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Solana Price Nears Key Resistance, Global Liquidity Signals Upside Potential
Solana (SOL) price is approaching a critical resistance level, capturing the attention of many investors. Recent trends indicate an uptick in the global money supply, signaling favorable conditions for risk assets like Solana coin.
As M2 global liquidity expands, Solana price appears to be poised for a potential breakout beyond its current resistance, aligning with positive macroeconomic conditions that could lead to significant upward movement.
Solana Price Faces Key Resistance Levels
Solana price has demonstrated strength recently, bouncing off support zones between $134 and $140.
That suggested a potential bullish reversal. It was testing the upper boundary of a descending channel at press time, which often occurs before upward movements.
A break above the $150 resistance could lead to further gains, with targets between $170 and $185, and possibly even $260 and $320.
Rising trading volume supports the likelihood of a breakout. Increased volume typically indicates growing interest from traders, often leading to larger price movements. It suggested that Solana could be preparing for a move above its current resistance levels.
Worldcoin has introduced a groundbreaking identity verification system incorporating eye-scanning technology in six prominent U.S. cities, including Los Angeles, San Francisco, and Austin. This system enables users to establish unique digital identities by leveraging biometric data. In return, users receive WLD tokens as incentives, which has captured significant attention from the global audience. The novel approach, however, has sparked conversations around technological advancements and data privacy challenges.
How Does Eye-Scanning Work?
The technology has been deployed in several major cities such as Los Angeles, San Francisco, Austin, Nashville, and Miami, with devices designed to perform iris scans on users. Interestingly, there was a mention of Afyon, although this seems to be an erroneous inclusion. The biometric information collected is intended to empower users with a distinct digital identity, ensuring their singularity within the online sphere.
What Challenges Do Regulators Pose?
Numerous countries closely examine the implications of identity creation through eye-scanning. In Europe, Spain and Portugal have temporarily ceased Worldcoin activities due to significant concerns surrounding data protection and biometric data management. There is anxiety among European regulators about how centralized data collection could interfere with fundamental civil liberties.
Despite these regulatory hurdles, Worldcoin forges ahead with technology testing across diverse sectors. Collaborations with industry giants like Visa are progressing to incorporate their identity verification method into payment systems and social media frameworks. Furthermore, major platform Coinbase has decided to list the WLD token, highlighting its acceptance in the corporate sector.
Best Crypto to Buy Now as Industry Demands Clear SEC Rules on Staking
Staking has become a staple when it comes to the cryptocurrency market, but the lack of clarity around it has not stopped creating issues, even though progressive regulations are on the way.
To fast-track staking at the front of the regulatory queue, a coalition of nearly 30 US crypto organizations is pushing the US Securities and Exchange Commission to finally provide a clear stance on it.
This coalition, led by the Crypto Council for Innovation, sent urgent letters to the SEC in April 2025. Their argument is that staking is a technical function—an act of securing a blockchain network—and therefore, should not be considered a financial investment.
The letter has once again made it clear that regulations still have a way to go in order to align with the needs of the cryptocurrency space. However, it has also created an opportunity, since the reaction to the letter could mobilize some cryptos. Therefore, the rush is on to find the best crypto to buy now.
BlackRock's $1 Billion Bitcoin Investment Boosts Market Outlook
BlackRock's iShares Bitcoin Trust reported a single-day inflow of approximately $1 billion on April 29, 2025, furthering Bitcoin's market aspirations.
Investment by BlackRock underscores the growing significance of institutional backing, pushing Bitcoin towards a $2 trillion market cap, with markets reacting positively.
BlackRock's iShares Bitcoin Trust (IBIT) experienced nearly $1 billion in daily inflows on April 29, 2025. This marks the second-largest inflow since the ETF's launch, emphasizing the scale of institutional interest in Bitcoin. Bitcoin's price responded to the inflows by rising to a local high of $95,400, driven by the potential for achieving a market cap of $2 trillion. Analysts suggest this trend will support ongoing price momentum.
Bitcoin's price rise is indicative of increased demand from institutional investors, further solidifying its role as a legitimate asset class. Bitcoin's current market capitalization approaches $1.9 trillion, supported by the substantial inflow from BlackRock's investment. Markets have seen increased activity.
Geoff Kendrick of Standard Chartered maintains a positive outlook for Bitcoin, citing expanding institutional adoption and economic conditions. Analysts believe Bitcoin's value could rise further with favorable liquidity conditions. The anticipation is heightened by market watchers as Bitcoin trading volumes reached $48.7 billion following BlackRock's investment.
Will Donald Trump Create a Bitcoin Reserve Tomorrow?
As President Donald Trump marks his first 100 days back in office with a rally hosted by Securing American Greatness, excitement is growing around whether he will take a historic step by officially adding Bitcoin to the United States’ financial reserves. According to prediction market Polymarket, there is currently a 6% chance that Trump will announce a Bitcoin reserve before the 100-day milestone ends tomorrow.
This speculation follows recent comments from U.S. Secretary of Commerce Howard Lutnick, who appeared on Bitcoin Magazine to discuss the administration’s evolving stance on digital assets. Lutnick opened up about a strong shift away from the previous administration’s restrictive approach to cryptocurrency, saying, “Under Biden, it was treated like you were doing something wrong… That’s over now.”
Treating Bitcoin Like Gold
Lutnick said that the Trump administration sees Bitcoin not as a currency, but as a commodity, similar to gold or oil. “There’s only so much of it,” he explained. “Bitcoin is like gold to me… It should be treated like a commodity.”
He added that once the U.S. formally accepts Bitcoin as a commodity, it could open the door for widespread use, including buying, selling, and holding it as an asset—just like gold. “No one stops someone from selling oil or gold,” he said. “Bitcoin should be the same.”
Trump-Backed Crypto Firm Partners with Pakistan Crypto Council
World Liberty Financial has teamed up with Pakistan Crypto Council to advance blockchain and decentralized finance initiatives, featuring involvement from key Pakistani officials and international representatives.
This partnership signifies potential contributions towards crypto market legalization and technological advancements in Pakistan, drawing international attention to its blockchain economy.
Trump Envoys Promote Blockchain in Pakistan
The collaboration between World Liberty Financial and the Pakistan Crypto Council aims to bolster blockchain innovation. Representatives from both countries discussed objectives in a recent meeting. This partnership includes Pakistan's Finance Ministry, major state officials, and representatives from the Trump-backed WLF team.
Key participants include former U.S. President Donald Trump’s envoy, Steve Witkoff, and his son, Zachary Witkoff, signifying strong political backing. The agreement is structured as a Letter of Intent, focusing on infrastructure development and regulatory frameworks without immediate capital injection.
Bitcoin Gains Attention Amid U.S. Tariff Volatility
Donald Trump announced significant tariffs on April 2, 2025, affecting multiple U.S. trading partners and triggering economic uncertainty.
Bitcoin's reputation as a safe haven is escalating amid U.S. tariffs, indicating a potential shift in traditional asset roles.
Donald Trump implemented tariffs on April 2, 2025, which prompted economic instability globally. This situation is marking a potential shift in asset roles as Bitcoin is increasingly viewed as a store of value.
The fallout from the tariffs has seen notable figures such as Larry Fink and the U.S. Treasury Secretary commenting on Bitcoin's evolving role as a store of value, similar to gold's historical position.