Anmol Khatiwada, Author at Bitmala

Breaking !Sygnum Lists 3 Reasons Why Solana Isn’t Ready to Beat Ethereum

Swiss crypto bank Sygnum just gave their unfiltered take: Solana may be making noise, but it’s not ready to take Ethereum’s crown — especially in the eyes of big finance. In their latest blog (May 8), Sygnum pointed out the elephant in the room: Solana’s boom is riding on memecoin hype. That’s cool for CT degenerates, but not exactly bank-grade stable.

According to Sygnum, institutional money isn’t vibing with short-term pumps. They’re looking for security, stability, and long-term vision — three things Ethereum already flexes hard in DeFi, tokenization, and stablecoins. And yeah, even though Solana’s fee volume is spiking, most of it goes to validators, not into boosting SOL’s value.

While Solana’s DeFi game is growing, It says it still needs serious structure to get TradFi’s trust. Especially after the community voted against lowering inflation — wild move if you’re trying to boost token value.

TL;DR: Solana’s cool, but Ethereum’s the grown-up in the room. Sygnum isn’t buying the hype — yet.

You might find interesting: Breaking ! Ethereum Loses Ground as Unichain Takes 75% of Uniswap v4 Volume

Breaking ! Ethereum Loses Ground as Unichain Takes 75% of Uniswap v4 Volume

Uniswap’s new Layer-2, Unichain, is making waves—and fast. Since launching in Feb 2025, Unichain has overtaken Ethereum as the top chain for Uniswap v4 trading volume. As of May, it owns a crazy 75% of the market share, while Ethereum’s dropped below 20%, according to DeFiLlama.

So what’s fueling this? Speed and savings. It flexes one-second block times and gas fees up to 95% lower than Ethereum Layer-1. Add in a juicy incentive campaign from April and bam—TVL hit $250M+. Since May 1, the chain has seen $2.6B in trades, more than doubling Ethereum’s $1.1B.

Uniswap v4 is built natively on Unichain, making it extra optimized with new features like customizable hooks and better liquidity pools. Meanwhile, Ethereum still holds it down for Uniswap v3.

Big names like Circle, Coinbase, and LayerZero are backing the movement, along with $165.5M in growth funds. Even though Ethereum still rules DeFi with $59B+ in TVL, this feels like a new chapter.

TL;DR: Uniswap on Unichain is the new alpha. Fast, cheap, and stacked with incentives. The flippening is real.

You might also like: Binance Coin Surges Amidst Market Optimism and Exchange Innovations

Chainlink Set to Surge as Coinbase’s $2.9B Deribit Acquisition Powers Up Crypto Derivatives

Yo, crypto fam, Coinbase just dropped some major heat with a $2.9 billion deal to snatch up Deribit, the go-to platform for Bitcoin and Ethereum options. We’re talking $700M in cash and a fat 11M shares of COIN stock. This move is huge—derivatives trading is booming, and Coinbase is locking in a front-row seat for the next big market wave.

But peep this—it’s not just about options and futures. With this power move, Coinbase is signaling a massive vote of confidence in the whole crypto ecosystem, and you best believe LINK is about to be in the spotlight. As institutions dive deeper into derivatives, they’re gonna need top-tier, real-time data, and Chainlink is that plug.

Lately, Chainlink’s been showing strong bullish vibes, especially as the DeFi and derivatives scenes heat up. More institutions are tapping into smart contract power, and its reliable price feeds make it the backbone of so many decentralized apps.

TL;DR: Coinbase is stacking up institutional cred, and Chainlink is set to ride the wave with it. Eyes on LINK as the derivatives and DeFi markets expand.

You might also like: Why Robert Kiyosaki Calls Bitcoin a Better Hedge Than Precious Metals

Breaking ! CoinSwitch Drops 5th Proof of Reserves—Flexes ₹2,764 Cr in Assets to Back User Trust

CoinSwitch just came through with its 5th edition Proof of Reserves, and ngl, the transparency flex is real. India’s largest crypto platform—rocking over 2 crore users—confirmed it’s got enough crypto + INR to cover every. single. withdrawal 1:1, no cap.

The audit? Verified by an independent CA firm, following India’s SRS 4400 standards. They checked both Bitcipher Labs and Nextgendev Solutions as of March 31, 2025.

Here’s the tea:

User holdings (Crypto + INR): ₹2,138.64 crore
CoinSwitch holdings (Crypto + INR): ₹2,764.20 crore

Basically, its got more than enough stashed to cover everything, and the extras? Those are the company’s own bags—totally separate from user funds.

Even better, customer crypto holdings are up 10% since the last POR, thanks to the market’s glow-up. BTC alone jumped from ₹57L to ₹80L—bag holders, rejoice

CoinSwitch also dropped wallet addresses so users can verify the info themselves (talk about trust goals). Over 95% of crypto is chillin’ in cold storage via CoinSwitchX, with <5% on partner exchanges to keep trades smooth.

Moral of the story? This token isn’t just talking the talk—it’s walking it hard.

You might also like: Solana Just Crushed a DEX Milestone — $800B+ in 2025 Alone

AI Edge by Miles Deutscher Sparks AI Crypto Surge: FET and RNDR Rally After Launch

So, crypto fam, Miles Deutscher just shook the timeline on May 8, 2025, by launching @aiedge_, a fresh account dedicated to AI + money-making content. If you’re into AI-powered trading, alpha drops, or just riding trends early—this one’s worth watching.

Right after this tweet, AI tokens started popping off. Fetch.ai (FET) pumped 3.2% to $2.15, and Render (RNDR) hit $7.42, both with trading volume surges that scream “something’s cooking.” He really boosted the whole ai scene with his remarks on ai edge. It’s no secret—AI has been eating up every industry, and crypto’s next in line. From predictive trading bots to deep market insights, AI is leveling up the trading game.

And the charts back it up: FET’s RSI was 62, RNDR’s at 65—still room to run. FET even flashed a golden cross (aka long-term bullish). On-chain wallet activity is up 10%, and buy orders spiked post-tweet. That’s not noise—it’s real momentum.

Moral of the story? AI edge might be more than just a content drop—it’s a signal. Keep eyes on AI tokens, especially FET and RNDR, and don’t sleep on this narrative. Just don’t forget your stop-loss.

You might also like: Breaking !Bitcoin’s Stuck at $96K — Will the Fed Send It Over $100K Today?

Breaking !Bitcoin’s Stuck at $96K — Will the Fed Send It Over $100K Today?

Bitcoin’s been chilling between $93.4K and $97K for the past week, and everyone’s just waiting on one thing: the FOMC meeting at 2 PM ET today. That’s the next big catalyst — and it could be the moment BTC blasts past the $100K mark.

What’s the Fed Saying?

According to the CME FedWatch Tool, there’s a 97.7% chance the Fed won’t touch interest rates, keeping them between 4.25%–4.50%. Inflation’s still being stubborn, and pressure for cuts is rising, but Fed Chair Jerome Powell is likely to keep things steady with his usual cautious tone.

Where’s Bitcoin At?

Right now, BTC is trading at $96,929, up 2.44% in the last 24 hours, with $38.1B in volume, per CoinMarketCap.

Price Action: What the Charts Say

On the 4-hour chart, BTC just bounced off a solid support at $93K and is now testing resistance. If momentum holds, we could see a breakout — think a 5% pump to $102.25K. But if BTC gets rejected here, it could dip hard down to $88,772.

Bitfinex’s Take

A recent Bitfinex report (May 6) says $95K is make-or-break. It’s the bottom of a three-month price range. Holding above it? Possible new all-time highs. But if BTC slips below $95K, things could unravel fast.

You might like: Lee Jae-myung Vows to Embrace Crypto ETFs as Part of Youth-Focused Reform

Solana Just Crushed a DEX Milestone — $800B+ in 2025 Alone

Solana’s cooking in 2025 — its decentralized exchange (DEX) scene just hit a wild $806.8 billion in trading volume so far this year. That’s nearly 4x the volume it pulled during the same time last year ($201B). Data from Top Ledger confirms the Solana ecosystem is booming, with January alone clocking in over half the total at $408B. Yeah, that January pump was real.

Jupiter Still Running the Show

If you’re wondering who’s moving most of that volume, it’s Jupiter, SOL’s DEX aggregator kingpin. Jupiter handled $334.6B, which is 55% of all volume on Sol’s DEXs. OKX is way behind with just $32.2B, and Pump.fun — that wild memecoin launchpad — surprisingly pulled in $22.3B.

Execution Layer: Raydium FTW

Down at the execution layer (where trades actually go through), Raydium is the MVP with $352.8B in volume. Meteora came in second with $113.7B, then Orca at $103.9B, and SolFi trailing with $97.9B. Bottom line: people are swapping on SOL like crazy.

Solana’s Catching Up to Ethereum

Big picture? Solana is closing in on Ethereum in the DEX wars. ETH still owns 30% of total DEX volume across all chains, but Solana’s now holding 23% — and it’s climbing.

The Takeaway

Solana isn’t just trending. It’s dominating the DEX game, and protocols like Jupiter and Raydium are leading the charge. The network’s growing fast, adoption is real, and 2025 is already looking like a breakthrough year.

You might also like: Lee Jae-myung Vows to Embrace Crypto ETFs as Part of Youth-Focused Reform

A Polygon Whale Just Bet Big on XYZVerse — Could This Be the Next 1000x Sports Crypto?

A Polygon whale just woke up from a 5-year nap — and they’re not hoarding POL this time. Instead, they’re stacking XYZVerse, a buzzy new sports-themed token that’s got early investors dreaming of massive gains. With momentum kicking up fast, crypto Twitter’s watching closely .

XYZVerse Wants G.O.A.T. Status — Fans Eye 1000x Returns

Forget lame memecoins. XYZVerse (XYZ) is on a mission to turn sports hype into crypto clout. Whether you’re into football, MMA, basketball, or esports, XYZ isn’t just another pump-and-dump — it’s got a bold plan to build a fan-powered, adrenaline-fueled ecosystem.

Already crowned the Best New Meme Project, XYZ is playing in a whole different league. Backed by a clear roadmap, an amped-up community, and some serious early traction, this project isn’t just vibing — it’s building.

With sports fans forming the core squad, XYZVerse aims to become the G.O.A.T. of sports crypto — a token that goes way beyond just memes and moonshots.

Presale’s On Fire — Here’s the Alpha:

Early birds are feasting. The XYZ presale is already past $13 million raised, and prices are climbing fast at every stage:

Launch: $0.0001
Now: $0.003333
Next: $0.005
Final: $0.02
Listing goal: $0.10

That’s why everyone’s talking about a possible 1000x ROI for early buyers. With listings on major CEXs and DEXs just around the corner, the FOMO is real.

Whales already know what’s up — they’re loading up before XYZVerse hits the big leagues.

POL Price Flips: What’s MATIC’s New Era Look Like?

While XYZ is heating up, Polygon (POL) is keeping traders on their toes. The new POL token (rebranded from MATIC) saw a slight -3.21% dip this week, chilling between $0.22–$0.24. But zoom out and it’s up 21.93% this month — a solid bounce-back move.

Still, POL is down -23.38% over 6 months, so long-term holders are still waiting for a full recovery.

Key Levels to Watch:

Resistance: $0.26 and $0.28
Support: $0.21 and $0.19

Technical tea:

10-day MA = $0.23
100-day MA = $0.24
RSI = 53.7 (neutral zone)
Stochastic = 91.17 (maybe overbought)

You might also like: eToro Targets $4B Valuation in Upcoming U.S. IPO Amid Crypto Expansion

eToro Targets $4B Valuation in Upcoming U.S. IPO Amid Crypto Expansion

Trading app eToro just dropped some big news — it’s heading to the U.S. stock market and could be worth up to $4 billion once it’s live. Yup, the same platform where you buy both stocks and crypto is planning to list on Nasdaq with the ticker “ETOR.”

The Breakdown:

According to a filing with the SEC on May 5, eToro wants to raise $500 million by selling 10 million shares priced between $46 and $50. Half of those shares are coming straight from the company, while the other half are being sold by OGs like:

Co-founder & CEO Yoni Assia
His brother Ronen Assia
Investors like Spark Capital, BRM Group, and Andalusian Private Capital

So yeah, it’s a mix of new money and early-backer exits.

Big Names Want In

Even the GOATs are circling. BlackRock might scoop up $100 million worth of shares. Plus, 500,000 shares are saved for a “directed share program” — basically, a thank-you for employees and early fans.

Crypto Still Poppin’

Crypto isn’t just a side hustle for eToro. In 2024, it pulled in a wild $12.1 billion in crypto-related revenue — a massive jump from $3.4B in 2023. But heads-up: eToro says crypto’s slice of the commission pie might shrink a bit in early 2025.

Still, compared to rivals like Robinhood, which had a dip in crypto trading earlier this year, eToro’s looking solid.

Speed Bumps Ahead?

Not all vibes are green candles, though. eToro mentioned a few things that could slow them down:

Regulations from U.S. states and the EU’s new MiCA rules might bring added compliance costs
Negative media around crypto coins could hurt user retention
Delays from wild market swings (like Trump’s trade policies in April) already pushed this IPO back once

SEC’s Vibe Shift

The SEC’s new chairman Paul Atkins is kinda crypto-friendly. Since he stepped in, the agency backed off some major lawsuits — like dropping cases against Coinbase and Cumberland DRW, and closing the one on Uniswap Labs with no action. 👀

That might explain why more crypto giants like Circle and Kraken are also flirting with IPOs.

You might find interesting: Breaking ! Silk Road Bitcoin Wallets Wake After 11 Years, Move $322M in BTC

Pi Network Poised for Breakout as Technical Indicators Signal Potential 74% Rally

This week, Pi Network (PI) has barely budged, chillin’ around $0.57, which is a brutal 80% drop from its 2024 high. The vibes? Pretty quiet. Only $47.5M in 24h trading volume—meaning not a lotta people are jumping in just yet.

But here’s the tea:
Some analysts are calling it the calm before the breakout storm.

Pi Coin’s price action is following the Wyckoff Method, an OG 90-year-old market theory. It says Pi’s in the “accumulation” phase—aka: low volume, sideways grind, no major drama. The next stop on the Wyckoff train? The markup phase—where a juicy catalyst sends price flying.

So, what could trigger liftoff? 🚀
A big exchange listing like HTX, Upbit, Binance, or Coinbase could be the spark. Just like other coins that moon after getting listed, it could ride the same wave.

Meanwhile, the Bollinger Bands (a go-to price volatility tool) just hit their tightest squeeze since its mainnet launch. That kind of compression? Usually followed by a big move—up or down.

Add this to the mix: Pi’s also flashing a bullish divergence. The Awesome Oscillator, which shows market momentum, is trending up and about to flip positive. That’s usually a hint that buyers are gearing up.

So here’s the setup:

📈 Bullish breakout? We could see the token fly to $1 (a juicy +74% move).
📉 Bearish breakdown? It could dump to $0.50.

Either way, something’s about to go down—and the token’s holders better buckle up.

You might find interesting: 1st to Stack Sats: New Hampshire Just Went Full Crypto With State Funds