#MarketPullback The crypto market is experiencing a notable pullback, with major assets like Bitcoin and Ethereum retracing from recent highs. This decline follows a period of rapid growth, prompting investors to take profits and reassess risk amid shifting macroeconomic conditions. Regulatory uncertainty and broader financial market volatility have also contributed to the correction. While short-term sentiment may appear bearish, such pullbacks are common in crypto’s cyclical nature. Many analysts view this as a healthy consolidation phase, potentially setting the stage for stronger future gains. Seasoned investors often interpret these moments as opportunities to accumulate, rather than signals to exit the market. $SOL
$SOL #Crypto doesn’t need another hype cycle. It needs working products — and the Solana community keeps shipping them ☀️
Here’s your weekly Solana recap as we accelerate into May:
- Ethereum DeFi OG @1inch launched their DEX aggregator on Solana, connecting Solana to $7B in liquidity and expanding options for traders using the network.
- GMT Pay and the GMT Card went live from @fslweb3, enabling you to pay with crypto IRL using Apple Pay & Google Pay around the globe.
- @fusewallet introduced Fuse Card to a limited set of users in the U.S., enabling crypto payments powered by Solana anywhere that Visa is accepted.
- The space cats were hard at work, with @JupiterExchange releasing Ultra v2, a new routing engine featuring RTSE v2, Dynamic Execution, MEV Protect, JupShield, and Gasless Swaps Support.
- The @SolanaInstitute, @superstatefunds, @orca_so and @lowensteinllp submitted “Project Open” to the SEC — a major step towards enabling the issuance and trading of tokenized equities on public blockchains like Solana.
- Solana DePIN szn is in full swing, with @Dune and @SliceAnalytics compiling a 40 page(!) report showing growth across DePIN, with 238K+ registered nodes and $100K+ in weekly revenue on Solana. @SuperteamIN also released a 46 pg. report on DePIN. Plenty to review over your weekend coffee.
- @MarinadeFinance announced that @BitGo became the first U.S.-qualified custodian to support Marinade Native staking. Institutions can now stake Solana securely while maintaining full custody and compliance.
- @believeapp launched, allowing any post on X to be turned into a token by tagging @launchcoin, with Alliance’s @lmrankhan calling it “the kickstarter for ideas and projects”. Founder @pasternak shared that the app was approaching almost $200M in volume just a few days following launch.
#USStablecoinBill Get ready for Binance Monthly Challenge! Set out on a journey of simple and exciting tasks and stand to win Binance Points, redeemable in the Rewards Hub. Binance Points are reward points offered by Binance's loyalty program. Users can accumulate Points by completing tasks, joining activities or completing point-based activities in the Rewards Hub. The Points can be used to claim rewards in the Rewards Shop, such as token vouchers.$BTC
#ShareYourTrades $CGPT CGPT market is going to retest but it will go up soon, so those who have invested money in this point should not take a seat in the market just yet.
#BinanceAlphaAlert $BTC Stopped out -$300, flipped flopped a bit behind the scenes but overall took a small loss, ended up setting a tighter stop loss too. Thinking about shorting again, see next tweet. #Bitcoin
#BTCRebound #BinanceAlphaAlert $BTC $BTC Update! ‼️ After dropping and forming a false break, $BTC has now successfully broken the resistance of the ascending triangle. The target for this ascending triangle is around $98,800. 🚀