Test Token (TST) witnesses a dramatic volume surge of 65%, transitioning from its tutorial origins to a significant player in crypto markets. Vine’s trading activity eclipses its market cap by
Stellar hitting solid on-chain milestones amid relatively calm crypto market, which is good sign itself
Bitcoin’s latest bout of price weakness may have less to do with macroeconomic jitters and more with American whales quietly stepping off the gas. The telltale sign is a drop in the Coinbase Premium, an often overlooked indicator of U.S. investor sentiment, which now appears to signal growing selling pressure from investors based in the country. US Whales Quietly Selling In his latest take , CryptoQuant analyst AbramChart noted that the Coinbase Premium gap, which measures the price difference between Bitcoin on Coinbase and other global exchanges, has plunged to -5.07, its lowest level in weeks. It means that BTC is currently trading at a noticeable discount on the American crypto exchange compared to its counterparts around the world. According to the expert, this metric, often used as a proxy for the behavior of institutional and high-net-worth traders in the United States, suggests that domestic whales could be offloading their holdings. The timing is hard to ignore, given the drop came just as Bitcoin lost steam near the psychologically significant $100,000 level. Initially, during BTC’s strong recovery in April, the premium surged alongside the flagship cryptocurrency’s rally toward $98,000, peaking around mid-month before reversing course and dipping into negative territory even as Bitcoin’s price corrected. “Over the past month, the premium recovered significantly but is now dropping again — aligning with the recent BTC price correction,” wrote AbramChart. The analyst further stated that a negative premium reflects bearish sentiment among U.S. traders, while a persistent unfavorable gap means short-term downside risk could increase, signaling caution for investors. Market Movements Bitcoin is now changing hands at about $94,294, marking a negligible 0.4% drop in the last 24 hours. It follows a choppy few days for the asset, which, after staging a rally that pushed it as high as $98,000 last Friday, saw its momentum fade over the weekend. In the last 48 hours, it has bounced at least twice off its critical $93,000 support level but has struggled to reclaim $95,000. The current price means BTC has dipped slightly by 0.9% over the past week, closely mirroring the broader crypto market, which has contracted by the same percentage in that period. However, on a monthly scale, the crypto asset remains in positive territory, boasting a 13.6% gain across 30 days and 44.7% in the last 12 months. The post Bitcoin’s $100K Stumble Coincides With US Whales Pulling Back, Analyst Says appeared first on CryptoPotato .
Are you interested in the future of Ethereum and how it plans to scale while remaining secure? If so, understanding the mechanics behind Ethereum rollups is absolutely crucial. These innovative solutions are key to boosting transaction speeds and reducing costs on the network. Recently, Ethereum co-founder Vitalik Buterin shared his latest thoughts on a critical aspect of rollups: their security evolution. In a recent blog post, he laid out a clear framework detailing the three distinct stages of Ethereum rollup security , offering valuable insights into how these systems mature and become more robust over time. Understanding the Foundation: What are Ethereum Rollups and Why are They Important? Before diving into Vitalik’s stages, let’s quickly recap what Ethereum rollups are. Think of them as scaling solutions that execute transactions off the main Ethereum chain (Layer 1) but post the transaction data back onto Layer 1. This significantly increases throughput compared to processing everything directly on Layer 1. There are two main types: Optimistic Rollups: Assume transactions are valid by default and only run computation (using fraud proofs) if challenged. ZK-Rollups: Run computation off-chain and submit validity proofs to Layer 1, cryptographically guaranteeing the correctness of the state transition. Both types are vital for achieving the kind of blockchain scaling necessary for Ethereum to support a global user base. However, their security mechanisms and maturity levels differ, which is where Vitalik’s stage framework comes in. Vitalik Buterin’s Framework: The Three Rollup Security Stages Vitalik’s framework provides a roadmap for how Ethereum rollups evolve from centralized control to a state of maximum security and decentralization. He identifies three key stages: Stage 0: The Genesis – Centralized Control is Necessary In the very early days of a rollup, security often relies heavily on a centralized entity, typically a security council or the development team itself. This is Stage 0. At this point, the security council has significant power, potentially including the ability to upgrade the contract logic without delay or even intervene in operations to fix critical bugs quickly. Why is this necessary? Because the technology is new, unproven in production, and potential vulnerabilities are high. Centralized control allows for rapid response to unforeseen issues, preventing catastrophic loss of user funds. However, it also introduces a significant trust assumption, as users must trust the council not to act maliciously or incompetently. Stage 1: Stepping Towards Decentralization – Limited Oversight Moving to Stage 1 represents a crucial step towards decentralization. In this stage, the security council’s power is significantly reduced. They transition from having full control to a more limited oversight role. Their ability to unilaterally upgrade contracts or intervene is constrained, often requiring time delays (like a timelock) or relying on a more decentralized consensus mechanism among council members. The key characteristic of Stage 1 is that the rollup has implemented its core security mechanisms, such as: For Optimistic Rollups: A functional fraud proof system allowing anyone to challenge invalid state transitions. For ZK-Rollups: A working validity proof system that verifies state transitions on Layer 1. While the security council still exists and can potentially pause the system or perform emergency upgrades, their power is less absolute than in Stage 0. This stage balances the need for emergency intervention with increased user confidence due to the presence of core decentralized security features. Stage 2: The Pinnacle – Trust Minimized Security Stage 2 is the ultimate goal for Ethereum rollups . At this stage, the system’s security relies almost entirely on the underlying cryptographic proofs (fraud proofs or validity proofs) and the decentralized nature of Layer 1 Ethereum. The security council’s role is minimal, ideally only intervening in the case of provable, critical bugs where the proof system itself fails or there’s a vulnerability in the core contract logic that cannot be fixed through the standard proof mechanism. Achieving Stage 2 means the system is highly trust-minimized. Users no longer need to place significant trust in a centralized entity for their funds’ safety. The security is mathematically or cryptographically guaranteed by the proof system and enforced by the Layer 1 chain. This is the state that truly unlocks the full potential of blockchain scaling on Ethereum without compromising its core principles of decentralization and security. Navigating the Transitions: Vitalik’s Advice Vitalik Buterin didn’t just outline the stages; he also provided crucial advice on how rollups should transition between them. Why Transitioning from Stage 0 to Stage 1 Should Be Quick Vitalik emphasized that rollups should aim to move from Stage 0 to Stage 1 relatively quickly. Why? Because Stage 0 carries the highest trust assumptions due to the centralized control. Lingering too long in Stage 0 means users are exposed to the risks associated with relying heavily on a security council. Implementing the core proof system and transitioning to Stage 1 significantly reduces this trust requirement and improves the overall security posture of the rollup, building user confidence in Ethereum security . Why Rushing to Stage 2 Can Be Detrimental Conversely, Vitalik warned against rushing the transition from Stage 1 to Stage 2. While Stage 2 is the ideal state, it requires a highly robust and battle-tested proof system. Moving to Stage 2 too soon, before the fraud or validity proof mechanisms are fully proven in production, audited, and resilient to edge cases, could be dangerous. If the core proof system has undiscovered bugs or vulnerabilities, removing the limited oversight of the Stage 1 security council could leave the system vulnerable with no effective emergency brake. He stressed that a robust proof system is absolutely crucial before a rollup can confidently declare itself Stage 2. This involves extensive testing, formal verification, and real-world usage to ensure the proofs correctly and reliably enforce the state transitions. Comparing the Stages Here’s a simple comparison of the key characteristics of each rollup stage : Feature Stage 0 Stage 1 Stage 2 Security Council Control Full (can upgrade/intervene easily) Limited (e.g., timelocks, multi-sig) Minimal (only for provable bugs in proof system) Core Security Mechanism Relies on trust in council Proof system active (fraud/validity) + council oversight Relies primarily on proof system Trust Assumption High (in council) Medium (in council for emergencies, but proofs active) Low (in cryptography and Layer 1) Maturity Level Early Intermediate Mature Implications for the Ecosystem Vitalik’s clear definition of these rollup stages provides valuable context for users, developers, and investors in the Ethereum ecosystem. For users, understanding the stage of a particular rollup helps assess its current security profile and trust assumptions. For developers building on rollups, it highlights the development milestones necessary to achieve higher levels of security and decentralization. For the broader community, it offers a framework for evaluating the progress of blockchain scaling solutions and the overall maturity of the Ethereum Layer 2 landscape. The transition to Stage 2 for major rollups will be a significant milestone for Ethereum security and scalability, marking a point where these networks become truly trust-minimized extensions of Layer 1. Conclusion: A Roadmap to a Secure, Scaled Future Vitalik Buterin’s breakdown of the three Ethereum rollup security stages provides a vital roadmap for the evolution of these critical blockchain scaling solutions. From the necessary centralized control of Stage 0 to the trust-minimized ideal of Stage 2, each phase represents a step towards a more secure and decentralized future for transactions on Ethereum. His guidance on the speed of transitions – quick from Stage 0 to 1, cautious to Stage 2 only after a robust proof system is established – is crucial for the healthy development of the ecosystem. As rollups mature and progress through these stages, they will play an increasingly important role in making Ethereum accessible and scalable for billions of users worldwide, significantly enhancing overall Ethereum security and functionality. To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum scaling solutions and institutional adoption.
On May 6th, COINOTAG reported the unveiling of the SNS token by the Solana ecosystem domain service sns.sol, a former branch of Bonfida. Initially, the FIDA token was launched five
Ethereum’s spot trading volume has noticeably decreased as its price struggles to breach the $1,805 resistance, signaling a pivotal moment for market participants. Ethereum’s spot volume cooled, while address activity
The post Major Token Unlocks Ahead: Technical Breakdown of PYTH and Optimism (OP) for Traders appeared first on Coinpedia Fintech News Key Highlights PYTH will unlock 2.13 billion tokens (~$1.24B) on May 20, doubling its circulating supply. Optimism (OP) will unlock 386 million tokens (~$587M) on May 31, also doubling its supply. PYTH shows weak On-Balance Volume (OBV) despite a minor price recovery, with $0.12 as critical support and $0.215 as key resistance. OP remains under all major EMAs with improving Chaikin Money Flow (CMF), but faces strong overhead resistance at $1.071 and $1.4. Both tokens face sell pressure, with rebound hinging on volume; PYTH OI drops while OP shorts rise, signaling market caution. Pyth Builds Bearish Momentum Before Unlock Pyth Technical Analysis: Mild Recovery, but Caution Prevails Currently, PYTH Coin is priced at approximately $0.139, which reflects a modest rise since yesterday. Following months of decline from late December, when it was trading near $0.55, the upcoming unlock of more than $86M presents additional volatility risk. Of importance, the support zone at $0.12 has held thus far; this is pivotal. The next key resistances are: $0.215 (23.6% Fibonacci) → key breakout area $0.275 (38.2% Fibonacci) → observe for new momentum The RSI is to ~45.28, indicating a modestly stronger momentum, but still beneath the neutral 50. The CMF (~+0.08–0.12) indicates steady inflow of capital, which is encouraging. That said, the OBV at ~1.07B is still beneath it’s high (~1.2B) indicating still soft buying pressure. The price is still under all major EMAs (20/50/100/200) which still reinforces the bearish broader trend. If $0.12 breaks, next critical level to the downside is $0.10, which could initiate some more selling pressure. Overall the bias remains bearish leading into the unlock, unless PYTH can break above $0.215 soon, if discounting any potential momentum flip/catalyst. Just watch most possibly for short squeezes, if sentiment turns. Optimism (OP) Shows Bearish Trend and Critical Support Test Presently, Optimism OP Coin is trading near the $0.632 level, having suffered a long and slow decline down from its peak of $2.773 in December 2024. Adding to volatility perceptions, a large token unlock occurs on May 31 (~386m OP worth ~$587m about to drop into networks). The RSI indicator on the Daily chart below has nearly fallen to the oversold zone of ~36. This shows sellers are in control but opens OP up to a short term bounce potential should shorts become overcrowded. The EMA 20/50/100/200 stack shows OP remaining in a down trend under all major averages, with bearish slope confirmation. Again, a meaningful recovery will require OP to reclaim at least the $1.071 (23.6% Fibonacci retracement). On the volume side, our OBV has now made lower lows near |~415m| and deterioration has persisted. CMF has made lower lows as well recently, at around –0.04, which signals continued net capital outflows. Structurally, OP’s price remains compressing within a descending channel / falling wedge and is testing the critical support zone of $0.545–$0.600. Should we break this level, the next downside risk opens up below the $0.50 range. The first bullish signal we need to see would be reclaiming the $1.071–$1.4 resistance band (23.6–38.2% Fibonacci) which is no doubt going to be predicated on seeing some rotational volume and sentiment shift post the unlock. Derivatives Insight: PYTH and OP Show Diverging Risks Ahead of Token Unlocks PYTH Network (PYTH) Coinglass data shows that PYTH’s aggregated open interest has fallen sharply from ~$80 million in December to around ~$40–50 million today, signalling that traders are de-risking ahead of the massive May 20 token unlock. Liquidation data shows limited recent action, but the last big wipeout in December led to a sharp crash, highlighting the risk of forced selling if unlock pressure sparks panic. The derivatives market shows caution, low leverage, and minimal buildup, but traders should prepare for a volatility spike when supply hits. OP aggregated open interest declined from ~$350 million to ~$150–180 million, with a recent uptick signalling rising short positions, but has seen a recent uptick, indicating a rise in short positioning ahead of the May 31 unlock. Coinglass liquidation data shows large long-side liquidations recently, reflecting bearish control. This rising short buildup raises the risk of a short squeeze if sentiment shifts bullish or if the market absorbs the unlock faster than expected. Traders should monitor OI and liquidation trends closely as the unlock date nears. Key Levels and Caution Ahead Both PYTH and OP face critical weeks as their massive token unlocks approach, doubling circulating supply and testing market confidence. Technically, both tokens remain in bearish setups, with weak momentum and volume signals, while derivatives data show that traders are either de-risking (PYTH) or building shorts aggressively (OP). Until key resistances are reclaimed — $0.215 for PYTH and $1.071 for OP — the bias stays bearish, and traders should watch support levels closely at $0.12 and $0.545–$0.600 , respectively, as the unlock events unfold.
DeFi Development Corp, formerly known as Janover Inc., has expanded its digital asset portfolio by acquiring approximately 82,404.50 Solana (SOL) tokens. Separately, SOL Strategies has made a substantial purchase of 122,524 SOL tokens at an average price of $148.96 per token, deploying an initial $20 million tranche from its $500 million convertible note facility with ATW Partners. This acquisition marks the first tranche since May 1st, reflecting a strong appetite for Solana in the digital asset market. The total investment by SOL Strategies for these tokens amounts to $20 million, indicating significant buy pressure anticipated for SOL. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The Jito Foundation is establishing itself as a pivotal player in Solana’s MEV and liquid staking landscape through innovative and transparent solutions. With JitoSol’s emphasis on deep liquidity and DAO-driven
May 2025 is shaping up to be a pivotal moment for crypto investors seeking long-term upside from credible assets. Four standouts— Bitcoin (BTC) , XRP , Ethereum (ETH) , and Aptos (APT) —are flashing strong signals across both technical and macro indicators. While capital rotates into assets with real-world traction, a rising early-stage name, MAGACOINFINANCE , is also gaining serious attention for its unique positioning. MAGACOINFINANCE – A Strategic Play With Explosive Potential While blue-chip coins dominate headlines, MAGACOINFINANCE is making strategic moves beneath the radar. With over $7.8 million raised and a growing community, the project has earned credibility as a serious early-stage contender. Backed by strong branding, community alignment, and growing media mentions, MAGACOINFINANCE is climbing—on purpose and with precision. Early investors can still activate the 50% token bonus using promo code MAGA50X during the final days of its pre-sale. Bitcoin (BTC) and XRP – Institutional Tailwinds Gain Strength Bitcoin (BTC) is trading near $95,000 , showing resilience following a strong April. With ETF flows continuing to rise and market confidence stabilizing, analysts forecast a move toward $132,000 if May continues on this bullish track. XRP , holding firm near $2.15 , is strengthening on the back of institutional inflows and futures ETF momentum. With CME Group’s futures product expected by mid-May, a break above $2.45 could propel XRP into a new phase of demand—especially among traditional finance players. Ethereum (ETH) and Aptos (APT) – Building on Infrastructure and Adoption Ethereum (ETH) remains a foundational pillar, trading around $1,736 . Bullish on-chain data, AI integrations, and whale activity continue to support its trajectory toward the $2,500–$2,700 range. Ethereum’s dominance across Layer-1 ecosystems remains unshaken. Aptos (APT) recently surged 18% in a single week, boosted by news of its digital wallet integration with Expo 2025 Osaka . This real-world utility is giving APT a visibility boost among institutional and retail investors alike. With support building near $9.35, momentum could carry it toward fresh 2025 highs. Final Thoughts For investors working with $760 or more, this cycle isn’t just about buying what’s familiar—it’s about identifying where growth is building. BTC, XRP, ETH , and APT bring solid upside potential. But MAGACOINFINANCE offers something different: a shot at early entry into a movement that’s just getting started . To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Traders Are Divided Between Bitcoin, XRP, and Solana — Which One Will Rally First?