SOL Strategies Inc. is preparing for potential capital raises to support its pivot toward the Solana blockchain. The company has filed a preliminary base shelf prospectus with Canadian securities regulators, allowing it to offer up to $1 billion in various securities — including common shares, warrants, subscription receipts, and debt — should market conditions align in the future.
CEO Leah Wald emphasized the move as a strategic, long-term step: “The filing of a base shelf prospectus supports our growth strategy by providing us with the flexibility to access capital as future opportunities arise in the rapidly evolving Solana ecosystem.”
Although no offerings are currently planned, this filing positions the firm to act quickly when needed. Formerly Cypherpunk Holdings, its Strategies rebranded last year to reflect its new investment focus on Solana-based opportunities, leaving behind its previous Bitcoin-centric approach.
This announcement signals the company’s growing commitment to infrastructure, DeFi, and blockchain innovation potential.
Crypto Market Sees Major Moves: Bitcoin Dips, Moonchain Soars 300%
May 29, 2025, was a rollercoaster in the crypto world. Bitcoin (BTC) dipped below $108,000, signaling a potential market correction. Analysts suggest that large holders, or “whales,” are beginning to distribute their assets, possibly indicating a market top .
In contrast, Moonchain (formerly MXC) experienced an astronomical rise, surging over 300% in just 24 hours. This unexpected spike has caught the attention of investors and traders alike, marking it as one of the day’s standout performers .
Meanwhile, XRP continues to gain traction globally. Data reveals that nearly half of XRP futures trading occurs outside U.S. hours, emphasizing its international appeal .
On the regulatory front, Bybit has been granted a MiCA license in Austria, allowing it to operate under the European Union’s new crypto regulations. This move signifies the EU’s commitment to integrating crypto into its financial systems .
Additionally, U.S. Vice President JD Vance praised former President Donald Trump as a “champion of crypto,” highlighting the increasing political support for digital assets .
As the day concludes, the market remains as dynamic as ever, with significant shifts in prices and growing institutional interest. Investors are advised to stay informed and exercise caution in this volatile environment.
XRP ETF Hype Grows Despite 1% Dip – Could XRP Hit $10+ by End of 2025? Solaxy (SOLX) Presale Explodes Past $41.5M
XRP has taken a minor hit in the past 24 hours, dropping by 1% to $2.30 as the broader crypto market dipped 2.5%. That said, XRP still boasts a jaw-dropping 330% gain over the past year, showing its resilience amid market turbulence.
Despite the dip, XRP remains the fourth-largest cryptocurrency and continues to attract major attention — especially with XRP ETFs on the horizon.
Short-Term XRP Price Action: Trouble Ahead or Just a Dip?
On-chain data from CryptoQuant shows active addresses on the XRP Ledger have collapsed from 108,000 in December to just 23,000 today — a steep 80% drop.
That’s far more than the 30.5% drop in price since XRP’s seven-year high of $3.31 on January 18.
While this decline hints at reduced interest, the context matters:
XRP’s current activity still outpaces most of 2022–2023.
Fewer active wallets can also signal stronger long-term holding, not necessarily bearish behavior.
Still, RSI levels have cooled from 70 to under 50, suggesting some near-term softness. Analysts forecast a possible drop to $2.20, but with strong fundamentals, XRP could rebound to $2.50+ by July.
XRP ETFs Could Be a Game-Changer
History is bullish. When BTC ETFs launched in 2024, Bitcoin soared from $35K to $99K.
Now with up to 10 XRP ETFs in the pipeline, the market is buzzing with predictions:
“How much will XRP be by 12/31/25?” A. $10+ B. $100+ C. $1,000+ #XRP #RLUSD #XRPETF 💎 — Kenny Nguyen (@mrnguyen007)
While $100+ may be a moonshot, a move to $4.00 or more by year-end seems reasonable if ETF approval happens and market sentiment shifts bullish again.
Solaxy (SOLX): $41.5M Raised – The Next Big Presale Token?
For those seeking high-upside plays beyond XRP, Solaxy (SOLX) is quickly becoming the talk of the presale scene.
💰 $41.5 million raised so far. 🧠 Solana-powered + eco-energy narrative = viral potential. 📈 SOLX aims to connect DeFi with real-world solar energy systems.
As presale tokens often rally hard post-launch, SOLX could be a hidden gem for early-stage investors looking to maximize ROI.
Final Word:
XRP’s near-term dip may test patience, but its long-term outlook powered by ETF catalysts looks rock solid. Meanwhile, Solaxy (SOLX) is already proving presales can still deliver big in 2025. Whether you’re betting on blue chips or breakout tokens, this cycle’s only just getting started.
Cardano (ADA) is consolidating within a tight range this week, hovering near $0.773 — but big moves could be ahead. Traders on Polymarket have boosted the odds of a spot ADA ETF approval by the U.S. SEC to 71%, the highest since April.
The Securities and Exchange Commission faces a key May 29 deadline to decide on the proposed Grayscale Cardano ETF. While history suggests the agency may delay the ruling, bullish bets have continued to rise, hinting at growing optimism within the crypto community.
Despite the hype, Cardano still lags behind its competitors in ecosystem development. It supports only 48 DeFi apps with $443 million in total value locked and a modest $31 million in stablecoins. For comparison, new player Unichain already boasts 27 apps, $568 million in assets, and over $14 billion in DEX volume.
Sonic’s relaunch has also added pressure, showing over 126 live apps and more than $1.63 billion in assets — a stark contrast to Cardano’s decade-long journey. Even Cardano’s latest initiative — integrating with BitcoinOS to enable Bitcoin staking — trails existing solutions like Babylon Protocol and Lombard Finance, which collectively hold over $7 billion.
Still, the technicals are on ADA’s side. A massive megaphone pattern has formed on the weekly chart, a structure known for predicting major price moves. The price also remains above its 100-week moving average, strengthening the bullish thesis.
If momentum builds, ADA could reclaim last year’s high of $1.307 — a 73% surge from current levels. A successful breakout might set the stage for a push toward the critical $2 mark.
Uniswap (UNI), the largest decentralized exchange, is showing resilience even as its price remains well below 2023 highs. On Monday, UNI traded at $6.50, hovering just above its year-to-date low of $4.92, and sitting on a long-term support zone.
Massive Volume and Revenue Growth
According to DeFi Llama, Uniswap’s trading volume surged to over $73 billion in May, up from $53.2 billion in April—marking the largest monthly increase since February, when the protocol moved $78 billion in volume.
The Ethereum mainnet accounted for the majority of this activity, followed by Arbitrum, Unichain, and Base. Notably, Unichain, launched by Uniswap earlier this year, already surpassed $14 billion in volume—eclipsing Cardano’s $4.9 billion.
Meanwhile, TokenTerminal data shows Uniswap has generated over $380 million in fee revenue in 2024 so far, outpacing even Ethereum, which recorded $275 million.
Uniswap (UNI) Price Lags Behind Metrics
Despite strong fundamentals, UNI’s price is still 65% below its December high, partly due to increased competition from decentralized exchanges like PancakeSwap, which alone handled nearly $100 billion in trading volume this month.
Another bearish signal is whale activity. Data from Santiment shows UNI held by whales dropped from 850 million tokens in December to 748 million, suggesting large-scale sell-offs and distribution pressure.
Technical Analysis: Megaphone Pattern In Play
From a technical perspective, UNI’s weekly chart shows it’s following a bullish megaphone pattern, with diverging trendlines pointing to high volatility and a potential breakout.
The price is currently bouncing off an ascending trendline connecting major lows since June 2022. If UNI breaks above the upper boundary of the megaphone, a rally toward $19.24 (last November’s high) could be in play—representing a 200% gain from current levels.
However, a breakdown below the lower trendline would invalidate the bullish setup and could open doors to new lows.
Coinbase Finds More Trouble as It’s Hit with Another Lawsuit
Coinbase can’t seem to catch a break.
Investor Brady Nessler has filed a class action lawsuit against Coinbase Global Inc. (COIN) in the U.S. District Court for the Eastern District of Pennsylvania, claiming the exchange concealed key details about a $20 million extortion attempt tied to a data breach.
Hackers reportedly stole sensitive customer info—like names, addresses, and even identity documents—and then tried to extort Coinbase. Nessler’s lawsuit alleges the company knew about the breach and failed to notify shareholders properly.
“As a result of Defendants’ wrongful acts and omissions… Plaintiff and other Class members have suffered significant losses,” the lawsuit reads.
The class action seeks financial damages, legal fee reimbursement, and a jury trial, but they haven’t issued a public response yet.
This is not the first legal blow for the crypto giant. Earlier this month, Coinbase confirmed hackers bribed third-party contractors to access consumer data, triggering six lawsuits in the aftermath. The company now expects to shell out $180M–$400M in remediation and refunds.
The legal chaos is hitting COIN stock hard. As of the latest update, COIN is trading at $261.16, down 3.23% from the previous close.
Crypto Twitter is buzzing with debate, with some calling for stricter security standards in crypto platforms. As more lawsuits pile up, Coinbase is facing serious pressure to clean up its security—and fast.
he crypto fam’s pulling up to Vegas this week as Litecoin Summit 2025 hits Harrah’s Hotel for a chill two-day run on May 29–30. It’s not the usual flashy NFT/metaverse circus—but that’s exactly the vibe.
Hosted by the Litecoin Foundation, this summit’s got devs, miners, privacy maxis, and old-school LTC heads linking up to talk real stuff—no hype, no pumps, just straight crypto utility.
Thursday’s (May 29) agenda is still hush-hush 👀, but Friday (May 30) is already stacked. It kicks off with early morning coffee (because devs don’t do 9-to-5), and then it’s go-time in the Reno Room. Panels will cover everything from:
The glow-up of money 💸
Real-world crypto payments
The messy world of regulation
Proof-of-work in a PoS-dominated space
Self-custody vs. centralized chaos
With regulation and privacy being the hot tea this year, you can bet debates will get spicy. Real adoption talk will also be on the table—especially since Litecoin’s been grinding silently while the rest of crypto’s been chasing shiny new toys.
Later in the day, expect a heavy-hitter panel with Charlie Lee and other Litecoin OGs. Then? Giveaways and closing vibes before everyone jumps into swimwear mode for the Harrah’s poolside after-party. 🍸🌴
It’s not the flashiest summit of the year—and that’s the point. In a space full of noise, Litecoin’s keeping it real, asking the big Qs like: What actually matters in crypto now?
WLD Goes Wild 😮💨 Worldcoin Bags $135M, Blows Up 27%
Yo, Worldcoin just got a massive bag—$135 million, to be exact—and the market is vibing hard. Its token WLD popped 27%, hitting $1.57 and sending shockwaves through the altcoin scene.
Big players like a16z and Bain Capital Crypto led the raise, and now the Worldcoin Foundation is ready to push its whole Orb-verification + World ID game across the U.S. Think L.A., Miami, NYC—and that’s just the start.
In the last month, WLD’s been absolutely cooking: up 82%, with 35% of that just this week. Its market cap is now $2.38B, placing it at #47 on the crypto leaderboard. And the trading volume? It exploded over 160%, hitting $1.09B in just one day 💰.
Love it or side-eye it, Worldcoin’s biometric identity mission is grabbing headlines again. If all tokens were in play, the project would be flirting with a $5B valuation.
Yeah, it’s kinda dystopian. But also, kinda genius? Either way, WLD’s back in the spotlight.
HYPE to the Moon Hyperliquid Is Eating the DeFi Game Alive
Yo, the native token HYPE is going wild rn. It just hit an ATH of $37.17 (yep, for real) and is up 20% in the last 24 hours. As of now, it’s chilling around $36.90 with a fat market cap of $12.4B. That puts it at #12 on the crypto charts, passing big names like Chainlink and Avalanche.
So why’s everyone so gassed? Well, its been on fire lately. Built on its own high-speed blockchain HyperEVM, it’s the new playground for pro traders. The buzz peaked after James Wynn, a known giga-chad in crypto trading, dropped a $1.1B long on BTC using 40x leverage. Dude’s already $20M in the green 🤯.
Add to that: record-breaking $8.9B open interest, $5.4M in fees, and $3.2B in USDC TVL. The platform’s numbers are flexing hard. Plus, they just rolled out USDT deposits and even had a sit-down with the CFTC to talk DeFi regs.
This ain’t just a pump—it’s a whole DeFi takeover. This token might be more than a name.
Let’s be real—Bitcoin has been the king of store-of-value, but when it comes to DeFi? It’s been pretty much sidelined. No smart contracts, no yield farming, no on-chain action. OKX just changed that.
Meet xBTC, a new wrapped version of Bitcoin that works on Solana, Sui, and Aptos. Here’s the kicker: every xBTC token is backed 1:1 by actual BTC sitting in OKX’s custody. So you’re not giving up your Bitcoin—you’re upgrading it.
How does it work? You deposit your Bitcoin, and OKX mints xBTC on-chain. Then, you’re free to use that xBTC like any other token—swap it, lend it, farm with it, or stack it as collateral. The big win? Zero minting or burning fees. Just pay your regular gas and you’re good.
Worried about whether it’s really backed? OKX has live proof-of-reserves, so you can verify the real BTC at any time. No sketchy accounting, no trust games. This isn’t another wrapped-token rug waiting to happen.
xBTC is launching on three of the fastest, cheapest chains in the game—Solana, Sui, and Aptos. OKX says more chains are coming. So yeah, Bitcoin is finally getting a seat at the DeFi table.
If you’re a BTC holder who’s tired of just HODLing and watching DeFi pass you by, this might be your move.
