Standard Chartered published a warning report: Solana is becoming a 'practically single-use' network. Currently, almost all activity is concentrated in memecoins — and this could become a major problem.
➡️ What is happening with Solana?
🟡 Most of the network traffic comes from memecoins, which generate most of the revenue
🟡 Trading volumes of memecoins have already started to decline
🟡 Low fees + declining activity = a dangerous combination
👀 XRP: The "Head and Shoulders" pattern indicates a drop to $2
The XRP rally may be coming to an end — a classic reversal pattern is forming on the 4-hour chart, and trader interest in futures is rapidly declining. What does this mean for the price?
➡️ Technical Signal: "Head and Shoulders"
🟡 The pattern has formed since May 9 — three peaks, with the central one higher than the two lateral ones.
🟡 The break of the neckline at $2.33 confirmed the reversal signal.
🟡 The first target is $2.25 (200-day moving average), and the second is $2.00 (a 14% drop from the current level).
If the price fails to hold above $2.30, a wave of selling is expected — warns analyst Egrag Crypto. In this case, XRP could drop to $2.15, and then perhaps even to $1.60.
➡️ Alarm in Futures
🟡 In the last 5 days, open interest in XRP has decreased by $1 billion (-18%).
🟡 $12 million in long positions were liquidated in 24 hours — nearly 10 times more than short positions.
🟡 Trading volume increased by 70%, while the price fell by 3% — a concerning signal: sellers are becoming more active.
📌 Conclusion: XRP is on the verge of a reversal — the "head and shoulders" pattern has been technically completed, and the market shows signs of weakness. If the bulls fail to push the price above $2.30, the next key support level is $2.00. $XRP #BinanceAlphaAlert
What is Binance Square? The Binance Square is a social media content platform where each user can share their thoughts, discover the latest news and trends, and participate in community discussions about everything related to cryptocurrencies and Web3. How to access Binance Square? Binance Square is available to Binance users through the Binance app and website. App App - Lite Version: Tap the [Square] tab.
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#CryptoRegulation 📰"Crypto Regulation" (cryptocurrency regulation) refers to the set of laws, norms, and guidelines that governments and regulatory entities impose to control the use, trading, issuance, and custody of digital assets such as Bitcoin, Ethereum, and stablecoins.
⚠️Why is it important?
Regulation aims to:
Protect investors from fraud and schemes.
Prevent financial crimes, such as money laundering and terrorist financing.
Ensure stability in financial markets.
Integrate cryptocurrencies into the traditional financial system.
#BinancePizza What is Bitcoin Pizza Day? Bitcoin Pizza Day is the anniversary of the first commercial transaction in human history made with bitcoins. "It is one of the most important annual celebrations related to crypto, because it commemorates the hypothetical first real-life bitcoin transaction," say experts from Lemon. They add: "On May 22, 2010, a programmer named Laszlo Hanyecz bought a pizza for 10,000 bitcoins in Jacksonville, Florida, United States.
At that time, when there were no crypto exchanges, the 10,000 bitcoins were worth just over $26.79955051940. To the surprise of the entire world, these bitcoins are now worth over $26.799550519600 million."
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#TrumpTariffs 📰My First Bitcoin Receives $1M Grant from StartSmall
My First Bitcoin has received a $1 million grant from Jack Dorsey's initiative #StartSmall to advance independent Bitcoin education around the world.
May 13, 2025 – We are proud to announce that My First Bitcoin has received a $1 million grant from #startsmall. With this financial support from Jack Dorsey’s philanthropic initiative, we will continue to serve grassroots Bitcoin education initiatives worldwide.
This grant accelerates our work in the creation and distribution of free and open-source Bitcoin education materials and infrastructure.
The cryptocurrency trading platform will be the first company in the sector to join the main North American index. This is another step towards institutional adoption of the industry.
With the cryptocurrency industry gaining more institutional space in the U.S., Coinbase will become the first company in the sector to be part of the S&P 500 - the main North American index. The cryptocurrency trading platform will replace the financial services provider Discover Financial in the select group of listed companies that make up this benchmark, after the latter was acquired by Capital One.
The entry will only take place at the beginning of next week, on May 19, but investors are already reacting to this announcement. At this time, Coinbase is surging more than 15% to $239.46 and reaching two-month highs - a growth that may not stop here.
In the middle of the year 2023, the price of BTC will be traded at an average of $$116,010.69. June 2025 may also witness an increase in the value of Bitcoin to $$130,123.94. It is assumed that the price will not fall below $$101,897.44 in June 2025.
1. Bitcoin Soars with US-China Truce After the trade truce between the US and China, Bitcoin surpassed $104,000. The market reacted with increases of up to 4%.
2. Artificial Intelligence in Fighting Crime The company Elliptic is using AI to identify crimes involving cryptocurrencies. One recent case involved a $1.5 billion hack linked to North Korea.
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Despite the growing maturity, cryptocurrencies still face high volatility. Sudden movements can lead to significant losses for unprepared investors. Excessive speculation can also lead to price bubbles that eventually burst, causing losses for many investors.
Strategies to Mitigate Volatility:
To deal with volatility, investors should adopt strategies such as diversification, stop-loss, and long-term investment. Additionally, it is crucial to understand the fundamentals of the projects before investing, avoiding speculation based on rumors or hype.