upgrades as BNB Chain targets traction across decentralized finance and artificial intelligence. A recently unveiled AI roadmap reveals as much.
#Crypto #CoinectraX
$ETH has fallen more than 10% as traders rumors have been circulating on the social media platform X, with many speculating that the #Ethereum Foundation could face a liquidation of up to $100 million if the price of Ethereum falls further and hits $1,100.
At press time, the Ethereum Foundation nor its co-founders have addressed these $100m liquidation rumors directly. However, the token has been on a downward trend. In the past week, ETH has gone down by nearly 10% in the past week and 28% in the past month.
According to data from coinectrax.com, ETH has fallen below the $2,000 threshold. It is currently down more than 10% and is trading hands at a price of $1,889. Yesterday on March 10, it fell even further down to as low as $1,754. The last time ETH fell below $2,000 was in late-2023. #Crypto #CoinectraX
At press time, the Ethereum Foundation nor its co-founders have addressed these $100m liquidation rumors directly. However, the token has been on a downward trend. In the past week, ETH has gone down by nearly 10% in the past week and 28% in the past month.
According to data from coinectrax.com, ETH has fallen below the $2,000 threshold. It is currently down more than 10% and is trading hands at a price of $1,889. Yesterday on March 10, it fell even further down to as low as $1,754. The last time ETH fell below $2,000 was in late-2023. #Crypto #CoinectraX
After the recent $ETH liquidation event, which caused $4 million loss to #Hyperliquid ’s Hyperliquidity Provider vault, the platform said it will increase the maximum leverage allowed for #Bitcoin and #Ethereum trading to prevent similar incidents in the future. #CoinectraX
Bitcoin $BTC surged past the $97,000 mark on Wednesday, climbing to a high of $97,546 before pulling back slightly, as traders continue to test key resistance levels. #bitcoin #CoinectraX
Binance prepares to launch trading pairs for CVC, SYN, and more on March 13
Binance is expanding its spot trading offerings with new USDC-based spot trading pairs for an array of tokens launching on March 13.
On March 12, the leading crypto exchange announced that it will provide trading support for a number of new spot trading pairs, which include CVC/USDC, EURI/USDC, SYN/USDC, USDC/RON, and VELODROME/USDC. Trading will start on March 13 at 08:00 UTC.
Aside from the other tokens, RON is the Romnian leu fiat currency that can now be traded with Circle’s USDC.
Additionally, the Binance will also enable Trading Bots services for the aforementioned trading pairs once trading support is launched. However, some users who live in certain regions may not be able to access these spot trading pairs due to local restrictions that may change overtime.
Users that live in Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories, and any non-government controlled areas of Ukraine will not be able to access the new spot trading pairs. Therefore, all users would need to undergo account verification to access the new trading pairs.
Shortly after the announcement, most of the tokens listed for spot trading pairs experienced gains. $CVC went up more than 5% after the Binance notice was published. Civic’s native token is currently trading hands at $0.095.
Meanwhile, Synapse’s token went up more than 5% to $0.183. SYN’s Binance boost helped it break through the downward trend as the token has been going down nearly 30% in the past week and declining more than 50% in the past month.
$SYN was first listed on Binance Futures in August 2024, but has yet to receive a stand-alone token listing on the exchange.
Furthermore, Velodrome Finance’s token went up by 2.2% since the Binance notice came out. In the past 24 hours, VELO has gone up by 1% to $0.048. Similar to SYN, $VELO also broke through its decline pattern. VELO has gone down by 21.2% in the past week and decreased by more than 34% in the past month.
Lastly, EURI only saw a slight rise by 0.3% to $1.09 in the past 24 hours of trading. The Eurite token has been seeing small gains in the past few days. EURI has gone up by 2.3% in the past week and increasing by 5.7% in the past month.
Earlier today, CryptoQuant analyst Darkfost stated Binance’s Bitcoin whale ratio has been on the decline, signaling that selling pressure from large holders on Binance for $BTC seems to be easing as big holders are cutting down their sell orders.
#Crypto #CoinectraX
On March 12, the leading crypto exchange announced that it will provide trading support for a number of new spot trading pairs, which include CVC/USDC, EURI/USDC, SYN/USDC, USDC/RON, and VELODROME/USDC. Trading will start on March 13 at 08:00 UTC.
Aside from the other tokens, RON is the Romnian leu fiat currency that can now be traded with Circle’s USDC.
Additionally, the Binance will also enable Trading Bots services for the aforementioned trading pairs once trading support is launched. However, some users who live in certain regions may not be able to access these spot trading pairs due to local restrictions that may change overtime.
Users that live in Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories, and any non-government controlled areas of Ukraine will not be able to access the new spot trading pairs. Therefore, all users would need to undergo account verification to access the new trading pairs.
Shortly after the announcement, most of the tokens listed for spot trading pairs experienced gains. $CVC went up more than 5% after the Binance notice was published. Civic’s native token is currently trading hands at $0.095.
Meanwhile, Synapse’s token went up more than 5% to $0.183. SYN’s Binance boost helped it break through the downward trend as the token has been going down nearly 30% in the past week and declining more than 50% in the past month.
$SYN was first listed on Binance Futures in August 2024, but has yet to receive a stand-alone token listing on the exchange.
Furthermore, Velodrome Finance’s token went up by 2.2% since the Binance notice came out. In the past 24 hours, VELO has gone up by 1% to $0.048. Similar to SYN, $VELO also broke through its decline pattern. VELO has gone down by 21.2% in the past week and decreased by more than 34% in the past month.
Lastly, EURI only saw a slight rise by 0.3% to $1.09 in the past 24 hours of trading. The Eurite token has been seeing small gains in the past few days. EURI has gone up by 2.3% in the past week and increasing by 5.7% in the past month.
Earlier today, CryptoQuant analyst Darkfost stated Binance’s Bitcoin whale ratio has been on the decline, signaling that selling pressure from large holders on Binance for $BTC seems to be easing as big holders are cutting down their sell orders.
#Crypto #CoinectraX
Ethereum price has crawled back in the past few days but remains below a key resistance level. #Ethereum ( $ETH ) spiked on Saturday to exceed this month’s low of $1,762. At the time of publication, it was trading at around $1,883.57. #crypto #CoinectraX
The S&P 500 and cryptocurrency markets have collectively lost $5.5 trillion in value over the past two months, with $4.5 trillion erased from the S&P 500 alone since February 20.
“Sentiment is the ultimate driver of price in ANY market, regardless of fundamentals,” the X thread states, highlighting that fear-and-greed indices in stocks and crypto hit their lowest levels since 2022.
Despite prior awareness of escalating trade tensions, markets rallied to new highs in December 2024 and early February. The downturn began on Feb. 20, coinciding with institutional investors slashing exposure to tech stocks. Hedge funds reduced holdings in “Magnificent 7” equities to a 22-month low ahead of the sell-off, Kobeissi reported.
Cryptocurrencies mirrored the trend, dropping $1 trillion despite bullish policy developments. Institutional investors built a record #Ethereum short position Feb. 9, while retail traders piled into #crypto amid speculation about a U.S. #Bitcoin reserve. “Even the U.S. Bitcoin Reserve became a ‘sell the news’ event,” Kobeissi noted.
Massive outflows exacerbated losses. Crypto funds saw a weekly record $2.6 billion exit in late February, while U.S. small- and mid-cap funds bled $3.5 billion and $2.1 billion, respectively. Technology sector funds lost $1.9 billion in one week.
Kobeissi’s thread warns volatility will intensify, with the VIX surging 70% in a month. Kobeissi predicts 1,000-point daily swings in the Dow Jones Industrial Average could become routine, urging investors to monitor sentiment shifts. “Getting ahead of shifts in sentiment will be the most profitable strategy of 2025,” Kobeissi’s analysis concludes. #CoinectraX
“Sentiment is the ultimate driver of price in ANY market, regardless of fundamentals,” the X thread states, highlighting that fear-and-greed indices in stocks and crypto hit their lowest levels since 2022.
Despite prior awareness of escalating trade tensions, markets rallied to new highs in December 2024 and early February. The downturn began on Feb. 20, coinciding with institutional investors slashing exposure to tech stocks. Hedge funds reduced holdings in “Magnificent 7” equities to a 22-month low ahead of the sell-off, Kobeissi reported.
Cryptocurrencies mirrored the trend, dropping $1 trillion despite bullish policy developments. Institutional investors built a record #Ethereum short position Feb. 9, while retail traders piled into #crypto amid speculation about a U.S. #Bitcoin reserve. “Even the U.S. Bitcoin Reserve became a ‘sell the news’ event,” Kobeissi noted.
Massive outflows exacerbated losses. Crypto funds saw a weekly record $2.6 billion exit in late February, while U.S. small- and mid-cap funds bled $3.5 billion and $2.1 billion, respectively. Technology sector funds lost $1.9 billion in one week.
Kobeissi’s thread warns volatility will intensify, with the VIX surging 70% in a month. Kobeissi predicts 1,000-point daily swings in the Dow Jones Industrial Average could become routine, urging investors to monitor sentiment shifts. “Getting ahead of shifts in sentiment will be the most profitable strategy of 2025,” Kobeissi’s analysis concludes. #CoinectraX
While panic selling has seen Bitcoin’s price slip below $80,000, whales looking to leverage the potential opportunity have aggressively accumulated over 65,000 BTC.
On Mar. 11, as #Bitcoin struggled near the $80,000 mark, on-chain data and analytics platform CryptoQuant shared details showing that large holders, dubbed whales, have been busy buying on the cheap over the past month.
CryptoQuant’s on-chain data indicates that despite the selling pressure leaving small holders in wreck mode, Bitcoin whales have used the 16% pullback over the past 30 days to accumulate more than 65,000 BTC.
A continuation of this accumulation pattern over the coming weeks will signal upside demand from large holders. Whale buying has often signaled a bullish outlook, and in the recent past, it mirrors the accumulation seen ahead of the bull cycle run last November and December.
However, downside action may not be over yet. Bitcoin miners have increasingly come under selling pressure as BTC dips.
After hitting an all-time high of $109K, Bitcoin has struggled with downside pressure. Key bounces have stalled at supply reload zones, including the psychological $100K level. This weakness has turned miners into “forced sellers,” adding to the downward trajectory.
With markets reacting negatively to tariffs and other developments, analysts say Bitcoin could dip further. Notably, Bitcoin has retested support levels below $78K, with a bloodbath likely if it flips lower to touch $75K.
Arthur Hayes, the co-founder and former chief executive officer of BitMEX, suggested that the flagship cryptocurrency could revisit the $70K area. This would represent a 36% correction from Bitcoin’s all-time high, he noted.
Nonetheless, Hayes remains bullish long term, viewing the dump as a chance to accumulate more. But investors may need to remain patient.
At time of post $BTC traded around $80,872, slightly recovered from its intraday low of $76,780. #CoinectraX
On Mar. 11, as #Bitcoin struggled near the $80,000 mark, on-chain data and analytics platform CryptoQuant shared details showing that large holders, dubbed whales, have been busy buying on the cheap over the past month.
CryptoQuant’s on-chain data indicates that despite the selling pressure leaving small holders in wreck mode, Bitcoin whales have used the 16% pullback over the past 30 days to accumulate more than 65,000 BTC.
A continuation of this accumulation pattern over the coming weeks will signal upside demand from large holders. Whale buying has often signaled a bullish outlook, and in the recent past, it mirrors the accumulation seen ahead of the bull cycle run last November and December.
However, downside action may not be over yet. Bitcoin miners have increasingly come under selling pressure as BTC dips.
After hitting an all-time high of $109K, Bitcoin has struggled with downside pressure. Key bounces have stalled at supply reload zones, including the psychological $100K level. This weakness has turned miners into “forced sellers,” adding to the downward trajectory.
With markets reacting negatively to tariffs and other developments, analysts say Bitcoin could dip further. Notably, Bitcoin has retested support levels below $78K, with a bloodbath likely if it flips lower to touch $75K.
Arthur Hayes, the co-founder and former chief executive officer of BitMEX, suggested that the flagship cryptocurrency could revisit the $70K area. This would represent a 36% correction from Bitcoin’s all-time high, he noted.
Nonetheless, Hayes remains bullish long term, viewing the dump as a chance to accumulate more. But investors may need to remain patient.
At time of post $BTC traded around $80,872, slightly recovered from its intraday low of $76,780. #CoinectraX
Crypto perpetuals had a record-breaking year in 2024, with trading volumes soaring past expectations as the top 10 centralized exchanges hit $58.5 trillion, more than double the $28 trillion recorded in 2023, according to data from CoinGecko, but Binance’s share dropped 20% in December. ( $BNB )
Yet, despite the overall market growth, cryptocurrency exchange Binance lost ground, with its market share dropping from 43% in January to 34% in December. The top 10 centralized perpetual exchanges recorded $21.2 trillion in trading volume in 2024 Q4, an increase of +79.6% from Q3’s figure of $11.8 trillion, the report reads.
Binance remained the largest player in the sector, but competitors gained traction. Coinbase International entered the top 10 for the first time in December after its trading volume increased by more than fourfold, the data shows.
On decentralized perpetual exchanges, trading volume also surged to $1.5 trillion in 2024, marking nearly a 140% jump from the previous year. Crypto exchange Hyperliquid caputred over 50% of DEXs’ market share in Q4, reaching more than 65% in December 2024. #Crypto #CoinectraX #Binance
Yet, despite the overall market growth, cryptocurrency exchange Binance lost ground, with its market share dropping from 43% in January to 34% in December. The top 10 centralized perpetual exchanges recorded $21.2 trillion in trading volume in 2024 Q4, an increase of +79.6% from Q3’s figure of $11.8 trillion, the report reads.
Binance remained the largest player in the sector, but competitors gained traction. Coinbase International entered the top 10 for the first time in December after its trading volume increased by more than fourfold, the data shows.
On decentralized perpetual exchanges, trading volume also surged to $1.5 trillion in 2024, marking nearly a 140% jump from the previous year. Crypto exchange Hyperliquid caputred over 50% of DEXs’ market share in Q4, reaching more than 65% in December 2024. #Crypto #CoinectraX #Binance
Aztec Network, the Ethereum layer-2 protocol focused on programmable privacy, has officially launched its public testnet. #Ethereum #CoinectraX
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