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"Solana in Danger Zone — Will a $45M Liquidation Send SOL Crashing to $134?"

The Crypto Basic

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#Solana is nearing a triangle breakout at $145, with $44.95 million in long liquidations looming below $143. Will SOL crash to $134? 

Read more on: https://thecryptobasic.com/2025/05/06/solana-risks-45m-long-liquidation-will-sol-crash-to-134/
#CryptoNewss 

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"Massive $1B USDT Mint: Is This the Fuel Tron Needs to Hit $0.40?"

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#Ripple CEO Brad Garlinghouse comments on the company’s recently published Q1 2025 XRP Markets report, highlighting major achievements in the previous quarter. In an X post today, Garlinghouse characterized Q1 2025 as an incredible quarter for Ripple following some significant milestones it achieved in the first three months of the year. Major Accomplishments The tweet highlighted three Ripple-related accomplishments: the acquisition of Hidden Road, the SEC withdrawing its appeal, and the growing institutional interest in XRP products globally. Hidden Road Acquisition In the report, Ripple emphasized that acquiring top prime broker Hidden Road for $1.25 billion was the company’s largest deal. It unlocks a new institutional use case for the XRP Ledger (XRPL) and Ripple USD (RLUSD) stablecoin. As previously reported, Hidden Road will leverage RLUSD as collateral across its products. This move will enable cross-margining between traditional finance and crypto investments. The prime broker will also integrate XRPL into its post-trade operations, like Repo Markets and Swaps, to cut costs and enhance efficiency. SEC Ends Its Appeal The report also sheds light on how the SEC informed Ripple of its intent to withdraw its appeal. Ripple responded by also withdrawing its cross-appeal, which challenged the regulator’s victory in the multi-year lawsuit. Consequently, the regulator accepted a reduced fine of $50 million from $125 million and a request to vacate the court’s permanent injunction order. However, the agreement is subject to the court’s approval. If approved, it would mark the end of the multi-year legal tussle, which Ripple claims ‘tested the limits of regulatory overreach.’ #CryptoNewsCommunity

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#SUI gains bullish momentum following a wedge breakout. With a golden crossover forming and TVL rising, can it reach the $6 milestone? With a strong attempt to break into the top 10 cryptocurrencies, SUI is currently trading at $3.34. The project boasts a market cap of $11.16 billion and has recorded a 0.64% gain in the past 24 hours. SUI price remains above the $3.30 level, hinting at a potential bounce following a retest. Could the golden crossover between the 50- and 200-day EMAs ignite the next major rally toward $6? SUI Price Analysis SUI’s daily chart showcases a bullish breakout of a falling wedge pattern. This wedge breakout rally marked the end of the prevailing declining phase during Q1 2025. Between early January and April, the price declined nearly 65%. However, the recent rebound has pushed the price above both the 50- and 200-day EMAs, as well as the key psychological level at $3. Currently, SUI is holding above $3.30 at the 23.60% trend-based Fibonacci retracement level. The surge in bullish momentum has brought the 50- and 200-day EMAs close to forming a golden crossover. If this uptrend continues, the crossover could confirm a strong bullish signal. Supporting the bullish case, the Chaikin Money Flow Index remains positive, recently spiking to 0.18. With continued positive money flow, the uptrend appears sustainable. If a post-retest recovery follows, Fibonacci levels point to a near-term target of $4.63 (38.20% retracement). In a more optimistic scenario, the rally could extend to the 50% Fibonacci level, hitting the $6 mark. This would mark a new all-time high for SUI, driven by the ongoing bullish breakout. On the downside, immediate support lies just below $3.30, at the 200-day EMA around $2.83. SUI Ecosystem Strengthens as Stablecoin Market Cap Hits All-Time High As SUI eyes a new all-time high, its ecosystem continues to gain strength. According to SUIScan, the total value locked (TVL) on the SUI network stands at $1.77 billion, with total accounts reaching 177 million.. #Crypto

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President Donald Trump has again advocated for the #crypto industry, recently pointing out the resilience from Bitcoin and crypto in the latest market turbulence. He spoke in an exclusive interview with NBC News on Sunday about his strategies as the 47th US president, but did not fail to mention crypto, his newfound interest. Trump said he wants crypto in America, highlighting the sector’s growing global relevance. I Want Crypto: Trump The pro-crypto president stated that crypto is essential for the United States and that the country risks losing innovation to China if it does not step up. Trump noted that the sector is nascent yet has garnered considerable traction. Notably, Trump took to lobbying the crypto industry before the November election, gaining not just their votes but their financial support. According to his latest comments, “hundreds of millions of people” are dabbling with the nascent industry. Yet, he accused the former administration of a late pretense to buy votes from the growing population of crypto faithful. Furthermore, Trump stressed that despite its nascent nature, the sector is growing harder than most other aspects of the market. He emphasized that Bitcoin showed more resilience than other sectors, like US stocks, during the latest market turbulence. Recall that the crypto market initially maintained a correlation with risk-on assets during the tariff trade war but decoupled later on. Bitcoin has recovered more than US stocks, establishing its resilience and value as a hedge against uncertainties. Not Profiting from Crypto Support: Trump Meanwhile, he received questions on if he is cashing in big with his support for the sector, Trump insisted crypto is not his cash cow. The pro-Bitcoin president noted that he has been in favor of cryptocurrencies long before the November elections. He questioned whether owning a stock that performs well because he improved the US economy as the president means he is gaining. According to Trump, he has not even looked at his crypto portfolio to ascertain its profitability.

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San Francisco-based blockchain infrastructure company #Ripple has released its standard allotment of 1 billion XRP from escrow for May 2025. Ripple unlocked all 1 billion XRP from escrow in three separate transactions in the late hours of yesterday. For the first transaction, Ripple unlocked 200 million XRP ($440.52 million) at 22:28 (UTC) to one of its addresses labeled Ripple (26). The company released another 300 million XRP ($660.86 million) from escrow to the same Ripple (26) address a minute later. At 22:31 (UTC), the company unlocked another 500 million XRP worth $1.1 billion to a separate address, tagged Ripple (27). Overall, it released 1 billion XRP ($2.2 billion) from escrow for May 2025, with Ripple (26) receiving 500 million XRP in two tranches and Ripple (27) getting 500 million XRP in one transaction. At the time of publication, each address had a balance of 500 million XRP. Ripple Locks 700M XRP in May 2025 The latest transaction comes exactly 24 hours after Ripple shuffled 1 billion XRP, with 700 million of these tokens sent to escrow. As previously reported, both Ripple (26) and Ripple (27) were involved in the May 1 transaction. Specifically, Ripple (26) moved 500 million XRP to two addresses, Ripple (1) and Ripple (14), with each receiving 300 million XRP and 200 million XRP, respectively. On the other hand, Ripple (27) sent 500 million XRP to three different addresses labeled Ripple (14), Ripple (15), and Ripple (51). While Ripple (14) received 300 million XRP from Ripple (27), Ripple (15) and Ripple (51) collected 30 million XRP and 170 million XRP, respectively. Following the transactions, Ripple (14) locked 500 million XRP in escrow. Ripple (15) and (51) followed suit by locking the 200 million XRP they both received from Ripple (27) in escrow. This brings the total number of XRP locked in escrow this month to 700 million XRP. Previously, Ripple usually released its standard 1 billion XRP from escrow before re-locking 700 million back. However, the company changed this practice in recent months... #Crypto

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